Oakland Michigan Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Oakland
• 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 Oakland Michigan Stock Option and Stock Award Plan of American Stores Company is a comprehensive compensation plan designed to reward and motivate employees of American Stores Company, a prominent retail corporation in the United States. This plan enables eligible employees to acquire shares in the company through various options and stock awards. Under the Oakland Michigan Stock Option and Stock Award Plan, employees have the opportunity to participate in different types of equity-based compensation programs, including stock options and stock awards. These programs aim to provide employees with a stake in the company's success and align their interests with shareholders. 1. Stock Options: — Non-Qualified Stock Options: These options allow eligible employees to purchase company stock at a predetermined price, known as the exercise or strike price. The exercise price is typically the fair market value of the stock on the date of grant. Employees can exercise these options after a specific vesting period, providing an opportunity for potential future gains if the stock price appreciates. — Incentive Stock Options: These options, also known as statutory options, provide certain tax advantages to eligible employees. Similar to non-qualified stock options, employees can purchase company stock at the exercise price after a specified vesting period. To qualify for favorable tax treatment, employees must hold the stock for a minimum period before selling. 2. Stock Awards: — Restricted Stock UnitsRSSUIssueUs are awards of company stock granted to employees, subject to certain vesting conditions. Once vested, employees receive the shares equivalent to the value of the award. RSS has a predetermined vesting period or specified performance criteria that must be met. — Performance-Based Stock Awards: These stock awards are contingent upon achieving specific performance goals or milestones. If the predetermined performance criteria are met within a defined period, eligible employees receive the stock award. It serves as an incentive to drive superior performance and align the interests of employees with company objectives. The Oakland Michigan Stock Option and Stock Award Plan of American Stores Company provide eligible employees with a valuable opportunity to participate in the company's growth and success. By offering stock options and stock awards, the company encourages employees to work towards enhancing shareholder value and fostering a sense of ownership within the organization.

The Oakland Michigan Stock Option and Stock Award Plan of American Stores Company is a comprehensive compensation plan designed to reward and motivate employees of American Stores Company, a prominent retail corporation in the United States. This plan enables eligible employees to acquire shares in the company through various options and stock awards. Under the Oakland Michigan Stock Option and Stock Award Plan, employees have the opportunity to participate in different types of equity-based compensation programs, including stock options and stock awards. These programs aim to provide employees with a stake in the company's success and align their interests with shareholders. 1. Stock Options: — Non-Qualified Stock Options: These options allow eligible employees to purchase company stock at a predetermined price, known as the exercise or strike price. The exercise price is typically the fair market value of the stock on the date of grant. Employees can exercise these options after a specific vesting period, providing an opportunity for potential future gains if the stock price appreciates. — Incentive Stock Options: These options, also known as statutory options, provide certain tax advantages to eligible employees. Similar to non-qualified stock options, employees can purchase company stock at the exercise price after a specified vesting period. To qualify for favorable tax treatment, employees must hold the stock for a minimum period before selling. 2. Stock Awards: — Restricted Stock UnitsRSSUIssueUs are awards of company stock granted to employees, subject to certain vesting conditions. Once vested, employees receive the shares equivalent to the value of the award. RSS has a predetermined vesting period or specified performance criteria that must be met. — Performance-Based Stock Awards: These stock awards are contingent upon achieving specific performance goals or milestones. If the predetermined performance criteria are met within a defined period, eligible employees receive the stock award. It serves as an incentive to drive superior performance and align the interests of employees with company objectives. The Oakland Michigan Stock Option and Stock Award Plan of American Stores Company provide eligible employees with a valuable opportunity to participate in the company's growth and success. By offering stock options and stock awards, the company encourages employees to work towards enhancing shareholder value and fostering a sense of ownership within the organization.