The Kansas Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a compensation program that is designed to reward and incentivize employees of the company located in Kansas. This plan offers restricted stock awards as a form of compensation to eligible employees, subject to certain terms and conditions. Under this plan, eligible employees are granted a specific number of shares of Coca-Cola Enterprises, Inc. stock. However, these shares are subject to certain restrictions and conditions that must be met for the employee to fully own them. This means that the shares cannot be sold or transferred until the restrictions are lifted. The Kansas Restricted Stock Award Plan aims to align the interests of employees with the long-term objectives of the company. It encourages employees to contribute to the growth and success of Coca-Cola Enterprises, Inc. as the value of the awarded shares is directly linked to the performance and profitability of the company. There are different types of restricted stock awards that may be granted under this plan. Some of these include time-based restricted stock awards and performance-based restricted stock awards. Time-based awards typically vest over a specific period of time, incentivizing employees to remain with the company for a certain duration. Performance-based awards, on the other hand, are tied to achieving pre-determined performance goals, motivating employees to work towards specific objectives. Participation in the Kansas Restricted Stock Award Plan is subject to eligibility criteria as determined by Coca-Cola Enterprises, Inc. Employees who are part of this plan must adhere to the terms and conditions outlined by the company and any applicable regulatory requirements. In summary, the Kansas Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a compensation program that grants eligible employees restricted stock awards, subject to restrictions and conditions. The aim of this plan is to align the interests of employees with the long-term goals of the company and promote its overall growth and success. Employees participating in this plan can receive time-based or performance-based restricted stock awards, provided they meet the company's eligibility criteria and comply with relevant regulations.
Kansas Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.
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