Franklin Ohio Long Term Incentive Plan of Sierra Health Services, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Franklin
• 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 Franklin Ohio Long Term Incentive Plan is a comprehensive rewards program offered by Sierra Health Services, Inc. to its employees in Franklin, Ohio. This plan is designed to incentivize and reward long-term commitment, dedication, and outstanding performance from employees. The primary objective of the Franklin Ohio Long Term Incentive Plan is to motivate employees to remain with the company for an extended period and contribute to its growth and success. By aligning employees' interests with the company's long-term goals, this plan aims to enhance employee retention, engagement, and overall productivity. The plan offers various types of incentives, which include financial rewards, recognition, and career advancement opportunities. These incentives are designed to cater to the diverse needs and aspirations of employees, fostering a work environment that values and promotes personal growth and development. Additionally, the plan may consist of the following types of incentives: 1. Performance-based rewards: This category recognizes employees who consistently meet or exceed performance expectations. These rewards may include performance bonuses, stock options, profit-sharing, or other financial incentives. 2. Long-term career progression: Sierra Health Services, Inc. may provide employees with opportunities for career advancement, such as promotions, additional responsibilities, or specialized training. These advancements serve as incentives for employees to stay with the company and grow professionally. 3. Bonuses and special recognition: In addition to financial rewards, Sierra Health Services, Inc. may offer periodic bonuses and special recognition to employees who have contributed significantly to the company's success. These can take the form of spot bonuses, special acknowledgments, certificates, or public appreciation. 4. Retirement benefits: The Franklin Ohio Long Term Incentive Plan may offer retirement benefits to employees who have dedicated a significant portion of their careers to Sierra Health Services, Inc. These benefits can include pension plans, 401(k) contributions, or other retirement savings options. 5. Employee stock ownership: Sierra Health Services, Inc. may encourage long-term employee commitment by providing stock ownership or stock option plans. This enables employees to share in the company's financial success and aligns their interests with the organization's growth. The Franklin Ohio Long Term Incentive Plan of Sierra Health Services, Inc. demonstrates the company's commitment to recognizing and rewarding employees' contributions, fostering a positive work environment, and ensuring long-term success for the organization.

The Franklin Ohio Long Term Incentive Plan is a comprehensive rewards program offered by Sierra Health Services, Inc. to its employees in Franklin, Ohio. This plan is designed to incentivize and reward long-term commitment, dedication, and outstanding performance from employees. The primary objective of the Franklin Ohio Long Term Incentive Plan is to motivate employees to remain with the company for an extended period and contribute to its growth and success. By aligning employees' interests with the company's long-term goals, this plan aims to enhance employee retention, engagement, and overall productivity. The plan offers various types of incentives, which include financial rewards, recognition, and career advancement opportunities. These incentives are designed to cater to the diverse needs and aspirations of employees, fostering a work environment that values and promotes personal growth and development. Additionally, the plan may consist of the following types of incentives: 1. Performance-based rewards: This category recognizes employees who consistently meet or exceed performance expectations. These rewards may include performance bonuses, stock options, profit-sharing, or other financial incentives. 2. Long-term career progression: Sierra Health Services, Inc. may provide employees with opportunities for career advancement, such as promotions, additional responsibilities, or specialized training. These advancements serve as incentives for employees to stay with the company and grow professionally. 3. Bonuses and special recognition: In addition to financial rewards, Sierra Health Services, Inc. may offer periodic bonuses and special recognition to employees who have contributed significantly to the company's success. These can take the form of spot bonuses, special acknowledgments, certificates, or public appreciation. 4. Retirement benefits: The Franklin Ohio Long Term Incentive Plan may offer retirement benefits to employees who have dedicated a significant portion of their careers to Sierra Health Services, Inc. These benefits can include pension plans, 401(k) contributions, or other retirement savings options. 5. Employee stock ownership: Sierra Health Services, Inc. may encourage long-term employee commitment by providing stock ownership or stock option plans. This enables employees to share in the company's financial success and aligns their interests with the organization's growth. The Franklin Ohio Long Term Incentive Plan of Sierra Health Services, Inc. demonstrates the company's commitment to recognizing and rewarding employees' contributions, fostering a positive work environment, and ensuring long-term success for the organization.