Michigan 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 Michigan Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a compensation program designed for directors of the company that aims to align their interests with shareholders and promote long-term success. This plan provides directors with stock appreciation rights (SARS) as a form of incentive. Under this plan, directors are granted the right to receive a cash payment equal to the appreciation in the value of a specific number of shares of the company's stock over a predetermined period. SARS give directors the opportunity to benefit from the rise in the company's stock price without owning the underlying shares directly. One type of Michigan Directors Stock Appreciation Rights Plan offered by American Annuity Group, Inc. may be the Performance-based SARS. This SARS is contingent upon the achievement of specific performance objectives, such as the company's financial targets, stock price improvement, or other predetermined benchmarks. This type of plan encourages directors to actively contribute to the company's growth and profitability. Another type of Michigan Directors Stock Appreciation Rights Plan could be the Time-based SARS, where directors become eligible to exercise their SARS after a specific period of time, often referred to as a vesting period. This type of plan aims to incentivize directors to stay with the company for the long term, aligning their interests with the company's performance over time. The Michigan Directors Stock Appreciation Rights Plan enhances directors' accountability and fosters a sense of ownership in the success of American Annuity Group, Inc. By offering SARS, the company provides an additional compensation tool to attract and retain experienced directors who can contribute to the strategic decision-making and overall growth of the organization. Keywords: Michigan Directors Stock Appreciation Rights Plan, American Annuity Group, Inc., directors, compensation program, stock appreciation rights, align interests, long-term success, incentive, cash payment, appreciation, value, shares, stock price, Performance-based SARS, performance objectives, financial targets, stock price improvement, benchmarks, growth, profitability, Time-based SARS, vesting period, ownership, accountability, strategic decision-making, organization.

The Michigan Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a compensation program designed for directors of the company that aims to align their interests with shareholders and promote long-term success. This plan provides directors with stock appreciation rights (SARS) as a form of incentive. Under this plan, directors are granted the right to receive a cash payment equal to the appreciation in the value of a specific number of shares of the company's stock over a predetermined period. SARS give directors the opportunity to benefit from the rise in the company's stock price without owning the underlying shares directly. One type of Michigan Directors Stock Appreciation Rights Plan offered by American Annuity Group, Inc. may be the Performance-based SARS. This SARS is contingent upon the achievement of specific performance objectives, such as the company's financial targets, stock price improvement, or other predetermined benchmarks. This type of plan encourages directors to actively contribute to the company's growth and profitability. Another type of Michigan Directors Stock Appreciation Rights Plan could be the Time-based SARS, where directors become eligible to exercise their SARS after a specific period of time, often referred to as a vesting period. This type of plan aims to incentivize directors to stay with the company for the long term, aligning their interests with the company's performance over time. The Michigan Directors Stock Appreciation Rights Plan enhances directors' accountability and fosters a sense of ownership in the success of American Annuity Group, Inc. By offering SARS, the company provides an additional compensation tool to attract and retain experienced directors who can contribute to the strategic decision-making and overall growth of the organization. Keywords: Michigan Directors Stock Appreciation Rights Plan, American Annuity Group, Inc., directors, compensation program, stock appreciation rights, align interests, long-term success, incentive, cash payment, appreciation, value, shares, stock price, Performance-based SARS, performance objectives, financial targets, stock price improvement, benchmarks, growth, profitability, Time-based SARS, vesting period, ownership, accountability, strategic decision-making, organization.