Contra Costa California Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Contra Costa
• 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 Contra Costa California Stock Option and Stock Award Plan, offered by the American Stores Company, is a comprehensive program that provides employees with the opportunity to obtain stock options and stock awards as part of their compensation package. This plan is designed to attract and retain top talent by giving them a stake in the company's growth and success, enhancing employee engagement and loyalty. The American Stores Company, headquartered in Contra Costa County, California, has developed this plan to provide its employees with various types of stock options and stock awards, including: 1. Non-Qualified Stock Options: These options give employees the right to purchase company stocks at a predetermined price, called the exercise price, for a specific period of time. Non-qualified stock options typically have more flexibility and are not subject to certain tax advantages. 2. Incentive Stock Options: These stock options are provided with specific tax advantages to employees, subject to certain conditions. The granted options can only be exercised if specific holding periods and other requirements are met. Incentive stock options can provide favorable tax treatment upon the sale of the acquired stock. 3. Restricted Stock Units (RSS): RSS are awards given to employees, granting them a specified number of company shares upon the fulfillment of certain vesting conditions. RSS have become increasingly popular in recent years as they provide employees with actual ownership in the company after the vesting period is complete. 4. Performance Stock Units (Plus): Plus are awards tied to predefined performance goals or metrics. Based on achieving these goals, employees are eligible to receive a certain number of company shares. Plus align employees' interests with the company's growth and profitability, promoting enhanced performance and focus. The Contra Costa California Stock Option and Stock Award Plan of American Stores Company further outlines the terms and conditions governing the eligibility, grant, exercise, vesting, and forfeiture of these stock options and stock awards. It includes provisions regarding stock price determination, change of control events, stockholder rights, and other relevant matters, ensuring fairness and transparency in the distribution and management of these benefits. By adopting the Contra Costa California Stock Option and Stock Award Plan, the American Stores Company demonstrates its commitment to reward and recognize its employees' contributions, while fostering a sense of ownership and alignment with the company's long-term success.

The Contra Costa California Stock Option and Stock Award Plan, offered by the American Stores Company, is a comprehensive program that provides employees with the opportunity to obtain stock options and stock awards as part of their compensation package. This plan is designed to attract and retain top talent by giving them a stake in the company's growth and success, enhancing employee engagement and loyalty. The American Stores Company, headquartered in Contra Costa County, California, has developed this plan to provide its employees with various types of stock options and stock awards, including: 1. Non-Qualified Stock Options: These options give employees the right to purchase company stocks at a predetermined price, called the exercise price, for a specific period of time. Non-qualified stock options typically have more flexibility and are not subject to certain tax advantages. 2. Incentive Stock Options: These stock options are provided with specific tax advantages to employees, subject to certain conditions. The granted options can only be exercised if specific holding periods and other requirements are met. Incentive stock options can provide favorable tax treatment upon the sale of the acquired stock. 3. Restricted Stock Units (RSS): RSS are awards given to employees, granting them a specified number of company shares upon the fulfillment of certain vesting conditions. RSS have become increasingly popular in recent years as they provide employees with actual ownership in the company after the vesting period is complete. 4. Performance Stock Units (Plus): Plus are awards tied to predefined performance goals or metrics. Based on achieving these goals, employees are eligible to receive a certain number of company shares. Plus align employees' interests with the company's growth and profitability, promoting enhanced performance and focus. The Contra Costa California Stock Option and Stock Award Plan of American Stores Company further outlines the terms and conditions governing the eligibility, grant, exercise, vesting, and forfeiture of these stock options and stock awards. It includes provisions regarding stock price determination, change of control events, stockholder rights, and other relevant matters, ensuring fairness and transparency in the distribution and management of these benefits. By adopting the Contra Costa California Stock Option and Stock Award Plan, the American Stores Company demonstrates its commitment to reward and recognize its employees' contributions, while fostering a sense of ownership and alignment with the company's long-term success.