Oakland Michigan Stock Appreciation Right Plan of Helene Curtis Industries, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Oakland
• 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 Oakland Michigan Stock Appreciation Right Plan is a unique program implemented by Helene Curtis Industries, Inc., aimed at providing its employees in the Oakland district of Michigan a chance to participate in the company's success and increase their financial worth. This plan grants eligible employees a form of compensation in the form of Stock Appreciation Rights (SARS), which allows them to benefit from the appreciation of the company's stock prices over a specific period. Under this plan, employees who meet the predetermined eligibility criteria will be granted a certain number of SARS, which represent the right to receive a cash amount equivalent to the appreciation in the value of Helene Curtis Industries' stock during a stated period. The plan serves as a powerful motivator for employees to contribute their best efforts, aligning their personal financial interests with the company's overall growth and success. The Oakland Michigan Stock Appreciation Right Plan offers participants the opportunity to build wealth and foster a sense of ownership within the company. As the company's stock value rises, employees can exercise their rights and receive the corresponding financial benefits. This allows employees to directly benefit from the company's performance, resulting in increased job satisfaction, loyalty, and incentivizing innovation and productivity. There may be different types or variations of the Oakland Michigan Stock Appreciation Right Plan of Helene Curtis Industries, Inc., tailored to suit specific organizational needs or employee preferences. Some potential types or variations might include: 1. Performance-based SARS: This type of plan could tie the stock appreciation rights to the achievement of specific performance metrics, such as surpassing sales targets, increasing market share, or meeting financial objectives. By linking the stock appreciation rights to performance, the company encourages employees to actively contribute to the company's growth and success. 2. Time-based SARS: This variation of the plan grants SARS based on an employee's tenure with the company. As employees spend more time with the organization, they become eligible for a greater number of SARS. This type of plan aims to reward loyalty and long-term commitment from employees. 3. Restricted SARS: In this variation, SARS may have certain restrictions or vesting schedules attached to them. For example, employees might need to wait for a specific period or achieve predetermined milestones before being able to exercise their SARS. These restrictions help create a sense of commitment and ensure that employees are dedicated to the company's long-term success. 4. Non-qualified SARS: Non-qualified SARS are a type of plan that does not meet certain tax-related criteria. This type of plan often provides more flexibility for the company in terms of structuring and implementing the program. Regardless of the specific types or variations of the Oakland Michigan Stock Appreciation Right Plan, the overarching goal remains the same — to align employee incentives with the company's success and foster a culture of ownership and wealth creation within Helene Curtis Industries, Inc. Through this plan, employees in Oakland, Michigan, have the opportunity to participate in the company's growth, reap the financial benefits of increasing stock values, and ultimately strengthen their bond with the organization.

The Oakland Michigan Stock Appreciation Right Plan is a unique program implemented by Helene Curtis Industries, Inc., aimed at providing its employees in the Oakland district of Michigan a chance to participate in the company's success and increase their financial worth. This plan grants eligible employees a form of compensation in the form of Stock Appreciation Rights (SARS), which allows them to benefit from the appreciation of the company's stock prices over a specific period. Under this plan, employees who meet the predetermined eligibility criteria will be granted a certain number of SARS, which represent the right to receive a cash amount equivalent to the appreciation in the value of Helene Curtis Industries' stock during a stated period. The plan serves as a powerful motivator for employees to contribute their best efforts, aligning their personal financial interests with the company's overall growth and success. The Oakland Michigan Stock Appreciation Right Plan offers participants the opportunity to build wealth and foster a sense of ownership within the company. As the company's stock value rises, employees can exercise their rights and receive the corresponding financial benefits. This allows employees to directly benefit from the company's performance, resulting in increased job satisfaction, loyalty, and incentivizing innovation and productivity. There may be different types or variations of the Oakland Michigan Stock Appreciation Right Plan of Helene Curtis Industries, Inc., tailored to suit specific organizational needs or employee preferences. Some potential types or variations might include: 1. Performance-based SARS: This type of plan could tie the stock appreciation rights to the achievement of specific performance metrics, such as surpassing sales targets, increasing market share, or meeting financial objectives. By linking the stock appreciation rights to performance, the company encourages employees to actively contribute to the company's growth and success. 2. Time-based SARS: This variation of the plan grants SARS based on an employee's tenure with the company. As employees spend more time with the organization, they become eligible for a greater number of SARS. This type of plan aims to reward loyalty and long-term commitment from employees. 3. Restricted SARS: In this variation, SARS may have certain restrictions or vesting schedules attached to them. For example, employees might need to wait for a specific period or achieve predetermined milestones before being able to exercise their SARS. These restrictions help create a sense of commitment and ensure that employees are dedicated to the company's long-term success. 4. Non-qualified SARS: Non-qualified SARS are a type of plan that does not meet certain tax-related criteria. This type of plan often provides more flexibility for the company in terms of structuring and implementing the program. Regardless of the specific types or variations of the Oakland Michigan Stock Appreciation Right Plan, the overarching goal remains the same — to align employee incentives with the company's success and foster a culture of ownership and wealth creation within Helene Curtis Industries, Inc. Through this plan, employees in Oakland, Michigan, have the opportunity to participate in the company's growth, reap the financial benefits of increasing stock values, and ultimately strengthen their bond with the organization.