Company: AFGC
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001140361-25-012231
Chunk: 89

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 89
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 the requirements of Section 424(a) of the Code; and, in the case of Options and Stock Appreciation Rights such adjustments shall be in compliance with Section 409A of the Code. Any such adjustment made by the Committee shall be conclusive and binding for all purposes under the Plan. 4.3 Minimum Vesting Conditions. Notwithstanding any other provision of the Plan to the contrary, Awards granted under the Plan shall vest or be paid out no earlier than the first anniversary of the date on which the Award is granted, and the Performance Period for any Performance Awards shall be not less than one-year; provided, however, that the following Awards shall not be subject to the foregoing minimum vesting requirement: any (i) Shares delivered in lieu of fully vested cash obligations, (ii) any additional Awards the Board or the Committee may grant, up to a maximum of five percent (5%) of the available Share reserve authorized for issuance under the Plan pursuant to Section 4.1 (subject to adjustment under Section 4.2); and, provided further, that the foregoing restrictions do not apply to the Board’s or the Committee’s discretion to provide for accelerated exercisability or vesting of any Award, including in cases of retirement, death, Disability, or termination of employment or upon a Change in Control pursuant to Section 11.1, under an Award Agreement or otherwise. 4.4 Restricted Stock Grants to Non-Employee Directors. 4.4.1 Annual Awards. On or about June 1 of each year during which a Non-Employee Director is a member of the Company’s Board of Directors, such Non-Employee Director shall receive a Restricted Stock Award as a component of compensation for Board service; provided, however , from time to time the Board or the Committee may, in their sole discretion, change the timing, value and other terms of any Restricted Stock Award to be granted to any Non-Employee Director. 4.4.2 Limitation on Non-Employee Director Compensation. Notwithstanding any other provision of the Plan to the contrary, the aggregate value of all compensation paid or granted to a Participant who is a Non-Employee Director with respect to any calendar year, including Awards under the Plan and cash fees or other compensation paid by the Company to such Non-Employee Director outside the Plan (including without limitation under the Company’s Non-Employee Directors Compensation Plan, as amended from time to time), solely with respect to his or her services as a director during such calendar year, may not exceed $900,