Sierra Health Services, Inc., a prominent healthcare organization operating in Arizona, offers a comprehensive employee compensation program known as the Arizona Long-Term Incentive Plan. This plan is designed to reward and motivate employees through long-term incentives corresponding to their contribution and commitment to the company's success. Here we will explore the various types of incentives included in this program. 1. Stock Options: Sierra Health Services provides eligible employees with stock options as part of the Arizona Long-Term Incentive Plan. These options enable employees to purchase company shares at a predetermined price within a specified timeframe. By granting stock options, the company aims to align employee interests with those of shareholders, fostering a sense of ownership and motivation for long-term success. 2. Performance-Based Bonuses: To recognize exceptional performance and achievements, Sierra Health Services implements performance-based bonuses under the Arizona Long-Term Incentive Plan. These bonuses are awarded based on predetermined performance goals, encouraging employees to strive for excellence and exceed expectations. By linking rewards directly to performance, the company ensures that individuals are acknowledged and appreciated for their exceptional contributions. 3. Restricted Stock Units (RSS): Another element of the Arizona Long-Term Incentive Plan is the allocation of restricted stock units. RSS represents a specific number of company shares that are granted to employees as an incentive. However, these shares are subject to certain restrictions, such as a vesting period or performance requirements. This form of incentive aims to motivate employees to remain with the company while also aligning their interests with long-term company objectives. 4. Employee Profit Sharing: Sierra Health Services also features an attractive profit-sharing component within the Arizona Long-Term Incentive Plan. This plan distributes a percentage of the company's profits among eligible employees, providing them with a direct financial stake in the company's success. This motivates employees to work cohesively to maximize profits, fostering a collaborative and performance-driven work culture. 5. Performance Shares: The Arizona Long-Term Incentive Plan may include performance shares as an attractive incentive. Performance shares are additional company shares given to employees based on predetermined performance criteria. By linking the allocation of shares to specific targets, the company encourages individual and team performance, ultimately benefiting both employees and the organization as a whole. In summary, the Arizona Long-Term Incentive Plan of Sierra Health Services, Inc. comprises various types of incentives, including stock options, performance-based bonuses, restricted stock units (RSS), employee profit sharing, and performance shares. By implementing these incentives, Sierra Health Services ensures that employees are rewarded and motivated for their long-term dedication and substantial contributions to the company's growth and success.
Arizona Long Term Incentive Plan of Sierra Health Services, Inc.
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US-CC-18-289B
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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., a prominent healthcare organization operating in Arizona, offers a comprehensive employee compensation program known as the Arizona Long-Term Incentive Plan. This plan is designed to reward and motivate employees through long-term incentives corresponding to their contribution and commitment to the company's success. Here we will explore the various types of incentives included in this program. 1. Stock Options: Sierra Health Services provides eligible employees with stock options as part of the Arizona Long-Term Incentive Plan. These options enable employees to purchase company shares at a predetermined price within a specified timeframe. By granting stock options, the company aims to align employee interests with those of shareholders, fostering a sense of ownership and motivation for long-term success. 2. Performance-Based Bonuses: To recognize exceptional performance and achievements, Sierra Health Services implements performance-based bonuses under the Arizona Long-Term Incentive Plan. These bonuses are awarded based on predetermined performance goals, encouraging employees to strive for excellence and exceed expectations. By linking rewards directly to performance, the company ensures that individuals are acknowledged and appreciated for their exceptional contributions. 3. Restricted Stock Units (RSS): Another element of the Arizona Long-Term Incentive Plan is the allocation of restricted stock units. RSS represents a specific number of company shares that are granted to employees as an incentive. However, these shares are subject to certain restrictions, such as a vesting period or performance requirements. This form of incentive aims to motivate employees to remain with the company while also aligning their interests with long-term company objectives. 4. Employee Profit Sharing: Sierra Health Services also features an attractive profit-sharing component within the Arizona Long-Term Incentive Plan. This plan distributes a percentage of the company's profits among eligible employees, providing them with a direct financial stake in the company's success. This motivates employees to work cohesively to maximize profits, fostering a collaborative and performance-driven work culture. 5. Performance Shares: The Arizona Long-Term Incentive Plan may include performance shares as an attractive incentive. Performance shares are additional company shares given to employees based on predetermined performance criteria. By linking the allocation of shares to specific targets, the company encourages individual and team performance, ultimately benefiting both employees and the organization as a whole. In summary, the Arizona Long-Term Incentive Plan of Sierra Health Services, Inc. comprises various types of incentives, including stock options, performance-based bonuses, restricted stock units (RSS), employee profit sharing, and performance shares. By implementing these incentives, Sierra Health Services ensures that employees are rewarded and motivated for their long-term dedication and substantial contributions to the company's growth and success.
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