Fairfax Virginia Restricted Stock Plan of Guilford Mills, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Fairfax
• Control #: US-CC-20-170A
• Format: Word; Rich Text

Description

20-170A 20-170A . . . Restricted Stock Plan under which Compensation Committee grants awards of shares of common stock in accordance with terms and conditions set forth in agreement between corporation and participant. Each Stock Agreement contains such individual and corporate performance goals, restrictions, terms and conditions as Compensation Committee may require including price, if any, which participant shall be required to pay for shares The Fairfax Virginia Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive compensation program designed to reward and incentivize employees of Guilford Mills, Inc., located in Fairfax, Virginia. This stock plan offers employees the opportunity to acquire company stock by granting them restricted stock units (RSS) or restricted stock awards (SAS) as part of their overall compensation package. Under the Fairfax Virginia Restricted Stock Plan, employees are granted a specified number of RSS or SAS, which confer ownership rights to company stock, subject to certain restrictions and vesting schedules. These grants are offered to eligible employees based on their job level, performance, and tenure with the company. The RSS and SAS granted within the plan are subject to a vesting period, determined by the company, during which the employee must fulfill specific conditions, such as remaining with the company for a certain number of years or achieving predetermined performance goals. Once vested, the RSS or SAS convert into actual shares of Guilford Mills, Inc. stock that the employee can sell or retain. The Fairfax Virginia Restricted Stock Plan of Guilford Mills, Inc. aims to align employees' interests with the long-term success of the company. It provides a means for employees to share in the growth and performance of Guilford Mills, Inc. by becoming shareholders and potentially benefiting from increases in the company's stock price. Participating in the Fairfax Virginia Restricted Stock Plan offers numerous advantages for employees. Firstly, it provides an additional incentive for employees to stay with the company long-term, as the vesting schedule encourages loyalty and commitment. Additionally, employees have the opportunity to directly benefit from the company's financial success, as the stock grants can provide potential future returns if the stock price increases. Ultimately, the Fairfax Virginia Restricted Stock Plan of Guilford Mills, Inc. serves as a valuable tool for attracting, retaining, and motivating talented individuals by creating a sense of ownership and alignment with the company's goals. It offers employees in Fairfax, Virginia, an opportunity to participate in the company's success and potentially build long-term wealth through stock ownership.

The Fairfax Virginia Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive compensation program designed to reward and incentivize employees of Guilford Mills, Inc., located in Fairfax, Virginia. This stock plan offers employees the opportunity to acquire company stock by granting them restricted stock units (RSS) or restricted stock awards (SAS) as part of their overall compensation package. Under the Fairfax Virginia Restricted Stock Plan, employees are granted a specified number of RSS or SAS, which confer ownership rights to company stock, subject to certain restrictions and vesting schedules. These grants are offered to eligible employees based on their job level, performance, and tenure with the company. The RSS and SAS granted within the plan are subject to a vesting period, determined by the company, during which the employee must fulfill specific conditions, such as remaining with the company for a certain number of years or achieving predetermined performance goals. Once vested, the RSS or SAS convert into actual shares of Guilford Mills, Inc. stock that the employee can sell or retain. The Fairfax Virginia Restricted Stock Plan of Guilford Mills, Inc. aims to align employees' interests with the long-term success of the company. It provides a means for employees to share in the growth and performance of Guilford Mills, Inc. by becoming shareholders and potentially benefiting from increases in the company's stock price. Participating in the Fairfax Virginia Restricted Stock Plan offers numerous advantages for employees. Firstly, it provides an additional incentive for employees to stay with the company long-term, as the vesting schedule encourages loyalty and commitment. Additionally, employees have the opportunity to directly benefit from the company's financial success, as the stock grants can provide potential future returns if the stock price increases. Ultimately, the Fairfax Virginia Restricted Stock Plan of Guilford Mills, Inc. serves as a valuable tool for attracting, retaining, and motivating talented individuals by creating a sense of ownership and alignment with the company's goals. It offers employees in Fairfax, Virginia, an opportunity to participate in the company's success and potentially build long-term wealth through stock ownership.