Missouri 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 Missouri Restricted Stock Award Plan (RAP) of Coca-Cola Enterprises, Inc. is a comprehensive employee compensation program designed to reward and incentivize talented individuals within the company. This plan grants stock awards to eligible employees, subject to certain restrictions and conditions, in order to align their interests with those of the company and promote long-term value creation. Under the Missouri RAP, employees are granted the opportunity to acquire company stock at a predetermined price, known as the grant price. These stock awards are subject to a vesting period, during which employees must meet specific performance criteria or remain with the company for a specified duration to fully qualify for the shares. The vesting schedule is designed to encourage employees to stay dedicated to the company and contribute to its growth over the long term. As for the different types of the Missouri RAP, Coca-Cola Enterprises, Inc. may offer various variations based on employee hierarchy, roles, or performance. These variations typically consist of: 1. Executive Restricted Stock Awards: Reserved for top-level executives, this form of stock award plan provides senior management with significant equity incentives, reflecting their crucial role in driving organizational success. Executives may have more advantageous terms, including accelerated vesting schedules and higher grant amounts. 2. Employee Equity Participation Plan: This plan extends stock awards to a broader base of employees, beyond the executive level. It may include middle management, key contributors, and other eligible employees who have consistently demonstrated excellence in their roles. The plan aims to motivate and retain high-performing individuals across different areas within the organization. 3. Performance-Based RAP: This type of RAP connects stock awards directly to the achievement of predetermined performance goals. It encourages employees to focus on specific objective targets and aligns their efforts with strategic objectives set by the company. 4. Merit-based RAP: In this variation, the RAP focuses on rewarding employees based on their individual merit and contributions to the company's success. These awards are typically given to exceptional individuals who consistently deliver outstanding results beyond their regular job requirements or those who have shown substantial career growth. Coca-Cola Enterprises, Inc. ensures that the Missouri RAP adheres to local regulatory requirements, including those specific to the state of Missouri. This plan not only promotes loyalty and long-term commitment within the workforce but also creates an ownership culture that instills a sense of pride and commitment among employees.