Virgin Islands Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-185C
• Format: Word; Rich Text

Description

18-185C 18-185C . . . Non-employee Directors Stock Option Plan under which Class II Non-employee directors receive options for 5,000 shares, all fully vested; Class II Non-employee directors receive options for 7,500 shares, of which 5,000 are fully vested and 2,500 vest on date of 1997 annual stockholders meeting; and Class I Non-employee directors receive options for 10,000 shares, of which 5,000 are fully vested, 2,500 vest on date of 1997 annual stockholders meeting, and 2,500 vest on date of 1998 annual stockholders meeting. Thereafter, each Non-employee director automatically receives an option on his or her election or re-election as director. Each such option is for 7,500 shares if director is elected to full three year term, of which 2,500 is vested, 2,500 vests on first anniversary of grant, and 2,500 vests on second anniversary of grant. If director is elected to fill term of less than three years, number of shares is equal to 2,500 for each full year of his or her term The Virgin Islands Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive program designed to provide stock options to nonemployee directors who serve on the company's board. This plan is specifically tailored for directors based in the Virgin Islands region and aims to attract and retain top talent for the organization. With the Virgin Islands Nonemployee Directors Stock Option Plan, National Surgery Centers, Inc. offers a range of benefits and incentives to these directors. The plan grants them the opportunity to purchase company stock at a predetermined price, allowing them to benefit from the potential appreciation of the stock over time. By doing so, it aligns the interests of the directors with those of the shareholders and promotes long-term growth and value creation. Through this stock option plan, National Surgery Centers, Inc. recognizes the important contributions of their nonemployee directors and seeks to encourage their continued involvement and dedication to the company's success. With stock options, these directors have the potential to directly participate in the company's financial performance and future prosperity. Moreover, the Virgin Islands Nonemployee Directors Stock Option Plan may include various types of stock options, each with its specific features and requirements. Some of these options may range from incentive stock options (SOS) to nonqualified stock options (SOS) or performance-based stock options. The plan may also include provisions such as vesting schedules, exercise periods, and post-termination provisions to ensure fair and transparent distribution of stock options. The Virgin Islands Nonemployee Directors Stock Option Plan is a key component of National Surgery Centers, Inc.'s overall compensation and governance strategy. By offering stock options to nonemployee directors, the company reinforces its commitment to attracting experienced individuals who bring diversity, expertise, and valuable perspectives to the boardroom. In summary, the Virgin Islands Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a dynamic program designed to reward and incentivize nonemployee directors based in the Virgin Islands. Through various stock option types, it enables these directors to share in the company's success and align their interests with those of the shareholders. This plan plays an integral role in attracting and retaining top talent while reinforcing the company's commitment to corporate governance and long-term value creation.

The Virgin Islands Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive program designed to provide stock options to nonemployee directors who serve on the company's board. This plan is specifically tailored for directors based in the Virgin Islands region and aims to attract and retain top talent for the organization. With the Virgin Islands Nonemployee Directors Stock Option Plan, National Surgery Centers, Inc. offers a range of benefits and incentives to these directors. The plan grants them the opportunity to purchase company stock at a predetermined price, allowing them to benefit from the potential appreciation of the stock over time. By doing so, it aligns the interests of the directors with those of the shareholders and promotes long-term growth and value creation. Through this stock option plan, National Surgery Centers, Inc. recognizes the important contributions of their nonemployee directors and seeks to encourage their continued involvement and dedication to the company's success. With stock options, these directors have the potential to directly participate in the company's financial performance and future prosperity. Moreover, the Virgin Islands Nonemployee Directors Stock Option Plan may include various types of stock options, each with its specific features and requirements. Some of these options may range from incentive stock options (SOS) to nonqualified stock options (SOS) or performance-based stock options. The plan may also include provisions such as vesting schedules, exercise periods, and post-termination provisions to ensure fair and transparent distribution of stock options. The Virgin Islands Nonemployee Directors Stock Option Plan is a key component of National Surgery Centers, Inc.'s overall compensation and governance strategy. By offering stock options to nonemployee directors, the company reinforces its commitment to attracting experienced individuals who bring diversity, expertise, and valuable perspectives to the boardroom. In summary, the Virgin Islands Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a dynamic program designed to reward and incentivize nonemployee directors based in the Virgin Islands. Through various stock option types, it enables these directors to share in the company's success and align their interests with those of the shareholders. This plan plays an integral role in attracting and retaining top talent while reinforcing the company's commitment to corporate governance and long-term value creation.