Middlesex Massachusetts Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Middlesex
• 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 Middlesex Massachusetts Nonemployee Directors Stock Option Plan is a vital aspect of National Surgery Centers, Inc. It plays a crucial role in attracting and retaining talented individuals to serve as nonemployee directors in the company. This plan offers stock options as a form of compensation to these directors, providing them with a unique opportunity to share in the success and growth of National Surgery Centers, Inc. By offering stock options, the company aims to align the interests of nonemployee directors with those of shareholders, fostering a strong sense of commitment and a drive towards company objectives. It is a testament to the company's dedication to attracting high-quality professionals who can contribute their expertise and insight to the decision-making process. Under the Middlesex Massachusetts Nonemployee Directors Stock Option Plan, these options are granted to nonemployee directors, allowing them to purchase shares of National Surgery Centers, Inc. stock at a predetermined exercise price. These options typically have a vesting period, ensuring that directors remain engaged and motivated over the long term. Once vested, directors can exercise their options and acquire company shares, thereby benefitting from any appreciation in stock value. The plan also recognizes that different types of nonemployee directors may have varying expectations or contributions. Therefore, there may be distinct variations of the Middlesex Massachusetts Nonemployee Directors Stock Option Plan, catering to specific roles or responsibilities within the board of directors. Some potential types could include: 1. Committee Chair Stock Option Plan: National Surgery Centers, Inc. may offer a specialized option plan for nonemployee directors who lead various committees within the board, such as the audit committee or the compensation committee. This plan would provide additional incentives to committee chairs, acknowledging their elevated responsibilities and the significance of their roles. 2. Independent Lead Director Stock Option Plan: In cases where an independent lead director serves a prominent leadership role among the nonemployee directors, a designated stock option plan tailored to their position may be established. This plan would recognize their unique contributions and greater oversight within the board, ensuring a fair and competitive compensation package. In conclusion, the Middlesex Massachusetts Nonemployee Directors Stock Option Plan embodies National Surgery Centers, Inc.'s commitment to engaging talented nonemployee directors by providing them with stock options. It serves as a powerful tool to align their interests with those of the company and incentivize their long-term commitment to achieving corporate goals. Overall, these stock options hold substantial value for the nonemployee directors of National Surgery Centers, Inc.

The Middlesex Massachusetts Nonemployee Directors Stock Option Plan is a vital aspect of National Surgery Centers, Inc. It plays a crucial role in attracting and retaining talented individuals to serve as nonemployee directors in the company. This plan offers stock options as a form of compensation to these directors, providing them with a unique opportunity to share in the success and growth of National Surgery Centers, Inc. By offering stock options, the company aims to align the interests of nonemployee directors with those of shareholders, fostering a strong sense of commitment and a drive towards company objectives. It is a testament to the company's dedication to attracting high-quality professionals who can contribute their expertise and insight to the decision-making process. Under the Middlesex Massachusetts Nonemployee Directors Stock Option Plan, these options are granted to nonemployee directors, allowing them to purchase shares of National Surgery Centers, Inc. stock at a predetermined exercise price. These options typically have a vesting period, ensuring that directors remain engaged and motivated over the long term. Once vested, directors can exercise their options and acquire company shares, thereby benefitting from any appreciation in stock value. The plan also recognizes that different types of nonemployee directors may have varying expectations or contributions. Therefore, there may be distinct variations of the Middlesex Massachusetts Nonemployee Directors Stock Option Plan, catering to specific roles or responsibilities within the board of directors. Some potential types could include: 1. Committee Chair Stock Option Plan: National Surgery Centers, Inc. may offer a specialized option plan for nonemployee directors who lead various committees within the board, such as the audit committee or the compensation committee. This plan would provide additional incentives to committee chairs, acknowledging their elevated responsibilities and the significance of their roles. 2. Independent Lead Director Stock Option Plan: In cases where an independent lead director serves a prominent leadership role among the nonemployee directors, a designated stock option plan tailored to their position may be established. This plan would recognize their unique contributions and greater oversight within the board, ensuring a fair and competitive compensation package. In conclusion, the Middlesex Massachusetts Nonemployee Directors Stock Option Plan embodies National Surgery Centers, Inc.'s commitment to engaging talented nonemployee directors by providing them with stock options. It serves as a powerful tool to align their interests with those of the company and incentivize their long-term commitment to achieving corporate goals. Overall, these stock options hold substantial value for the nonemployee directors of National Surgery Centers, Inc.