Bronx New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Bronx
• 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 Bronx, New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive and attractive compensation package offered to nonemployee directors of the company based in the Bronx, New York. This specialized plan aims to reward and retain highly skilled and experienced directors, while aligning their interests with those of the company's shareholders. By offering stock options as part of their compensation, National Surgery Centers, Inc. motivates nonemployee directors to contribute to the company's long-term success. The Bronx, New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. provides nonemployee directors with the opportunity to purchase company shares at a predetermined price, known as the exercise price, within a specified timeframe. This stock option plan allows directors to buy these shares at a future date, usually after a vesting period, giving them the chance to benefit from potential stock price increases. There are different types of stock option plans that the Bronx, New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. may offer, including: 1. Non-Qualified Stock Options (Nests): Nonemployee directors can purchase company shares at the exercise price, which is typically set at the current market value of the stock on the grant date. These stock options are subject to income tax at the time of exercise, based on the difference between the exercise price and the market value of the shares at that time. 2. Incentive Stock Options (SOS): SOS are another type of stock option that can be offered to nonemployee directors. These options are generally more tax-advantaged compared to Nests. SOS allow directors to purchase company shares at a specified price without incurring immediate tax liabilities. However, they are subject to certain Internal Revenue Service (IRS) requirements, such as a limit on the total value of shares that can be granted per year. 3. Restricted Stock Units (RSS): In addition to stock options, the Bronx, New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. may also offer restricted stock units. RSS is a form of equity compensation where directors receive units that represent shares of company stock. These units are subject to a vesting period, after which directors can receive actual company shares. The Bronx, New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. recognizes the valuable contributions of nonemployee directors and strives to ensure their continued involvement and dedication to the company's growth and success. By providing stock options or RSS, the plan encourages nonemployee directors to actively participate in decision-making, aligning their interests with those of the shareholders, and enhancing the long-term stability and prosperity of National Surgery Centers, Inc.

The Bronx, New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive and attractive compensation package offered to nonemployee directors of the company based in the Bronx, New York. This specialized plan aims to reward and retain highly skilled and experienced directors, while aligning their interests with those of the company's shareholders. By offering stock options as part of their compensation, National Surgery Centers, Inc. motivates nonemployee directors to contribute to the company's long-term success. The Bronx, New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. provides nonemployee directors with the opportunity to purchase company shares at a predetermined price, known as the exercise price, within a specified timeframe. This stock option plan allows directors to buy these shares at a future date, usually after a vesting period, giving them the chance to benefit from potential stock price increases. There are different types of stock option plans that the Bronx, New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. may offer, including: 1. Non-Qualified Stock Options (Nests): Nonemployee directors can purchase company shares at the exercise price, which is typically set at the current market value of the stock on the grant date. These stock options are subject to income tax at the time of exercise, based on the difference between the exercise price and the market value of the shares at that time. 2. Incentive Stock Options (SOS): SOS are another type of stock option that can be offered to nonemployee directors. These options are generally more tax-advantaged compared to Nests. SOS allow directors to purchase company shares at a specified price without incurring immediate tax liabilities. However, they are subject to certain Internal Revenue Service (IRS) requirements, such as a limit on the total value of shares that can be granted per year. 3. Restricted Stock Units (RSS): In addition to stock options, the Bronx, New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. may also offer restricted stock units. RSS is a form of equity compensation where directors receive units that represent shares of company stock. These units are subject to a vesting period, after which directors can receive actual company shares. The Bronx, New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. recognizes the valuable contributions of nonemployee directors and strives to ensure their continued involvement and dedication to the company's growth and success. By providing stock options or RSS, the plan encourages nonemployee directors to actively participate in decision-making, aligning their interests with those of the shareholders, and enhancing the long-term stability and prosperity of National Surgery Centers, Inc.