San Bernardino California Stock Appreciation Rights Plan of The Todd-AO Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: San Bernardino
• 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 San Bernardino, California Stock Appreciation Rights Plan of The Todd-AO Corporation is a comprehensive program designed to reward employees for their contributions and dedication to the company's success. Under this plan, eligible employees are granted the opportunity to receive financial benefits based on the appreciation of the company's stock over a specific period. The Stock Appreciation Rights (SARS) plan operates within the legal framework established by the state of California and is specifically tailored for employees residing in San Bernardino. This plan aims to provide employees with a sense of ownership and align their interests with the overall performance of the company. The Todd-AO Corporation offers two main types of San Bernardino, California Stock Appreciation Rights Plans: 1. General Stock Appreciation Rights Plan: This plan is awarded to eligible employees based on their performance, tenure, and position within the company. It allows employees to benefit from the appreciation in the market value of Todd-AO Corporation's stock during a predetermined period, typically linked to the company's financial performance. The value of SARS granted is tied to the increase in the company's stock price and can fluctuate accordingly. 2. Performance-Based Stock Appreciation Rights Plan: This type of plan is designed to incentivize and reward exceptional performance by employees. It includes specific performance targets, such as meeting sales goals, improving operational efficiency, or achieving predetermined milestones. Employees who surpass these targets are granted additional SARS, allowing them to participate in the financial success of the company. Both plans have certain vesting requirements, typically involving a predetermined period of continuous employment, to ensure that employees remain engaged and committed to the long-term goals of the company. Vesting schedules may vary for different employees based on their position, level of responsibility, or other factors defined within the plan. The San Bernardino, California Stock Appreciation Rights Plan of The Todd-AO Corporation is a valuable component of the company's comprehensive compensation and benefits package. It serves as a key tool to attract, motivate, and retain high-performing employees in San Bernardino, aligning their interests with the long-term growth and financial success of the organization.

The San Bernardino, California Stock Appreciation Rights Plan of The Todd-AO Corporation is a comprehensive program designed to reward employees for their contributions and dedication to the company's success. Under this plan, eligible employees are granted the opportunity to receive financial benefits based on the appreciation of the company's stock over a specific period. The Stock Appreciation Rights (SARS) plan operates within the legal framework established by the state of California and is specifically tailored for employees residing in San Bernardino. This plan aims to provide employees with a sense of ownership and align their interests with the overall performance of the company. The Todd-AO Corporation offers two main types of San Bernardino, California Stock Appreciation Rights Plans: 1. General Stock Appreciation Rights Plan: This plan is awarded to eligible employees based on their performance, tenure, and position within the company. It allows employees to benefit from the appreciation in the market value of Todd-AO Corporation's stock during a predetermined period, typically linked to the company's financial performance. The value of SARS granted is tied to the increase in the company's stock price and can fluctuate accordingly. 2. Performance-Based Stock Appreciation Rights Plan: This type of plan is designed to incentivize and reward exceptional performance by employees. It includes specific performance targets, such as meeting sales goals, improving operational efficiency, or achieving predetermined milestones. Employees who surpass these targets are granted additional SARS, allowing them to participate in the financial success of the company. Both plans have certain vesting requirements, typically involving a predetermined period of continuous employment, to ensure that employees remain engaged and committed to the long-term goals of the company. Vesting schedules may vary for different employees based on their position, level of responsibility, or other factors defined within the plan. The San Bernardino, California Stock Appreciation Rights Plan of The Todd-AO Corporation is a valuable component of the company's comprehensive compensation and benefits package. It serves as a key tool to attract, motivate, and retain high-performing employees in San Bernardino, aligning their interests with the long-term growth and financial success of the organization.