Ohio 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 Ohio Directors Stock Appreciation Rights Plan is a compensation plan designed specifically for the directors of American Annuity Group, Inc. This plan offers various financial benefits to directors, aiming to retain and motivate their valuable contributions to the company's growth and success. Under the Ohio Directors Stock Appreciation Rights Plan, directors are granted the opportunity to earn appreciation rights based on the company's stock performance. These rights provide directors with the ability to benefit from the increase in the company's stock price over a specific period of time. Directors who participate in this plan have the potential to receive financial rewards when the company's stock value rises. This incentivizes directors to work towards the company's profitability and shareholder value enhancement. The Ohio Directors Stock Appreciation Rights Plan serves as a means to align the interests of directors with the company and its shareholders. There are different types of Stock Appreciation Rights Plans within Ohio Directors Stock Appreciation Rights Plan. They include: 1. Performance-Based Stock Appreciation Rights: This type of plan rewards directors based on specific performance targets. When the company achieves predetermined financial goals or benchmarks, directors become eligible for stock appreciation rights. 2. Time-Based Stock Appreciation Rights: This type of plan awards directors with appreciation rights based on their length of service to the company. The longer a director serves, the more stock appreciation rights they can earn, adding to their potential financial benefits. 3. Vesting-Based Stock Appreciation Rights: This type of plan grants directors appreciation rights that become vested over a certain period of time. Directors need to remain with the company for a specified duration to fully benefit from their stock appreciation rights. The Ohio Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. acts as a powerful tool to attract, retain, and motivate highly qualified directors, ultimately contributing to the company's sustainable growth and value creation.

The Ohio Directors Stock Appreciation Rights Plan is a compensation plan designed specifically for the directors of American Annuity Group, Inc. This plan offers various financial benefits to directors, aiming to retain and motivate their valuable contributions to the company's growth and success. Under the Ohio Directors Stock Appreciation Rights Plan, directors are granted the opportunity to earn appreciation rights based on the company's stock performance. These rights provide directors with the ability to benefit from the increase in the company's stock price over a specific period of time. Directors who participate in this plan have the potential to receive financial rewards when the company's stock value rises. This incentivizes directors to work towards the company's profitability and shareholder value enhancement. The Ohio Directors Stock Appreciation Rights Plan serves as a means to align the interests of directors with the company and its shareholders. There are different types of Stock Appreciation Rights Plans within Ohio Directors Stock Appreciation Rights Plan. They include: 1. Performance-Based Stock Appreciation Rights: This type of plan rewards directors based on specific performance targets. When the company achieves predetermined financial goals or benchmarks, directors become eligible for stock appreciation rights. 2. Time-Based Stock Appreciation Rights: This type of plan awards directors with appreciation rights based on their length of service to the company. The longer a director serves, the more stock appreciation rights they can earn, adding to their potential financial benefits. 3. Vesting-Based Stock Appreciation Rights: This type of plan grants directors appreciation rights that become vested over a certain period of time. Directors need to remain with the company for a specified duration to fully benefit from their stock appreciation rights. The Ohio Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. acts as a powerful tool to attract, retain, and motivate highly qualified directors, ultimately contributing to the company's sustainable growth and value creation.