Montana Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-185C
• Format: Word; Rich Text

Description

18-185C 18-185C . . . Non-employee Directors Stock Option Plan under which Class II Non-employee directors receive options for 5,000 shares, all fully vested; Class II Non-employee directors receive options for 7,500 shares, of which 5,000 are fully vested and 2,500 vest on date of 1997 annual stockholders meeting; and Class I Non-employee directors receive options for 10,000 shares, of which 5,000 are fully vested, 2,500 vest on date of 1997 annual stockholders meeting, and 2,500 vest on date of 1998 annual stockholders meeting. Thereafter, each Non-employee director automatically receives an option on his or her election or re-election as director. Each such option is for 7,500 shares if director is elected to full three year term, of which 2,500 is vested, 2,500 vests on first anniversary of grant, and 2,500 vests on second anniversary of grant. If director is elected to fill term of less than three years, number of shares is equal to 2,500 for each full year of his or her term The Montana Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a compensation program designed to reward non-employee directors of the company with stock options. This plan serves as an incentive for directors to contribute their knowledge, expertise, and guidance towards the success of the organization. Here are some relevant keywords to further describe this plan: 1. National Surgery Centers, Inc.: This is the name of the company that has established the Montana Nonemployee Directors Stock Option Plan. National Surgery Centers, Inc. is a reputable organization operating in Montana. 2. Nonemployee Directors: This plan specifically caters to directors who are not employed by the company but hold positions on the board. It recognizes their valuable contribution and provides them with an opportunity to benefit from the company's success. 3. Stock Options: Stock options are the primary form of compensation offered under this plan. They give directors the right to purchase company stock at a predetermined price, usually at a future date. This allows directors to align their interests with shareholders and potentially profit from the appreciation of the company's stock price. 4. Compensation Program: The Montana Nonemployee Directors Stock Option Plan is a structured compensation program designed to attract and retain talented individuals on the board of National Surgery Centers, Inc. It goes beyond regular director fees or board compensation and offers additional incentives in the form of stock options. 5. Incentive Program: This plan serves as an incentive for non-employee directors to actively participate in the growth and success of the company. The stock options provide an additional motivating factor, as directors have the potential to directly share in the company's prosperity. Different Types of Montana Nonemployee Directors Stock Option Plans offered by National Surgery Centers, Inc. may include: 1. Montana Nonemployee Directors Stock Option Plan — Annual: This type of plan might grant stock options to non-employee directors on an annual basis. It ensures a consistent incentive structure by providing new options each year. 2. Montana Nonemployee Directors Stock Option Plan — Performance-Based: In this plan, stock options are granted to non-employee directors based on the achievement of specific performance targets or milestones, such as revenue growth, profitability, or successful completion of strategic initiatives. 3. Montana Nonemployee Directors Stock Option Plan — Vesting Schedule: This type of plan may involve a vesting schedule, which determines the timeline during which directors become eligible to exercise their stock options. The vesting might occur over a specified period, ensuring directors' continued commitment to the company's long-term success. Overall, the Montana Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive compensation program designed to attract, motivate, and retain talented individuals serving as non-employee directors. It enables them to share in the company's success through stock options, aligning their interests with the shareholders and promoting collective prosperity.

The Montana Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a compensation program designed to reward non-employee directors of the company with stock options. This plan serves as an incentive for directors to contribute their knowledge, expertise, and guidance towards the success of the organization. Here are some relevant keywords to further describe this plan: 1. National Surgery Centers, Inc.: This is the name of the company that has established the Montana Nonemployee Directors Stock Option Plan. National Surgery Centers, Inc. is a reputable organization operating in Montana. 2. Nonemployee Directors: This plan specifically caters to directors who are not employed by the company but hold positions on the board. It recognizes their valuable contribution and provides them with an opportunity to benefit from the company's success. 3. Stock Options: Stock options are the primary form of compensation offered under this plan. They give directors the right to purchase company stock at a predetermined price, usually at a future date. This allows directors to align their interests with shareholders and potentially profit from the appreciation of the company's stock price. 4. Compensation Program: The Montana Nonemployee Directors Stock Option Plan is a structured compensation program designed to attract and retain talented individuals on the board of National Surgery Centers, Inc. It goes beyond regular director fees or board compensation and offers additional incentives in the form of stock options. 5. Incentive Program: This plan serves as an incentive for non-employee directors to actively participate in the growth and success of the company. The stock options provide an additional motivating factor, as directors have the potential to directly share in the company's prosperity. Different Types of Montana Nonemployee Directors Stock Option Plans offered by National Surgery Centers, Inc. may include: 1. Montana Nonemployee Directors Stock Option Plan — Annual: This type of plan might grant stock options to non-employee directors on an annual basis. It ensures a consistent incentive structure by providing new options each year. 2. Montana Nonemployee Directors Stock Option Plan — Performance-Based: In this plan, stock options are granted to non-employee directors based on the achievement of specific performance targets or milestones, such as revenue growth, profitability, or successful completion of strategic initiatives. 3. Montana Nonemployee Directors Stock Option Plan — Vesting Schedule: This type of plan may involve a vesting schedule, which determines the timeline during which directors become eligible to exercise their stock options. The vesting might occur over a specified period, ensuring directors' continued commitment to the company's long-term success. Overall, the Montana Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive compensation program designed to attract, motivate, and retain talented individuals serving as non-employee directors. It enables them to share in the company's success through stock options, aligning their interests with the shareholders and promoting collective prosperity.