Alabama Stock Appreciation Rights Plan of The Todd-AO Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-403A
• Format: Word; Rich Text

Description

18-403A 18-403A . . . Stock Appreciation Rights Plan which provides for granting of (a) SARs to employees, directors and consultants and (b) limited stock appreciation rights to persons who are subject to Section 16 of Exchange Act. Limited rights have same terms and conditions as SARs except that limited rights are automatically exercised on date established, without any action on part of grantee, which is at least six months after grant of limited right. To extent limited right is exercised, related SAR is canceled and vice versa. The purpose of limited right is to provide grantees who are subject to short swing profit recovery provisions of Exchange Act with benefits associated with exercise of SARs even though exercise occurs outside of "window period" prescribed by SEC The Alabama Stock Appreciation Rights Plan of The Todd-AO Corporation is a comprehensive compensation program implemented by the company to attract and retain top talent, incentivize employee performance, and align their interests with those of the shareholders. This plan offers various types of stock appreciation rights (SARS) to eligible employees, allowing them to benefit from the increase in the company's stock price over a specified period. One type of SAR offered under the Alabama Stock Appreciation Rights Plan is the Full Value SAR. With this type, employees receive a cash payment equal to the difference between the stock price at the time of exercise and the grant price. This grants employees the opportunity to participate in the appreciation of the company's stock without actually owning the shares. Another type is the Phantom SAR, which functions similarly to the Full Value SAR. However, instead of a cash payment, employees receive additional shares of the company's stock equivalent to the appreciation amount. This type of SAR provides employees with a sense of ownership and a direct link to the company's performance. The Performance-Based SAR is a type of SAR that is contingent on achieving specific performance targets or milestones. If these targets are met, employees are eligible to exercise their SARS and enjoy the increase in the company's stock price. This type of SAR aligns employee performance with the company's goals, encouraging a focus on achieving key objectives. The Alabama Stock Appreciation Rights Plan ensures that employees have a vested interest in the success of the company. It encourages long-term commitment and motivates employees to perform at their best, as the value of their SARS is directly tied to the performance of the company's stock over time. Overall, the Alabama Stock Appreciation Rights Plan of The Todd-AO Corporation offers a variety of SARS to eligible employees, providing them with opportunities to benefit from the growth of the company's stock price. This SARS range from Full Value SARS to Phantom SARS and Performance-Based SARS, all designed to incentivize employee performance, promote retention, and align interests between the employees and shareholders of the company.

The Alabama Stock Appreciation Rights Plan of The Todd-AO Corporation is a comprehensive compensation program implemented by the company to attract and retain top talent, incentivize employee performance, and align their interests with those of the shareholders. This plan offers various types of stock appreciation rights (SARS) to eligible employees, allowing them to benefit from the increase in the company's stock price over a specified period. One type of SAR offered under the Alabama Stock Appreciation Rights Plan is the Full Value SAR. With this type, employees receive a cash payment equal to the difference between the stock price at the time of exercise and the grant price. This grants employees the opportunity to participate in the appreciation of the company's stock without actually owning the shares. Another type is the Phantom SAR, which functions similarly to the Full Value SAR. However, instead of a cash payment, employees receive additional shares of the company's stock equivalent to the appreciation amount. This type of SAR provides employees with a sense of ownership and a direct link to the company's performance. The Performance-Based SAR is a type of SAR that is contingent on achieving specific performance targets or milestones. If these targets are met, employees are eligible to exercise their SARS and enjoy the increase in the company's stock price. This type of SAR aligns employee performance with the company's goals, encouraging a focus on achieving key objectives. The Alabama Stock Appreciation Rights Plan ensures that employees have a vested interest in the success of the company. It encourages long-term commitment and motivates employees to perform at their best, as the value of their SARS is directly tied to the performance of the company's stock over time. Overall, the Alabama Stock Appreciation Rights Plan of The Todd-AO Corporation offers a variety of SARS to eligible employees, providing them with opportunities to benefit from the growth of the company's stock price. This SARS range from Full Value SARS to Phantom SARS and Performance-Based SARS, all designed to incentivize employee performance, promote retention, and align interests between the employees and shareholders of the company.