Louisiana 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 Louisiana Stock Appreciation Rights (SAR) Plan of The Todd-AO Corporation is a type of employee incentive program that allows eligible employees to receive additional compensation based on the appreciation in the company's stock price. This plan is specifically designed for employees working in Louisiana and is governed by the laws and regulations of the state. Under the Louisiana SAR Plan, qualified employees are granted stock options or rights to purchase company stock at a predetermined price, known as the exercise price. These options or rights are awarded as part of the overall compensation package and can serve as a valuable financial incentive for employees to work towards improving the company's financial performance. The Louisiana SAR Plan aims to align the interests of the employees with the company's shareholders by tying their compensation directly to the company's stock price performance. If the stock price appreciates over a designated period, the employees can exercise their SARS and receive the difference between the exercise price and the market price of the stock, either in cash or additional company shares. It is important to note that the Louisiana SAR Plan of The Todd-AO Corporation may have different variations depending on the specific terms and conditions set by the company. Some potential variations or types of SAR plans they might offer include: 1. Performance-Based SARS: This SARS may only be exercised if certain predefined performance goals are met by the company or the employee's department. This ensures that the employees are incentivized to contribute to the overall success and growth of the company. 2. Restricted SARS: In this type of SAR plan, the options or rights are subject to certain conditions or restrictions, such as a vesting period. This means that employees may need to wait for a specific period before they can exercise their SARS, which encourages long-term commitment and loyalty to the company. 3. Cash-settled SARS: Instead of receiving additional company shares upon exercising their SARS, employees may have the option to receive cash settlements based on the difference between the exercise price and the stock's market price. This flexibility allows employees to choose the form of compensation that best suits their individual financial needs. 4. Phantom Stock SARS: In certain cases, the employees may be granted phantom stock units rather than actual company shares. These phantom stock units represent a hypothetical ownership interest in the company and provide similar economic benefits as owning actual shares, including the potential for appreciation in value. Overall, the Louisiana Stock Appreciation Rights Plan of The Todd-AO Corporation is a valuable tool for both attracting and retaining talented employees, as well as aligning their interests with the company's shareholders. It offers employees a chance to share in the company's financial success and motivates them to contribute towards its growth.

The Louisiana Stock Appreciation Rights (SAR) Plan of The Todd-AO Corporation is a type of employee incentive program that allows eligible employees to receive additional compensation based on the appreciation in the company's stock price. This plan is specifically designed for employees working in Louisiana and is governed by the laws and regulations of the state. Under the Louisiana SAR Plan, qualified employees are granted stock options or rights to purchase company stock at a predetermined price, known as the exercise price. These options or rights are awarded as part of the overall compensation package and can serve as a valuable financial incentive for employees to work towards improving the company's financial performance. The Louisiana SAR Plan aims to align the interests of the employees with the company's shareholders by tying their compensation directly to the company's stock price performance. If the stock price appreciates over a designated period, the employees can exercise their SARS and receive the difference between the exercise price and the market price of the stock, either in cash or additional company shares. It is important to note that the Louisiana SAR Plan of The Todd-AO Corporation may have different variations depending on the specific terms and conditions set by the company. Some potential variations or types of SAR plans they might offer include: 1. Performance-Based SARS: This SARS may only be exercised if certain predefined performance goals are met by the company or the employee's department. This ensures that the employees are incentivized to contribute to the overall success and growth of the company. 2. Restricted SARS: In this type of SAR plan, the options or rights are subject to certain conditions or restrictions, such as a vesting period. This means that employees may need to wait for a specific period before they can exercise their SARS, which encourages long-term commitment and loyalty to the company. 3. Cash-settled SARS: Instead of receiving additional company shares upon exercising their SARS, employees may have the option to receive cash settlements based on the difference between the exercise price and the stock's market price. This flexibility allows employees to choose the form of compensation that best suits their individual financial needs. 4. Phantom Stock SARS: In certain cases, the employees may be granted phantom stock units rather than actual company shares. These phantom stock units represent a hypothetical ownership interest in the company and provide similar economic benefits as owning actual shares, including the potential for appreciation in value. Overall, the Louisiana Stock Appreciation Rights Plan of The Todd-AO Corporation is a valuable tool for both attracting and retaining talented employees, as well as aligning their interests with the company's shareholders. It offers employees a chance to share in the company's financial success and motivates them to contribute towards its growth.