Kings New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Kings
• 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 Kings New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive compensation program designed specifically for nonemployee directors of the company. This plan aims to reward and incentivize nonemployee directors by granting them stock options, allowing them to purchase company shares at a predetermined price within a specified timeframe. The Kings New York Nonemployee Directors Stock Option Plan is carefully structured to align the interests of nonemployee directors with the long-term success and growth of National Surgery Centers, Inc. By offering stock options, directors are encouraged to contribute their expertise and knowledge towards achieving the company's objectives, as their financial rewards are directly tied to the company's future performance. Under this plan, nonemployee directors have the opportunity to acquire National Surgery Centers, Inc.'s stock at a pre-established exercise price, often referred to as the strike price. The stock options are typically granted as part of the director's overall compensation package and are subject to vesting schedules, meaning that the options become exercisable over a specific period of time, incentivizing the directors to remain actively engaged with the company. It is important to note that different types of Kings New York Nonemployee Directors Stock Option Plans may exist, each with its own unique features. Some variations may depend on factors such as the director's level of seniority, tenure, or the company's overall performance. These different types of plans may offer varying strike prices, vesting schedules, or other terms and conditions. As an executive compensation tool, the Kings New York Nonemployee Directors Stock Option Plan helps attract and retain experienced directors who can contribute to the strategic decision-making process and provide valuable insights. By granting stock options, National Surgery Centers, Inc. not only acknowledges the significant role nonemployee directors play in shaping the company's future but also provides them with the opportunity to participate in the company's success. In summary, the Kings New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive compensation program designed to motivate and reward nonemployee directors of the company. Through the issuance of stock options, this plan aligns the interests of directors with the long-term performance and growth of National Surgery Centers, Inc., ultimately benefiting both the directors and the company as a whole.

The Kings New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive compensation program designed specifically for nonemployee directors of the company. This plan aims to reward and incentivize nonemployee directors by granting them stock options, allowing them to purchase company shares at a predetermined price within a specified timeframe. The Kings New York Nonemployee Directors Stock Option Plan is carefully structured to align the interests of nonemployee directors with the long-term success and growth of National Surgery Centers, Inc. By offering stock options, directors are encouraged to contribute their expertise and knowledge towards achieving the company's objectives, as their financial rewards are directly tied to the company's future performance. Under this plan, nonemployee directors have the opportunity to acquire National Surgery Centers, Inc.'s stock at a pre-established exercise price, often referred to as the strike price. The stock options are typically granted as part of the director's overall compensation package and are subject to vesting schedules, meaning that the options become exercisable over a specific period of time, incentivizing the directors to remain actively engaged with the company. It is important to note that different types of Kings New York Nonemployee Directors Stock Option Plans may exist, each with its own unique features. Some variations may depend on factors such as the director's level of seniority, tenure, or the company's overall performance. These different types of plans may offer varying strike prices, vesting schedules, or other terms and conditions. As an executive compensation tool, the Kings New York Nonemployee Directors Stock Option Plan helps attract and retain experienced directors who can contribute to the strategic decision-making process and provide valuable insights. By granting stock options, National Surgery Centers, Inc. not only acknowledges the significant role nonemployee directors play in shaping the company's future but also provides them with the opportunity to participate in the company's success. In summary, the Kings New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive compensation program designed to motivate and reward nonemployee directors of the company. Through the issuance of stock options, this plan aligns the interests of directors with the long-term performance and growth of National Surgery Centers, Inc., ultimately benefiting both the directors and the company as a whole.