Pima Arizona Restricted Stock Plan of Guilford Mills, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Pima
• 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 Lima Arizona Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive employee benefit program that focuses on providing restricted stock options to eligible employees at Guilford Mills, Inc. in Lima, Arizona. This plan offers various types of restricted stock options to the qualified employees, providing them with an opportunity to acquire company stock while enjoying certain restrictions and limitations. One of the key types of restricted stock options under the Lima Arizona Restricted Stock Plan is the traditional time-based vesting plan. This plan involves the granting of company stock to eligible employees, which vest over a specific period of time. The employees must remain employed by Guilford Mills, Inc. during the vesting period to fully own the granted stock. This type of plan aims to promote employee loyalty and commitment, as the longer an employee stays with the company, the more valuable their stock becomes. Another type of restricted stock option offered by the Lima Arizona Restricted Stock Plan is the performance-based vesting plan. This plan rewards employees based on their individual or company-wide performance goals. The attainment of these objectives determines the number of restricted stock units that will vest for each employee. It aligns employee incentives with overall company performance, encouraging employees to contribute towards achieving corporate objectives. The Lima Arizona Restricted Stock Plan of Guilford Mills, Inc. also includes a cliff vesting option. This option allows employees to become fully vested in their restricted stock units after a specific period, typically one to three years. If an employee remains with the company until the cliff vesting period is complete, they will receive the full benefit of the granted stock. However, if they leave the company before the cliff vesting period, they may forfeit the rights to any invested stock units. The plan provides employees with an opportunity to become partial owners of Guilford Mills, Inc., promoting employee engagement and a sense of ownership in the company's success. Participants can secure their financial future by capitalizing on potential stock price appreciation. Moreover, as Guilford Mills, Inc. is a prominent player in the textile industry, the stock options may present appealing long-term growth prospects. It is important for employees to understand the specifics of the Lima Arizona Restricted Stock Plan, including the vesting terms, taxation implications, and potential risks associated with stock ownership. Guilford Mills, Inc. provides detailed information and resources to eligible employees, ensuring they make informed decisions regarding their participation in the plan.

The Lima Arizona Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive employee benefit program that focuses on providing restricted stock options to eligible employees at Guilford Mills, Inc. in Lima, Arizona. This plan offers various types of restricted stock options to the qualified employees, providing them with an opportunity to acquire company stock while enjoying certain restrictions and limitations. One of the key types of restricted stock options under the Lima Arizona Restricted Stock Plan is the traditional time-based vesting plan. This plan involves the granting of company stock to eligible employees, which vest over a specific period of time. The employees must remain employed by Guilford Mills, Inc. during the vesting period to fully own the granted stock. This type of plan aims to promote employee loyalty and commitment, as the longer an employee stays with the company, the more valuable their stock becomes. Another type of restricted stock option offered by the Lima Arizona Restricted Stock Plan is the performance-based vesting plan. This plan rewards employees based on their individual or company-wide performance goals. The attainment of these objectives determines the number of restricted stock units that will vest for each employee. It aligns employee incentives with overall company performance, encouraging employees to contribute towards achieving corporate objectives. The Lima Arizona Restricted Stock Plan of Guilford Mills, Inc. also includes a cliff vesting option. This option allows employees to become fully vested in their restricted stock units after a specific period, typically one to three years. If an employee remains with the company until the cliff vesting period is complete, they will receive the full benefit of the granted stock. However, if they leave the company before the cliff vesting period, they may forfeit the rights to any invested stock units. The plan provides employees with an opportunity to become partial owners of Guilford Mills, Inc., promoting employee engagement and a sense of ownership in the company's success. Participants can secure their financial future by capitalizing on potential stock price appreciation. Moreover, as Guilford Mills, Inc. is a prominent player in the textile industry, the stock options may present appealing long-term growth prospects. It is important for employees to understand the specifics of the Lima Arizona Restricted Stock Plan, including the vesting terms, taxation implications, and potential risks associated with stock ownership. Guilford Mills, Inc. provides detailed information and resources to eligible employees, ensuring they make informed decisions regarding their participation in the plan.