Wake North Carolina Proposal to approve material terms of stock appreciation right plan

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Wake
• Control #: US-CC-18-395-NE
• Format: Word; Rich Text

Description

This sample form, a detailed Proposal to Approve Material Terms of Stock Appreciation Right Plan document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats. Wake North Carolina Proposal to Approve Material Terms of Stock Appreciation Right Plan In Wake, North Carolina, a proposal has been put forward to approve the material terms of a stock appreciation right (SAR) plan. This plan aims to provide employees with an additional incentive to contribute to the growth and success of the company by rewarding them with stock appreciation rights. Under this proposal, employees will be granted the opportunity to receive SARS, which are a type of equity-based compensation. SARS gives the employees the right to receive the appreciation of the company's stock over a specified period of time. Key terms of the Wake North Carolina Proposal: 1. Eligibility: The SAR plan will be available to eligible employees of the company. Eligibility criteria may include factors such as job position, tenure, or performance metrics. 2. Granting SARS: The plan will outline the process for granting SARS to eligible employees. This process may involve determining the number of SARS awarded, vesting schedules, and any performance targets that must be met to receive SARS. 3. Exercise and Settlement: Employees will have the right to exercise their SARS and receive the monetary value equivalent to the stock appreciation. The plan will specify the exercise period and the settlement process, including procedures for cash or stock settlement. 4. Adjustments: The Wake North Carolina proposal may also cover provisions for adjustments in the SAR plan, such as in the event of stock splits, mergers, or other corporate transactions. These adjustments aim to ensure that the plan remains fair and equitable for participants. 5. Termination or Amendment: The proposal may outline the circumstances under which the SAR plan can be terminated or amended, including changes to the plan's terms, conditions, or administration procedures. This provides flexibility for future modifications to align with evolving business needs. Various types of SAR plans under consideration within the Wake North Carolina Proposal may include: 1. Phantom Stock SAR Plan: This type of plan provides employees with a cash payment equivalent to the appreciation in the value of hypothetical shares. 2. Cash SAR Plan: Under this plan, employees receive a cash payment equivalent to the appreciation in the company's stock value. 3. Stock-settled SAR Plan: This type of plan allows employees to receive actual shares of the company's stock, instead of cash, when exercising SARS. 4. Performance-based SAR Plan: This plan may tie the award of SARS to the attainment of specific performance targets or goals, motivating employees to strive for superior results. In summary, the Wake North Carolina Proposal aims to approve the material terms of a stock appreciation right plan, granting eligible employees the opportunity to receive SARS. This proposal outlines the key aspects, including eligibility, granting process, exercise, and settlement procedures, as well as provisions for adjustments and plan termination or amendment. Various types of SAR plans, such as phantom stock, cash SAR, stock-settled SAR, and performance-based SAR may be considered within this proposal.

Wake North Carolina Proposal to Approve Material Terms of Stock Appreciation Right Plan In Wake, North Carolina, a proposal has been put forward to approve the material terms of a stock appreciation right (SAR) plan. This plan aims to provide employees with an additional incentive to contribute to the growth and success of the company by rewarding them with stock appreciation rights. Under this proposal, employees will be granted the opportunity to receive SARS, which are a type of equity-based compensation. SARS gives the employees the right to receive the appreciation of the company's stock over a specified period of time. Key terms of the Wake North Carolina Proposal: 1. Eligibility: The SAR plan will be available to eligible employees of the company. Eligibility criteria may include factors such as job position, tenure, or performance metrics. 2. Granting SARS: The plan will outline the process for granting SARS to eligible employees. This process may involve determining the number of SARS awarded, vesting schedules, and any performance targets that must be met to receive SARS. 3. Exercise and Settlement: Employees will have the right to exercise their SARS and receive the monetary value equivalent to the stock appreciation. The plan will specify the exercise period and the settlement process, including procedures for cash or stock settlement. 4. Adjustments: The Wake North Carolina proposal may also cover provisions for adjustments in the SAR plan, such as in the event of stock splits, mergers, or other corporate transactions. These adjustments aim to ensure that the plan remains fair and equitable for participants. 5. Termination or Amendment: The proposal may outline the circumstances under which the SAR plan can be terminated or amended, including changes to the plan's terms, conditions, or administration procedures. This provides flexibility for future modifications to align with evolving business needs. Various types of SAR plans under consideration within the Wake North Carolina Proposal may include: 1. Phantom Stock SAR Plan: This type of plan provides employees with a cash payment equivalent to the appreciation in the value of hypothetical shares. 2. Cash SAR Plan: Under this plan, employees receive a cash payment equivalent to the appreciation in the company's stock value. 3. Stock-settled SAR Plan: This type of plan allows employees to receive actual shares of the company's stock, instead of cash, when exercising SARS. 4. Performance-based SAR Plan: This plan may tie the award of SARS to the attainment of specific performance targets or goals, motivating employees to strive for superior results. In summary, the Wake North Carolina Proposal aims to approve the material terms of a stock appreciation right plan, granting eligible employees the opportunity to receive SARS. This proposal outlines the key aspects, including eligibility, granting process, exercise, and settlement procedures, as well as provisions for adjustments and plan termination or amendment. Various types of SAR plans, such as phantom stock, cash SAR, stock-settled SAR, and performance-based SAR may be considered within this proposal.