Puerto Rico Approval of Restricted Stock Award Plan for Coca-Cola Enterprises, Inc. The Puerto Rico Approval of Restricted Stock Award Plan for Coca-Cola Enterprises, Inc. is a comprehensive and strategic program designed to incentivize and reward employees of the company based in Puerto Rico. This plan is specifically tailored to comply with the regulations and guidelines set forth by the Puerto Rico government. Under the Puerto Rico Approval of Restricted Stock Award Plan, eligible employees are granted restricted stock units (RSS) as a form of compensation and retention strategy. RSS are awards that grant employees the right to receive shares of Coca-Cola Enterprises, Inc. stock at a future date, subject to certain conditions and restrictions. This plan serves as an effective tool to attract and retain top talent within the company's Puerto Rico workforce. By aligning the interests of employees with those of the company, the plan encourages individuals to contribute to the long-term success and growth of Coca-Cola Enterprises, Inc. The Puerto Rico Approval of Restricted Stock Award Plan offers various types of RSS based on different criteria and conditions. These may include: 1. Time-based RSS: This type of RSU grants employees shares of company stock based on the duration of their service. For example, an employee might receive a certain number of RSS each year, vesting over a predetermined period. 2. Performance-based RSS: This RSS is granted based on the achievement of specific performance targets or goals set by the company. Employees can receive additional shares if they exceed or meet the set objectives, incentivizing exceptional performance. 3. Market-based RSS: This RSU type is linked to the company's performance compared to its competitors or industry benchmarks. If Coca-Cola Enterprises, Inc. outperforms its peers or meets predefined market conditions, employees are awarded additional shares. The Puerto Rico Approval of Restricted Stock Award Plan is thoroughly reviewed by legal and tax experts to ensure compliance with Puerto Rico regulations. The plan implements safeguards to prevent any unauthorized transfer, sale, or disposition of the RSS. Overall, the Puerto Rico Approval of Restricted Stock Award Plan for Coca-Cola Enterprises, Inc. outlines a structured and fair approach to rewarding employees in Puerto Rico. By encouraging loyalty, motivating exceptional performance, and aligning interests, this plan serves as a valuable tool in attracting, retaining, and motivating talented individuals within the organization.
Puerto Rico Approval of Restricted Stock Award Plan for Coca-Cola Enterprises, Inc.
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AUDIT INFORMATION AUDIT INFORMATION12 Months EndedDec. 31, 2021Auditor NameErnst & Young LLPAuditor LocationAtlanta, GeorgiaAuditor Firm ID421 more row
The Audit Committee and the Board believe that the retention of Ernst & Young LLP to serve as the Independent Auditors for the fiscal year ending December 31, 2017 is in the best interests of the Company and its shareowners.
Ratify the appointment of Ernst & Young LLP as Independent Auditors of the Company to serve for the 2022 fiscal year.
AUDIT INFORMATION AUDIT INFORMATION12 Months EndedDec. 31, 2021Auditor NameErnst & Young LLPAuditor LocationAtlanta, GeorgiaAuditor Firm ID421 more row
Barry Ballow is vice president of internal audit for The Coca?Cola Company.
The Committee will oversee the internal audit function, the Company's ethical compliance programs, including the Company's Codes of Business Conduct, and the Company's quality and food safety programs, workplace and distribution safety programs, and information technology security programs.