Utah 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 Utah Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to incentivize and reward employees of the company with stock options and stock awards. This plan aims to align the interests of employees with the long-term success and growth of American Stores Company. The Utah Stock Option and Stock Award Plan offers various types of awards and options to employees based on their performance and contributions to the company. Employees have the opportunity to receive stock options, which grant them the right to purchase a certain number of company shares at a predetermined price within a specific timeframe. There are several types of stock options available under this plan. One type is the Non-Qualified Stock Option (NO), which is generally available to all employees and allows them to purchase company shares at a price that is typically equal to the fair market value at the time of grant. Another type is the Incentive Stock Option (ISO), which may have certain tax advantages for employees but also comes with specific eligibility criteria and limitations. In addition to stock options, the Utah Stock Option and Stock Award Plan also offers stock awards to employees. Stock awards are grants of company shares that vest over a certain period of time or upon achieving certain performance goals. These awards provide employees with ownership in the company and give them a stake in its success. The American Stores Company has implemented this plan to attract, retain, and motivate talented employees by providing them with the opportunity to share in the company's growth and success. This program serves as a powerful incentive for employees to perform at their best and contribute to the overall success of the organization. Overall, the Utah Stock Option and Stock Award Plan of American Stores Company is a comprehensive program that aims to align the interests of employees with the company's long-term success. Through various types of stock options and stock awards, employees have the opportunity to participate in the growth of the company, fostering a sense of ownership and motivation.

The Utah Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to incentivize and reward employees of the company with stock options and stock awards. This plan aims to align the interests of employees with the long-term success and growth of American Stores Company. The Utah Stock Option and Stock Award Plan offers various types of awards and options to employees based on their performance and contributions to the company. Employees have the opportunity to receive stock options, which grant them the right to purchase a certain number of company shares at a predetermined price within a specific timeframe. There are several types of stock options available under this plan. One type is the Non-Qualified Stock Option (NO), which is generally available to all employees and allows them to purchase company shares at a price that is typically equal to the fair market value at the time of grant. Another type is the Incentive Stock Option (ISO), which may have certain tax advantages for employees but also comes with specific eligibility criteria and limitations. In addition to stock options, the Utah Stock Option and Stock Award Plan also offers stock awards to employees. Stock awards are grants of company shares that vest over a certain period of time or upon achieving certain performance goals. These awards provide employees with ownership in the company and give them a stake in its success. The American Stores Company has implemented this plan to attract, retain, and motivate talented employees by providing them with the opportunity to share in the company's growth and success. This program serves as a powerful incentive for employees to perform at their best and contribute to the overall success of the organization. Overall, the Utah Stock Option and Stock Award Plan of American Stores Company is a comprehensive program that aims to align the interests of employees with the company's long-term success. Through various types of stock options and stock awards, employees have the opportunity to participate in the growth of the company, fostering a sense of ownership and motivation.