Cook Illinois Stock Appreciation Rights Plan of The Todd-AO Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Cook
• 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 Keywords: Cook Illinois, Stock Appreciation Rights Plan, Todd-AO Corporation The Cook Illinois Stock Appreciation Rights Plan is a specialized compensation program implemented by The Todd-AO Corporation to incentivize and reward its employees. The plan aims to provide employees with the opportunity to benefit from the company's stock appreciation without requiring them to actually purchase company shares. Under this plan, eligible employees are granted a specific number of stock appreciation rights (SARS) as part of their total compensation package. SARS is a type of equity-based incentive awarded to employees, which allow them to receive cash or stock payments equivalent to the appreciation in the company's stock value over a specific period of time. The Cook Illinois Stock Appreciation Rights Plan is designed to motivate employees to contribute to the long-term growth and success of the Todd-AO Corporation. By linking their financial rewards directly to the company's stock performance, employees are encouraged to work towards increasing shareholder value. There are several types of Stock Appreciation Rights Plans available under the Cook Illinois program, each tailored to meet the specific needs and goals of different groups within the Todd-AO Corporation: 1. Executive Stock Appreciation Rights Plan: This plan targets top-level executives within the company and offers a higher number of SARS as well as additional benefits. It aims to align the interests of executives with the company's overall performance. 2. Employee Stock Appreciation Rights Plan: This plan is applicable to all regular full-time and part-time employees, providing them with the opportunity to participate in the company's growth and financial success. The number of SARS granted may vary based on factors such as employee tenure, performance, and position within the organization. 3. Long-Term Incentive Plan: This plan is a combination of stock appreciation rights and other performance-based incentives. It is designed to attract and retain key employees with the potential for substantial long-term rewards. The plan typically involves vesting periods, where employees must stay with the company for a certain period before they can exercise their SARS. The Cook Illinois Stock Appreciation Rights Plan is subject to specific terms and conditions outlined by the Todd-AO Corporation, including vesting schedules, exercise periods, and potential tax implications. Employees who are granted SARS need to carefully understand the rules and requirements associated with the plan to make informed decisions regarding when and how to exercise their rights. Overall, the Cook Illinois Stock Appreciation Rights Plan serves as a valuable tool for the Todd-AO Corporation to attract, motivate, and retain talented employees by providing them with a direct opportunity to participate in the company's financial success.

Keywords: Cook Illinois, Stock Appreciation Rights Plan, Todd-AO Corporation The Cook Illinois Stock Appreciation Rights Plan is a specialized compensation program implemented by The Todd-AO Corporation to incentivize and reward its employees. The plan aims to provide employees with the opportunity to benefit from the company's stock appreciation without requiring them to actually purchase company shares. Under this plan, eligible employees are granted a specific number of stock appreciation rights (SARS) as part of their total compensation package. SARS is a type of equity-based incentive awarded to employees, which allow them to receive cash or stock payments equivalent to the appreciation in the company's stock value over a specific period of time. The Cook Illinois Stock Appreciation Rights Plan is designed to motivate employees to contribute to the long-term growth and success of the Todd-AO Corporation. By linking their financial rewards directly to the company's stock performance, employees are encouraged to work towards increasing shareholder value. There are several types of Stock Appreciation Rights Plans available under the Cook Illinois program, each tailored to meet the specific needs and goals of different groups within the Todd-AO Corporation: 1. Executive Stock Appreciation Rights Plan: This plan targets top-level executives within the company and offers a higher number of SARS as well as additional benefits. It aims to align the interests of executives with the company's overall performance. 2. Employee Stock Appreciation Rights Plan: This plan is applicable to all regular full-time and part-time employees, providing them with the opportunity to participate in the company's growth and financial success. The number of SARS granted may vary based on factors such as employee tenure, performance, and position within the organization. 3. Long-Term Incentive Plan: This plan is a combination of stock appreciation rights and other performance-based incentives. It is designed to attract and retain key employees with the potential for substantial long-term rewards. The plan typically involves vesting periods, where employees must stay with the company for a certain period before they can exercise their SARS. The Cook Illinois Stock Appreciation Rights Plan is subject to specific terms and conditions outlined by the Todd-AO Corporation, including vesting schedules, exercise periods, and potential tax implications. Employees who are granted SARS need to carefully understand the rules and requirements associated with the plan to make informed decisions regarding when and how to exercise their rights. Overall, the Cook Illinois Stock Appreciation Rights Plan serves as a valuable tool for the Todd-AO Corporation to attract, motivate, and retain talented employees by providing them with a direct opportunity to participate in the company's financial success.