Maryland 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 Maryland Stock Appreciation Rights Plan offered by The Todd-AO Corporation is a comprehensive compensation program designed to attract and retain talented employees by providing them with an opportunity to share in the company's success. This plan empowers employees to acquire stock appreciation rights (SARS) granted by the corporation, which enable them to profit from the appreciation in the company's stock price. Under the Maryland Stock Appreciation Rights Plan, employees are awarded SARS as an additional form of compensation alongside their regular salaries. This SARS provides employees with the right to receive cash payments equivalent to the difference between the stock's fair market value at the time of exercise and the grant price. The grant price is often set at the stock's fair market value at the date of the grant. One of the key advantages of the Maryland Stock Appreciation Rights Plan is that it aligns the interests of employees with those of the corporation and its shareholders. By tying compensation to the company's stock performance, the plan encourages employees to work towards improving the corporation's financial performance and overall shareholder value. This stock appreciation rights plan by The Todd-AO Corporation offers various types of SARS, depending on the individual's position, tenure, and level of responsibility within the company. These may include: 1. Performance-Based SARS: This SARS is granted based on predefined performance metrics and targets, such as revenue growth, profitability, or market share. By linking the rewards to the achievement of specific goals, the corporation incentivizes employees to contribute to the company's success. 2. Time-Vested SARS: This SARS become vested over a specific period, such as three to five years, and provide employees with the right to exercise the SARS once vested. This encourages employees to stay with the company for a sustained period, promoting loyalty and commitment. 3. Performance and Time-Based SARS: This type of SAR combines both performance-based and time-based vesting criteria. Employees must not only meet specific performance targets but also remain with the company for a certain period to exercise their SARS. This dual requirement ensures that employees contribute to the company's growth while promoting long-term retention. The Maryland Stock Appreciation Rights Plan of The Todd-AO Corporation contains provisions to protect employees' rights and interests, including provisions related to vesting, exercise periods, and taxation of gains realized from the SARS. It is essential for employees participating in this plan to carefully review the plan documents to fully understand the terms and conditions associated with their SARS. Overall, The Todd-AO Corporation's Maryland Stock Appreciation Rights Plan provides employees with a valuable opportunity to share in the company's success and aligns their interests with those of the corporation. By offering different types of SARS, the plan recognizes the diversity of employee roles and contributions within the organization.

The Maryland Stock Appreciation Rights Plan offered by The Todd-AO Corporation is a comprehensive compensation program designed to attract and retain talented employees by providing them with an opportunity to share in the company's success. This plan empowers employees to acquire stock appreciation rights (SARS) granted by the corporation, which enable them to profit from the appreciation in the company's stock price. Under the Maryland Stock Appreciation Rights Plan, employees are awarded SARS as an additional form of compensation alongside their regular salaries. This SARS provides employees with the right to receive cash payments equivalent to the difference between the stock's fair market value at the time of exercise and the grant price. The grant price is often set at the stock's fair market value at the date of the grant. One of the key advantages of the Maryland Stock Appreciation Rights Plan is that it aligns the interests of employees with those of the corporation and its shareholders. By tying compensation to the company's stock performance, the plan encourages employees to work towards improving the corporation's financial performance and overall shareholder value. This stock appreciation rights plan by The Todd-AO Corporation offers various types of SARS, depending on the individual's position, tenure, and level of responsibility within the company. These may include: 1. Performance-Based SARS: This SARS is granted based on predefined performance metrics and targets, such as revenue growth, profitability, or market share. By linking the rewards to the achievement of specific goals, the corporation incentivizes employees to contribute to the company's success. 2. Time-Vested SARS: This SARS become vested over a specific period, such as three to five years, and provide employees with the right to exercise the SARS once vested. This encourages employees to stay with the company for a sustained period, promoting loyalty and commitment. 3. Performance and Time-Based SARS: This type of SAR combines both performance-based and time-based vesting criteria. Employees must not only meet specific performance targets but also remain with the company for a certain period to exercise their SARS. This dual requirement ensures that employees contribute to the company's growth while promoting long-term retention. The Maryland Stock Appreciation Rights Plan of The Todd-AO Corporation contains provisions to protect employees' rights and interests, including provisions related to vesting, exercise periods, and taxation of gains realized from the SARS. It is essential for employees participating in this plan to carefully review the plan documents to fully understand the terms and conditions associated with their SARS. Overall, The Todd-AO Corporation's Maryland Stock Appreciation Rights Plan provides employees with a valuable opportunity to share in the company's success and aligns their interests with those of the corporation. By offering different types of SARS, the plan recognizes the diversity of employee roles and contributions within the organization.