Texas 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 Texas Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a unique and comprehensive program designed to attract and reward nonemployee directors of the company. Combining various benefits and incentives, this stock plan emphasizes the importance of nonemployee directors in shaping the company's success. Under the Texas Nonemployee Directors Stock Plan, participating directors have the opportunity to acquire and retain ownership in Jacob Communications, Inc. This is achieved through the issuance of company stock, which serves as a tangible representation of their contributions towards the company's growth and prosperity. This stock plan provides nonemployee directors with a range of benefits and opportunities. Firstly, it aligns their interests with those of the company's shareholders, encouraging them to actively participate in key decision-making processes and contribute to the long-term success of Jacob Communications, Inc. The Texas Nonemployee Directors Stock Plan offers different types of awards to directors, including stock options and restricted stock units (RSS). Stock options provide the right to purchase a specific number of company shares at a predetermined price within a specified timeframe. On the other hand, RSS grant the director the right to receive shares of Jacob Communications, Inc. once certain conditions are met. By allowing nonemployee directors to acquire company stock, this plan ensures they have a vested interest in the company's performance and long-term value. This ownership stake not only strengthens the commitment of directors but also enhances corporate governance and accountability. The Texas Nonemployee Directors Stock Plan further promotes retention and long-term engagement. Directors may receive a portion of their award in stock that is subject to vesting requirements. This incentivizes their continued service and dedication to Jacob Communications, Inc., fostering a sense of stability and continuity within the board of directors. Overall, the Texas Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a comprehensive program designed to attract and retain talented individuals to serve as nonemployee directors. It aligns the interests of directors with those of the shareholders, encourages active participation, and promotes long-term engagement in driving the company's success.

The Texas Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a unique and comprehensive program designed to attract and reward nonemployee directors of the company. Combining various benefits and incentives, this stock plan emphasizes the importance of nonemployee directors in shaping the company's success. Under the Texas Nonemployee Directors Stock Plan, participating directors have the opportunity to acquire and retain ownership in Jacob Communications, Inc. This is achieved through the issuance of company stock, which serves as a tangible representation of their contributions towards the company's growth and prosperity. This stock plan provides nonemployee directors with a range of benefits and opportunities. Firstly, it aligns their interests with those of the company's shareholders, encouraging them to actively participate in key decision-making processes and contribute to the long-term success of Jacob Communications, Inc. The Texas Nonemployee Directors Stock Plan offers different types of awards to directors, including stock options and restricted stock units (RSS). Stock options provide the right to purchase a specific number of company shares at a predetermined price within a specified timeframe. On the other hand, RSS grant the director the right to receive shares of Jacob Communications, Inc. once certain conditions are met. By allowing nonemployee directors to acquire company stock, this plan ensures they have a vested interest in the company's performance and long-term value. This ownership stake not only strengthens the commitment of directors but also enhances corporate governance and accountability. The Texas Nonemployee Directors Stock Plan further promotes retention and long-term engagement. Directors may receive a portion of their award in stock that is subject to vesting requirements. This incentivizes their continued service and dedication to Jacob Communications, Inc., fostering a sense of stability and continuity within the board of directors. Overall, the Texas Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a comprehensive program designed to attract and retain talented individuals to serve as nonemployee directors. It aligns the interests of directors with those of the shareholders, encourages active participation, and promotes long-term engagement in driving the company's success.