Document:

Exhibit 10.1

 

 

COCA-COLA PLAZA

ATLANTA, GEORGIA

 

 

	JAMES R. QUINCEY	ADDRESS REPLY TO:
	PRESIDENT & CHIEF EXECUTIVE OFFICER	P.O. BOX 1734
	THE COCA-COLA COMPANY	ATLANTA, GA 30301

 

October 17, 2018

 

 

 

Kathy Waller

The Coca-Cola Company

Atlanta, Georgia

 

Dear Kathy,

 

We thank you very much for all of your contributions to the Coca-Cola
system. This letter outlines the terms of your separation. All applicable elements of your separation package will be paid under
the terms of the relevant policies and plans of The Coca-Cola Company (the “Company”).

 

	You will step down from your current position as President Enabling Services on December
31, 2018.

 

	You will continue as Executive Vice President and Chief Financial Officer through March
15, 2019 and will separate from the Company on that date (“Separation Date”).

 

	If you sign a release, you will be eligible for a benefit under The Coca-Cola Company Severance
Pay Plan equivalent to two years of base salary, based on your current annual salary. This amount will be paid in a lump sum shortly
after your Separation Date. This amount is subject to all applicable tax and withholdings.

 

	If you remain employed through March 15, 2019, you will receive an annual incentive award
for 2019, prorated for two and one-half months. The actual payment amount is contingent upon actual Company performance and your
performance. Any award will be paid on or about March 15, 2020. Your participation and any award made to you shall be determined
by the Compensation Committee.

	You will be eligible for retiree health and welfare coverage. Enrollment information will
be mailed to you shortly after your Separation Date and will provide information about your coverage options and the costs.

 

	All performance share unit (PSU) awards which you previously have received will be treated
according to the terms of The Coca-Cola Company’s applicable restricted stock plans and programs as well as your related
PSU Agreements. You will be personally liable for paying any taxes owed upon receipt of any award.

 

    	 

     

    

October 17, 2018

Page 2 of 2

 

 

	All options you previously have received will be exercisable according
to the terms of the Company’s applicable stock option plans and programs as well as your related Stock Option Grant Agreements.
When you exercise your vested stock options, you will be personally liable for paying any taxes owed on such exercises.

 

	You will not receive any additional equity grants.

 

	Your retirement benefits will consist of those benefits you have accrued under the standard
terms and conditions of the plans in which you participate and in which benefits are vested as of your Separation Date.

 

	The Company will provide at its expense outplacement services through
a designated services provider.

 

	The terms and conditions in this letter are further conditioned upon
your signing and adhering to a Full and Complete Release and Agreement on Competition, Trade Secrets and Confidentiality within
45 days of the date of this letter.

Please contact Jason Gibbins should you have any additional questions
regarding the terms of this letter or the terms of any of the benefit plans.

 

Sincerely,

 

	/s/ James Quincey	 

 

James Quincey

President and Chief Executive Officer

 

 

Agreed to and accepted this 17 day of October, 2018.

 

 

	/s/ Kathy Waller	 

Kathy Waller

 

 

	cc:  	Jason Gibbins
	 	Executive Compensation
	 	Executive ServicesExhibit 10.2

 

 

COCA-COLA PLAZA

ATLANTA, GEORGIA

 

 

	JAMES R. QUINCEY	ADDRESS REPLY TO:
	PRESIDENT & CHIEF EXECUTIVE OFFICER	P.O. BOX 1734
	THE COCA-COLA COMPANY	ATLANTA, GA 30301

 

 

October 18, 2018

 

 

Brian Smith

The Coca-Cola Company

Atlanta, Georgia

 

Dear Brian,

 

We are delighted to confirm your new position as President and Chief
Operating Officer, Grade 24, with an effective date of January 1, 2019. You will report to me. The information contained in this
letter provides details of your new position.

 

		·	Your principal place of assignment will be Atlanta, Georgia. 

 

		·	Your annual base salary for your new position
will be USD 850,000.

 

		·	You will continue to be eligible to participate in the annual Performance
Incentive Plan. Your target annual incentive is 175% of annual base salary. The actual amount of an incentive award may vary and
is based on individual performance and the financial performance of the Company. Awards are made at the discretion of the Compensation
Committee of the Board of Directors. The plan may be modified from time to time. 

 

		·	You will continue to be eligible to participate in The Coca-Cola Company’s
Long-Term Incentive program. Awards are made at the discretion of the Compensation Committee of the Board of Directors based upon
recommendations by Senior Management. You will be eligible to receive long-term incentive awards within guidelines for the job
grade assigned to your position and based upon your personal performance, Company performance, and leadership potential to add
value to the Company in the future. As a discretionary program, the award timing, frequency, size and mix of award vehicles are
variable. 

 

		·	You are expected to continue to maintain share ownership pursuant to
the Company’s share ownership guidelines at a level equal to five times your base salary. Because this represents an increase
from your prior target level, you will have an additional two years, or until December 31, 2020, to meet your requirement. You
will be asked to provide information in December each year on your progress toward your ownership goal, and that information will
be reviewed with the Compensation Committee of the Board of Directors the following February. 

