King Washington Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: King
• 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 King Washington Restricted Stock Award Plan is a significant component of the compensation package offered by Coca-Cola Enterprises, Inc. to its eligible employees. This plan aims to provide long-term incentives and rewards to those who contribute significantly to the company's growth and success. It is a way for Coca-Cola Enterprises to attract, retain, and motivate talented individuals by granting them stock awards that are subject to specific restrictions and conditions. Under the King Washington Restricted Stock Award Plan, eligible employees have the opportunity to receive various types of stock awards. These awards may include restricted stock units (RSS), performance-based restricted stock units (Versus), and performance shares. Each type has its own unique features and conditions. RSS are grants of company shares that have certain restrictions and may vest over a specified period of time. Versus, on the other hand, are stock units that vest based on the achievement of predetermined performance goals. Performance shares represent actual shares of the company's stock and are subject to specific performance conditions. Participants in the King Washington Restricted Stock Award Plan can benefit from the potential increase in stock value and dividends over time. By linking executive compensation to the company's performance, this plan encourages employees to align their interests with those of the shareholders, fostering a sense of ownership and commitment. The restricted nature of these stock awards ensures that employees remain with the company for a specified period, promoting long-term loyalty. To participate in the King Washington Restricted Stock Award Plan, employees must meet certain eligibility criteria established by Coca-Cola Enterprises. These criteria may include job position, length of service, or achievement of specific performance targets. Participants may also be subject to additional terms and conditions as determined by the company. It is essential for employees to carefully review the plan documents and understand the specifics of their stock awards under the King Washington Restricted Stock Award Plan. By familiarizing themselves with the award's vesting schedule, restrictions, and potential tax implications, employees can make informed decisions about their financial planning and goals. Overall, the King Washington Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive and strategic compensation tool to attract, retain, and reward top talent within the company. By offering different types of stock awards, this plan aligns the interests of employees with those of the shareholders, ultimately driving the company's growth and success in the long term.

The King Washington Restricted Stock Award Plan is a significant component of the compensation package offered by Coca-Cola Enterprises, Inc. to its eligible employees. This plan aims to provide long-term incentives and rewards to those who contribute significantly to the company's growth and success. It is a way for Coca-Cola Enterprises to attract, retain, and motivate talented individuals by granting them stock awards that are subject to specific restrictions and conditions. Under the King Washington Restricted Stock Award Plan, eligible employees have the opportunity to receive various types of stock awards. These awards may include restricted stock units (RSS), performance-based restricted stock units (Versus), and performance shares. Each type has its own unique features and conditions. RSS are grants of company shares that have certain restrictions and may vest over a specified period of time. Versus, on the other hand, are stock units that vest based on the achievement of predetermined performance goals. Performance shares represent actual shares of the company's stock and are subject to specific performance conditions. Participants in the King Washington Restricted Stock Award Plan can benefit from the potential increase in stock value and dividends over time. By linking executive compensation to the company's performance, this plan encourages employees to align their interests with those of the shareholders, fostering a sense of ownership and commitment. The restricted nature of these stock awards ensures that employees remain with the company for a specified period, promoting long-term loyalty. To participate in the King Washington Restricted Stock Award Plan, employees must meet certain eligibility criteria established by Coca-Cola Enterprises. These criteria may include job position, length of service, or achievement of specific performance targets. Participants may also be subject to additional terms and conditions as determined by the company. It is essential for employees to carefully review the plan documents and understand the specifics of their stock awards under the King Washington Restricted Stock Award Plan. By familiarizing themselves with the award's vesting schedule, restrictions, and potential tax implications, employees can make informed decisions about their financial planning and goals. Overall, the King Washington Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive and strategic compensation tool to attract, retain, and reward top talent within the company. By offering different types of stock awards, this plan aligns the interests of employees with those of the shareholders, ultimately driving the company's growth and success in the long term.