District of Columbia 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 District of Columbia Long Term Incentive Plan (TIP) of Sierra Health Services, Inc. is a comprehensive program designed to attract and retain talented employees by providing long-term incentives that align with the company's goals and objectives. This plan empowers employees in the District of Columbia to contribute to the company's success while also benefiting from their dedication and hard work. Sierra Health Services, Inc., a well-established healthcare organization operating in the District of Columbia, understands the importance of recognizing and rewarding high-performing employees. Through the TIP, the company offers various types of incentives to motivate and engage employees in achieving both personal and organizational growth. 1. Stock Option Grants: One of the key components of the District of Columbia TIP is the provision of stock option grants. These grants give eligible employees the opportunity to purchase company stock at a predetermined price, allowing them to share in the company's success and participate in its long-term wealth creation. 2. Restricted Stock Units: The TIP also offers restricted stock units (RSS) as a form of long-term incentive. RSS are typically granted to employees based on their performance and tenure with the company. These units represent the right to receive company shares at a future vesting date, encouraging employees to remain committed to Sierra Health Services, Inc. and contribute to its sustained growth. 3. Performance-Based Bonuses: The District of Columbia TIP includes performance-based bonuses, which are awarded to employees who achieve specific performance targets and goals. These bonuses are designed to motivate individuals to excel in their roles, driving innovation and efficiency within the company. 4. Retention Awards: To retain top talent, Sierra Health Services, Inc. incorporates retention awards into its TIP. These awards are given to employees who demonstrate exceptional skills and commit to remaining with the company for a specified period. Retention awards serve as a strong incentive for employees to stay loyal to the organization, fostering a stable and committed workforce. 5. Performance Share Units: Another facet of the TIP is the provision of performance share units (Plus). Plus are granted to employees based on predetermined performance criteria and are subject to vesting requirements. They provide an opportunity for employees to receive additional company stock as a reward for achieving or exceeding performance targets, further aligning their interests with the company's long-term success. In summary, the District of Columbia Long Term Incentive Plan of Sierra Health Services, Inc. encompasses a range of incentives such as stock option grants, restricted stock units, performance-based bonuses, retention awards, and performance share units. By implementing this comprehensive plan, Sierra Health Services, Inc. aims to attract, retain, and motivate talented individuals, solidifying itself as a leading healthcare organization in the District of Columbia.

The District of Columbia Long Term Incentive Plan (TIP) of Sierra Health Services, Inc. is a comprehensive program designed to attract and retain talented employees by providing long-term incentives that align with the company's goals and objectives. This plan empowers employees in the District of Columbia to contribute to the company's success while also benefiting from their dedication and hard work. Sierra Health Services, Inc., a well-established healthcare organization operating in the District of Columbia, understands the importance of recognizing and rewarding high-performing employees. Through the TIP, the company offers various types of incentives to motivate and engage employees in achieving both personal and organizational growth. 1. Stock Option Grants: One of the key components of the District of Columbia TIP is the provision of stock option grants. These grants give eligible employees the opportunity to purchase company stock at a predetermined price, allowing them to share in the company's success and participate in its long-term wealth creation. 2. Restricted Stock Units: The TIP also offers restricted stock units (RSS) as a form of long-term incentive. RSS are typically granted to employees based on their performance and tenure with the company. These units represent the right to receive company shares at a future vesting date, encouraging employees to remain committed to Sierra Health Services, Inc. and contribute to its sustained growth. 3. Performance-Based Bonuses: The District of Columbia TIP includes performance-based bonuses, which are awarded to employees who achieve specific performance targets and goals. These bonuses are designed to motivate individuals to excel in their roles, driving innovation and efficiency within the company. 4. Retention Awards: To retain top talent, Sierra Health Services, Inc. incorporates retention awards into its TIP. These awards are given to employees who demonstrate exceptional skills and commit to remaining with the company for a specified period. Retention awards serve as a strong incentive for employees to stay loyal to the organization, fostering a stable and committed workforce. 5. Performance Share Units: Another facet of the TIP is the provision of performance share units (Plus). Plus are granted to employees based on predetermined performance criteria and are subject to vesting requirements. They provide an opportunity for employees to receive additional company stock as a reward for achieving or exceeding performance targets, further aligning their interests with the company's long-term success. In summary, the District of Columbia Long Term Incentive Plan of Sierra Health Services, Inc. encompasses a range of incentives such as stock option grants, restricted stock units, performance-based bonuses, retention awards, and performance share units. By implementing this comprehensive plan, Sierra Health Services, Inc. aims to attract, retain, and motivate talented individuals, solidifying itself as a leading healthcare organization in the District of Columbia.