Cuyahoga Ohio Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Cuyahoga
• 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 Cuyahoga Ohio Restricted Stock Award Plan is an integral part of the compensation package offered by Coca-Cola Enterprises, Inc. to its employees. This plan aims to provide additional incentives and rewards to employees, encouraging them to contribute to the company's overall growth and success. The restricted stock awards are given to eligible employees based on certain predetermined criteria, and they offer numerous benefits. Under the Cuyahoga Ohio Restricted Stock Award Plan, employees who meet the eligibility criteria are granted shares of Coca-Cola Enterprises, Inc. stock. However, these shares come with specific restrictions and conditions attached to them. The restrictions are put in place to ensure that employees stay committed to the company in the long run, fostering loyalty and dedication. One of the primary conditions of the plan is that the granted shares are subject to a vesting period. This means that employees would have to wait for a certain period of time before they can fully exercise their ownership rights over the shares. This restriction serves to align the interests of the employees with those of the company, as it encourages them to stay with Coca-Cola Enterprises, Inc. for a longer duration. Another notable feature of the Cuyahoga Ohio Restricted Stock Award Plan is that it provides employees with potential dividends. During the restricted period, employees may receive dividends on their awarded shares, even though they are yet to fully vest. This allows employees to participate in the company's financial success and further motivates them to excel in their roles. It's worth mentioning that there may be different types or variations of the Cuyahoga Ohio Restricted Stock Award Plan offered by Coca-Cola Enterprises, Inc. These variations could be designed to meet the needs of specific employee groups or as part of a merger or acquisition agreement. However, specific details and names of such variations would require further investigation as they are not readily available. In summary, the Cuyahoga Ohio Restricted Stock Award Plan implemented by Coca-Cola Enterprises, Inc. is a comprehensive compensation strategy that grants eligible employees shares of the company's stock. Through this plan, Coca-Cola Enterprises, Inc. aims to incentivize employees, promote long-term commitment, and align their interests with the company's overall growth and success. This plan offers numerous benefits to employees as they progress through the vesting period, fostering loyalty and dedication.

The Cuyahoga Ohio Restricted Stock Award Plan is an integral part of the compensation package offered by Coca-Cola Enterprises, Inc. to its employees. This plan aims to provide additional incentives and rewards to employees, encouraging them to contribute to the company's overall growth and success. The restricted stock awards are given to eligible employees based on certain predetermined criteria, and they offer numerous benefits. Under the Cuyahoga Ohio Restricted Stock Award Plan, employees who meet the eligibility criteria are granted shares of Coca-Cola Enterprises, Inc. stock. However, these shares come with specific restrictions and conditions attached to them. The restrictions are put in place to ensure that employees stay committed to the company in the long run, fostering loyalty and dedication. One of the primary conditions of the plan is that the granted shares are subject to a vesting period. This means that employees would have to wait for a certain period of time before they can fully exercise their ownership rights over the shares. This restriction serves to align the interests of the employees with those of the company, as it encourages them to stay with Coca-Cola Enterprises, Inc. for a longer duration. Another notable feature of the Cuyahoga Ohio Restricted Stock Award Plan is that it provides employees with potential dividends. During the restricted period, employees may receive dividends on their awarded shares, even though they are yet to fully vest. This allows employees to participate in the company's financial success and further motivates them to excel in their roles. It's worth mentioning that there may be different types or variations of the Cuyahoga Ohio Restricted Stock Award Plan offered by Coca-Cola Enterprises, Inc. These variations could be designed to meet the needs of specific employee groups or as part of a merger or acquisition agreement. However, specific details and names of such variations would require further investigation as they are not readily available. In summary, the Cuyahoga Ohio Restricted Stock Award Plan implemented by Coca-Cola Enterprises, Inc. is a comprehensive compensation strategy that grants eligible employees shares of the company's stock. Through this plan, Coca-Cola Enterprises, Inc. aims to incentivize employees, promote long-term commitment, and align their interests with the company's overall growth and success. This plan offers numerous benefits to employees as they progress through the vesting period, fostering loyalty and dedication.