N.J. Admin. Code § 11:2-6.9

Current through Register Vol. 56, No. 24, December 18, 2024

Section 11:2-6.9 - Remuneration and other transactions with management and others

(a) The proxy statement shall furnish the information reported or required in item 1 of Schedule SIS under the heading "Information regarding management and directors" if action is to be taken with respect to:

1. The election of directors;

2. Any remuneration plan, contract or arrangement in which any director, nominee or election as a director, or officer of the insurer will participate;

3. Any pension or retirement plan in which any such person will participate; or

4. The granting or extension to any such person of any options, warrants or rights to purchase any stocks, other than warrants or rights issued to stockholders, as such, on a pro rata basis.

(b) If the solicitation is made on behalf of persons other than the management, information shall be furnished only as to Item 1-A of the aforesaid heading of Schedule SIS.

N.J. Admin. Code § 11:2-6.9