Hennepin Minnesota Nonemployee Directors Stock Plan of Jacor Communications, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Hennepin
• 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 Hennepin Minnesota Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a compensation program designed specifically for nonemployee directors affiliated with the company. This stock plan allows these directors to receive stock-based awards as part of their overall compensation package, aligning their interests with the long-term success and growth of Jacob Communications. Under the Hennepin Minnesota Nonemployee Directors Stock Plan, directors are granted shares of Jacob Communications' stock, which they may either retain or sell in the future. This creates an additional incentive for directors to contribute their expertise and guidance to the company, as their personal financial gains are directly tied to the company's performance. There may be several types or categories within the Hennepin Minnesota Nonemployee Directors Stock Plan, based on different criteria or purpose. These could include: 1. Initial Stock Grants: This category includes the stock grants that nonemployee directors receive when they initially join Jacob Communications' board. These grants serve as a welcome and incentive for their participation and commitment to the success of the company. 2. Annual Stock Awards: These are regular stock grants awarded to nonemployee directors on an annual basis. The amount of shares granted may depend on various factors, such as the director's tenure or overall board performance. 3. Performance-Based Stock Awards: In addition to the regular stock grants, directors may also have the opportunity to earn additional stock awards based on predefined performance targets. These targets could be linked to specific financial milestones, strategic goals, or improvements in shareholder value. 4. Stock Options: Another type of award within the Hennepin Minnesota Nonemployee Directors Stock Plan may be stock options. Stock options grant directors the right to purchase shares of Jacob Communications' stock at a predetermined price within a specified timeframe. This provides directors with the potential to benefit from future stock price appreciation. It is important to note that the specific details and variations of the Hennepin Minnesota Nonemployee Directors Stock Plan of Jacob Communications, Inc. may be subject to change and could differ from what is described here. It is advisable for individuals interested in this plan to refer to the official plan documents or consult with authorized representatives for accurate and up-to-date information.

The Hennepin Minnesota Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a compensation program designed specifically for nonemployee directors affiliated with the company. This stock plan allows these directors to receive stock-based awards as part of their overall compensation package, aligning their interests with the long-term success and growth of Jacob Communications. Under the Hennepin Minnesota Nonemployee Directors Stock Plan, directors are granted shares of Jacob Communications' stock, which they may either retain or sell in the future. This creates an additional incentive for directors to contribute their expertise and guidance to the company, as their personal financial gains are directly tied to the company's performance. There may be several types or categories within the Hennepin Minnesota Nonemployee Directors Stock Plan, based on different criteria or purpose. These could include: 1. Initial Stock Grants: This category includes the stock grants that nonemployee directors receive when they initially join Jacob Communications' board. These grants serve as a welcome and incentive for their participation and commitment to the success of the company. 2. Annual Stock Awards: These are regular stock grants awarded to nonemployee directors on an annual basis. The amount of shares granted may depend on various factors, such as the director's tenure or overall board performance. 3. Performance-Based Stock Awards: In addition to the regular stock grants, directors may also have the opportunity to earn additional stock awards based on predefined performance targets. These targets could be linked to specific financial milestones, strategic goals, or improvements in shareholder value. 4. Stock Options: Another type of award within the Hennepin Minnesota Nonemployee Directors Stock Plan may be stock options. Stock options grant directors the right to purchase shares of Jacob Communications' stock at a predetermined price within a specified timeframe. This provides directors with the potential to benefit from future stock price appreciation. It is important to note that the specific details and variations of the Hennepin Minnesota Nonemployee Directors Stock Plan of Jacob Communications, Inc. may be subject to change and could differ from what is described here. It is advisable for individuals interested in this plan to refer to the official plan documents or consult with authorized representatives for accurate and up-to-date information.