San Diego California Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: San Diego
• Control #: US-CC-18-200A
• Format: Word; Rich Text

Description

18-200A 18-200A . . . Restricted Stock Plan under which (a) Compensation Committee determines those employees of corporation and subsidiaries who are eligible to receive awards of Restricted Shares, (b) Restricted Shares are forfeitable and nontransferable for specified period of time, (c) transfer restrictions remain in place until earliest of (i) later of either employee's termination of employment or lapse of forfeiture restrictions, (ii) change in control with respect to corporation, or (iii) termination of Plan. Restricted Shares are subject to compete forfeiture until earliest to occur of (i) later of either employee's attainment of age 55 or fifth anniversary of May 31st immediately preceding date on which Restricted Shares were awarded, (ii) retirement of employee on or after attainment of age 65, or (iii) change in control with respect to corporation The San Diego California Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program offered by RPM, Inc., a reputable company based in San Diego, California. This plan aims to incentivize and reward employees by providing them with restricted stock options, fostering long-term commitment and alignment with the company's growth and success. Under this plan, eligible employees are granted a predetermined number of company shares at a discounted or no-cost rate. However, these shares cannot be immediately sold or transferred. Instead, they are subject to certain restrictions and vesting schedules, which vary depending on the specific type of plan. There are different types of San Diego California Restricted Stock Plans offered by RPM, Inc., each tailored to meet the needs of employees at different levels within the company. These may include: 1. Executive/Management Restricted Stock Plan: This plan is designed for top-level executives and key management personnel. It may offer a higher number of shares, longer vesting periods, and additional incentives such as performance-based criteria for stock release. 2. Employee Restricted Stock Plan: This plan targets a broader group of employees, typically excluding executives. It provides an opportunity for these individuals to acquire company shares, aligning their interests with the overall success of RPM, Inc. 3. Restricted Stock Unit (RSU) Plan: This plan differs slightly from traditional restricted stock plans, where employees receive units rather than actual shares. These units represent a future entitlement to company stock and are subject to vesting requirements, typically based on a time frame or performance goals. It is important to note that the San Diego California Restricted Stock Plan of RPM, Inc., like any stock plan, may have specific eligibility criteria, such as length of employment or performance benchmarks, that employees must meet to participate. Additionally, the plan likely includes provisions that address sale restrictions, transferability, and taxation implications to ensure compliance with relevant regulations. Overall, the San Diego California Restricted Stock Plan of RPM, Inc. serves as a valuable employee benefits program designed to attract, retain, and motivate talented individuals by providing them with ownership opportunities in the form of restricted stocks or units.

The San Diego California Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program offered by RPM, Inc., a reputable company based in San Diego, California. This plan aims to incentivize and reward employees by providing them with restricted stock options, fostering long-term commitment and alignment with the company's growth and success. Under this plan, eligible employees are granted a predetermined number of company shares at a discounted or no-cost rate. However, these shares cannot be immediately sold or transferred. Instead, they are subject to certain restrictions and vesting schedules, which vary depending on the specific type of plan. There are different types of San Diego California Restricted Stock Plans offered by RPM, Inc., each tailored to meet the needs of employees at different levels within the company. These may include: 1. Executive/Management Restricted Stock Plan: This plan is designed for top-level executives and key management personnel. It may offer a higher number of shares, longer vesting periods, and additional incentives such as performance-based criteria for stock release. 2. Employee Restricted Stock Plan: This plan targets a broader group of employees, typically excluding executives. It provides an opportunity for these individuals to acquire company shares, aligning their interests with the overall success of RPM, Inc. 3. Restricted Stock Unit (RSU) Plan: This plan differs slightly from traditional restricted stock plans, where employees receive units rather than actual shares. These units represent a future entitlement to company stock and are subject to vesting requirements, typically based on a time frame or performance goals. It is important to note that the San Diego California Restricted Stock Plan of RPM, Inc., like any stock plan, may have specific eligibility criteria, such as length of employment or performance benchmarks, that employees must meet to participate. Additionally, the plan likely includes provisions that address sale restrictions, transferability, and taxation implications to ensure compliance with relevant regulations. Overall, the San Diego California Restricted Stock Plan of RPM, Inc. serves as a valuable employee benefits program designed to attract, retain, and motivate talented individuals by providing them with ownership opportunities in the form of restricted stocks or units.