Bronx New York Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Bronx
• 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 Bronx, New York Restricted Stock Award Plan is a specific incentive program offered by Coca-Cola Enterprises, Inc. (CCE) to its eligible employees who operate within the Bronx area of New York. This plan aims to provide long-term incentives to employees and align their interests with the welfare and success of the company. Under the Bronx, New York Restricted Stock Award Plan, eligible employees of CCE in the Bronx area can receive awards in the form of restricted stock units (RSS). RSS is a form of compensation where employees are granted a specified number of shares of CCE stock that will vest and become their own property over a certain period of time or upon meeting certain performance goals. By utilizing restricted stock units, this plan assists CCE in attracting, retaining, and motivating top talent in the Bronx area. It ensures that employees are committed to the continued growth and profitability of CCE as their vested interest in the company's stock value increases over time. The Bronx, New York Restricted Stock Award Plan offers various types of awards based on predetermined criteria. These awards may differ in terms of the number of RSS granted, the vesting period, and the performance goals that need to be achieved. Some potential types of awards under this plan may include: 1. Performance-Based Awards: These awards are granted based on predefined performance goals set by CCE. The achievement of these goals, such as meeting sales targets or attaining specific financial metrics, determines the number of RSS that will vest. 2. Time-Based Awards: These awards provide employees with RSS that will vest over a predetermined period, usually through regular intervals. For example, an employee may receive a certain number of RSS each year, and upon completion of the specified tenure, they will become fully vested. 3. Promotion or Leadership Awards: CCE may offer special restricted stock awards to employees who have demonstrated exceptional performance, leadership qualities, or have been promoted to higher positions within the organization. These awards can serve as motivation for continued growth and development within the company. 4. Retention Awards: In certain cases, CCE may provide retention incentives to key employees who possess critical skills or knowledge. These awards are designed to encourage employee loyalty and discourage turnover. With the vesting of RSS over a specific period, employees are more likely to stay with the company. It's important to note that the specific terms and conditions of the Bronx, New York Restricted Stock Award Plan may vary, and employees are typically provided with a detailed plan document outlining their eligibility, vesting schedule, and any other pertinent information. In summary, the Bronx, New York Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive program specifically designed to provide employees in the Bronx area with long-term incentives in the form of restricted stock units. By offering different types of awards based on performance, time, promotion, or retention, the plan aims to attract, motivate, and retain top talent within the company.

The Bronx, New York Restricted Stock Award Plan is a specific incentive program offered by Coca-Cola Enterprises, Inc. (CCE) to its eligible employees who operate within the Bronx area of New York. This plan aims to provide long-term incentives to employees and align their interests with the welfare and success of the company. Under the Bronx, New York Restricted Stock Award Plan, eligible employees of CCE in the Bronx area can receive awards in the form of restricted stock units (RSS). RSS is a form of compensation where employees are granted a specified number of shares of CCE stock that will vest and become their own property over a certain period of time or upon meeting certain performance goals. By utilizing restricted stock units, this plan assists CCE in attracting, retaining, and motivating top talent in the Bronx area. It ensures that employees are committed to the continued growth and profitability of CCE as their vested interest in the company's stock value increases over time. The Bronx, New York Restricted Stock Award Plan offers various types of awards based on predetermined criteria. These awards may differ in terms of the number of RSS granted, the vesting period, and the performance goals that need to be achieved. Some potential types of awards under this plan may include: 1. Performance-Based Awards: These awards are granted based on predefined performance goals set by CCE. The achievement of these goals, such as meeting sales targets or attaining specific financial metrics, determines the number of RSS that will vest. 2. Time-Based Awards: These awards provide employees with RSS that will vest over a predetermined period, usually through regular intervals. For example, an employee may receive a certain number of RSS each year, and upon completion of the specified tenure, they will become fully vested. 3. Promotion or Leadership Awards: CCE may offer special restricted stock awards to employees who have demonstrated exceptional performance, leadership qualities, or have been promoted to higher positions within the organization. These awards can serve as motivation for continued growth and development within the company. 4. Retention Awards: In certain cases, CCE may provide retention incentives to key employees who possess critical skills or knowledge. These awards are designed to encourage employee loyalty and discourage turnover. With the vesting of RSS over a specific period, employees are more likely to stay with the company. It's important to note that the specific terms and conditions of the Bronx, New York Restricted Stock Award Plan may vary, and employees are typically provided with a detailed plan document outlining their eligibility, vesting schedule, and any other pertinent information. In summary, the Bronx, New York Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive program specifically designed to provide employees in the Bronx area with long-term incentives in the form of restricted stock units. By offering different types of awards based on performance, time, promotion, or retention, the plan aims to attract, motivate, and retain top talent within the company.