Delaware 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 Delaware Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive program designed to provide stock options to nonemployee directors of the company, based in the state of Delaware. This plan aims to offer attractive incentives to directors who are not directly involved in the day-to-day operations of the company but play a crucial role in decision-making and corporate governance. Under this plan, nonemployee directors are granted the opportunity to purchase company stock at a predetermined price, known as the exercise price. These stock options typically have a vesting period, meaning that directors must remain in their positions for a certain period of time before being eligible to exercise their options. The Delaware Nonemployee Directors Stock Option Plan is a valuable tool for National Surgery Centers, Inc. as it helps align the interests of directors with those of the company's shareholders. By granting stock options, the plan encourages nonemployee directors to contribute their expertise, experience, and insight to help drive the company's growth and success. There may be different types or variations of the Delaware Nonemployee Directors Stock Option Plan depending on the specific arrangements made by National Surgery Centers, Inc. The plan could include provisions for stock options to be granted as one-time grants or on an annual basis. It may also set certain performance criteria that must be met for the options to become exercisable. Moreover, the plan might outline the terms and conditions for the exercise of options, including any restrictions on selling or transferring the acquired stock. It may also provide guidelines for the valuation of the company's stock and establish a process for determining the exercise price. In summary, the Delaware Nonemployee Directors Stock Option Plan is an important component of National Surgery Centers, Inc.'s compensation program for nonemployee directors. It aims to reward and retain talented individuals who contribute to the company's strategic direction and governance. By offering stock options, the plan creates a valuable link between the directors' interests and the company's performance, ultimately benefiting both parties.

The Delaware Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive program designed to provide stock options to nonemployee directors of the company, based in the state of Delaware. This plan aims to offer attractive incentives to directors who are not directly involved in the day-to-day operations of the company but play a crucial role in decision-making and corporate governance. Under this plan, nonemployee directors are granted the opportunity to purchase company stock at a predetermined price, known as the exercise price. These stock options typically have a vesting period, meaning that directors must remain in their positions for a certain period of time before being eligible to exercise their options. The Delaware Nonemployee Directors Stock Option Plan is a valuable tool for National Surgery Centers, Inc. as it helps align the interests of directors with those of the company's shareholders. By granting stock options, the plan encourages nonemployee directors to contribute their expertise, experience, and insight to help drive the company's growth and success. There may be different types or variations of the Delaware Nonemployee Directors Stock Option Plan depending on the specific arrangements made by National Surgery Centers, Inc. The plan could include provisions for stock options to be granted as one-time grants or on an annual basis. It may also set certain performance criteria that must be met for the options to become exercisable. Moreover, the plan might outline the terms and conditions for the exercise of options, including any restrictions on selling or transferring the acquired stock. It may also provide guidelines for the valuation of the company's stock and establish a process for determining the exercise price. In summary, the Delaware Nonemployee Directors Stock Option Plan is an important component of National Surgery Centers, Inc.'s compensation program for nonemployee directors. It aims to reward and retain talented individuals who contribute to the company's strategic direction and governance. By offering stock options, the plan creates a valuable link between the directors' interests and the company's performance, ultimately benefiting both parties.