Rhode Island 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 Rhode Island Stock Appreciation Rights Plan of The Todd-AO Corporation is a compensation program offered to employees of the company that allows them to receive stock appreciation rights (SARS) as a form of additional incentives. This plan is designed to incentivize and reward employees for their contribution to the company's success and growth. SARS is a type of equity-based compensation that allows employees to benefit from the appreciation in the company's stock price over a specific period of time. Unlike stock options, SARS do not require employees to purchase the company's stock at a fixed price. Instead, employees are granted the right to receive a cash payment or an equivalent value based on the increase in the company's stock price. The Rhode Island Stock Appreciation Rights Plan of The Todd-AO Corporation offers several types of SARS to employees, depending on their role and level within the company. These types include: 1. Performance-Based SARS: This SARS is granted to employees based on the achievement of predefined performance targets or milestones set by the company. As employees contribute to the company's overall success, they become eligible to receive SARS, which can be exercised and converted into cash or stock at a predetermined price. 2. Time-Vested SARS: This SARS is granted to employees based on their tenure with the company. Over a specific period of time, usually several years, the SARS vest and become exercisable. This means that employees can choose to exercise their rights and receive the appreciation in the company's stock value. 3. Accelerated Vesting SARS: In certain circumstances, such as a change in control or acquisition of the company, the vesting of SARS can be accelerated. This ensures that employees can benefit from the appreciation in the company's stock price sooner than initially anticipated. 4. Reload SARS: This type of SAR allows employees to receive additional SARS once they have exercised their previous SARS. It provides employees with an opportunity to continue benefiting from the company's stock price appreciation. Overall, the Rhode Island Stock Appreciation Rights Plan of The Todd-AO Corporation is a comprehensive compensation program that aims to align the interests of employees with the company's long-term success. By providing employees with the opportunity to participate in the company's stock appreciation, this plan motivates and rewards employees for their dedication and contributions.

The Rhode Island Stock Appreciation Rights Plan of The Todd-AO Corporation is a compensation program offered to employees of the company that allows them to receive stock appreciation rights (SARS) as a form of additional incentives. This plan is designed to incentivize and reward employees for their contribution to the company's success and growth. SARS is a type of equity-based compensation that allows employees to benefit from the appreciation in the company's stock price over a specific period of time. Unlike stock options, SARS do not require employees to purchase the company's stock at a fixed price. Instead, employees are granted the right to receive a cash payment or an equivalent value based on the increase in the company's stock price. The Rhode Island Stock Appreciation Rights Plan of The Todd-AO Corporation offers several types of SARS to employees, depending on their role and level within the company. These types include: 1. Performance-Based SARS: This SARS is granted to employees based on the achievement of predefined performance targets or milestones set by the company. As employees contribute to the company's overall success, they become eligible to receive SARS, which can be exercised and converted into cash or stock at a predetermined price. 2. Time-Vested SARS: This SARS is granted to employees based on their tenure with the company. Over a specific period of time, usually several years, the SARS vest and become exercisable. This means that employees can choose to exercise their rights and receive the appreciation in the company's stock value. 3. Accelerated Vesting SARS: In certain circumstances, such as a change in control or acquisition of the company, the vesting of SARS can be accelerated. This ensures that employees can benefit from the appreciation in the company's stock price sooner than initially anticipated. 4. Reload SARS: This type of SAR allows employees to receive additional SARS once they have exercised their previous SARS. It provides employees with an opportunity to continue benefiting from the company's stock price appreciation. Overall, the Rhode Island Stock Appreciation Rights Plan of The Todd-AO Corporation is a comprehensive compensation program that aims to align the interests of employees with the company's long-term success. By providing employees with the opportunity to participate in the company's stock appreciation, this plan motivates and rewards employees for their dedication and contributions.