Fairfax Virginia Long Term Incentive Plan of Sierra Health Services, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Fairfax
• 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 Fairfax Virginia Long Term Incentive Plan of Sierra Health Services, Inc. provides a comprehensive incentive program designed to motivate and reward employees for their long-term commitment and contribution to the company's success. This plan aims to offer attractive benefits to retain top talent and align their interests with the organization's overall goals. Here is an overview of the different types of Long Term Incentive Plans available under Sierra Health Services, Inc.: 1. Stock Options: As part of the Fairfax Virginia Long Term Incentive Plan, Sierra Health Services, Inc. may grant stock options to eligible employees. These options allow employees to purchase company stock at a specified price (exercise price) within a predetermined timeframe. By offering stock options, Sierra Health Services, Inc. encourages employees to work towards increasing the company's value and aligning their efforts with shareholder interests. 2. Restricted Stock Units (RSS): Another feature of the incentive plan is the issuance of Restricted Stock Units. RSS are awarded based on the employee's performance, tenure, or other predetermined criteria. These units represent a grant of company stock that is subject to certain restrictions or vesting requirements. The employees receive the shares after a specific period, encouraging loyalty and long-term commitment. 3. Performance-Based Bonuses: Sierra Health Services, Inc. may also have performance-based bonuses as part of their Long Term Incentive Plan. These bonuses are awarded based on achieving predetermined performance metrics or targets. By linking bonuses to performance, the company motivates employees to excel and contribute significantly to the organization's growth and success. 4. Cash Incentives: In addition to the equity-based incentives, Sierra Health Services, Inc. may also provide cash incentives as part of their long-term plan. These incentives are typically tied to specific milestones, such as achieving sustained revenue growth, expanding into new markets, or successfully completing strategic initiatives. By offering cash incentives, the company recognizes and rewards exceptional performance and motivates employees to strive for outstanding results. By implementing the Fairfax Virginia Long Term Incentive Plan, Sierra Health Services, Inc. comprehensively encourages and rewards employees for their dedication and contribution to the company's long-term success. This multi-faceted plan, comprising stock options, restricted stock units, performance-based bonuses, and cash incentives, helps attract and retain top talent while aligning their interests with the organization's strategic objectives.

Fairfax Virginia Long Term Incentive Plan of Sierra Health Services, Inc. provides a comprehensive incentive program designed to motivate and reward employees for their long-term commitment and contribution to the company's success. This plan aims to offer attractive benefits to retain top talent and align their interests with the organization's overall goals. Here is an overview of the different types of Long Term Incentive Plans available under Sierra Health Services, Inc.: 1. Stock Options: As part of the Fairfax Virginia Long Term Incentive Plan, Sierra Health Services, Inc. may grant stock options to eligible employees. These options allow employees to purchase company stock at a specified price (exercise price) within a predetermined timeframe. By offering stock options, Sierra Health Services, Inc. encourages employees to work towards increasing the company's value and aligning their efforts with shareholder interests. 2. Restricted Stock Units (RSS): Another feature of the incentive plan is the issuance of Restricted Stock Units. RSS are awarded based on the employee's performance, tenure, or other predetermined criteria. These units represent a grant of company stock that is subject to certain restrictions or vesting requirements. The employees receive the shares after a specific period, encouraging loyalty and long-term commitment. 3. Performance-Based Bonuses: Sierra Health Services, Inc. may also have performance-based bonuses as part of their Long Term Incentive Plan. These bonuses are awarded based on achieving predetermined performance metrics or targets. By linking bonuses to performance, the company motivates employees to excel and contribute significantly to the organization's growth and success. 4. Cash Incentives: In addition to the equity-based incentives, Sierra Health Services, Inc. may also provide cash incentives as part of their long-term plan. These incentives are typically tied to specific milestones, such as achieving sustained revenue growth, expanding into new markets, or successfully completing strategic initiatives. By offering cash incentives, the company recognizes and rewards exceptional performance and motivates employees to strive for outstanding results. By implementing the Fairfax Virginia Long Term Incentive Plan, Sierra Health Services, Inc. comprehensively encourages and rewards employees for their dedication and contribution to the company's long-term success. This multi-faceted plan, comprising stock options, restricted stock units, performance-based bonuses, and cash incentives, helps attract and retain top talent while aligning their interests with the organization's strategic objectives.