Fulton Georgia Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Fulton
• 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 Fulton Georgia Restricted Stock Award Plan is a comprehensive compensation structure established by Coca-Cola Enterprises, Inc. for its employees based in Fulton, Georgia. This plan aims to incentivize and reward eligible employees by granting them restricted stock awards, which are shares of the company's stock subject to certain restrictions and conditions. Under the Fulton Georgia Restricted Stock Award Plan, employees who meet specific criteria, such as years of service or job performance, can receive restricted stock units (RSS) as part of their compensation package. This RSS represents the right to receive a specified number of shares of Coca-Cola Enterprises' common stock at a predetermined future date. An important feature of this plan is the restriction period, during which the awarded shares remain subject to certain conditions. These conditions may include continued employment, achieving performance targets, or reaching specific milestones. Until the restriction period expires, employees generally cannot sell, transfer, or pledge the shares. The Fulton Georgia Restricted Stock Award Plan incentivizes employees to be stewards of Coca-Cola Enterprises' long-term success by aligning their interests with those of the company's shareholders. By providing employees with a vested interest in the company's performance, this plan encourages them to work towards enhancing shareholder value, promoting corporate growth, and driving profitability. It is worth noting that the specific details and provisions of the Fulton Georgia Restricted Stock Award Plan may vary depending on an employee's job level, seniority, or other factors. Different types or tiers of this plan may exist to tailor the benefits based on the specific employee group or individual circumstances. Additionally, variations of the Fulton Georgia Restricted Stock Award Plan may be created to accommodate changes in corporate structure, mergers, acquisitions, or divestitures. These adapted plans could be designed to ensure smooth transitions and continuity of the compensation structure while aligning with the new organizational framework. Overall, the Fulton Georgia Restricted Stock Award Plan plays a significant role in attracting and retaining talent within Coca-Cola Enterprises, Inc. by offering an additional incentive through equity ownership. It fosters employee engagement and motivation while reinforcing the company's commitment to long-term value creation.

The Fulton Georgia Restricted Stock Award Plan is a comprehensive compensation structure established by Coca-Cola Enterprises, Inc. for its employees based in Fulton, Georgia. This plan aims to incentivize and reward eligible employees by granting them restricted stock awards, which are shares of the company's stock subject to certain restrictions and conditions. Under the Fulton Georgia Restricted Stock Award Plan, employees who meet specific criteria, such as years of service or job performance, can receive restricted stock units (RSS) as part of their compensation package. This RSS represents the right to receive a specified number of shares of Coca-Cola Enterprises' common stock at a predetermined future date. An important feature of this plan is the restriction period, during which the awarded shares remain subject to certain conditions. These conditions may include continued employment, achieving performance targets, or reaching specific milestones. Until the restriction period expires, employees generally cannot sell, transfer, or pledge the shares. The Fulton Georgia Restricted Stock Award Plan incentivizes employees to be stewards of Coca-Cola Enterprises' long-term success by aligning their interests with those of the company's shareholders. By providing employees with a vested interest in the company's performance, this plan encourages them to work towards enhancing shareholder value, promoting corporate growth, and driving profitability. It is worth noting that the specific details and provisions of the Fulton Georgia Restricted Stock Award Plan may vary depending on an employee's job level, seniority, or other factors. Different types or tiers of this plan may exist to tailor the benefits based on the specific employee group or individual circumstances. Additionally, variations of the Fulton Georgia Restricted Stock Award Plan may be created to accommodate changes in corporate structure, mergers, acquisitions, or divestitures. These adapted plans could be designed to ensure smooth transitions and continuity of the compensation structure while aligning with the new organizational framework. Overall, the Fulton Georgia Restricted Stock Award Plan plays a significant role in attracting and retaining talent within Coca-Cola Enterprises, Inc. by offering an additional incentive through equity ownership. It fosters employee engagement and motivation while reinforcing the company's commitment to long-term value creation.