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
Maryland Directors Stock Appreciation Rights Plan of American Annuity Group, Inc.
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How to fill out Directors Stock Appreciation Rights Plan Of American Annuity Group, Inc.?
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FAQ
?Definition? Stock appreciation rights (SARs) are a type of phantom equity that gives the recipient the right to receive a payment calculated by reference to the appreciation in the equity of the company. ?Definition? Warrants are another kind of option to purchase stock, generally used in investment transactions.
Stock Appreciation Rights as a Liability If an employer offers to pay an employee for his rights in cash, or if the employee has the right to elect a cash payment, the business must consider the rights a liability.
Employee stock options have an expiration date. Your expiration date may be changed if your employment status changes. Leaving your employer will mean forfeiting unvested options.
Typically, a SAR will vest upon the completion of a time-based service requirement (e.g., 3- to 5-year graded service-based vesting).
Stock appreciation rights do expire. The expiration period varies from plan to plan. Once your rights expire, they are worthless. There are often special rules for terminated, retired, and deceased employees.
A ?Stock Appreciation Right? is the right to receive a payment from the Company in an amount equal to the ?Spread,? which is defined as the excess of the Fair Market Value (as defined in Plan) of one share of common stock, $1.00 par value (the ?Stock?) of the Company at the Exercise Date (as defined below) over a ...
Stock Appreciation Right (SAR) entitles an employee, who is a shareholder in a company, to a cash payment proportionate to the appreciation of stock traded on a public exchange market. SAR programs provide companies with the flexibility to structure the compensation scheme in a way that suits their beneficiaries.
Unexercised SARs will expire without value on the expiration date. The gross value realized upon the exercise of a SAR will equal the difference between the price at the time of exercise, and the Grant Price. The recipient will generally receive shares of Common Stock upon exercise.
