Fulton Georgia Share Appreciation Rights Plan with amendment

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Fulton
• 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 Fulton Georgia Share Appreciation Rights Plan (SARS) is an employee benefit plan designed to provide incentives and rewards for employees of companies located in Fulton County, Georgia. This plan allows employees to receive cash or stock payouts based on the appreciation in the company's stock price over a specific period. The Fulton Georgia Share Appreciation Rights Plan is designed to align the interests of employees with the company's shareholders and motivate them to work towards the company's growth and success. Under this plan, employees are granted SARS, which give them the right to receive a cash bonus or stock equivalent once the company's stock price exceeds a predetermined benchmark or strike price. The SARS plan is typically set up as a long-term incentive program, encouraging employees to stay committed to their roles and contribute to the company's long-term success. As the company's stock price appreciates, employees have the opportunity to profit from the increase in value. The plan also includes an amendment provision that allows for modifications or adjustments to the original terms of the SARS. This amendment provision ensures that the plan remains relevant and effective even amidst changes in the business environment or company circumstances. There may be different types or variations of the Fulton Georgia Share Appreciation Rights Plan with amendment, such as: 1. Performance-Based SARS: This SARS is tied to specific performance goals or targets set by the company. The payout or vesting of the SARS is dependent on achieving these predetermined performance metrics. 2. Time-Based SARS: This SARS has a predetermined vesting period, typically ranging from a few years to several years. The employees receive a cash or stock payout once the vesting period has been completed. 3. Restricted Stock Units with SARS: In this type of plan, employees are granted restricted stock units (RSS) along with SARS. The RSS represent company stock, which vests over time or upon achieving specific performance targets. The SARS associated with the RSS give employees the right to receive cash payouts tied to the appreciation in the stock price. Overall, the Fulton Georgia Share Appreciation Rights Plan with amendment offers a valuable incentive for employees to actively contribute to their company's growth, aligning their interests with the company's shareholders.

Fulton Georgia Share Appreciation Rights Plan (SARS) is an employee benefit plan designed to provide incentives and rewards for employees of companies located in Fulton County, Georgia. This plan allows employees to receive cash or stock payouts based on the appreciation in the company's stock price over a specific period. The Fulton Georgia Share Appreciation Rights Plan is designed to align the interests of employees with the company's shareholders and motivate them to work towards the company's growth and success. Under this plan, employees are granted SARS, which give them the right to receive a cash bonus or stock equivalent once the company's stock price exceeds a predetermined benchmark or strike price. The SARS plan is typically set up as a long-term incentive program, encouraging employees to stay committed to their roles and contribute to the company's long-term success. As the company's stock price appreciates, employees have the opportunity to profit from the increase in value. The plan also includes an amendment provision that allows for modifications or adjustments to the original terms of the SARS. This amendment provision ensures that the plan remains relevant and effective even amidst changes in the business environment or company circumstances. There may be different types or variations of the Fulton Georgia Share Appreciation Rights Plan with amendment, such as: 1. Performance-Based SARS: This SARS is tied to specific performance goals or targets set by the company. The payout or vesting of the SARS is dependent on achieving these predetermined performance metrics. 2. Time-Based SARS: This SARS has a predetermined vesting period, typically ranging from a few years to several years. The employees receive a cash or stock payout once the vesting period has been completed. 3. Restricted Stock Units with SARS: In this type of plan, employees are granted restricted stock units (RSS) along with SARS. The RSS represent company stock, which vests over time or upon achieving specific performance targets. The SARS associated with the RSS give employees the right to receive cash payouts tied to the appreciation in the stock price. Overall, the Fulton Georgia Share Appreciation Rights Plan with amendment offers a valuable incentive for employees to actively contribute to their company's growth, aligning their interests with the company's shareholders.