Kansas 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 Kansas Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive program designed to incentivize employees and provide long-term benefits. This plan is specifically designed for employees of Sierra Health Services, Inc. and offers various types of incentives to foster employee motivation, loyalty, and long-term engagement. One of the primary goals of the Kansas Long Term Incentive Plan is to provide employees with financial rewards based on their commitment and performance over an extended period. It encourages staff members to focus on the company's long-term goals, reinforcing a positive work environment that aligns individual success with organizational success. Keywords: Kansas Long Term Incentive Plan, Sierra Health Services, employee incentives, long-term benefits, motivation, loyalty, employee engagement, financial rewards, commitment, performance, positive work environment, organizational success. Different types of the Kansas Long Term Incentive Plan may include: 1. Performance-based Incentives: This type of plan awards employees based on their performance metrics, such as achieving predetermined targets, meeting key performance indicators, or exceeding sales goals. Rewards may include cash bonuses, stock options, or profit-sharing opportunities. 2. Restricted Stock Units (RSS): RSS are an equity-based incentive that grants employees ownership rights in the company after a certain vesting period. This long-term approach aligns the interests of the employees with the company's performance and stock value. 3. Stock Appreciation Rights (SARS): SARS provide employees with the right to receive the appreciation in the company's stock price over a specific period. Employees can claim the monetary value difference between the stock price at the grant date and the exercise date. 4. Employee Stock Purchase Plan (ESPN): This plan allows employees to purchase company stock at a discounted price, often through payroll deductions. The ESPN promotes employee ownership and offers the potential for long-term financial gains. 5. Retirement and deferred compensation plans: These plans offer employees deferred compensation options and retirement savings programs, such as 401(k) or pension plans. They provide a long-term financial security element to the overall incentives package. 6. Performance Share Units (Plus): Plus are performance-based incentives that grant employees with shares of stock based on the achievement of specific performance goals. These goals may involve financial, operational, or strategic objectives set by the company. It's essential for Sierra Health Services, Inc. to offer a variety of Kansas Long Term Incentive Plans to cater to different employee roles, preferences, and goals. By implementing these plans, the company can cultivate a motivated workforce, retain top talent, and drive long-term performance and growth. Keywords: Performance-based incentives, restricted stock units, stock appreciation rights, employee stock purchase plan, retirement plans, deferred compensation, performance share units, long-term performance, talent retention, workforce motivation, growth.

The Kansas Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive program designed to incentivize employees and provide long-term benefits. This plan is specifically designed for employees of Sierra Health Services, Inc. and offers various types of incentives to foster employee motivation, loyalty, and long-term engagement. One of the primary goals of the Kansas Long Term Incentive Plan is to provide employees with financial rewards based on their commitment and performance over an extended period. It encourages staff members to focus on the company's long-term goals, reinforcing a positive work environment that aligns individual success with organizational success. Keywords: Kansas Long Term Incentive Plan, Sierra Health Services, employee incentives, long-term benefits, motivation, loyalty, employee engagement, financial rewards, commitment, performance, positive work environment, organizational success. Different types of the Kansas Long Term Incentive Plan may include: 1. Performance-based Incentives: This type of plan awards employees based on their performance metrics, such as achieving predetermined targets, meeting key performance indicators, or exceeding sales goals. Rewards may include cash bonuses, stock options, or profit-sharing opportunities. 2. Restricted Stock Units (RSS): RSS are an equity-based incentive that grants employees ownership rights in the company after a certain vesting period. This long-term approach aligns the interests of the employees with the company's performance and stock value. 3. Stock Appreciation Rights (SARS): SARS provide employees with the right to receive the appreciation in the company's stock price over a specific period. Employees can claim the monetary value difference between the stock price at the grant date and the exercise date. 4. Employee Stock Purchase Plan (ESPN): This plan allows employees to purchase company stock at a discounted price, often through payroll deductions. The ESPN promotes employee ownership and offers the potential for long-term financial gains. 5. Retirement and deferred compensation plans: These plans offer employees deferred compensation options and retirement savings programs, such as 401(k) or pension plans. They provide a long-term financial security element to the overall incentives package. 6. Performance Share Units (Plus): Plus are performance-based incentives that grant employees with shares of stock based on the achievement of specific performance goals. These goals may involve financial, operational, or strategic objectives set by the company. It's essential for Sierra Health Services, Inc. to offer a variety of Kansas Long Term Incentive Plans to cater to different employee roles, preferences, and goals. By implementing these plans, the company can cultivate a motivated workforce, retain top talent, and drive long-term performance and growth. Keywords: Performance-based incentives, restricted stock units, stock appreciation rights, employee stock purchase plan, retirement plans, deferred compensation, performance share units, long-term performance, talent retention, workforce motivation, growth.