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EXHIBIT 10.26.2    
    

 
 

DEFERRED COMPENSATION PLAN DELEGATION OF AUTHORITY
  FROM THE COMPENSATION COMMITTEE
  TO THE MANAGEMENT COMMITTEE    
    

        The following parameters define the authority of the Management Committee for The Coca-Cola Company Deferred Compensation Plan (the "Plan") to act on
behalf of the Compensation Committee of the Board of Directors. These are the general operating parameters of the Management Committee to carry out the administration of the Plan. This delegation
supercedes the delegation made on December 19, 2001. 

        The
Management Committee may: 

	•
	Establish
and change from time to time the eligibility criteria for any reason, including to comply with all applicable laws relating to salary grade (or other similar
measurement criteria) and compensation levels; provided, however, that the Management Committee may not adopt eligibility rules that affect only executive officers of the Company;

	•
	Review
and approve individual participant eligibility, including designating which individuals are eligible for equity deferrals under the Plan;

	•
	Provide
oversight of the administrative guidelines for the Plan;

	•
	Respond
(or delegate responsibility to respond) to individual claims of Plan participants and provide claims resolution procedures;

	•
	Review
and approve Hardship Withdrawal requests;

	•
	Establish
and change from time to time Sources of Deferrals and minimum and maximum deferral elections and distribution amounts;

	•
	Establish
(or delegate responsibility to establish) applicable benchmark funds for deemed investments;

	•
	Construe
and interpret the terms and provisions of this Plan;

	•
	Compute
and certify to the amount and kind of benefits payable to Participants and their Beneficiaries;

	•
	Maintain
all records that may be necessary for the administration of the Plan;

	•
	Provide
for the disclosure of all information and the filing or provision of all reports and statements to Participants, Beneficiaries or governmental agencies as shall be
required by law;

	•
	Make
and publish such rules for the regulation of the Plan and procedures for the administration of the Plan as are not inconsistent with the terms hereof;

	•
	Appoint
a Plan administrator, third-party recordkeeper, or any other agent, and to delegate to them such powers and duties in connection with the administration of the Plan
as the Management Committee may from time to time prescribe;

	•
	Amend
the Plan; provided that the Management Committee may only adopt amendments that i) apply to the general population of Participants and do not affect only
officers of the Company; ii) do not have a material financial impact on the Company; or iii) are required by tax or legal statutes, regulations or pronouncements; and

	•
	Take
all actions necessary for the administration of the Plan. 

        With
regards to specific executive officer transactions, the Management Committee may: 

	•
	Review
and approve sources of deferral, deferral elections and distributions; 

	•
	Review
and approve Hardship Withdrawal Requests. With regard to such Hardship requests, the Management Committee is authorized to establish guidelines for approval that are
consistent with IRS regulations, and to approve requests, within those specific guidelines, for all participants including Elected Corporate Officers;

	•
	Review
and approve unscheduled in-service distributions up to $250,000; and

	•
	Where
applicable, determine if such officer is terminated for Cause, as defined in the Plan. 

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EXHIBIT 10.26.2

DEFERRED COMPENSATION PLAN DELEGATION OF AUTHORITY FROM THE COMPENSATION COMMITTEE TO THE MANAGEMENT COMMITTEEQuickLinks
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EXHIBIT 10.32    
    

 
 

CONSULTING AGREEMENT    
    

        THIS CONSULTING AGREEMENT (referred to as "Agreement") made and entered into this 1st day of August, 2003 by and between The Coca-Cola
Company, a Delaware corporation ("Company") and Chatham International Corporation ("Consultant"). 

WITNESSETH: 

        WHEREAS, Consultant desires to perform consulting services for Company, on the terms and conditions hereinafter set forth. 

        NOW, THEREFORE, in consideration of the premises and the mutual promises and agreement contained herein, the parties hereto, intending to
be legally bound, hereby agree as follows: 

1.    Consultant Undertakings    

        1.1    Consultant,
by the services of Brian G. Dyson, shall provide consultation to management of Company from time to time as requested by Company's Chairman and Chief
Executive Officer (Douglas N. Daft) or his designees. 

