New Jersey 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 Jersey Long Term Incentive Plan (TIP) of Sierra Health Services, Inc., is a comprehensive rewards program designed to motivate and retain key employees over an extended period. This plan offers various types of incentives to eligible employees, allowing them to participate in the company's growth and success. Sierra Health Services, Inc. is a leading healthcare provider in New Jersey, well-known for its commitment to delivering high-quality medical services to its communities. In order to attract and retain top talent, the company offers different types of Lips, catered to specific employee groups. One notable type of the New Jersey TIP is the Executive Performance Share Plan. This plan is designed exclusively for top executives and high-performing leaders within the organization. Eligible executives have the opportunity to receive performance-based awards, such as stock options or restricted stock units, based on the company's performance and predetermined goals. Another variant of the TIP is the Employee Stock Purchase Plan (ESPN). This plan is available to a wide range of employees, allowing them to purchase company shares at a discounted rate. The ESPN not only encourages long-term commitment but also aligns the employees' financial interests with the company's objectives. Sierra Health Services, Inc. also provides a Long-Term Incentive Retirement Plan (LTRP) targeted towards employees nearing retirement. This plan ensures that these employees are appropriately rewarded for their long-standing dedication to the company by offering retirement-based incentives, including additional pension contributions or retirement medical benefits. The Lips provided by Sierra Health Services, Inc. are highly valued by employees due to their long-term nature and flexibility. These plans reflect the company's dedication to recognizing and rewarding employees' contributions while also fostering a sense of loyalty and commitment. Through these plans, employees are motivated to continually drive the company towards achieving its goals, consequently benefitting both the employees and the organization as a whole. Keywords: New Jersey, Long Term Incentive Plan, Sierra Health Services, Inc., rewards program, motivate, retain, key employees, growth, success, healthcare provider, high-quality medical services, top talent, Executive Performance Share Plan, performance-based awards, stock options, restricted stock units, Employee Stock Purchase Plan, ESPN, employee groups, long-term commitment, financial interests, Long-Term Incentive Retirement Plan, LTRP, retirement-based incentives, pension contributions, retirement medical benefits, loyalty, dedication, drive, goals.

The New Jersey Long Term Incentive Plan (TIP) of Sierra Health Services, Inc., is a comprehensive rewards program designed to motivate and retain key employees over an extended period. This plan offers various types of incentives to eligible employees, allowing them to participate in the company's growth and success. Sierra Health Services, Inc. is a leading healthcare provider in New Jersey, well-known for its commitment to delivering high-quality medical services to its communities. In order to attract and retain top talent, the company offers different types of Lips, catered to specific employee groups. One notable type of the New Jersey TIP is the Executive Performance Share Plan. This plan is designed exclusively for top executives and high-performing leaders within the organization. Eligible executives have the opportunity to receive performance-based awards, such as stock options or restricted stock units, based on the company's performance and predetermined goals. Another variant of the TIP is the Employee Stock Purchase Plan (ESPN). This plan is available to a wide range of employees, allowing them to purchase company shares at a discounted rate. The ESPN not only encourages long-term commitment but also aligns the employees' financial interests with the company's objectives. Sierra Health Services, Inc. also provides a Long-Term Incentive Retirement Plan (LTRP) targeted towards employees nearing retirement. This plan ensures that these employees are appropriately rewarded for their long-standing dedication to the company by offering retirement-based incentives, including additional pension contributions or retirement medical benefits. The Lips provided by Sierra Health Services, Inc. are highly valued by employees due to their long-term nature and flexibility. These plans reflect the company's dedication to recognizing and rewarding employees' contributions while also fostering a sense of loyalty and commitment. Through these plans, employees are motivated to continually drive the company towards achieving its goals, consequently benefitting both the employees and the organization as a whole. Keywords: New Jersey, Long Term Incentive Plan, Sierra Health Services, Inc., rewards program, motivate, retain, key employees, growth, success, healthcare provider, high-quality medical services, top talent, Executive Performance Share Plan, performance-based awards, stock options, restricted stock units, Employee Stock Purchase Plan, ESPN, employee groups, long-term commitment, financial interests, Long-Term Incentive Retirement Plan, LTRP, retirement-based incentives, pension contributions, retirement medical benefits, loyalty, dedication, drive, goals.