West 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 West Virginia Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a compensation program specifically designed for employees working in the state of West Virginia. This plan offers various types of awards to eligible employees to appreciate and incentivize their hard work and dedication. The West Virginia Restricted Stock Award Plan aims to motivate employees by granting them shares of the company's stock. These awards are subject to certain restrictions and conditions determined by Coca-Cola Enterprises, Inc. to maintain the integrity and longevity of the program. One type of award under the plan is the restricted stock unit (RSU). RSS are grants that entitle the employee to receive a certain number of company shares upon the achievement of specified vesting conditions. The shares awarded to an employee are "restricted" until the vesting conditions are fully met. Another type of award offered is the performance-based stock unit (PSU). Plus are granted based upon an employee's achievement of predetermined performance goals. These goals are set by Coca-Cola Enterprises, Inc. and must be met over a specific period. Once the goals are met, the employee is eligible to receive company shares. Employees who are part of the West Virginia Restricted Stock Award Plan may also have the opportunity to receive dividend equivalents. Dividend equivalents represent the cash value equivalent of the dividends paid by Coca-Cola Enterprises, Inc. on the shares underlying the awards. These equivalents are either paid out in cash or reinvested, subject to plan provisions. It is important to note that the specific terms and conditions of the West Virginia Restricted Stock Award Plan may vary depending on the employee's position, length of service, and other factors. Additionally, all participants in the plan must adhere to the terms outlined in the plan document and any amendments made by Coca-Cola Enterprises, Inc. Overall, the West Virginia Restricted Stock Award Plan is an advantageous compensation program available to eligible employees of Coca-Cola Enterprises, Inc. in West Virginia. Through the offering of various types of awards, such as RSS and Plus, this plan aims to reward and incentivize employees to contribute to the long-term success of the company.

The West Virginia Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a compensation program specifically designed for employees working in the state of West Virginia. This plan offers various types of awards to eligible employees to appreciate and incentivize their hard work and dedication. The West Virginia Restricted Stock Award Plan aims to motivate employees by granting them shares of the company's stock. These awards are subject to certain restrictions and conditions determined by Coca-Cola Enterprises, Inc. to maintain the integrity and longevity of the program. One type of award under the plan is the restricted stock unit (RSU). RSS are grants that entitle the employee to receive a certain number of company shares upon the achievement of specified vesting conditions. The shares awarded to an employee are "restricted" until the vesting conditions are fully met. Another type of award offered is the performance-based stock unit (PSU). Plus are granted based upon an employee's achievement of predetermined performance goals. These goals are set by Coca-Cola Enterprises, Inc. and must be met over a specific period. Once the goals are met, the employee is eligible to receive company shares. Employees who are part of the West Virginia Restricted Stock Award Plan may also have the opportunity to receive dividend equivalents. Dividend equivalents represent the cash value equivalent of the dividends paid by Coca-Cola Enterprises, Inc. on the shares underlying the awards. These equivalents are either paid out in cash or reinvested, subject to plan provisions. It is important to note that the specific terms and conditions of the West Virginia Restricted Stock Award Plan may vary depending on the employee's position, length of service, and other factors. Additionally, all participants in the plan must adhere to the terms outlined in the plan document and any amendments made by Coca-Cola Enterprises, Inc. Overall, the West Virginia Restricted Stock Award Plan is an advantageous compensation program available to eligible employees of Coca-Cola Enterprises, Inc. in West Virginia. Through the offering of various types of awards, such as RSS and Plus, this plan aims to reward and incentivize employees to contribute to the long-term success of the company.