Iowa 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 Iowa Stock Appreciation Right Plan is a unique compensation program implemented by Helene Curtis Industries, Inc. to reward its employees for their contributions and encourage long-term commitment and dedication. The plan provides eligible employees with various financial benefits related to the appreciation of the company's stock value, making it an attractive incentive for the workforce. Under the Iowa Stock Appreciation Right Plan, employees are granted certain rights that entitle them to receive cash payments equivalent to the increase in the stock value over a specified period. These rights are known as Stock Appreciation Rights (SARS) and are linked directly to the company's stock performance, giving employees an opportunity to profit from the growth of the organization. By implementing this plan, Helene Curtis Industries aims to align the interests of its employees with the company's shareholders, fostering a sense of ownership and motivating employees to work towards the company's success. This type of incentive plan also helps attract top talent, as it offers a potential financial benefit alongside a competitive salary. There are several types of Iowa Stock Appreciation Right Plans available for employees of Helene Curtis Industries, Inc., each tailored to meet different objectives and serve various employee groups. Some noteworthy variations include: 1. Performance-Based SARS: These plans are designed to reward employees based on the company's performance against specific predetermined goals or benchmarks. If the company achieves or surpasses these targets, employees are eligible for cash payments tied to the stock appreciation. 2. Time-Based SARS: Unlike performance-based SARS, these plans provide employees with rights that vest over a specific time period, regardless of the company's actual performance. This ensures that employees receive a share of the stock's appreciation as long as they remain with the company for the designated duration. 3. Restricted Stock Units (RSS): RSS are another type of stock incentive offered by Helene Curtis Industries. While they differ from SARS, they operate similarly by providing employees with the right to receive company stock or cash equivalent to the stock's value over time. Overall, the Iowa Stock Appreciation Right Plan of Helene Curtis Industries, Inc. serves as a valuable tool to reward and motivate employees, aligning their interests with the company's growth and success. Whether through performance-based or time-based plans, this compensation program creates a sense of ownership among employees and fosters a culture of dedication and hard work for the benefit of both the individual and the organization.

The Iowa Stock Appreciation Right Plan is a unique compensation program implemented by Helene Curtis Industries, Inc. to reward its employees for their contributions and encourage long-term commitment and dedication. The plan provides eligible employees with various financial benefits related to the appreciation of the company's stock value, making it an attractive incentive for the workforce. Under the Iowa Stock Appreciation Right Plan, employees are granted certain rights that entitle them to receive cash payments equivalent to the increase in the stock value over a specified period. These rights are known as Stock Appreciation Rights (SARS) and are linked directly to the company's stock performance, giving employees an opportunity to profit from the growth of the organization. By implementing this plan, Helene Curtis Industries aims to align the interests of its employees with the company's shareholders, fostering a sense of ownership and motivating employees to work towards the company's success. This type of incentive plan also helps attract top talent, as it offers a potential financial benefit alongside a competitive salary. There are several types of Iowa Stock Appreciation Right Plans available for employees of Helene Curtis Industries, Inc., each tailored to meet different objectives and serve various employee groups. Some noteworthy variations include: 1. Performance-Based SARS: These plans are designed to reward employees based on the company's performance against specific predetermined goals or benchmarks. If the company achieves or surpasses these targets, employees are eligible for cash payments tied to the stock appreciation. 2. Time-Based SARS: Unlike performance-based SARS, these plans provide employees with rights that vest over a specific time period, regardless of the company's actual performance. This ensures that employees receive a share of the stock's appreciation as long as they remain with the company for the designated duration. 3. Restricted Stock Units (RSS): RSS are another type of stock incentive offered by Helene Curtis Industries. While they differ from SARS, they operate similarly by providing employees with the right to receive company stock or cash equivalent to the stock's value over time. Overall, the Iowa Stock Appreciation Right Plan of Helene Curtis Industries, Inc. serves as a valuable tool to reward and motivate employees, aligning their interests with the company's growth and success. Whether through performance-based or time-based plans, this compensation program creates a sense of ownership among employees and fosters a culture of dedication and hard work for the benefit of both the individual and the organization.