South Dakota 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 South Dakota Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive employee compensation program that offers restricted stock awards to eligible employees based in South Dakota. This plan serves as a tool to incentivize and reward employees for their hard work and dedication to the company. Under the South Dakota Restricted Stock Award Plan, employees are granted restricted stock units (RSS) as a form of compensation. RSS represents a promise to deliver a certain number of shares of Coca-Cola Enterprises, Inc. stock at a future date, subject to specific conditions and restrictions. These restrictions, which are set forth in the plan document, are designed to encourage long-term commitment and align the interests of employees with those of the company and its shareholders. Eligible employees can receive RSS through the plan based on various factors such as job performance, length of service, and position within the organization. Although the specifics may differ depending on individual circumstances, the South Dakota Restricted Stock Award Plan typically requires recipients to fulfill certain vesting requirements. Vesting refers to the period of time an employee must remain with the company before gaining full ownership of the awarded RSS. This incentivizes employees to continue contributing their skills and expertise to Coca-Cola Enterprises, Inc. for an extended period. Once the RSS have fully vested, employees gain the right to convert them into shares of Coca-Cola Enterprises, Inc. stock at a predetermined price. The value of these shares is determined by market conditions and can provide employees with a valuable financial benefit. Moreover, as shareholders, employees also benefit from any dividends distributed by the company on the awarded shares. It is important to note that the South Dakota Restricted Stock Award Plan may have different variations or versions depending on the specific needs and requirements of Coca-Cola Enterprises, Inc. It is common for companies to tailor their stock award plans to cater to different groups of employees, such as executives, managers, or specific divisions within the organization. However, the core principles of incentivizing and rewarding employees through restricted stock awards remain the same across these variations. In conclusion, the South Dakota Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a valuable employee compensation program that grants eligible employees the opportunity to receive restricted stock units. By aligning the interests of employees with that of the company, the plan encourages loyalty and long-term commitment. With proper fulfillment of vesting requirements, employees can convert their RSS into shares of Coca-Cola Enterprises, Inc. stock, potentially providing them with financial benefits and the status of shareholders.

The South Dakota Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive employee compensation program that offers restricted stock awards to eligible employees based in South Dakota. This plan serves as a tool to incentivize and reward employees for their hard work and dedication to the company. Under the South Dakota Restricted Stock Award Plan, employees are granted restricted stock units (RSS) as a form of compensation. RSS represents a promise to deliver a certain number of shares of Coca-Cola Enterprises, Inc. stock at a future date, subject to specific conditions and restrictions. These restrictions, which are set forth in the plan document, are designed to encourage long-term commitment and align the interests of employees with those of the company and its shareholders. Eligible employees can receive RSS through the plan based on various factors such as job performance, length of service, and position within the organization. Although the specifics may differ depending on individual circumstances, the South Dakota Restricted Stock Award Plan typically requires recipients to fulfill certain vesting requirements. Vesting refers to the period of time an employee must remain with the company before gaining full ownership of the awarded RSS. This incentivizes employees to continue contributing their skills and expertise to Coca-Cola Enterprises, Inc. for an extended period. Once the RSS have fully vested, employees gain the right to convert them into shares of Coca-Cola Enterprises, Inc. stock at a predetermined price. The value of these shares is determined by market conditions and can provide employees with a valuable financial benefit. Moreover, as shareholders, employees also benefit from any dividends distributed by the company on the awarded shares. It is important to note that the South Dakota Restricted Stock Award Plan may have different variations or versions depending on the specific needs and requirements of Coca-Cola Enterprises, Inc. It is common for companies to tailor their stock award plans to cater to different groups of employees, such as executives, managers, or specific divisions within the organization. However, the core principles of incentivizing and rewarding employees through restricted stock awards remain the same across these variations. In conclusion, the South Dakota Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a valuable employee compensation program that grants eligible employees the opportunity to receive restricted stock units. By aligning the interests of employees with that of the company, the plan encourages loyalty and long-term commitment. With proper fulfillment of vesting requirements, employees can convert their RSS into shares of Coca-Cola Enterprises, Inc. stock, potentially providing them with financial benefits and the status of shareholders.