Virginia 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 Virginia Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive compensation program designed to incentivize and reward key employees of the company. This plan is specifically tailored for employees based in Virginia and is a crucial component of the company's overall talent retention and acquisition strategy. Under this plan, eligible employees are granted restricted stock units (RSS) as a form of compensation. This RSS represents the right to receive shares of the company's common stock at a future date. The allocation of RSS is determined based on various performance-based criteria, such as job function, level of responsibility, and individual performance. The Virginia Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. aims to align the interests of employees with the long-term success and growth of the company. By providing employees with an ownership stake in the company, it fosters a sense of loyalty, commitment, and dedication among the workforce. The plan also includes a vesting schedule, which determines the timeline for when employees become entitled to receive the shares of stock underlying their RSS. Typically, vesting occurs over a period of several years, incentivizing employees to remain with the company and contribute to its long-term success. Additionally, the plan may offer different types of grants under the Virginia Restricted Stock Award Plan. These could include initial grants for new hires, performance-based grants for exceptional achievement, and retention grants to encourage employees to stay with the company over a specified period. Each type of grant may have specific eligibility criteria and vesting requirements. It is important to note that the exact details and provisions of the Virginia Restricted Stock Award Plan may vary based on the specific needs and objectives of Coca-Cola Enterprises, Inc. The plan is subject to the regulations and guidelines set forth by relevant regulatory bodies, ensuring compliance with all legal requirements. In conclusion, the Virginia Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a strategic compensation program designed to attract, retain, and motivate key employees in Virginia. Through the allocation of RSS, the plan aligns the interests of employees with the long-term success of the company and fosters a culture of ownership and commitment.

The Virginia Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive compensation program designed to incentivize and reward key employees of the company. This plan is specifically tailored for employees based in Virginia and is a crucial component of the company's overall talent retention and acquisition strategy. Under this plan, eligible employees are granted restricted stock units (RSS) as a form of compensation. This RSS represents the right to receive shares of the company's common stock at a future date. The allocation of RSS is determined based on various performance-based criteria, such as job function, level of responsibility, and individual performance. The Virginia Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. aims to align the interests of employees with the long-term success and growth of the company. By providing employees with an ownership stake in the company, it fosters a sense of loyalty, commitment, and dedication among the workforce. The plan also includes a vesting schedule, which determines the timeline for when employees become entitled to receive the shares of stock underlying their RSS. Typically, vesting occurs over a period of several years, incentivizing employees to remain with the company and contribute to its long-term success. Additionally, the plan may offer different types of grants under the Virginia Restricted Stock Award Plan. These could include initial grants for new hires, performance-based grants for exceptional achievement, and retention grants to encourage employees to stay with the company over a specified period. Each type of grant may have specific eligibility criteria and vesting requirements. It is important to note that the exact details and provisions of the Virginia Restricted Stock Award Plan may vary based on the specific needs and objectives of Coca-Cola Enterprises, Inc. The plan is subject to the regulations and guidelines set forth by relevant regulatory bodies, ensuring compliance with all legal requirements. In conclusion, the Virginia Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a strategic compensation program designed to attract, retain, and motivate key employees in Virginia. Through the allocation of RSS, the plan aligns the interests of employees with the long-term success of the company and fosters a culture of ownership and commitment.