The North Carolina Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive program designed to reward and retain key employees based in North Carolina. As a global corporation, Coca-Cola Enterprises, Inc. recognizes the importance of attracting top talent and providing them with competitive benefits. Under this plan, eligible employees are granted restricted stock awards as a means to align their interests with the long-term success of the company. These awards are subject to certain restrictions and vesting schedules. By awarding employees with restricted stock, Coca-Cola Enterprises, Inc. ensures that their commitment and dedication contribute to the overall growth and profitability of the organization. The North Carolina Restricted Stock Award Plan offers several types of awards, tailored to meet different criteria and goals. The plan includes: 1. Performance-Based Restricted Stock Awards: These awards are granted to employees based on predefined performance targets or milestones. Employees are required to achieve or exceed these targets within a specific time frame to receive the full benefits of the award. This type of award encourages high performance and goal-oriented behavior among employees. 2. Time-Based Restricted Stock Awards: These awards are granted to employees based on their length of service. The awards typically vest over a specific period of time, incentivizing employees to remain with the company and contribute to its long-term success. Time-based awards align the interests of employees with the organization, fostering loyalty and commitment. 3. Acquisition or Merger-Based Restricted Stock Awards: In the event of a merger, acquisition, or other significant corporate transaction, Coca-Cola Enterprises, Inc. may grant restricted stock awards to eligible employees. These awards are designed to ensure employee retention and motivation throughout such transformative periods. By rewarding employees with restricted stock, the company aims to minimize disruption and maintain a strong workforce during times of change. The North Carolina Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. operates within the guidelines set forth by legal and regulatory authorities, ensuring compliance with relevant state and federal laws. The plan is carefully administered by the company's compensation committee, which determines eligibility, grant amounts, vesting schedules, and other important details. Overall, the North Carolina Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. serves as a valuable tool for attracting, incentivizing, and retaining talented employees within the company's North Carolina division. By offering various types of awards tailored to different circumstances, the company ensures its workforce remains highly motivated, engaged, and aligned with the organization's long-term goals.
North Carolina Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.
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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.
CocaCola stock-based compensation for the twelve months ending June 30, 2023 was $807M, a 4.95% decline year-over-year. CocaCola annual stock-based compensation for 2022 was $0.356B, a 5.64% increase from 2021.
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.
Our Company grants stock options and restricted stock awards to certain employees of the Company.