Montgomery Maryland Long Term Incentive Plan of Sierra Health Services, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Montgomery
• 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 Montgomery Maryland Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive program designed to motivate and reward employees for their long-term commitment and performance. This plan is specifically tailored to employees based in Montgomery County, Maryland and falls under the Sierra Health Services, Inc. organization. The Montgomery Maryland Long Term Incentive Plan offers a variety of incentives to eligible employees. These incentives are structured to encourage employees to remain with the company for an extended period, thereby fostering stability, loyalty, and productivity within the workforce. One type of incentive provided under this plan is the stock option grant. Eligible employees may receive stock options that allow them to purchase company shares at a predetermined price within a specified time frame. This serves as both a retention and performance-based incentive, as employees will be motivated to increase the company's stock value through their efforts. Another type of incentive is the performance-based cash bonus. The plan sets specific performance targets for employees, and if they successfully meet or exceed these targets, they are eligible to receive a monetary bonus. This bonus acts as an additional reward for exceptional individual or team performance, giving employees the opportunity to further benefit from their hard work and dedication. In addition to stock options and performance-based bonuses, the Montgomery Maryland Long Term Incentive Plan may also include other forms of compensation, such as restricted stock units. These units represent a promise to provide employees with company stock at a future date, often vesting over a predetermined period. By offering restricted stock units, Sierra Health Services, Inc. aims to align the interests of employees with the long-term success and growth of the organization. Overall, the Montgomery Maryland Long Term Incentive Plan of Sierra Health Services, Inc. serves as a valuable tool for attracting, retaining, and motivating employees within the Montgomery County area. By rewarding employees based on their long-term commitment and exceptional performance, this plan helps foster a positive work environment and contributes to the overall success of the organization.