Puerto Rico 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 Puerto Rico Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a corporate compensation program designed to reward employees for their contributions to the company's success. This plan allows eligible employees to receive stock appreciation rights (SARS) as a means to supplement their compensation package. Helene Curtis Industries, Inc. is a company based in Puerto Rico that offers different types of stock appreciation right plans to its employees. These plans include: 1. Performance-Based SAR Plan: This type of plan is based on the company's performance and sets specific goals and targets for employees to achieve. If the company meets or exceeds these predetermined performance targets, eligible employees are awarded SARS based on their individual contributions. 2. Time-Based SAR Plan: In this plan, SARS are granted to employees based on their length of service with the company. As employees gain more years of service, they become eligible for additional SARS. This type of plan incentivizes long-term commitment and can be a form of retention strategy for the company. 3. Leadership-Based SAR Plan: This plan is specifically designed for employees in leadership positions within the company. It rewards these individuals for their role in guiding the company towards growth and success. SARS are granted based on the employee's leadership performance and overall impact on the organization. 4. Team-Based SAR Plan: This plan encourages teamwork and collaboration within the company. SARS are granted to employees based on their collective performance as a team, incentivizing collaboration and mutual support among employees. This type of plan promotes cooperation and fosters a positive work environment. The Puerto Rico Stock Appreciation Right Plan is an attractive benefit for employees as it provides them with the opportunity to participate in the company's growth and financial success. SARS grant employees the right to receive a cash payment or stock value based on the appreciation of the company's stock over a specified period. This means that if the company's stock price increases over time, employees can reap financial benefits from their SARS. Overall, the Puerto Rico Stock Appreciation Right Plan of Helene Curtis Industries, Inc. serves as an effective tool for employee motivation, retention, and alignment of their interests with the company's overall success. It provides a tangible incentive for employees to contribute their best efforts, fostering a culture of dedication and performance within the organization.

The Puerto Rico Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a corporate compensation program designed to reward employees for their contributions to the company's success. This plan allows eligible employees to receive stock appreciation rights (SARS) as a means to supplement their compensation package. Helene Curtis Industries, Inc. is a company based in Puerto Rico that offers different types of stock appreciation right plans to its employees. These plans include: 1. Performance-Based SAR Plan: This type of plan is based on the company's performance and sets specific goals and targets for employees to achieve. If the company meets or exceeds these predetermined performance targets, eligible employees are awarded SARS based on their individual contributions. 2. Time-Based SAR Plan: In this plan, SARS are granted to employees based on their length of service with the company. As employees gain more years of service, they become eligible for additional SARS. This type of plan incentivizes long-term commitment and can be a form of retention strategy for the company. 3. Leadership-Based SAR Plan: This plan is specifically designed for employees in leadership positions within the company. It rewards these individuals for their role in guiding the company towards growth and success. SARS are granted based on the employee's leadership performance and overall impact on the organization. 4. Team-Based SAR Plan: This plan encourages teamwork and collaboration within the company. SARS are granted to employees based on their collective performance as a team, incentivizing collaboration and mutual support among employees. This type of plan promotes cooperation and fosters a positive work environment. The Puerto Rico Stock Appreciation Right Plan is an attractive benefit for employees as it provides them with the opportunity to participate in the company's growth and financial success. SARS grant employees the right to receive a cash payment or stock value based on the appreciation of the company's stock over a specified period. This means that if the company's stock price increases over time, employees can reap financial benefits from their SARS. Overall, the Puerto Rico Stock Appreciation Right Plan of Helene Curtis Industries, Inc. serves as an effective tool for employee motivation, retention, and alignment of their interests with the company's overall success. It provides a tangible incentive for employees to contribute their best efforts, fostering a culture of dedication and performance within the organization.