Suffolk New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Suffolk
• 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 Suffolk New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive compensation program that provides stock options to nonemployee directors of the company who contribute their expertise and guidance to the organization. This plan aims to incentivize and reward these directors for their valuable contributions, aligning their interests with the success of the company. Under this plan, nonemployee directors of National Surgery Centers, Inc. are granted stock options at a predetermined exercise price. These options give them the right to purchase a specific number of company shares at a fixed price within a defined time period. This provides an opportunity for nonemployee directors to benefit from the company's growth and enhances their overall compensation package. The Suffolk New York Nonemployee Directors Stock Option Plan serves as a means to attract and retain highly qualified individuals to serve on the company's board of directors. By offering stock options, National Surgery Centers, Inc. provides an additional incentive for these directors to actively participate in critical decision-making processes that can positively impact the organization's performance and value. This plan helps align the interests of nonemployee directors with those of shareholders and promotes the long-term success of National Surgery Centers, Inc. As stock options often have vesting periods, it encourages nonemployee directors to maintain a continued involvement with the company to fully capitalize on their options. Different types of Suffolk New York Nonemployee Directors Stock Option Plans may include variations in the vesting schedules, exercise price determination methods, and the number of stock options granted. These variations depend on the specific terms outlined in each plan and are typically designed to cater to the unique needs and goals of National Surgery Centers, Inc. and its nonemployee directors. Overall, the Suffolk New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a vital component of the company's compensation strategy, creating a win-win situation for nonemployee directors and the organization, bolstering their commitment, and driving long-term success.

The Suffolk New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive compensation program that provides stock options to nonemployee directors of the company who contribute their expertise and guidance to the organization. This plan aims to incentivize and reward these directors for their valuable contributions, aligning their interests with the success of the company. Under this plan, nonemployee directors of National Surgery Centers, Inc. are granted stock options at a predetermined exercise price. These options give them the right to purchase a specific number of company shares at a fixed price within a defined time period. This provides an opportunity for nonemployee directors to benefit from the company's growth and enhances their overall compensation package. The Suffolk New York Nonemployee Directors Stock Option Plan serves as a means to attract and retain highly qualified individuals to serve on the company's board of directors. By offering stock options, National Surgery Centers, Inc. provides an additional incentive for these directors to actively participate in critical decision-making processes that can positively impact the organization's performance and value. This plan helps align the interests of nonemployee directors with those of shareholders and promotes the long-term success of National Surgery Centers, Inc. As stock options often have vesting periods, it encourages nonemployee directors to maintain a continued involvement with the company to fully capitalize on their options. Different types of Suffolk New York Nonemployee Directors Stock Option Plans may include variations in the vesting schedules, exercise price determination methods, and the number of stock options granted. These variations depend on the specific terms outlined in each plan and are typically designed to cater to the unique needs and goals of National Surgery Centers, Inc. and its nonemployee directors. Overall, the Suffolk New York Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a vital component of the company's compensation strategy, creating a win-win situation for nonemployee directors and the organization, bolstering their commitment, and driving long-term success.