Alaska Long Term Incentive Plan of Sierra Health Services, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-18-289B
• Format: Word; Rich Text

Description

18-289B 18-289B . . . Long-Term Incentive Plan under which Compensation Committee can grant incentive stock options, (b) Non-qualified Stock Options, (c) reload options (which entitle optionee, upon exercise of a stock option through delivery of previously owned shares, to automatically be granted, on date of such exercise, a new stock option (i) for a number of shares of common stock not exceeding number of shares delivered in payment of option price of original option, (ii) having an option price not less than fair market value of common stock on date of grant of reload option, (iii) having an expiration date not later than expiration date of original option, and (iv) otherwise having terms permissible for an original grant of a stock option under Plan), (d) stock appreciation rights, (e) Restricted Stock, (f) Deferred Stock, (g) Bonus Stock, (h) awards in lieu of cash obligations, and (i) other Stock-based awards, all of which may, in discretion of committee, be granted either alone or in addition to, in tandem with, or in substitution for, any other award granted under the Plan or any award granted under any other Plan Sierra Health Services, Inc., an esteemed healthcare provider in Alaska, offers its employees a distinctive employee benefit known as the Alaska Long Term Incentive Plan (TIP). This comprehensive incentive program is designed to reward long-term commitment and loyalty while providing financial security and motivation to its workforce. The Alaska Long Term Incentive Plan of Sierra Health Services, Inc. encompasses various types of plans tailored to meet the diverse needs of employees: 1. Performance-Based TIP: This type of plan focuses on rewarding individuals or teams that consistently achieve exceptional performance levels. Employees are incentivized based on predetermined performance criteria such as productivity, quality improvement, patient satisfaction, or financial targets. 2. Stock Option TIP: Sierra Health Services, Inc. may offer eligible employees the opportunity to purchase company stock at a discounted price. This encourages employees to actively contribute to the long-term growth and success of the organization, aligning their interests with those of the company and its shareholders. 3. Deferred Compensation TIP: With this plan, employees have the option to defer a portion of their current compensation to a future date, typically during retirement. The deferred amount may accrue interest or receive company stock, providing employees with a valuable nest egg for their long-term financial goals. 4. Retirement Savings TIP: Sierra Health Services, Inc. may also offer a retirement savings plan, such as a 401(k) or similar program, as part of their long-term incentive package. Through this plan, employees can contribute a portion of their salary toward retirement, with the company often providing matching contributions up to a certain percentage. The Alaska Long Term Incentive Plan of Sierra Health Services, Inc. serves as a valuable tool for talent acquisition, retention, and motivation. By offering a range of incentives aligned with individual preferences, the company ensures that employees feel valued and recognized for their dedication and hard work. Participating in the Alaska Long Term Incentive Plan allows employees to actively shape their financial future, fostering long-term commitment to Sierra Health Services, Inc. It is a reflection of the company's dedication to investing in its workforce, enhancing employee satisfaction, and ultimately improving the quality of healthcare services provided to Alaskans.

Sierra Health Services, Inc., an esteemed healthcare provider in Alaska, offers its employees a distinctive employee benefit known as the Alaska Long Term Incentive Plan (TIP). This comprehensive incentive program is designed to reward long-term commitment and loyalty while providing financial security and motivation to its workforce. The Alaska Long Term Incentive Plan of Sierra Health Services, Inc. encompasses various types of plans tailored to meet the diverse needs of employees: 1. Performance-Based TIP: This type of plan focuses on rewarding individuals or teams that consistently achieve exceptional performance levels. Employees are incentivized based on predetermined performance criteria such as productivity, quality improvement, patient satisfaction, or financial targets. 2. Stock Option TIP: Sierra Health Services, Inc. may offer eligible employees the opportunity to purchase company stock at a discounted price. This encourages employees to actively contribute to the long-term growth and success of the organization, aligning their interests with those of the company and its shareholders. 3. Deferred Compensation TIP: With this plan, employees have the option to defer a portion of their current compensation to a future date, typically during retirement. The deferred amount may accrue interest or receive company stock, providing employees with a valuable nest egg for their long-term financial goals. 4. Retirement Savings TIP: Sierra Health Services, Inc. may also offer a retirement savings plan, such as a 401(k) or similar program, as part of their long-term incentive package. Through this plan, employees can contribute a portion of their salary toward retirement, with the company often providing matching contributions up to a certain percentage. The Alaska Long Term Incentive Plan of Sierra Health Services, Inc. serves as a valuable tool for talent acquisition, retention, and motivation. By offering a range of incentives aligned with individual preferences, the company ensures that employees feel valued and recognized for their dedication and hard work. Participating in the Alaska Long Term Incentive Plan allows employees to actively shape their financial future, fostering long-term commitment to Sierra Health Services, Inc. It is a reflection of the company's dedication to investing in its workforce, enhancing employee satisfaction, and ultimately improving the quality of healthcare services provided to Alaskans.