North Dakota 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 North Dakota Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a compensation program that provides employees of the company with an opportunity to benefit from the company's financial growth. With the use of stock appreciation rights (SARS), employees have the chance to increase their compensation based on the appreciation of the company's stock price over a specific period of time. The Helene Curtis Industries, Inc., a leading consumer goods company, has designed the North Dakota Stock Appreciation Right Plan to foster employee motivation, retention, and loyalty. By linking employees' compensation to the company's performance in the stock market, this plan aligns their interests with the overall success of the organization. Under the North Dakota Stock Appreciation Right Plan, employees are granted SARS, which represent the right to receive cash or stock equal to the appreciation in the company's stock price. The plan specifies a predetermined "base price" and a "measurement period" within which the SARS will vest. Vesting indicates the point at which an employee gains full ownership of the awarded SARS. The plan follows certain rules and guidelines to ensure fairness and transparency. These rules may include protocols for determining the base price, establishing the measurement period, and setting the terms and conditions for the exercise of SARS. Consequently, employees have a clear understanding of the plan and how their compensation ties into the company's stock performance. Similar to other types of stock appreciation right plans, such as the Performance-Based Stock Appreciation Right Plan or the Deferred Stock Appreciation Right Plan, the North Dakota Stock Appreciation Right Plan can have variations depending on the company's specific objectives and requirements. However, it is essential to note that this specific plan is designed for Helene Curtis Industries, Inc., under the jurisdiction of North Dakota. In summary, the North Dakota Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a tailored compensation program that awards employees with SARS, reflecting the potential appreciation of the company's stock price. This plan encourages the employees' active participation in the company's growth while ensuring fairness and transparency in the process. By implementing the North Dakota Stock Appreciation Right Plan, Helene Curtis Industries, Inc. is fostering a culture of alignment, motivation, and long-term employee dedication.

The North Dakota Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a compensation program that provides employees of the company with an opportunity to benefit from the company's financial growth. With the use of stock appreciation rights (SARS), employees have the chance to increase their compensation based on the appreciation of the company's stock price over a specific period of time. The Helene Curtis Industries, Inc., a leading consumer goods company, has designed the North Dakota Stock Appreciation Right Plan to foster employee motivation, retention, and loyalty. By linking employees' compensation to the company's performance in the stock market, this plan aligns their interests with the overall success of the organization. Under the North Dakota Stock Appreciation Right Plan, employees are granted SARS, which represent the right to receive cash or stock equal to the appreciation in the company's stock price. The plan specifies a predetermined "base price" and a "measurement period" within which the SARS will vest. Vesting indicates the point at which an employee gains full ownership of the awarded SARS. The plan follows certain rules and guidelines to ensure fairness and transparency. These rules may include protocols for determining the base price, establishing the measurement period, and setting the terms and conditions for the exercise of SARS. Consequently, employees have a clear understanding of the plan and how their compensation ties into the company's stock performance. Similar to other types of stock appreciation right plans, such as the Performance-Based Stock Appreciation Right Plan or the Deferred Stock Appreciation Right Plan, the North Dakota Stock Appreciation Right Plan can have variations depending on the company's specific objectives and requirements. However, it is essential to note that this specific plan is designed for Helene Curtis Industries, Inc., under the jurisdiction of North Dakota. In summary, the North Dakota Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a tailored compensation program that awards employees with SARS, reflecting the potential appreciation of the company's stock price. This plan encourages the employees' active participation in the company's growth while ensuring fairness and transparency in the process. By implementing the North Dakota Stock Appreciation Right Plan, Helene Curtis Industries, Inc. is fostering a culture of alignment, motivation, and long-term employee dedication.