Virginia Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-347C
• Format: Word; Rich Text

Description

18-347C 18-347C . . . Stock Option and Stock Award Plan under which Compensation and Stock Option Committee can grant (a) Incentive Stock Options, (b) Non-qualified Stock Options, (c) Stock Appreciation Rights, (c) Restricted Stock Awards, (d) Performance Units (which are converted into cash or common stock upon satisfaction of performance goals established by Committee and which, depending on extent to which they are met, will determine number of Performance Units that will be earned by individual, and (e) Tax Offset Bonuses The Virginia Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to incentivize and reward employees of the company. Under this plan, employees are granted various stock options and awards that aim to align their interests with the long-term success of American Stores. One of the types of stock options offered in the Virginia Stock Option and Stock Award Plan is the non-qualified stock option (NO). Nests are generally granted to employees at a predetermined exercise price, providing them the right to purchase a specified number of company shares within a specific timeframe. These options offer employees the opportunity to benefit from the appreciation of the company's stock price. Another type of stock option available in the plan is the incentive stock option (ISO). SOS are typically granted to key employees and provide them with potential tax advantages upon exercise. These options may only be exercised after a certain period has passed, often referred to as the vesting period. Additionally, the Virginia Stock Option and Stock Award Plan includes stock awards, also known as restricted stock units (RSS). RSS are typically granted to employees without requiring them to make any upfront payment. However, the employees receive the shares subject to certain restrictions, such as a vesting schedule or achievement of specific performance goals. Once these conditions are met, the employee gains ownership of the shares. The goal of the Virginia Stock Option and Stock Award Plan is to motivate and retain talented employees by giving them a stake in the company's success. By offering stock options and awards, American Stores aims to create a sense of ownership and commitment among its workforce. The plan is structured to reward employees for their dedication and performance while also fostering a culture of long-term value creation. Through the Virginia Stock Option and Stock Award Plan, American Stores Company is able to attract top talent, drive employee engagement, and align the interests of its employees with those of its shareholders. It provides employees with a valuable opportunity to participate in the growth and success of the company, promoting teamwork and a shared commitment to achieving strategic objectives. Overall, the Virginia Stock Option and Stock Award Plan is a crucial component of American Stores Company's compensation and benefits program, aiming to foster a positive work environment, enhance employee satisfaction, and drive long-term value creation.

The Virginia Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to incentivize and reward employees of the company. Under this plan, employees are granted various stock options and awards that aim to align their interests with the long-term success of American Stores. One of the types of stock options offered in the Virginia Stock Option and Stock Award Plan is the non-qualified stock option (NO). Nests are generally granted to employees at a predetermined exercise price, providing them the right to purchase a specified number of company shares within a specific timeframe. These options offer employees the opportunity to benefit from the appreciation of the company's stock price. Another type of stock option available in the plan is the incentive stock option (ISO). SOS are typically granted to key employees and provide them with potential tax advantages upon exercise. These options may only be exercised after a certain period has passed, often referred to as the vesting period. Additionally, the Virginia Stock Option and Stock Award Plan includes stock awards, also known as restricted stock units (RSS). RSS are typically granted to employees without requiring them to make any upfront payment. However, the employees receive the shares subject to certain restrictions, such as a vesting schedule or achievement of specific performance goals. Once these conditions are met, the employee gains ownership of the shares. The goal of the Virginia Stock Option and Stock Award Plan is to motivate and retain talented employees by giving them a stake in the company's success. By offering stock options and awards, American Stores aims to create a sense of ownership and commitment among its workforce. The plan is structured to reward employees for their dedication and performance while also fostering a culture of long-term value creation. Through the Virginia Stock Option and Stock Award Plan, American Stores Company is able to attract top talent, drive employee engagement, and align the interests of its employees with those of its shareholders. It provides employees with a valuable opportunity to participate in the growth and success of the company, promoting teamwork and a shared commitment to achieving strategic objectives. Overall, the Virginia Stock Option and Stock Award Plan is a crucial component of American Stores Company's compensation and benefits program, aiming to foster a positive work environment, enhance employee satisfaction, and drive long-term value creation.