Salt Lake Utah Long Term Incentive Plan of Sierra Health Services, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Salt Lake
• 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 Salt Lake Utah Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive compensation program designed to reward and motivate long-term employees by providing them with additional benefits and incentives. This plan is specifically tailored for employees working in the Salt Lake City, Utah area. Under this plan, eligible employees of Sierra Health Services, Inc. based in Salt Lake City can earn various long-term incentives, which can include performance-based bonuses, stock options, profit sharing, and retirement benefits. These incentives are put in place to foster loyalty, enhance job satisfaction, and promote employee retention. The Salt Lake Utah Long Term Incentive Plan may consist of different types of incentives depending on the specific requirements and goals of Sierra Health Services, Inc. Some named types of incentives under this plan may include: 1. Performance-Based Bonuses: Employees who consistently meet or exceed performance targets and contribute significantly to the company's success are eligible for performance-based bonuses. These bonuses can be tied to individual, team, or company-wide goals and achievements. 2. Stock Options: As part of the long-term incentive plan, employees may have the opportunity to acquire company stock options. This allows them to purchase company shares at a predetermined price, giving them a stake in the company's success and potential for future financial gain. 3. Profit Sharing: Under this incentive type, eligible employees receive a percentage of the company's profits based on predetermined factors such as overall company performance or team-specific achievements. This encourages employees to work collectively towards the financial success of Sierra Health Services, Inc. 4. Retirement Benefits: The long-term incentive plan may also include retirement benefits aimed at securing the future financial stability of employees. These benefits can include company contributions to 401(k) plans, pension plans, or other retirement savings vehicles. 5. Additional Perks: In addition to the named incentives, Sierra Health Services, Inc. may offer additional perks as part of the Salt Lake Utah Long Term Incentive Plan. These can include flexible working hours, paid time off, professional development opportunities, healthcare benefits, and more, contributing to overall employee satisfaction and well-being. Overall, the Salt Lake Utah Long Term Incentive Plan of Sierra Health Services, Inc. is designed to recognize and reward the dedication, performance, and loyalty of employees based in Salt Lake City. By offering a comprehensive range of incentives, Sierra Health Services, Inc. aims to attract and retain top talent while ensuring the long-term success of the company.

The Salt Lake Utah Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive compensation program designed to reward and motivate long-term employees by providing them with additional benefits and incentives. This plan is specifically tailored for employees working in the Salt Lake City, Utah area. Under this plan, eligible employees of Sierra Health Services, Inc. based in Salt Lake City can earn various long-term incentives, which can include performance-based bonuses, stock options, profit sharing, and retirement benefits. These incentives are put in place to foster loyalty, enhance job satisfaction, and promote employee retention. The Salt Lake Utah Long Term Incentive Plan may consist of different types of incentives depending on the specific requirements and goals of Sierra Health Services, Inc. Some named types of incentives under this plan may include: 1. Performance-Based Bonuses: Employees who consistently meet or exceed performance targets and contribute significantly to the company's success are eligible for performance-based bonuses. These bonuses can be tied to individual, team, or company-wide goals and achievements. 2. Stock Options: As part of the long-term incentive plan, employees may have the opportunity to acquire company stock options. This allows them to purchase company shares at a predetermined price, giving them a stake in the company's success and potential for future financial gain. 3. Profit Sharing: Under this incentive type, eligible employees receive a percentage of the company's profits based on predetermined factors such as overall company performance or team-specific achievements. This encourages employees to work collectively towards the financial success of Sierra Health Services, Inc. 4. Retirement Benefits: The long-term incentive plan may also include retirement benefits aimed at securing the future financial stability of employees. These benefits can include company contributions to 401(k) plans, pension plans, or other retirement savings vehicles. 5. Additional Perks: In addition to the named incentives, Sierra Health Services, Inc. may offer additional perks as part of the Salt Lake Utah Long Term Incentive Plan. These can include flexible working hours, paid time off, professional development opportunities, healthcare benefits, and more, contributing to overall employee satisfaction and well-being. Overall, the Salt Lake Utah Long Term Incentive Plan of Sierra Health Services, Inc. is designed to recognize and reward the dedication, performance, and loyalty of employees based in Salt Lake City. By offering a comprehensive range of incentives, Sierra Health Services, Inc. aims to attract and retain top talent while ensuring the long-term success of the company.