South Carolina 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 South Carolina Stock Appreciation Rights Plan of The Todd-AO Corporation is a comprehensive compensation program offered to employees by the renowned Todd-AO Corporation in South Carolina. This plan allows eligible employees to benefit from the company's financial success and aligns their interests with the long-term growth and profitability of the organization. The South Carolina Stock Appreciation Rights Plan is designed to reward employees for their dedication, performance, and commitment to the company's objectives. It provides employees with the opportunity to acquire and own shares in the Todd-AO Corporation, fostering a sense of ownership and incentivizing them to contribute to the company's success. Under this plan, eligible employees are granted virtual shares or units tied to the value of the Todd-AO Corporation's stocks. These units, also known as stock appreciation rights (SARS), are non-transferable and can only be redeemed for cash or stock upon meeting specific conditions. The value of SARS is determined based on the increase in the company's stock price over a specified period. The South Carolina Stock Appreciation Rights Plan of The Todd-AO Corporation offers various types of SARS to cater to different employee needs and preferences. Some commonly known types include: 1. Full Value SARS: In this type of SAR, the employee receives a cash or stock payment equivalent to the increase in the stock price over a specific period. 2. Phantom SARS: Unlike full-value SARS, phantom SARS do not entitle employees to actual stock ownership. Instead, they receive a cash payment equivalent to the increase in stock price. Phantom SARS are typically settled in cash and are an excellent option for employees who do not wish to directly hold company shares. 3. Tandem SARS: Tandem SARS provide employees with the ability to choose between either stock options or SARS when exercising their rights. 4. Reload SARS: Reload SARS are granted when an employee exercises their existing SARS but still wishes to retain the same number of SARS. This feature ensures that employees can continue benefiting from future stock price increases. The South Carolina Stock Appreciation Rights Plan of The Todd-AO Corporation is a valuable component of the company's overall compensation and employee retention strategy. It not only motivates employees to perform at their best but also fosters a sense of loyalty and commitment towards the Todd-AO Corporation's long-term success. By aligning employee interests with company performance, this plan strengthens the organization and promotes a mutually beneficial relationship between employees and the corporation.

The South Carolina Stock Appreciation Rights Plan of The Todd-AO Corporation is a comprehensive compensation program offered to employees by the renowned Todd-AO Corporation in South Carolina. This plan allows eligible employees to benefit from the company's financial success and aligns their interests with the long-term growth and profitability of the organization. The South Carolina Stock Appreciation Rights Plan is designed to reward employees for their dedication, performance, and commitment to the company's objectives. It provides employees with the opportunity to acquire and own shares in the Todd-AO Corporation, fostering a sense of ownership and incentivizing them to contribute to the company's success. Under this plan, eligible employees are granted virtual shares or units tied to the value of the Todd-AO Corporation's stocks. These units, also known as stock appreciation rights (SARS), are non-transferable and can only be redeemed for cash or stock upon meeting specific conditions. The value of SARS is determined based on the increase in the company's stock price over a specified period. The South Carolina Stock Appreciation Rights Plan of The Todd-AO Corporation offers various types of SARS to cater to different employee needs and preferences. Some commonly known types include: 1. Full Value SARS: In this type of SAR, the employee receives a cash or stock payment equivalent to the increase in the stock price over a specific period. 2. Phantom SARS: Unlike full-value SARS, phantom SARS do not entitle employees to actual stock ownership. Instead, they receive a cash payment equivalent to the increase in stock price. Phantom SARS are typically settled in cash and are an excellent option for employees who do not wish to directly hold company shares. 3. Tandem SARS: Tandem SARS provide employees with the ability to choose between either stock options or SARS when exercising their rights. 4. Reload SARS: Reload SARS are granted when an employee exercises their existing SARS but still wishes to retain the same number of SARS. This feature ensures that employees can continue benefiting from future stock price increases. The South Carolina Stock Appreciation Rights Plan of The Todd-AO Corporation is a valuable component of the company's overall compensation and employee retention strategy. It not only motivates employees to perform at their best but also fosters a sense of loyalty and commitment towards the Todd-AO Corporation's long-term success. By aligning employee interests with company performance, this plan strengthens the organization and promotes a mutually beneficial relationship between employees and the corporation.