Alameda California Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Alameda
• 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 Alameda California Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a compensation plan designed to incentivize and retain key employees of the company. This plan grants eligible participants with restricted stock units (RSS) as a form of long-term compensation. Under this plan, employees are awarded a specific number of RSS, which represent the right to receive shares of Coca-Cola Enterprises, Inc. stock at a future date, typically after a vesting period. The RSS are subject to various restrictions, such as time-based vesting schedules or performance-based conditions that must be met for the RSS to convert into shares of stock. The purpose of implementing a restricted stock award plan is to align the interests of employees with those of the company's shareholders. By offering RSS, Coca-Cola Enterprises, Inc. motivates employees to contribute to the company's growth and profitability, as the value of the RSS is tied to the performance of the company's stock in the market. The Alameda California Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. offers two distinct types of RSS: 1. Time-Based Restricted Stock Units: These RSS vest over a specific period of time. For instance, an employee may be granted RSS that vest over a five-year period, with a percentage of the units becoming eligible for conversion into shares each year. This type of RSU is often used to encourage employee retention and ensure their commitment to the company's long-term success. 2. Performance-Based Restricted Stock Units: This RSS vest based on the achievement of predetermined performance goals and targets. Coca-Cola Enterprises, Inc. sets specific performance metrics, such as revenue growth, profitability, or market share targets, which employees must meet to receive the full value of their RSS. This type of RSU is commonly used to reward employees for achieving exceptional results and driving the company's performance. Overall, the Alameda California Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. serves as a crucial tool for attracting, motivating, and retaining talented employees by offering them a stake in the company's growth and success. This RSS connects employee performance with shareholder value, fostering a sense of ownership and alignment within the organization.

The Alameda California Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a compensation plan designed to incentivize and retain key employees of the company. This plan grants eligible participants with restricted stock units (RSS) as a form of long-term compensation. Under this plan, employees are awarded a specific number of RSS, which represent the right to receive shares of Coca-Cola Enterprises, Inc. stock at a future date, typically after a vesting period. The RSS are subject to various restrictions, such as time-based vesting schedules or performance-based conditions that must be met for the RSS to convert into shares of stock. The purpose of implementing a restricted stock award plan is to align the interests of employees with those of the company's shareholders. By offering RSS, Coca-Cola Enterprises, Inc. motivates employees to contribute to the company's growth and profitability, as the value of the RSS is tied to the performance of the company's stock in the market. The Alameda California Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. offers two distinct types of RSS: 1. Time-Based Restricted Stock Units: These RSS vest over a specific period of time. For instance, an employee may be granted RSS that vest over a five-year period, with a percentage of the units becoming eligible for conversion into shares each year. This type of RSU is often used to encourage employee retention and ensure their commitment to the company's long-term success. 2. Performance-Based Restricted Stock Units: This RSS vest based on the achievement of predetermined performance goals and targets. Coca-Cola Enterprises, Inc. sets specific performance metrics, such as revenue growth, profitability, or market share targets, which employees must meet to receive the full value of their RSS. This type of RSU is commonly used to reward employees for achieving exceptional results and driving the company's performance. Overall, the Alameda California Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. serves as a crucial tool for attracting, motivating, and retaining talented employees by offering them a stake in the company's growth and success. This RSS connects employee performance with shareholder value, fostering a sense of ownership and alignment within the organization.