Illinois 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 Illinois Stock Appreciation Rights Plan of The Todd-AO Corporation is a comprehensive and well-structured employee incentive program. This plan aims to reward and retain talented employees by providing them with the opportunity to participate in the company's financial success. Key Features of the Illinois Stock Appreciation Rights Plan: 1. Eligibility: The Todd-AO Corporation extends this plan to all eligible employees who meet the specified criteria. This includes both full-time and part-time employees, ensuring equal opportunities for all. 2. Stock Appreciation Rights (SARS): The plan offers SARS to the participants. SARS is a form of compensation that provides employees with a cash or stock-based reward, equivalent to the appreciation in the company's stock value over a predetermined period. 3. Vesting Schedule: The Illinois Stock Appreciation Rights Plan follows a vesting schedule, which outlines the period over which employees become entitled to exercise their SARS. This incentivizes long-term commitment and loyalty to the company. 4. Exercise Period: Employees are granted a specific timeframe during which they can exercise their SARS. This provides flexibility for employees to choose the most opportune time to benefit from the appreciation in the company's stock value. 5. Performance-based Rewards: The plan may include performance-based criteria that employees must meet to become eligible for SARS. This ensures that the rewards are aligned with the company's financial performance and motivates employees to contribute to its growth. Types of Illinois Stock Appreciation Rights Plan offered by The Todd-AO Corporation: 1. Standard SARS Plan: The Todd-AO Corporation's standard Illinois Stock Appreciation Rights Plan, as described above, offers employees the opportunity to receive rewards based on the appreciation in the company's stock value. 2. Performance-Based SARS Plan: In addition to the standard plan, The Todd-AO Corporation may implement a performance-based SARS plan. This variant includes specific performance criteria, such as individual or company-wide goals, that employees must achieve to earn SARS. 3. Restricted Stock Appreciation Rights Plan: The company may also offer a restricted stock appreciation rights plan, where employees receive SARS in the form of restricted stock units. These units are subject to certain conditions, such as a vesting period or performance milestones, before being fully owned by the employee. In conclusion, The Todd-AO Corporation's Illinois Stock Appreciation Rights Plan is a beneficial and motivating program designed to reward employees for their dedication and contribution to the company's success. With various types available, employees have the opportunity to participate in the company's growth through SARS, in line with different conditions and performance criteria.

The Illinois Stock Appreciation Rights Plan of The Todd-AO Corporation is a comprehensive and well-structured employee incentive program. This plan aims to reward and retain talented employees by providing them with the opportunity to participate in the company's financial success. Key Features of the Illinois Stock Appreciation Rights Plan: 1. Eligibility: The Todd-AO Corporation extends this plan to all eligible employees who meet the specified criteria. This includes both full-time and part-time employees, ensuring equal opportunities for all. 2. Stock Appreciation Rights (SARS): The plan offers SARS to the participants. SARS is a form of compensation that provides employees with a cash or stock-based reward, equivalent to the appreciation in the company's stock value over a predetermined period. 3. Vesting Schedule: The Illinois Stock Appreciation Rights Plan follows a vesting schedule, which outlines the period over which employees become entitled to exercise their SARS. This incentivizes long-term commitment and loyalty to the company. 4. Exercise Period: Employees are granted a specific timeframe during which they can exercise their SARS. This provides flexibility for employees to choose the most opportune time to benefit from the appreciation in the company's stock value. 5. Performance-based Rewards: The plan may include performance-based criteria that employees must meet to become eligible for SARS. This ensures that the rewards are aligned with the company's financial performance and motivates employees to contribute to its growth. Types of Illinois Stock Appreciation Rights Plan offered by The Todd-AO Corporation: 1. Standard SARS Plan: The Todd-AO Corporation's standard Illinois Stock Appreciation Rights Plan, as described above, offers employees the opportunity to receive rewards based on the appreciation in the company's stock value. 2. Performance-Based SARS Plan: In addition to the standard plan, The Todd-AO Corporation may implement a performance-based SARS plan. This variant includes specific performance criteria, such as individual or company-wide goals, that employees must achieve to earn SARS. 3. Restricted Stock Appreciation Rights Plan: The company may also offer a restricted stock appreciation rights plan, where employees receive SARS in the form of restricted stock units. These units are subject to certain conditions, such as a vesting period or performance milestones, before being fully owned by the employee. In conclusion, The Todd-AO Corporation's Illinois Stock Appreciation Rights Plan is a beneficial and motivating program designed to reward employees for their dedication and contribution to the company's success. With various types available, employees have the opportunity to participate in the company's growth through SARS, in line with different conditions and performance criteria.