Maryland Proposal to Approve Material Terms of Stock Appreciation Right Plan A Maryland Proposal to Approve Material Terms of Stock Appreciation Right Plan is a document presented to shareholders of a Maryland corporation proposing the adoption or amendment of a stock appreciation right (SAR) plan. SAR plans are a type of equity compensation plan that grants employees the right to receive cash or stock equal to the appreciation in value of a specific number of company shares over a specific period. The purpose of a Maryland Proposal to Approve Material Terms of Stock Appreciation Right Plan is to seek approval from shareholders for the adoption or amendment of the plan, which requires a majority vote in favor. The proposal outlines the material terms of the plan, including the eligibility requirements for participants, the duration of the plan, and the method of determining the SAR price. The Maryland Proposal to Approve Material Terms of Stock Appreciation Right Plan must include all relevant details to ensure shareholders can make an informed decision. It should specify the types of awards that may be granted under the plan, such as SARS or performance-based stock units (Plus). Additionally, it should outline the vesting schedule for the awards, any conditions for excitability, and the maximum number of shares available for issuance. The proposal should also address the treatment of SARS in the event of a change in control, termination of employment, or other corporate events. It may include provisions for accelerated vesting or cash settlement upon certain triggering events. Key terms and phrases relevant to a Maryland Proposal to Approve Material Terms of Stock Appreciation Right Plan include: 1. Stock Appreciation Right Plan 2. Equity Compensation Plan 3. Maryland Corporation 4. Shareholders 5. Adoption or Amendment 6. Stock Appreciation Right (SAR) 7. Cash or Stock Settlement 8. Eligibility Requirements 9. Duration of the Plan 10. SAR Price Determination 11. SAR Awards 12. Performance-Based Stock Units (Plus) 13. Vesting Schedule 14. Excitability Conditions 15. Maximum Number of Shares 16. Change in Control 17. Termination of Employment 18. Corporate Events 19. Accelerated Vesting 20. Cash Settlement. Different types of Maryland Proposals to Approve Material Terms of Stock Appreciation Right Plans can include initial plan adoption, plan amendments, or preapproval of existing plans with material changes. Each type may require specific explanations and justifications to obtain shareholder approval. In summary, a Maryland Proposal to Approve Material Terms of Stock Appreciation Right Plan is a crucial document for Maryland corporations seeking to establish or modify a stock appreciation right plan. By describing the details and terms of the plan, it enables shareholders to make informed decisions regarding equity compensation for employees and align the interests of employees and stakeholders.