Rhode Island 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 Rhode Island Directors Stock Appreciation Rights Plan is a specific compensation program offered by American Annuity Group, Inc. exclusively for the directors residing in the state of Rhode Island. This plan aims to provide directors with the opportunity to benefit from the appreciation in the company's stock value, thus incentivizing their contribution to the company's growth and success. Under this plan, directors are granted stock appreciation rights (SARS), also known as phantom stock, as a form of compensation. SARS is a type of equity-based incentive plan where directors receive virtual shares or units that mirror the value of the company's actual shares. Therefore, directors can participate in the increase in the company's stock price without actually owning the underlying shares. The Rhode Island Directors Stock Appreciation Rights Plan offers several benefits to the directors participating in it. Firstly, it aligns their interests with those of the company and its shareholders, as their compensation is tied to the company's performance and stock price appreciation. This promotes a stronger sense of ownership and dedication to the company's long-term success. Additionally, the plan provides directors with a financial incentive to contribute to the company's strategic decision-making, governance, and overall effectiveness. As directors play a crucial role in overseeing the company's operations, the plan aims to reward their efforts and encourage them to actively participate in shaping the company's future. It is important to note that there may be variations or different types of the Rhode Island Directors Stock Appreciation Rights Plan within American Annuity Group, Inc., tailored to the needs and requirements of specific director positions or tenure. These variations may include eligibility criteria, vesting schedules, and the method of calculating the appreciation in stock value. In summary, the Rhode Island Directors Stock Appreciation Rights Plan offered by American Annuity Group, Inc. is a compensation program designed to provide directors in Rhode Island with virtual shares or units tied to the company's stock price appreciation. This plan serves as a means to align their interests with those of the company and incentivize their active involvement in driving the company's growth and success.

The Rhode Island Directors Stock Appreciation Rights Plan is a specific compensation program offered by American Annuity Group, Inc. exclusively for the directors residing in the state of Rhode Island. This plan aims to provide directors with the opportunity to benefit from the appreciation in the company's stock value, thus incentivizing their contribution to the company's growth and success. Under this plan, directors are granted stock appreciation rights (SARS), also known as phantom stock, as a form of compensation. SARS is a type of equity-based incentive plan where directors receive virtual shares or units that mirror the value of the company's actual shares. Therefore, directors can participate in the increase in the company's stock price without actually owning the underlying shares. The Rhode Island Directors Stock Appreciation Rights Plan offers several benefits to the directors participating in it. Firstly, it aligns their interests with those of the company and its shareholders, as their compensation is tied to the company's performance and stock price appreciation. This promotes a stronger sense of ownership and dedication to the company's long-term success. Additionally, the plan provides directors with a financial incentive to contribute to the company's strategic decision-making, governance, and overall effectiveness. As directors play a crucial role in overseeing the company's operations, the plan aims to reward their efforts and encourage them to actively participate in shaping the company's future. It is important to note that there may be variations or different types of the Rhode Island Directors Stock Appreciation Rights Plan within American Annuity Group, Inc., tailored to the needs and requirements of specific director positions or tenure. These variations may include eligibility criteria, vesting schedules, and the method of calculating the appreciation in stock value. In summary, the Rhode Island Directors Stock Appreciation Rights Plan offered by American Annuity Group, Inc. is a compensation program designed to provide directors in Rhode Island with virtual shares or units tied to the company's stock price appreciation. This plan serves as a means to align their interests with those of the company and incentivize their active involvement in driving the company's growth and success.