Sacramento California Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Sacramento
• 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 Sacramento California Nonemployee Directors Stock Option Plan is a crucial component of National Surgery Centers, Inc., allowing nonemployee directors to acquire stock options in the company. This plan is specifically designed to attract and retain talented individuals to serve on the Board of Directors while aligning their interests with the company's success. Under the Sacramento California Nonemployee Directors Stock Option Plan, nonemployee directors of National Surgery Centers, Inc. are granted the opportunity to purchase a specified number of company shares at a predetermined price, known as the exercise price. These stock options typically vest over a certain period of time, incentivizing directors to maintain their commitment to the long-term growth and prosperity of the company. Benefits of the Sacramento California Nonemployee Directors Stock Option Plan for nonemployee directors include the potential for financial gain through stock price appreciation and the ability to share in the company's success. By providing directors with a direct stake in the company’s performance, this plan encourages them to actively contribute their expertise, insights, and guidance to drive National Surgery Centers, Inc.'s growth and profitability. The plan encompasses various types of stock options that may be granted to nonemployee directors. These may include Non-Qualified Stock Options (SOS) and Incentive Stock Options (SOS). SOS are typically more flexible and do not qualify for certain favorable tax treatment, while SOS offer potential tax advantages but come with specific criteria set by the Internal Revenue Service (IRS) for eligibility and exercise. The specific types of stock options granted under the Sacramento California Nonemployee Directors Stock Option Plan may be determined by National Surgery Centers, Inc. based on their objectives, governance guidelines, and applicable legal and regulatory requirements. Overall, the Sacramento California Nonemployee Directors Stock Option Plan serves as a vital tool for National Surgery Centers, Inc. to attract, compensate, and retain highly qualified directors who contribute to the strategic decision-making process and actively participate in the company's management, growth, and overall success.

The Sacramento California Nonemployee Directors Stock Option Plan is a crucial component of National Surgery Centers, Inc., allowing nonemployee directors to acquire stock options in the company. This plan is specifically designed to attract and retain talented individuals to serve on the Board of Directors while aligning their interests with the company's success. Under the Sacramento California Nonemployee Directors Stock Option Plan, nonemployee directors of National Surgery Centers, Inc. are granted the opportunity to purchase a specified number of company shares at a predetermined price, known as the exercise price. These stock options typically vest over a certain period of time, incentivizing directors to maintain their commitment to the long-term growth and prosperity of the company. Benefits of the Sacramento California Nonemployee Directors Stock Option Plan for nonemployee directors include the potential for financial gain through stock price appreciation and the ability to share in the company's success. By providing directors with a direct stake in the company’s performance, this plan encourages them to actively contribute their expertise, insights, and guidance to drive National Surgery Centers, Inc.'s growth and profitability. The plan encompasses various types of stock options that may be granted to nonemployee directors. These may include Non-Qualified Stock Options (SOS) and Incentive Stock Options (SOS). SOS are typically more flexible and do not qualify for certain favorable tax treatment, while SOS offer potential tax advantages but come with specific criteria set by the Internal Revenue Service (IRS) for eligibility and exercise. The specific types of stock options granted under the Sacramento California Nonemployee Directors Stock Option Plan may be determined by National Surgery Centers, Inc. based on their objectives, governance guidelines, and applicable legal and regulatory requirements. Overall, the Sacramento California Nonemployee Directors Stock Option Plan serves as a vital tool for National Surgery Centers, Inc. to attract, compensate, and retain highly qualified directors who contribute to the strategic decision-making process and actively participate in the company's management, growth, and overall success.