New York 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 New York Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to incentivize employees through the allocation of stock options and stock awards. This plan allows eligible employees of American Stores Company, a prominent corporation operating in New York, to acquire ownership in the company and share in its success. Under this program, there are various types of stock options and stock awards available to employees depending on their roles and performance. These options include: 1. Non-Qualified Stock Options: Non-qualified stock options grant employees the right to purchase company stock at a predetermined price within a specific timeframe. They offer flexibility in terms of exercise price and expiration date, and their profits are subject to regular income tax rates upon exercise. 2. Incentive Stock Options: Incentive stock options (SOS) provide employees with the opportunity to purchase company stock at a favorable price without immediate tax consequences. To qualify for SOS, employees must adhere to specific guidelines outlined by the Internal Revenue Service (IRS), such as holding the stocks for a specific period before selling them to enjoy favorable tax treatment. 3. Restricted Stock Units (RSS): RSS are actual shares of stock awarded to employees that vest over time or upon achieving predetermined milestones. Unlike stock options, RSS do not require employees to purchase shares; instead, they receive the stock units as part of their compensation package. RSS often come with restrictions on selling or transferring the shares until they fully vest. 4. Performance Stock Units (Plus): Plus are similar to RSS but are granted based on the achievement of specific performance goals. Employees receive shares once these predetermined goals are met, usually over a specific performance period. Plus encourage long-term performance and tie employees' rewards directly to the company's success. Through the New York Stock Option and Stock Award Plan, American Stores Company aims to motivate and retain talented employees, aligning their interests with the overall growth and profitability of the organization. This plan fosters a sense of ownership, encourages long-term commitment, and allows employees to participate in the company's financial performance by acquiring company stock. Keywords: New York Stock Option, Stock Award Plan, American Stores Company, stock options, stock awards, non-qualified stock options, incentive stock options, restricted stock units, RSS, performance stock units, Plus, employee incentives, employee ownership, share-based compensation, employee retention, company stock.

The New York Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to incentivize employees through the allocation of stock options and stock awards. This plan allows eligible employees of American Stores Company, a prominent corporation operating in New York, to acquire ownership in the company and share in its success. Under this program, there are various types of stock options and stock awards available to employees depending on their roles and performance. These options include: 1. Non-Qualified Stock Options: Non-qualified stock options grant employees the right to purchase company stock at a predetermined price within a specific timeframe. They offer flexibility in terms of exercise price and expiration date, and their profits are subject to regular income tax rates upon exercise. 2. Incentive Stock Options: Incentive stock options (SOS) provide employees with the opportunity to purchase company stock at a favorable price without immediate tax consequences. To qualify for SOS, employees must adhere to specific guidelines outlined by the Internal Revenue Service (IRS), such as holding the stocks for a specific period before selling them to enjoy favorable tax treatment. 3. Restricted Stock Units (RSS): RSS are actual shares of stock awarded to employees that vest over time or upon achieving predetermined milestones. Unlike stock options, RSS do not require employees to purchase shares; instead, they receive the stock units as part of their compensation package. RSS often come with restrictions on selling or transferring the shares until they fully vest. 4. Performance Stock Units (Plus): Plus are similar to RSS but are granted based on the achievement of specific performance goals. Employees receive shares once these predetermined goals are met, usually over a specific performance period. Plus encourage long-term performance and tie employees' rewards directly to the company's success. Through the New York Stock Option and Stock Award Plan, American Stores Company aims to motivate and retain talented employees, aligning their interests with the overall growth and profitability of the organization. This plan fosters a sense of ownership, encourages long-term commitment, and allows employees to participate in the company's financial performance by acquiring company stock. Keywords: New York Stock Option, Stock Award Plan, American Stores Company, stock options, stock awards, non-qualified stock options, incentive stock options, restricted stock units, RSS, performance stock units, Plus, employee incentives, employee ownership, share-based compensation, employee retention, company stock.