Guam 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 Guam Nonemployee Directors Stock Plan is a unique compensation program offered by Jacob Communications, Inc. to nonemployee directors residing in Guam. This plan is specifically designed to reward nonemployee directors for their valuable contributions to the company's growth and success. Under this stock plan, nonemployee directors of Jacob Communications, Inc. who are based in Guam are eligible to receive stock-based compensation in the form of company shares. These shares serve as a long-term incentive and align the interests of the directors with the shareholders, fostering a sense of ownership and commitment. The Guam Nonemployee Directors Stock Plan consists of the following types or components: 1. Stock Awards: This component of the plan entails the grant of company shares to nonemployee directors as a reward for their service. The number of shares awarded is determined based on various factors such as the director's tenure, role within the company, and individual performance. 2. Stock Options: In addition to stock awards, directors may also receive stock options as part of their compensation package. Stock options provide the right to purchase company shares at a predetermined price, known as the exercise price. Directors can exercise these options after a specific vesting period, allowing them to profit from any appreciation in the stock price. 3. Restricted Stock Units (RSS): RSS are another form of compensation that may be granted to nonemployee directors. These units represent a promise to deliver company shares at a future date, subject to vesting conditions. Once the RSS vest, directors are entitled to receive the underlying shares, often subject to certain restrictions or holding periods. 4. Performance-Based Awards: This type of award is closely tied to the achievement of specified performance goals set by Jacob Communications, Inc. Nonemployee directors can earn additional stock or stock units if they meet or exceed these predetermined targets. Performance-based awards aim to motivate directors to actively contribute to the company's success and align their efforts with the corporate strategy. It is important to note that the specific terms, conditions, and provisions of the Guam Nonemployee Directors Stock Plan may vary depending on the company's policies and the agreements established with each nonemployee director.

The Guam Nonemployee Directors Stock Plan is a unique compensation program offered by Jacob Communications, Inc. to nonemployee directors residing in Guam. This plan is specifically designed to reward nonemployee directors for their valuable contributions to the company's growth and success. Under this stock plan, nonemployee directors of Jacob Communications, Inc. who are based in Guam are eligible to receive stock-based compensation in the form of company shares. These shares serve as a long-term incentive and align the interests of the directors with the shareholders, fostering a sense of ownership and commitment. The Guam Nonemployee Directors Stock Plan consists of the following types or components: 1. Stock Awards: This component of the plan entails the grant of company shares to nonemployee directors as a reward for their service. The number of shares awarded is determined based on various factors such as the director's tenure, role within the company, and individual performance. 2. Stock Options: In addition to stock awards, directors may also receive stock options as part of their compensation package. Stock options provide the right to purchase company shares at a predetermined price, known as the exercise price. Directors can exercise these options after a specific vesting period, allowing them to profit from any appreciation in the stock price. 3. Restricted Stock Units (RSS): RSS are another form of compensation that may be granted to nonemployee directors. These units represent a promise to deliver company shares at a future date, subject to vesting conditions. Once the RSS vest, directors are entitled to receive the underlying shares, often subject to certain restrictions or holding periods. 4. Performance-Based Awards: This type of award is closely tied to the achievement of specified performance goals set by Jacob Communications, Inc. Nonemployee directors can earn additional stock or stock units if they meet or exceed these predetermined targets. Performance-based awards aim to motivate directors to actively contribute to the company's success and align their efforts with the corporate strategy. It is important to note that the specific terms, conditions, and provisions of the Guam Nonemployee Directors Stock Plan may vary depending on the company's policies and the agreements established with each nonemployee director.