Wisconsin 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 Wisconsin Long Term Incentive Plan (TIP) of Sierra Health Services, Inc. is a program designed to provide long-term incentives to employees in the state of Wisconsin. This plan aims to reward and motivate employees who contribute to the company's growth and success over extended periods of time. The Wisconsin TIP is structured as a performance-based compensation program that aims to align the interests of employees with those of the company's shareholders. It typically includes a combination of stock options, stock appreciation rights, restricted stock units, or other equity-based awards. These awards are granted to eligible employees based on their performance, position, tenure, and overall contribution to Sierra Health Services, Inc. One type of Wisconsin TIP under Sierra Health Services, Inc. is the Stock Option Plan. This plan allows employees to purchase company stock at a predetermined price, known as the exercise price, within a specified time frame. The Stock Option Plan provides employees with the potential for financial gain if the company's stock price increases over time. Another type of Wisconsin TIP offered by Sierra Health Services, Inc. is the Restricted Stock Unit (RSU) Plan. RSS are awards of company stock that are granted to employees and usually vest over a specific period of time or upon the achievement of certain performance goals. Once RSS fully vest, employees have the right to receive the underlying shares of stock. Furthermore, Sierra Health Services, Inc. may also offer a Stock Appreciation Rights (SARS) Plan as part of their Wisconsin TIP. SARS provide employees with the right to receive a cash payment based on the appreciation in the company's stock price over a specified period of time. This plan allows employees to benefit from the increase in the company's value without having to purchase the underlying stock. In conclusion, the Wisconsin Long Term Incentive Plan of Sierra Health Services, Inc. is a performance-based compensation program that rewards employees in Wisconsin for their long-term commitment, performance, and contribution to the company's growth. It includes various types of equity-based awards such as stock options, RSS, and SARS, which aim to align the interests of employees with the shareholders and provide them with potential financial benefits based on the company's success.

The Wisconsin Long Term Incentive Plan (TIP) of Sierra Health Services, Inc. is a program designed to provide long-term incentives to employees in the state of Wisconsin. This plan aims to reward and motivate employees who contribute to the company's growth and success over extended periods of time. The Wisconsin TIP is structured as a performance-based compensation program that aims to align the interests of employees with those of the company's shareholders. It typically includes a combination of stock options, stock appreciation rights, restricted stock units, or other equity-based awards. These awards are granted to eligible employees based on their performance, position, tenure, and overall contribution to Sierra Health Services, Inc. One type of Wisconsin TIP under Sierra Health Services, Inc. is the Stock Option Plan. This plan allows employees to purchase company stock at a predetermined price, known as the exercise price, within a specified time frame. The Stock Option Plan provides employees with the potential for financial gain if the company's stock price increases over time. Another type of Wisconsin TIP offered by Sierra Health Services, Inc. is the Restricted Stock Unit (RSU) Plan. RSS are awards of company stock that are granted to employees and usually vest over a specific period of time or upon the achievement of certain performance goals. Once RSS fully vest, employees have the right to receive the underlying shares of stock. Furthermore, Sierra Health Services, Inc. may also offer a Stock Appreciation Rights (SARS) Plan as part of their Wisconsin TIP. SARS provide employees with the right to receive a cash payment based on the appreciation in the company's stock price over a specified period of time. This plan allows employees to benefit from the increase in the company's value without having to purchase the underlying stock. In conclusion, the Wisconsin Long Term Incentive Plan of Sierra Health Services, Inc. is a performance-based compensation program that rewards employees in Wisconsin for their long-term commitment, performance, and contribution to the company's growth. It includes various types of equity-based awards such as stock options, RSS, and SARS, which aim to align the interests of employees with the shareholders and provide them with potential financial benefits based on the company's success.