The Nebraska Stock Appreciation Right Plan (SHARP) by Helene Curtis Industries, Inc. is a unique compensation program designed for employees. With the use of relevant keywords, let's dive into a detailed description of this plan and explore potential types. 1. Overview of Nebraska Stock Appreciation Right Plan: The Nebraska Stock Appreciation Right Plan is a performance-based compensation program implemented by Helene Curtis Industries, Inc. to incentivize and reward employees for their contributions to the company's success. This plan grants eligible employees the right to receive an appreciation on the company's stock value over a predetermined period. 2. Features and Benefits of the SHARP: The Nebraska Stock Appreciation Right Plan offers several key features and benefits, prominently including: a. Employee Incentivization: The SHARP motivates employees to excel by tying their compensation directly to the company's stock performance. b. Performance-based: Encompassing a performance-based structure, the plan aims to align the interests of employees with that of the organization and its shareholders. c. Financial Growth Potential: By participating in the SHARP, employees have the opportunity to potentially benefit from the increase in Helene Curtis Industries' stock value, enhancing their financial well-being. d. Retention and Loyalty: The plan helps foster loyalty among employees, as it offers a long-term incentive to stay with the company and contribute to its long-term success. 3. Types of Nebraska Stock Appreciation Right Plan variations: While specific variations in Nebraska Stock Appreciation Right Plan within Helene Curtis Industries, Inc. are not provided, different types may include: a. Performance-based SARS: This variation of the plan awards appreciation rights based on individual, team, or company-wide performance metrics achieved by the employees. b. Time-based SARS: In this type, appreciation rights are granted to employees based on the number of years served or a fixed schedule, independent of specific performance metrics. c. Vesting Schedules: The SHARP might be structured with different vesting schedules, ensuring that employees receive their appreciation rights gradually over a predetermined period, typically encouraging their long-term commitment. d. Cash-settled or Stock-settled SARS: Here, employees may have the choice to receive the appreciation rights in cash or Helene Curtis Industries' stock, allowing flexibility based on individual preferences. Note: These specific variations are hypothetical examples and may not correspond to the actual types of SARS offered by Helene Curtis Industries, Inc. In conclusion, the Nebraska Stock Appreciation Right Plan, implemented by Helene Curtis Industries, Inc., is a performance-based compensation program aimed at motivating and rewarding employees. By offering appreciation rights tied to the company's stock value, this plan incentivizes employees, boosts loyalty, and fosters long-term commitment. While the specific variations of the plan are not known, potential types include performance-based SARS, time-based SARS, vesting schedules, and cash or stock settlements.
Nebraska Stock Appreciation Right Plan of Helene Curtis Industries, Inc.
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Stock Appreciation Right (SAR) entitles an employee, who is a shareholder in a company, to a cash payment proportionate to the appreciation of stock traded on a public exchange market. SAR programs provide companies with the flexibility to structure the compensation scheme in a way that suits their beneficiaries.
?SARs? means stock appreciation rights entitling the holder thereof to receive a cash payment in an amount equal to the appreciation in the Common Shares over a specified period, as set forth in this Plan and in the applicable Grant Agreement.
Stock Appreciation Rights (SARs) SARs differ from ESOPs in that they do not grant direct ownership to employees, but rather give them the right to receive a cash payout equal to the value of the stock appreciation.
Stock appreciation rights are similar to stock options in that they are granted at a set price, and they generally have a vesting period and an expiration date. Once a stock appreciation right vests, an employee can exercise it at any time prior to its expiration.
The company continued to grow, manufacturing products as varied as deodorant to skin creams, until 1996 when Helene Curtis was acquired by Unilever for $770 million.
Stock Appreciation Rights plans do not result in equity dilution because actual shares are not being transferred to the employee. Participants do not become owners. Instead, they are potential cash beneficiaries in the appreciation of the underlying company value.