The California Long Term Incentive Plan (TIP) of Sierra Health Services, Inc. is an employee benefit program designed to provide long-term rewards and incentives to eligible individuals within the company. Lips are commonly utilized by organizations to promote employee retention and performance. Sierra Health Services, Inc., a prominent healthcare company in California, offers various types of Lips to meet the diverse needs of their workforce. These plans aim to attract, motivate, and retain talented employees by aligning their interests with the company's long-term goals. Here are some different types of California Lips offered by Sierra Health Services, Inc.: 1. Stock Options: Sierra Health Services, Inc. may grant eligible employees the opportunity to purchase company stock at a predetermined price, known as the strike price. This allows employees to benefit from any increase in stock value over time, providing a strong incentive to contribute to the company's growth and success. 2. Restricted Stock Units (RSS): Under this plan, Sierra Health Services, Inc. can award employees with RSS, which represent a specific number of shares that will be granted to the employee after a vesting period. RSS serve as long-term incentives since employees typically receive them after a specified period of service or achievement of performance goals. 3. Performance Share Units (Plus): Plus are another type of TIP offered by Sierra Health Services, Inc. These units represent a measurement of the company's performance over a specific period. Employees are awarded Plus based on preset performance targets. Upon meeting these targets, employees receive a certain number of shares or cash equivalent based on the overall performance of the company. 4. Cash-Based Incentives: In addition to stock-related Lips, Sierra Health Services, Inc. may also implement cash-based incentives to reward employees. These could include performance bonuses, profit-sharing plans, or other cash rewards tied to the attainment of specific goals or milestones. Sierra Health Services, Inc. carefully designs these California Lips to motivate and engage employees, encouraging them to contribute towards the organization's growth and success in the long run. The specific terms and conditions of each TIP may vary depending on factors such as job role, level, performance, and overall company objectives. By offering a range of TIP options, Sierra Health Services, Inc. can customize their incentive programs to suit employees' preferences and align them with the company's strategic direction. These plans not only provide employees with a sense of ownership and long-term investment in the company but also play a pivotal role in attracting and retaining top talent in California's competitive healthcare industry.
California Long Term Incentive Plan of Sierra Health Services, Inc.
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Multi-State
Control #:
US-CC-18-289B
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Word;
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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
The California Long Term Incentive Plan (TIP) of Sierra Health Services, Inc. is an employee benefit program designed to provide long-term rewards and incentives to eligible individuals within the company. Lips are commonly utilized by organizations to promote employee retention and performance. Sierra Health Services, Inc., a prominent healthcare company in California, offers various types of Lips to meet the diverse needs of their workforce. These plans aim to attract, motivate, and retain talented employees by aligning their interests with the company's long-term goals. Here are some different types of California Lips offered by Sierra Health Services, Inc.: 1. Stock Options: Sierra Health Services, Inc. may grant eligible employees the opportunity to purchase company stock at a predetermined price, known as the strike price. This allows employees to benefit from any increase in stock value over time, providing a strong incentive to contribute to the company's growth and success. 2. Restricted Stock Units (RSS): Under this plan, Sierra Health Services, Inc. can award employees with RSS, which represent a specific number of shares that will be granted to the employee after a vesting period. RSS serve as long-term incentives since employees typically receive them after a specified period of service or achievement of performance goals. 3. Performance Share Units (Plus): Plus are another type of TIP offered by Sierra Health Services, Inc. These units represent a measurement of the company's performance over a specific period. Employees are awarded Plus based on preset performance targets. Upon meeting these targets, employees receive a certain number of shares or cash equivalent based on the overall performance of the company. 4. Cash-Based Incentives: In addition to stock-related Lips, Sierra Health Services, Inc. may also implement cash-based incentives to reward employees. These could include performance bonuses, profit-sharing plans, or other cash rewards tied to the attainment of specific goals or milestones. Sierra Health Services, Inc. carefully designs these California Lips to motivate and engage employees, encouraging them to contribute towards the organization's growth and success in the long run. The specific terms and conditions of each TIP may vary depending on factors such as job role, level, performance, and overall company objectives. By offering a range of TIP options, Sierra Health Services, Inc. can customize their incentive programs to suit employees' preferences and align them with the company's strategic direction. These plans not only provide employees with a sense of ownership and long-term investment in the company but also play a pivotal role in attracting and retaining top talent in California's competitive healthcare industry.
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