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 Utah Stock Appreciation Rights Plan of The Todd-AO Corporation is a comprehensive program designed to incentivize and reward employees of the company. This plan is specifically tailored for employees in Utah and is part of the overall compensation and benefits package offered by The Todd-AO Corporation. A Stock Appreciation Rights Plan, often referred to as SARS, is an effective tool used by companies to motivate and retain employees by aligning their interests with the company's financial success. Under this plan, eligible employees are granted the opportunity to receive appreciation in the company's stock value over a specific period, without being required to directly purchase company shares. The Utah Stock Appreciation Rights Plan has two main types: Performance-Based and Time-Vesting SARS. 1. Performance-Based SARS: This type of SARS is dependent on the achievement of pre-determined performance goals or targets set by the company. These targets can be based on various metrics, such as revenue growth, profitability, market share, or individual performance. Employees who meet or exceed these goals are entitled to receive a portion of the appreciation in the company's stock value. 2. Time-Vesting SARS: In contrast to Performance-Based SARS, Time-Vesting SARS are granted to employees based on their tenure with the company. Employees receive a predetermined number of SARS that vest over a specific time period, typically ranging from two to five years. Once the SARS fully vest, employees have the right to exercise them and receive the resulting appreciation in the company's stock value. The Utah Stock Appreciation Rights Plan of The Todd-AO Corporation serves as a powerful tool to attract, motivate, and retain top talent in Utah. By linking employee rewards to the company's performance or tenure, The Todd-AO Corporation aims to create a sense of ownership and alignment among its workforce. This helps foster a culture of dedication, innovation, and loyalty within the company. In conclusion, the Utah Stock Appreciation Rights Plan of The Todd-AO Corporation offers employees in Utah the opportunity to participate in the company's financial success through Performance-Based and Time-Vesting SARS. By implementing this plan, The Todd-AO Corporation demonstrates its commitment to recognizing and rewarding employees for their contributions to the company's growth and prosperity.
The Utah Stock Appreciation Rights Plan of The Todd-AO Corporation is a comprehensive program designed to incentivize and reward employees of the company. This plan is specifically tailored for employees in Utah and is part of the overall compensation and benefits package offered by The Todd-AO Corporation. A Stock Appreciation Rights Plan, often referred to as SARS, is an effective tool used by companies to motivate and retain employees by aligning their interests with the company's financial success. Under this plan, eligible employees are granted the opportunity to receive appreciation in the company's stock value over a specific period, without being required to directly purchase company shares. The Utah Stock Appreciation Rights Plan has two main types: Performance-Based and Time-Vesting SARS. 1. Performance-Based SARS: This type of SARS is dependent on the achievement of pre-determined performance goals or targets set by the company. These targets can be based on various metrics, such as revenue growth, profitability, market share, or individual performance. Employees who meet or exceed these goals are entitled to receive a portion of the appreciation in the company's stock value. 2. Time-Vesting SARS: In contrast to Performance-Based SARS, Time-Vesting SARS are granted to employees based on their tenure with the company. Employees receive a predetermined number of SARS that vest over a specific time period, typically ranging from two to five years. Once the SARS fully vest, employees have the right to exercise them and receive the resulting appreciation in the company's stock value. The Utah Stock Appreciation Rights Plan of The Todd-AO Corporation serves as a powerful tool to attract, motivate, and retain top talent in Utah. By linking employee rewards to the company's performance or tenure, The Todd-AO Corporation aims to create a sense of ownership and alignment among its workforce. This helps foster a culture of dedication, innovation, and loyalty within the company. In conclusion, the Utah Stock Appreciation Rights Plan of The Todd-AO Corporation offers employees in Utah the opportunity to participate in the company's financial success through Performance-Based and Time-Vesting SARS. By implementing this plan, The Todd-AO Corporation demonstrates its commitment to recognizing and rewarding employees for their contributions to the company's growth and prosperity.