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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• City: Houston
• 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 Houston Texas Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive incentive program designed to reward and retain employees based in the city of Houston, Texas. This plan aims to provide eligible employees with valuable stock options as a form of compensation, incentivizing their dedication and commitment towards the success of the company. Under the Houston Texas Restricted Stock Award Plan, employees who meet specific criteria are granted restricted stock units (RSS) as part of their overall compensation package. This RSS represents the right to receive a specific number of shares of Coca-Cola Enterprises, Inc. stock at a predetermined future date. The RSS are subject to a vesting schedule where employees must meet certain performance objectives or remain employed over a designated period to fully realize the benefits. This plan is a means for Coca-Cola Enterprises, Inc. to align the interests of its employees with the company's shareholders. By offering RSS, employees have a personal stake in the success and growth of the company, thus motivating them to actively contribute towards achieving corporate goals and objectives. The Houston Texas Restricted Stock Award Plan may vary depending on an employee's position within the company or their level of responsibility. Different types of awards may include performance-based RSS, management-level RSS, and employee-specific RSS. Performance-based RSS are typically granted to individuals who demonstrate exceptional performance, exceed set targets, or contribute significantly to the company's overall success. Management-level RSS may be awarded to executives or those in leadership positions, reflecting their greater impact and influence on the organization. Employee-specific RSS may be given to specific individuals based on their unique skills, job function, or contributions within their respective departments. The Houston Texas Restricted Stock Award Plan serves as a valuable tool to attract, motivate, and retain talented employees within Coca-Cola Enterprises, Inc.'s Houston, Texas workforce. By offering an opportunity to own a stake in the company's future success, it fosters a sense of ownership, loyalty, and commitment among employees. This plan, combined with other compensation and benefits packages, serves to create a work environment that promotes growth, productivity, and career advancement for all eligible employees.

The Houston Texas Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive incentive program designed to reward and retain employees based in the city of Houston, Texas. This plan aims to provide eligible employees with valuable stock options as a form of compensation, incentivizing their dedication and commitment towards the success of the company. Under the Houston Texas Restricted Stock Award Plan, employees who meet specific criteria are granted restricted stock units (RSS) as part of their overall compensation package. This RSS represents the right to receive a specific number of shares of Coca-Cola Enterprises, Inc. stock at a predetermined future date. The RSS are subject to a vesting schedule where employees must meet certain performance objectives or remain employed over a designated period to fully realize the benefits. This plan is a means for Coca-Cola Enterprises, Inc. to align the interests of its employees with the company's shareholders. By offering RSS, employees have a personal stake in the success and growth of the company, thus motivating them to actively contribute towards achieving corporate goals and objectives. The Houston Texas Restricted Stock Award Plan may vary depending on an employee's position within the company or their level of responsibility. Different types of awards may include performance-based RSS, management-level RSS, and employee-specific RSS. Performance-based RSS are typically granted to individuals who demonstrate exceptional performance, exceed set targets, or contribute significantly to the company's overall success. Management-level RSS may be awarded to executives or those in leadership positions, reflecting their greater impact and influence on the organization. Employee-specific RSS may be given to specific individuals based on their unique skills, job function, or contributions within their respective departments. The Houston Texas Restricted Stock Award Plan serves as a valuable tool to attract, motivate, and retain talented employees within Coca-Cola Enterprises, Inc.'s Houston, Texas workforce. By offering an opportunity to own a stake in the company's future success, it fosters a sense of ownership, loyalty, and commitment among employees. This plan, combined with other compensation and benefits packages, serves to create a work environment that promotes growth, productivity, and career advancement for all eligible employees.