The New Mexico Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a compensation program designed specifically for the directors of the company. It provides an opportunity for directors to earn additional financial benefits based on the appreciation of the company's stock price. This stock appreciation rights plan is structured to incentivize directors to contribute to the long-term growth and success of American Annuity Group, Inc. By granting stock appreciation rights, directors are afforded the possibility of profiting from the increase in the company's stock value over time. Under this plan, directors are granted the right to receive a cash payment or stock equivalent, commonly known as a stock appreciation right, equal to the appreciation in the company's stock price over a predefined period. This period is typically determined by the company's board of directors. The New Mexico Directors Stock Appreciation Rights Plan is a key component of the overall compensation package offered to directors. It is designed to align the interests of the board of directors with those of the company's shareholders, ensuring that directors have a vested interest in driving the company's financial performance and increasing shareholder value. Different types of the New Mexico Directors Stock Appreciation Rights Plan may exist, tailored to the specific needs and goals of the American Annuity Group, Inc. Each type may include variations in the eligibility criteria, vesting schedules, and payment terms. These plans can be customized to suit the unique circumstances of the directors and the company. By implementing the New Mexico Directors Stock Appreciation Rights Plan, American Annuity Group, Inc. strives to attract and retain highly talented directors who can provide valuable strategic guidance and leadership to the company. This compensation program serves as a strong motivator for directors to actively participate in the growth of the company and align their interests with those of the shareholders. Overall, the New Mexico Directors Stock Appreciation Rights Plan underscores the commitment of American Annuity Group, Inc. to its directors and ensures their direct involvement in driving the company's success and long-term value creation.