Pennsylvania 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 Pennsylvania Nonemployee Directors Stock Plan is a program implemented by Jacob Communications, Inc. to reward and incentivize its nonemployee directors with stock-based compensation. This comprehensive plan aims to align the interests of the nonemployee directors with those of the company's shareholders by offering them an opportunity to acquire and own shares in the company. Under the Pennsylvania Nonemployee Directors Stock Plan, eligible nonemployee directors of Jacob Communications can receive stock options, restricted stock units (RSS), or other equity awards as a form of compensation. By offering these incentives, Jacob Communications seeks to attract and retain highly qualified individuals to serve on its board of directors, who can contribute their expertise and contribute to the company's growth and success. The Pennsylvania Nonemployee Directors Stock Plan includes various features and provisions to ensure fairness and compliance with applicable regulations. It outlines the eligibility criteria for nonemployee directors to participate in the plan, the maximum number of shares that can be awarded, and the vesting schedule for stock options and RSS. The plan also provides for the treatment of stock awards in situations such as retirement, disability, death, or a change in control of the company. Jacob Communications may have different types of stock awards within the Pennsylvania Nonemployee Directors Stock Plan, including: 1. Stock Options: Nonemployee directors may be granted stock options, which provide the right to purchase a specific number of company shares at a predetermined price, known as the exercise price. These options typically have a vesting period and an expiration date, within which the director must exercise the options. 2. Restricted Stock Units (RSS): RSS are another type of stock award that nonemployee directors may receive. RSS represents a promise to deliver company shares at a specified future date or upon the occurrence of certain conditions. These units may vest over time or based on the achievement of pre-determined performance targets. 3. Other Equity Awards: Jacob Communications may offer additional forms of equity awards as part of the Pennsylvania Nonemployee Directors Stock Plan, such as stock appreciation rights (SARS) or performance-based stock awards. These awards may have specific conditions and terms associated with them, providing directors with further opportunities for stock-based compensation. It is important to note that the specific details and provisions of the Pennsylvania Nonemployee Directors Stock Plan may vary depending on Jacob Communications' individual policies and any amendments made to the plan. Nonemployee directors are encouraged to review the plan's documentation thoroughly to understand the benefits and obligations associated with participating in the program.

The Pennsylvania Nonemployee Directors Stock Plan is a program implemented by Jacob Communications, Inc. to reward and incentivize its nonemployee directors with stock-based compensation. This comprehensive plan aims to align the interests of the nonemployee directors with those of the company's shareholders by offering them an opportunity to acquire and own shares in the company. Under the Pennsylvania Nonemployee Directors Stock Plan, eligible nonemployee directors of Jacob Communications can receive stock options, restricted stock units (RSS), or other equity awards as a form of compensation. By offering these incentives, Jacob Communications seeks to attract and retain highly qualified individuals to serve on its board of directors, who can contribute their expertise and contribute to the company's growth and success. The Pennsylvania Nonemployee Directors Stock Plan includes various features and provisions to ensure fairness and compliance with applicable regulations. It outlines the eligibility criteria for nonemployee directors to participate in the plan, the maximum number of shares that can be awarded, and the vesting schedule for stock options and RSS. The plan also provides for the treatment of stock awards in situations such as retirement, disability, death, or a change in control of the company. Jacob Communications may have different types of stock awards within the Pennsylvania Nonemployee Directors Stock Plan, including: 1. Stock Options: Nonemployee directors may be granted stock options, which provide the right to purchase a specific number of company shares at a predetermined price, known as the exercise price. These options typically have a vesting period and an expiration date, within which the director must exercise the options. 2. Restricted Stock Units (RSS): RSS are another type of stock award that nonemployee directors may receive. RSS represents a promise to deliver company shares at a specified future date or upon the occurrence of certain conditions. These units may vest over time or based on the achievement of pre-determined performance targets. 3. Other Equity Awards: Jacob Communications may offer additional forms of equity awards as part of the Pennsylvania Nonemployee Directors Stock Plan, such as stock appreciation rights (SARS) or performance-based stock awards. These awards may have specific conditions and terms associated with them, providing directors with further opportunities for stock-based compensation. It is important to note that the specific details and provisions of the Pennsylvania Nonemployee Directors Stock Plan may vary depending on Jacob Communications' individual policies and any amendments made to the plan. Nonemployee directors are encouraged to review the plan's documentation thoroughly to understand the benefits and obligations associated with participating in the program.