Indiana 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 Sierra Health Services, Inc. is a prominent healthcare organization based in Indiana that offers long term incentive plans for its employees. These plans are designed to reward and retain talented individuals who contribute to the company's success and long-term growth. The Indiana Long Term Incentive Plan provided by Sierra Health Services, Inc. serves as a means to encourage employee performance and loyalty. It is an integral part of the company's overall compensation package and aims to motivate employees to achieve long-term goals and objectives. The plan offers various types of incentives to eligible employees, depending on their level of responsibility and contribution. Some common types of Indiana Long Term Incentive Plans offered by Sierra Health Services, Inc. include: 1. Stock Options: This type of incentive grants eligible employees the right to purchase company stock at a predetermined price within a specified timeframe. It allows employees to benefit from the company's financial success, as the value of the stock increases over time. 2. Restricted Stock Units (RSS): RSS provide employees with an opportunity to receive shares of company stock as a reward for their performance or tenure. However, the shares are subject to certain vesting conditions, ensuring that employees remain committed to the organization over the long term. 3. Performance Share Units (Plus): Plus are awarded to employees based on the achievement of specific performance targets. They are designed to align employee efforts with the company's strategic goals and create a sense of ownership and accountability. 4. Cash Bonus Plans: In addition to stock-based incentives, Sierra Health Services, Inc. may offer cash bonuses to employees as part of their long-term incentive plan. These bonuses are typically tied to the company's financial performance and the employee's individual contribution towards achieving key objectives. It is important to note that the specific details and eligibility criteria of the Indiana Long Term Incentive Plan of Sierra Health Services, Inc. may vary depending on an employee's position, performance, and length of service. The plan is carefully crafted to ensure fairness and transparency, providing employees with a clear understanding of the rewards they may receive. Sierra Health Services, Inc. recognizes the value of attracting and retaining top talent, and the Indiana Long Term Incentive Plan is a crucial tool in achieving this objective. By offering a comprehensive range of incentives, the company aims to motivate and engage employees, ultimately driving the organization's success in delivering high-quality healthcare services to the Indiana community.

Sierra Health Services, Inc. is a prominent healthcare organization based in Indiana that offers long term incentive plans for its employees. These plans are designed to reward and retain talented individuals who contribute to the company's success and long-term growth. The Indiana Long Term Incentive Plan provided by Sierra Health Services, Inc. serves as a means to encourage employee performance and loyalty. It is an integral part of the company's overall compensation package and aims to motivate employees to achieve long-term goals and objectives. The plan offers various types of incentives to eligible employees, depending on their level of responsibility and contribution. Some common types of Indiana Long Term Incentive Plans offered by Sierra Health Services, Inc. include: 1. Stock Options: This type of incentive grants eligible employees the right to purchase company stock at a predetermined price within a specified timeframe. It allows employees to benefit from the company's financial success, as the value of the stock increases over time. 2. Restricted Stock Units (RSS): RSS provide employees with an opportunity to receive shares of company stock as a reward for their performance or tenure. However, the shares are subject to certain vesting conditions, ensuring that employees remain committed to the organization over the long term. 3. Performance Share Units (Plus): Plus are awarded to employees based on the achievement of specific performance targets. They are designed to align employee efforts with the company's strategic goals and create a sense of ownership and accountability. 4. Cash Bonus Plans: In addition to stock-based incentives, Sierra Health Services, Inc. may offer cash bonuses to employees as part of their long-term incentive plan. These bonuses are typically tied to the company's financial performance and the employee's individual contribution towards achieving key objectives. It is important to note that the specific details and eligibility criteria of the Indiana Long Term Incentive Plan of Sierra Health Services, Inc. may vary depending on an employee's position, performance, and length of service. The plan is carefully crafted to ensure fairness and transparency, providing employees with a clear understanding of the rewards they may receive. Sierra Health Services, Inc. recognizes the value of attracting and retaining top talent, and the Indiana Long Term Incentive Plan is a crucial tool in achieving this objective. By offering a comprehensive range of incentives, the company aims to motivate and engage employees, ultimately driving the organization's success in delivering high-quality healthcare services to the Indiana community.