Subsequent Event

3 Months Ended

Mar. 31, 2018

Subsequent Events

Subsequent Event

16.Subsequent Event

On May 9, 2018, Parent adopted the 2018 Executive Management Stock Option Plan (the "2018 Plan"). Pursuant to the 2018 Plan, awards may be in the form of Non-Qualified Stock Options. 2,499,000 shares of common stock were issued to certain UHS executives, including Named Executive Officers other than the Chief Executive Officer pursuant to the 2018 Plan, as shown in the table below:

Name	Title	Options Granted
Kevin Ketzel	President	600,000
James Pekarek	EVP and CFO	600,000
Robert Creviston	Chief Human Resources Officer	233,000
Bettyann Bird	SVP Marketing	600,000

Options granted pursuant to the 2018 Plan may only be exercised within 30 days after the signing of a binding agreement for the Company to undergo a Change in Control (as defined in the 2018 Plan) event.  Additionally, all awards of options granted pursuant to the 2018 Plan provide for a claw back of all proceeds of such options in the event an award recipient voluntarily terminates his or her employment with the Company without Good Reason or has his or her employment terminated by the Company for Cause (as such terms are defined in the Company’s Executive Severance Pay Plan) within one year following a Change in Control of the Company.