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.
Franklin Ohio Stock Appreciation Right Plan of Helene Curtis Industries, Inc.
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Helene Curtis continues to be run by the original founding family, and, while remaining a moderately sized company, still commands major shares of its markets, making it one of the fastest growing companies in the multi-billion dollar personal care industry.
By the mid-1950s, Helene Curtis products were being manufactured and sold in 25 countries. In 1956, Helene Curtis went public after 32 years of private ownership (although the Gidwitz family held most of the voting shares until the company's 1996 takeover by Unilever).
In 1996, one year after Helene Curtis moved its headquarters to suburban Rolling Meadows, it was purchased by Unilever, the giant British-Dutch corporation.
Helene Curtis Industries, Inc. manufactures and markets personal care products, primarily shampoo and conditioners, hand and body lotions, and deodorants and antiperspirants. Shampoo constitutes Helene Curtis's primary strength--Suave is one of the top shampoo brands in the United States.