Hennepin Minnesota Stock Appreciation Rights Plan of The Todd-AO Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Hennepin
• 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 Hennepin Minnesota Stock Appreciation Rights Plan of The Todd-AO Corporation is a compensation program offered to employees of the company based in Hennepin County, Minnesota. This plan is designed to provide participants with the opportunity to earn additional compensation based on the appreciation of the company's stock. Stock Appreciation Rights (SARS) are a type of employee stock option plan that allows participants to benefit from the increase in the value of the company's stock over a specified period. Unlike traditional stock options, SARS do not require participants to purchase the stock at a predetermined price. Instead, participants are granted the right to receive the appreciation in the company's stock value as cash or additional stock. The Hennepin Minnesota Stock Appreciation Rights Plan of The Todd-AO Corporation offers various types of SARS to its eligible employees: 1. Full-Value SARS: Under this type of SAR, participants are granted the right to receive the full value of the stock appreciation in cash or stock, upon exercise of the SARS. The value is typically determined by the increase in the stock price from the grant date to the exercise date. 2. Phantom Stock SARS: This type of SAR is similar to full-value SARS but is settled in shares of the company's stock. Participants receive a specified number of phantom stock units, and upon exercise, these units are converted into actual shares of company stock. 3. Tandem SARS: Tandem SARS are often granted alongside stock options. Participants have the choice to exercise either the stock options or the SARS, depending on which will result in a more favorable outcome. Tandem SARS provide an additional opportunity to benefit from the stock price appreciation. The Hennepin Minnesota Stock Appreciation Rights Plan of The Todd-AO Corporation aims to motivate and reward employees by aligning their interests with the company's financial success. By offering SARS as part of the compensation package, the company encourages employees to contribute to the growth and profitability of the business, enhancing overall shareholder value. These stock appreciation rights plans are subject to specific terms and conditions, such as vesting schedules, exercise periods, and eligibility criteria, which are determined by The Todd-AO Corporation. The value of SARS will vary depending on the company's stock performance, making it an attractive incentive for employees to actively contribute to the company's success. In summary, the Hennepin Minnesota Stock Appreciation Rights Plan of The Todd-AO Corporation is a compensation program offering various types of SARS to eligible employees. This SARS provides participants with the opportunity to earn additional compensation based on the appreciation of the company's stock, fostering a sense of ownership and incentivizing their contributions to the company's overall success.

The Hennepin Minnesota Stock Appreciation Rights Plan of The Todd-AO Corporation is a compensation program offered to employees of the company based in Hennepin County, Minnesota. This plan is designed to provide participants with the opportunity to earn additional compensation based on the appreciation of the company's stock. Stock Appreciation Rights (SARS) are a type of employee stock option plan that allows participants to benefit from the increase in the value of the company's stock over a specified period. Unlike traditional stock options, SARS do not require participants to purchase the stock at a predetermined price. Instead, participants are granted the right to receive the appreciation in the company's stock value as cash or additional stock. The Hennepin Minnesota Stock Appreciation Rights Plan of The Todd-AO Corporation offers various types of SARS to its eligible employees: 1. Full-Value SARS: Under this type of SAR, participants are granted the right to receive the full value of the stock appreciation in cash or stock, upon exercise of the SARS. The value is typically determined by the increase in the stock price from the grant date to the exercise date. 2. Phantom Stock SARS: This type of SAR is similar to full-value SARS but is settled in shares of the company's stock. Participants receive a specified number of phantom stock units, and upon exercise, these units are converted into actual shares of company stock. 3. Tandem SARS: Tandem SARS are often granted alongside stock options. Participants have the choice to exercise either the stock options or the SARS, depending on which will result in a more favorable outcome. Tandem SARS provide an additional opportunity to benefit from the stock price appreciation. The Hennepin Minnesota Stock Appreciation Rights Plan of The Todd-AO Corporation aims to motivate and reward employees by aligning their interests with the company's financial success. By offering SARS as part of the compensation package, the company encourages employees to contribute to the growth and profitability of the business, enhancing overall shareholder value. These stock appreciation rights plans are subject to specific terms and conditions, such as vesting schedules, exercise periods, and eligibility criteria, which are determined by The Todd-AO Corporation. The value of SARS will vary depending on the company's stock performance, making it an attractive incentive for employees to actively contribute to the company's success. In summary, the Hennepin Minnesota Stock Appreciation Rights Plan of The Todd-AO Corporation is a compensation program offering various types of SARS to eligible employees. This SARS provides participants with the opportunity to earn additional compensation based on the appreciation of the company's stock, fostering a sense of ownership and incentivizing their contributions to the company's overall success.