Salt Lake Utah Nonemployee Directors Stock Plan of Jacor Communications, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Salt Lake
• 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 Salt Lake Utah Nonemployee Directors Stock Plan (NED Stock Plan) of Jacob Communications, Inc. is a comprehensive program designed to incentivize and reward nonemployee directors for their valuable contributions to the company. This plan enables these directors to acquire and hold shares of Jacob Communications' stock, aligning their interests with those of the company's shareholders and fostering long-term commitment and engagement. Under the NED Stock Plan, nonemployee directors are granted stock options, restricted stock units (RSS), or a combination of both. These grants serve as a form of compensation, encouraging directors to actively participate in strategic decision-making and contribute to the growth and success of the company. The specific type of grant awarded depends on various factors, such as individual performance, experience, and tenure. Stock options give nonemployee directors the right to purchase a specific number of Jacob Communications' shares at a predetermined exercise price within a set timeframe. This option provides directors with the potential to benefit from future stock price appreciation and serves as an incentive to enhance the company's performance. The exercise price is usually set at the market value of the stock on the grant date, ensuring fairness and aligning the interests of the directors with those of the shareholders. On the other hand, RSS are grants that entitle nonemployee directors to receive a specific number of Jacob Communications' shares, typically as they vest over a predetermined period. RSS are generally subject to vesting conditions, such as continued service on the board of directors or the achievement of specified performance goals. Once RSS vest, directors receive the shares equivalent to the grant, providing them with tangible ownership of the company and further aligning their interests with shareholder value creation. The NED Stock Plan acknowledges the crucial role nonemployee directors play in shaping the strategic direction and governance of Jacob Communications. By offering them stock-based compensation, this plan attracts and retains highly qualified and experienced individuals who can contribute effectively to the company's success. In summary, the Salt Lake Utah Nonemployee Directors Stock Plan of Jacob Communications, Inc. includes a combination of stock options and RSS to reward nonemployee directors for their services. This plan ensures that directors have a vested interest in the company's performance, aligning their motivations with those of the shareholders and fostering a culture of ownership and commitment.

The Salt Lake Utah Nonemployee Directors Stock Plan (NED Stock Plan) of Jacob Communications, Inc. is a comprehensive program designed to incentivize and reward nonemployee directors for their valuable contributions to the company. This plan enables these directors to acquire and hold shares of Jacob Communications' stock, aligning their interests with those of the company's shareholders and fostering long-term commitment and engagement. Under the NED Stock Plan, nonemployee directors are granted stock options, restricted stock units (RSS), or a combination of both. These grants serve as a form of compensation, encouraging directors to actively participate in strategic decision-making and contribute to the growth and success of the company. The specific type of grant awarded depends on various factors, such as individual performance, experience, and tenure. Stock options give nonemployee directors the right to purchase a specific number of Jacob Communications' shares at a predetermined exercise price within a set timeframe. This option provides directors with the potential to benefit from future stock price appreciation and serves as an incentive to enhance the company's performance. The exercise price is usually set at the market value of the stock on the grant date, ensuring fairness and aligning the interests of the directors with those of the shareholders. On the other hand, RSS are grants that entitle nonemployee directors to receive a specific number of Jacob Communications' shares, typically as they vest over a predetermined period. RSS are generally subject to vesting conditions, such as continued service on the board of directors or the achievement of specified performance goals. Once RSS vest, directors receive the shares equivalent to the grant, providing them with tangible ownership of the company and further aligning their interests with shareholder value creation. The NED Stock Plan acknowledges the crucial role nonemployee directors play in shaping the strategic direction and governance of Jacob Communications. By offering them stock-based compensation, this plan attracts and retains highly qualified and experienced individuals who can contribute effectively to the company's success. In summary, the Salt Lake Utah Nonemployee Directors Stock Plan of Jacob Communications, Inc. includes a combination of stock options and RSS to reward nonemployee directors for their services. This plan ensures that directors have a vested interest in the company's performance, aligning their motivations with those of the shareholders and fostering a culture of ownership and commitment.