San Antonio Texas Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: San Antonio
• 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 San Antonio Texas Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to provide incentives and rewards to employees of the company. This plan offers various types of equity-based compensation to eligible employees, encouraging their commitment, motivation, and contribution towards the company's success. One of the main types of stock-based compensation offered under the San Antonio Texas Stock Option and Stock Award Plan is the stock option. Stock options grant employees the right to purchase a specific number of company shares at a predetermined price, known as the exercise price, within a specified time period. This allows employees to benefit from the potential increase in the company's stock price. Another type of stock-based compensation offered is the stock award. Stock awards provide employees with actual company shares without the requirement of purchasing them. These shares are typically subject to specific vesting requirements, such as remaining employed with the company for a certain period of time or achieving certain performance goals. The San Antonio Texas Stock Option and Stock Award Plan of American Stores Company also includes performance-based stock options and awards. These are granted based on the achievement of predetermined goals, such as meeting specific financial targets, reaching sales milestones, or attaining operational objectives. Performance-based equity compensation aims to align employees' efforts with the company's overall performance and strategic objectives. Key features of the San Antonio Texas Stock Option and Stock Award Plan include eligibility criteria, such as job function, level within the organization, and tenure with the company. The plan also outlines the maximum number of shares that can be granted to an employee, as well as the vesting schedules, which determine when employees gain full ownership of the equity awards. To ensure the effectiveness and fairness of the plan, it may also include provisions for equity award adjustments during significant corporate events, such as mergers, acquisitions, or spin-offs. Additionally, the plan may outline guidelines for the treatment of equity awards in the case of termination, retirement, or death of an employee. Overall, the San Antonio Texas Stock Option and Stock Award Plan of American Stores Company is a comprehensive and flexible program that aims to motivate and retain talented employees while aligning their interests with the company's long-term success. By offering different types of stock-based compensation, the plan provides employees with opportunities to share in the company's growth and value creation, ultimately fostering a culture of ownership and commitment within the organization.

San Antonio Texas Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to provide incentives and rewards to employees of the company. This plan offers various types of equity-based compensation to eligible employees, encouraging their commitment, motivation, and contribution towards the company's success. One of the main types of stock-based compensation offered under the San Antonio Texas Stock Option and Stock Award Plan is the stock option. Stock options grant employees the right to purchase a specific number of company shares at a predetermined price, known as the exercise price, within a specified time period. This allows employees to benefit from the potential increase in the company's stock price. Another type of stock-based compensation offered is the stock award. Stock awards provide employees with actual company shares without the requirement of purchasing them. These shares are typically subject to specific vesting requirements, such as remaining employed with the company for a certain period of time or achieving certain performance goals. The San Antonio Texas Stock Option and Stock Award Plan of American Stores Company also includes performance-based stock options and awards. These are granted based on the achievement of predetermined goals, such as meeting specific financial targets, reaching sales milestones, or attaining operational objectives. Performance-based equity compensation aims to align employees' efforts with the company's overall performance and strategic objectives. Key features of the San Antonio Texas Stock Option and Stock Award Plan include eligibility criteria, such as job function, level within the organization, and tenure with the company. The plan also outlines the maximum number of shares that can be granted to an employee, as well as the vesting schedules, which determine when employees gain full ownership of the equity awards. To ensure the effectiveness and fairness of the plan, it may also include provisions for equity award adjustments during significant corporate events, such as mergers, acquisitions, or spin-offs. Additionally, the plan may outline guidelines for the treatment of equity awards in the case of termination, retirement, or death of an employee. Overall, the San Antonio Texas Stock Option and Stock Award Plan of American Stores Company is a comprehensive and flexible program that aims to motivate and retain talented employees while aligning their interests with the company's long-term success. By offering different types of stock-based compensation, the plan provides employees with opportunities to share in the company's growth and value creation, ultimately fostering a culture of ownership and commitment within the organization.