Bexar Texas Stock Appreciation Right Plan of Helene Curtis Industries, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Bexar
• 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 Helene Curtis Industries, Inc. is a well-known consumer goods company that operates in various industries such as beauty, haircare, and personal care. It is important to note that Helene Curtis Industries, Inc. was acquired by Unilever in 1996. Despite this, the Bexar Texas Stock Appreciation Right Plan (SHARP) was a unique employee compensation plan implemented by Helene Curtis Industries, Inc. before its acquisition. The Bexar Texas SHARP was an incentive program designed to reward employees based on the company's performance and stock value appreciation. It aimed to motivate and retain talented employees by providing them with an opportunity to participate in the company's financial success. The plan offered a way for employees to benefit financially from the growth and performance of Helene Curtis Industries, Inc. The Bexar Texas SHARP allowed eligible employees to receive appreciation rights, which would entitle them to a cash payout equivalent to the appreciation in the value of the company's stock over a specified period. The plan acted as an additional bonus arrangement, separate from regular employee compensation. Specific details about the various types of Bexar Texas Stock Appreciation Right Plans offered by Helene Curtis Industries, Inc. are limited. However, it is important to note that different levels or tiers of plans may have been provided to employees based on their position, job level, or tenure. The Bexar Texas SHARP aimed to align the employees' interests with the company's overall business performance and stock value. By tying their financial incentives to the success of the company, employees were encouraged to perform well and contribute to the overall growth and profitability of Helene Curtis Industries, Inc. In summary, the Bexar Texas Stock Appreciation Right Plan was an employee compensation program implemented by Helene Curtis Industries, Inc. to reward employees based on the company's stock value appreciation. Although further specific information about the plan variants is limited, it served as a means to motivate and retain talented employees by providing them with a financial stake in the company's success.

Helene Curtis Industries, Inc. is a well-known consumer goods company that operates in various industries such as beauty, haircare, and personal care. It is important to note that Helene Curtis Industries, Inc. was acquired by Unilever in 1996. Despite this, the Bexar Texas Stock Appreciation Right Plan (SHARP) was a unique employee compensation plan implemented by Helene Curtis Industries, Inc. before its acquisition. The Bexar Texas SHARP was an incentive program designed to reward employees based on the company's performance and stock value appreciation. It aimed to motivate and retain talented employees by providing them with an opportunity to participate in the company's financial success. The plan offered a way for employees to benefit financially from the growth and performance of Helene Curtis Industries, Inc. The Bexar Texas SHARP allowed eligible employees to receive appreciation rights, which would entitle them to a cash payout equivalent to the appreciation in the value of the company's stock over a specified period. The plan acted as an additional bonus arrangement, separate from regular employee compensation. Specific details about the various types of Bexar Texas Stock Appreciation Right Plans offered by Helene Curtis Industries, Inc. are limited. However, it is important to note that different levels or tiers of plans may have been provided to employees based on their position, job level, or tenure. The Bexar Texas SHARP aimed to align the employees' interests with the company's overall business performance and stock value. By tying their financial incentives to the success of the company, employees were encouraged to perform well and contribute to the overall growth and profitability of Helene Curtis Industries, Inc. In summary, the Bexar Texas Stock Appreciation Right Plan was an employee compensation program implemented by Helene Curtis Industries, Inc. to reward employees based on the company's stock value appreciation. Although further specific information about the plan variants is limited, it served as a means to motivate and retain talented employees by providing them with a financial stake in the company's success.