The Iowa Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive program designed to offer eligible employees tangible incentives and rewards in the form of restricted stock units (RSS). This RSS is restricted in nature, meaning that they are subject to specific conditions and limitations before they can be fully owned by the recipient. Under the Iowa Restricted Stock Award Plan, Coca-Cola Enterprises, Inc. provides certain employees in Iowa with opportunities to acquire RSS, thereby granting them an ownership stake in the company. This plan serves as an essential tool to motivate employees, align their interests with those of the company, and reward their contribution to its success. The Iowa Restricted Stock Award Plan encompasses various types of awards, each tailored to address different employee groups and objectives. These types may include: 1. Employee Stock Purchase Plan (ESPN): This segment of the plan allows eligible employees to purchase Coca-Cola Enterprises, Inc. shares at a discounted price, typically through payroll deductions. It encourages long-term employee commitment by enabling them to become shareholders and benefit from the company's growth. 2. Performance-Based Restricted Stock Units: These awards are granted based on predetermined performance criteria. They aim to incentivize employees to achieve specific financial, operational, or individual goals. Performance-based RSS are often subject to vesting schedules, which ensure that the recipient's ownership of the shares gradually increases over time. 3. Time-Based Restricted Stock Units: This type of award is granted based on an eligible employee's length of service within the company. It encourages loyalty and retention by offering a certain number of RSS that vest over a defined period. Employees may gain full ownership of the RSS upon completion of the specific vesting period. 4. Director Compensation RSS: This RSS is typically granted to non-employee directors as part of their compensation for serving on the company's board. They align the interests of directors with those of shareholders and provide an incentive for them to contribute to the company's long-term success. Employees participating in the Iowa Restricted Stock Award Plan will receive detailed information about the terms, conditions, and restrictions associated with their specific grants. These grants encourage dedication, commitment, and alignment with Coca-Cola Enterprises, Inc.'s goals while providing employees with a stake in the company's future growth. In conclusion, the Iowa Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a multifaceted program that provides employees with the opportunity to acquire restricted stock units as a form of recognition and motivation. Through various types of awards, this plan aims to foster employee engagement, retention, and ownership in the company.
Iowa Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.
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A Restricted Stock Award Share is a grant of company stock in which the recipient's rights in the stock are restricted until the shares vest (or lapse in restrictions). The restricted period is called a vesting period.
Our Company grants stock options and restricted stock awards to certain employees of the Company.
Benefits Summary for The Coca-Cola Company Severance Pay. Health Insurance. Dental Insurance. Life Insurance. Vision Insurance. Temporary Disability Insurance. Long-term Disability Insurance. Accidental Death & Dismemberment Insurance.
In 2003, the Company established a program to grant performance share units under The Coca-Cola Company 1989 Restricted Stock Award Plan to executives. In 2008, the Company expanded the program to award a mix of stock options and performance share units to eligible employees in addition to executives.