Colorado 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 Colorado Restricted Stock Award Plan (RAP) is a comprehensive equity compensation program offered by Coca-Cola Enterprises, Inc. (CCE) to its employees who are based in Colorado. This plan enables eligible employees to receive restricted stock awards as a form of long-term incentive and retention tool. Under the Colorado RAP, eligible employees are granted a specific number of restricted stock units (RSS) as part of their compensation package. RSS are non-transferable units that represent a certain number of shares of Coca-Cola Enterprises' common stock. These awards are subject to vesting conditions and restrictions that must be met before the employees can fully benefit from them. The primary objective of the Colorado RAP is to align the interests of employees with those of the company's shareholders, promoting loyalty, motivation, and the long-term success of the business. By providing employees with a stake in the company's performance, it encourages them to work towards its growth and profitability. The Colorado RAP consists of several types of restricted stock awards, each having its own unique features: 1. Time-Based Restricted Stock Awards: These awards vest based on the employee's continued service over a specified period. For example, an employee might receive 1,000 RSS that vest over a four-year period, with 25% vesting each year. 2. Performance-Based Restricted Stock Awards: These awards vest based on the achievement of specific performance targets or milestones set by the company. These targets are typically aligned with corporate goals and financial metrics, motivating employees to contribute to the company's success. 3. Restricted Stock Units with Market Conditions: These awards vest based on the attainment of predetermined market conditions, such as a certain level of stock price or total shareholder return. The market conditions ensure that the awards reflect the company's overall performance and shareholder value creation. 4. Bonus Restricted Stock: In addition to the regular RAP, Coca-Cola Enterprises may offer bonus restricted stock grants to eligible employees in recognition of their exceptional performance, contributions, or achievements. These grants serve as additional incentives to drive excellence within the company. It is important to note that the specifics of the Colorado RAP, including the eligibility criteria, vesting schedules, and allocation methods, may vary depending on individual circumstances, job roles, and seniority within the company. The plan is designed to provide an equitable and performance-oriented compensation structure for employees based in Colorado, fostering a culture of ownership and shared success.

The Colorado Restricted Stock Award Plan (RAP) is a comprehensive equity compensation program offered by Coca-Cola Enterprises, Inc. (CCE) to its employees who are based in Colorado. This plan enables eligible employees to receive restricted stock awards as a form of long-term incentive and retention tool. Under the Colorado RAP, eligible employees are granted a specific number of restricted stock units (RSS) as part of their compensation package. RSS are non-transferable units that represent a certain number of shares of Coca-Cola Enterprises' common stock. These awards are subject to vesting conditions and restrictions that must be met before the employees can fully benefit from them. The primary objective of the Colorado RAP is to align the interests of employees with those of the company's shareholders, promoting loyalty, motivation, and the long-term success of the business. By providing employees with a stake in the company's performance, it encourages them to work towards its growth and profitability. The Colorado RAP consists of several types of restricted stock awards, each having its own unique features: 1. Time-Based Restricted Stock Awards: These awards vest based on the employee's continued service over a specified period. For example, an employee might receive 1,000 RSS that vest over a four-year period, with 25% vesting each year. 2. Performance-Based Restricted Stock Awards: These awards vest based on the achievement of specific performance targets or milestones set by the company. These targets are typically aligned with corporate goals and financial metrics, motivating employees to contribute to the company's success. 3. Restricted Stock Units with Market Conditions: These awards vest based on the attainment of predetermined market conditions, such as a certain level of stock price or total shareholder return. The market conditions ensure that the awards reflect the company's overall performance and shareholder value creation. 4. Bonus Restricted Stock: In addition to the regular RAP, Coca-Cola Enterprises may offer bonus restricted stock grants to eligible employees in recognition of their exceptional performance, contributions, or achievements. These grants serve as additional incentives to drive excellence within the company. It is important to note that the specifics of the Colorado RAP, including the eligibility criteria, vesting schedules, and allocation methods, may vary depending on individual circumstances, job roles, and seniority within the company. The plan is designed to provide an equitable and performance-oriented compensation structure for employees based in Colorado, fostering a culture of ownership and shared success.