Massachusetts 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 Massachusetts Stock Option and Stock Award Plan of American Stores Company is a comprehensive compensation program that offers various benefits to employees. This plan aims to attract, retain, and motivate talented professionals by providing them with the opportunity to own a portion of the company and benefit from its future growth. Under the Massachusetts Stock Option and Stock Award Plan, employees are granted stock options and stock awards as a form of compensation. Stock options allow employees to purchase company stock at a predetermined price, known as the exercise price, within a specified time frame. This enables employees to share in the company's success and benefit from any increase in stock value over time. Additionally, stock awards are granted to employees as free shares of company stock, which become fully vested over a certain period. This type of award motivates employees to work towards the company's long-term goals and aligns their interests with those of the shareholders. The Massachusetts Stock Option and Stock Award Plan of American Stores Company consists of different types of stock options and stock awards, catering to the diverse needs and preferences of employees. Some of these options and awards include: 1. Incentive Stock Options (SOS): These stock options are granted to key employees and offer certain tax advantages. SOS must meet specific requirements outlined by the Internal Revenue Service (IRS). 2. Non-Qualified Stock Options (Nests): Unlike SOS, Nests do not meet the IRS requirements and may be granted to both key employees and non-executive staff. These options provide flexibility in terms of exercise price and timing. 3. Restricted Stock Units (RSS): RSS are stock awards that are subject to a vesting period. Upon vesting, employees receive actual shares of company stock. 4. Performance Stock Awards: These awards are contingent upon achieving specific performance goals set by the company. If the goals are met, employees receive shares of company stock. 5. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to receive cash or company stock equal to the increase in stock value over a predetermined period. Through the Massachusetts Stock Option and Stock Award Plan, American Stores Company aims to incentivize its employees, align their interests with those of the company, and foster a high-performance culture. This comprehensive compensation program serves as a valuable tool for attracting and retaining top talent in the highly competitive business landscape.

The Massachusetts Stock Option and Stock Award Plan of American Stores Company is a comprehensive compensation program that offers various benefits to employees. This plan aims to attract, retain, and motivate talented professionals by providing them with the opportunity to own a portion of the company and benefit from its future growth. Under the Massachusetts Stock Option and Stock Award Plan, employees are granted stock options and stock awards as a form of compensation. Stock options allow employees to purchase company stock at a predetermined price, known as the exercise price, within a specified time frame. This enables employees to share in the company's success and benefit from any increase in stock value over time. Additionally, stock awards are granted to employees as free shares of company stock, which become fully vested over a certain period. This type of award motivates employees to work towards the company's long-term goals and aligns their interests with those of the shareholders. The Massachusetts Stock Option and Stock Award Plan of American Stores Company consists of different types of stock options and stock awards, catering to the diverse needs and preferences of employees. Some of these options and awards include: 1. Incentive Stock Options (SOS): These stock options are granted to key employees and offer certain tax advantages. SOS must meet specific requirements outlined by the Internal Revenue Service (IRS). 2. Non-Qualified Stock Options (Nests): Unlike SOS, Nests do not meet the IRS requirements and may be granted to both key employees and non-executive staff. These options provide flexibility in terms of exercise price and timing. 3. Restricted Stock Units (RSS): RSS are stock awards that are subject to a vesting period. Upon vesting, employees receive actual shares of company stock. 4. Performance Stock Awards: These awards are contingent upon achieving specific performance goals set by the company. If the goals are met, employees receive shares of company stock. 5. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to receive cash or company stock equal to the increase in stock value over a predetermined period. Through the Massachusetts Stock Option and Stock Award Plan, American Stores Company aims to incentivize its employees, align their interests with those of the company, and foster a high-performance culture. This comprehensive compensation program serves as a valuable tool for attracting and retaining top talent in the highly competitive business landscape.