Bronx New York Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Bronx
• 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 Bronx New York Stock Option and Stock Award Plan of American Stores Company is a comprehensive plan designed to offer incentives to employees through stock options and stock awards. These plans provide an opportunity for employees to become shareholders of the company, allowing them to share in the company's success and potentially benefit from its growth. The Stock Option Plan is one of the key components of the Bronx New York Stock Option and Stock Award Plan. It offers employees the right to purchase company stock at a predetermined price, commonly referred to as the exercise price. These options are typically granted to employees as a reward for their contribution to the company's performance and are subject to specific conditions and vesting schedules. The Stock Award Plan, on the other hand, focuses on granting employees actual shares of the company's stock. These awards are typically based on predetermined criteria, such as job performance, tenure, or other relevant factors. Employees who receive stock awards become immediate shareholders with all the associated rights and privileges. The Bronx New York Stock Option and Stock Award Plan of American Stores Company may consist of different types of stock options and awards, tailored to meet the diverse needs of employees. Some common types of stock options include: 1. Non-Qualified Stock Options (Nests): These stock options do not meet specific IRS requirements and are subject to ordinary income tax upon exercise. 2. Incentive Stock Options (SOS): SOS are granted with specific tax advantages. If certain requirements are met, employees may enjoy lower tax rates on the gains made from the exercise of SOS. 3. Restricted Stock Units (RSS): RSS are a form of stock award where employees receive a promise to be paid in company shares at a predetermined time, subject to vesting conditions. Upon vesting, RSS are typically converted into actual company shares. 4. Performance Stock Units (Plus): Plus are a type of stock award that depends on the achievement of specific performance goals, such as revenue targets or stock price milestones. Employees receive shares based on their performance against these goals. It is important to note that the specific types of stock options and stock awards within the Bronx New York Stock Option and Stock Award Plan may vary based on the American Stores Company's internal policies and regulations. Employees must refer to the plan documents and consult with HR or management for precise details regarding eligibility, conditions, vesting periods, and tax implications associated with these plans.

The Bronx New York Stock Option and Stock Award Plan of American Stores Company is a comprehensive plan designed to offer incentives to employees through stock options and stock awards. These plans provide an opportunity for employees to become shareholders of the company, allowing them to share in the company's success and potentially benefit from its growth. The Stock Option Plan is one of the key components of the Bronx New York Stock Option and Stock Award Plan. It offers employees the right to purchase company stock at a predetermined price, commonly referred to as the exercise price. These options are typically granted to employees as a reward for their contribution to the company's performance and are subject to specific conditions and vesting schedules. The Stock Award Plan, on the other hand, focuses on granting employees actual shares of the company's stock. These awards are typically based on predetermined criteria, such as job performance, tenure, or other relevant factors. Employees who receive stock awards become immediate shareholders with all the associated rights and privileges. The Bronx New York Stock Option and Stock Award Plan of American Stores Company may consist of different types of stock options and awards, tailored to meet the diverse needs of employees. Some common types of stock options include: 1. Non-Qualified Stock Options (Nests): These stock options do not meet specific IRS requirements and are subject to ordinary income tax upon exercise. 2. Incentive Stock Options (SOS): SOS are granted with specific tax advantages. If certain requirements are met, employees may enjoy lower tax rates on the gains made from the exercise of SOS. 3. Restricted Stock Units (RSS): RSS are a form of stock award where employees receive a promise to be paid in company shares at a predetermined time, subject to vesting conditions. Upon vesting, RSS are typically converted into actual company shares. 4. Performance Stock Units (Plus): Plus are a type of stock award that depends on the achievement of specific performance goals, such as revenue targets or stock price milestones. Employees receive shares based on their performance against these goals. It is important to note that the specific types of stock options and stock awards within the Bronx New York Stock Option and Stock Award Plan may vary based on the American Stores Company's internal policies and regulations. Employees must refer to the plan documents and consult with HR or management for precise details regarding eligibility, conditions, vesting periods, and tax implications associated with these plans.