Alameda California Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Alameda
• Control #: US-CC-18-185C
• Format: Word; Rich Text

Description

18-185C 18-185C . . . Non-employee Directors Stock Option Plan under which Class II Non-employee directors receive options for 5,000 shares, all fully vested; Class II Non-employee directors receive options for 7,500 shares, of which 5,000 are fully vested and 2,500 vest on date of 1997 annual stockholders meeting; and Class I Non-employee directors receive options for 10,000 shares, of which 5,000 are fully vested, 2,500 vest on date of 1997 annual stockholders meeting, and 2,500 vest on date of 1998 annual stockholders meeting. Thereafter, each Non-employee director automatically receives an option on his or her election or re-election as director. Each such option is for 7,500 shares if director is elected to full three year term, of which 2,500 is vested, 2,500 vests on first anniversary of grant, and 2,500 vests on second anniversary of grant. If director is elected to fill term of less than three years, number of shares is equal to 2,500 for each full year of his or her term The Alameda California Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive stock incentive plan designed specifically for nonemployee directors of the company. This plan offers an opportunity for directors to acquire stock options and benefit from the future success of National Surgery Centers, Inc. through ownership in the form of stock options. Under this plan, nonemployee directors are granted stock options that allow them to purchase company stock at a predetermined price, also known as the exercise price. These stock options usually have a fixed term and vesting schedule, ensuring directors experience long-term commitment and alignment with the company's strategic goals. One type of Alameda California Nonemployee Directors Stock Option Plan may be the Restricted Stock Unit (RSU). RSS is a form of stock-based compensation where the director receives the right to stock units once specific conditions are met. These conditions generally include time-based vesting, performance milestones, or a combination of both. Another type of plan might allocate Stock Appreciation Rights (SARS) to nonemployee directors. SARS grants the director the right to receive cash or stock value appreciation at a specified rate over a predetermined period. This type of plan is an alternative to traditional stock options and can offer directors flexibility in how they receive their compensation. To be eligible for participation in the Alameda California Nonemployee Directors Stock Option Plan, directors typically need to serve on National Surgery Centers, Inc.'s board but not be employed by the company. The plan may also require directors to hold their stock options for a minimum period before exercising them, to encourage a long-term commitment to the company's success. In conclusion, the Alameda California Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. provides nonemployee directors with an opportunity to obtain stock options and become shareholders. The plan may include various types of stock options like RSS and SARS, offering flexibility to directors. This compensation approach ensures alignment between directors and the company's long-term goals while rewarding them for contributing to National Surgery Centers, Inc.'s success.

The Alameda California Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive stock incentive plan designed specifically for nonemployee directors of the company. This plan offers an opportunity for directors to acquire stock options and benefit from the future success of National Surgery Centers, Inc. through ownership in the form of stock options. Under this plan, nonemployee directors are granted stock options that allow them to purchase company stock at a predetermined price, also known as the exercise price. These stock options usually have a fixed term and vesting schedule, ensuring directors experience long-term commitment and alignment with the company's strategic goals. One type of Alameda California Nonemployee Directors Stock Option Plan may be the Restricted Stock Unit (RSU). RSS is a form of stock-based compensation where the director receives the right to stock units once specific conditions are met. These conditions generally include time-based vesting, performance milestones, or a combination of both. Another type of plan might allocate Stock Appreciation Rights (SARS) to nonemployee directors. SARS grants the director the right to receive cash or stock value appreciation at a specified rate over a predetermined period. This type of plan is an alternative to traditional stock options and can offer directors flexibility in how they receive their compensation. To be eligible for participation in the Alameda California Nonemployee Directors Stock Option Plan, directors typically need to serve on National Surgery Centers, Inc.'s board but not be employed by the company. The plan may also require directors to hold their stock options for a minimum period before exercising them, to encourage a long-term commitment to the company's success. In conclusion, the Alameda California Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. provides nonemployee directors with an opportunity to obtain stock options and become shareholders. The plan may include various types of stock options like RSS and SARS, offering flexibility to directors. This compensation approach ensures alignment between directors and the company's long-term goals while rewarding them for contributing to National Surgery Centers, Inc.'s success.