San Antonio Texas Stock Appreciation Right Plan of Helene Curtis Industries, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: San Antonio
• 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 San Antonio Texas Stock Appreciation Right Plan is a compensation plan offered by Helene Curtis Industries, Inc. to its employees located in San Antonio, Texas. This plan allows eligible employees to receive additional financial benefits tied to the performance of the company's stock over a specific period. Under the San Antonio Texas Stock Appreciation Right Plan, employees are granted the right to receive either cash or stock appreciation rights (SARS) once certain performance goals are met. SARS is a type of employee benefit that allows participants to profit from the increase in a company's stock price over a predetermined time frame. There are two types of San Antonio Texas Stock Appreciation Right Plans offered by Helene Curtis Industries, Inc.: 1. Performance-based SARS: These plans are designed to reward employees based on the company's financial performance and achievement of specific goals. For example, an employee may be granted SARS that can be exercised and converted to cash or company stock if the company's stock price increases by a certain percentage within a specified period. 2. Time-based SARS: In this type of plan, employees become eligible for SARS after a certain period of continuous service with the company, such as five years. The SARS granted will vest over time, meaning employees gain the right to exercise and receive the financial benefits gradually over a predetermined period. This provides an incentive for employees to stay with the company and contribute to its long-term success. Both types of San Antonio Texas Stock Appreciation Right Plans aim to align the interests of employees with the company's performance and create a sense of ownership. By offering these plans, Helene Curtis Industries, Inc. motivates and rewards its employees for their contributions, promotes loyalty, and fosters a sense of shared purpose within the organization. In summary, the San Antonio Texas Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a compensation program that grants eligible employees the right to receive financial benefits tied to the company's stock performance. Both performance-based and time-based SARS are offered, allowing employees to leverage the growth of the company's stock over time.

The San Antonio Texas Stock Appreciation Right Plan is a compensation plan offered by Helene Curtis Industries, Inc. to its employees located in San Antonio, Texas. This plan allows eligible employees to receive additional financial benefits tied to the performance of the company's stock over a specific period. Under the San Antonio Texas Stock Appreciation Right Plan, employees are granted the right to receive either cash or stock appreciation rights (SARS) once certain performance goals are met. SARS is a type of employee benefit that allows participants to profit from the increase in a company's stock price over a predetermined time frame. There are two types of San Antonio Texas Stock Appreciation Right Plans offered by Helene Curtis Industries, Inc.: 1. Performance-based SARS: These plans are designed to reward employees based on the company's financial performance and achievement of specific goals. For example, an employee may be granted SARS that can be exercised and converted to cash or company stock if the company's stock price increases by a certain percentage within a specified period. 2. Time-based SARS: In this type of plan, employees become eligible for SARS after a certain period of continuous service with the company, such as five years. The SARS granted will vest over time, meaning employees gain the right to exercise and receive the financial benefits gradually over a predetermined period. This provides an incentive for employees to stay with the company and contribute to its long-term success. Both types of San Antonio Texas Stock Appreciation Right Plans aim to align the interests of employees with the company's performance and create a sense of ownership. By offering these plans, Helene Curtis Industries, Inc. motivates and rewards its employees for their contributions, promotes loyalty, and fosters a sense of shared purpose within the organization. In summary, the San Antonio Texas Stock Appreciation Right Plan of Helene Curtis Industries, Inc. is a compensation program that grants eligible employees the right to receive financial benefits tied to the company's stock performance. Both performance-based and time-based SARS are offered, allowing employees to leverage the growth of the company's stock over time.