Ohio 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 Ohio Stock Option and Stock Award Plan of American Stores Company is a comprehensive program that offers various stock-based incentives to eligible employees of the company. Designed to attract, retain, and motivate employees, this plan allows participants to acquire stocks in American Stores Company, enhancing their personal financial growth and aligning their interests with the company's success. The Ohio Stock Option and Stock Award Plan comprise different types of stock-based rewards, including stock options and stock awards. The stock options granted to eligible employees allow them to purchase company stocks at a predetermined price, known as the exercise price, within a specified period. This enables employees to benefit from the appreciation in stock value over time, thereby encouraging their dedication and loyalty to the organization's growth. Furthermore, the Stock Award component of this plan provides employees with actual shares of American Stores Company stock. These awards are generally subject to certain vesting requirements, ensuring that employees remain committed to the organization for a predetermined period. Once vested, participants gain complete ownership of the awarded shares, allowing them to benefit from any future appreciation in stock value or receive dividends. The Ohio Stock Option and Stock Award Plan of American Stores Company play a pivotal role in fostering a culture of ownership and incentivizing employees to contribute to the long-term success of the company. By offering stock-based incentives, American Stores Company ensures that its employees are motivated to work towards enhancing shareholder value and overall organizational performance. Overall, the Ohio Stock Option and Stock Award Plan provide American Stores Company employees with the opportunity to share in the company's success, align their interests with those of shareholders, and contribute to the sustained growth of the organization.

The Ohio Stock Option and Stock Award Plan of American Stores Company is a comprehensive program that offers various stock-based incentives to eligible employees of the company. Designed to attract, retain, and motivate employees, this plan allows participants to acquire stocks in American Stores Company, enhancing their personal financial growth and aligning their interests with the company's success. The Ohio Stock Option and Stock Award Plan comprise different types of stock-based rewards, including stock options and stock awards. The stock options granted to eligible employees allow them to purchase company stocks at a predetermined price, known as the exercise price, within a specified period. This enables employees to benefit from the appreciation in stock value over time, thereby encouraging their dedication and loyalty to the organization's growth. Furthermore, the Stock Award component of this plan provides employees with actual shares of American Stores Company stock. These awards are generally subject to certain vesting requirements, ensuring that employees remain committed to the organization for a predetermined period. Once vested, participants gain complete ownership of the awarded shares, allowing them to benefit from any future appreciation in stock value or receive dividends. The Ohio Stock Option and Stock Award Plan of American Stores Company play a pivotal role in fostering a culture of ownership and incentivizing employees to contribute to the long-term success of the company. By offering stock-based incentives, American Stores Company ensures that its employees are motivated to work towards enhancing shareholder value and overall organizational performance. Overall, the Ohio Stock Option and Stock Award Plan provide American Stores Company employees with the opportunity to share in the company's success, align their interests with those of shareholders, and contribute to the sustained growth of the organization.