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EXHIBIT 10.8.1  

 
 

THE COCA-COLA COMPANY    
    
    1989 RESTRICTED STOCK AWARD PLAN
  (As Amended through December 13, 2006)  

Section 1. Purpose  

        The purpose of the 1989 Restricted Stock Award Plan of The Coca-Cola Company (the "Plan") is to advance the interest of The Coca-Cola
Company (the "Company") and its Related Companies (as defined in Section 4 hereof), by encouraging and enabling the acquisition of a financial interest in the Company by officers and other key
employees through grants of restricted shares of Company Common Stock (the "Awards", or singly, an "Award"). The Plan is intended to aid the Company and its Related Companies in retaining officers and
key employees, to stimulate the efforts of such employees and to strengthen their desire to remain in the employ of the Company and its Related Companies. In addition, the Plan may also aid in
attracting officers and key employees who will become eligible to participate in the Plan after a reasonable period of employment by the Company or its Related Companies. 

Section 2. Administration  

        The Plan shall be administered by a committee (the "Committee") appointed by the Board of Directors of the Company (the "Board") or in accordance with
Section 7, Article III of the By-Laws of the Company (as amended through October 20, 2005) from among its
members and shall be comprised of not less than three (3) members of the Board. The Committee shall determine the officers and key employees of the Company and its Related Companies (including
officers, whether or not they are directors) to whom, and the time or times at which, Awards will be granted, the number of shares to be awarded, the time or times within which the Awards may be
subject to forfeiture, and all other conditions of the Award. The provisions of the Awards need not be the same with respect to each recipient. 

        The
Committee is authorized, subject to the provisions of the Plan, to establish such rules and regulations as it deems necessary or advisable for the proper administration of the Plan
and to take such other action in connection with or in relation to the Plan as it deems necessary or advisable. Each action made or taken pursuant to the Plan, including interpretation of the Plan and
the Awards granted hereunder by the Committee, shall be final and conclusive for all purposes and upon all persons, including, without limitation, the Company and its Related Companies, the Committee,
the Board, the Officers and the affected employees of the Company and/or its Related Companies and their respective successors in interest. 

Section 3. Stock  

        The stock to be issued under the Plan pursuant to Awards shall be shares of Common Stock, $.25 par value, of the Company (the "Stock"). The Stock shall be made
available from treasury or authorized and unissued shares of Common Stock of the Company. The total number of shares of Stock that may be issued pursuant to Awards under the Plan, including those
already issued, may not exceed 40,000,000 shares (subject to adjustment in accordance with Section 8). Shares of Stock previously granted pursuant to Awards, but which are forfeited pursuant to
Section 5, below, shall be available for future Awards. 

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Section 4. Eligibility  

        Awards may be granted to officers and key employees of the Company and its Related Companies who have been employed by the Company or a Related Company (but only
if the Related Company is one in which the Company owns on the grant date, directly or indirectly, either (i) 50% or more of the voting stock or capital where such entity is not publicly held,
or (ii) an interest which causes the Related Company's financial results to be consolidated with the Company's financial results for financial reporting purposes) for a reasonable period of
time determined by the Committee. The term "Related Company" shall mean any corporation or other business organization in which the Company owns, directly or indirectly, 20 percent or more of
the voting stock or capital at the applicable time. No
employee shall acquire pursuant to Awards granted under the Plan more than twenty (20) percent of the aggregate number of shares of Stock issuable pursuant to Awards under the Plan. 

Section 5. Awards  

        Except as otherwise specifically provided in the grant of an Award, Awards shall be granted solely for services rendered to the Company or any Related Company by
the employee prior to the date of the grant and shall be subject to the following terms and conditions: 

        (a)   The
Stock subject to an Award shall be forfeited to the Company if the employment of the employee by the Company or Related Company terminates for any reason (including,
but not limited to, termination by the Company, with or without cause) other than death, "Retirement", as hereinafter defined, provided that such Retirement occurs at least five (5) years from
the date of grant of an Award and also provided that the employee has attained the age of 62, or disability (within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, as
amended), prior to a "Change in Control" of the Company as hereinafter defined. "Disability", as used herein shall mean a condition for which a Participant becomes eligible for and receives a
disability benefit under the long term disability insurance policy issued to the Company providing Basic Long Term Disability Insurance benefits pursuant to The Coca-Cola Company Health
and Welfare Benefits Plan, or under any other long term disability plan which hereafter may be maintained by the Company, or for individuals outside the United States, an applicable governmental
entity. "Retirement", as used herein shall mean an employee's voluntarily leaving the employ of the Company or a Related Company on a date which is on or after the earliest date on which such employee
would be eligible for an immediately payable benefit pursuant to (i) for those employees eligible for participation in the Company's Supplemental Retirement Plan, the terms of that Plan and
(ii) for all other employees, the terms of the Employees Retirement Plan (the "ERP") assuming such employees were eligible to participate in the ERP. "Cause", as used herein and in conjunction
with an Award shall mean termination of employment by the Company or a Related Company which is based on a violation of the Company's Code of Business Conduct or any other policy of the Company or its
Related Company, or for gross misconduct. 

