Delaware 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 Delaware Directors Stock Appreciation Rights Plan: A comprehensive overview of American Annuity Group, Inc.'s innovative initiative American Annuity Group, Inc. has introduced the Delaware Directors Stock Appreciation Rights Plan, a groundbreaking incentive program aimed at providing stock appreciation rights (SARS) to the directors of the company. This unique plan offers various benefits and opportunities to participating directors, fostering a sense of ownership and aligning their interests with the company's growth. Key features of the Delaware Directors Stock Appreciation Rights Plan: 1. Stock Appreciation Rights (SARS): The plan grants directors the right to receive a certain value, equivalent to the increase in the company's stock price during a specified period. This approach cultivates a direct link between the directors' contributions and the company's financial performance. 2. Delaware Jurisdiction: American Annuity Group, Inc. has opted to establish this plan under Delaware jurisdiction, leveraging the state's robust legal framework and favorable business environment. The incorporation of Delaware laws ensures the plan's adherence to established regulations, providing additional security for participating directors. 3. Customizable Plans: The Delaware Directors Stock Appreciation Rights Plan is designed to accommodate variations in compensation and performance-based incentives. American Annuity Group, Inc. offers the flexibility to tailor the plan according to the specific needs and preferences of its directors, thus ensuring an equitable and personalized approach. 4. Vesting and Exercise Periods: The plan entails both vesting and exercise periods, typically predetermined by the company. Vesting periods signify the duration during which directors must wait before exercising their SARS, whereas exercise periods define the timeframe within which directors can claim their appreciation rights. 5. Performance Metrics: To incentivize optimal performance and align directors' interests with the organization's goals, the plan incorporates performance metrics. These metrics can vary and might be based on financial indicators, market share growth, customer satisfaction ratings, or other key performance indicators (KPIs), ensuring a focus on enhancing overall organizational performance. 6. Tax Considerations: The Delaware Directors Stock Appreciation Rights Plan takes into account the tax implications for both the company and participating directors. American Annuity Group, Inc. ensures compliance with relevant tax laws, aiming to provide advantageous tax treatment for the directors while maintaining tax efficiency for the organization. Different types of Delaware Directors Stock Appreciation Rights Plans offered by American Annuity Group, Inc.: 1. Standard Directors SAR Plan: The primary offering under the Delaware Directors Stock Appreciation Rights Plan, it encompasses the aforementioned features, providing directors with stock appreciation rights based on specified performance metrics. 2. Performance-based Directors SAR Plan: This variation of the plan focuses primarily on performance-based metrics and may offer higher potential value for directors who excel in achieving ambitious goals outlined by the company. This type of plan encourages outstanding performance and rewards directors accordingly. In conclusion, the Delaware Directors Stock Appreciation Rights Plan by American Annuity Group, Inc. stands as an innovative and flexible compensation program aimed at aligning the interests of directors with the organization's growth. This plan offers directors the opportunity to be recognized for their contributions by granting them stock appreciation rights based on predetermined performance metrics. Through the incorporation of Delaware jurisdiction and customizable features, the company underscores its commitment to ensuring fairness, compliance, and a tailored approach for participating directors.

Delaware Directors Stock Appreciation Rights Plan: A comprehensive overview of American Annuity Group, Inc.'s innovative initiative American Annuity Group, Inc. has introduced the Delaware Directors Stock Appreciation Rights Plan, a groundbreaking incentive program aimed at providing stock appreciation rights (SARS) to the directors of the company. This unique plan offers various benefits and opportunities to participating directors, fostering a sense of ownership and aligning their interests with the company's growth. Key features of the Delaware Directors Stock Appreciation Rights Plan: 1. Stock Appreciation Rights (SARS): The plan grants directors the right to receive a certain value, equivalent to the increase in the company's stock price during a specified period. This approach cultivates a direct link between the directors' contributions and the company's financial performance. 2. Delaware Jurisdiction: American Annuity Group, Inc. has opted to establish this plan under Delaware jurisdiction, leveraging the state's robust legal framework and favorable business environment. The incorporation of Delaware laws ensures the plan's adherence to established regulations, providing additional security for participating directors. 3. Customizable Plans: The Delaware Directors Stock Appreciation Rights Plan is designed to accommodate variations in compensation and performance-based incentives. American Annuity Group, Inc. offers the flexibility to tailor the plan according to the specific needs and preferences of its directors, thus ensuring an equitable and personalized approach. 4. Vesting and Exercise Periods: The plan entails both vesting and exercise periods, typically predetermined by the company. Vesting periods signify the duration during which directors must wait before exercising their SARS, whereas exercise periods define the timeframe within which directors can claim their appreciation rights. 5. Performance Metrics: To incentivize optimal performance and align directors' interests with the organization's goals, the plan incorporates performance metrics. These metrics can vary and might be based on financial indicators, market share growth, customer satisfaction ratings, or other key performance indicators (KPIs), ensuring a focus on enhancing overall organizational performance. 6. Tax Considerations: The Delaware Directors Stock Appreciation Rights Plan takes into account the tax implications for both the company and participating directors. American Annuity Group, Inc. ensures compliance with relevant tax laws, aiming to provide advantageous tax treatment for the directors while maintaining tax efficiency for the organization. Different types of Delaware Directors Stock Appreciation Rights Plans offered by American Annuity Group, Inc.: 1. Standard Directors SAR Plan: The primary offering under the Delaware Directors Stock Appreciation Rights Plan, it encompasses the aforementioned features, providing directors with stock appreciation rights based on specified performance metrics. 2. Performance-based Directors SAR Plan: This variation of the plan focuses primarily on performance-based metrics and may offer higher potential value for directors who excel in achieving ambitious goals outlined by the company. This type of plan encourages outstanding performance and rewards directors accordingly. In conclusion, the Delaware Directors Stock Appreciation Rights Plan by American Annuity Group, Inc. stands as an innovative and flexible compensation program aimed at aligning the interests of directors with the organization's growth. This plan offers directors the opportunity to be recognized for their contributions by granting them stock appreciation rights based on predetermined performance metrics. Through the incorporation of Delaware jurisdiction and customizable features, the company underscores its commitment to ensuring fairness, compliance, and a tailored approach for participating directors.