Washington 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 Washington Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive and highly sought-after employee compensation program offered by the renowned Coca-Cola Enterprises, Inc. The plan is designed to reward and motivate key personnel within the organization by providing them with long-term incentives in the form of restricted stock awards. These awards grant eligible employees the opportunity to own a predetermined number of shares of Coca-Cola Enterprises, Inc. stock, subject to certain restrictions and conditions. Under the Washington Restricted Stock Award Plan, employees who meet the predetermined eligibility criteria are granted restricted stock units (RSS) as a part of their overall compensation package. RSS represents a specific number of shares of the company's stock that are assigned to employees, but the actual ownership and transferability of these shares are restricted until specific vesting conditions are met. One of the core features of the plan is that the restricted stock awards granted to employees vest over a pre-determined period of time. Vesting signifies the point at which the ownership restrictions on the awarded shares are lifted, enabling employees to freely transfer, sell, or retain the shares as they see fit. The vesting schedules may vary based on the employee's position within the organization and their tenure. This structure incentivizes employees to remain with Coca-Cola Enterprises, Inc. for an extended period, as they will only gain full ownership of the awarded shares upon completing the vesting period. The Washington Restricted Stock Award Plan aligns employee interests with the long-term success and growth of Coca-Cola Enterprises, Inc. by tying the value of the awards directly to the performance of the company's stock. As the stock price increases, so does the value of the restricted stock awards, providing a powerful motivator for employees to contribute to the company's overall performance and shareholder value. Furthermore, the plan offers certain tax advantages for eligible employees, as the restricted stock awards are subject to favorable tax treatment at the federal and state level. This can result in potential tax savings for employees and enhance the overall value of the awards received. The Washington Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. may have different types or variations based on the level of employee participation, such as the Executive Restricted Stock Award Plan, Managerial Restricted Stock Award Plan, and Employee Restricted Stock Award Plan. Each plan type is tailored to meet the needs of the respective employee group, ensuring that key personnel across various levels and functions benefit from the program. In summary, the Washington Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is an esteemed compensation program designed to reward and incentivize key employees. Through the allocation of restricted stock awards, the plan aligns the interests of employees with the company's long-term success, supplementing their compensation package and fostering a sense of ownership and dedication. Whether it's the Executive, Managerial, or Employee Restricted Stock Award Plan, Coca-Cola Enterprises, Inc. ensures that its employees have ample opportunities to be truly invested in the growth and prosperity of the organization.

The Washington Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive and highly sought-after employee compensation program offered by the renowned Coca-Cola Enterprises, Inc. The plan is designed to reward and motivate key personnel within the organization by providing them with long-term incentives in the form of restricted stock awards. These awards grant eligible employees the opportunity to own a predetermined number of shares of Coca-Cola Enterprises, Inc. stock, subject to certain restrictions and conditions. Under the Washington Restricted Stock Award Plan, employees who meet the predetermined eligibility criteria are granted restricted stock units (RSS) as a part of their overall compensation package. RSS represents a specific number of shares of the company's stock that are assigned to employees, but the actual ownership and transferability of these shares are restricted until specific vesting conditions are met. One of the core features of the plan is that the restricted stock awards granted to employees vest over a pre-determined period of time. Vesting signifies the point at which the ownership restrictions on the awarded shares are lifted, enabling employees to freely transfer, sell, or retain the shares as they see fit. The vesting schedules may vary based on the employee's position within the organization and their tenure. This structure incentivizes employees to remain with Coca-Cola Enterprises, Inc. for an extended period, as they will only gain full ownership of the awarded shares upon completing the vesting period. The Washington Restricted Stock Award Plan aligns employee interests with the long-term success and growth of Coca-Cola Enterprises, Inc. by tying the value of the awards directly to the performance of the company's stock. As the stock price increases, so does the value of the restricted stock awards, providing a powerful motivator for employees to contribute to the company's overall performance and shareholder value. Furthermore, the plan offers certain tax advantages for eligible employees, as the restricted stock awards are subject to favorable tax treatment at the federal and state level. This can result in potential tax savings for employees and enhance the overall value of the awards received. The Washington Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. may have different types or variations based on the level of employee participation, such as the Executive Restricted Stock Award Plan, Managerial Restricted Stock Award Plan, and Employee Restricted Stock Award Plan. Each plan type is tailored to meet the needs of the respective employee group, ensuring that key personnel across various levels and functions benefit from the program. In summary, the Washington Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is an esteemed compensation program designed to reward and incentivize key employees. Through the allocation of restricted stock awards, the plan aligns the interests of employees with the company's long-term success, supplementing their compensation package and fostering a sense of ownership and dedication. Whether it's the Executive, Managerial, or Employee Restricted Stock Award Plan, Coca-Cola Enterprises, Inc. ensures that its employees have ample opportunities to be truly invested in the growth and prosperity of the organization.