Oregon 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 Oregon Directors Stock Appreciation Rights Plan is a compensation program offered by American Annuity Group, Inc. to its directors based in Oregon. This plan allows directors to receive additional compensation in the form of stock appreciation rights (SARS). SARS is a type of equity-based incentive that gives participants the opportunity to profit from the increase in the company's stock price over a specific period. Under the Oregon Directors Stock Appreciation Rights Plan, directors are granted the right to receive a cash payment equal to the appreciation in the value of a specified number of shares of the company's common stock. This appreciation is typically measured from the date of grant to the date of exercise. The plan offers directors the flexibility to exercise their SARS at their discretion, allowing them to take advantage of favorable market conditions or hold onto their rights for potential future gains. One of the key benefits of the Oregon Directors Stock Appreciation Rights Plan is its ability to align the interests of directors with those of the shareholders. By providing directors with a stake in the company's stock performance, the plan encourages them to make decisions that enhance shareholder value and promote long-term growth. This can contribute to better corporate governance and decision-making. As for the different types of Oregon Directors Stock Appreciation Rights Plans of American Annuity Group, Inc., there may be variations based on specific terms and conditions. Some possible variations could include: 1. Performance-based SARS: These are SARS that are subject to specific performance goals or targets, such as achieving a certain level of revenue growth, market share increase, or profitability. This type of plan incentivizes directors to drive the company's financial success while aligning their compensation with performance outcomes. 2. Time-based SARS: This SARS has a predetermined vesting period, after which directors can exercise their rights. This type of plan rewards directors for their continued service and commitment to the company over a specific time frame. 3. Restricted SARS: This type of SAR grants directors the right to receive cash payments only if certain conditions are met. For example, the SARS may be contingent upon the company achieving a specific financial milestone or a successful merger or acquisition. It's important to note that the specific details and variations of the Oregon Directors Stock Appreciation Rights Plan can vary from company to company. Therefore, directors and potential participants should carefully review the plan's terms and consult with professionals to fully understand the intricacies involved.

The Oregon Directors Stock Appreciation Rights Plan is a compensation program offered by American Annuity Group, Inc. to its directors based in Oregon. This plan allows directors to receive additional compensation in the form of stock appreciation rights (SARS). SARS is a type of equity-based incentive that gives participants the opportunity to profit from the increase in the company's stock price over a specific period. Under the Oregon Directors Stock Appreciation Rights Plan, directors are granted the right to receive a cash payment equal to the appreciation in the value of a specified number of shares of the company's common stock. This appreciation is typically measured from the date of grant to the date of exercise. The plan offers directors the flexibility to exercise their SARS at their discretion, allowing them to take advantage of favorable market conditions or hold onto their rights for potential future gains. One of the key benefits of the Oregon Directors Stock Appreciation Rights Plan is its ability to align the interests of directors with those of the shareholders. By providing directors with a stake in the company's stock performance, the plan encourages them to make decisions that enhance shareholder value and promote long-term growth. This can contribute to better corporate governance and decision-making. As for the different types of Oregon Directors Stock Appreciation Rights Plans of American Annuity Group, Inc., there may be variations based on specific terms and conditions. Some possible variations could include: 1. Performance-based SARS: These are SARS that are subject to specific performance goals or targets, such as achieving a certain level of revenue growth, market share increase, or profitability. This type of plan incentivizes directors to drive the company's financial success while aligning their compensation with performance outcomes. 2. Time-based SARS: This SARS has a predetermined vesting period, after which directors can exercise their rights. This type of plan rewards directors for their continued service and commitment to the company over a specific time frame. 3. Restricted SARS: This type of SAR grants directors the right to receive cash payments only if certain conditions are met. For example, the SARS may be contingent upon the company achieving a specific financial milestone or a successful merger or acquisition. It's important to note that the specific details and variations of the Oregon Directors Stock Appreciation Rights Plan can vary from company to company. Therefore, directors and potential participants should carefully review the plan's terms and consult with professionals to fully understand the intricacies involved.