Alabama Nonemployee Directors Stock Plan of Jacor Communications, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-282A
• Format: Word; Rich Text

Description

18-282A 18-282A . . . Non-employee Director Stock Plan under which Board of Directors can grant (a) Non-qualified Stock Options, (b) Restricted Stock, (c) Stock Appreciation Rights, (d) Performance Units, (e) Performance Shares, and (f) other stock units to Non-employee directors The Alabama Nonemployee Directors Stock Plan is a program initiated by Jacob Communications, Inc., designed to offer its non-employee directors an opportunity to acquire stock ownership in the company. This plan aims to enhance employee and director alignment, promote long-term commitment, and incentivize the directors to contribute to the company's growth and success. Under the Alabama Nonemployee Directors Stock Plan, non-employee directors of Jacob Communications, Inc. are granted the right to purchase shares of the company's stock at a predetermined price. The plan is tailored to meet the specific needs and requirements of Alabama-based directors, ensuring compliance with the applicable state laws and regulations. The plan offers various types of awards and grants to non-employee directors, which may include both stock options and restricted stock units (RSS). Stock options provide the right to purchase a specific number of shares at a predetermined exercise price within a defined period. On the other hand, RSS grant directors the right to receive a specific number of shares upon meeting certain vesting conditions. Additionally, the Alabama Nonemployee Directors Stock Plan may include performance-based stock grants. These grants are contingent upon the achievement of specific performance criteria, such as financial targets or metrics related to the company's growth and profitability. This type of award further aligns the interests of directors with the long-term objectives of the company. The plan also outlines provisions regarding stock ownership guidelines, which require directors to maintain a minimum level of stock ownership throughout their tenure. This requirement encourages directors to have a personal stake in the company's performance and fosters a sense of shared responsibility. Furthermore, the Alabama Nonemployee Directors Stock Plan ensures fairness and transparency by setting clear guidelines for director eligibility, award calculations, and exercise periods. It also includes provisions for adjustment in case of stock splits, mergers, or other corporate events to maintain the integrity and value of the plan. In summary, the Alabama Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a comprehensive program designed to incentivize non-employee directors by offering them an opportunity to acquire stock ownership in the company. Through various types of awards, including stock options and restricted stock units, the plan promotes alignment, commitment, and involvement in Jacob Communications' long-term success.

The Alabama Nonemployee Directors Stock Plan is a program initiated by Jacob Communications, Inc., designed to offer its non-employee directors an opportunity to acquire stock ownership in the company. This plan aims to enhance employee and director alignment, promote long-term commitment, and incentivize the directors to contribute to the company's growth and success. Under the Alabama Nonemployee Directors Stock Plan, non-employee directors of Jacob Communications, Inc. are granted the right to purchase shares of the company's stock at a predetermined price. The plan is tailored to meet the specific needs and requirements of Alabama-based directors, ensuring compliance with the applicable state laws and regulations. The plan offers various types of awards and grants to non-employee directors, which may include both stock options and restricted stock units (RSS). Stock options provide the right to purchase a specific number of shares at a predetermined exercise price within a defined period. On the other hand, RSS grant directors the right to receive a specific number of shares upon meeting certain vesting conditions. Additionally, the Alabama Nonemployee Directors Stock Plan may include performance-based stock grants. These grants are contingent upon the achievement of specific performance criteria, such as financial targets or metrics related to the company's growth and profitability. This type of award further aligns the interests of directors with the long-term objectives of the company. The plan also outlines provisions regarding stock ownership guidelines, which require directors to maintain a minimum level of stock ownership throughout their tenure. This requirement encourages directors to have a personal stake in the company's performance and fosters a sense of shared responsibility. Furthermore, the Alabama Nonemployee Directors Stock Plan ensures fairness and transparency by setting clear guidelines for director eligibility, award calculations, and exercise periods. It also includes provisions for adjustment in case of stock splits, mergers, or other corporate events to maintain the integrity and value of the plan. In summary, the Alabama Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a comprehensive program designed to incentivize non-employee directors by offering them an opportunity to acquire stock ownership in the company. Through various types of awards, including stock options and restricted stock units, the plan promotes alignment, commitment, and involvement in Jacob Communications' long-term success.