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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Nassau
• 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 Nassau New York Stock Appreciation Rights Plan is a compensation plan offered by The Todd-AO Corporation to its employees. This plan provides employees with the opportunity to earn additional compensation based on the appreciation of the company's stock price over a specific period of time. The Todd-AO Corporation is a prominent company based in Nassau, New York, known for its excellence in various sectors. They have implemented this stock appreciation rights plan as a way to reward their employees for their dedication and contribution towards the company's growth. Under the Nassau New York Stock Appreciation Rights Plan, eligible employees are granted a certain number of rights, which entitle them to receive a cash or stock bonus equal to the increase in the company's stock price during a specified vesting period. These rights are typically granted as an incentive to retain and motivate top talent within the organization. There are different types of stock appreciation rights plans offered by The Todd-AO Corporation, including: 1. Performance-Based Stock Appreciation Rights Plan: This plan sets specific performance goals that must be achieved by the company for employees to receive the stock appreciation rights. These goals are typically related to financial targets or other predetermined milestones. 2. Time-Based Stock Appreciation Rights Plan: This plan grants employees stock appreciation rights that vest over a specific period of time. The rights become exercisable gradually, allowing employees to benefit from the increase in stock price over the vesting period. 3. Cash-Settled Stock Appreciation Rights Plan: In this type of plan, employees receive a cash bonus equal to the appreciation in the company's stock price, rather than receiving actual shares. This provides employees with flexibility and liquidity as they can convert their rights into cash. It's important to note that the specific details of the Nassau New York Stock Appreciation Rights Plan may vary based on the employee's position, performance, and other factors. The Todd-AO Corporation strives to design these plans in a way that aligns the interests of its employees with the long-term success of the company.

The Nassau New York Stock Appreciation Rights Plan is a compensation plan offered by The Todd-AO Corporation to its employees. This plan provides employees with the opportunity to earn additional compensation based on the appreciation of the company's stock price over a specific period of time. The Todd-AO Corporation is a prominent company based in Nassau, New York, known for its excellence in various sectors. They have implemented this stock appreciation rights plan as a way to reward their employees for their dedication and contribution towards the company's growth. Under the Nassau New York Stock Appreciation Rights Plan, eligible employees are granted a certain number of rights, which entitle them to receive a cash or stock bonus equal to the increase in the company's stock price during a specified vesting period. These rights are typically granted as an incentive to retain and motivate top talent within the organization. There are different types of stock appreciation rights plans offered by The Todd-AO Corporation, including: 1. Performance-Based Stock Appreciation Rights Plan: This plan sets specific performance goals that must be achieved by the company for employees to receive the stock appreciation rights. These goals are typically related to financial targets or other predetermined milestones. 2. Time-Based Stock Appreciation Rights Plan: This plan grants employees stock appreciation rights that vest over a specific period of time. The rights become exercisable gradually, allowing employees to benefit from the increase in stock price over the vesting period. 3. Cash-Settled Stock Appreciation Rights Plan: In this type of plan, employees receive a cash bonus equal to the appreciation in the company's stock price, rather than receiving actual shares. This provides employees with flexibility and liquidity as they can convert their rights into cash. It's important to note that the specific details of the Nassau New York Stock Appreciation Rights Plan may vary based on the employee's position, performance, and other factors. The Todd-AO Corporation strives to design these plans in a way that aligns the interests of its employees with the long-term success of the company.