Colorado Share Appreciation Rights Plan with amendment

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-400D
• Format: Word; Rich Text

Description

18-400D 18-400D . . . Share Appreciation Rights Plan under which stock option committee determines to whom units are awarded, number of units to be awarded and terms of such units. On grant date, committee assigns each unit a base value which cannot be less than market value of share of common stock on that date. Each award becomes exercisable with respect to 25% of units awarded on each of first four anniversaries of grant date, provided grantee has been continually employed full-time by corporation or subsidiary. Units may be exercised, to extent vested, at any time until five years after grant date. Upon exercise of vested units, grantee is entitled to receive net appreciation of such units in cash or in shares of common stock, as determined by committee Colorado Share Appreciation Rights Plan (SHARP) is a type of employee benefit plan designed to incentivize and reward employees for their contributions to a company's growth and success. This plan grants employees the right to receive cash or stock appreciation based on the increase in the company's stock price over a predetermined period. SARS are commonly used as a complement to stock options or restricted stock units (RSS) to provide additional incentives to employees. The amendment to the Colorado Share Appreciation Rights Plan refers to any changes or modifications made to the existing plan document. These amendments can be made to accommodate changes in legal or regulatory requirements, address company-specific needs, or reflect any evolving market conditions. Types of Colorado Share Appreciation Rights Plan with amendments may include: 1. Performance-based SARS: In this type of SHARP, the stock appreciation rights are granted to employees based on the achievement of specific performance goals or objectives. These goals may be related to the company's financial performance, individual performance, or other predetermined milestones. Performance-based SARS are designed to align employee interests with the company's strategic objectives and promote a culture of high-performance. 2. Time-based SARS: Time-based SARS vest over a specific period of time, typically ranging from three to five years. The employees are granted the right to receive a cash or stock appreciation once the vesting period is completed, regardless of the company's performance or any specific goals. Time-based SARS are often used as a retention tool to encourage employees to stay with the company for a longer duration. 3. Reload SARS: Reload SARS allow employees to receive additional stock appreciation rights once they exercise their initial SARS. This type of plan is designed to provide ongoing incentives to employees by granting them additional opportunities to benefit from the company's stock price appreciation. Reload SARS are often used to motivate employees and align their interests with the long-term success of the company. 4. Deferred SARS: Deferred SARS allow employees to defer the receipt of their cash or stock appreciation until a later date, typically upon retirement or another specified event. This can provide employees with tax benefits and the flexibility to time the receipt of their rewards according to their individual financial needs. In conclusion, the Colorado Share Appreciation Rights Plan with amendments is a versatile employee benefit plan that offers various types of SARS to align employee interests with company performance, promote retention, and provide additional incentives.

Colorado Share Appreciation Rights Plan (SHARP) is a type of employee benefit plan designed to incentivize and reward employees for their contributions to a company's growth and success. This plan grants employees the right to receive cash or stock appreciation based on the increase in the company's stock price over a predetermined period. SARS are commonly used as a complement to stock options or restricted stock units (RSS) to provide additional incentives to employees. The amendment to the Colorado Share Appreciation Rights Plan refers to any changes or modifications made to the existing plan document. These amendments can be made to accommodate changes in legal or regulatory requirements, address company-specific needs, or reflect any evolving market conditions. Types of Colorado Share Appreciation Rights Plan with amendments may include: 1. Performance-based SARS: In this type of SHARP, the stock appreciation rights are granted to employees based on the achievement of specific performance goals or objectives. These goals may be related to the company's financial performance, individual performance, or other predetermined milestones. Performance-based SARS are designed to align employee interests with the company's strategic objectives and promote a culture of high-performance. 2. Time-based SARS: Time-based SARS vest over a specific period of time, typically ranging from three to five years. The employees are granted the right to receive a cash or stock appreciation once the vesting period is completed, regardless of the company's performance or any specific goals. Time-based SARS are often used as a retention tool to encourage employees to stay with the company for a longer duration. 3. Reload SARS: Reload SARS allow employees to receive additional stock appreciation rights once they exercise their initial SARS. This type of plan is designed to provide ongoing incentives to employees by granting them additional opportunities to benefit from the company's stock price appreciation. Reload SARS are often used to motivate employees and align their interests with the long-term success of the company. 4. Deferred SARS: Deferred SARS allow employees to defer the receipt of their cash or stock appreciation until a later date, typically upon retirement or another specified event. This can provide employees with tax benefits and the flexibility to time the receipt of their rewards according to their individual financial needs. In conclusion, the Colorado Share Appreciation Rights Plan with amendments is a versatile employee benefit plan that offers various types of SARS to align employee interests with company performance, promote retention, and provide additional incentives.