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
The Georgia Share Appreciation Rights Plan, with amendment, is a compensation program designed to reward eligible employees for their contributions to the growth and success of a company based in Georgia. Share Appreciation Rights (SARS) are a form of equity compensation that offer employees the opportunity to receive cash or stock-based benefits, based on the increase in the price of the company's shares over a specified period. The amendment to the Georgia Share Appreciation Rights Plan introduces certain changes and updates to the original program, enhancing its effectiveness and aligning it with the current market conditions. The specific details of the amendment may vary depending on the company, but generally, it aims to provide more attractive incentives to employees and improve the overall functionality of the plan. The Georgia Share Appreciation Rights Plan with amendment may come in different types, based on the intricacies of the company's policies and objectives. Some common variations include: 1. Performance-Based SARS: This type of plan grants SARS to employees based on predefined performance metrics, such as meeting individual or company-wide targets. The amendment may include adjustments to these criteria to ensure they remain fair and reflective of the company's current goals. 2. Time-Vested SARS: In this type of plan, SARS are granted to employees and become exercisable over a specific period, usually subject to continued employment. The amendment may introduce changes to the vesting schedule, accelerating or decelerating the timeframe for SARS to become eligible for exercise. 3. Restricted SARS: Restricted SARS have certain conditions or restrictions attached to them, such as a requirement to achieve specific business milestones or reaching a certain period of employment. The amendment may modify these conditions to adapt to the company's evolving needs. 4. Cash-Settled SARS: With cash-settled SARS, employees receive the appreciation in the value of the company's shares in cash, rather than stock. The amendment might address the calculation and payment methods to ensure accuracy and fairness in the distribution of benefits. It is crucial for companies to consult legal and financial professionals when implementing the Georgia Share Appreciation Rights Plan with amendment, to ensure compliance with all relevant laws and regulations. By tailoring the plan to fit the specific needs and goals of the company, employees can be incentivized to contribute their best efforts, fostering a motivated and engaged workforce.
The Georgia Share Appreciation Rights Plan, with amendment, is a compensation program designed to reward eligible employees for their contributions to the growth and success of a company based in Georgia. Share Appreciation Rights (SARS) are a form of equity compensation that offer employees the opportunity to receive cash or stock-based benefits, based on the increase in the price of the company's shares over a specified period. The amendment to the Georgia Share Appreciation Rights Plan introduces certain changes and updates to the original program, enhancing its effectiveness and aligning it with the current market conditions. The specific details of the amendment may vary depending on the company, but generally, it aims to provide more attractive incentives to employees and improve the overall functionality of the plan. The Georgia Share Appreciation Rights Plan with amendment may come in different types, based on the intricacies of the company's policies and objectives. Some common variations include: 1. Performance-Based SARS: This type of plan grants SARS to employees based on predefined performance metrics, such as meeting individual or company-wide targets. The amendment may include adjustments to these criteria to ensure they remain fair and reflective of the company's current goals. 2. Time-Vested SARS: In this type of plan, SARS are granted to employees and become exercisable over a specific period, usually subject to continued employment. The amendment may introduce changes to the vesting schedule, accelerating or decelerating the timeframe for SARS to become eligible for exercise. 3. Restricted SARS: Restricted SARS have certain conditions or restrictions attached to them, such as a requirement to achieve specific business milestones or reaching a certain period of employment. The amendment may modify these conditions to adapt to the company's evolving needs. 4. Cash-Settled SARS: With cash-settled SARS, employees receive the appreciation in the value of the company's shares in cash, rather than stock. The amendment might address the calculation and payment methods to ensure accuracy and fairness in the distribution of benefits. It is crucial for companies to consult legal and financial professionals when implementing the Georgia Share Appreciation Rights Plan with amendment, to ensure compliance with all relevant laws and regulations. By tailoring the plan to fit the specific needs and goals of the company, employees can be incentivized to contribute their best efforts, fostering a motivated and engaged workforce.