Missouri Share Appreciation Rights Plan with amendment

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-400D
• Format: Word; Rich Text

Description

18-400D 18-400D . . . Share Appreciation Rights Plan under which stock option committee determines to whom units are awarded, number of units to be awarded and terms of such units. On grant date, committee assigns each unit a base value which cannot be less than market value of share of common stock on that date. Each award becomes exercisable with respect to 25% of units awarded on each of first four anniversaries of grant date, provided grantee has been continually employed full-time by corporation or subsidiary. Units may be exercised, to extent vested, at any time until five years after grant date. Upon exercise of vested units, grantee is entitled to receive net appreciation of such units in cash or in shares of common stock, as determined by committee The Missouri Share Appreciation Rights Plan with amendment is a type of equity-based benefit program offered to employees by companies in the state of Missouri. This plan is designed to offer employees the opportunity to receive additional compensation based on the increase in the company's stock price over a specified period of time. By granting employees appreciation rights, companies aim to provide them with a financial incentive to contribute to the company's growth and success. Under this plan, employees are granted the right to receive a cash payment equal to the appreciation in the value of a specified number of shares of company stock. The appreciation is calculated by determining the difference between the stock price at the time of grant and the stock price at the time of exercise. It is important to note that employees do not receive actual shares of stock, but instead receive a cash payment equivalent to the stock's value increase. The Missouri Share Appreciation Rights Plan may be structured in different ways to meet the specific needs of the company and its employees. One type includes a performance-based vesting condition, where the employees must meet certain pre-determined performance goals or objectives to become eligible to exercise their appreciation rights. This type of plan encourages employees to actively contribute to the growth and success of the company, as their compensation is directly linked to the achievement of these goals. Another type of plan includes time-based vesting, where the appreciation rights become exercisable over a specified period of time, typically in increments. This provides employees with an incentive to remain with the company for an extended period, as they are only able to exercise their rights after a certain length of employment. The amendment to the Missouri Share Appreciation Rights Plan allows companies to modify or update the plan's terms and conditions as needed. This flexibility enables companies to adapt the plan to changing business environments, comply with regulatory requirements, or respond to the evolving needs and expectations of their employees. In summary, the Missouri Share Appreciation Rights Plan with amendment is an equity-based benefit program offered to employees in Missouri, providing them with the opportunity to receive cash payments based on the increase in the company's stock value. This plan comes in various types, such as performance-based or time-based vesting, and the amendment allows for plan modifications to ensure its continued relevance and effectiveness.

The Missouri Share Appreciation Rights Plan with amendment is a type of equity-based benefit program offered to employees by companies in the state of Missouri. This plan is designed to offer employees the opportunity to receive additional compensation based on the increase in the company's stock price over a specified period of time. By granting employees appreciation rights, companies aim to provide them with a financial incentive to contribute to the company's growth and success. Under this plan, employees are granted the right to receive a cash payment equal to the appreciation in the value of a specified number of shares of company stock. The appreciation is calculated by determining the difference between the stock price at the time of grant and the stock price at the time of exercise. It is important to note that employees do not receive actual shares of stock, but instead receive a cash payment equivalent to the stock's value increase. The Missouri Share Appreciation Rights Plan may be structured in different ways to meet the specific needs of the company and its employees. One type includes a performance-based vesting condition, where the employees must meet certain pre-determined performance goals or objectives to become eligible to exercise their appreciation rights. This type of plan encourages employees to actively contribute to the growth and success of the company, as their compensation is directly linked to the achievement of these goals. Another type of plan includes time-based vesting, where the appreciation rights become exercisable over a specified period of time, typically in increments. This provides employees with an incentive to remain with the company for an extended period, as they are only able to exercise their rights after a certain length of employment. The amendment to the Missouri Share Appreciation Rights Plan allows companies to modify or update the plan's terms and conditions as needed. This flexibility enables companies to adapt the plan to changing business environments, comply with regulatory requirements, or respond to the evolving needs and expectations of their employees. In summary, the Missouri Share Appreciation Rights Plan with amendment is an equity-based benefit program offered to employees in Missouri, providing them with the opportunity to receive cash payments based on the increase in the company's stock value. This plan comes in various types, such as performance-based or time-based vesting, and the amendment allows for plan modifications to ensure its continued relevance and effectiveness.