Chicago Illinois Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Chicago
• 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 Chicago Illinois Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive equity compensation plan specifically designed for nonemployee directors of the company based in Chicago, Illinois. This plan entitles nonemployee directors to receive stock options as a form of compensation. The Chicago Illinois Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. offers various types of stock options to nonemployee directors, including: 1. Non-Qualified Stock Options (Nests): These options provide nonemployee directors with the right to purchase company stock at a predetermined exercise price. Nonemployee directors can exercise these options at any time during a specified period, generally after a vesting period. 2. Incentive Stock Options (SOS): These options are generally only available for employees, but certain nonemployee directors may be eligible to receive SOS under this plan. SOS offer tax advantages, including the ability to potentially qualify for long-term capital gains tax rates upon exercise and sale of the stock. 3. Restricted Stock Units (RSS): In addition to stock options, the plan may also include RSS as a form of compensation. RSS represents a promise to deliver company stock at a future date, typically after a predetermined vesting period. Once vested, nonemployee directors receive the stock units in the form of actual shares of stock. The Chicago Illinois Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is designed to align the interests of nonemployee directors with those of the company's shareholders. By granting stock options, the plan encourages nonemployee directors to make decisions that enhance share value and contribute to the company's long-term growth and success. This equity compensation plan provides nonemployee directors with an opportunity to participate in the company's financial success and enhances their commitment to the company's mission and strategic goals. It serves as a valuable incentive to attract and retain qualified individuals to serve on the board of directors and provide guidance and oversight to National Surgery Centers, Inc. The Chicago Illinois Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. aims to promote corporate governance, strengthen its directorial team, and ultimately maximize shareholder value. By offering different types of stock options, the plan provides flexibility to meet the unique needs and goals of nonemployee directors.

Chicago Illinois Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive equity compensation plan specifically designed for nonemployee directors of the company based in Chicago, Illinois. This plan entitles nonemployee directors to receive stock options as a form of compensation. The Chicago Illinois Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. offers various types of stock options to nonemployee directors, including: 1. Non-Qualified Stock Options (Nests): These options provide nonemployee directors with the right to purchase company stock at a predetermined exercise price. Nonemployee directors can exercise these options at any time during a specified period, generally after a vesting period. 2. Incentive Stock Options (SOS): These options are generally only available for employees, but certain nonemployee directors may be eligible to receive SOS under this plan. SOS offer tax advantages, including the ability to potentially qualify for long-term capital gains tax rates upon exercise and sale of the stock. 3. Restricted Stock Units (RSS): In addition to stock options, the plan may also include RSS as a form of compensation. RSS represents a promise to deliver company stock at a future date, typically after a predetermined vesting period. Once vested, nonemployee directors receive the stock units in the form of actual shares of stock. The Chicago Illinois Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is designed to align the interests of nonemployee directors with those of the company's shareholders. By granting stock options, the plan encourages nonemployee directors to make decisions that enhance share value and contribute to the company's long-term growth and success. This equity compensation plan provides nonemployee directors with an opportunity to participate in the company's financial success and enhances their commitment to the company's mission and strategic goals. It serves as a valuable incentive to attract and retain qualified individuals to serve on the board of directors and provide guidance and oversight to National Surgery Centers, Inc. The Chicago Illinois Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. aims to promote corporate governance, strengthen its directorial team, and ultimately maximize shareholder value. By offering different types of stock options, the plan provides flexibility to meet the unique needs and goals of nonemployee directors.