Florida 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 The Florida Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a compensation program designed to reward employees based on the appreciation of the company's stock. This plan is specific to the state of Florida and is offered by Helene Curtis Industries, Inc. — a company operating in various industries such as personal care, beauty products, and cosmetics. The Florida Stock Appreciation Right Plan allows employees to benefit from the growth of Helene Curtis Industries, Inc. by granting them the right to receive stock appreciation rights (SARS). SARS is a form of employee incentive that provides individuals with the opportunity to gain a financial benefit equivalent to the increase in the company's stock price over a specified period. By offering SARS, Helene Curtis Industries, Inc. aims to align the interests of its employees with the company's overall success. This plan motivates employees to work towards the growth and prosperity of the organization, as they directly benefit from the appreciation in the stock value. The Florida Stock Appreciation Right Plan of Helene Curtis Industries, Inc. consists of various types or tiers, each with its own eligibility criteria and associated benefits. These may include: 1. Senior Management Tier: This tier is typically reserved for top-level executives and key management personnel. Eligible employees at this level may receive a higher number of SARS and potentially additional benefits such as cash bonuses or stock options. 2. Middle Management Tier: Mid-level managers and supervisors may fall under this tier. They may receive a moderate number of SARS based on their performance and contribution to the company's growth. 3. Employee Tier: Regular full-time and part-time employees who meet certain tenure or performance criteria may be eligible for this tier. Employees in this tier may receive a smaller number of SARS, but it still provides them an opportunity to benefit from the company's stock appreciation. 4. Vesting Periods: The Florida Stock Appreciation Right Plan may include vesting periods, during which employees must remain with the company to receive the full benefits of the SARS granted. Vesting periods can vary depending on the employee's position, tenure, and level within the organization. 5. Exercise Price: SARS are typically granted with an exercise price, which is the price at which the employee can convert their SARS into actual shares of the company's stock. The exercise price is generally determined as the fair market value of the stock on the date of grant. The Florida Stock Appreciation Right Plan of Helene Curtis Industries, Inc. serves as a valuable tool in attracting, retaining, and motivating talented employees by offering them an opportunity to share in the company's growth and success. It encourages a performance-driven culture, aligns employee interests with shareholder value, and contributes to the overall organizational objectives.

The Florida Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a compensation program designed to reward employees based on the appreciation of the company's stock. This plan is specific to the state of Florida and is offered by Helene Curtis Industries, Inc. — a company operating in various industries such as personal care, beauty products, and cosmetics. The Florida Stock Appreciation Right Plan allows employees to benefit from the growth of Helene Curtis Industries, Inc. by granting them the right to receive stock appreciation rights (SARS). SARS is a form of employee incentive that provides individuals with the opportunity to gain a financial benefit equivalent to the increase in the company's stock price over a specified period. By offering SARS, Helene Curtis Industries, Inc. aims to align the interests of its employees with the company's overall success. This plan motivates employees to work towards the growth and prosperity of the organization, as they directly benefit from the appreciation in the stock value. The Florida Stock Appreciation Right Plan of Helene Curtis Industries, Inc. consists of various types or tiers, each with its own eligibility criteria and associated benefits. These may include: 1. Senior Management Tier: This tier is typically reserved for top-level executives and key management personnel. Eligible employees at this level may receive a higher number of SARS and potentially additional benefits such as cash bonuses or stock options. 2. Middle Management Tier: Mid-level managers and supervisors may fall under this tier. They may receive a moderate number of SARS based on their performance and contribution to the company's growth. 3. Employee Tier: Regular full-time and part-time employees who meet certain tenure or performance criteria may be eligible for this tier. Employees in this tier may receive a smaller number of SARS, but it still provides them an opportunity to benefit from the company's stock appreciation. 4. Vesting Periods: The Florida Stock Appreciation Right Plan may include vesting periods, during which employees must remain with the company to receive the full benefits of the SARS granted. Vesting periods can vary depending on the employee's position, tenure, and level within the organization. 5. Exercise Price: SARS are typically granted with an exercise price, which is the price at which the employee can convert their SARS into actual shares of the company's stock. The exercise price is generally determined as the fair market value of the stock on the date of grant. The Florida Stock Appreciation Right Plan of Helene Curtis Industries, Inc. serves as a valuable tool in attracting, retaining, and motivating talented employees by offering them an opportunity to share in the company's growth and success. It encourages a performance-driven culture, aligns employee interests with shareholder value, and contributes to the overall organizational objectives.