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.
Delaware Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.
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Coca-Cola offers a monetary incentive to hardworking employees as a reward approach. Bonuses, raises in pay, airline tickets, and scholarships for the employees' children are among the financial benefits. Employees who perform poorly are not fairly compensated.
Our Company grants stock options and restricted stock awards to certain employees of the Company.
Benefits Summary for The Coca-Cola Company Severance Pay. Health Insurance. Dental Insurance. Life Insurance. Vision Insurance. Temporary Disability Insurance. Long-term Disability Insurance. Accidental Death & Dismemberment Insurance.
CocaCola stock-based compensation for the twelve months ending June 30, 2023 was $807M, a 4.95% decline year-over-year. CocaCola annual stock-based compensation for 2022 was $0.356B, a 5.64% increase from 2021.
Shares can be purchased through a Direct Stock Purchase and Dividend Reinvestment Plan sponsored and administered by Computershare Trust Company, N.A. Details about the Computershare Investment Plan, including any fees associated with the Plan, can be viewed and printed from Computershare's website.
The vesting period is the length of time between being granted RSUs and when you actually own the shares and can sell them. The vesting period can last for several years, depending on the exact conditions of the grant, though some RSUs may vest immediately on the grant date.
The average The Coca-Cola Company salary ranges from approximately $40,000 per year for Production Worker to $175,011 per year for Director of Information Technology. Average The Coca-Cola Company hourly pay ranges from approximately $11.00 per hour for Senior Technician to $32.85 per hour for Transport Driver.
Dividend Data The Coca-Cola Company's ( KO ) dividend yield is 3.24%, which means that for every $100 invested in the company's stock, investors would receive $3.24 in dividends per year. The Coca-Cola Company's payout ratio is 72.26% which means that 72.26% of the company's earnings are paid out as dividends.