Wisconsin 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 Wisconsin Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive compensation program designed to reward and retain key employees of the company based in Wisconsin. This plan offers an enticing incentive by granting eligible employees a specified number of restricted stock units (RSS). This RSS serve as a form of equity compensation, providing employees with a tangible ownership stake in the company. The Wisconsin Restricted Stock Award Plan aims to align the interests of employees with those of the company, motivating and engaging them to contribute to the organization's long-term success. The plan follows a vesting schedule, where employees are granted RSS that vest over a predetermined period, usually a few years. Once vested, employees gain the right to receive the actual shares of Coca-Cola Enterprises, Inc. stock. By incorporating a vesting schedule, the plan encourages employee loyalty, as the full benefits of the RSS are only realized upon completion of the vesting period. This mechanism ensures that employees stay committed to the company's growth and profitability over an extended duration. The Wisconsin Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. encompasses various types of restricted stock awards tailored to meet different objectives. These include: 1. Performance-Based Restricted Stock: This type of award is granted based on meeting specific performance targets, such as sales goals, profitability, or market share. Performance-based awards incentivize employees to contribute significantly to the company's success in achieving pre-defined objectives. 2. Time-Based Restricted Stock: Time-based RSS are awarded to employees based on their length of service or tenure, typically vesting annually over a set period. This type of award motivates employees to remain with the company, as they gradually accumulate ownership over time. 3. Promotion or Position-Based Restricted Stock: This RSS is often granted to employees who are promoted or assume new higher-level positions within the company. This type of award serves as recognition for their increased responsibilities and encourages continued dedication to their new roles. 4. Retention-Based Restricted Stock: To retain key talent, Coca-Cola Enterprises, Inc. may grant retention-based restricted stock awards. This RSS is given to employees who possess critical skills or expertise vital to the company's ongoing success. By offering such awards, the plan ensures that essential individuals remain committed to the company for an extended period. The Wisconsin Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is designed to attract, motivate, and retain talented employees in the state. By effectively utilizing RSS as a form of compensation, the plan instills a sense of ownership among employees and aligns their interests with the company's long-term objectives, ultimately fostering a culture of loyalty and dedication.

The Wisconsin Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive compensation program designed to reward and retain key employees of the company based in Wisconsin. This plan offers an enticing incentive by granting eligible employees a specified number of restricted stock units (RSS). This RSS serve as a form of equity compensation, providing employees with a tangible ownership stake in the company. The Wisconsin Restricted Stock Award Plan aims to align the interests of employees with those of the company, motivating and engaging them to contribute to the organization's long-term success. The plan follows a vesting schedule, where employees are granted RSS that vest over a predetermined period, usually a few years. Once vested, employees gain the right to receive the actual shares of Coca-Cola Enterprises, Inc. stock. By incorporating a vesting schedule, the plan encourages employee loyalty, as the full benefits of the RSS are only realized upon completion of the vesting period. This mechanism ensures that employees stay committed to the company's growth and profitability over an extended duration. The Wisconsin Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. encompasses various types of restricted stock awards tailored to meet different objectives. These include: 1. Performance-Based Restricted Stock: This type of award is granted based on meeting specific performance targets, such as sales goals, profitability, or market share. Performance-based awards incentivize employees to contribute significantly to the company's success in achieving pre-defined objectives. 2. Time-Based Restricted Stock: Time-based RSS are awarded to employees based on their length of service or tenure, typically vesting annually over a set period. This type of award motivates employees to remain with the company, as they gradually accumulate ownership over time. 3. Promotion or Position-Based Restricted Stock: This RSS is often granted to employees who are promoted or assume new higher-level positions within the company. This type of award serves as recognition for their increased responsibilities and encourages continued dedication to their new roles. 4. Retention-Based Restricted Stock: To retain key talent, Coca-Cola Enterprises, Inc. may grant retention-based restricted stock awards. This RSS is given to employees who possess critical skills or expertise vital to the company's ongoing success. By offering such awards, the plan ensures that essential individuals remain committed to the company for an extended period. The Wisconsin Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is designed to attract, motivate, and retain talented employees in the state. By effectively utilizing RSS as a form of compensation, the plan instills a sense of ownership among employees and aligns their interests with the company's long-term objectives, ultimately fostering a culture of loyalty and dedication.