North Carolina 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 North Carolina Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive and competitive incentive program designed to attract and retain top talent within the organization. This carefully structured plan serves as a tool for motivating employees to achieve long-term strategic goals, enhancing employee engagement, and aligning their interests with the company's objectives. Sierra Health Services, Inc. provides different types of long-term incentive plans in North Carolina to ensure a diverse range of options that can cater to various employee needs and circumstances. Some key types of plans offered by Sierra Health Services, Inc. include: 1. Stock Options: This program allows eligible employees to purchase company stocks at a predetermined price within a specific time frame. As the stock value increases, employees can benefit from capital gains. 2. Restricted Stock Units (RSS): Under this plan, eligible employees receive a grant of company stock upfront, which typically vests over a specific period. Once the units fully vest, employees gain ownership of the stocks, providing them with a financial stake in the company's success. 3. Performance Shares: This program ties the grant of company shares to pre-determined performance goals. Employees are awarded shares based on their achievement of these goals, which encourages a focus on improving individual and company performance. 4. Cash-Based Awards: In addition to equity-based plans, Sierra Health Services, Inc. may offer cash-based awards as part of the long-term incentive plan. These awards can be in the form of cash bonuses or other non-equity financial incentives, rewarding employees for meeting or exceeding performance targets. 5. Employee Stock Purchase Plan (ESPN): This plan allows eligible employees to contribute a portion of their salary to purchase company stock at a discounted price. The ESPN encourages long-term investment in the company while offering employees the potential for capital appreciation. 6. Phantom Stock: A Phantom Stock plan provides eligible employees with a performance-based bonus in cash or company stock, correlated to the company's value. It offers employees the benefits of ownership without actual stock ownership. These different types of long-term incentive plans incentivize employees to contribute to the long-term growth and success of Sierra Health Services, Inc. The plans are designed to align the interests of employees and shareholders, creating a sense of ownership and commitment while ensuring financial rewards for their contributions.

The North Carolina Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive and competitive incentive program designed to attract and retain top talent within the organization. This carefully structured plan serves as a tool for motivating employees to achieve long-term strategic goals, enhancing employee engagement, and aligning their interests with the company's objectives. Sierra Health Services, Inc. provides different types of long-term incentive plans in North Carolina to ensure a diverse range of options that can cater to various employee needs and circumstances. Some key types of plans offered by Sierra Health Services, Inc. include: 1. Stock Options: This program allows eligible employees to purchase company stocks at a predetermined price within a specific time frame. As the stock value increases, employees can benefit from capital gains. 2. Restricted Stock Units (RSS): Under this plan, eligible employees receive a grant of company stock upfront, which typically vests over a specific period. Once the units fully vest, employees gain ownership of the stocks, providing them with a financial stake in the company's success. 3. Performance Shares: This program ties the grant of company shares to pre-determined performance goals. Employees are awarded shares based on their achievement of these goals, which encourages a focus on improving individual and company performance. 4. Cash-Based Awards: In addition to equity-based plans, Sierra Health Services, Inc. may offer cash-based awards as part of the long-term incentive plan. These awards can be in the form of cash bonuses or other non-equity financial incentives, rewarding employees for meeting or exceeding performance targets. 5. Employee Stock Purchase Plan (ESPN): This plan allows eligible employees to contribute a portion of their salary to purchase company stock at a discounted price. The ESPN encourages long-term investment in the company while offering employees the potential for capital appreciation. 6. Phantom Stock: A Phantom Stock plan provides eligible employees with a performance-based bonus in cash or company stock, correlated to the company's value. It offers employees the benefits of ownership without actual stock ownership. These different types of long-term incentive plans incentivize employees to contribute to the long-term growth and success of Sierra Health Services, Inc. The plans are designed to align the interests of employees and shareholders, creating a sense of ownership and commitment while ensuring financial rewards for their contributions.