New Hampshire 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 New Hampshire Directors Stock Appreciation Rights Plan is a program designed specifically for the directors of American Annuity Group, Inc. This plan allows directors to receive stock appreciation rights as a form of compensation for their services. Stock appreciation rights (SARS) are a type of incentive plan where participants are granted the right to receive additional compensation based on the increase in the company's stock price over a specified period. Under the New Hampshire Directors Stock Appreciation Rights Plan, directors of American Annuity Group, Inc. are granted SARS as a way to align their interests with the company's shareholders. This SARS allows directors to benefit from any increase in the company's stock price over a predetermined period. The appreciation in stock price can be realized by either cash settlement or equity-based settlement, depending on the terms of the plan. The New Hampshire Directors Stock Appreciation Rights Plan enables directors to exercise their SARS when certain conditions are met, such as the achievement of specified performance goals or the occurrence of a change in control of the company. Directors can exercise their SARS and receive the cash or stock equivalent of the appreciation in value, providing them with a financial incentive to contribute to the company's success. It is important to note that different types of New Hampshire Directors Stock Appreciation Rights Plans may exist within American Annuity Group, Inc. These variations could have distinct eligibility criteria, vesting schedules, and exercise periods. Some plans might be specifically tailored for directors serving on different committees, such as the Compensation Committee or the Audit Committee, while others may have additional features like performance-based vesting or alternative settlement methods. In summary, the New Hampshire Directors Stock Appreciation Rights Plan is a compensation program that allows directors of American Annuity Group, Inc. to receive stock appreciation rights as a form of reward for their service. Through this SARS, directors can benefit from the company's stock price appreciation, thus aligning their interests with the shareholders. Different variations of this plan may exist, catering to specific director roles or incorporating unique features to suit the company's needs.

The New Hampshire Directors Stock Appreciation Rights Plan is a program designed specifically for the directors of American Annuity Group, Inc. This plan allows directors to receive stock appreciation rights as a form of compensation for their services. Stock appreciation rights (SARS) are a type of incentive plan where participants are granted the right to receive additional compensation based on the increase in the company's stock price over a specified period. Under the New Hampshire Directors Stock Appreciation Rights Plan, directors of American Annuity Group, Inc. are granted SARS as a way to align their interests with the company's shareholders. This SARS allows directors to benefit from any increase in the company's stock price over a predetermined period. The appreciation in stock price can be realized by either cash settlement or equity-based settlement, depending on the terms of the plan. The New Hampshire Directors Stock Appreciation Rights Plan enables directors to exercise their SARS when certain conditions are met, such as the achievement of specified performance goals or the occurrence of a change in control of the company. Directors can exercise their SARS and receive the cash or stock equivalent of the appreciation in value, providing them with a financial incentive to contribute to the company's success. It is important to note that different types of New Hampshire Directors Stock Appreciation Rights Plans may exist within American Annuity Group, Inc. These variations could have distinct eligibility criteria, vesting schedules, and exercise periods. Some plans might be specifically tailored for directors serving on different committees, such as the Compensation Committee or the Audit Committee, while others may have additional features like performance-based vesting or alternative settlement methods. In summary, the New Hampshire Directors Stock Appreciation Rights Plan is a compensation program that allows directors of American Annuity Group, Inc. to receive stock appreciation rights as a form of reward for their service. Through this SARS, directors can benefit from the company's stock price appreciation, thus aligning their interests with the shareholders. Different variations of this plan may exist, catering to specific director roles or incorporating unique features to suit the company's needs.