share_log

Coca-Cola | 8-K: Supplemental Award Notification

SEC ·  Aug 22 05:25

Summary by Futu AI

On August 21, 2024, The Coca-Cola Company announced the approval of supplemental award notifications by its Talent and Compensation Committee. These supplements apply to certain 2022 and 2023 restricted stock unit agreements and performance share unit agreements under the company's 2014 Equity Plan. The provisions offer benefits to employees with outstanding awards in cases of involuntary termination due to workforce reduction, internal reorganization, or job elimination, as well as voluntary separations. Benefits include the continued vesting of unvested performance share units and restricted stock units with a vest date within 10 months of termination, subject to performance criteria. However, all other unvested awards will be forfeited. Terminated employees must sign a release of claims and potentially a confidentiality and non-competition agreement to receive these benefits. The supplements are designed to align with terms for similar awards granted in 2024.
On August 21, 2024, The Coca-Cola Company announced the approval of supplemental award notifications by its Talent and Compensation Committee. These supplements apply to certain 2022 and 2023 restricted stock unit agreements and performance share unit agreements under the company's 2014 Equity Plan. The provisions offer benefits to employees with outstanding awards in cases of involuntary termination due to workforce reduction, internal reorganization, or job elimination, as well as voluntary separations. Benefits include the continued vesting of unvested performance share units and restricted stock units with a vest date within 10 months of termination, subject to performance criteria. However, all other unvested awards will be forfeited. Terminated employees must sign a release of claims and potentially a confidentiality and non-competition agreement to receive these benefits. The supplements are designed to align with terms for similar awards granted in 2024.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.