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Exhibit 10.2    
    

         THE COCA-COLA COMPANY  

 DEFERRED COMPENSATION PLAN  

As Amended and Restated Effective January 1, 2008  

 

  

 THE COCA-COLA COMPANY  

DEFERRED COMPENSATION PLAN  

As
Amended and Restated as of January 1, 2008 

        The
Coca-Cola Company Deferred Compensation Plan (the "Plan") is intended to provide a select group of management or highly-compensated employees the ability to defer base
salary and annual incentive compensation. This restated Plan document applies to all deferrals on or after January 1, 2005 that are subject to the provisions of Section 409A of the
Internal Revenue Code. All other deferrals prior to January 1, 2005 are subject to the Plan rules in effect at the time the compensation was deferred. 

ARTICLE I

DEFINITIONS  

        Capitalized terms used in this Plan, shall have the meanings specified below. 

        "Account"
or "Accounts" shall mean all of such Subaccounts that are specifically provided in this Plan. 

        "Annual
Incentive" shall mean the annual bonus earned for a year pursuant to any annual incentive plan or program adopted by the Compensation Committee. Annual Incentive shall not
include any spot
bonuses, hiring bonuses, separation payments, retention payments, or other special or extraordinary payments. 

        "Base
Salary" shall mean a Participant's annual base salary, and shall not include bonuses, commissions, incentives, severance and all other remuneration for services rendered to the
Company. Base Salary shall be calculated prior to reduction for any salary contributions to a plan established pursuant to Section 125 of the Code or qualified pursuant to Section 401(k)
of the Code. 

        "Beneficiary"
or "Beneficiaries" shall mean the person or persons designated in writing by a Participant in accordance with procedures established by the Committee or the third-party
recordkeeper to receive the benefits specified hereunder in the event of the Participant's death. No beneficiary designation shall become effective until it is filed with the Committee or the
third-party recordkeeper. No designation of a Beneficiary other than the Participant's spouse shall be valid unless consented to in writing by such spouse. If there is no such designation or if there
is no surviving designated Beneficiary, then the Participant's surviving spouse shall be the Beneficiary. If there is no surviving spouse to receive any benefits payable in accordance with the
preceding sentence, the duly appointed and currently acting personal representative of the Participant's estate (which shall include either the Participant's probate estate or living trust) shall be
the Beneficiary. 

        "Board
of Directors" or "Board" shall mean the Board of Directors of The Coca-Cola Company. 

        "Change
of 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 under
the Exchange Act as in effect on January 1, 2002, 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 as in effect on January 1,
2002) 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 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 share owners of the Company 

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approve
any merger or consolidation as a result of which the 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, and such merger, consolidation, liquidation or sale is completed; 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 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, and such merger, consolidation, liquidation or sale is completed; provided, however, that no Change in Control shall be deemed to have occurred if, prior to such times as a
Change in Control would otherwise be deemed to have occurred, the Board of Directors determines otherwise. Additionally, no Change in Control will be deemed to have occurred under clause (i)
if, subsequent to such time as a Change of Control would otherwise be deemed to have occurred, a majority of the Directors in office prior to the acquisition of the securities by such person
determines otherwise. 

        "Code"
shall mean the Internal Revenue Code of 1986, as amended. 

        "Committee"
shall mean the Committee appointed by the Compensation Committee to administer the Plan in accordance with Article VII. 

        "Company"
shall mean The Coca-Cola Company, a Delaware corporation. 

        "Company
Discretionary Contribution" shall mean such discretionary amount, if any, contributed by the Company for a Participant. Such amount may differ from Participant to Participant.
Company Discretionary Contributions must require the Participant to continue to provide services for at least 12 months for such Company Discretionary Contribution to vest. 

        "Company
Discretionary Contribution Subaccount" shall mean the bookkeeping account maintained by the Company for each Participant that is credited with an amount equal to (i) the
Company Discretionary Contribution Amount, if any, paid by the Company and (ii) earnings and losses pursuant to Section 4.2. 

        "Compensation"
shall mean Base Salary and Annual Incentive. 

        "Compensation
Committee" shall mean the Compensation Committee of the Board of Directors of the Company or any subcommittee thereof. 

        "Compensation
Deferral Subaccount" shall mean the bookkeeping account maintained by the third-party recordkeeper for each Participant that is credited with amounts equal to
(i) the portion of the Participant's Compensation that he or she elects to defer, and (ii) earnings and losses attributable thereto pursuant to Section 4.1. 

        "Disability"
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 that hereafter may
be maintained by the Company or any Related Company, provided that the Participant is unable to engage in any substantial gainful activity by reason of any medially determinable physical or mental
impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve months. 

        "Distributable
Amount" shall mean the vested balance in a Participant's Accounts subject to distribution in a given Plan Year. 

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        "Effective
Date" of this amended and restated Plan shall be January 1, 2008. However, all deferrals on or after January 1, 2005 that are subject to Section 409A of
the Code, including the 2004 Annual Incentive paid in March 2005, shall be subject to the terms of this Plan. 

        "Eligible
Employee" shall mean a select group of management and/or highly compensated employees of the Company or a Participating Subsidiary specifically selected by the Committee in
accordance with the procedures set forth in Article II. 

        "Enrollment
Period" shall mean a period of time in the calendar year prior to the year for which deferrals will be made when Eligible Employees are permitted to enroll in the Plan and
defer Compensation for the upcoming year. 

        "ERISA"
shall mean the Employee Retirement Income Security Act of 1974, as amended. 

        "Exchange
Act" shall mean the Securities Exchange Act of 1934, as amended. 

        "Fund"
or "Funds" shall mean, one or more of the investment funds selected by the Committee, or its designee, to which Participants may elect to make deemed investments pursuant to
Section 3.3. 

        "Investment
Rate" shall mean, for each Fund, an amount equal to the net gain or loss on the assets of such Fund during each month. 

        "Participant"
shall mean any Eligible Employee who becomes a Participant in this Plan in accordance with Article II. 

        "Participating
Subsidiary" means a subsidiary of the Company which the Committee has designated as such and whose employees are eligible to participate in the Plan; provided that such
employee is an Eligible Employee. 

