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.
Santa Clara California Stock Option and Stock Award Plan of American Stores Company
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Related Definitions Stock Awards means any rights granted by the Company to Executive with respect to the common stock of the Company, including, without limitation, stock options, stock appreciation rights, restricted stock, stock bonuses and restricted stock units.
If you're granted a restricted stock award, you have two choices: you can pay ordinary income tax on the award when it's granted and pay long-term capital gains taxes on the gain when you sell, or you can pay ordinary income tax on the whole amount when it vests.
Overview of Three Types of ESOPs Nonleveraged ESOP. This first type of ESOP (Diagram 1) does not involve borrowed funds to acquire the sponsoring employer's stock.Leveraged Buyout ESOP.Issuance ESOP.
ESOs are a form of equity compensation granted by companies to their employees and executives. Like a regular call option, an ESO gives the holder the right to purchase the underlying assetthe company's stockat a specified price for a finite period of time.
A Restricted Stock Award Share is a grant of company stock in which the recipient's rights in the stock are restricted until the shares vest (or lapse in restrictions). The restricted period is called a vesting period.
Stock Award means any right to receive Common Stock granted under the Plan, including an Incentive Stock Option, a Nonstatutory Stock Option, a Restricted Stock Award, a Restricted Stock Unit Award, a Stock Appreciation Right, a Performance Stock Award or any Other Stock Award.
Related Definitions Stock Awards means any rights granted by the Company to Executive with respect to the common stock of the Company, including, without limitation, stock options, stock appreciation rights, restricted stock, stock bonuses and restricted stock units.
With a stock award, you receive the company's stocks as compensation. Depending on the type of stock, you may have to wait for a certain period before you can fully own it. A stock option, on the other hand, only gives you the right to buy the company's stocks in the future at a certain price.
With a stock award, you receive the company's stocks as compensation. Depending on the type of stock, you may have to wait for a certain period before you can fully own it. A stock option, on the other hand, only gives you the right to buy the company's stocks in the future at a certain price.