Riverside California Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Riverside
• 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 Riverside, California Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to incentivize and reward employees of the company with stock-based compensation. This plan aims to attract and retain top talent by offering them the opportunity to participate in the ownership of the company. The Stock Option and Stock Award Plan of American Stores Company in Riverside, California encompasses various types of stock-based compensation instruments to suit different employee needs and goals. These include: 1. Stock Options: This type of plan grants employees the right to purchase shares of American Stores Company stock at a predetermined price, known as the exercise price, within a specified time frame. By exercising their options, employees can benefit from any appreciation in the stock's value. 2. Restricted Stock Awards: Under this plan, employees are granted a certain number of shares of American Stores Company stock. However, these shares are subject to certain restrictions, such as vesting requirements or performance goals, which must be met before the shares can be fully owned by the employee. 3. Performance Stock Units (Plus): Plus are stock units granted to employees based on the achievement of specific performance goals or milestones set by the company. Once the goals are met, the Plus convert into shares of American Stores Company stock, which can be owned by the employee. 4. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to benefit from the appreciation in the value of American Stores Company stock over a certain period. Unlike stock options, SARS do not require the employee to purchase the stock but instead grant them the right to receive the cash equivalent of the increase in stock value. The Riverside, California Stock Option and Stock Award Plan of American Stores Company aligns the interests of employees with the success of the company by giving them a direct stake in its performance. It encourages employees to focus on long-term growth and profitability, fostering a sense of loyalty and commitment. It is important for employees participating in the Riverside, California Stock Option and Stock Award Plan of American Stores Company to thoroughly understand the terms and conditions of each type of stock-based compensation. This includes the vesting schedule, exercise price, taxation implications, and any other relevant details to make informed decisions regarding their stock options or awards. Overall, the Riverside, California Stock Option and Stock Award Plan of American Stores Company serves as a valuable tool in attracting, motivating, and retaining talented individuals who contribute to the success and growth of the company.

The Riverside, California Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to incentivize and reward employees of the company with stock-based compensation. This plan aims to attract and retain top talent by offering them the opportunity to participate in the ownership of the company. The Stock Option and Stock Award Plan of American Stores Company in Riverside, California encompasses various types of stock-based compensation instruments to suit different employee needs and goals. These include: 1. Stock Options: This type of plan grants employees the right to purchase shares of American Stores Company stock at a predetermined price, known as the exercise price, within a specified time frame. By exercising their options, employees can benefit from any appreciation in the stock's value. 2. Restricted Stock Awards: Under this plan, employees are granted a certain number of shares of American Stores Company stock. However, these shares are subject to certain restrictions, such as vesting requirements or performance goals, which must be met before the shares can be fully owned by the employee. 3. Performance Stock Units (Plus): Plus are stock units granted to employees based on the achievement of specific performance goals or milestones set by the company. Once the goals are met, the Plus convert into shares of American Stores Company stock, which can be owned by the employee. 4. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to benefit from the appreciation in the value of American Stores Company stock over a certain period. Unlike stock options, SARS do not require the employee to purchase the stock but instead grant them the right to receive the cash equivalent of the increase in stock value. The Riverside, California Stock Option and Stock Award Plan of American Stores Company aligns the interests of employees with the success of the company by giving them a direct stake in its performance. It encourages employees to focus on long-term growth and profitability, fostering a sense of loyalty and commitment. It is important for employees participating in the Riverside, California Stock Option and Stock Award Plan of American Stores Company to thoroughly understand the terms and conditions of each type of stock-based compensation. This includes the vesting schedule, exercise price, taxation implications, and any other relevant details to make informed decisions regarding their stock options or awards. Overall, the Riverside, California Stock Option and Stock Award Plan of American Stores Company serves as a valuable tool in attracting, motivating, and retaining talented individuals who contribute to the success and growth of the company.