North Dakota 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 North Dakota Share Appreciation Rights Plan with amendment is a compensation program designed to incentivize employees and align their interests with the company's success. Under this plan, employees are granted appreciation rights, which entitle them to receive the increase in the value of the company's shares over a specified period. This plan is applicable in the state of North Dakota and is subject to the regulations outlined in the appropriate state legislation. The Share Appreciation Rights Plan with amendment in North Dakota can have different variations based on the specific conditions and features included. Some possible types of amendments are: 1. Performance-Based Amendment: This amendment links the appreciation rights to the achievement of specific performance targets or milestones decided upon by the company. Employees would only be eligible to exercise their rights and receive the benefits if these predetermined performance goals are met. 2. Time-Based Amendment: This type of amendment sets a specific time period for the appreciation rights to vest. Employees would become eligible to exercise their rights and receive the benefits after a predetermined length of service or a certain number of years. 3. Change in Control Amendment: This amendment addresses the scenario of a change in control or acquisition of the company. It outlines how the appreciation rights will be affected in such instances, ensuring that employees' interests are protected and potential benefits are realized during a corporate transaction. 4. Stock Split or Merger Amendment: In the event of a stock split or merger, this amendment clarifies the treatment of the appreciation rights, ensuring that the rights of the participants are properly adjusted and maintained post-transaction. 5. Termination and Retirement Amendment: This amendment defines the treatment of the appreciation rights if an employee's employment is terminated or if they retire. It outlines whether the rights will be forfeited or if there will be a provision for partial or full exercise of the rights upon termination or retirement. It is important for companies to work closely with legal and compensation experts to design and implement a North Dakota Share Appreciation Rights Plan with amendment that meets their specific needs, while also complying with state regulations.

North Dakota Share Appreciation Rights Plan with amendment is a compensation program designed to incentivize employees and align their interests with the company's success. Under this plan, employees are granted appreciation rights, which entitle them to receive the increase in the value of the company's shares over a specified period. This plan is applicable in the state of North Dakota and is subject to the regulations outlined in the appropriate state legislation. The Share Appreciation Rights Plan with amendment in North Dakota can have different variations based on the specific conditions and features included. Some possible types of amendments are: 1. Performance-Based Amendment: This amendment links the appreciation rights to the achievement of specific performance targets or milestones decided upon by the company. Employees would only be eligible to exercise their rights and receive the benefits if these predetermined performance goals are met. 2. Time-Based Amendment: This type of amendment sets a specific time period for the appreciation rights to vest. Employees would become eligible to exercise their rights and receive the benefits after a predetermined length of service or a certain number of years. 3. Change in Control Amendment: This amendment addresses the scenario of a change in control or acquisition of the company. It outlines how the appreciation rights will be affected in such instances, ensuring that employees' interests are protected and potential benefits are realized during a corporate transaction. 4. Stock Split or Merger Amendment: In the event of a stock split or merger, this amendment clarifies the treatment of the appreciation rights, ensuring that the rights of the participants are properly adjusted and maintained post-transaction. 5. Termination and Retirement Amendment: This amendment defines the treatment of the appreciation rights if an employee's employment is terminated or if they retire. It outlines whether the rights will be forfeited or if there will be a provision for partial or full exercise of the rights upon termination or retirement. It is important for companies to work closely with legal and compensation experts to design and implement a North Dakota Share Appreciation Rights Plan with amendment that meets their specific needs, while also complying with state regulations.