Clark Nevada Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Clark
• 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 Clark Nevada Nonemployee Directors Stock Option Plan is a program implemented by National Surgery Centers, Inc. to offer stock options to non-employee directors. This plan is designed to incentivize non-employee directors by granting them the opportunity to purchase shares of the company's stock at predetermined prices within a specified timeframe. The Clark Nevada Nonemployee Directors Stock Option Plan is implemented with the aim of aligning the interests of non-employee directors with those of the company's shareholders. By granting stock options, SCI provides directors with a means of benefiting financially from the future success and growth of the company. Under this plan, non-employee directors are given the right to purchase a specific number of shares of SCI stock at a specified exercise price. The exercise price is determined based on the fair market value of the stock on the grant date. Directors can exercise their options gradually over a predetermined vesting period, typically spanning a few years, to encourage consistent commitment and long-term engagement. One type of the Clark Nevada Nonemployee Directors Stock Option Plan is the Standard non-qualified stock options. These options allow directors to purchase company stock at a set price, regardless of the stock's market value at the time of exercise. Another type may include Incentive stock options (SOS) which have different tax advantages and restrictions, but their applicability to non-employee directors may vary based on specific regulations and company policies. The Clark Nevada Nonemployee Directors Stock Option Plan seeks to attract and retain qualified directors by offering them an opportunity to become shareholders and share in the company's success. This aligns the interests of the directors with those of the company's shareholders, encouraging greater dedication, commitment, and active participation in the company's strategic decisions. Please note that this description is a general overview of the Clark Nevada Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc., and it is advisable to refer to the specific terms and conditions outlined in the official plan documents for a comprehensive understanding of its provisions and any variations that may exist.

Clark Nevada Nonemployee Directors Stock Option Plan is a program implemented by National Surgery Centers, Inc. to offer stock options to non-employee directors. This plan is designed to incentivize non-employee directors by granting them the opportunity to purchase shares of the company's stock at predetermined prices within a specified timeframe. The Clark Nevada Nonemployee Directors Stock Option Plan is implemented with the aim of aligning the interests of non-employee directors with those of the company's shareholders. By granting stock options, SCI provides directors with a means of benefiting financially from the future success and growth of the company. Under this plan, non-employee directors are given the right to purchase a specific number of shares of SCI stock at a specified exercise price. The exercise price is determined based on the fair market value of the stock on the grant date. Directors can exercise their options gradually over a predetermined vesting period, typically spanning a few years, to encourage consistent commitment and long-term engagement. One type of the Clark Nevada Nonemployee Directors Stock Option Plan is the Standard non-qualified stock options. These options allow directors to purchase company stock at a set price, regardless of the stock's market value at the time of exercise. Another type may include Incentive stock options (SOS) which have different tax advantages and restrictions, but their applicability to non-employee directors may vary based on specific regulations and company policies. The Clark Nevada Nonemployee Directors Stock Option Plan seeks to attract and retain qualified directors by offering them an opportunity to become shareholders and share in the company's success. This aligns the interests of the directors with those of the company's shareholders, encouraging greater dedication, commitment, and active participation in the company's strategic decisions. Please note that this description is a general overview of the Clark Nevada Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc., and it is advisable to refer to the specific terms and conditions outlined in the official plan documents for a comprehensive understanding of its provisions and any variations that may exist.