Oregon Share Appreciation Rights Plan with amendment

State:
Multi-State
Control #:
US-CC-18-400D
Format:
Word; 
Rich Text
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Description

18-400D 18-400D . . . Share Appreciation Rights Plan under which stock option committee determines to whom units are awarded, number of units to be awarded and terms of such units. On grant date, committee assigns each unit a base value which cannot be less than market value of share of common stock on that date. Each award becomes exercisable with respect to 25% of units awarded on each of first four anniversaries of grant date, provided grantee has been continually employed full-time by corporation or subsidiary. Units may be exercised, to extent vested, at any time until five years after grant date. Upon exercise of vested units, grantee is entitled to receive net appreciation of such units in cash or in shares of common stock, as determined by committee

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.

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FAQ

There are no U.S. federal income tax consequences when an employee is granted SARs. However, at exercise an employee will recognize compensation income on the fair market value of the amount received at vesting. An employer is generally obligated to withhold taxes.

A Stock Appreciation Right (SAR) refers to the right to be paid compensation equivalent to an increase in the company's common stock price over a base or the value of appreciation of the equity shares currently being traded on the public market.

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.

For example, let's say you were granted stock appreciation rights on 10 shares of your company ABC's stock, valued at $10 per share. Over time, the share price increases from $10 to $12. This means you'd receive $2 per share since that was the increased value.

Stock Appreciation Rights (SARs) SARs also provide the benefit of appreciation without giving actual stock. But unlike phantom stock, SARs tend to resemble stock options, where employees can choose when to exercise them. Vested SARs generally may be exercised any time between vesting and expiration.

A stock appreciation right is a contract between an employer and an employee that grants the employee the right to receive a payment tied to any increase in the value of the employer's stock. When granting a stock appreciation right, the employer does not grant the employee any shares of the employer's stock.

A ?Stock Appreciation Right? is the right to receive a payment from the Company in an amount equal to the ?Spread,? which is defined as the excess of the Fair Market Value (as defined in Plan) of one share of common stock, $1.00 par value (the ?Stock?) of the Company at the Exercise Date (as defined below) over a ...

?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.

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Description: Provide the name of the employer, write “stock appreciation right,” and indicate whether the stock appreciation right is vested. In addition, for  ... This Agreement will be administered, interpreted and enforced under the internal laws of the State of Oregon without regard to conflicts of laws thereof.The amendment can be filed electronically using ORESTAR or by completing the paper form. When filing an amendment using the paper form, complete the entire ... (b) Share Usage. If an option or stock appreciation right granted under the Plan expires, terminates or is canceled, the unissued Shares subject to such option ... 60.484 Share exchange. (1) A corporation may acquire all of the outstanding shares of one or more classes or series of another corporation if the board of ... Share Appreciation Rights Plans. Share appreciation rights (SARs) plans provide an opportunity for participants to benefit from increases in share price over ... When a partnership or LLC grants a profits interest, it awards the recipient a right to share in the future profits and appreciation in value of the entity ... 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. This section exempts offers and sales of securities (including plan interests and guarantees pursuant to paragraph (d)(2)(ii) of this section) under a written ... Dec 31, 2022 — Recognize the book compensation cost over the service period based on the grant-date fair value; recognize a deferred tax asset for book ...

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Oregon Share Appreciation Rights Plan with amendment