Puerto Rico Directors Stock Appreciation Rights Plan of American Annuity Group, Inc.

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Multi-State
Control #:
US-CC-18-402C
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Word; 
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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

Puerto Rico Directors Stock Appreciation Rights Plan (SAR) is a unique compensation program offered by American Annuity Group, Inc., specifically designed for directors in Puerto Rico. This plan aims to incentivize directors by providing them with opportunities to benefit from the appreciation in American Annuity Group's stock value. The Puerto Rico Directors Stock Appreciation Rights Plan allows directors to receive appreciation on a predetermined number of stock units or grants. These stock appreciation rights are directly linked to the appreciation in the company's stock value over a specified period. Participating directors are provided with the potential to profit from the growth of the company through the distribution of these stock appreciation rights. This plan is structured to align the interests of directors with the shareholders of American Annuity Group, Inc., encouraging directors to make strategic decisions that contribute to the company's success and growth. Puerto Rico Directors Stock Appreciation Rights Plan serves as a valuable retention tool, enabling the company to attract and retain highly skilled directors who are motivated to enhance the value of the company on behalf of its shareholders. It is important to note that there may be different variations or terms of the Puerto Rico Directors Stock Appreciation Rights Plan offered by American Annuity Group, Inc., tailored to meet specific requirements or circumstances. These variations may include but are not limited to different vesting schedules, exercise periods, or performance-based criteria for the distribution of stock appreciation rights. The specifics of each type of plan may vary, ensuring flexibility and adaptability to the company's goals and regulatory considerations. In conclusion, the Puerto Rico Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is an incentive compensation program for directors in Puerto Rico that offers stock appreciation rights linked to the company's stock value. By providing a means for directors to participate in the company's growth, this plan aligns their interests with those of the shareholders and ultimately contributes to the long-term success of American Annuity Group, Inc.

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FAQ

Stock Appreciation Right (SAR) entitles an employee, who is a shareholder in a company, to a cash payment proportionate to the appreciation of stock traded on a public exchange market. SAR programs provide companies with the flexibility to structure the compensation scheme in a way that suits their beneficiaries.

Nature ? Employee stock ownership plan (ESOP) is an employee benefit plan that provides employees with shares of stock that represent ownership in the business. Contrastingly SARs are a sort of employee remuneration that is based on the stock price of the company over a predetermined period.

?SARs? means stock appreciation rights entitling the holder thereof to receive a cash payment in an amount equal to the appreciation in the Common Shares over a specified period, as set forth in this Plan and in the applicable Grant Agreement.

Employees can only exercise the stock appreciation rights after the shares have vested. The vesting period is the minimum period employees must hold the stocks before they can exercise the stock appreciation rights. Generally, employers offer stock appreciation rights along with stock options.

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We are providing these proxy materials in connection with the solicitation by the Board of Directors of Pfizer Inc. (“Pfizer,” the “Company,” “we,” “us” or “our ... ... in connection with any stock option plan (such as stock appreciation rights). ... of the Company's stocks with voting rights or of the total value of all classes ...Fill in the short plan year beginning and ending dates in the space provided and ... 3J. U.S.-based plan that covers residents of Puerto Rico and is qualified ... Employers and administrators who comply with the instructions for the Form 5500 generally will satisfy the annual reporting requirements for the IRS and DOL. Relating to insurance; amending, revising, and consolidating the law providing for the incorporation of insurance companies, and the regulation, supervision, ... • Shares available under the Stock Plan are reduced by 3.35 Shares for awards other than stock options or stock appreciation rights granted under the Stock Plan. Stock appreciation rights. Don't include a stock appreciation right granted ... market for $16 a share, your rights to the stock first became transferable ... American International Group, Inc. and Subsidiaries. 8. Investment Information ... In 1999, the AIG Board of Directors amended the AIG stock option plans to. The study concluded that the major problems contributing to insolvencies were improper transactions with affiliates, one unprofitable line of business ( ... ... the management proposals on amending the articles of incorporation and amending the company's stock plan, and against the shareholder proposals. Note that ...

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Puerto Rico Directors Stock Appreciation Rights Plan of American Annuity Group, Inc.