Kings New York Stock Appreciation Rights Plan of The Todd-AO Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Kings
• 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 Kings New York Stock Appreciation Rights (SAR) Plan is a compensation strategy implemented by The Todd-AO Corporation, a renowned company in the entertainment industry. This comprehensive plan aims to reward and motivate employees by providing them with the opportunity to reap financial benefits based on the appreciation in the company's stock value. Under the Kings New York SAR Plan, eligible employees are granted the right to receive compensation equivalent to the increase in the Todd-AO Corporation's stock price over a specified period. This increase is typically measured from the grant date of the SAR to the exercise or settlement date. Employees do not receive actual shares of stock; instead, they receive the monetary value corresponding to the appreciation. The SARS granted to employees are subject to certain conditions and vesting schedules. Vesting refers to the period an employee must wait before they can exercise their rights and receive the monetary gain. The Todd-AO Corporation may set specific vesting requirements, such as the completion of a certain number of years of service or the attainment of specific performance goals, to ensure employees remain committed and contribute to the company's success. There may be multiple types of Kings New York SAR Plans within The Todd-AO Corporation, each tailored to meet the unique needs and circumstances of different employee groups. These plans could include specific provisions for executives, management personnel, or other levels of employees, aligning compensation to their respective roles and contributions to the company. The Kings New York SAR Plan offers several advantages for both the employees and the Todd-AO Corporation itself. For employees, it presents an opportunity to benefit from the company's performance without requiring them to purchase actual shares or take on the associated risks of stock ownership. This incentivizes employees to work towards improving the company's performance and share price. For The Todd-AO Corporation, the SAR plan helps align the interests of employees with shareholders, fostering a sense of ownership and commitment among the workforce. By tying compensation to stock appreciation, the plan encourages employees to take a long-term view of the company's success and aligns their interests with the overall growth objectives. In summary, the Kings New York Stock Appreciation Rights Plan of The Todd-AO Corporation is a carefully designed compensation strategy that rewards employees based on the appreciation in the company's stock price. By offering SARS with specific vesting requirements, the plan ensures employees are motivated to enhance the company's performance while aligning their interests with those of the shareholders.

The Kings New York Stock Appreciation Rights (SAR) Plan is a compensation strategy implemented by The Todd-AO Corporation, a renowned company in the entertainment industry. This comprehensive plan aims to reward and motivate employees by providing them with the opportunity to reap financial benefits based on the appreciation in the company's stock value. Under the Kings New York SAR Plan, eligible employees are granted the right to receive compensation equivalent to the increase in the Todd-AO Corporation's stock price over a specified period. This increase is typically measured from the grant date of the SAR to the exercise or settlement date. Employees do not receive actual shares of stock; instead, they receive the monetary value corresponding to the appreciation. The SARS granted to employees are subject to certain conditions and vesting schedules. Vesting refers to the period an employee must wait before they can exercise their rights and receive the monetary gain. The Todd-AO Corporation may set specific vesting requirements, such as the completion of a certain number of years of service or the attainment of specific performance goals, to ensure employees remain committed and contribute to the company's success. There may be multiple types of Kings New York SAR Plans within The Todd-AO Corporation, each tailored to meet the unique needs and circumstances of different employee groups. These plans could include specific provisions for executives, management personnel, or other levels of employees, aligning compensation to their respective roles and contributions to the company. The Kings New York SAR Plan offers several advantages for both the employees and the Todd-AO Corporation itself. For employees, it presents an opportunity to benefit from the company's performance without requiring them to purchase actual shares or take on the associated risks of stock ownership. This incentivizes employees to work towards improving the company's performance and share price. For The Todd-AO Corporation, the SAR plan helps align the interests of employees with shareholders, fostering a sense of ownership and commitment among the workforce. By tying compensation to stock appreciation, the plan encourages employees to take a long-term view of the company's success and aligns their interests with the overall growth objectives. In summary, the Kings New York Stock Appreciation Rights Plan of The Todd-AO Corporation is a carefully designed compensation strategy that rewards employees based on the appreciation in the company's stock price. By offering SARS with specific vesting requirements, the plan ensures employees are motivated to enhance the company's performance while aligning their interests with those of the shareholders.