Vermont 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 Vermont Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive program designed to attract and retain top talent in the healthcare industry. This incentive plan focuses on providing a long-term reward structure to employees, motivating them to excel in their roles and contribute to the overall success of the organization. Sierra Health Services, Inc. offers various types of long-term incentive plans within Vermont, tailored to meet the unique needs and goals of different employees. Here are some notable ones: 1. Equity-Based Incentive Plans: This type of incentive plan grants eligible employees equity or shares in Sierra Health Services, Inc. This not only aligns the interests of the employees with the company's performance but also allows them to benefit from future growth and profitability. Equity-based plans can include stock options, restricted stock units (RSS), or employee stock purchase plans (ESPN). 2. Performance-Based Bonuses: Sierra Health Services, Inc. also offers performance-based incentive plans that reward employees based on their individual or team performance metrics. These plans may include bonuses, profit-sharing, or commission structures, giving employees a direct financial incentive to achieve and exceed their targets. 3. Deferred Compensation Plans: Another type of Vermont Long Term Incentive Plan is the deferred compensation plan, which allows eligible employees to defer a portion of their earnings to be paid out at a later date, typically during retirement. These plans can provide valuable tax advantages and can be structured as cash or equity-based arrangements. 4. Retirement Savings Plans: Sierra Health Services, Inc. recognizes the importance of helping employees save for their retirement and offers retirement savings plans like 401(k) plans or individual retirement accounts (IRAs). Through these plans, employees can contribute a portion of their salary on a pre-tax basis, often with employer matching contributions, allowing them to build a nest egg for their future. 5. Phantom Stock Plans: Some Vermont Long Term Incentive Plans may include phantom stock plans, where eligible employees receive hypothetical or notional ownership of Sierra Health Services, Inc. Phantom stock mirrors the price movements of the company's actual stock, and the employee receives a cash payment equivalent to the increase in value. Overall, the Vermont Long Term Incentive Plan of Sierra Health Services, Inc. demonstrates the company's commitment to fostering employee loyalty and engagement by providing a range of incentives that align with their needs and aspirations. These plans offer financial security, growth opportunities, and a sense of ownership, encouraging employees to excel and contribute to the company's long-term success.

The Vermont Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive program designed to attract and retain top talent in the healthcare industry. This incentive plan focuses on providing a long-term reward structure to employees, motivating them to excel in their roles and contribute to the overall success of the organization. Sierra Health Services, Inc. offers various types of long-term incentive plans within Vermont, tailored to meet the unique needs and goals of different employees. Here are some notable ones: 1. Equity-Based Incentive Plans: This type of incentive plan grants eligible employees equity or shares in Sierra Health Services, Inc. This not only aligns the interests of the employees with the company's performance but also allows them to benefit from future growth and profitability. Equity-based plans can include stock options, restricted stock units (RSS), or employee stock purchase plans (ESPN). 2. Performance-Based Bonuses: Sierra Health Services, Inc. also offers performance-based incentive plans that reward employees based on their individual or team performance metrics. These plans may include bonuses, profit-sharing, or commission structures, giving employees a direct financial incentive to achieve and exceed their targets. 3. Deferred Compensation Plans: Another type of Vermont Long Term Incentive Plan is the deferred compensation plan, which allows eligible employees to defer a portion of their earnings to be paid out at a later date, typically during retirement. These plans can provide valuable tax advantages and can be structured as cash or equity-based arrangements. 4. Retirement Savings Plans: Sierra Health Services, Inc. recognizes the importance of helping employees save for their retirement and offers retirement savings plans like 401(k) plans or individual retirement accounts (IRAs). Through these plans, employees can contribute a portion of their salary on a pre-tax basis, often with employer matching contributions, allowing them to build a nest egg for their future. 5. Phantom Stock Plans: Some Vermont Long Term Incentive Plans may include phantom stock plans, where eligible employees receive hypothetical or notional ownership of Sierra Health Services, Inc. Phantom stock mirrors the price movements of the company's actual stock, and the employee receives a cash payment equivalent to the increase in value. Overall, the Vermont Long Term Incentive Plan of Sierra Health Services, Inc. demonstrates the company's commitment to fostering employee loyalty and engagement by providing a range of incentives that align with their needs and aspirations. These plans offer financial security, growth opportunities, and a sense of ownership, encouraging employees to excel and contribute to the company's long-term success.