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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Nassau
• 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 Nassau New York Restricted Stock Award Plan is an important aspect of Coca-Cola Enterprises, Inc.'s compensation strategy. It is designed to incentivize and reward key employees, executives, and directors with ownership in the company through the issuance of restricted stock awards. Under this plan, eligible participants receive a specified number of Coca-Cola Enterprises, Inc. shares as a form of compensation, subject to certain vesting requirements. These shares are referred to as restricted stock because they are subject to restrictions and conditions, including a vesting schedule and potential forfeiture provisions. The purpose of the Nassau New York Restricted Stock Award Plan is to align the interests of employees, executives, and directors with the long-term success of Coca-Cola Enterprises, Inc. By granting restricted stock awards, the company seeks to motivate and retain top talent, foster a sense of ownership and commitment, and drive performance and value creation. This plan has several types of restricted stock awards depending on the recipient: 1. Employee Restricted Stock: This type of award is granted to employees of Coca-Cola Enterprises, Inc. It aims to reward their contribution to the company's objectives and encourage loyalty and dedication to their roles. 2. Executive Restricted Stock: Executives in key leadership positions receive this type of restricted stock award. It is generally larger in scale and may include additional performance-based criteria to ensure strategic goals are met. 3. Director Restricted Stock: Directors who serve on the board of Coca-Cola Enterprises, Inc. receive restricted stock awards as a way to align their interests with shareholders and recognize their contributions to the company's governance and oversight. The Nassau New York Restricted Stock Award Plan is carefully designed to balance the need for retention and performance with shareholder value and corporate governance principles. It provides eligible participants with an opportunity to share in the success and prosperity of Coca-Cola Enterprises, Inc., providing a significant incentive for long-term commitment and dedication. Keywords: Nassau New York, Restricted Stock Award Plan, Coca-Cola Enterprises, Inc., compensation strategy, ownership, restricted stock, vesting requirements, key employees, executives, directors, long-term success, talent retention, value creation, employee restricted stock, executive restricted stock, director restricted stock, loyalty, dedication, strategic goals, governance, shareholder value.

The Nassau New York Restricted Stock Award Plan is an important aspect of Coca-Cola Enterprises, Inc.'s compensation strategy. It is designed to incentivize and reward key employees, executives, and directors with ownership in the company through the issuance of restricted stock awards. Under this plan, eligible participants receive a specified number of Coca-Cola Enterprises, Inc. shares as a form of compensation, subject to certain vesting requirements. These shares are referred to as restricted stock because they are subject to restrictions and conditions, including a vesting schedule and potential forfeiture provisions. The purpose of the Nassau New York Restricted Stock Award Plan is to align the interests of employees, executives, and directors with the long-term success of Coca-Cola Enterprises, Inc. By granting restricted stock awards, the company seeks to motivate and retain top talent, foster a sense of ownership and commitment, and drive performance and value creation. This plan has several types of restricted stock awards depending on the recipient: 1. Employee Restricted Stock: This type of award is granted to employees of Coca-Cola Enterprises, Inc. It aims to reward their contribution to the company's objectives and encourage loyalty and dedication to their roles. 2. Executive Restricted Stock: Executives in key leadership positions receive this type of restricted stock award. It is generally larger in scale and may include additional performance-based criteria to ensure strategic goals are met. 3. Director Restricted Stock: Directors who serve on the board of Coca-Cola Enterprises, Inc. receive restricted stock awards as a way to align their interests with shareholders and recognize their contributions to the company's governance and oversight. The Nassau New York Restricted Stock Award Plan is carefully designed to balance the need for retention and performance with shareholder value and corporate governance principles. It provides eligible participants with an opportunity to share in the success and prosperity of Coca-Cola Enterprises, Inc., providing a significant incentive for long-term commitment and dedication. Keywords: Nassau New York, Restricted Stock Award Plan, Coca-Cola Enterprises, Inc., compensation strategy, ownership, restricted stock, vesting requirements, key employees, executives, directors, long-term success, talent retention, value creation, employee restricted stock, executive restricted stock, director restricted stock, loyalty, dedication, strategic goals, governance, shareholder value.