Arkansas 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 Arkansas Nonemployee Directors Stock Plan is a comprehensive compensation program offered by Jacob Communications, Inc. to nonemployee directors residing in Arkansas. This plan is designed to provide these directors with stock options as a way to incentivize their valuable contributions and align their interests with the company's long-term success. Under the Arkansas Nonemployee Directors Stock Plan, eligible directors are granted stock options that allow them to purchase a specified number of shares of Jacob Communications' common stock at a predetermined exercise price. This enables the nonemployee directors to acquire ownership in the company and benefit from its growth potential. The stock plan aims to foster a sense of ownership and commitment among nonemployee directors, encouraging active participation in board activities and decision-making processes. It recognizes the significant role these directors play in shaping the company's strategic direction and governance policies. The Arkansas Nonemployee Directors Stock Plan of Jacob Communications, Inc. offers various types of stock options to suit the diverse needs and preferences of the directors. These may include: 1. Nonqualified Stock Options (Nests): Nests are a common type of stock option granted under the plan. They offer directors the opportunity to purchase Jacob Communications' common stock at a predetermined price, typically lower than the market value. Directors can exercise these options at their discretion, usually after a specified vesting period. 2. Restricted Stock Units (RSS): RSS are another type of stock option available for nonemployee directors. Instead of receiving actual stock, directors are awarded units that represent the equivalent value of Jacob Communications' common stock. These units typically vest over a specific period and convert into actual stock at the end of the vesting period. 3. Performance Stock Units (Plus): Plus are performance-based stock options where the number of shares granted to directors depends on predetermined performance goals. These goals can be linked to financial metrics, corporate objectives, or other key performance indicators. Plus typically have a vesting period and are converted into actual stock upon meeting the performance targets. It is important to note that the specific details and terms of the Arkansas Nonemployee Directors Stock Plan may vary. Nonemployee directors should consult the plan documents and any applicable agreements to understand the specific provisions, grant sizes, vesting schedules, and other relevant details of their individual stock options.

The Arkansas Nonemployee Directors Stock Plan is a comprehensive compensation program offered by Jacob Communications, Inc. to nonemployee directors residing in Arkansas. This plan is designed to provide these directors with stock options as a way to incentivize their valuable contributions and align their interests with the company's long-term success. Under the Arkansas Nonemployee Directors Stock Plan, eligible directors are granted stock options that allow them to purchase a specified number of shares of Jacob Communications' common stock at a predetermined exercise price. This enables the nonemployee directors to acquire ownership in the company and benefit from its growth potential. The stock plan aims to foster a sense of ownership and commitment among nonemployee directors, encouraging active participation in board activities and decision-making processes. It recognizes the significant role these directors play in shaping the company's strategic direction and governance policies. The Arkansas Nonemployee Directors Stock Plan of Jacob Communications, Inc. offers various types of stock options to suit the diverse needs and preferences of the directors. These may include: 1. Nonqualified Stock Options (Nests): Nests are a common type of stock option granted under the plan. They offer directors the opportunity to purchase Jacob Communications' common stock at a predetermined price, typically lower than the market value. Directors can exercise these options at their discretion, usually after a specified vesting period. 2. Restricted Stock Units (RSS): RSS are another type of stock option available for nonemployee directors. Instead of receiving actual stock, directors are awarded units that represent the equivalent value of Jacob Communications' common stock. These units typically vest over a specific period and convert into actual stock at the end of the vesting period. 3. Performance Stock Units (Plus): Plus are performance-based stock options where the number of shares granted to directors depends on predetermined performance goals. These goals can be linked to financial metrics, corporate objectives, or other key performance indicators. Plus typically have a vesting period and are converted into actual stock upon meeting the performance targets. It is important to note that the specific details and terms of the Arkansas Nonemployee Directors Stock Plan may vary. Nonemployee directors should consult the plan documents and any applicable agreements to understand the specific provisions, grant sizes, vesting schedules, and other relevant details of their individual stock options.