Massachusetts 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. offers a variety of long-term incentive plans in Massachusetts. These plans are designed to attract, retain, and motivate talented individuals within the organization by providing them with additional compensation and benefits based on their performance and tenure. Here are the different types of Massachusetts Long-Term Incentive Plans offered by Sierra Health Services, Inc.: 1. Equity-Based Incentive Plan: This type of plan awards eligible employees with equity-based compensation, such as stock options, restricted stock units (RSS), or performance share units (Plus). These awards are typically tied to the company's long-term performance and align the interests of employees with the success of Sierra Health Services, Inc. 2. Cash Incentive Plan: The cash incentive plan offers eligible employees the opportunity to earn non-equity-based bonuses or rewards based on predetermined performance targets or objectives. These targets may include individual, team, or company-wide goals and are often set annually or over a longer-term period. 3. Deferred Compensation Plan: Sierra Health Services, Inc. also provides a deferred compensation plan where employees can defer a portion of their annual salary or bonuses into a separate account. These funds are usually invested and grow tax-deferred until retirement or another designated date. This plan not only offers financial benefits but also helps attract and retain key employees. 4. Performance-Based Incentive Plan: This plan aims to reward employees based on their individual and/or team performance. Eligible employees can earn incentives in the form of cash, equity, or both, depending on predefined performance metrics. Performance-based incentives provide motivation for employees to achieve specific targets and drive overall business success. 5. Long-Term Sales Incentive Plan: This particular plan is designed for employees in sales roles. It provides them with the opportunity to earn additional compensation based on their sales performance over an extended period. This type of plan aims to recognize and reward high-performing sales professionals while encouraging them to maintain and expand their sales achievements. The Massachusetts Long-Term Incentive Plans offered by Sierra Health Services, Inc. are designed to foster a culture of excellence, innovation, and collaboration. These plans provide employees with the opportunity to share in the success of the company while incentivizing their long-term commitment and dedication to the organization.