Salt Lake Utah Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Salt Lake
• 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 Salt Lake Utah Restricted Stock Award Plan is a specialized program offered by Coca-Cola Enterprises, Inc., designed to incentivize and reward its employees in the region. This plan specifically caters to employees located in Salt Lake City, Utah, and aims to recognize their exceptional performance, dedication, and contribution to the company's success. By implementing this plan, Coca-Cola Enterprises, Inc. seeks to motivate and retain talented professionals who play a vital role in the organization's growth in the Salt Lake City area. The Salt Lake Utah Restricted Stock Award Plan ensures that eligible employees receive compensation in the form of restricted stock units (RSS). This RSS represents a promise to deliver shares of company stock to participants at a future date, subject to vesting requirements and other performance-based criteria. By utilizing RSS, Coca-Cola Enterprises, Inc. incentivizes employees to remain committed to the organization over the long term, as the value of the RSS relies on the company's overall performance and stock market fluctuations. This plan may offer different categories or levels of incentives based on employees' seniority, job performance, or other predefined criteria. For instance, there might be separate tiers within the Salt Lake Utah Restricted Stock Award Plan, such as Gold, Silver, or Bronze, each with varying benefits and requirements. These tiers could be determined by factors like years of service, leadership positions, individual accomplishments, or team-based achievements. Successful participants in the Salt Lake Utah Restricted Stock Award Plan have the opportunity to profit from the company's stock performance over time. As the RSS vest, meaning they become eligible for conversion into shares of Coca-Cola Enterprises, Inc. stock, employees can potentially benefit from any appreciation in the stock price. RSS often vest incrementally over a predetermined period, providing ongoing incentives for employees to remain engaged and committed to their roles within the organization. The Salt Lake Utah Restricted Stock Award Plan administered by Coca-Cola Enterprises, Inc. not only acts as a valuable tool for employee retention and motivation, but it also aligns the interests of employees with the long-term success of the company. By directly linking employee compensation to the company's stock performance, this program encourages employees to work hard, contribute to corporate objectives, and ultimately share in the rewards of the organization's growth and profitability.

The Salt Lake Utah Restricted Stock Award Plan is a specialized program offered by Coca-Cola Enterprises, Inc., designed to incentivize and reward its employees in the region. This plan specifically caters to employees located in Salt Lake City, Utah, and aims to recognize their exceptional performance, dedication, and contribution to the company's success. By implementing this plan, Coca-Cola Enterprises, Inc. seeks to motivate and retain talented professionals who play a vital role in the organization's growth in the Salt Lake City area. The Salt Lake Utah Restricted Stock Award Plan ensures that eligible employees receive compensation in the form of restricted stock units (RSS). This RSS represents a promise to deliver shares of company stock to participants at a future date, subject to vesting requirements and other performance-based criteria. By utilizing RSS, Coca-Cola Enterprises, Inc. incentivizes employees to remain committed to the organization over the long term, as the value of the RSS relies on the company's overall performance and stock market fluctuations. This plan may offer different categories or levels of incentives based on employees' seniority, job performance, or other predefined criteria. For instance, there might be separate tiers within the Salt Lake Utah Restricted Stock Award Plan, such as Gold, Silver, or Bronze, each with varying benefits and requirements. These tiers could be determined by factors like years of service, leadership positions, individual accomplishments, or team-based achievements. Successful participants in the Salt Lake Utah Restricted Stock Award Plan have the opportunity to profit from the company's stock performance over time. As the RSS vest, meaning they become eligible for conversion into shares of Coca-Cola Enterprises, Inc. stock, employees can potentially benefit from any appreciation in the stock price. RSS often vest incrementally over a predetermined period, providing ongoing incentives for employees to remain engaged and committed to their roles within the organization. The Salt Lake Utah Restricted Stock Award Plan administered by Coca-Cola Enterprises, Inc. not only acts as a valuable tool for employee retention and motivation, but it also aligns the interests of employees with the long-term success of the company. By directly linking employee compensation to the company's stock performance, this program encourages employees to work hard, contribute to corporate objectives, and ultimately share in the rewards of the organization's growth and profitability.