Mecklenburg North Carolina Directors Stock Appreciation Rights Plan of American Annuity Group, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Mecklenburg
• 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 Mecklenburg North Carolina Directors Stock Appreciation Rights Plan is a compensation program offered by American Annuity Group, Inc. to its directors based in Mecklenburg County, North Carolina. This plan allows eligible directors to benefit from stock appreciation, enabling them to share in the financial success of the company. The Mecklenburg North Carolina Directors Stock Appreciation Rights Plan is designed to motivate and retain talented directors by providing them with an opportunity to participate in the growth of the company's stock value. The plan grants directors the right to receive a cash payment equal to the appreciation in the company's stock over a specified period. This compensation plan aims to align the interests of directors with those of the shareholders, encouraging the board members to make decisions that positively impact the financial well-being of the organization. These plans typically include vesting periods, which means the directors need to wait for a predetermined period before exercising their stock appreciation rights. The Mecklenburg North Carolina Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. may have various types or variations, some of which include: 1. Performance-based Stock Appreciation Rights Plan: In this type of plan, the directors' stock appreciation rights are tied to specific performance metrics or goals. These goals can be related to the company's financial performance, market share, or other key performance indicators. If the company achieves or exceeds these goals, the directors receive a higher payout. 2. Time-based Stock Appreciation Rights Plan: This plan grants directors the right to receive a cash payment equal to the appreciation in the company's stock over a specific period, regardless of the company's performance. Directors receive the payout after the vesting period expires, regardless of any specific performance metrics. 3. Non-Qualified Stock Appreciation Rights Plan: This type of plan is not subject to the rules outlined in the U.S. Internal Revenue Code's qualified plan requirements. Non-qualified plans provide more flexibility to the company in terms of eligibility, vesting, and payout calculations. 4. Restricted Stock Appreciation Rights Plan: This plan grants directors stock appreciation rights for a specific number of restricted shares. The rights become exercisable once the restricted shares meet certain conditions or milestones, such as reaching a specific share price or the completion of a specified period. Overall, the Mecklenburg North Carolina Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. serves as a valuable tool to attract, motivate, and retain highly qualified directors, providing them with an opportunity to share in the company's success and aligning their interests with those of the shareholders.

Mecklenburg North Carolina Directors Stock Appreciation Rights Plan is a compensation program offered by American Annuity Group, Inc. to its directors based in Mecklenburg County, North Carolina. This plan allows eligible directors to benefit from stock appreciation, enabling them to share in the financial success of the company. The Mecklenburg North Carolina Directors Stock Appreciation Rights Plan is designed to motivate and retain talented directors by providing them with an opportunity to participate in the growth of the company's stock value. The plan grants directors the right to receive a cash payment equal to the appreciation in the company's stock over a specified period. This compensation plan aims to align the interests of directors with those of the shareholders, encouraging the board members to make decisions that positively impact the financial well-being of the organization. These plans typically include vesting periods, which means the directors need to wait for a predetermined period before exercising their stock appreciation rights. The Mecklenburg North Carolina Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. may have various types or variations, some of which include: 1. Performance-based Stock Appreciation Rights Plan: In this type of plan, the directors' stock appreciation rights are tied to specific performance metrics or goals. These goals can be related to the company's financial performance, market share, or other key performance indicators. If the company achieves or exceeds these goals, the directors receive a higher payout. 2. Time-based Stock Appreciation Rights Plan: This plan grants directors the right to receive a cash payment equal to the appreciation in the company's stock over a specific period, regardless of the company's performance. Directors receive the payout after the vesting period expires, regardless of any specific performance metrics. 3. Non-Qualified Stock Appreciation Rights Plan: This type of plan is not subject to the rules outlined in the U.S. Internal Revenue Code's qualified plan requirements. Non-qualified plans provide more flexibility to the company in terms of eligibility, vesting, and payout calculations. 4. Restricted Stock Appreciation Rights Plan: This plan grants directors stock appreciation rights for a specific number of restricted shares. The rights become exercisable once the restricted shares meet certain conditions or milestones, such as reaching a specific share price or the completion of a specified period. Overall, the Mecklenburg North Carolina Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. serves as a valuable tool to attract, motivate, and retain highly qualified directors, providing them with an opportunity to share in the company's success and aligning their interests with those of the shareholders.