Alabama 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 Alabama Restricted Stock Award Plan is a program implemented by Coca-Cola Enterprises, Inc. to incentivize and reward its employees based in Alabama. This initiative is designed to promote employee retention, motivation, and alignment with the company's objectives. Through this plan, eligible participants are granted restricted stock awards, which possess certain restrictions and vesting schedules. The Alabama Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. offers different types of awards. These include: 1. Performance-based Restricted Stock Awards: Under this category, employees are granted restricted stock units based on the achievement of predefined performance goals. The performance goals may be related to the individual's job role, team, department, or the overall performance of the company. 2. Time-based Restricted Stock Awards: These awards are subject to a specific vesting period, during which the recipient must remain employed by the company to receive the full benefits. Vesting schedules may be based on a certain number of years or a combination of years worked and achievement of performance targets. 3. Performance and Time-based Restricted Stock Awards: This type of award combines both performance-based and time-based criteria for vesting. Participants must meet predetermined performance goals within a specified time frame to receive the full benefits. 4. Executive Restricted Stock Awards: Reserved for senior-level executives and top-tier management, these awards typically have higher grant amounts and are subject to stricter performance and vesting provisions. They aim to attract and retain key talent by aligning their interests with the company's long-term success. Participants in the Alabama Restricted Stock Award Plan may receive benefits if they satisfy the specific requirements outlined in the plan document. Typically, participants receive dividends on the restricted stock units during the vesting period, subject to any applicable conditions. Upon vesting, participants are entitled to receive the shares of Coca-Cola Enterprises, Inc. common stock, or cash equivalent, depending on the plan's provisions. It's important for employees to carefully review the plan's terms, conditions, and restrictions to fully understand the benefits and limitations associated with their awards. The Alabama Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. aims to incentivize and reward the dedicated employees in Alabama while promoting the long-term growth and success of the company.

Alabama Restricted Stock Award Plan is a program implemented by Coca-Cola Enterprises, Inc. to incentivize and reward its employees based in Alabama. This initiative is designed to promote employee retention, motivation, and alignment with the company's objectives. Through this plan, eligible participants are granted restricted stock awards, which possess certain restrictions and vesting schedules. The Alabama Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. offers different types of awards. These include: 1. Performance-based Restricted Stock Awards: Under this category, employees are granted restricted stock units based on the achievement of predefined performance goals. The performance goals may be related to the individual's job role, team, department, or the overall performance of the company. 2. Time-based Restricted Stock Awards: These awards are subject to a specific vesting period, during which the recipient must remain employed by the company to receive the full benefits. Vesting schedules may be based on a certain number of years or a combination of years worked and achievement of performance targets. 3. Performance and Time-based Restricted Stock Awards: This type of award combines both performance-based and time-based criteria for vesting. Participants must meet predetermined performance goals within a specified time frame to receive the full benefits. 4. Executive Restricted Stock Awards: Reserved for senior-level executives and top-tier management, these awards typically have higher grant amounts and are subject to stricter performance and vesting provisions. They aim to attract and retain key talent by aligning their interests with the company's long-term success. Participants in the Alabama Restricted Stock Award Plan may receive benefits if they satisfy the specific requirements outlined in the plan document. Typically, participants receive dividends on the restricted stock units during the vesting period, subject to any applicable conditions. Upon vesting, participants are entitled to receive the shares of Coca-Cola Enterprises, Inc. common stock, or cash equivalent, depending on the plan's provisions. It's important for employees to carefully review the plan's terms, conditions, and restrictions to fully understand the benefits and limitations associated with their awards. The Alabama Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. aims to incentivize and reward the dedicated employees in Alabama while promoting the long-term growth and success of the company.