        (b)   If
at any time the recipient retires on a date which is at least five (5) years from the date of grant of an Award and on or after the date on which the employee
has attained the age of 62, dies or becomes disabled, or in the event of a "Change in Control" of the Company, as hereinafter defined, prior to such Retirement, death or disability, such recipient
shall be entitled to retain the number of shares subject to the Award. A "Change in Control" shall mean a change in control of a nature that would be required to be reported in response to Item 6(e)
of Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), as in effect on November 15, 1988, provided that such a
change in control shall be deemed to have occurred at such time as (i) any "person" (as that term is used in Sections 13(d) and 14(d)(2) of the Exchange Act), is or becomes the beneficial owner
(as defined in Rule 13d-3 under the Exchange Act) directly or indirectly, of securities representing 20% or more of the combined voting power for election of directors of the then
outstanding securities of the Company or any successor of the Company; (ii) during any period of two consecutive years or less, individuals who at the beginning of such period 

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constituted
the Board of Directors of the Company cease, for any reason, to constitute at least a majority of the Board of Directors, unless the election or nomination for election of each new
director was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of the period; (iii) the shareholders of the Company
approve any merger or consolidation as a result of which the Common Stock shall be changed, converted or exchanged (other than a merger with a wholly-owned subsidiary of the Company) or any
liquidation of the Company or any sale or other disposition of 50% or more of the assets or earning power of the Company; or (iv) the shareholders of the Company approve any merger or
consolidation to which the Company is a party as a result of which the persons who were shareholders of the Company immediately prior to the effective date of the merger or consolidation shall have
beneficial ownership of less than 50% of the combined voting power for election of directors of the surviving corporation following the effective date of such merger or consolidation; provided,
however, that no Change in Control shall be deemed to have occurred if, prior to such time as a Change in Control would otherwise be deemed to have occurred, the Board of Directors determines
otherwise. 

        (c)   Awards
may contain such other provisions, not inconsistent with the provisions of the Plan, as the Committee shall determine appropriate from time to time. 

        (d)   Performance-Based
Awards. 

        1.     The
Committee, which shall be comprised of two or more outside directors meeting the requirements of Section 162(m) of the Internal Revenue Code of 1986, as
amended (the "Code") may select from time to time, in its discretion, executive officers, senior vice-presidents and other key executives of the Company and its Related Companies, to
receive awards of restricted stock or performance share units under the Plan, in such amounts as the Committee may, in its discretion, determine (subject to any limitations provided in the Plan), the
release of which will be conditioned upon the attainment of certain performance targets ("Performance-Based Awards"). With respect to individuals residing in countries other than in the United States,
the Committee may authorize alternatives that deliver substantially the same value, including, but not limited to, promises of future
restricted stock awards provided that the grant and subsequent release is contingent upon attainment of certain performance targets under this section. 

        2.     The
Committee shall determine the performance targets and the Measurement Period (as defined below) that will be applied with respect to such grant. Grants of
Performance-Based Awards may be made, and the performance targets applicable to such Performance-Based Awards may be defined and determined, by the Committee no later than ninety days after the
commencement of the Measurement Period. The performance criteria applicable to Performance-Based Awards will be one or more of the following criteria: 

	•
	increase
in shareowner value;

	•
	earnings
per share;

	•
	net
income;

	•
	return
on assets;

	•
	return
on shareowners' equity;

	•
	increase
in cash flow;

	•
	operating
profit or operating margins;

	•
	revenue
growth of the Company;

	•
	operating
expenses;

	•
	quality
as determined by the Company's Quality Index; 

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	•
	economic
profit;

	•
	return
on capital;

	•
	return
on invested capital;

	•
	earnings
before interest, taxes, depreciation and amortization;

	•
	goals
relating to acquisitions or divestitures;

	•
	unit
case volume;

	•
	operating
income;

	•
	brand
contribution;

	•
	value
share of Non Alcoholic Ready-To-Drink segment;

	•
	volume
share of Non Alcoholic Ready-To-Drink segment;

	•
	net
revenue;

	•
	gross
profit; and

	•
	profit
before tax. 

At
the time the Committee sets the performance criteria, the Committee shall define the criteria and any adjustments to be applied. The performance criteria may be applied to the Company as a whole or
to a particular business unit, or a combination thereof, as determined at the time of grant applicable to the particular recipient. 

The
Measurement Period will be a period of at least one year, determined by the Committee in its discretion, commencing on January 1 of the first year of the Measurement Period and ending on
December 31 of the last year of the Measurement Period. The Measurement Period may be subject to adjustment as the Committee may provide in the terms of each award. For newly hired or eligible
individuals, the Measurement Period may consist of a partial year or years. The Committee may specify an additional required holding period after the Measurement Period. 

