North Dakota 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 Dakota Stock Appreciation Rights Plan of The Todd-AO Corporation is a unique employee benefit plan designed to incentivize and reward employees for their contributions towards the company's growth and success. This comprehensive plan encompasses various types of stock appreciation rights (SARS) that enable employees to benefit from the appreciation in the company's stock value over a specified period. One type of SAR under the North Dakota Stock Appreciation Rights Plan is the Performance-Based SARS. This type of SAR is granted to select employees based on their individual or team performance metrics, such as achieving predetermined financial goals or exceeding sales targets. Performance-based SARS provide an opportunity for employees to directly correlate their efforts with the company's financial performance and share in the resulting stock appreciation. Another type of SAR is the Time-Based SARS. This SARS is granted to employees based on their tenure with the company. Over a predetermined vesting period, employees become eligible to exercise their SARS and receive the appreciation in the company's stock value. Time-based SARS are a way of recognizing employee loyalty and long-term commitment to The Todd-AO Corporation. The North Dakota Stock Appreciation Rights Plan also includes Reload SARS. This SARS is granted to employees who have already exercised their existing SARS and wish to continue benefiting from future stock appreciation. Reload SARS essentially provide employees with additional opportunities to participate in the company's growth by "reloading" their SARS. Furthermore, employees who are nearing retirement or leaving the company may be eligible for Retirement SARS. This SARS allows employees to exercise their rights and receive the stock appreciation just before their retirement or departure from The Todd-AO Corporation. Retirement SARS ensure that employees can enjoy the fruits of their labor and share in the company's success, even as they transition into the next phase of their lives. Overall, the North Dakota Stock Appreciation Rights Plan of The Todd-AO Corporation demonstrates the company's commitment to recognizing and rewarding employee contributions. By offering different types of SARS, the plan caters to various employee circumstances and motivates them to actively contribute to the company's growth. With its focus on performance, tenure, retirement, and reload options, this comprehensive plan serves as a valuable tool in fostering employee engagement and aligning their interests with the long-term success of The Todd-AO Corporation.

The North Dakota Stock Appreciation Rights Plan of The Todd-AO Corporation is a unique employee benefit plan designed to incentivize and reward employees for their contributions towards the company's growth and success. This comprehensive plan encompasses various types of stock appreciation rights (SARS) that enable employees to benefit from the appreciation in the company's stock value over a specified period. One type of SAR under the North Dakota Stock Appreciation Rights Plan is the Performance-Based SARS. This type of SAR is granted to select employees based on their individual or team performance metrics, such as achieving predetermined financial goals or exceeding sales targets. Performance-based SARS provide an opportunity for employees to directly correlate their efforts with the company's financial performance and share in the resulting stock appreciation. Another type of SAR is the Time-Based SARS. This SARS is granted to employees based on their tenure with the company. Over a predetermined vesting period, employees become eligible to exercise their SARS and receive the appreciation in the company's stock value. Time-based SARS are a way of recognizing employee loyalty and long-term commitment to The Todd-AO Corporation. The North Dakota Stock Appreciation Rights Plan also includes Reload SARS. This SARS is granted to employees who have already exercised their existing SARS and wish to continue benefiting from future stock appreciation. Reload SARS essentially provide employees with additional opportunities to participate in the company's growth by "reloading" their SARS. Furthermore, employees who are nearing retirement or leaving the company may be eligible for Retirement SARS. This SARS allows employees to exercise their rights and receive the stock appreciation just before their retirement or departure from The Todd-AO Corporation. Retirement SARS ensure that employees can enjoy the fruits of their labor and share in the company's success, even as they transition into the next phase of their lives. Overall, the North Dakota Stock Appreciation Rights Plan of The Todd-AO Corporation demonstrates the company's commitment to recognizing and rewarding employee contributions. By offering different types of SARS, the plan caters to various employee circumstances and motivates them to actively contribute to the company's growth. With its focus on performance, tenure, retirement, and reload options, this comprehensive plan serves as a valuable tool in fostering employee engagement and aligning their interests with the long-term success of The Todd-AO Corporation.