North Dakota 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 North Dakota Restricted Stock Award Plan is an employee benefit program offered by Coca-Cola Enterprises, Inc. to its eligible employees who work in the state of North Dakota. This plan provides an opportunity for employees to receive company shares as a reward for their hard work and dedication. Under the North Dakota Restricted Stock Award Plan, eligible employees are granted restricted stock units (RSS) which represent a specific number of Coca-Cola Enterprises, Inc. shares. This RSS is awarded to employees in accordance with the terms and conditions set forth in the plan. The RSS are "restricted" because they are subject to certain limitations and conditions that must be met for the employees to fully benefit from them. One type of restricted stock award under this plan is the time-based vesting RSS. This RSS generally vest over a specified period of time, such as three years. Once the RSS have vested, employees have the right to receive the underlying shares of stock. The actual number of shares received is determined based on the value of the company's stock on the vesting date. Another type of restricted stock award is performance-based RSS. This RSS is tied to predetermined performance goals and may require employees to achieve certain targets or objectives, which are set by the company. If the performance goals are met, the RSS will vest and employees can receive the corresponding shares. It's important to note that the North Dakota Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is subject to various rules and regulations, including those specific to the state of North Dakota. Employees are advised to review the plan's documentation and consult with their financial advisors or human resources representatives to fully understand the terms and conditions, tax implications, and any additional requirements. In summary, the North Dakota Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a valuable employee benefit program that grants eligible employees restricted stock units as a reward for their contributions to the company's success. Through time-based and performance-based RSS, employees have an opportunity to share in the company's growth and financial success.

The North Dakota Restricted Stock Award Plan is an employee benefit program offered by Coca-Cola Enterprises, Inc. to its eligible employees who work in the state of North Dakota. This plan provides an opportunity for employees to receive company shares as a reward for their hard work and dedication. Under the North Dakota Restricted Stock Award Plan, eligible employees are granted restricted stock units (RSS) which represent a specific number of Coca-Cola Enterprises, Inc. shares. This RSS is awarded to employees in accordance with the terms and conditions set forth in the plan. The RSS are "restricted" because they are subject to certain limitations and conditions that must be met for the employees to fully benefit from them. One type of restricted stock award under this plan is the time-based vesting RSS. This RSS generally vest over a specified period of time, such as three years. Once the RSS have vested, employees have the right to receive the underlying shares of stock. The actual number of shares received is determined based on the value of the company's stock on the vesting date. Another type of restricted stock award is performance-based RSS. This RSS is tied to predetermined performance goals and may require employees to achieve certain targets or objectives, which are set by the company. If the performance goals are met, the RSS will vest and employees can receive the corresponding shares. It's important to note that the North Dakota Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is subject to various rules and regulations, including those specific to the state of North Dakota. Employees are advised to review the plan's documentation and consult with their financial advisors or human resources representatives to fully understand the terms and conditions, tax implications, and any additional requirements. In summary, the North Dakota Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a valuable employee benefit program that grants eligible employees restricted stock units as a reward for their contributions to the company's success. Through time-based and performance-based RSS, employees have an opportunity to share in the company's growth and financial success.