        "Plan"
shall mean The Coca-Cola Company Deferred Compensation Plan. 

        "Plan
Year" shall mean January 1 to December 31 of each year. 

        "Scheduled
Distribution Date" shall mean the last business day of February of the year elected by the Participant for a withdrawal of amounts deferred in a given Plan Year, and earnings
and losses attributable thereto, as elected by the Participant for such Plan Year and subject to the requirements of Section 6.1(a). 

        "Separation
from Service" shall mean that employment with an Employer terminates such that it is reasonably anticipated that no further services will be performed. Separation from
Service shall be interpreted in a manner consistent with Section 409A of the Code and the regulations thereunder. 

        "Specified
Employee" shall mean a key employee of an Employer who meets the requirements of Section 416(i)(1)(A)(i), (ii) or (iii) of the Code, as defined in
Section 409A of the Code and the regulations thereunder. 

        "Unforeseeable
Emergency" shall mean a severe unforeseeable financial hardship as defined in Section 409A and the regulations thereunder, including a severe financial hardship
resulting from i) an illness or accident of the Participant, the Participant's spouse, the Participant's designated Beneficiary, or the Participant's dependent (as defined in Section 152
of the Code, without regard to section 152(b)(1), (b)(2), and (d)(1)(B)), ii) the loss of the Participant's property due to casualty, or iii) other similar extraordinary and
unforeseeable circumstances arising as a result of events beyond the Participant's control. 

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ARTICLE II

ELIGIBILITY FOR PARTICIPATION  

2.1   Determination of Eligible Employee. 

        The
Committee shall, from time to time, determine which employees are Eligible Employees under the Plan. Eligible Employees shall be notified prior to or during the Enrollment Period
that they are eligible. 

2.2   Participation. 

        An
Eligible Employee shall become a Participant in the Plan by electing to make deferrals of Compensation in accordance with Article III. An Eligible Employee also becomes a
Participant if credited with a Company Discretionary Contribution. 

2.3   Amendment of Eligibility Criteria. 

        The
Committee may, in its discretion, change the criteria for eligibility 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 no change in the criteria for eligibility of any officer of the Company shall be affected unless such changes are
(i) within parameters established by the Compensation Committee or (ii) approved by the Compensation Committee. Eligibility for participation in one year does not guarantee eligibility
to participate in any future year. 

ARTICLE III

ELECTIONS  

3.1   Election to Defer Compensation. 

        (a)    Timing of Election to Defer Compensation.    An Eligible Employee may elect to defer eligible Compensation only
during the Enrollment Period. Such election must be made no later than December 31 prior to the year for which the Compensation would be earned. For Base Salary to be paid for services
performed in a year, an election to defer such Base Salary must be made no later than December 31 of the prior year. For Annual Incentives paid for services performed in a year, an election to
defer such Annual Incentive must be made no later than December 31 of the prior year. To illustrate this provision, for Base Salary to be paid for services in 2008, an election to defer must be
made by December 31, 2007. For Annual Incentives earned for the 2008 calendar year, to be paid in March 2009, an election to defer must be made by December 31, 2007. 

        (b)    Amount of Compensation Eligible for Deferral.    An Eligible Employee may elect to
defer up to 80% of his Base Salary and up to 100% of his Annual Incentive. The total amount deferred by a Participant shall be reduced in 1% increments, if necessary, to satisfy Social Security Tax
(including Medicare), income tax withholding for compensation that cannot be deferred and employee benefit plan withholding requirements. If an Eligible Employee elects to defer Base Salary, the
minimum amount of Base Salary that may be deferred for any Plan Year is $5,000. If an Eligible Employee elects to defer Annual Incentive, the minimum percentage that may be deferred is 10% of such
Annual Incentive. 

        (c)    Irrevocable Elections.    All elections become irrevocable as of
December 31 of the year prior to the Plan Year for which Compensation is deferred. 

        (d)    Duration of Election.    An Eligible Employee's election to defer Compensation for
any Plan Year is effective only for such Plan Year. In order to defer Compensation for a subsequent Plan Year, an Eligible Employee must file a new deferral election during the Enrollment
Period with respect to 

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Base
Salary and Annual Incentive for any subsequent Plan Year by filing a new election during the Enrollment Period prior to the beginning of the next Plan Year. 

        (e)    Method of Election.    Such elections may be made in writing or through a
third-party recordkeeper, provided that there is sufficient record of when such election is made. 

3.2   Elections as to Time and Form of Payment. 

        (a)    Timing of Election.    Within the same time frame provided in Section 3.1(a), an Eligible Employee who
elects to defer Compensation must make an election during the Enrollment Period regarding the time and form of payment of the Compensation and earnings and losses attributed thereto for the
Compensation deferred for that Plan Year. If no such election is made, all Compensation and earnings and losses attributable thereto deferred for such Plan Year will be paid in a lump sum after
Separation from Service, pursuant to the Separation from Service provision in Section 6.2 below. 

        For
Participants receiving a Company Discretionary Contribution, the Participant must make an election regarding the time and form of payment of the Company Discretionary Contribution
within 30 days of obtaining the legally-binding right to the Company Discretionary Contribution, whether or not such Company Discretionary Contribution is vested. If no such election is timely
made, the Company Discretionary Contribution will be paid in a lump sum after Separation from Service, pursuant to the Separation from Service provision in Section 6.2 below. 

        (b)   The
available options as to time and form of payment are described in Article VI of this Plan. 

        (c)   Elections
as to time and form of payment become irrevocable as of December 31 of year prior to the year for which Compensation is deferred; however, subsequent
changes may be made in compliance with Section 409A of the Code, as described in Section 3.2(e) below. 

        (d)   The
election of time and form of payment relates to and is effective only for the Compensation deferred for such Plan Year. Such election must be made for each Plan Year
for which Compensation is deferred. 

