Missouri 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 Missouri Stock Appreciation Rights Plan of The Todd-AO Corporation is a comprehensive compensation program designed to reward eligible employees for their hard work and dedication. This plan allows employees to benefit from the company's growth and success by granting them stock appreciation rights (SARS), which provide the opportunity to receive financial gains based on the increase in the corporation's stock value. Under this plan, eligible employees are granted SARS, which give them the right to receive a cash payment equal to the difference between the fair market value of Todd-AO Corporation's stock at the time of exercise and the grant price. These awards are typically subject to certain conditions, such as vesting requirements, which determine when the employee can actually exercise the SARS. The Missouri Stock Appreciation Rights Plan offers various types of SARS to address different employee needs and goals. These may include: 1. Standard SARS: These are the most common type of SARS granted to employees. They allow employees to receive cash payments equal to the appreciation in the company's stock value. 2. Performance-based SARS: This type of SAR is tied to specific performance targets or milestones set by the company. Employees will only receive financial gains if these goals are met or exceeded, encouraging them to contribute to the corporation's growth and success. 3. Time-based SARS: This SARS is subject to a predetermined vesting schedule, which means employees can exercise them only after a certain period of time, such as three years of service in the company. This incentivizes long-term commitment and loyalty among employees. 4. Change of control SARS: In the event of a change in control of the company, such as a merger or acquisition, this SARS provides an opportunity for eligible employees to benefit from the transaction. Exercise and payment of this SARS occur upon a change in control and the fulfillment of specific conditions. Overall, the Missouri Stock Appreciation Rights Plan of The Todd-AO Corporation serves as an effective tool to attract, motivate, and retain talented employees by aligning their interests with the company's performance. It provides eligible employees with the potential to earn significant financial rewards as the company's stock value increases, fostering a strong sense of ownership and commitment to the organization's long-term success.

The Missouri Stock Appreciation Rights Plan of The Todd-AO Corporation is a comprehensive compensation program designed to reward eligible employees for their hard work and dedication. This plan allows employees to benefit from the company's growth and success by granting them stock appreciation rights (SARS), which provide the opportunity to receive financial gains based on the increase in the corporation's stock value. Under this plan, eligible employees are granted SARS, which give them the right to receive a cash payment equal to the difference between the fair market value of Todd-AO Corporation's stock at the time of exercise and the grant price. These awards are typically subject to certain conditions, such as vesting requirements, which determine when the employee can actually exercise the SARS. The Missouri Stock Appreciation Rights Plan offers various types of SARS to address different employee needs and goals. These may include: 1. Standard SARS: These are the most common type of SARS granted to employees. They allow employees to receive cash payments equal to the appreciation in the company's stock value. 2. Performance-based SARS: This type of SAR is tied to specific performance targets or milestones set by the company. Employees will only receive financial gains if these goals are met or exceeded, encouraging them to contribute to the corporation's growth and success. 3. Time-based SARS: This SARS is subject to a predetermined vesting schedule, which means employees can exercise them only after a certain period of time, such as three years of service in the company. This incentivizes long-term commitment and loyalty among employees. 4. Change of control SARS: In the event of a change in control of the company, such as a merger or acquisition, this SARS provides an opportunity for eligible employees to benefit from the transaction. Exercise and payment of this SARS occur upon a change in control and the fulfillment of specific conditions. Overall, the Missouri Stock Appreciation Rights Plan of The Todd-AO Corporation serves as an effective tool to attract, motivate, and retain talented employees by aligning their interests with the company's performance. It provides eligible employees with the potential to earn significant financial rewards as the company's stock value increases, fostering a strong sense of ownership and commitment to the organization's long-term success.