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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Hillsborough
• 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 Hillsborough Florida Stock Appreciation Right Plan is a compensation program offered by Helene Curtis Industries, Inc. to its employees. This plan aims to reward the employees for their contributions and motivate them to achieve the company's goals. Here is a detailed description of the plan, highlighting its key features and benefits. Helene Curtis Industries, Inc. is a renowned company operating in Hillsborough, Florida. As part of its efforts to attract and retain top talent, the company has introduced the Hillsborough Florida Stock Appreciation Right Plan. This plan allows eligible employees to receive additional compensation linked to the company's stock price appreciation over a specified period. The Stock Appreciation Right (SAR) Plan is designed to provide employees with an opportunity to benefit from the growth of the company's stock value. By granting employees the rights to receive cash or stock equivalent to the appreciation in the company's stock price, Helene Curtis Industries, Inc. aims to align the interests of its employees with those of the company's shareholders. The Hillsborough Florida Stock Appreciation Right Plan offers several types of SARS to accommodate different employee needs: 1. Employee SARS: These are the most commonly granted SARS under the plan. Eligible employees become entitled to a specific number of SARS, which will be converted into cash or stock at the end of the vesting period based on the appreciation in the company's stock price. 2. Executive SARS: This type of SAR is offered to executives and senior management. Executive SARS typically have more generous terms and conditions compared to regular employee SARS, reflecting the higher level of responsibility and contribution from executives to the company's success. 3. Performance-based SARS: This SARS is granted based on the achievement of predetermined performance goals set by Helene Curtis Industries, Inc. If the company attains or exceeds these goals, eligible employees will receive SARS proportional to their performance. This type of SAR incentivizes employees to actively contribute to the company's overall performance. 4. Long-term SARS: Long-term SARS have an extended vesting period, often ranging from 3 to 5 years. This enables employees to benefit from the company's growth over the long term and promotes loyalty and commitment to Helene Curtis Industries, Inc. The Hillsborough Florida Stock Appreciation Right Plan is an excellent tool for Helene Curtis Industries, Inc. to attract and retain talented employees. It not only offers a competitive compensation package but also encourages employees to actively participate in the company's success. By sharing the rewards of stock price appreciation, the plan fosters a sense of ownership and motivates employees to align their efforts with the company's overall growth objectives. In conclusion, the Hillsborough Florida Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a comprehensive compensation program that grants eligible employees the rights to receive cash or stock equivalent to the appreciation in the company's stock price. With different types of SARS available, including employee SARS, executive SARS, performance-based SARS, and long-term SARS, this plan ensures that employees are rewarded based on their contributions and the company's performance.

The Hillsborough Florida Stock Appreciation Right Plan is a compensation program offered by Helene Curtis Industries, Inc. to its employees. This plan aims to reward the employees for their contributions and motivate them to achieve the company's goals. Here is a detailed description of the plan, highlighting its key features and benefits. Helene Curtis Industries, Inc. is a renowned company operating in Hillsborough, Florida. As part of its efforts to attract and retain top talent, the company has introduced the Hillsborough Florida Stock Appreciation Right Plan. This plan allows eligible employees to receive additional compensation linked to the company's stock price appreciation over a specified period. The Stock Appreciation Right (SAR) Plan is designed to provide employees with an opportunity to benefit from the growth of the company's stock value. By granting employees the rights to receive cash or stock equivalent to the appreciation in the company's stock price, Helene Curtis Industries, Inc. aims to align the interests of its employees with those of the company's shareholders. The Hillsborough Florida Stock Appreciation Right Plan offers several types of SARS to accommodate different employee needs: 1. Employee SARS: These are the most commonly granted SARS under the plan. Eligible employees become entitled to a specific number of SARS, which will be converted into cash or stock at the end of the vesting period based on the appreciation in the company's stock price. 2. Executive SARS: This type of SAR is offered to executives and senior management. Executive SARS typically have more generous terms and conditions compared to regular employee SARS, reflecting the higher level of responsibility and contribution from executives to the company's success. 3. Performance-based SARS: This SARS is granted based on the achievement of predetermined performance goals set by Helene Curtis Industries, Inc. If the company attains or exceeds these goals, eligible employees will receive SARS proportional to their performance. This type of SAR incentivizes employees to actively contribute to the company's overall performance. 4. Long-term SARS: Long-term SARS have an extended vesting period, often ranging from 3 to 5 years. This enables employees to benefit from the company's growth over the long term and promotes loyalty and commitment to Helene Curtis Industries, Inc. The Hillsborough Florida Stock Appreciation Right Plan is an excellent tool for Helene Curtis Industries, Inc. to attract and retain talented employees. It not only offers a competitive compensation package but also encourages employees to actively participate in the company's success. By sharing the rewards of stock price appreciation, the plan fosters a sense of ownership and motivates employees to align their efforts with the company's overall growth objectives. In conclusion, the Hillsborough Florida Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a comprehensive compensation program that grants eligible employees the rights to receive cash or stock equivalent to the appreciation in the company's stock price. With different types of SARS available, including employee SARS, executive SARS, performance-based SARS, and long-term SARS, this plan ensures that employees are rewarded based on their contributions and the company's performance.