Maine 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 Maine Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a comprehensive compensation program designed specifically for directors serving on the board of the company in the state of Maine. This plan provides a method for directors to receive financial benefits through the appreciation of the company's stock. One notable feature of the Maine Directors Stock Appreciation Rights Plan is the use of stock appreciation rights (SARS). SARS is a form of equity compensation that provides directors with the right to receive the appreciation in the company's stock value over a specific period. These rights are granted to directors based on their performance, contributions, and overall governance of the company. Under this plan, directors are granted SARS at a predetermined exercise price, typically equal to the fair market value of the stock at the time of grant. The value of the SARS increases as the stock price of the company rises above the exercise price. At a later date, directors can exercise these rights and receive the difference between the exercise price and the current market price in cash, stock, or a combination of both. The Maine Directors Stock Appreciation Rights Plan aims to align the interests of directors with those of the shareholders, as it incentivizes directors to make decisions and take actions that enhance the overall value of the company's stock. This leads to a direct correlation between the directors' performance and the company's success. It's important to note that while the Maine Directors Stock Appreciation Rights Plan is specific to directors in the state of Maine, American Annuity Group, Inc. may have different variations of the plan tailored for directors in other locations or for different levels of management within the company. Different plans or variations may exist to accommodate the specific needs and circumstances of different groups of directors within American Annuity Group, Inc. In conclusion, the Maine Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a compensation program that allows directors in Maine to receive financial benefits based on the appreciation of the company's stock. By aligning the interests of directors with shareholders, this plan incentivizes directors to make decisions that contribute to the growth and success of the company.

The Maine Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a comprehensive compensation program designed specifically for directors serving on the board of the company in the state of Maine. This plan provides a method for directors to receive financial benefits through the appreciation of the company's stock. One notable feature of the Maine Directors Stock Appreciation Rights Plan is the use of stock appreciation rights (SARS). SARS is a form of equity compensation that provides directors with the right to receive the appreciation in the company's stock value over a specific period. These rights are granted to directors based on their performance, contributions, and overall governance of the company. Under this plan, directors are granted SARS at a predetermined exercise price, typically equal to the fair market value of the stock at the time of grant. The value of the SARS increases as the stock price of the company rises above the exercise price. At a later date, directors can exercise these rights and receive the difference between the exercise price and the current market price in cash, stock, or a combination of both. The Maine Directors Stock Appreciation Rights Plan aims to align the interests of directors with those of the shareholders, as it incentivizes directors to make decisions and take actions that enhance the overall value of the company's stock. This leads to a direct correlation between the directors' performance and the company's success. It's important to note that while the Maine Directors Stock Appreciation Rights Plan is specific to directors in the state of Maine, American Annuity Group, Inc. may have different variations of the plan tailored for directors in other locations or for different levels of management within the company. Different plans or variations may exist to accommodate the specific needs and circumstances of different groups of directors within American Annuity Group, Inc. In conclusion, the Maine Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a compensation program that allows directors in Maine to receive financial benefits based on the appreciation of the company's stock. By aligning the interests of directors with shareholders, this plan incentivizes directors to make decisions that contribute to the growth and success of the company.