        (e)   Subsequent
Changes in Time and Form of Payment.    A Participant may delay the timing of a previously-scheduled payment or may
change the form of a payment only if such subsequent deferral election meets all of the following requirements: 

          (i)  the
subsequent deferral election shall not take effect until at least 12 months after the date on which it is made; 

         (ii)  the
election must be made at least 12 months prior to the date the payment is scheduled to be made. For installment payments, the election must be made at least
12 months prior to the date the first payment in such installment was scheduled to be made; and 

        (iii)  the
subsequent deferral election must delay the payment for at least five years from the date the payment would otherwise have been made. For installment payments, the
delay is measured from the date the first payment was scheduled to be made. This provision applies to elections to change the timing and/or the form of payment. 

A
Participant may make multiple subsequent changes, as long as each change meets all of the requirements above. Prior to January 1, 2009, a Participant may make other changes in time or form of
payment only if allowed and in compliance with the regulations and transition guidance under Section 409A of the Code. 

        (f)    Initial
elections and subsequent elections, if any, may be made in writing or through a third-party recordkeeper, provided that there is sufficient record of when such
election is made. 

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3.3   Elections as to Deemed Investment Choices. 

        (a)   Within
the same time frame provided in Section 3.1(a), an Eligible Employee who elects to defer Compensation shall make an election regarding how the Compensation
deferred shall be deemed to be invested for purposes of determining the amount of earnings or losses to be credited to the Participants' Accounts. If no such election is made, the Compensation
deferred shall be deemed invested in the most risk-free type of investment fund. 

        (b)   The
Committee, or its designee, shall select from time to time, in its sole and absolute discretion, investments of various types that shall be communicated to the
Participant. The Investment Rate of each such investment fund shall be used to determine the amount of earnings or losses to be credited to Participant's Compensation Deferral Subaccount and Company
Discretionary Contribution Subaccount. Although the Participant may designate the specific fund within each type of investment, the Committee shall not be bound by such designation and may change or
replace funds in its discretion. Deemed investment choices may be changed as frequently as daily, or any other frequency established by the Committee. 

ARTICLE IV

DEFERRAL ACCOUNTS  

4.1   Compensation Deferral Subaccount. 

        The
Plan administrator or third-party recordkeeper shall establish and maintain a Compensation Deferral Subaccount for each Participant under the Plan. Each Participant's Compensation
Deferral Subaccount shall be further divided into separate subaccounts ("investment fund subaccounts"), each of which corresponds to an investment fund elected by the Participant pursuant to
Section 3.3(a). A Participant's Compensation Deferral Subaccount shall be credited as follows: 

        (a)   On
the day the amounts are withheld and/or deferred from a Participant's Compensation, the Plan administrator or third-party recordkeeper shall credit the investment
fund subaccounts of the Participant's Compensation Deferral Subaccount with an amount equal to Compensation deferred by the Participant in accordance with the Participant's election under
Section 3.3(a). 

        (b)   Each
business day, each investment fund subaccount of a Participant's Compensation Deferral Subaccount shall be credited with earnings or losses in an amount equal to
that determined by multiplying the balance credited to such investment fund subaccount as of the prior day plus contributions credited that day to the investment fund subaccount by the Investment Rate
for the corresponding Fund selected pursuant to Section 3.3(a). 

4.2   Company Discretionary Contribution Subaccount. 

        The
Plan administrator or third-party recordkeeper shall establish and maintain a Company Discretionary Contribution Subaccount for each Participant who receives a Company Discretionary
Contribution under the Plan. A Participant's Company Discretionary Contribution Subaccount shall be further divided into separate investment fund subaccounts, each of which corresponds to an
investment fund elected by the Participant pursuant to Section 3.3(a). A Participant's Company Discretionary Contribution Subaccount shall be credited as follows: 

        (a)   The
Plan administrator or third-party recordkeeper shall credit the investment fund subaccounts of the Participant's Company Discretionary Contribution Subaccount with
an amount equal to the Company Discretionary Contribution Amount, if any, applicable to that Participant as of the day such amount is deemed contributed. 

        (b)   Each
business day, each investment fund subaccount of a Participant's Company Discretionary Contribution Account shall be credited with earnings or losses in an amount
equal to that determined by multiplying the balance credited to such investment fund subaccount as of the prior day plus contributions credited that day to the investment fund subaccount by the
Investment Rate for the corresponding Fund, selected pursuant to Section 3.3(a). 

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  ARTICLE V

VESTING  

        5.1    Vesting.    

        A
Participant shall be 100% vested in his or her Compensation Deferral Subaccount. A Participant shall be vested in his or her Company Discretionary Contribution Account in accordance
with any schedule that the Company or the Compensation Committee, where applicable, establishes with respect to his or her Company Discretionary Contribution, provided that the vesting period for
Company Discretionary Contributions shall be at least 12 months. 

        5.2    Vesting Upon Death, Disability or Change of Control.    

        Upon
death or the Disability of a Participant, or in the event of a Change of Control, the Participant shall be 100% vested in his or her Company Discretionary Contribution Subaccount,
unless otherwise provided by the Company or Compensation Committee, where applicable, at the time the Company Discretionary Contribution Amount is made. 

ARTICLE VI

DISTRIBUTIONS  

        Distributions from the Plan shall be made only in accordance with this Article VI. All distributions shall be in cash. 

6.1   Distribution of Accounts While Employed. 

        (a)    Scheduled Distributions.    

        A
Participant may elect, at the time the Compensation is deferred in accordance with Section 3.2, to receive his Compensation deferred for a Plan Year, and all earnings and losses
attributed thereto, while employed. A Participant's Scheduled Distribution Date in a given Plan Year may be no earlier than three years from the last day of the Plan Year for which the deferrals of
Compensation are made or Company Discretionary Contribution Amounts are credited, or such later time as may be required by applicable Treasury Regulations or Internal Revenue Service guidance. The
Participant's Scheduled Distribution Date shall be the last business day in February of the year the Participant elects. The value of the Participant's Distributable Amount shall be determined as of
the last business day of Plan Year prior to the Scheduled Distribution Date. A Participant may change the Scheduled Distribution Date only in accordance with the provisions of Section 3.2(e). 

        In
the event a Participant has a Separation from Service with the Company prior to a Scheduled Distribution Date, the provisions of Section 6.2 below shall govern the
distribution, rather than this Section 6.1(a). 

