Wyoming 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 Wyoming Long Term Incentive Plan (TIP) is a program offered by Sierra Health Services, Inc. that is designed to provide long-term incentives to their employees in Wyoming. This plan is aimed at attracting and retaining top talent within the organization, motivating them to achieve company goals, and aligning their interests with those of the company. Sierra Health Services, Inc. understands the importance of recognizing and rewarding the efforts of their employees. The Wyoming TIP offers various types of incentives, each tailored to different roles, performance levels, and organizational objectives. These incentives can include stock options, restricted stock units, performance shares, and cash bonuses. 1. Stock Options: This type of incentive gives employees the opportunity to purchase company shares at a predetermined price, known as the strike price, at a future date. By offering stock options, Sierra Health Services, Inc. provides employees with a stake in the company's success and encourages them to contribute to its long-term growth. 2. Restricted Stock Units (RSS): RSS grant employees the right to receive company shares after a specific period of time or upon achieving predetermined performance goals. Unlike stock options, RSS do not require the employee to buy the shares but rather receive them as part of their compensation package. The incentive serves as a motivator for employees to remain with the company and contribute to its long-term success. 3. Performance Shares: This type of incentive ties the number of shares awarded to an employee's performance against predetermined goals and targets. It encourages employees to focus on achieving specific objectives and contributes to their involvement in the company's growth. As performance shares are directly linked to individual or team achievements, they serve as a powerful tool for enhancing performance. 4. Cash Bonuses: In addition to stock-based incentives, Sierra Health Services, Inc.'s Wyoming TIP may also include cash bonuses based on individual or company performance. These bonuses can be tied to reaching specific financial targets, meeting operational objectives, or exceeding customer satisfaction metrics. Cash bonuses provide immediate recognition and reward for employees and further motivate them to strive for excellence. Sierra Health Services, Inc. believes that offering a comprehensive range of long-term incentives through the Wyoming TIP helps drive employee engagement, loyalty, and productivity. By aligning employee goals with the success of the company, this plan enhances the overall performance and value of the organization.

The Wyoming Long Term Incentive Plan (TIP) is a program offered by Sierra Health Services, Inc. that is designed to provide long-term incentives to their employees in Wyoming. This plan is aimed at attracting and retaining top talent within the organization, motivating them to achieve company goals, and aligning their interests with those of the company. Sierra Health Services, Inc. understands the importance of recognizing and rewarding the efforts of their employees. The Wyoming TIP offers various types of incentives, each tailored to different roles, performance levels, and organizational objectives. These incentives can include stock options, restricted stock units, performance shares, and cash bonuses. 1. Stock Options: This type of incentive gives employees the opportunity to purchase company shares at a predetermined price, known as the strike price, at a future date. By offering stock options, Sierra Health Services, Inc. provides employees with a stake in the company's success and encourages them to contribute to its long-term growth. 2. Restricted Stock Units (RSS): RSS grant employees the right to receive company shares after a specific period of time or upon achieving predetermined performance goals. Unlike stock options, RSS do not require the employee to buy the shares but rather receive them as part of their compensation package. The incentive serves as a motivator for employees to remain with the company and contribute to its long-term success. 3. Performance Shares: This type of incentive ties the number of shares awarded to an employee's performance against predetermined goals and targets. It encourages employees to focus on achieving specific objectives and contributes to their involvement in the company's growth. As performance shares are directly linked to individual or team achievements, they serve as a powerful tool for enhancing performance. 4. Cash Bonuses: In addition to stock-based incentives, Sierra Health Services, Inc.'s Wyoming TIP may also include cash bonuses based on individual or company performance. These bonuses can be tied to reaching specific financial targets, meeting operational objectives, or exceeding customer satisfaction metrics. Cash bonuses provide immediate recognition and reward for employees and further motivate them to strive for excellence. Sierra Health Services, Inc. believes that offering a comprehensive range of long-term incentives through the Wyoming TIP helps drive employee engagement, loyalty, and productivity. By aligning employee goals with the success of the company, this plan enhances the overall performance and value of the organization.