Fairfax Virginia Approval of Restricted Stock Award Plan for Coca-Cola Enterprises, Inc.

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

Description

This is a multi-state form covering the subject matter of the title. Fairfax Virginia Approval of Restricted Stock Award Plan for Coca-Cola Enterprises, Inc. The Fairfax Virginia Approval of Restricted Stock Award Plan for Coca-Cola Enterprises, Inc. is part of the comprehensive employee compensation package for the company's workforce. This plan allows eligible employees in Fairfax, Virginia, to receive restricted stock units (RSS) as a form of long-term incentive compensation. The primary objective of this program is to align employees' interests with the long-term growth and success of Coca-Cola Enterprises, Inc. RSS are a valuable way for employees to share in the company's financial performance and foster a sense of ownership and commitment to its goals. The Fairfax Virginia Approval of Restricted Stock Award Plan offers several types of restricted stock awards depending on the specific eligibility criteria and performance requirements. These awards may include: 1. Performance-Based Restricted Stock Units: This RSS is granted to employees based on their individual, team, or company-wide performance goals. These goals can be financial targets, market share growth, or any other performance metrics deemed relevant to measuring success. 2. Time-Based Restricted Stock Units: This RSS is granted to employees based on their length of service, and vest over a specified period of time. As employees fulfill the vesting requirements, they gain ownership of the awarded RSS, enabling them to sell or retain their shares as desired. 3. Executive Level Restricted Stock Units: This type of RSU is designed specifically for senior executives and key decision-makers within the company. These awards are typically larger in magnitude and serve as a critical component of the overall executive compensation package. To be eligible for participation in this program, employees must meet certain criteria, including job level, performance history, and continuous service. The plan is subject to approval by the Fairfax, Virginia authorities and complies with all applicable laws and regulations. The Fairfax Virginia Approval of Restricted Stock Award Plan demonstrates Coca-Cola Enterprises, Inc.'s commitment to recognizing and rewarding employee contributions. By offering RSS, the company strives to encourage employee retention, motivate high performance, and strengthen its position as a leading employer in Fairfax, Virginia. This plan serves as an integral part of the company's overall compensation strategy, providing employees with a tangible stake in the long-term success of Coca-Cola Enterprises, Inc.

Fairfax Virginia Approval of Restricted Stock Award Plan for Coca-Cola Enterprises, Inc. The Fairfax Virginia Approval of Restricted Stock Award Plan for Coca-Cola Enterprises, Inc. is part of the comprehensive employee compensation package for the company's workforce. This plan allows eligible employees in Fairfax, Virginia, to receive restricted stock units (RSS) as a form of long-term incentive compensation. The primary objective of this program is to align employees' interests with the long-term growth and success of Coca-Cola Enterprises, Inc. RSS are a valuable way for employees to share in the company's financial performance and foster a sense of ownership and commitment to its goals. The Fairfax Virginia Approval of Restricted Stock Award Plan offers several types of restricted stock awards depending on the specific eligibility criteria and performance requirements. These awards may include: 1. Performance-Based Restricted Stock Units: This RSS is granted to employees based on their individual, team, or company-wide performance goals. These goals can be financial targets, market share growth, or any other performance metrics deemed relevant to measuring success. 2. Time-Based Restricted Stock Units: This RSS is granted to employees based on their length of service, and vest over a specified period of time. As employees fulfill the vesting requirements, they gain ownership of the awarded RSS, enabling them to sell or retain their shares as desired. 3. Executive Level Restricted Stock Units: This type of RSU is designed specifically for senior executives and key decision-makers within the company. These awards are typically larger in magnitude and serve as a critical component of the overall executive compensation package. To be eligible for participation in this program, employees must meet certain criteria, including job level, performance history, and continuous service. The plan is subject to approval by the Fairfax, Virginia authorities and complies with all applicable laws and regulations. The Fairfax Virginia Approval of Restricted Stock Award Plan demonstrates Coca-Cola Enterprises, Inc.'s commitment to recognizing and rewarding employee contributions. By offering RSS, the company strives to encourage employee retention, motivate high performance, and strengthen its position as a leading employer in Fairfax, Virginia. This plan serves as an integral part of the company's overall compensation strategy, providing employees with a tangible stake in the long-term success of Coca-Cola Enterprises, Inc.