Suffolk New York Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Suffolk
• 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 Suffolk New York Stock Option and Stock Award Plan is a key feature of the American Stores Company's compensation program. Designed to attract and retain talented employees, this plan offers various types of stock-based incentives to eligible individuals. One of the primary components of this plan is the stock option. A stock option grants employees the right to purchase company stock at a predetermined price, known as the exercise price, within a specified timeframe. Employees holding stock options have the potential to benefit from the appreciation in the company's stock price, as they can buy shares at a lower exercise price and sell them at a higher market price. Furthermore, the Suffolk New York Stock Option and Stock Award Plan also includes stock awards. Unlike stock options, stock awards provide eligible employees with shares of company stock outright, without requiring them to purchase it. These awards may be subject to certain restrictions, such as a vesting period, which ensures that the employee remains with the company for a specific duration before fully owning the awarded stock. The American Stores Company recognizes the value of providing employees with different types of stock-based incentives. Therefore, within the Suffolk New York Stock Option and Stock Award Plan, there may be additional variations, including performance-based stock options or performance share awards. Performance-based stock options grant employees the right to purchase stock if predetermined performance goals are achieved, while performance share awards provide actual shares of stock based on predetermined performance criteria. Participation in the Suffolk New York Stock Option and Stock Award Plan is typically offered to a select group of employees, such as executives, key management personnel, or high-performing individuals. These stock-based incentives serve as a means to align the interests of employees with those of the company's shareholders, encouraging employees to work towards the long-term success of the organization. Overall, the Suffolk New York Stock Option and Stock Award Plan of the American Stores Company provides eligible employees with various opportunities to share in the company's growth and success through stock-based incentives such as stock options, stock awards, performance-based stock options, and performance share awards. These incentives play a crucial role in attracting, motivating, and retaining talented individuals, fostering a sense of ownership, and driving performance within the organization.

The Suffolk New York Stock Option and Stock Award Plan is a key feature of the American Stores Company's compensation program. Designed to attract and retain talented employees, this plan offers various types of stock-based incentives to eligible individuals. One of the primary components of this plan is the stock option. A stock option grants employees the right to purchase company stock at a predetermined price, known as the exercise price, within a specified timeframe. Employees holding stock options have the potential to benefit from the appreciation in the company's stock price, as they can buy shares at a lower exercise price and sell them at a higher market price. Furthermore, the Suffolk New York Stock Option and Stock Award Plan also includes stock awards. Unlike stock options, stock awards provide eligible employees with shares of company stock outright, without requiring them to purchase it. These awards may be subject to certain restrictions, such as a vesting period, which ensures that the employee remains with the company for a specific duration before fully owning the awarded stock. The American Stores Company recognizes the value of providing employees with different types of stock-based incentives. Therefore, within the Suffolk New York Stock Option and Stock Award Plan, there may be additional variations, including performance-based stock options or performance share awards. Performance-based stock options grant employees the right to purchase stock if predetermined performance goals are achieved, while performance share awards provide actual shares of stock based on predetermined performance criteria. Participation in the Suffolk New York Stock Option and Stock Award Plan is typically offered to a select group of employees, such as executives, key management personnel, or high-performing individuals. These stock-based incentives serve as a means to align the interests of employees with those of the company's shareholders, encouraging employees to work towards the long-term success of the organization. Overall, the Suffolk New York Stock Option and Stock Award Plan of the American Stores Company provides eligible employees with various opportunities to share in the company's growth and success through stock-based incentives such as stock options, stock awards, performance-based stock options, and performance share awards. These incentives play a crucial role in attracting, motivating, and retaining talented individuals, fostering a sense of ownership, and driving performance within the organization.