Michigan 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 Michigan Stock Appreciation Rights (SARS) Plan is a compensation program offered by The Todd-AO Corporation, a prominent company based in Michigan. This plan incentivizes employees by granting them the opportunity to receive stock appreciation rights as a part of their overall compensation package. Under the Michigan Stock Appreciation Rights Plan, eligible employees are awarded SARS, which grant them the right to receive the appreciation in the company stock value over a specified period of time. Unlike stock options, SARS do not require employees to purchase company stock at a predetermined price. Instead, employees receive the monetary value equivalent to the increase in the stock price, either in cash or stock. This type of compensation plan is a useful tool for companies as it aligns the interests of employees with those of the corporation's shareholders. By offering SARS, The Todd-AO Corporation aims to reward and motivate their employees by providing them with ownership-like benefits tied to the company's performance. The Michigan Stock Appreciation Rights Plan offered by The Todd-AO Corporation may come in different forms or variations, such as: 1. Performance-based SARS: This SARS is granted to employees based on predetermined performance criteria, such as achieving specific financial targets or meeting certain operational milestones. This type of SARS plan encourages employees to strive for excellence and aligns their compensation with the company's overall performance. 2. Time-based SARS: This SARS is distributed to eligible employees based on their length of service or tenure with the company. For example, an employee may receive a certain percentage of SARS for each year of service. It serves as a retention tool and rewards employees for their loyalty and commitment to The Todd-AO Corporation. 3. Equity-based SARS: In this variation, rather than receiving the appreciation in the form of cash, employees are granted additional company shares or stock options. This allows them to benefit further from the company's growth and success in addition to their regular compensation. Overall, the Michigan Stock Appreciation Rights Plan provided by The Todd-AO Corporation is designed to attract, retain, and motivate talented employees by offering them a valuable stake in the company's performance. Through SARS, employees have the opportunity to participate in the growth and success of The Todd-AO Corporation, further fostering an environment of collaboration, loyalty, and shared prosperity.

The Michigan Stock Appreciation Rights (SARS) Plan is a compensation program offered by The Todd-AO Corporation, a prominent company based in Michigan. This plan incentivizes employees by granting them the opportunity to receive stock appreciation rights as a part of their overall compensation package. Under the Michigan Stock Appreciation Rights Plan, eligible employees are awarded SARS, which grant them the right to receive the appreciation in the company stock value over a specified period of time. Unlike stock options, SARS do not require employees to purchase company stock at a predetermined price. Instead, employees receive the monetary value equivalent to the increase in the stock price, either in cash or stock. This type of compensation plan is a useful tool for companies as it aligns the interests of employees with those of the corporation's shareholders. By offering SARS, The Todd-AO Corporation aims to reward and motivate their employees by providing them with ownership-like benefits tied to the company's performance. The Michigan Stock Appreciation Rights Plan offered by The Todd-AO Corporation may come in different forms or variations, such as: 1. Performance-based SARS: This SARS is granted to employees based on predetermined performance criteria, such as achieving specific financial targets or meeting certain operational milestones. This type of SARS plan encourages employees to strive for excellence and aligns their compensation with the company's overall performance. 2. Time-based SARS: This SARS is distributed to eligible employees based on their length of service or tenure with the company. For example, an employee may receive a certain percentage of SARS for each year of service. It serves as a retention tool and rewards employees for their loyalty and commitment to The Todd-AO Corporation. 3. Equity-based SARS: In this variation, rather than receiving the appreciation in the form of cash, employees are granted additional company shares or stock options. This allows them to benefit further from the company's growth and success in addition to their regular compensation. Overall, the Michigan Stock Appreciation Rights Plan provided by The Todd-AO Corporation is designed to attract, retain, and motivate talented employees by offering them a valuable stake in the company's performance. Through SARS, employees have the opportunity to participate in the growth and success of The Todd-AO Corporation, further fostering an environment of collaboration, loyalty, and shared prosperity.