Colorado 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 The Colorado Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive compensation package designed to reward and incentivize employees for their long-term commitment and dedication to the company. This plan is tailored specifically to the employees based in Colorado and offers various types of incentives to attract, motivate, and retain top talent within the organization. One type of the Colorado Long Term Incentive Plan offered by Sierra Health Services, Inc. is the stock options program. Under this program, eligible employees are granted the right to purchase company stock at a predetermined price, known as the exercise price. This gives employees the opportunity to benefit from the growth and success of the company over time, as the value of the stock may increase. Stock options usually have a specified vesting period, during which employees must remain with the company to fully reap the benefits. Another facet of the Colorado Long Term Incentive Plan is the performance-based bonuses. Employees who consistently exceed performance expectations and contribute significantly to the company's success may be eligible for these additional rewards. Performance bonuses are often tied to key performance indicators (KPIs) established by the company and are designed to align employee efforts with organizational goals. Sierra Health Services, Inc. recognizes the importance of employee retention and offers a third type of long-term incentive through restricted stock units (RSS). RSS are grants of company stock that are subject to a vesting period, similar to stock options. However, unlike stock options that require employees to buy the stock, RSS are given as compensation and employees receive the shares once they vest. RSS provide employees with a direct ownership stake in the company and encourage them to remain committed to its long-term success. Overall, the Colorado Long Term Incentive Plan of Sierra Health Services, Inc. encompasses various forms of equity-based compensation, including stock options and restricted stock units, as well as performance-based bonuses. This multi-faceted approach ensures that employees are rewarded for their loyalty, hard work, and contribution to the growth and prosperity of the company.

The Colorado Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive compensation package designed to reward and incentivize employees for their long-term commitment and dedication to the company. This plan is tailored specifically to the employees based in Colorado and offers various types of incentives to attract, motivate, and retain top talent within the organization. One type of the Colorado Long Term Incentive Plan offered by Sierra Health Services, Inc. is the stock options program. Under this program, eligible employees are granted the right to purchase company stock at a predetermined price, known as the exercise price. This gives employees the opportunity to benefit from the growth and success of the company over time, as the value of the stock may increase. Stock options usually have a specified vesting period, during which employees must remain with the company to fully reap the benefits. Another facet of the Colorado Long Term Incentive Plan is the performance-based bonuses. Employees who consistently exceed performance expectations and contribute significantly to the company's success may be eligible for these additional rewards. Performance bonuses are often tied to key performance indicators (KPIs) established by the company and are designed to align employee efforts with organizational goals. Sierra Health Services, Inc. recognizes the importance of employee retention and offers a third type of long-term incentive through restricted stock units (RSS). RSS are grants of company stock that are subject to a vesting period, similar to stock options. However, unlike stock options that require employees to buy the stock, RSS are given as compensation and employees receive the shares once they vest. RSS provide employees with a direct ownership stake in the company and encourage them to remain committed to its long-term success. Overall, the Colorado Long Term Incentive Plan of Sierra Health Services, Inc. encompasses various forms of equity-based compensation, including stock options and restricted stock units, as well as performance-based bonuses. This multi-faceted approach ensures that employees are rewarded for their loyalty, hard work, and contribution to the growth and prosperity of the company.