The Oregon Share Appreciation Rights Plan with amendment is a compensation program that allows employees to receive additional financial benefits based on the appreciation of the company's stock value over a specified period of time. This plan is specifically designed for companies operating in the state of Oregon and provides an attractive incentive for employees to contribute to the growth and success of the organization. With the Oregon Share Appreciation Rights Plan, employees are granted the right to receive cash or company stock equivalent to the increase in the value of the company's shares. This increase, commonly known as the appreciation, is measured from the grant date to the designated exercise date, which typically occurs after a certain vesting period. One of the key benefits of this plan is its flexibility. There are different types of Oregon Share Appreciation Rights Plans, including Full Value Appreciation Rights (FAR) and Stock Appreciation Rights (SAR). In the Full Value Appreciation Rights option, employees receive the full value of the stock appreciation in cash or company stock. On the other hand, the Stock Appreciation Rights option provides employees with the appreciation value solely in cash. To participate in the Oregon Share Appreciation Rights Plan, employees must meet certain eligibility criteria determined by the company. This criteria may include factors such as employment duration, position level, or performance goals. Once eligible, employees are granted a specific number of appreciation rights, and their entitlement is calculated based on the increase in the company's stock value. The amendment to the Oregon Share Appreciation Rights Plan allows companies to make modifications or adjustments to the plan's terms and conditions to better suit their business needs and comply with any regulatory changes. This flexibility ensures that the plan remains relevant and effective in incentivizing employees in an ever-evolving corporate landscape. Overall, the Oregon Share Appreciation Rights Plan with amendment serves as a powerful tool for Oregon-based companies to attract, motivate, and retain talented employees. By aligning employee compensation with the company's stock performance, this plan encourages employees to contribute their best efforts towards the company's growth and overall success.