New Hampshire Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-185C
• Format: Word; Rich Text

Description

18-185C 18-185C . . . Non-employee Directors Stock Option Plan under which Class II Non-employee directors receive options for 5,000 shares, all fully vested; Class II Non-employee directors receive options for 7,500 shares, of which 5,000 are fully vested and 2,500 vest on date of 1997 annual stockholders meeting; and Class I Non-employee directors receive options for 10,000 shares, of which 5,000 are fully vested, 2,500 vest on date of 1997 annual stockholders meeting, and 2,500 vest on date of 1998 annual stockholders meeting. Thereafter, each Non-employee director automatically receives an option on his or her election or re-election as director. Each such option is for 7,500 shares if director is elected to full three year term, of which 2,500 is vested, 2,500 vests on first anniversary of grant, and 2,500 vests on second anniversary of grant. If director is elected to fill term of less than three years, number of shares is equal to 2,500 for each full year of his or her term The New Hampshire Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive compensation program designed specifically for the company's nonemployee directors based in New Hampshire. This plan provides an opportunity for these directors to be granted stock options as a part of their compensation package. Under this plan, nonemployee directors of National Surgery Centers, Inc. in New Hampshire are eligible to receive stock options. These stock options represent the right to purchase a certain number of shares of the company's common stock at a predetermined price, known as the exercise price. The exercise price is typically set at the fair market value of the company's stock on the date of the grant. The New Hampshire Nonemployee Directors Stock Option Plan aims to align the interests of the nonemployee directors with those of the shareholders, as the value of the stock options granted is directly tied to the company's performance and stock price. It provides an incentive for the nonemployee directors to contribute their expertise and guidance to help the company achieve its strategic objectives and increase shareholder value. This type of stock option plan is implemented to attract and retain highly qualified individuals to serve on the company's board of directors. It is also seen as a way to align the directors' interests with those of the shareholders, fostering a sense of ownership and responsibility. The New Hampshire Nonemployee Directors Stock Option Plan may have different variations or types within its framework. Some possible types could include: 1. Standard stock options: These are the most common type of stock options granted under the plan. Nonemployee directors have the right to purchase shares of the company's stock at the exercise price within a predetermined timeframe. 2. Nonqualified stock options: These stock options do not qualify for special tax treatment under the Internal Revenue Code. Nonemployee directors may choose to exercise these options at any time, regardless of the company's performance. 3. Incentive stock options: These stock options provide certain tax advantages for the nonemployee directors. To qualify for these options, specific requirements set by the Internal Revenue Code must be met. 4. Performance-based stock options: In certain cases, the stock options granted to the nonemployee directors may be tied to specific performance goals or metrics set by the company. If these goals are achieved, the directors may receive additional stock options or accelerated vesting of their existing options. It is important to note that the specific details, terms, and conditions of the New Hampshire Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. may vary from company to company and are subject to the guidelines set forth in the company's official plan document and applicable regulations.

The New Hampshire Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive compensation program designed specifically for the company's nonemployee directors based in New Hampshire. This plan provides an opportunity for these directors to be granted stock options as a part of their compensation package. Under this plan, nonemployee directors of National Surgery Centers, Inc. in New Hampshire are eligible to receive stock options. These stock options represent the right to purchase a certain number of shares of the company's common stock at a predetermined price, known as the exercise price. The exercise price is typically set at the fair market value of the company's stock on the date of the grant. The New Hampshire Nonemployee Directors Stock Option Plan aims to align the interests of the nonemployee directors with those of the shareholders, as the value of the stock options granted is directly tied to the company's performance and stock price. It provides an incentive for the nonemployee directors to contribute their expertise and guidance to help the company achieve its strategic objectives and increase shareholder value. This type of stock option plan is implemented to attract and retain highly qualified individuals to serve on the company's board of directors. It is also seen as a way to align the directors' interests with those of the shareholders, fostering a sense of ownership and responsibility. The New Hampshire Nonemployee Directors Stock Option Plan may have different variations or types within its framework. Some possible types could include: 1. Standard stock options: These are the most common type of stock options granted under the plan. Nonemployee directors have the right to purchase shares of the company's stock at the exercise price within a predetermined timeframe. 2. Nonqualified stock options: These stock options do not qualify for special tax treatment under the Internal Revenue Code. Nonemployee directors may choose to exercise these options at any time, regardless of the company's performance. 3. Incentive stock options: These stock options provide certain tax advantages for the nonemployee directors. To qualify for these options, specific requirements set by the Internal Revenue Code must be met. 4. Performance-based stock options: In certain cases, the stock options granted to the nonemployee directors may be tied to specific performance goals or metrics set by the company. If these goals are achieved, the directors may receive additional stock options or accelerated vesting of their existing options. It is important to note that the specific details, terms, and conditions of the New Hampshire Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. may vary from company to company and are subject to the guidelines set forth in the company's official plan document and applicable regulations.