Maryland 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., a healthcare company operating in Maryland, offers employees the opportunity to participate in their Long Term Incentive Plan (TIP). This plan is designed to reward and retain talented individuals within the organization by providing long-term incentives based on performance and tenure. The Maryland Long Term Incentive Plan of Sierra Health Services, Inc. comprises various types of incentives tailored to meet the specific needs and goals of employees. These incentives aim to foster a culture of excellence, dedication, and loyalty within the organization. 1. Performance-Based Incentives: Sierra Health Services, Inc. offers performance-based incentives as part of their TIP. These incentives are designed to reward employees for achieving pre-determined targets and objectives, such as meeting annual sales goals, improving patient satisfaction scores, or exceeding quality standards. By linking rewards directly to performance, this type of incentive motivates employees to strive for excellence and contribute to the overall success of the organization. 2. Stock Options: Another type of incentive available under the Maryland TIP is stock options. These options give employees the opportunity to purchase shares of Sierra Health Services, Inc. at a predetermined price within a specified timeframe. By offering stock options, the company aligns the interests of its employees with those of shareholders, promoting a sense of ownership and engagement in the long-term success of the organization. 3. Restricted Stock Units (RSS): RSS are another component of Sierra Health Services, Inc.'s TIP. This type of incentive grants employees the right to receive shares of company stock after a certain vesting period. RSS encourage employees to stay with the company for an extended period, as they only receive the awarded shares upon completing the predetermined timeframe. This incentivizes long-term commitment and loyalty among staff members. 4. Cash Bonuses: In addition to stock-based incentives, Sierra Health Services, Inc.'s TIP also includes cash bonuses. These bonuses are typically awarded based on a combination of individual and company-wide performance indicators. By providing immediate financial rewards, cash bonuses offer employees an immediate sense of recognition for their hard work and contributions. 5. Retirement Benefits: Sierra Health Services, Inc. also offers retirement-focused incentives as part of their TIP. These incentives can include contributions to employee retirement accounts, such as 401(k) plans, and employer-matching programs. By providing long-term savings benefits, the company ensures that employees are financially prepared for their post-career years while also encouraging long-term dedication and loyalty. Sierra Health Services, Inc. understands the importance of recognizing and rewarding employees for their contributions, performance, and long-term commitment. Through its Maryland Long Term Incentive Plan, the company offers various types of incentives, including performance-based rewards, stock options, restricted stock units, cash bonuses, and retirement benefits. By implementing these incentives, Sierra Health Services, Inc. aims to attract, retain, and motivate top talent while fostering a culture of success and employee satisfaction.

Sierra Health Services, Inc., a healthcare company operating in Maryland, offers employees the opportunity to participate in their Long Term Incentive Plan (TIP). This plan is designed to reward and retain talented individuals within the organization by providing long-term incentives based on performance and tenure. The Maryland Long Term Incentive Plan of Sierra Health Services, Inc. comprises various types of incentives tailored to meet the specific needs and goals of employees. These incentives aim to foster a culture of excellence, dedication, and loyalty within the organization. 1. Performance-Based Incentives: Sierra Health Services, Inc. offers performance-based incentives as part of their TIP. These incentives are designed to reward employees for achieving pre-determined targets and objectives, such as meeting annual sales goals, improving patient satisfaction scores, or exceeding quality standards. By linking rewards directly to performance, this type of incentive motivates employees to strive for excellence and contribute to the overall success of the organization. 2. Stock Options: Another type of incentive available under the Maryland TIP is stock options. These options give employees the opportunity to purchase shares of Sierra Health Services, Inc. at a predetermined price within a specified timeframe. By offering stock options, the company aligns the interests of its employees with those of shareholders, promoting a sense of ownership and engagement in the long-term success of the organization. 3. Restricted Stock Units (RSS): RSS are another component of Sierra Health Services, Inc.'s TIP. This type of incentive grants employees the right to receive shares of company stock after a certain vesting period. RSS encourage employees to stay with the company for an extended period, as they only receive the awarded shares upon completing the predetermined timeframe. This incentivizes long-term commitment and loyalty among staff members. 4. Cash Bonuses: In addition to stock-based incentives, Sierra Health Services, Inc.'s TIP also includes cash bonuses. These bonuses are typically awarded based on a combination of individual and company-wide performance indicators. By providing immediate financial rewards, cash bonuses offer employees an immediate sense of recognition for their hard work and contributions. 5. Retirement Benefits: Sierra Health Services, Inc. also offers retirement-focused incentives as part of their TIP. These incentives can include contributions to employee retirement accounts, such as 401(k) plans, and employer-matching programs. By providing long-term savings benefits, the company ensures that employees are financially prepared for their post-career years while also encouraging long-term dedication and loyalty. Sierra Health Services, Inc. understands the importance of recognizing and rewarding employees for their contributions, performance, and long-term commitment. Through its Maryland Long Term Incentive Plan, the company offers various types of incentives, including performance-based rewards, stock options, restricted stock units, cash bonuses, and retirement benefits. By implementing these incentives, Sierra Health Services, Inc. aims to attract, retain, and motivate top talent while fostering a culture of success and employee satisfaction.