Phoenix Arizona Stock Appreciation Right Plan of Helene Curtis Industries, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Phoenix
• 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 Phoenix Arizona Stock Appreciation Right Plan is an employee compensation program implemented by Helene Curtis Industries, Inc. This plan offers employees the opportunity to earn additional financial benefits based on the company's stock performance. Under the Phoenix Arizona Stock Appreciation Right Plan, employees are granted Stock Appreciation Rights (SARS) as part of their overall compensation package. SARS is a form of incentive compensation that allow employees to benefit from the increase in the company's stock price over a predetermined period of time. This plan can be categorized into two types: 1. Standard SARS: Standard SARS are granted to eligible employees and provide them with the right to receive cash or stock, equal to the appreciation in the company's stock price during the vesting period. The vesting period is typically defined and determined by the company's board of directors. 2. Phantom SARS: Phantom SARS are a type of SARS plan that don't involve actual stock ownership by the employees. Instead, they are a bookkeeping entry in the company's records. Employees are granted the right to receive cash or stock equivalent to the appreciation in the company's stock price during the vesting period, just like Standard SARS. However, the employees do not receive any stock ownership or voting rights. By implementing the Phoenix Arizona Stock Appreciation Right Plan, Helene Curtis Industries, Inc. aims to align the interests of its employees with the success of the company. This plan motivates employees to actively contribute to the growth and profitability of the organization, as their financial rewards are directly tied to the stock performance. The program not only provides a means for employees to share in the company's success but also encourages the retention and attraction of talented individuals. In conclusion, the Phoenix Arizona Stock Appreciation Right Plan is a compensation program offered by Helene Curtis Industries, Inc. that grants employees the opportunity to earn additional financial benefits based on the appreciation of the company's stock price. This plan includes both Standard SARS and Phantom SARS, giving employees different options to benefit from the company's stock performance.

The Phoenix Arizona Stock Appreciation Right Plan is an employee compensation program implemented by Helene Curtis Industries, Inc. This plan offers employees the opportunity to earn additional financial benefits based on the company's stock performance. Under the Phoenix Arizona Stock Appreciation Right Plan, employees are granted Stock Appreciation Rights (SARS) as part of their overall compensation package. SARS is a form of incentive compensation that allow employees to benefit from the increase in the company's stock price over a predetermined period of time. This plan can be categorized into two types: 1. Standard SARS: Standard SARS are granted to eligible employees and provide them with the right to receive cash or stock, equal to the appreciation in the company's stock price during the vesting period. The vesting period is typically defined and determined by the company's board of directors. 2. Phantom SARS: Phantom SARS are a type of SARS plan that don't involve actual stock ownership by the employees. Instead, they are a bookkeeping entry in the company's records. Employees are granted the right to receive cash or stock equivalent to the appreciation in the company's stock price during the vesting period, just like Standard SARS. However, the employees do not receive any stock ownership or voting rights. By implementing the Phoenix Arizona Stock Appreciation Right Plan, Helene Curtis Industries, Inc. aims to align the interests of its employees with the success of the company. This plan motivates employees to actively contribute to the growth and profitability of the organization, as their financial rewards are directly tied to the stock performance. The program not only provides a means for employees to share in the company's success but also encourages the retention and attraction of talented individuals. In conclusion, the Phoenix Arizona Stock Appreciation Right Plan is a compensation program offered by Helene Curtis Industries, Inc. that grants employees the opportunity to earn additional financial benefits based on the appreciation of the company's stock price. This plan includes both Standard SARS and Phantom SARS, giving employees different options to benefit from the company's stock performance.