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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Nassau
• 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 Nassau New York Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to incentivize employees and align their interests with the long-term success of the company. This plan offers various types of stock options and stock awards to eligible individuals, allowing them to participate in the growth and profitability of American Stores Company. One of the prominent options provided by the plan is the Non-Qualified Stock Option (NO). This type of option allows employees to purchase company stock at a predetermined price, known as the exercise price. The Nests typically have a vesting period, during which employees must remain with the company to be eligible for exercising the option. Once vested, employees have the flexibility to exercise their options at any time before the expiration date. Additionally, the plan also includes Incentive Stock Options (SOS) which provide certain tax advantages. SOS are subject to specific criteria defined by the Internal Revenue Service (IRS) and are usually granted to key employees or executives. These options offer potential tax benefits if certain requirements are met, such as holding the stock for a specified period before selling. Moreover, the Nassau New York Stock Option and Stock Award Plan of American Stores Company also encompasses stock awards, which are non-transferable shares of company stock given to employees without any purchase requirement. Stock awards are typically granted as a reward for outstanding performance or as a retention tool for key individuals. These awards often have a vesting period and may be subject to performance-based criteria as per the company's discretion. The plan emphasizes the importance of attracting, motivating, and retaining top talent by offering a competitive and attractive stock option and stock award program. It aims to align the interests of employees with those of shareholders, fostering a sense of ownership and driving long-term value for American Stores Company. Keywords: Nassau New York Stock Option, Stock Award Plan, American Stores Company, employee incentives, long-term success, stock options, stock awards, Non-Qualified Stock Option, NO, vesting period, exercise price, Incentive Stock Options, SOS, tax advantages, key employees, Internal Revenue Service, non-transferable shares, outstanding performance, retention, vesting period, performance-based criteria, attracting talent, motivating employees, shareholders, ownership, long-term value.

The Nassau New York Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to incentivize employees and align their interests with the long-term success of the company. This plan offers various types of stock options and stock awards to eligible individuals, allowing them to participate in the growth and profitability of American Stores Company. One of the prominent options provided by the plan is the Non-Qualified Stock Option (NO). This type of option allows employees to purchase company stock at a predetermined price, known as the exercise price. The Nests typically have a vesting period, during which employees must remain with the company to be eligible for exercising the option. Once vested, employees have the flexibility to exercise their options at any time before the expiration date. Additionally, the plan also includes Incentive Stock Options (SOS) which provide certain tax advantages. SOS are subject to specific criteria defined by the Internal Revenue Service (IRS) and are usually granted to key employees or executives. These options offer potential tax benefits if certain requirements are met, such as holding the stock for a specified period before selling. Moreover, the Nassau New York Stock Option and Stock Award Plan of American Stores Company also encompasses stock awards, which are non-transferable shares of company stock given to employees without any purchase requirement. Stock awards are typically granted as a reward for outstanding performance or as a retention tool for key individuals. These awards often have a vesting period and may be subject to performance-based criteria as per the company's discretion. The plan emphasizes the importance of attracting, motivating, and retaining top talent by offering a competitive and attractive stock option and stock award program. It aims to align the interests of employees with those of shareholders, fostering a sense of ownership and driving long-term value for American Stores Company. Keywords: Nassau New York Stock Option, Stock Award Plan, American Stores Company, employee incentives, long-term success, stock options, stock awards, Non-Qualified Stock Option, NO, vesting period, exercise price, Incentive Stock Options, SOS, tax advantages, key employees, Internal Revenue Service, non-transferable shares, outstanding performance, retention, vesting period, performance-based criteria, attracting talent, motivating employees, shareholders, ownership, long-term value.