Fairfax Virginia Directors Stock Appreciation Rights Plan of American Annuity Group, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Fairfax
• 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 Fairfax Virginia Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. The Fairfax Virginia Directors Stock Appreciation Rights Plan is a comprehensive compensation program established by American Annuity Group, Inc. for its board of directors based in Fairfax, Virginia. This plan aims to provide directors with an opportunity to share in the company's financial success by granting them stock appreciation rights (SARS). Under this plan, directors are given the right to receive cash payments equal to the appreciation in the value of a specified number of shares over a certain period of time. The SARS are typically granted at the discretion of the Compensation Committee and are subject to specific vesting periods, performance criteria, and other terms and conditions. The stock appreciation rights granted to directors under the Fairfax Virginia Directors Stock Appreciation Rights Plan serve as a form of incentive to align their interests with those of the company and its shareholders. By tying director's compensation to the company's stock performance, it encourages them to make decisions that enhance the long-term value and profitability of American Annuity Group, Inc. This comprehensive compensation package may offer different types of Fairfax Virginia Directors Stock Appreciation Rights Plan, including: 1. Performance-Based SARS: This SARS is granted based on the achievement of specific performance goals or targets. Directors may be eligible for a cash payment or stock options if certain performance criteria, such as revenue growth, earnings per share, or market share, are met. 2. Time-Vested SARS: This SARS become exercisable over a period of time, typically in annual installments. Directors who remain on the board for the vesting period receive the right to exercise their SARS and receive cash payments equivalent to the appreciated stock value. 3. Change of Control SARS: This SARS is triggered in the event of a significant change in the ownership, control, or management of the company, such as a merger or acquisition. Directors may be granted SARS that become immediately exercisable and provide them with additional compensation in recognition of their service during the transitional period. It's important to note that the specific terms, conditions, and types of Fairfax Virginia Directors Stock Appreciation Rights Plan may vary, depending on the company's policies, corporate governance guidelines, and regulatory requirements. Therefore, directors and interested parties should refer to the official plan documentation and consult with legal or financial professionals for precise details about the plan structure and its variations.

Fairfax Virginia Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. The Fairfax Virginia Directors Stock Appreciation Rights Plan is a comprehensive compensation program established by American Annuity Group, Inc. for its board of directors based in Fairfax, Virginia. This plan aims to provide directors with an opportunity to share in the company's financial success by granting them stock appreciation rights (SARS). Under this plan, directors are given the right to receive cash payments equal to the appreciation in the value of a specified number of shares over a certain period of time. The SARS are typically granted at the discretion of the Compensation Committee and are subject to specific vesting periods, performance criteria, and other terms and conditions. The stock appreciation rights granted to directors under the Fairfax Virginia Directors Stock Appreciation Rights Plan serve as a form of incentive to align their interests with those of the company and its shareholders. By tying director's compensation to the company's stock performance, it encourages them to make decisions that enhance the long-term value and profitability of American Annuity Group, Inc. This comprehensive compensation package may offer different types of Fairfax Virginia Directors Stock Appreciation Rights Plan, including: 1. Performance-Based SARS: This SARS is granted based on the achievement of specific performance goals or targets. Directors may be eligible for a cash payment or stock options if certain performance criteria, such as revenue growth, earnings per share, or market share, are met. 2. Time-Vested SARS: This SARS become exercisable over a period of time, typically in annual installments. Directors who remain on the board for the vesting period receive the right to exercise their SARS and receive cash payments equivalent to the appreciated stock value. 3. Change of Control SARS: This SARS is triggered in the event of a significant change in the ownership, control, or management of the company, such as a merger or acquisition. Directors may be granted SARS that become immediately exercisable and provide them with additional compensation in recognition of their service during the transitional period. It's important to note that the specific terms, conditions, and types of Fairfax Virginia Directors Stock Appreciation Rights Plan may vary, depending on the company's policies, corporate governance guidelines, and regulatory requirements. Therefore, directors and interested parties should refer to the official plan documentation and consult with legal or financial professionals for precise details about the plan structure and its variations.