Kansas 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 Kansas Stock Appreciation Rights (SARS) Plan of The Todd-AO Corporation is a comprehensive compensation program designed to incentivize and reward employees for their contributions to the company's success. SARS grants are a form of equity compensation that allows employees to benefit from the appreciation in the company's stock value over a specified period of time. The Todd-AO Corporation, a prestigious corporation based in Kansas, offers multiple types of Stock Appreciation Rights Plans to its employees. These plans provide employees the opportunity to share in the company's growth and financial success. Let's explore some key features and types of Kansas Stock Appreciation Rights Plans available at The Todd-AO Corporation. 1. Performance-Based SARS: This type of plan is designed to reward employees based on specific performance targets and goals. It ties the employees' compensation directly to the achievements of the company's key performance indicators. By aligning employee incentives with the organization's objectives, The Todd-AO Corporation encourages a performance-driven culture. 2. Time-Vested SARS: Under this plan, employees are granted SARS that become exercisable and convert into actual company shares over a specified period of time. For example, an employee might be granted 2,000 SARS annually, which become accessible in equal tranches over a four-year period. This plan serves as a retention tool, encouraging employees to commit to the company's long-term goals. 3. Cash-Based SARS: Unlike traditional SARS that provide employees with actual company shares, cash-based SARS offer employees the option to receive the appreciation value in cash rather than stock. This flexibility allows employees to tailor their rewards based on their individual financial needs and preferences. 4. Phantom Stock SARS: This unique type of SARS plan mirrors the stock ownership experience without actually granting the employees any ownership rights. Instead, the employees receive hypothetical units or "phantom stock" that represent the value of a predetermined number of company shares. At a future specified event, such as a change in ownership or an IPO, the employees receive a cash payment based on the appreciation of these phantom stock units. Implementing a Kansas Stock Appreciation Rights Plan rewards and motivates employees by providing them with a stake in the company's success. It aligns the interests of the workforce with the company's long-term growth objectives, fostering a sense of ownership and dedication. Through these diverse SARS plans, The Todd-AO Corporation recognizes the value of its employees' commitment and hard work while promoting a performance-driven culture. These plans serve as a powerful tool to attract, retain, and motivate talented individuals in Kansas and beyond, ultimately contributing to the company's overall success.

The Kansas Stock Appreciation Rights (SARS) Plan of The Todd-AO Corporation is a comprehensive compensation program designed to incentivize and reward employees for their contributions to the company's success. SARS grants are a form of equity compensation that allows employees to benefit from the appreciation in the company's stock value over a specified period of time. The Todd-AO Corporation, a prestigious corporation based in Kansas, offers multiple types of Stock Appreciation Rights Plans to its employees. These plans provide employees the opportunity to share in the company's growth and financial success. Let's explore some key features and types of Kansas Stock Appreciation Rights Plans available at The Todd-AO Corporation. 1. Performance-Based SARS: This type of plan is designed to reward employees based on specific performance targets and goals. It ties the employees' compensation directly to the achievements of the company's key performance indicators. By aligning employee incentives with the organization's objectives, The Todd-AO Corporation encourages a performance-driven culture. 2. Time-Vested SARS: Under this plan, employees are granted SARS that become exercisable and convert into actual company shares over a specified period of time. For example, an employee might be granted 2,000 SARS annually, which become accessible in equal tranches over a four-year period. This plan serves as a retention tool, encouraging employees to commit to the company's long-term goals. 3. Cash-Based SARS: Unlike traditional SARS that provide employees with actual company shares, cash-based SARS offer employees the option to receive the appreciation value in cash rather than stock. This flexibility allows employees to tailor their rewards based on their individual financial needs and preferences. 4. Phantom Stock SARS: This unique type of SARS plan mirrors the stock ownership experience without actually granting the employees any ownership rights. Instead, the employees receive hypothetical units or "phantom stock" that represent the value of a predetermined number of company shares. At a future specified event, such as a change in ownership or an IPO, the employees receive a cash payment based on the appreciation of these phantom stock units. Implementing a Kansas Stock Appreciation Rights Plan rewards and motivates employees by providing them with a stake in the company's success. It aligns the interests of the workforce with the company's long-term growth objectives, fostering a sense of ownership and dedication. Through these diverse SARS plans, The Todd-AO Corporation recognizes the value of its employees' commitment and hard work while promoting a performance-driven culture. These plans serve as a powerful tool to attract, retain, and motivate talented individuals in Kansas and beyond, ultimately contributing to the company's overall success.