North Carolina 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 North Carolina Stock Appreciation Rights Plan of The Todd-AO Corporation is a type of employee compensation program that offers employees the opportunity to receive additional compensation based on the growth of the company's stock price. This plan is specifically designed for employees located in the state of North Carolina. Under this plan, eligible employees are granted stock appreciation rights (SARS) which enable them to receive a cash payment equal to the appreciation in the company's stock value over a predetermined period of time. The SARS are usually granted based on the employee's performance, position, or length of service. The North Carolina Stock Appreciation Rights Plan of The Todd-AO Corporation is intended to serve as an incentive for employees to contribute to the company's success and align their interests with the shareholders'. It provides employees with the opportunity to share in the financial success of the company without actually owning the stock. This plan can be an attractive form of compensation for employees as it offers the potential for significant financial gains if the company's stock price rises. It also provides a tax advantage as employees are not required to purchase or hold stock to receive the appreciation rights. It's important to note that The Todd-AO Corporation may have different types of Stock Appreciation Rights Plans tailored to the specific needs of different employee groups. For example, there might be a plan specifically for executive-level employees, while another plan is designed for non-executive employees. These plans may have varying eligibility criteria, grant sizes, and vesting schedules. Overall, the North Carolina Stock Appreciation Rights Plan of The Todd-AO Corporation is a valuable employee compensation tool that incentivizes and rewards employees for their contribution to the company's growth. Through the issuance of SARS, employees have the potential to receive additional compensation based on the increase in the company's stock value, ultimately fostering a closer alignment between employees and shareholders.

The North Carolina Stock Appreciation Rights Plan of The Todd-AO Corporation is a type of employee compensation program that offers employees the opportunity to receive additional compensation based on the growth of the company's stock price. This plan is specifically designed for employees located in the state of North Carolina. Under this plan, eligible employees are granted stock appreciation rights (SARS) which enable them to receive a cash payment equal to the appreciation in the company's stock value over a predetermined period of time. The SARS are usually granted based on the employee's performance, position, or length of service. The North Carolina Stock Appreciation Rights Plan of The Todd-AO Corporation is intended to serve as an incentive for employees to contribute to the company's success and align their interests with the shareholders'. It provides employees with the opportunity to share in the financial success of the company without actually owning the stock. This plan can be an attractive form of compensation for employees as it offers the potential for significant financial gains if the company's stock price rises. It also provides a tax advantage as employees are not required to purchase or hold stock to receive the appreciation rights. It's important to note that The Todd-AO Corporation may have different types of Stock Appreciation Rights Plans tailored to the specific needs of different employee groups. For example, there might be a plan specifically for executive-level employees, while another plan is designed for non-executive employees. These plans may have varying eligibility criteria, grant sizes, and vesting schedules. Overall, the North Carolina Stock Appreciation Rights Plan of The Todd-AO Corporation is a valuable employee compensation tool that incentivizes and rewards employees for their contribution to the company's growth. Through the issuance of SARS, employees have the potential to receive additional compensation based on the increase in the company's stock value, ultimately fostering a closer alignment between employees and shareholders.