Virginia 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 Virginia Long Term Incentive Plan (LTI) of Sierra Health Services, Inc. is a comprehensive program designed to provide long-term motivation for employees while aligning their interests with the company's growth and success. This plan offers various types of incentives to eligible participants, encouraging loyalty and commitment towards achieving corporate objectives. Sierra Health Services, Inc. is a renowned healthcare organization operating in Virginia, dedicated to providing high-quality medical services to the community. The company recognizes the importance of retaining and attracting talented professionals, and the LTI plan serves as a valuable tool for maintaining a motivated workforce. The Virginia LTI plan consists of several components, each tailored to reward and recognize different levels of employee contributions. These plans aim to promote a culture of performance excellence and ensure that employees are motivated to achieve individual and organizational goals. Let's explore some key types of Virginia Long Term Incentive Plans offered by Sierra Health Services, Inc.: 1. Stock Options: Eligible employees are granted the opportunity to purchase company stock at a predetermined price within a specified period. Stock options serve as a long-term incentive by allowing participants to benefit from the company's success through the potential appreciation of the stock price over time. 2. Restricted Stock Units (RSS): RSS are another popular component of the Virginia LTI plan, providing employees with rights to receive company shares after a vesting period. These grants foster long-term commitment and loyalty, as employees become shareholders and gain financial rewards based on the company's performance. 3. Performance Share Units (Plus): Plus are performance-based incentives, where employees receive shares based on achieving predefined performance targets and meeting specific key performance indicators (KPIs). This creates a performance-driven culture and encourages employees to strive for excellence while maximizing the company's success. 4. Cash-based Long-Term Incentives: In addition to equity-based incentives, Sierra Health Services, Inc. may also offer cash-based long-term incentives. These may include cash bonuses tied to achieving long-term performance targets or the attainment of specific strategic milestones. 5. Multi-Year Performance Plans: To reinforce the long-term focus of the Virginia LTI plan, the company may introduce multi-year incentive programs. These plans set performance targets over an extended period, promoting sustained growth and fostering employee dedication. Sierra Health Services, Inc.'s Virginia Long Term Incentive Plan is designed to attract, retain, and motivate top talent in the healthcare industry. By offering a diverse range of equity and cash-based incentives, the company creates an environment where employees can actively contribute to the organization's success while being rewarded for their valuable contributions. This robust incentive program reinforces Sierra Health Services, Inc.'s position as an employer of choice in Virginia's healthcare sector.

The Virginia Long Term Incentive Plan (LTI) of Sierra Health Services, Inc. is a comprehensive program designed to provide long-term motivation for employees while aligning their interests with the company's growth and success. This plan offers various types of incentives to eligible participants, encouraging loyalty and commitment towards achieving corporate objectives. Sierra Health Services, Inc. is a renowned healthcare organization operating in Virginia, dedicated to providing high-quality medical services to the community. The company recognizes the importance of retaining and attracting talented professionals, and the LTI plan serves as a valuable tool for maintaining a motivated workforce. The Virginia LTI plan consists of several components, each tailored to reward and recognize different levels of employee contributions. These plans aim to promote a culture of performance excellence and ensure that employees are motivated to achieve individual and organizational goals. Let's explore some key types of Virginia Long Term Incentive Plans offered by Sierra Health Services, Inc.: 1. Stock Options: Eligible employees are granted the opportunity to purchase company stock at a predetermined price within a specified period. Stock options serve as a long-term incentive by allowing participants to benefit from the company's success through the potential appreciation of the stock price over time. 2. Restricted Stock Units (RSS): RSS are another popular component of the Virginia LTI plan, providing employees with rights to receive company shares after a vesting period. These grants foster long-term commitment and loyalty, as employees become shareholders and gain financial rewards based on the company's performance. 3. Performance Share Units (Plus): Plus are performance-based incentives, where employees receive shares based on achieving predefined performance targets and meeting specific key performance indicators (KPIs). This creates a performance-driven culture and encourages employees to strive for excellence while maximizing the company's success. 4. Cash-based Long-Term Incentives: In addition to equity-based incentives, Sierra Health Services, Inc. may also offer cash-based long-term incentives. These may include cash bonuses tied to achieving long-term performance targets or the attainment of specific strategic milestones. 5. Multi-Year Performance Plans: To reinforce the long-term focus of the Virginia LTI plan, the company may introduce multi-year incentive programs. These plans set performance targets over an extended period, promoting sustained growth and fostering employee dedication. Sierra Health Services, Inc.'s Virginia Long Term Incentive Plan is designed to attract, retain, and motivate top talent in the healthcare industry. By offering a diverse range of equity and cash-based incentives, the company creates an environment where employees can actively contribute to the organization's success while being rewarded for their valuable contributions. This robust incentive program reinforces Sierra Health Services, Inc.'s position as an employer of choice in Virginia's healthcare sector.