 

    	 

     

    

October 18, 2018

Page 2 of 2

 

 

		·	You will be able to utilize the Company owned aircraft for business
use.  You, and your immediate family traveling with you, may also utilize the Company owned aircraft for reasonable personal
use. Any such personal use must be pre-approved by the Chief Executive Officer.  Any personal use of the aircraft by you and
your immediate family members will result in imputed taxable income. There will be no tax gross-ups for you or your immediate family
regarding personal aircraft use.

 

		·	You will continue to be eligible for the Company’s Financial
Planning Reimbursement Program which provides reimbursement of certain financial planning services, up to USD 10,000, subject to taxes and withholding.

 

		·	You will continue to be eligible for the Emory Executive Health benefit
which includes a comprehensive physical exam and one-on-one medical and lifestyle management consultation. 

 

		·	If you have not done so already, you are required to enter into the
Agreement on Confidentiality, Non-Competition, and Non-Solicitation, as well as the Agreement Covering Inventions, Discoveries,
Copyrightable Material, Trade Secrets, and Confidential Information, effective immediately.

 

		·	This letter is provided as information and does not constitute an employment
contract.

 

Brian, I feel certain that you will continue to find challenge, satisfaction
and opportunity in this role and as we continue our journey during this important time.

 

 

Sincerely, 

  

	/s/ James Quincey	 

  

James Quincey

  

	c:  	Jason Gibbins
	 	Executive Compensation
	 	Executive Services

 

 

I, Brian Smith, accept this offer:

 

 

	Signature:  	/s/ Brian Smith	 

 

 

	Date:  	October 18, 2018Exhibit 10.3

 

 

COCA-COLA PLAZA

ATLANTA, GEORGIA

 

 

	JAMES R. QUINCEY	ADDRESS REPLY TO:
	PRESIDENT & CHIEF EXECUTIVE OFFICER	P.O. BOX 1734
	THE COCA-COLA COMPANY	ATLANTA, GA 30301

 

 

October 18, 2018

 

John Murphy

Singapore

 

Dear John,

 

We are delighted to confirm your new position as Senior Vice President
and Deputy Chief Financial Officer, The Coca-Cola Company, Grade 22F, with an effective date of January 1, 2019. Effective March
16, 2019, you will assume the role as Executive Vice President and Chief Financial Officer. You will report to me. The information
contained in this letter provides details of your new positions.

 

		·	Your principal place of assignment will be Atlanta, Georgia. You will
be employed by The Coca-Cola Company upon receipt of required work permits. 

 

		·	Your annual base salary for your new position
will be $800,000.

 

		·	You will continue to be eligible to participate in the annual Performance
Incentive Plan. Your target annual incentive is 125% of annual base salary. The actual amount of an incentive award may vary and
is based on individual performance and the financial performance of the Company. Awards are made at the discretion of the Compensation
Committee of the Board of Directors. The plan may be modified from time to time. 

 

		·	You will continue to be eligible to participate in The Coca-Cola Company’s
Long-Term Incentive program. Awards are made at the discretion of the Compensation Committee of the Board of Directors based upon
recommendations by Senior Management. You will be eligible to receive long-term incentive awards within guidelines for the job
grade assigned to your position and based upon your personal performance, Company performance, and leadership potential to add
value to the Company in the future. As a discretionary program, the award timing, frequency, size and mix of award vehicles are
variable. 

 

		·	You will be expected to acquire and maintain share ownership at a level
equal to four times your base salary. You will be asked to provide information in December each year on your progress toward your
ownership goal, and that information will be reviewed with the Compensation Committee of the Board of Directors the following February.

 

    	 

     

    

October 18, 2018

Page 2 of 2

 

 

		·	You will be eligible for the Company’s Financial Planning and
Counseling program which provides reimbursement of certain financial planning and counseling services, up to $10,000 annually,
subject to taxes and withholding. 

 

		·	You will be eligible for the Emory Executive Health benefit which includes
a comprehensive physical exam and one-on-one medical and lifestyle management consultation. 

 

		·	You are required to enter into the Agreement
on Confidentiality, Non-Competition, and Non-Solicitation, effective immediately.

 

		·	To support your transition to Atlanta, for the first two years of your
assignment, you will participate in the Global Mobility Policy and be provided the standard benefits of that program. The duration
and type of assignment are contingent upon the business needs of the Company provided suitable performance standards are maintained.
The Code of Business Conduct, Confidentiality Agreements, or any other document related to knowledge you acquire of Company business
or conducting business remain in effect during international assignment. Effective January 1, 2021, you will be considered a local
employee in the United States, you will no longer receive any benefits under the Global Mobility Policy, and any applicable localization
benefits under that policy will not apply. Tax preparation services provided through the Company’s standard vendor will be
provided for an additional period of two years, with additional years provided only if such services would be provided under the
standard international service program.

 

		·	This letter is provided as information and does not constitute an employment
contract.

 

John, I feel certain that you will continue to find challenge, satisfaction
and opportunity in this role and as we continue our journey during this important time.

 

 

Sincerely, 

 

	/s/ James Quincey	 

 

James Quincey

 

	c:  	Jason Gibbins
	 	Executive Compensation
	 	Executive Services

 

 

I, John Murphy, accept this offer:

 

 

	Signature:  	/s/ John Murphy	 

 

 

	Date:  	October 18, 2018

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