Montgomery Maryland Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Montgomery
• 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 Montgomery Maryland Stock Option and Stock Award Plan of American Stores Company is a comprehensive compensation program designed to reward and engage employees through stock options and stock awards. This plan aims to align the interests of employees with the company's success, fostering a sense of ownership and commitment. Under this plan, eligible employees have the opportunity to receive stock options and stock awards based on their performance, tenure, or a combination of both. These incentives provide employees with the chance to share in the company's growth and financial success over time. The Montgomery Maryland Stock Option and Stock Award Plan offers various types of awards to accommodate different employee needs and goals: 1. Stock Options: These are rights granted to employees to purchase company stock at a predetermined price, known as the exercise price, within a specified period. Stock options often have a vesting period, which means the employee must remain with the company for a certain period before exercising the options. This encourages loyalty and long-term commitment. 2. Restricted Stock Units (RSS): RSS are awards of company stock that are granted to employees and usually vest over a specific time period. Unlike stock options, employees typically receive RSS without having to pay a purchase price. Once the RSS vest, employees are entitled to receive the underlying shares of stock. 3. Performance Shares: This type of award is linked to the achievement of predefined performance goals. Performance shares are granted to employees based on individual or company-wide performance metrics. As the goals are met, these shares can be converted into company stock. 4. Stock Purchase Plan: This plan allows employees to purchase company stock at a discounted price, often through payroll deductions. This type of award enables employees to build a personal investment portfolio while enjoying potential benefits of stock ownership. The Montgomery Maryland Stock Option and Stock Award Plan is carefully administered to ensure fairness and transparency. Regular communication and education are provided to employees to enhance their understanding of the program and the potential benefits it offers. In conclusion, the Montgomery Maryland Stock Option and Stock Award Plan of American Stores Company provides a comprehensive and flexible compensation structure that motivates and rewards employees. By offering various types of awards, employees can choose the plan that aligns with their individual financial goals and aspirations.

The Montgomery Maryland Stock Option and Stock Award Plan of American Stores Company is a comprehensive compensation program designed to reward and engage employees through stock options and stock awards. This plan aims to align the interests of employees with the company's success, fostering a sense of ownership and commitment. Under this plan, eligible employees have the opportunity to receive stock options and stock awards based on their performance, tenure, or a combination of both. These incentives provide employees with the chance to share in the company's growth and financial success over time. The Montgomery Maryland Stock Option and Stock Award Plan offers various types of awards to accommodate different employee needs and goals: 1. Stock Options: These are rights granted to employees to purchase company stock at a predetermined price, known as the exercise price, within a specified period. Stock options often have a vesting period, which means the employee must remain with the company for a certain period before exercising the options. This encourages loyalty and long-term commitment. 2. Restricted Stock Units (RSS): RSS are awards of company stock that are granted to employees and usually vest over a specific time period. Unlike stock options, employees typically receive RSS without having to pay a purchase price. Once the RSS vest, employees are entitled to receive the underlying shares of stock. 3. Performance Shares: This type of award is linked to the achievement of predefined performance goals. Performance shares are granted to employees based on individual or company-wide performance metrics. As the goals are met, these shares can be converted into company stock. 4. Stock Purchase Plan: This plan allows employees to purchase company stock at a discounted price, often through payroll deductions. This type of award enables employees to build a personal investment portfolio while enjoying potential benefits of stock ownership. The Montgomery Maryland Stock Option and Stock Award Plan is carefully administered to ensure fairness and transparency. Regular communication and education are provided to employees to enhance their understanding of the program and the potential benefits it offers. In conclusion, the Montgomery Maryland Stock Option and Stock Award Plan of American Stores Company provides a comprehensive and flexible compensation structure that motivates and rewards employees. By offering various types of awards, employees can choose the plan that aligns with their individual financial goals and aspirations.