West Virginia 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 West Virginia Stock Option and Stock Award Plan of American Stores Company is a comprehensive employee benefit program that offers various types of financial incentives to its eligible employees in West Virginia. This plan provides employees with the opportunity to acquire company stock options and stock awards as part of their overall compensation package. These incentives can play a significant role in attracting and retaining talented professionals, motivating them to contribute to the company's growth and success. The West Virginia Stock Option and Stock Award Plan includes several types of stock-based compensation options, customized to meet employees' diverse needs and goals. Some different types of plans under this program are: 1. Stock Option Plan: The stock option plan provides eligible employees the right to purchase a specified number of company shares at a predetermined price, called the exercise price, within a specified period. This option allows employees to benefit from any potential increase in the company's stock price during the exercise period. 2. Restricted Stock Awards: Restricted stock awards offer eligible employees the opportunity to receive a predetermined number of company shares as a reward for their performance or tenure with the company. However, these shares are subject to certain restrictions, such as a vesting schedule or performance goals, which must be met before the employee gains full ownership of the shares. 3. Performance Stock Units (Plus): Performance stock units are similar to restricted stock awards but are granted based on specific performance criteria, such as achieving financial targets or operational goals. These units convert into company shares once the performance goals are met, providing employees with a direct stake in the company's success. 4. Employee Stock Purchase Plan (ESPN): The ESPN allows eligible employees to purchase company stock at a discounted price through regular payroll deductions. This plan encourages employees to invest in the company's stock and benefit from any potential appreciation in its value. Overall, the West Virginia Stock Option and Stock Award Plan aim to align the interests of employees with the company's long-term success and growth. By offering various types of stock-based incentives, the plan encourages employees to contribute their best efforts, promote loyalty, and ultimately create a mutually beneficial relationship between the company and its workforce.

The West Virginia Stock Option and Stock Award Plan of American Stores Company is a comprehensive employee benefit program that offers various types of financial incentives to its eligible employees in West Virginia. This plan provides employees with the opportunity to acquire company stock options and stock awards as part of their overall compensation package. These incentives can play a significant role in attracting and retaining talented professionals, motivating them to contribute to the company's growth and success. The West Virginia Stock Option and Stock Award Plan includes several types of stock-based compensation options, customized to meet employees' diverse needs and goals. Some different types of plans under this program are: 1. Stock Option Plan: The stock option plan provides eligible employees the right to purchase a specified number of company shares at a predetermined price, called the exercise price, within a specified period. This option allows employees to benefit from any potential increase in the company's stock price during the exercise period. 2. Restricted Stock Awards: Restricted stock awards offer eligible employees the opportunity to receive a predetermined number of company shares as a reward for their performance or tenure with the company. However, these shares are subject to certain restrictions, such as a vesting schedule or performance goals, which must be met before the employee gains full ownership of the shares. 3. Performance Stock Units (Plus): Performance stock units are similar to restricted stock awards but are granted based on specific performance criteria, such as achieving financial targets or operational goals. These units convert into company shares once the performance goals are met, providing employees with a direct stake in the company's success. 4. Employee Stock Purchase Plan (ESPN): The ESPN allows eligible employees to purchase company stock at a discounted price through regular payroll deductions. This plan encourages employees to invest in the company's stock and benefit from any potential appreciation in its value. Overall, the West Virginia Stock Option and Stock Award Plan aim to align the interests of employees with the company's long-term success and growth. By offering various types of stock-based incentives, the plan encourages employees to contribute their best efforts, promote loyalty, and ultimately create a mutually beneficial relationship between the company and its workforce.