Riverside California Stock Appreciation Rights Plan of The Todd-AO Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Riverside
• 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 Riverside California Stock Appreciation Rights Plan of The Todd-AO Corporation is a comprehensive employee incentive program designed to reward employees for the company's stock performance. This plan offers various types of stock appreciation rights for eligible employees, allowing them to take part in the company's growth and success. One type of Stock Appreciation Rights (SARS) offered under this plan is the "Performance-based SARS." This SARS is granted to employees based on the achievement of specific performance goals set by the company. If these predetermined goals are met or exceeded, employees are entitled to the appreciation in the company's stock value over a certain period. This type of SARS encourages employees to actively contribute to the company's overall success and performance. Another unique type of SARS available in the Riverside California Stock Appreciation Rights Plan is the "Restricted Stock Unit SARS." Under this plan, eligible employees are granted a specific number of restricted stock units. These units represent a right to receive future appreciation in the company's stock value. However, employees do not have ownership of the actual stock until certain vesting conditions are met, such as the completion of a predetermined service period or the achievement of specific targets. The Riverside California Stock Appreciation Rights Plan also offers "Cash-settled SARS," which provide employees with a cash payment equivalent to the appreciation in the company's stock value. Unlike other SARS, employees do not receive actual company stocks but receive a cash settlement once the SARS vest. This type of SARS is valuable for employees who prefer immediate cash incentives rather than owning company stocks. The Todd-AO Corporation's Riverside California Stock Appreciation Rights Plan is a coveted employee benefit that aims to align the employees' interests with the company's long-term success. By providing employees with a chance to participate in the company's stock appreciation, this plan motivates and encourages them to contribute to the organization's growth. The various types of SARS available offer flexibility to employees based on their preferences and financial goals, ensuring a well-rounded incentive program.

The Riverside California Stock Appreciation Rights Plan of The Todd-AO Corporation is a comprehensive employee incentive program designed to reward employees for the company's stock performance. This plan offers various types of stock appreciation rights for eligible employees, allowing them to take part in the company's growth and success. One type of Stock Appreciation Rights (SARS) offered under this plan is the "Performance-based SARS." This SARS is granted to employees based on the achievement of specific performance goals set by the company. If these predetermined goals are met or exceeded, employees are entitled to the appreciation in the company's stock value over a certain period. This type of SARS encourages employees to actively contribute to the company's overall success and performance. Another unique type of SARS available in the Riverside California Stock Appreciation Rights Plan is the "Restricted Stock Unit SARS." Under this plan, eligible employees are granted a specific number of restricted stock units. These units represent a right to receive future appreciation in the company's stock value. However, employees do not have ownership of the actual stock until certain vesting conditions are met, such as the completion of a predetermined service period or the achievement of specific targets. The Riverside California Stock Appreciation Rights Plan also offers "Cash-settled SARS," which provide employees with a cash payment equivalent to the appreciation in the company's stock value. Unlike other SARS, employees do not receive actual company stocks but receive a cash settlement once the SARS vest. This type of SARS is valuable for employees who prefer immediate cash incentives rather than owning company stocks. The Todd-AO Corporation's Riverside California Stock Appreciation Rights Plan is a coveted employee benefit that aims to align the employees' interests with the company's long-term success. By providing employees with a chance to participate in the company's stock appreciation, this plan motivates and encourages them to contribute to the organization's growth. The various types of SARS available offer flexibility to employees based on their preferences and financial goals, ensuring a well-rounded incentive program.