On Jan. 1, 2020, Terra Company established a share appreciation rights plan for the executives. The plan entitled them to receive cash at any time during the next four years for the difference between the market price of the ordinary share and a pre-established price of Php20 on Php60,000 share appreciation rights or SARS. On Dec. 31, 2022, 20,000 SARS are exercised by executives.

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A:

Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.