Rhode Island 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 Rhode Island Nonemployee Directors Stock Plan of Jacob Communications, Inc. is an equity compensation plan that aims to provide nonemployee directors of the company with stock options or restricted stock units. This plan serves as an incentive for nonemployee directors to align their interests with the company's shareholders by allowing them to own a stake in the company. Under the Rhode Island Nonemployee Directors Stock Plan, nonemployee directors are granted the opportunity to receive stock options, which entitle them to purchase a specific number of shares of Jacob Communications, Inc. at a predetermined price, known as the exercise price. These stock options usually have a vesting period, indicating a timeframe during which the nonemployee directors must wait before exercising their options. Once vested, nonemployee directors can choose to exercise their options and purchase the shares at the predetermined exercise price. This allows directors to benefit from any increase in the company's stock price. Alternatively, the Rhode Island Nonemployee Directors Stock Plan may also offer restricted stock units (RSS) to nonemployee directors. RSS represents a promise to deliver a certain number of shares of Jacob Communications, Inc., typically upon the occurrence of a specific event, such as the completion of a vesting period or the achievement of certain performance metrics. Unlike stock options, RSS do not require nonemployee directors to make any upfront payment to acquire the shares. Instead, the shares are typically delivered to directors upon vesting. By offering stock options or RSS, the Rhode Island Nonemployee Directors Stock Plan encourages nonemployee directors to contribute to the long-term success of Jacob Communications, Inc. These equity awards create a direct link between the company's performance and the compensation received by nonemployee directors, providing a powerful incentive for them to make decisions that benefit the company and its shareholders. It is worth noting that the specific terms and provisions of the Rhode Island Nonemployee Directors Stock Plan may vary depending on the company's policies, objectives, and corporate governance practices. Therefore, it is important for nonemployee directors to carefully review the plan documents to understand the rights, restrictions, and potential benefits associated with their equity awards.

The Rhode Island Nonemployee Directors Stock Plan of Jacob Communications, Inc. is an equity compensation plan that aims to provide nonemployee directors of the company with stock options or restricted stock units. This plan serves as an incentive for nonemployee directors to align their interests with the company's shareholders by allowing them to own a stake in the company. Under the Rhode Island Nonemployee Directors Stock Plan, nonemployee directors are granted the opportunity to receive stock options, which entitle them to purchase a specific number of shares of Jacob Communications, Inc. at a predetermined price, known as the exercise price. These stock options usually have a vesting period, indicating a timeframe during which the nonemployee directors must wait before exercising their options. Once vested, nonemployee directors can choose to exercise their options and purchase the shares at the predetermined exercise price. This allows directors to benefit from any increase in the company's stock price. Alternatively, the Rhode Island Nonemployee Directors Stock Plan may also offer restricted stock units (RSS) to nonemployee directors. RSS represents a promise to deliver a certain number of shares of Jacob Communications, Inc., typically upon the occurrence of a specific event, such as the completion of a vesting period or the achievement of certain performance metrics. Unlike stock options, RSS do not require nonemployee directors to make any upfront payment to acquire the shares. Instead, the shares are typically delivered to directors upon vesting. By offering stock options or RSS, the Rhode Island Nonemployee Directors Stock Plan encourages nonemployee directors to contribute to the long-term success of Jacob Communications, Inc. These equity awards create a direct link between the company's performance and the compensation received by nonemployee directors, providing a powerful incentive for them to make decisions that benefit the company and its shareholders. It is worth noting that the specific terms and provisions of the Rhode Island Nonemployee Directors Stock Plan may vary depending on the company's policies, objectives, and corporate governance practices. Therefore, it is important for nonemployee directors to carefully review the plan documents to understand the rights, restrictions, and potential benefits associated with their equity awards.