Alaska Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-163H
• Format: Word; Rich Text

Description

20-163H 20-163H . . . Restricted Stock Award Plan under which committee of Board of Directors can (a) grant restricted stock to officers and key employees of corporation and (b) reimburse such persons for amounts payable by them as consequence of any such award The Alaska Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is an employee compensation program designed to incentivize and reward key individuals within the company. This plan is specifically offered by Coca-Cola Enterprises, Inc. to its employees located in the state of Alaska. The program aims to retain and attract top talent by granting restricted stock awards as a form of long-term compensation. Under the Alaska Restricted Stock Award Plan, eligible employees receive a predetermined number of restricted stock units (RSS). RSS represents an ownership interest in Coca-Cola Enterprises, Inc., but they cannot be sold or transferred until specific vesting requirements are met. The vesting period is typically determined by the company and may span several years, ensuring that employees remain with the company for a certain duration. Once the RSS fully vest, employees gain the ability to convert them into actual shares of Coca-Cola Enterprises, Inc. stock. At this point, they can sell the shares on the open market at prevailing market prices or choose to hold onto them as a long-term investment. The Alaska Restricted Stock Award Plan offers several benefits to employees. Firstly, it aligns the interests of employees with the success of the company, as they become direct shareholders. This facilitates a sense of ownership, accountability, and motivation among employees. Secondly, the program provides a potential avenue for financial growth as the value of the company's stock increases over time. Lastly, the plan encourages long-term commitment and loyalty from employees, as the benefits of the RSS are only realized upon meeting vesting requirements. Key participants of the Alaska Restricted Stock Award Plan include executives, managers, and other high-performing employees who have been identified as crucial to the company's success and future growth. The exact terms and conditions of the plan may vary for different employee categories, ensuring that the program caters to the specific needs and goals of different employee levels. By implementing the Alaska Restricted Stock Award Plan, Coca-Cola Enterprises, Inc. aims to motivate, retain, and attract talented individuals who play a vital role in the company's overall success. The plan, with its powerful incentives and long-term focus, helps establish a culture of excellence and commitment within the organization, ultimately benefitting both employees and shareholders alike.

The Alaska Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is an employee compensation program designed to incentivize and reward key individuals within the company. This plan is specifically offered by Coca-Cola Enterprises, Inc. to its employees located in the state of Alaska. The program aims to retain and attract top talent by granting restricted stock awards as a form of long-term compensation. Under the Alaska Restricted Stock Award Plan, eligible employees receive a predetermined number of restricted stock units (RSS). RSS represents an ownership interest in Coca-Cola Enterprises, Inc., but they cannot be sold or transferred until specific vesting requirements are met. The vesting period is typically determined by the company and may span several years, ensuring that employees remain with the company for a certain duration. Once the RSS fully vest, employees gain the ability to convert them into actual shares of Coca-Cola Enterprises, Inc. stock. At this point, they can sell the shares on the open market at prevailing market prices or choose to hold onto them as a long-term investment. The Alaska Restricted Stock Award Plan offers several benefits to employees. Firstly, it aligns the interests of employees with the success of the company, as they become direct shareholders. This facilitates a sense of ownership, accountability, and motivation among employees. Secondly, the program provides a potential avenue for financial growth as the value of the company's stock increases over time. Lastly, the plan encourages long-term commitment and loyalty from employees, as the benefits of the RSS are only realized upon meeting vesting requirements. Key participants of the Alaska Restricted Stock Award Plan include executives, managers, and other high-performing employees who have been identified as crucial to the company's success and future growth. The exact terms and conditions of the plan may vary for different employee categories, ensuring that the program caters to the specific needs and goals of different employee levels. By implementing the Alaska Restricted Stock Award Plan, Coca-Cola Enterprises, Inc. aims to motivate, retain, and attract talented individuals who play a vital role in the company's overall success. The plan, with its powerful incentives and long-term focus, helps establish a culture of excellence and commitment within the organization, ultimately benefitting both employees and shareholders alike.