        (b)   Except
as provided in Section 6.3 for an Unforeseeable Emergency, no unscheduled in-service distributions are permitted. 

6.2   Distribution of Accounts after Separation from Service. 

        If
a Participant has a Separation from Service, the provisions of this Section shall apply to the distribution of the Participant's Accounts. Section (a) shall apply to all
Separations from Service for any reason, except death. 

        (a)   Separation
from Service. 

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        (1)    Age 50 with Five Years of Service, or Age 55.    

        At
the time of the Participant's Separation from Service, if the Participant has either i) attained age 50 and has completed five years of service (as determined by reference to
"Years of Vesting Service" under the Employee Retirement Plan of The Coca-Cola Company) or ii) attained age 55, then the Participant's Account shall be distributed in accordance
with the elections the Participant made as described in Section 3.2. A Participant may elect a lump sum payment or installment payments. If no proper election is made as to time or form of
payment for any amounts, such amounts shall be paid in a lump sum. 

        A.    Lump Sum.    For Distributable Amounts for which the Participant has elected a lump
sum (or if no proper election is made), the Distributable Amounts shall be paid to the Participant on the last business day of February following the year in which the Participant has a Separation
from Service. For Plan Years prior to 2008, a Participant, at the time the amounts were deferred in accordance with Section 3.2, could have elected the lump sum to be paid a specified number of
years following Separation from Service. For such elections, the Distributable Amount shall be paid to the Participant on the last business day of February in the year elected. The Distributable
Amounts shall be valued as of the last business day of the Plan Year prior to the date of distribution. 

        If
a Participant has made an irrevocable election to defer his Annual Incentive, such Annual Incentive is deferred after the Participant's Account has been distributed, and the
Participant had elected to receive a lump sum, the additional Account balance shall be distributed on the last business day of April following the date the Annual Incentive is deferred. The additional
Account balance shall be valued as of the last business day of March of the year in which the Annual Incentive is deferred. 

        Notwithstanding
any other provision herein, for a Participant who is a Specified Employee at the time of his Separation from Service, the Distributable Amount shall be paid the later of
i) the last business day of February following the year in which the Participant has a Separation from Service, or ii) the last business day of the sixth month following the month in
which the Participant has a Separation from Service. In either case, the Specified Employee's Distributable Amounts shall be valued as of the last day of the Plan Year in which he has a Separation
from Service. 

        B.    Installment Payments.    A Participant who has met the requirements of this
Section 6.2(a)(1) may elect to receive the amounts deferred for a Plan Year in installment payments. The Participant may elect 5, 10 or 15 installments. For Distributable Amounts for which the
Participant has elected installments, the first installment shall be paid to the Participant on the last business day of February following the year in which the Participant has a Separation from
Service. Each subsequent installment shall be paid on the last business day of February each year. For Plan Years prior to 2008, a Participant, at the time the amounts were deferred in accordance with
Section 3.2, could have elected installment payments to begin a specified number of years following Separation from Service. For such elections, the installment payments shall be paid to the
Participant on the last business day of February in the year elected. For each installment, the Distributable Amounts shall be valued as of the last business day of the Plan Year prior to the date of
distribution. 

        If
a Participant has made an irrevocable election to defer his Annual Incentive, such Annual Incentive is deferred after the Participant's Account has started to be distributed, and the
Participant had elected to receive installment payments, the additional deferral shall be added to the Participant's balance in his Deferral Compensation Subaccount and shall be distributed in
accordance with the installment election. 

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        Notwithstanding
any other provision herein, for a Participant who is a Specified Employee at the time of his Separation from Service, the first installment of the Distributable Amount
shall be paid the later of i) the last business day of February following the year in which the Participant has a Separation from Service, or ii) the last business day of the sixth month
following the month in which the Participant has a Separation from Service. In either case, the Specified Employee's Distributable Amounts shall be valued as of the last day of the Plan Year in which
he has a Separation from Service. 

        (2)    All other Separations from Service.    

        If,
at the time of the Participant's Separation from Service, a Participant has not either i) attained age 50 and has completed five years of service (as determined by reference
to "Years of Vesting Service" under the Employee Retirement Plan of The Coca-Cola Company) or ii) attained age 55, then the Participant's entire Account balance shall be distributed
in a single lump sum. The Account balance shall be paid on the last business day of February in the year following the year in which the Participant has a Separation from Service. The Account balance
shall be valued as of the last day of the Plan Year in which the Participant has a Separation from Service. 

        Notwithstanding
any other provision herein, for a Participant who is a Specified Employee at the time of his Separation from Service, the Distributable Amount shall be paid the later of
i) the last business day of February following the year in which the Participant has a Separation from Service, or ii) the last business day of the sixth month following the month in
which the Participant has a Separation from Service. In either case, the Specified Employee's Distributable Amount shall be valued as of the last day of the Plan Year in which he has a Separation from
Service. 

	(b)
	Death

        In
the case of the death of a Participant, either while employed by the Company or prior to distribution of the Participant's entire Account balance, the Participant's Account balance
shall be
distributed to the Participant's Beneficiary, in a lump sum on the last business day of the month following the quarter in which the Participant's death occurs. The value of the Participant's Account
shall be determined as of the last business day of the quarter in which the Participant's death occurs. 

6.3   Unforeseeable Emergency 

        A
Participant shall be permitted to elect a distribution from his Deferral Compensation Subaccount and/or his vested Company Discretionary Contribution Subaccount prior to the date the
Accounts were to be distributed, subject to the following restrictions: 

        (a)   the
election to take a distribution due to an Unforeseeable Emergency shall be made by requesting such a distribution in writing to the Committee, including the amount
requested and a description of the need for the distribution; 

        (b)   the
Committee shall make a determination, in its sole discretion, that the requested distribution is on account of an Unforseeable Emergency; and 

        (c)   the
Unforseeable Emergency cannot be relieved (i) through reimbursement or compensation by insurance or otherwise, (ii) by liquidation of the Participant's
assets, to the extent the liquidation of assets would not itself cause severe financial hardship, or (iii) by cessation of deferrals under this Plan. 

The
amount determined by the Committee as distributable due to an Unforeseeable Emergency shall be paid within 30 days after the request for the distribution is approved by the Committee. 

