Phoenix Arizona Share Appreciation Rights Plan with amendment

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Phoenix
• 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 Phoenix, Arizona is a bustling city located in the southwestern region of the United States. Known for its warm weather, diverse culture, and countless recreational activities, Phoenix attracts visitors from all over the world. One intriguing aspect of Phoenix is its Share Appreciation Rights Plan, which has been amended to meet different requirements and cater to varying needs. The Phoenix Arizona Share Appreciation Rights Plan is a program offered by numerous companies in the region. It is designed to incentivize and reward employees for their hard work and dedication. This plan allows employees to earn shares in their company based on the appreciation of company stock over a specific period. It effectively ties the success and growth of the company to the financial benefit of its employees. The amended versions of the Phoenix Arizona Share Appreciation Rights Plan include several variations, each tailored to specific circumstances and objectives. Some of these types include: 1. Performance-Based Share Appreciation Rights Plan: This type of plan focuses on rewarding employees based on predetermined performance benchmarks. Employees are granted shares if they meet or exceed set goals, motivating them to attain exceptional results. 2. Restricted Share Appreciation Rights Plan: With this variation, employees receive shares that are subject to certain restrictions or conditions. These restrictions may include a holding period during which the shares cannot be sold or transferred, ensuring a long-term commitment to the company's success. 3. Cash-Settled Share Appreciation Rights Plan: Instead of offering shares directly, this type of plan rewards employees with cash that is equivalent to the appreciation in the company's stock price. This option provides flexibility and liquidity to employees who may prefer immediate financial gains. 4. Equity-Based Share Appreciation Rights Plan: As the name suggests, this plan grants employees actual shares of company stock. The number of shares awarded is determined by the appreciation in the stock price, aligning the interests of the employees with the long-term growth of the company. Overall, the Phoenix Arizona Share Appreciation Rights Plan with amendments caters to businesses seeking to engage and retain top talent. This program serves as a powerful motivational tool, driving employees to perform at their best while fostering a sense of ownership and loyalty. By tailoring the plan to specific objectives and circumstances, companies in Phoenix can create a highly effective compensation system that benefits both the employees and the organization as a whole.

Phoenix, Arizona is a bustling city located in the southwestern region of the United States. Known for its warm weather, diverse culture, and countless recreational activities, Phoenix attracts visitors from all over the world. One intriguing aspect of Phoenix is its Share Appreciation Rights Plan, which has been amended to meet different requirements and cater to varying needs. The Phoenix Arizona Share Appreciation Rights Plan is a program offered by numerous companies in the region. It is designed to incentivize and reward employees for their hard work and dedication. This plan allows employees to earn shares in their company based on the appreciation of company stock over a specific period. It effectively ties the success and growth of the company to the financial benefit of its employees. The amended versions of the Phoenix Arizona Share Appreciation Rights Plan include several variations, each tailored to specific circumstances and objectives. Some of these types include: 1. Performance-Based Share Appreciation Rights Plan: This type of plan focuses on rewarding employees based on predetermined performance benchmarks. Employees are granted shares if they meet or exceed set goals, motivating them to attain exceptional results. 2. Restricted Share Appreciation Rights Plan: With this variation, employees receive shares that are subject to certain restrictions or conditions. These restrictions may include a holding period during which the shares cannot be sold or transferred, ensuring a long-term commitment to the company's success. 3. Cash-Settled Share Appreciation Rights Plan: Instead of offering shares directly, this type of plan rewards employees with cash that is equivalent to the appreciation in the company's stock price. This option provides flexibility and liquidity to employees who may prefer immediate financial gains. 4. Equity-Based Share Appreciation Rights Plan: As the name suggests, this plan grants employees actual shares of company stock. The number of shares awarded is determined by the appreciation in the stock price, aligning the interests of the employees with the long-term growth of the company. Overall, the Phoenix Arizona Share Appreciation Rights Plan with amendments caters to businesses seeking to engage and retain top talent. This program serves as a powerful motivational tool, driving employees to perform at their best while fostering a sense of ownership and loyalty. By tailoring the plan to specific objectives and circumstances, companies in Phoenix can create a highly effective compensation system that benefits both the employees and the organization as a whole.