Utah 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 Utah Long-Term Incentive Plan offered by Sierra Health Services, Inc. is designed to provide employees with a performance-based compensation structure that rewards long-term commitment and contribution. This plan aims to motivate and retain talented individuals by offering incentives tied to the achievement of specific goals and objectives that drive the company's success. Sierra Health Services, Inc. recognizes that attracting and retaining top talent is crucial for maintaining a competitive edge in the healthcare market. The Utah Long-Term Incentive Plan serves as an important tool in achieving this goal. Some key features of the Utah Long-Term Incentive Plan include: 1. Performance-based Compensation: The plan aligns employee compensation with the company's overall performance and growth objectives. Eligible employees have the opportunity to earn incentives based on predetermined metrics and targets. 2. Long-Term Commitment: The plan focuses on fostering employee loyalty and engagement by providing incentives that vest over an extended period. This encourages employees to stay with Sierra Health Services, Inc. for the long term and contribute to its sustained success. 3. Goal-oriented: The plan sets clear performance goals for employees, which are directly linked to the company's strategic priorities. By achieving these objectives, employees can unlock financial rewards and recognition. 4. Customized Approach: Sierra Health Services, Inc. tailors the Long-Term Incentive Plan to meet the unique needs of different employee groups. This ensures that the incentives offered are relevant and aligned with the specific responsibilities and contributions of each individual. 5. Transparency and Communication: The company provides regular updates and maintains open lines of communication with employees regarding the performance metrics and criteria used to determine incentive eligibility. This helps foster transparency and trust within the organization. While specific variations of the Utah Long-Term Incentive Plan may exist based on individual roles and levels within Sierra Health Services, Inc., the primary objective remains the same — to reward and motivate employees for their sustained commitment and contribution. These variations may include plans designated for executives, managers, and non-executive employees, each tailored to their unique job requirements and performance expectations. By implementing the Utah Long-Term Incentive Plan, Sierra Health Services, Inc. aims to attract and retain talented individuals who can contribute to the organization's growth and success over the long term. This plan serves as an essential element of the company's comprehensive compensation and benefits package, demonstrating their commitment to rewarding excellence and fostering a performance-driven culture.

The Utah Long-Term Incentive Plan offered by Sierra Health Services, Inc. is designed to provide employees with a performance-based compensation structure that rewards long-term commitment and contribution. This plan aims to motivate and retain talented individuals by offering incentives tied to the achievement of specific goals and objectives that drive the company's success. Sierra Health Services, Inc. recognizes that attracting and retaining top talent is crucial for maintaining a competitive edge in the healthcare market. The Utah Long-Term Incentive Plan serves as an important tool in achieving this goal. Some key features of the Utah Long-Term Incentive Plan include: 1. Performance-based Compensation: The plan aligns employee compensation with the company's overall performance and growth objectives. Eligible employees have the opportunity to earn incentives based on predetermined metrics and targets. 2. Long-Term Commitment: The plan focuses on fostering employee loyalty and engagement by providing incentives that vest over an extended period. This encourages employees to stay with Sierra Health Services, Inc. for the long term and contribute to its sustained success. 3. Goal-oriented: The plan sets clear performance goals for employees, which are directly linked to the company's strategic priorities. By achieving these objectives, employees can unlock financial rewards and recognition. 4. Customized Approach: Sierra Health Services, Inc. tailors the Long-Term Incentive Plan to meet the unique needs of different employee groups. This ensures that the incentives offered are relevant and aligned with the specific responsibilities and contributions of each individual. 5. Transparency and Communication: The company provides regular updates and maintains open lines of communication with employees regarding the performance metrics and criteria used to determine incentive eligibility. This helps foster transparency and trust within the organization. While specific variations of the Utah Long-Term Incentive Plan may exist based on individual roles and levels within Sierra Health Services, Inc., the primary objective remains the same — to reward and motivate employees for their sustained commitment and contribution. These variations may include plans designated for executives, managers, and non-executive employees, each tailored to their unique job requirements and performance expectations. By implementing the Utah Long-Term Incentive Plan, Sierra Health Services, Inc. aims to attract and retain talented individuals who can contribute to the organization's growth and success over the long term. This plan serves as an essential element of the company's comprehensive compensation and benefits package, demonstrating their commitment to rewarding excellence and fostering a performance-driven culture.