Maricopa Arizona Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Maricopa
• 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 Maricopa Arizona Nonemployee Directors Stock Option Plan is a stock compensation program designed specifically for nonemployee directors of National Surgery Centers, Inc., a prominent healthcare services provider headquartered in Maricopa, Arizona. This plan offers an opportunity for nonemployee directors to acquire company stocks as a form of appreciation for their valuable contributions towards the growth and success of the organization. Under the Maricopa Arizona Nonemployee Directors Stock Option Plan, nonemployee directors are granted stock options, allowing them to purchase a specified number of company shares at a predetermined price within a designated time frame. This plan serves as a powerful incentive for directors to align their interests with those of the company's shareholders, encouraging performance-driven decision-making and fostering an environment of corporate governance. Key features of the Maricopa Arizona Nonemployee Directors Stock Option Plan include: 1. Stock Options: Nonemployee directors are provided with stock options as a form of compensation. These options enable them to purchase a specific number of company shares at a predetermined price, often referred to as the exercise or strike price. 2. Vesting Period: The plan generally incorporates a vesting schedule, outlining the timeframe within which the stock options become exercisable. This encourages long-term commitment and loyalty among nonemployee directors, as the options may only be exercised after a certain period of service. 3. Exercise Period: Once the stock options have vested, nonemployee directors are given an exercise period during which they can buy the company's shares at the predetermined exercise price. This typically allows directors to exercise their options for a specific duration, often years, post-vesting. 4. Exercise Price: The exercise price is the cost at which nonemployee directors can purchase company shares through the stock option plan. This price is usually fixed when the options are granted and may be based on the market price of the company's shares at that time. By implementing the Maricopa Arizona Nonemployee Directors Stock Option Plan, National Surgery Centers, Inc. aims to attract and retain top-notch directors who can contribute their expertise and industry knowledge towards the company's growth and development. The plan incentivizes these directors to actively participate in shaping the organization's strategic decisions, while also offering them the opportunity to benefit from the company's success through stock ownership. In conclusion, the Maricopa Arizona Nonemployee Directors Stock Option Plan is instrumental in ensuring a mutually rewarding relationship between nonemployee directors and National Surgery Centers, Inc. It provides a mechanism for aligning interests, fostering commitment, and rewarding the pivotal role nonemployee directors play in the company's long-term success.

Maricopa Arizona Nonemployee Directors Stock Option Plan is a stock compensation program designed specifically for nonemployee directors of National Surgery Centers, Inc., a prominent healthcare services provider headquartered in Maricopa, Arizona. This plan offers an opportunity for nonemployee directors to acquire company stocks as a form of appreciation for their valuable contributions towards the growth and success of the organization. Under the Maricopa Arizona Nonemployee Directors Stock Option Plan, nonemployee directors are granted stock options, allowing them to purchase a specified number of company shares at a predetermined price within a designated time frame. This plan serves as a powerful incentive for directors to align their interests with those of the company's shareholders, encouraging performance-driven decision-making and fostering an environment of corporate governance. Key features of the Maricopa Arizona Nonemployee Directors Stock Option Plan include: 1. Stock Options: Nonemployee directors are provided with stock options as a form of compensation. These options enable them to purchase a specific number of company shares at a predetermined price, often referred to as the exercise or strike price. 2. Vesting Period: The plan generally incorporates a vesting schedule, outlining the timeframe within which the stock options become exercisable. This encourages long-term commitment and loyalty among nonemployee directors, as the options may only be exercised after a certain period of service. 3. Exercise Period: Once the stock options have vested, nonemployee directors are given an exercise period during which they can buy the company's shares at the predetermined exercise price. This typically allows directors to exercise their options for a specific duration, often years, post-vesting. 4. Exercise Price: The exercise price is the cost at which nonemployee directors can purchase company shares through the stock option plan. This price is usually fixed when the options are granted and may be based on the market price of the company's shares at that time. By implementing the Maricopa Arizona Nonemployee Directors Stock Option Plan, National Surgery Centers, Inc. aims to attract and retain top-notch directors who can contribute their expertise and industry knowledge towards the company's growth and development. The plan incentivizes these directors to actively participate in shaping the organization's strategic decisions, while also offering them the opportunity to benefit from the company's success through stock ownership. In conclusion, the Maricopa Arizona Nonemployee Directors Stock Option Plan is instrumental in ensuring a mutually rewarding relationship between nonemployee directors and National Surgery Centers, Inc. It provides a mechanism for aligning interests, fostering commitment, and rewarding the pivotal role nonemployee directors play in the company's long-term success.