Nebraska 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 Nebraska Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive compensation program offered by the company to its employees in Nebraska. This plan allows eligible employees to receive restricted stock awards as a part of their overall remuneration package. Under the Nebraska Restricted Stock Award Plan, employees are granted a specific number of shares of Coca-Cola Enterprises stock, which are subject to certain restrictions and conditions. These restrictions are put in place to incentivize long-term commitment and performance among employees, as well as align their interests with those of the company and its shareholders. Employees who are awarded restricted stock grants become the owners of the shares immediately. However, they are restricted from selling, transferring, or disposing of these shares until the restrictions expire or certain conditions are met. The purpose of these restrictions is to ensure that employees remain with the company for a specified period, usually referred to as the vesting period, and meet performance objectives or other predetermined criteria. Nebraska Restricted Stock Award Plan offers several benefits for eligible employees. Firstly, it provides them with an opportunity to become shareholders in the company, allowing them to have a vested interest in its growth and success. Secondly, this plan serves as a powerful retention tool as it encourages employees to remain with the company for a certain duration. This, in turn, promotes loyalty and reduces turnover rate. Additionally, the Nebraska Restricted Stock Award Plan may have different types or variations, depending on the specific needs or objectives of Coca-Cola Enterprises. For example, there might be different vesting schedules, performance conditions, or eligibility criteria for various categories of employees, such as executives, managerial staff, or general employees. In conclusion, the Nebraska Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a compensation program designed to provide eligible employees with restricted stock awards. These awards come with specific restrictions and conditions, encouraging long-term commitment, performance, and aligning the interests of employees with those of the company. This plan serves as a retention tool and offers various benefits to participating employees.

The Nebraska Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive compensation program offered by the company to its employees in Nebraska. This plan allows eligible employees to receive restricted stock awards as a part of their overall remuneration package. Under the Nebraska Restricted Stock Award Plan, employees are granted a specific number of shares of Coca-Cola Enterprises stock, which are subject to certain restrictions and conditions. These restrictions are put in place to incentivize long-term commitment and performance among employees, as well as align their interests with those of the company and its shareholders. Employees who are awarded restricted stock grants become the owners of the shares immediately. However, they are restricted from selling, transferring, or disposing of these shares until the restrictions expire or certain conditions are met. The purpose of these restrictions is to ensure that employees remain with the company for a specified period, usually referred to as the vesting period, and meet performance objectives or other predetermined criteria. Nebraska Restricted Stock Award Plan offers several benefits for eligible employees. Firstly, it provides them with an opportunity to become shareholders in the company, allowing them to have a vested interest in its growth and success. Secondly, this plan serves as a powerful retention tool as it encourages employees to remain with the company for a certain duration. This, in turn, promotes loyalty and reduces turnover rate. Additionally, the Nebraska Restricted Stock Award Plan may have different types or variations, depending on the specific needs or objectives of Coca-Cola Enterprises. For example, there might be different vesting schedules, performance conditions, or eligibility criteria for various categories of employees, such as executives, managerial staff, or general employees. In conclusion, the Nebraska Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a compensation program designed to provide eligible employees with restricted stock awards. These awards come with specific restrictions and conditions, encouraging long-term commitment, performance, and aligning the interests of employees with those of the company. This plan serves as a retention tool and offers various benefits to participating employees.