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 Cook Illinois Stock Option and Stock Award Plan of American Stores Company is a comprehensive employee compensation program designed to provide incentives to employees through stock options and stock awards. This plan aims to align the interests of employees with the success of the company, fostering loyalty and dedication among the workforce. Under this plan, employees are granted the opportunity to receive stock options, which allow them to purchase a specified number of company shares at a predetermined price, known as the exercise price. These stock options are typically subject to vesting, meaning that employees must fulfill certain conditions, such as a specified period of service, before exercising their options. The Cook Illinois Stock Option and Stock Award Plan also includes stock awards, which are direct grants of company shares to employees. Unlike stock options, stock awards do not require employees to purchase shares, as they are granted outright. These awards may also be subject to vesting, ensuring employees' continued dedication to the company. The plan also offers different types of stock options and stock awards, providing flexibility to employees based on their needs and preferences. Some common types of stock options include incentive stock options (SOS) and non-qualified stock options (Nests). SOS provide potential tax advantages to employees, while Nests are more flexible in terms of eligibility and taxation. Additionally, there may be various types of stock awards granted under the Cook Illinois Stock Option and Stock Award Plan. These could include restricted stock units (RSS), performance-based stock awards, and stock appreciation rights (SARS). RSS are typically subject to vesting and conversion into company shares, while performance-based stock awards are granted based on specific performance goals or metrics. SARS, on the other hand, entitle employees to the appreciation in the company's stock value. In conclusion, the Cook Illinois Stock Option and Stock Award Plan of American Stores Company is a comprehensive compensation program that provides employees with the opportunity to receive stock options and stock awards. By aligning employee interests with the company's performance, this plan aims to motivate and retain talented individuals within the organization. With various types of stock options and stock awards available, employees have the flexibility to choose what suits them best, ensuring a balanced and equitable approach to compensation.
The Cook Illinois Stock Option and Stock Award Plan of American Stores Company is a comprehensive employee compensation program designed to provide incentives to employees through stock options and stock awards. This plan aims to align the interests of employees with the success of the company, fostering loyalty and dedication among the workforce. Under this plan, employees are granted the opportunity to receive stock options, which allow them to purchase a specified number of company shares at a predetermined price, known as the exercise price. These stock options are typically subject to vesting, meaning that employees must fulfill certain conditions, such as a specified period of service, before exercising their options. The Cook Illinois Stock Option and Stock Award Plan also includes stock awards, which are direct grants of company shares to employees. Unlike stock options, stock awards do not require employees to purchase shares, as they are granted outright. These awards may also be subject to vesting, ensuring employees' continued dedication to the company. The plan also offers different types of stock options and stock awards, providing flexibility to employees based on their needs and preferences. Some common types of stock options include incentive stock options (SOS) and non-qualified stock options (Nests). SOS provide potential tax advantages to employees, while Nests are more flexible in terms of eligibility and taxation. Additionally, there may be various types of stock awards granted under the Cook Illinois Stock Option and Stock Award Plan. These could include restricted stock units (RSS), performance-based stock awards, and stock appreciation rights (SARS). RSS are typically subject to vesting and conversion into company shares, while performance-based stock awards are granted based on specific performance goals or metrics. SARS, on the other hand, entitle employees to the appreciation in the company's stock value. In conclusion, the Cook Illinois Stock Option and Stock Award Plan of American Stores Company is a comprehensive compensation program that provides employees with the opportunity to receive stock options and stock awards. By aligning employee interests with the company's performance, this plan aims to motivate and retain talented individuals within the organization. With various types of stock options and stock awards available, employees have the flexibility to choose what suits them best, ensuring a balanced and equitable approach to compensation.