Fairfax Virginia Share Appreciation Rights Plan with amendment

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Fairfax
• 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 Fairfax, Virginia Share Appreciation Rights Plan with Amendment: An In-Depth Overview The Fairfax, Virginia Share Appreciation Rights Plan with amendment is a comprehensive compensation program designed to reward key employees of companies located in Fairfax, Virginia. This plan, commonly referred to as SARS (Share Appreciation Rights), is a distinctive form of equity-based compensation that provides eligible employees with the opportunity to benefit directly from the appreciation in the company's stock price, without actually owning the shares. Under the Fairfax, Virginia SARS program, eligible employees are granted a specified number of SARS, which are virtual units representing the increase in the value of the company's shares over a predetermined period. The value of SARS is directly tied to the market price of the company's shares, thereby incentivizing employees to contribute to the company's success and enhance its shareholder value. The Fairfax, Virginia SARS Plan with amendment encompasses several variations tailored to suit the specific needs and circumstances of different companies. These variations may include: 1. Performance-Based SARS: This type of SARS plan is linked to the achievement of predefined performance goals, such as revenue growth, profitability, or market share. Eligible employees receive SARS that vest or become exercisable based on meeting or exceeding these performance targets. 2. Time-Based SARS: Time-based SARS plans grant SARS to employees based on their length of service or the passage of a specified amount of time. This SARS typically vest gradually over a predetermined period, encouraging employee loyalty and long-term commitment. 3. Cash-Settled SARS: In this form of Fairfax, Virginia SARS, employees are entitled to receive a cash payout representing the appreciation in the stock price, rather than receiving actual shares. This type of SARS is suitable for companies that are not publicly traded or do not wish to dilute existing shareholders' equity. 4. Equity-Settled SARS: Equity-settled SARS plans grant employees actual shares of the company's stock equal to the value of the SARS exercised. This type of SARS aligns employees' interests with those of the shareholders while fostering equity ownership and participation in the company's growth. The Fairfax, Virginia SARS Plan with amendment ensures that employees have a vested stake in the company's success, aligning their goals with those of the shareholders. By linking compensation to the company's performance or individual achievements, these plans motivate employees to contribute to the growth, profitability, and long-term sustainability of the company. In summary, the Fairfax, Virginia Share Appreciation Rights Plan with amendment is a comprehensive equity-based compensation program designed to attract and retain top talent in Fairfax-based companies. With its various types and amendments, the plan provides flexibility to tailor the SARS to fit each company's specific objectives and circumstances, ultimately driving employee engagement and shareholder value.

Fairfax, Virginia Share Appreciation Rights Plan with Amendment: An In-Depth Overview The Fairfax, Virginia Share Appreciation Rights Plan with amendment is a comprehensive compensation program designed to reward key employees of companies located in Fairfax, Virginia. This plan, commonly referred to as SARS (Share Appreciation Rights), is a distinctive form of equity-based compensation that provides eligible employees with the opportunity to benefit directly from the appreciation in the company's stock price, without actually owning the shares. Under the Fairfax, Virginia SARS program, eligible employees are granted a specified number of SARS, which are virtual units representing the increase in the value of the company's shares over a predetermined period. The value of SARS is directly tied to the market price of the company's shares, thereby incentivizing employees to contribute to the company's success and enhance its shareholder value. The Fairfax, Virginia SARS Plan with amendment encompasses several variations tailored to suit the specific needs and circumstances of different companies. These variations may include: 1. Performance-Based SARS: This type of SARS plan is linked to the achievement of predefined performance goals, such as revenue growth, profitability, or market share. Eligible employees receive SARS that vest or become exercisable based on meeting or exceeding these performance targets. 2. Time-Based SARS: Time-based SARS plans grant SARS to employees based on their length of service or the passage of a specified amount of time. This SARS typically vest gradually over a predetermined period, encouraging employee loyalty and long-term commitment. 3. Cash-Settled SARS: In this form of Fairfax, Virginia SARS, employees are entitled to receive a cash payout representing the appreciation in the stock price, rather than receiving actual shares. This type of SARS is suitable for companies that are not publicly traded or do not wish to dilute existing shareholders' equity. 4. Equity-Settled SARS: Equity-settled SARS plans grant employees actual shares of the company's stock equal to the value of the SARS exercised. This type of SARS aligns employees' interests with those of the shareholders while fostering equity ownership and participation in the company's growth. The Fairfax, Virginia SARS Plan with amendment ensures that employees have a vested stake in the company's success, aligning their goals with those of the shareholders. By linking compensation to the company's performance or individual achievements, these plans motivate employees to contribute to the growth, profitability, and long-term sustainability of the company. In summary, the Fairfax, Virginia Share Appreciation Rights Plan with amendment is a comprehensive equity-based compensation program designed to attract and retain top talent in Fairfax-based companies. With its various types and amendments, the plan provides flexibility to tailor the SARS to fit each company's specific objectives and circumstances, ultimately driving employee engagement and shareholder value.