Florida 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 Florida Stock Option and Stock Award Plan of American Stores Company is a comprehensive program that offers employees of the company the opportunity to participate in the company's growth and success through stock options and stock awards. This plan is designed to reward and retain talented individuals while aligning their interests with the long-term success of the company. The Florida Stock Option and Stock Award Plan of American Stores Company comprise various types of options and awards that cater to the different needs and preferences of employees. Some notable options and awards included in this plan are: 1. Stock Options: Stock options provide employees the right to purchase a specific number of company shares at a predetermined price, known as the grant price or exercise price. These options typically have a vesting period, during which employees accumulate ownership rights. Different types of stock options offered may include incentive stock options (SOS) and non-qualified stock options (Nests), each with their distinct tax implications. 2. Restricted Stock Units (RSS): RSS are another key component of the plan. Employees are granted a specific number of RSS, which represent the right to receive company shares at a future date. Typically, RSS have a vesting schedule, and once vested, employees are entitled to receive the shares of stock. 3. Performance Stock Units (Plus): Plus are awarded based on the achievement of predefined performance goals and targets. Employees are granted a certain number of pluses, and upon meeting the performance criteria, they become eligible for receiving shares of stock. Plus serve as incentives for employees to contribute towards the company's growth objectives. 4. Stock Appreciation Rights (SARS): SARS allow employees to receive the appreciation in the company's stock value over a specific period. Unlike stock options, SARS do not require employees to purchase the underlying stock. Instead, they receive the difference between the grant price and the stock's market value upon exercising the rights. 5. Employee Stock Purchase Plan (ESPN): The ESPN enables eligible employees to purchase company stock at a discounted price. Employees can contribute a portion of their salary to the plan, which is used to buy shares at predetermined intervals. This plan encourages long-term commitment and provides employees with an opportunity to build their investment portfolios. The Florida Stock Option and Stock Award Plan of American Stores Company aims to reward employees for their contributions, motivate them to perform at their best, and foster a sense of ownership. By providing various options and awards, the plan caters to the diverse needs of employees and ensures alignment with the company's goals and objectives.

The Florida Stock Option and Stock Award Plan of American Stores Company is a comprehensive program that offers employees of the company the opportunity to participate in the company's growth and success through stock options and stock awards. This plan is designed to reward and retain talented individuals while aligning their interests with the long-term success of the company. The Florida Stock Option and Stock Award Plan of American Stores Company comprise various types of options and awards that cater to the different needs and preferences of employees. Some notable options and awards included in this plan are: 1. Stock Options: Stock options provide employees the right to purchase a specific number of company shares at a predetermined price, known as the grant price or exercise price. These options typically have a vesting period, during which employees accumulate ownership rights. Different types of stock options offered may include incentive stock options (SOS) and non-qualified stock options (Nests), each with their distinct tax implications. 2. Restricted Stock Units (RSS): RSS are another key component of the plan. Employees are granted a specific number of RSS, which represent the right to receive company shares at a future date. Typically, RSS have a vesting schedule, and once vested, employees are entitled to receive the shares of stock. 3. Performance Stock Units (Plus): Plus are awarded based on the achievement of predefined performance goals and targets. Employees are granted a certain number of pluses, and upon meeting the performance criteria, they become eligible for receiving shares of stock. Plus serve as incentives for employees to contribute towards the company's growth objectives. 4. Stock Appreciation Rights (SARS): SARS allow employees to receive the appreciation in the company's stock value over a specific period. Unlike stock options, SARS do not require employees to purchase the underlying stock. Instead, they receive the difference between the grant price and the stock's market value upon exercising the rights. 5. Employee Stock Purchase Plan (ESPN): The ESPN enables eligible employees to purchase company stock at a discounted price. Employees can contribute a portion of their salary to the plan, which is used to buy shares at predetermined intervals. This plan encourages long-term commitment and provides employees with an opportunity to build their investment portfolios. The Florida Stock Option and Stock Award Plan of American Stores Company aims to reward employees for their contributions, motivate them to perform at their best, and foster a sense of ownership. By providing various options and awards, the plan caters to the diverse needs of employees and ensures alignment with the company's goals and objectives.