Illinois 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 Illinois Stock Option and Stock Award Plan, implemented by American Stores Company, is a comprehensive program designed to reward and motivate employees by offering them the opportunity to acquire company stocks. This plan enables eligible employees to purchase shares of American Stores Company's stock at a predetermined price or awards them with company stocks without a financial obligation. The key objective of the Illinois Stock Option and Stock Award Plan is to align the interests of employees with those of the company and its shareholders. By providing employees with the chance to become stockholders, the company aims to foster a sense of ownership and accountability among its workforce. This program further incentivizes employees to contribute to the company's growth and long-term success. There are various types of Illinois Stock Option and Stock Award Plans available to qualified employees of American Stores Company. Some common types include: 1. Stock Options: This type of plan grants eligible employees the right to purchase a specific number of company stocks, usually at a predetermined price, within a specified period. Stock options often have an exercise period, after which the options expire if not exercised. 2. Restricted Stock Units (RSS): RSS are another form of stock-based compensation wherein eligible employees are granted a specific number of company stocks outright. However, these shares may be subject to certain restrictions such as vesting periods or performance targets that need to be met before employees can claim full ownership. 3. Performance Shares: This plan provides employees with company stocks based on predetermined performance goals or targets. Employees are awarded shares if specific performance objectives are achieved, thereby linking compensation directly to the company's performance. 4. Employee Stock Purchase Plan (ESPN): The ESPN enables employees to purchase company stocks at a discounted price through regular payroll deductions. This plan typically offers a convenient way for employees to accumulate shares on a regular basis, fostering long-term investment and loyalty. 5. Stock Appreciation Rights (SARS): SARS provide eligible employees the right to receive the appreciation in the company's stock value over a specified period. Employees can choose to either receive the appreciation in cash or an equivalent number of shares. The Illinois Stock Option and Stock Award Plan of American Stores Company serve as powerful retention and motivation tools, ensuring that employees are engaged, committed, and actively working towards the company's success. By offering various types of stock-based compensation, the plan encourages employees to take an active role in shaping the future of the organization.

The Illinois Stock Option and Stock Award Plan, implemented by American Stores Company, is a comprehensive program designed to reward and motivate employees by offering them the opportunity to acquire company stocks. This plan enables eligible employees to purchase shares of American Stores Company's stock at a predetermined price or awards them with company stocks without a financial obligation. The key objective of the Illinois Stock Option and Stock Award Plan is to align the interests of employees with those of the company and its shareholders. By providing employees with the chance to become stockholders, the company aims to foster a sense of ownership and accountability among its workforce. This program further incentivizes employees to contribute to the company's growth and long-term success. There are various types of Illinois Stock Option and Stock Award Plans available to qualified employees of American Stores Company. Some common types include: 1. Stock Options: This type of plan grants eligible employees the right to purchase a specific number of company stocks, usually at a predetermined price, within a specified period. Stock options often have an exercise period, after which the options expire if not exercised. 2. Restricted Stock Units (RSS): RSS are another form of stock-based compensation wherein eligible employees are granted a specific number of company stocks outright. However, these shares may be subject to certain restrictions such as vesting periods or performance targets that need to be met before employees can claim full ownership. 3. Performance Shares: This plan provides employees with company stocks based on predetermined performance goals or targets. Employees are awarded shares if specific performance objectives are achieved, thereby linking compensation directly to the company's performance. 4. Employee Stock Purchase Plan (ESPN): The ESPN enables employees to purchase company stocks at a discounted price through regular payroll deductions. This plan typically offers a convenient way for employees to accumulate shares on a regular basis, fostering long-term investment and loyalty. 5. Stock Appreciation Rights (SARS): SARS provide eligible employees the right to receive the appreciation in the company's stock value over a specified period. Employees can choose to either receive the appreciation in cash or an equivalent number of shares. The Illinois Stock Option and Stock Award Plan of American Stores Company serve as powerful retention and motivation tools, ensuring that employees are engaged, committed, and actively working towards the company's success. By offering various types of stock-based compensation, the plan encourages employees to take an active role in shaping the future of the organization.