Fulton Georgia Restricted Stock Plan of Guilford Mills, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Fulton
• 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 Fulton Georgia Restricted Stock Plan is a corporate stock ownership program offered by Guilford Mills, Inc., a renowned textile manufacturer. It provides eligible employees in Fulton, Georgia, with an opportunity to acquire and own company stock within certain restrictions and conditions. This plan aims to align the interests of employees with the company's long-term success, fostering a sense of ownership and encouraging commitment to achieve corporate goals. Guilford Mills, Inc. offers different types of Fulton Georgia Restricted Stock Plans to cater to various employee groups and tenure within the organization. Some common types may include: 1. Employee Stock Option Plan (ESOP): This plan allows eligible employees to purchase a specific number of company shares at a predetermined exercise price within a specified period. The exercise price is usually set at the current market value of the stock at the time of grant. 2. Restricted Stock Units (RSS): RSS are grants of company stock that are subject to vesting restrictions and forfeitable if certain conditions are not met. Employees receive RSS as part of their compensation package, and the stock becomes fully owned by the employee upon vesting. 3. Performance Share Units (Plus): Plus are similar to RSS but are granted based on predetermined performance goals set by the company. These goals may include financial targets, operational metrics, or individual key performance indicators. If the performance goals are achieved, the employee receives the granted shares. 4. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to receive cash or stock equal to the appreciation in the company's stock value over a certain period. Unlike stock options, SARS do not require an initial investment from employees. 5. Restricted Stock Awards (SAS): SAS are outright grants of company stock that are subject to certain vesting conditions, often based on time or performance-related milestones. Once the conditions are met, the employee fully owns the granted stock. These various types of Fulton Georgia Restricted Stock Plans offered by Guilford Mills, Inc. serve to incentivize and reward employees, foster loyalty, and align their interests with the company's growth and success. Eligible employees should carefully review the details and specifications of the specific plan they are enrolled in to make informed decisions regarding their stock ownership.

Fulton Georgia Restricted Stock Plan is a corporate stock ownership program offered by Guilford Mills, Inc., a renowned textile manufacturer. It provides eligible employees in Fulton, Georgia, with an opportunity to acquire and own company stock within certain restrictions and conditions. This plan aims to align the interests of employees with the company's long-term success, fostering a sense of ownership and encouraging commitment to achieve corporate goals. Guilford Mills, Inc. offers different types of Fulton Georgia Restricted Stock Plans to cater to various employee groups and tenure within the organization. Some common types may include: 1. Employee Stock Option Plan (ESOP): This plan allows eligible employees to purchase a specific number of company shares at a predetermined exercise price within a specified period. The exercise price is usually set at the current market value of the stock at the time of grant. 2. Restricted Stock Units (RSS): RSS are grants of company stock that are subject to vesting restrictions and forfeitable if certain conditions are not met. Employees receive RSS as part of their compensation package, and the stock becomes fully owned by the employee upon vesting. 3. Performance Share Units (Plus): Plus are similar to RSS but are granted based on predetermined performance goals set by the company. These goals may include financial targets, operational metrics, or individual key performance indicators. If the performance goals are achieved, the employee receives the granted shares. 4. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to receive cash or stock equal to the appreciation in the company's stock value over a certain period. Unlike stock options, SARS do not require an initial investment from employees. 5. Restricted Stock Awards (SAS): SAS are outright grants of company stock that are subject to certain vesting conditions, often based on time or performance-related milestones. Once the conditions are met, the employee fully owns the granted stock. These various types of Fulton Georgia Restricted Stock Plans offered by Guilford Mills, Inc. serve to incentivize and reward employees, foster loyalty, and align their interests with the company's growth and success. Eligible employees should carefully review the details and specifications of the specific plan they are enrolled in to make informed decisions regarding their stock ownership.