Washington 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 Washington Long Term Incentive Plan offered by Sierra Health Services, Inc. is a comprehensive and attractive compensation program designed to encourage long-term retention, engagement, and motivation among employees in the Washington area. This plan sets Sierra Health Services apart as a desirable employer that values its workforce and aims to reward them appropriately. Sierra Health Services, Inc. offers various types of Washington Long Term Incentive Plans to cater to the diverse needs and goals of its employees. These plans may include: 1. Stock Options: One type of incentive plan that Sierra Health Services provides to its Washington employees is stock options. Stock options give employees the opportunity to purchase company stocks at a specified price within a particular time frame, allowing them to share in the company's success and potential profitability. 2. Restricted Stock Units (RSS): Another type of long-term incentive plan is RSS. RSS grant employees the right to receive shares of stock after a specific vesting period, subject to certain conditions. This RSS serve as a powerful motivator for employees to stay committed to the company and contribute to its long-term growth. 3. Performance-based Bonuses: Sierra Health Services might also offer performance-based bonuses as part of the Washington Long Term Incentive Plan. These bonuses are awarded based on an employee's achievement of predetermined performance targets or goals. By tying rewards directly to individual or team performance, this plan encourages employees to excel in their roles and contribute to the company's overall success. 4. Retirement Savings Plans: Additionally, Sierra Health Services may provide retirement savings plans as part of its long-term incentive offerings. These plans, such as 401(k)s or pension plans, support employees in building a secure financial future by enabling them to save for retirement, often with employer matching contributions. 5. Performance Share Units (Plus): Plus represent another type of long-term incentive plan that Sierra Health Services may offer under the Washington Long Term Incentive Plan. Plus grant employees the opportunity to receive company shares based on achieving specific performance metrics or goals, aligning their interests with the organization's long-term prosperity. Sierra Health Services, Inc.'s Washington Long Term Incentive Plan signifies the company's commitment to recognizing and nurturing its employees' contributions while fostering a culture of loyalty and dedication. By offering a variety of incentive plans tailored to the preferences and goals of its Washington-based workforce, Sierra Health Services aims to attract, retain, and motivate the best talent in the industry.

The Washington Long Term Incentive Plan offered by Sierra Health Services, Inc. is a comprehensive and attractive compensation program designed to encourage long-term retention, engagement, and motivation among employees in the Washington area. This plan sets Sierra Health Services apart as a desirable employer that values its workforce and aims to reward them appropriately. Sierra Health Services, Inc. offers various types of Washington Long Term Incentive Plans to cater to the diverse needs and goals of its employees. These plans may include: 1. Stock Options: One type of incentive plan that Sierra Health Services provides to its Washington employees is stock options. Stock options give employees the opportunity to purchase company stocks at a specified price within a particular time frame, allowing them to share in the company's success and potential profitability. 2. Restricted Stock Units (RSS): Another type of long-term incentive plan is RSS. RSS grant employees the right to receive shares of stock after a specific vesting period, subject to certain conditions. This RSS serve as a powerful motivator for employees to stay committed to the company and contribute to its long-term growth. 3. Performance-based Bonuses: Sierra Health Services might also offer performance-based bonuses as part of the Washington Long Term Incentive Plan. These bonuses are awarded based on an employee's achievement of predetermined performance targets or goals. By tying rewards directly to individual or team performance, this plan encourages employees to excel in their roles and contribute to the company's overall success. 4. Retirement Savings Plans: Additionally, Sierra Health Services may provide retirement savings plans as part of its long-term incentive offerings. These plans, such as 401(k)s or pension plans, support employees in building a secure financial future by enabling them to save for retirement, often with employer matching contributions. 5. Performance Share Units (Plus): Plus represent another type of long-term incentive plan that Sierra Health Services may offer under the Washington Long Term Incentive Plan. Plus grant employees the opportunity to receive company shares based on achieving specific performance metrics or goals, aligning their interests with the organization's long-term prosperity. Sierra Health Services, Inc.'s Washington Long Term Incentive Plan signifies the company's commitment to recognizing and nurturing its employees' contributions while fostering a culture of loyalty and dedication. By offering a variety of incentive plans tailored to the preferences and goals of its Washington-based workforce, Sierra Health Services aims to attract, retain, and motivate the best talent in the industry.