South Carolina 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 South Carolina Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive program designed to incentivize and motivate long-term employee performance and retention within the organization. This plan offers various types of incentive packages targeted towards different employee groups, helping Sierra Health Services attract and retain top talent in South Carolina. One type of South Carolina Long Term Incentive Plan offered by Sierra Health Services, Inc. is the Executive Performance Share Unit Plan. This plan specifically caters to the needs of top-level executives within the company. Executives are awarded performance share units, which vest over a specified period, aligning their interests with the long-term success of the company. Another type of long-term incentive plan is the Employee Stock Purchase Plan (ESPN). This plan allows employees at all levels to purchase shares of company stock at a discounted price, encouraging them to acquire ownership in the company and benefit from its growth over time. Sierra Health Services, Inc. also offers a Performance Cash Plan as part of their long-term incentive program. This plan rewards employees based on their individual and team performance against predetermined goals and targets. Eligible employees have the potential to receive cash bonuses linked to their performance, encouraging them to go above and beyond their regular duties. Furthermore, Sierra Health Services, Inc. incorporates a Long-Term Incentive Plan for Long-Term Care Facility Staff. This plan is specifically tailored for employees working within long-term care facilities. It offers incentives such as career development opportunities, additional training, and recognition programs, all aimed at promoting loyalty and career advancement within the company. Overall, the South Carolina Long Term Incentive Plan of Sierra Health Services, Inc. aims to create a culture of excellence and loyalty by providing a variety of incentives that suit the unique needs of different employee groups. By combining financial rewards, stock ownership opportunities, and various performance-based incentives, Sierra Health Services seeks to attract, retain, and motivate top talent in South Carolina's healthcare industry.

The South Carolina Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive program designed to incentivize and motivate long-term employee performance and retention within the organization. This plan offers various types of incentive packages targeted towards different employee groups, helping Sierra Health Services attract and retain top talent in South Carolina. One type of South Carolina Long Term Incentive Plan offered by Sierra Health Services, Inc. is the Executive Performance Share Unit Plan. This plan specifically caters to the needs of top-level executives within the company. Executives are awarded performance share units, which vest over a specified period, aligning their interests with the long-term success of the company. Another type of long-term incentive plan is the Employee Stock Purchase Plan (ESPN). This plan allows employees at all levels to purchase shares of company stock at a discounted price, encouraging them to acquire ownership in the company and benefit from its growth over time. Sierra Health Services, Inc. also offers a Performance Cash Plan as part of their long-term incentive program. This plan rewards employees based on their individual and team performance against predetermined goals and targets. Eligible employees have the potential to receive cash bonuses linked to their performance, encouraging them to go above and beyond their regular duties. Furthermore, Sierra Health Services, Inc. incorporates a Long-Term Incentive Plan for Long-Term Care Facility Staff. This plan is specifically tailored for employees working within long-term care facilities. It offers incentives such as career development opportunities, additional training, and recognition programs, all aimed at promoting loyalty and career advancement within the company. Overall, the South Carolina Long Term Incentive Plan of Sierra Health Services, Inc. aims to create a culture of excellence and loyalty by providing a variety of incentives that suit the unique needs of different employee groups. By combining financial rewards, stock ownership opportunities, and various performance-based incentives, Sierra Health Services seeks to attract, retain, and motivate top talent in South Carolina's healthcare industry.