Nebraska 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. introduces the Nebraska Long Term Incentive Plan as a comprehensive employee reward program designed to motivate and retain talented individuals. This plan encompasses several types of incentives tailored to the specific needs and goals of the company and its employees. 1. Performance-Based Incentives: The Nebraska Long Term Incentive Plan offers performance-based rewards, emphasizing individual and team achievements. It includes bonuses and annual performance reviews to acknowledge exemplary work and encourage consistent growth. 2. Stock Options: As part of the Nebraska Long Term Incentive Plan, Sierra Health Services, Inc. grants eligible employees stock options. This allows them to purchase company stock at a predetermined price, giving them an opportunity to benefit from the company's success and financial growth. 3. Restricted Stock Units (RSS): Another component of the plan, RSS, grants employees a specific number of company shares that typically vest over a specific period. This serves as an incentive for employees to remain with the company for the long term, supporting their commitment and alignment with the organization's objectives. 4. Employee Profit Sharing: The Nebraska Long Term Incentive Plan includes profit-sharing initiatives that distribute a portion of the company's profits among eligible employees. This provides an additional incentive for employees to contribute to the company's overall success. 5. Retention Bonuses: Sierra Health Services, Inc. acknowledges the value of retaining talented individuals by offering retention bonuses through the Nebraska Long Term Incentive Plan. These bonuses act as incentives for employees to stay with the company for an extended period, contributing to its stability and growth. Sierra Health Services, Inc. firmly believes that the Nebraska Long Term Incentive Plan plays a vital role in attracting, motivating, and retaining high-performing employees. It serves as an integral part of the company's commitment to creating a positive work environment, fostering loyalty, and driving long-term success. By providing a variety of incentives tailored to each employee's needs and performance, the plan aims to cultivate a highly engaged workforce dedicated to achieving both individual and organizational objectives.

Sierra Health Services, Inc. introduces the Nebraska Long Term Incentive Plan as a comprehensive employee reward program designed to motivate and retain talented individuals. This plan encompasses several types of incentives tailored to the specific needs and goals of the company and its employees. 1. Performance-Based Incentives: The Nebraska Long Term Incentive Plan offers performance-based rewards, emphasizing individual and team achievements. It includes bonuses and annual performance reviews to acknowledge exemplary work and encourage consistent growth. 2. Stock Options: As part of the Nebraska Long Term Incentive Plan, Sierra Health Services, Inc. grants eligible employees stock options. This allows them to purchase company stock at a predetermined price, giving them an opportunity to benefit from the company's success and financial growth. 3. Restricted Stock Units (RSS): Another component of the plan, RSS, grants employees a specific number of company shares that typically vest over a specific period. This serves as an incentive for employees to remain with the company for the long term, supporting their commitment and alignment with the organization's objectives. 4. Employee Profit Sharing: The Nebraska Long Term Incentive Plan includes profit-sharing initiatives that distribute a portion of the company's profits among eligible employees. This provides an additional incentive for employees to contribute to the company's overall success. 5. Retention Bonuses: Sierra Health Services, Inc. acknowledges the value of retaining talented individuals by offering retention bonuses through the Nebraska Long Term Incentive Plan. These bonuses act as incentives for employees to stay with the company for an extended period, contributing to its stability and growth. Sierra Health Services, Inc. firmly believes that the Nebraska Long Term Incentive Plan plays a vital role in attracting, motivating, and retaining high-performing employees. It serves as an integral part of the company's commitment to creating a positive work environment, fostering loyalty, and driving long-term success. By providing a variety of incentives tailored to each employee's needs and performance, the plan aims to cultivate a highly engaged workforce dedicated to achieving both individual and organizational objectives.