Oregon 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 Oregon Nonemployee Directors Stock Plan is a significant component of Jacob Communications, Inc.'s overall compensation strategy for its nonemployee directors. This plan aims to attract and retain talented directors who are committed to enhancing the company's long-term value. By offering stock-based incentives, the plan aligns the interests of the directors with those of the shareholders, promoting governance stability and enhancing shareholder value. Under this plan, eligible nonemployee directors of Jacob Communications are granted stock options or stock awards as a form of compensation. These equity-based awards provide an opportunity for the directors to acquire shares of the company's common stock, thereby giving them an ownership stake in the business. The Oregon Nonemployee Directors Stock Plan has several key features that make it advantageous for both the directors and the company. Firstly, the plan includes a vesting period during which the stock options or awards granted to directors are not immediately exercisable or transferable. This provision encourages the directors to serve on the board for an extended period, fostering continuity and long-term commitment. Secondly, the plan includes performance-based criteria that determine the number of stock options or awards granted. This feature incentivizes the directors to contribute to the company's growth and meet specific performance targets. By linking compensation to performance, Jacob Communications ensures that the directors' efforts align with the company's strategic objectives. Moreover, the plan may include provisions for stock appreciation rights (SARS), which enable the directors to benefit from the appreciation in the company's stock price without acquiring the underlying shares. SARS offer flexibility to the directors by providing cash or stock settlement options. It is important to note that Jacob Communications might have different types or versions of the Oregon Nonemployee Directors Stock Plan, tailored to meet evolving business needs or comply with regulatory requirements. These variations could include changes in eligibility criteria, vesting schedules, exercise prices, or additional performance metrics. However, the overarching goal of these plans remains consistent: to attract, retain, and motivate experienced directors who contribute to the company's success. In summary, the Oregon Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a comprehensive compensation program designed to incentivize nonemployee directors through stock-based incentives. By granting stock options, awards, and potentially SARS, this plan aligns directors' interests with those of the shareholders, promotes governance stability, and drives long-term shareholder value.

Oregon Nonemployee Directors Stock Plan is a significant component of Jacob Communications, Inc.'s overall compensation strategy for its nonemployee directors. This plan aims to attract and retain talented directors who are committed to enhancing the company's long-term value. By offering stock-based incentives, the plan aligns the interests of the directors with those of the shareholders, promoting governance stability and enhancing shareholder value. Under this plan, eligible nonemployee directors of Jacob Communications are granted stock options or stock awards as a form of compensation. These equity-based awards provide an opportunity for the directors to acquire shares of the company's common stock, thereby giving them an ownership stake in the business. The Oregon Nonemployee Directors Stock Plan has several key features that make it advantageous for both the directors and the company. Firstly, the plan includes a vesting period during which the stock options or awards granted to directors are not immediately exercisable or transferable. This provision encourages the directors to serve on the board for an extended period, fostering continuity and long-term commitment. Secondly, the plan includes performance-based criteria that determine the number of stock options or awards granted. This feature incentivizes the directors to contribute to the company's growth and meet specific performance targets. By linking compensation to performance, Jacob Communications ensures that the directors' efforts align with the company's strategic objectives. Moreover, the plan may include provisions for stock appreciation rights (SARS), which enable the directors to benefit from the appreciation in the company's stock price without acquiring the underlying shares. SARS offer flexibility to the directors by providing cash or stock settlement options. It is important to note that Jacob Communications might have different types or versions of the Oregon Nonemployee Directors Stock Plan, tailored to meet evolving business needs or comply with regulatory requirements. These variations could include changes in eligibility criteria, vesting schedules, exercise prices, or additional performance metrics. However, the overarching goal of these plans remains consistent: to attract, retain, and motivate experienced directors who contribute to the company's success. In summary, the Oregon Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a comprehensive compensation program designed to incentivize nonemployee directors through stock-based incentives. By granting stock options, awards, and potentially SARS, this plan aligns directors' interests with those of the shareholders, promotes governance stability, and drives long-term shareholder value.