        3.     Except
as otherwise provided in the terms of the award, shares awarded in the form of Performance-Based Awards shall be eligible for release (the "Release Date") on
March 1 following the completion of the Measurement Period. 

        4.     Shares
awarded in the form of Performance-Based Awards will be released only if the Controller of the Company (or, for non-financial measures, the appropriate
approver) and the Committee certify that the performance targets have been achieved during the Measurement Period. 

        5.     In
addition to the other limitations in the Plan, a recipient may not receive Performance-Based Awards in a single year valued in excess of $20 million at the time
of the Award. 

        6.     Performance-Based
Awards granted pursuant to this Section 5(d) are intended to qualify as performance-based compensation under Section 162(m) of the Code
and shall be administered and construed accordingly. 

        (e)   The
receipt of stock subject to an Award shall be eligible for deferral in accordance with the terms and subject to the conditions of The Coca-Cola Company
Deferred Compensation Plan. 

        (f)    No
Award shall be released unless the employee properly, timely and unconditionally executes (by any means approved by the plan administrator or the Director, Executive
Compensation) an agreement provided in connection with the Award. 

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Section 6. Nontransferability of Awards  

        Shares of Stock subject to Awards shall not be transferable and shall not be sold, exchanged, transferred, pledged, hypothecated or otherwise disposed of at any
time prior to the first to occur of Retirement on a date which is at least five (5) years from the date of grant of an Award and on or after the date on which the employee has attained the age
of 62, death or disability of the recipient of an Award or a Change in Control. 

Section 7. Rights as a Stockholder  

        An employee who receives an Award shall have rights as a stockholder with respect to Stock covered by such Award to receive dividends in cash or other property or
other distributions or rights in respect to such Stock and to vote such Stock as the record owner thereof. 

Section 8. Adjustment in the Number of Shares Awarded  

        In the event there is any change in the Stock through the declaration of stock dividends, through stock splits or through recapitalization or merger or
consolidation or combination of shares or otherwise, the Committee or the Board shall make an appropriate adjustment in the number of shares of Stock thereafter available for Awards. 

Section 9. Taxes  

        (a)   If
any employee properly elects, within thirty (30) days of the date on which an Award is granted, to include in gross income for federal income tax purposes an
amount equal to the fair market value (on the date of grant of the Award) of the Stock subject to the Award, such employee shall make arrangements satisfactory to the Committee to pay to the Company
in the year of such Award, any federal, state or local taxes required to be withheld with respect to such shares. If such employee shall fail to make such tax payments as are required, the Company and
its Related Companies shall, to the extent permitted by law, have the right to deduct from any payment of any kind otherwise due to the employee any federal, state or local taxes of any kind required
by law to be withheld with respect to the Stock subject to such Award. 

        (b)   Each
employee who does not make the election described in paragraph (a) of this Section shall, no later than the date as of which the restrictions referred to in
Section 5 and such other restrictions as may have been imposed as a condition of the Award, shall lapse, pay to the Company, or make arrangements satisfactory to the Committee regarding payment
of any federal, state or local taxes of any kind required by law to be withheld with respect to the Stock subject to such Award, and the Company and its Related Companies shall, to the extent
permitted by law, have the right to deduct from any payment of any kind otherwise due to the employee any federal, state, or local taxes of any kind required by law to be withheld with respect to the
Stock subject to such Award. 

        (c)   The
Committee may specify when it grants an Award that the Award is subject to mandatory share withholding for satisfaction of tax withholding obligations by employees.
For all other Awards, whether granted before or after this paragraph 9(c) was added to this Plan, tax withholding obligations of an employee may be satisfied by share withholding, if permitted
by applicable law, at the written election of the employee prior to the date the restrictions on the Award lapse. The shares withheld will be valued at the average of the high and low market prices at
which a share of Stock was sold on the date the restrictions lapse (or, if such date is not a trading day, then the next trading day thereafter), as reported on the New York Stock
Exchange—Composite Transactions listing. 

5

 

Section 10. Restrictive Legend and Stock Power  

        Each certificate evidencing Stock subject to Awards shall bear an appropriate legend referring to the terms, conditions and restrictions applicable to such award.
Any attempt to dispose of Stock in contravention of such terms, conditions, and restrictions shall be ineffective. The Committee may adopt rules which provide that the certificates evidencing such
shares may be held in custody by a bank or other institution, or that the Company may itself hold such shares in custody until the restrictions thereon shall have lapsed and may require, as a
condition of any Award, that the recipient shall have delivered a stock power endorsed in blank relating to the Stock covered by such Award. 

