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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Pima
• 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 Lima Arizona Nonemployee Director Stock Option Plan is a compensation program offered by U.S. Ban corp specifically designed for nonemployee directors serving the company. This plan provides eligible directors with stock options as a means of incentivizing and aligning their interests with the company's long-term growth and shareholder value. Under the Lima Arizona Nonemployee Director Stock Option Plan, nonemployee directors are granted the opportunity to purchase shares of U.S. Ban corp's common stock at a predetermined price, known as the grant price or exercise price. These stock options typically have a vesting period, meaning that directors can exercise their options to buy shares after a certain period of service. The plan offers different types of stock options to nonemployee directors, including Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). SOS are eligible for certain tax advantages if held for a specified duration and meeting certain requirements, while SOS do not qualify for preferential tax treatment. The Lima Arizona Nonemployee Director Stock Option Plan serves as a key component of U.S. Ban corp's overall compensation package for nonemployee directors. It aims to attract and retain talented individuals with valuable expertise and experience in various industries, providing them with a financial stake in the company's success. By offering stock options, U.S. Ban corp ensures that its nonemployee directors have a direct stake in the company's performance and are motivated to make decisions that contribute to its growth and profitability. This aligns their interests with those of the shareholders and encourages them to actively participate in strategic decision-making. Overall, the Lima Arizona Nonemployee Director Stock Option Plan of U.S. Ban corp provides an effective compensation mechanism to attract and retain skilled nonemployee directors, fostering long-term growth and enhancing shareholder value through their active involvement in the company.

The Lima Arizona Nonemployee Director Stock Option Plan is a compensation program offered by U.S. Ban corp specifically designed for nonemployee directors serving the company. This plan provides eligible directors with stock options as a means of incentivizing and aligning their interests with the company's long-term growth and shareholder value. Under the Lima Arizona Nonemployee Director Stock Option Plan, nonemployee directors are granted the opportunity to purchase shares of U.S. Ban corp's common stock at a predetermined price, known as the grant price or exercise price. These stock options typically have a vesting period, meaning that directors can exercise their options to buy shares after a certain period of service. The plan offers different types of stock options to nonemployee directors, including Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). SOS are eligible for certain tax advantages if held for a specified duration and meeting certain requirements, while SOS do not qualify for preferential tax treatment. The Lima Arizona Nonemployee Director Stock Option Plan serves as a key component of U.S. Ban corp's overall compensation package for nonemployee directors. It aims to attract and retain talented individuals with valuable expertise and experience in various industries, providing them with a financial stake in the company's success. By offering stock options, U.S. Ban corp ensures that its nonemployee directors have a direct stake in the company's performance and are motivated to make decisions that contribute to its growth and profitability. This aligns their interests with those of the shareholders and encourages them to actively participate in strategic decision-making. Overall, the Lima Arizona Nonemployee Director Stock Option Plan of U.S. Ban corp provides an effective compensation mechanism to attract and retain skilled nonemployee directors, fostering long-term growth and enhancing shareholder value through their active involvement in the company.