Fairfax Virginia Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Fairfax
• 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 Fairfax Virginia Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive employee benefit program designed to incentivize and reward loyal and high-performing individuals within the company. This plan allows eligible employees to receive restricted stock as a form of compensation. Under this plan, Coca-Cola Enterprises, Inc. offers different types of restricted stock awards depending on various factors such as job level, performance, and tenure. These awards may include: 1. Performance-Based Restricted Stock Awards: This type of award is granted based on predefined performance criteria that must be met within a specific timeframe. Employees who exceed performance expectations may receive a greater number of restricted stocks. 2. Time-Based Restricted Stock Awards: This category of awards is granted based on an employee's tenure with the company. Employees receive a predetermined number of restricted stocks after a certain period of continuous service. 3. Restricted Stock Units (RSS): RSS are similar to restricted stocks but are not actual shares of stock. Instead, they represent the right to receive shares in the future, once certain conditions are met, such as a vesting period or meeting certain performance criteria. The Fairfax Virginia Restricted Stock Award Plan is primarily aimed at attracting and retaining top talent by aligning their interests with the long-term success of the company. By providing employees with a stake in the company's performance, this plan encourages them to contribute their best efforts towards achieving Coca-Cola Enterprises, Inc.'s objectives. These restricted stock awards often have vesting schedules, which means that employees must fulfill certain conditions before gaining full ownership of the awarded stock. These conditions typically include a minimum period of continued employment or the achievement of specific corporate or individual performance targets. Employees who participate in the Fairfax Virginia Restricted Stock Award Plan may also enjoy certain tax benefits. The plan is structured to comply with the relevant tax laws and regulations, benefiting both the employees and the company. Overall, the Fairfax Virginia Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a powerful tool for motivating and rewarding employees, fostering loyalty, and aligning their interests with the company's long-term success. It serves as an effective means to attract, retain, and engage top talent, while also promoting the growth and prosperity of the business.

The Fairfax Virginia Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive employee benefit program designed to incentivize and reward loyal and high-performing individuals within the company. This plan allows eligible employees to receive restricted stock as a form of compensation. Under this plan, Coca-Cola Enterprises, Inc. offers different types of restricted stock awards depending on various factors such as job level, performance, and tenure. These awards may include: 1. Performance-Based Restricted Stock Awards: This type of award is granted based on predefined performance criteria that must be met within a specific timeframe. Employees who exceed performance expectations may receive a greater number of restricted stocks. 2. Time-Based Restricted Stock Awards: This category of awards is granted based on an employee's tenure with the company. Employees receive a predetermined number of restricted stocks after a certain period of continuous service. 3. Restricted Stock Units (RSS): RSS are similar to restricted stocks but are not actual shares of stock. Instead, they represent the right to receive shares in the future, once certain conditions are met, such as a vesting period or meeting certain performance criteria. The Fairfax Virginia Restricted Stock Award Plan is primarily aimed at attracting and retaining top talent by aligning their interests with the long-term success of the company. By providing employees with a stake in the company's performance, this plan encourages them to contribute their best efforts towards achieving Coca-Cola Enterprises, Inc.'s objectives. These restricted stock awards often have vesting schedules, which means that employees must fulfill certain conditions before gaining full ownership of the awarded stock. These conditions typically include a minimum period of continued employment or the achievement of specific corporate or individual performance targets. Employees who participate in the Fairfax Virginia Restricted Stock Award Plan may also enjoy certain tax benefits. The plan is structured to comply with the relevant tax laws and regulations, benefiting both the employees and the company. Overall, the Fairfax Virginia Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a powerful tool for motivating and rewarding employees, fostering loyalty, and aligning their interests with the company's long-term success. It serves as an effective means to attract, retain, and engage top talent, while also promoting the growth and prosperity of the business.