9

 
ARTICLE VII

ADMINISTRATION  

7.1   Committee. 

        A
Committee shall be appointed by, and serve at the pleasure of, the Compensation Committee. The number of members comprising the Committee shall be determined by the Compensation
Committee, which may from time to time vary the number of members. A member of the Committee may resign by delivering a written notice of resignation to the Compensation Committee. The Compensation
Committee may remove any member by delivering a copy of its resolution of removal to such member. 

7.2   Committee Action. 

        The
Committee shall act at meetings by affirmative vote of a majority of the members of the Committee. Any action permitted to be taken at a meeting may be taken without a meeting if,
prior to such action, a written consent to the action is signed by a majority of members of the Committee and such written consent is filed with the minutes of the proceedings of the Committee. A
member of the Committee shall not vote or act upon any matter which relates solely to himself or herself as a Participant. Any member of the Committee may execute any certificate or other written
direction on behalf of the Committee. 

7.3   Powers of the Committee. 

        The
Committee, on behalf of the Participants and their Beneficiaries, shall enforce the Plan in accordance with its terms, shall be charged with the general administration of the Plan,
and shall have all powers necessary to accomplish its purposes, including, but not limited to, the following: 

          (i)  To
select the Funds in accordance with Section 3.3(b) hereof; 

         (ii)  To
construe and interpret the terms and provisions of this Plan; 

        (iii)  To
compute and certify to the amount and kind of benefits payable to Participants and their Beneficiaries; 

        (iv)  To
maintain all records that may be necessary for the administration of the Plan; 

         (v)  To
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; 

        (vi)  To
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; 

       (vii)  To
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 Committee may from time to time prescribe; and 

      (viii)  To
take all actions necessary for the administration of the Plan. 

7.4   Construction and Interpretation. 

        The
Committee shall have full discretion to construe and interpret the terms and provisions of this Plan, which interpretations or construction shall be final and binding on all parties,
including but not limited to the Company and any Participant or Beneficiary. The Committee shall administer such terms and provisions in a uniform and nondiscriminatory manner and in full accordance
with any and all laws applicable to the Plan, including but not limited to Section 409A of the Code. 

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7.5   Compensation, Expenses and Indemnity. 

        (a)   The
members of the Committee shall serve without compensation for their services hereunder. 

        (b)   The
Committee is authorized at the expense of the Company to employ such legal counsel as it may deem advisable to assist in the performance of its duties hereunder.
Expenses and fees in connection with the administration of the Plan shall be paid by the Company. 

        (c)   To
the extent permitted by applicable state law, the Company shall indemnify and hold harmless the Committee and each member thereof, the Board of Directors and any
delegate of the Committee who is an employee of the Company against any and all expenses, liabilities and claims, including legal fees to defend against such liabilities and claims arising out of
their discharge in good faith of responsibilities under or incident to the Plan, other than expenses and liabilities arising out of willful misconduct. This indemnity shall not preclude such further
indemnities as may be available under insurance purchased by the Company or provided by the Company under any bylaw, agreement or otherwise, as such indemnities are permitted under state law. 

7.6   Disputes. 

        (a)    Claim.    

        A
person who believes that he or she is being denied a benefit to which he or she is entitled under this Plan (hereinafter referred to as "Claimant"), or his or her duly authorized
representative, must file a written request for such benefit with the Committee, setting forth his or her claim within one year of the date such Claimant believes he or she was entitled to
benefits under the Plan (as described in Section 7.6(e)). The request must be addressed to the Director, Executive Compensation of the Company at its then principal place of business. 

        (b)    Claim Decision.    

        Upon
receipt of a claim, the Committee (or its designee) shall deliver such reply within 90 days of receipt of the claim. The Committee may, however, extend the reply period
before the end of such 90 days by notifying the Claimant in writing of the special circumstances requiring the extension and the date by which it expects to render its decision. Such extension
will not exceed 90 days from the end of the initial period. 

        If
the claim is denied in whole or in part, the Committee (or its designee) shall inform the Claimant in writing, setting forth: (i) the specific reason or reasons for such
denial; (ii) the specific reference to pertinent provisions of this Plan on which such denial is based; (iii) a description of any additional material or information necessary for the
Claimant to perfect his or her claim and an explanation of why such material or such information is necessary; (iv) appropriate information as to the steps to be taken if the Claimant wishes to
submit the claim for review; and (v) the time limits for requesting a review under subsection (c). 

        (c)    Request For Review.    

        Within
60 days after the receipt by the Claimant of the written opinion described above, the Claimant may request in writing that the Committee review the determination of the
Company. Such request must be addressed to the Director, Executive Compensation of the Company, at its then principal place of business. The Claimant or his or her duly authorized representative may
request, free of charge, reasonable access to and copies of all documents, records and other information relevant to the claim for benefits and submit issues and comments in writing for consideration
by the Committee. If the Claimant does not request a review within such 60 day period, he or she shall be barred and estopped from challenging the Company's determination. 

11

 

        (d)    Review of Decision.    

        Within
60 days after the Committee's receipt of a request for review, after considering all materials presented by the Claimant, the Committee will inform the Claimant in writing,
the decision setting forth the specific reasons for the decision, written in a manner calculated to be understood by the Claimant, containing specific references to the pertinent provisions of this
Plan on which the decision is based. If special circumstances require that the 60 day time period be extended, the Committee will so notify the Claimant in writing before the end of such period
and indicate the date on which it expects to render its decision, which shall be no later than 120 days after receipt of the request for review. 

        (e)    Limitation on Actions.    

        A
Claimant must submit a written claim and exhaust this claim procedure before legal recourse of any type is sought. Any claim must be brought within one year after (a) in the
case of any lump-sum payment, the date on which the payment was made; (b) in the case of an annuity payment or installment payment, the date of the first payment in the series of
payments; or (c) for all other claims, the date on which the action complained of occurred. Any suit must be brought within one year after the date the Committee (or its designee) has made a
final denial (or deemed denial) of a claim for benefits. Notwithstanding any other provision herein, any suit must be brought within two years after the date the claim first arose (as described
above). 

