Contra Costa California Stock Appreciation Rights Plan of The Todd-AO Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Contra Costa
• 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 Contra Costa California Stock Appreciation Rights Plan of The Todd-AO Corporation is an incentive compensation program that aims to reward employees of the company based on the appreciation in the value of the company's stock. Stock Appreciation Rights (SARS) are a form of equity compensation that provides employees the opportunity to benefit financially from the growth and success of the company. The Contra Costa California Stock Appreciation Rights Plan offers employees the right to receive a cash payment equal to the difference between the fair market value of the company's stock on the date of exercise and the grant price of the SARS. This SARS can be awarded to employees as part of their compensation package or as a performance-based bonus. There are different types of Contra Costa California Stock Appreciation Rights Plans available under The Todd-AO Corporation. These include: 1. Performance-based SARS: In this type of plan, the grant of SARS is contingent upon the achievement of specific performance goals by the company or the employee. These goals may include financial targets, revenue growth, market share expansion, or any other relevant performance metrics. 2. Time-based SARS: This plan awards SARS based on the length of service of the employee. The employee becomes fully vested in the SARS after a specified period, often referred to as the vesting period. Once vested, the employee can exercise the SARS and receive the cash payment. 3. Reload SARS: This type of plan allows employees to receive additional SARS upon exercise of previously granted SARS. The reload feature ensures that employees continue to have the opportunity to benefit from future appreciation in the company's stock. 4. Non-qualified SARS: These plans are not eligible for favorable tax treatment and are typically offered to employees who are not top executives or key employees. Non-qualified SARS are more flexible in terms of design, offering companies greater discretion in determining the terms and conditions of the plan. The Contra Costa California Stock Appreciation Rights Plan of The Todd-AO Corporation is designed to align the interests of employees with the company's financial performance and the long-term value creation for its shareholders. By providing employees with the opportunity to participate in the appreciation of the company's stock, the plan aims to incentivize and motivate employees to contribute to the company's success.

The Contra Costa California Stock Appreciation Rights Plan of The Todd-AO Corporation is an incentive compensation program that aims to reward employees of the company based on the appreciation in the value of the company's stock. Stock Appreciation Rights (SARS) are a form of equity compensation that provides employees the opportunity to benefit financially from the growth and success of the company. The Contra Costa California Stock Appreciation Rights Plan offers employees the right to receive a cash payment equal to the difference between the fair market value of the company's stock on the date of exercise and the grant price of the SARS. This SARS can be awarded to employees as part of their compensation package or as a performance-based bonus. There are different types of Contra Costa California Stock Appreciation Rights Plans available under The Todd-AO Corporation. These include: 1. Performance-based SARS: In this type of plan, the grant of SARS is contingent upon the achievement of specific performance goals by the company or the employee. These goals may include financial targets, revenue growth, market share expansion, or any other relevant performance metrics. 2. Time-based SARS: This plan awards SARS based on the length of service of the employee. The employee becomes fully vested in the SARS after a specified period, often referred to as the vesting period. Once vested, the employee can exercise the SARS and receive the cash payment. 3. Reload SARS: This type of plan allows employees to receive additional SARS upon exercise of previously granted SARS. The reload feature ensures that employees continue to have the opportunity to benefit from future appreciation in the company's stock. 4. Non-qualified SARS: These plans are not eligible for favorable tax treatment and are typically offered to employees who are not top executives or key employees. Non-qualified SARS are more flexible in terms of design, offering companies greater discretion in determining the terms and conditions of the plan. The Contra Costa California Stock Appreciation Rights Plan of The Todd-AO Corporation is designed to align the interests of employees with the company's financial performance and the long-term value creation for its shareholders. By providing employees with the opportunity to participate in the appreciation of the company's stock, the plan aims to incentivize and motivate employees to contribute to the company's success.