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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Harris
• 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 Harris Texas Restricted Stock Award Plan is a significant aspect of the compensation package offered by Coca-Cola Enterprises, Inc. It is an employee benefit program designed to reward key employees with company shares, thereby fostering loyalty, retention, and alignment with the company's long-term growth objectives. With a distinguished history, the Harris Texas Restricted Stock Award Plan has become an instrumental tool in attracting and retaining top talent in the competitive corporate landscape. As part of this plan, eligible employees of Coca-Cola Enterprises, Inc. based in Harris, Texas are granted restricted stock awards, which are company shares subject to certain restrictions. These awards provide employees with an opportunity to participate in the company's success, as the value of the awarded shares can appreciate over time. However, the shares remain restricted until specific conditions outlined in the plan are satisfied. The Harris Texas Restricted Stock Award Plan offers various types of restricted stock awards to employees, each with its own unique features: 1. Performance-Based Restricted Stock Awards: These awards are granted based on the achievement of predefined performance goals, which may include financial targets, market share growth, or other key performance indicators. By linking the award to the company's performance objectives, Coca-Cola Enterprises, Inc. aims to incentivize employees to contribute towards the company's strategic goals. 2. Time-Based Restricted Stock Awards: These awards are granted to employees on a time-based schedule, meaning that the shares vest over a specified period of time. The shares typically vest in increments over multiple years, encouraging employees to maintain a long-term commitment to the company. 3. Restricted Stock Units (RSS): RSS are similar to restricted stock awards but are valued in units rather than shares. Employees receive a specified number of RSS, and upon vesting, they have the option to convert them into company shares or receive their equivalent cash value. This flexibility allows employees to choose the most favorable option based on their personal financial planning. 4. Incentive Stock Options (SOS): While not strictly categorized as restricted stock awards, SOS are another notable element of the comprehensive compensation package for eligible employees. These stock options grant employees the right to purchase company shares at a predetermined price, known as the exercise price, within a specified timeframe. SOS serve as an additional incentive, as their value increases if the company's stock price rises above the exercise price. The Harris Texas Restricted Stock Award Plan represents Coca-Cola Enterprises, Inc.'s commitment to rewarding and retaining exceptional talent. By offering various types of restricted stock awards, the plan promotes employee engagement, fosters a long-term focus on shared company goals, and encourages individuals to contribute actively to the continued success of the organization.

The Harris Texas Restricted Stock Award Plan is a significant aspect of the compensation package offered by Coca-Cola Enterprises, Inc. It is an employee benefit program designed to reward key employees with company shares, thereby fostering loyalty, retention, and alignment with the company's long-term growth objectives. With a distinguished history, the Harris Texas Restricted Stock Award Plan has become an instrumental tool in attracting and retaining top talent in the competitive corporate landscape. As part of this plan, eligible employees of Coca-Cola Enterprises, Inc. based in Harris, Texas are granted restricted stock awards, which are company shares subject to certain restrictions. These awards provide employees with an opportunity to participate in the company's success, as the value of the awarded shares can appreciate over time. However, the shares remain restricted until specific conditions outlined in the plan are satisfied. The Harris Texas Restricted Stock Award Plan offers various types of restricted stock awards to employees, each with its own unique features: 1. Performance-Based Restricted Stock Awards: These awards are granted based on the achievement of predefined performance goals, which may include financial targets, market share growth, or other key performance indicators. By linking the award to the company's performance objectives, Coca-Cola Enterprises, Inc. aims to incentivize employees to contribute towards the company's strategic goals. 2. Time-Based Restricted Stock Awards: These awards are granted to employees on a time-based schedule, meaning that the shares vest over a specified period of time. The shares typically vest in increments over multiple years, encouraging employees to maintain a long-term commitment to the company. 3. Restricted Stock Units (RSS): RSS are similar to restricted stock awards but are valued in units rather than shares. Employees receive a specified number of RSS, and upon vesting, they have the option to convert them into company shares or receive their equivalent cash value. This flexibility allows employees to choose the most favorable option based on their personal financial planning. 4. Incentive Stock Options (SOS): While not strictly categorized as restricted stock awards, SOS are another notable element of the comprehensive compensation package for eligible employees. These stock options grant employees the right to purchase company shares at a predetermined price, known as the exercise price, within a specified timeframe. SOS serve as an additional incentive, as their value increases if the company's stock price rises above the exercise price. The Harris Texas Restricted Stock Award Plan represents Coca-Cola Enterprises, Inc.'s commitment to rewarding and retaining exceptional talent. By offering various types of restricted stock awards, the plan promotes employee engagement, fosters a long-term focus on shared company goals, and encourages individuals to contribute actively to the continued success of the organization.