Kansas 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 Kansas Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to incentivize employee commitment and performance within the organization. This plan provides employees with the opportunity to acquire stocks and stock options as a form of compensation, aligning their interests with the company's long-term success. Under this plan, American Stores Company grants stock options to eligible employees, enabling them to purchase shares of the company's stock at a predetermined price during a specified period. These options typically have a vesting period, which means that employees must remain with the company for a certain duration before being able to exercise their options. The Kansas Stock Option and Stock Award Plan also includes stock awards as a means of rewarding employees for their contributions. Stock awards are given to employees in the form of actual shares of the company's stock, either as a gift or as part of a performance-based incentive program. These awards provide employees with ownership stakes in the company, encouraging them to work towards its growth and success. American Stores Company understands the importance of offering different types of stock options and stock awards that can cater to the diverse needs of its workforce. To this end, they have introduced several variations of the plan, including: 1. Incentive Stock Options (SOS): These options are subject to specific tax advantages and are typically granted to key employees. To qualify for SOS, employees must adhere to certain criteria defined by the Internal Revenue Service (IRS). 2. Non-Qualified Stock Options (Nests): Unlike SOS, Nests do not offer the same tax benefits but provide greater flexibility in terms of recipients. They are often granted to a broader range of employees. 3. Restricted Stock Units (RSS): Instead of offering stock options, RSS represent the right to receive shares of stock after a specified vesting period. These units are typically subject to performance-based conditions or time-based restrictions. 4. Performance Stock Units (Plus): Similar to RSS, Plus are awarded based on predetermined performance goals. Employees receive shares of stock if certain objectives are met, such as company revenue targets or individual performance metrics. The Kansas Stock Option and Stock Award Plan outlines specific terms and conditions for the various types of options and awards, including the vesting schedules, exercise prices, and eligibility criteria. By implementing this comprehensive program, American Stores Company aims to motivate and retain talented individuals, fostering a culture of ownership and collective success.

The Kansas Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to incentivize employee commitment and performance within the organization. This plan provides employees with the opportunity to acquire stocks and stock options as a form of compensation, aligning their interests with the company's long-term success. Under this plan, American Stores Company grants stock options to eligible employees, enabling them to purchase shares of the company's stock at a predetermined price during a specified period. These options typically have a vesting period, which means that employees must remain with the company for a certain duration before being able to exercise their options. The Kansas Stock Option and Stock Award Plan also includes stock awards as a means of rewarding employees for their contributions. Stock awards are given to employees in the form of actual shares of the company's stock, either as a gift or as part of a performance-based incentive program. These awards provide employees with ownership stakes in the company, encouraging them to work towards its growth and success. American Stores Company understands the importance of offering different types of stock options and stock awards that can cater to the diverse needs of its workforce. To this end, they have introduced several variations of the plan, including: 1. Incentive Stock Options (SOS): These options are subject to specific tax advantages and are typically granted to key employees. To qualify for SOS, employees must adhere to certain criteria defined by the Internal Revenue Service (IRS). 2. Non-Qualified Stock Options (Nests): Unlike SOS, Nests do not offer the same tax benefits but provide greater flexibility in terms of recipients. They are often granted to a broader range of employees. 3. Restricted Stock Units (RSS): Instead of offering stock options, RSS represent the right to receive shares of stock after a specified vesting period. These units are typically subject to performance-based conditions or time-based restrictions. 4. Performance Stock Units (Plus): Similar to RSS, Plus are awarded based on predetermined performance goals. Employees receive shares of stock if certain objectives are met, such as company revenue targets or individual performance metrics. The Kansas Stock Option and Stock Award Plan outlines specific terms and conditions for the various types of options and awards, including the vesting schedules, exercise prices, and eligibility criteria. By implementing this comprehensive program, American Stores Company aims to motivate and retain talented individuals, fostering a culture of ownership and collective success.