Michigan 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 Michigan Nonemployee Directors Stock Plan is a comprehensive program established by Jacob Communications, Inc. to reward its nonemployee directors with stock-based compensation. This plan is specifically designed for directors who are not employees of the company but contribute their expertise and experience to the board. Under this program, nonemployee directors of Jacob Communications, Inc. are granted stock options or restricted stock units (RSS) as a means to align their interests with those of the company's shareholders. These stock options or RSS provide the directors with an opportunity to acquire ownership in the company, thereby establishing a strong sense of ownership and commitment. The Michigan Nonemployee Directors Stock Plan offers various types of stock-based incentives to the directors. These incentives may include both nonqualified stock options and performance-based RSS. Nonqualified stock options grant the directors the right to purchase shares at a specified price, typically the fair market value at the time of grant. On the other hand, performance-based RSS are awarded based on predetermined performance goals, such as the achievement of specific financial targets or the company's overall growth. Jacob Communications, Inc. recognizes the significant contributions of its nonemployee directors and believes that their participation in the company's long-term success is vital. Therefore, the Michigan Nonemployee Directors Stock Plan aims to attract and retain top-caliber directors by providing them with a compelling stock ownership opportunity. By offering this equity-based compensation, Jacob Communications, Inc. aims to reinforce the alignment of interests between nonemployee directors and the company's shareholders. It is important to note that the specific details and provisions of the Michigan Nonemployee Directors Stock Plan may vary depending on the individual circumstances and the company's evolving needs. Therefore, the precise features, eligibility criteria, and vesting schedules within the plan should be examined based on the official documentation provided by Jacob Communications, Inc. In summary, the Michigan Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a comprehensive stock-based compensation program designed to reward nonemployee directors for their contributions. By offering stock options and RSS, this plan ensures that the directors have a vested interest in the company's success and promotes their long-term commitment to Jacob Communications, Inc.'s growth and shareholder value.

The Michigan Nonemployee Directors Stock Plan is a comprehensive program established by Jacob Communications, Inc. to reward its nonemployee directors with stock-based compensation. This plan is specifically designed for directors who are not employees of the company but contribute their expertise and experience to the board. Under this program, nonemployee directors of Jacob Communications, Inc. are granted stock options or restricted stock units (RSS) as a means to align their interests with those of the company's shareholders. These stock options or RSS provide the directors with an opportunity to acquire ownership in the company, thereby establishing a strong sense of ownership and commitment. The Michigan Nonemployee Directors Stock Plan offers various types of stock-based incentives to the directors. These incentives may include both nonqualified stock options and performance-based RSS. Nonqualified stock options grant the directors the right to purchase shares at a specified price, typically the fair market value at the time of grant. On the other hand, performance-based RSS are awarded based on predetermined performance goals, such as the achievement of specific financial targets or the company's overall growth. Jacob Communications, Inc. recognizes the significant contributions of its nonemployee directors and believes that their participation in the company's long-term success is vital. Therefore, the Michigan Nonemployee Directors Stock Plan aims to attract and retain top-caliber directors by providing them with a compelling stock ownership opportunity. By offering this equity-based compensation, Jacob Communications, Inc. aims to reinforce the alignment of interests between nonemployee directors and the company's shareholders. It is important to note that the specific details and provisions of the Michigan Nonemployee Directors Stock Plan may vary depending on the individual circumstances and the company's evolving needs. Therefore, the precise features, eligibility criteria, and vesting schedules within the plan should be examined based on the official documentation provided by Jacob Communications, Inc. In summary, the Michigan Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a comprehensive stock-based compensation program designed to reward nonemployee directors for their contributions. By offering stock options and RSS, this plan ensures that the directors have a vested interest in the company's success and promotes their long-term commitment to Jacob Communications, Inc.'s growth and shareholder value.