ARTICLE VIII

MISCELLANEOUS  

8.1   Unsecured General Creditor. 

        Participants
and their Beneficiaries, heirs, successors, and assigns shall have no legal or equitable rights, claims, or interest in any specific property or assets of the Company. No
assets of the Company shall be held in any way as collateral security for the fulfilling of the obligations of the Company under this Plan. Any and all of the Company's assets shall be, and remain,
the general unpledged, unrestricted assets of the Company. The Company's obligation under the Plan shall be merely that of an unfunded and unsecured promise of the Company to pay money in the future,
and the rights of the Participants and Beneficiaries shall be no greater than those of unsecured general creditors. It is the intention of the Company that this Plan be unfunded for purposes of the
Code and for purposes of Title 1 of ERISA. 

8.2   Restriction Against Assignment. 

        The
Company shall pay all amounts payable hereunder only to the person or persons designated by the Plan and not to any other person or corporation. No part of a Participant's Accounts
shall be liable for the debts, contracts, or engagements of any Participant, his or her Beneficiary, or successors in interest, nor shall a Participant's Accounts be subject to execution by levy,
attachment, or garnishment or by any other legal or equitable proceeding, nor shall any such person have any right to alienate, anticipate, sell, transfer, commute, pledge, encumber, or assign any
benefits or payments hereunder in any manner whatsoever. 

8.3   Withholding. 

        There
shall be deducted from each payment made under the Plan or any other compensation payable to the Participant (or Beneficiary) all taxes which are required to be withheld by the
Company in respect to such payment or this Plan. The Company shall have the right to reduce any payment (or compensation) by the amount of cash sufficient to provide the amount of said taxes. 

12

 

8.4   Amendment, Modification, Suspension or Termination. 

        The
Compensation Committee may amend, modify, suspend or terminate the Plan in whole or in part, except that no amendment, modification, suspension or termination shall have any
retroactive effect to reduce any amounts allocated to a Participant's Accounts. The Committee may also amend the Plan, provided that the 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. 

8.5   Governing Law. 

        Except
to extent preempted by Federal Law, this Plan shall be construed, governed and enforced under the laws of the State of Delaware (without regard to the conflicts of law principles
thereof) and any and all disputes arising under this Plan are to be resolved exclusively by courts sitting in Delaware. 

8.6   Receipt or Release. 

        Any
payment to a Participant or the Participant's Beneficiary in accordance with the provisions of the Plan shall, to the extent thereof, be in full satisfaction of all claims against
the Committee and the Company. The Committee may require such Participant or Beneficiary, as a condition precedent to such payment, to execute a receipt and release to such effect. 

8.7   Limitation of Rights and Employment Relationship. 

        Neither
the establishment of the Plan nor any modification thereof, nor the creating of any fund or account, nor the payment of any benefits shall be construed as giving to any
Participant, or Beneficiary or other person any legal or equitable right against the Company except as provided in the Plan; and in no event shall the terms of employment of any Employee or
Participant be modified or in any way be affected by the provisions of the Plan. 

8.8   Headings. 

        Headings
and subheadings in this Plan are inserted for convenience of reference only and are not to be considered in the construction of the provisions hereof. 

        As
evidence of the adoption of this Plan, effective January 1, 2008, by The Coca-Cola Company, this document is signed by a duly authorized officer. 

	 	 	THE COCA-COLA COMPANY
	

 	
 	

By:	
 	

 
	 	 	 	 	
 Senior Vice President, Human Resources
	

 	
 	

Date:	
 	

 
	 	 	 	 	

13

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Exhibit 10.3    
    

THE COCA-COLA COMPANY  

 SEVERANCE PAY PLAN  

AS AMENDED AND RESTATED

EFFECTIVE JANUARY 1, 2008  

  

  ARTICLE 1

PURPOSE AND ADOPTION OF PLAN  

        The Coca-Cola Company established The Coca-Cola Company Severance Pay Plan (the "Plan") effective as of January 1, 1993 to provide
benefits to certain eligible employees of the Company who were terminated by the Company. The Company now amends and restates the Plan effective January 1, 2008. The Plan shall be an unfunded
severance pay plan that is a welfare plan as such term is defined by the Employee Retirement Income Security Act of 1974, as amended, ("ERISA"), the benefits of which shall be paid solely from the
general assets of the Company. 

        Notwithstanding
any other provision in this Plan to the contrary, Participants who terminate employment on or before February 29, 2008, and who, prior to January 1, 2008,
properly, timely and unconditionally executed and did not revoke, the release and required under Section 3.1(e), shall be subject to the terms of the Plan in effect on December 31, 2007. 

ARTICLE 2

DEFINITIONS  

        For purposes of this Plan, the following terms shall have the meanings set forth below. 

        Affiliate means any corporation or other business organization in which the Company owns, directly or
indirectly, 20% or more of the voting stock or capital at the relevant time. 

        Approved Leave of Absence means an approved military leave of absence or leave of absence under the Family
and Medical Leave Act. 

        Cause means a violation of the Company's Code of Business Conduct or any other policy of the Company or an
Affiliate, or gross misconduct. 

        Committee means The Coca-Cola Company Benefits Committee appointed by the Senior Vice President,
Human Resources (or the most senior Human Resources officer of the Company), which shall act on behalf of the Company to administer the Plan as provided in Article 4. 

        Company means The Coca-Cola Company. 

        Disability or Disabled means 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 that hereafter may be maintained by the Company or any Affiliate. 

        International Service Employee means an employee of the Company or any Affiliate who is classified as an
International Service Employee in the Company's personnel and payroll systems. 

        Participant means: 

        (a)   regular,
full-time salaried or exception hourly employee of the Company or a Participating Affiliate who works primarily within the United States (one of the
fifty states or the District of Columbia) and who is actively at work or on an Approved Leave of Absence, or 

        (b)   a
regular, full-time salaried International Service Employee who is actively at work. 

        Notwithstanding
the foregoing, the term "Participant" shall not include any employee covered by a collective bargaining agreement between an employee representative and the Company or
any Affiliate, unless otherwise provided in the collective bargaining agreement. Further, the term "Participant" shall not include any employee who is designated as hourly by the Company (or to the
extent applicable, any Affiliate) on its payroll, personnel and benefits system. 

