Fairfax Virginia Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Fairfax
• 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 Title: The Comprehensive Fairfax Virginia Stock Option and Stock Award Plans of American Stores Company Description: In this article, we will provide a detailed description of the Fairfax Virginia Stock Option and Stock Award Plan of American Stores Company, outlining the importance and benefits of these plans for employees. This comprehensive overview will cover various types of stock options and stock awards available. 1. Fairfax Virginia Stock Option Plan: The Fairfax Virginia Stock Option Plan is an employee incentive program offered by the American Stores Company, which allows eligible employees to purchase company stock at a predetermined price within a specified period. These options offer an excellent opportunity for employees to benefit from potential stock price appreciation. a. Non-Qualified Stock Options (Nests): Non-Qualified Stock Options are a commonly accessible stock option plan for eligible Fairfax Virginia employees. Nests can be exercised at any time and offer flexibility in terms of tax implications. b. Incentive Stock Options (SOS): Incentive Stock Options are typically granted to key employees and provide potential tax advantages. SOS have specific eligibility requirements and must be held for a certain period before being exercised. 2. Fairfax Virginia Stock Award Plan: The Fairfax Virginia Stock Award Plan is an additional employee benefit program offered by American Stores Company. Stock awards are given to employees as a reward or recognition for their exemplary performance, service longevity, or achievement of specific milestones. a. Restricted Stock Units (RSS): Restricted Stock Units represent a grant of company stock that is subject to a vesting period. Once the vesting conditions are met, the employee receives full ownership of the stock. RSS may have certain restrictions such as a lock-up period or performance-based milestones. b. Performance-Based Stock Awards: Performance-Based Stock Awards are granted based on predefined performance goals or objectives. These awards motivate employees to outperform while aligning their efforts with the company's strategic objectives. Once the performance criteria are met, employees receive a stock award. c. Employee Stock Purchase Plan (ESPN): American Stores Company may also provide an Employee Stock Purchase Plan in Fairfax, enabling employees to purchase company stock through payroll deductions at a discounted price. ESPN give employees the chance to become shareholders, fostering a sense of ownership. By offering these diverse stock option and stock award plans, American Stores Company emphasizes its commitment to rewarding employee commitment, performance, and loyalty, while aligning their interests with the long-term success of the organization. These employee-centric plans contribute to a positive work environment, fostering a culture of innovation and dedication among Fairfax Virginia employees.

Title: The Comprehensive Fairfax Virginia Stock Option and Stock Award Plans of American Stores Company Description: In this article, we will provide a detailed description of the Fairfax Virginia Stock Option and Stock Award Plan of American Stores Company, outlining the importance and benefits of these plans for employees. This comprehensive overview will cover various types of stock options and stock awards available. 1. Fairfax Virginia Stock Option Plan: The Fairfax Virginia Stock Option Plan is an employee incentive program offered by the American Stores Company, which allows eligible employees to purchase company stock at a predetermined price within a specified period. These options offer an excellent opportunity for employees to benefit from potential stock price appreciation. a. Non-Qualified Stock Options (Nests): Non-Qualified Stock Options are a commonly accessible stock option plan for eligible Fairfax Virginia employees. Nests can be exercised at any time and offer flexibility in terms of tax implications. b. Incentive Stock Options (SOS): Incentive Stock Options are typically granted to key employees and provide potential tax advantages. SOS have specific eligibility requirements and must be held for a certain period before being exercised. 2. Fairfax Virginia Stock Award Plan: The Fairfax Virginia Stock Award Plan is an additional employee benefit program offered by American Stores Company. Stock awards are given to employees as a reward or recognition for their exemplary performance, service longevity, or achievement of specific milestones. a. Restricted Stock Units (RSS): Restricted Stock Units represent a grant of company stock that is subject to a vesting period. Once the vesting conditions are met, the employee receives full ownership of the stock. RSS may have certain restrictions such as a lock-up period or performance-based milestones. b. Performance-Based Stock Awards: Performance-Based Stock Awards are granted based on predefined performance goals or objectives. These awards motivate employees to outperform while aligning their efforts with the company's strategic objectives. Once the performance criteria are met, employees receive a stock award. c. Employee Stock Purchase Plan (ESPN): American Stores Company may also provide an Employee Stock Purchase Plan in Fairfax, enabling employees to purchase company stock through payroll deductions at a discounted price. ESPN give employees the chance to become shareholders, fostering a sense of ownership. By offering these diverse stock option and stock award plans, American Stores Company emphasizes its commitment to rewarding employee commitment, performance, and loyalty, while aligning their interests with the long-term success of the organization. These employee-centric plans contribute to a positive work environment, fostering a culture of innovation and dedication among Fairfax Virginia employees.