Sierra Health Services, Inc., a leading healthcare provider based in Oregon, offers a comprehensive Long-Term Incentive Plan (TIP) aimed at rewarding and retaining its dedicated employees. The Oregon TIP implemented by Sierra Health Services, Inc. is designed to provide tangible benefits to its workforce, empowering them to achieve personal and professional growth. As part of the Oregon TIP, Sierra Health Services, Inc. offers various types of incentives to its employees, recognizing their commitment and contribution to the company's success. These incentives are categorized into two types: monetary and non-monetary benefits. 1. Monetary Incentives: — Performance Bonuses: Sierra Health Services, Inc. awards performance bonuses to employees who consistently meet or exceed predetermined goals and targets. These bonuses serve as a recognition of exceptional performance and dedication. — Long-Term Equity: Qualified employees may receive stock options or restricted stock units (RSS) as part of their TIP. These incentives provide employees with the opportunity to share in Sierra Health Services, Inc.'s future growth and success. — Profit Sharing: Sierra Health Services, Inc. may allocate a portion of its profits to eligible employees, promoting a sense of ownership and motivation. — Cash Rewards: In addition to base compensation, Sierra Health Services, Inc. may offer cash rewards to incentivize exceptional achievements or extraordinary efforts from its employees. 2. Non-Monetary Incentives: — Professional Development Opportunities: Sierra Health Services, Inc. encourages continuous learning and development by providing employees with access to training programs, workshops, seminars, and conferences relevant to their roles and career aspirations. These educational opportunities help employees enhance their skills and expertise within the healthcare industry. — Flexible Work Arrangements: Sierra Health Services, Inc. acknowledges the importance of work-life balance and offers flexible work arrangements such as telecommuting or flexible scheduling options, allowing employees to better manage their personal and professional commitments. — Recognition and Awards: To motivate and acknowledge outstanding performance, Sierra Health Services, Inc. may present employees with certificates of achievement, plaques, or public recognition to celebrate their contributions to the company's growth and success. — Employee Assistance Programs: Sierra Health Services, Inc. strives to support the overall well-being of its employees by offering access to employee assistance programs that provide counseling services, mental health support, financial advice, and various resources to help employees overcome personal challenges. Sierra Health Services, Inc. believes that its Oregon TIP serves as a significant driver in attracting and retaining highly skilled professionals in the healthcare industry. By offering a range of monetary and non-monetary incentives, the company fosters a positive work environment that encourages productivity, engagement, and career advancement.
Oregon Long Term Incentive Plan of Sierra Health Services, Inc.
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Multi-State
Control #:
US-CC-18-289B
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Word;
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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 leading healthcare provider based in Oregon, offers a comprehensive Long-Term Incentive Plan (TIP) aimed at rewarding and retaining its dedicated employees. The Oregon TIP implemented by Sierra Health Services, Inc. is designed to provide tangible benefits to its workforce, empowering them to achieve personal and professional growth. As part of the Oregon TIP, Sierra Health Services, Inc. offers various types of incentives to its employees, recognizing their commitment and contribution to the company's success. These incentives are categorized into two types: monetary and non-monetary benefits. 1. Monetary Incentives: — Performance Bonuses: Sierra Health Services, Inc. awards performance bonuses to employees who consistently meet or exceed predetermined goals and targets. These bonuses serve as a recognition of exceptional performance and dedication. — Long-Term Equity: Qualified employees may receive stock options or restricted stock units (RSS) as part of their TIP. These incentives provide employees with the opportunity to share in Sierra Health Services, Inc.'s future growth and success. — Profit Sharing: Sierra Health Services, Inc. may allocate a portion of its profits to eligible employees, promoting a sense of ownership and motivation. — Cash Rewards: In addition to base compensation, Sierra Health Services, Inc. may offer cash rewards to incentivize exceptional achievements or extraordinary efforts from its employees. 2. Non-Monetary Incentives: — Professional Development Opportunities: Sierra Health Services, Inc. encourages continuous learning and development by providing employees with access to training programs, workshops, seminars, and conferences relevant to their roles and career aspirations. These educational opportunities help employees enhance their skills and expertise within the healthcare industry. — Flexible Work Arrangements: Sierra Health Services, Inc. acknowledges the importance of work-life balance and offers flexible work arrangements such as telecommuting or flexible scheduling options, allowing employees to better manage their personal and professional commitments. — Recognition and Awards: To motivate and acknowledge outstanding performance, Sierra Health Services, Inc. may present employees with certificates of achievement, plaques, or public recognition to celebrate their contributions to the company's growth and success. — Employee Assistance Programs: Sierra Health Services, Inc. strives to support the overall well-being of its employees by offering access to employee assistance programs that provide counseling services, mental health support, financial advice, and various resources to help employees overcome personal challenges. Sierra Health Services, Inc. believes that its Oregon TIP serves as a significant driver in attracting and retaining highly skilled professionals in the healthcare industry. By offering a range of monetary and non-monetary incentives, the company fosters a positive work environment that encourages productivity, engagement, and career advancement.
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