Franklin Ohio Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Franklin
• 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 Franklin Ohio Stock Option and Stock Award Plan of American Stores Company is a program that offers employees of the company the opportunity to purchase company stock at a predetermined price within a specified period of time. This employee benefit plan encourages long-term commitment and aligns the interests of employees with the success and performance of the company. The Franklin Ohio Stock Option and Stock Award Plan consist of several types of stock-based incentives that enable employees to participate in the ownership of the company, thereby promoting motivation, retention, and loyalty. These different types of plans include: 1. Stock Options: This type of plan grants employees the right (but not the obligation) to purchase company shares at a fixed price, known as the exercise price or strike price, within a specified period. Stock options are often subject to a vesting schedule, encouraging employees to stay with the company for a certain duration before exercising their options. 2. Restricted Stock Units (RSS): RSS are awards that entitle employees to receive company shares after a vesting period. Unlike stock options, RSS do not require employees to purchase the shares but rather grant them upon the fulfillment of specific vesting conditions, such as continued employment or meeting performance goals. 3. Performance Shares: Performance shares are similar to RSS, but their vesting is contingent upon the achievement of predetermined performance goals, such as revenue targets or stock price appreciation. These awards incentivize employees to contribute to the company's growth and success. 4. Employee Stock Purchase Plan (ESPN): This plan enables employees to purchase company stock at a discounted price, often using payroll deductions. ESPN typically have defined offering periods during which employees can enroll and accumulate shares. The Franklin Ohio Stock Option and Stock Award Plan of American Stores Company aims to attract and retain talented individuals by offering them an opportunity to share in the company's success and participate in its long-term growth. By providing employees with ownership stakes in the company, it fosters a culture of ownership, teamwork, and alignment with the company's strategic objectives. Overall, the Franklin Ohio Stock Option and Stock Award Plan play a significant role in American Stores Company's employee engagement and retention strategy, ensuring that employees are incentivized to contribute to the company's growth and success while also fostering a sense of ownership and loyalty among its workforce.

Franklin Ohio Stock Option and Stock Award Plan of American Stores Company is a program that offers employees of the company the opportunity to purchase company stock at a predetermined price within a specified period of time. This employee benefit plan encourages long-term commitment and aligns the interests of employees with the success and performance of the company. The Franklin Ohio Stock Option and Stock Award Plan consist of several types of stock-based incentives that enable employees to participate in the ownership of the company, thereby promoting motivation, retention, and loyalty. These different types of plans include: 1. Stock Options: This type of plan grants employees the right (but not the obligation) to purchase company shares at a fixed price, known as the exercise price or strike price, within a specified period. Stock options are often subject to a vesting schedule, encouraging employees to stay with the company for a certain duration before exercising their options. 2. Restricted Stock Units (RSS): RSS are awards that entitle employees to receive company shares after a vesting period. Unlike stock options, RSS do not require employees to purchase the shares but rather grant them upon the fulfillment of specific vesting conditions, such as continued employment or meeting performance goals. 3. Performance Shares: Performance shares are similar to RSS, but their vesting is contingent upon the achievement of predetermined performance goals, such as revenue targets or stock price appreciation. These awards incentivize employees to contribute to the company's growth and success. 4. Employee Stock Purchase Plan (ESPN): This plan enables employees to purchase company stock at a discounted price, often using payroll deductions. ESPN typically have defined offering periods during which employees can enroll and accumulate shares. The Franklin Ohio Stock Option and Stock Award Plan of American Stores Company aims to attract and retain talented individuals by offering them an opportunity to share in the company's success and participate in its long-term growth. By providing employees with ownership stakes in the company, it fosters a culture of ownership, teamwork, and alignment with the company's strategic objectives. Overall, the Franklin Ohio Stock Option and Stock Award Plan play a significant role in American Stores Company's employee engagement and retention strategy, ensuring that employees are incentivized to contribute to the company's growth and success while also fostering a sense of ownership and loyalty among its workforce.