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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Phoenix
• 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 Phoenix Arizona Nonemployee Directors Stock Option Plan is a key financial incentive program offered by National Surgery Centers, Inc. to attract and reward non-employee directors for their valuable contributions to the company's growth and success. This plan grants eligible directors the opportunity to purchase company stock at a predetermined price within specified timeframes, allowing them to benefit from any potential increase in the stock's value over time. Under the Phoenix Arizona Nonemployee Directors Stock Option Plan, non-employee directors play a crucial role in the governance and strategic decision-making processes of National Surgery Centers, Inc. They bring expertise, diverse perspectives, and independent judgement to the board, enhancing corporate governance and safeguarding shareholder interests. The plan encourages eligible nonemployee directors to align their interests with those of the company's shareholders by providing them with the option to acquire company stock through stock grants or stock options. These grants or options are typically awarded as part of their overall compensation package. Benefits of participating in the Phoenix Arizona Nonemployee Directors Stock Option Plan include the potential for significant financial gain if the company's stock value appreciates over time. This aligns directors' interests with shareholders and serves as a powerful tool to attract and retain top industry talent on the company's board. The Phoenix Arizona Nonemployee Directors Stock Option Plan may include different types or variations of options, such as incentive stock options (SOS) or non-qualified stock options (Nests). These options may have varying terms and conditions, vesting schedules, and exercise prices, all of which govern how and when directors can exercise their stock options. Overall, the Phoenix Arizona Nonemployee Directors Stock Option Plan exemplifies National Surgery Centers, Inc.'s commitment to fostering a strong corporate governance framework and providing a rewarding compensation program for its non-employee directors. This plan not only incentivizes directors to contribute their expertise but also aligns their interests with the long-term success of the company and its shareholders.

The Phoenix Arizona Nonemployee Directors Stock Option Plan is a key financial incentive program offered by National Surgery Centers, Inc. to attract and reward non-employee directors for their valuable contributions to the company's growth and success. This plan grants eligible directors the opportunity to purchase company stock at a predetermined price within specified timeframes, allowing them to benefit from any potential increase in the stock's value over time. Under the Phoenix Arizona Nonemployee Directors Stock Option Plan, non-employee directors play a crucial role in the governance and strategic decision-making processes of National Surgery Centers, Inc. They bring expertise, diverse perspectives, and independent judgement to the board, enhancing corporate governance and safeguarding shareholder interests. The plan encourages eligible nonemployee directors to align their interests with those of the company's shareholders by providing them with the option to acquire company stock through stock grants or stock options. These grants or options are typically awarded as part of their overall compensation package. Benefits of participating in the Phoenix Arizona Nonemployee Directors Stock Option Plan include the potential for significant financial gain if the company's stock value appreciates over time. This aligns directors' interests with shareholders and serves as a powerful tool to attract and retain top industry talent on the company's board. The Phoenix Arizona Nonemployee Directors Stock Option Plan may include different types or variations of options, such as incentive stock options (SOS) or non-qualified stock options (Nests). These options may have varying terms and conditions, vesting schedules, and exercise prices, all of which govern how and when directors can exercise their stock options. Overall, the Phoenix Arizona Nonemployee Directors Stock Option Plan exemplifies National Surgery Centers, Inc.'s commitment to fostering a strong corporate governance framework and providing a rewarding compensation program for its non-employee directors. This plan not only incentivizes directors to contribute their expertise but also aligns their interests with the long-term success of the company and its shareholders.