Houston Texas Nonemployee Director Stock Option Plan of U.S. Bancorp

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Houston
• 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 Houston Texas Nonemployee Director Stock Option Plan of U.S. Ban corp is a compensation program designed specifically for nonemployee directors of the company. This plan provides the directors with the opportunity to purchase company stock options at a predetermined price, allowing them to potentially benefit from the future value of the stock. Through the Houston Texas Nonemployee Director Stock Option Plan, U.S. Ban corp aims to attract and retain talented individuals to serve on its board of directors. By offering stock options as part of their compensation package, the company motivates directors to make decisions that align with the long-term growth and success of the corporation. The Houston Texas Nonemployee Director Stock Option Plan is structured to provide flexibility to the directors. It allows them to choose when to exercise their options, giving them the opportunity to capitalize on favorable market conditions or wait for the stock's value to increase over time. Furthermore, this plan may have variations or sub-plans, catering to specific director roles or responsibilities within the company. Examples of these variations could include the Houston Texas Nonemployee Director Stock Option Plan for Committee Chairs or the Houston Texas Nonemployee Director Stock Option Plan for Audit Committee Members. These sub-plans may have specific eligibility criteria or additional benefits tailored to the respective director roles. Participating directors under the Houston Texas Nonemployee Director Stock Option Plan benefit from the potential appreciation of U.S. Ban corp's stock, which ultimately aligns their interests with those of the shareholders. The plan encourages directors to contribute their expertise and experience to make strategic decisions that drive the company's growth and enhance shareholder value. In summary, the Houston Texas Nonemployee Director Stock Option Plan of U.S. Ban corp is a compensation program that incentivizes nonemployee directors to serve on the board by providing stock options. This plan aims to attract and retain talented individuals, align their interests with the company's shareholders, and drive long-term value creation for U.S. Ban corp.

The Houston Texas Nonemployee Director Stock Option Plan of U.S. Ban corp is a compensation program designed specifically for nonemployee directors of the company. This plan provides the directors with the opportunity to purchase company stock options at a predetermined price, allowing them to potentially benefit from the future value of the stock. Through the Houston Texas Nonemployee Director Stock Option Plan, U.S. Ban corp aims to attract and retain talented individuals to serve on its board of directors. By offering stock options as part of their compensation package, the company motivates directors to make decisions that align with the long-term growth and success of the corporation. The Houston Texas Nonemployee Director Stock Option Plan is structured to provide flexibility to the directors. It allows them to choose when to exercise their options, giving them the opportunity to capitalize on favorable market conditions or wait for the stock's value to increase over time. Furthermore, this plan may have variations or sub-plans, catering to specific director roles or responsibilities within the company. Examples of these variations could include the Houston Texas Nonemployee Director Stock Option Plan for Committee Chairs or the Houston Texas Nonemployee Director Stock Option Plan for Audit Committee Members. These sub-plans may have specific eligibility criteria or additional benefits tailored to the respective director roles. Participating directors under the Houston Texas Nonemployee Director Stock Option Plan benefit from the potential appreciation of U.S. Ban corp's stock, which ultimately aligns their interests with those of the shareholders. The plan encourages directors to contribute their expertise and experience to make strategic decisions that drive the company's growth and enhance shareholder value. In summary, the Houston Texas Nonemployee Director Stock Option Plan of U.S. Ban corp is a compensation program that incentivizes nonemployee directors to serve on the board by providing stock options. This plan aims to attract and retain talented individuals, align their interests with the company's shareholders, and drive long-term value creation for U.S. Ban corp.