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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• 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

The Pennsylvania Restricted Stock Award Plan, offered by Coca-Cola Enterprises, Inc., is an employee equity compensation program designed to provide long-term incentive benefits to eligible employees located in Pennsylvania. This plan aims to attract and retain top talent while aligning their interests with the company's overall performance and growth. Under the Pennsylvania Restricted Stock Award Plan, eligible employees are granted restricted stock awards, which are shares of Coca-Cola Enterprises, Inc. stock subject to certain restrictions for a specified period of time. These restrictions typically include a vesting period, during which the stock cannot be sold or transferred. Once the vesting period is completed, employees gain full ownership of the granted shares, allowing them to sell, transfer, or retain them as desired. The Pennsylvania Restricted Stock Award Plan serves as a valuable tool to incentivize employees, as it rewards their dedication, performance, and loyalty to the company. By linking the value of the awards directly to the success of Coca-Cola Enterprises, Inc., employees become motivated to contribute towards the organization's growth and profitability. Additionally, this plan establishes a sense of ownership and pride among employees, as they directly participate in the company's financial success. It aligns their interests with those of shareholders, fostering a culture of shared goals and accountability within the Pennsylvania workforce. The Pennsylvania Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. may have different variations or types based on the specific terms and conditions applicable to different employee groups or levels within the organization. These variations could include: 1. Executive Pennsylvania Restricted Stock Award Plan: This plan might be tailored specifically for executives or high-level management, offering more substantial stock grants and potential performance-based enhancements. 2. Employee Pennsylvania Restricted Stock Award Plan: Designed for the broader employee base, this plan may have different vesting schedules or performance criteria, providing employees with opportunities to acquire company stock over time. 3. Performance-Based Pennsylvania Restricted Stock Award Plan: This variation could be based on specified performance metrics or achievements, allowing employees to earn additional stock grants based on their individual or team-based performance goals. 4. Officer Pennsylvania Restricted Stock Award Plan: Geared towards designated officers within the organization, this plan might offer more extensive stock benefits and additional perks to attract and retain high-ranking personnel. It's important to note that the specific details and terms of the Pennsylvania Restricted Stock Award Plan of Coca-Cola Enterprises, Inc. may be subject to change, based on corporate decisions, regulations, or external market factors. Employees should consult the plan documents, company communications, and HR representatives for the most accurate and up-to-date information regarding the plan and any potential variations.