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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: San Diego
• 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 Diego California Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive program designed to provide eligible employees with an opportunity to receive restricted stock awards as part of their compensation package. This plan aims to incentivize and motivate employees by granting them ownership in the company, thereby aligning their interests with those of the shareholders. Under this program, eligible employees are awarded a specific number of shares of Coca-Cola Enterprises, Inc. common stock. However, these shares are subject to certain restrictions and conditions that need to be fulfilled before employees can fully benefit from them. These restrictions are put in place to ensure that employees remain committed to the company and its long-term success. The San Diego California Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. encompasses different types of awards, each with its own set of features and guidelines. These include: 1. Performance-Based Restricted Stock Awards: These awards are granted to employees based on specific performance criteria, such as achieving sales targets or meeting certain profitability objectives. The achievement of these goals determines the extent to which the restricted stock awards will vest or become available for employees. 2. Time-Based Restricted Stock Awards: These awards are granted based on an employee's tenure with the company. The shares are subject to a predetermined vesting period during which employees need to stay employed with Coca-Cola Enterprises, Inc. to receive their full benefits. Typically, the vesting period is spread over several years, ensuring a long-term commitment from the employee. 3. Promotion or Merit-Based Restricted Stock Awards: These awards are given to employees based on their promotion or recognition of exceptional performance. They serve as an additional incentive to encourage career advancement within the organization and acknowledge the employee's contributions to the company's success. 4. Retention-Based Restricted Stock Awards: These awards are intended to retain key employees critical to the company's operations. They are granted to employees who possess specialized skills or knowledge, or who play a vital role in important projects or initiatives. By providing an equity stake in the company, Coca-Cola Enterprises, Inc. aims to motivate and retain these valuable employees. It is important to note that the San Diego California Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. has specific eligibility criteria, and the terms and conditions of the awards may vary based on individual employment agreements, role levels, and performance. The plan is designed to align the interests of eligible employees with the long-term success of the company, fostering a sense of ownership and dedication among the workforce in San Diego, California.

The San Diego California Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive program designed to provide eligible employees with an opportunity to receive restricted stock awards as part of their compensation package. This plan aims to incentivize and motivate employees by granting them ownership in the company, thereby aligning their interests with those of the shareholders. Under this program, eligible employees are awarded a specific number of shares of Coca-Cola Enterprises, Inc. common stock. However, these shares are subject to certain restrictions and conditions that need to be fulfilled before employees can fully benefit from them. These restrictions are put in place to ensure that employees remain committed to the company and its long-term success. The San Diego California Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. encompasses different types of awards, each with its own set of features and guidelines. These include: 1. Performance-Based Restricted Stock Awards: These awards are granted to employees based on specific performance criteria, such as achieving sales targets or meeting certain profitability objectives. The achievement of these goals determines the extent to which the restricted stock awards will vest or become available for employees. 2. Time-Based Restricted Stock Awards: These awards are granted based on an employee's tenure with the company. The shares are subject to a predetermined vesting period during which employees need to stay employed with Coca-Cola Enterprises, Inc. to receive their full benefits. Typically, the vesting period is spread over several years, ensuring a long-term commitment from the employee. 3. Promotion or Merit-Based Restricted Stock Awards: These awards are given to employees based on their promotion or recognition of exceptional performance. They serve as an additional incentive to encourage career advancement within the organization and acknowledge the employee's contributions to the company's success. 4. Retention-Based Restricted Stock Awards: These awards are intended to retain key employees critical to the company's operations. They are granted to employees who possess specialized skills or knowledge, or who play a vital role in important projects or initiatives. By providing an equity stake in the company, Coca-Cola Enterprises, Inc. aims to motivate and retain these valuable employees. It is important to note that the San Diego California Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. has specific eligibility criteria, and the terms and conditions of the awards may vary based on individual employment agreements, role levels, and performance. The plan is designed to align the interests of eligible employees with the long-term success of the company, fostering a sense of ownership and dedication among the workforce in San Diego, California.