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
Maine Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.
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FAQ
Restricted stock units are a type of compensation in which an employee receives shares of stock that are paid out over a period of years. Restricted stock units fluctuate in value over time.
Each RSU will correspond to a certain number and value of employer stock. For example, suppose your RSU agreement states that one RSU corresponds to one share of company stock, which currently trades for $20 per share. If you're offered 100 RSUs, then your units are worth 100 shares of stock with a value of $2,000.
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.
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.