San Antonio Texas Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• City: San Antonio
• 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 San Antonio Texas Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive stock-based compensation program designed to attract and retain talented employees while aligning their interests with the long-term success of the company. This plan offers eligible employees the opportunity to receive restricted stock awards as a form of additional compensation. Under this plan, eligible employees are granted a specific number of restricted stock units that represent a right to receive shares of Coca-Cola Enterprises, Inc. stock. These awards are subject to certain vesting conditions, such as the passage of time and the achievement of predetermined performance goals. The purpose of these conditions is to incentivize employees to remain with the company and contribute to its growth and profitability. Restricted stock awards are a valuable tool for employers to motivate and reward employees, as the value of these awards is tied directly to the performance of the company's stock. This means that as the stock price increases over time, the value of the restricted stock awards also increases, potentially providing employees with a significant financial benefit. The San Antonio Texas Restricted Stock Award Plan may have different types of awards based on various factors, such as the employee's position, performance, and tenure with the company. These awards can vary in terms of the number of shares granted, the vesting schedule, and the performance goals that need to be achieved for full or partial vesting. By offering restricted stock awards, Coca-Cola Enterprises, Inc. aims to align the interests of its employees with those of the shareholders, fostering a sense of ownership and commitment among its workforce. These awards not only provide financial rewards but also serve as a powerful tool for retaining top talent in a competitive employment market. Overall, the San Antonio Texas Restricted Stock Award Plan is an important component of Coca-Cola Enterprises, Inc.'s employee compensation and retention strategy, ensuring that employees have a vested interest in the company's long-term success and commitment to creating shareholder value.

The San Antonio Texas Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive stock-based compensation program designed to attract and retain talented employees while aligning their interests with the long-term success of the company. This plan offers eligible employees the opportunity to receive restricted stock awards as a form of additional compensation. Under this plan, eligible employees are granted a specific number of restricted stock units that represent a right to receive shares of Coca-Cola Enterprises, Inc. stock. These awards are subject to certain vesting conditions, such as the passage of time and the achievement of predetermined performance goals. The purpose of these conditions is to incentivize employees to remain with the company and contribute to its growth and profitability. Restricted stock awards are a valuable tool for employers to motivate and reward employees, as the value of these awards is tied directly to the performance of the company's stock. This means that as the stock price increases over time, the value of the restricted stock awards also increases, potentially providing employees with a significant financial benefit. The San Antonio Texas Restricted Stock Award Plan may have different types of awards based on various factors, such as the employee's position, performance, and tenure with the company. These awards can vary in terms of the number of shares granted, the vesting schedule, and the performance goals that need to be achieved for full or partial vesting. By offering restricted stock awards, Coca-Cola Enterprises, Inc. aims to align the interests of its employees with those of the shareholders, fostering a sense of ownership and commitment among its workforce. These awards not only provide financial rewards but also serve as a powerful tool for retaining top talent in a competitive employment market. Overall, the San Antonio Texas Restricted Stock Award Plan is an important component of Coca-Cola Enterprises, Inc.'s employee compensation and retention strategy, ensuring that employees have a vested interest in the company's long-term success and commitment to creating shareholder value.