Wyoming 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 Wyoming Stock Appreciation Right Plan (WARP) is a type of employee compensation program offered by Helene Curtis Industries, Inc., a leading consumer goods company. This plan is designed to reward employees by providing them with the opportunity to participate in the company's growth and benefit from the appreciation of its stock value. The WARP offers employees the right to receive cash or shares of Helene Curtis Industries, Inc. stock based on the increase in the company's stock price over a specific period. By granting stock appreciation rights (SARS), the company encourages employee ownership and aligns their interests with the long-term success of the company. There are several types of WARP within Helene Curtis Industries, Inc., tailored to meet different employee needs and objectives. These variations include: 1. Performance-based SARS: This SARS is awarded to employees based on the achievement of pre-determined performance goals or targets set by the company. They serve as an incentive for employees to enhance their individual and team performance, ultimately contributing to the overall growth of the company. 2. Time-based SARS: With this type of SAR, employees become eligible to exercise their rights gradually over a specific period. For example, an employee may be entitled to exercise a certain percentage of their SARS each year for a predetermined number of years, incentivizing them to remain with the company for the long term. 3. Balanced SARS: This plan combines both performance-based and time-based SARS. It rewards employees for achieving specific performance targets while also providing them with the opportunity to exercise their SARS over a designated time period. 4. Executive SARS: This SARS is typically granted to top-level executives within Helene Curtis Industries, Inc. They aim to attract and retain high-caliber talent and align executive compensation with the company's strategic goals. Executive SARS often come with additional benefits, such as accelerated vesting or higher exercise ratios. The WARP of Helene Curtis Industries, Inc. demonstrates the company's commitment to recognizing and rewarding employees for their contributions to the company's success. This program not only fosters a sense of ownership among employees but also motivates them to drive the company's growth and enhance shareholder value.

Wyoming Stock Appreciation Right Plan (WARP) is a type of employee compensation program offered by Helene Curtis Industries, Inc., a leading consumer goods company. This plan is designed to reward employees by providing them with the opportunity to participate in the company's growth and benefit from the appreciation of its stock value. The WARP offers employees the right to receive cash or shares of Helene Curtis Industries, Inc. stock based on the increase in the company's stock price over a specific period. By granting stock appreciation rights (SARS), the company encourages employee ownership and aligns their interests with the long-term success of the company. There are several types of WARP within Helene Curtis Industries, Inc., tailored to meet different employee needs and objectives. These variations include: 1. Performance-based SARS: This SARS is awarded to employees based on the achievement of pre-determined performance goals or targets set by the company. They serve as an incentive for employees to enhance their individual and team performance, ultimately contributing to the overall growth of the company. 2. Time-based SARS: With this type of SAR, employees become eligible to exercise their rights gradually over a specific period. For example, an employee may be entitled to exercise a certain percentage of their SARS each year for a predetermined number of years, incentivizing them to remain with the company for the long term. 3. Balanced SARS: This plan combines both performance-based and time-based SARS. It rewards employees for achieving specific performance targets while also providing them with the opportunity to exercise their SARS over a designated time period. 4. Executive SARS: This SARS is typically granted to top-level executives within Helene Curtis Industries, Inc. They aim to attract and retain high-caliber talent and align executive compensation with the company's strategic goals. Executive SARS often come with additional benefits, such as accelerated vesting or higher exercise ratios. The WARP of Helene Curtis Industries, Inc. demonstrates the company's commitment to recognizing and rewarding employees for their contributions to the company's success. This program not only fosters a sense of ownership among employees but also motivates them to drive the company's growth and enhance shareholder value.