Louisiana 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 Louisiana Nonemployee Directors Stock Plan is a compensation program offered by Jacob Communications, Inc., a well-established company based in Louisiana. This plan specifically caters to nonemployee directors who play a crucial role in the company's decision-making process, contributing their expertise and guidance to help shape the organization's future. The plan aims to reward these directors for their valuable insights and commitments by offering them an opportunity to acquire company stock. By participating in the Louisiana Nonemployee Directors Stock Plan, directors can have a personal stake in the company's success, aligning their interests with those of the shareholders while fostering a sense of ownership and accountability. This program acts as an incentive for directors to maximize shareholder value and make decisions that are in the long-term best interest of the company. The Louisiana Nonemployee Directors Stock Plan offers several types of stock-based awards to directors based on their contribution and tenure with the company. These forms of compensation may vary depending on the specific provisions outlined in the plan. Some potential types of awards under this plan may include: 1. Restricted Stock Units (RSS): Nonemployee directors may receive RSS, which represent an entitlement to receive shares of the company's stock at a future date. The vesting of RSS can be tied to the director's continued service or the achievement of specific performance goals. 2. Stock Options: Another potential award under this plan is stock options, which provide the right to purchase company stock at a predetermined price, known as the exercise price, within a specified period. Directors can exercise these options once they have vested, allowing them to profit from any potential increase in the company's stock price. 3. Performance-Based Stock Awards: To further incentivize directors and link their compensation to the company's performance, the plan may include performance-based stock awards. These awards typically require directors to meet specific performance criteria, such as achieving certain financial targets or strategic milestones, to receive the shares of stock. 4. Dividend Equivalent Rights: Nonemployee directors participating in the plan may also be granted dividend equivalent rights, which entitle them to receive cash or additional stock equivalent to the dividends declared on the company's shares. It is essential to note that the specific provisions, eligibility criteria, vesting schedules, and other details of the Louisiana Nonemployee Directors Stock Plan of Jacob Communications, Inc. may be outlined in the plan's relevant documents and agreements. Thus, interested parties should consult those materials to gain comprehensive knowledge about the plan and its potential benefits.

The Louisiana Nonemployee Directors Stock Plan is a compensation program offered by Jacob Communications, Inc., a well-established company based in Louisiana. This plan specifically caters to nonemployee directors who play a crucial role in the company's decision-making process, contributing their expertise and guidance to help shape the organization's future. The plan aims to reward these directors for their valuable insights and commitments by offering them an opportunity to acquire company stock. By participating in the Louisiana Nonemployee Directors Stock Plan, directors can have a personal stake in the company's success, aligning their interests with those of the shareholders while fostering a sense of ownership and accountability. This program acts as an incentive for directors to maximize shareholder value and make decisions that are in the long-term best interest of the company. The Louisiana Nonemployee Directors Stock Plan offers several types of stock-based awards to directors based on their contribution and tenure with the company. These forms of compensation may vary depending on the specific provisions outlined in the plan. Some potential types of awards under this plan may include: 1. Restricted Stock Units (RSS): Nonemployee directors may receive RSS, which represent an entitlement to receive shares of the company's stock at a future date. The vesting of RSS can be tied to the director's continued service or the achievement of specific performance goals. 2. Stock Options: Another potential award under this plan is stock options, which provide the right to purchase company stock at a predetermined price, known as the exercise price, within a specified period. Directors can exercise these options once they have vested, allowing them to profit from any potential increase in the company's stock price. 3. Performance-Based Stock Awards: To further incentivize directors and link their compensation to the company's performance, the plan may include performance-based stock awards. These awards typically require directors to meet specific performance criteria, such as achieving certain financial targets or strategic milestones, to receive the shares of stock. 4. Dividend Equivalent Rights: Nonemployee directors participating in the plan may also be granted dividend equivalent rights, which entitle them to receive cash or additional stock equivalent to the dividends declared on the company's shares. It is essential to note that the specific provisions, eligibility criteria, vesting schedules, and other details of the Louisiana Nonemployee Directors Stock Plan of Jacob Communications, Inc. may be outlined in the plan's relevant documents and agreements. Thus, interested parties should consult those materials to gain comprehensive knowledge about the plan and its potential benefits.