Tennessee 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 Tennessee Long Term Incentive Plan (TIP) of Sierra Health Services, Inc. is a comprehensive employee benefit program designed to motivate and retain talented individuals within the organization. This plan offers various types of incentives and rewards to employees based on their long-term performance, contribution, and dedication towards the success of the company. One type of the Tennessee TIP is the Performance-Based Restricted Stock Units (RSU). Under this scheme, eligible employees are granted RSS, which represent ownership in the company. The number of RSS granted is determined by the individual's performance and achievement of key performance indicators (KPIs) over a specific period. This RSS generally vest over several years, serving as a long-term goal for employees to strive towards. Another variant of the Tennessee TIP is the Cash Bonus Plan. In this plan, eligible employees have the opportunity to receive annual cash bonuses based on the achievement of predetermined targets. These targets could be financial goals, operational milestones, or any other performance metrics established by the company. The cash bonuses provide employees with additional financial rewards for their contributions to the company's overall success. The Tennessee TIP also includes a Stock Option Plan. This plan grants eligible employees the right to purchase company stock at a predetermined price (the exercise price) within a specified time frame. Stock options usually have a vesting period and can serve as a valuable long-term incentive, as employees can benefit from the appreciation of the company's stock price over time. Moreover, the Tennessee TIP of Sierra Health Services, Inc. offers a Deferred Compensation Plan. This plan allows eligible employees to defer a portion of their current compensation, either through salary deductions or bonuses, to be received at a later specified date. Deferred compensation plans offer employees the opportunity to defer taxes and potentially accumulate additional savings for retirement. It is important to note that the specifics of the Tennessee TIP may vary based on factors such as an employee's position, seniority, performance, or any other criteria set by the company. The purpose of this incentive plan is to align the interests of employees with the long-term goals of Sierra Health Services, Inc. and to reward their dedication, performance, and contributions to the company's success.

The Tennessee Long Term Incentive Plan (TIP) of Sierra Health Services, Inc. is a comprehensive employee benefit program designed to motivate and retain talented individuals within the organization. This plan offers various types of incentives and rewards to employees based on their long-term performance, contribution, and dedication towards the success of the company. One type of the Tennessee TIP is the Performance-Based Restricted Stock Units (RSU). Under this scheme, eligible employees are granted RSS, which represent ownership in the company. The number of RSS granted is determined by the individual's performance and achievement of key performance indicators (KPIs) over a specific period. This RSS generally vest over several years, serving as a long-term goal for employees to strive towards. Another variant of the Tennessee TIP is the Cash Bonus Plan. In this plan, eligible employees have the opportunity to receive annual cash bonuses based on the achievement of predetermined targets. These targets could be financial goals, operational milestones, or any other performance metrics established by the company. The cash bonuses provide employees with additional financial rewards for their contributions to the company's overall success. The Tennessee TIP also includes a Stock Option Plan. This plan grants eligible employees the right to purchase company stock at a predetermined price (the exercise price) within a specified time frame. Stock options usually have a vesting period and can serve as a valuable long-term incentive, as employees can benefit from the appreciation of the company's stock price over time. Moreover, the Tennessee TIP of Sierra Health Services, Inc. offers a Deferred Compensation Plan. This plan allows eligible employees to defer a portion of their current compensation, either through salary deductions or bonuses, to be received at a later specified date. Deferred compensation plans offer employees the opportunity to defer taxes and potentially accumulate additional savings for retirement. It is important to note that the specifics of the Tennessee TIP may vary based on factors such as an employee's position, seniority, performance, or any other criteria set by the company. The purpose of this incentive plan is to align the interests of employees with the long-term goals of Sierra Health Services, Inc. and to reward their dedication, performance, and contributions to the company's success.