Tarrant Texas Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Tarrant
• 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 Tarrant Texas Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to provide employees with the opportunity to purchase company stocks at a predetermined price or receive stock-based incentives as part of their compensation package. This plan is a key component of attracting and retaining talented individuals, fostering loyalty, and aligning employees' interests with the company's financial performance and growth. The Tarrant Texas Stock Option and Stock Award Plan offers different types of stock-based incentives to employees, promoting both short-term and long-term ownership. Here are some of the various types of plans offered: 1. Stock Option Plan: Under this plan, eligible employees are granted the right to purchase company stocks at a specified exercise price during a predetermined period. This flexibility allows employees to benefit from potential stock price appreciation and gain a sense of ownership in the company's growth. 2. Restricted Stock Units (RSS): RSS are another type of incentive offered to eligible employees. RSS are grants of company stocks that vest over a certain period of time. Once the RSS vest, employees receive the shares, which they can keep or sell at their discretion. RSS enable employees to share in the growth of the company while rewarding their loyalty and commitment. 3. Performance Stock Units (Plus): Plus are stock-based incentives that are contingent upon the achievement of specific performance goals. These goals may be related to financial targets, operational milestones, or other key performance indicators. If the predetermined goals are met, eligible employees receive a certain number of shares, linking their compensation directly to the company's success. 4. Employee Stock Purchase Plan (ESPN): An ESPN allows eligible employees to purchase company stocks at a discounted price through payroll deductions. This plan provides employees with an opportunity to accumulate company shares gradually while enjoying the advantage of lower purchase prices. The Tarrant Texas Stock Option and Stock Award Plan of American Stores Company is designed to incentivize employees, align their interests with the collective goals of the company, and offer them an opportunity to build wealth through stock ownership. By implementing various stock-based incentives, American Stores Company encourages employee engagement, retention, and long-term commitment to their success and growth.

The Tarrant Texas Stock Option and Stock Award Plan of American Stores Company is a comprehensive program designed to provide employees with the opportunity to purchase company stocks at a predetermined price or receive stock-based incentives as part of their compensation package. This plan is a key component of attracting and retaining talented individuals, fostering loyalty, and aligning employees' interests with the company's financial performance and growth. The Tarrant Texas Stock Option and Stock Award Plan offers different types of stock-based incentives to employees, promoting both short-term and long-term ownership. Here are some of the various types of plans offered: 1. Stock Option Plan: Under this plan, eligible employees are granted the right to purchase company stocks at a specified exercise price during a predetermined period. This flexibility allows employees to benefit from potential stock price appreciation and gain a sense of ownership in the company's growth. 2. Restricted Stock Units (RSS): RSS are another type of incentive offered to eligible employees. RSS are grants of company stocks that vest over a certain period of time. Once the RSS vest, employees receive the shares, which they can keep or sell at their discretion. RSS enable employees to share in the growth of the company while rewarding their loyalty and commitment. 3. Performance Stock Units (Plus): Plus are stock-based incentives that are contingent upon the achievement of specific performance goals. These goals may be related to financial targets, operational milestones, or other key performance indicators. If the predetermined goals are met, eligible employees receive a certain number of shares, linking their compensation directly to the company's success. 4. Employee Stock Purchase Plan (ESPN): An ESPN allows eligible employees to purchase company stocks at a discounted price through payroll deductions. This plan provides employees with an opportunity to accumulate company shares gradually while enjoying the advantage of lower purchase prices. The Tarrant Texas Stock Option and Stock Award Plan of American Stores Company is designed to incentivize employees, align their interests with the collective goals of the company, and offer them an opportunity to build wealth through stock ownership. By implementing various stock-based incentives, American Stores Company encourages employee engagement, retention, and long-term commitment to their success and growth.