Iowa 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 Iowa Long Term Incentive Plan (IL TIP) of Sierra Health Services, Inc. is an employee compensation program designed to reward long-term performance, retention, and loyalty. This plan is specifically tailored for employees of Sierra Health Services, Inc. who work in the state of Iowa. Under the IL TIP, employees are eligible to participate in various incentive mechanisms that encourage them to contribute to the company's growth and success over an extended period. These incentives are structured to align the interests of employees with the long-term objectives and financial goals of Sierra Health Services, Inc. The IL TIP offers several types of incentives, each serving a specific purpose: 1. Stock Options: This component grants eligible employees the right to purchase shares of the company's stock at a predetermined price within a specified time frame. This encourages employees to actively contribute to the organization's success and share in its future growth. 2. Restricted Stock Units (RSS): RSS are a form of company stock awarded to employees, usually subject to a vesting period. Employees receive these units as part of their compensation package or in recognition of their performance. RSS offer employees an opportunity to earn a stake in the company, further solidifying their commitment to its long-term success. 3. Performance Bonuses: Sierra Health Services, Inc. may offer performance-based bonuses within the IL TIP to reward exceptional individual or team achievements. These bonuses are typically linked to predetermined performance metrics and are designed to motivate employees to perform at their best. 4. Profit-Sharing: Profit-sharing is a component within IL TIP that allows employees to receive a portion of the company's profits. This incentivizes employees to contribute to the company's financial success by aligning their efforts with the organization's objectives. 5. Retention Bonuses: In order to retain key talent, Sierra Health Services, Inc. may provide retention bonuses as part of the IL TIP. These bonuses are offered to employees who have completed a certain number of years with the company, further emphasizing the importance of long-term commitment. It's important to note that the specific structure and components of Sierra Health Services, Inc.'s IL TIP may vary over time or be subject to change based on company policies and market conditions. The plan is reviewed periodically to ensure its effectiveness in attracting and retaining talented individuals while supporting the organization's growth and success in the dynamic healthcare industry.

The Iowa Long Term Incentive Plan (IL TIP) of Sierra Health Services, Inc. is an employee compensation program designed to reward long-term performance, retention, and loyalty. This plan is specifically tailored for employees of Sierra Health Services, Inc. who work in the state of Iowa. Under the IL TIP, employees are eligible to participate in various incentive mechanisms that encourage them to contribute to the company's growth and success over an extended period. These incentives are structured to align the interests of employees with the long-term objectives and financial goals of Sierra Health Services, Inc. The IL TIP offers several types of incentives, each serving a specific purpose: 1. Stock Options: This component grants eligible employees the right to purchase shares of the company's stock at a predetermined price within a specified time frame. This encourages employees to actively contribute to the organization's success and share in its future growth. 2. Restricted Stock Units (RSS): RSS are a form of company stock awarded to employees, usually subject to a vesting period. Employees receive these units as part of their compensation package or in recognition of their performance. RSS offer employees an opportunity to earn a stake in the company, further solidifying their commitment to its long-term success. 3. Performance Bonuses: Sierra Health Services, Inc. may offer performance-based bonuses within the IL TIP to reward exceptional individual or team achievements. These bonuses are typically linked to predetermined performance metrics and are designed to motivate employees to perform at their best. 4. Profit-Sharing: Profit-sharing is a component within IL TIP that allows employees to receive a portion of the company's profits. This incentivizes employees to contribute to the company's financial success by aligning their efforts with the organization's objectives. 5. Retention Bonuses: In order to retain key talent, Sierra Health Services, Inc. may provide retention bonuses as part of the IL TIP. These bonuses are offered to employees who have completed a certain number of years with the company, further emphasizing the importance of long-term commitment. It's important to note that the specific structure and components of Sierra Health Services, Inc.'s IL TIP may vary over time or be subject to change based on company policies and market conditions. The plan is reviewed periodically to ensure its effectiveness in attracting and retaining talented individuals while supporting the organization's growth and success in the dynamic healthcare industry.