Rhode Island 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 Rhode Island Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive program that aims to incentivize and reward employees of the company located in Rhode Island. This plan provides eligible participants with restricted stock awards as a form of compensation, which helps align their interests with the long-term success of the organization. Under this plan, employees are granted shares of Coca-Cola Enterprises, Inc.'s stock that are subject to various restrictions and conditions. These restrictions typically include a vesting period, during which the shares are held by the company and cannot be sold or transferred. The purpose of this vesting period is to encourage employees to remain with the company and contribute to its growth over the long term. Once the shares have vested, employees gain ownership rights and can choose to sell or retain the shares. The value of the awarded shares is typically based on the market price of Coca-Cola Enterprises, Inc.'s stock at the time of the grant, ensuring that employees are rewarded based on the company's performance. There might be variations or different types of the Rhode Island Restricted Stock Award Plan within Coca-Cola Enterprises, Inc., designed to cater to different employee groups or levels within the organization. Some potential variations could include: 1. Executive Restricted Stock Award Plan: This plan is specifically tailored for executives or senior-level employees. It may offer additional benefits or more substantial stock grants as a way to incentivize and retain top talent. 2. Employee Stock Ownership Plan (ESOP): This plan aims to promote employee ownership within the company. It may provide broader eligibility criteria, allowing a larger portion of employees to participate in the plan and share in the company's success. 3. Performance-Based Restricted Stock Plan: This type of plan rewards employees based on predetermined performance goals or metrics. It is designed to motivate employees to achieve specific targets or milestones that contribute to the company's growth and profitability. 4. Long-Term Incentive Plan (TIP): The TIP is designed to provide long-term incentives and rewards to employees. Along with restricted stock awards, it may include additional forms of compensation, such as cash bonuses or stock options, to further align employee interests with long-term company goals. It's important to note that the above variations are merely illustrative, and the actual names and features of different Rhode Island Restricted Stock Award Plans offered by Coca-Cola Enterprises, Inc. may differ. The specifics of each plan, including eligibility criteria, grant sizes, vesting periods, and other conditions, would be outlined clearly in the plan documents provided to eligible employees.

The Rhode Island Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive program that aims to incentivize and reward employees of the company located in Rhode Island. This plan provides eligible participants with restricted stock awards as a form of compensation, which helps align their interests with the long-term success of the organization. Under this plan, employees are granted shares of Coca-Cola Enterprises, Inc.'s stock that are subject to various restrictions and conditions. These restrictions typically include a vesting period, during which the shares are held by the company and cannot be sold or transferred. The purpose of this vesting period is to encourage employees to remain with the company and contribute to its growth over the long term. Once the shares have vested, employees gain ownership rights and can choose to sell or retain the shares. The value of the awarded shares is typically based on the market price of Coca-Cola Enterprises, Inc.'s stock at the time of the grant, ensuring that employees are rewarded based on the company's performance. There might be variations or different types of the Rhode Island Restricted Stock Award Plan within Coca-Cola Enterprises, Inc., designed to cater to different employee groups or levels within the organization. Some potential variations could include: 1. Executive Restricted Stock Award Plan: This plan is specifically tailored for executives or senior-level employees. It may offer additional benefits or more substantial stock grants as a way to incentivize and retain top talent. 2. Employee Stock Ownership Plan (ESOP): This plan aims to promote employee ownership within the company. It may provide broader eligibility criteria, allowing a larger portion of employees to participate in the plan and share in the company's success. 3. Performance-Based Restricted Stock Plan: This type of plan rewards employees based on predetermined performance goals or metrics. It is designed to motivate employees to achieve specific targets or milestones that contribute to the company's growth and profitability. 4. Long-Term Incentive Plan (TIP): The TIP is designed to provide long-term incentives and rewards to employees. Along with restricted stock awards, it may include additional forms of compensation, such as cash bonuses or stock options, to further align employee interests with long-term company goals. It's important to note that the above variations are merely illustrative, and the actual names and features of different Rhode Island Restricted Stock Award Plans offered by Coca-Cola Enterprises, Inc. may differ. The specifics of each plan, including eligibility criteria, grant sizes, vesting periods, and other conditions, would be outlined clearly in the plan documents provided to eligible employees.