Maine 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 Maine Stock Appreciation Rights Plan is a compensation program offered by The Todd-AO Corporation, a renowned company in the film and entertainment industry. This plan allows eligible employees to receive additional compensation based on the appreciation or increase in the company's stock value over a specific period. It is designed to align the interests of employees with the company's overall performance and growth. The Maine Stock Appreciation Rights Plan of The Todd-AO Corporation is based on the concept of stock options, where employees are granted a certain number of stock appreciation rights (SARS) instead of actual company shares. This SARS entitles employees to the increase in the company's stock price over a predetermined period. Employees can exercise their SARS and receive the cash equivalent of the appreciation in the stock value. This plan provides employees with a valuable incentive to contribute to the company's success and financial growth. By tying their compensation to the company's stock performance, employees are encouraged to work towards improving the company's market value. It also offers an opportunity for employees to share in the company's financial success without directly owning stock, which may be restricted or less accessible. There may be different types or variations of the Maine Stock Appreciation Rights Plan offered by The Todd-AO Corporation. These could include: 1. Performance-based SARS: This SARS is awarded based on achieving specific performance targets, such as revenue growth, cost reduction, or market share increase. Employees are granted SARS if they contribute to meeting or exceeding these targets, encouraging excellence and driving overall company performance. 2. Time-based SARS: This SARS is granted based on an employee's length of service with the company. The longer an employee has been with the company, the more SARS they may accumulate. This type of SAR plan promotes employee loyalty and retention by rewarding long-term commitment and dedication. 3. Vesting schedule: The Todd-AO Corporation may implement a vesting schedule for the SARS granted to employees. This means that employees can only exercise their SARS after a specific period, typically known as the vesting period. This strategy ensures that employees remain motivated and engaged with the company for an extended period. Overall, the Maine Stock Appreciation Rights Plan of The Todd-AO Corporation is a robust compensation program designed to reward and incentivize employees for their contributions to the company's growth and success. With its various types and features, this plan promotes employee engagement, performance, and retention while aligning their interests with the financial performance of the company.

Maine Stock Appreciation Rights Plan is a compensation program offered by The Todd-AO Corporation, a renowned company in the film and entertainment industry. This plan allows eligible employees to receive additional compensation based on the appreciation or increase in the company's stock value over a specific period. It is designed to align the interests of employees with the company's overall performance and growth. The Maine Stock Appreciation Rights Plan of The Todd-AO Corporation is based on the concept of stock options, where employees are granted a certain number of stock appreciation rights (SARS) instead of actual company shares. This SARS entitles employees to the increase in the company's stock price over a predetermined period. Employees can exercise their SARS and receive the cash equivalent of the appreciation in the stock value. This plan provides employees with a valuable incentive to contribute to the company's success and financial growth. By tying their compensation to the company's stock performance, employees are encouraged to work towards improving the company's market value. It also offers an opportunity for employees to share in the company's financial success without directly owning stock, which may be restricted or less accessible. There may be different types or variations of the Maine Stock Appreciation Rights Plan offered by The Todd-AO Corporation. These could include: 1. Performance-based SARS: This SARS is awarded based on achieving specific performance targets, such as revenue growth, cost reduction, or market share increase. Employees are granted SARS if they contribute to meeting or exceeding these targets, encouraging excellence and driving overall company performance. 2. Time-based SARS: This SARS is granted based on an employee's length of service with the company. The longer an employee has been with the company, the more SARS they may accumulate. This type of SAR plan promotes employee loyalty and retention by rewarding long-term commitment and dedication. 3. Vesting schedule: The Todd-AO Corporation may implement a vesting schedule for the SARS granted to employees. This means that employees can only exercise their SARS after a specific period, typically known as the vesting period. This strategy ensures that employees remain motivated and engaged with the company for an extended period. Overall, the Maine Stock Appreciation Rights Plan of The Todd-AO Corporation is a robust compensation program designed to reward and incentivize employees for their contributions to the company's growth and success. With its various types and features, this plan promotes employee engagement, performance, and retention while aligning their interests with the financial performance of the company.