Philadelphia Pennsylvania Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Philadelphia
• 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 Philadelphia Pennsylvania Stock Option and Stock Award Plan is a comprehensive program established by the American Stores Company, offering various types of stock options and awards to its employees. This plan aims to incentivize and reward employees by providing them with the opportunity to own company stock, fostering loyalty, and aligning their interests with the company's success. 1. Stock Options: — Non-Qualified Stock OptionsNestsOs): These options allow employees to purchase company stock at a predetermined price within a specified timeframe. Employees can benefit from any increase in stock price, as they can sell the shares at a higher market value. — Incentive Stock OptionsSOSOs): Unlike Nests, SOS provide employees with potentially favorable tax treatment. If specific holding requirements are met, employees may qualify for long-term capital gains tax rates upon selling the shares acquired through SOS. 2. Stock Awards: — Restricted Stock UnitsReissuesUs are granted to employees as compensation, subject to a vesting period. Once the vesting requirements are met, employees receive company stock directly without purchasing it. The actual ownership is granted upon vesting, allowing employees to sell or hold the shares. — Performance Share UnitsPlusUPlusesUs are awarded based on predetermined performance goals. Employees receive shares once these goals are achieved, serving as a powerful motivator to drive outstanding company performance. — Stock Appreciation RightsSARSRSARSRs offer employees the benefit of stock appreciation without purchasing the shares themselves. Upon exercising SARS, employees receive a cash payment equivalent to the increase in the company's stock price. The Philadelphia Pennsylvania Stock Option and Stock Award Plan of the American Stores Company is managed through a secure online platform. Employees can track their stock options, awards, and vesting schedules, empowering them to make informed decisions regarding their ownership participation. The plan helps attract and retain top talent, as it grants employees an opportunity to share in the company's long-term growth and success. Keywords: Philadelphia Pennsylvania, Stock Option, Stock Award Plan, American Stores Company, stock options, stock awards, non-qualified stock options, incentive stock options, restricted stock units, performance share units, stock appreciation rights, vesting, ownership participation, online platform, talent retention, long-term growth.

The Philadelphia Pennsylvania Stock Option and Stock Award Plan is a comprehensive program established by the American Stores Company, offering various types of stock options and awards to its employees. This plan aims to incentivize and reward employees by providing them with the opportunity to own company stock, fostering loyalty, and aligning their interests with the company's success. 1. Stock Options: — Non-Qualified Stock OptionsNestsOs): These options allow employees to purchase company stock at a predetermined price within a specified timeframe. Employees can benefit from any increase in stock price, as they can sell the shares at a higher market value. — Incentive Stock OptionsSOSOs): Unlike Nests, SOS provide employees with potentially favorable tax treatment. If specific holding requirements are met, employees may qualify for long-term capital gains tax rates upon selling the shares acquired through SOS. 2. Stock Awards: — Restricted Stock UnitsReissuesUs are granted to employees as compensation, subject to a vesting period. Once the vesting requirements are met, employees receive company stock directly without purchasing it. The actual ownership is granted upon vesting, allowing employees to sell or hold the shares. — Performance Share UnitsPlusUPlusesUs are awarded based on predetermined performance goals. Employees receive shares once these goals are achieved, serving as a powerful motivator to drive outstanding company performance. — Stock Appreciation RightsSARSRSARSRs offer employees the benefit of stock appreciation without purchasing the shares themselves. Upon exercising SARS, employees receive a cash payment equivalent to the increase in the company's stock price. The Philadelphia Pennsylvania Stock Option and Stock Award Plan of the American Stores Company is managed through a secure online platform. Employees can track their stock options, awards, and vesting schedules, empowering them to make informed decisions regarding their ownership participation. The plan helps attract and retain top talent, as it grants employees an opportunity to share in the company's long-term growth and success. Keywords: Philadelphia Pennsylvania, Stock Option, Stock Award Plan, American Stores Company, stock options, stock awards, non-qualified stock options, incentive stock options, restricted stock units, performance share units, stock appreciation rights, vesting, ownership participation, online platform, talent retention, long-term growth.