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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Houston
• 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 Houston Texas Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc., is a comprehensive stock option program designed specifically for nonemployee directors of the company. This plan offers an attractive compensation package and aligns the interests of directors with that of the company and its shareholders. Nonemployee directors play a crucial role in the strategic decision-making process of National Surgery Centers, Inc. As leaders from diverse backgrounds and expertise, they contribute their valuable insights and perspectives to help steer the company towards its goals. To recognize their diligent service and reward their commitment, the Houston Texas Nonemployee Directors Stock Option Plan offers an enticing compensation structure. This stock option plan allows nonemployee directors to purchase a specified number of shares of National Surgery Centers, Inc. stock at a predetermined price, commonly referred to as the grant price, within a defined period. These stock options typically have a vesting period during which the director must hold their position continuously to be eligible to exercise the options. By participating in the Houston Texas Nonemployee Directors Stock Option Plan, directors have the opportunity to benefit directly from the company's future growth and success. As the stock price appreciates over time, directors can exercise their options and acquire shares at the grant price, thereby realizing potential gains. The plan promotes a sense of ownership and fosters long-term commitment among nonemployee directors. It incentivizes them to contribute actively to the company's growth, profitability, and overall shareholder value. Furthermore, aligning the interests of directors with shareholders through stock options creates a strong bond and bolsters transparency and accountability. While there may not be different types of Houston Texas Nonemployee Directors Stock Option Plans of National Surgery Centers, Inc., the plan may encompass various provisions that align with current market practices and comply with applicable laws and regulations. In some cases, there might be specific eligibility criteria based on director tenure or other performance-related factors. In summary, the Houston Texas Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc., is a dynamic compensation program designed exclusively for nonemployee directors. It aims to reward their valuable contributions, encourage long-term commitment, and align their interests with the company's overall success. By fostering a sense of ownership, this plan establishes a strong partnership between directors and shareholders, driving National Surgery Centers, Inc., towards continued growth and prosperity.

The Houston Texas Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc., is a comprehensive stock option program designed specifically for nonemployee directors of the company. This plan offers an attractive compensation package and aligns the interests of directors with that of the company and its shareholders. Nonemployee directors play a crucial role in the strategic decision-making process of National Surgery Centers, Inc. As leaders from diverse backgrounds and expertise, they contribute their valuable insights and perspectives to help steer the company towards its goals. To recognize their diligent service and reward their commitment, the Houston Texas Nonemployee Directors Stock Option Plan offers an enticing compensation structure. This stock option plan allows nonemployee directors to purchase a specified number of shares of National Surgery Centers, Inc. stock at a predetermined price, commonly referred to as the grant price, within a defined period. These stock options typically have a vesting period during which the director must hold their position continuously to be eligible to exercise the options. By participating in the Houston Texas Nonemployee Directors Stock Option Plan, directors have the opportunity to benefit directly from the company's future growth and success. As the stock price appreciates over time, directors can exercise their options and acquire shares at the grant price, thereby realizing potential gains. The plan promotes a sense of ownership and fosters long-term commitment among nonemployee directors. It incentivizes them to contribute actively to the company's growth, profitability, and overall shareholder value. Furthermore, aligning the interests of directors with shareholders through stock options creates a strong bond and bolsters transparency and accountability. While there may not be different types of Houston Texas Nonemployee Directors Stock Option Plans of National Surgery Centers, Inc., the plan may encompass various provisions that align with current market practices and comply with applicable laws and regulations. In some cases, there might be specific eligibility criteria based on director tenure or other performance-related factors. In summary, the Houston Texas Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc., is a dynamic compensation program designed exclusively for nonemployee directors. It aims to reward their valuable contributions, encourage long-term commitment, and align their interests with the company's overall success. By fostering a sense of ownership, this plan establishes a strong partnership between directors and shareholders, driving National Surgery Centers, Inc., towards continued growth and prosperity.