Collin Texas Nonemployee Directors Stock Plan of Jacor Communications, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Collin
• 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 Collin Texas Nonemployee Directors Stock Plan is a compensation program specifically designed for nonemployee directors of Jacob Communications, Inc., a prominent company based in Collin, Texas. This stock plan is an essential component of Jacob's corporate governance and is tailored to attract, motivate, and retain highly qualified directors. Under the Collin Texas Nonemployee Directors Stock Plan, nonemployee directors of Jacob Communications are granted stock awards as a form of compensation. These stock awards give directors the right to purchase company shares at a specified price over a defined period. The purpose of this program is to align the interests of the directors with those of the shareholders, thus fostering a sense of ownership and commitment in the boardroom. There are different types of stock awards offered within the Collin Texas Nonemployee Directors Stock Plan. These include: 1. Restricted Stock Units (RSS): Nonemployee directors may receive RSS, which represent the right to receive a predetermined number of company shares at a future date. RSS are typically subject to vesting conditions, such as the director's continued service on the board for a specific period. Once vested, the director can choose to retain the shares or sell them. 2. Stock Options: Stock options grant nonemployee directors the right to purchase a specific number of company shares at a predetermined exercise price, within a designated timeframe. These options usually have vesting requirements, ensuring that directors remain committed to the company's long-term success. Directors can exercise their options when they believe it is financially favorable. 3. Performance-Based Stock Awards: In addition to RSS and stock options, the Collin Texas Nonemployee Directors Stock Plan may also include performance-based stock awards. These awards are contingent upon the achievement of specific performance goals, such as financial targets or operational milestones. If the predefined goals are met, the director becomes eligible to receive a certain number of shares. Overall, the Collin Texas Nonemployee Directors Stock Plan of Jacob Communications, Inc. serves as a crucial mechanism for attracting and retaining talented nonemployee directors who contribute their expertise and guidance to the company's strategic decisions. This compensation program enables directors to become more vested in the long-term success of Jacob, aligning their interests with those of shareholders and fostering a strong corporate governance culture.

The Collin Texas Nonemployee Directors Stock Plan is a compensation program specifically designed for nonemployee directors of Jacob Communications, Inc., a prominent company based in Collin, Texas. This stock plan is an essential component of Jacob's corporate governance and is tailored to attract, motivate, and retain highly qualified directors. Under the Collin Texas Nonemployee Directors Stock Plan, nonemployee directors of Jacob Communications are granted stock awards as a form of compensation. These stock awards give directors the right to purchase company shares at a specified price over a defined period. The purpose of this program is to align the interests of the directors with those of the shareholders, thus fostering a sense of ownership and commitment in the boardroom. There are different types of stock awards offered within the Collin Texas Nonemployee Directors Stock Plan. These include: 1. Restricted Stock Units (RSS): Nonemployee directors may receive RSS, which represent the right to receive a predetermined number of company shares at a future date. RSS are typically subject to vesting conditions, such as the director's continued service on the board for a specific period. Once vested, the director can choose to retain the shares or sell them. 2. Stock Options: Stock options grant nonemployee directors the right to purchase a specific number of company shares at a predetermined exercise price, within a designated timeframe. These options usually have vesting requirements, ensuring that directors remain committed to the company's long-term success. Directors can exercise their options when they believe it is financially favorable. 3. Performance-Based Stock Awards: In addition to RSS and stock options, the Collin Texas Nonemployee Directors Stock Plan may also include performance-based stock awards. These awards are contingent upon the achievement of specific performance goals, such as financial targets or operational milestones. If the predefined goals are met, the director becomes eligible to receive a certain number of shares. Overall, the Collin Texas Nonemployee Directors Stock Plan of Jacob Communications, Inc. serves as a crucial mechanism for attracting and retaining talented nonemployee directors who contribute their expertise and guidance to the company's strategic decisions. This compensation program enables directors to become more vested in the long-term success of Jacob, aligning their interests with those of shareholders and fostering a strong corporate governance culture.