Connecticut Stock Appreciation Right Plan of Helene Curtis Industries, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• 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 Connecticut Stock Appreciation Right Plan is an employee benefit program offered by Helene Curtis Industries, Inc. Based in the state of Connecticut, this plan provides employees with the opportunity to benefit from the company's stock appreciation over a specified period. The program is designed to incentivize employees and align their interests with the overall success of the company. Under the Connecticut Stock Appreciation Right Plan, eligible employees are granted the right to receive the appreciation in the value of a certain number of shares of Helene Curtis Industries, Inc. stock. This appreciation is calculated by determining the increase in the stock's value from the grant date to the exercise date. Employees are given the flexibility to choose when to exercise their rights, allowing them to maximize their potential gains based on market conditions. One type of the Connecticut Stock Appreciation Right Plan is the Standard Plan, where employees are granted a specific number of stock appreciation rights based on their position, tenure, and performance within the company. These rights vest over a period of time, usually three to five years, providing employees with an incentive to remain with the company and contribute to its long-term growth. Another type is the Performance-Based Plan, which is designed to reward employees based on the achievement of predetermined performance goals. These goals can be financial targets, market share growth, or other key performance indicators relevant to Helene Curtis Industries, Inc.'s success. If the company achieves these goals within a certain time frame, employees are eligible to exercise their stock appreciation rights and benefit from the resultant stock price appreciation. The Connecticut Stock Appreciation Right Plan serves as a valuable component of Helene Curtis Industries, Inc.'s overall compensation and benefits package. By offering employees the opportunity to share in the company's success, it helps attract and retain top talent, encourage long-term loyalty, and create a sense of ownership among employees. Overall, the Connecticut Stock Appreciation Right Plan reflects Helene Curtis Industries, Inc.'s commitment to recognizing and rewarding employee contributions, fostering a culture of performance, and driving the company's growth and financial success.

Connecticut Stock Appreciation Right Plan is an employee benefit program offered by Helene Curtis Industries, Inc. Based in the state of Connecticut, this plan provides employees with the opportunity to benefit from the company's stock appreciation over a specified period. The program is designed to incentivize employees and align their interests with the overall success of the company. Under the Connecticut Stock Appreciation Right Plan, eligible employees are granted the right to receive the appreciation in the value of a certain number of shares of Helene Curtis Industries, Inc. stock. This appreciation is calculated by determining the increase in the stock's value from the grant date to the exercise date. Employees are given the flexibility to choose when to exercise their rights, allowing them to maximize their potential gains based on market conditions. One type of the Connecticut Stock Appreciation Right Plan is the Standard Plan, where employees are granted a specific number of stock appreciation rights based on their position, tenure, and performance within the company. These rights vest over a period of time, usually three to five years, providing employees with an incentive to remain with the company and contribute to its long-term growth. Another type is the Performance-Based Plan, which is designed to reward employees based on the achievement of predetermined performance goals. These goals can be financial targets, market share growth, or other key performance indicators relevant to Helene Curtis Industries, Inc.'s success. If the company achieves these goals within a certain time frame, employees are eligible to exercise their stock appreciation rights and benefit from the resultant stock price appreciation. The Connecticut Stock Appreciation Right Plan serves as a valuable component of Helene Curtis Industries, Inc.'s overall compensation and benefits package. By offering employees the opportunity to share in the company's success, it helps attract and retain top talent, encourage long-term loyalty, and create a sense of ownership among employees. Overall, the Connecticut Stock Appreciation Right Plan reflects Helene Curtis Industries, Inc.'s commitment to recognizing and rewarding employee contributions, fostering a culture of performance, and driving the company's growth and financial success.