Idaho 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 Idaho Long Term Incentive Plan (TIP) offered by Sierra Health Services, Inc. is a comprehensive employee benefit program designed to reward long-term commitment and performance. This plan is specifically tailored for employees based in Idaho and provides various types of incentives to promote employee engagement, retention, and loyalty. The primary goal of the Idaho TIP is to align the interests of Sierra Health Services, Inc. with its employees' personal and professional growth. By offering attractive long-term incentives, the company aims to motivate its workforce to contribute to the organization's success while fostering career development opportunities. There are several types of Idaho Lips available within Sierra Health Services, Inc., each with its specific features and eligibility criteria: 1. Stock Option Plans: This TIP allows eligible employees to purchase company stock at a predetermined price within a specified time frame. It offers the potential for significant financial gain if the company's stock value increases over time. 2. Restricted Stock Units (RSS): Under this plan, eligible employees receive a grant of non-tradable stock units, subject to certain vesting conditions and restrictions. Once vesting requirements are met, RSS convert into actual company stocks, providing a tangible ownership stake for the employees. 3. Performance-Based Incentive Plans: These Lips tie rewards and incentives to predefined performance goals and targets. Employees receive additional compensation or equity grants based on individual, team, or company-wide achievements. Such plans foster a culture of performance-driven excellence within the organization. 4. Cash Bonus Programs: In addition to equity-based Lips, Sierra Health Services, Inc. may offer cash bonuses to employees as part of the Idaho TIP. These bonuses may be linked to performance metrics, individual contributions, or company profitability, providing immediate financial rewards. 5. Retirement Savings Plans: Promoting long-term financial stability, Sierra Health Services, Inc. may offer retirement savings plans as an TIP component. Employees can contribute a portion of their salary to these plans, and the company may provide matching contributions, enhancing employees' financial well-being after retirement. It's important to note that the specific details, eligibility requirements, and allocation of TIP benefits may vary among different employee levels, job roles, and tenure within Sierra Health Services, Inc. Employees are encouraged to refer to their individual TIP agreements, employee handbooks, or consult with the company's HR department for comprehensive information on their specific TIP provisions. Overall, the Idaho Long Term Incentive Plan of Sierra Health Services, Inc. aims to attract, retain, and inspire talented employees by offering diverse incentives that align employees' long-term goals with the company's overall success, creating a mutually beneficial relationship for all stakeholders involved.

The Idaho Long Term Incentive Plan (TIP) offered by Sierra Health Services, Inc. is a comprehensive employee benefit program designed to reward long-term commitment and performance. This plan is specifically tailored for employees based in Idaho and provides various types of incentives to promote employee engagement, retention, and loyalty. The primary goal of the Idaho TIP is to align the interests of Sierra Health Services, Inc. with its employees' personal and professional growth. By offering attractive long-term incentives, the company aims to motivate its workforce to contribute to the organization's success while fostering career development opportunities. There are several types of Idaho Lips available within Sierra Health Services, Inc., each with its specific features and eligibility criteria: 1. Stock Option Plans: This TIP allows eligible employees to purchase company stock at a predetermined price within a specified time frame. It offers the potential for significant financial gain if the company's stock value increases over time. 2. Restricted Stock Units (RSS): Under this plan, eligible employees receive a grant of non-tradable stock units, subject to certain vesting conditions and restrictions. Once vesting requirements are met, RSS convert into actual company stocks, providing a tangible ownership stake for the employees. 3. Performance-Based Incentive Plans: These Lips tie rewards and incentives to predefined performance goals and targets. Employees receive additional compensation or equity grants based on individual, team, or company-wide achievements. Such plans foster a culture of performance-driven excellence within the organization. 4. Cash Bonus Programs: In addition to equity-based Lips, Sierra Health Services, Inc. may offer cash bonuses to employees as part of the Idaho TIP. These bonuses may be linked to performance metrics, individual contributions, or company profitability, providing immediate financial rewards. 5. Retirement Savings Plans: Promoting long-term financial stability, Sierra Health Services, Inc. may offer retirement savings plans as an TIP component. Employees can contribute a portion of their salary to these plans, and the company may provide matching contributions, enhancing employees' financial well-being after retirement. It's important to note that the specific details, eligibility requirements, and allocation of TIP benefits may vary among different employee levels, job roles, and tenure within Sierra Health Services, Inc. Employees are encouraged to refer to their individual TIP agreements, employee handbooks, or consult with the company's HR department for comprehensive information on their specific TIP provisions. Overall, the Idaho Long Term Incentive Plan of Sierra Health Services, Inc. aims to attract, retain, and inspire talented employees by offering diverse incentives that align employees' long-term goals with the company's overall success, creating a mutually beneficial relationship for all stakeholders involved.