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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Suffolk
• 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 Suffolk New York Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a compensation program specifically designed for directors of the company. This plan aims to reward directors for their dedicated service and commitment to the company's growth and success. As directors play a crucial role in overseeing the strategic direction and decision-making of American Annuity Group, Inc., the Stock Appreciation Rights (SARS) Plan offers them an opportunity to benefit directly from the company's financial achievements. SARS is a form of equity compensation that provides directors with the right to receive a cash payment equal to the appreciation in the company's stock value over a predetermined period. By implementing this plan, American Annuity Group, Inc. aims to align the interests of directors with those of the shareholders, fostering a strong motivation for directors to act in the best interest of the company. The Suffolk New York Directors Stock Appreciation Rights Plan encourages directors to make decisions that lead to value creation and long-term growth. This compensation program creates a sense of ownership among directors and incentivizes them to focus on maximizing shareholder value. It is important to note that the Suffolk New York Directors Stock Appreciation Rights Plan may have different variations or modifications tailored to the specific needs and goals of American Annuity Group, Inc. For instance, there may be different vesting schedules or eligibility criteria depending on the director's tenure or position within the company. Additionally, the plan may include provisions for adjusting SARS in the event of stock splits, mergers, acquisitions, or other significant corporate events. In summary, the Suffolk New York Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a comprehensive compensation program that rewards directors for their valuable contributions to the company's growth and profitability. It aligns the interests of directors with shareholders and fosters a sense of ownership, ultimately driving long-term value creation.

The Suffolk New York Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a compensation program specifically designed for directors of the company. This plan aims to reward directors for their dedicated service and commitment to the company's growth and success. As directors play a crucial role in overseeing the strategic direction and decision-making of American Annuity Group, Inc., the Stock Appreciation Rights (SARS) Plan offers them an opportunity to benefit directly from the company's financial achievements. SARS is a form of equity compensation that provides directors with the right to receive a cash payment equal to the appreciation in the company's stock value over a predetermined period. By implementing this plan, American Annuity Group, Inc. aims to align the interests of directors with those of the shareholders, fostering a strong motivation for directors to act in the best interest of the company. The Suffolk New York Directors Stock Appreciation Rights Plan encourages directors to make decisions that lead to value creation and long-term growth. This compensation program creates a sense of ownership among directors and incentivizes them to focus on maximizing shareholder value. It is important to note that the Suffolk New York Directors Stock Appreciation Rights Plan may have different variations or modifications tailored to the specific needs and goals of American Annuity Group, Inc. For instance, there may be different vesting schedules or eligibility criteria depending on the director's tenure or position within the company. Additionally, the plan may include provisions for adjusting SARS in the event of stock splits, mergers, acquisitions, or other significant corporate events. In summary, the Suffolk New York Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a comprehensive compensation program that rewards directors for their valuable contributions to the company's growth and profitability. It aligns the interests of directors with shareholders and fosters a sense of ownership, ultimately driving long-term value creation.