Nebraska Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-185C
• Format: Word; Rich Text

Description

18-185C 18-185C . . . Non-employee Directors Stock Option Plan under which Class II Non-employee directors receive options for 5,000 shares, all fully vested; Class II Non-employee directors receive options for 7,500 shares, of which 5,000 are fully vested and 2,500 vest on date of 1997 annual stockholders meeting; and Class I Non-employee directors receive options for 10,000 shares, of which 5,000 are fully vested, 2,500 vest on date of 1997 annual stockholders meeting, and 2,500 vest on date of 1998 annual stockholders meeting. Thereafter, each Non-employee director automatically receives an option on his or her election or re-election as director. Each such option is for 7,500 shares if director is elected to full three year term, of which 2,500 is vested, 2,500 vests on first anniversary of grant, and 2,500 vests on second anniversary of grant. If director is elected to fill term of less than three years, number of shares is equal to 2,500 for each full year of his or her term

The Nebraska Nonemployee Directors Stock Option Plan of National Surgery Centers, Inc. is a comprehensive compensation scheme designed specifically for nonemployee directors of the company based in Nebraska. This plan grants eligible nonemployee directors the opportunity to acquire stock options in National Surgery Centers, Inc., as a means of incentivizing their contributions to the company's success. Under the Nebraska Nonemployee Directors Stock Option Plan, eligible directors are given the opportunity to purchase a predetermined number of company shares at a specified price within a specified time frame. These stock options serve as a valuable form of compensation, allowing directors to realize the potential gains from the company's growth and enhance their alignment with shareholder interests. The plan incorporates various types of stock options, each catering to different scenarios and objectives. Some key types of stock options available may include: 1. Standard Stock Options: These options grant nonemployee directors the right to purchase company shares at a predefined price, known as the exercise price, within a specified time period. 2. Incentive Stock Options (SOS): This type of stock option offers potential tax advantages to the option holder if certain requirements are met. SOS are designed to encourage long-term retention of directors, as they generally have a longer vesting period and additional statutory regulations. 3. Non-qualified Stock Options (SOS): SOS are another variant of stock options that do not possess the same tax advantages as SOS. These options can be more flexible and often come with shorter vesting periods. The Nebraska Nonemployee Directors Stock Option Plan ensures that directors who qualify for this program are rewarded for their expertise and contributions to the company's strategic direction and long-term growth. By offering stock options, National Surgery Centers, Inc. aims to attract and retain talented nonemployee directors who can drive the company forward and enhance shareholder value. Keywords: Nebraska Nonemployee Directors Stock Option Plan, National Surgery Centers, Inc., compensation scheme, stock options, nonemployee directors, Nebraska, acquisition, incentivizing, company shares, compensation, potential gains, growth, shareholder interests, predetermined, exercise price, time period, Incentive Stock Options, SOS, tax advantages, vesting period, statutory regulations, Non-qualified Stock Options, SOS, flexibility, strategic direction, long-term growth, shareholder value.