Riverside California Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Riverside
• 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 Riverside California Restricted Stock Award Plan is a program offered by Coca-Cola Enterprises, Inc. It is designed to provide eligible employees with an opportunity to receive company stocks as part of their compensation package. This plan aims to align the interests of employees with the long-term success and profitability of the company. Eligible employees who meet specific criteria are granted restricted stock awards that entitle them to receive a predetermined number of shares of Coca-Cola Enterprises, Inc. stock. However, these stocks are subject to certain restrictions and conditions, which are outlined in the plan. The purpose of these restrictions is to incentivize employees to remain with the company and work toward its growth and success. One type of restricted stock award within the Riverside California Plan is the Performance-Based Restricted Stock Award. Under this type, employees must meet predetermined performance goals or objectives to fully unlock and gain ownership of their awarded shares. These performance goals often include financial targets, market share growth, or other key performance indicators that directly contribute to the company's overall success. Another type of restricted stock award within the plan is the Time-Based Restricted Stock Award. With this type, employees are required to stay with the company for a specified period to receive the full benefits of their awarded stocks. This duration is commonly referred to as the vesting period. Once the vesting period is complete, the awarded shares become fully unrestricted and the employees assume full ownership. It is important to note that the Riverside California Restricted Stock Award Plan adheres to legal and regulatory requirements, ensuring fairness and transparency in the allocation and administration of these stocks. The plan is typically governed by a set of rules and guidelines that outline the eligibility criteria, grant process, and restrictions associated with the awards. Overall, the Riverside California Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. serves as an effective tool to motivate and retain talented employees by offering them ownership in the company. By aligning their interests with the long-term success of the company, this plan encourages employees to actively contribute to Coca-Cola Enterprises' growth and profitability.

The Riverside California Restricted Stock Award Plan is a program offered by Coca-Cola Enterprises, Inc. It is designed to provide eligible employees with an opportunity to receive company stocks as part of their compensation package. This plan aims to align the interests of employees with the long-term success and profitability of the company. Eligible employees who meet specific criteria are granted restricted stock awards that entitle them to receive a predetermined number of shares of Coca-Cola Enterprises, Inc. stock. However, these stocks are subject to certain restrictions and conditions, which are outlined in the plan. The purpose of these restrictions is to incentivize employees to remain with the company and work toward its growth and success. One type of restricted stock award within the Riverside California Plan is the Performance-Based Restricted Stock Award. Under this type, employees must meet predetermined performance goals or objectives to fully unlock and gain ownership of their awarded shares. These performance goals often include financial targets, market share growth, or other key performance indicators that directly contribute to the company's overall success. Another type of restricted stock award within the plan is the Time-Based Restricted Stock Award. With this type, employees are required to stay with the company for a specified period to receive the full benefits of their awarded stocks. This duration is commonly referred to as the vesting period. Once the vesting period is complete, the awarded shares become fully unrestricted and the employees assume full ownership. It is important to note that the Riverside California Restricted Stock Award Plan adheres to legal and regulatory requirements, ensuring fairness and transparency in the allocation and administration of these stocks. The plan is typically governed by a set of rules and guidelines that outline the eligibility criteria, grant process, and restrictions associated with the awards. Overall, the Riverside California Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. serves as an effective tool to motivate and retain talented employees by offering them ownership in the company. By aligning their interests with the long-term success of the company, this plan encourages employees to actively contribute to Coca-Cola Enterprises' growth and profitability.