San Antonio Texas Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: San Antonio
• 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 San Antonio, Texas is home to the National Surgery Centers, Inc., a company that offers a Nonemployee Directors Stock Option Plan. This plan is specially designed for nonemployee directors of the organization, providing them with the opportunity to acquire stock options as part of their compensation package. The San Antonio Texas Nonemployee Directors Stock Option Plan aims to incentivize and reward nonemployee directors for their valuable contributions to the company's growth and success. Under this plan, eligible nonemployee directors are granted stock options, which give them the right to purchase company stock at a predetermined price within a specified period. By offering stock options, National Surgery Centers, Inc. aligns the interests of its nonemployee directors with those of the company and its shareholders, fostering a sense of ownership and commitment. The San Antonio Texas Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. provides various types of stock options that nonemployee directors can choose from, depending on their preferences and financial goals. These options may include: 1. Nonqualified Stock Options (Nests): Nonqualified stock options offer flexibility in terms of exercise price and timing. Nonemployee directors have the freedom to exercise these options at any time, subject to certain restrictions and vesting schedules. 2. Incentive Stock Options (SOS): Incentive stock options provide certain tax advantages to nonemployee directors. However, they come with stricter requirements and limitations compared to nonqualified stock options. Nonemployee directors must meet specific holding periods and other qualifying criteria to enjoy the tax benefits associated with SOS. 3. Restricted Stock Units (RSS): While not technically an option, restricted stock units can be a part of the San Antonio Texas Nonemployee Directors Stock Option Plan. RSS is a form of equity compensation where nonemployee directors receive units that represent future company shares. These units vest over time, usually based on continued service or performance milestones. 4. Performance Stock Options: National Surgery Centers, Inc. may offer performance stock options to nonemployee directors under their stock option plan. These options are tied to the achievement of specific predetermined performance goals, such as revenue targets or stock price milestones. The attainment of these targets then triggers the vesting and exercise of the stock options. It is important for nonemployee directors to carefully review the terms and conditions of the San Antonio Texas Nonemployee Directors Stock Option Plan, as each type of option may have different rules and considerations. By participating in this plan, nonemployee directors of National Surgery Centers, Inc. can benefit from potential stock appreciation and actively contribute to the company's long-term growth and shareholder value.

San Antonio, Texas is home to the National Surgery Centers, Inc., a company that offers a Nonemployee Directors Stock Option Plan. This plan is specially designed for nonemployee directors of the organization, providing them with the opportunity to acquire stock options as part of their compensation package. The San Antonio Texas Nonemployee Directors Stock Option Plan aims to incentivize and reward nonemployee directors for their valuable contributions to the company's growth and success. Under this plan, eligible nonemployee directors are granted stock options, which give them the right to purchase company stock at a predetermined price within a specified period. By offering stock options, National Surgery Centers, Inc. aligns the interests of its nonemployee directors with those of the company and its shareholders, fostering a sense of ownership and commitment. The San Antonio Texas Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. provides various types of stock options that nonemployee directors can choose from, depending on their preferences and financial goals. These options may include: 1. Nonqualified Stock Options (Nests): Nonqualified stock options offer flexibility in terms of exercise price and timing. Nonemployee directors have the freedom to exercise these options at any time, subject to certain restrictions and vesting schedules. 2. Incentive Stock Options (SOS): Incentive stock options provide certain tax advantages to nonemployee directors. However, they come with stricter requirements and limitations compared to nonqualified stock options. Nonemployee directors must meet specific holding periods and other qualifying criteria to enjoy the tax benefits associated with SOS. 3. Restricted Stock Units (RSS): While not technically an option, restricted stock units can be a part of the San Antonio Texas Nonemployee Directors Stock Option Plan. RSS is a form of equity compensation where nonemployee directors receive units that represent future company shares. These units vest over time, usually based on continued service or performance milestones. 4. Performance Stock Options: National Surgery Centers, Inc. may offer performance stock options to nonemployee directors under their stock option plan. These options are tied to the achievement of specific predetermined performance goals, such as revenue targets or stock price milestones. The attainment of these targets then triggers the vesting and exercise of the stock options. It is important for nonemployee directors to carefully review the terms and conditions of the San Antonio Texas Nonemployee Directors Stock Option Plan, as each type of option may have different rules and considerations. By participating in this plan, nonemployee directors of National Surgery Centers, Inc. can benefit from potential stock appreciation and actively contribute to the company's long-term growth and shareholder value.