Stock Appreciation Rights

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Harris
• 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 Harris Texas Stock Appreciation Rights Plan is a compensation program implemented by The Todd-AO Corporation, a leading company in the entertainment industry. This Plan is designed to reward and retain talented employees, providing them with an opportunity to benefit from the company's stock performance. Under Harris Texas Stock Appreciation Rights Plan, eligible employees are granted stock appreciation rights (SARS). SARS is a form of compensation that allows employees to receive additional value based on the increase in the company's stock price over a specified period. This unique incentive aims to align employee interests with those of the company and offer them a sense of ownership in Todd-AO's success. The Plan is customized to provide various types of SARS to cater to different employee groups within the organization. These different types may include: 1. Executive Stock Appreciation Rights: Reserved for top-level executives and key decision-makers within Todd-AO. Executive SARS enable these employees to benefit significantly from the company's stock price growth, enhancing their overall compensation package and aligning their incentives with shareholders' interests. 2. Management Stock Appreciation Rights: This category encompasses SARS offered to mid-level managers and other managerial positions. This SARS is aimed at recognizing their contributions to the company's performance and fostering a sense of ownership and commitment to long-term success. 3. Employee Stock Appreciation Rights: The employee SARS are designed for the broader workforce, including non-executive, non-managerial employees. This type of SARS ensures that all employees have an opportunity to share in the company's growth, promoting loyalty and incentivizing engagement at all levels of the organization. Harris Texas Stock Appreciation Rights Plan has specific guidelines, terms, and conditions that determine the eligibility, vesting period, exercise price, and allocation of SARS for each employee category. These provisions aim to strike a balance between rewarding employees fairly and driving performance-driven behavior that contributes to Todd-AO's overall success. By implementing the Harris Texas Stock Appreciation Rights Plan, The Todd-AO Corporation provides a valuable compensation mechanism that motivates and retains its employees. Through the different types of SARS available, the company ensures that all employees have an opportunity to participate in the growth of the company, fostering a culture of shared success and long-term commitment.

Harris Texas Stock Appreciation Rights Plan is a compensation program implemented by The Todd-AO Corporation, a leading company in the entertainment industry. This Plan is designed to reward and retain talented employees, providing them with an opportunity to benefit from the company's stock performance. Under Harris Texas Stock Appreciation Rights Plan, eligible employees are granted stock appreciation rights (SARS). SARS is a form of compensation that allows employees to receive additional value based on the increase in the company's stock price over a specified period. This unique incentive aims to align employee interests with those of the company and offer them a sense of ownership in Todd-AO's success. The Plan is customized to provide various types of SARS to cater to different employee groups within the organization. These different types may include: 1. Executive Stock Appreciation Rights: Reserved for top-level executives and key decision-makers within Todd-AO. Executive SARS enable these employees to benefit significantly from the company's stock price growth, enhancing their overall compensation package and aligning their incentives with shareholders' interests. 2. Management Stock Appreciation Rights: This category encompasses SARS offered to mid-level managers and other managerial positions. This SARS is aimed at recognizing their contributions to the company's performance and fostering a sense of ownership and commitment to long-term success. 3. Employee Stock Appreciation Rights: The employee SARS are designed for the broader workforce, including non-executive, non-managerial employees. This type of SARS ensures that all employees have an opportunity to share in the company's growth, promoting loyalty and incentivizing engagement at all levels of the organization. Harris Texas Stock Appreciation Rights Plan has specific guidelines, terms, and conditions that determine the eligibility, vesting period, exercise price, and allocation of SARS for each employee category. These provisions aim to strike a balance between rewarding employees fairly and driving performance-driven behavior that contributes to Todd-AO's overall success. By implementing the Harris Texas Stock Appreciation Rights Plan, The Todd-AO Corporation provides a valuable compensation mechanism that motivates and retains its employees. Through the different types of SARS available, the company ensures that all employees have an opportunity to participate in the growth of the company, fostering a culture of shared success and long-term commitment.