Collin Texas Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Collin
• 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 Collin Texas Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive compensation program designed to provide incentives to its employees by rewarding them with restricted stock awards. These awards serve as a way for employees to share in the company's success and align their interests with the long-term performance and growth of Coca-Cola Enterprises, Inc. Under this plan, eligible employees are granted restricted stock units (RSS), which represent a right to receive a specified number of shares of Coca-Cola Enterprises, Inc.'s common stock at a future date. The RSS are subject to certain restrictions, such as vesting requirements, which regulate when the shares can be sold or transferred. The Collin Texas Restricted Stock Award Plan emphasizes long-term value creation and encourages employee retention by providing a compelling incentive to contribute to the company's growth and profitability. By tying rewards to the company's stock performance, employees have a vested interest in driving the company's success and increasing shareholder value. The plan offers various types of restricted stock awards based on different parameters and employee categories. For example, there may be stock awards granted to executives, management personnel, or specific departments within the company. Each category of employees may have distinct eligibility criteria and vesting schedules to ensure appropriate alignment of goals and retention of key talent. The Collin Texas Restricted Stock Award Plan also incorporates important provisions designed to protect the company's interests and ensure a responsible governance structure. For instance, the plan may include clawback provisions that allow the company to recover previously granted awards in the event of certain misconduct or financial restatements. By including such safeguards, Coca-Cola Enterprises, Inc. can maintain the integrity of the plan and reinforce a commitment to ethical practices. Overall, the Collin Texas Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. serves as a critical tool for attracting and retaining top talent while promoting long-term value creation. By offering employees the opportunity to become shareholders and benefit from the company's performance, the plan fosters a culture of engagement, collaboration, and accountability.

The Collin Texas Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive compensation program designed to provide incentives to its employees by rewarding them with restricted stock awards. These awards serve as a way for employees to share in the company's success and align their interests with the long-term performance and growth of Coca-Cola Enterprises, Inc. Under this plan, eligible employees are granted restricted stock units (RSS), which represent a right to receive a specified number of shares of Coca-Cola Enterprises, Inc.'s common stock at a future date. The RSS are subject to certain restrictions, such as vesting requirements, which regulate when the shares can be sold or transferred. The Collin Texas Restricted Stock Award Plan emphasizes long-term value creation and encourages employee retention by providing a compelling incentive to contribute to the company's growth and profitability. By tying rewards to the company's stock performance, employees have a vested interest in driving the company's success and increasing shareholder value. The plan offers various types of restricted stock awards based on different parameters and employee categories. For example, there may be stock awards granted to executives, management personnel, or specific departments within the company. Each category of employees may have distinct eligibility criteria and vesting schedules to ensure appropriate alignment of goals and retention of key talent. The Collin Texas Restricted Stock Award Plan also incorporates important provisions designed to protect the company's interests and ensure a responsible governance structure. For instance, the plan may include clawback provisions that allow the company to recover previously granted awards in the event of certain misconduct or financial restatements. By including such safeguards, Coca-Cola Enterprises, Inc. can maintain the integrity of the plan and reinforce a commitment to ethical practices. Overall, the Collin Texas Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. serves as a critical tool for attracting and retaining top talent while promoting long-term value creation. By offering employees the opportunity to become shareholders and benefit from the company's performance, the plan fosters a culture of engagement, collaboration, and accountability.