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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Santa Clara
• 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 Santa Clara California Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive program designed to provide nonemployee directors with equity incentives, specifically in the form of stock options. This plan aims to align the interests of the nonemployee directors with those of the company's shareholders, promoting long-term growth and value creation. By offering stock options, National Surgery Centers, Inc. grants nonemployee directors the right to purchase company shares at a predetermined price, known as the exercise price, during a specified period. This creates an opportunity for the directors to share in the company's success and financial performance. The stock options typically have a vesting period, encouraging the nonemployee directors to remain actively engaged and committed to the company's strategic goals. The Santa Clara California Nonemployee Directors Stock Option Plan demonstrates National Surgery Centers, Inc.'s commitment to attracting and retaining highly experienced and knowledgeable individuals to serve on its board of directors. By including nonemployee directors in the equity ownership structure of the company, National Surgery Centers, Inc. fosters a sense of ownership and encourages the directors to contribute to the company's overall success. It is worth noting that the Santa Clara California Nonemployee Directors Stock Option Plan may have various types or tiers based on specific criteria or qualifications. These tiers could include differentiated stock option grants based on a director's length of service, committee participation, or other value-added contributions. The plan may also define specific terms and conditions associated with stock option grants, such as exercise periods, vesting schedules, and restrictions on transferability. Through the Santa Clara California Nonemployee Directors Stock Option Plan, National Surgery Centers, Inc. aims to cultivate a strong corporate governance structure while providing an attractive compensation package for nonemployee directors. By granting stock options, the company seeks to align the interests of directors with those of shareholders, fostering a commitment to long-term success and value creation.

The Santa Clara California Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive program designed to provide nonemployee directors with equity incentives, specifically in the form of stock options. This plan aims to align the interests of the nonemployee directors with those of the company's shareholders, promoting long-term growth and value creation. By offering stock options, National Surgery Centers, Inc. grants nonemployee directors the right to purchase company shares at a predetermined price, known as the exercise price, during a specified period. This creates an opportunity for the directors to share in the company's success and financial performance. The stock options typically have a vesting period, encouraging the nonemployee directors to remain actively engaged and committed to the company's strategic goals. The Santa Clara California Nonemployee Directors Stock Option Plan demonstrates National Surgery Centers, Inc.'s commitment to attracting and retaining highly experienced and knowledgeable individuals to serve on its board of directors. By including nonemployee directors in the equity ownership structure of the company, National Surgery Centers, Inc. fosters a sense of ownership and encourages the directors to contribute to the company's overall success. It is worth noting that the Santa Clara California Nonemployee Directors Stock Option Plan may have various types or tiers based on specific criteria or qualifications. These tiers could include differentiated stock option grants based on a director's length of service, committee participation, or other value-added contributions. The plan may also define specific terms and conditions associated with stock option grants, such as exercise periods, vesting schedules, and restrictions on transferability. Through the Santa Clara California Nonemployee Directors Stock Option Plan, National Surgery Centers, Inc. aims to cultivate a strong corporate governance structure while providing an attractive compensation package for nonemployee directors. By granting stock options, the company seeks to align the interests of directors with those of shareholders, fostering a commitment to long-term success and value creation.