Wisconsin Stock Option and Stock Award Plan of American Stores Company: A detailed description Keywords: Wisconsin Stock Option and Stock Award Plan, American Stores Company, employee compensation, stock options, stock awards, performance-based incentives The Wisconsin Stock Option and Stock Award Plan of American Stores Company is a comprehensive compensation program designed to reward and incentivize employees with ownership in the company. This plan is specifically tailored for employees working in various locations across Wisconsin. American Stores Company, a renowned retail organization, understands the significance of retaining talented individuals and motivating them to contribute to the company's success. The plan encompasses two major components: stock options and stock awards. Each component has its unique characteristics and advantages, allowing employees to choose the type of compensation that best suits their needs and goals. 1. Stock Options: One type of Wisconsin Stock Option Plan offered by American Stores Company is the "Non-Qualified Stock Option" (NO). This option provides employees with the opportunity to purchase company stocks at a predetermined price, known as the exercise price. Nests are typically granted to employees at a specific date and time, called the grant date, and are subject to vesting requirements, which ensure that the employees remain committed to the company for a specified length of time. Another type of stock option plan is the "Incentive Stock Option" (ISO). SOS serve as tax-advantaged stock options, allowing employees to buy company stocks at a more favorable tax rate compared to Nests. SOS are commonly awarded to employees at the executive level or those holding critical positions within the organization. 2. Stock Awards: The Wisconsin Stock Award Plan of American Stores Company offers employees the opportunity to receive stock awards as part of their compensation. Stock awards are usually granted to employees based on their performance or the achievement of specific company goals. One type of stock award is the "Restricted Stock Unit" (RSU). RSS represents a specific number of company stocks that are awarded to employees upfront but remain restricted until certain conditions are met, typically a service requirement or a predetermined period. Once these conditions are fulfilled, employees gain ownership of the stocks. Additionally, "Performance Stock Units" (Plus) are another type of stock award granted to employees of American Stores Company. Plus are given to individuals based on the attainment of predetermined performance goals over a specified period. These performance goals are typically set to align employee incentives with the company's strategic objectives. The Wisconsin Stock Option and Stock Award Plan of American Stores Company aims to create an ownership culture within the organization, aligning the interests of employees and shareholders. By offering stock options and stock awards, the company encourages employees to contribute to its long-term growth and success while providing them with the potential for significant financial rewards. The plan enables employees to become shareholders and enjoy the benefits of owning company stock. It also serves as an effective tool for attracting and retaining top talent in the competitive Wisconsin labor market. Through these various stock option and stock award programs, American Stores Company demonstrates its commitment to fostering employee loyalty, dedication, and promoting a performance-driven culture.
Wisconsin Stock Option and Stock Award Plan of American Stores Company
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Multi-State
Control #:
US-CC-18-347C
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Word;
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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
Wisconsin Stock Option and Stock Award Plan of American Stores Company: A detailed description Keywords: Wisconsin Stock Option and Stock Award Plan, American Stores Company, employee compensation, stock options, stock awards, performance-based incentives The Wisconsin Stock Option and Stock Award Plan of American Stores Company is a comprehensive compensation program designed to reward and incentivize employees with ownership in the company. This plan is specifically tailored for employees working in various locations across Wisconsin. American Stores Company, a renowned retail organization, understands the significance of retaining talented individuals and motivating them to contribute to the company's success. The plan encompasses two major components: stock options and stock awards. Each component has its unique characteristics and advantages, allowing employees to choose the type of compensation that best suits their needs and goals. 1. Stock Options: One type of Wisconsin Stock Option Plan offered by American Stores Company is the "Non-Qualified Stock Option" (NO). This option provides employees with the opportunity to purchase company stocks at a predetermined price, known as the exercise price. Nests are typically granted to employees at a specific date and time, called the grant date, and are subject to vesting requirements, which ensure that the employees remain committed to the company for a specified length of time. Another type of stock option plan is the "Incentive Stock Option" (ISO). SOS serve as tax-advantaged stock options, allowing employees to buy company stocks at a more favorable tax rate compared to Nests. SOS are commonly awarded to employees at the executive level or those holding critical positions within the organization. 2. Stock Awards: The Wisconsin Stock Award Plan of American Stores Company offers employees the opportunity to receive stock awards as part of their compensation. Stock awards are usually granted to employees based on their performance or the achievement of specific company goals. One type of stock award is the "Restricted Stock Unit" (RSU). RSS represents a specific number of company stocks that are awarded to employees upfront but remain restricted until certain conditions are met, typically a service requirement or a predetermined period. Once these conditions are fulfilled, employees gain ownership of the stocks. Additionally, "Performance Stock Units" (Plus) are another type of stock award granted to employees of American Stores Company. Plus are given to individuals based on the attainment of predetermined performance goals over a specified period. These performance goals are typically set to align employee incentives with the company's strategic objectives. The Wisconsin Stock Option and Stock Award Plan of American Stores Company aims to create an ownership culture within the organization, aligning the interests of employees and shareholders. By offering stock options and stock awards, the company encourages employees to contribute to its long-term growth and success while providing them with the potential for significant financial rewards. The plan enables employees to become shareholders and enjoy the benefits of owning company stock. It also serves as an effective tool for attracting and retaining top talent in the competitive Wisconsin labor market. Through these various stock option and stock award programs, American Stores Company demonstrates its commitment to fostering employee loyalty, dedication, and promoting a performance-driven culture.
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