Santa Clara California Share Appreciation Rights Plan with amendment

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Santa Clara
• 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 Santa Clara, California Share Appreciation Rights Plan with amendment is a compensation strategy adopted by companies to incentivize their employees. This plan allows employees to receive appreciation rights linked to the company's stock price. These rights give employees an opportunity to earn additional compensation based on the appreciation in the value of the company's shares. The Santa Clara, California Share Appreciation Rights Plan with amendment is designed to reward employees for contributing towards the company's success. It encourages employee motivation, retention, and aligns their interests with that of the company's shareholders. Under this plan, employees are granted a specific number of appreciation rights. These rights grant employees the ability to receive a cash payment equivalent to the increase in the company's stock price over a predetermined period. The appreciation rights can be exercised after a specific vesting period has elapsed, typically a few years. The Santa Clara, California Share Appreciation Rights Plan with amendment is customizable to suit the needs of different companies. It can be amended to include various provisions such as performance-based hurdles, cliff vesting, or graded vesting. These amendments ensure that employees are rewarded based on their performance and contribution to the company's growth. There are a few different types of Santa Clara, California Share Appreciation Rights Plan with amendment: 1. Standard Share Appreciation Rights Plan: This type of plan grants appreciation rights to employees based on the increase in the company's stock price over a specified period of time. The appreciation rights can be exercised at the end of the vesting period to receive a cash payment. 2. Performance-Based Share Appreciation Rights Plan: This plan ties the grant and exercise of appreciation rights to the achievement of specific performance goals. It rewards employees for meeting or exceeding performance targets set by the company. 3. Graded Vesting Share Appreciation Rights Plan: In this plan, appreciation rights are vested gradually over a period of time. For example, employees might be granted 20% of the total appreciation rights each year for five years, allowing them to exercise a portion of the rights annually. The Santa Clara, California Share Appreciation Rights Plan with amendment provides companies with a flexible and effective tool to attract, retain, and motivate talented employees. By linking employee compensation to company performance, it fosters a sense of ownership and encourages employees to contribute to the company's success.

Santa Clara, California Share Appreciation Rights Plan with amendment is a compensation strategy adopted by companies to incentivize their employees. This plan allows employees to receive appreciation rights linked to the company's stock price. These rights give employees an opportunity to earn additional compensation based on the appreciation in the value of the company's shares. The Santa Clara, California Share Appreciation Rights Plan with amendment is designed to reward employees for contributing towards the company's success. It encourages employee motivation, retention, and aligns their interests with that of the company's shareholders. Under this plan, employees are granted a specific number of appreciation rights. These rights grant employees the ability to receive a cash payment equivalent to the increase in the company's stock price over a predetermined period. The appreciation rights can be exercised after a specific vesting period has elapsed, typically a few years. The Santa Clara, California Share Appreciation Rights Plan with amendment is customizable to suit the needs of different companies. It can be amended to include various provisions such as performance-based hurdles, cliff vesting, or graded vesting. These amendments ensure that employees are rewarded based on their performance and contribution to the company's growth. There are a few different types of Santa Clara, California Share Appreciation Rights Plan with amendment: 1. Standard Share Appreciation Rights Plan: This type of plan grants appreciation rights to employees based on the increase in the company's stock price over a specified period of time. The appreciation rights can be exercised at the end of the vesting period to receive a cash payment. 2. Performance-Based Share Appreciation Rights Plan: This plan ties the grant and exercise of appreciation rights to the achievement of specific performance goals. It rewards employees for meeting or exceeding performance targets set by the company. 3. Graded Vesting Share Appreciation Rights Plan: In this plan, appreciation rights are vested gradually over a period of time. For example, employees might be granted 20% of the total appreciation rights each year for five years, allowing them to exercise a portion of the rights annually. The Santa Clara, California Share Appreciation Rights Plan with amendment provides companies with a flexible and effective tool to attract, retain, and motivate talented employees. By linking employee compensation to company performance, it fosters a sense of ownership and encourages employees to contribute to the company's success.