Franklin Ohio Nonemployee Director Stock Option Plan of U.S. Bancorp

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Franklin
• Control #: US-CC-18-209A
• Format: Word; Rich Text

Description

18-209A 18-209A . . . Outside Director Stock Option Plan under which, in addition to initial grants at fair market value on date of grant, each outside director may elect to receive deferred compensation option in lieu of all or specified portion of any directors fees. Such deferred compensation options shall be for number of shares equal to dollar amount specified in optionee's deferral election divided by difference between (a) fair market value of a share and (b) greater of 40% of fair market value of a share as of grant date or $5.00; and exercise price shall be equal to greater of (x) 40% of fair market value of a share as of grant date or (y) $5.00 The Franklin Ohio Nonemployee Director Stock Option Plan is a unique program offered by U.S. Ban corp specifically designed for nonemployee directors based in Franklin, Ohio. This plan aims to provide an incentive for nonemployee directors to contribute to the growth and success of the company by aligning their interests with the shareholders. By offering stock options, U.S. Ban corp aims to reward nonemployee directors for their contributions and provide them with an opportunity to share in the company's financial success. Under the Franklin Ohio Nonemployee Director Stock Option Plan, nonemployee directors of U.S. Ban corp are granted stock options that allow them to purchase a specified number of shares at a predetermined price within a specific time frame. These stock options are typically granted as part of the overall compensation package for nonemployee directors and are subject to certain vesting requirements, such as continuous service on the board of directors. The specific terms and conditions of the Franklin Ohio Nonemployee Director Stock Option Plan may vary depending on factors such as the nonemployee director's tenure, performance, and the overall performance of the company. It is important to note that the plan may have different versions or variations based on the specific needs and objectives of U.S. Ban corp at different times. The Franklin Ohio Nonemployee Director Stock Option Plan is a valuable tool for U.S. Ban corp to attract and retain talented individuals to serve on its board of directors. By offering stock options, U.S. Ban corp can align the interests of nonemployee directors with those of the shareholders, creating a sense of ownership and motivation to drive the company's success. In summary, the Franklin Ohio Nonemployee Director Stock Option Plan is a program designed specifically for nonemployee directors of U.S. Ban corp based in Franklin, Ohio. It offers stock options as a form of compensation and incentive to align the interests of nonemployee directors with the company's shareholders. The plan may have variations or different versions based on specific factors and objectives.

The Franklin Ohio Nonemployee Director Stock Option Plan is a unique program offered by U.S. Ban corp specifically designed for nonemployee directors based in Franklin, Ohio. This plan aims to provide an incentive for nonemployee directors to contribute to the growth and success of the company by aligning their interests with the shareholders. By offering stock options, U.S. Ban corp aims to reward nonemployee directors for their contributions and provide them with an opportunity to share in the company's financial success. Under the Franklin Ohio Nonemployee Director Stock Option Plan, nonemployee directors of U.S. Ban corp are granted stock options that allow them to purchase a specified number of shares at a predetermined price within a specific time frame. These stock options are typically granted as part of the overall compensation package for nonemployee directors and are subject to certain vesting requirements, such as continuous service on the board of directors. The specific terms and conditions of the Franklin Ohio Nonemployee Director Stock Option Plan may vary depending on factors such as the nonemployee director's tenure, performance, and the overall performance of the company. It is important to note that the plan may have different versions or variations based on the specific needs and objectives of U.S. Ban corp at different times. The Franklin Ohio Nonemployee Director Stock Option Plan is a valuable tool for U.S. Ban corp to attract and retain talented individuals to serve on its board of directors. By offering stock options, U.S. Ban corp can align the interests of nonemployee directors with those of the shareholders, creating a sense of ownership and motivation to drive the company's success. In summary, the Franklin Ohio Nonemployee Director Stock Option Plan is a program designed specifically for nonemployee directors of U.S. Ban corp based in Franklin, Ohio. It offers stock options as a form of compensation and incentive to align the interests of nonemployee directors with the company's shareholders. The plan may have variations or different versions based on specific factors and objectives.