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
Stock Option and Stock Award Plan of American Stores Company
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FAQ
Many businesses issue various forms of equity to key employees. They do this because it helps align interests and puts the business as a whole in the best possible position to succeed. Companies commonly issue stock options to their employees instead of common stock.
Companies award (or "grant") options to their employees. These allow the employees the right to buy shares of the company at a set price (also know as the "strike price" or "award price") within a certain span of time (usually several years).
Stock options are a form of compensation. Companies can grant them to employees, contractors, consultants and investors. These options, which are contracts, give an employee the right to buy or exercise a set number of shares of the company stock at a pre-set price, also known as the grant price.
This right has the potential to be very valuable. If the future stock price equals the grant price or is lower than the grant price (a bad market), your stock options have no current value. The value in the stock option lies in the opportunity to profit if the stock price goes up in the future.
During times of stock market volatility, stock options can be valued less than the employee cost, making them worthless. Stock grants always retain at least some value because the employee did not purchase them outright.Stock grants remove that mishap by granting the stock to the employee outright.