Virginia 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 Virginia Stock Appreciation Right (SAR) Plan of Helene Curtis Industries, Inc. is a compensation program specifically designed to incentivize and reward employees of the company based on the performance and appreciation of the company's stock. This plan aims to align the interests of employees with those of shareholders, encouraging growth and enhancing the overall value of the organization. Created by Helene Curtis Industries, Inc., the Virginia SAR Plan provides employees the opportunity to benefit directly from the increase in the company's stock price over a predetermined period. In simple terms, the plan grants eligible employees the right to receive a cash payment equal to the appreciation in the company's stock value. The Virginia SAR Plan operates under a set of specific rules and criteria, ensuring fairness and transparency throughout the process. Eligibility typically extends to a select group of management-level employees, chosen by the company's board of directors. Participants are allocated a certain number of SAR units, which represent the right to receive a cash payment tied to the increase in the stock price. The plan outlines a vesting schedule, which specifies the length of time an employee must remain with the company to fully realize the benefits of the SAR units. Vesting periods can vary and are generally structured over multiple years, promoting employee loyalty and retention. Upon meeting the vesting requirements, participants can exercise their SAR units and receive a cash payment. The amount of the payment is calculated by multiplying the number of vested SAR units by the difference between the stock price at the time of exercise and the grant price (which is typically the stock price at the time of the SAR unit allocation). While the Virginia SAR Plan of Helene Curtis Industries, Inc. generally operates in this manner, it's important to note that the specifics may vary based on the company's internal policies and current market conditions. Overall, the Virginia Stock Appreciation Right Plan of Helene Curtis Industries, Inc. acts as a performance-based remuneration tool, motivating employees to contribute to the company's success and fostering a sense of ownership.

The Virginia Stock Appreciation Right (SAR) Plan of Helene Curtis Industries, Inc. is a compensation program specifically designed to incentivize and reward employees of the company based on the performance and appreciation of the company's stock. This plan aims to align the interests of employees with those of shareholders, encouraging growth and enhancing the overall value of the organization. Created by Helene Curtis Industries, Inc., the Virginia SAR Plan provides employees the opportunity to benefit directly from the increase in the company's stock price over a predetermined period. In simple terms, the plan grants eligible employees the right to receive a cash payment equal to the appreciation in the company's stock value. The Virginia SAR Plan operates under a set of specific rules and criteria, ensuring fairness and transparency throughout the process. Eligibility typically extends to a select group of management-level employees, chosen by the company's board of directors. Participants are allocated a certain number of SAR units, which represent the right to receive a cash payment tied to the increase in the stock price. The plan outlines a vesting schedule, which specifies the length of time an employee must remain with the company to fully realize the benefits of the SAR units. Vesting periods can vary and are generally structured over multiple years, promoting employee loyalty and retention. Upon meeting the vesting requirements, participants can exercise their SAR units and receive a cash payment. The amount of the payment is calculated by multiplying the number of vested SAR units by the difference between the stock price at the time of exercise and the grant price (which is typically the stock price at the time of the SAR unit allocation). While the Virginia SAR Plan of Helene Curtis Industries, Inc. generally operates in this manner, it's important to note that the specifics may vary based on the company's internal policies and current market conditions. Overall, the Virginia Stock Appreciation Right Plan of Helene Curtis Industries, Inc. acts as a performance-based remuneration tool, motivating employees to contribute to the company's success and fostering a sense of ownership.