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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Nassau
• 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 Nassau New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive and rewarding stock option program specifically designed for nonemployee directors of the company. This plan offers various types of stock options to incentivize and motivate these directors who contribute their expertise and guidance to the organization. Under this plan, nonemployee directors of National Surgery Centers, Inc. are granted stock options that allow them to purchase company shares at a pre-determined price, known as the exercise price. These stock options typically have a vesting period, during which the options become exercisable gradually over time or based on specific performance milestones. The nonemployee directors have the opportunity to benefit from the appreciation in the company's stock value, as the exercise price is usually set at the market price on the date of grant. This offers them the chance to gain substantial profits if the stock price increases over time. Moreover, these stock options can also provide a long-term financial incentive, encouraging nonemployee directors to align their interests with the shareholders and promote the company's success. The Nassau New York Nonemployee Directors Stock Option Plan may include various types of stock options, such as nonqualified stock options (Nests) or incentive stock options (SOS). The specific type of stock option granted to a nonemployee director depends on the company's guidelines and applicable regulations. Nonqualified stock options (Nests) are the most common type of stock options granted to nonemployee directors. These options offer flexibility in terms of exercise price and timing, allowing directors to maximize their financial gains by choosing the most advantageous time to exercise the options. On the other hand, incentive stock options (SOS) provide potential tax benefits for nonemployee directors. If certain conditions are met, the profits from exercising the SOS may qualify for preferential tax treatment. This type of stock option is subject to specific rules and limitations imposed by the Internal Revenue Service (IRS). Overall, the Nassau New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a valuable program that aims to attract and retain top-tier talent in the boardroom. By offering stock options, the company can align the interests of nonemployee directors with shareholders, fostering a sense of ownership and long-term commitment. This plan serves as a powerful tool to reward the invaluable contributions of these directors and drive the company towards sustainable growth and success.

The Nassau New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive and rewarding stock option program specifically designed for nonemployee directors of the company. This plan offers various types of stock options to incentivize and motivate these directors who contribute their expertise and guidance to the organization. Under this plan, nonemployee directors of National Surgery Centers, Inc. are granted stock options that allow them to purchase company shares at a pre-determined price, known as the exercise price. These stock options typically have a vesting period, during which the options become exercisable gradually over time or based on specific performance milestones. The nonemployee directors have the opportunity to benefit from the appreciation in the company's stock value, as the exercise price is usually set at the market price on the date of grant. This offers them the chance to gain substantial profits if the stock price increases over time. Moreover, these stock options can also provide a long-term financial incentive, encouraging nonemployee directors to align their interests with the shareholders and promote the company's success. The Nassau New York Nonemployee Directors Stock Option Plan may include various types of stock options, such as nonqualified stock options (Nests) or incentive stock options (SOS). The specific type of stock option granted to a nonemployee director depends on the company's guidelines and applicable regulations. Nonqualified stock options (Nests) are the most common type of stock options granted to nonemployee directors. These options offer flexibility in terms of exercise price and timing, allowing directors to maximize their financial gains by choosing the most advantageous time to exercise the options. On the other hand, incentive stock options (SOS) provide potential tax benefits for nonemployee directors. If certain conditions are met, the profits from exercising the SOS may qualify for preferential tax treatment. This type of stock option is subject to specific rules and limitations imposed by the Internal Revenue Service (IRS). Overall, the Nassau New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a valuable program that aims to attract and retain top-tier talent in the boardroom. By offering stock options, the company can align the interests of nonemployee directors with shareholders, fostering a sense of ownership and long-term commitment. This plan serves as a powerful tool to reward the invaluable contributions of these directors and drive the company towards sustainable growth and success.