Montgomery Maryland Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Montgomery
• 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 Montgomery Maryland Nonemployee Directors Stock Option Plan is a compensation program implemented by National Surgery Centers, Inc. specifically designed for nonemployee directors based in Montgomery, Maryland. This plan grants nonemployee directors the opportunity to purchase company stock options at a predetermined price within a specified time frame. The Montgomery Maryland Nonemployee Directors Stock Option Plan incentivizes nonemployee directors by providing them with an additional means of acquiring company ownership. By granting stock options, National Surgery Centers, Inc. encourages the alignment of interests between nonemployee directors and shareholders, ultimately fostering a commitment to the company's long-term success. This stock option plan enables nonemployee directors to purchase company stock at a predetermined price, known as the exercise price. These options typically vest over a specific period, ensuring that directors remain actively engaged with the company. Once vested, directors can exercise their options by purchasing stock at the exercise price and can then choose to hold or sell the shares depending on market conditions. The Montgomery Maryland Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. offers multiple types of stock option grants to cater to different needs and circumstances. Some common types include: 1. Non-qualified Stock Options (SOS): These stock options provide nonemployee directors with flexibility and tax advantages. SOS are taxed when the options are exercised, and the director incurs ordinary income tax on the difference between the exercise price and the market price at the time of exercise. 2. Incentive Stock Options (SOS): This type of stock option plan is designed to incentivize nonemployee directors by offering potential tax benefits. SOS are generally not taxed at the time of exercise, but if certain criteria are met, the gain on sale of the stock may be taxed as long-term capital gains. 3. Restricted Stock Units (RSS): Unlike stock options, RSS grant nonemployee directors units of company stock directly. These units typically vest over a specific time period and can be converted into shares of stock upon vesting. RSS provides a sense of ownership without the upfront cost of purchasing stock. National Surgery Centers, Inc. carefully designs its Montgomery Maryland Nonemployee Directors Stock Option Plan to attract and retain top-tier nonemployee directors by aligning their interests with the company's overall performance and ensuring a commitment to long-term growth. This program offers flexibility in stock option types and tax benefits while promoting a sense of ownership among nonemployee directors.

The Montgomery Maryland Nonemployee Directors Stock Option Plan is a compensation program implemented by National Surgery Centers, Inc. specifically designed for nonemployee directors based in Montgomery, Maryland. This plan grants nonemployee directors the opportunity to purchase company stock options at a predetermined price within a specified time frame. The Montgomery Maryland Nonemployee Directors Stock Option Plan incentivizes nonemployee directors by providing them with an additional means of acquiring company ownership. By granting stock options, National Surgery Centers, Inc. encourages the alignment of interests between nonemployee directors and shareholders, ultimately fostering a commitment to the company's long-term success. This stock option plan enables nonemployee directors to purchase company stock at a predetermined price, known as the exercise price. These options typically vest over a specific period, ensuring that directors remain actively engaged with the company. Once vested, directors can exercise their options by purchasing stock at the exercise price and can then choose to hold or sell the shares depending on market conditions. The Montgomery Maryland Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. offers multiple types of stock option grants to cater to different needs and circumstances. Some common types include: 1. Non-qualified Stock Options (SOS): These stock options provide nonemployee directors with flexibility and tax advantages. SOS are taxed when the options are exercised, and the director incurs ordinary income tax on the difference between the exercise price and the market price at the time of exercise. 2. Incentive Stock Options (SOS): This type of stock option plan is designed to incentivize nonemployee directors by offering potential tax benefits. SOS are generally not taxed at the time of exercise, but if certain criteria are met, the gain on sale of the stock may be taxed as long-term capital gains. 3. Restricted Stock Units (RSS): Unlike stock options, RSS grant nonemployee directors units of company stock directly. These units typically vest over a specific time period and can be converted into shares of stock upon vesting. RSS provides a sense of ownership without the upfront cost of purchasing stock. National Surgery Centers, Inc. carefully designs its Montgomery Maryland Nonemployee Directors Stock Option Plan to attract and retain top-tier nonemployee directors by aligning their interests with the company's overall performance and ensuring a commitment to long-term growth. This program offers flexibility in stock option types and tax benefits while promoting a sense of ownership among nonemployee directors.