Texas 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 Texas Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive compensation program implemented by Coca-Cola Enterprises, Inc. (CCE) in the state of Texas. This plan is designed to provide certain key employees or executives with a form of equity-based compensation known as restricted stock awards (SAS). SAS is a valuable tool utilized by corporations to attract, retain, and incentivize top-tier talent. The Texas Restricted Stock Award Plan operates under the umbrella of Coca-Cola Enterprises, Inc., a leading global beverage company that operates in the state of Texas. It is crucial in ensuring the competitiveness and motivation of employees in Texas, one of Coca-Cola Enterprises' key operational areas. SAS are typically granted to select employees as part of their overall compensation package. These awards are granted in the form of company shares, which are subject to specific vesting conditions and restrictions. By awarding SAS, the company aims to align the interests of employees with long-term shareholders, promoting loyalty and dedication to the organization's growth and success. Under the Texas Restricted Stock Award Plan, there may be variations or different types of SAS offered to employees based on their roles, positions, and level of responsibility within the organization. These variations could include: 1. Performance-based SAS: These SAS are granted based on specific performance goals, such as revenue targets, market share growth, or other predetermined metrics. Employees receive the awarded shares only if they achieve or exceed the specified performance objectives. 2. Time-based SAS: This type of RSA grants employees company shares over a predefined period, subject to a vesting schedule. Typically, a specific percentage of shares become vested each year, rewarding employees for their loyalty and continued service to the organization. 3. Equity Ownership SAS: This RSA type is aimed at providing employees with a larger long-term stake in the organization. It grants a significant number of shares with varying vesting conditions, offering employees more ownership in the company and aligning their interests with those of other long-term shareholders. 4. Executive SAS: These SAS are intended for top-level executives within Coca-Cola Enterprises, Inc. The terms and conditions of these awards may differ from those offered to other employees, reflecting the increased responsibilities and expectations of executives. It is important to note that the specific types of SAS under the Texas Restricted Stock Award Plan may vary based on evolving market conditions, regulatory requirements, and the strategic objectives of Coca-Cola Enterprises, Inc. This plan serves as a crucial component of the company's compensation and rewards strategy, playing a pivotal role in attracting, motivating, and retaining talent in the dynamic business landscape of Texas.

The Texas Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive compensation program implemented by Coca-Cola Enterprises, Inc. (CCE) in the state of Texas. This plan is designed to provide certain key employees or executives with a form of equity-based compensation known as restricted stock awards (SAS). SAS is a valuable tool utilized by corporations to attract, retain, and incentivize top-tier talent. The Texas Restricted Stock Award Plan operates under the umbrella of Coca-Cola Enterprises, Inc., a leading global beverage company that operates in the state of Texas. It is crucial in ensuring the competitiveness and motivation of employees in Texas, one of Coca-Cola Enterprises' key operational areas. SAS are typically granted to select employees as part of their overall compensation package. These awards are granted in the form of company shares, which are subject to specific vesting conditions and restrictions. By awarding SAS, the company aims to align the interests of employees with long-term shareholders, promoting loyalty and dedication to the organization's growth and success. Under the Texas Restricted Stock Award Plan, there may be variations or different types of SAS offered to employees based on their roles, positions, and level of responsibility within the organization. These variations could include: 1. Performance-based SAS: These SAS are granted based on specific performance goals, such as revenue targets, market share growth, or other predetermined metrics. Employees receive the awarded shares only if they achieve or exceed the specified performance objectives. 2. Time-based SAS: This type of RSA grants employees company shares over a predefined period, subject to a vesting schedule. Typically, a specific percentage of shares become vested each year, rewarding employees for their loyalty and continued service to the organization. 3. Equity Ownership SAS: This RSA type is aimed at providing employees with a larger long-term stake in the organization. It grants a significant number of shares with varying vesting conditions, offering employees more ownership in the company and aligning their interests with those of other long-term shareholders. 4. Executive SAS: These SAS are intended for top-level executives within Coca-Cola Enterprises, Inc. The terms and conditions of these awards may differ from those offered to other employees, reflecting the increased responsibilities and expectations of executives. It is important to note that the specific types of SAS under the Texas Restricted Stock Award Plan may vary based on evolving market conditions, regulatory requirements, and the strategic objectives of Coca-Cola Enterprises, Inc. This plan serves as a crucial component of the company's compensation and rewards strategy, playing a pivotal role in attracting, motivating, and retaining talent in the dynamic business landscape of Texas.