Alameda California Nonemployee Directors Stock Plan of Jacor Communications, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Alameda
• Control #: US-CC-18-282A
• Format: Word; Rich Text

Description

18-282A 18-282A . . . Non-employee Director Stock Plan under which Board of Directors can grant (a) Non-qualified Stock Options, (b) Restricted Stock, (c) Stock Appreciation Rights, (d) Performance Units, (e) Performance Shares, and (f) other stock units to Non-employee directors The Alameda California Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a compensation program designed specifically for the nonemployee directors of Jacob Communications, Inc. Based in Alameda, California, this stock plan is aimed at incentivizing and retaining talented individuals on the board of directors who are not directly employed by the company. Under the Alameda California Nonemployee Directors Stock Plan, nonemployee directors are granted stock options or restricted stock units (RSS) as a form of compensation. These equity awards give directors the right to purchase or receive shares of Jacob Communications, Inc. stock at predetermined prices or vesting schedules, respectively. By providing nonemployee directors with stock-based compensation, Jacob Communications, Inc. aligns their interests with those of the shareholders, encouraging them to make decisions that enhance the company's performance and drive long-term value. This stock plan ensures that directors have a financial stake in the success of the company, thereby promoting their active involvement and commitment. The Alameda California Nonemployee Directors Stock Plan may have different types or tiers, such as: 1. Stock Options: These are rights granted to nonemployee directors to purchase a specific number of shares of Jacob Communications, Inc. stock at a predetermined exercise price. Typically, stock options have a specific vesting schedule, meaning directors must wait for a certain period before exercising their options. 2. Restricted Stock Units (RSS): RSS are another form of equity compensation offered to nonemployee directors. RSS represents a promise to deliver shares of Jacob Communications, Inc. stock to directors at a future date. These units usually vest over a specific period or based on certain performance criteria. 3. Performance-Based Stock Awards: In addition to stock options and RSS, the Alameda California Nonemployee Directors Stock Plan may include performance-based stock awards. These awards are contingent upon directors achieving predetermined performance goals, such as financial targets or share price appreciation. By tailoring the Alameda California Nonemployee Directors Stock Plan to various reward structures, Jacob Communications, Inc. can account for different preferences and circumstances of the nonemployee directors. This flexibility allows the company to attract and retain a diverse group of talented individuals who can contribute to the strategic direction and success of Jacob Communications, Inc.

The Alameda California Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a compensation program designed specifically for the nonemployee directors of Jacob Communications, Inc. Based in Alameda, California, this stock plan is aimed at incentivizing and retaining talented individuals on the board of directors who are not directly employed by the company. Under the Alameda California Nonemployee Directors Stock Plan, nonemployee directors are granted stock options or restricted stock units (RSS) as a form of compensation. These equity awards give directors the right to purchase or receive shares of Jacob Communications, Inc. stock at predetermined prices or vesting schedules, respectively. By providing nonemployee directors with stock-based compensation, Jacob Communications, Inc. aligns their interests with those of the shareholders, encouraging them to make decisions that enhance the company's performance and drive long-term value. This stock plan ensures that directors have a financial stake in the success of the company, thereby promoting their active involvement and commitment. The Alameda California Nonemployee Directors Stock Plan may have different types or tiers, such as: 1. Stock Options: These are rights granted to nonemployee directors to purchase a specific number of shares of Jacob Communications, Inc. stock at a predetermined exercise price. Typically, stock options have a specific vesting schedule, meaning directors must wait for a certain period before exercising their options. 2. Restricted Stock Units (RSS): RSS are another form of equity compensation offered to nonemployee directors. RSS represents a promise to deliver shares of Jacob Communications, Inc. stock to directors at a future date. These units usually vest over a specific period or based on certain performance criteria. 3. Performance-Based Stock Awards: In addition to stock options and RSS, the Alameda California Nonemployee Directors Stock Plan may include performance-based stock awards. These awards are contingent upon directors achieving predetermined performance goals, such as financial targets or share price appreciation. By tailoring the Alameda California Nonemployee Directors Stock Plan to various reward structures, Jacob Communications, Inc. can account for different preferences and circumstances of the nonemployee directors. This flexibility allows the company to attract and retain a diverse group of talented individuals who can contribute to the strategic direction and success of Jacob Communications, Inc.