Franklin Ohio Stock Appreciation Right Plan of Helene Curtis Industries, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Franklin
• 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 Franklin Ohio Stock Appreciation Right Plan is a compensation program implemented by Helene Curtis Industries, Inc., a renowned consumer goods company. This plan offers employees an opportunity to participate in the company's growth by granting them stock appreciation rights (SARS). SARS enable employees to receive cash payments equal to the appreciation in the company's stock value over a specified period. Under the Franklin Ohio Stock Appreciation Right Plan, Helene Curtis Industries, Inc. introduces several variations, each with distinct characteristics to suit employees' needs. Some different types include: 1. Performance-Based SARS: This type of SAR is granted based on an employee's individual or team performance. Employees receive SARS if they accomplish predetermined performance goals, such as achieving sales targets or launching successful marketing campaigns. This incentivizes employees to contribute to the company's growth and enhances its overall performance. 2. Time-Vested SARS: Time-based SARS are granted to employees based on their tenure with the company. Employees become eligible for SARS following a specific period of continuous service, typically ranging from one to five years. This encourages employee loyalty and retention while providing them with a long-term incentive to contribute to the company's success. 3. Group SARS: This type of SAR is bestowed upon a group of employees who collectively achieve certain performance criteria. It rewards teamwork, collaboration, and collective effort. Group SARS strengthen the bond among employees, foster a supportive work culture, and encourage mutual growth. 4. Executive SARS: Helene Curtis Industries, Inc. may also offer an executive-specific SAR plan, designed specifically for high-level executives. This plan usually includes higher grant amounts, additional performance metrics, and more substantial rewards to align with the executive's strategic responsibilities and contributions to the company's success. The Franklin Ohio Stock Appreciation Right Plan of Helene Curtis Industries, Inc. empowers employees, at various levels and roles, to be active participants in the company's growth. By granting SARS, the company ensures that employees directly benefit from increases in stock value, encouraging a sense of ownership and motivation. This plan not only fosters a positive work culture but also helps attract and retain highly skilled individuals who are committed to driving the company's success.

The Franklin Ohio Stock Appreciation Right Plan is a compensation program implemented by Helene Curtis Industries, Inc., a renowned consumer goods company. This plan offers employees an opportunity to participate in the company's growth by granting them stock appreciation rights (SARS). SARS enable employees to receive cash payments equal to the appreciation in the company's stock value over a specified period. Under the Franklin Ohio Stock Appreciation Right Plan, Helene Curtis Industries, Inc. introduces several variations, each with distinct characteristics to suit employees' needs. Some different types include: 1. Performance-Based SARS: This type of SAR is granted based on an employee's individual or team performance. Employees receive SARS if they accomplish predetermined performance goals, such as achieving sales targets or launching successful marketing campaigns. This incentivizes employees to contribute to the company's growth and enhances its overall performance. 2. Time-Vested SARS: Time-based SARS are granted to employees based on their tenure with the company. Employees become eligible for SARS following a specific period of continuous service, typically ranging from one to five years. This encourages employee loyalty and retention while providing them with a long-term incentive to contribute to the company's success. 3. Group SARS: This type of SAR is bestowed upon a group of employees who collectively achieve certain performance criteria. It rewards teamwork, collaboration, and collective effort. Group SARS strengthen the bond among employees, foster a supportive work culture, and encourage mutual growth. 4. Executive SARS: Helene Curtis Industries, Inc. may also offer an executive-specific SAR plan, designed specifically for high-level executives. This plan usually includes higher grant amounts, additional performance metrics, and more substantial rewards to align with the executive's strategic responsibilities and contributions to the company's success. The Franklin Ohio Stock Appreciation Right Plan of Helene Curtis Industries, Inc. empowers employees, at various levels and roles, to be active participants in the company's growth. By granting SARS, the company ensures that employees directly benefit from increases in stock value, encouraging a sense of ownership and motivation. This plan not only fosters a positive work culture but also helps attract and retain highly skilled individuals who are committed to driving the company's success.