Kings New York Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Kings
• 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 Kings New York Restricted Stock Award Plan is a comprehensive stock compensation program offered by Coca-Cola Enterprises, Inc. This plan is specifically designed to incentivize and reward employees of the company based in New York. It aims to align the interests of employees with the long-term success and growth of the company. Under the Kings New York Restricted Stock Award Plan, eligible employees are granted restricted stock units (RSS) as a form of compensation. RSS is a type of equity-based incentive that represents ownership in the company. However, unlike traditional stock options, RSS are given to employees without any purchase or exercise price. These units vest over a specified period, typically three to five years, subject to certain conditions such as continued employment or achievement of performance goals. The Kings New York Restricted Stock Award Plan offers several benefits to eligible Coca-Cola Enterprises, Inc. employees. Firstly, it provides a tangible and valuable reward for dedicated service and exceptional performance. By granting RSS, the plan allows employees to share in the future success of the company, thereby fostering a sense of ownership and loyalty. Additionally, RSS provide a potential financial upside as they are tied to the performance of Coca-Cola Enterprises' stock, thus encouraging employees to contribute to the company's growth and profitability. This plan also offers flexibility as it allows employees to decide when to sell their vested RSS. Once the RSS have vested, employees can choose to hold onto them for further potential appreciation or sell them on the open market to capture the stock's current value. This feature empowers employees to make informed financial decisions based on their individual circumstances and needs. It is important to note that while the Kings New York Restricted Stock Award Plan is specifically tailored for eligible employees based in New York, Coca-Cola Enterprises, Inc. may have other restricted stock award plans for employees located in different regions or divisions. Specific names or variations of these plans may exist to cater to the unique requirements and regulations governing those areas. In conclusion, the Kings New York Restricted Stock Award Plan is an integral part of Coca-Cola Enterprises, Inc.'s overall compensation strategy for its New York employees. This plan aims to engage and motivate employees by offering them a valuable piece of the company's ownership. Through RSS, employees can enjoy the potential rewards of the company's performance while contributing to its long-term success.

The Kings New York Restricted Stock Award Plan is a comprehensive stock compensation program offered by Coca-Cola Enterprises, Inc. This plan is specifically designed to incentivize and reward employees of the company based in New York. It aims to align the interests of employees with the long-term success and growth of the company. Under the Kings New York Restricted Stock Award Plan, eligible employees are granted restricted stock units (RSS) as a form of compensation. RSS is a type of equity-based incentive that represents ownership in the company. However, unlike traditional stock options, RSS are given to employees without any purchase or exercise price. These units vest over a specified period, typically three to five years, subject to certain conditions such as continued employment or achievement of performance goals. The Kings New York Restricted Stock Award Plan offers several benefits to eligible Coca-Cola Enterprises, Inc. employees. Firstly, it provides a tangible and valuable reward for dedicated service and exceptional performance. By granting RSS, the plan allows employees to share in the future success of the company, thereby fostering a sense of ownership and loyalty. Additionally, RSS provide a potential financial upside as they are tied to the performance of Coca-Cola Enterprises' stock, thus encouraging employees to contribute to the company's growth and profitability. This plan also offers flexibility as it allows employees to decide when to sell their vested RSS. Once the RSS have vested, employees can choose to hold onto them for further potential appreciation or sell them on the open market to capture the stock's current value. This feature empowers employees to make informed financial decisions based on their individual circumstances and needs. It is important to note that while the Kings New York Restricted Stock Award Plan is specifically tailored for eligible employees based in New York, Coca-Cola Enterprises, Inc. may have other restricted stock award plans for employees located in different regions or divisions. Specific names or variations of these plans may exist to cater to the unique requirements and regulations governing those areas. In conclusion, the Kings New York Restricted Stock Award Plan is an integral part of Coca-Cola Enterprises, Inc.'s overall compensation strategy for its New York employees. This plan aims to engage and motivate employees by offering them a valuable piece of the company's ownership. Through RSS, employees can enjoy the potential rewards of the company's performance while contributing to its long-term success.