Phoenix Arizona Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• City: Phoenix
• 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 Phoenix Arizona Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is an employee compensation program designed to reward and retain key employees of the company. This plan allows employees to receive a predetermined number of company shares as a form of compensation. The concept of restricted stock awards involves giving these shares to employees, but with certain restrictions placed on them for a specific period of time. One of the key purposes of the Phoenix Arizona Restricted Stock Award Plan is to align the interests of employees with those of the company's shareholders. By granting shares to employees, they become stakeholders in the company and have a vested interest in its success, which ultimately benefits all shareholders. There are different types of restricted stock awards under the Phoenix Arizona Restricted Stock Award Plan. The first type is time-based vesting, where the restricted stock units become fully vested over a predetermined period of time. This means that employees need to remain with the company for a certain duration before they are entitled to the full value of the awarded shares. The second type is performance-based vesting, which considers specific performance goals or targets that employees must achieve to receive the full value of the restricted stock units. This type of award is closely tied to the company's financial or operational performance and aims to reward exceptional performance. The Phoenix Arizona Restricted Stock Award Plan also includes provisions for accelerated vesting in case of certain events, such as a change in control of the company or the employee's retirement or death. These provisions ensure that employees are not unfairly penalized if circumstances beyond their control arise. The purpose of the plan is to provide long-term incentives for employees, align their interests with those of the company, and promote employee retention and loyalty. By awarding shares, the plan offers employees the opportunity to directly benefit from the company's growth and success over time. In summary, the Phoenix Arizona Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a compensation program that grants employees restricted stock units as a form of long-term incentive. It aims to align employee interests with those of shareholders, promote retention, and reward exceptional performance. This plan includes different types of vesting, such as time-based and performance-based, and provisions for accelerated vesting in specific circumstances.

The Phoenix Arizona Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is an employee compensation program designed to reward and retain key employees of the company. This plan allows employees to receive a predetermined number of company shares as a form of compensation. The concept of restricted stock awards involves giving these shares to employees, but with certain restrictions placed on them for a specific period of time. One of the key purposes of the Phoenix Arizona Restricted Stock Award Plan is to align the interests of employees with those of the company's shareholders. By granting shares to employees, they become stakeholders in the company and have a vested interest in its success, which ultimately benefits all shareholders. There are different types of restricted stock awards under the Phoenix Arizona Restricted Stock Award Plan. The first type is time-based vesting, where the restricted stock units become fully vested over a predetermined period of time. This means that employees need to remain with the company for a certain duration before they are entitled to the full value of the awarded shares. The second type is performance-based vesting, which considers specific performance goals or targets that employees must achieve to receive the full value of the restricted stock units. This type of award is closely tied to the company's financial or operational performance and aims to reward exceptional performance. The Phoenix Arizona Restricted Stock Award Plan also includes provisions for accelerated vesting in case of certain events, such as a change in control of the company or the employee's retirement or death. These provisions ensure that employees are not unfairly penalized if circumstances beyond their control arise. The purpose of the plan is to provide long-term incentives for employees, align their interests with those of the company, and promote employee retention and loyalty. By awarding shares, the plan offers employees the opportunity to directly benefit from the company's growth and success over time. In summary, the Phoenix Arizona Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a compensation program that grants employees restricted stock units as a form of long-term incentive. It aims to align employee interests with those of shareholders, promote retention, and reward exceptional performance. This plan includes different types of vesting, such as time-based and performance-based, and provisions for accelerated vesting in specific circumstances.