Hawaii 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 Hawaii Stock Appreciation Rights Plan is a type of employee incentive program offered by The Todd-AO Corporation, a prominent company in Hawaii. This plan aims to motivate and retain talented employees by rewarding them with stock appreciation rights (SARS) instead of traditional company stock options. The SARS allow employees to benefit from the increase in the company's stock price over a specified period. This means that when an employee exercises their SARS, they receive the appreciation in the stock's value in cash or company stock, depending on the plan's terms. The Todd-AO Corporation offers various types of Hawaii Stock Appreciation Rights Plans to cater to the diverse needs of their workforce. Here are some of the different types: 1. Standard SAR Plan: This is the most common type of plan where employees are granted a specific number of SARS that vest over time. They can exercise these rights once the vesting period is complete, allowing them to benefit from the stock's appreciation. 2. Performance-Based SAR Plan: This type of plan awards SARS based on the company's performance metrics. Employees receive SARS if they meet or exceed predetermined financial, operational, or individual performance goals. This plan aligns employees' efforts with the company's objectives, further driving success. 3. Restricted Stock Unit (RSU) based SAR Plan: In this type of plan, employees are granted RSS (restricted stock units) that convert into SARS once they vest. RSS act as a performance-based metric, where the number of RSS granted depends on individual or company performance. Once vested, the RSS are converted into SARS, giving employees the opportunity to benefit from stock appreciation. 4. Cash-Settled SAR Plan: Unlike other plans where employees receive company stock, this plan offers cash payments that reflect the increase in stock value. When exercising SARS, employees are paid the difference between the stock price at the grant date and the current price. The Todd-AO Corporation's Hawaii Stock Appreciation Rights Plans aim to provide employees with an opportunity to share in the company's success, aligning their interests with shareholders and fostering a sense of ownership. By offering a range of plans, the company can accommodate various employee preferences and goals. These programs encourage employee retention, engagement, and productivity, ultimately driving the growth of The Todd-AO Corporation in Hawaii.

The Hawaii Stock Appreciation Rights Plan is a type of employee incentive program offered by The Todd-AO Corporation, a prominent company in Hawaii. This plan aims to motivate and retain talented employees by rewarding them with stock appreciation rights (SARS) instead of traditional company stock options. The SARS allow employees to benefit from the increase in the company's stock price over a specified period. This means that when an employee exercises their SARS, they receive the appreciation in the stock's value in cash or company stock, depending on the plan's terms. The Todd-AO Corporation offers various types of Hawaii Stock Appreciation Rights Plans to cater to the diverse needs of their workforce. Here are some of the different types: 1. Standard SAR Plan: This is the most common type of plan where employees are granted a specific number of SARS that vest over time. They can exercise these rights once the vesting period is complete, allowing them to benefit from the stock's appreciation. 2. Performance-Based SAR Plan: This type of plan awards SARS based on the company's performance metrics. Employees receive SARS if they meet or exceed predetermined financial, operational, or individual performance goals. This plan aligns employees' efforts with the company's objectives, further driving success. 3. Restricted Stock Unit (RSU) based SAR Plan: In this type of plan, employees are granted RSS (restricted stock units) that convert into SARS once they vest. RSS act as a performance-based metric, where the number of RSS granted depends on individual or company performance. Once vested, the RSS are converted into SARS, giving employees the opportunity to benefit from stock appreciation. 4. Cash-Settled SAR Plan: Unlike other plans where employees receive company stock, this plan offers cash payments that reflect the increase in stock value. When exercising SARS, employees are paid the difference between the stock price at the grant date and the current price. The Todd-AO Corporation's Hawaii Stock Appreciation Rights Plans aim to provide employees with an opportunity to share in the company's success, aligning their interests with shareholders and fostering a sense of ownership. By offering a range of plans, the company can accommodate various employee preferences and goals. These programs encourage employee retention, engagement, and productivity, ultimately driving the growth of The Todd-AO Corporation in Hawaii.