The Washington Directors Stock Appreciation Rights Plan is a compensation plan implemented by American Annuity Group, Inc. for its board of directors. This plan is designed to provide the directors with additional incentives and rewards for their contributions towards the growth and success of the company. Under the plan, the directors are granted stock appreciation rights (SARS) as a form of non-cash compensation. This SARS represents the right to receive the appreciation in the value of the company's stock over a specific period of time. The Washington Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. offers several types of SARS to the directors, providing them with flexibility and choice based on their individual preferences and objectives. The types of SARS include: 1. Standard SARS: These are the most common type of SARS, where the directors are granted the right to receive the appreciation in the value of the company's stock over a predetermined time frame, usually several years. 2. Performance-based SARS: This SARS is granted based on the achievement of specific performance targets or milestones by the company. The directors have to meet or exceed these targets to be eligible for the SARS. 3. Time-based SARS: Time-based SARS are granted to the directors upon the completion of a set period of service with the company. This SARS automatically vest over time, providing a long-term incentive for directors to remain with the company. 4. Cash-settled SARS: In this type of SAR, the directors have the option to receive the appreciation in cash instead of receiving the company's stock. This can offer them immediate liquidity without having to hold the stock. 5. Equity-settled SARS: Equity-settled SARS provide the directors with the opportunity to receive the appreciation in the form of additional shares of the company's stock. This allows them to further enhance their ownership stake in the company. The Washington Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is governed by specific rules and regulations in the state of Washington, ensuring compliance with local laws and regulations. The plan aims to align the interests of the directors with those of the shareholders and promote the company's long-term growth and profitability. Keywords: Washington Directors Stock Appreciation Rights Plan, American Annuity Group, Inc., compensation plan, board of directors, stock appreciation rights, non-cash compensation, incentives, rewards, appreciation in stock value, types of SARS, standard SARS, performance-based SARS, time-based SARS, cash-settled SARS, equity-settled SARS, regulations, Washington state.
Washington Directors Stock Appreciation Rights Plan of American Annuity Group, Inc.
Description
How to fill out Washington Directors Stock Appreciation Rights Plan Of American Annuity Group, Inc.?
If you want to complete, download, or print lawful document web templates, use US Legal Forms, the largest variety of lawful varieties, which can be found online. Make use of the site`s easy and hassle-free look for to discover the paperwork you will need. Various web templates for organization and individual uses are categorized by groups and says, or key phrases. Use US Legal Forms to discover the Washington Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. in just a number of click throughs.
If you are presently a US Legal Forms consumer, log in for your accounts and click on the Down load key to find the Washington Directors Stock Appreciation Rights Plan of American Annuity Group, Inc.. You may also accessibility varieties you earlier downloaded inside the My Forms tab of your accounts.
Should you use US Legal Forms the first time, refer to the instructions listed below:
- Step 1. Ensure you have selected the form for that right area/region.
- Step 2. Take advantage of the Preview option to examine the form`s articles. Do not forget to see the explanation.
- Step 3. If you are unsatisfied using the develop, make use of the Lookup field towards the top of the display screen to get other types in the lawful develop web template.
- Step 4. Once you have found the form you will need, click the Get now key. Opt for the prices plan you like and include your accreditations to register on an accounts.
- Step 5. Approach the deal. You may use your charge card or PayPal accounts to finish the deal.
- Step 6. Choose the file format in the lawful develop and download it on your own gadget.
- Step 7. Complete, change and print or indication the Washington Directors Stock Appreciation Rights Plan of American Annuity Group, Inc..
Each lawful document web template you purchase is your own for a long time. You may have acces to each develop you downloaded with your acccount. Click on the My Forms segment and decide on a develop to print or download once again.
Compete and download, and print the Washington Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. with US Legal Forms. There are many professional and express-certain varieties you can utilize for the organization or individual needs.
Form popularity
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.
A Stock Appreciation Right (SAR) refers to the right to be paid compensation equivalent to an increase in the company's common stock price over a base or the value of appreciation of the equity shares currently being traded on the public market.
Stock Appreciation Rights (SARs) SARs differ from ESOPs in that they do not grant direct ownership to employees, but rather give them the right to receive a cash payout equal to the value of the stock appreciation.
?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.
Stock Appreciation Rights (SARs) SARs also provide the benefit of appreciation without giving actual stock. But unlike phantom stock, SARs tend to resemble stock options, where employees can choose when to exercise them. Vested SARs generally may be exercised any time between vesting and expiration.
A ?Stock Appreciation Right? is the right to receive a payment from the Company in an amount equal to the ?Spread,? which is defined as the excess of the Fair Market Value (as defined in Plan) of one share of common stock, $1.00 par value (the ?Stock?) of the Company at the Exercise Date (as defined below) over a ...