Document:

2000 Restricted Stock Awards to Company's General Managers in the Netherlands

 
EXHIBIT 10.23

 
2000 Restricted Stock Awards 
to Certain of the Company’s 
General Managers in the Netherlands 
 
The recipient received 6,000 shares of restricted stock under the attached documents. 
 
Recipient: 
 
Jan Claes 
 

 
COCA-COLA ENTERPRISES
INC. 
 
2000 Restricted Stock Award 
 
TO:       Jan Claes 
DATE:  February 7, 2000 
 
Coca-Cola Enterprises (the “Company”) has decided to make an award of restricted stock in 2000 to certain key employees of the Company and its
subsidiaries whose continued service should be rewarded and encouraged. We are pleased to advise you that you have been awarded 6,000 shares of restricted stock, subject to the terms and conditions explained below. 
 

	1.	 	Restricted Stock Award.    A share of restricted stock is an actual share of common stock of the Company. The stock certificate for your restricted
stock award will be issued in your name but held by the Company. The effective date of this award is February 7, 2000, unless you decline to accept the award within 30 days of that date. 

 

	2.	 	Ownership Rights.    As of the date this restrictive stock award is transferred to you, you will have the rights of ownership with respect to the
shares, except such shares cannot be sold, pledged or transferred until the restrictions are removed, and it is subject to forfeiture, as described in this award document. You are entitled to vote shares of restricted stock and to receive any
dividends paid on such shares. (You should contact Share Owner Relations at (770) 989-3796 if you wish to have these dividends applied to purchase additional shares of the Company’s stock through the Company’s Dividend Reinvestment Plan.)

 

	3.	 	Vesting.    In order for restricted shares of stock to vest, the restrictive legend on the share certificate must be removed. At that
time you will have all the privileges of ownership and the stock certificate(s) will be delivered to you. Restrictions will be removed from one-hundred percent (100%) of this award at the earliest to occur of: 

 

	 	a.	 	December 14, 2004, five years from the date on which this award was authorized, if you are continuously employed by the Company or and Affiliated Company until that
date, or 

 

	 	b.	 	Your death or disability. 

 

	4.	 	Effects of Termination on Unvested Restricted Stock.    One-hundred percent (100%) of this award will be forfeited if it is not
vested, in accordance with item 2, before or upon your termination of employment. 

 

	5.	 	Definitions.    For purposes of this award of restricted stock: 

 

	 	a.	 	“Disability” means a determination, made by a physician selected by the Company, that you are incapable of performing the material duties of your position or any
position to which you may be reassigned by the Company. 

 

	 	b.	 	For purposes of this award, your employment with the Company will not be considered terminated if you become immediately employed by The Coca-Cola Company or any company or
business entity in which The Coca-Cola Company or the Company owns, directly or indirectly, 20% or more of the voting stock or capital and the Company agrees to 

 

such subsequent employment (“Affiliated Company”). Termination from such subsequent
employment, however, shall be deemed termination from the Company, with the terms of this Agreement applicable thereto, unless you become immediately reemployed with the Company or another Affiliated Company. 
 

	6.	 	Adjustment in the Number of Shares.    In the event there is any change in the number of shares of common stock of Coca-Cola Enterprises Inc.
through stock dividends, through stock splits through recapitalization or merger, share exchange, consolidation or otherwise, the Company shall make such adjustment, if any, that it may deem appropriate in the number of shares of stock subject to
this award. 

 

	7.	 	Governing Law.    This award, and all determination made and actions taken with respect to this award, shall be governed by the laws of the
State of Georgia, USA, and interpreted in accordance with such laws. 

 
ENCLOSURE 
 

	1.	 	Stock Power — Please fax or mail a signed copy of the enclosed Stock Power to: 

 
Coca-Cola Enterprises Inc. 
Attn: Theresa Byrd, Stock Plan Administrator 
P.O. Box 723040 
Atlanta, GA 31139-0040 
(770) 989-35972000 Restricted Stock Awards -United Kingdom

 
EXHIBIT 10.24

 
2000 Restricted Stock Awards 
to Certain of the Company’s 
General Managers in the United Kingdom 
 
Each recipient received 6,000 shares of restricted stock under the attached documents. 
 
Recipients: 
 
Robert Ireland 
Kevin Warren 

 
COCA-COLA ENTERPRISES
INC. 
 
2000 Restricted Stock Award 
 
TO: 
 
DATE:    February 7, 2000 
 
Coca-Cola Enterprises (the “Company”) has decided to make an award of restricted stock in 2000 to certain key employees of the Company and its
subsidiaries whose continued service should be rewarded and encouraged. We are pleased to advise you that you have been awarded 6,000 shares of restricted stock, subject to the terms and conditions explained below. 
 