        An
individual shall be treated as an "employee" for purposes of this Plan for any period only if (i) he is actually classified during such period by the Company (or to the extent
applicable, any Affiliate) on its payroll, personnel and benefits system as an employee, and (ii) he is paid for services 

 

rendered
during such period through the payroll system, as distinguished from the accounts payable department, of the Company or the Affiliate. No other individual shall be treated as an employee
under this Plan for any period, regardless of his or her status during such period as an employee under common law or under any statute. In addition, an individual shall be treated as a "salaried" or
"exception hourly" employee for purposes of this Plan only if he is actually classified during such period by the Company or an Affiliate on its payroll, personnel and benefits system as a salaried or
exception hourly employee. 

        Participating Affiliate means any Affiliate that the Committee has designated as such, as set forth in
Appendix A. 

        Plan means The Coca-Cola Company Severance Pay Plan. 

        Severance Benefits Committee means the committee appointed by the Senior Vice President, Human Resources of
the Company (or the most senior Human Resources officer of the Company) to make certain determinations with regard to benefits payable under Article 3 and claims under Article 5 of this
Plan. 

        Substantially Equivalent Employment means a position in the Company or with an Affiliate, or a position with
an entity to whom all or any part of a Company division, subsidiary, or other business segment is outsourced, sold or otherwise disposed (including, without limitation, a disposition by sale of shares
of stock or of assets) that, at the time the employment offer is made: 

        (a)   except
in the case of an International Service Employee, provides a principal place of employment of not more than 50 miles from the last principal place of employment
with the Company or an Affiliate, 

        (b)   maintains
the employee's job grade within one level (if new position is with the Company or an Affiliate that uses the same job grades), and 

        (c)   provides
a total cash compensation opportunity consisting of base plus variable compensation, at target performance, that is at least 90% of total cash compensation
opportunity at target performance, of the current position. 

        Weekly Pay means 1/52 of a Participant's annual base salary (as determined by the Committee) as in effect on
the date the Committee determines that his active employment terminated. For each Participant whose pay depends at least in part on commissions, "Weekly Pay" shall mean his basic
weekly pay rate (as determined by the Committee) as in effect on the date the Committee determines that his active employment terminated, plus the weekly average of his commissions that the Committee
determines that he earned during the calendar year immediately preceding the calendar year in which his active employment terminated. 

        Years of Service means: 

        (a)   for
each Participant who is an International Service Employee, the Participant's full and continuous whole years of employment as a part-time, regular,
hourly or salaried employee of the Company or any Affiliate, as determined by the Committee based on the Company's or Affiliate's personnel records; and 

        (b)   for
each other Participant, the Participant's whole Years of Vesting Service, as defined in the Employee Retirement Plan of The Coca-Cola Company; provided, 

        (c)   "Years
of Service" shall not include any period of employment with the Company or any Affiliate for which the Participant is receiving or previously has received any
severance pay or similar benefits, whether under this Plan or any other plan or arrangement sponsored or paid by the Company or any Affiliate. 

2

 
ARTICLE 3

BENEFITS  

        3.1    Circumstances in Which Benefits are Payable.    

        (a)    Position Elimination    A Participant shall qualify for a benefit under
Section 3.3(a) of this Plan as a result of his involuntary loss of employment with the Company, a Participating Affiliate, or, solely with respect to an International Service Employee, an
Affiliate, if the Severance Benefits Committee in its discretion determines that: 

        (1)   his
employment terminated as a result of the elimination of his current position; 

        (2)   his
termination was unrelated to a sale or other disposition, including outsourcing, of all or any part of a division, subsidiary or other business segment (including,
without limitation, a disposition by sale of shares of stock or of assets) in which he was employed, unless he was not offered Substantially Equivalent Employment with the purchaser, acquirer or
outsource vendor of the division, subsidiary or business segment; 

        (3)   he
failed (as a result of such termination) to qualify for any severance pay (except as provided under this Plan) or other plan or benefit that the Severance Benefits
Committee in its discretion deems to duplicate this Plan and that is sponsored or paid by the Company or any Affiliate; and 

        (4)   he
properly, timely and unconditionally executes and does not revoke, the release and, if applicable, an agreement on confidentiality and competition required under
Section 3.1(e). 

        (b)    Placement Issue Benefit.    A Participant may qualify for a benefit as a result of
his involuntary loss of employment with the Company, a Participating Affiliate or, solely with respect to an International Service Employee, an Affiliate, if: 

        (1)   the
Severance Benefits Committee acting in its discretion determines that such qualification is in the best interests of the Company; 

        (2)   his
employment was not terminated for Cause; and 

        (3)   he
properly, timely and unconditionally executes, and does not revoke, the release and, if applicable, an agreement on confidentiality and competition required under
Section 3.1(e). 

        The
benefit payable under this Section 3.1(b) shall be determined in the sole discretion of the Severance Benefits Committee on a case-by-case basis.
However, no benefit payable under this Section 3.1(b) shall exceed the amount of benefit payable under 3.3(a). 

        (c)    Other Involuntary Terminations.    A Participant who fails to satisfy the
requirements of Section 3.l(a) or (b) nevertheless shall qualify for a benefit as a result of his involuntary loss of employment with the
Company, a Participating Affiliate, or, solely with respect to an International Service Employee, an Affiliate, if: 

        (1)   his
employment was not terminated for Cause; and 

        (2)   he
properly, timely and unconditionally executes, and does not revoke, the release and, if applicable, an agreement on confidentiality and competition required under
Section 3.1(e). 

        The
benefit payable under this Section 3.1(c) shall equal the Participant's Weekly Pay multiplied by four. 

