Alameda California Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Alameda
• 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 Alameda California Stock Option and Stock Award Plan, implemented by the American Stores Company, is a comprehensive employee benefit program designed to incentivize employees and align their interests with the company's performance. As part of the plan, eligible employees are offered various stock options and stock awards, allowing them to acquire company shares or receive additional compensation based on their performance and dedication. One of the primary types of stock options in the Alameda California Stock Option and Stock Award Plan is the Non-Qualified Stock Option (NO). Nests are typically granted at a predetermined exercise price, allowing employees to purchase company shares at a fixed rate. These options provide employees with the opportunity to profit from any increase in the company's stock price. Additionally, Nests offer flexibility, as employees can exercise them at their discretion, subject to certain guidelines specified in the plan. Another type of stock option available under the program is the Incentive Stock Option (ISO). SOS are usually granted to key personnel and executives and offer preferential tax treatment compared to Nests. To qualify for the favorable tax treatment, SOS need to meet specific requirements outlined by the Internal Revenue Service (IRS). Employees who exercise SOS may benefit from capital gains tax rates upon selling the acquired shares, rather than being subject to ordinary income tax rates. In addition to stock options, the Alameda California Stock Option and Stock Award Plan can also provide employees with stock awards. These awards are typically given in the form of restricted stock units (RSS) or performance-based shares. RSS grant employees the right to receive company stock once certain vesting conditions, such as time-based or performance-based milestones, are met. On the other hand, performance-based shares are tied to the achievement of predefined performance targets, ensuring that employees are rewarded for their contribution towards the company's success. Under the Alameda California Stock Option and Stock Award Plan, employees have the opportunity to participate in the company's growth and share in its success. By offering various types of stock options and awards, American Stores Company aims to incentivize and retain talented individuals, foster a sense of ownership among employees, and enhance their commitment to the company's long-term goals.

The Alameda California Stock Option and Stock Award Plan, implemented by the American Stores Company, is a comprehensive employee benefit program designed to incentivize employees and align their interests with the company's performance. As part of the plan, eligible employees are offered various stock options and stock awards, allowing them to acquire company shares or receive additional compensation based on their performance and dedication. One of the primary types of stock options in the Alameda California Stock Option and Stock Award Plan is the Non-Qualified Stock Option (NO). Nests are typically granted at a predetermined exercise price, allowing employees to purchase company shares at a fixed rate. These options provide employees with the opportunity to profit from any increase in the company's stock price. Additionally, Nests offer flexibility, as employees can exercise them at their discretion, subject to certain guidelines specified in the plan. Another type of stock option available under the program is the Incentive Stock Option (ISO). SOS are usually granted to key personnel and executives and offer preferential tax treatment compared to Nests. To qualify for the favorable tax treatment, SOS need to meet specific requirements outlined by the Internal Revenue Service (IRS). Employees who exercise SOS may benefit from capital gains tax rates upon selling the acquired shares, rather than being subject to ordinary income tax rates. In addition to stock options, the Alameda California Stock Option and Stock Award Plan can also provide employees with stock awards. These awards are typically given in the form of restricted stock units (RSS) or performance-based shares. RSS grant employees the right to receive company stock once certain vesting conditions, such as time-based or performance-based milestones, are met. On the other hand, performance-based shares are tied to the achievement of predefined performance targets, ensuring that employees are rewarded for their contribution towards the company's success. Under the Alameda California Stock Option and Stock Award Plan, employees have the opportunity to participate in the company's growth and share in its success. By offering various types of stock options and awards, American Stores Company aims to incentivize and retain talented individuals, foster a sense of ownership among employees, and enhance their commitment to the company's long-term goals.