Ohio 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 Ohio Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive framework designed to incentivize and reward employees in Ohio through the issuance of restricted stock awards. This plan is specifically tailored to comply with Ohio state laws and regulations while aligning with the broader goals and strategies of Coca-Cola Enterprises, Inc., a multinational beverage corporation. Under this plan, eligible employees based in Ohio have the opportunity to receive restricted stock awards as a form of compensation for their contributions and performance. These awards are typically granted at no cost to the employees, subject to certain eligibility requirements and vesting provisions. Ohio Restricted Stock Award — Performance-Based: One type of Ohio Restricted Stock Award available under this plan is the performance-based award. This category is specifically tied to predetermined performance metrics and goals established by Coca-Cola Enterprises, Inc. Employees who achieve or surpass these goals may be granted restricted stock awards as recognition for their exceptional performance. Ohio Restricted Stock Award — Time-Based: Another type of Ohio Restricted Stock Award is the time-based award. Unlike the performance-based awards, these are granted solely based on an employee's continuous service or tenure within the company. Over a specified vesting period, the awarded stock gradually becomes unrestricted and fully owned by the employee, subject to meeting specific service requirements. Ohio Restricted Stock Award — Leadership: Coca-Cola Enterprises, Inc. may also have a leadership-focused Ohio Restricted Stock Award category. These awards are typically reserved for employees who hold key leadership positions within the company. It serves as an additional incentive to motivate and retain high-performing executives and managers in Ohio. The purpose of the Ohio Restricted Stock Award Plan is to create a sense of ownership and align the interests of employees with those of the company and its shareholders. By providing employees with a stake in the company's success, Coca-Cola Enterprises, Inc. aims to foster employee loyalty, encourage long-term performance, and promote a culture of shared accountability. Note: It is important to note that the specific details, terms, and conditions of the Ohio Restricted Stock Award Plan may vary over time and should be reviewed within the context of the plan's official documentation and disclosure materials provided by Coca-Cola Enterprises, Inc.

The Ohio Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive framework designed to incentivize and reward employees in Ohio through the issuance of restricted stock awards. This plan is specifically tailored to comply with Ohio state laws and regulations while aligning with the broader goals and strategies of Coca-Cola Enterprises, Inc., a multinational beverage corporation. Under this plan, eligible employees based in Ohio have the opportunity to receive restricted stock awards as a form of compensation for their contributions and performance. These awards are typically granted at no cost to the employees, subject to certain eligibility requirements and vesting provisions. Ohio Restricted Stock Award — Performance-Based: One type of Ohio Restricted Stock Award available under this plan is the performance-based award. This category is specifically tied to predetermined performance metrics and goals established by Coca-Cola Enterprises, Inc. Employees who achieve or surpass these goals may be granted restricted stock awards as recognition for their exceptional performance. Ohio Restricted Stock Award — Time-Based: Another type of Ohio Restricted Stock Award is the time-based award. Unlike the performance-based awards, these are granted solely based on an employee's continuous service or tenure within the company. Over a specified vesting period, the awarded stock gradually becomes unrestricted and fully owned by the employee, subject to meeting specific service requirements. Ohio Restricted Stock Award — Leadership: Coca-Cola Enterprises, Inc. may also have a leadership-focused Ohio Restricted Stock Award category. These awards are typically reserved for employees who hold key leadership positions within the company. It serves as an additional incentive to motivate and retain high-performing executives and managers in Ohio. The purpose of the Ohio Restricted Stock Award Plan is to create a sense of ownership and align the interests of employees with those of the company and its shareholders. By providing employees with a stake in the company's success, Coca-Cola Enterprises, Inc. aims to foster employee loyalty, encourage long-term performance, and promote a culture of shared accountability. Note: It is important to note that the specific details, terms, and conditions of the Ohio Restricted Stock Award Plan may vary over time and should be reviewed within the context of the plan's official documentation and disclosure materials provided by Coca-Cola Enterprises, Inc.