New Mexico 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 Mexico Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive stock option program designed exclusively for nonemployee directors of the company. This plan provides an opportunity for these directors to benefit from the company's success and align their interests with those of the shareholders. Under the New Mexico Nonemployee Directors Stock Option Plan, eligible nonemployee directors are granted stock options, which are the right to purchase a certain number of shares of the company's stock at a predetermined price, known as the exercise price. These stock options typically have a vesting period, during which the director must wait before they can exercise their options and purchase the shares. The purpose of this plan is to reward nonemployee directors for their service to the company and motivate them to contribute to its long-term success. By offering stock options, National Surgery Centers, Inc. creates an additional incentive for nonemployee directors to actively participate in the company's growth and increase its shareholder value. These stock options can be a valuable part of a director's compensation package and provide an opportunity for them to share in the financial success of the company. The New Mexico Nonemployee Directors Stock Option Plan may have different types or variations, such as: 1. Standard Stock Options: These are the most common type of stock options offered under the plan, granting the nonemployee directors the right to purchase company shares at a fixed price within a specified time frame. 2. Incentive Stock Options: These stock options provide certain tax advantages to nonemployee directors, as they may qualify for more favorable tax treatment if specific conditions are met, such as holding the shares for a certain period of time. 3. Non-Qualified Stock Options: Unlike incentive stock options, non-qualified stock options do not offer the same tax benefits. However, they provide more flexibility in terms of exercise and do not require meeting specific criteria to qualify for favorable tax treatment. 4. Performance-Based Stock Options: This type of stock option may be granted to nonemployee directors based on predetermined performance criteria, such as achieving specific financial targets or milestones. If the performance goals are met, these stock options may become exercisable. National Surgery Centers, Inc. recognizes the importance of attracting and retaining top-caliber directors in order to drive its growth and maintain a competitive advantage. The New Mexico Nonemployee Directors Stock Option Plan serves as a valuable tool in achieving this objective, allowing the company to reward and motivate nonemployee directors through equity participation in the company's success.

The New Mexico Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive stock option program designed exclusively for nonemployee directors of the company. This plan provides an opportunity for these directors to benefit from the company's success and align their interests with those of the shareholders. Under the New Mexico Nonemployee Directors Stock Option Plan, eligible nonemployee directors are granted stock options, which are the right to purchase a certain number of shares of the company's stock at a predetermined price, known as the exercise price. These stock options typically have a vesting period, during which the director must wait before they can exercise their options and purchase the shares. The purpose of this plan is to reward nonemployee directors for their service to the company and motivate them to contribute to its long-term success. By offering stock options, National Surgery Centers, Inc. creates an additional incentive for nonemployee directors to actively participate in the company's growth and increase its shareholder value. These stock options can be a valuable part of a director's compensation package and provide an opportunity for them to share in the financial success of the company. The New Mexico Nonemployee Directors Stock Option Plan may have different types or variations, such as: 1. Standard Stock Options: These are the most common type of stock options offered under the plan, granting the nonemployee directors the right to purchase company shares at a fixed price within a specified time frame. 2. Incentive Stock Options: These stock options provide certain tax advantages to nonemployee directors, as they may qualify for more favorable tax treatment if specific conditions are met, such as holding the shares for a certain period of time. 3. Non-Qualified Stock Options: Unlike incentive stock options, non-qualified stock options do not offer the same tax benefits. However, they provide more flexibility in terms of exercise and do not require meeting specific criteria to qualify for favorable tax treatment. 4. Performance-Based Stock Options: This type of stock option may be granted to nonemployee directors based on predetermined performance criteria, such as achieving specific financial targets or milestones. If the performance goals are met, these stock options may become exercisable. National Surgery Centers, Inc. recognizes the importance of attracting and retaining top-caliber directors in order to drive its growth and maintain a competitive advantage. The New Mexico Nonemployee Directors Stock Option Plan serves as a valuable tool in achieving this objective, allowing the company to reward and motivate nonemployee directors through equity participation in the company's success.