Allegheny Pennsylvania Approval of Restricted Stock Award Plan for Coca-Cola Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Allegheny
• Control #: US-CC-20-163E-NE
• Format: Word; Rich Text

Description

This is a multi-state form covering the subject matter of the title. Allegheny Pennsylvania Approval of Restricted Stock Award Plan for Coca-Cola Enterprises, Inc. The Allegheny Pennsylvania Approval of Restricted Stock Award Plan is a comprehensive program implemented by Coca-Cola Enterprises, Inc. to attract and retain top talent within the organization. This plan provides eligible employees with an opportunity to receive restricted stock awards as a part of their compensation package. These awards are subject to certain restrictions and vesting schedules, ensuring that employees remain committed to the company's long-term success. The restricted stock awards granted through this plan are based on numerous factors, including the individual's position within the company, performance, and years of service. These awards are designed to align the interests of the employees with those of the company's shareholders, promoting long-term growth and success. One type of restricted stock award offered under this plan is the Performance-Based Restricted Stock (PRS). This type of award is granted based on the achievement of predetermined performance goals set by the company. Once these goals are met, the restricted stock units become vested, allowing employees to receive the shares of Coca-Cola Enterprises, Inc.'s common stock. This incentivizes employees to work towards achieving the company's objectives and rewards their contributions to its overall performance. Another type of restricted stock award available through the plan is the Time-Based Restricted Stock (TORS). Unlike PRS, TORS awards are not tied to specific performance goals but are based solely on the employee's tenure with the company. These awards typically vest over a period of time, encouraging long-term commitment and engagement from employees. The Allegheny Pennsylvania Approval of Restricted Stock Award Plan also includes provisions regarding the treatment of restricted stock units in the event of a change of control, such as a merger or acquisition. This ensures that employees continue to benefit from their restricted stock awards, regardless of potential organizational changes. By implementing this comprehensive restricted stock award plan, Coca-Cola Enterprises, Inc. aims to attract and retain highly skilled professionals in Allegheny Pennsylvania. This plan provides employees with a valuable opportunity to align their financial interests with the overall success of the company, fostering a sense of ownership and dedication.

Allegheny Pennsylvania Approval of Restricted Stock Award Plan for Coca-Cola Enterprises, Inc. The Allegheny Pennsylvania Approval of Restricted Stock Award Plan is a comprehensive program implemented by Coca-Cola Enterprises, Inc. to attract and retain top talent within the organization. This plan provides eligible employees with an opportunity to receive restricted stock awards as a part of their compensation package. These awards are subject to certain restrictions and vesting schedules, ensuring that employees remain committed to the company's long-term success. The restricted stock awards granted through this plan are based on numerous factors, including the individual's position within the company, performance, and years of service. These awards are designed to align the interests of the employees with those of the company's shareholders, promoting long-term growth and success. One type of restricted stock award offered under this plan is the Performance-Based Restricted Stock (PRS). This type of award is granted based on the achievement of predetermined performance goals set by the company. Once these goals are met, the restricted stock units become vested, allowing employees to receive the shares of Coca-Cola Enterprises, Inc.'s common stock. This incentivizes employees to work towards achieving the company's objectives and rewards their contributions to its overall performance. Another type of restricted stock award available through the plan is the Time-Based Restricted Stock (TORS). Unlike PRS, TORS awards are not tied to specific performance goals but are based solely on the employee's tenure with the company. These awards typically vest over a period of time, encouraging long-term commitment and engagement from employees. The Allegheny Pennsylvania Approval of Restricted Stock Award Plan also includes provisions regarding the treatment of restricted stock units in the event of a change of control, such as a merger or acquisition. This ensures that employees continue to benefit from their restricted stock awards, regardless of potential organizational changes. By implementing this comprehensive restricted stock award plan, Coca-Cola Enterprises, Inc. aims to attract and retain highly skilled professionals in Allegheny Pennsylvania. This plan provides employees with a valuable opportunity to align their financial interests with the overall success of the company, fostering a sense of ownership and dedication.