Nevada 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 Nevada Long Term Incentive Plan (TIP) of Sierra Health Services, Inc. is a comprehensive employee benefit program designed to attract, motivate, and retain talented individuals within the organization. Lips are often utilized by companies to reward their employees for achieving specific performance goals and encouraging long-term commitment to the company's success. Sierra Health Services, Inc., being a prominent healthcare provider operating primarily in Nevada, understands the significance of such a program in retaining top talent in a competitive industry. The Nevada TIP of Sierra Health Services, Inc. comprises several types, each tailored to meet the unique needs and objectives of different employee groups. These include: 1. Executive TIP: This plan specifically targets top-level executives within the organization, such as the CEO, CFO, and other C-suite positions. It aims to reward their strategic decision-making, leadership, and overall performance by providing them with long-term incentives such as stock options, restricted stock units (RSS), cash incentives, and deferred compensation plans. 2. Management TIP: Geared towards middle and senior-level managers, this plan acknowledges the vital role they play in driving the organization's success. It often encompasses performance-based bonuses, employee stock ownership plans (Sops), or similar equity-based compensation structures, which motivate managers to achieve key performance indicators (KPIs) and contribute to the company's growth. 3. Employee TIP: This plan is designed for non-executive and non-management employees, aiming to inspire company-wide engagement and dedication. Employee Lips typically include profit-sharing programs, employee stock purchase plans (ESPN), and other incentives that offer employees the opportunity to share in the company's success while aligning their interests with long-term growth objectives. All these plans within the Nevada TIP of Sierra Health Services, Inc. primarily focus on performance-related metrics and long-term commitment. The performance-based nature of these incentives promotes a meritocratic culture within the company, motivating employees to consistently excel in their roles and contribute to the overall success of Sierra Health Services, Inc. By offering these various types of Lips, Sierra Health Services, Inc. strives to create a work environment that recognizes and rewards employee contributions, fostering loyalty and dedication. These incentive plans not only attract high-caliber professionals but also serve as valuable retention tools, as employees are motivated to remain with the company in order to fully benefit from their long-term rewards and incentives.

The Nevada Long Term Incentive Plan (TIP) of Sierra Health Services, Inc. is a comprehensive employee benefit program designed to attract, motivate, and retain talented individuals within the organization. Lips are often utilized by companies to reward their employees for achieving specific performance goals and encouraging long-term commitment to the company's success. Sierra Health Services, Inc., being a prominent healthcare provider operating primarily in Nevada, understands the significance of such a program in retaining top talent in a competitive industry. The Nevada TIP of Sierra Health Services, Inc. comprises several types, each tailored to meet the unique needs and objectives of different employee groups. These include: 1. Executive TIP: This plan specifically targets top-level executives within the organization, such as the CEO, CFO, and other C-suite positions. It aims to reward their strategic decision-making, leadership, and overall performance by providing them with long-term incentives such as stock options, restricted stock units (RSS), cash incentives, and deferred compensation plans. 2. Management TIP: Geared towards middle and senior-level managers, this plan acknowledges the vital role they play in driving the organization's success. It often encompasses performance-based bonuses, employee stock ownership plans (Sops), or similar equity-based compensation structures, which motivate managers to achieve key performance indicators (KPIs) and contribute to the company's growth. 3. Employee TIP: This plan is designed for non-executive and non-management employees, aiming to inspire company-wide engagement and dedication. Employee Lips typically include profit-sharing programs, employee stock purchase plans (ESPN), and other incentives that offer employees the opportunity to share in the company's success while aligning their interests with long-term growth objectives. All these plans within the Nevada TIP of Sierra Health Services, Inc. primarily focus on performance-related metrics and long-term commitment. The performance-based nature of these incentives promotes a meritocratic culture within the company, motivating employees to consistently excel in their roles and contribute to the overall success of Sierra Health Services, Inc. By offering these various types of Lips, Sierra Health Services, Inc. strives to create a work environment that recognizes and rewards employee contributions, fostering loyalty and dedication. These incentive plans not only attract high-caliber professionals but also serve as valuable retention tools, as employees are motivated to remain with the company in order to fully benefit from their long-term rewards and incentives.