Tennessee 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 Tennessee Stock Option and Stock Award Plan is a unique compensation scheme implemented by the American Stores Company based in Tennessee. This plan serves as a way for the company to reward its employees and incentivize their dedication and performance. By offering stock options and stock awards, American Stores Company aims to align the interests of its employees with the long-term success of the organization. One of the types of stock-based compensation under the Tennessee Stock Option and Stock Award Plan is known as stock options. Stock options provide employees with the opportunity to purchase company stock at a predetermined price, commonly referred to as the exercise price. These options usually have a specific time frame within which they can be exercised, giving employees the chance to benefit from any potential increase in the company's stock price. In addition to stock options, the American Stores Company also grants stock awards through its Tennessee Stock Option and Stock Award Plan. Stock awards, also known as restricted stock units (RSS), are granted to employees without requiring any payment or exercise price. These awards are typically subject to a vesting period during which the employee must fulfill certain conditions or remain with the company for a specified period. Once the stock awards vest, employees gain ownership and can sell or hold the shares. The Tennessee Stock Option and Stock Award Plan of the American Stores Company acknowledges the significance of employees' contributions and aims to retain and motivate them through the potential for stock ownership and appreciation. It helps foster a culture of shared success and creates a strong sense of loyalty among employees. This plan allows employees to become long-term stakeholders in the company, ensuring that their efforts directly impact the organization's overall growth and profitability. Keywords: Tennessee, Stock Option, Stock Award, American Stores Company, compensation scheme, reward, incentivize, employees, dedication, performance, stock options, exercise price, time frame, increase, stock price, stock awards, restricted stock units, RSS, vesting period, ownership, sell, hold, contributions, retain, motivate, stock ownership, appreciation, shared success, loyalty, stakeholders, growth, profitability.

The Tennessee Stock Option and Stock Award Plan is a unique compensation scheme implemented by the American Stores Company based in Tennessee. This plan serves as a way for the company to reward its employees and incentivize their dedication and performance. By offering stock options and stock awards, American Stores Company aims to align the interests of its employees with the long-term success of the organization. One of the types of stock-based compensation under the Tennessee Stock Option and Stock Award Plan is known as stock options. Stock options provide employees with the opportunity to purchase company stock at a predetermined price, commonly referred to as the exercise price. These options usually have a specific time frame within which they can be exercised, giving employees the chance to benefit from any potential increase in the company's stock price. In addition to stock options, the American Stores Company also grants stock awards through its Tennessee Stock Option and Stock Award Plan. Stock awards, also known as restricted stock units (RSS), are granted to employees without requiring any payment or exercise price. These awards are typically subject to a vesting period during which the employee must fulfill certain conditions or remain with the company for a specified period. Once the stock awards vest, employees gain ownership and can sell or hold the shares. The Tennessee Stock Option and Stock Award Plan of the American Stores Company acknowledges the significance of employees' contributions and aims to retain and motivate them through the potential for stock ownership and appreciation. It helps foster a culture of shared success and creates a strong sense of loyalty among employees. This plan allows employees to become long-term stakeholders in the company, ensuring that their efforts directly impact the organization's overall growth and profitability. Keywords: Tennessee, Stock Option, Stock Award, American Stores Company, compensation scheme, reward, incentivize, employees, dedication, performance, stock options, exercise price, time frame, increase, stock price, stock awards, restricted stock units, RSS, vesting period, ownership, sell, hold, contributions, retain, motivate, stock ownership, appreciation, shared success, loyalty, stakeholders, growth, profitability.