	1.	 	Restricted Stock Award.    A share of restricted stock is an actual share of common stock of the Company. The stock certificate for your restricted
stock award is issued in your name but held by the Company under a Stock Power that you give the Company. Your restricted stock will be transferred to you effective with the Company’s receipt of a signed copy of the enclosed Stock Power by mail
or fax to: 

 
Coca-Cola
Enterprises Inc. 
Attn: Theresa Byrd, Stock Plan Administrator 
P.O. Box 723040 
Atlanta, GA 31139-0040 
(770) 989-3597 
 

	2.	 	Ownership Rights.    As of the date this restrictive stock award is transferred to you, you will have the rights of ownership with respect to the
shares, except such shares cannot be sold, pledged or transferred until the restrictions are removed, and it is subject to forfeiture, as described in this award document.You are entitled to vote shares of restricted stock and to receive any
dividends paid on such shares. 

 

	3.	 	Vesting.    In order for restricted shares of stock to vest, the restrictive legend on the share certificate must be removed. At that
time you will have all the privileges of ownership and the certificates will be delivered to you. Restrictions will be removed from one-hundred percent (100%) of this award at the earliest to occur of: 

 

	 	a.	 	December 14, 2004, five years from the date on which this award is effective, if you are continuously employed by the Company or and Affiliated Company until that date,
or 

 

	 	b.	 	Your death or disability. 

 

	4.	 	Effects of Termination on Unvested Restricted Stock.    One-hundred percent (100%) of this award will be forfeited if it is not
vested, in accordance with item 2, before or upon your termination of employment. 

 

	5.	 	Definitions.    For purposes of this award of restricted stock: 

 

	 	a.	 	“Disability” means a determination, by a physician selected by the Company, that you are unable to perform the material duties of your position or a position to
which the Company reassigns you. 

 

	 	b.	 	Your employment with the Company will not be considered terminated if you become immediately employed by The Coca-Cola Company or any company or business entity in which The
Coca-Cola Company or the Company owns, directly or indirectly, 20% or more of the voting stock or capital and the Company agrees to such subsequent employment (“Affiliate Company”). Termination from such subsequent employment, however,
shall be deemed termination from the Company, with the terms of this Agreement applicable thereto, unless you become immediately reemployed with the Company or another Affiliated Company. 

 

	6.	 	Tax Obligations.    The following information, together with the information provided in Exhibit 1, summarizes the United Kingdom tax
consequences associated with the transfer of restricted stock. As you will wish to consider these tax rules in conjunction with your own financial situation, the Company recommends that you consult your financial advisor about tax rules.

 

	 	a.	 	The dividends will be taxable income to you in the year they are paid. The dividends will not be regarded as income from foreign investment and as such will not be subjected
to deduction of income tax under PAYE. The dividends received will need to be reported on your UK tax return by completing a Foreign Income page even if you participate in the Company’s Dividend Reinvestment Plan. Dividends on additional shares
purchased through the Dividend Reinvestment Plan will be reported on a Form 1099-DIV, which will be sent to you from our transfer agent. If you have any questions regarding the Dividend Reinvestment Plan, please contact Share Owner Relations at
(770) 989-3796 

 

	 	b.	 	You will have taxable income equal to the value of your shares on the date such shares fully vest, as described above. Income received as a result of the vesting of restricted
stock is subject to immediate PAYE withholding of income tax and National Insurance to the extent applicable. Payment to the Company or the relevant subsidiary of applicable taxes, or satisfactory arrangements to make such payment, is required
immediately after the vesting of any portion of this award. The Company may retain custody of your shares of stock until such payments or arrangements are made or may deduct from any payment of any kind otherwise due you an amount equal to the
amount required by law to be withheld from your income and remitted to the appropriate tax authorities. 

 

	 	c.	 	The analysis given above assumes that you are “resident and ordinarily resident” for UK tax purposes at the date of the award of the restricted stock. If you are not
“ordinarily resident” in the UK, the tax implications of the award will be different. As already stated, the Company recommends that you consult your financial advisor about tax rules arising from the award of restricted stock.

 

	7.	 	Adjustment in the Number of Shares.    In the event there is any change in the number of shares of common stock of Coca-Cola Enterprises Inc.
through stock dividends, through stock splits through recapitalization or merger, share exchange, consolidation or otherwise, the Company shall make such adjustment, if any, that it may deem appropriate in the number of shares of stock subject to
this award. 

 

	8.	 	Acceptance of this Award.    Your execution and return of the enclosed Stock Power indicates your acceptance of this award and the terms and
conditions described in this award document. 

 

	9.	 	Governing Law.    This award, and all determination made and actions taken with respect to this award, shall be governed by the laws of the
State of Georgia, USA, and interpreted in accordance with such laws. 

 
EXHIBIT 
 

	1.	 	United Kingdom Tax Consequences, Restrictions on Resale of Stock and Incorporation by Reference, Pertaining to Restricted Stock.

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