Section 11. Amendments, Modifications and Termination of Plan  

        The Board or the Committee may terminate the Plan, in whole or in part, may suspend the Plan, in whole or in part from time to time, and may amend the Plan from
time to time, including the adoption of amendments deemed necessary or desirable to qualify the Awards under the laws of various states (including tax laws) and under rules and regulations promulgated
by the Securities and Exchange Commission with respect to employees who are subject to the provisions of Section 16 of the Exchange Act, or to correct any defect or supply an omission or
reconcile any inconsistency in the Plan or in any Award granted thereunder, without the approval of the stockholders of the Company; provided, however, that no action shall be taken without the
approval of the stockholders of the Company which may increase the number of shares of Stock available for Awards or withdraw administration from the Committee, or permit any person while a member of
the Committee to be eligible to receive an Award. Without limiting the foregoing, the Board of Directors or the Committee may make amendments applicable or inapplicable only to participants who are
subject to Section 16 of the Exchange Act. No amendment or termination or modification of the Plan shall in any manner affect Awards therefore granted without the consent of the employee unless
the Committee has made a determination that an amendment or modification is in the best interest of all persons to whom Awards have theretofore been granted. The Board or the Committee may modify or
remove restrictions contained in Sections 5 and 6 on an Award or the Awards as a whole which have been previously granted upon a determination that such action is in the best interest of the Company.
The Plan shall terminate when
(a) all Awards authorized under the Plan have been granted and (b) all shares of Stock subject to Awards under the Plan have been issued and are no longer subject to forfeiture under the
terms hereof unless earlier terminated by the Board or the Committee. 

Section 12. Governing Law  

        The Plan and all determinations made and actions taken pursuant thereto shall be governed by the laws of the State of Georgia and construed in accordance
therewith. 

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THE COCA-COLA COMPANY 1989 RESTRICTED STOCK AWARD PLAN    
    
    ADDENDUM    
    

For
Individuals Resident in France 

Awards
granted under The Coca-Cola Company 1989 Restricted Stock Award Plan (the "Plan") to employees (the "Employees") of Related Companies of The Coca-Cola Company in France
may be granted under the terms of this Addendum to the Plan, provided that such Awards shall not have terms that would not otherwise be allowed under the general terms of the Plan. 

	1.
	This
addendum shall be applicable to Employees who are employed by a Related Company of The Coca-Cola Company (as an employee or a director) and who is resident in France
at the time of the grant.

	2.
	Awards
granted under this Addendum shall include a minimum two-year vesting period and the Employee must hold such awards for a minimum two-year holding period
in order to qualify for the special tax considerations.

	3.
	Grants
under this Addendum must also comply with any other requirements set forth by the French tax administration in effect at the time of such grant. 

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THE COCA-COLA COMPANY 1989 RESTRICTED STOCK AWARD PLAN (As Amended through December 13, 2006)

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EXHIBIT 10.17  

 
 

LONG-TERM PERFORMANCE INCENTIVE PLAN
  OF THE COCA-COLA COMPANY
  (Amended and Restated through December 13, 2006)    
    

I. Plan Objective  

        The purpose of the Long-Term Performance Incentive Plan of The Coca-Cola Company is to promote the interests of The Coca-Cola
Company by providing additional long-term incentives for participating executive and senior officers and key employees who contribute to the improvement of operating results of the Company
and to reward outstanding performance on the part of those individuals whose decisions and actions most significantly affect the growth and profitability and efficient operation of the Company. 

II. Definitions  

        The terms used herein will have the following meanings: 

        "Applicable Interest Rate" means the interest rate determined pursuant to rules promulgated by the Compensation Committee, provided that
in no event will such interest rate constitute interest which is "above market" as set forth in Item 402 of Regulation S-K (or successor provision) promulgated by the Securities and
Exchange Commission. 

        "Award Certification Date" the date on which the Compensation Committee determines the LTI Award. 

        "Board" means the Board of Directors of The Coca-Cola Company. 

        "Code" means the Internal Revenue Code 1986, as amended. 

        "Compensation Committee" means the Compensation Committee of the Board (or a subset thereof) consisting of not less than two members of
the Board, each of whom is an "outside director" under Code Section 162(m). 

        "Company" means The Coca-Cola Company. 

        "Deferred Compensation Plan" means the Deferred Compensation Plan of The Coca-Cola Company. 

        "LTI Award" means an award, with adjustments (if any), paid pursuant to Section V of the Plan. 

        "Majority-Owned Related Company" means a Related Company in which the Company owns, during the relevant time, either (i) 50% or
more of the voting stock or capital where such entity is not publicly held, or (ii) an interest which causes the other entity's financial results to be consolidated with the Company's financial
results for financial reporting purposes. 

        "Management Committee" means a committee comprised of the Chief Executive Officer and the General Counsel. 

        "Participant" means an executive or senior officer or other key executives of the Company or a Majority-Owned Related Company or their key
operations, groups and divisions who is selected for participation by the Compensation Committee and, for purposes Section V, a key employee who is selected for participation by the Management
Committee. 

