New Mexico 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 Mexico Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive program designed to reward and incentivize key employees of the company in New Mexico. This plan provides eligible employees with restricted stock awards as a form of compensation. Under this plan, eligible employees are granted a specific number of restricted stock units (RSS) based on their performance, position, and tenure with the company. RSS are essentially company shares that are granted to employees, subject to certain restrictions and conditions. The primary objective of the New Mexico Restricted Stock Award Plan is to align the interests of the employees with those of the company's stakeholders by tying their compensation to the performance and success of Coca-Cola Enterprises, Inc. This encourages employees to work towards achieving the company's goals and objectives, ultimately driving shareholder value. The plan imposes certain restrictions on the awarded RSS to promote long-term commitment and retention of key talent. Typically, these restrictions are time-based or performance-based in nature. Time-based restrictions may require employees to hold the RSS for a set period of time before they can be fully vested and converted into regular shares. Performance-based restrictions, on the other hand, may be linked to specific financial or operational targets that need to be achieved before the RSS can be fully vested. The New Mexico Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. encompasses various types of awards that may be granted to eligible employees. These may include: 1. New Hire RSS: Awarded to newly hired employees, this RSS aim to attract top talent and provide them with an initial ownership stake in the company. 2. Performance RSS: Awarded in recognition of exceptional performance, this RSS is often tied to the achievement of specific goals or targets set by the company. 3. Long-Term Incentive RSS: Granted as part of a long-term incentive program, these RSS align employee interests with the long-term success of the company, fostering commitment and loyalty. 4. Promotion RSS: Awarded to employees upon being promoted, this RSS serve as recognition for their increased responsibilities and contributions to the company. It is important to note that the New Mexico Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. adheres to all applicable laws and regulations in New Mexico, ensuring compliance with local securities and tax requirements. Overall, this comprehensive plan serves to motivate and reward employees in New Mexico while aligning their efforts with the overall success of Coca-Cola Enterprises, Inc. through the provision of restricted stock awards.

The New Mexico Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive program designed to reward and incentivize key employees of the company in New Mexico. This plan provides eligible employees with restricted stock awards as a form of compensation. Under this plan, eligible employees are granted a specific number of restricted stock units (RSS) based on their performance, position, and tenure with the company. RSS are essentially company shares that are granted to employees, subject to certain restrictions and conditions. The primary objective of the New Mexico Restricted Stock Award Plan is to align the interests of the employees with those of the company's stakeholders by tying their compensation to the performance and success of Coca-Cola Enterprises, Inc. This encourages employees to work towards achieving the company's goals and objectives, ultimately driving shareholder value. The plan imposes certain restrictions on the awarded RSS to promote long-term commitment and retention of key talent. Typically, these restrictions are time-based or performance-based in nature. Time-based restrictions may require employees to hold the RSS for a set period of time before they can be fully vested and converted into regular shares. Performance-based restrictions, on the other hand, may be linked to specific financial or operational targets that need to be achieved before the RSS can be fully vested. The New Mexico Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. encompasses various types of awards that may be granted to eligible employees. These may include: 1. New Hire RSS: Awarded to newly hired employees, this RSS aim to attract top talent and provide them with an initial ownership stake in the company. 2. Performance RSS: Awarded in recognition of exceptional performance, this RSS is often tied to the achievement of specific goals or targets set by the company. 3. Long-Term Incentive RSS: Granted as part of a long-term incentive program, these RSS align employee interests with the long-term success of the company, fostering commitment and loyalty. 4. Promotion RSS: Awarded to employees upon being promoted, this RSS serve as recognition for their increased responsibilities and contributions to the company. It is important to note that the New Mexico Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. adheres to all applicable laws and regulations in New Mexico, ensuring compliance with local securities and tax requirements. Overall, this comprehensive plan serves to motivate and reward employees in New Mexico while aligning their efforts with the overall success of Coca-Cola Enterprises, Inc. through the provision of restricted stock awards.