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

State:
Multi-State
County:
Collin
Control #:
US-CC-18-185C
Format:
Word; 
Rich Text
Instant download

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 Collin Texas Nonemployee Directors Stock Option Plan is a compensation program offered by National Surgery Centers, Inc. for nonemployee directors residing in Collin, Texas. This stock option plan grants nonemployee directors the opportunity to purchase company stock at a specified price within a predetermined time period. The primary goal of the Collin Texas Nonemployee Directors Stock Option Plan is to provide an incentive to nonemployee directors and align their interests with the company's long-term growth and success. By offering stock options, National Surgery Centers, Inc. motivates nonemployee directors to make strategic decisions that positively impact the company's financial performance and increase shareholder value. The Collin Texas Nonemployee Directors Stock Option Plan includes several key features and benefits. Firstly, it allows nonemployee directors to acquire company stock at a predetermined exercise price, often lower than the market price. This provides an opportunity for financial gain if the stock's value increases over time. The plan typically includes a vesting period, during which nonemployee directors must remain on the board of directors to earn the right to exercise their stock options. This ensures that nonemployee directors have a vested interest in the long-term success of National Surgery Centers, Inc. Additionally, the Collin Texas Nonemployee Directors Stock Option Plan may have various types depending on the specific terms and conditions offered to nonemployee directors. For example, some plans may include a "nonqualified stock option" (NO), which is subject to ordinary income tax upon exercise. Others may offer "incentive stock options" (SOS), which can have tax advantages but have more stringent eligibility criteria. It is worth noting that the Collin Texas Nonemployee Directors Stock Option Plan aligns with applicable laws, regulations, and corporate governance principles. National Surgery Centers, Inc. ensures compliance with regulatory bodies like the Securities and Exchange Commission (SEC) and internal policies regarding stock option grants and exercises. In summary, the Collin Texas Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a compensation program that provides nonemployee directors with an opportunity to purchase company stock at a predetermined price. By incentivizing nonemployee directors' long-term commitment and aligning their interests with the company's success, this plan aims to drive performance and enhance shareholder value.

Collin Texas Nonemployee Directors Stock Option Plan is a compensation program offered by National Surgery Centers, Inc. for nonemployee directors residing in Collin, Texas. This stock option plan grants nonemployee directors the opportunity to purchase company stock at a specified price within a predetermined time period. The primary goal of the Collin Texas Nonemployee Directors Stock Option Plan is to provide an incentive to nonemployee directors and align their interests with the company's long-term growth and success. By offering stock options, National Surgery Centers, Inc. motivates nonemployee directors to make strategic decisions that positively impact the company's financial performance and increase shareholder value. The Collin Texas Nonemployee Directors Stock Option Plan includes several key features and benefits. Firstly, it allows nonemployee directors to acquire company stock at a predetermined exercise price, often lower than the market price. This provides an opportunity for financial gain if the stock's value increases over time. The plan typically includes a vesting period, during which nonemployee directors must remain on the board of directors to earn the right to exercise their stock options. This ensures that nonemployee directors have a vested interest in the long-term success of National Surgery Centers, Inc. Additionally, the Collin Texas Nonemployee Directors Stock Option Plan may have various types depending on the specific terms and conditions offered to nonemployee directors. For example, some plans may include a "nonqualified stock option" (NO), which is subject to ordinary income tax upon exercise. Others may offer "incentive stock options" (SOS), which can have tax advantages but have more stringent eligibility criteria. It is worth noting that the Collin Texas Nonemployee Directors Stock Option Plan aligns with applicable laws, regulations, and corporate governance principles. National Surgery Centers, Inc. ensures compliance with regulatory bodies like the Securities and Exchange Commission (SEC) and internal policies regarding stock option grants and exercises. In summary, the Collin Texas Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a compensation program that provides nonemployee directors with an opportunity to purchase company stock at a predetermined price. By incentivizing nonemployee directors' long-term commitment and aligning their interests with the company's success, this plan aims to drive performance and enhance shareholder value.

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