Collin Texas Directors Stock Appreciation Rights Plan of American Annuity Group, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Collin
• Control #: US-CC-18-402C
• Format: Word; Rich Text

Description

18-402C 18-402C . . . Directors Stock Appreciation Rights Plan which provides for automatic grants of 10,000 SARs to each Non-employee director on effective date of Plan and 1,000 additional SARs on each March 1st thereafter. Newly elected Non-employee Directors will be granted 10,000 SARs on date of their election The Collin Texas Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a compensation program designed to reward directors of the company for their contributions and align their interests with the long-term success of the organization. This plan allows participating directors to benefit from the appreciation in the company's stock price over a specified period. Under this plan, eligible directors are granted stock appreciation rights (SARS) that entitle them to receive the excess value between the market price and the exercise price of the company's stock. The exercise price is typically set at the fair market value of the stock on the date of grant. This SARS has a predetermined vesting period, during which the director must remain affiliated with the company to be eligible for exercise. The Collin Texas Directors Stock Appreciation Rights Plan serves multiple purposes, including attracting and retaining highly-qualified directors, motivating them to contribute to the company's growth, and promoting shareholder value creation. By tying a portion of the director's compensation to the company's stock performance, this plan encourages decision-making that aligns with the long-term interests of shareholders. Different types of Collin Texas Directors Stock Appreciation Rights Plans may exist based on the specific terms and conditions outlined by American Annuity Group, Inc. These variations could include different vesting schedules, exercise periods, and performance criteria. However, the general objective remains the same: to provide directors with an opportunity to benefit from the value appreciation of the company's stock. Keywords: Collin Texas, Directors Stock Appreciation Rights Plan, American Annuity Group, Inc., compensation program, directors, stock price, appreciation, long-term success, interests, organization, participating, reward, contributions, align, specified period, eligible, granted, exercise price, fair market value, vesting period, affiliated, attract, retain, highly-qualified, motivate, growth, value creation, shareholders, decision-making, terms, conditions, performance criteria, variations, vesting schedules, exercise period, objective, opportunity.

The Collin Texas Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a compensation program designed to reward directors of the company for their contributions and align their interests with the long-term success of the organization. This plan allows participating directors to benefit from the appreciation in the company's stock price over a specified period. Under this plan, eligible directors are granted stock appreciation rights (SARS) that entitle them to receive the excess value between the market price and the exercise price of the company's stock. The exercise price is typically set at the fair market value of the stock on the date of grant. This SARS has a predetermined vesting period, during which the director must remain affiliated with the company to be eligible for exercise. The Collin Texas Directors Stock Appreciation Rights Plan serves multiple purposes, including attracting and retaining highly-qualified directors, motivating them to contribute to the company's growth, and promoting shareholder value creation. By tying a portion of the director's compensation to the company's stock performance, this plan encourages decision-making that aligns with the long-term interests of shareholders. Different types of Collin Texas Directors Stock Appreciation Rights Plans may exist based on the specific terms and conditions outlined by American Annuity Group, Inc. These variations could include different vesting schedules, exercise periods, and performance criteria. However, the general objective remains the same: to provide directors with an opportunity to benefit from the value appreciation of the company's stock. Keywords: Collin Texas, Directors Stock Appreciation Rights Plan, American Annuity Group, Inc., compensation program, directors, stock price, appreciation, long-term success, interests, organization, participating, reward, contributions, align, specified period, eligible, granted, exercise price, fair market value, vesting period, affiliated, attract, retain, highly-qualified, motivate, growth, value creation, shareholders, decision-making, terms, conditions, performance criteria, variations, vesting schedules, exercise period, objective, opportunity.