Maricopa Arizona Nonemployee Director Stock Option Plan of U.S. Bancorp

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Maricopa
• 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 Maricopa Arizona Nonemployee Director Stock Option Plan is a compensation program offered by U.S. Ban corp, one of the largest commercial banks in the United States. This plan specifically caters to nonemployee directors of the company who provide valuable guidance and oversight in the company's decision-making processes. Under this plan, nonemployee directors are granted stock options as a form of incentive and compensation. These stock options give the directors the right to purchase a specified number of U.S. Ban corp common shares at a predetermined price, typically referred to as the exercise price. The exercise price is determined based on the fair market value of the shares on the grant date. By providing nonemployee directors with stock options, U.S. Ban corp aims to align their interests with those of its shareholders. This incentivizes directors to actively participate in the company's growth and success, as an increase in the company's stock price would directly benefit both shareholders and the directors holding stock options. Additionally, the Maricopa Arizona Nonemployee Director Stock Option Plan promotes loyalty and long-term commitment among the directors. These stock options typically vest over a period of time, creating an incentive for directors to remain connected to the company and contribute to its long-term strategy and performance. It's important to note that while this description outlines the general aspects of the Maricopa Arizona Nonemployee Director Stock Option Plan, there may be variations or different types of plans specific to U.S. Ban corp. These plans may differ in terms of vesting periods, exercise prices, or other specific conditions. It is advisable to refer to the official documents and agreements provided by U.S. Ban corp for a comprehensive understanding of the plan and its particular variations.

The Maricopa Arizona Nonemployee Director Stock Option Plan is a compensation program offered by U.S. Ban corp, one of the largest commercial banks in the United States. This plan specifically caters to nonemployee directors of the company who provide valuable guidance and oversight in the company's decision-making processes. Under this plan, nonemployee directors are granted stock options as a form of incentive and compensation. These stock options give the directors the right to purchase a specified number of U.S. Ban corp common shares at a predetermined price, typically referred to as the exercise price. The exercise price is determined based on the fair market value of the shares on the grant date. By providing nonemployee directors with stock options, U.S. Ban corp aims to align their interests with those of its shareholders. This incentivizes directors to actively participate in the company's growth and success, as an increase in the company's stock price would directly benefit both shareholders and the directors holding stock options. Additionally, the Maricopa Arizona Nonemployee Director Stock Option Plan promotes loyalty and long-term commitment among the directors. These stock options typically vest over a period of time, creating an incentive for directors to remain connected to the company and contribute to its long-term strategy and performance. It's important to note that while this description outlines the general aspects of the Maricopa Arizona Nonemployee Director Stock Option Plan, there may be variations or different types of plans specific to U.S. Ban corp. These plans may differ in terms of vesting periods, exercise prices, or other specific conditions. It is advisable to refer to the official documents and agreements provided by U.S. Ban corp for a comprehensive understanding of the plan and its particular variations.