Contra Costa California Nonemployee Directors Stock Plan of Jacor Communications, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Contra Costa
• 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 Contra Costa California Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a stock-based compensation plan designed specifically for nonemployee directors residing in Contra Costa County, California who serve on the board of Jacob Communications, Inc. This plan aims to provide an incentive for nonemployee directors to contribute their expertise and guidance to the company's strategic decisions, while aligning their interests with the long-term success and value creation of the company. Under the Contra Costa California Nonemployee Directors Stock Plan, nonemployee directors of Jacob Communications, Inc. are granted the opportunity to acquire shares of the company's common stock. These shares are typically awarded as part of the director's overall compensation package in recognition of their important role in the governance of the company. By offering stock ownership, the plan encourages nonemployee directors to actively participate in the growth and profitability of Jacob Communications, Inc. Through their ownership stake, nonemployee directors become motivated to make decisions that enhance the company's performance, improve shareholder value, and safeguard the interests of the stockholders. This alignment of interests can strengthen the commitment and dedication of the nonemployee directors to the success of Jacob Communications, Inc. The Contra Costa California Nonemployee Directors Stock Plan may include different types of awards or grants based on specific criteria and conditions. These can include: 1. Stock Options: Nonemployee directors may be granted the right to purchase company shares at a predetermined exercise price, usually referred to as the strike or grant price. Stock options typically have a vesting period, during which the director must meet certain conditions, such as continued service, before exercising their option. 2. Restricted Stock Units (RSS): RSS represent a promise to deliver company shares at a future date, subject to vesting requirements. The director receives the shares upon meeting specific conditions, such as the completion of a predetermined service period or the achievement of certain performance targets. 3. Performance Shares: Performance shares are awarded based on the achievement of predefined performance goals over a specific period. The amount of shares granted is typically linked to the level of goal attainment, providing additional motivation for nonemployee directors to contribute to the company's success. The Contra Costa California Nonemployee Directors Stock Plan is subject to the rules and regulations established by relevant governing bodies, such as the Securities and Exchange Commission (SEC) and other applicable regulatory authorities. It is crucial for Jacob Communications, Inc. to adhere to these regulations to ensure compliance and fairness in the administration of the plan. In summary, the Contra Costa California Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a compensation mechanism designed to reward and motivate nonemployee directors through the issuance of company stock. Through various types of grants, this plan fosters the alignment of their interests with the long-term success of the company, ultimately benefiting both the directors and Jacob Communications, Inc.

The Contra Costa California Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a stock-based compensation plan designed specifically for nonemployee directors residing in Contra Costa County, California who serve on the board of Jacob Communications, Inc. This plan aims to provide an incentive for nonemployee directors to contribute their expertise and guidance to the company's strategic decisions, while aligning their interests with the long-term success and value creation of the company. Under the Contra Costa California Nonemployee Directors Stock Plan, nonemployee directors of Jacob Communications, Inc. are granted the opportunity to acquire shares of the company's common stock. These shares are typically awarded as part of the director's overall compensation package in recognition of their important role in the governance of the company. By offering stock ownership, the plan encourages nonemployee directors to actively participate in the growth and profitability of Jacob Communications, Inc. Through their ownership stake, nonemployee directors become motivated to make decisions that enhance the company's performance, improve shareholder value, and safeguard the interests of the stockholders. This alignment of interests can strengthen the commitment and dedication of the nonemployee directors to the success of Jacob Communications, Inc. The Contra Costa California Nonemployee Directors Stock Plan may include different types of awards or grants based on specific criteria and conditions. These can include: 1. Stock Options: Nonemployee directors may be granted the right to purchase company shares at a predetermined exercise price, usually referred to as the strike or grant price. Stock options typically have a vesting period, during which the director must meet certain conditions, such as continued service, before exercising their option. 2. Restricted Stock Units (RSS): RSS represent a promise to deliver company shares at a future date, subject to vesting requirements. The director receives the shares upon meeting specific conditions, such as the completion of a predetermined service period or the achievement of certain performance targets. 3. Performance Shares: Performance shares are awarded based on the achievement of predefined performance goals over a specific period. The amount of shares granted is typically linked to the level of goal attainment, providing additional motivation for nonemployee directors to contribute to the company's success. The Contra Costa California Nonemployee Directors Stock Plan is subject to the rules and regulations established by relevant governing bodies, such as the Securities and Exchange Commission (SEC) and other applicable regulatory authorities. It is crucial for Jacob Communications, Inc. to adhere to these regulations to ensure compliance and fairness in the administration of the plan. In summary, the Contra Costa California Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a compensation mechanism designed to reward and motivate nonemployee directors through the issuance of company stock. Through various types of grants, this plan fosters the alignment of their interests with the long-term success of the company, ultimately benefiting both the directors and Jacob Communications, Inc.