Sacramento California Nonemployee Directors Stock Plan of Jacor Communications, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Sacramento
• 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 Sacramento California Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a comprehensive compensation program designed specifically for nonemployee directors of the company. This stock plan is aimed at attracting and retaining talented individuals to serve as directors, while aligning their interests with the long-term success of Jacob Communications, Inc. Under the Nonemployee Directors Stock Plan, eligible nonemployee directors are granted stock-based awards as a form of compensation, in addition to their regular board fees. These awards can come in various forms, such as stock options, restricted stock units (RSS), or performance-based stock units (Plus). The plan allows directors to acquire a meaningful ownership stake in the company, fostering a sense of ownership and commitment to its growth and profitability. This stock plan aims to reward directors for their contributions to the company and incentivize them to make decisions that are in the best interest of shareholders. The stock options granted to nonemployee directors provide the opportunity to purchase common shares of Jacob Communications, Inc. at a predetermined price, typically the fair market value on the date of grant. This offers directors potential capital appreciation if the company's stock price increases over time. Restricted stock units (RSS) are another type of award under the plan. RSS represents the right to receive shares of Jacob Communications, Inc. stock at a future date, subject to certain vesting conditions. As the director fulfills these conditions, such as remaining on the board for a specified period of time, the RSS convert into actual shares, providing a direct ownership interest in the company. Performance-based stock units (Plus) are granted to directors based on the achievement of specific performance goals, such as the company's financial targets or operating metrics. If these goals are met, the director receives the designated number of shares determined by the plan's performance criteria. Plus are an effective tool to motivate directors to actively contribute to the company's success and meet established performance targets. The Sacramento California Nonemployee Directors Stock Plan of Jacob Communications, Inc. is governed by specific terms and conditions outlined in the plan document. These include provisions regarding stock option exercise periods, vesting schedules for RSS and Plus, treatment in the event of a change in control of the company, and other administrative matters. In summary, the Sacramento California Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a comprehensive compensation program designed to attract, retain, and incentivize nonemployee directors through the granting of stock-based awards. By aligning the interests of directors with those of shareholders, this plan aims to foster a commitment to the long-term success of Jacob Communications, Inc.

The Sacramento California Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a comprehensive compensation program designed specifically for nonemployee directors of the company. This stock plan is aimed at attracting and retaining talented individuals to serve as directors, while aligning their interests with the long-term success of Jacob Communications, Inc. Under the Nonemployee Directors Stock Plan, eligible nonemployee directors are granted stock-based awards as a form of compensation, in addition to their regular board fees. These awards can come in various forms, such as stock options, restricted stock units (RSS), or performance-based stock units (Plus). The plan allows directors to acquire a meaningful ownership stake in the company, fostering a sense of ownership and commitment to its growth and profitability. This stock plan aims to reward directors for their contributions to the company and incentivize them to make decisions that are in the best interest of shareholders. The stock options granted to nonemployee directors provide the opportunity to purchase common shares of Jacob Communications, Inc. at a predetermined price, typically the fair market value on the date of grant. This offers directors potential capital appreciation if the company's stock price increases over time. Restricted stock units (RSS) are another type of award under the plan. RSS represents the right to receive shares of Jacob Communications, Inc. stock at a future date, subject to certain vesting conditions. As the director fulfills these conditions, such as remaining on the board for a specified period of time, the RSS convert into actual shares, providing a direct ownership interest in the company. Performance-based stock units (Plus) are granted to directors based on the achievement of specific performance goals, such as the company's financial targets or operating metrics. If these goals are met, the director receives the designated number of shares determined by the plan's performance criteria. Plus are an effective tool to motivate directors to actively contribute to the company's success and meet established performance targets. The Sacramento California Nonemployee Directors Stock Plan of Jacob Communications, Inc. is governed by specific terms and conditions outlined in the plan document. These include provisions regarding stock option exercise periods, vesting schedules for RSS and Plus, treatment in the event of a change in control of the company, and other administrative matters. In summary, the Sacramento California Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a comprehensive compensation program designed to attract, retain, and incentivize nonemployee directors through the granting of stock-based awards. By aligning the interests of directors with those of shareholders, this plan aims to foster a commitment to the long-term success of Jacob Communications, Inc.