New Jersey 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 New Jersey Nonemployee Directors Stock Plan is a comprehensive program created by Jacob Communications, Inc. to reward and incentivize their nonemployee directors. This plan offers unique opportunities for these directors to acquire company stock, aligning their interests with that of the organization. The stock plan is designed to attract and retain highly talented individuals in the directorial positions, fostering a sense of ownership and commitment. Under the New Jersey Nonemployee Directors Stock Plan, there are several types of stock options available for nonemployee directors to choose from based on their preferences and circumstances. These options include: 1. Stock Grants: Nonemployee directors may be awarded shares of Jacob Communications' common stock directly, either as a one-time grant or periodically over a defined period. These grants are subject to specific terms and conditions set by the company. 2. Stock Options: This plan may also offer nonemployee directors the opportunity to purchase company stock at a predetermined price, known as the exercise price. The options typically have a vesting schedule, where the director becomes eligible to exercise a portion of the granted options over time, incentivizing long-term commitment. 3. Restricted Stock Units (RSS): Jacob Communications may choose to grant RSS to nonemployee directors. RSS represents a commitment to deliver company stock at a future date or upon fulfilling certain conditions, such as meeting performance goals or serving a specific tenure. Once RSS have vested, directors receive the equivalent value in company stock. The New Jersey Nonemployee Directors Stock Plan of Jacob Communications, Inc. ensures that nonemployee directors have a stake in the company's success and fosters a strong alliance between their interests and company performance. Through various stock options, grants, and RSS, this plan aims to promote engagement, loyalty, and shareholder value. Keywords: New Jersey, Nonemployee Directors Stock Plan, Jacob Communications, Inc., stock grants, stock options, restricted stock units, stock plan, directors, ownership, commitment, incentives, vesting, common stock, rewards, talent retention, performance goals, shareholder value.

The New Jersey Nonemployee Directors Stock Plan is a comprehensive program created by Jacob Communications, Inc. to reward and incentivize their nonemployee directors. This plan offers unique opportunities for these directors to acquire company stock, aligning their interests with that of the organization. The stock plan is designed to attract and retain highly talented individuals in the directorial positions, fostering a sense of ownership and commitment. Under the New Jersey Nonemployee Directors Stock Plan, there are several types of stock options available for nonemployee directors to choose from based on their preferences and circumstances. These options include: 1. Stock Grants: Nonemployee directors may be awarded shares of Jacob Communications' common stock directly, either as a one-time grant or periodically over a defined period. These grants are subject to specific terms and conditions set by the company. 2. Stock Options: This plan may also offer nonemployee directors the opportunity to purchase company stock at a predetermined price, known as the exercise price. The options typically have a vesting schedule, where the director becomes eligible to exercise a portion of the granted options over time, incentivizing long-term commitment. 3. Restricted Stock Units (RSS): Jacob Communications may choose to grant RSS to nonemployee directors. RSS represents a commitment to deliver company stock at a future date or upon fulfilling certain conditions, such as meeting performance goals or serving a specific tenure. Once RSS have vested, directors receive the equivalent value in company stock. The New Jersey Nonemployee Directors Stock Plan of Jacob Communications, Inc. ensures that nonemployee directors have a stake in the company's success and fosters a strong alliance between their interests and company performance. Through various stock options, grants, and RSS, this plan aims to promote engagement, loyalty, and shareholder value. Keywords: New Jersey, Nonemployee Directors Stock Plan, Jacob Communications, Inc., stock grants, stock options, restricted stock units, stock plan, directors, ownership, commitment, incentives, vesting, common stock, rewards, talent retention, performance goals, shareholder value.