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.