Pennsylvania Share Appreciation Rights Plan with amendment

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-400D
• Format: Word; Rich Text

Description

18-400D 18-400D . . . Share Appreciation Rights Plan under which stock option committee determines to whom units are awarded, number of units to be awarded and terms of such units. On grant date, committee assigns each unit a base value which cannot be less than market value of share of common stock on that date. Each award becomes exercisable with respect to 25% of units awarded on each of first four anniversaries of grant date, provided grantee has been continually employed full-time by corporation or subsidiary. Units may be exercised, to extent vested, at any time until five years after grant date. Upon exercise of vested units, grantee is entitled to receive net appreciation of such units in cash or in shares of common stock, as determined by committee The Pennsylvania Share Appreciation Rights Plan with amendment is a compensation mechanism designed for companies operating in Pennsylvania. This plan offers employees an opportunity to benefit from the appreciation in their company's stock value over a specified period of time. Under this plan, employees are granted rights to receive cash or stock equivalent to the increase in the value of the company's shares. The appreciation rights are granted either as a stand-alone plan or as an amendment to an existing share-based compensation plan. The Pennsylvania Share Appreciation Rights Plan with amendment can be further categorized into various types based on the specific features and conditions they entail. Some common types include: 1. Performance-Based Share Appreciation Rights: These plans are structured in a way that employees are eligible to exercise the appreciation rights only if certain predetermined performance goals are achieved by the company or the employee. 2. Time-Vested Share Appreciation Rights: In this type of plan, the employees become eligible to exercise the appreciation rights after a specific period of time, typically on a graded vesting schedule. 3. Dividend Equivalent Share Appreciation Rights: Under this plan, employees are entitled to receive cash or stock equivalent to the dividends declared on the underlying shares for which the appreciation rights have been granted. 4. Reload Share Appreciation Rights: This plan allows employees to replenish their appreciation rights by granting additional rights when existing rights are exercised, thereby maintaining ongoing participation in the company's stock appreciation. 5. Tandem Share Appreciation Rights: These plans are designed to be granted in tandem with stock options, allowing the employees to choose between exercising the appreciation rights or the stock options, depending on which is more advantageous. The Pennsylvania Share Appreciation Rights Plan with amendment provides companies with a flexible tool to motivate and reward their employees by sharing the success and growth of the company. It aligns the interests of the employees with those of the company's shareholders, creating an incentive for increased performance and commitment. Implementation and administration of this plan require compliance with applicable laws, regulations, and accounting standards.

The Pennsylvania Share Appreciation Rights Plan with amendment is a compensation mechanism designed for companies operating in Pennsylvania. This plan offers employees an opportunity to benefit from the appreciation in their company's stock value over a specified period of time. Under this plan, employees are granted rights to receive cash or stock equivalent to the increase in the value of the company's shares. The appreciation rights are granted either as a stand-alone plan or as an amendment to an existing share-based compensation plan. The Pennsylvania Share Appreciation Rights Plan with amendment can be further categorized into various types based on the specific features and conditions they entail. Some common types include: 1. Performance-Based Share Appreciation Rights: These plans are structured in a way that employees are eligible to exercise the appreciation rights only if certain predetermined performance goals are achieved by the company or the employee. 2. Time-Vested Share Appreciation Rights: In this type of plan, the employees become eligible to exercise the appreciation rights after a specific period of time, typically on a graded vesting schedule. 3. Dividend Equivalent Share Appreciation Rights: Under this plan, employees are entitled to receive cash or stock equivalent to the dividends declared on the underlying shares for which the appreciation rights have been granted. 4. Reload Share Appreciation Rights: This plan allows employees to replenish their appreciation rights by granting additional rights when existing rights are exercised, thereby maintaining ongoing participation in the company's stock appreciation. 5. Tandem Share Appreciation Rights: These plans are designed to be granted in tandem with stock options, allowing the employees to choose between exercising the appreciation rights or the stock options, depending on which is more advantageous. The Pennsylvania Share Appreciation Rights Plan with amendment provides companies with a flexible tool to motivate and reward their employees by sharing the success and growth of the company. It aligns the interests of the employees with those of the company's shareholders, creating an incentive for increased performance and commitment. Implementation and administration of this plan require compliance with applicable laws, regulations, and accounting standards.