Teladoc Health Introduces New Incentives for Employees
Teladoc Health Provides Employee Incentive Awards
Teladoc Health, Inc. (NYSE:TDOC), a leader in whole-person virtual care, has made an exciting announcement regarding employee incentives. Recently, the company issued inducement awards to three newly hired employees, marking a significant step in enhancing employee engagement and retention.
Details of the Inducement Awards
Effective from October 1, 2024, Teladoc Health granted awards of restricted stock units amounting to a collective total of 105,000 shares. These awards were designed to recognize and reward three new non-executive employees who have joined the Teladoc team. The structured vesting of these stock units is one-third on the first anniversary of the grant date, with the remaining shares vesting in quarterly increments over the following two years. This approach not only incentivizes performance but also fosters long-term commitment among the employees.
Approvals and Compliance
The Compensation Committee of the Board of Directors at Teladoc Health approved these awards, adhering to the Teladoc Health, Inc. 2023 Employment Inducement Incentive Award Plan. This plan operates under the guidelines of NYSE Rule 303A.08, underscoring the company’s commitment to compliant and responsible corporate governance.
About Teladoc Health
Teladoc Health is dedicated to empowering individuals around the world to lead healthier lives by redefining the healthcare experience. As a pioneer in holistic virtual care, the company leverages advanced data and personalized health signals to enhance health outcomes throughout a person's healthcare journey. With over two decades of expertise, Teladoc meets the evolving virtual care demands of both consumers and healthcare providers, making impactful strides in the industry.
Media Contact Information
For further inquiries, the media can reach out to Chris Stenrud at 860-491-8821. For press communications, direct emails can be sent to pr@teladochealth.com.
Frequently Asked Questions
What are inducement awards provided by Teladoc Health?
Inducement awards are incentives granted to newly hired employees, like stock units, aimed at attracting and retaining talent.
How many shares are included in the inducement awards?
The inducement awards comprise a total of 105,000 shares of Teladoc Health's common stock.
What is the vesting period for these awards?
The stock units vest in thirds, with the first portion vesting on the first anniversary and the rest in quarterly installments over two years.
Who approved the inducement awards?
The Compensation Committee of the Board of Directors approved the inducement awards in alignment with company policies.
How can I learn more about Teladoc Health?
For additional information, visit Teladoc Health's official website at www.teladochealth.com.
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