Kentucky 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 Kentucky Stock Option and Stock Award Plan is a comprehensive program offered by the American Stores Company, a prominent company based in Kentucky, United States. This plan is designed to incentivize and reward employees by giving them the opportunity to acquire company stock through stock options and stock awards. One of the main components of the Kentucky Stock Option and Stock Award Plan is the stock option. A stock option is a contract between the employee and the company, granting the employee the right to purchase a certain number of company shares at a predetermined price within a specified period. This is typically done to motivate employees to contribute to the company's success and align their interests with the shareholders'. In addition to stock options, the American Stores Company also provides stock awards through the Kentucky Stock Option and Stock Award Plan. Stock awards are a form of compensation where eligible employees receive company shares as a reward for exceptional performance or certain milestones achieved. These awards may come in the form of restricted stock units (RSS) or performance-based stock grants, which provide additional motivations for employees to excel in their roles. The Kentucky Stock Option and Stock Award Plan encompasses various types of stock options and awards to cater to different employee needs. Some different types of stock options include non-qualified stock options (Nests) and incentive stock options (SOS). Nests provide greater flexibility in terms of exercise price and taxation but may be subject to additional taxes upon exercise. SOS, on the other hand, offer potential tax advantages but come with more stringent qualifying conditions. Regarding stock awards, the American Stores Company may grant restricted stock units (RSS) which are company shares granted to employees but subject to future vesting and certain restrictions. Additionally, performance-based stock grants are awarded based on predetermined performance metrics, ensuring that employees are rewarded for achieving specific goals and objectives. Through the various types of stock options and stock awards offered under the Kentucky Stock Option and Stock Award Plan, the American Stores Company aims to foster employee engagement, retention, and motivate them towards achieving the company's strategic objectives. By aligning employee interests with the company's stock performance, this plan encourages employees to contribute to the overall growth and success of the organization.

The Kentucky Stock Option and Stock Award Plan is a comprehensive program offered by the American Stores Company, a prominent company based in Kentucky, United States. This plan is designed to incentivize and reward employees by giving them the opportunity to acquire company stock through stock options and stock awards. One of the main components of the Kentucky Stock Option and Stock Award Plan is the stock option. A stock option is a contract between the employee and the company, granting the employee the right to purchase a certain number of company shares at a predetermined price within a specified period. This is typically done to motivate employees to contribute to the company's success and align their interests with the shareholders'. In addition to stock options, the American Stores Company also provides stock awards through the Kentucky Stock Option and Stock Award Plan. Stock awards are a form of compensation where eligible employees receive company shares as a reward for exceptional performance or certain milestones achieved. These awards may come in the form of restricted stock units (RSS) or performance-based stock grants, which provide additional motivations for employees to excel in their roles. The Kentucky Stock Option and Stock Award Plan encompasses various types of stock options and awards to cater to different employee needs. Some different types of stock options include non-qualified stock options (Nests) and incentive stock options (SOS). Nests provide greater flexibility in terms of exercise price and taxation but may be subject to additional taxes upon exercise. SOS, on the other hand, offer potential tax advantages but come with more stringent qualifying conditions. Regarding stock awards, the American Stores Company may grant restricted stock units (RSS) which are company shares granted to employees but subject to future vesting and certain restrictions. Additionally, performance-based stock grants are awarded based on predetermined performance metrics, ensuring that employees are rewarded for achieving specific goals and objectives. Through the various types of stock options and stock awards offered under the Kentucky Stock Option and Stock Award Plan, the American Stores Company aims to foster employee engagement, retention, and motivate them towards achieving the company's strategic objectives. By aligning employee interests with the company's stock performance, this plan encourages employees to contribute to the overall growth and success of the organization.