Oakland Michigan Long Term Incentive Plan of Sierra Health Services, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Oakland
• 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 Oakland Michigan Long Term Incentive Plan offered by Sierra Health Services, Inc. is a comprehensive employee benefits program designed to reward long-term employees and motivate them to excel in their roles. This plan is specifically created for employees based in Oakland, Michigan, and is tailored to meet their unique needs and circumstances. Sierra Health Services, Inc. recognizes the important contributions of its employees and believes in providing them with attractive incentives to retain their skills and expertise. The Oakland Michigan Long Term Incentive Plan comprises various components and benefits that are tailored to help employees achieve their long-term financial goals, providing them with a strong sense of financial security. One of the key features of this plan includes a robust retirement savings program, enabling employees to invest a portion of their income into a tax-advantaged retirement account. This allows employees to build a substantial nest egg over time, ensuring a comfortable and secure retirement. The incentives under this plan may also include employer-matching contributions, which further boost employees' retirement savings. In addition to retirement benefits, the Oakland Michigan Long Term Incentive Plan can encompass stock options or equity ownership, enabling employees to become stakeholders in Sierra Health Services, Inc. This aligns employees' interests with the company's success and fosters a sense of shared ownership and accountability. Furthermore, Sierra Health Services, Inc. may offer performance-based bonuses as part of the Long Term Incentive Plan. These bonuses are designed to reward employees for their exceptional performance and dedication to the organization. By tying incentives to individual and company-wide performance indicators, Sierra Health Services, Inc. encourages a culture of excellence and continuous improvement amongst its workforce. It is important to note that Sierra Health Services, Inc. may have multiple variations or tiers within the Oakland Michigan Long Term Incentive Plan, tailored for different employee levels or departments. These variations may have specific eligibility criteria, performance metrics, and benefit structures. For example, executives or senior management might have access to additional benefits such as deferred compensation plans or supplemental executive retirement plans. To summarize, the Oakland Michigan Long Term Incentive Plan of Sierra Health Services, Inc. aims to reward and encourage long-term employee commitment and performance. It includes retirement savings options, equity ownership opportunities, and performance-based bonuses. By offering these incentives, Sierra Health Services, Inc. strives to attract, retain, and motivate its valued employees, creating a productive and engaged workforce.

The Oakland Michigan Long Term Incentive Plan offered by Sierra Health Services, Inc. is a comprehensive employee benefits program designed to reward long-term employees and motivate them to excel in their roles. This plan is specifically created for employees based in Oakland, Michigan, and is tailored to meet their unique needs and circumstances. Sierra Health Services, Inc. recognizes the important contributions of its employees and believes in providing them with attractive incentives to retain their skills and expertise. The Oakland Michigan Long Term Incentive Plan comprises various components and benefits that are tailored to help employees achieve their long-term financial goals, providing them with a strong sense of financial security. One of the key features of this plan includes a robust retirement savings program, enabling employees to invest a portion of their income into a tax-advantaged retirement account. This allows employees to build a substantial nest egg over time, ensuring a comfortable and secure retirement. The incentives under this plan may also include employer-matching contributions, which further boost employees' retirement savings. In addition to retirement benefits, the Oakland Michigan Long Term Incentive Plan can encompass stock options or equity ownership, enabling employees to become stakeholders in Sierra Health Services, Inc. This aligns employees' interests with the company's success and fosters a sense of shared ownership and accountability. Furthermore, Sierra Health Services, Inc. may offer performance-based bonuses as part of the Long Term Incentive Plan. These bonuses are designed to reward employees for their exceptional performance and dedication to the organization. By tying incentives to individual and company-wide performance indicators, Sierra Health Services, Inc. encourages a culture of excellence and continuous improvement amongst its workforce. It is important to note that Sierra Health Services, Inc. may have multiple variations or tiers within the Oakland Michigan Long Term Incentive Plan, tailored for different employee levels or departments. These variations may have specific eligibility criteria, performance metrics, and benefit structures. For example, executives or senior management might have access to additional benefits such as deferred compensation plans or supplemental executive retirement plans. To summarize, the Oakland Michigan Long Term Incentive Plan of Sierra Health Services, Inc. aims to reward and encourage long-term employee commitment and performance. It includes retirement savings options, equity ownership opportunities, and performance-based bonuses. By offering these incentives, Sierra Health Services, Inc. strives to attract, retain, and motivate its valued employees, creating a productive and engaged workforce.