Louisiana 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 Louisiana Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a comprehensive compensation program designed specifically for the directors of the company. This plan provides a unique opportunity for directors to enhance their financial well-being and align their interests with the success of American Annuity Group, Inc. The stock appreciation rights (SARS) aspect of this plan allows directors to benefit from the appreciation of the company's stock over a specified period. It grants them the right to receive a cash payment equal to the value of the increase in the stock price from the date of grant to the date of exercise. This encourages directors to make decisions that contribute to long-term growth and profitability, thereby positively impacting shareholder value. The key objective of the Louisiana Directors Stock Appreciation Rights Plan is to motivate and retain talented directors by offering them a competitive compensation package. By granting SARS, American Annuity Group, Inc. ensures that directors have a vested interest in the overall performance and success of the company. This incentivizes them to actively contribute their expertise, experience, and strategic insights to drive the organization forward. There may be various types or variations of the Louisiana Directors Stock Appreciation Rights Plan, each tailored to meet specific organizational goals or regulatory requirements. Some potential variations may include: 1. Performance-Based SARS: This type of plan rewards directors based on the achievement of predetermined performance targets. These targets may be financial, operational, or strategic in nature, and directors are eligible to exercise their SARS only if these goals are met. 2. Time-Vested SARS: This variation grants directors the right to exercise their SARS after a specified period of continuous service. By adhering to a time-based vesting schedule, the plan aims to promote director loyalty and long-term commitment. 3. Change of Control SARS: In the event of a change in control of American Annuity Group, Inc., this type of SAR plan triggers additional benefits for directors. It ensures that directors are rewarded for their contributions even during times of significant company transformation, fostering stability and confidence. 4. Non-Qualified SARS: This type of SAR plan offers flexibility in terms of eligibility and tax treatment. Non-qualified SARS provide directors with benefits that may not qualify for preferential tax treatment under specific regulations, allowing for greater customization based on individual circumstances. Overall, the Louisiana Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. presents a robust and flexible compensation framework that empowers directors to play a pivotal role in the company's success while enhancing their personal financial prospects.

The Louisiana Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a comprehensive compensation program designed specifically for the directors of the company. This plan provides a unique opportunity for directors to enhance their financial well-being and align their interests with the success of American Annuity Group, Inc. The stock appreciation rights (SARS) aspect of this plan allows directors to benefit from the appreciation of the company's stock over a specified period. It grants them the right to receive a cash payment equal to the value of the increase in the stock price from the date of grant to the date of exercise. This encourages directors to make decisions that contribute to long-term growth and profitability, thereby positively impacting shareholder value. The key objective of the Louisiana Directors Stock Appreciation Rights Plan is to motivate and retain talented directors by offering them a competitive compensation package. By granting SARS, American Annuity Group, Inc. ensures that directors have a vested interest in the overall performance and success of the company. This incentivizes them to actively contribute their expertise, experience, and strategic insights to drive the organization forward. There may be various types or variations of the Louisiana Directors Stock Appreciation Rights Plan, each tailored to meet specific organizational goals or regulatory requirements. Some potential variations may include: 1. Performance-Based SARS: This type of plan rewards directors based on the achievement of predetermined performance targets. These targets may be financial, operational, or strategic in nature, and directors are eligible to exercise their SARS only if these goals are met. 2. Time-Vested SARS: This variation grants directors the right to exercise their SARS after a specified period of continuous service. By adhering to a time-based vesting schedule, the plan aims to promote director loyalty and long-term commitment. 3. Change of Control SARS: In the event of a change in control of American Annuity Group, Inc., this type of SAR plan triggers additional benefits for directors. It ensures that directors are rewarded for their contributions even during times of significant company transformation, fostering stability and confidence. 4. Non-Qualified SARS: This type of SAR plan offers flexibility in terms of eligibility and tax treatment. Non-qualified SARS provide directors with benefits that may not qualify for preferential tax treatment under specific regulations, allowing for greater customization based on individual circumstances. Overall, the Louisiana Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. presents a robust and flexible compensation framework that empowers directors to play a pivotal role in the company's success while enhancing their personal financial prospects.