Harris Texas Long Term Incentive Plan of Sierra Health Services, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Harris
• 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 Harris Texas Long Term Incentive Plan (TIP) of Sierra Health Services, Inc. is a comprehensive reward scheme designed to attract, retain, and motivate talented employees in the company's Harris Texas location. This TIP is specifically tailored to the unique needs and goals of Sierra Health Services in Harris, Texas. Sierra Health Services, Inc. offers various types of long-term incentive plans under the Harris Texas TIP, each with its own distinct features and objectives. These plans aim to align the interests of employees with the long-term success of the company while encouraging high-performance behavior and fostering loyalty. 1. Performance-Based Stock Options: Under this plan, eligible employees are granted stock options based on preset performance goals. These goals typically include financial targets, operational metrics, and other measurable benchmarks. As employees achieve these goals, they earn the right to exercise their options, allowing them to purchase company stock at a predetermined price. 2. Restricted Stock Units (RSS): RSS form another component of the Harris Texas TIP. Eligible employees are given RSS, which represent the right to receive shares of company stock. Unlike stock options, RSS usually have a vesting period, after which employees gain ownership of the granted shares. This incentivizes long-term commitment and aligns the employee's interests with those of the company. 3. Performance Share Units (Plus): The Harris Texas TIP also includes Plus, which are similar to RSS but with performance-based criteria. Employees are granted Plus that convert into company shares upon achieving specific performance targets, such as revenue growth, market expansion, or profitability milestones. Plus reinforce performance-oriented behavior and encourage employees to contribute to the company's long-term success. 4. Cash Bonuses: Apart from equity-based rewards, the TIP may offer cash bonuses as a means to recognize outstanding performance. These bonuses are typically tied to a combination of individual, team, and company performance indicators. Cash incentives motivate employees by providing immediate financial gratification and acknowledging their exceptional contributions. The Harris Texas Long Term Incentive Plan of Sierra Health Services, Inc. is designed to foster employee engagement, retention, and loyalty. By offering a variety of incentives, Sierra Health Services aims to attract and retain top talent while driving long-term growth and shareholder value.

The Harris Texas Long Term Incentive Plan (TIP) of Sierra Health Services, Inc. is a comprehensive reward scheme designed to attract, retain, and motivate talented employees in the company's Harris Texas location. This TIP is specifically tailored to the unique needs and goals of Sierra Health Services in Harris, Texas. Sierra Health Services, Inc. offers various types of long-term incentive plans under the Harris Texas TIP, each with its own distinct features and objectives. These plans aim to align the interests of employees with the long-term success of the company while encouraging high-performance behavior and fostering loyalty. 1. Performance-Based Stock Options: Under this plan, eligible employees are granted stock options based on preset performance goals. These goals typically include financial targets, operational metrics, and other measurable benchmarks. As employees achieve these goals, they earn the right to exercise their options, allowing them to purchase company stock at a predetermined price. 2. Restricted Stock Units (RSS): RSS form another component of the Harris Texas TIP. Eligible employees are given RSS, which represent the right to receive shares of company stock. Unlike stock options, RSS usually have a vesting period, after which employees gain ownership of the granted shares. This incentivizes long-term commitment and aligns the employee's interests with those of the company. 3. Performance Share Units (Plus): The Harris Texas TIP also includes Plus, which are similar to RSS but with performance-based criteria. Employees are granted Plus that convert into company shares upon achieving specific performance targets, such as revenue growth, market expansion, or profitability milestones. Plus reinforce performance-oriented behavior and encourage employees to contribute to the company's long-term success. 4. Cash Bonuses: Apart from equity-based rewards, the TIP may offer cash bonuses as a means to recognize outstanding performance. These bonuses are typically tied to a combination of individual, team, and company performance indicators. Cash incentives motivate employees by providing immediate financial gratification and acknowledging their exceptional contributions. The Harris Texas Long Term Incentive Plan of Sierra Health Services, Inc. is designed to foster employee engagement, retention, and loyalty. By offering a variety of incentives, Sierra Health Services aims to attract and retain top talent while driving long-term growth and shareholder value.