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Wyoming Directors Stock Appreciation Rights Plan of American Annuity Group, Inc.

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Control #:
US-CC-18-402C
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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 Wyoming Directors Stock Appreciation Rights Plan is a compensation program offered by American Annuity Group, Inc. to its directors based in Wyoming. This plan is designed to provide additional incentives and rewards to directors for their service and dedication to the company. The program revolves around stock appreciation rights (SARS), which grant directors the opportunity to benefit from the appreciation of the company's stock over a specific period. Under this plan, directors are granted the right to receive a payment equal to the value of the appreciation in American Annuity Group, Inc.'s stock during a designated period. This SARS is typically granted as compensation for future services or as a bonus for outstanding performance. They serve as a way to align the interests of the directors with the growth and success of the company. The Wyoming Directors Stock Appreciation Rights Plan aims to provide directors with a tangible stake in the company's financial performance over time. It encourages directors to make decisions that will positively impact the company's stock value and aligns their interests with those of shareholders. As for different types of Wyoming Directors Stock Appreciation Rights Plan, they can vary based on specific terms and conditions. Certain plans may have different vesting schedules, granting directors the right to exercise their SARS gradually over time. Other variations may include performance-based SARS, where the directors' rewards are tied to specific performance goals set by the company. Overall, the Wyoming Directors Stock Appreciation Rights Plan is a valuable tool for American Annuity Group, Inc. to attract and retain talented directors. By offering additional incentives tied to the company's stock appreciation, this plan creates a sense of ownership and motivation among directors, thus contributing to the overall success and growth of the organization.

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FAQ

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 may be settled in cash or shares. However, it is more common for SARs to be settled in cash. A SAR is similar to a stock option except that the recipient is not required to pay an exercise price to exercise the SAR.

The equivalent of the share price of the firm or the rise in share price over a specified period is paid to employees. However, stock appreciation rights are not promised to the employees. They are incentives given to employees when the company's stock value exceeds the option exercise price.

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 ...

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.

Once a SAR vests, an employee can exercise it at any time prior to its expiration. The proceeds will be paid either in cash, shares, or a combination of cash and shares depending on the rules of an employee's plan.

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Download Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. right from the US Legal Forms web site. It offers a wide variety of ... Handling paperwork with our comprehensive and user-friendly PDF editor is straightforward. Adhere to the instructions below to fill out Directors Stock ...Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants this Award to the Participant on the Grant Date on the terms set ... Consists of awards under the Stock Unit Accumulation Plan for Non-Employee Directors in 2009 described below under Director Compensation and Stock Ownership – ... ... a director with the standards of conduct described in W.S.. 17-16-830. (g) The board of directors may appoint one (1) or more directors as alternate members ... Aug 2, 2007 — Purpose. The Wyoming Retirement System (WRS) provides retirement income for most public employees in the state. For the largest of its. Mar 12, 2015 — In addition, a stock plan administered by the Board of Directors is in place ... unrestricted and restricted stock, and stock appreciation rights. File this form for a plan that only covers the owner (or the owner and the ... (QSB) stock (as defined in the Instructions for Schedule D) that is eligible ... AGENTS, AGENCIES, & ADJUSTERS. Obtain or renew a license, view continuing education information, and more... 30 days of employment by the Insurance Department if they hold stock, stock options, stock appreciation rights, warrants or equivalents in a company regulated ...

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Wyoming Directors Stock Appreciation Rights Plan of American Annuity Group, Inc.