New Jersey 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 New Jersey Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a compensation program designed specifically for nonemployee directors of the company. This plan allows nonemployee directors to receive stock options as part of their compensation package, providing them with an opportunity to acquire shares of National Surgery Centers, Inc.'s stock at a predetermined price. Under this plan, nonemployee directors are offered a specific number of stock options, which they can exercise within a defined period of time. The stock options allow directors to purchase shares of the company's common stock at a discounted price known as the option price. This incentivizes directors to contribute to the long-term growth and success of the company, as they stand to benefit from the appreciation of the stock's value over time. Nonemployee directors play a crucial role in providing guidance, oversight, and strategic direction to National Surgery Centers, Inc. Being rewarded with stock options aligns their interests with those of the shareholders and promotes a sense of ownership in the company's performance. The New Jersey Nonemployee Directors Stock Option Plan may have different types or variations based on the terms and conditions outlined in the plan document. These variations could include different vesting schedules, exercise periods, and option prices. The plan may also incorporate provisions for stock option grants to be subject to performance-based criteria, such as achieving specific financial targets or milestones. Overall, the New Jersey Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. allows nonemployee directors to have a vested interest in the company's future success while aligning their goals with those of the shareholders. This compensation program recognizes the valuable contributions made by nonemployee directors and provides them with a means to participate in the financial growth of National Surgery Centers, Inc. through stock options.

The New Jersey Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a compensation program designed specifically for nonemployee directors of the company. This plan allows nonemployee directors to receive stock options as part of their compensation package, providing them with an opportunity to acquire shares of National Surgery Centers, Inc.'s stock at a predetermined price. Under this plan, nonemployee directors are offered a specific number of stock options, which they can exercise within a defined period of time. The stock options allow directors to purchase shares of the company's common stock at a discounted price known as the option price. This incentivizes directors to contribute to the long-term growth and success of the company, as they stand to benefit from the appreciation of the stock's value over time. Nonemployee directors play a crucial role in providing guidance, oversight, and strategic direction to National Surgery Centers, Inc. Being rewarded with stock options aligns their interests with those of the shareholders and promotes a sense of ownership in the company's performance. The New Jersey Nonemployee Directors Stock Option Plan may have different types or variations based on the terms and conditions outlined in the plan document. These variations could include different vesting schedules, exercise periods, and option prices. The plan may also incorporate provisions for stock option grants to be subject to performance-based criteria, such as achieving specific financial targets or milestones. Overall, the New Jersey Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. allows nonemployee directors to have a vested interest in the company's future success while aligning their goals with those of the shareholders. This compensation program recognizes the valuable contributions made by nonemployee directors and provides them with a means to participate in the financial growth of National Surgery Centers, Inc. through stock options.