Kings New York Directors Stock Appreciation Rights Plan of American Annuity Group, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Kings
• 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 Kings New York Directors Stock Appreciation Rights Plan is a key component of the American Annuity Group, Inc.'s compensation package for its directors based in New York. This plan allows the directors to receive appreciation in the company's stock value without having to actually purchase the stock. The Kings New York Directors Stock Appreciation Rights Plan provides the directors with the opportunity to benefit from any increase in American Annuity Group, Inc.'s stock price over a specified period of time. Instead of receiving actual stock shares, the directors are granted stock appreciation rights (SARS), which are the right to receive the appreciation in the company's stock value. Under this plan, the directors are typically granted a certain number of SARS that are subject to vesting requirements. Vesting is usually based on the director's continued service with the company over a predetermined period. Once the SARS have vested, the directors have the right to exercise them and receive the appreciation in the stock's value. The Kings New York Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. offers directors an attractive incentive to align their interests with the company's shareholders. By tying the value of their compensation directly to the company's stock performance, directors have an increased motivation to drive the company's success and enhance shareholder value. It is important to note that there may be different variations or types of the Kings New York Directors Stock Appreciation Rights Plan within American Annuity Group, Inc., tailored to specific director roles or levels of responsibility. These variations may include different vesting schedules, exercise periods, or other conditions that align with the individual director's contributions to the company. In summary, the Kings New York Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a compensation plan that grants directors the right to receive the appreciation in the company's stock value over time. This aligns the interests of directors with the company and its shareholders, fostering a collective drive for success and shareholder value creation.

The Kings New York Directors Stock Appreciation Rights Plan is a key component of the American Annuity Group, Inc.'s compensation package for its directors based in New York. This plan allows the directors to receive appreciation in the company's stock value without having to actually purchase the stock. The Kings New York Directors Stock Appreciation Rights Plan provides the directors with the opportunity to benefit from any increase in American Annuity Group, Inc.'s stock price over a specified period of time. Instead of receiving actual stock shares, the directors are granted stock appreciation rights (SARS), which are the right to receive the appreciation in the company's stock value. Under this plan, the directors are typically granted a certain number of SARS that are subject to vesting requirements. Vesting is usually based on the director's continued service with the company over a predetermined period. Once the SARS have vested, the directors have the right to exercise them and receive the appreciation in the stock's value. The Kings New York Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. offers directors an attractive incentive to align their interests with the company's shareholders. By tying the value of their compensation directly to the company's stock performance, directors have an increased motivation to drive the company's success and enhance shareholder value. It is important to note that there may be different variations or types of the Kings New York Directors Stock Appreciation Rights Plan within American Annuity Group, Inc., tailored to specific director roles or levels of responsibility. These variations may include different vesting schedules, exercise periods, or other conditions that align with the individual director's contributions to the company. In summary, the Kings New York Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a compensation plan that grants directors the right to receive the appreciation in the company's stock value over time. This aligns the interests of directors with the company and its shareholders, fostering a collective drive for success and shareholder value creation.