The New Mexico Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a compensation program offered by the company to its employees in New Mexico. The plan is designed to provide additional benefits to employees based on the appreciation of the company's stock value over a specific period. Helene Curtis Industries, Inc. is a well-established company operating in various industries, including personal care, beauty, and grooming. The company offers this stock appreciation right plan to motivate and reward its employees in New Mexico. With this plan, employees are granted the right to receive the increase in the value of the company's stock over a certain period. This appreciation is typically calculated by subtracting the stock's fair market value at the time of granting the right from the value of the stock at the exercise or payment date. The plan allows employees to benefit from the company's growth and success by sharing in the value appreciation of its stock. The New Mexico Stock Appreciation Right Plan provides a range of benefits for employees. It allows them to participate in the company's financial success without the need to purchase or own the actual stock. This type of plan is often regarded as a valuable long-term incentive as it aligns the interests of employees with the company's performance. There may be different types or variations of the New Mexico Stock Appreciation Right Plan offered by Helene Curtis Industries, Inc. These variations could include different eligibility criteria, vesting schedules, exercise periods, and payout terms. Some plans may require employees to fulfill certain performance-based goals or tenure requirements to be eligible for the stock appreciation rights. It is important for employees to thoroughly review the terms and conditions of the plan to understand the potential benefits and any associated limitations. The plan can be a valuable tool for employees to accumulate wealth and achieve their financial goals. In conclusion, the New Mexico Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a compensation program designed to reward employees in New Mexico based on the stock value appreciation. The plan enables employees to participate in the company's success and offers various benefits, subject to different terms and conditions depending on the specific plan.