Oregon 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 Oregon Stock Appreciation Rights (SAR) Plan of The Todd-AO Corporation is a comprehensive employee compensation program designed to provide employees with additional financial incentives and rewards. This plan is specifically tailored for employees who have contributed significantly to the success and growth of the company. The Oregon SAR Plan operates by granting employees the right to receive cash or stock appreciation, depending on the terms and conditions of the plan. These rights are usually granted as an alternative to stock options, offering flexibility and potential tax advantages for both the company and the employees. Under the Oregon SAR Plan, employees are granted SARS that entitle them to receive a cash payment or stock equivalent to the appreciation in the company's stock price over a specified period. The SARS are usually granted at a predetermined strike price, which is the market price of the stock at the time of grant. There are different types of Oregon SAR Plans offered by The Todd-AO Corporation, each with its own unique features and eligibility requirements. These plans include: 1. Performance-based SARS: This type of plan offers employees SARS based on predetermined performance goals or targets. Employees are rewarded with SARS when the company achieves specific financial or operational milestones. 2. Time-based SARS: In this type of plan, employees are granted SARS based on their length of service with the company. SARS are usually vested over a period of time, incentivizing long-term commitment and loyalty from employees. 3. Reload SARS: Reload SARS provide employees with additional SARS when they exercise and sell previously acquired SARS. This feature helps employees to continue participating in the plan even after they have exercised their initial SARS. 4. Leveraged SARS: Leveraged SARS provide employees with enhanced potential returns by linking the value of their SARS to the performance of the company's stock over a specified period. This feature allows employees to benefit from the market upside while minimizing downside risk. The Oregon SAR Plan of The Todd-AO Corporation aims to align the interests of employees with those of the company's shareholders. It incentivizes employees to contribute to the company's growth and profitability, promoting a culture of ownership and increased employee engagement. Overall, the Oregon SAR Plan of The Todd-AO Corporation is a robust compensation program that provides employees with the opportunity to participate in the company's success and share in the value they help create.

The Oregon Stock Appreciation Rights (SAR) Plan of The Todd-AO Corporation is a comprehensive employee compensation program designed to provide employees with additional financial incentives and rewards. This plan is specifically tailored for employees who have contributed significantly to the success and growth of the company. The Oregon SAR Plan operates by granting employees the right to receive cash or stock appreciation, depending on the terms and conditions of the plan. These rights are usually granted as an alternative to stock options, offering flexibility and potential tax advantages for both the company and the employees. Under the Oregon SAR Plan, employees are granted SARS that entitle them to receive a cash payment or stock equivalent to the appreciation in the company's stock price over a specified period. The SARS are usually granted at a predetermined strike price, which is the market price of the stock at the time of grant. There are different types of Oregon SAR Plans offered by The Todd-AO Corporation, each with its own unique features and eligibility requirements. These plans include: 1. Performance-based SARS: This type of plan offers employees SARS based on predetermined performance goals or targets. Employees are rewarded with SARS when the company achieves specific financial or operational milestones. 2. Time-based SARS: In this type of plan, employees are granted SARS based on their length of service with the company. SARS are usually vested over a period of time, incentivizing long-term commitment and loyalty from employees. 3. Reload SARS: Reload SARS provide employees with additional SARS when they exercise and sell previously acquired SARS. This feature helps employees to continue participating in the plan even after they have exercised their initial SARS. 4. Leveraged SARS: Leveraged SARS provide employees with enhanced potential returns by linking the value of their SARS to the performance of the company's stock over a specified period. This feature allows employees to benefit from the market upside while minimizing downside risk. The Oregon SAR Plan of The Todd-AO Corporation aims to align the interests of employees with those of the company's shareholders. It incentivizes employees to contribute to the company's growth and profitability, promoting a culture of ownership and increased employee engagement. Overall, the Oregon SAR Plan of The Todd-AO Corporation is a robust compensation program that provides employees with the opportunity to participate in the company's success and share in the value they help create.