The Maryland Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a compensation program aimed at incentivizing and rewarding employees for their contributions to the company's growth and success. This plan offers employees the opportunity to receive stock appreciation rights (SARS) as a form of compensation. SARS is a type of equity-based incentive that allows employees to receive the appreciation in the company's stock value over a specified period. The Maryland Stock Appreciation Right Plan of Helene Curtis Industries, Inc. has several types of SARS based on different criteria or factors. These variations are designed to provide flexibility and tailor the plan to meet the needs of different groups of employees within the organization. Here are some key types of SARS that may exist under this plan: 1. Performance-based SARS: This SARS is granted based on the achievement of certain performance goals or targets established by the company. Employees who contribute significantly towards meeting or exceeding these targets may be eligible to receive this type of SARS. 2. Long-term SARS: Long-term SARS are granted with an extended vesting period, typically ranging from several years to a decade. This SARS encourages employees to remain committed to the company's growth and performance over the long term. 3. Time-based SARS: Time-based SARS are granted solely based on an employee's continuous service to the company. The longer an employee remains with the organization, the greater the number of SARS they may receive. 4. Executive SARS: Helene Curtis Industries, Inc. may also have a specific type of SARS designed exclusively for executives or top-level employees. Executives typically receive a higher number of SARS due to their significant impact on the company's strategic decisions and overall performance. 5. Restricted SARS: Restricted SARS are subject to certain restrictions or conditions that must be met for employees to fully benefit from them. These conditions may include meeting specific performance targets, remaining employed with the company for a certain period, or achieving predetermined milestones. Overall, the Maryland Stock Appreciation Right Plan of Helene Curtis Industries, Inc. offers various types of SARS to motivate and reward employees for their valuable contributions. By aligning employee compensation with the company's stock performance, this plan aims to foster a sense of ownership and encourage employees to work towards the company's long-term success.
Maryland Stock Appreciation Right Plan of Helene Curtis Industries, Inc.
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In February 1996, Helene Curtis agreed to be acquired by Unilever for about $770 million. In contract law, the company is known for the 1963 case Helene Curtis Industries, Inc. v.
Helene Curtis, which was controlled by the Gidwitz family until it was sold to Unilever for $910 million in 1996, has been manufacturing at the 92-year-old facility since the late 1940s, ing to a Unilever spokesman.
The company continued to grow, manufacturing products as varied as deodorant to skin creams, until 1996 when Helene Curtis was acquired by Unilever for $770 million.