Georgia 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 Georgia Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a compensation program designed specifically for directors serving on the board of American Annuity Group, Inc., a prominent financial institution operating in Georgia. This plan aims to reward directors for their contributions and align their interests with the long-term success of the company. By offering stock appreciation rights (SARS), directors have the opportunity to benefit from the growth of American Annuity Group's stock price without actually purchasing company shares. Under this plan, directors are granted SARS, which are units that entitle them to receive the appreciation in the value of American Annuity Group's stock over a predetermined period. This SARS is usually granted at a predetermined price, referred to as the base price or grant price, which is the fair market value of the company's stock at the date of grant. The directors have the right to exercise this SARS after a specified vesting period, usually subject to performance goals or time-based criteria. The Georgia Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. may have different variations or types based on the specific terms and conditions established by the company's board. These variations could include: 1. Performance-based SARS: Directors may receive SARS based on predetermined performance targets that need to be achieved for the SARS to vest and become exercisable. These performance targets might be related to financial metrics, operational goals, or other performance indicators determined by the board. 2. Time-based SARS: Directors may receive SARS that vest and become exercisable after a certain period of time, regardless of the company's performance. This type of SAR allows directors to potentially benefit from the general growth in the company's stock price over time. 3. Equity-based SARS: Directors might receive SARS as part of their overall equity compensation package. This SARS may be granted alongside stock options, restricted stock units, or other forms of equity-based incentives. This provides directors with a diversified portfolio of equity-based compensation. Overall, the Georgia Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. offers directors an opportunity to share in the company's success by receiving SARS that can appreciate in value over time. By using relevant keywords such as stock appreciation rights, directors, American Annuity Group, compensation program, Georgia, performance-based SARS, time-based SARS, and equity-based SARS, this detailed description provides insights into the purpose and different types of the plan.

The Georgia Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a compensation program designed specifically for directors serving on the board of American Annuity Group, Inc., a prominent financial institution operating in Georgia. This plan aims to reward directors for their contributions and align their interests with the long-term success of the company. By offering stock appreciation rights (SARS), directors have the opportunity to benefit from the growth of American Annuity Group's stock price without actually purchasing company shares. Under this plan, directors are granted SARS, which are units that entitle them to receive the appreciation in the value of American Annuity Group's stock over a predetermined period. This SARS is usually granted at a predetermined price, referred to as the base price or grant price, which is the fair market value of the company's stock at the date of grant. The directors have the right to exercise this SARS after a specified vesting period, usually subject to performance goals or time-based criteria. The Georgia Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. may have different variations or types based on the specific terms and conditions established by the company's board. These variations could include: 1. Performance-based SARS: Directors may receive SARS based on predetermined performance targets that need to be achieved for the SARS to vest and become exercisable. These performance targets might be related to financial metrics, operational goals, or other performance indicators determined by the board. 2. Time-based SARS: Directors may receive SARS that vest and become exercisable after a certain period of time, regardless of the company's performance. This type of SAR allows directors to potentially benefit from the general growth in the company's stock price over time. 3. Equity-based SARS: Directors might receive SARS as part of their overall equity compensation package. This SARS may be granted alongside stock options, restricted stock units, or other forms of equity-based incentives. This provides directors with a diversified portfolio of equity-based compensation. Overall, the Georgia Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. offers directors an opportunity to share in the company's success by receiving SARS that can appreciate in value over time. By using relevant keywords such as stock appreciation rights, directors, American Annuity Group, compensation program, Georgia, performance-based SARS, time-based SARS, and equity-based SARS, this detailed description provides insights into the purpose and different types of the plan.