District of Columbia Directors Stock Appreciation Rights Plan of American Annuity Group, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-402C
• Format: Word; Rich Text

Description

18-402C 18-402C . . . Directors Stock Appreciation Rights Plan which provides for automatic grants of 10,000 SARs to each Non-employee director on effective date of Plan and 1,000 additional SARs on each March 1st thereafter. Newly elected Non-employee Directors will be granted 10,000 SARs on date of their election The District of Columbia Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a comprehensive program designed to incentivize and reward the company's directors for their contribution to its growth and success. This plan allows directors to receive stock appreciation rights (SARS) as a form of compensation, based on the increase in the company's stock price over a specific period. Under this plan, directors are granted SARS, which provide them with the opportunity to profit from the appreciation in the company's stock value without actually owning the shares. Instead of receiving actual shares, directors holding SARS become eligible to receive a cash payment equal to the difference between the fair market value of the stock at the time of exercising the rights and the grant price. This allows directors to benefit from the company's financial performance without the risks associated with holding stock. The District of Columbia Directors Stock Appreciation Rights Plan provides various types of SARS to accommodate different director roles or tenure within the company. These plans may include: 1. Regular Directors Stock Appreciation Rights Plan: This is the standard plan offered to all eligible directors of American Annuity Group, Inc. It provides a fair and equitable opportunity for directors to participate in the company's success and aligns their incentives with the long-term growth of the business. 2. Executive Directors Stock Appreciation Rights Plan: This plan may be specifically designed for executive directors who hold significant leadership roles within the company. It may provide enhanced benefits or additional performance-based criteria to reflect their higher level of responsibility. 3. Performance-based Directors Stock Appreciation Rights Plan: This plan may be tailored for directors who play a crucial role in achieving specific performance targets or milestones. It may offer SARS that are tied directly to the company's financial performance goals, encouraging directors to actively contribute to the success of the organization. The District of Columbia Directors Stock Appreciation Rights Plan is subject to various terms and conditions, including vesting periods and exercise limitations. These provisions ensure that directors remain committed to the long-term growth of the company and actively contribute to its continued success. In summary, the District of Columbia Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a comprehensive program that provides directors with stock appreciation rights as a form of compensation. It aims to align their incentives with the company's performance and reward them for their contribution to its growth. Various types of plans may exist within this program, accommodating different director roles or objectives.

The District of Columbia Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a comprehensive program designed to incentivize and reward the company's directors for their contribution to its growth and success. This plan allows directors to receive stock appreciation rights (SARS) as a form of compensation, based on the increase in the company's stock price over a specific period. Under this plan, directors are granted SARS, which provide them with the opportunity to profit from the appreciation in the company's stock value without actually owning the shares. Instead of receiving actual shares, directors holding SARS become eligible to receive a cash payment equal to the difference between the fair market value of the stock at the time of exercising the rights and the grant price. This allows directors to benefit from the company's financial performance without the risks associated with holding stock. The District of Columbia Directors Stock Appreciation Rights Plan provides various types of SARS to accommodate different director roles or tenure within the company. These plans may include: 1. Regular Directors Stock Appreciation Rights Plan: This is the standard plan offered to all eligible directors of American Annuity Group, Inc. It provides a fair and equitable opportunity for directors to participate in the company's success and aligns their incentives with the long-term growth of the business. 2. Executive Directors Stock Appreciation Rights Plan: This plan may be specifically designed for executive directors who hold significant leadership roles within the company. It may provide enhanced benefits or additional performance-based criteria to reflect their higher level of responsibility. 3. Performance-based Directors Stock Appreciation Rights Plan: This plan may be tailored for directors who play a crucial role in achieving specific performance targets or milestones. It may offer SARS that are tied directly to the company's financial performance goals, encouraging directors to actively contribute to the success of the organization. The District of Columbia Directors Stock Appreciation Rights Plan is subject to various terms and conditions, including vesting periods and exercise limitations. These provisions ensure that directors remain committed to the long-term growth of the company and actively contribute to its continued success. In summary, the District of Columbia Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a comprehensive program that provides directors with stock appreciation rights as a form of compensation. It aims to align their incentives with the company's performance and reward them for their contribution to its growth. Various types of plans may exist within this program, accommodating different director roles or objectives.