Connecticut 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 Connecticut Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to incentivize and reward employees through stock options and stock awards. This plan allows employees of the American Stores Company, a retail supermarket chain, based in Connecticut, to participate in the potential growth and success of the company. Under the Connecticut Stock Option and Stock Award Plan, eligible employees are granted the opportunity to purchase company stocks at a predetermined price, commonly referred to as the exercise price. These stock options provide employees with the right to buy a specific number of shares at the exercise price within a specified timeframe, typically referred to as the exercise period. The stock options granted through this plan can become valuable assets for employees if the company's stock price appreciates beyond the exercise price. This incentivizes employees to work diligently and contribute to the company's growth, as they directly benefit from its success. Additionally, the plan also offers stock awards to employees, which are outright grants of company stocks, subject to certain vesting requirements. Unlike stock options, stock awards do not require employees to purchase shares but are credited directly to the employee's account. These awards can serve as a long-term incentive, encouraging employees to stay with the company, as the value of the awarded stocks can increase over time. The Connecticut Stock Option and Stock Award Plan may have variations or sub-categories based on different employee designations or levels within the American Stores Company. For example, there might be different plans for executives, managers, and general employees, each tailored to their specific roles and responsibilities. These varied plans may offer different exercise prices, vesting periods, or other terms and conditions, depending on the employee's position within the company. By implementing the Connecticut Stock Option and Stock Award Plan, American Stores Company aims to motivate and retain talented individuals, aligning their interests with the company's growth objectives. This creates a mutually beneficial relationship, as employees have the potential to accumulate wealth through stock ownership while the company benefits from an engaged and motivated workforce. Keywords: Connecticut Stock Option, Stock Award Plan, American Stores Company, incentive, reward, employee, stock options, exercise price, exercise period, stock awards, vesting requirements, long-term incentive, executives, managers, employee designations, growth objectives, wealth accumulation, engaged workforce.

The Connecticut Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to incentivize and reward employees through stock options and stock awards. This plan allows employees of the American Stores Company, a retail supermarket chain, based in Connecticut, to participate in the potential growth and success of the company. Under the Connecticut Stock Option and Stock Award Plan, eligible employees are granted the opportunity to purchase company stocks at a predetermined price, commonly referred to as the exercise price. These stock options provide employees with the right to buy a specific number of shares at the exercise price within a specified timeframe, typically referred to as the exercise period. The stock options granted through this plan can become valuable assets for employees if the company's stock price appreciates beyond the exercise price. This incentivizes employees to work diligently and contribute to the company's growth, as they directly benefit from its success. Additionally, the plan also offers stock awards to employees, which are outright grants of company stocks, subject to certain vesting requirements. Unlike stock options, stock awards do not require employees to purchase shares but are credited directly to the employee's account. These awards can serve as a long-term incentive, encouraging employees to stay with the company, as the value of the awarded stocks can increase over time. The Connecticut Stock Option and Stock Award Plan may have variations or sub-categories based on different employee designations or levels within the American Stores Company. For example, there might be different plans for executives, managers, and general employees, each tailored to their specific roles and responsibilities. These varied plans may offer different exercise prices, vesting periods, or other terms and conditions, depending on the employee's position within the company. By implementing the Connecticut Stock Option and Stock Award Plan, American Stores Company aims to motivate and retain talented individuals, aligning their interests with the company's growth objectives. This creates a mutually beneficial relationship, as employees have the potential to accumulate wealth through stock ownership while the company benefits from an engaged and motivated workforce. Keywords: Connecticut Stock Option, Stock Award Plan, American Stores Company, incentive, reward, employee, stock options, exercise price, exercise period, stock awards, vesting requirements, long-term incentive, executives, managers, employee designations, growth objectives, wealth accumulation, engaged workforce.