        1.2    Such
consultation shall include, without limitation, involvement with Company business plans, bottlers and joint ventures. 

2.    Consulting Fees and Expenses    

        2.1    As
full and total compensation for services by Consultant under and during the term of this Agreement, Company shall pay to Consultant $16,666.67 per month. 

        2.2    Company
shall reimburse Consultant for expenses he may reasonably incur in connection with his performance hereunder provided such expenses are not reimbursed elsewhere
and that all such expenses shall be approved in writing by Company's Office of the Chairman. 

        2.3    Consultant
shall also be eligible for discretionary and periodic performance bonuses for exceptional service against specified tasks. Such discretionary bonus shall be
determined by the CEO in consultation with the Compensation Committee of the Board of Directors. 

3.    Term    

        3.1    This
Agreement shall commence on September 1, 2003 and shall expire on August 31, 2004. This Agreement may be extended by the mutual written agreement of
Company and Consultant. 

4.    Intellectual Property    

        4.1    In
this Agreement, "Intellectual Property" means all works, including literary works, pictorial, graphic and sculptural works, architectural works, works of visual art,
and any other work that may be the subject matter of copyright protection; advertising and marketing concepts; information; data; formulas; designs; models; drawings; computer programs; including all
documentation, related listings, design specifications, and flowcharts, trade secrets, and any inventions including all processes, machines, manufactures and compositions of matter and any other
invention that may be the subject matter of patent protection; and all statutory protection obtained or obtainable thereon. Consultant hereby assigns to Company all worldwide right, title and interest
in and to Intellectual Property created, made, conceived, reduced to practice or authored by Consultant, or any persons provided by Consultant either solely or jointly with others, during the
performance of this Agreement or with the use of information, materials or facilities of Company received by Consultant during the term of this Agreement. Company shall be free to make, have made, use
and sell products utilizing the Intellectual Property assigned to Company. 

        4.2    Consultant
shall promptly disclose to Company all Intellectual Property created by Consultant during the term of this Agreement. 

 

        4.3    Consultant
shall execute or cause to be executed, all documents and perform such acts as may be necessary, useful or convenient to secure for Company statutory
protection including patent, trademark, trade secret or copyright protection throughout the world for all Intellectual Property assigned to Company pursuant to this Section. In addition, any
Intellectual Property which qualifies as a work made for hire under the U.S. Copyright laws shall be a work made for hire and shall be owned by Company. 

        4.4    Consultant
shall retain ownership of all Intellectual Property clearly documented as having been made solely by Consultant prior to the date of this Agreement and
expressly excluded from this Agreement in an attachment hereto. 

5.    Confidentiality    

        5.1    It
is presumed that Company has disclosed or may disclose to Consultant or Consultant may come in contact with or observe business information, know-how,
marketing plans, trade secrets, inventions, and other intellectual property rights (all which are hereinafter jointly referred to as "Proprietary Information") that are either the property of Company
or controlled by Company. Such Proprietary Information must be held in strict confidence by Consultant and must not be used or disclosed to any third party without the express prior written permission
of an officer of Company. Consultant must safeguard all written materials that Company supplies to Consultant, must not copy or duplicate such materials without Company's prior written consent, and
must return such materials to Company upon the completion of services hereunder or upon Company's request. 

6.    Limitations    

        6.1    For
the duration of this Agreement, and for a period of two years thereafter, Consultant must not, without the prior written consent of Company, render services to any
other firm, corporation, or individual engaged in a business competitive with that of Company. Any such performance constitutes a material breach of this Agreement. 

