Colorado 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 Colorado Nonemployee Directors Stock Option Plan is a pivotal program implemented by National Surgery Centers, Inc. (NSC) in its efforts to reward and retain non-employee directors who play a critical role in the company's decision-making process. This stock option plan is designed to provide these directors with an opportunity to share in NSC's success and align their interests with those of the company's shareholders. Under this plan, eligible non-employee directors of NSC are granted stock options, giving them the right to purchase a specified number of shares at a predetermined price within a defined timeframe. These stock options are generally granted as an incentive for the directors' long-term commitment and contributions towards NSC's growth and profitability. The Colorado Nonemployee Directors Stock Option Plan of NSC aims to motivate its non-employee directors by offering them a chance to benefit from the company's financial performance. By granting stock options, NSC aims to encourage these directors to make decisions that are in the best interest of NSC and its shareholders, as the value of their options directly correlates with the company's success. Furthermore, this plan helps NSC attract and retain highly qualified directors, as stock options can provide an additional form of compensation beyond standard board fees. Non-employee directors who receive stock options have a vested interest in NSC's long-term success and are more likely to dedicate their time, expertise, and insights to contribute to the company's strategic direction and overall growth. It is important to note that the Colorado Nonemployee Directors Stock Option Plan may have different types depending on various factors such as the director's tenure, committee involvement, and performance metrics. For instance, NSC might introduce different tiers of stock option grants based on the number of years an individual has served on the board, with incremental increases in the number of options granted for longer tenures. Additionally, NSC may consider awarding extra stock options to directors who actively participate in key committees or demonstrate exceptional performance in advancing the company's objectives. In conclusion, the Colorado Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is an instrumental program designed to reward and retain non-employee directors who contribute significantly to the company's success. By granting stock options, NSC aligns the interests of these directors with those of the shareholders, ensuring a strong and motivated board dedicated to long-term growth and profitability.

The Colorado Nonemployee Directors Stock Option Plan is a pivotal program implemented by National Surgery Centers, Inc. (NSC) in its efforts to reward and retain non-employee directors who play a critical role in the company's decision-making process. This stock option plan is designed to provide these directors with an opportunity to share in NSC's success and align their interests with those of the company's shareholders. Under this plan, eligible non-employee directors of NSC are granted stock options, giving them the right to purchase a specified number of shares at a predetermined price within a defined timeframe. These stock options are generally granted as an incentive for the directors' long-term commitment and contributions towards NSC's growth and profitability. The Colorado Nonemployee Directors Stock Option Plan of NSC aims to motivate its non-employee directors by offering them a chance to benefit from the company's financial performance. By granting stock options, NSC aims to encourage these directors to make decisions that are in the best interest of NSC and its shareholders, as the value of their options directly correlates with the company's success. Furthermore, this plan helps NSC attract and retain highly qualified directors, as stock options can provide an additional form of compensation beyond standard board fees. Non-employee directors who receive stock options have a vested interest in NSC's long-term success and are more likely to dedicate their time, expertise, and insights to contribute to the company's strategic direction and overall growth. It is important to note that the Colorado Nonemployee Directors Stock Option Plan may have different types depending on various factors such as the director's tenure, committee involvement, and performance metrics. For instance, NSC might introduce different tiers of stock option grants based on the number of years an individual has served on the board, with incremental increases in the number of options granted for longer tenures. Additionally, NSC may consider awarding extra stock options to directors who actively participate in key committees or demonstrate exceptional performance in advancing the company's objectives. In conclusion, the Colorado Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is an instrumental program designed to reward and retain non-employee directors who contribute significantly to the company's success. By granting stock options, NSC aligns the interests of these directors with those of the shareholders, ensuring a strong and motivated board dedicated to long-term growth and profitability.