Mecklenburg North Carolina Long Term Incentive Plan of Sierra Health Services, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Mecklenburg
• 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 Sierra Health Services, Inc., a leading healthcare provider in Mecklenburg County, North Carolina, offers a comprehensive Long-Term Incentive Plan aimed at attracting and retaining top talent while fostering employee motivation and engagement. This plan is designed to reward employees for their long-term commitment to the organization's objectives and financial success. One of the key components of the Mecklenburg North Carolina Long-Term Incentive Plan is the equity-based compensation structure. Through stock options, restricted stock units (RSS), or performance shares, employees have the opportunity to become shareholders and benefit from the company's growth and profitability over time. This not only aligns their interests with those of the organization but also provides a potential avenue for substantial financial gain. Another facet of this plan is the performance-based cash incentive program. By setting specific performance targets and metrics, Sierra Health Services, Inc. incentivizes employees to achieve individual and organizational goals. These incentives can include cash bonuses, profit-sharing, or other monetary rewards based on the overall success of the company and individual performance assessments. The plan encourages a high-performance culture and rewards exceptional contributions that drive the company's long-term growth and sustainability. Sierra Health Services, Inc. recognizes that employee retention is essential for organizational continuity and success. Therefore, the Mecklenburg North Carolina Long-Term Incentive Plan also features longevity bonuses. These bonuses are granted to employees who remain with the company for a specified period, ensuring long-term commitment and fostering a sense of loyalty among staff members. To cater to the diverse needs and preferences of its workforce, Sierra Health Services, Inc. offers different tiers or levels within the Long-Term Incentive Plan. Employees may have access to various types of incentives and rewards based on their job roles, seniority, performance levels, or participation in specific programs or projects. This tiered approach allows the organization to tailor the plan to meet employees' individual circumstances and aspirations. In summary, the Mecklenburg North Carolina Long-Term Incentive Plan of Sierra Health Services, Inc. combines equity-based compensation, performance-based cash incentives, longevity bonuses, and customizable tiers to provide a comprehensive and tailored approach to rewarding, retaining, and motivating employees. By aligning their financial interests with the organization's success, employees are encouraged to contribute their best efforts, driving Sierra Health Services, Inc.'s overall performance and growth.

Sierra Health Services, Inc., a leading healthcare provider in Mecklenburg County, North Carolina, offers a comprehensive Long-Term Incentive Plan aimed at attracting and retaining top talent while fostering employee motivation and engagement. This plan is designed to reward employees for their long-term commitment to the organization's objectives and financial success. One of the key components of the Mecklenburg North Carolina Long-Term Incentive Plan is the equity-based compensation structure. Through stock options, restricted stock units (RSS), or performance shares, employees have the opportunity to become shareholders and benefit from the company's growth and profitability over time. This not only aligns their interests with those of the organization but also provides a potential avenue for substantial financial gain. Another facet of this plan is the performance-based cash incentive program. By setting specific performance targets and metrics, Sierra Health Services, Inc. incentivizes employees to achieve individual and organizational goals. These incentives can include cash bonuses, profit-sharing, or other monetary rewards based on the overall success of the company and individual performance assessments. The plan encourages a high-performance culture and rewards exceptional contributions that drive the company's long-term growth and sustainability. Sierra Health Services, Inc. recognizes that employee retention is essential for organizational continuity and success. Therefore, the Mecklenburg North Carolina Long-Term Incentive Plan also features longevity bonuses. These bonuses are granted to employees who remain with the company for a specified period, ensuring long-term commitment and fostering a sense of loyalty among staff members. To cater to the diverse needs and preferences of its workforce, Sierra Health Services, Inc. offers different tiers or levels within the Long-Term Incentive Plan. Employees may have access to various types of incentives and rewards based on their job roles, seniority, performance levels, or participation in specific programs or projects. This tiered approach allows the organization to tailor the plan to meet employees' individual circumstances and aspirations. In summary, the Mecklenburg North Carolina Long-Term Incentive Plan of Sierra Health Services, Inc. combines equity-based compensation, performance-based cash incentives, longevity bonuses, and customizable tiers to provide a comprehensive and tailored approach to rewarding, retaining, and motivating employees. By aligning their financial interests with the organization's success, employees are encouraged to contribute their best efforts, driving Sierra Health Services, Inc.'s overall performance and growth.