        "Performance Period" means the time period for which a Participant's performance is measured for purposes of receiving a LTI Award under
this Plan. 

1

 

        "Plan" means this Long-Term Performance Incentive Plan of The Coca-Cola Company. 

        "Plan Year" means the 12-month period beginning January 1 and ending December 31. 

        "Related Company" means any corporation or business organization in which the Company owns, directly or indirectly, during the relevant
time, 20% or more of the voting stock or capital where such entity is not publicly held. 

III. Administration  

        The Plan will be administered by the Compensation Committee. The Compensation Committee will determine which of the Participants to whom, and the time or times at
which, LTI Awards will be granted under the Plan, and the other terms and conditions of the grant of the LTI Award. The provisions and conditions of the grants of LTI Awards need not be the same with
respect to each grantee or with respect to the LTI Award. 

        The
Compensation Committee will, subject to the provisions of the Plan, establish such rules and regulations as it deems necessary or advisable for the proper administration of the Plan,
and will make determinations and will take such other action in connection with or in relation to accomplishing the objectives of the Plan as it deems necessary or advisable. Each determination or
other action made or taken pursuant to the Plan, including interpretation of the Plan and the specific conditions and provisions of the Awards granted hereunder by the Compensation Committee will be
final and conclusive for all purposes and upon all persons including, but without limitation, the Company, the Compensation Committee, the Management Committee, the Board, officers, the affected
employees of the Company, and any Participant or former Participant under the Plan, as well as their respective successors in interest. 

IV. Performance Criteria and Performance Goals  

        a.     Performance Criteria.  Performance will be measured based upon one or more
objective criteria for each Performance Period. Criteria will be measured over the Performance Period. Within 90 days of the beginning of a Performance Period (or, if shorter, before 25% of the
Performance Period has elapsed), the Compensation Committee shall specify in writing which of the following criteria will apply during such Performance Period, as well as any applicable matrices,
schedules, or formulae applicable to weighting of such criteria in determining performance: 

	1.
	Unit
Case Sales;

	2.
	Operating
Profit or Operating Profit Margin;

	3.
	Share
of Sales;

	4.
	Growth
in Economic Profit;

	5.
	Growth
in Earnings Per Share;

	6.
	Shareowner
Value;

	7.
	Earnings
Per Share;

	8.
	Net
Income;

	9.
	Profit
Before Tax;

	10.
	Gross
Profit;

	11.
	Return
on Assets;

	12.
	Total
Shareowner Return; 

2

 

	13.
	Cash
Flow;

	14.
	Revenue
Growth;

	15.
	Operating
Expenses;

	16.
	Economic
Value Added; and

	17.
	Quality
as determined by the Company's Quality Index. 

        b.     Performance Goals.  Using any applicable matrices, schedules, or formulae
applicable to weighting of the performance criteria, the Compensation Committee will develop, in writing, performance goals for each Participant for a Performance Period, within 90 days of the
start of the Performance Period (or, if shorter, before 25% of the Performance Period has elapsed) in which they would apply. With regard to performance goals for Participants who are key employees
determined to be eligible by the Management Committee pursuant to Section V(a), the Management Committee will develop the performance goals for each Participant for a Performance Period. The
Compensation Committee shall have the right to use different performance criteria for different Participants. When the Compensation Committee (or Management Committee, if applicable) sets the
performance goals for a Participant, the Compensation Committee (or Management Committee, if applicable) shall establish the general, objective rules which will be used to determine the extent, if
any, that a Participant's performance goals have been met and the specific, objective rules, if any, regarding any exceptions to the use of such general rules, and any such specific, objective rules
may be designed as the Compensation Committee (or Management Committee, if applicable) deems appropriate to take into account any extraordinary or one-time or other
non-recurring items of income or expense or gain or loss or any events, transactions or other circumstances that the Compensation Committee (or Management Committee, if applicable) deems
relevant in light of the nature of the performance goals set for the Participant or the assumptions made by the Compensation Committee (or Management Committee, if applicable) regarding such goals. 

        In
the event that a Participant is assigned a performance goal following the time at which performance goals are normally established for the Performance Period due to placement in an
executive or senior position, or due to a change in position after the start of the Performance Period, the Performance Period for such Participant shall be the portion of the Plan Year or original
Performance Period remaining, whichever is applicable. In such case, the Compensation Committee will develop in writing performance goals for each such Participant before 25% of the Performance Period
in which they would apply elapses. 

V. Long-Term Incentive Program  

        a.     Eligibility.  Eligibility for participation in the Plan is limited to each
executive officer and such other senior officers of the Company or Related Companies as the Compensation Committee may designate, and select other key employees of the Company or Related Companies as
may be determined to be eligible by the Management Committee. No person will be automatically entitled to participate in the Plan. 

