Washington 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 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.

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.