Massachusetts 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 Massachusetts Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive program designed to incentivize and reward key employees in the state of Massachusetts. This plan offers various types of restricted stock awards, which play a crucial role in attracting and retaining top talent within the organization. One type of restricted stock award within the Massachusetts Restricted Stock Award Plan is the Performance-Based Restricted Stock Award. Under this category, employees receive a predetermined number of shares if they meet specific performance goals or achieve certain milestones outlined by the company. These goals can be financial or operational in nature, ensuring that employees are aligned with the overall growth and success of Coca-Cola Enterprises, Inc. Another type of restricted stock award within this plan is the Time-Based Restricted Stock Award. These awards are granted to employees based on their continuous service with the company over a specific period. Typically, shares awarded through this program vest gradually, giving employees an incentive to remain committed to the organization long-term. This retention strategy fosters loyalty and dedication from top talent, ultimately benefiting both the employees and the company. The Massachusetts Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. also includes a Performance Cash Restricted Stock Unit Award. This type of award provides employees with units that are equivalent to cash considering the company's performance. Employees receive a set number of units, which, upon vesting, are converted into cash based on predetermined performance criteria. This unique feature combines elements of performance-based incentives and restricted stock awards, offering employees greater flexibility in how they benefit from their efforts. Overall, the Massachusetts Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is designed to align the interests of employees and the company, promoting productivity, loyalty, and long-term growth. By offering a range of restricted stock awards, including performance-based and time-based options, employees are motivated to contribute to the company's success, knowing that their efforts will be rewarded in a significant and meaningful way. This plan reaffirms Coca-Cola Enterprises, Inc.'s commitment to excellence and its dedication to attracting and retaining exceptional talent in Massachusetts.

The Massachusetts Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive program designed to incentivize and reward key employees in the state of Massachusetts. This plan offers various types of restricted stock awards, which play a crucial role in attracting and retaining top talent within the organization. One type of restricted stock award within the Massachusetts Restricted Stock Award Plan is the Performance-Based Restricted Stock Award. Under this category, employees receive a predetermined number of shares if they meet specific performance goals or achieve certain milestones outlined by the company. These goals can be financial or operational in nature, ensuring that employees are aligned with the overall growth and success of Coca-Cola Enterprises, Inc. Another type of restricted stock award within this plan is the Time-Based Restricted Stock Award. These awards are granted to employees based on their continuous service with the company over a specific period. Typically, shares awarded through this program vest gradually, giving employees an incentive to remain committed to the organization long-term. This retention strategy fosters loyalty and dedication from top talent, ultimately benefiting both the employees and the company. The Massachusetts Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. also includes a Performance Cash Restricted Stock Unit Award. This type of award provides employees with units that are equivalent to cash considering the company's performance. Employees receive a set number of units, which, upon vesting, are converted into cash based on predetermined performance criteria. This unique feature combines elements of performance-based incentives and restricted stock awards, offering employees greater flexibility in how they benefit from their efforts. Overall, the Massachusetts Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is designed to align the interests of employees and the company, promoting productivity, loyalty, and long-term growth. By offering a range of restricted stock awards, including performance-based and time-based options, employees are motivated to contribute to the company's success, knowing that their efforts will be rewarded in a significant and meaningful way. This plan reaffirms Coca-Cola Enterprises, Inc.'s commitment to excellence and its dedication to attracting and retaining exceptional talent in Massachusetts.