The Michigan Stock Appreciation Right Plan is a compensation program implemented by Helene Curtis Industries, Inc., a leading company in the beauty and personal care industry. This plan allows employees of the company to receive stock appreciation rights (SARS) as a form of incentive and reward for their performance and dedication. Under the Michigan Stock Appreciation Right Plan, eligible employees are granted the opportunity to earn additional compensation based on the appreciation in the value of the company's stock. This means that if the stock price increases over a specified period, the employees who have received SARS will have the right to receive a cash payout equal to the difference between the grant price and the market price of the stock. This arrangement creates a direct link between the success of the company and the financial reward received by its employees. There are different types of SARS that can be part of the Michigan Stock Appreciation Right Plan. Some common types include: 1. Tandem SARS: This type of SAR is granted alongside employee stock options. Tandem SARS provide employees with the opportunity to choose between exercising their stock options or SARS, depending on which option yields a higher financial benefit. 2. Reload SARS: In this variation of SARS, when an employee exercises their SARS, additional SARS are granted to replenish the ones that were exercised. This helps to ensure that employees continually have opportunities to benefit from the company's stock appreciation. 3. Full Value SARS: Full Value SARS provide employees with a cash payout that is equivalent to the appreciation in the value of the company's stock over a specified period. This allows employees to capture the full value of the stock appreciation without needing to purchase company shares. The Michigan Stock Appreciation Right Plan is aimed at attracting, retaining, and motivating talented professionals, as it provides them with a direct stake in the company's success. By offering a financial incentive that is tied to the performance of the company's stock, Helene Curtis Industries, Inc. can align the interests of its employees with the long-term growth and profitability of the organization. Keywords: Michigan Stock Appreciation Right Plan, Helene Curtis Industries, Inc., SARS, compensation, incentive, employee stock options, cash payout, grant price, market price, tandem SARS, reload SARS, full value SARS, talent retention, motivation, long-term growth, profitability.
Michigan Stock Appreciation Right Plan of Helene Curtis Industries, Inc.
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The rights are valued once, divided evenly over the vesting period and marked as rights paid in capital. For example, a company that issues $5,000 in rights with a five-year vesting period would debit compensation expense for $1,000 and credit rights paid in capital for $1,000 once a year for five years.
A Stock Appreciation Right (SAR) is an award which provides the holder with the ability to profit from the appreciation in value of a set number of shares of company stock over a set period of time.
The rights are valued once, divided evenly over the vesting period and marked as rights paid in capital. For example, a company that issues $5,000 in rights with a five-year vesting period would debit compensation expense for $1,000 and credit rights paid in capital for $1,000 once a year for five years.
Stock Appreciation Right (SAR) entitles an employee, who is a shareholder in a company, to a cash payment proportionate to the appreciation of stock traded on a public exchange market. SAR programs provide companies with the flexibility to structure the compensation scheme in a way that suits their beneficiaries.
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.
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.