Indiana 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 Indiana Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to provide employees with stock-based incentives as a means to attract, retain, and reward talented individuals. This plan offers various options and awards to eligible employees based in Indiana. One of the primary objectives of the Indiana Stock Option and Stock Award Plan is to foster employee loyalty and align their interests with those of the company's shareholders. By granting stock options and awards, American Stores Company aims to motivate employees to contribute to the overall growth and success of the organization. The Indiana Stock Option Plan provides eligible employees with the opportunity to purchase company stock at a predetermined price within a specified period. This allows them to benefit from any future appreciation in the stock's value. As employees exercise their stock options, they can either hold onto the shares or sell them on the open market, subsequently resulting in potential financial gains. Moreover, the Indiana Stock Award Plan offers employees the chance to receive a specific number of shares of American Stores Company stock as a reward for their exceptional performance, dedication, or achievement of certain milestones. These stock awards can vest over a set period, encouraging long-term commitment and engagement from employees. Under the Indiana Stock Option and Stock Award Plan, different types of options and awards may be granted to employees based on their position, tenure, and contribution to the company. These may include: 1. Non-Qualified Stock Options (SOS): SOS provide employees with the opportunity to purchase shares at a predetermined price, which is usually the fair market value at the time of grant. These options are subject to applicable taxes upon exercise. 2. Incentive Stock Options (SOS): SOS are granted with certain tax advantages, allowing employees to purchase shares at a discounted price. To be eligible for tax benefits, employees must meet specific holding requirements and abide by IRS regulations. 3. Restricted Stock Units (RSS): RSS are awards that represent the right to receive company shares at a future date, subject to vesting conditions. Once the RSS vest, employees become full owners of the shares. 4. Performance Share Units (Plus): Plus are similar to RSS, but their vesting is dependent on predetermined performance goals or metrics. If employees meet or exceed these goals, they are entitled to receive the shares. 5. Stock Appreciation Rights (SARS): SARS offer employees the right to receive the appreciation value of a certain number of shares over a predetermined period. Unlike options, employees are not required to purchase the shares but receive the monetary equivalent. The Indiana Stock Option and Stock Award Plan of American Stores Company serves as a valuable tool for attracting and retaining talented employees through stock-based incentives. By offering various options and awards, the company aims to strengthen employee loyalty, drive performance, and align employee interests with the company's long-term success.

The Indiana Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to provide employees with stock-based incentives as a means to attract, retain, and reward talented individuals. This plan offers various options and awards to eligible employees based in Indiana. One of the primary objectives of the Indiana Stock Option and Stock Award Plan is to foster employee loyalty and align their interests with those of the company's shareholders. By granting stock options and awards, American Stores Company aims to motivate employees to contribute to the overall growth and success of the organization. The Indiana Stock Option Plan provides eligible employees with the opportunity to purchase company stock at a predetermined price within a specified period. This allows them to benefit from any future appreciation in the stock's value. As employees exercise their stock options, they can either hold onto the shares or sell them on the open market, subsequently resulting in potential financial gains. Moreover, the Indiana Stock Award Plan offers employees the chance to receive a specific number of shares of American Stores Company stock as a reward for their exceptional performance, dedication, or achievement of certain milestones. These stock awards can vest over a set period, encouraging long-term commitment and engagement from employees. Under the Indiana Stock Option and Stock Award Plan, different types of options and awards may be granted to employees based on their position, tenure, and contribution to the company. These may include: 1. Non-Qualified Stock Options (SOS): SOS provide employees with the opportunity to purchase shares at a predetermined price, which is usually the fair market value at the time of grant. These options are subject to applicable taxes upon exercise. 2. Incentive Stock Options (SOS): SOS are granted with certain tax advantages, allowing employees to purchase shares at a discounted price. To be eligible for tax benefits, employees must meet specific holding requirements and abide by IRS regulations. 3. Restricted Stock Units (RSS): RSS are awards that represent the right to receive company shares at a future date, subject to vesting conditions. Once the RSS vest, employees become full owners of the shares. 4. Performance Share Units (Plus): Plus are similar to RSS, but their vesting is dependent on predetermined performance goals or metrics. If employees meet or exceed these goals, they are entitled to receive the shares. 5. Stock Appreciation Rights (SARS): SARS offer employees the right to receive the appreciation value of a certain number of shares over a predetermined period. Unlike options, employees are not required to purchase the shares but receive the monetary equivalent. The Indiana Stock Option and Stock Award Plan of American Stores Company serves as a valuable tool for attracting and retaining talented employees through stock-based incentives. By offering various options and awards, the company aims to strengthen employee loyalty, drive performance, and align employee interests with the company's long-term success.