Collin Texas Stock Appreciation Rights Plan of The Todd-AO Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Collin
• 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 Collin Texas Stock Appreciation Rights Plan is a strategic compensation program offered by The Todd-AO Corporation, a prominent company located in Collin County, Texas. This plan is designed to incentivize and reward employees by providing them with the opportunity to benefit from the appreciation in the company's stock value over a certain period. The Todd-AO Corporation, a leader in the industry, understands the importance of motivating its workforce and ensuring their continued commitment to the company's success. Hence, the implementation of the Collin Texas Stock Appreciation Rights Plan allows employees to share in the company's growth while aligning their interests with that of shareholders. Under this plan, employees are granted stock appreciation rights (SARS), which provide them with the opportunity to profit from any increase in the company's stock price over a predetermined period, known as the vesting period. The value of the SARS is directly linked to the appreciation in the company's stock value, ensuring that employees reap the benefits of the company's success. The Collin Texas Stock Appreciation Rights Plan distinguishes itself by offering different types of SARS to suit the diverse needs and goals of employees. These types of SARS may include: 1. Regular Stock Appreciation Rights: This type of SAR offers employees the right to receive the difference between the grant price (the stock price at the time of the SARS' issuance) and the stock price at the time of exercise. Employees can choose to exercise these rights at their discretion within a specified timeframe. 2. Performance-Based Stock Appreciation Rights: This type of SAR rewards employees based on the company's achievement of specific performance targets or goals. By tying SARS' value to performance, this plan provides additional motivation for employees to contribute to the company's overall growth and success. 3. Time-Vested Stock Appreciation Rights: This type of SAR becomes eligible for exercise based on the employee's tenure with the company. As employees continue to serve the company for a specific period, their SARS gradually vest, thereby enhancing retention and long-term commitment. The Collin Texas Stock Appreciation Rights Plan also incorporates certain features to safeguard the interests of participants. These features may include a vesting schedule that outlines the gradual release of SARS over time, anti-dilution provisions to protect participants from stock issuance that diminishes the value of their SARS, and other mechanisms to ensure fair treatment and alignment of interests. Overall, The Todd-AO Corporation's Collin Texas Stock Appreciation Rights Plan demonstrates the company's commitment to providing its employees with an empowering compensation structure. By offering various types of SARS, the plan caters to employees' diverse needs, while also fostering loyalty, motivation, and a sense of ownership within the organization.

The Collin Texas Stock Appreciation Rights Plan is a strategic compensation program offered by The Todd-AO Corporation, a prominent company located in Collin County, Texas. This plan is designed to incentivize and reward employees by providing them with the opportunity to benefit from the appreciation in the company's stock value over a certain period. The Todd-AO Corporation, a leader in the industry, understands the importance of motivating its workforce and ensuring their continued commitment to the company's success. Hence, the implementation of the Collin Texas Stock Appreciation Rights Plan allows employees to share in the company's growth while aligning their interests with that of shareholders. Under this plan, employees are granted stock appreciation rights (SARS), which provide them with the opportunity to profit from any increase in the company's stock price over a predetermined period, known as the vesting period. The value of the SARS is directly linked to the appreciation in the company's stock value, ensuring that employees reap the benefits of the company's success. The Collin Texas Stock Appreciation Rights Plan distinguishes itself by offering different types of SARS to suit the diverse needs and goals of employees. These types of SARS may include: 1. Regular Stock Appreciation Rights: This type of SAR offers employees the right to receive the difference between the grant price (the stock price at the time of the SARS' issuance) and the stock price at the time of exercise. Employees can choose to exercise these rights at their discretion within a specified timeframe. 2. Performance-Based Stock Appreciation Rights: This type of SAR rewards employees based on the company's achievement of specific performance targets or goals. By tying SARS' value to performance, this plan provides additional motivation for employees to contribute to the company's overall growth and success. 3. Time-Vested Stock Appreciation Rights: This type of SAR becomes eligible for exercise based on the employee's tenure with the company. As employees continue to serve the company for a specific period, their SARS gradually vest, thereby enhancing retention and long-term commitment. The Collin Texas Stock Appreciation Rights Plan also incorporates certain features to safeguard the interests of participants. These features may include a vesting schedule that outlines the gradual release of SARS over time, anti-dilution provisions to protect participants from stock issuance that diminishes the value of their SARS, and other mechanisms to ensure fair treatment and alignment of interests. Overall, The Todd-AO Corporation's Collin Texas Stock Appreciation Rights Plan demonstrates the company's commitment to providing its employees with an empowering compensation structure. By offering various types of SARS, the plan caters to employees' diverse needs, while also fostering loyalty, motivation, and a sense of ownership within the organization.