South Dakota Stock Appreciation Right Plan of Helene Curtis Industries, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-397
• Format: Word; Rich Text

Description

18-397 18-397 . . . Stock Appreciation Rights Plan under which 2,000,000 Rights may be issued to employees. Each Right entitles participant to receive an amount equal to difference between fair market value of a single share of common stock on date of exercise and base price of Right, which may not be less than fair market value of a single share of common stock on date Right was granted

The South Dakota Stock Appreciation Right Plan of Helene Curtis Industries, Inc. refers to a compensation program designed by the company to motivate and reward its employees through stock appreciation rights (SARS). SARS is a type of employee stock option that grants employees the right to receive the appreciation in the value of the company's stock over a specific period. Helene Curtis Industries, Inc., a renowned consumer products company, established this stock appreciation right plan in South Dakota to attract and retain skilled and dedicated employees, encouraging them to actively contribute to the company's growth and success. The plan is designed to align the interests of employees with those of the shareholders, fostering a sense of ownership and driving motivation and loyalty. The South Dakota Stock Appreciation Right Plan offers several types of SARS to employees, providing flexibility based on different parameters and objectives. Some key variations of SARS offered under this plan include: 1. Time-Vested SARS: This type of SARS grant employees the right to receive a cash payment or company stock equivalent to the appreciation in stock value over a specific period. After a vesting period, employees can exercise their SARS. 2. Performance-Based SARS: This SARS is linked to the company's performance over a certain timeframe. Employees receive a cash payment or stock equivalent if the company achieves predetermined performance goals, such as meeting revenue targets or surpassing market expectations. 3. Change-in-Control SARS: This type of SARS allows employees to receive the appreciation in stock value if there is a change in the ownership or control of the company. It protects the employees' interest during events like mergers, acquisitions, or takeovers, ensuring they benefit from the change. The South Dakota Stock Appreciation Right Plan aims to provide employees with a sense of shared ownership and reward them for their contributions to the company's success. By linking compensation to the company's performance and stock value, employees have a vested interest in driving the company's growth and profitability, leading to a more motivated and engaged workforce. Overall, the South Dakota Stock Appreciation Right Plan of Helene Curtis Industries, Inc. demonstrates the company's commitment to recognizing and rewarding its employees, fostering a culture of collaboration, and aligning employee and shareholder interests through various types of SARS.