Suffolk New York Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Suffolk
• 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 Suffolk New York Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a compensation program designed to incentivize and reward key employees and executives for their contribution to the company's success. This plan offers restricted stock awards as a performance-based bonus that employees can earn over time. Additionally, it helps promote shareholder value and aligns the interests of employees with those of the company and its investors. Under this plan, eligible employees can receive restricted stock grants, which are shares of the company's stock that are subject to certain restrictions. These restrictions may include vesting requirements and holding periods, which ensure that employees have a continued interest in the company's long-term performance. The Suffolk New York Restricted Stock Award Plan consists of several types of awards tailored to different employee levels or job roles within Coca-Cola Enterprises, Inc. These include: 1. Executive Restricted Stock Award: This type of award is granted to top-level executives and includes a significant number of restricted stock units. Executives receiving this award typically have to meet certain performance targets or tenure requirements to become eligible. 2. Managerial Restricted Stock Award: Middle-level managers and leaders may be eligible for this type of award. It offers a moderate number of restricted stock units, and the vesting requirements might be aligned with managerial performance goals such as team performance or achieving set targets. 3. Employee Restricted Stock Award: This award category is open to a broader range of employees throughout the organization. It grants a smaller number of restricted stock units, typically as an appreciation for their long-term commitment and dedication. Vesting requirements may be based on tenure or overall company performance. 4. Performance-based Restricted Stock Award: This type of award is linked directly to the achievement of specific performance metrics or financial targets set by the company. It may apply to employees at various levels and is used as a means to drive superior performance and align the interests of employees with the company's strategic goals. Overall, the Suffolk New York Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. aims to attract and retain top talent, foster a sense of ownership among employees, and ensure their dedication to the long-term growth and success of the company. This plan provides an additional incentive beyond regular compensation, motivating employees to contribute to the company's overall performance and enhance shareholder value.

The Suffolk New York Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a compensation program designed to incentivize and reward key employees and executives for their contribution to the company's success. This plan offers restricted stock awards as a performance-based bonus that employees can earn over time. Additionally, it helps promote shareholder value and aligns the interests of employees with those of the company and its investors. Under this plan, eligible employees can receive restricted stock grants, which are shares of the company's stock that are subject to certain restrictions. These restrictions may include vesting requirements and holding periods, which ensure that employees have a continued interest in the company's long-term performance. The Suffolk New York Restricted Stock Award Plan consists of several types of awards tailored to different employee levels or job roles within Coca-Cola Enterprises, Inc. These include: 1. Executive Restricted Stock Award: This type of award is granted to top-level executives and includes a significant number of restricted stock units. Executives receiving this award typically have to meet certain performance targets or tenure requirements to become eligible. 2. Managerial Restricted Stock Award: Middle-level managers and leaders may be eligible for this type of award. It offers a moderate number of restricted stock units, and the vesting requirements might be aligned with managerial performance goals such as team performance or achieving set targets. 3. Employee Restricted Stock Award: This award category is open to a broader range of employees throughout the organization. It grants a smaller number of restricted stock units, typically as an appreciation for their long-term commitment and dedication. Vesting requirements may be based on tenure or overall company performance. 4. Performance-based Restricted Stock Award: This type of award is linked directly to the achievement of specific performance metrics or financial targets set by the company. It may apply to employees at various levels and is used as a means to drive superior performance and align the interests of employees with the company's strategic goals. Overall, the Suffolk New York Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. aims to attract and retain top talent, foster a sense of ownership among employees, and ensure their dedication to the long-term growth and success of the company. This plan provides an additional incentive beyond regular compensation, motivating employees to contribute to the company's overall performance and enhance shareholder value.