Iowa 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 Iowa Directors Stock Appreciation Rights Plan is a compensation program offered by American Annuity Group, Inc. to its directors based in Iowa. This plan is designed to incentivize and reward the directors for their contributions to the company's growth and financial success. Here is a detailed description of the Iowa Directors Stock Appreciation Rights Plan, including its key features and benefits: The Iowa Directors Stock Appreciation Rights Plan allows eligible directors of American Annuity Group, Inc. who are residing in Iowa to receive additional compensation in the form of stock appreciation rights (SARS). SARS is a type of equity-based compensation that provides the directors with the opportunity to benefit from the company's stock price appreciation over a specific period of time. Under this plan, eligible directors are granted a certain number of SARS, which represent the right to receive a cash payment or shares of the company's stock equivalent to the increase in stock price over a predetermined base price. The base price is typically the fair market value of the stock on the grant date. The value of the SARS granted to the directors is determined based on various factors, including the director's service tenure, position, and overall contribution to the company's success. The Iowa Directors Stock Appreciation Rights Plan offers several advantages to both the directors and American Annuity Group, Inc. Firstly, it aligns the interests of the directors with those of the company's shareholders, as the directors have a vested interest in the company's stock price appreciation. This encourages the directors to make decisions and take actions that enhance the company's long-term value. Secondly, the plan provides a competitive compensation package for the directors, helping attract and retain top talent in the boardroom. By offering SARS, the company ensures that directors are rewarded for their continued commitment and dedication to the company's success. This form of compensation also helps incentivize directors to make strategic decisions that lead to improved financial performance and shareholder value. It is worth noting that there may be variations or different types of Iowa Directors Stock Appreciation Rights Plans offered by American Annuity Group, Inc., depending on factors such as the director's position, tenure, and specific performance targets. These variations may include performance-based SARS, restricted stock units, or other forms of equity-based compensation that align with the company's objectives and desired outcomes. In summary, the Iowa Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a compensation program that provides eligible directors with stock appreciation rights as a reward for their contributions to the company's success. This plan aligns the interests of directors with the company's shareholders and helps attract and retain top boardroom talent. The specific details and variations of the plan may vary depending on individual circumstances and performance targets.

The Iowa Directors Stock Appreciation Rights Plan is a compensation program offered by American Annuity Group, Inc. to its directors based in Iowa. This plan is designed to incentivize and reward the directors for their contributions to the company's growth and financial success. Here is a detailed description of the Iowa Directors Stock Appreciation Rights Plan, including its key features and benefits: The Iowa Directors Stock Appreciation Rights Plan allows eligible directors of American Annuity Group, Inc. who are residing in Iowa to receive additional compensation in the form of stock appreciation rights (SARS). SARS is a type of equity-based compensation that provides the directors with the opportunity to benefit from the company's stock price appreciation over a specific period of time. Under this plan, eligible directors are granted a certain number of SARS, which represent the right to receive a cash payment or shares of the company's stock equivalent to the increase in stock price over a predetermined base price. The base price is typically the fair market value of the stock on the grant date. The value of the SARS granted to the directors is determined based on various factors, including the director's service tenure, position, and overall contribution to the company's success. The Iowa Directors Stock Appreciation Rights Plan offers several advantages to both the directors and American Annuity Group, Inc. Firstly, it aligns the interests of the directors with those of the company's shareholders, as the directors have a vested interest in the company's stock price appreciation. This encourages the directors to make decisions and take actions that enhance the company's long-term value. Secondly, the plan provides a competitive compensation package for the directors, helping attract and retain top talent in the boardroom. By offering SARS, the company ensures that directors are rewarded for their continued commitment and dedication to the company's success. This form of compensation also helps incentivize directors to make strategic decisions that lead to improved financial performance and shareholder value. It is worth noting that there may be variations or different types of Iowa Directors Stock Appreciation Rights Plans offered by American Annuity Group, Inc., depending on factors such as the director's position, tenure, and specific performance targets. These variations may include performance-based SARS, restricted stock units, or other forms of equity-based compensation that align with the company's objectives and desired outcomes. In summary, the Iowa Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a compensation program that provides eligible directors with stock appreciation rights as a reward for their contributions to the company's success. This plan aligns the interests of directors with the company's shareholders and helps attract and retain top boardroom talent. The specific details and variations of the plan may vary depending on individual circumstances and performance targets.