        The
fact that a Participant has been designated eligible to participate in the Plan for one Performance Period does not assure that such individual will be eligible to participate in any
subsequent Performance Period. The fact that an individual participates in the Plan for any Performance Period does not mean that such individual will receive an LTI Award for any Performance Period. 

        b.     Participation.

        1.     Performance
Period. Generally, the Performance Period for any Participant will be three years, but may be shorter or longer at the discretion
of the Compensation Committee. However, 

3

 

the
Management Committee may, in its sole discretion select one or more additional Participants (who are not executive or senior officers of the Company or Related Companies) to participate during an
existing Performance Period after the Performance Period has begun, provided less than 18 months have passed since the beginning of the Performance Period. In such cases, the Performance Period
for the new Participant will be the time period remaining in the existing Performance Period. 

        2.     Annual
Selection of Participants by the Compensation Committee. Generally, the Compensation Committee annually will select the Participants
within 90 days after the beginning of a Performance Period (or, if shorter, before 25% of the Performance Period has elapsed) in accordance with Code Section 162(m). Following such
selection by the Compensation Committee, the Participants will be advised they are participants in the Plan for a Performance Period. Each Performance Period generally will be of three years duration
and will commence on the first day of the applicable Plan Year. A new Performance Period may commence each Plan Year. 

        c.     LTI Awards.

        1.     Certification.
At the end of each applicable Performance Period, the Compensation Committee shall certify the extent, if any, to which the
measures established in accordance with Sections IV have been met and shall determine the LTI Award, if any, payable to Participants. LTI Awards may be granted to Participants as determined in the
sole discretion of the Compensation Committee. The Compensation Committee may not increase the amount of any LTI Award. The Compensation Committee may, in its negative discretion, reduce the amount of
any LTI Award or refuse to pay any LTI Award. 

        2.     Form
of Payments of LTI Awards. Except as otherwise provided in this Plan, LTI Awards for each Participant will be settled in one of the
manners set forth in Section V(c)(2)(i), (2)(ii) or (2)(iii), as determined on a case-by-case basis in the sole discretion of the Compensation Committee and in
three installments as provided in Sections V(c)(3)(i), (3)(ii), and (3)(iii). LTI Awards are subject to forfeiture until settled, as provided below. In no event will the value of any LTI Award to a
Participant for any Performance Period exceed the amount of $10,000,000, excluding interest on any Contingent Award (as defined below). 

            i.  Cash.
The Compensation Committee may, in its sole discretion, pay any LTI Award in cash. LTI Awards paid in cash will be paid pursuant to
Sections V(c)(3)(i), 3(ii), and 3(iii) below, unless the
Compensation Committee specifies a different payment date or unless the Compensation Committee has approved a request by a Participant to defer receipt of any LTI Award in accordance with
Section V(c)(4) below. 

           ii.  Stock
Options. The Compensation Committee may, in its sole discretion, pay any LTI Award through the grant of stock options under
The Coca-Cola Company 2002 Stock Option Plan, as amended, or successor stock option plan approved by shareowners (the "Stock Option Plan"). Any LTI Award issued in the form of stock
options shall be subject to the terms and conditions of the applicable Stock Option Plan. 

          iii.  Stock.
The Compensation Committee may, in its sole discretion, pay any LTI Award by issuing to a Participant stock under The
Coca-Cola Company 1989 Restricted Stock Award Plan, as amended, or any successor restricted stock award plan approved by shareowners (the "Restricted Stock Plan"). Any LTI Award issued in
the form of stock shall be subject to the terms and conditions of the Restricted Stock Plan. 

4

 

        3.     Timing
of Payments of LTI Awards. 

            i.  The
Vested Award. Thirty-three percent of the LTI Award (the "Vested Award") generally will be paid to each Participant within
60 days after the Award Certification Date, unless the Compensation Committee specifies a different payment date. 

           ii.  First
Contingent Award. Thirty-three percent of the LTI Award is referred to herein as the "First Contingent Award." The First Contingent
Award, plus interest at the Applicable Interest Rate thereon from the Award Certification Date, will be paid to each Participant within 60 days after the expiration of the first year following
the end of the final year of the applicable Performance Period, provided that such First Contingent Award has not been forfeited as set forth in the following sentence. The First Contingent Award will
be forfeited to the Company (unless the Compensation Committee in its sole discretion otherwise determines) if, within one year from the end of the Performance Period, the Participant terminates his
or her employment with the Company or a Majority-Owned Related Company (for reasons other than death, retirement or disability, or transfer to a Related Company, as such events may be defined by the
Compensation Committee). 

