The Nebraska Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a comprehensive compensation program offered by the company to its employees in Nebraska. This plan allows eligible employees to receive restricted stock awards as a part of their overall remuneration package. Under the Nebraska Restricted Stock Award Plan, employees are granted a specific number of shares of Coca-Cola Enterprises stock, which are subject to certain restrictions and conditions. These restrictions are put in place to incentivize long-term commitment and performance among employees, as well as align their interests with those of the company and its shareholders. Employees who are awarded restricted stock grants become the owners of the shares immediately. However, they are restricted from selling, transferring, or disposing of these shares until the restrictions expire or certain conditions are met. The purpose of these restrictions is to ensure that employees remain with the company for a specified period, usually referred to as the vesting period, and meet performance objectives or other predetermined criteria. Nebraska Restricted Stock Award Plan offers several benefits for eligible employees. Firstly, it provides them with an opportunity to become shareholders in the company, allowing them to have a vested interest in its growth and success. Secondly, this plan serves as a powerful retention tool as it encourages employees to remain with the company for a certain duration. This, in turn, promotes loyalty and reduces turnover rate. Additionally, the Nebraska Restricted Stock Award Plan may have different types or variations, depending on the specific needs or objectives of Coca-Cola Enterprises. For example, there might be different vesting schedules, performance conditions, or eligibility criteria for various categories of employees, such as executives, managerial staff, or general employees. In conclusion, the Nebraska Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. is a compensation program designed to provide eligible employees with restricted stock awards. These awards come with specific restrictions and conditions, encouraging long-term commitment, performance, and aligning the interests of employees with those of the company. This plan serves as a retention tool and offers various benefits to participating employees.
Nebraska 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.
A restricted stock award (RSA) is a form of equity compensation used in stock compensation programs. An RSA is a grant of company stock in which the recipient's rights in the stock are restricted until the shares vest.
An executive receiving RSUs will receive value even if the stock price drops. For example, if the stock price drops from $20 per share on the grant date to $15 per share on the vesting date, the executive would still receive stock valued at $150,000 before taxes.
Restricted stock units are a type of stock-based compensation awarded to employees. RSUs initially have no financial value, but are a promise to the employee that they will receive stock at a specified time in the future.