Wayne Michigan Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Wayne
• 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 Wayne, Michigan Restricted Stock Award Plan is a program offered by Coca-Cola Enterprises, Inc. to its employees residing in Wayne, Michigan. This plan allows eligible employees to receive restricted stock awards as a part of their compensation package. Under the Wayne Michigan Restricted Stock Award Plan, eligible employees are granted restricted stock units (RSS) which represent a specific number of shares of Coca-Cola Enterprises, Inc. stock. This RSS is subject to certain restrictions and vesting conditions, determining when and how the employee can fully own the stock. The Wayne Michigan Restricted Stock Award Plan aims to provide employees with long-term incentives to motivate and reward their contribution to the company's success. By granting RSS, Coca-Cola Enterprises, Inc. aligns the interests of its employees with that of its shareholders, encouraging them to work towards the company's growth and profitability. The plan includes various types of restricted stock awards, including performance-based and time-based awards. Performance-based awards are granted based on the attainment of specified performance goals, such as revenue targets or profitability metrics. Time-based awards, on the other hand, vest over a specified period of time, often in annual increments, irrespective of performance goals. Employees participating in the Wayne Michigan Restricted Stock Award Plan need to adhere to the terms and conditions laid out by Coca-Cola Enterprises, Inc. This includes remaining employed by the company for a specific period of time, usually referred to as the vesting period. During this time, employees cannot sell, transfer, or pledge their RSS. Once the RSS are vested, employees gain full ownership of the underlying Coca-Cola Enterprises, Inc. stock, and they can choose to retain or sell the shares. The Wayne Michigan Restricted Stock Award Plan aims to enhance employee retention, engagement, and loyalty by offering an attractive long-term incentive. It aligns the interests of employees and shareholders, fostering a sense of ownership and accountability among the workforce. Furthermore, this plan encourages employees to contribute to the company's growth and overall success, contributing to a positive work environment. In conclusion, the Wayne Michigan Restricted Stock Award Plan offered by Coca-Cola Enterprises, Inc. is designed to reward and motivate employees by granting them restricted stock units (RSS). With both performance-based and time-based awards, this plan aligns the interests of employees and shareholders, promoting long-term commitment and fostering a culture of ownership within the Wayne, Michigan Coca-Cola Enterprises, Inc. community.

Wayne, Michigan Restricted Stock Award Plan is a program offered by Coca-Cola Enterprises, Inc. to its employees residing in Wayne, Michigan. This plan allows eligible employees to receive restricted stock awards as a part of their compensation package. Under the Wayne Michigan Restricted Stock Award Plan, eligible employees are granted restricted stock units (RSS) which represent a specific number of shares of Coca-Cola Enterprises, Inc. stock. This RSS is subject to certain restrictions and vesting conditions, determining when and how the employee can fully own the stock. The Wayne Michigan Restricted Stock Award Plan aims to provide employees with long-term incentives to motivate and reward their contribution to the company's success. By granting RSS, Coca-Cola Enterprises, Inc. aligns the interests of its employees with that of its shareholders, encouraging them to work towards the company's growth and profitability. The plan includes various types of restricted stock awards, including performance-based and time-based awards. Performance-based awards are granted based on the attainment of specified performance goals, such as revenue targets or profitability metrics. Time-based awards, on the other hand, vest over a specified period of time, often in annual increments, irrespective of performance goals. Employees participating in the Wayne Michigan Restricted Stock Award Plan need to adhere to the terms and conditions laid out by Coca-Cola Enterprises, Inc. This includes remaining employed by the company for a specific period of time, usually referred to as the vesting period. During this time, employees cannot sell, transfer, or pledge their RSS. Once the RSS are vested, employees gain full ownership of the underlying Coca-Cola Enterprises, Inc. stock, and they can choose to retain or sell the shares. The Wayne Michigan Restricted Stock Award Plan aims to enhance employee retention, engagement, and loyalty by offering an attractive long-term incentive. It aligns the interests of employees and shareholders, fostering a sense of ownership and accountability among the workforce. Furthermore, this plan encourages employees to contribute to the company's growth and overall success, contributing to a positive work environment. In conclusion, the Wayne Michigan Restricted Stock Award Plan offered by Coca-Cola Enterprises, Inc. is designed to reward and motivate employees by granting them restricted stock units (RSS). With both performance-based and time-based awards, this plan aligns the interests of employees and shareholders, promoting long-term commitment and fostering a culture of ownership within the Wayne, Michigan Coca-Cola Enterprises, Inc. community.