Suffolk New York Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Suffolk
• 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 Suffolk New York Restricted Stock Plan of RPM, Inc. is a comprehensive stock compensation plan that is designed to incentivize and reward employees of RPM, Inc. for their contributions to the company's success. This plan offers various types of restricted stock options that grant eligible employees the opportunity to own a certain number of company shares at a predetermined price. One type of restricted stock option available under the Suffolk New York Restricted Stock Plan is the "Performance-Based Restricted Stock." This specific option is awarded to employees based on the achievement of certain performance goals established by the company. These goals may include financial targets, revenue growth, market penetration, or any other relevant metrics that demonstrate the company's progress and success. Another type of restricted stock option is the "Time-Based Restricted Stock." This option grants eligible employees shares of company stock based on their continued service with RPM, Inc. over a specific period of time. The stock typically vests gradually over a predetermined period, encouraging long-term commitment and loyalty among employees. The Suffolk New York Restricted Stock Plan also encompasses the "Employee Stock Purchase Plan" (ESPN), which allows employees to purchase company stock at a discounted price. This plan provides an opportunity for employees to become shareholders in RPM, Inc., fostering a sense of ownership and alignment with the company's long-term goals. In addition to these specific types of restricted stock options, the Suffolk New York Restricted Stock Plan may also include provisions for stock grants, stock options, and employee stock ownership plans (Sops) tailored to the needs and objectives of RPM, Inc. RPM, Inc. is committed to providing its employees with valuable incentives and rewards through the Suffolk New York Restricted Stock Plan. By offering various types of restricted stock options, the plan ensures that employees are motivated to contribute to the company's growth, align their interests with shareholders, and participate in the overall success of RPM, Inc.

The Suffolk New York Restricted Stock Plan of RPM, Inc. is a comprehensive stock compensation plan that is designed to incentivize and reward employees of RPM, Inc. for their contributions to the company's success. This plan offers various types of restricted stock options that grant eligible employees the opportunity to own a certain number of company shares at a predetermined price. One type of restricted stock option available under the Suffolk New York Restricted Stock Plan is the "Performance-Based Restricted Stock." This specific option is awarded to employees based on the achievement of certain performance goals established by the company. These goals may include financial targets, revenue growth, market penetration, or any other relevant metrics that demonstrate the company's progress and success. Another type of restricted stock option is the "Time-Based Restricted Stock." This option grants eligible employees shares of company stock based on their continued service with RPM, Inc. over a specific period of time. The stock typically vests gradually over a predetermined period, encouraging long-term commitment and loyalty among employees. The Suffolk New York Restricted Stock Plan also encompasses the "Employee Stock Purchase Plan" (ESPN), which allows employees to purchase company stock at a discounted price. This plan provides an opportunity for employees to become shareholders in RPM, Inc., fostering a sense of ownership and alignment with the company's long-term goals. In addition to these specific types of restricted stock options, the Suffolk New York Restricted Stock Plan may also include provisions for stock grants, stock options, and employee stock ownership plans (Sops) tailored to the needs and objectives of RPM, Inc. RPM, Inc. is committed to providing its employees with valuable incentives and rewards through the Suffolk New York Restricted Stock Plan. By offering various types of restricted stock options, the plan ensures that employees are motivated to contribute to the company's growth, align their interests with shareholders, and participate in the overall success of RPM, Inc.