Connecticut 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 Connecticut Nonemployee Directors Stock Plan is a compensation program offered by Jacob Communications, Inc., a renowned communications company headquartered in Connecticut, USA. This stock plan is specifically designed for nonemployee directors of the company, providing them with an opportunity to receive stock-based incentives as a part of their compensation package. Under the Connecticut Nonemployee Directors Stock Plan of Jacob Communications, Inc., nonemployee directors are granted the right to purchase company stock at specified prices, usually at a discount or a predetermined rate. This plan aims to align the interests of the nonemployee directors with those of the company's shareholders, encouraging them to contribute to the company's overall growth and success. There may be different types or variations of the Connecticut Nonemployee Directors Stock Plan within Jacob Communications, Inc., which could include: 1. Standard Stock Option Plan: This plan allows nonemployee directors to purchase company stock at a predetermined price, usually referred to as the exercise price. Nonemployee directors typically have a specific period within which they can exercise their stock options. 2. Restricted Stock Units (RSS): In this variation of the stock plan, nonemployee directors are granted a certain number of RSS that represent the right to receive company stock at a future date. This RSS may become vested over time or upon achieving certain performance or service-based milestones. 3. Performance-Based Stock Plan: This type of stock plan rewards nonemployee directors based on specific performance metrics, such as the company's financial targets or stock price appreciation. If the set performance goals are achieved, nonemployee directors receive company stock as an incentive. 4. Stock Appreciation Rights (SARS): SARS entitle nonemployee directors to the appreciation in the company's stock price over a specified period. They are granted the right to receive cash or additional stock equivalent to the increase in stock value during the time period. 5. Employee Stock Purchase Plan (ESPN): While primarily designed for employees, some companies may extend their ESPN to nonemployee directors. This plan allows them to purchase company stock at a discounted price, usually through payroll deductions. It is important to note that the specific features, terms, and conditions of the Connecticut Nonemployee Directors Stock Plan may vary depending on the company's policies, the discretion of the board, and any regulatory requirements imposed by the state of Connecticut.

Connecticut Nonemployee Directors Stock Plan is a compensation program offered by Jacob Communications, Inc., a renowned communications company headquartered in Connecticut, USA. This stock plan is specifically designed for nonemployee directors of the company, providing them with an opportunity to receive stock-based incentives as a part of their compensation package. Under the Connecticut Nonemployee Directors Stock Plan of Jacob Communications, Inc., nonemployee directors are granted the right to purchase company stock at specified prices, usually at a discount or a predetermined rate. This plan aims to align the interests of the nonemployee directors with those of the company's shareholders, encouraging them to contribute to the company's overall growth and success. There may be different types or variations of the Connecticut Nonemployee Directors Stock Plan within Jacob Communications, Inc., which could include: 1. Standard Stock Option Plan: This plan allows nonemployee directors to purchase company stock at a predetermined price, usually referred to as the exercise price. Nonemployee directors typically have a specific period within which they can exercise their stock options. 2. Restricted Stock Units (RSS): In this variation of the stock plan, nonemployee directors are granted a certain number of RSS that represent the right to receive company stock at a future date. This RSS may become vested over time or upon achieving certain performance or service-based milestones. 3. Performance-Based Stock Plan: This type of stock plan rewards nonemployee directors based on specific performance metrics, such as the company's financial targets or stock price appreciation. If the set performance goals are achieved, nonemployee directors receive company stock as an incentive. 4. Stock Appreciation Rights (SARS): SARS entitle nonemployee directors to the appreciation in the company's stock price over a specified period. They are granted the right to receive cash or additional stock equivalent to the increase in stock value during the time period. 5. Employee Stock Purchase Plan (ESPN): While primarily designed for employees, some companies may extend their ESPN to nonemployee directors. This plan allows them to purchase company stock at a discounted price, usually through payroll deductions. It is important to note that the specific features, terms, and conditions of the Connecticut Nonemployee Directors Stock Plan may vary depending on the company's policies, the discretion of the board, and any regulatory requirements imposed by the state of Connecticut.