Travis Texas Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Travis
• 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 Travis Texas Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program offered by RPM, Inc., a reputed company based in Travis, Texas. This plan is designed to incentivize and reward employees by granting them ownership rights in the form of restricted stock units (RSS). The Travis Texas Restricted Stock Plan is structured to align the interests of employees with those of the company, motivating them to contribute to the long-term success of RPM, Inc. By offering RSS, this plan provides employees with an opportunity to acquire stocks in the company at a predetermined price, ensuring they share in the financial growth and achievements of RPM, Inc. Under this plan, employees are granted a specific number of RSS, which are subject to a vesting schedule. The vesting period is typically determined by the company's policy and acts as an incentive for employees to remain with RPM, Inc. for a certain period, promoting loyalty and dedication. Once the RSS vest, employees gain ownership rights to the corresponding number of company stocks. The compensation received through these stocks often offers a long-term financial benefit as employees leverage the growth potential of RPM, Inc. As a result, this plan not only serves as a means to increase employee engagement and retention but also acts as a powerful tool to attract top talent in the industry. It is important to note that while the Travis Texas Restricted Stock Plan benefits all eligible employees, there might be variants of the plan based on factors such as job level, tenure, or performance. Some potential types of the Travis Texas Restricted Stock Plan of RPM, Inc. may include: 1. Executive Restricted Stock Plan: Created specifically for top-level executives, this variant of the plan is designed to provide higher incentives and rewards to drive the company's strategic vision and goals. 2. Performance-based Restricted Stock Plan: This type of plan is tied to individual or team performance metrics, allowing employees to earn additional RSS based on meeting or exceeding specific targets and objectives. 3. Long-Term Incentive Restricted Stock Plan: Meant to encourage employee retention, this plan provides RSS to employees after a significant period, motivating them to stay with RPM, Inc. and contribute to its long-term success. 4. Equity Sharing Restricted Stock Plan: This variant focuses on sharing the company's equity with a broader employee base, allowing them to benefit from the company's growth and success. Overall, the Travis Texas Restricted Stock Plan of RPM, Inc. serves as a powerful tool to attract, motivate, and retain talented employees. It not only aligns their interests with the company's but also fosters a sense of ownership and commitment towards achieving RPM, Inc.'s strategic objectives.

Travis Texas Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program offered by RPM, Inc., a reputed company based in Travis, Texas. This plan is designed to incentivize and reward employees by granting them ownership rights in the form of restricted stock units (RSS). The Travis Texas Restricted Stock Plan is structured to align the interests of employees with those of the company, motivating them to contribute to the long-term success of RPM, Inc. By offering RSS, this plan provides employees with an opportunity to acquire stocks in the company at a predetermined price, ensuring they share in the financial growth and achievements of RPM, Inc. Under this plan, employees are granted a specific number of RSS, which are subject to a vesting schedule. The vesting period is typically determined by the company's policy and acts as an incentive for employees to remain with RPM, Inc. for a certain period, promoting loyalty and dedication. Once the RSS vest, employees gain ownership rights to the corresponding number of company stocks. The compensation received through these stocks often offers a long-term financial benefit as employees leverage the growth potential of RPM, Inc. As a result, this plan not only serves as a means to increase employee engagement and retention but also acts as a powerful tool to attract top talent in the industry. It is important to note that while the Travis Texas Restricted Stock Plan benefits all eligible employees, there might be variants of the plan based on factors such as job level, tenure, or performance. Some potential types of the Travis Texas Restricted Stock Plan of RPM, Inc. may include: 1. Executive Restricted Stock Plan: Created specifically for top-level executives, this variant of the plan is designed to provide higher incentives and rewards to drive the company's strategic vision and goals. 2. Performance-based Restricted Stock Plan: This type of plan is tied to individual or team performance metrics, allowing employees to earn additional RSS based on meeting or exceeding specific targets and objectives. 3. Long-Term Incentive Restricted Stock Plan: Meant to encourage employee retention, this plan provides RSS to employees after a significant period, motivating them to stay with RPM, Inc. and contribute to its long-term success. 4. Equity Sharing Restricted Stock Plan: This variant focuses on sharing the company's equity with a broader employee base, allowing them to benefit from the company's growth and success. Overall, the Travis Texas Restricted Stock Plan of RPM, Inc. serves as a powerful tool to attract, motivate, and retain talented employees. It not only aligns their interests with the company's but also fosters a sense of ownership and commitment towards achieving RPM, Inc.'s strategic objectives.