Wayne Michigan Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Wayne
• 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 Wayne Michigan Restricted Stock Plan is a compensation program offered by RPM, Inc., a leading corporation based in Wayne, Michigan. This plan aims to reward its employees with stock options as a means of enhancing their engagement, promoting long-term commitment, and aligning their interests with the company's growth objectives. Under the Wayne Michigan Restricted Stock Plan, eligible employees of RPM, Inc. receive restricted stock units (RSS) as a form of compensation. These RSS grant employees the right to acquire company stock after a specified vesting period. The RSS are typically subject to various restrictions and conditions, which ensure that employees remain committed to their roles and the growth of the company. This plan provides employees with a tangible ownership stake in RPM, Inc., as the RSS gradually convert into actual shares of company stock over time. The vesting period often spans several years, encouraging employees to remain with the company for the long term, contributing to its success and, in turn, reaping the benefits of stock appreciation. This program also helps attract and retain high-quality talent by offering them the opportunity to share in the company's financial success. With the Wayne Michigan Restricted Stock Plan, RPM, Inc. aims to create a culture of ownership and accountability among its employees, ensuring they have a vested interest in the company's performance. By tying compensation to the company's stock value, the plan motivates employees to work towards the achievement of strategic goals, profitability, and sustainable growth. It is worth noting that the Wayne Michigan Restricted Stock Plan may have various iterations or variations, tailored to specific employee groups or circumstances within RPM, Inc. Some potential variations may include executive restricted stock plans, employee stock purchase plans, or stock options for top-tier management. These tailored plans may have distinct eligibility criteria, vesting schedules, and grant amounts to align with the requirements and objectives of different employee segments within the organization. In summary, the Wayne Michigan Restricted Stock Plan of RPM, Inc. is an employee compensation program that offers restricted stock units to eligible employees. It serves as a tool to promote long-term commitment, align employee interests with the company's growth, and cultivate a culture of ownership within RPM, Inc.

Wayne Michigan Restricted Stock Plan is a compensation program offered by RPM, Inc., a leading corporation based in Wayne, Michigan. This plan aims to reward its employees with stock options as a means of enhancing their engagement, promoting long-term commitment, and aligning their interests with the company's growth objectives. Under the Wayne Michigan Restricted Stock Plan, eligible employees of RPM, Inc. receive restricted stock units (RSS) as a form of compensation. These RSS grant employees the right to acquire company stock after a specified vesting period. The RSS are typically subject to various restrictions and conditions, which ensure that employees remain committed to their roles and the growth of the company. This plan provides employees with a tangible ownership stake in RPM, Inc., as the RSS gradually convert into actual shares of company stock over time. The vesting period often spans several years, encouraging employees to remain with the company for the long term, contributing to its success and, in turn, reaping the benefits of stock appreciation. This program also helps attract and retain high-quality talent by offering them the opportunity to share in the company's financial success. With the Wayne Michigan Restricted Stock Plan, RPM, Inc. aims to create a culture of ownership and accountability among its employees, ensuring they have a vested interest in the company's performance. By tying compensation to the company's stock value, the plan motivates employees to work towards the achievement of strategic goals, profitability, and sustainable growth. It is worth noting that the Wayne Michigan Restricted Stock Plan may have various iterations or variations, tailored to specific employee groups or circumstances within RPM, Inc. Some potential variations may include executive restricted stock plans, employee stock purchase plans, or stock options for top-tier management. These tailored plans may have distinct eligibility criteria, vesting schedules, and grant amounts to align with the requirements and objectives of different employee segments within the organization. In summary, the Wayne Michigan Restricted Stock Plan of RPM, Inc. is an employee compensation program that offers restricted stock units to eligible employees. It serves as a tool to promote long-term commitment, align employee interests with the company's growth, and cultivate a culture of ownership within RPM, Inc.