Washington 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 Washington Stock Option and Stock Award Plan of American Stores Company is a comprehensive compensation program designed to incentivize and reward the employees of the company based in Washington, D.C. This plan offers various types of stock options and stock awards, allowing employees to benefit from the company's financial growth and success. One of the key types of stock options available in this plan is the "Non-Qualified Stock Option." Non-Qualified Stock Options provide employees with the right to purchase company stocks at a predetermined price within a specified timeframe. These options are typically granted to employees at a discounted price, thereby providing them with a potential financial gain if the stock price increases over time. Another type of stock option offered under this plan is the "Incentive Stock Option." Incentive Stock Options are generally granted to a select group of employees and provide certain tax advantages. Employees receive these options with the aim of encouraging loyalty, performance, and long-term commitment to the company. Aside from stock options, the Washington Stock Option and Stock Award Plan also includes stock awards, which are a form of direct equity compensation. Stock awards grant employees a specific number of company shares, often subject to a vesting period or performance-based criteria. These awards act as a tangible representation of an employee's ownership in the company, further aligning their interests with those of American Stores Company's shareholders. The purpose of these stock options and stock awards is to motivate and retain talented employees by fostering a sense of ownership and financial connection to the company's success. By providing employees with the opportunity to share in the company's growth, the plan aims to incentivize greater efforts and a commitment to achieving American Stores Company's goals. It is important to note that the specific terms and conditions of the Washington Stock Option and Stock Award Plan of American Stores Company may vary based on the employee's position, level, and performance. These variations ensure that the plan remains flexible and tailored to meet the specific needs and objectives of the company and its employees.

The Washington Stock Option and Stock Award Plan of American Stores Company is a comprehensive compensation program designed to incentivize and reward the employees of the company based in Washington, D.C. This plan offers various types of stock options and stock awards, allowing employees to benefit from the company's financial growth and success. One of the key types of stock options available in this plan is the "Non-Qualified Stock Option." Non-Qualified Stock Options provide employees with the right to purchase company stocks at a predetermined price within a specified timeframe. These options are typically granted to employees at a discounted price, thereby providing them with a potential financial gain if the stock price increases over time. Another type of stock option offered under this plan is the "Incentive Stock Option." Incentive Stock Options are generally granted to a select group of employees and provide certain tax advantages. Employees receive these options with the aim of encouraging loyalty, performance, and long-term commitment to the company. Aside from stock options, the Washington Stock Option and Stock Award Plan also includes stock awards, which are a form of direct equity compensation. Stock awards grant employees a specific number of company shares, often subject to a vesting period or performance-based criteria. These awards act as a tangible representation of an employee's ownership in the company, further aligning their interests with those of American Stores Company's shareholders. The purpose of these stock options and stock awards is to motivate and retain talented employees by fostering a sense of ownership and financial connection to the company's success. By providing employees with the opportunity to share in the company's growth, the plan aims to incentivize greater efforts and a commitment to achieving American Stores Company's goals. It is important to note that the specific terms and conditions of the Washington Stock Option and Stock Award Plan of American Stores Company may vary based on the employee's position, level, and performance. These variations ensure that the plan remains flexible and tailored to meet the specific needs and objectives of the company and its employees.