San Antonio Texas Long Term Incentive Plan of Sierra Health Services, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• City: San Antonio
• 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 San Antonio, Texas Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive incentive program designed to reward and retain employees over an extended period. This plan aims to provide competitive benefits and financial incentives to attract talented individuals and motivate existing staff members to achieve long-term organizational goals. The San Antonio, Texas Long Term Incentive Plan offers various types of incentives to employees, ensuring their motivation, job satisfaction, and commitment to Sierra Health Services, Inc. These incentives include: 1. Performance-based Bonuses: Sierra Health Services, Inc. awards annual bonuses to employees based on their individual and team performance. These bonuses are designed to recognize exceptional achievements and encourage employees to go above and beyond in their assigned roles. 2. Stock Options: The Long Term Incentive Plan may provide eligible employees with stock options, allowing them to purchase shares of Sierra Health Services, Inc. at a predetermined price over a specified period. Stock options offer employees the opportunity to share in the company's future growth and financial success. 3. Restricted Stock Units (RSS): RSS are an integral part of the plan wherein employees receive units that convert into company stocks after a vesting period. RSS provides a long-term commitment to employees, aligning their interests with the company's performance and profitability. 4. Retirement Benefits: Sierra Health Services, Inc. understands the importance of providing long-term financial security to its employees. The Long Term Incentive Plan may include generous retirement benefits, such as 401(k) matching contributions and pension plans, ensuring employees' financial well-being beyond their active employment years. 5. Performance Share Units (Plus): Plus are offered to employees under the Long-Term Incentive Plan. These units represent hypothetical shares that convert into actual shares based on the company's performance against predetermined performance metrics over a specified period. Plus reward employees for achieving set goals and promote a results-driven culture within the organization. All types of incentives offered under the San Antonio, Texas Long Term Incentive Plan are carefully designed to align employee interests with the company's long-term success. By offering a combination of performance-based rewards, equity ownership, and retirement benefits, Sierra Health Services, Inc. aims to motivate employees to actively contribute to the company's growth, enhance productivity, and foster a strong sense of loyalty. It's important to note that the specific components, eligibility criteria, and allocation of incentives within the San Antonio, Texas Long Term Incentive Plan may vary based on the employee's position, level, and tenure within Sierra Health Services, Inc. The plan is regularly reviewed and updated to ensure it remains competitive in the ever-changing business environment and meets the long-term retention goals of the organization.

San Antonio, Texas Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive incentive program designed to reward and retain employees over an extended period. This plan aims to provide competitive benefits and financial incentives to attract talented individuals and motivate existing staff members to achieve long-term organizational goals. The San Antonio, Texas Long Term Incentive Plan offers various types of incentives to employees, ensuring their motivation, job satisfaction, and commitment to Sierra Health Services, Inc. These incentives include: 1. Performance-based Bonuses: Sierra Health Services, Inc. awards annual bonuses to employees based on their individual and team performance. These bonuses are designed to recognize exceptional achievements and encourage employees to go above and beyond in their assigned roles. 2. Stock Options: The Long Term Incentive Plan may provide eligible employees with stock options, allowing them to purchase shares of Sierra Health Services, Inc. at a predetermined price over a specified period. Stock options offer employees the opportunity to share in the company's future growth and financial success. 3. Restricted Stock Units (RSS): RSS are an integral part of the plan wherein employees receive units that convert into company stocks after a vesting period. RSS provides a long-term commitment to employees, aligning their interests with the company's performance and profitability. 4. Retirement Benefits: Sierra Health Services, Inc. understands the importance of providing long-term financial security to its employees. The Long Term Incentive Plan may include generous retirement benefits, such as 401(k) matching contributions and pension plans, ensuring employees' financial well-being beyond their active employment years. 5. Performance Share Units (Plus): Plus are offered to employees under the Long-Term Incentive Plan. These units represent hypothetical shares that convert into actual shares based on the company's performance against predetermined performance metrics over a specified period. Plus reward employees for achieving set goals and promote a results-driven culture within the organization. All types of incentives offered under the San Antonio, Texas Long Term Incentive Plan are carefully designed to align employee interests with the company's long-term success. By offering a combination of performance-based rewards, equity ownership, and retirement benefits, Sierra Health Services, Inc. aims to motivate employees to actively contribute to the company's growth, enhance productivity, and foster a strong sense of loyalty. It's important to note that the specific components, eligibility criteria, and allocation of incentives within the San Antonio, Texas Long Term Incentive Plan may vary based on the employee's position, level, and tenure within Sierra Health Services, Inc. The plan is regularly reviewed and updated to ensure it remains competitive in the ever-changing business environment and meets the long-term retention goals of the organization.