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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Queens
• 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 Queens New York Directors Stock Appreciation Rights Plan is a comprehensive compensation program offered by American Annuity Group, Inc. to its directors based in the Queens area of New York. This plan enables directors to receive additional compensation tied to the appreciation in the company's stock value over a specific period. Under this plan, directors are granted Stock Appreciation Rights (SARS), which are similar to stock options but with no purchase price. SARS give directors the right to receive a cash payment equal to the appreciation in the company's stock price over a predetermined period. This provides directors with an opportunity to benefit from the company's growth and financial success. The Queens New York Directors Stock Appreciation Rights Plan offers several types of SARS, including: 1. Performance-based SARS: This SARS is granted based on the achievement of specific performance goals set by the company. The performance goals may include financial targets, market share growth, or other relevant metrics. Directors are rewarded with cash payments if the company meets or exceeds these goals. 2. Time-based SARS: This SARS is granted to directors based on their tenure and service to the company. Directors typically receive a certain number of SARS that vest over a specified period. Once vested, directors can exercise their SARS and receive cash payments based on the stock's appreciation. 3. Combination SARS: This type of SAR combines both performance-based and time-based elements. Directors receive a portion of SARS based on performance goals and another portion based on their tenure with the company. This provides a balanced approach to reward directors for their efforts and the overall growth of the company. It is important to note that the Queens New York Directors Stock Appreciation Rights Plan is designed to align the interests of directors with the company's success. By offering directors the opportunity to benefit directly from the appreciation of the company's stock, it incentivizes them to make decisions that enhance shareholder value and promote the long-term growth and profitability of American Annuity Group, Inc. The plan also promotes retention and attracts top talent to the board of directors by offering an additional form of compensation beyond regular director fees. This helps ensure a strong and experienced leadership team, driving the company's growth and success in the ever-competitive financial industry. In conclusion, the Queens New York Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a thoughtfully designed compensation program that provides directors with stock-based incentives to drive the company's growth, aligning their interests with those of the shareholders. Through various types of SARS, directors are rewarded for their performance, tenure, or a combination of both. This plan aims to attract and retain top talent while fostering a culture of accountability and shareholder value.

The Queens New York Directors Stock Appreciation Rights Plan is a comprehensive compensation program offered by American Annuity Group, Inc. to its directors based in the Queens area of New York. This plan enables directors to receive additional compensation tied to the appreciation in the company's stock value over a specific period. Under this plan, directors are granted Stock Appreciation Rights (SARS), which are similar to stock options but with no purchase price. SARS give directors the right to receive a cash payment equal to the appreciation in the company's stock price over a predetermined period. This provides directors with an opportunity to benefit from the company's growth and financial success. The Queens New York Directors Stock Appreciation Rights Plan offers several types of SARS, including: 1. Performance-based SARS: This SARS is granted based on the achievement of specific performance goals set by the company. The performance goals may include financial targets, market share growth, or other relevant metrics. Directors are rewarded with cash payments if the company meets or exceeds these goals. 2. Time-based SARS: This SARS is granted to directors based on their tenure and service to the company. Directors typically receive a certain number of SARS that vest over a specified period. Once vested, directors can exercise their SARS and receive cash payments based on the stock's appreciation. 3. Combination SARS: This type of SAR combines both performance-based and time-based elements. Directors receive a portion of SARS based on performance goals and another portion based on their tenure with the company. This provides a balanced approach to reward directors for their efforts and the overall growth of the company. It is important to note that the Queens New York Directors Stock Appreciation Rights Plan is designed to align the interests of directors with the company's success. By offering directors the opportunity to benefit directly from the appreciation of the company's stock, it incentivizes them to make decisions that enhance shareholder value and promote the long-term growth and profitability of American Annuity Group, Inc. The plan also promotes retention and attracts top talent to the board of directors by offering an additional form of compensation beyond regular director fees. This helps ensure a strong and experienced leadership team, driving the company's growth and success in the ever-competitive financial industry. In conclusion, the Queens New York Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a thoughtfully designed compensation program that provides directors with stock-based incentives to drive the company's growth, aligning their interests with those of the shareholders. Through various types of SARS, directors are rewarded for their performance, tenure, or a combination of both. This plan aims to attract and retain top talent while fostering a culture of accountability and shareholder value.