Cook Illinois Nonemployee Directors Stock Plan of Jacor Communications, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Cook
• 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 Cook Illinois Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a compensation program providing eligible nonemployee directors of Jacob Communications with an opportunity to acquire and own the company's stock. Under the Cook Illinois Nonemployee Directors Stock Plan, Jacob Communications offers three key types of stock-based compensation for nonemployee directors: 1. Stock Options: Nonemployee directors may be granted stock options, which give them the right to purchase a specific number of shares of Jacob Communications stock at a predetermined price, known as the exercise price. These stock options typically have a vesting period, during which the nonemployee director must fulfill certain requirements, such as serving on the board for a specified period of time, before they can exercise their options. 2. Restricted Stock Units (RSS): The Cook Illinois Nonemployee Directors Stock Plan may also provide for the awarding of RSS. RSS represents a future right to receive a certain number of shares of Jacob Communications stock once certain conditions are met, such as the passage of a specific period of time or the achievement of performance goals. 3. Stock Appreciation Rights (SARS): SARS are another type of equity incentive that Jacob Communications may grant under the Cook Illinois Nonemployee Directors Stock Plan. SARS provide nonemployee directors with the opportunity to receive cash or stock equal to the appreciation in the company's stock value over a predetermined period of time. The value of the SARS will depend on the stock price at the time of exercise. Participation in the Cook Illinois Nonemployee Directors Stock Plan is typically limited to nonemployee directors of Jacob Communications and is subject to certain eligibility criteria, such as serving on the board of directors for a specified minimum period, being independent of the company, and meeting other regulatory requirements. It's important to note that the specific terms and conditions of the Cook Illinois Nonemployee Directors Stock Plan may vary and are outlined in the plan document provided by Jacob Communications. Nonemployee directors participating in the plan should refer to the plan document for detailed information on eligibility, grant date, vesting schedule, exercise periods, and other important provisions.

The Cook Illinois Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a compensation program providing eligible nonemployee directors of Jacob Communications with an opportunity to acquire and own the company's stock. Under the Cook Illinois Nonemployee Directors Stock Plan, Jacob Communications offers three key types of stock-based compensation for nonemployee directors: 1. Stock Options: Nonemployee directors may be granted stock options, which give them the right to purchase a specific number of shares of Jacob Communications stock at a predetermined price, known as the exercise price. These stock options typically have a vesting period, during which the nonemployee director must fulfill certain requirements, such as serving on the board for a specified period of time, before they can exercise their options. 2. Restricted Stock Units (RSS): The Cook Illinois Nonemployee Directors Stock Plan may also provide for the awarding of RSS. RSS represents a future right to receive a certain number of shares of Jacob Communications stock once certain conditions are met, such as the passage of a specific period of time or the achievement of performance goals. 3. Stock Appreciation Rights (SARS): SARS are another type of equity incentive that Jacob Communications may grant under the Cook Illinois Nonemployee Directors Stock Plan. SARS provide nonemployee directors with the opportunity to receive cash or stock equal to the appreciation in the company's stock value over a predetermined period of time. The value of the SARS will depend on the stock price at the time of exercise. Participation in the Cook Illinois Nonemployee Directors Stock Plan is typically limited to nonemployee directors of Jacob Communications and is subject to certain eligibility criteria, such as serving on the board of directors for a specified minimum period, being independent of the company, and meeting other regulatory requirements. It's important to note that the specific terms and conditions of the Cook Illinois Nonemployee Directors Stock Plan may vary and are outlined in the plan document provided by Jacob Communications. Nonemployee directors participating in the plan should refer to the plan document for detailed information on eligibility, grant date, vesting schedule, exercise periods, and other important provisions.