Vermont 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 Vermont Nonemployee Directors Stock Option Plan is a comprehensive compensation program tailored specifically for the nonemployee directors of National Surgery Centers, Inc. This stock option plan aims to incentivize and reward the nonemployee directors for their valuable contributions to the company's growth and success. By offering stock options, National Surgery Centers, Inc. grants these directors the opportunity to participate in the company's financial success. Under this plan, Vermont nonemployee directors are eligible to receive stock options, which grant them the right to purchase a specified number of company shares at a predetermined price within a defined period. These stock options are subject to certain conditions and vesting schedules to ensure continued long-term commitment and alignment of interests between the nonemployee directors and the company. There may be different types or variations of the Vermont Nonemployee Directors Stock Option Plan depending on the specific needs and preferences of National Surgery Centers, Inc. Some possible variations could include: 1. Standard Stock Options: This type of stock option allows nonemployee directors to purchase company shares at a predetermined price (the exercise price) within the vesting period set by the plan. 2. Incentive Stock Options (SOS): National Surgery Centers, Inc. may choose to offer SOS to its Vermont nonemployee directors, which provide potential tax advantages for the recipients. SOS have specific requirements set by the Internal Revenue Service (IRS) that must be met to qualify for preferential tax treatment. 3. Nonqualified Stock Options (SOS): These stock options are another potential variation, which do not possess the same tax advantages as SOS. However, SOS offer more flexibility in terms of eligibility and are not bound by the same requirements as SOS. 4. Performance-based Stock Options: To further align the nonemployee directors' interests with the company's performance, National Surgery Centers, Inc. may consider implementing performance-based stock options. These options are structured in a way that their availability and exercise price are contingent upon meeting pre-determined performance goals or milestones. Overall, the Vermont Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive compensation program designed to attract, retain, and reward the nonemployee directors through stock-based incentives. By offering different types and variations of stock options, the company ensures flexibility and aligns the directors' interests with the long-term success of the organization.

The Vermont Nonemployee Directors Stock Option Plan is a comprehensive compensation program tailored specifically for the nonemployee directors of National Surgery Centers, Inc. This stock option plan aims to incentivize and reward the nonemployee directors for their valuable contributions to the company's growth and success. By offering stock options, National Surgery Centers, Inc. grants these directors the opportunity to participate in the company's financial success. Under this plan, Vermont nonemployee directors are eligible to receive stock options, which grant them the right to purchase a specified number of company shares at a predetermined price within a defined period. These stock options are subject to certain conditions and vesting schedules to ensure continued long-term commitment and alignment of interests between the nonemployee directors and the company. There may be different types or variations of the Vermont Nonemployee Directors Stock Option Plan depending on the specific needs and preferences of National Surgery Centers, Inc. Some possible variations could include: 1. Standard Stock Options: This type of stock option allows nonemployee directors to purchase company shares at a predetermined price (the exercise price) within the vesting period set by the plan. 2. Incentive Stock Options (SOS): National Surgery Centers, Inc. may choose to offer SOS to its Vermont nonemployee directors, which provide potential tax advantages for the recipients. SOS have specific requirements set by the Internal Revenue Service (IRS) that must be met to qualify for preferential tax treatment. 3. Nonqualified Stock Options (SOS): These stock options are another potential variation, which do not possess the same tax advantages as SOS. However, SOS offer more flexibility in terms of eligibility and are not bound by the same requirements as SOS. 4. Performance-based Stock Options: To further align the nonemployee directors' interests with the company's performance, National Surgery Centers, Inc. may consider implementing performance-based stock options. These options are structured in a way that their availability and exercise price are contingent upon meeting pre-determined performance goals or milestones. Overall, the Vermont Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive compensation program designed to attract, retain, and reward the nonemployee directors through stock-based incentives. By offering different types and variations of stock options, the company ensures flexibility and aligns the directors' interests with the long-term success of the organization.