Bexar Texas Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Bexar
• 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 Bexar Texas Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive program designed to provide nonemployee directors of the company with stock options as a means of aligning their interests with the long-term success of the organization. This plan is instrumental in attracting and retaining highly skilled individuals who contribute their expertise to the board of directors. Under the Bexar Texas Nonemployee Directors Stock Option Plan, nonemployee directors are granted the opportunity to purchase a specific number of shares of National Surgery Centers, Inc. stock at a predetermined price, known as the exercise price. These stock options usually have a vesting schedule to ensure that directors remain involved with the company for an extended period. There are different types of Stock Option Plans that can be offered under the Bexar Texas Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc., including: 1. Standard Stock Option Plan: This plan grants nonemployee directors the right to purchase company stock at a fixed price over a specific period. Depending on the terms, these options may be exercisable immediately or may have a vesting period that spans several years. 2. Incentive Stock Option Plan: As the name suggests, this type of plan serves as an incentive for nonemployee directors. It provides tax advantages by treating the income generated from exercising the stock options as a capital gain rather than ordinary income. 3. Nonqualified Stock Option Plan: Unlike incentive stock options, nonqualified stock options do not receive the same tax benefits. The income generated upon exercise is taxed as ordinary income. However, these options offer more flexibility in terms of their exercise price and vesting schedule. The Bexar Texas Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. serves as a valuable tool in attracting talented individuals to contribute to the strategic decision-making process within the company. By providing stock options, National Surgery Centers, Inc. can ensure that the interests of nonemployee directors are closely aligned with the organization's long-term success.

The Bexar Texas Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive program designed to provide nonemployee directors of the company with stock options as a means of aligning their interests with the long-term success of the organization. This plan is instrumental in attracting and retaining highly skilled individuals who contribute their expertise to the board of directors. Under the Bexar Texas Nonemployee Directors Stock Option Plan, nonemployee directors are granted the opportunity to purchase a specific number of shares of National Surgery Centers, Inc. stock at a predetermined price, known as the exercise price. These stock options usually have a vesting schedule to ensure that directors remain involved with the company for an extended period. There are different types of Stock Option Plans that can be offered under the Bexar Texas Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc., including: 1. Standard Stock Option Plan: This plan grants nonemployee directors the right to purchase company stock at a fixed price over a specific period. Depending on the terms, these options may be exercisable immediately or may have a vesting period that spans several years. 2. Incentive Stock Option Plan: As the name suggests, this type of plan serves as an incentive for nonemployee directors. It provides tax advantages by treating the income generated from exercising the stock options as a capital gain rather than ordinary income. 3. Nonqualified Stock Option Plan: Unlike incentive stock options, nonqualified stock options do not receive the same tax benefits. The income generated upon exercise is taxed as ordinary income. However, these options offer more flexibility in terms of their exercise price and vesting schedule. The Bexar Texas Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. serves as a valuable tool in attracting talented individuals to contribute to the strategic decision-making process within the company. By providing stock options, National Surgery Centers, Inc. can ensure that the interests of nonemployee directors are closely aligned with the organization's long-term success.