Delaware 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 Delaware Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is an integral part of the company's comprehensive compensation package aimed at attracting and retaining top talent. This detailed description will provide an in-depth understanding of this plan, outlining its purpose, benefits, eligibility, and regulations. The Delaware Restricted Stock Award Plan is a long-term incentive program designed to motivate and reward employees for their exceptional performance, dedication, and commitment to the long-term success of Coca-Cola Enterprises, Inc. Through this plan, eligible employees have the opportunity to receive grants of restricted stock as a means of aligning their interests with those of the company's shareholders. One type of Delaware Restricted Stock Award Plan is the Performance-Based Restricted Stock Unit (PBR SU) plan. Under this plan, the award of restricted stock units is contingent upon the achievement of specific performance targets, such as revenue growth, market share expansion, or other financial or operational objectives. The PBR SU plan aims to incentivize employees to contribute to the company's overall performance and value creation. Another type of Delaware Restricted Stock Award Plan is the Time-Based Restricted Stock Unit (TORSO) plan. Unlike the PBR SU plan, awards under the TORSO plan are granted based on the employee's tenure with the company. Over a specific vesting period, these units convert into shares of Coca-Cola Enterprises, Inc. stock, providing employees with a vested interest in the long-term success of the company. Eligibility for participation in the Delaware Restricted Stock Award Plan may vary based on factors such as an employee's position, level, performance, and potential. Generally, the plan is available to key executives and other highly valuable employees who play a critical role in driving the company's strategic objectives. The benefits of participating in the Delaware Restricted Stock Award Plan are numerous. Firstly, it encourages long-term commitment and loyalty among employees, as the value of the shares granted is realized over time. Secondly, it fosters a sense of ownership and accountability, aligning the interests of employees with those of Coca-Cola Enterprises, Inc. shareholders. Furthermore, the plan serves as a retention tool, recognizing and rewarding high-performing individuals and motivating them to remain with the company for an extended period. To ensure fairness and compliance, the Delaware Restricted Stock Award Plan is governed by strict regulations. These regulations outline the terms and conditions of the award, including vesting schedules, performance criteria, and forfeiture provisions. They also address potential scenarios such as termination of employment, retirement, or change in control, outlining the impact these events may have on the award and the participant's vested rights. Overall, the Delaware Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is an effective tool to attract, motivate, and retain top talent within the organization. By granting eligible employees restricted stock units, this plan aligns their interests with the company's long-term success, fostering a sense of pride, loyalty, and commitment.

The Delaware Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is an integral part of the company's comprehensive compensation package aimed at attracting and retaining top talent. This detailed description will provide an in-depth understanding of this plan, outlining its purpose, benefits, eligibility, and regulations. The Delaware Restricted Stock Award Plan is a long-term incentive program designed to motivate and reward employees for their exceptional performance, dedication, and commitment to the long-term success of Coca-Cola Enterprises, Inc. Through this plan, eligible employees have the opportunity to receive grants of restricted stock as a means of aligning their interests with those of the company's shareholders. One type of Delaware Restricted Stock Award Plan is the Performance-Based Restricted Stock Unit (PBR SU) plan. Under this plan, the award of restricted stock units is contingent upon the achievement of specific performance targets, such as revenue growth, market share expansion, or other financial or operational objectives. The PBR SU plan aims to incentivize employees to contribute to the company's overall performance and value creation. Another type of Delaware Restricted Stock Award Plan is the Time-Based Restricted Stock Unit (TORSO) plan. Unlike the PBR SU plan, awards under the TORSO plan are granted based on the employee's tenure with the company. Over a specific vesting period, these units convert into shares of Coca-Cola Enterprises, Inc. stock, providing employees with a vested interest in the long-term success of the company. Eligibility for participation in the Delaware Restricted Stock Award Plan may vary based on factors such as an employee's position, level, performance, and potential. Generally, the plan is available to key executives and other highly valuable employees who play a critical role in driving the company's strategic objectives. The benefits of participating in the Delaware Restricted Stock Award Plan are numerous. Firstly, it encourages long-term commitment and loyalty among employees, as the value of the shares granted is realized over time. Secondly, it fosters a sense of ownership and accountability, aligning the interests of employees with those of Coca-Cola Enterprises, Inc. shareholders. Furthermore, the plan serves as a retention tool, recognizing and rewarding high-performing individuals and motivating them to remain with the company for an extended period. To ensure fairness and compliance, the Delaware Restricted Stock Award Plan is governed by strict regulations. These regulations outline the terms and conditions of the award, including vesting schedules, performance criteria, and forfeiture provisions. They also address potential scenarios such as termination of employment, retirement, or change in control, outlining the impact these events may have on the award and the participant's vested rights. Overall, the Delaware Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is an effective tool to attract, motivate, and retain top talent within the organization. By granting eligible employees restricted stock units, this plan aligns their interests with the company's long-term success, fostering a sense of pride, loyalty, and commitment.