Oklahoma 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 Oklahoma Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a unique compensation program designed to provide additional incentives to its employees. It allows eligible employees to share in the growth and success of the company through stock appreciation rights (SARS). This plan aims to motivate and retain talented individuals, aligning their financial interests with the company's long-term goals. The Oklahoma Stock Appreciation Right Plan offers two types of SARS: the Phantom Stock Appreciation Right and the Stock-Settled Appreciation Right. 1. Phantom Stock Appreciation Right: This type of SAR is a cash-settled incentive program that mimics the value and appreciation of the company's stock. Employees are granted hypothetical units, or phantom shares, equivalent to a predetermined number of actual shares. As the company's stock value increases, the employee receives a cash payment reflecting the appreciation in the value of their phantom shares. This type of SAR provides employees with a direct financial benefit without actually owning company stock. 2. Stock-Settled Appreciation Right: Unlike the Phantom Stock Appreciation Right, this type of SAR is settled in actual shares of the company's stock. Eligible employees are granted SARS, which represent the right to receive a specific number of shares at a future date. When the SARS vest, meaning they become exercisable, employees have the option to receive the shares directly or request a cash payout equivalent to the stock's value. This type of SAR aligns the employee's interests with the company's stock performance, as they directly benefit from any increase in stock value. The Oklahoma Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a valuable tool for attracting and retaining top talent. It offers employees the opportunity to participate in the company's growth, providing both financial rewards and a sense of ownership. By linking employee compensation to the performance of the company's stock, this plan encourages employees to contribute to the overall success of Helene Curtis Industries, Inc. while fostering a culture of long-term commitment and dedication.

The Oklahoma Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a unique compensation program designed to provide additional incentives to its employees. It allows eligible employees to share in the growth and success of the company through stock appreciation rights (SARS). This plan aims to motivate and retain talented individuals, aligning their financial interests with the company's long-term goals. The Oklahoma Stock Appreciation Right Plan offers two types of SARS: the Phantom Stock Appreciation Right and the Stock-Settled Appreciation Right. 1. Phantom Stock Appreciation Right: This type of SAR is a cash-settled incentive program that mimics the value and appreciation of the company's stock. Employees are granted hypothetical units, or phantom shares, equivalent to a predetermined number of actual shares. As the company's stock value increases, the employee receives a cash payment reflecting the appreciation in the value of their phantom shares. This type of SAR provides employees with a direct financial benefit without actually owning company stock. 2. Stock-Settled Appreciation Right: Unlike the Phantom Stock Appreciation Right, this type of SAR is settled in actual shares of the company's stock. Eligible employees are granted SARS, which represent the right to receive a specific number of shares at a future date. When the SARS vest, meaning they become exercisable, employees have the option to receive the shares directly or request a cash payout equivalent to the stock's value. This type of SAR aligns the employee's interests with the company's stock performance, as they directly benefit from any increase in stock value. The Oklahoma Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a valuable tool for attracting and retaining top talent. It offers employees the opportunity to participate in the company's growth, providing both financial rewards and a sense of ownership. By linking employee compensation to the performance of the company's stock, this plan encourages employees to contribute to the overall success of Helene Curtis Industries, Inc. while fostering a culture of long-term commitment and dedication.