Broward Florida Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Broward
• 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 Broward Florida Stock Option and Stock Award Plan, administered by the American Stores Company, is a comprehensive program designed to incentivize and reward employees through stock options and stock awards. This plan aims to align the interests of the employees with the overall success and growth of the company, fostering a sense of ownership and collective achievement. Under this plan, eligible employees have the opportunity to receive stock options, which are valuable financial instruments granting them the right to purchase company stock at a predetermined price within a specified time frame. These stock options serve as a motivating factor for employees to contribute to the long-term success of the company, as their value can increase based on the appreciation of the stock price. Additionally, the Stock Award component of the plan provides employees with actual shares of the company's stock rather than options. These stock awards may vest over time or based on the achievement of certain performance goals, incentivizing employees to remain committed to the company's objectives and results. Broward Florida Stock Option and Stock Award Plan of American Stores Company offers various types of stock options and stock awards. These include: 1. Non-Qualified Stock Options: These stock options do not qualify for preferential tax treatment and are typically given to employees at various levels within the organization. 2. Incentive Stock Options (SOS): These stock options are granted to specific employees and have special tax benefits. SOS are subject to specific holding period requirements and are generally more advantageous from a tax perspective. 3. Restricted Stock Awards: These stock awards are given to employees with certain restrictions on their sale or transfer for a specified period. Once the restrictions are lifted, employees can sell or transfer the stock. 4. Performance Stock Awards: These stock awards are granted based on the achievement of predetermined performance goals set by the company. The performance goals may include financial targets, market share growth, or other key milestones. It is important to note that the Broward Florida Stock Option and Stock Award Plan of American Stores Company is subject to specific terms and conditions outlined in legal documents, and participants should carefully review the plan documents and consult with financial and tax advisors for further guidance. Overall, the Broward Florida Stock Option and Stock Award Plan of American Stores Company serves as a valuable tool for attracting, retaining, and motivating employees by directly linking their financial incentives to the company's performance and success.

The Broward Florida Stock Option and Stock Award Plan, administered by the American Stores Company, is a comprehensive program designed to incentivize and reward employees through stock options and stock awards. This plan aims to align the interests of the employees with the overall success and growth of the company, fostering a sense of ownership and collective achievement. Under this plan, eligible employees have the opportunity to receive stock options, which are valuable financial instruments granting them the right to purchase company stock at a predetermined price within a specified time frame. These stock options serve as a motivating factor for employees to contribute to the long-term success of the company, as their value can increase based on the appreciation of the stock price. Additionally, the Stock Award component of the plan provides employees with actual shares of the company's stock rather than options. These stock awards may vest over time or based on the achievement of certain performance goals, incentivizing employees to remain committed to the company's objectives and results. Broward Florida Stock Option and Stock Award Plan of American Stores Company offers various types of stock options and stock awards. These include: 1. Non-Qualified Stock Options: These stock options do not qualify for preferential tax treatment and are typically given to employees at various levels within the organization. 2. Incentive Stock Options (SOS): These stock options are granted to specific employees and have special tax benefits. SOS are subject to specific holding period requirements and are generally more advantageous from a tax perspective. 3. Restricted Stock Awards: These stock awards are given to employees with certain restrictions on their sale or transfer for a specified period. Once the restrictions are lifted, employees can sell or transfer the stock. 4. Performance Stock Awards: These stock awards are granted based on the achievement of predetermined performance goals set by the company. The performance goals may include financial targets, market share growth, or other key milestones. It is important to note that the Broward Florida Stock Option and Stock Award Plan of American Stores Company is subject to specific terms and conditions outlined in legal documents, and participants should carefully review the plan documents and consult with financial and tax advisors for further guidance. Overall, the Broward Florida Stock Option and Stock Award Plan of American Stores Company serves as a valuable tool for attracting, retaining, and motivating employees by directly linking their financial incentives to the company's performance and success.