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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Tarrant
• 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 Tarrant Texas Nonemployee Directors Stock Option Plan is a compensation program offered by National Surgery Centers, Inc. aimed at incentivizing and rewarding non-employee directors for their contributions towards the company's success. This plan allows these directors to receive stock options as a form of compensation, providing them with the opportunity to purchase company shares at a predetermined price within a specified time frame. National Surgery Centers, Inc. recognizes the significant value that non-employee directors bring to the company through their expertise, guidance, and advisory roles. By offering stock options, the company seeks to align the interests of these directors with the long-term success and growth of the organization. The Tarrant Texas Nonemployee Directors Stock Option Plan includes specific provisions and guidelines that ensure fairness and transparency. It outlines the eligibility criteria for non-employee directors to participate in the program, the number of stock options granted, the exercise price, and the vesting schedule. This plan aims to create a sense of ownership and accountability among directors, motivating them to contribute to the overall profitability and shareholder value of National Surgery Centers, Inc. Types of Tarrant Texas Nonemployee Directors Stock Option Plans may vary, depending on the specific needs and objectives of National Surgery Centers, Inc. For instance, the company may offer different plans based on the director's tenure, experience, or role within the organization. These plans could include varying numbers of stock options, different exercise prices, and unique vesting schedules. By tailoring the options to individual directors, National Surgery Centers, Inc. can effectively recognize and reward directors' contributions while aligning them with the company's strategic goals. In conclusion, the Tarrant Texas Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive compensation program designed to reward non-employee directors for their essential contributions. By offering stock options, the company ensures that directors have a vested interest in the long-term success and growth of the organization. The plan's flexibility allows for various options to cater to the unique needs and circumstances of each director, ultimately fostering a collaborative and mutually beneficial relationship between National Surgery Centers, Inc. and its non-employee directors.

The Tarrant Texas Nonemployee Directors Stock Option Plan is a compensation program offered by National Surgery Centers, Inc. aimed at incentivizing and rewarding non-employee directors for their contributions towards the company's success. This plan allows these directors to receive stock options as a form of compensation, providing them with the opportunity to purchase company shares at a predetermined price within a specified time frame. National Surgery Centers, Inc. recognizes the significant value that non-employee directors bring to the company through their expertise, guidance, and advisory roles. By offering stock options, the company seeks to align the interests of these directors with the long-term success and growth of the organization. The Tarrant Texas Nonemployee Directors Stock Option Plan includes specific provisions and guidelines that ensure fairness and transparency. It outlines the eligibility criteria for non-employee directors to participate in the program, the number of stock options granted, the exercise price, and the vesting schedule. This plan aims to create a sense of ownership and accountability among directors, motivating them to contribute to the overall profitability and shareholder value of National Surgery Centers, Inc. Types of Tarrant Texas Nonemployee Directors Stock Option Plans may vary, depending on the specific needs and objectives of National Surgery Centers, Inc. For instance, the company may offer different plans based on the director's tenure, experience, or role within the organization. These plans could include varying numbers of stock options, different exercise prices, and unique vesting schedules. By tailoring the options to individual directors, National Surgery Centers, Inc. can effectively recognize and reward directors' contributions while aligning them with the company's strategic goals. In conclusion, the Tarrant Texas Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive compensation program designed to reward non-employee directors for their essential contributions. By offering stock options, the company ensures that directors have a vested interest in the long-term success and growth of the organization. The plan's flexibility allows for various options to cater to the unique needs and circumstances of each director, ultimately fostering a collaborative and mutually beneficial relationship between National Surgery Centers, Inc. and its non-employee directors.