San Bernardino California Share Appreciation Rights Plan with amendment

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: San Bernardino
• 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

San Bernardino, California Share Appreciation Rights Plan with Amendment is a unique employee incentive program offered by companies operating in San Bernardino, California. This plan allows employees to earn appreciation rights based on the performance and success of the company's shares over a specified period of time. The San Bernardino Share Appreciation Rights Plan with Amendment is designed to motivate and reward employees by providing them with a stake in the company's growth. The plan is typically offered as part of overall compensation and benefits package to attract and retain talented employees. Employees who participate in the San Bernardino Share Appreciation Rights Plan with Amendment have the opportunity to earn appreciation rights based on the value of the company's shares. These rights provide employees with financial benefits that are tied directly to the company's stock performance. Appreciation rights are a form of phantom stock or virtual stock, meaning that employees do not actually receive ownership of the company's shares. The San Bernardino Share Appreciation Rights Plan with Amendment may have different variations or types, depending on the specific provisions adopted by each company. Some companies may offer a graded vesting schedule, where employees become eligible for appreciation rights gradually over time. Others may offer a performance-based plan, where employees must meet specific targets or goals to earn appreciation rights. With the Amendment, the plan may have additional rules or modifications that have been implemented to further tailor it to the company's unique needs. These amendments could include changes in vesting periods, eligibility criteria, performance metrics, or other terms and conditions of the plan. The Amendment ensures that the plan remains relevant and aligned with the company's objectives. Overall, the San Bernardino Share Appreciation Rights Plan with Amendment is a valuable tool for companies seeking to incentivize and reward their employees in San Bernardino, California. It provides a flexible and performance-based means of compensation that aligns the interests of employees with the success of the company.