          iii.  Second
Contingent Award. Thirty-four percent of the LTI Award is referred to herein as the "Second Contingent Award." (The
First and Second Contingent Awards collectively shall be referred to herein as the "Contingent Awards".) The Second Contingent Award, plus interest at the Applicable Interest Rate thereon from the
Award Certification Date, will be paid to each Participant
within 60 days after the expiration of the second year following the end of the final year of the applicable Performance Period, provided that such Second Contingent Award has not been
forfeited as set forth in the following sentence. The Second Contingent Award will be forfeited to the Company (unless the Compensation Committee in its sole discretion otherwise determines) if,
within two years from the end of the Performance Period, the Participant terminates his or her employment with the Company or a Majority-Owned Related Company (for reasons other than death, retirement
or disability, or transfer to a Related Company, as such events may be defined by the Compensation Committee). 

          iv.  Termination
for Specified Reasons After End of Performance Period. If a Participant retires, becomes disabled or dies after the end of the
Performance Period but prior to receiving his entire remaining LTI Award, the Participant or his or her estate shall be entitled to receive the entire remaining LTI Award, with interest accruing only
through and including the date of such event. Generally, such payment to the Participant or his or her estate shall be made within 60 days after the event. 

        If
a Participant transfers to a Related Company after the end of the Performance Period, the Participant shall be entitled to receive the entire remaining LTI Award. Generally, the
payment of the First Contingent Award to such Participant shall be made within 60 days after the expiration of the first year following the end of the final year of the applicable Performance
Period, unless the Compensation Committee specifies a different payment date. Generally, the payment of the Second Contingent Award to such Participant shall be made within 60 days after the
expiration of the second year following the end of the final year of the applicable Performance Period, unless the Compensation Committee specifies a different payment date. If such Participant should
terminate from the Related Company prior to receiving the entire remaining LTI Award, any remaining LTI Award will be payable subject to the sole and absolute discretion of the Compensation Committee. 

        4.     Deferral
of Payment of LTI Award. The Compensation Committee may, in its sole discretion, permit a Participant to defer a Vested Award or any
Contingent Award under the Deferred Compensation Plan (or comparable international plan, if any) pursuant to the terms and 

5

 

conditions
of the Deferred Compensation Plan, provided such deferrals are permitted by the Deferred Compensation Plan. 

        5.     Withholding
for Taxes. The Company will have the right to deduct from all LTI Award payments any taxes required to be withheld with respect
to such payments, including hypothetical taxes under the Company's International Service Program Policy. 

        6.     Payments
to Estates. LTI Awards and interest thereon, if any, which are due to a Participant pursuant to the provisions hereof and which
remain unpaid at the time of his or her death will be paid in full to the Participant's estate. 

        d.     Termination or Transfer of Employment During a Performance Period.

        1.     For
Reasons Other Than Retirement, Disability or Death. If the Participant's employment with the Company or a Majority-Owned Related Company
terminates for any reason (other than retirement, disability, death, or transfer to a Related Company) during any Performance Period, the Compensation Committee may in its sole discretion determine
that the Participant will not be entitled to any LTI Award for that Performance Period; otherwise, the Participant will receive a prorated LTI Award calculated in accordance with
Section V(d)(3). Such payment, if any, will be paid in full in a lump sum within 60 days after the Award Certification Date so that there will be no Contingent Awards owing to the
Participant and no ability to defer payment of such prorated LTI Award. 

        2.     For
Retirement, Disability or Death. If a Participant's employment with the Company or a Majority-Owned Related Company terminates during a
Performance Period because of retirement, disability or death during any Performance Period, and an LTI Award is payable under the Plan for such Performance Period, the Participant (or his or her
estate in the event of death) will be entitled to a prorated LTI Award calculated in accordance with Section V(d)(4). Such payment will be paid in full in a lump sum within 60 days after
the Award Certification Date so that there will be no Contingent Awards owing to the Participant or his or her estate and no ability to defer payment of such prorated LTI Award. 

        3.     For
Transfer to Related Company. If a Participant's employment with the Company or a Majority-Owned Related Company terminates during a
Performance Period because he or she is transferred to a Related Company during any Performance Period, and an LTI Award is payable under the Plan for such Performance Period, the Participant will be
entitled to a prorated LTI Award calculated in accordance with Section V(d)(4). Such payment will be paid in cash pursuant to Sections V(c)(3)(i), (3)(ii), and (3)(iii) without ability
to defer payment of such prorated LTI Award. 

        4.     Calculation
of Prorated LTI Awards for Termination or Transfer During a Performance Period. Any prorated LTI Award to be paid in accordance
with Section V(d)(1), (2) or (3) will be calculated as if the Performance Period ended on the last day of the year in which the Participant's employment terminated. The
Compensation Committee will certify performance based upon the applicable criteria as if the Performance Period has ended. The portion of the LTI Award to be paid to the Participant or his or her
estate would then be determined by multiplying the LTI Award amount times a fraction, the numerator of which will be the number of months of the Performance Period that elapsed prior to the
termination of employment (rounding up to the next whole number) and the denominator of which will be the number of months in the original Performance Period. 

