Stock Appreciation Rights

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Mecklenburg
• 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 Mecklenburg North Carolina Stock Appreciation Rights Plan is a key aspect of The Todd-AO Corporation's employee compensation and incentive program. This plan allows eligible employees to receive financial benefits based on the appreciation in the company's stock value over a specific period of time. The Mecklenburg North Carolina Stock Appreciation Rights Plan is designed to motivate and reward employees for their contributions to the company's success. The plan encourages employees to align their interests with those of the shareholders, fostering a strong sense of ownership and loyalty within the organization. Under this plan, eligible employees are granted stock appreciation rights, also known as SARS, which entitle them to receive a payout based on the increase in the company's stock price. This increase is determined by comparing the stock price at the time of the grant to the stock price at the time of exercise. The Mecklenburg North Carolina Stock Appreciation Rights Plan of The Todd-AO Corporation offers various types of SARS to suit the needs of different employees. These may include: 1. Full-value SARS: This SARS provides employees with the entire value of the stock appreciation. When employees exercise their SARS, they receive the full difference between the grant price and the exercise price in cash or company stock. 2. Phantom SARS: These SARS offer employees the opportunity to receive a cash payout equivalent to the appreciation in the stock value without actually granting them actual shares of stock. This allows the company to provide employees with the financial benefits while maintaining control over the ownership structure of the company. 3. Tandem SARS: In this type of SAR, employees are granted both traditional stock options and SARS. This provides employees with the flexibility to choose between exercising their options or SARS based on prevailing market conditions. The Mecklenburg North Carolina Stock Appreciation Rights Plan of The Todd-AO Corporation is subject to certain terms and conditions outlined in the plan document. This includes eligibility criteria, vesting schedule, exercise period, and other provisions that are designed to protect the interests of both the company and the employees. In conclusion, the Mecklenburg North Carolina Stock Appreciation Rights Plan of The Todd-AO Corporation is a comprehensive employee compensation program aimed at aligning employee interests with shareholder value. It offers different types of SARS to suit the needs of employees and provides them with a tangible financial incentive to contribute to the company's success.

The Mecklenburg North Carolina Stock Appreciation Rights Plan is a key aspect of The Todd-AO Corporation's employee compensation and incentive program. This plan allows eligible employees to receive financial benefits based on the appreciation in the company's stock value over a specific period of time. The Mecklenburg North Carolina Stock Appreciation Rights Plan is designed to motivate and reward employees for their contributions to the company's success. The plan encourages employees to align their interests with those of the shareholders, fostering a strong sense of ownership and loyalty within the organization. Under this plan, eligible employees are granted stock appreciation rights, also known as SARS, which entitle them to receive a payout based on the increase in the company's stock price. This increase is determined by comparing the stock price at the time of the grant to the stock price at the time of exercise. The Mecklenburg North Carolina Stock Appreciation Rights Plan of The Todd-AO Corporation offers various types of SARS to suit the needs of different employees. These may include: 1. Full-value SARS: This SARS provides employees with the entire value of the stock appreciation. When employees exercise their SARS, they receive the full difference between the grant price and the exercise price in cash or company stock. 2. Phantom SARS: These SARS offer employees the opportunity to receive a cash payout equivalent to the appreciation in the stock value without actually granting them actual shares of stock. This allows the company to provide employees with the financial benefits while maintaining control over the ownership structure of the company. 3. Tandem SARS: In this type of SAR, employees are granted both traditional stock options and SARS. This provides employees with the flexibility to choose between exercising their options or SARS based on prevailing market conditions. The Mecklenburg North Carolina Stock Appreciation Rights Plan of The Todd-AO Corporation is subject to certain terms and conditions outlined in the plan document. This includes eligibility criteria, vesting schedule, exercise period, and other provisions that are designed to protect the interests of both the company and the employees. In conclusion, the Mecklenburg North Carolina Stock Appreciation Rights Plan of The Todd-AO Corporation is a comprehensive employee compensation program aimed at aligning employee interests with shareholder value. It offers different types of SARS to suit the needs of employees and provides them with a tangible financial incentive to contribute to the company's success.