King Washington Stock Appreciation Right Plan of Helene Curtis Industries, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: King
• 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 King Washington Stock Appreciation Right Plan is an employee benefit program offered by Helene Curtis Industries, Inc. This plan provides employees with an opportunity to participate in the company's growth by granting them stock appreciation rights (SARS). Now, let's delve into the details and explore various aspects of the King Washington Stock Appreciation Right Plan. 1. Introduction to the King Washington Stock Appreciation Right Plan: The King Washington Stock Appreciation Right Plan is a compensation approach implemented by Helene Curtis Industries, Inc. It aims to reward employees by offering them the chance to benefit from the company's stock value appreciation over a certain period. 2. Understanding Stock Appreciation Rights (SARS): Stock Appreciation Rights, or SARS, represent the core element of the King Washington plan. SARS entitle employees to receive compensation based on the increase in the company's stock price between the grant date and the exercise date. This allows employees to profit without directly buying company shares. 3. Eligibility and Participation: The plan's eligibility criteria are typically determined by the employer. This may include factors such as an employee's position, tenure, and performance. Once deemed eligible, employees must actively choose to participate in the King Washington Stock Appreciation Right Plan. 4. Granting Process: Under the King Washington plan, SARS are granted to eligible employees at a predetermined price or exercise price. The plan may specify the vesting period during which employees must remain with the company to earn the right to exercise their SARS. 5. Exercise and Settlement: Upon meeting the specified vesting requirements, participants can exercise their SARS, which involves directly receiving the appreciation in stock value. The exercise price is typically the fair market value of the company's stock on the grant date. Settlement can occur through cash, company stock, or a combination of the two, depending on the plan. 6. Tax Implications: Participants should consider the tax implications associated with the King Washington Stock Appreciation Right Plan. The company may withhold taxes upon exercise or settlement. It is advisable for employees to consult with a tax professional for guidance on tax planning and potential implications. 7. Additional Types of King Washington Stock Appreciation Right Plans: While the exact variations may differ, additional types of the King Washington Stock Appreciation Right Plan may include options like Restricted Stock Units (RSS), Performance Stock Units (Plus), or Employee Stock Purchase Plans (ESPN). These variations provide different ways for employees to participate in the company's growth and align their interests with the organization's goals. In summary, the King Washington Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a comprehensive compensation program that grants employees SARS. Through this plan, participants have the opportunity to benefit from the company's stock price appreciation over time. It is important for employees to understand the plan's terms, eligibility criteria, taxation aspects, and exercise/settlement processes to make the most informed decisions regarding their participation.

The King Washington Stock Appreciation Right Plan is an employee benefit program offered by Helene Curtis Industries, Inc. This plan provides employees with an opportunity to participate in the company's growth by granting them stock appreciation rights (SARS). Now, let's delve into the details and explore various aspects of the King Washington Stock Appreciation Right Plan. 1. Introduction to the King Washington Stock Appreciation Right Plan: The King Washington Stock Appreciation Right Plan is a compensation approach implemented by Helene Curtis Industries, Inc. It aims to reward employees by offering them the chance to benefit from the company's stock value appreciation over a certain period. 2. Understanding Stock Appreciation Rights (SARS): Stock Appreciation Rights, or SARS, represent the core element of the King Washington plan. SARS entitle employees to receive compensation based on the increase in the company's stock price between the grant date and the exercise date. This allows employees to profit without directly buying company shares. 3. Eligibility and Participation: The plan's eligibility criteria are typically determined by the employer. This may include factors such as an employee's position, tenure, and performance. Once deemed eligible, employees must actively choose to participate in the King Washington Stock Appreciation Right Plan. 4. Granting Process: Under the King Washington plan, SARS are granted to eligible employees at a predetermined price or exercise price. The plan may specify the vesting period during which employees must remain with the company to earn the right to exercise their SARS. 5. Exercise and Settlement: Upon meeting the specified vesting requirements, participants can exercise their SARS, which involves directly receiving the appreciation in stock value. The exercise price is typically the fair market value of the company's stock on the grant date. Settlement can occur through cash, company stock, or a combination of the two, depending on the plan. 6. Tax Implications: Participants should consider the tax implications associated with the King Washington Stock Appreciation Right Plan. The company may withhold taxes upon exercise or settlement. It is advisable for employees to consult with a tax professional for guidance on tax planning and potential implications. 7. Additional Types of King Washington Stock Appreciation Right Plans: While the exact variations may differ, additional types of the King Washington Stock Appreciation Right Plan may include options like Restricted Stock Units (RSS), Performance Stock Units (Plus), or Employee Stock Purchase Plans (ESPN). These variations provide different ways for employees to participate in the company's growth and align their interests with the organization's goals. In summary, the King Washington Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a comprehensive compensation program that grants employees SARS. Through this plan, participants have the opportunity to benefit from the company's stock price appreciation over time. It is important for employees to understand the plan's terms, eligibility criteria, taxation aspects, and exercise/settlement processes to make the most informed decisions regarding their participation.