Wake North Carolina Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Wake
• 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 Wake North Carolina Restricted Stock Award Plan is a program initiated by Coca-Cola Enterprises, Inc. to reward its employees with restricted stock awards. This plan ensures that employees in the Wake North Carolina region receive additional compensation in the form of equity-based incentives. Under this plan, eligible employees are granted restricted stock awards, which are shares of Coca-Cola Enterprises, Inc. stock that come with certain restrictions and conditions. These restrictions may include a required holding period, vesting period, or performance-based criteria that must be fulfilled before the shares can be fully owned by the employee. The Wake North Carolina Restricted Stock Award Plan aims to motivate and retain highly skilled employees by providing them with a sense of ownership and a stake in the company's success. By offering these restricted stock awards, Coca-Cola Enterprises, Inc. seeks to align the interests of its employees with those of the shareholders, promoting a strong commitment and dedication among its workforce. It is worth noting that there may be different types of restricted stock awards within the Wake North Carolina plan, each with its own set of unique features and eligibility criteria. Some potential variations may include: 1. Performance-Based Restricted Stock Awards: These awards are granted based on an employee's performance against predefined objectives or key performance indicators. The employee must meet or exceed these performance goals to earn the full allocation of shares. 2. Time-Vesting Restricted Stock Awards: This type of award becomes fully owned by the employee over a specific time period. For example, an employee may receive 25% of the award shares each year for four years, with the final tranche vesting on the fourth anniversary of the grant date. 3. Performance-Time Vesting Restricted Stock Awards: This type of award combines both performance-based and time-based vesting criteria. Employees must meet specific performance goals while also maintaining employment with the company for a certain period to earn the full vesting of shares. The Wake North Carolina Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. acts as a valuable tool to attract, motivate, and retain talented employees in the Wake North Carolina region. It fosters a culture of shared success and provides employees with a tangible opportunity to benefit from the company's growth over time.

The Wake North Carolina Restricted Stock Award Plan is a program initiated by Coca-Cola Enterprises, Inc. to reward its employees with restricted stock awards. This plan ensures that employees in the Wake North Carolina region receive additional compensation in the form of equity-based incentives. Under this plan, eligible employees are granted restricted stock awards, which are shares of Coca-Cola Enterprises, Inc. stock that come with certain restrictions and conditions. These restrictions may include a required holding period, vesting period, or performance-based criteria that must be fulfilled before the shares can be fully owned by the employee. The Wake North Carolina Restricted Stock Award Plan aims to motivate and retain highly skilled employees by providing them with a sense of ownership and a stake in the company's success. By offering these restricted stock awards, Coca-Cola Enterprises, Inc. seeks to align the interests of its employees with those of the shareholders, promoting a strong commitment and dedication among its workforce. It is worth noting that there may be different types of restricted stock awards within the Wake North Carolina plan, each with its own set of unique features and eligibility criteria. Some potential variations may include: 1. Performance-Based Restricted Stock Awards: These awards are granted based on an employee's performance against predefined objectives or key performance indicators. The employee must meet or exceed these performance goals to earn the full allocation of shares. 2. Time-Vesting Restricted Stock Awards: This type of award becomes fully owned by the employee over a specific time period. For example, an employee may receive 25% of the award shares each year for four years, with the final tranche vesting on the fourth anniversary of the grant date. 3. Performance-Time Vesting Restricted Stock Awards: This type of award combines both performance-based and time-based vesting criteria. Employees must meet specific performance goals while also maintaining employment with the company for a certain period to earn the full vesting of shares. The Wake North Carolina Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. acts as a valuable tool to attract, motivate, and retain talented employees in the Wake North Carolina region. It fosters a culture of shared success and provides employees with a tangible opportunity to benefit from the company's growth over time.