West Virginia 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 West Virginia Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive program designed to provide long-term incentives and rewards to employees of Sierra Health Services operating in West Virginia. This unique plan aims to attract, motivate, and retain talented individuals by offering a range of incentives tied to the long-term success of the company. One type of West Virginia Long Term Incentive Plan offered by Sierra Health Services, Inc. is the Performance-Based Stock Option Plan. This plan allows employees to receive stock options in Sierra Health Services based on their individual or team performance, ensuring that their efforts directly contribute to the company's growth and profitability. By aligning the employees' interests with the company's long-term goals, this plan fosters a sense of ownership and commitment among the workforce. Another type of West Virginia Long Term Incentive Plan is the Restricted Stock Unit (RSU) Plan. Through this plan, Sierra Health Services provides employees with a specified number of RSS, which represent an ownership interest in the company. These RSS vest over time, encouraging employees to stay with the organization in order to fully realize the benefits of their ownership stake. This incentivizes loyalty and long-term commitment to Sierra Health Services' growth and prosperity. Additionally, Sierra Health Services' West Virginia Long Term Incentive Plan may include a Cash Bonus Plan. This plan rewards employees through annual cash bonuses that are directly linked to the achievement of predefined performance targets and goals. By tying financial rewards to specific performance metrics, Sierra Health Services encourages employees to consistently strive for excellence and contribute to the company's long-term success. Sierra Health Services, Inc. recognizes the importance of employee retention and the need to provide incentives beyond standard compensation packages. The West Virginia Long Term Incentive Plan is a strategic initiative that aims to attract, motivate, and retain top talent, fostering a culture of high performance, collaboration, and dedication within the organization. By offering diverse incentive plans tailored to employees' roles, Sierra Health Services ensures that individuals across the company are appropriately recognized and rewarded for their contributions to the company's long-term growth. In conclusion, the West Virginia Long Term Incentive Plan of Sierra Health Services, Inc. is a multifaceted program encompassing various incentive plans such as the Performance-Based Stock Option Plan, Restricted Stock Unit (RSU) Plan, and Cash Bonus Plan. These plans serve as effective tools to attract, retain, and motivate employees, fostering a sense of ownership, loyalty, and commitment towards Sierra Health Services' long-term success.

The West Virginia Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive program designed to provide long-term incentives and rewards to employees of Sierra Health Services operating in West Virginia. This unique plan aims to attract, motivate, and retain talented individuals by offering a range of incentives tied to the long-term success of the company. One type of West Virginia Long Term Incentive Plan offered by Sierra Health Services, Inc. is the Performance-Based Stock Option Plan. This plan allows employees to receive stock options in Sierra Health Services based on their individual or team performance, ensuring that their efforts directly contribute to the company's growth and profitability. By aligning the employees' interests with the company's long-term goals, this plan fosters a sense of ownership and commitment among the workforce. Another type of West Virginia Long Term Incentive Plan is the Restricted Stock Unit (RSU) Plan. Through this plan, Sierra Health Services provides employees with a specified number of RSS, which represent an ownership interest in the company. These RSS vest over time, encouraging employees to stay with the organization in order to fully realize the benefits of their ownership stake. This incentivizes loyalty and long-term commitment to Sierra Health Services' growth and prosperity. Additionally, Sierra Health Services' West Virginia Long Term Incentive Plan may include a Cash Bonus Plan. This plan rewards employees through annual cash bonuses that are directly linked to the achievement of predefined performance targets and goals. By tying financial rewards to specific performance metrics, Sierra Health Services encourages employees to consistently strive for excellence and contribute to the company's long-term success. Sierra Health Services, Inc. recognizes the importance of employee retention and the need to provide incentives beyond standard compensation packages. The West Virginia Long Term Incentive Plan is a strategic initiative that aims to attract, motivate, and retain top talent, fostering a culture of high performance, collaboration, and dedication within the organization. By offering diverse incentive plans tailored to employees' roles, Sierra Health Services ensures that individuals across the company are appropriately recognized and rewarded for their contributions to the company's long-term growth. In conclusion, the West Virginia Long Term Incentive Plan of Sierra Health Services, Inc. is a multifaceted program encompassing various incentive plans such as the Performance-Based Stock Option Plan, Restricted Stock Unit (RSU) Plan, and Cash Bonus Plan. These plans serve as effective tools to attract, retain, and motivate employees, fostering a sense of ownership, loyalty, and commitment towards Sierra Health Services' long-term success.