Wayne Michigan Stock Option and Stock Award Plan of American Stores Company

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Wayne
• 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 Wayne Michigan Stock Option and Stock Award Plan of American Stores Company is a comprehensive employee compensation program designed to reward and incentivize employees of the company based in Wayne, Michigan. This plan enables employees to purchase company stocks at a predetermined price known as the "strike price" within a specified timeframe. The program also provides employees with stock awards as a means of recognizing and encouraging their dedication and performance. The Wayne Michigan Stock Option and Stock Award Plan encompasses multiple types of stock options and awards, each tailored to meet the diverse needs and goals of American Stores Company employees. These different types include: 1. Non-Qualified Stock Options: This type of stock option enables employees to purchase company stocks at a discounted price, typically set at the prevailing market value at the time of grant. Non-qualified stock options are subject to taxation at the time of exercise, based on the price difference between the strike price and the market value. 2. Incentive Stock Options (ISO): SOS are another form of stock option offered to employees, often with more favorable tax treatment compared to non-qualified options. SOS provide employees the opportunity to buy company stocks at the strike price without incurring immediate tax liabilities upon exercising the options. However, specific conditions must be met to maintain the advantageous tax treatment of SOS. 3. Restricted Stock Units (RSS): RSS are stock awards granted to employees that represent the right to receive company stock after a vesting period has elapsed. RSS offers a retention incentive as they are typically subject to a vesting schedule, ensuring that employees remain with the company for a certain duration. Once vested, RSS convert into actual company shares. 4. Performance Stock Units (Plus): Plus are stock awards tied to predefined performance targets or goals set by American Stores Company. Typically, Plus vest based on the achievement of performance metrics such as financial targets, stock price appreciation, or operational objectives. Once goals are met, the Plus convert into actual company shares. The Wayne Michigan Stock Option and Stock Award Plan of American Stores Company fosters employee loyalty, motivation, and alignment with the company's long-term success. It encourages employees to actively participate in the organization's growth, ultimately benefiting both individual employees and the overall success of American Stores Company.

The Wayne Michigan Stock Option and Stock Award Plan of American Stores Company is a comprehensive employee compensation program designed to reward and incentivize employees of the company based in Wayne, Michigan. This plan enables employees to purchase company stocks at a predetermined price known as the "strike price" within a specified timeframe. The program also provides employees with stock awards as a means of recognizing and encouraging their dedication and performance. The Wayne Michigan Stock Option and Stock Award Plan encompasses multiple types of stock options and awards, each tailored to meet the diverse needs and goals of American Stores Company employees. These different types include: 1. Non-Qualified Stock Options: This type of stock option enables employees to purchase company stocks at a discounted price, typically set at the prevailing market value at the time of grant. Non-qualified stock options are subject to taxation at the time of exercise, based on the price difference between the strike price and the market value. 2. Incentive Stock Options (ISO): SOS are another form of stock option offered to employees, often with more favorable tax treatment compared to non-qualified options. SOS provide employees the opportunity to buy company stocks at the strike price without incurring immediate tax liabilities upon exercising the options. However, specific conditions must be met to maintain the advantageous tax treatment of SOS. 3. Restricted Stock Units (RSS): RSS are stock awards granted to employees that represent the right to receive company stock after a vesting period has elapsed. RSS offers a retention incentive as they are typically subject to a vesting schedule, ensuring that employees remain with the company for a certain duration. Once vested, RSS convert into actual company shares. 4. Performance Stock Units (Plus): Plus are stock awards tied to predefined performance targets or goals set by American Stores Company. Typically, Plus vest based on the achievement of performance metrics such as financial targets, stock price appreciation, or operational objectives. Once goals are met, the Plus convert into actual company shares. The Wayne Michigan Stock Option and Stock Award Plan of American Stores Company fosters employee loyalty, motivation, and alignment with the company's long-term success. It encourages employees to actively participate in the organization's growth, ultimately benefiting both individual employees and the overall success of American Stores Company.