District of Columbia 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 District of Columbia Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a comprehensive compensation plan designed to incentivize and reward nonemployee directors for their valuable contributions to the company. This plan is unique to the District of Columbia jurisdiction and specifically caters to nonemployee directors affiliated with Jacob Communications, Inc. Under this plan, nonemployee directors of Jacob Communications, Inc. are provided with an opportunity to acquire company stock as compensation for their service. By granting stock options, restricted stock units (RSS), or other equity-based awards, the plan aims to align the interests of nonemployee directors with those of the company's shareholders, fostering a sense of ownership and responsibility towards the company's long-term growth and success. The District of Columbia Nonemployee Directors Stock Plan of Jacob Communications, Inc. adheres to applicable laws, regulations, and guidelines set forth by the District of Columbia governing bodies. It ensures compliance with local regulations regarding equity compensation plans, stock option grants, and taxable income recognition for nonemployee directors. This plan encompasses various key elements, including the types of equity-based awards available, vesting schedules, exercise or payment terms, eligibility criteria, and guidelines for amendment or termination of awards. It further outlines the procedures for granting, exercising, and settling awards, as well as procedures for addressing adjustments due to changes in capital structure or corporate events. Different types of equity-based awards that may be granted under the District of Columbia Nonemployee Directors Stock Plan of Jacob Communications, Inc. include: 1. Stock Options: Nonemployee directors are granted the right to purchase a specified number of company shares at a predetermined price, within a designated exercise period. 2. Restricted Stock Units (RSS): Nonemployee directors receive a specific number of units, which convert into company shares upon vesting. Vesting may be based on the director's service tenure, achievement of predetermined goals, or a combination of both. 3. Performance Share Units (Plus): Nonemployee directors receive units based on the attainment of specified performance goals, such as meeting financial targets, increasing shareholder value, or achieving specific strategic milestones. The units convert into company shares upon vesting. 4. Stock Appreciation Rights (SARS): Nonemployee directors are granted the right to receive the increase in the value of a specified number of company shares between the date of grant and the date of exercise. The District of Columbia Nonemployee Directors Stock Plan of Jacob Communications, Inc. ensures that nonemployee directors are appropriately rewarded for their service, encourages their active participation and engagement, and aligns their interests with those of the company and its shareholders.

The District of Columbia Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a comprehensive compensation plan designed to incentivize and reward nonemployee directors for their valuable contributions to the company. This plan is unique to the District of Columbia jurisdiction and specifically caters to nonemployee directors affiliated with Jacob Communications, Inc. Under this plan, nonemployee directors of Jacob Communications, Inc. are provided with an opportunity to acquire company stock as compensation for their service. By granting stock options, restricted stock units (RSS), or other equity-based awards, the plan aims to align the interests of nonemployee directors with those of the company's shareholders, fostering a sense of ownership and responsibility towards the company's long-term growth and success. The District of Columbia Nonemployee Directors Stock Plan of Jacob Communications, Inc. adheres to applicable laws, regulations, and guidelines set forth by the District of Columbia governing bodies. It ensures compliance with local regulations regarding equity compensation plans, stock option grants, and taxable income recognition for nonemployee directors. This plan encompasses various key elements, including the types of equity-based awards available, vesting schedules, exercise or payment terms, eligibility criteria, and guidelines for amendment or termination of awards. It further outlines the procedures for granting, exercising, and settling awards, as well as procedures for addressing adjustments due to changes in capital structure or corporate events. Different types of equity-based awards that may be granted under the District of Columbia Nonemployee Directors Stock Plan of Jacob Communications, Inc. include: 1. Stock Options: Nonemployee directors are granted the right to purchase a specified number of company shares at a predetermined price, within a designated exercise period. 2. Restricted Stock Units (RSS): Nonemployee directors receive a specific number of units, which convert into company shares upon vesting. Vesting may be based on the director's service tenure, achievement of predetermined goals, or a combination of both. 3. Performance Share Units (Plus): Nonemployee directors receive units based on the attainment of specified performance goals, such as meeting financial targets, increasing shareholder value, or achieving specific strategic milestones. The units convert into company shares upon vesting. 4. Stock Appreciation Rights (SARS): Nonemployee directors are granted the right to receive the increase in the value of a specified number of company shares between the date of grant and the date of exercise. The District of Columbia Nonemployee Directors Stock Plan of Jacob Communications, Inc. ensures that nonemployee directors are appropriately rewarded for their service, encourages their active participation and engagement, and aligns their interests with those of the company and its shareholders.