Los Angeles California Stock Appreciation Rights Plan of The Todd-AO Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Los Angeles
• 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 Los Angeles California Stock Appreciation Rights Plan of The Todd-AO Corporation is a unique incentive program provided by the company to its employees. This plan is designed to reward employees for their contribution to the corporation's success and motivate them to work towards achieving the company's objectives. Below, we will provide a detailed description of this plan, emphasizing its features and benefits. Todd-AO Corporation, a renowned company based in Los Angeles, California, has implemented the Stock Appreciation Rights Plan as a tool to retain and attract talented individuals. This plan enables eligible employees to earn additional compensation and participate in the company's growth. By rewarding employees with stock appreciation rights, Todd-AO Corporation allows them to benefit from the increase in the company's stock value over a predetermined period. The Los Angeles California Stock Appreciation Rights Plan encompasses two primary types: the Stock Appreciation Rights (SARS) and the Phantom Stock. 1. Stock Appreciation Rights (SARS): Under this variant, eligible employees are granted a specific number of SARS, which entitle them to receive a cash or stock payment equivalent to the appreciation in the company's stock price. The value of SARS is determined by the increase in the stock price from the grant date to the exercise date. Upon exercising their SARS, employees have the flexibility to either receive cash or exchange their rights for company stock. This variant allows employees to actively participate in the company's success and profit from its growth. 2. Phantom Stock: This alternative type of Stock Appreciation Rights Plan provides employees with similar benefits as owning company stock without granting actual ownership. Employees are awarded phantom stocks, which simulate the value of actual company shares. The phantom stocks appreciate in value, generally based on the company's stock price. Upon exercise, employees are paid a cash amount equivalent to the appreciation in the phantom stock's value. Through the Los Angeles California Stock Appreciation Rights Plan, The Todd-AO Corporation aims to align employees' interests with the company's long-term success. This incentive program encourages employees to work efficiently, innovate, and make decisions that positively impact the organization as a whole. It also fosters a sense of ownership among employees, as they directly benefit from the appreciation in the company's stock price. Employees participating in this plan can exercise their stock appreciation rights at predetermined intervals, ensuring mutual benefits for both the employee and Todd-AO Corporation. The plan provides a transparent and fair mechanism to reward employees for their contributions and loyalty to the organization. In summary, the Los Angeles California Stock Appreciation Rights Plan of The Todd-AO Corporation includes two key variations: Stock Appreciation Rights (SARS) and Phantom Stock. The objective of this plan is to incentivize employees by granting them the opportunity to profit from the company's stock price appreciation. By implementing this program, Todd-AO Corporation encourages employee dedication, fosters a sense of ownership, and helps secure a bright future for both the company and its employees.

The Los Angeles California Stock Appreciation Rights Plan of The Todd-AO Corporation is a unique incentive program provided by the company to its employees. This plan is designed to reward employees for their contribution to the corporation's success and motivate them to work towards achieving the company's objectives. Below, we will provide a detailed description of this plan, emphasizing its features and benefits. Todd-AO Corporation, a renowned company based in Los Angeles, California, has implemented the Stock Appreciation Rights Plan as a tool to retain and attract talented individuals. This plan enables eligible employees to earn additional compensation and participate in the company's growth. By rewarding employees with stock appreciation rights, Todd-AO Corporation allows them to benefit from the increase in the company's stock value over a predetermined period. The Los Angeles California Stock Appreciation Rights Plan encompasses two primary types: the Stock Appreciation Rights (SARS) and the Phantom Stock. 1. Stock Appreciation Rights (SARS): Under this variant, eligible employees are granted a specific number of SARS, which entitle them to receive a cash or stock payment equivalent to the appreciation in the company's stock price. The value of SARS is determined by the increase in the stock price from the grant date to the exercise date. Upon exercising their SARS, employees have the flexibility to either receive cash or exchange their rights for company stock. This variant allows employees to actively participate in the company's success and profit from its growth. 2. Phantom Stock: This alternative type of Stock Appreciation Rights Plan provides employees with similar benefits as owning company stock without granting actual ownership. Employees are awarded phantom stocks, which simulate the value of actual company shares. The phantom stocks appreciate in value, generally based on the company's stock price. Upon exercise, employees are paid a cash amount equivalent to the appreciation in the phantom stock's value. Through the Los Angeles California Stock Appreciation Rights Plan, The Todd-AO Corporation aims to align employees' interests with the company's long-term success. This incentive program encourages employees to work efficiently, innovate, and make decisions that positively impact the organization as a whole. It also fosters a sense of ownership among employees, as they directly benefit from the appreciation in the company's stock price. Employees participating in this plan can exercise their stock appreciation rights at predetermined intervals, ensuring mutual benefits for both the employee and Todd-AO Corporation. The plan provides a transparent and fair mechanism to reward employees for their contributions and loyalty to the organization. In summary, the Los Angeles California Stock Appreciation Rights Plan of The Todd-AO Corporation includes two key variations: Stock Appreciation Rights (SARS) and Phantom Stock. The objective of this plan is to incentivize employees by granting them the opportunity to profit from the company's stock price appreciation. By implementing this program, Todd-AO Corporation encourages employee dedication, fosters a sense of ownership, and helps secure a bright future for both the company and its employees.