Wake North Carolina Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Wake
• 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 Wake North Carolina Restricted Stock Plan of RPM, Inc. is a comprehensive equity compensation program designed to provide eligible employees with ownership in the company. This plan allows employees to acquire restricted stock units (RSS) as a form of incentive and long-term investment. As part of the plan, RPM, Inc. grants eligible employees RSS, which represent the right to receive shares of company stock at a predetermined future date. This RSS is subject to certain restrictions and vesting schedules, meaning they cannot be fully exercised or sold until specific conditions are met. This provides employees with an added motivation to contribute to the company's growth and success over the long term. The Wake North Carolina Restricted Stock Plan offers various types of grants based on an employee's seniority, role, and performance. These may include: 1. Performance-based RSS: This RSS is granted to employees based on predetermined performance goals. If the goals are achieved, the RSS become vested and can be converted into shares of company stock. 2. Time-based RSS: These RSS vest over a specific period, typically a combination of years of service and continued employment. After the vesting period, employees can exercise and sell the shares. 3. Restricted Stock Awards (RSA): This is a type of RSU that represents actual shares of the company stock, subject to restrictions and vesting schedules. SAS is an attractive component of the plan as they give employees a sense of true ownership and potential dividends. Participating employees are provided with detailed documentation outlining the terms and conditions of the Wake North Carolina Restricted Stock Plan, ensuring transparency and clarity regarding the benefits and obligations attached to the grants. By offering employees the opportunity to acquire ownership in the company, the Wake North Carolina Restricted Stock Plan aligns their interests with those of RPM, Inc. This enhances employee loyalty, motivation, and accountability, fostering a culture of long-term commitment and dedication. Keywords: Wake North Carolina Restricted Stock Plan, RPM Inc., equity compensation, restricted stock units, RSS, incentive, long-term investment, grants, vesting schedules, performance-based RSS, time-based RSS, restricted stock awards, ownership, seniority, role, performance, documentation, transparency, loyalty, motivation, accountability, commitment.

The Wake North Carolina Restricted Stock Plan of RPM, Inc. is a comprehensive equity compensation program designed to provide eligible employees with ownership in the company. This plan allows employees to acquire restricted stock units (RSS) as a form of incentive and long-term investment. As part of the plan, RPM, Inc. grants eligible employees RSS, which represent the right to receive shares of company stock at a predetermined future date. This RSS is subject to certain restrictions and vesting schedules, meaning they cannot be fully exercised or sold until specific conditions are met. This provides employees with an added motivation to contribute to the company's growth and success over the long term. The Wake North Carolina Restricted Stock Plan offers various types of grants based on an employee's seniority, role, and performance. These may include: 1. Performance-based RSS: This RSS is granted to employees based on predetermined performance goals. If the goals are achieved, the RSS become vested and can be converted into shares of company stock. 2. Time-based RSS: These RSS vest over a specific period, typically a combination of years of service and continued employment. After the vesting period, employees can exercise and sell the shares. 3. Restricted Stock Awards (RSA): This is a type of RSU that represents actual shares of the company stock, subject to restrictions and vesting schedules. SAS is an attractive component of the plan as they give employees a sense of true ownership and potential dividends. Participating employees are provided with detailed documentation outlining the terms and conditions of the Wake North Carolina Restricted Stock Plan, ensuring transparency and clarity regarding the benefits and obligations attached to the grants. By offering employees the opportunity to acquire ownership in the company, the Wake North Carolina Restricted Stock Plan aligns their interests with those of RPM, Inc. This enhances employee loyalty, motivation, and accountability, fostering a culture of long-term commitment and dedication. Keywords: Wake North Carolina Restricted Stock Plan, RPM Inc., equity compensation, restricted stock units, RSS, incentive, long-term investment, grants, vesting schedules, performance-based RSS, time-based RSS, restricted stock awards, ownership, seniority, role, performance, documentation, transparency, loyalty, motivation, accountability, commitment.