7.    Miscellaneous    

        7.1    Independent Consultant.    Consultant is and will remain an independent consultant and not an employee of
Company and has no authority to bind Company in any way. It is expressly understood that this undertaking does not constitute a joint venture. Consultant agrees that it shall have exclusive control
and direction of those persons engaged in performing the services provided for hereunder, and neither Consultant nor any of its employees or subconsultants shall be deemed to be employees of Company.
Consultant agrees to assume full responsibility for the payment of all local, state and federal payroll and withholding taxes or contributions or taxes for unemployment insurance, pension, worker's
compensation, or other social security or related protection with respect to those persons engaged in the performance of services in connection with this Agreement. Consultant further understands that
Consultant is entitled to no other benefits hereunder except that compensation set forth in Section 2 above. It is understood that Consultant will not be required to work scheduled hours and
Consultant may perform the services at those locations that Consultant deems appropriate to fulfill Consultant's obligations under this Agreement. 

        7.2    Use of Company's Name.    Consultant must not, without Company's prior written approval, publish or use any
advertising, sales promotion or publicity relating to services, reports and materials furnished by Consultant in which the name of Company is mentioned or its identity implied. In addition, Consultant
agrees that it will not use Company's name in poor taste or in a disparaging manner. 

        7.3    Governing Law.    This Agreement shall be subject to the laws of the State of Georgia, and the parties agree
all disputes arising from or related to this Agreement shall be litigated in the state or federal courts located in Fulton County, Georgia. The parties agree that such courts shall be the 

2

 

exclusive
forums for such disputes and hereby submit to the jurisdiction and venue of such courts for the litigation of all such disputes. The parties hereby waive any claims of improper venue or lack
of personal or subject matter jurisdiction as to any such disputes. 

        7.4    Waivers.    All waivers of a breach or violation of this Agreement by either party must be in writing and
cannot operate as, or be construed to be, a waiver of subsequent breach hereof. 

        7.5    Warranties.    Consultant certifies and warrants that: 

	(1)
	Consultant
has the experience and ability necessary to perform all services required by this Agreement.

	(2)
	Consultant
has full power and authority to enter into and fully perform this Agreement, and no services, equipment, materials or reports furnished hereunder will in any way infringe
upon or violate the rights of any third person, including, without limitation, rights of patent, trade secret, trademark or copyright. 

        7.6    Code of Business Conduct.    Consultant acknowledges receipt by him of a copy of the Code of Business Conduct
of The Coca-Cola Company, and agrees to be bound by its provisions. 

8.    Notices    

        8.1    Unless
otherwise provided for herein, all notices required or permitted hereunder shall be in writing and delivered to the respective parties at the addresses set forth
below (or to such other addresses as either party may provide to the other party in accordance herewith), by hand delivery, by certified mail, return receipt requested, postage prepaid or by telegram,
telex or telecopy, charges prepaid and shall be deemed served upon the date of deposit in the mail or at a telegraph office or upon the date of delivery if delivered by hand or by telex or telecopy: 

If
to The Coca-Cola Company, addressed to: 

The
Coca-Cola Company

P.O. Drawer 1734

Atlanta, Georgia 30301

Attention: Office of the Chairman 

If
to Consultant, addressed to: 

Mr. Brian
G. Dyson

[address intentionally deleted] 

9.    Entire Agreement    

        9.1    This
Agreement embodies the full and complete understanding of the parties hereto and supersedes any previous agreement, written or oral, relating to the subject matter
hereof. The parties may modify this Agreement only by written instrument signed by each of the parties hereto. 

10.    Captions    

        10.1    The
captions used in this Agreement are for convenience only and cannot affect in any way the meaning or interpretation of any of the provisions set forth herein. 

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11.    Survival    

        11.1    Sections 4,
5, 6 and 7 shall survive expiration or termination of this Agreement. 

        IN
WITNESS WHEREOF, Company and Consultant have executed this Agreement under seal as of the date first above written. 

	 	 	THE COCA-COLA COMPANY
	

 	
 	

 	

 
	 	 	By:	/s/  STEVEN J. HEYER      

	 	 	Title:	President and Chief Operating Officer
	 	 	Date:	January 22, 2004
	

 	
 	

 	

 
	 	 	CONSULTANT
	

 	
 	

 	

 
	 	 	By:	/s/  BRIAN G. DYSON      

	 	 	Title:	President—CIC
	 	 	Date:	January 22, 2004

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EXHIBIT 10.32

CONSULTING AGREEMENT

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