Broward Florida Stock Appreciation Right Plan of Helene Curtis Industries, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Broward
• 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 Broward Florida Stock Appreciation Right Plan is a compensation program administered by Helene Curtis Industries, Inc., a prominent consumer products company. This plan is designed to provide employees with an opportunity to earn additional compensation based on the growth in Helene Curtis Industries' stock price. Under the Broward Florida Stock Appreciation Right Plan, eligible employees are granted stock appreciation rights (SARS) that entitle them to receive a payout in cash or company stock. SARS represents the increase in the value of Helene Curtis Industries' stock over a predetermined period. One type of SAR offered under the plan is the Full-Value Stock Appreciation Right. With this type, employees receive the full value of the appreciation in the stock price as determined at the time of exercise — the difference between the grant price and the fair market value of the stock. This provides employees with a direct financial benefit tied to the growth of the company. Another type is the Phantom Stock Appreciation Right. Unlike the Full-Value SARS, Phantom SARS do not grant actual company stock to employees. Instead, employees receive a cash payout equivalent to the appreciation in the stock price, similar to receiving dividends. This type of SAR allows employees to participate in the company's success without actually owning stock. The Broward Florida Stock Appreciation Right Plan serves as a means for Helene Curtis Industries to attract and retain talented employees by providing them with a stake in the company's performance. It encourages employees to contribute to the company's growth and success, aligning their interests with those of the shareholders. Key benefits of the plan for employees include the opportunity for additional compensation, potential tax advantages, and the ability to share in the company's stock price appreciation. Employees can also diversify their compensation portfolio by participating in the plan, which may include both cash and stock payouts. Overall, the Broward Florida Stock Appreciation Right Plan is a valuable tool for Helene Curtis Industries in motivating and rewarding its employees. It promotes loyalty, engagement, and a sense of ownership, fostering a positive corporate culture and driving the company's long-term profitability.

The Broward Florida Stock Appreciation Right Plan is a compensation program administered by Helene Curtis Industries, Inc., a prominent consumer products company. This plan is designed to provide employees with an opportunity to earn additional compensation based on the growth in Helene Curtis Industries' stock price. Under the Broward Florida Stock Appreciation Right Plan, eligible employees are granted stock appreciation rights (SARS) that entitle them to receive a payout in cash or company stock. SARS represents the increase in the value of Helene Curtis Industries' stock over a predetermined period. One type of SAR offered under the plan is the Full-Value Stock Appreciation Right. With this type, employees receive the full value of the appreciation in the stock price as determined at the time of exercise — the difference between the grant price and the fair market value of the stock. This provides employees with a direct financial benefit tied to the growth of the company. Another type is the Phantom Stock Appreciation Right. Unlike the Full-Value SARS, Phantom SARS do not grant actual company stock to employees. Instead, employees receive a cash payout equivalent to the appreciation in the stock price, similar to receiving dividends. This type of SAR allows employees to participate in the company's success without actually owning stock. The Broward Florida Stock Appreciation Right Plan serves as a means for Helene Curtis Industries to attract and retain talented employees by providing them with a stake in the company's performance. It encourages employees to contribute to the company's growth and success, aligning their interests with those of the shareholders. Key benefits of the plan for employees include the opportunity for additional compensation, potential tax advantages, and the ability to share in the company's stock price appreciation. Employees can also diversify their compensation portfolio by participating in the plan, which may include both cash and stock payouts. Overall, the Broward Florida Stock Appreciation Right Plan is a valuable tool for Helene Curtis Industries in motivating and rewarding its employees. It promotes loyalty, engagement, and a sense of ownership, fostering a positive corporate culture and driving the company's long-term profitability.