Orange California Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Orange
• 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 Orange California Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to incentivize and reward employees of the company. This plan offers various forms of stock-based compensation to eligible employees, allowing them to benefit from the company's success and alignment of interests. With a focus on employee retention and motivation, the plan encompasses several types of stock options and stock awards tailored to cater to diverse employee needs. One of the key types of stock options available under the Orange California Stock Option and Stock Award Plan is the Non-Qualified Stock Option (NO). This type of option grants eligible employees the right to purchase company stock at a predetermined price within a specific time frame. By providing employees with the opportunity to acquire stocks at a preferential price, the NO option plan encourages long-term commitment and loyalty while fostering the growth of both the company and its workforce. Another type of stock option available is the Incentive Stock Option (ISO) plan. SOS are generally provided to key employees and offer potential tax advantages, as the gains from exercising these options may be subject to favorable tax treatment. These options further motivate employees to contribute to the company's growth and profitability since their personal tax liability can potentially decrease. Additionally, the Orange California Stock Option and Stock Award Plan encompasses Stock Awards, which are granted directly to employees without any purchase requirements. Stock Awards are typically subject to vesting conditions ensuring that employees remain engaged and committed to the company for a specified period. Once the vesting period is reached, employees gain full ownership of the awarded stocks, allowing them to directly benefit from the company's performance. The Orange California Stock Option and Stock Award Plan of American Stores Company prioritize flexible offerings to cater to individual employee objectives. This includes the provision of restricted stock units (RSS) that grant employees the right to receive company shares rather than the option to purchase them. RSS usually vest over time or upon the achievement of specific performance goals, further aligning employee interests with the company's success. To ensure transparency and fairness, American Stores Company provides detailed information regarding each stock option and stock award type, including grant dates, vesting schedules, exercise prices, and any applicable tax implications. This comprehensive approach enables employees to make well-informed decisions based on their financial planning and personal circumstances. In conclusion, the Orange California Stock Option and Stock Award Plan of American Stores Company offers a diverse range of stock-based compensation options, including non-qualified stock options, incentive stock options, stock awards, and restricted stock units. This comprehensive plan serves to attract, retain, and motivate talented employees by providing them with opportunities to share in the company's success and align their interests with long-term growth.

The Orange California Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to incentivize and reward employees of the company. This plan offers various forms of stock-based compensation to eligible employees, allowing them to benefit from the company's success and alignment of interests. With a focus on employee retention and motivation, the plan encompasses several types of stock options and stock awards tailored to cater to diverse employee needs. One of the key types of stock options available under the Orange California Stock Option and Stock Award Plan is the Non-Qualified Stock Option (NO). This type of option grants eligible employees the right to purchase company stock at a predetermined price within a specific time frame. By providing employees with the opportunity to acquire stocks at a preferential price, the NO option plan encourages long-term commitment and loyalty while fostering the growth of both the company and its workforce. Another type of stock option available is the Incentive Stock Option (ISO) plan. SOS are generally provided to key employees and offer potential tax advantages, as the gains from exercising these options may be subject to favorable tax treatment. These options further motivate employees to contribute to the company's growth and profitability since their personal tax liability can potentially decrease. Additionally, the Orange California Stock Option and Stock Award Plan encompasses Stock Awards, which are granted directly to employees without any purchase requirements. Stock Awards are typically subject to vesting conditions ensuring that employees remain engaged and committed to the company for a specified period. Once the vesting period is reached, employees gain full ownership of the awarded stocks, allowing them to directly benefit from the company's performance. The Orange California Stock Option and Stock Award Plan of American Stores Company prioritize flexible offerings to cater to individual employee objectives. This includes the provision of restricted stock units (RSS) that grant employees the right to receive company shares rather than the option to purchase them. RSS usually vest over time or upon the achievement of specific performance goals, further aligning employee interests with the company's success. To ensure transparency and fairness, American Stores Company provides detailed information regarding each stock option and stock award type, including grant dates, vesting schedules, exercise prices, and any applicable tax implications. This comprehensive approach enables employees to make well-informed decisions based on their financial planning and personal circumstances. In conclusion, the Orange California Stock Option and Stock Award Plan of American Stores Company offers a diverse range of stock-based compensation options, including non-qualified stock options, incentive stock options, stock awards, and restricted stock units. This comprehensive plan serves to attract, retain, and motivate talented employees by providing them with opportunities to share in the company's success and align their interests with long-term growth.