VI. Amendment and Termination  

        The Board or the Compensation Committee may terminate the Plan at any time. From time to time the Compensation Committee may suspend the Plan, in whole or in
part. From time to time, the 

6

 

Board
or the Compensation Committee may amend the Plan, subject to obtaining share-owner approval if required by Code Section 162(m). No amendment, termination or modification of the Plan may
in any manner affect Awards theretofore granted without the consent of the Participant unless the Compensation Committee has made a determination that an amendment or modification is in the best
interest of all persons to whom Awards have theretofore been granted, but in no event may such amendment or modification result in an increase in the amount of compensation payable pursuant to such
Award. 

VII. Applicable Law  

        The Plan and all rules and determinations made and taken pursuant hereto will be governed by the laws of the State of Georgia, to the extent not preempted by
federal law, and construed accordingly. 

VIII. Effect on Benefit Plans  

        Awards may be included in the computation of benefits under the Employee Retirement Plan of The Coca-Cola Company,
The Coca-Cola Export Corporation Overseas Retirement Plan and other retirement plans maintained by the Company and Related Companies under which the Participant may be covered and
The Coca-Cola Company Thrift & Investment Plan subject to all applicable laws and in accordance with the provisions of those plans. 

        Awards
will not be included in the computation of benefits under any group life insurance plan, travel accident insurance plan, personal accident insurance plan or under Company policies
such as severance pay and payment for accrued vacation, unless required by applicable laws. 

IX. Change in Control  

        A "Change in Control," for purposes of this Section IX, will mean a change in control of a nature that would be required to be reported in response to Item
6(e) of Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of 1934 (the "Exchange Act") as in effect on January 1, 2003, provided that such a change in
control will be deemed to have occurred at such time as (i) any "person" (as that term is used in Sections 13(d) and 14(d)(2) of the Exchange Act as in effect on January 1, 2003) is or
becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange Act as in effect on January 1, 2003) directly or indirectly, of securities representing 20% or more
of the combined voting power for election of directors of the then outstanding securities of the Company or any successor of the Company; (ii) during any period of two consecutive years or
less, individuals who at the beginning of such period constituted the Board cease, for any reason, to constitute at least a majority of the Board, unless the election or nomination for election of
each new director was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of the period; (iii) the share owners of
the Company approve any merger or consolidation as a result of which its stock will be changed, converted or exchanged (other than a merger with a wholly-owned subsidiary of the Company) or any
liquidation of the Company or any sale or other disposition of 50% or more of the assets or earning power of the Company; or (iv) the share owners of the Company approve any merger or
consolidation to which the Company is a party as a result of which the persons who were share owners of the Company immediately prior to the effective date of the merger or consolidation will have
beneficial ownership of less than 50% of the combined voting power for election of directors of the surviving corporation following the effective date of such merger or consolidation; provided,
however, that no Change in Control will be deemed to have occurred if, prior to such time as a Change in Control would otherwise be deemed to have occurred, the Board determines otherwise. 

7

 

        If
there is a Change in Control (as defined in this Section IX) while the Plan remains in effect, then: 

        1.     each
Participant's LTI Awards accrued through the date of such Change in Control for each Performance Period then in effect automatically will become nonforfeitable on
such date; 

        2.     the
Compensation Committee immediately after the date of such Change in Control will determine each Participant's LTI Award accrued through the end of the calendar month
which immediately precedes the date of such Change in Control, and such determination will be made based on a formula established by the Compensation Committee which computes such LTI Award using
(1) actual performance data for each full Plan Year in each Performance Period for which such data is available and (2) projected data for each other Plan Year, which projection will be
based on a comparison (for the Plan Year which includes the Change in Control) of the actual performance versus targeted performance for each criteria applicable to the Award for the full calendar
months (in such Plan Year) which immediately precede the Change in Control, multiplied by (3) a fraction, the numerator of which will be the number of full calendar months in each such
Performance Period before the date of the
Change in Control and the denominator of which will be the number of months in the original Performance Period; 

        3.     each
Participant's accrued LTI Award (as determined under Section IX(b)(2)) and his then unpaid Vested Award and Contingent Award(s) under Section V(c)(3)
(computed with interest at the Applicable Interest Rate) will be paid to him in a lump sum in cash promptly after the date of such Change in Control in lieu of any other additional payments under the
Plan for the related Performance Periods; and 

        4.     any
federal golden parachute payment excise tax paid or payable under Code Section 4999, or any successor to such Code Section, by a Participant for his taxable
year for which he reports the payment made under Section IX(b)(3) on his federal income tax return will be deemed attributable to such payment under Section IX(b)(3), and the Company
promptly on written demand from the Participant (or, if he is dead, from his estate) will pay to him (or, if he is dead, to his estate) an amount equal to such excise tax. 

8

QuickLinks

LONG-TERM PERFORMANCE INCENTIVE PLAN OF THE COCA-COLA COMPANY (Amended and Restated through December 13, 2006)

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