Suffolk New York Nonemployee Directors Stock Plan of Jacor Communications, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Suffolk
• 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 Suffolk New York Nonemployee Directors Stock Plan is an integral part of Jacob Communications, Inc., a prominent media company based in Suffolk County, New York. This comprehensive plan aims to provide an incentive for non-employee directors to contribute their expertise, guidance, and commitment to Jacob Communications by offering them an opportunity to acquire company stock. Through the Suffolk New York Nonemployee Directors Stock Plan, participating directors are offered various stock options, allowing them to purchase shares of Jacob Communications at specified prices over a designated period. This plan aligns the interests of the directors with the long-term success and growth of the company, motivating them to make decisions that positively impact shareholder value. There are several types of stock options that directors may be granted under the Suffolk New York Nonemployee Directors Stock Plan. Some of the most common options include: 1. Nonqualified Stock Options (SOS): SOS provide directors with the right to purchase Jacob Communications' stock at a predetermined price, known as the exercise price, over a specific period. These options do not qualify for special tax treatment and are typically subject to certain vesting requirements. 2. Restricted Stock Units (RSS): RSS represent the right to receive a specific number of shares of Jacob Communications' stock in the future, typically upon the satisfaction of certain conditions or the passage of a specific time period. RSS may vest over time or upon the achievement of predetermined performance goals. 3. Performance Stock Units (Plus): Plus are similar to RSS, but their vesting is contingent upon the achievement of specific performance objectives outlined by Jacob Communications. These objectives may include financial performance milestones, market share targets, or other key metrics that reflect the company's overall success. The Suffolk New York Nonemployee Directors Stock Plan serves as a vital tool for Jacob Communications to attract and retain experienced, talented individuals to its board of directors. By offering stock-related incentives, the company aims to foster a sense of ownership and accountability among its non-employee directors, ultimately enhancing corporate governance and shareholder value. The plan's details, including the specific types of options granted, vesting schedules, exercise prices, and other terms and conditions, are outlined in a formal document provided to participating directors. This document serves as a comprehensive guide, ensuring transparency and clarity regarding the benefits and responsibilities associated with the Suffolk New York Nonemployee Directors Stock Plan.

The Suffolk New York Nonemployee Directors Stock Plan is an integral part of Jacob Communications, Inc., a prominent media company based in Suffolk County, New York. This comprehensive plan aims to provide an incentive for non-employee directors to contribute their expertise, guidance, and commitment to Jacob Communications by offering them an opportunity to acquire company stock. Through the Suffolk New York Nonemployee Directors Stock Plan, participating directors are offered various stock options, allowing them to purchase shares of Jacob Communications at specified prices over a designated period. This plan aligns the interests of the directors with the long-term success and growth of the company, motivating them to make decisions that positively impact shareholder value. There are several types of stock options that directors may be granted under the Suffolk New York Nonemployee Directors Stock Plan. Some of the most common options include: 1. Nonqualified Stock Options (SOS): SOS provide directors with the right to purchase Jacob Communications' stock at a predetermined price, known as the exercise price, over a specific period. These options do not qualify for special tax treatment and are typically subject to certain vesting requirements. 2. Restricted Stock Units (RSS): RSS represent the right to receive a specific number of shares of Jacob Communications' stock in the future, typically upon the satisfaction of certain conditions or the passage of a specific time period. RSS may vest over time or upon the achievement of predetermined performance goals. 3. Performance Stock Units (Plus): Plus are similar to RSS, but their vesting is contingent upon the achievement of specific performance objectives outlined by Jacob Communications. These objectives may include financial performance milestones, market share targets, or other key metrics that reflect the company's overall success. The Suffolk New York Nonemployee Directors Stock Plan serves as a vital tool for Jacob Communications to attract and retain experienced, talented individuals to its board of directors. By offering stock-related incentives, the company aims to foster a sense of ownership and accountability among its non-employee directors, ultimately enhancing corporate governance and shareholder value. The plan's details, including the specific types of options granted, vesting schedules, exercise prices, and other terms and conditions, are outlined in a formal document provided to participating directors. This document serves as a comprehensive guide, ensuring transparency and clarity regarding the benefits and responsibilities associated with the Suffolk New York Nonemployee Directors Stock Plan.