Kings New York Stock Appreciation Right Plan of Helene Curtis Industries, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Kings
• 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 Kings New York Stock Appreciation Right Plan is a unique employee benefit program offered by Helene Curtis Industries, Inc., a renowned consumer products company. This plan allows eligible employees to benefit from the company's growth by granting them the opportunity to receive additional compensation based on the appreciation in the company's stock price. Under this plan, employees are awarded Stock Appreciation Rights (SARS) instead of actual stocks. SARS provide employees with the right to receive a cash payment, equivalent to the increase in the company's stock price over a specified period. The plan aims to incentivize employees to contribute to the company's growth and align their interests with the shareholders. The Kings New York Stock Appreciation Right Plan operates in multiple types, including: 1. Performance-Based SARS: This type of SARS is awarded based on the company's performance against predetermined goals and targets. Employees receive the cash payment only if the company achieves or exceeds the specified performance criteria. 2. Time-Vested SARS: This SARS become eligible for exercise and payment after a certain period of time, also known as the vesting period. Employees must fulfill the specified service requirements to receive the benefit. 3. Performance and Time-Vested SARS: In this type, SARS are subject to both performance-based conditions and time-based vesting requirements. Employees must meet both the performance targets and the continued service criteria to exercise their rights and receive the cash payment. The Kings New York Stock Appreciation Right Plan provides employees with a significant financial opportunity by allowing them to participate in the company's success without directly purchasing stocks. It motivates employees to focus on achieving company objectives, driving growth, and enhancing shareholder value. Key benefits of this plan include attracting and retaining top talent, aligning employee and shareholder interests, fostering loyalty, and motivating employees to contribute to the company's long-term success. By rewarding employees with cash payments tied to the company's stock performance, Helene Curtis Industries, Inc. ensures that its workforce remains engaged, dedicated, and invested in the company's future. Overall, the Kings New York Stock Appreciation Right Plan serves as a powerful tool for promoting employee ownership and encouraging a culture of commitment, collaboration, and innovation within Helene Curtis Industries, Inc.

The Kings New York Stock Appreciation Right Plan is a unique employee benefit program offered by Helene Curtis Industries, Inc., a renowned consumer products company. This plan allows eligible employees to benefit from the company's growth by granting them the opportunity to receive additional compensation based on the appreciation in the company's stock price. Under this plan, employees are awarded Stock Appreciation Rights (SARS) instead of actual stocks. SARS provide employees with the right to receive a cash payment, equivalent to the increase in the company's stock price over a specified period. The plan aims to incentivize employees to contribute to the company's growth and align their interests with the shareholders. The Kings New York Stock Appreciation Right Plan operates in multiple types, including: 1. Performance-Based SARS: This type of SARS is awarded based on the company's performance against predetermined goals and targets. Employees receive the cash payment only if the company achieves or exceeds the specified performance criteria. 2. Time-Vested SARS: This SARS become eligible for exercise and payment after a certain period of time, also known as the vesting period. Employees must fulfill the specified service requirements to receive the benefit. 3. Performance and Time-Vested SARS: In this type, SARS are subject to both performance-based conditions and time-based vesting requirements. Employees must meet both the performance targets and the continued service criteria to exercise their rights and receive the cash payment. The Kings New York Stock Appreciation Right Plan provides employees with a significant financial opportunity by allowing them to participate in the company's success without directly purchasing stocks. It motivates employees to focus on achieving company objectives, driving growth, and enhancing shareholder value. Key benefits of this plan include attracting and retaining top talent, aligning employee and shareholder interests, fostering loyalty, and motivating employees to contribute to the company's long-term success. By rewarding employees with cash payments tied to the company's stock performance, Helene Curtis Industries, Inc. ensures that its workforce remains engaged, dedicated, and invested in the company's future. Overall, the Kings New York Stock Appreciation Right Plan serves as a powerful tool for promoting employee ownership and encouraging a culture of commitment, collaboration, and innovation within Helene Curtis Industries, Inc.