Utah 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 Utah Share Appreciation Rights (SARS) Plan with amendment is a type of compensation program designed to award employees with the right to receive cash or stock equal to the appreciation in the value of company shares. The SARS Plan is a widely used incentive offered by Utah-based companies to retain top talent and motivate employees by aligning their interests with the company's success. This program provides employees with the opportunity to benefit from the increase in the company's share price over a specified period. The amendment to the SARS Plan includes updated provisions and terms, catering to the evolving needs of companies and employees. It may incorporate changes in eligibility criteria, vesting schedules, exercise periods, or other improvements to make the plan more competitive and attractive. One type of Utah SARS Plan with an amendment is the Performance-Based Share Appreciation Rights Plan. This variation links the SARS to predefined performance metrics, such as achieving specific financial targets, revenue growth, or market share. Employees are then rewarded based on the successful attainment of these goals. Another type is the Restricted Share Appreciation Rights Plan. This plan grants SARS with certain restrictions, such as limited exercise options or a predetermined holding period. These restrictions aim to encourage employees to stay with the company for a longer duration before they can fully realize the benefits of the SARS. The Utah SARS Plan with amendment not only motivates employees to contribute to the company's growth but also fosters a sense of ownership and loyalty. It incentivizes employees to work diligently and strategically to increase the company's value, knowing that they will be directly rewarded for their efforts. In conclusion, the Utah Share Appreciation Rights Plan with amendment is a dynamic and customizable compensation program that recognizes and rewards employees for their contribution to a company's success. Companies can design different variations of the plan, including performance-based or restricted SARS, to optimize employee motivation and retention.

The Utah Share Appreciation Rights (SARS) Plan with amendment is a type of compensation program designed to award employees with the right to receive cash or stock equal to the appreciation in the value of company shares. The SARS Plan is a widely used incentive offered by Utah-based companies to retain top talent and motivate employees by aligning their interests with the company's success. This program provides employees with the opportunity to benefit from the increase in the company's share price over a specified period. The amendment to the SARS Plan includes updated provisions and terms, catering to the evolving needs of companies and employees. It may incorporate changes in eligibility criteria, vesting schedules, exercise periods, or other improvements to make the plan more competitive and attractive. One type of Utah SARS Plan with an amendment is the Performance-Based Share Appreciation Rights Plan. This variation links the SARS to predefined performance metrics, such as achieving specific financial targets, revenue growth, or market share. Employees are then rewarded based on the successful attainment of these goals. Another type is the Restricted Share Appreciation Rights Plan. This plan grants SARS with certain restrictions, such as limited exercise options or a predetermined holding period. These restrictions aim to encourage employees to stay with the company for a longer duration before they can fully realize the benefits of the SARS. The Utah SARS Plan with amendment not only motivates employees to contribute to the company's growth but also fosters a sense of ownership and loyalty. It incentivizes employees to work diligently and strategically to increase the company's value, knowing that they will be directly rewarded for their efforts. In conclusion, the Utah Share Appreciation Rights Plan with amendment is a dynamic and customizable compensation program that recognizes and rewards employees for their contribution to a company's success. Companies can design different variations of the plan, including performance-based or restricted SARS, to optimize employee motivation and retention.