New Mexico 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., a prominent healthcare organization in New Mexico, offers various types of Long Term Incentive Plans (Lips) to attract and retain talented professionals in the industry. These plans serve as a motivating factor for employees to contribute their skills and efforts towards the long-term success and growth of Sierra Health Services. Here are some key details about the New Mexico Long Term Incentive Plan of Sierra Health Services, Inc., including its different types: 1. Performance-Based TIP: This type of TIP focuses on rewarding employees based on their individual or team performance. It can include metrics like patient satisfaction, revenue growth, cost reduction, or quality improvement. By aligning incentives with performance, Sierra Health Services aims to foster a culture of excellence and accountability within the organization. 2. Equity-Based TIP: The equity-based TIP provides eligible employees with an opportunity to acquire company stock or stock options as a form of long-term incentive. By giving employees a stake in the company's success, this plan promotes loyalty, encourages long-term commitment, and aligns the interests of employees with those of Sierra Health Services and its shareholders. 3. Retention-Based TIP: Sierra Health Services recognizes the importance of retaining experienced and skilled professionals in the highly competitive healthcare industry. To achieve this, they offer retention-based Lips aimed at encouraging long-term commitment to the organization. These plans may include retention bonuses, deferred compensation arrangements, phased vesting of incentives, or other mechanisms that reward employees for staying with the company over an extended period. 4. Restricted Stock Units (RSS) Plan: This TIP type grants employees a specific number of company shares after a predetermined vesting period. RSS provides a direct ownership interest in Sierra Health Services and can act as a powerful retention and incentive tool, as the stock value is based on the company's performance. 5. Cash Bonus TIP: In addition to long-term incentives tied to equity, Sierra Health Services may also offer cash bonus Lips to eligible employees. These bonuses can be awarded based on predetermined criteria such as achieving specific financial targets, meeting quality or safety goals, or surpassing patient engagement objectives. Cash bonuses provide immediate rewards, contributing to the motivation and dedication of the workforce. The New Mexico Long Term Incentive Plan of Sierra Health Services, Inc., is a comprehensive program designed to attract, motivate, and retain top talent in the healthcare industry. By offering a range of TIP types, Sierra Health Services ensures that employees are incentivized in a manner that suits their individual needs, while also aligning their goals with the organization's overall objectives.

Sierra Health Services, Inc., a prominent healthcare organization in New Mexico, offers various types of Long Term Incentive Plans (Lips) to attract and retain talented professionals in the industry. These plans serve as a motivating factor for employees to contribute their skills and efforts towards the long-term success and growth of Sierra Health Services. Here are some key details about the New Mexico Long Term Incentive Plan of Sierra Health Services, Inc., including its different types: 1. Performance-Based TIP: This type of TIP focuses on rewarding employees based on their individual or team performance. It can include metrics like patient satisfaction, revenue growth, cost reduction, or quality improvement. By aligning incentives with performance, Sierra Health Services aims to foster a culture of excellence and accountability within the organization. 2. Equity-Based TIP: The equity-based TIP provides eligible employees with an opportunity to acquire company stock or stock options as a form of long-term incentive. By giving employees a stake in the company's success, this plan promotes loyalty, encourages long-term commitment, and aligns the interests of employees with those of Sierra Health Services and its shareholders. 3. Retention-Based TIP: Sierra Health Services recognizes the importance of retaining experienced and skilled professionals in the highly competitive healthcare industry. To achieve this, they offer retention-based Lips aimed at encouraging long-term commitment to the organization. These plans may include retention bonuses, deferred compensation arrangements, phased vesting of incentives, or other mechanisms that reward employees for staying with the company over an extended period. 4. Restricted Stock Units (RSS) Plan: This TIP type grants employees a specific number of company shares after a predetermined vesting period. RSS provides a direct ownership interest in Sierra Health Services and can act as a powerful retention and incentive tool, as the stock value is based on the company's performance. 5. Cash Bonus TIP: In addition to long-term incentives tied to equity, Sierra Health Services may also offer cash bonus Lips to eligible employees. These bonuses can be awarded based on predetermined criteria such as achieving specific financial targets, meeting quality or safety goals, or surpassing patient engagement objectives. Cash bonuses provide immediate rewards, contributing to the motivation and dedication of the workforce. The New Mexico Long Term Incentive Plan of Sierra Health Services, Inc., is a comprehensive program designed to attract, motivate, and retain top talent in the healthcare industry. By offering a range of TIP types, Sierra Health Services ensures that employees are incentivized in a manner that suits their individual needs, while also aligning their goals with the organization's overall objectives.