Oakland Michigan Directors Stock Appreciation Rights Plan of American Annuity Group, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Oakland
• 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 Oakland Michigan Directors Stock Appreciation Rights Plan is a compensation plan offered by American Annuity Group, Inc. to its directors in the Oakland, Michigan area. This plan aims to reward directors for their dedication, contribution, and commitment to the company's success. The Directors Stock Appreciation Rights Plan is a specialized form of equity compensation that allows directors to benefit from the appreciation in the company's stock value. It is designed to align the interests of directors with those of the shareholders and serve as an incentive for directors to act in the best interest of the company's long-term growth. Under this plan, eligible directors may be granted stock appreciation rights (SARS) as a form of non-cash compensation. SARS give directors the right to receive the appreciation in the company's stock value over a specified period. This can be accomplished through either cash settlement or stock issuance, depending on the company's policies. The Oakland Michigan Directors Stock Appreciation Rights Plan offered by American Annuity Group, Inc. may have different variations or types based on the specific terms and conditions set by the company. Some possible types or variations of this plan could include: 1. Performance-based SARS: This SARS is granted based on achieving pre-determined performance targets, such as financial goals or operational milestones. Directors may only receive the benefits if specified targets are met. 2. Time-based SARS: In this type, directors become eligible for SARS after completing a certain period of service on the board of directors. The SARS may vest gradually over time, incentivizing directors to stay with the company in the long run. 3. Restricted SARS: This SARS may have various restrictions placed on them by the company. For example, directors may need to meet certain tenure requirements or remain on the board until retirement to fully benefit from the SARS. 4. Cash or stock settlement SARS: The plan may offer directors the choice to receive their SARS either in cash or company stock, depending on their preference. This flexibility allows directors to align the plan with their financial needs and investment strategy. It's important to note that the specific terms, conditions, and types of the Oakland Michigan Directors Stock Appreciation Rights Plan may vary depending on American Annuity Group, Inc.'s internal policies, legal requirements, and the individual agreements made with directors.

Oakland Michigan Directors Stock Appreciation Rights Plan is a compensation plan offered by American Annuity Group, Inc. to its directors in the Oakland, Michigan area. This plan aims to reward directors for their dedication, contribution, and commitment to the company's success. The Directors Stock Appreciation Rights Plan is a specialized form of equity compensation that allows directors to benefit from the appreciation in the company's stock value. It is designed to align the interests of directors with those of the shareholders and serve as an incentive for directors to act in the best interest of the company's long-term growth. Under this plan, eligible directors may be granted stock appreciation rights (SARS) as a form of non-cash compensation. SARS give directors the right to receive the appreciation in the company's stock value over a specified period. This can be accomplished through either cash settlement or stock issuance, depending on the company's policies. The Oakland Michigan Directors Stock Appreciation Rights Plan offered by American Annuity Group, Inc. may have different variations or types based on the specific terms and conditions set by the company. Some possible types or variations of this plan could include: 1. Performance-based SARS: This SARS is granted based on achieving pre-determined performance targets, such as financial goals or operational milestones. Directors may only receive the benefits if specified targets are met. 2. Time-based SARS: In this type, directors become eligible for SARS after completing a certain period of service on the board of directors. The SARS may vest gradually over time, incentivizing directors to stay with the company in the long run. 3. Restricted SARS: This SARS may have various restrictions placed on them by the company. For example, directors may need to meet certain tenure requirements or remain on the board until retirement to fully benefit from the SARS. 4. Cash or stock settlement SARS: The plan may offer directors the choice to receive their SARS either in cash or company stock, depending on their preference. This flexibility allows directors to align the plan with their financial needs and investment strategy. It's important to note that the specific terms, conditions, and types of the Oakland Michigan Directors Stock Appreciation Rights Plan may vary depending on American Annuity Group, Inc.'s internal policies, legal requirements, and the individual agreements made with directors.