King Washington Share Appreciation Rights Plan with amendment

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: King
• 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 King Washington Share Appreciation Rights Plan (SHARP) is a highly beneficial financial arrangement often implemented by companies to incentivize employees and key executives. It provides an opportunity for them to participate in the company's growth and success by granting them appreciation rights tied to the value of the company's shares. These appreciation rights, also known as phantom stock, allow participants to earn a monetary amount equivalent to the increase in the value of the company's shares over a predetermined period. The King Washington Share Appreciation Rights Plan with amendment is a modified version of the original SHARP, offering additional flexibility and enhancements. This amendment introduces specific changes to the plan's design, administration, and distribution of appreciation rights. One key aspect of this modified plan is that it extends the timeline for participation or accelerates the vesting schedule, allowing participants to enjoy the benefits for an extended period or receive the appreciation rights sooner. Different types of King Washington Share Appreciation Rights Plan with amendment may exist, each tailored to meet varying company objectives and employee demands. These types include: 1. Standard SHARP with Amendment: This type of plan enables participants to receive appreciation rights based on the increase in the company's share value over a predetermined period. The amendment brings changes to the vesting schedule or lengthens the plan's duration to align with the company's goals and employee retention strategies. 2. Performance-Based SHARP with Amendment: This variant of the plan links the distribution of appreciation rights to certain performance criteria outlined by the company. The amendment modifies the performance metrics, targets, or weighting to motivate employees to achieve specific goals, such as revenue growth or profitability. 3. Restricted Stock Unit (RSU)-based SHARP with Amendment: In this type, appreciation rights are granted in the form of RSS rather than cash or cash equivalents. The amendment could introduce changes to the RSU vesting schedule, conversion ratio, or the method of calculating appreciation. 4. Tiered SHARP with Amendment: This plan differentiates participants based on their position or level within the organization. The amendment defines multiple tiers, each with different appreciation right terms, such as higher or lower vesting periods, varying conversion ratios, or additional benefits based on seniority or performance. The King Washington Share Appreciation Rights Plan with amendment is a powerful tool that helps companies attract and retain top talent while aligning employee interests with those of the company. By providing participants the opportunity to benefit directly from the company's growth, it fosters a sense of ownership and motivation towards achieving shared success.

King Washington Share Appreciation Rights Plan (SHARP) is a highly beneficial financial arrangement often implemented by companies to incentivize employees and key executives. It provides an opportunity for them to participate in the company's growth and success by granting them appreciation rights tied to the value of the company's shares. These appreciation rights, also known as phantom stock, allow participants to earn a monetary amount equivalent to the increase in the value of the company's shares over a predetermined period. The King Washington Share Appreciation Rights Plan with amendment is a modified version of the original SHARP, offering additional flexibility and enhancements. This amendment introduces specific changes to the plan's design, administration, and distribution of appreciation rights. One key aspect of this modified plan is that it extends the timeline for participation or accelerates the vesting schedule, allowing participants to enjoy the benefits for an extended period or receive the appreciation rights sooner. Different types of King Washington Share Appreciation Rights Plan with amendment may exist, each tailored to meet varying company objectives and employee demands. These types include: 1. Standard SHARP with Amendment: This type of plan enables participants to receive appreciation rights based on the increase in the company's share value over a predetermined period. The amendment brings changes to the vesting schedule or lengthens the plan's duration to align with the company's goals and employee retention strategies. 2. Performance-Based SHARP with Amendment: This variant of the plan links the distribution of appreciation rights to certain performance criteria outlined by the company. The amendment modifies the performance metrics, targets, or weighting to motivate employees to achieve specific goals, such as revenue growth or profitability. 3. Restricted Stock Unit (RSU)-based SHARP with Amendment: In this type, appreciation rights are granted in the form of RSS rather than cash or cash equivalents. The amendment could introduce changes to the RSU vesting schedule, conversion ratio, or the method of calculating appreciation. 4. Tiered SHARP with Amendment: This plan differentiates participants based on their position or level within the organization. The amendment defines multiple tiers, each with different appreciation right terms, such as higher or lower vesting periods, varying conversion ratios, or additional benefits based on seniority or performance. The King Washington Share Appreciation Rights Plan with amendment is a powerful tool that helps companies attract and retain top talent while aligning employee interests with those of the company. By providing participants the opportunity to benefit directly from the company's growth, it fosters a sense of ownership and motivation towards achieving shared success.