Montana 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 Montana Restricted Stock Award Plan is a program established by Coca-Cola Enterprises, Inc. to reward its employees with stock awards. This plan is designed to incentivize and retain key personnel by offering them ownership in the company. Under Montana Restricted Stock Award Plan, employees are granted restricted stock units (RSS) that represent a right to receive a certain number of shares of Coca-Cola Enterprises, Inc. common stock at a future date. However, this RSS has restrictions and conditions attached to them, which must be satisfied before employees can fully benefit from their stock awards. The Montana Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. offers different types of restricted stock awards based on various factors such as job levels, performance, and position within the company. These different types may include: 1. Performance-based RSS: This RSS is awarded to employees based on predetermined performance targets or goals set by the company. The achievement of these goals determines the number of shares an employee becomes eligible to receive. 2. Time-based RSS: Employees receive this RSS based on their tenure with the company. The units vest gradually over a specified period, providing an incentive for employees to remain with Coca-Cola Enterprises, Inc. for a longer duration. 3. Promotional RSS: This RSS is granted to employees who are promoted to higher positions within the company. The awards serve as recognition and motivation for their career advancement and increased responsibilities. 4. Retention RSS: In order to retain key personnel, the company may grant retention RSS. These awards act as an additional incentive for employees to stay with the company during periods of change or uncertainty. The Montana Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. ensures that employees have a vested interest in the success of the company, as the value of their stock awards is directly linked to the performance and growth of Coca-Cola Enterprises, Inc. This plan aligns the interests of employees with those of shareholders, promoting a positive and goal-oriented work culture. It is important for employees participating in the Montana Restricted Stock Award Plan to familiarize themselves with the specific terms and conditions outlined in the plan documents. These terms may include vesting schedules, performance targets, and restrictions on the sale or transfer of the awarded stock units.

Montana Restricted Stock Award Plan is a program established by Coca-Cola Enterprises, Inc. to reward its employees with stock awards. This plan is designed to incentivize and retain key personnel by offering them ownership in the company. Under Montana Restricted Stock Award Plan, employees are granted restricted stock units (RSS) that represent a right to receive a certain number of shares of Coca-Cola Enterprises, Inc. common stock at a future date. However, this RSS has restrictions and conditions attached to them, which must be satisfied before employees can fully benefit from their stock awards. The Montana Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. offers different types of restricted stock awards based on various factors such as job levels, performance, and position within the company. These different types may include: 1. Performance-based RSS: This RSS is awarded to employees based on predetermined performance targets or goals set by the company. The achievement of these goals determines the number of shares an employee becomes eligible to receive. 2. Time-based RSS: Employees receive this RSS based on their tenure with the company. The units vest gradually over a specified period, providing an incentive for employees to remain with Coca-Cola Enterprises, Inc. for a longer duration. 3. Promotional RSS: This RSS is granted to employees who are promoted to higher positions within the company. The awards serve as recognition and motivation for their career advancement and increased responsibilities. 4. Retention RSS: In order to retain key personnel, the company may grant retention RSS. These awards act as an additional incentive for employees to stay with the company during periods of change or uncertainty. The Montana Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. ensures that employees have a vested interest in the success of the company, as the value of their stock awards is directly linked to the performance and growth of Coca-Cola Enterprises, Inc. This plan aligns the interests of employees with those of shareholders, promoting a positive and goal-oriented work culture. It is important for employees participating in the Montana Restricted Stock Award Plan to familiarize themselves with the specific terms and conditions outlined in the plan documents. These terms may include vesting schedules, performance targets, and restrictions on the sale or transfer of the awarded stock units.