Pennsylvania 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 Pennsylvania Long Term Incentive Plan of Sierra Health Services, Inc., is a comprehensive program designed to provide long-term incentives to its employees in the state of Pennsylvania. This plan aims to attract, retain, and motivate talented individuals who contribute to the company's growth and success. Sierra Health Services, Inc., recognizes that offering competitive compensation packages is essential in today's competitive job market. Therefore, this long-term incentive plan is designed to reward employees for their dedication and commitment over an extended period. It encourages them to stay with the company, contribute to its long-term goals, and align their interests with those of the organization. The Pennsylvania Long Term Incentive Plan includes various components and benefits, which are tailored to suit the company's objectives and employee needs. Some common types of long-term incentives included in this plan are: 1. Equity-based incentives: These incentives are granted in the form of stock options, restricted stock units (RSS), or performance shares. Employees become eligible for these equity-based awards after meeting specific performance criteria or completing a designated service period. By giving employees ownership stakes in the company, Sierra Health Services, Inc., aims to align their interests with the company's overall performance and financial success. 2. Cash-based incentives: Alongside equity-based incentives, the Pennsylvania Long Term Incentive Plan may also offer cash-based incentives. These might include performance bonuses, annual incentives, or deferred compensation plans. Cash incentives provide immediate rewards and can be tied to individual or company performance goals, ensuring a balanced and well-rounded compensation package. 3. Long-term savings and retirement plans: Sierra Health Services, Inc., might offer different retirement savings plans such as 401(k) or pension plans as part of the Pennsylvania Long Term Incentive Plan. These plans not only provide employees with a vehicle to save for their future but also offer additional employer contributions or matches that enhance the overall compensation package. 4. Performance-based incentives: In addition to equity and cash incentives, the plan may include performance-based bonuses or incentives. Employees who meet or exceed predetermined performance targets, such as revenue growth, cost reduction, or customer satisfaction goals, can earn significant rewards. These performance-based incentives encourage employees to strive for excellence and align their individual goals with that of the company's long-term objectives. Overall, the Pennsylvania Long Term Incentive Plan of Sierra Health Services, Inc., is a comprehensive and well-rounded program that combines equity, cash, and retirement incentives to motivate and reward employees for their long-term commitment and contributions. By offering a range of incentives, Sierra Health Services, Inc., aims to attract and retain top talent, foster employee loyalty, and drive sustainable growth in Pennsylvania.

The Pennsylvania Long Term Incentive Plan of Sierra Health Services, Inc., is a comprehensive program designed to provide long-term incentives to its employees in the state of Pennsylvania. This plan aims to attract, retain, and motivate talented individuals who contribute to the company's growth and success. Sierra Health Services, Inc., recognizes that offering competitive compensation packages is essential in today's competitive job market. Therefore, this long-term incentive plan is designed to reward employees for their dedication and commitment over an extended period. It encourages them to stay with the company, contribute to its long-term goals, and align their interests with those of the organization. The Pennsylvania Long Term Incentive Plan includes various components and benefits, which are tailored to suit the company's objectives and employee needs. Some common types of long-term incentives included in this plan are: 1. Equity-based incentives: These incentives are granted in the form of stock options, restricted stock units (RSS), or performance shares. Employees become eligible for these equity-based awards after meeting specific performance criteria or completing a designated service period. By giving employees ownership stakes in the company, Sierra Health Services, Inc., aims to align their interests with the company's overall performance and financial success. 2. Cash-based incentives: Alongside equity-based incentives, the Pennsylvania Long Term Incentive Plan may also offer cash-based incentives. These might include performance bonuses, annual incentives, or deferred compensation plans. Cash incentives provide immediate rewards and can be tied to individual or company performance goals, ensuring a balanced and well-rounded compensation package. 3. Long-term savings and retirement plans: Sierra Health Services, Inc., might offer different retirement savings plans such as 401(k) or pension plans as part of the Pennsylvania Long Term Incentive Plan. These plans not only provide employees with a vehicle to save for their future but also offer additional employer contributions or matches that enhance the overall compensation package. 4. Performance-based incentives: In addition to equity and cash incentives, the plan may include performance-based bonuses or incentives. Employees who meet or exceed predetermined performance targets, such as revenue growth, cost reduction, or customer satisfaction goals, can earn significant rewards. These performance-based incentives encourage employees to strive for excellence and align their individual goals with that of the company's long-term objectives. Overall, the Pennsylvania Long Term Incentive Plan of Sierra Health Services, Inc., is a comprehensive and well-rounded program that combines equity, cash, and retirement incentives to motivate and reward employees for their long-term commitment and contributions. By offering a range of incentives, Sierra Health Services, Inc., aims to attract and retain top talent, foster employee loyalty, and drive sustainable growth in Pennsylvania.