Kings New York Long Term Incentive Plan of Sierra Health Services, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Kings
• 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 Kings New York Long Term Incentive Plan offered by Sierra Health Services, Inc. is a comprehensive employee rewards program designed to motivate and retain talented professionals. By incorporating various types of incentives, this plan aims to drive long-term performance and enhance the overall success of the organization. Below, we will examine the different types of incentive plans offered under Kings New York Long Term Incentive Plan: 1. Performance-based Incentive Plan: Sierra Health Services, Inc. understands the significance of recognizing and rewarding exceptional performance. Through this plan, employees have the opportunity to earn bonuses and other monetary rewards based on their individual, team, or company-wide accomplishments. By aligning incentives with performance metrics and goals, this plan encourages employees to achieve outstanding results and contribute to the company's growth. 2. Stock Options: The Kings New York Long Term Incentive Plan also includes stock options as a way of providing employees with an ownership stake in the company. These options give the employees the right to purchase company shares at a predetermined price within a specified period. By tying employees' financial prosperity to the company's performance, Sierra Health Services, Inc. aims to foster loyalty and a shared commitment to long-term success. 3. Restricted Stock Units (RSS): Another enticing feature of the Kings New York Long Term Incentive Plan is the offering of Restricted Stock Units to eligible employees. RSS grant employees the right to receive company shares as compensation. However, these shares are subject to certain vesting conditions, such as the completion of a specific number of years of service or the attainment of predetermined performance targets. This component of the plan provides employees with a sense of ownership and encourages long-term engagement with the organization. 4. Performance Share Units (Plus): Sierra Health Services, Inc. also utilizes Performance Share Units as part of its Kings New York Long Term Incentive Plan. Plus link employee rewards to the company's performance against predetermined performance goals. Based on these goals, employees may be issued shares or cash equivalents, which are typically subject to vesting conditions over a specified period. This element of the plan encourages employees to go above and beyond their regular responsibilities to contribute to the company's success. In summary, the Kings New York Long Term Incentive Plan of Sierra Health Services, Inc. offers multiple types of incentives to motivate and retain employees. From performance-based bonuses to stock options, restricted stock units, and performance share units, this comprehensive plan drives long-term performance, aligns employee interests with company success, and ensures a cohesive and dedicated workforce.

The Kings New York Long Term Incentive Plan offered by Sierra Health Services, Inc. is a comprehensive employee rewards program designed to motivate and retain talented professionals. By incorporating various types of incentives, this plan aims to drive long-term performance and enhance the overall success of the organization. Below, we will examine the different types of incentive plans offered under Kings New York Long Term Incentive Plan: 1. Performance-based Incentive Plan: Sierra Health Services, Inc. understands the significance of recognizing and rewarding exceptional performance. Through this plan, employees have the opportunity to earn bonuses and other monetary rewards based on their individual, team, or company-wide accomplishments. By aligning incentives with performance metrics and goals, this plan encourages employees to achieve outstanding results and contribute to the company's growth. 2. Stock Options: The Kings New York Long Term Incentive Plan also includes stock options as a way of providing employees with an ownership stake in the company. These options give the employees the right to purchase company shares at a predetermined price within a specified period. By tying employees' financial prosperity to the company's performance, Sierra Health Services, Inc. aims to foster loyalty and a shared commitment to long-term success. 3. Restricted Stock Units (RSS): Another enticing feature of the Kings New York Long Term Incentive Plan is the offering of Restricted Stock Units to eligible employees. RSS grant employees the right to receive company shares as compensation. However, these shares are subject to certain vesting conditions, such as the completion of a specific number of years of service or the attainment of predetermined performance targets. This component of the plan provides employees with a sense of ownership and encourages long-term engagement with the organization. 4. Performance Share Units (Plus): Sierra Health Services, Inc. also utilizes Performance Share Units as part of its Kings New York Long Term Incentive Plan. Plus link employee rewards to the company's performance against predetermined performance goals. Based on these goals, employees may be issued shares or cash equivalents, which are typically subject to vesting conditions over a specified period. This element of the plan encourages employees to go above and beyond their regular responsibilities to contribute to the company's success. In summary, the Kings New York Long Term Incentive Plan of Sierra Health Services, Inc. offers multiple types of incentives to motivate and retain employees. From performance-based bonuses to stock options, restricted stock units, and performance share units, this comprehensive plan drives long-term performance, aligns employee interests with company success, and ensures a cohesive and dedicated workforce.