Guam 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 Guam Directors Stock Appreciation Rights Plan is a comprehensive compensation program offered by American Annuity Group, Inc., specifically tailored for directors in Guam. This plan provides directors with additional financial incentives based on the appreciation of the company's stock value. By utilizing relevant keywords, we aim to deliver a concise yet detailed description of this program. The Guam Directors Stock Appreciation Rights Plan is established to reward directors of American Annuity Group, Inc., serving in Guam, for their valuable contributions towards the growth and success of the company. This plan not only supports the retention of talented directors but also aligns their interests with the performance of the company's stock. Through this plan, directors are granted stock appreciation rights (SARS) that entitle them to receive the appreciation in the company's stock value over a predetermined time period. Upon exercising this SARS, directors are eligible to receive cash payments or additional stock shares equivalent to the per-share appreciation value. This compensation program offers a range of benefits to Guam directors, fostering a sense of ownership and motivating them to actively participate in achieving the company's long-term objectives. The Guam Directors Stock Appreciation Rights Plan not only incentivizes performance but also strengthens the commitment of directors towards fulfilling their fiduciary responsibilities. Different types of the Guam Directors Stock Appreciation Rights Plan may include: 1. Basic Stock Appreciation Rights Plan: This primary type of the plan grants directors SARS, which are exercised in a straightforward manner upon the appreciation of the company's stock value. 2. Performance-Based Stock Appreciation Rights Plan: This variant of the plan links stock appreciation rights to predetermined performance goals or key metrics. Directors may be eligible to exercise SARS only if they achieve specific targets, incentivizing exceptional performance and aligning their efforts with company objectives. 3. Restricted Stock Appreciation Rights Plan: Under this type of plan, directors receive SARS that are subjected to vesting requirements. The SARS can be exercised only after a certain period, typically to ensure continuity in service and align the interests of directors with the company's long-term success. In summary, the Guam Directors Stock Appreciation Rights Plan is a specialized compensation program designed for directors of American Annuity Group, Inc., based in Guam. This plan aims to reward directors' contributions, enhance their commitment, and align their interests with the company's stock performance. By offering various types of SARS, such as the basic, performance-based, and restricted plans, American Annuity Group, Inc. ensures a comprehensive and flexible approach to motivate and retain its valuable directors.

The Guam Directors Stock Appreciation Rights Plan is a comprehensive compensation program offered by American Annuity Group, Inc., specifically tailored for directors in Guam. This plan provides directors with additional financial incentives based on the appreciation of the company's stock value. By utilizing relevant keywords, we aim to deliver a concise yet detailed description of this program. The Guam Directors Stock Appreciation Rights Plan is established to reward directors of American Annuity Group, Inc., serving in Guam, for their valuable contributions towards the growth and success of the company. This plan not only supports the retention of talented directors but also aligns their interests with the performance of the company's stock. Through this plan, directors are granted stock appreciation rights (SARS) that entitle them to receive the appreciation in the company's stock value over a predetermined time period. Upon exercising this SARS, directors are eligible to receive cash payments or additional stock shares equivalent to the per-share appreciation value. This compensation program offers a range of benefits to Guam directors, fostering a sense of ownership and motivating them to actively participate in achieving the company's long-term objectives. The Guam Directors Stock Appreciation Rights Plan not only incentivizes performance but also strengthens the commitment of directors towards fulfilling their fiduciary responsibilities. Different types of the Guam Directors Stock Appreciation Rights Plan may include: 1. Basic Stock Appreciation Rights Plan: This primary type of the plan grants directors SARS, which are exercised in a straightforward manner upon the appreciation of the company's stock value. 2. Performance-Based Stock Appreciation Rights Plan: This variant of the plan links stock appreciation rights to predetermined performance goals or key metrics. Directors may be eligible to exercise SARS only if they achieve specific targets, incentivizing exceptional performance and aligning their efforts with company objectives. 3. Restricted Stock Appreciation Rights Plan: Under this type of plan, directors receive SARS that are subjected to vesting requirements. The SARS can be exercised only after a certain period, typically to ensure continuity in service and align the interests of directors with the company's long-term success. In summary, the Guam Directors Stock Appreciation Rights Plan is a specialized compensation program designed for directors of American Annuity Group, Inc., based in Guam. This plan aims to reward directors' contributions, enhance their commitment, and align their interests with the company's stock performance. By offering various types of SARS, such as the basic, performance-based, and restricted plans, American Annuity Group, Inc. ensures a comprehensive and flexible approach to motivate and retain its valuable directors.