Michigan Stock Appreciation Right Plan of Helene Curtis Industries, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-397
• Format: Word; Rich Text

Description

18-397 18-397 . . . Stock Appreciation Rights Plan under which 2,000,000 Rights may be issued to employees. Each Right entitles participant to receive an amount equal to difference between fair market value of a single share of common stock on date of exercise and base price of Right, which may not be less than fair market value of a single share of common stock on date Right was granted 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.

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.