Nevada 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 Nevada Stock Appreciation Right Plan (SHARP) of Helene Curtis Industries, Inc. is a unique compensation program offered to employees of the company that provides eligible participants with the opportunity to benefit from the appreciation in the value of the company's stock. This plan is designed to align the interests of employees with those of the shareholders, providing them with an additional financial incentive to drive the company's success. Under the SHARP, participants are granted stock appreciation rights, also known as SARS, which entitle them to the equivalent monetary value of the appreciation in the company's stock over a specified period of time. This means that if the market value of the company's stock increases during the designated period, employees are rewarded with a cash payout based on the gained value and the number of SARS they hold. The Nevada SHARP offers various benefits to participants, including the ability to grow their personal wealth alongside the company's success, fostering a sense of ownership and loyalty among employees. This compensation plan serves as an essential tool to attract and retain top talent within Helene Curtis Industries, Inc, as it provides a competitive edge in the market and motivates individuals to contribute towards achieving organizational goals. Different types of Nevada Stock Appreciation Right Plans may exist within the Helene Curtis Industries, Inc., serving different purposes or catering to specific employee segments. These plans can vary in terms of eligibility criteria, vesting schedules, valuation methods, and payout structures. However, regardless of the specific variations, they all aim to reward employees for their dedication, performance, and contribution to the company's financial growth. To sum it up, the Nevada Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a valuable compensation program that allows eligible employees to benefit from the appreciation in the company's stock. This aligns their interests with those of the shareholders, encourages long-term retention and motivates them to contribute to the overall success of the organization. It serves as an important tool in attracting and retaining top talent within the company and ensuring its sustained growth and profitability.

The Nevada Stock Appreciation Right Plan (SHARP) of Helene Curtis Industries, Inc. is a unique compensation program offered to employees of the company that provides eligible participants with the opportunity to benefit from the appreciation in the value of the company's stock. This plan is designed to align the interests of employees with those of the shareholders, providing them with an additional financial incentive to drive the company's success. Under the SHARP, participants are granted stock appreciation rights, also known as SARS, which entitle them to the equivalent monetary value of the appreciation in the company's stock over a specified period of time. This means that if the market value of the company's stock increases during the designated period, employees are rewarded with a cash payout based on the gained value and the number of SARS they hold. The Nevada SHARP offers various benefits to participants, including the ability to grow their personal wealth alongside the company's success, fostering a sense of ownership and loyalty among employees. This compensation plan serves as an essential tool to attract and retain top talent within Helene Curtis Industries, Inc, as it provides a competitive edge in the market and motivates individuals to contribute towards achieving organizational goals. Different types of Nevada Stock Appreciation Right Plans may exist within the Helene Curtis Industries, Inc., serving different purposes or catering to specific employee segments. These plans can vary in terms of eligibility criteria, vesting schedules, valuation methods, and payout structures. However, regardless of the specific variations, they all aim to reward employees for their dedication, performance, and contribution to the company's financial growth. To sum it up, the Nevada Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a valuable compensation program that allows eligible employees to benefit from the appreciation in the company's stock. This aligns their interests with those of the shareholders, encourages long-term retention and motivates them to contribute to the overall success of the organization. It serves as an important tool in attracting and retaining top talent within the company and ensuring its sustained growth and profitability.