The Alabama Stock Option and Stock Award Plan is a specific type of employee benefits program offered by American Stores Company, which is a renowned company in the retail industry. This plan is designed to provide eligible employees with incentives in the form of stock options and stock awards, aiming to align their interests with the long-term growth and success of the company. The Alabama Stock Option and Stock Award Plan offer various types of benefits and options to employees based on their roles, responsibilities, and performance. These benefits include: 1. Stock Options: This plan grants eligible employees the right to purchase a predetermined number of company shares at a specified price within a set period. These stock options may have certain vesting conditions that need to be fulfilled before exercising, typically tied to the employee's tenure or performance milestones. 2. Restricted Stock Units (RSS): RSS are another form of stock-based compensation offered under the Alabama Stock Option and Stock Award Plan. RSS represents a promise to award company shares to eligible employees at a future date. These awards are typically contingent upon specified conditions, such as the employee's continued service to the company over a particular period. 3. Performance Stock Units (Plus): Plus are another variant of stock awards provided under the plan, typically linked to performance-based criteria or corporate goals. These awards are granted to employees based on predetermined performance targets and are subject to vesting conditions. Upon meeting the set criteria, employees receive the designated number of company shares. 4. Stock Appreciation Rights (SARS): SARS offer eligible employees the opportunity to receive the appreciation in the value of a specific number of company shares over a predetermined period. The participants can choose either to exercise the SARS and receive the appreciation in shares or take a cash equivalent, as specified in the plan. It is essential to note that the specific terms and conditions of the Alabama Stock Option and Stock Award Plan, including eligibility criteria, vesting schedules, exercise periods, and other parameters, may vary based on the discretion of American Stores Company and any applicable regulatory guidelines. In conclusion, the Alabama Stock Option and Stock Award Plan of American Stores Company provide employees with incentives in the form of stock options and stock awards, promoting employee engagement, loyalty, and alignment with the company's long-term growth objectives. By offering various types of stock-based benefits, the plan aims to recognize and reward employee contributions while fostering a sense of ownership and motivation within the workforce.
Alabama Stock Option and Stock Award Plan of American Stores Company
Category:
State:
Multi-State
Control #:
US-CC-18-347C
Format:
Word;
Rich Text
Instant download
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 Alabama Stock Option and Stock Award Plan is a specific type of employee benefits program offered by American Stores Company, which is a renowned company in the retail industry. This plan is designed to provide eligible employees with incentives in the form of stock options and stock awards, aiming to align their interests with the long-term growth and success of the company. The Alabama Stock Option and Stock Award Plan offer various types of benefits and options to employees based on their roles, responsibilities, and performance. These benefits include: 1. Stock Options: This plan grants eligible employees the right to purchase a predetermined number of company shares at a specified price within a set period. These stock options may have certain vesting conditions that need to be fulfilled before exercising, typically tied to the employee's tenure or performance milestones. 2. Restricted Stock Units (RSS): RSS are another form of stock-based compensation offered under the Alabama Stock Option and Stock Award Plan. RSS represents a promise to award company shares to eligible employees at a future date. These awards are typically contingent upon specified conditions, such as the employee's continued service to the company over a particular period. 3. Performance Stock Units (Plus): Plus are another variant of stock awards provided under the plan, typically linked to performance-based criteria or corporate goals. These awards are granted to employees based on predetermined performance targets and are subject to vesting conditions. Upon meeting the set criteria, employees receive the designated number of company shares. 4. Stock Appreciation Rights (SARS): SARS offer eligible employees the opportunity to receive the appreciation in the value of a specific number of company shares over a predetermined period. The participants can choose either to exercise the SARS and receive the appreciation in shares or take a cash equivalent, as specified in the plan. It is essential to note that the specific terms and conditions of the Alabama Stock Option and Stock Award Plan, including eligibility criteria, vesting schedules, exercise periods, and other parameters, may vary based on the discretion of American Stores Company and any applicable regulatory guidelines. In conclusion, the Alabama Stock Option and Stock Award Plan of American Stores Company provide employees with incentives in the form of stock options and stock awards, promoting employee engagement, loyalty, and alignment with the company's long-term growth objectives. By offering various types of stock-based benefits, the plan aims to recognize and reward employee contributions while fostering a sense of ownership and motivation within the workforce.
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