Ohio 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 Ohio Long Term Incentive Plan (TIP) of Sierra Health Services, Inc. is a comprehensive compensation program designed to attract and retain top talent within the organization. This plan offers various incentives to eligible employees based in Ohio, promoting long-term commitment and dedication to the company's overall goals and objectives. Sierra Health Services, Inc. understands the importance of incentivizing employees for their contributions towards the organization's success. The Ohio TIP provides a range of rewards tailored to motivate and reward employees for their hard work and achievements in the long run. Some key features of the Ohio Long Term Incentive Plan include: 1. Performance-based Incentives: The Ohio TIP offers performance-based incentives to motivate employees to excel in their roles. These incentives are tied to predetermined performance metrics, such as individual and team goals, revenue targets, and customer satisfaction ratings. 2. Stock Options: As part of the TIP, employees may be granted stock options, allowing them the opportunity to purchase company shares at a predetermined price in the future. This incentive aligns their interests with the company's growth and performance, fostering a sense of ownership and loyalty. 3. Restricted Stock Units (RSS): Ohio TIP participants may also receive RSS as part of their compensation package. RSS are company shares granted to employees, which vest over a specific period of time. This equity-based reward ensures employees stay committed to the company's long-term success. 4. Retirement Benefits: The Ohio TIP may include retirement benefits to help employees plan for their future. These benefits may consist of employer contributions to retirement savings plans, such as 401(k) accounts, ensuring employees are financially secure beyond their tenure with Sierra Health Services, Inc. 5. Performance Evaluation and Review: The Ohio TIP includes a comprehensive performance evaluation and review process to determine the eligibility and level of incentives for each employee. Performance assessments typically take into account factors such as individual achievements, teamwork, leadership, and adherence to company values. 6. Special Recognition Programs: In addition to monetary incentives, the Ohio TIP may include special recognition programs, such as awards, bonuses, or exclusive perks, to acknowledge exceptional contributions and motivate employees to continue exceeding expectations. It is important to note that while these are some common components of the Ohio Long Term Incentive Plan offered by Sierra Health Services, Inc., the specific details and variations may vary based on individual employee roles, seniority, and performance levels. Sierra Health Services, Inc. periodically reviews and updates the plan to ensure its effectiveness in attracting, motivating, and retaining top talent within their Ohio-based workforce.

The Ohio Long Term Incentive Plan (TIP) of Sierra Health Services, Inc. is a comprehensive compensation program designed to attract and retain top talent within the organization. This plan offers various incentives to eligible employees based in Ohio, promoting long-term commitment and dedication to the company's overall goals and objectives. Sierra Health Services, Inc. understands the importance of incentivizing employees for their contributions towards the organization's success. The Ohio TIP provides a range of rewards tailored to motivate and reward employees for their hard work and achievements in the long run. Some key features of the Ohio Long Term Incentive Plan include: 1. Performance-based Incentives: The Ohio TIP offers performance-based incentives to motivate employees to excel in their roles. These incentives are tied to predetermined performance metrics, such as individual and team goals, revenue targets, and customer satisfaction ratings. 2. Stock Options: As part of the TIP, employees may be granted stock options, allowing them the opportunity to purchase company shares at a predetermined price in the future. This incentive aligns their interests with the company's growth and performance, fostering a sense of ownership and loyalty. 3. Restricted Stock Units (RSS): Ohio TIP participants may also receive RSS as part of their compensation package. RSS are company shares granted to employees, which vest over a specific period of time. This equity-based reward ensures employees stay committed to the company's long-term success. 4. Retirement Benefits: The Ohio TIP may include retirement benefits to help employees plan for their future. These benefits may consist of employer contributions to retirement savings plans, such as 401(k) accounts, ensuring employees are financially secure beyond their tenure with Sierra Health Services, Inc. 5. Performance Evaluation and Review: The Ohio TIP includes a comprehensive performance evaluation and review process to determine the eligibility and level of incentives for each employee. Performance assessments typically take into account factors such as individual achievements, teamwork, leadership, and adherence to company values. 6. Special Recognition Programs: In addition to monetary incentives, the Ohio TIP may include special recognition programs, such as awards, bonuses, or exclusive perks, to acknowledge exceptional contributions and motivate employees to continue exceeding expectations. It is important to note that while these are some common components of the Ohio Long Term Incentive Plan offered by Sierra Health Services, Inc., the specific details and variations may vary based on individual employee roles, seniority, and performance levels. Sierra Health Services, Inc. periodically reviews and updates the plan to ensure its effectiveness in attracting, motivating, and retaining top talent within their Ohio-based workforce.