Philadelphia Pennsylvania Stock Appreciation Rights Plan of The Todd-AO Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Philadelphia
• 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 Philadelphia Pennsylvania Stock Appreciation Rights Plan of The Todd-AO Corporation is a compensation program designed for employees of the company, based in Philadelphia, Pennsylvania. This plan provides eligible employees with the opportunity to receive additional compensation based on the appreciation in the value of the company's stock. Under this plan, employees are granted stock appreciation rights (SARS) which entitle them to receive a payment equal to the increase in the value of the company's stock over a specified period of time. This SARS is typically granted as part of the employee's overall compensation package and serve as a way to align the interests of employees with the company's long-term performance. The Philadelphia Pennsylvania Stock Appreciation Rights Plan of The Todd-AO Corporation offers various types of SARS to its employees. These may include: 1. Performance-based SARS: This SARS is granted based on specific performance targets set by the company. Employees are eligible to receive cash or stock options if certain performance criteria, such as revenue growth or profitability, are met. 2. Time-based SARS: These SARS vest over a certain period of time, typically measured in years. Once vested, employees can exercise their SARS and receive the appreciation in the company's stock value since the grant date. 3. Restricted Stock Units (RSS): Although not technically SARS, RSS are often included within stock appreciation rights plans. RSS represents a promise to deliver the company's stock at a future date, usually upon achieving certain conditions. Once the conditions are met, employees receive the equivalent value of the appreciated stock. It is important to note that the specifics of the Philadelphia Pennsylvania Stock Appreciation Rights Plan may vary depending on the individual employee's position within the company, their years of service, and performance level. Additionally, the plan terms, including vesting schedule, exercise period, and payment method, are determined by the company's management and stated in the plan documents. Overall, the Philadelphia Pennsylvania Stock Appreciation Rights Plan of The Todd-AO Corporation is a performance-based compensation program aimed at rewarding and incentivizing employees for their contributions and dedication to the company's success.

The Philadelphia Pennsylvania Stock Appreciation Rights Plan of The Todd-AO Corporation is a compensation program designed for employees of the company, based in Philadelphia, Pennsylvania. This plan provides eligible employees with the opportunity to receive additional compensation based on the appreciation in the value of the company's stock. Under this plan, employees are granted stock appreciation rights (SARS) which entitle them to receive a payment equal to the increase in the value of the company's stock over a specified period of time. This SARS is typically granted as part of the employee's overall compensation package and serve as a way to align the interests of employees with the company's long-term performance. The Philadelphia Pennsylvania Stock Appreciation Rights Plan of The Todd-AO Corporation offers various types of SARS to its employees. These may include: 1. Performance-based SARS: This SARS is granted based on specific performance targets set by the company. Employees are eligible to receive cash or stock options if certain performance criteria, such as revenue growth or profitability, are met. 2. Time-based SARS: These SARS vest over a certain period of time, typically measured in years. Once vested, employees can exercise their SARS and receive the appreciation in the company's stock value since the grant date. 3. Restricted Stock Units (RSS): Although not technically SARS, RSS are often included within stock appreciation rights plans. RSS represents a promise to deliver the company's stock at a future date, usually upon achieving certain conditions. Once the conditions are met, employees receive the equivalent value of the appreciated stock. It is important to note that the specifics of the Philadelphia Pennsylvania Stock Appreciation Rights Plan may vary depending on the individual employee's position within the company, their years of service, and performance level. Additionally, the plan terms, including vesting schedule, exercise period, and payment method, are determined by the company's management and stated in the plan documents. Overall, the Philadelphia Pennsylvania Stock Appreciation Rights Plan of The Todd-AO Corporation is a performance-based compensation program aimed at rewarding and incentivizing employees for their contributions and dedication to the company's success.