Hawaii 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 Hawaii Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to offer employees of the company in Hawaii the opportunity to become shareholders and benefit from the success of the company. This plan serves as an excellent incentive for employees to contribute towards the growth and development of American Stores Company while also experiencing personal financial gains. Under the Hawaii Stock Option and Stock Award Plan, employees are granted various types of stock-based compensation, allowing them to purchase company stock at a predetermined price or receive stock awards directly. These options and awards are granted based on specific criteria and terms set by the company. There are several types of stock-based compensation plans available under this program, including: 1. Stock Options: Employees granted stock options have the right to purchase a specified number of company shares at a predetermined price, often referred to as the strike or exercise price. These options usually have a vesting period, during which the employee must remain with the company to be eligible to exercise the options. Once vested, employees can choose to exercise their options and own the company's stock. 2. Restricted Stock Units (RSS): RSS are another type of award granted to employees, entitling them to receive a certain number of company shares on a predetermined vesting schedule. RSS are usually subject to specific conditions, such as the completion of a set period of employment or the achievement of performance goals. Once the RSS vest, employees receive company shares, which they can either keep or sell. 3. Performance Shares: Performance shares are granted to employees based on the achievement of specific performance goals set by the company. These goals could be financial targets, market positioning, or individual performance metrics. Once the performance goals are met, employees are awarded company shares. 4. Stock Purchase Plans: American Stores Company may also offer stock purchase plans, allowing employees to buy company shares at a discounted price. These plans often facilitate regular deductions from the employee's salary to accumulate funds and purchase shares at predetermined intervals. Through the Hawaii Stock Option and Stock Award Plan, American Stores Company aims to align the interests of its employees with those of shareholders by providing a means for employees to share in the company's success. This program offers Hawaii-based employees an opportunity to grow their wealth while fostering a sense of ownership and commitment to American Stores Company. By offering various types of stock-based compensation, this program caters to different employee preferences, encouraging loyalty and dedication to the company's long-term success.

The Hawaii Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to offer employees of the company in Hawaii the opportunity to become shareholders and benefit from the success of the company. This plan serves as an excellent incentive for employees to contribute towards the growth and development of American Stores Company while also experiencing personal financial gains. Under the Hawaii Stock Option and Stock Award Plan, employees are granted various types of stock-based compensation, allowing them to purchase company stock at a predetermined price or receive stock awards directly. These options and awards are granted based on specific criteria and terms set by the company. There are several types of stock-based compensation plans available under this program, including: 1. Stock Options: Employees granted stock options have the right to purchase a specified number of company shares at a predetermined price, often referred to as the strike or exercise price. These options usually have a vesting period, during which the employee must remain with the company to be eligible to exercise the options. Once vested, employees can choose to exercise their options and own the company's stock. 2. Restricted Stock Units (RSS): RSS are another type of award granted to employees, entitling them to receive a certain number of company shares on a predetermined vesting schedule. RSS are usually subject to specific conditions, such as the completion of a set period of employment or the achievement of performance goals. Once the RSS vest, employees receive company shares, which they can either keep or sell. 3. Performance Shares: Performance shares are granted to employees based on the achievement of specific performance goals set by the company. These goals could be financial targets, market positioning, or individual performance metrics. Once the performance goals are met, employees are awarded company shares. 4. Stock Purchase Plans: American Stores Company may also offer stock purchase plans, allowing employees to buy company shares at a discounted price. These plans often facilitate regular deductions from the employee's salary to accumulate funds and purchase shares at predetermined intervals. Through the Hawaii Stock Option and Stock Award Plan, American Stores Company aims to align the interests of its employees with those of shareholders by providing a means for employees to share in the company's success. This program offers Hawaii-based employees an opportunity to grow their wealth while fostering a sense of ownership and commitment to American Stores Company. By offering various types of stock-based compensation, this program caters to different employee preferences, encouraging loyalty and dedication to the company's long-term success.