Travis Texas Directors Stock Appreciation Rights Plan of American Annuity Group, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Travis
• 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 Travis Texas Directors Stock Appreciation Rights Plan is a form of equity compensation offered by American Annuity Group, Inc. to its directors. This plan aims to reward and incentivize directors by offering them the opportunity to benefit from the appreciation in the company's stock value. Under the Travis Texas Directors Stock Appreciation Rights Plan, directors are granted Stock Appreciation Rights (SARS) that entitle them to receive a cash payment equal to the increase in the company's stock price over a predetermined period of time. The SARS are typically granted at no cost to the directors and are usually subject to vesting conditions, meaning directors need to remain with the company for a certain period before they can exercise their rights. One of the key advantages of the Travis Texas Directors Stock Appreciation Rights Plan is that it aligns the interests of directors with those of the company's shareholders. By tying directors' compensation to the stock's performance, it encourages them to work towards maximizing shareholder value and the company's long-term growth. It's worth mentioning that there might be variations or types of Travis Texas Directors Stock Appreciation Rights Plans offered by American Annuity Group, Inc. based on specific terms and provisions related to eligibility, exercise periods, and performance goals. However, without further information about the specific plan details, it's challenging to provide an exhaustive list of the plan types. In summary, Travis Texas Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is an equity compensation scheme designed to reward directors for their contributions and align their interests with the company's shareholders. The plan grants directors Stock Appreciation Rights, which allow them to receive cash payments tied to the increase in the company's stock value.

Travis Texas Directors Stock Appreciation Rights Plan is a form of equity compensation offered by American Annuity Group, Inc. to its directors. This plan aims to reward and incentivize directors by offering them the opportunity to benefit from the appreciation in the company's stock value. Under the Travis Texas Directors Stock Appreciation Rights Plan, directors are granted Stock Appreciation Rights (SARS) that entitle them to receive a cash payment equal to the increase in the company's stock price over a predetermined period of time. The SARS are typically granted at no cost to the directors and are usually subject to vesting conditions, meaning directors need to remain with the company for a certain period before they can exercise their rights. One of the key advantages of the Travis Texas Directors Stock Appreciation Rights Plan is that it aligns the interests of directors with those of the company's shareholders. By tying directors' compensation to the stock's performance, it encourages them to work towards maximizing shareholder value and the company's long-term growth. It's worth mentioning that there might be variations or types of Travis Texas Directors Stock Appreciation Rights Plans offered by American Annuity Group, Inc. based on specific terms and provisions related to eligibility, exercise periods, and performance goals. However, without further information about the specific plan details, it's challenging to provide an exhaustive list of the plan types. In summary, Travis Texas Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is an equity compensation scheme designed to reward directors for their contributions and align their interests with the company's shareholders. The plan grants directors Stock Appreciation Rights, which allow them to receive cash payments tied to the increase in the company's stock value.