Montana 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 prominent healthcare organization, offers a comprehensive and attractive compensation package to its employees, including the Montana Long Term Incentive Plan. This plan aims to recognize and reward long-term commitment and exceptional performance by providing additional incentives and benefits to eligible individuals. The Montana Long Term Incentive Plan of Sierra Health Services, Inc. serves as a means to retain top talent, motivate employees to achieve organizational goals, and align their interests with the company's long-term growth and success. By offering enticing rewards, this plan encourages employees' dedication, loyalty, and active participation in the organization's strategic objectives. Key features of the Montana Long Term Incentive Plan may include annual bonuses, stock options, stock appreciation rights, restricted stock units (RSS), performance units, and performance shares. These different types of incentives are designed to cater to the diverse needs and preferences of Sierra Health Services' workforce. 1. Annual Bonuses: This form of incentive is based on measurable factors such as individual performance, team achievements, or company-wide targets. Employees meeting or exceeding predetermined goals are eligible for a monetary reward, commonly distributed at the end of each fiscal year. 2. Stock Options: Sierra Health Services may grant eligible employees the right to purchase company shares at a predetermined exercise price. These options typically have a vesting period during which employees must remain with the company to fully acquire the shares. 3. Stock Appreciation Rights: Similar to stock options, stock appreciation rights provide employees with the opportunity to benefit from the company's growth. Instead of purchasing shares, employees receive the monetary equivalent of the stock's appreciation over a specific period. 4. Restricted Stock Units (RSS): RSS grant employees the right to receive a predetermined number of company shares at a future date. However, until the vesting conditions are met (e.g., time served, performance goals achieved), employees cannot sell or transfer the granted shares. 5. Performance Units: This type of incentive is tied to a defined set of performance criteria or milestones that, when achieved, entitle employees to receive a specific number of units. These units convert into financial rewards or company shares upon fulfillment of predetermined conditions. 6. Performance Shares: Similar to performance units, performance shares grant employees the right to receive shares based on predefined performance metrics. The number of shares allocated hinges upon the extent to which the specified targets are accomplished. It is essential to note that the specific details and availability of these types of incentives may vary depending on an employee's position, level, and duration of service within Sierra Health Services, as well as the overall company performance. Sierra Health Services, Inc.'s Montana Long Term Incentive Plan serves as a valuable tool to attract, motivate, and retain talented employees. By offering a diverse range of incentives, this plan underscores the organization's commitment to rewarding dedication, achieving excellence, and ensuring long-term growth in the healthcare industry.

Sierra Health Services, Inc., a prominent healthcare organization, offers a comprehensive and attractive compensation package to its employees, including the Montana Long Term Incentive Plan. This plan aims to recognize and reward long-term commitment and exceptional performance by providing additional incentives and benefits to eligible individuals. The Montana Long Term Incentive Plan of Sierra Health Services, Inc. serves as a means to retain top talent, motivate employees to achieve organizational goals, and align their interests with the company's long-term growth and success. By offering enticing rewards, this plan encourages employees' dedication, loyalty, and active participation in the organization's strategic objectives. Key features of the Montana Long Term Incentive Plan may include annual bonuses, stock options, stock appreciation rights, restricted stock units (RSS), performance units, and performance shares. These different types of incentives are designed to cater to the diverse needs and preferences of Sierra Health Services' workforce. 1. Annual Bonuses: This form of incentive is based on measurable factors such as individual performance, team achievements, or company-wide targets. Employees meeting or exceeding predetermined goals are eligible for a monetary reward, commonly distributed at the end of each fiscal year. 2. Stock Options: Sierra Health Services may grant eligible employees the right to purchase company shares at a predetermined exercise price. These options typically have a vesting period during which employees must remain with the company to fully acquire the shares. 3. Stock Appreciation Rights: Similar to stock options, stock appreciation rights provide employees with the opportunity to benefit from the company's growth. Instead of purchasing shares, employees receive the monetary equivalent of the stock's appreciation over a specific period. 4. Restricted Stock Units (RSS): RSS grant employees the right to receive a predetermined number of company shares at a future date. However, until the vesting conditions are met (e.g., time served, performance goals achieved), employees cannot sell or transfer the granted shares. 5. Performance Units: This type of incentive is tied to a defined set of performance criteria or milestones that, when achieved, entitle employees to receive a specific number of units. These units convert into financial rewards or company shares upon fulfillment of predetermined conditions. 6. Performance Shares: Similar to performance units, performance shares grant employees the right to receive shares based on predefined performance metrics. The number of shares allocated hinges upon the extent to which the specified targets are accomplished. It is essential to note that the specific details and availability of these types of incentives may vary depending on an employee's position, level, and duration of service within Sierra Health Services, as well as the overall company performance. Sierra Health Services, Inc.'s Montana Long Term Incentive Plan serves as a valuable tool to attract, motivate, and retain talented employees. By offering a diverse range of incentives, this plan underscores the organization's commitment to rewarding dedication, achieving excellence, and ensuring long-term growth in the healthcare industry.