Utah 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 Utah Restricted Stock Award Plan (RSA) of Coca-Cola Enterprises, Inc. (CCE) is a comprehensive program designed to incentivize and reward employees based in the state of Utah. As an integral component of the overall compensation package, this plan offers employees the opportunity to receive a certain number of restricted stock units (RSS) that will vest over a specific period of time. Under the Utah RSA Plan, employees are granted RSS, which represent the right to receive shares of CCE stock at a future date. This RSS has certain restrictions attached to them, most notably a vesting schedule that dictates when employees can gain full control and ownership of the awarded stocks. Vesting typically occurs over several years, providing a long-term incentive for employees to remain with the company. The specific types of Utah Restricted Stock Award Plans offered by CCE may vary based on the level of employees and their roles within the organization. High-level executives, such as top management and key officers, may have a tailored RSA Plan with additional benefits and more substantial stock grants. On the other hand, non-executive employees might have a standard RSA Plan with stock grants based on their position, performance, and tenure. Keywords: Utah Restricted Stock Award Plan, Coca-Cola Enterprises, Inc., incentive program, compensation package, restricted stock units, RSS, vesting schedule, long-term incentive, stock grants, high-level executives, non-executive employees.

The Utah Restricted Stock Award Plan (RSA) of Coca-Cola Enterprises, Inc. (CCE) is a comprehensive program designed to incentivize and reward employees based in the state of Utah. As an integral component of the overall compensation package, this plan offers employees the opportunity to receive a certain number of restricted stock units (RSS) that will vest over a specific period of time. Under the Utah RSA Plan, employees are granted RSS, which represent the right to receive shares of CCE stock at a future date. This RSS has certain restrictions attached to them, most notably a vesting schedule that dictates when employees can gain full control and ownership of the awarded stocks. Vesting typically occurs over several years, providing a long-term incentive for employees to remain with the company. The specific types of Utah Restricted Stock Award Plans offered by CCE may vary based on the level of employees and their roles within the organization. High-level executives, such as top management and key officers, may have a tailored RSA Plan with additional benefits and more substantial stock grants. On the other hand, non-executive employees might have a standard RSA Plan with stock grants based on their position, performance, and tenure. Keywords: Utah Restricted Stock Award Plan, Coca-Cola Enterprises, Inc., incentive program, compensation package, restricted stock units, RSS, vesting schedule, long-term incentive, stock grants, high-level executives, non-executive employees.