Allegheny Pennsylvania Stock Appreciation Rights Plan of The Todd-AO Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Allegheny
• Control #: US-CC-18-403A
• Format: Word; Rich Text

Description

18-403A 18-403A . . . Stock Appreciation Rights Plan which provides for granting of (a) SARs to employees, directors and consultants and (b) limited stock appreciation rights to persons who are subject to Section 16 of Exchange Act. Limited rights have same terms and conditions as SARs except that limited rights are automatically exercised on date established, without any action on part of grantee, which is at least six months after grant of limited right. To extent limited right is exercised, related SAR is canceled and vice versa. The purpose of limited right is to provide grantees who are subject to short swing profit recovery provisions of Exchange Act with benefits associated with exercise of SARs even though exercise occurs outside of "window period" prescribed by SEC The Allegheny Pennsylvania Stock Appreciation Rights Plan is an employee benefit program implemented by The Todd-AO Corporation, a leading company in the entertainment industry. This plan aims to incentivize and reward employees by granting them the right to receive appreciation in the value of the company's stock over a specified period. Under this plan, eligible employees are granted Stock Appreciation Rights (SARS) which entitle them to a cash or stock payout equal to the appreciation in the value of the company's stock. The value of the SARS is determined by the increase in the market price of the company's common stock from the date of grant to the exercise date. The Allegheny Pennsylvania Stock Appreciation Rights Plan offers several types of SARS, tailored to meet the diverse needs of employees. These types include: 1. Performance-based SARS: This SARS is granted based on specific performance goals, such as revenue targets, profitability, or market share. Employees must achieve these goals to be eligible for the appreciation in stock value. 2. Time-based SARS: This SARS is granted based on the employee's length of service with the company. The longer an employee remains with the company, the greater the number of SARS granted. This type of SAR encourages employee loyalty and retention. 3. Stock Option SARS: This type of SAR provides employees with the flexibility to choose whether they want to receive the appreciation in stock value in the form of cash or company stock. This allows employees to align their benefits with their individual financial goals. 4. Restricted Stock SARS: Under this type of SAR, employees are granted restricted stock units, which are subject to certain vesting conditions. Once these conditions are met, employees receive the appreciation in value as stock or cash, depending on the plan's provisions. It is important for employees to carefully review the terms and conditions of the Allegheny Pennsylvania Stock Appreciation Rights Plan to understand the specific details and requirements associated with each type of SAR. Additionally, employees should consult with a financial advisor to fully understand the tax implications and potential benefits of participating in the plan. Overall, the Allegheny Pennsylvania Stock Appreciation Rights Plan offers a valuable opportunity for employees of The Todd-AO Corporation to directly benefit from the growth and success of the company. Through various types of SARS, employees can enhance their financial well-being and share in the long-term value creation of the organization.

The Allegheny Pennsylvania Stock Appreciation Rights Plan is an employee benefit program implemented by The Todd-AO Corporation, a leading company in the entertainment industry. This plan aims to incentivize and reward employees by granting them the right to receive appreciation in the value of the company's stock over a specified period. Under this plan, eligible employees are granted Stock Appreciation Rights (SARS) which entitle them to a cash or stock payout equal to the appreciation in the value of the company's stock. The value of the SARS is determined by the increase in the market price of the company's common stock from the date of grant to the exercise date. The Allegheny Pennsylvania Stock Appreciation Rights Plan offers several types of SARS, tailored to meet the diverse needs of employees. These types include: 1. Performance-based SARS: This SARS is granted based on specific performance goals, such as revenue targets, profitability, or market share. Employees must achieve these goals to be eligible for the appreciation in stock value. 2. Time-based SARS: This SARS is granted based on the employee's length of service with the company. The longer an employee remains with the company, the greater the number of SARS granted. This type of SAR encourages employee loyalty and retention. 3. Stock Option SARS: This type of SAR provides employees with the flexibility to choose whether they want to receive the appreciation in stock value in the form of cash or company stock. This allows employees to align their benefits with their individual financial goals. 4. Restricted Stock SARS: Under this type of SAR, employees are granted restricted stock units, which are subject to certain vesting conditions. Once these conditions are met, employees receive the appreciation in value as stock or cash, depending on the plan's provisions. It is important for employees to carefully review the terms and conditions of the Allegheny Pennsylvania Stock Appreciation Rights Plan to understand the specific details and requirements associated with each type of SAR. Additionally, employees should consult with a financial advisor to fully understand the tax implications and potential benefits of participating in the plan. Overall, the Allegheny Pennsylvania Stock Appreciation Rights Plan offers a valuable opportunity for employees of The Todd-AO Corporation to directly benefit from the growth and success of the company. Through various types of SARS, employees can enhance their financial well-being and share in the long-term value creation of the organization.