Santa Clara California Nonemployee Directors Stock Plan of Jacor Communications, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Santa Clara
• 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 Santa Clara California Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a comprehensive stock compensation program designed specifically for nonemployee directors of Jacob Communications, Inc. This plan aims to attract and retain highly qualified individuals who can contribute their expertise and skills to the company's growth and success. Under the Santa Clara California Nonemployee Directors Stock Plan, Jacob Communications, Inc. provides nonemployee directors with the opportunity to acquire and own company stock as a part of their compensation package. This stock ownership encourages nonemployee directors to align their interests with the long-term success of the company and fosters a sense of ownership and commitment. The program offers various types of stock grants and awards to nonemployee directors, designed to meet their diverse needs and preferences. These may include: 1. Stock Option Grants: Nonemployee directors can be granted stock options, which give them the right to buy a specific number of shares at a predetermined price (the exercise price) within a specified time frame. This allows directors to benefit from the company's stock price appreciation over time. 2. Restricted Stock Units (RSS): RSS represent a promise to deliver shares of company stock to nonemployee directors in the future, subject to certain conditions being met. Typically, RSS vest over a specific period or based on the achievement of performance goals. 3. Performance Stock Units (Plus): Plus are similar to RSS but are tied to the attainment of specified performance targets, such as financial metrics or shareholder return goals. If the performance goals are met, nonemployee directors receive shares of company stock. The Santa Clara California Nonemployee Directors Stock Plan of Jacob Communications, Inc. ensures that the stock grants and awards are administered in a fair and equitable manner. The plan outlines clear guidelines for granting stock and considerations taken into account, such as director qualifications, past performance, and contribution to the company's success. Overall, the Santa Clara California Nonemployee Directors Stock Plan of Jacob Communications, Inc. serves as a powerful tool to attract, reward, and retain top talent on the company's board of directors. By providing an opportunity for nonemployee directors to own a stake in the company's success, Jacob Communications, Inc. is able to foster a strong sense of loyalty and engagement among its board members.

The Santa Clara California Nonemployee Directors Stock Plan of Jacob Communications, Inc. is a comprehensive stock compensation program designed specifically for nonemployee directors of Jacob Communications, Inc. This plan aims to attract and retain highly qualified individuals who can contribute their expertise and skills to the company's growth and success. Under the Santa Clara California Nonemployee Directors Stock Plan, Jacob Communications, Inc. provides nonemployee directors with the opportunity to acquire and own company stock as a part of their compensation package. This stock ownership encourages nonemployee directors to align their interests with the long-term success of the company and fosters a sense of ownership and commitment. The program offers various types of stock grants and awards to nonemployee directors, designed to meet their diverse needs and preferences. These may include: 1. Stock Option Grants: Nonemployee directors can be granted stock options, which give them the right to buy a specific number of shares at a predetermined price (the exercise price) within a specified time frame. This allows directors to benefit from the company's stock price appreciation over time. 2. Restricted Stock Units (RSS): RSS represent a promise to deliver shares of company stock to nonemployee directors in the future, subject to certain conditions being met. Typically, RSS vest over a specific period or based on the achievement of performance goals. 3. Performance Stock Units (Plus): Plus are similar to RSS but are tied to the attainment of specified performance targets, such as financial metrics or shareholder return goals. If the performance goals are met, nonemployee directors receive shares of company stock. The Santa Clara California Nonemployee Directors Stock Plan of Jacob Communications, Inc. ensures that the stock grants and awards are administered in a fair and equitable manner. The plan outlines clear guidelines for granting stock and considerations taken into account, such as director qualifications, past performance, and contribution to the company's success. Overall, the Santa Clara California Nonemployee Directors Stock Plan of Jacob Communications, Inc. serves as a powerful tool to attract, reward, and retain top talent on the company's board of directors. By providing an opportunity for nonemployee directors to own a stake in the company's success, Jacob Communications, Inc. is able to foster a strong sense of loyalty and engagement among its board members.