Phoenix Arizona Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Phoenix
• 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 Phoenix Arizona Stock Option and Stock Award Plan of American Stores Company is an employee benefit program designed to reward and retain valuable staff members through the allocation of stock options and stock awards. This comprehensive plan offers various types of stock-based incentives and aims to motivate employees to contribute to the growth and success of the company. The Stock Option Plan is one component of the Phoenix Arizona Stock Option and Stock Award Plan. It provides eligible employees with the opportunity to purchase company stock at a predetermined price, known as the strike price, within a specified timeframe. This allows employees to potentially benefit from any future increase in the company's stock price. The Stock Award Plan, on the other hand, grants eligible employees with actual shares of American Stores Company stock as a form of recognition and appreciation. These stock awards are typically subject to a vesting period, during which employees must meet certain performance criteria or complete a designated length of service before fully owning the granted shares. The Phoenix Arizona Stock Option and Stock Award Plan is designed to attract and retain top talent by aligning their interests with those of the company's shareholders. It incentivizes employees to work towards the company's long-term goals and appreciates their contributions by providing them with direct ownership in the organization. Employees participating in this program can enjoy various benefits, including potential financial gains, increased engagement, and a sense of ownership and loyalty towards the company. Both the Stock Option and Stock Award Plans help foster a strong culture of performance and dedication within American Stores Company's workforce. Throughout its implementation, the Phoenix Arizona Stock Option and Stock Award Plan of American Stores Company ensures transparency, fairness, and compliance with applicable legal and regulatory requirements. The company's administrators carefully manage and administer the program, considering factors such as eligibility, grant sizes, vesting schedules, and any necessary adjustments according to individual employee circumstances. In conclusion, the Phoenix Arizona Stock Option and Stock Award Plan of American Stores Company is a comprehensive employee benefit program that utilizes stock options and stock awards to reward and incentivize employees. By providing them with direct ownership in the company, this plan aims to align employee interests with those of the organization while fostering engagement, loyalty, and a commitment to achieving long-term success.

The Phoenix Arizona Stock Option and Stock Award Plan of American Stores Company is an employee benefit program designed to reward and retain valuable staff members through the allocation of stock options and stock awards. This comprehensive plan offers various types of stock-based incentives and aims to motivate employees to contribute to the growth and success of the company. The Stock Option Plan is one component of the Phoenix Arizona Stock Option and Stock Award Plan. It provides eligible employees with the opportunity to purchase company stock at a predetermined price, known as the strike price, within a specified timeframe. This allows employees to potentially benefit from any future increase in the company's stock price. The Stock Award Plan, on the other hand, grants eligible employees with actual shares of American Stores Company stock as a form of recognition and appreciation. These stock awards are typically subject to a vesting period, during which employees must meet certain performance criteria or complete a designated length of service before fully owning the granted shares. The Phoenix Arizona Stock Option and Stock Award Plan is designed to attract and retain top talent by aligning their interests with those of the company's shareholders. It incentivizes employees to work towards the company's long-term goals and appreciates their contributions by providing them with direct ownership in the organization. Employees participating in this program can enjoy various benefits, including potential financial gains, increased engagement, and a sense of ownership and loyalty towards the company. Both the Stock Option and Stock Award Plans help foster a strong culture of performance and dedication within American Stores Company's workforce. Throughout its implementation, the Phoenix Arizona Stock Option and Stock Award Plan of American Stores Company ensures transparency, fairness, and compliance with applicable legal and regulatory requirements. The company's administrators carefully manage and administer the program, considering factors such as eligibility, grant sizes, vesting schedules, and any necessary adjustments according to individual employee circumstances. In conclusion, the Phoenix Arizona Stock Option and Stock Award Plan of American Stores Company is a comprehensive employee benefit program that utilizes stock options and stock awards to reward and incentivize employees. By providing them with direct ownership in the company, this plan aims to align employee interests with those of the organization while fostering engagement, loyalty, and a commitment to achieving long-term success.