Cook Illinois Stock Appreciation Right Plan of Helene Curtis Industries, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Cook
• Control #: US-CC-18-397
• Format: Word; Rich Text

Description

18-397 18-397 . . . Stock Appreciation Rights Plan under which 2,000,000 Rights may be issued to employees. Each Right entitles participant to receive an amount equal to difference between fair market value of a single share of common stock on date of exercise and base price of Right, which may not be less than fair market value of a single share of common stock on date Right was granted The Cook Illinois Stock Appreciation Right Plan, established by Helene Curtis Industries, Inc., is a comprehensive employee compensation scheme that incentivizes and rewards employees for their contributions to the company's growth and success. This plan offers employees an opportunity to benefit from the appreciation in the value of Helene Curtis Industries' stock. Under this plan, employees are granted Stock Appreciation Rights (SARS) that provide them with the potential to earn additional financial compensation linked to the increase in the stock price of Helene Curtis Industries. The SARS are given to eligible employees, allowing them to participate in the company's financial performance without having to directly purchase company stock. The Cook Illinois Stock Appreciation Right Plan offers several types of SARS, which are: 1. Performance SARS: This SARS is granted to employees based on the company's performance against predetermined performance metrics. If the company achieves or surpasses the set goals, employees may be eligible to exercise their SARS and receive a cash payment proportional to the increase in stock price. 2. Time-Vested SARS: This SARS is granted to employees based on their length of service with the company. SARS typically have a vesting period, during which employees must wait before exercising them. Once vested, employees may choose to exercise their SARS and receive a cash payment equivalent to the appreciation in the stock price. 3. Restricted Stock Units (RSS) with SARS: Helene Curtis Industries may also combine SARS with RSS, which are units that represent shares of the company stock. Employees are granted RSS, which will convert into actual company shares at a specified date or upon meeting specific conditions. The SARS associated with RSS enable employees to receive cash compensation equivalent to the stock price appreciation. The Cook Illinois Stock Appreciation Right Plan aims to align employee interests with the company's overall objectives, fostering a sense of ownership and dedication among employees. This incentivizes them to contribute to the company's growth and profitability, ultimately benefiting the shareholders as well. Keywords: Cook Illinois Stock Appreciation Right Plan, Helene Curtis Industries, employee compensation, Stock Appreciation Rights, financial compensation, stock price, performance metrics, performance SARS, time-vested SARS, restricted stock units, employee incentives, employee ownership, dedication, company growth, profitability, shareholder value.

The Cook Illinois Stock Appreciation Right Plan, established by Helene Curtis Industries, Inc., is a comprehensive employee compensation scheme that incentivizes and rewards employees for their contributions to the company's growth and success. This plan offers employees an opportunity to benefit from the appreciation in the value of Helene Curtis Industries' stock. Under this plan, employees are granted Stock Appreciation Rights (SARS) that provide them with the potential to earn additional financial compensation linked to the increase in the stock price of Helene Curtis Industries. The SARS are given to eligible employees, allowing them to participate in the company's financial performance without having to directly purchase company stock. The Cook Illinois Stock Appreciation Right Plan offers several types of SARS, which are: 1. Performance SARS: This SARS is granted to employees based on the company's performance against predetermined performance metrics. If the company achieves or surpasses the set goals, employees may be eligible to exercise their SARS and receive a cash payment proportional to the increase in stock price. 2. Time-Vested SARS: This SARS is granted to employees based on their length of service with the company. SARS typically have a vesting period, during which employees must wait before exercising them. Once vested, employees may choose to exercise their SARS and receive a cash payment equivalent to the appreciation in the stock price. 3. Restricted Stock Units (RSS) with SARS: Helene Curtis Industries may also combine SARS with RSS, which are units that represent shares of the company stock. Employees are granted RSS, which will convert into actual company shares at a specified date or upon meeting specific conditions. The SARS associated with RSS enable employees to receive cash compensation equivalent to the stock price appreciation. The Cook Illinois Stock Appreciation Right Plan aims to align employee interests with the company's overall objectives, fostering a sense of ownership and dedication among employees. This incentivizes them to contribute to the company's growth and profitability, ultimately benefiting the shareholders as well. Keywords: Cook Illinois Stock Appreciation Right Plan, Helene Curtis Industries, employee compensation, Stock Appreciation Rights, financial compensation, stock price, performance metrics, performance SARS, time-vested SARS, restricted stock units, employee incentives, employee ownership, dedication, company growth, profitability, shareholder value.