Suffolk New York Restricted Stock Plan of Guilford Mills, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Suffolk
• 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 Suffolk New York Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive employee benefit program that offers certain employees the opportunity to acquire company stock. This plan is specific to Guilford Mills, a manufacturing company located in Suffolk County, New York. Under the Suffolk New York Restricted Stock Plan, eligible employees are granted restricted stock units (RSS) as part of their compensation package. RSS is a form of company stock that are subject to certain restrictions and vesting schedules. The plan is designed to align employees' interests with the company's long-term growth and success. The RSS awarded to employees represent the right to receive a specified number of shares of Guilford Mills' common stock at a future date. However, these shares are subject to various restrictions and conditions before they can be fully owned by the employee. One of the main benefits of the Suffolk New York Restricted Stock Plan is that it allows employees to become shareholders and participate in the company's financial performance. As a shareholder, employees may be entitled to receive dividends and exercise voting rights on company matters. The plan also aims to incentivize employees to remain with Guilford Mills by utilizing vesting schedules. This means that RSS granted to employees will typically vest over a certain period of time, encouraging long-term commitment and loyalty to the company. It's important to note that there may be different types of Suffolk New York Restricted Stock Plans offered by Guilford Mills, Inc. These variations can include incentive stock options (SOS), non-qualified stock options (SOS), and performance-based stock grants. Each type of plan may have specific terms and conditions that employees must adhere to in order to receive and retain the stock awards. Overall, the Suffolk New York Restricted Stock Plan of Guilford Mills, Inc. is a valuable employee benefit that seeks to align the interests of employees and shareholders, incentivize long-term commitment, and promote the company's growth and success.

The Suffolk New York Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive employee benefit program that offers certain employees the opportunity to acquire company stock. This plan is specific to Guilford Mills, a manufacturing company located in Suffolk County, New York. Under the Suffolk New York Restricted Stock Plan, eligible employees are granted restricted stock units (RSS) as part of their compensation package. RSS is a form of company stock that are subject to certain restrictions and vesting schedules. The plan is designed to align employees' interests with the company's long-term growth and success. The RSS awarded to employees represent the right to receive a specified number of shares of Guilford Mills' common stock at a future date. However, these shares are subject to various restrictions and conditions before they can be fully owned by the employee. One of the main benefits of the Suffolk New York Restricted Stock Plan is that it allows employees to become shareholders and participate in the company's financial performance. As a shareholder, employees may be entitled to receive dividends and exercise voting rights on company matters. The plan also aims to incentivize employees to remain with Guilford Mills by utilizing vesting schedules. This means that RSS granted to employees will typically vest over a certain period of time, encouraging long-term commitment and loyalty to the company. It's important to note that there may be different types of Suffolk New York Restricted Stock Plans offered by Guilford Mills, Inc. These variations can include incentive stock options (SOS), non-qualified stock options (SOS), and performance-based stock grants. Each type of plan may have specific terms and conditions that employees must adhere to in order to receive and retain the stock awards. Overall, the Suffolk New York Restricted Stock Plan of Guilford Mills, Inc. is a valuable employee benefit that seeks to align the interests of employees and shareholders, incentivize long-term commitment, and promote the company's growth and success.