Maryland 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 Maryland Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a compensation program specifically designed for nonemployee directors serving on the board of directors of the company. This stock plan offers an attractive incentive to nonemployee directors by granting them stock awards or stock options based on their performance and contributions to the company's success. Keywords: Maryland Nonemployee Directors Stock Plan, Jacob Communications, Inc., compensation program, nonemployee directors, board of directors, stock awards, stock options, performance, contributions. There are two main types of stock awards or stock options that can be granted under the Maryland Nonemployee Directors Stock Plan of Jacob Communications, Inc.: 1. Stock Awards: Nonemployee directors can receive stock awards as a form of compensation. These awards grant them a certain number of company shares that vest over a specific period of time or upon meeting certain performance targets. Once the shares have vested, nonemployee directors have the option to sell or hold the stocks, depending on their individual preference and investment strategies. 2. Stock Options: Another type of incentive offered under the Maryland Nonemployee Directors Stock Plan is stock options. These options grant nonemployee directors the right to purchase company shares at a predetermined exercise price within a specified timeframe. Nonemployee directors can exercise their options once they have vested, usually after a certain period of service or meeting certain performance goals. The ability to purchase shares at a predetermined price allows nonemployee directors to potentially benefit from the stock's future price appreciation. Overall, the Maryland Nonemployee Directors Stock Plan of Jacob Communications, Inc. is an important component of the company's compensation strategy for nonemployee directors. It provides a valuable incentive for these individuals to actively contribute their expertise and insight to the company's growth and success while also aligning their interests with the long-term interests of shareholders. Keywords: compensation strategy, nonemployee directors, board of directors, stock awards, stock options, vesting, performance targets, exercise price, timeframe, service, performance goals, shareholder interests, incentive.

The Maryland Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a compensation program specifically designed for nonemployee directors serving on the board of directors of the company. This stock plan offers an attractive incentive to nonemployee directors by granting them stock awards or stock options based on their performance and contributions to the company's success. Keywords: Maryland Nonemployee Directors Stock Plan, Jacob Communications, Inc., compensation program, nonemployee directors, board of directors, stock awards, stock options, performance, contributions. There are two main types of stock awards or stock options that can be granted under the Maryland Nonemployee Directors Stock Plan of Jacob Communications, Inc.: 1. Stock Awards: Nonemployee directors can receive stock awards as a form of compensation. These awards grant them a certain number of company shares that vest over a specific period of time or upon meeting certain performance targets. Once the shares have vested, nonemployee directors have the option to sell or hold the stocks, depending on their individual preference and investment strategies. 2. Stock Options: Another type of incentive offered under the Maryland Nonemployee Directors Stock Plan is stock options. These options grant nonemployee directors the right to purchase company shares at a predetermined exercise price within a specified timeframe. Nonemployee directors can exercise their options once they have vested, usually after a certain period of service or meeting certain performance goals. The ability to purchase shares at a predetermined price allows nonemployee directors to potentially benefit from the stock's future price appreciation. Overall, the Maryland Nonemployee Directors Stock Plan of Jacob Communications, Inc. is an important component of the company's compensation strategy for nonemployee directors. It provides a valuable incentive for these individuals to actively contribute their expertise and insight to the company's growth and success while also aligning their interests with the long-term interests of shareholders. Keywords: compensation strategy, nonemployee directors, board of directors, stock awards, stock options, vesting, performance targets, exercise price, timeframe, service, performance goals, shareholder interests, incentive.