Kings New York Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Kings
• 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 Kings New York Stock Option and Stock Award Plan is a comprehensive program offered by the American Stores Company that aims to incentivize and reward its employees. This plan provides eligible employees with the opportunity to participate in the company's growth and success by granting them stock options and stock awards. The Kings New York Stock Option Plan is designed to grant employees the right to purchase a specific number of company shares at a predetermined price, known as the exercise price. These stock options offer employees the potential to profit from increases in the company's stock price over time. The plan typically outlines a vesting schedule, which determines when employees can exercise their options and acquire the shares. On the other hand, the Kings New York Stock Award Plan is a mechanism that allows employees to receive actual shares of the American Stores Company stock without the need to purchase them. These stock awards are usually granted based on predetermined criteria, such as job performance, tenure, or achievement of specific goals. Unlike stock options, stock awards do not require employees to pay an exercise price and are typically subject to a vesting period as well. The Kings New York Stock Option and Stock Award Plan aims to align the interests of employees with those of the company's shareholders, creating a sense of ownership and motivation to drive excellence. By tying employee compensation to the company's stock performance, American Stores Company promotes long-term commitment and loyalty among its workforce. The advantages of participating in the Kings New York Stock Option and Stock Award Plan are numerous. Employees have the opportunity to benefit from the company's success by potentially profiting from increases in stock value. Additionally, these programs encourage employees to focus on the company's long-term growth, as stock options and awards typically require a specified period of employment before they become fully vested. It is worth noting that there may be different variations of the Kings New York Stock Option and Stock Award Plan within the American Stores Company. These variations could include different vesting schedules, eligibility criteria, or types of awards. For example, the plan may offer performance-based stock options or restricted stock units that come with specific restrictions or conditions. In conclusion, the Kings New York Stock Option and Stock Award Plan offered by the American Stores Company is a comprehensive program aimed at incentivizing and rewarding employees. It provides eligible employees with the opportunity to participate in the company's growth and success, either through stock options or stock awards. These programs promote employee loyalty, focus on long-term company growth, and align the interests of employees with those of the shareholders.

The Kings New York Stock Option and Stock Award Plan is a comprehensive program offered by the American Stores Company that aims to incentivize and reward its employees. This plan provides eligible employees with the opportunity to participate in the company's growth and success by granting them stock options and stock awards. The Kings New York Stock Option Plan is designed to grant employees the right to purchase a specific number of company shares at a predetermined price, known as the exercise price. These stock options offer employees the potential to profit from increases in the company's stock price over time. The plan typically outlines a vesting schedule, which determines when employees can exercise their options and acquire the shares. On the other hand, the Kings New York Stock Award Plan is a mechanism that allows employees to receive actual shares of the American Stores Company stock without the need to purchase them. These stock awards are usually granted based on predetermined criteria, such as job performance, tenure, or achievement of specific goals. Unlike stock options, stock awards do not require employees to pay an exercise price and are typically subject to a vesting period as well. The Kings New York Stock Option and Stock Award Plan aims to align the interests of employees with those of the company's shareholders, creating a sense of ownership and motivation to drive excellence. By tying employee compensation to the company's stock performance, American Stores Company promotes long-term commitment and loyalty among its workforce. The advantages of participating in the Kings New York Stock Option and Stock Award Plan are numerous. Employees have the opportunity to benefit from the company's success by potentially profiting from increases in stock value. Additionally, these programs encourage employees to focus on the company's long-term growth, as stock options and awards typically require a specified period of employment before they become fully vested. It is worth noting that there may be different variations of the Kings New York Stock Option and Stock Award Plan within the American Stores Company. These variations could include different vesting schedules, eligibility criteria, or types of awards. For example, the plan may offer performance-based stock options or restricted stock units that come with specific restrictions or conditions. In conclusion, the Kings New York Stock Option and Stock Award Plan offered by the American Stores Company is a comprehensive program aimed at incentivizing and rewarding employees. It provides eligible employees with the opportunity to participate in the company's growth and success, either through stock options or stock awards. These programs promote employee loyalty, focus on long-term company growth, and align the interests of employees with those of the shareholders.