Allegheny Pennsylvania Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Allegheny
• 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 Allegheny Pennsylvania Nonemployee Directors Stock Option Plan is a compensation scheme offered by National Surgery Centers, Inc. This plan specifically targets nonemployee directors of the company by providing them with stock options. These stock options allow nonemployee directors to purchase shares of the company's common stock at a predetermined price. These options give the directors the right, but not the obligation, to buy company shares within a specific time frame. The Allegheny Pennsylvania Nonemployee Directors Stock Option Plan is designed as a reward and incentive program to align the interests of nonemployee directors with the company's long-term growth and success. By offering stock options, National Surgery Centers, Inc. aims to motivate nonemployee directors to make decisions that benefit the company's shareholders and enhance the overall value of the organization. These stock options hold great significance for nonemployee directors, as they often have a wealth of industry experience and provide valuable guidance to the company's management team. By granting stock options, National Surgery Centers, Inc. seeks to attract and retain talented nonemployee directors who can contribute to strategic decision-making and corporate governance. The Allegheny Pennsylvania Nonemployee Directors Stock Option Plan operates through a vesting period, during which these stock options gradually become exercisable. The vesting period incentivizes nonemployee directors to remain committed to the company over the long term. The plan may have different variations, such as: 1. Standard Stock Option Plan: This is the primary plan that offers standard stock options to nonemployee directors based in Allegheny, Pennsylvania. It follows a specific vesting schedule and outlines the terms and conditions for exercising these options. 2. Performance-Based Stock Option Plan: This plan is specifically designed to reward nonemployee directors for achieving predetermined performance goals set by National Surgery Centers, Inc. It offers stock options that can be exercised based on the company's financial or operational performance targets. 3. Restricted Stock Unit (RSU) Plan: In addition to the traditional stock options, National Surgery Centers, Inc. may also offer RSS to nonemployee directors in Allegheny, Pennsylvania. RSS is a form of deferred stock compensation where the director receives the value of company shares at a future date. The Allegheny Pennsylvania Nonemployee Directors Stock Option Plan plays a crucial role in attracting and incentivizing qualified nonemployee directors for National Surgery Centers, Inc. It ensures that these directors have a stake in the company's success, fostering a sense of ownership and dedication in their decision-making processes.

The Allegheny Pennsylvania Nonemployee Directors Stock Option Plan is a compensation scheme offered by National Surgery Centers, Inc. This plan specifically targets nonemployee directors of the company by providing them with stock options. These stock options allow nonemployee directors to purchase shares of the company's common stock at a predetermined price. These options give the directors the right, but not the obligation, to buy company shares within a specific time frame. The Allegheny Pennsylvania Nonemployee Directors Stock Option Plan is designed as a reward and incentive program to align the interests of nonemployee directors with the company's long-term growth and success. By offering stock options, National Surgery Centers, Inc. aims to motivate nonemployee directors to make decisions that benefit the company's shareholders and enhance the overall value of the organization. These stock options hold great significance for nonemployee directors, as they often have a wealth of industry experience and provide valuable guidance to the company's management team. By granting stock options, National Surgery Centers, Inc. seeks to attract and retain talented nonemployee directors who can contribute to strategic decision-making and corporate governance. The Allegheny Pennsylvania Nonemployee Directors Stock Option Plan operates through a vesting period, during which these stock options gradually become exercisable. The vesting period incentivizes nonemployee directors to remain committed to the company over the long term. The plan may have different variations, such as: 1. Standard Stock Option Plan: This is the primary plan that offers standard stock options to nonemployee directors based in Allegheny, Pennsylvania. It follows a specific vesting schedule and outlines the terms and conditions for exercising these options. 2. Performance-Based Stock Option Plan: This plan is specifically designed to reward nonemployee directors for achieving predetermined performance goals set by National Surgery Centers, Inc. It offers stock options that can be exercised based on the company's financial or operational performance targets. 3. Restricted Stock Unit (RSU) Plan: In addition to the traditional stock options, National Surgery Centers, Inc. may also offer RSS to nonemployee directors in Allegheny, Pennsylvania. RSS is a form of deferred stock compensation where the director receives the value of company shares at a future date. The Allegheny Pennsylvania Nonemployee Directors Stock Option Plan plays a crucial role in attracting and incentivizing qualified nonemployee directors for National Surgery Centers, Inc. It ensures that these directors have a stake in the company's success, fostering a sense of ownership and dedication in their decision-making processes.