Texas 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 Sierra Health Services, Inc., a reputable healthcare organization in Texas, offers a comprehensive Long Term Incentive Plan (TIP) designed to attract, motivate, and retain talented employees. This elaborate program aims to reward long-term performance, commitment, and contribution towards the company's success. With various types of Texas Long Term Incentive Plans available, let's explore some key components: 1. Performance-based TIP: Sierra Health Services, Inc. implements a performance-driven TIP, which links incentives to key performance indicators (KPIs). By aligning individual goals with organizational objectives, this plan motivates employees to excel in their respective roles, driving overall company growth and profitability. 2. Stock Options: One type of TIP offered by Sierra Health Services, Inc. includes the granting of stock options. These options provide employees with the opportunity to purchase company stocks at a predetermined price, typically at a discount, after a specific vesting period. This incentivizes employees to remain committed to the organization's long-term success, as they directly benefit from any increase in stock value over time. 3. Restricted Stock Units (RSS): Another form of long-term incentive plan offered by Sierra Health Services, Inc. is RSS. RSS are company shares granted to employees, subject to a predetermined vesting period. Once vested, employees are entitled to receive the stocks, either in cash or physical stock. This structure encourages loyalty and encourages employees to contribute towards the company's sustained growth. 4. Performance Share Units (Plus): The TIP of Sierra Health Services, Inc. may include Plus, which are similar to RSS but are contingent upon the achievement of specific performance objectives. These objectives may include financial targets, market share growth, or individual performance goals. Successful attainment of such goals results in the allocation of additional shares to the employee, reinforcing a culture of performance and excellence. 5. Cash Bonuses: Alongside stock-based incentives, Sierra Health Services, Inc. may offer cash bonuses as part of their Texas TIP. These bonuses are typically performance-based and can vary depending on individual, team, or organizational achievements. By providing immediate financial rewards, employees are motivated to deliver outstanding results in alignment with the company's long-term objectives. In summary, Sierra Health Services, Inc.'s Texas Long Term Incentive Plan encompasses a range of performance-driven mechanisms such as stock options, restricted stock units, performance share units, and cash bonuses. By utilizing these diverse incentives, Sierra Health Services, Inc. aims to attract, retain, and reward talented individuals who contribute to the organization's long-term success.

Sierra Health Services, Inc., a reputable healthcare organization in Texas, offers a comprehensive Long Term Incentive Plan (TIP) designed to attract, motivate, and retain talented employees. This elaborate program aims to reward long-term performance, commitment, and contribution towards the company's success. With various types of Texas Long Term Incentive Plans available, let's explore some key components: 1. Performance-based TIP: Sierra Health Services, Inc. implements a performance-driven TIP, which links incentives to key performance indicators (KPIs). By aligning individual goals with organizational objectives, this plan motivates employees to excel in their respective roles, driving overall company growth and profitability. 2. Stock Options: One type of TIP offered by Sierra Health Services, Inc. includes the granting of stock options. These options provide employees with the opportunity to purchase company stocks at a predetermined price, typically at a discount, after a specific vesting period. This incentivizes employees to remain committed to the organization's long-term success, as they directly benefit from any increase in stock value over time. 3. Restricted Stock Units (RSS): Another form of long-term incentive plan offered by Sierra Health Services, Inc. is RSS. RSS are company shares granted to employees, subject to a predetermined vesting period. Once vested, employees are entitled to receive the stocks, either in cash or physical stock. This structure encourages loyalty and encourages employees to contribute towards the company's sustained growth. 4. Performance Share Units (Plus): The TIP of Sierra Health Services, Inc. may include Plus, which are similar to RSS but are contingent upon the achievement of specific performance objectives. These objectives may include financial targets, market share growth, or individual performance goals. Successful attainment of such goals results in the allocation of additional shares to the employee, reinforcing a culture of performance and excellence. 5. Cash Bonuses: Alongside stock-based incentives, Sierra Health Services, Inc. may offer cash bonuses as part of their Texas TIP. These bonuses are typically performance-based and can vary depending on individual, team, or organizational achievements. By providing immediate financial rewards, employees are motivated to deliver outstanding results in alignment with the company's long-term objectives. In summary, Sierra Health Services, Inc.'s Texas Long Term Incentive Plan encompasses a range of performance-driven mechanisms such as stock options, restricted stock units, performance share units, and cash bonuses. By utilizing these diverse incentives, Sierra Health Services, Inc. aims to attract, retain, and reward talented individuals who contribute to the organization's long-term success.