Wyoming 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 Wyoming Stock Appreciation Rights (SAR) Plan is a comprehensive compensation program offered by The Todd-AO Corporation, a reputable company based in the state of Wyoming. This plan aims to reward and incentivize employees by providing them with a stake in the company's success and growth. Under the Wyoming SAR Plan, eligible employees are granted the opportunity to earn stock appreciation rights, which represent the increase in the company's stock price over a predetermined period. These rights are not actual stock ownership but rather a form of bonus or compensation tied to the company's stock performance. The Wyoming SAR Plan offers various types of stock appreciation rights, namely: 1. Performance-based SARS: These rights are granted to employees based on achieving specific performance targets or milestones set by the company. These targets may encompass financial metrics, market share growth, or other key performance indicators deemed relevant to the company's success. 2. Time-based SARS: These rights are granted to employees based on the completion of a specific period of service with the company. For instance, an employee may receive a certain percentage of SARS annually, vested over a period of three to five years. 3. Restricted SARS: These rights are subject to certain conditions or restrictions, such as remaining employed with the company for a specified duration or achieving certain performance goals. Restricted SARS may also be tied to the company's stock price performance over a set period. 4. Reload SARS: This type of SAR allows employees to cash in their earned SARS and simultaneously receive new SARS based on the additional stock appreciation. Reload SARS encourage continued participation and long-term commitment from employees. The Wyoming SAR Plan aims to align the interests of employees with the company's shareholders, fostering a sense of ownership and accountability. When the stock price increases, employees with vested SARS can choose to exercise them, receiving a cash payout equal to the difference between the stock's current value and the grant price. By implementing the Wyoming SAR Plan, The Todd-AO Corporation empowers its employees and recognizes their contributions to its success. This SARS serve as a valuable tool for attracting and retaining talented individuals while driving performance and growth within the company.

The Wyoming Stock Appreciation Rights (SAR) Plan is a comprehensive compensation program offered by The Todd-AO Corporation, a reputable company based in the state of Wyoming. This plan aims to reward and incentivize employees by providing them with a stake in the company's success and growth. Under the Wyoming SAR Plan, eligible employees are granted the opportunity to earn stock appreciation rights, which represent the increase in the company's stock price over a predetermined period. These rights are not actual stock ownership but rather a form of bonus or compensation tied to the company's stock performance. The Wyoming SAR Plan offers various types of stock appreciation rights, namely: 1. Performance-based SARS: These rights are granted to employees based on achieving specific performance targets or milestones set by the company. These targets may encompass financial metrics, market share growth, or other key performance indicators deemed relevant to the company's success. 2. Time-based SARS: These rights are granted to employees based on the completion of a specific period of service with the company. For instance, an employee may receive a certain percentage of SARS annually, vested over a period of three to five years. 3. Restricted SARS: These rights are subject to certain conditions or restrictions, such as remaining employed with the company for a specified duration or achieving certain performance goals. Restricted SARS may also be tied to the company's stock price performance over a set period. 4. Reload SARS: This type of SAR allows employees to cash in their earned SARS and simultaneously receive new SARS based on the additional stock appreciation. Reload SARS encourage continued participation and long-term commitment from employees. The Wyoming SAR Plan aims to align the interests of employees with the company's shareholders, fostering a sense of ownership and accountability. When the stock price increases, employees with vested SARS can choose to exercise them, receiving a cash payout equal to the difference between the stock's current value and the grant price. By implementing the Wyoming SAR Plan, The Todd-AO Corporation empowers its employees and recognizes their contributions to its success. This SARS serve as a valuable tool for attracting and retaining talented individuals while driving performance and growth within the company.