San Diego California Long Term Incentive Plan of Sierra Health Services, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: San Diego
• 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 San Diego California Long Term Incentive Plan offered by Sierra Health Services, Inc. is a comprehensive rewards program designed to attract and retain top talent within the organization. This plan provides employees with long-term financial incentives to encourage loyalty, motivation, and productivity. Sierra Health Services, Inc. recognizes the importance of setting specific goals and objectives to drive the company's long-term success. Hence, the San Diego California Long Term Incentive Plan offers various types of incentives to align employee efforts with the company's strategic vision. 1. Performance-based Incentives: This aspect of the plan rewards employees based on their individual, team, or company-wide performance metrics. By focusing on tangible performance goals, this type of incentive encourages employees to excel in their respective roles and contribute to the overall growth of Sierra Health Services, Inc. 2. Stock Options: As part of the plan, eligible employees may receive stock options, giving them the opportunity to purchase shares of Sierra Health Services, Inc. at a specific price within a set timeframe. This not only serves as an incentive to foster loyalty but also allows employees to become partial owners of the company and benefit from its financial success. 3. Restricted Stock Units (RSS): RSS are another form of long-term incentive offered by Sierra Health Services, Inc. Under this scheme, employees are granted a specific number of shares, which vest over a predetermined period. RSS are often subject to certain performance criteria or tenure requirements, providing further motivation for employees to remain committed to the organization's long-term growth. 4. Performance Bonuses: In addition to base salaries, the Long Term Incentive Plan may include performance bonuses tied to meeting specific milestones, achieving exceptional performance, or driving significant business outcomes. These bonuses can serve as substantial financial rewards for employees who go above and beyond in their roles. 5. Retirement Benefits: Sierra Health Services, Inc.'s Long Term Incentive Plan may also provide retirement benefits, such as cash contributions to 401(k) plans or employee stock ownership plans (Sops). This aspect of the plan aims to support employees in planning for their long-term financial security and highlights the organization's commitment to employees' overall well-being. The San Diego California Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive program that recognizes and rewards employees for their dedication, contributions, and commitment to the company's success. By offering a combination of performance-based incentives, stock options, restricted stock units, performance bonuses, and retirement benefits, Sierra Health Services, Inc. aims to create a motivating and rewarding work environment for its employees.

The San Diego California Long Term Incentive Plan offered by Sierra Health Services, Inc. is a comprehensive rewards program designed to attract and retain top talent within the organization. This plan provides employees with long-term financial incentives to encourage loyalty, motivation, and productivity. Sierra Health Services, Inc. recognizes the importance of setting specific goals and objectives to drive the company's long-term success. Hence, the San Diego California Long Term Incentive Plan offers various types of incentives to align employee efforts with the company's strategic vision. 1. Performance-based Incentives: This aspect of the plan rewards employees based on their individual, team, or company-wide performance metrics. By focusing on tangible performance goals, this type of incentive encourages employees to excel in their respective roles and contribute to the overall growth of Sierra Health Services, Inc. 2. Stock Options: As part of the plan, eligible employees may receive stock options, giving them the opportunity to purchase shares of Sierra Health Services, Inc. at a specific price within a set timeframe. This not only serves as an incentive to foster loyalty but also allows employees to become partial owners of the company and benefit from its financial success. 3. Restricted Stock Units (RSS): RSS are another form of long-term incentive offered by Sierra Health Services, Inc. Under this scheme, employees are granted a specific number of shares, which vest over a predetermined period. RSS are often subject to certain performance criteria or tenure requirements, providing further motivation for employees to remain committed to the organization's long-term growth. 4. Performance Bonuses: In addition to base salaries, the Long Term Incentive Plan may include performance bonuses tied to meeting specific milestones, achieving exceptional performance, or driving significant business outcomes. These bonuses can serve as substantial financial rewards for employees who go above and beyond in their roles. 5. Retirement Benefits: Sierra Health Services, Inc.'s Long Term Incentive Plan may also provide retirement benefits, such as cash contributions to 401(k) plans or employee stock ownership plans (Sops). This aspect of the plan aims to support employees in planning for their long-term financial security and highlights the organization's commitment to employees' overall well-being. The San Diego California Long Term Incentive Plan of Sierra Health Services, Inc. is a comprehensive program that recognizes and rewards employees for their dedication, contributions, and commitment to the company's success. By offering a combination of performance-based incentives, stock options, restricted stock units, performance bonuses, and retirement benefits, Sierra Health Services, Inc. aims to create a motivating and rewarding work environment for its employees.