Riverside California Stock Appreciation Right Plan of Helene Curtis Industries, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Riverside
• 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 Riverside California Stock Appreciation Right Plan was implemented by Helene Curtis Industries, Inc., an American personal care products company, headquartered in Riverside, California. The stock appreciation right plan is designed to incentivize employees by giving them the opportunity to benefit from the company's stock price increase. Under this plan, employees are granted stock appreciation rights (SARS) that grant them the right to receive the appreciation in the value of a specified number of company shares. The SARS are usually subject to vesting, meaning employees must fulfill certain conditions, such as years of service or performance goals, before they can exercise their rights. Helene Curtis Industries, Inc. offers various types of SARS under the Riverside California Stock Appreciation Right Plan, including: 1. Time-based SARS: These awards vest over a specified period, typically a number of years, incentivizing employees to stay with the company for the long term. Once vested, employees can exercise their SARS and receive the difference between the stock's fair market value at the time of exercise and the grant price. 2. Performance-based SARS: This SARS is tied to specific performance criteria, such as the company's financial targets or individual performance goals. If the targets are met, employees become eligible to exercise their SARS and receive the appreciation in the stock's value. 3. Cash-settled SARS: Unlike regular SARS where employees receive the appreciation in the form of company stock, cash-settled SARS allow employees to receive the monetary equivalent of the stock price increase. This type of SAR is particularly beneficial for employees who prefer cash to stock ownership. The Riverside California Stock Appreciation Right Plan of Helene Curtis Industries, Inc. aims to align employee interests with the company's long-term success. It encourages loyalty, performance, and retention among employees, as they are motivated by the potential financial gains tied to the company's stock price.

The Riverside California Stock Appreciation Right Plan was implemented by Helene Curtis Industries, Inc., an American personal care products company, headquartered in Riverside, California. The stock appreciation right plan is designed to incentivize employees by giving them the opportunity to benefit from the company's stock price increase. Under this plan, employees are granted stock appreciation rights (SARS) that grant them the right to receive the appreciation in the value of a specified number of company shares. The SARS are usually subject to vesting, meaning employees must fulfill certain conditions, such as years of service or performance goals, before they can exercise their rights. Helene Curtis Industries, Inc. offers various types of SARS under the Riverside California Stock Appreciation Right Plan, including: 1. Time-based SARS: These awards vest over a specified period, typically a number of years, incentivizing employees to stay with the company for the long term. Once vested, employees can exercise their SARS and receive the difference between the stock's fair market value at the time of exercise and the grant price. 2. Performance-based SARS: This SARS is tied to specific performance criteria, such as the company's financial targets or individual performance goals. If the targets are met, employees become eligible to exercise their SARS and receive the appreciation in the stock's value. 3. Cash-settled SARS: Unlike regular SARS where employees receive the appreciation in the form of company stock, cash-settled SARS allow employees to receive the monetary equivalent of the stock price increase. This type of SAR is particularly beneficial for employees who prefer cash to stock ownership. The Riverside California Stock Appreciation Right Plan of Helene Curtis Industries, Inc. aims to align employee interests with the company's long-term success. It encourages loyalty, performance, and retention among employees, as they are motivated by the potential financial gains tied to the company's stock price.