Hennepin Minnesota Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Hennepin
• 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 Hennepin Minnesota Nonemployee Directors Stock Option Plan is a program established by National Surgery Centers, Inc. that allows nonemployee directors in Hennepin County, Minnesota, to receive stock options as part of their compensation package. This plan is designed to incentivize and reward nonemployee directors for their contributions to the success of the company. Under this stock option plan, qualified nonemployee directors are granted the opportunity to purchase a specific number of company shares at a predetermined exercise price. The options typically vest over a certain period, encouraging directors to remain involved with the company in the long term and align their interests with those of the shareholders. The Hennepin Minnesota Nonemployee Directors Stock Option Plan further enhances the company's corporate governance by offering an additional means of attracting experienced and qualified individuals to serve as directors. By providing stock options, National Surgery Centers, Inc. can attract individuals who have a vested interest in the company's performance and growth. In summary, the Hennepin Minnesota Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. offers an opportunity for nonemployee directors in Hennepin County, Minnesota, to receive stock options as part of their compensation. This plan aligns the interests of directors with shareholders, incentivizes long-term involvement, and reinforces the company's commitment to effective corporate governance. Note: No information was found regarding different types or variations of the Hennepin Minnesota Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

The Hennepin Minnesota Nonemployee Directors Stock Option Plan is a program established by National Surgery Centers, Inc. that allows nonemployee directors in Hennepin County, Minnesota, to receive stock options as part of their compensation package. This plan is designed to incentivize and reward nonemployee directors for their contributions to the success of the company. Under this stock option plan, qualified nonemployee directors are granted the opportunity to purchase a specific number of company shares at a predetermined exercise price. The options typically vest over a certain period, encouraging directors to remain involved with the company in the long term and align their interests with those of the shareholders. The Hennepin Minnesota Nonemployee Directors Stock Option Plan further enhances the company's corporate governance by offering an additional means of attracting experienced and qualified individuals to serve as directors. By providing stock options, National Surgery Centers, Inc. can attract individuals who have a vested interest in the company's performance and growth. In summary, the Hennepin Minnesota Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. offers an opportunity for nonemployee directors in Hennepin County, Minnesota, to receive stock options as part of their compensation. This plan aligns the interests of directors with shareholders, incentivizes long-term involvement, and reinforces the company's commitment to effective corporate governance. Note: No information was found regarding different types or variations of the Hennepin Minnesota Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.