San Diego California Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: San Diego
• 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 San Diego California Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to incentivize and reward employees of the company by offering them the opportunity to purchase company stocks at a predetermined price or receive stock awards as part of their compensation package. As a participant in the Stock Option and Stock Award Plan, employees have the ability to purchase a specified number of company shares, known as stock options, at a predetermined exercise price within a designated time frame. This provides employees with a potential financial advantage if the stock price rises above the exercise price before the option expires. Additionally, the plan also includes stock awards, which are grants of company shares given to eligible employees without purchase requirements. These stock awards serve as a form of recognition for outstanding performance, long-term commitment, or other qualifying criteria. The San Diego California Stock Option and Stock Award Plan of American Stores Company aims to align employee interests with company success and promote long-term value creation. By granting employees ownership in the company, the plan has the potential to boost employee morale, commitment, and engagement, as well as attract and retain top talent. Different types or variations of the San Diego California Stock Option and Stock Award Plan may exist within American Stores Company. These variations can include: 1. Incentive Stock Options (SOS): These options are granted with certain tax advantages, allowing employees to potentially receive favorable tax treatment upon exercising the options and selling the acquired stocks. 2. Non-Qualified Stock Options (Nests): Unlike SOS, Nests do not qualify for the same tax advantages. However, they offer more flexibility in terms of eligibility criteria and can be granted to a wider range of employees. 3. Restricted Stock Awards: This type of stock award is subject to specific vesting criteria, such as a certain period of employment or achievement of performance targets. Until the vesting conditions are met, the awarded shares may be subject to forfeiture. 4. Performance-Based Stock Awards: These awards are granted based on the achievement of predetermined performance goals or metrics. Employees receive the shares only if the established targets are met, encouraging increased performance and productivity. The San Diego California Stock Option and Stock Award Plan of American Stores Company is a valuable tool that not only benefits employees through potential financial gains but also serves as a means to foster a sense of ownership and loyalty among the workforce.

The San Diego California Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to incentivize and reward employees of the company by offering them the opportunity to purchase company stocks at a predetermined price or receive stock awards as part of their compensation package. As a participant in the Stock Option and Stock Award Plan, employees have the ability to purchase a specified number of company shares, known as stock options, at a predetermined exercise price within a designated time frame. This provides employees with a potential financial advantage if the stock price rises above the exercise price before the option expires. Additionally, the plan also includes stock awards, which are grants of company shares given to eligible employees without purchase requirements. These stock awards serve as a form of recognition for outstanding performance, long-term commitment, or other qualifying criteria. The San Diego California Stock Option and Stock Award Plan of American Stores Company aims to align employee interests with company success and promote long-term value creation. By granting employees ownership in the company, the plan has the potential to boost employee morale, commitment, and engagement, as well as attract and retain top talent. Different types or variations of the San Diego California Stock Option and Stock Award Plan may exist within American Stores Company. These variations can include: 1. Incentive Stock Options (SOS): These options are granted with certain tax advantages, allowing employees to potentially receive favorable tax treatment upon exercising the options and selling the acquired stocks. 2. Non-Qualified Stock Options (Nests): Unlike SOS, Nests do not qualify for the same tax advantages. However, they offer more flexibility in terms of eligibility criteria and can be granted to a wider range of employees. 3. Restricted Stock Awards: This type of stock award is subject to specific vesting criteria, such as a certain period of employment or achievement of performance targets. Until the vesting conditions are met, the awarded shares may be subject to forfeiture. 4. Performance-Based Stock Awards: These awards are granted based on the achievement of predetermined performance goals or metrics. Employees receive the shares only if the established targets are met, encouraging increased performance and productivity. The San Diego California Stock Option and Stock Award Plan of American Stores Company is a valuable tool that not only benefits employees through potential financial gains but also serves as a means to foster a sense of ownership and loyalty among the workforce.