Mecklenburg North Carolina Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Mecklenburg
• 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 Mecklenburg North Carolina Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive compensation program that provides eligible employees with the opportunity to acquire and own shares of Coca-Cola Enterprises, Inc. stock, subject to certain restrictions and conditions. Under this plan, eligible employees are granted restricted stock awards (SAS) as a form of long-term incentive compensation. These SAS represent a specific number of shares of Coca-Cola Enterprises, Inc. common stock, granted to participants at no cost or a discounted price. However, the shares are subject to various vesting conditions and forfeiture restrictions, ensuring that employees meet certain performance targets or stay with the company for a specified period. There are several types of Mecklenburg North Carolina Restricted Stock Award Plans available to employees at Coca-Cola Enterprises, Inc. These plans may differ in terms of eligibility criteria, vesting schedules, and the number of shares awarded. Some commonly known plans include: 1. Performance-Based SAS: In these plans, the granted shares are contingent upon achieving predetermined performance objectives, such as financial targets, market share growth, or other specified goals. Participants receive the shares if the company meets or exceeds these objectives within a defined performance period. 2. Time-Based SAS: This type of plan grants shares to employees based on their length of service with the company. The shares generally vest over a specific period, usually in equal installments. 3. Promotion-Based SAS: These plans offer restricted stock awards to employees upon their promotion to a certain position or level within the organization. The number of shares awarded may vary depending on the role and responsibilities associated with the promotion. 4. Retention-Based SAS: This plan aims to retain key employees by granting them a specific number of restricted stock units (RSS) that vest over a defined retention period. The RSS typically convert into shares of Coca-Cola Enterprises, Inc. stock upon completion of the retention period. 5. Restricted Stock Unit (RSU) Deferral Plans: RSU deferral plans allow employees to defer the receipt of their restricted stock units until a specified future date. By deferring receipt, employees can potentially benefit from future gains in Coca-Cola Enterprises, Inc. stock price and manage their taxation liabilities more efficiently. It is important to note that the details and specific terms of the Mecklenburg North Carolina Restricted Stock Award Plans may vary, and employees should refer to the official plan documentation and consult with their human resources department for accurate and up-to-date information.

The Mecklenburg North Carolina Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive compensation program that provides eligible employees with the opportunity to acquire and own shares of Coca-Cola Enterprises, Inc. stock, subject to certain restrictions and conditions. Under this plan, eligible employees are granted restricted stock awards (SAS) as a form of long-term incentive compensation. These SAS represent a specific number of shares of Coca-Cola Enterprises, Inc. common stock, granted to participants at no cost or a discounted price. However, the shares are subject to various vesting conditions and forfeiture restrictions, ensuring that employees meet certain performance targets or stay with the company for a specified period. There are several types of Mecklenburg North Carolina Restricted Stock Award Plans available to employees at Coca-Cola Enterprises, Inc. These plans may differ in terms of eligibility criteria, vesting schedules, and the number of shares awarded. Some commonly known plans include: 1. Performance-Based SAS: In these plans, the granted shares are contingent upon achieving predetermined performance objectives, such as financial targets, market share growth, or other specified goals. Participants receive the shares if the company meets or exceeds these objectives within a defined performance period. 2. Time-Based SAS: This type of plan grants shares to employees based on their length of service with the company. The shares generally vest over a specific period, usually in equal installments. 3. Promotion-Based SAS: These plans offer restricted stock awards to employees upon their promotion to a certain position or level within the organization. The number of shares awarded may vary depending on the role and responsibilities associated with the promotion. 4. Retention-Based SAS: This plan aims to retain key employees by granting them a specific number of restricted stock units (RSS) that vest over a defined retention period. The RSS typically convert into shares of Coca-Cola Enterprises, Inc. stock upon completion of the retention period. 5. Restricted Stock Unit (RSU) Deferral Plans: RSU deferral plans allow employees to defer the receipt of their restricted stock units until a specified future date. By deferring receipt, employees can potentially benefit from future gains in Coca-Cola Enterprises, Inc. stock price and manage their taxation liabilities more efficiently. It is important to note that the details and specific terms of the Mecklenburg North Carolina Restricted Stock Award Plans may vary, and employees should refer to the official plan documentation and consult with their human resources department for accurate and up-to-date information.