Collin Texas Share Appreciation Rights Plan with amendment

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Collin
• Control #: US-CC-18-400D
• Format: Word; Rich Text

Description

18-400D 18-400D . . . Share Appreciation Rights Plan under which stock option committee determines to whom units are awarded, number of units to be awarded and terms of such units. On grant date, committee assigns each unit a base value which cannot be less than market value of share of common stock on that date. Each award becomes exercisable with respect to 25% of units awarded on each of first four anniversaries of grant date, provided grantee has been continually employed full-time by corporation or subsidiary. Units may be exercised, to extent vested, at any time until five years after grant date. Upon exercise of vested units, grantee is entitled to receive net appreciation of such units in cash or in shares of common stock, as determined by committee The Collin Texas Share Appreciation Rights Plan (SHARP) is a compensation program designed to incentivize and reward employees in the Collin area of Texas. This plan allows employees to receive additional compensation based on the appreciation of the company's stock. Under the original Collin Texas SHARP, employees are granted share appreciation rights that entitle them to receive the increase in the stock price of the company over a specific period. This incentive plan motivates and aligns employees' interests with the long-term growth and success of the organization. With the recent amendment to the Collin Texas SHARP, several new types of appreciation rights have been introduced to offer employees more flexibility and options. These include: 1. Performance-based Appreciation Rights: This type of appreciation right grants employees the opportunity to receive additional compensation based on predetermined performance goals or targets. It ensures that the employees' incentives are directly tied to the company's overall performance. 2. Restricted Stock Appreciation Rights: Employees who are granted restricted stock appreciation rights receive additional compensation based on the appreciation in the stock price over a specific period. However, these rights are subject to certain restrictions and vesting schedules, ensuring that employees stay committed to the company's long-term success. 3. Phantom Stock Appreciation Rights: Phantom stock appreciation rights are a type of virtual equity where employees receive cash compensation equivalent to the increase in the company's stock price. This type of appreciation right allows employees to benefit from the company's growth without actually owning the stock. The Collin Texas SHARP with the recent amendment aims to provide employees with a fair share of the company's success by offering various types of appreciation rights. This comprehensive plan ensures that employees are rewarded for their contribution, aligned with the company's goals, and motivated to contribute to the long-term growth and profitability of the organization. Moreover, incorporating these relevant keywords — Collin Texas, Share Appreciation Rights Plan, amendment — demonstrates the specificity of the information related to the topic.

The Collin Texas Share Appreciation Rights Plan (SHARP) is a compensation program designed to incentivize and reward employees in the Collin area of Texas. This plan allows employees to receive additional compensation based on the appreciation of the company's stock. Under the original Collin Texas SHARP, employees are granted share appreciation rights that entitle them to receive the increase in the stock price of the company over a specific period. This incentive plan motivates and aligns employees' interests with the long-term growth and success of the organization. With the recent amendment to the Collin Texas SHARP, several new types of appreciation rights have been introduced to offer employees more flexibility and options. These include: 1. Performance-based Appreciation Rights: This type of appreciation right grants employees the opportunity to receive additional compensation based on predetermined performance goals or targets. It ensures that the employees' incentives are directly tied to the company's overall performance. 2. Restricted Stock Appreciation Rights: Employees who are granted restricted stock appreciation rights receive additional compensation based on the appreciation in the stock price over a specific period. However, these rights are subject to certain restrictions and vesting schedules, ensuring that employees stay committed to the company's long-term success. 3. Phantom Stock Appreciation Rights: Phantom stock appreciation rights are a type of virtual equity where employees receive cash compensation equivalent to the increase in the company's stock price. This type of appreciation right allows employees to benefit from the company's growth without actually owning the stock. The Collin Texas SHARP with the recent amendment aims to provide employees with a fair share of the company's success by offering various types of appreciation rights. This comprehensive plan ensures that employees are rewarded for their contribution, aligned with the company's goals, and motivated to contribute to the long-term growth and profitability of the organization. Moreover, incorporating these relevant keywords — Collin Texas, Share Appreciation Rights Plan, amendment — demonstrates the specificity of the information related to the topic.