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
South Dakota Directors Stock Appreciation Rights Plan of American Annuity Group, Inc.
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US-CC-18-402C
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FAQ
A stock appreciation right is a form of incentive or deferred compensation that ties part of your income to the performance of your company's stock. It gives you the right to the monetary equivalent of the appreciation in the value of a specified number of shares over a specified period of time.
A Stock Appreciation Right (a ?SAR?) provides the recipient with the right to the appreciation in the common stock of the Corporation (?Common Stock?) measured from the date of grant to the date of exercise. The number of SARs awarded and the SAR grant price are set forth in the Statement of Award.