Chicago Illinois Long Term Incentive Plan of Sierra Health Services, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• City: Chicago
• Control #: US-CC-18-289B
• Format: Word; Rich Text

Description

18-289B 18-289B . . . Long-Term Incentive Plan under which Compensation Committee can grant incentive stock options, (b) Non-qualified Stock Options, (c) reload options (which entitle optionee, upon exercise of a stock option through delivery of previously owned shares, to automatically be granted, on date of such exercise, a new stock option (i) for a number of shares of common stock not exceeding number of shares delivered in payment of option price of original option, (ii) having an option price not less than fair market value of common stock on date of grant of reload option, (iii) having an expiration date not later than expiration date of original option, and (iv) otherwise having terms permissible for an original grant of a stock option under Plan), (d) stock appreciation rights, (e) Restricted Stock, (f) Deferred Stock, (g) Bonus Stock, (h) awards in lieu of cash obligations, and (i) other Stock-based awards, all of which may, in discretion of committee, be granted either alone or in addition to, in tandem with, or in substitution for, any other award granted under the Plan or any award granted under any other Plan The Chicago Illinois Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive employee compensation program designed to provide long-term benefits and incentives to attract, retain, and reward talented individuals within the organization. It aims to align the interests of employees with those of the company and promote a long-lasting commitment to the company's success. Keywords: Chicago Illinois, Long Term Incentive Plan, Sierra Health Services, Inc., comprehensive employee compensation program, long-term benefits, incentives, attract, retain, reward, talented individuals, organization, align interests, commitment, success. The Chicago Illinois Long Term Incentive Plan offers various types of incentives to employees based on their performance, length of tenure, and contributions to the company's growth. These types may include: 1. Performance-based incentives: These incentives are tied directly to an employee's individual or team performance goals and achievements. They motivate employees to strive for excellence and reach specific targets, which in turn positively impact the company's overall performance. 2. Equity-based incentives: Equity-based incentives often include stock options, restricted stock units (RSS), or other forms of company ownership. These grants give employees an opportunity to become shareholders and benefit from the company's success in the long run. 3. Retention incentives: To encourage employee retention, the plan may include incentives designed to keep employees engaged and committed to the company over an extended period. These incentives typically vary based on an employee's years of service, aiming to provide loyalty bonuses or other rewards as an acknowledgment of their long-term dedication. 4. Performance share units: Performance share units (Plus) are another type of incentive offered under the long-term plan. Plus are granted to employees based on predetermined performance criteria and vest over an extended period. The value of these units increases if the performance targets are achieved, aligning the employees' and the company's interests. 5. Deferred compensation: The plan may also include deferred compensation options, allowing employees to defer a portion of their compensation to a future date. This can serve as a valuable tool for long-term financial planning and provide an additional incentive for employees to remain with the company. Overall, the Chicago Illinois Long Term Incentive Plan of Sierra Health Services, Inc. represents a comprehensive and multi-faceted approach to rewarding and retaining talented employees. By offering a variety of incentives tailored to individual and company performance, tenure, and goals, the plan aims to create a mutually beneficial environment where employees are motivated to contribute to the company's growth and success in the long run.

The Chicago Illinois Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive employee compensation program designed to provide long-term benefits and incentives to attract, retain, and reward talented individuals within the organization. It aims to align the interests of employees with those of the company and promote a long-lasting commitment to the company's success. Keywords: Chicago Illinois, Long Term Incentive Plan, Sierra Health Services, Inc., comprehensive employee compensation program, long-term benefits, incentives, attract, retain, reward, talented individuals, organization, align interests, commitment, success. The Chicago Illinois Long Term Incentive Plan offers various types of incentives to employees based on their performance, length of tenure, and contributions to the company's growth. These types may include: 1. Performance-based incentives: These incentives are tied directly to an employee's individual or team performance goals and achievements. They motivate employees to strive for excellence and reach specific targets, which in turn positively impact the company's overall performance. 2. Equity-based incentives: Equity-based incentives often include stock options, restricted stock units (RSS), or other forms of company ownership. These grants give employees an opportunity to become shareholders and benefit from the company's success in the long run. 3. Retention incentives: To encourage employee retention, the plan may include incentives designed to keep employees engaged and committed to the company over an extended period. These incentives typically vary based on an employee's years of service, aiming to provide loyalty bonuses or other rewards as an acknowledgment of their long-term dedication. 4. Performance share units: Performance share units (Plus) are another type of incentive offered under the long-term plan. Plus are granted to employees based on predetermined performance criteria and vest over an extended period. The value of these units increases if the performance targets are achieved, aligning the employees' and the company's interests. 5. Deferred compensation: The plan may also include deferred compensation options, allowing employees to defer a portion of their compensation to a future date. This can serve as a valuable tool for long-term financial planning and provide an additional incentive for employees to remain with the company. Overall, the Chicago Illinois Long Term Incentive Plan of Sierra Health Services, Inc. represents a comprehensive and multi-faceted approach to rewarding and retaining talented employees. By offering a variety of incentives tailored to individual and company performance, tenure, and goals, the plan aims to create a mutually beneficial environment where employees are motivated to contribute to the company's growth and success in the long run.