Harris Texas Approval of Restricted Stock Award Plan for Coca-Cola Enterprises, Inc.

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

Description

This is a multi-state form covering the subject matter of the title. Harris County's Approval of Restricted Stock Award Plan for Coca-Cola Enterprises, Inc. In 2015, Harris County, Texas, approved the implementation of a Restricted Stock Award Plan for Coca-Cola Enterprises, Inc. This plan aimed to incentivize and reward key employees of the company by granting them restricted stock units (RSS). The approval of this plan by Harris County was a significant step in enhancing the corporate governance structure of Coca-Cola Enterprises, Inc. and ensuring the best interests of shareholders and employees. The Harris Texas Approval of Restricted Stock Award Plan for Coca-Cola Enterprises, Inc. had several key features and benefits: 1. Restricted Stock Units (RSS): Under this plan, eligible employees were granted RSS, which represented a certain number of shares of Coca-Cola Enterprises, Inc. stock. This RSS were subject to vesting conditions, such as completing a specified period of service or achieving certain performance objectives. 2. Equity-Based Compensation: The plan aimed to align the interests of employees with those of shareholders by providing them with equity-based compensation. This would encourage employees to contribute to the long-term success of Coca-Cola Enterprises, Inc. and enhance shareholder value. 3. Retention and Attraction of Talent: Through the Restricted Stock Award Plan, Coca-Cola Enterprises, Inc. sought to retain and attract talented individuals crucial to the company's growth and success. The RSS served as a valuable tool for attracting top-tier talent and motivating employees to stay with the company. 4. Performance-Based Vesting: The RSS granted under the plan were subject to performance-based vesting conditions. This ensured that employees had to meet specific performance targets or goals before being able to fully realize the value of their RSS. Performance-based vesting enhanced the alignment between employee performance and compensation. 5. Shareholder Protection: The Approval of Restricted Stock Award Plan by Harris County demonstrated their commitment to protecting the interests of Coca-Cola Enterprises, Inc.'s shareholders. The plan was designed with careful consideration of corporate governance principles and provided a fair and transparent framework for awarding restricted stock units. Other types of Harris Texas Approval of Restricted Stock Award Plans for Coca-Cola Enterprises, Inc. may include: 1. Long-Term Incentive Plan: This plan may offer additional forms of equity-based or performance-based compensation, such as stock options or performance shares, to eligible employees to align their interests with those of shareholders. 2. Global RSU Plan: Coca-Cola Enterprises, Inc. may implement a global Restricted Stock Unit plan that extends beyond Harris County, Texas. Such a plan could enable the company to grant RSS to eligible employees worldwide, attracting and retaining talent on a global scale. In conclusion, Harris County, Texas, played a vital role in approving the Restricted Stock Award Plan for Coca-Cola Enterprises, Inc. This plan provided a means to reward and motivate key employees through RSS, ensuring the alignment of employee and shareholder interests. The approval demonstrated Harris County's commitment to sound corporate governance practices and safeguarding shareholder value.

Harris County's Approval of Restricted Stock Award Plan for Coca-Cola Enterprises, Inc. In 2015, Harris County, Texas, approved the implementation of a Restricted Stock Award Plan for Coca-Cola Enterprises, Inc. This plan aimed to incentivize and reward key employees of the company by granting them restricted stock units (RSS). The approval of this plan by Harris County was a significant step in enhancing the corporate governance structure of Coca-Cola Enterprises, Inc. and ensuring the best interests of shareholders and employees. The Harris Texas Approval of Restricted Stock Award Plan for Coca-Cola Enterprises, Inc. had several key features and benefits: 1. Restricted Stock Units (RSS): Under this plan, eligible employees were granted RSS, which represented a certain number of shares of Coca-Cola Enterprises, Inc. stock. This RSS were subject to vesting conditions, such as completing a specified period of service or achieving certain performance objectives. 2. Equity-Based Compensation: The plan aimed to align the interests of employees with those of shareholders by providing them with equity-based compensation. This would encourage employees to contribute to the long-term success of Coca-Cola Enterprises, Inc. and enhance shareholder value. 3. Retention and Attraction of Talent: Through the Restricted Stock Award Plan, Coca-Cola Enterprises, Inc. sought to retain and attract talented individuals crucial to the company's growth and success. The RSS served as a valuable tool for attracting top-tier talent and motivating employees to stay with the company. 4. Performance-Based Vesting: The RSS granted under the plan were subject to performance-based vesting conditions. This ensured that employees had to meet specific performance targets or goals before being able to fully realize the value of their RSS. Performance-based vesting enhanced the alignment between employee performance and compensation. 5. Shareholder Protection: The Approval of Restricted Stock Award Plan by Harris County demonstrated their commitment to protecting the interests of Coca-Cola Enterprises, Inc.'s shareholders. The plan was designed with careful consideration of corporate governance principles and provided a fair and transparent framework for awarding restricted stock units. Other types of Harris Texas Approval of Restricted Stock Award Plans for Coca-Cola Enterprises, Inc. may include: 1. Long-Term Incentive Plan: This plan may offer additional forms of equity-based or performance-based compensation, such as stock options or performance shares, to eligible employees to align their interests with those of shareholders. 2. Global RSU Plan: Coca-Cola Enterprises, Inc. may implement a global Restricted Stock Unit plan that extends beyond Harris County, Texas. Such a plan could enable the company to grant RSS to eligible employees worldwide, attracting and retaining talent on a global scale. In conclusion, Harris County, Texas, played a vital role in approving the Restricted Stock Award Plan for Coca-Cola Enterprises, Inc. This plan provided a means to reward and motivate key employees through RSS, ensuring the alignment of employee and shareholder interests. The approval demonstrated Harris County's commitment to sound corporate governance practices and safeguarding shareholder value.