Wake North Carolina Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Wake
• 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 Wake North Carolina Nonemployee Directors Stock Option Plan is an integral part of National Surgery Centers, Inc.'s compensation package specifically designed for nonemployee directors based in Wake, North Carolina. This plan grants eligible directors the opportunity to purchase stock options within the company, providing them with a unique form of long-term incentive and aligning their interests with the organization's overall success. Under this stock option plan, nonemployee directors of National Surgery Centers, Inc. based in Wake, North Carolina, have the chance to purchase company stock at a predetermined price, typically referred to as the exercise price. The plan typically outlines the number of stock options that can be granted to each director, subject to certain conditions and limitations specific to their role in the organization. The Wake North Carolina Nonemployee Directors Stock Option Plan provides several key benefits. Firstly, it serves as a performance-based incentive for nonemployee directors, motivating them to contribute their expertise and actively participate in the company's growth. Secondly, by granting directors the right to purchase stock options, it aligns their interests with the shareholders and stakeholders, fostering a sense of ownership and commitment towards National Surgery Centers, Inc.'s long-term goals. Additionally, the Wake North Carolina Nonemployee Directors Stock Option Plan enhances director retention and recruitment efforts by offering competitive compensation packages that extend beyond standard director fees. These stock options can provide nonemployee directors with an opportunity to benefit from the company's success and increase their personal financial well-being. It is essential to note that there may be different types or variations of the Wake North Carolina Nonemployee Directors Stock Option Plan within National Surgery Centers, Inc. For example, there may be different tiers or levels of stock options available based on factors such as the director's tenure, expertise, or committee assignments. The plan might also outline specific vesting schedules, dictating when directors can exercise their options and purchase company stock. In conclusion, the Wake North Carolina Nonemployee Directors Stock Option Plan is a valuable component of National Surgery Centers, Inc.'s compensation package for nonemployee directors based in Wake, North Carolina. By offering stock options, this plan incentivizes directors, aligns their interests with the company's success, and contributes to their long-term financial well-being.

The Wake North Carolina Nonemployee Directors Stock Option Plan is an integral part of National Surgery Centers, Inc.'s compensation package specifically designed for nonemployee directors based in Wake, North Carolina. This plan grants eligible directors the opportunity to purchase stock options within the company, providing them with a unique form of long-term incentive and aligning their interests with the organization's overall success. Under this stock option plan, nonemployee directors of National Surgery Centers, Inc. based in Wake, North Carolina, have the chance to purchase company stock at a predetermined price, typically referred to as the exercise price. The plan typically outlines the number of stock options that can be granted to each director, subject to certain conditions and limitations specific to their role in the organization. The Wake North Carolina Nonemployee Directors Stock Option Plan provides several key benefits. Firstly, it serves as a performance-based incentive for nonemployee directors, motivating them to contribute their expertise and actively participate in the company's growth. Secondly, by granting directors the right to purchase stock options, it aligns their interests with the shareholders and stakeholders, fostering a sense of ownership and commitment towards National Surgery Centers, Inc.'s long-term goals. Additionally, the Wake North Carolina Nonemployee Directors Stock Option Plan enhances director retention and recruitment efforts by offering competitive compensation packages that extend beyond standard director fees. These stock options can provide nonemployee directors with an opportunity to benefit from the company's success and increase their personal financial well-being. It is essential to note that there may be different types or variations of the Wake North Carolina Nonemployee Directors Stock Option Plan within National Surgery Centers, Inc. For example, there may be different tiers or levels of stock options available based on factors such as the director's tenure, expertise, or committee assignments. The plan might also outline specific vesting schedules, dictating when directors can exercise their options and purchase company stock. In conclusion, the Wake North Carolina Nonemployee Directors Stock Option Plan is a valuable component of National Surgery Centers, Inc.'s compensation package for nonemployee directors based in Wake, North Carolina. By offering stock options, this plan incentivizes directors, aligns their interests with the company's success, and contributes to their long-term financial well-being.