Sacramento California Directors Stock Appreciation Rights Plan of American Annuity Group, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Sacramento
• 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 Sacramento California Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a comprehensive compensation program designed specifically for the directors of the company located in Sacramento, California. This plan grants directors the opportunity to receive appreciation in the value of the company's stock over a specified period of time. As a stock-based compensation plan, the Sacramento California Directors Stock Appreciation Rights Plan provides directors with the right to receive cash or stock equivalent to the increase in the value of American Annuity Group, Inc.'s stock. This appreciation is determined based on the predetermined stock price at the beginning of the plan and the stock price at the end of the specified period. By implementing this plan, American Annuity Group, Inc. aims to align the interests of its directors with the company's shareholders, fostering a performance-driven culture and motivating directors to make decisions that enhance the company's financial growth and stability. The Sacramento California Directors Stock Appreciation Rights Plan may have different variations or types based on specific terms and conditions set forth by American Annuity Group, Inc. Some potential variations of this plan may include: 1. Time-Based Stock Appreciation Rights: Under this type, the directors become eligible to exercise their stock appreciation rights after a certain period of time, such as annually or biennially. 2. Performance-Based Stock Appreciation Rights: This variation of the plan could require directors to meet certain performance metrics, such as achieving specific financial targets or increasing market share, before they can exercise their stock appreciation rights. 3. Change of Control Stock Appreciation Rights: This type of plan may come into effect if there is a change in control of the company, such as a merger or acquisition, providing directors with the opportunity to benefit from any stock appreciation resulting from the change. It is important to note that the exact details of the Sacramento California Directors Stock Appreciation Rights Plan may vary, so it is vital for directors to refer to the specific terms and conditions of the plan provided by American Annuity Group, Inc. for comprehensive understanding and accurate implementation.

The Sacramento California Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a comprehensive compensation program designed specifically for the directors of the company located in Sacramento, California. This plan grants directors the opportunity to receive appreciation in the value of the company's stock over a specified period of time. As a stock-based compensation plan, the Sacramento California Directors Stock Appreciation Rights Plan provides directors with the right to receive cash or stock equivalent to the increase in the value of American Annuity Group, Inc.'s stock. This appreciation is determined based on the predetermined stock price at the beginning of the plan and the stock price at the end of the specified period. By implementing this plan, American Annuity Group, Inc. aims to align the interests of its directors with the company's shareholders, fostering a performance-driven culture and motivating directors to make decisions that enhance the company's financial growth and stability. The Sacramento California Directors Stock Appreciation Rights Plan may have different variations or types based on specific terms and conditions set forth by American Annuity Group, Inc. Some potential variations of this plan may include: 1. Time-Based Stock Appreciation Rights: Under this type, the directors become eligible to exercise their stock appreciation rights after a certain period of time, such as annually or biennially. 2. Performance-Based Stock Appreciation Rights: This variation of the plan could require directors to meet certain performance metrics, such as achieving specific financial targets or increasing market share, before they can exercise their stock appreciation rights. 3. Change of Control Stock Appreciation Rights: This type of plan may come into effect if there is a change in control of the company, such as a merger or acquisition, providing directors with the opportunity to benefit from any stock appreciation resulting from the change. It is important to note that the exact details of the Sacramento California Directors Stock Appreciation Rights Plan may vary, so it is vital for directors to refer to the specific terms and conditions of the plan provided by American Annuity Group, Inc. for comprehensive understanding and accurate implementation.