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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Pima
• 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 Lima Arizona Stock Option and Stock Award Plan of American Stores Company is a comprehensive employee benefit program designed to incentivize and reward employees for their contributions to the company's success. This plan allows eligible employees to acquire company stock through stock options and stock awards. Stock options under the Lima Arizona Stock Option and Stock Award Plan provide employees with the right to purchase a specific number of company shares at a predetermined price, known as the exercise price, within a given timeframe. This enables employees to potentially benefit from the future growth of the company while also aligning their interests with shareholders. Stock awards, on the other hand, are grants of company stock directly to eligible employees. These awards may be subject to certain restrictions, such as vesting periods, where employees earn ownership rights over time. It encourages employees to remain with the company and contribute to its long-term success. The Lima Arizona Stock Option and Stock Award Plan may include various types of stock options and awards, such as: 1. Non-Qualified Stock Options: These stock options are typically offered to employees who do not meet the criteria for qualified stock options. They are subject to ordinary income tax upon exercise. 2. Incentive Stock Options (SOS): SOS are usually granted to key employees and carry significant tax advantages. If certain requirements are met, employees can receive preferential tax treatment upon exercise and sale. 3. Restricted Stock Units (RSS): RSS are a form of stock award that represent a promise to deliver company shares at a future date. They are subject to vesting conditions and employees receive the shares once those conditions are met. 4. Performance Stock Units (Plus): Plus offer employees the opportunity to earn stock awards based on predefined performance goals achieved by the company or individual employee. These awards are tied to specific performance metrics and may have a multi-year vesting schedule. The Lima Arizona Stock Option and Stock Award Plan aims to attract, retain, and motivate talented individuals by providing them with the opportunity to participate in the company's growth. It encourages employees to perform at their best and fosters a sense of ownership in the success of American Stores Company.

Lima Arizona Stock Option and Stock Award Plan of American Stores Company is a comprehensive employee benefit program designed to incentivize and reward employees for their contributions to the company's success. This plan allows eligible employees to acquire company stock through stock options and stock awards. Stock options under the Lima Arizona Stock Option and Stock Award Plan provide employees with the right to purchase a specific number of company shares at a predetermined price, known as the exercise price, within a given timeframe. This enables employees to potentially benefit from the future growth of the company while also aligning their interests with shareholders. Stock awards, on the other hand, are grants of company stock directly to eligible employees. These awards may be subject to certain restrictions, such as vesting periods, where employees earn ownership rights over time. It encourages employees to remain with the company and contribute to its long-term success. The Lima Arizona Stock Option and Stock Award Plan may include various types of stock options and awards, such as: 1. Non-Qualified Stock Options: These stock options are typically offered to employees who do not meet the criteria for qualified stock options. They are subject to ordinary income tax upon exercise. 2. Incentive Stock Options (SOS): SOS are usually granted to key employees and carry significant tax advantages. If certain requirements are met, employees can receive preferential tax treatment upon exercise and sale. 3. Restricted Stock Units (RSS): RSS are a form of stock award that represent a promise to deliver company shares at a future date. They are subject to vesting conditions and employees receive the shares once those conditions are met. 4. Performance Stock Units (Plus): Plus offer employees the opportunity to earn stock awards based on predefined performance goals achieved by the company or individual employee. These awards are tied to specific performance metrics and may have a multi-year vesting schedule. The Lima Arizona Stock Option and Stock Award Plan aims to attract, retain, and motivate talented individuals by providing them with the opportunity to participate in the company's growth. It encourages employees to perform at their best and fosters a sense of ownership in the success of American Stores Company.