New Hampshire 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 New Hampshire Long Term Incentive Plan (TIP) of Sierra Health Services, Inc. is a comprehensive program designed to attract and retain top talent within the company. The plan includes various types of incentives tailored to meet the diverse needs of employees, promoting long-term commitment and motivation towards achieving organizational goals. Below, we explore different types of Lips offered by Sierra Health Services, Inc. in New Hampshire: 1. Performance-Based TIP: This type of incentive plan rewards employees based on their individual or team performance. It focuses on achieving specific measurable targets, such as sales revenue, customer satisfaction, or operational efficiency. Eligible employees who meet or exceed these performance metrics receive financial rewards, such as bonuses or stock options, as part of their long-term incentive plan. 2. Executive TIP: This plan is geared towards key executives and top management personnel within Sierra Health Services, Inc. It aims to align their interests with the company's overall performance and shareholders' interests. Executive Lips often include equity-based awards like restricted stock units or performance shares, which vest over a predetermined period, incentivizing executives to focus on sustained growth and profitability. 3. Employee Stock Ownership Plans (Sops): Sops provide employees with an ownership stake in the company, allowing them to benefit directly from its long-term success. Through this plan, Sierra Health Services, Inc. grants stock options, stock grants, or stock purchase plans to eligible employees in New Hampshire. These incentives not only motivate employees but also foster a sense of ownership, commitment, and alignment with the company's vision. 4. Retirement Savings Plans: As part of the TIP, Sierra Health Services, Inc. may offer retirement savings programs, such as 401(k) plans or pension plans, to employees in New Hampshire. These plans enable employees to contribute a portion of their salary towards retirement savings, often with matching contributions from the company. By helping employees build a secure financial future, such plans contribute to employee loyalty and long-term employment. 5. Longevity Rewards: Sierra Health Services, Inc. acknowledges and rewards long-serving employees through longevity incentives. These rewards may include additional vacation days, sabbaticals, or increased paid time off (PTO) as an employee reaches certain milestones in their tenure with the company. Such incentives aim to recognize and appreciate the commitment and dedication of loyal employees. It is important to note that the specific details, eligibility criteria, and awards offered under the New Hampshire TIP of Sierra Health Services, Inc. may vary. Employees should refer to the official plan documentation, communicated by the company's HR department, to gain a comprehensive understanding of the TIP and its benefits.

The New Hampshire Long Term Incentive Plan (TIP) of Sierra Health Services, Inc. is a comprehensive program designed to attract and retain top talent within the company. The plan includes various types of incentives tailored to meet the diverse needs of employees, promoting long-term commitment and motivation towards achieving organizational goals. Below, we explore different types of Lips offered by Sierra Health Services, Inc. in New Hampshire: 1. Performance-Based TIP: This type of incentive plan rewards employees based on their individual or team performance. It focuses on achieving specific measurable targets, such as sales revenue, customer satisfaction, or operational efficiency. Eligible employees who meet or exceed these performance metrics receive financial rewards, such as bonuses or stock options, as part of their long-term incentive plan. 2. Executive TIP: This plan is geared towards key executives and top management personnel within Sierra Health Services, Inc. It aims to align their interests with the company's overall performance and shareholders' interests. Executive Lips often include equity-based awards like restricted stock units or performance shares, which vest over a predetermined period, incentivizing executives to focus on sustained growth and profitability. 3. Employee Stock Ownership Plans (Sops): Sops provide employees with an ownership stake in the company, allowing them to benefit directly from its long-term success. Through this plan, Sierra Health Services, Inc. grants stock options, stock grants, or stock purchase plans to eligible employees in New Hampshire. These incentives not only motivate employees but also foster a sense of ownership, commitment, and alignment with the company's vision. 4. Retirement Savings Plans: As part of the TIP, Sierra Health Services, Inc. may offer retirement savings programs, such as 401(k) plans or pension plans, to employees in New Hampshire. These plans enable employees to contribute a portion of their salary towards retirement savings, often with matching contributions from the company. By helping employees build a secure financial future, such plans contribute to employee loyalty and long-term employment. 5. Longevity Rewards: Sierra Health Services, Inc. acknowledges and rewards long-serving employees through longevity incentives. These rewards may include additional vacation days, sabbaticals, or increased paid time off (PTO) as an employee reaches certain milestones in their tenure with the company. Such incentives aim to recognize and appreciate the commitment and dedication of loyal employees. It is important to note that the specific details, eligibility criteria, and awards offered under the New Hampshire TIP of Sierra Health Services, Inc. may vary. Employees should refer to the official plan documentation, communicated by the company's HR department, to gain a comprehensive understanding of the TIP and its benefits.