Oregon 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 Oregon Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive employee compensation program that awards eligible employees with restricted stock. Under this plan, participants receive a certain number of shares of Coca-Cola Enterprises, Inc. stock, subject to various vesting and forfeiture restrictions. The Oregon Restricted Stock Award Plan is designed to motivate and retain top-performing employees by offering them a valuable ownership interest in the company. By granting restricted stock, Coca-Cola Enterprises, Inc. provides employees with a strong incentive to contribute to the long-term success of the company. This plan offers several types of restricted stock awards, including: 1. Performance-Based Restricted Stock Awards: These awards are granted based on predetermined performance criteria, such as achieving specific financial goals or surpassing industry benchmarks. Participants must meet these criteria to become eligible for the shares. 2. Time-Based Restricted Stock Awards: These awards are granted based on the employee's length of service with Coca-Cola Enterprises, Inc. The shares vest over a specified period, typically multiple years, encouraging employees to remain with the company and contribute to its growth. 3. Market-Based Restricted Stock Awards: These awards are granted based on the relative performance of Coca-Cola Enterprises, Inc. stock compared to a designated market index or a peer group of companies. Participants receive a percentage of the awarded shares based on the company's stock performance. 4. Dividend Equivalent Units: Participants in the Oregon Restricted Stock Award Plan may also receive dividend equivalent units, which provide cash payments equivalent to the dividends payable on the restricted stock during the vesting period. To ensure compliance with Oregon state laws and regulations, the Oregon Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. follows specific guidelines concerning the issuance, transfer, and taxation of the restricted stock awards. These guidelines guarantee that employees participating in the plan receive fair and equal treatment. Overall, the Oregon Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. aims to attract and retain talented employees, align employee interests with the company's long-term performance, and further enhance the company's overall success.

The Oregon Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive employee compensation program that awards eligible employees with restricted stock. Under this plan, participants receive a certain number of shares of Coca-Cola Enterprises, Inc. stock, subject to various vesting and forfeiture restrictions. The Oregon Restricted Stock Award Plan is designed to motivate and retain top-performing employees by offering them a valuable ownership interest in the company. By granting restricted stock, Coca-Cola Enterprises, Inc. provides employees with a strong incentive to contribute to the long-term success of the company. This plan offers several types of restricted stock awards, including: 1. Performance-Based Restricted Stock Awards: These awards are granted based on predetermined performance criteria, such as achieving specific financial goals or surpassing industry benchmarks. Participants must meet these criteria to become eligible for the shares. 2. Time-Based Restricted Stock Awards: These awards are granted based on the employee's length of service with Coca-Cola Enterprises, Inc. The shares vest over a specified period, typically multiple years, encouraging employees to remain with the company and contribute to its growth. 3. Market-Based Restricted Stock Awards: These awards are granted based on the relative performance of Coca-Cola Enterprises, Inc. stock compared to a designated market index or a peer group of companies. Participants receive a percentage of the awarded shares based on the company's stock performance. 4. Dividend Equivalent Units: Participants in the Oregon Restricted Stock Award Plan may also receive dividend equivalent units, which provide cash payments equivalent to the dividends payable on the restricted stock during the vesting period. To ensure compliance with Oregon state laws and regulations, the Oregon Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. follows specific guidelines concerning the issuance, transfer, and taxation of the restricted stock awards. These guidelines guarantee that employees participating in the plan receive fair and equal treatment. Overall, the Oregon Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. aims to attract and retain talented employees, align employee interests with the company's long-term performance, and further enhance the company's overall success.