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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Travis
• 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 Travis Texas Nonemployee Directors Stock Option Plan is an employee compensation program offered by National Surgery Centers, Inc. It provides an opportunity for nonemployee directors to acquire company stock options as part of their compensation package. This plan is specifically tailored for directors of the company who do not serve as employees but play a crucial role in guiding the company's strategic decisions. The Travis Texas Nonemployee Directors Stock Option Plan allows nonemployee directors to purchase a predetermined number of company shares at a specified price known as the exercise price. These stock options are typically granted as an incentive to attract and retain talented directors. By offering stock options, National Surgery Centers, Inc. aims to align the interests of nonemployee directors with the company's long-term performance and success. Through this plan, nonemployee directors can gain ownership in National Surgery Centers, Inc. without being classified as employees. As a result, they can actively participate in the company's growth and benefit from its financial success. There are different types of Travis Texas Nonemployee Directors Stock Option Plans available under National Surgery Centers, Inc. These include: 1. Restricted Stock Options: Nonemployee directors receive a predetermined number of stock options that vest over a specified period. The directors must fulfill certain criteria, such as continued board service or achieving specified performance goals, before the options fully vest. 2. Performance-Based Stock Options: Nonemployee directors can earn stock options based on the company's achievement of predetermined performance targets. These targets may include financial goals, market share growth, or other key performance indicators. Once the targets are met, the directors become eligible to exercise their stock options. 3. Deferred Stock Options: Instead of receiving stock options immediately, nonemployee directors may opt for deferred stock options. These options allow directors to accumulate a specified number of stock units over time, which can be converted into company shares at a later date. Deferred stock options provide flexibility in terms of when the options are exercised, allowing directors to potentially benefit from a future increase in the company's stock price. Overall, the Travis Texas Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. serves as an attractive incentive program for nonemployee directors, providing them an opportunity to share in the company's success and aligning their interests with the shareholders.

Travis Texas Nonemployee Directors Stock Option Plan is an employee compensation program offered by National Surgery Centers, Inc. It provides an opportunity for nonemployee directors to acquire company stock options as part of their compensation package. This plan is specifically tailored for directors of the company who do not serve as employees but play a crucial role in guiding the company's strategic decisions. The Travis Texas Nonemployee Directors Stock Option Plan allows nonemployee directors to purchase a predetermined number of company shares at a specified price known as the exercise price. These stock options are typically granted as an incentive to attract and retain talented directors. By offering stock options, National Surgery Centers, Inc. aims to align the interests of nonemployee directors with the company's long-term performance and success. Through this plan, nonemployee directors can gain ownership in National Surgery Centers, Inc. without being classified as employees. As a result, they can actively participate in the company's growth and benefit from its financial success. There are different types of Travis Texas Nonemployee Directors Stock Option Plans available under National Surgery Centers, Inc. These include: 1. Restricted Stock Options: Nonemployee directors receive a predetermined number of stock options that vest over a specified period. The directors must fulfill certain criteria, such as continued board service or achieving specified performance goals, before the options fully vest. 2. Performance-Based Stock Options: Nonemployee directors can earn stock options based on the company's achievement of predetermined performance targets. These targets may include financial goals, market share growth, or other key performance indicators. Once the targets are met, the directors become eligible to exercise their stock options. 3. Deferred Stock Options: Instead of receiving stock options immediately, nonemployee directors may opt for deferred stock options. These options allow directors to accumulate a specified number of stock units over time, which can be converted into company shares at a later date. Deferred stock options provide flexibility in terms of when the options are exercised, allowing directors to potentially benefit from a future increase in the company's stock price. Overall, the Travis Texas Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. serves as an attractive incentive program for nonemployee directors, providing them an opportunity to share in the company's success and aligning their interests with the shareholders.