Santa Clara California Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Santa Clara
• 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 Santa Clara California Stock Option and Stock Award Plan of American Stores Company is a comprehensive and equity-based compensation program designed to reward employees for their contributions and incentivize their long-term commitment to the company. American Stores Company, a prominent retail company headquartered in Santa Clara, California, offers various stock options and stock awards to eligible employees as part of their compensation package. One type of stock option offered under this plan is the "Non-Qualified Stock Option," which allows employees to purchase company stock at a predetermined price within a specified period. Non-Qualified Stock Options are subject to taxation upon exercise, typically at the ordinary income tax rate. These options can be extended to eligible employees of American Stores Company as a way to align their interests with the company's growth and performance. Another type of stock option available is the "Incentive Stock Option" (ISO). SOS offer employees the opportunity to purchase stock at a favorable price, often below the market value, and enjoy potential tax advantages. To qualify for SOS, specific eligibility criteria must be met, including holding the stock for a minimum period of time before selling. In addition to stock options, American Stores Company also grants stock awards to selected employees. Stock awards provide employees with shares of company stock without requiring them to purchase the shares. These awards can be in the form of "Restricted Stock Units" (RSS) or "Performance Shares." RSS are given to employees and vest over a predetermined period, after which the shares are fully owned by the employee. Performance Shares, on the other hand, are contingent upon the accomplishment of specific performance goals or milestones set by the company. The Santa Clara California Stock Option and Stock Award Plan of American Stores Company aims to motivate and retain talented employees by providing them with the opportunity to directly participate in the success of the company. By offering different types of stock options, including Non-Qualified Stock Options and Incentive Stock Options, as well as stock awards such as Restricted Stock Units and Performance Shares, American Stores Company ensures a well-rounded compensation program that aligns employees' interests with the company's growth and performance objectives. To summarize, the Santa Clara California Stock Option and Stock Award Plan of American Stores Company offers various stock options, including Non-Qualified Stock Options and Incentive Stock Options, as well as stock awards like Restricted Stock Units and Performance Shares. These equity-based compensation options aim to reward and motivate employees while fostering their long-term commitment to the success of American Stores Company.

The Santa Clara California Stock Option and Stock Award Plan of American Stores Company is a comprehensive and equity-based compensation program designed to reward employees for their contributions and incentivize their long-term commitment to the company. American Stores Company, a prominent retail company headquartered in Santa Clara, California, offers various stock options and stock awards to eligible employees as part of their compensation package. One type of stock option offered under this plan is the "Non-Qualified Stock Option," which allows employees to purchase company stock at a predetermined price within a specified period. Non-Qualified Stock Options are subject to taxation upon exercise, typically at the ordinary income tax rate. These options can be extended to eligible employees of American Stores Company as a way to align their interests with the company's growth and performance. Another type of stock option available is the "Incentive Stock Option" (ISO). SOS offer employees the opportunity to purchase stock at a favorable price, often below the market value, and enjoy potential tax advantages. To qualify for SOS, specific eligibility criteria must be met, including holding the stock for a minimum period of time before selling. In addition to stock options, American Stores Company also grants stock awards to selected employees. Stock awards provide employees with shares of company stock without requiring them to purchase the shares. These awards can be in the form of "Restricted Stock Units" (RSS) or "Performance Shares." RSS are given to employees and vest over a predetermined period, after which the shares are fully owned by the employee. Performance Shares, on the other hand, are contingent upon the accomplishment of specific performance goals or milestones set by the company. The Santa Clara California Stock Option and Stock Award Plan of American Stores Company aims to motivate and retain talented employees by providing them with the opportunity to directly participate in the success of the company. By offering different types of stock options, including Non-Qualified Stock Options and Incentive Stock Options, as well as stock awards such as Restricted Stock Units and Performance Shares, American Stores Company ensures a well-rounded compensation program that aligns employees' interests with the company's growth and performance objectives. To summarize, the Santa Clara California Stock Option and Stock Award Plan of American Stores Company offers various stock options, including Non-Qualified Stock Options and Incentive Stock Options, as well as stock awards like Restricted Stock Units and Performance Shares. These equity-based compensation options aim to reward and motivate employees while fostering their long-term commitment to the success of American Stores Company.