King Washington Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: King
• 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 King Washington Nonemployee Directors Stock Option Plan is a program implemented by National Surgery Centers, Inc. to incentivize nonemployee directors with stock options. This plan is specifically designed for board members who are not full-time employees of the company. The King Washington Nonemployee Directors Stock Option Plan offers nonemployee directors the opportunity to acquire stock options in National Surgery Centers, Inc. These stock options grant them the right to purchase company shares at a predetermined price within a specified timeframe. These options can be an attractive form of compensation, as they allow directors to potentially benefit from the company's growth and success. This plan serves as a means to align the interests of nonemployee directors with those of the company's shareholders. By providing them with stock options, National Surgery Centers, Inc. aims to motivate and retain talented individuals in its board who are committed to the company's long-term success. This compensation program serves as an additional incentive for nonemployee directors to contribute their expertise and actively participate in the decision-making process. Different types of King Washington Nonemployee Directors Stock Option Plans may be offered by National Surgery Centers, Inc. These may include: 1. Standard Stock Option Plan: This type of plan offers nonemployee directors the opportunity to purchase company stock at a fixed price within a predetermined timeframe. 2. Performance-based Stock Option Plan: This plan incorporates specific performance targets and goals that nonemployee directors must meet to exercise their stock options. The performance criteria may be related to the company's financial performance, operational achievements, or other predetermined metrics. 3. Restricted Stock Option Plan: Under this plan, nonemployee directors are granted stock options that have certain restrictions. These restrictions could be in the form of vesting schedules, meaning the options become exercisable over a period of time or once certain milestones are met. Overall, the King Washington Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. provides an opportunity for nonemployee directors to own a stake in the company and participate in its growth. This compensation program enhances the company's ability to attract and retain experienced individuals who can contribute to its strategic direction and overall success.

The King Washington Nonemployee Directors Stock Option Plan is a program implemented by National Surgery Centers, Inc. to incentivize nonemployee directors with stock options. This plan is specifically designed for board members who are not full-time employees of the company. The King Washington Nonemployee Directors Stock Option Plan offers nonemployee directors the opportunity to acquire stock options in National Surgery Centers, Inc. These stock options grant them the right to purchase company shares at a predetermined price within a specified timeframe. These options can be an attractive form of compensation, as they allow directors to potentially benefit from the company's growth and success. This plan serves as a means to align the interests of nonemployee directors with those of the company's shareholders. By providing them with stock options, National Surgery Centers, Inc. aims to motivate and retain talented individuals in its board who are committed to the company's long-term success. This compensation program serves as an additional incentive for nonemployee directors to contribute their expertise and actively participate in the decision-making process. Different types of King Washington Nonemployee Directors Stock Option Plans may be offered by National Surgery Centers, Inc. These may include: 1. Standard Stock Option Plan: This type of plan offers nonemployee directors the opportunity to purchase company stock at a fixed price within a predetermined timeframe. 2. Performance-based Stock Option Plan: This plan incorporates specific performance targets and goals that nonemployee directors must meet to exercise their stock options. The performance criteria may be related to the company's financial performance, operational achievements, or other predetermined metrics. 3. Restricted Stock Option Plan: Under this plan, nonemployee directors are granted stock options that have certain restrictions. These restrictions could be in the form of vesting schedules, meaning the options become exercisable over a period of time or once certain milestones are met. Overall, the King Washington Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. provides an opportunity for nonemployee directors to own a stake in the company and participate in its growth. This compensation program enhances the company's ability to attract and retain experienced individuals who can contribute to its strategic direction and overall success.