Wake North Carolina Stock Appreciation Right Plan of Helene Curtis Industries, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Wake
• 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 Wake North Carolina Stock Appreciation Right Plan (SAR Plan) of Helene Curtis Industries, Inc. is a compensation program designed to reward employees for their contributions and align their interests with the company's financial performance. This plan offers employees the opportunity to benefit from the company's stock price appreciation over a specified period. Under the Wake North Carolina SAR Plan, eligible employees are granted SARS, which give them the right to receive the appreciation in the company's stock value. This SARS can be exercised at a future date when they vest and become eligible for exercise. The exercise price is predetermined and is typically set at the fair market value of the stock on the grant date. One key feature of the Wake North Carolina SAR Plan is that employees do not actually purchase any company stock. Instead, they receive the appreciation in the stock value as cash or stock units, depending on the terms of the plan. This allows employees to benefit from the company's performance without the need to invest their own funds. The Wake North Carolina SAR Plan is typically implemented as a long-term incentive program, aligning employees' interests with the long-term growth goals of Helene Curtis Industries, Inc. It aims to incentivize employees to contribute to the company's success and create shareholder value. There might be different types of SARS within the Wake North Carolina Plan, including: 1. Full-value SARS: Employees are granted SARS representing the full value of the stock appreciation. When exercised, they receive cash or stock units equal to the increase in stock value from the grant date. 2. Phantom SARS: Similar to full-value SARS, but employees receive stock units instead of cash upon exercise. These units may convert to actual shares upon meeting certain conditions, such as vesting or achievement of performance targets. 3. Tandem SARS: In this type, employees receive both SARS and Stock Options. They can choose to exercise either the SARS or the Stock Options, depending on which option provides greater financial benefits. Overall, the Wake North Carolina Stock Appreciation Right Plan is a valuable tool for Helene Curtis Industries, Inc. to attract, retain, and motivate talented employees, enabling them to share in the company's success and align their interests with shareholder prosperity.

The Wake North Carolina Stock Appreciation Right Plan (SAR Plan) of Helene Curtis Industries, Inc. is a compensation program designed to reward employees for their contributions and align their interests with the company's financial performance. This plan offers employees the opportunity to benefit from the company's stock price appreciation over a specified period. Under the Wake North Carolina SAR Plan, eligible employees are granted SARS, which give them the right to receive the appreciation in the company's stock value. This SARS can be exercised at a future date when they vest and become eligible for exercise. The exercise price is predetermined and is typically set at the fair market value of the stock on the grant date. One key feature of the Wake North Carolina SAR Plan is that employees do not actually purchase any company stock. Instead, they receive the appreciation in the stock value as cash or stock units, depending on the terms of the plan. This allows employees to benefit from the company's performance without the need to invest their own funds. The Wake North Carolina SAR Plan is typically implemented as a long-term incentive program, aligning employees' interests with the long-term growth goals of Helene Curtis Industries, Inc. It aims to incentivize employees to contribute to the company's success and create shareholder value. There might be different types of SARS within the Wake North Carolina Plan, including: 1. Full-value SARS: Employees are granted SARS representing the full value of the stock appreciation. When exercised, they receive cash or stock units equal to the increase in stock value from the grant date. 2. Phantom SARS: Similar to full-value SARS, but employees receive stock units instead of cash upon exercise. These units may convert to actual shares upon meeting certain conditions, such as vesting or achievement of performance targets. 3. Tandem SARS: In this type, employees receive both SARS and Stock Options. They can choose to exercise either the SARS or the Stock Options, depending on which option provides greater financial benefits. Overall, the Wake North Carolina Stock Appreciation Right Plan is a valuable tool for Helene Curtis Industries, Inc. to attract, retain, and motivate talented employees, enabling them to share in the company's success and align their interests with shareholder prosperity.