Florida 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 Florida Nonemployee Directors Stock Option Plan is an incentive program offered by National Surgery Centers, Inc. to its nonemployee directors. This plan allows these directors to purchase company stock at a predetermined price within a specified timeframe. By offering stock options, National Surgery Centers aims to align the interests of its nonemployee directors with that of the company and incentivize them to contribute to its growth and success. The Florida Nonemployee Directors Stock Option Plan is designed specifically for nonemployee directors of National Surgery Centers based in Florida. It is an essential tool for attracting and retaining talented individuals to serve on the company's board of directors or its committees. National Surgery Centers recognizes the importance of these directors' expertise, industry knowledge, and contributions, and offers stock options as a form of compensation. The stock options granted under this plan provide nonemployee directors with the right to purchase shares of National Surgery Centers' common stock at a predetermined exercise price. The exercise price is typically set at the fair market value of the stock on the grant date. The option grants may have different vesting schedules, which determine when the directors can exercise their options and acquire the shares. These schedules can be time-based, performance-based, or a combination of both. National Surgery Centers believes that providing stock options to nonemployee directors fosters a sense of ownership and accountability. It aligns their interests with those of the company's shareholders and promotes long-term commitment to the organization's growth and financial performance. The stock options can also serve as a valuable form of additional compensation for their service on the board. In summary, the Florida Nonemployee Directors Stock Option Plan is a key component of National Surgery Centers' compensation package for nonemployee directors in Florida. It offers stock options to incentivize and reward these directors for their contributions to the company's success. By participating in this plan, nonemployee directors have the opportunity to purchase company stock, align their interests with the shareholders, and play an active role in the long-term growth and prosperity of National Surgery Centers.

The Florida Nonemployee Directors Stock Option Plan is an incentive program offered by National Surgery Centers, Inc. to its nonemployee directors. This plan allows these directors to purchase company stock at a predetermined price within a specified timeframe. By offering stock options, National Surgery Centers aims to align the interests of its nonemployee directors with that of the company and incentivize them to contribute to its growth and success. The Florida Nonemployee Directors Stock Option Plan is designed specifically for nonemployee directors of National Surgery Centers based in Florida. It is an essential tool for attracting and retaining talented individuals to serve on the company's board of directors or its committees. National Surgery Centers recognizes the importance of these directors' expertise, industry knowledge, and contributions, and offers stock options as a form of compensation. The stock options granted under this plan provide nonemployee directors with the right to purchase shares of National Surgery Centers' common stock at a predetermined exercise price. The exercise price is typically set at the fair market value of the stock on the grant date. The option grants may have different vesting schedules, which determine when the directors can exercise their options and acquire the shares. These schedules can be time-based, performance-based, or a combination of both. National Surgery Centers believes that providing stock options to nonemployee directors fosters a sense of ownership and accountability. It aligns their interests with those of the company's shareholders and promotes long-term commitment to the organization's growth and financial performance. The stock options can also serve as a valuable form of additional compensation for their service on the board. In summary, the Florida Nonemployee Directors Stock Option Plan is a key component of National Surgery Centers' compensation package for nonemployee directors in Florida. It offers stock options to incentivize and reward these directors for their contributions to the company's success. By participating in this plan, nonemployee directors have the opportunity to purchase company stock, align their interests with the shareholders, and play an active role in the long-term growth and prosperity of National Surgery Centers.