Cuyahoga Ohio Nonemployee Directors Stock Plan of Jacor Communications, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Cuyahoga
• 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 Cuyahoga Ohio Nonemployee Directors Stock Plan is an equity compensation program established by Jacob Communications, Inc., a communications company based in Cuyahoga County, Ohio. This plan is designed specifically for non-employee directors of the company, aiming to retain and incentivize their participation in driving the company's growth and success. Through the Cuyahoga Ohio Nonemployee Directors Stock Plan, eligible non-employee directors are granted stock-based awards, such as stock options or restricted stock units (RSS). These awards are intended to align the interests of the directors with those of the company's shareholders, as they provide the directors with an opportunity to acquire or receive shares of Jacob Communications' common stock. By offering these stock-based awards, Jacob Communications encourages non-employee directors to contribute to the company's long-term objectives and value creation. It allows them to share in the potential success and financial growth of the company, fostering a sense of ownership and accountability. The Cuyahoga Ohio Nonemployee Directors Stock Plan includes various provisions to ensure fairness and effectiveness. It outlines the eligibility criteria, vesting schedules, exercise or settlement prices, and other terms and conditions for the stock awards. These details may vary depending on the specific type of award granted, such as stock options or RSS. Stock options under the plan provide non-employee directors with the right to purchase a specified number of shares at a predetermined exercise price. The exercise price is typically set at the fair market value of the stock on the grant date. Stock options often have a specified period, also known as the exercise period, during which the director can exercise the options. Restricted stock units, another type of award under the plan, grant eligible directors the right to receive shares of Jacob Communications' common stock upon vesting. Vesting is a process by which the director becomes entitled to the shares over a specified period or upon achieving certain performance goals. It is important to note that the exact provisions and types of awards under the Cuyahoga Ohio Nonemployee Directors Stock Plan may be subject to change or modification over time. Jacob Communications, Inc. keeps discretion over the administration and interpretation of the plan, ensuring compliance with relevant laws and regulations. Overall, the Cuyahoga Ohio Nonemployee Directors Stock Plan of Jacob Communications, Inc. is designed to align the interests of non-employee directors with the company's shareholders by offering stock-based awards. These awards provide directors with a sense of ownership, incentivize their contributions, and foster their long-term commitment to Jacob Communications' success.

The Cuyahoga Ohio Nonemployee Directors Stock Plan is an equity compensation program established by Jacob Communications, Inc., a communications company based in Cuyahoga County, Ohio. This plan is designed specifically for non-employee directors of the company, aiming to retain and incentivize their participation in driving the company's growth and success. Through the Cuyahoga Ohio Nonemployee Directors Stock Plan, eligible non-employee directors are granted stock-based awards, such as stock options or restricted stock units (RSS). These awards are intended to align the interests of the directors with those of the company's shareholders, as they provide the directors with an opportunity to acquire or receive shares of Jacob Communications' common stock. By offering these stock-based awards, Jacob Communications encourages non-employee directors to contribute to the company's long-term objectives and value creation. It allows them to share in the potential success and financial growth of the company, fostering a sense of ownership and accountability. The Cuyahoga Ohio Nonemployee Directors Stock Plan includes various provisions to ensure fairness and effectiveness. It outlines the eligibility criteria, vesting schedules, exercise or settlement prices, and other terms and conditions for the stock awards. These details may vary depending on the specific type of award granted, such as stock options or RSS. Stock options under the plan provide non-employee directors with the right to purchase a specified number of shares at a predetermined exercise price. The exercise price is typically set at the fair market value of the stock on the grant date. Stock options often have a specified period, also known as the exercise period, during which the director can exercise the options. Restricted stock units, another type of award under the plan, grant eligible directors the right to receive shares of Jacob Communications' common stock upon vesting. Vesting is a process by which the director becomes entitled to the shares over a specified period or upon achieving certain performance goals. It is important to note that the exact provisions and types of awards under the Cuyahoga Ohio Nonemployee Directors Stock Plan may be subject to change or modification over time. Jacob Communications, Inc. keeps discretion over the administration and interpretation of the plan, ensuring compliance with relevant laws and regulations. Overall, the Cuyahoga Ohio Nonemployee Directors Stock Plan of Jacob Communications, Inc. is designed to align the interests of non-employee directors with the company's shareholders by offering stock-based awards. These awards provide directors with a sense of ownership, incentivize their contributions, and foster their long-term commitment to Jacob Communications' success.