Middlesex Massachusetts Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Middlesex
• 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 Middlesex Massachusetts Stock Option and Stock Award Plan of American Stores Company: The Middlesex Massachusetts Stock Option and Stock Award Plan of American Stores Company is an employee incentive program that provides eligible employees with the opportunity to purchase company stock at a discounted rate or receive stock awards as a form of compensation. This plan is specific to Middlesex County, Massachusetts, and is offered by the American Stores Company. The Middlesex Massachusetts Stock Option and Stock Award Plan of American Stores Company aims to motivate and reward employees by giving them a stake in the company's success. By acquiring company stock, employees have the potential to benefit from its future growth, making it advantageous for both the company and its workforce. The plan offers different types of stock incentives, including stock options and stock awards: 1. Stock Options: Eligible employees are granted the right to purchase a specific number of company shares at a predetermined price, known as the exercise price. This exercise price is generally lower than the current market value, enabling employees to buy company stock at a discount. Stock options often have a vesting period, meaning employees need to fulfill certain conditions, such as remaining with the company for a specific duration before exercising their options. 2. Stock Awards: The plan also includes stock awards, which are given to employees as an outright grant of company shares. Unlike stock options, stock awards do not require employees to purchase shares; instead, they are directly given ownership of the stock. Stock awards may be subject to vesting requirements, encouraging employees to stay employed with the company for a certain period to fully realize the value of the award. The Middlesex Massachusetts Stock Option and Stock Award Plan of American Stores Company benefits both employees and the company. For employees, it provides an opportunity to participate in the company's success, potentially benefiting from stock price appreciation. It also serves as an employee retention tool, encouraging long-term commitment to the organization. From the company's perspective, the plan aligns employee interests with shareholders' by making them partial owners and fosters a sense of ownership and loyalty among employees. Overall, the Middlesex Massachusetts Stock Option and Stock Award Plan of American Stores Company is a well-structured and valuable program aimed at attracting, retaining, and motivating talented individuals by providing them with the opportunity to acquire company stock and benefit from its growth.

Middlesex Massachusetts Stock Option and Stock Award Plan of American Stores Company: The Middlesex Massachusetts Stock Option and Stock Award Plan of American Stores Company is an employee incentive program that provides eligible employees with the opportunity to purchase company stock at a discounted rate or receive stock awards as a form of compensation. This plan is specific to Middlesex County, Massachusetts, and is offered by the American Stores Company. The Middlesex Massachusetts Stock Option and Stock Award Plan of American Stores Company aims to motivate and reward employees by giving them a stake in the company's success. By acquiring company stock, employees have the potential to benefit from its future growth, making it advantageous for both the company and its workforce. The plan offers different types of stock incentives, including stock options and stock awards: 1. Stock Options: Eligible employees are granted the right to purchase a specific number of company shares at a predetermined price, known as the exercise price. This exercise price is generally lower than the current market value, enabling employees to buy company stock at a discount. Stock options often have a vesting period, meaning employees need to fulfill certain conditions, such as remaining with the company for a specific duration before exercising their options. 2. Stock Awards: The plan also includes stock awards, which are given to employees as an outright grant of company shares. Unlike stock options, stock awards do not require employees to purchase shares; instead, they are directly given ownership of the stock. Stock awards may be subject to vesting requirements, encouraging employees to stay employed with the company for a certain period to fully realize the value of the award. The Middlesex Massachusetts Stock Option and Stock Award Plan of American Stores Company benefits both employees and the company. For employees, it provides an opportunity to participate in the company's success, potentially benefiting from stock price appreciation. It also serves as an employee retention tool, encouraging long-term commitment to the organization. From the company's perspective, the plan aligns employee interests with shareholders' by making them partial owners and fosters a sense of ownership and loyalty among employees. Overall, the Middlesex Massachusetts Stock Option and Stock Award Plan of American Stores Company is a well-structured and valuable program aimed at attracting, retaining, and motivating talented individuals by providing them with the opportunity to acquire company stock and benefit from its growth.