New Hampshire 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 New Hampshire Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a compensation plan implemented by Coca-Cola Enterprises specifically for employees in the state of New Hampshire. This plan aims to reward and motivate employees by providing them with restricted stock awards, which are shares of Coca-Cola Enterprises' common stock subject to certain restrictions and conditions. Under the New Hampshire Restricted Stock Award Plan, employees are granted a specific number of restricted stock units (RSS) or shares. These awards are given at no cost to employees on a regular basis, such as yearly or quarterly, and are subject to vesting and forfeiture conditions determined by the company. In accordance with the plan, once an employee receives the RSS or shares, they are considered "restricted" and are subject to restrictions and conditions defined in the plan. These restrictions typically include a time-based vesting schedule, requiring employees to continuously work for the company for a certain period before they can fully own the awarded shares. The New Hampshire Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. serves various purposes, including attracting and retaining talented employees, aligning the interests of employees with the company's shareholders, and providing a performance-based incentive for employees to contribute to the company's success. Different types of restricted stock awards may be available under this plan. These include: 1. Time-Based Restricted Stock Units (RSS): These are awards that vest over a period of time, typically several years. For example, an employee may be granted 100 RSS that vest equally over a four-year period. Once all the RSS have fully vested, the employee becomes the owner of the shares. 2. Performance-Based Restricted Stock Units: These awards are contingent upon the achievement of specific performance criteria determined by the company. For example, an employee may be granted 200 RSS, which will only vest if the company achieves a predetermined financial target or completes a significant project. 3. Restricted Stock Grants: Instead of RSS, the company may also grant employees actual shares of restricted stock. The restrictions and vesting requirements for these shares would follow the same principles as RSS. Employees participating in the New Hampshire Restricted Stock Award Plan have the opportunity to accumulate ownership in Coca-Cola Enterprises and share in its success over time. By aligning the interests of employees with the company's performance, the plan aims to foster a sense of loyalty, motivation, and long-term commitment among employees.

The New Hampshire Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a compensation plan implemented by Coca-Cola Enterprises specifically for employees in the state of New Hampshire. This plan aims to reward and motivate employees by providing them with restricted stock awards, which are shares of Coca-Cola Enterprises' common stock subject to certain restrictions and conditions. Under the New Hampshire Restricted Stock Award Plan, employees are granted a specific number of restricted stock units (RSS) or shares. These awards are given at no cost to employees on a regular basis, such as yearly or quarterly, and are subject to vesting and forfeiture conditions determined by the company. In accordance with the plan, once an employee receives the RSS or shares, they are considered "restricted" and are subject to restrictions and conditions defined in the plan. These restrictions typically include a time-based vesting schedule, requiring employees to continuously work for the company for a certain period before they can fully own the awarded shares. The New Hampshire Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. serves various purposes, including attracting and retaining talented employees, aligning the interests of employees with the company's shareholders, and providing a performance-based incentive for employees to contribute to the company's success. Different types of restricted stock awards may be available under this plan. These include: 1. Time-Based Restricted Stock Units (RSS): These are awards that vest over a period of time, typically several years. For example, an employee may be granted 100 RSS that vest equally over a four-year period. Once all the RSS have fully vested, the employee becomes the owner of the shares. 2. Performance-Based Restricted Stock Units: These awards are contingent upon the achievement of specific performance criteria determined by the company. For example, an employee may be granted 200 RSS, which will only vest if the company achieves a predetermined financial target or completes a significant project. 3. Restricted Stock Grants: Instead of RSS, the company may also grant employees actual shares of restricted stock. The restrictions and vesting requirements for these shares would follow the same principles as RSS. Employees participating in the New Hampshire Restricted Stock Award Plan have the opportunity to accumulate ownership in Coca-Cola Enterprises and share in its success over time. By aligning the interests of employees with the company's performance, the plan aims to foster a sense of loyalty, motivation, and long-term commitment among employees.