Hennepin Minnesota Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Hennepin
• 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 Hennepin Minnesota Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to provide valuable incentives for employees and promote their long-term commitment and involvement with the company. This plan offers various types of stock options and stock awards to eligible employees. One type of stock option available under the Hennepin Minnesota Stock Option and Stock Award Plan is the nonqualified stock option. This type of option grants employees the right to purchase company stock at a predetermined exercise price, which is often lower than the current market price. Nonqualified stock options typically vest over a certain period and can be exercised at the employee's discretion within a specified timeframe. Another type of stock option provided by the plan is the incentive stock option. These options are granted exclusively to key employees and can offer significant tax advantages. Incentive stock options have strict eligibility requirements and must adhere to certain rules set by the Internal Revenue Service. They also have specific holding periods that need to be met for favorable tax treatment. In addition to stock options, the Hennepin Minnesota Stock Option and Stock Award Plan also includes stock awards. Stock awards are grants of company stock that are given to employees outright, without the need for purchase. These awards can be subject to vesting requirements, where the ownership of the stock is contingent on the employee's continued employment with the company over a specified period. The Hennepin Minnesota Stock Option and Stock Award Plan is designed to align the interests of employees with those of the company's shareholders. By providing employees with the opportunity to become shareholders themselves, the plan promotes a sense of ownership and encourages long-term commitment to the company's success. Employees who participate in the Hennepin Minnesota Stock Option and Stock Award Plan have the potential to benefit from stock price appreciation, which can result in significant financial gains. Moreover, this program serves as an effective tool for attracting and retaining talented individuals, recognizing their contributions, and fostering a culture of performance and loyalty within the organization. Overall, the Hennepin Minnesota Stock Option and Stock Award Plan of American Stores Company exemplify the company's commitment to fostering employee engagement and rewarding their long-term dedication.

The Hennepin Minnesota Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to provide valuable incentives for employees and promote their long-term commitment and involvement with the company. This plan offers various types of stock options and stock awards to eligible employees. One type of stock option available under the Hennepin Minnesota Stock Option and Stock Award Plan is the nonqualified stock option. This type of option grants employees the right to purchase company stock at a predetermined exercise price, which is often lower than the current market price. Nonqualified stock options typically vest over a certain period and can be exercised at the employee's discretion within a specified timeframe. Another type of stock option provided by the plan is the incentive stock option. These options are granted exclusively to key employees and can offer significant tax advantages. Incentive stock options have strict eligibility requirements and must adhere to certain rules set by the Internal Revenue Service. They also have specific holding periods that need to be met for favorable tax treatment. In addition to stock options, the Hennepin Minnesota Stock Option and Stock Award Plan also includes stock awards. Stock awards are grants of company stock that are given to employees outright, without the need for purchase. These awards can be subject to vesting requirements, where the ownership of the stock is contingent on the employee's continued employment with the company over a specified period. The Hennepin Minnesota Stock Option and Stock Award Plan is designed to align the interests of employees with those of the company's shareholders. By providing employees with the opportunity to become shareholders themselves, the plan promotes a sense of ownership and encourages long-term commitment to the company's success. Employees who participate in the Hennepin Minnesota Stock Option and Stock Award Plan have the potential to benefit from stock price appreciation, which can result in significant financial gains. Moreover, this program serves as an effective tool for attracting and retaining talented individuals, recognizing their contributions, and fostering a culture of performance and loyalty within the organization. Overall, the Hennepin Minnesota Stock Option and Stock Award Plan of American Stores Company exemplify the company's commitment to fostering employee engagement and rewarding their long-term dedication.