        (d)    Release, Noncompetition and Nondisclosure Form.    Participants shall be provided
with releases and agreements on confidentiality and competition that Participants shall be required to properly, timely and unconditionally execute as a condition to qualifying for a benefit under
this Plan, and such documents shall set forth the minimum requirements for a release and an agreement on 

3

 

confidentiality
and competition under this Plan. The Severance Benefits Committee, as part of each determination under Section 3.1, also shall determine whether the release for a Participant
shall (for reasons sufficient to the Severance Benefits Committee) include requirements in addition to the minimum requirements set forth in the form and shall revise the form release for such
Participant accordingly. The Severance Benefits Committee in its sole discretion shall (for reasons sufficient to the Severance Benefits Committee) determine whether a Participant is required also to
sign an agreement on confidentiality and competition to qualify for a benefit under this Plan. The Severance Benefits Committee, also shall determine whether the agreements shall contain additional
requirements such as, but not limited to, a non-solicitation agreement and a non-disparagement agreement. If a Participant declines to properly, timely and unconditionally
execute the release and, if applicable, an agreement on confidentiality and competition required by the Severance Benefits Committee for the benefit described in Section 3.1(a), (b) or
(c), the Participant shall not qualify for any benefit under this Plan. 

        3.2    Circumstances in Which Benefits are Not Payable.    

        Notwithstanding
any other provision in this Plan to the contrary, an employee is not entitled to benefits under this Plan if the employee: 

        (a)   voluntarily
terminates employment, 

        (b)   was
disabled or on a leave of absence (except for an Approved Leave of Absence) immediately prior to his termination of employment, 

        (c)   prior
to receiving any benefit under the Plan, is offered Substantially Equivalent Employment, as determined by the Severance Benefits Committee, with the Company or one
of its Affiliates, 

        (d)   is
offered Substantially Equivalent Employment, as determined by the Severance Benefits Committee, in connection with the sale or other disposition, including
outsourcing, of all or any part of a division, subsidiary or other business segment (including, without limitation, a disposition by sale of shares of stock or of assets) in which he was employed, 

        (e)   is
terminated for Cause, as determined by the Severance Benefits Committee, 

        (f)    waived
participation in the Plan through any means, or 

        (g)   has
entered into an individual employment agreement with the Company or a Participating Affiliate (unless such agreement specifically provides for severance benefits to
be paid under this Plan). 

        3.3    Benefit Formula    

        (a)   Position
Elimination.    If a Participant qualifies under Section 3.l(a) for a benefit, his benefit under this Plan shall
equal his Weekly Pay multiplied by the service factor set forth in the Severance Table for his tier. 

Severance Table  

	Tier
 
	 	Service Factor

	1	 	104 weeks
	2	 	78 weeks
	3	 	52 weeks
	4	 	2 weeks for each Year of Service with a minimum service factor of 12 weeks and a maximum service factor of 52 weeks

4

 

        (b)   Tiers.    For
purposes of this Section 3.3, a Participant shall be assigned to the tier set forth opposite his job grade (as
determined from the Company's or Participating Affiliate's payroll records as of the date his employment terminated) and, if applicable, his status as an elected corporate officer of the Company as of
the date his employment terminated, under this Section 3.3(b): 

	Tier
 
	 	Job Grade

	1	 	18 or higher

17 and elected corporate officer as of 12/31/07
	2	 	15, 16, 17
	3	 	13, 14
	4	 	1 through 12

Retails and Attraction

        3.4    Benefit Payment Timing.    If a Participant qualifies for a benefit under this
Plan, such benefit shall be paid as soon as practicable after his active employment has terminated, and payment shall be made in a lump sum. In no event shall a benefit under this Plan be paid after
March 15th of the year following the year of Participant's termination of employment. No interest whatsoever shall be paid on any benefit under this Plan. 

        3.5    Withholding.    The Company shall have the right to take such action as it deems
necessary or appropriate in order to satisfy any federal, state or local income or other tax requirement to withhold or make deductions from any benefit otherwise payable under this Plan. 

        3.6    Forfeiture of Benefit.    

        (a)   Reemployment.    If
a Participant who is entitled to a benefit under the Plan is reemployed by the Company or any Affiliate, his
benefit under the Plan shall cease or be forfeited in accordance with the following: 

        (1)   If
the Participant is reemployed prior to receiving any benefit under the Plan, he shall forfeit the entire benefit otherwise payable under the Plan. 

        (2)   If
he is reemployed after receiving his entire benefit under the Plan in the form of a lump sum, he shall return to the Company that portion of the lump sum equal to the
remaining amount of benefit that would have been payable to him, as of the date he is reemployed, if he had received his Plan benefit on a bi-monthly basis. 

        (b)   Violation
of Code of Business Conduct or Company Policy.    If, following the determination that a Participant is entitled to a
benefit under the Plan, the Severance Benefits Committee determines that during the Participant's employment, the Participant violated the Company's Code of Business Conduct or any other policy of the
Company or Participating Affiliate, all or a portion of the Participant's benefit under the Plan may cease or be forfeited. The Severance Benefits Committee has the sole discretion to determine on a
case-by-case basis any benefit or benefit payment that will be forfeited and/or returned to the Company. 

        (c)   Disability.    If,
following the determination that a Participant is entitled to a benefit under the Plan, the Participant becomes
Disabled, his benefit under the Plan shall cease or be forfeited in accordance with the following: 

        (1)   If
the Participant becomes Disabled prior to receiving any benefit under the Plan, he shall forfeit the entire benefit otherwise payable under the Plan. 

        (2)   If
the Participant becomes Disabled after receiving a lump sum benefit under the Plan, he shall return to the Company that portion of the lump sum equal to the remaining 

5

 

amount
of benefit that would have been payable to him, as of the date he is deemed Disabled, if he had received his Plan benefit on a bi-monthly basis. 

        3.8    No Duplication of Benefits.    If the Severance Benefits Committee determines that
the benefit payable under this Plan to a Participant duplicates (directly or indirectly) any other benefit otherwise payable to such Participant by the Company or any Affiliate (including, without
limitation, any repatriation payment or allowance or any termination indemnity), the Severance Benefits Committee shall have the right to reduce the benefit otherwise payable under this Plan to the
extent deemed necessary to eliminate such duplication. 

ARTICLE 4

ADMINISTRATION  

        4.1    Committee.    

        (a)   The
Committee shall be responsible for the general administration of the Plan. As such, the Committee is the "Plan Administrator" and a "named fiduciary" of the Plan (as
those terms are used in ERISA). In the absence of the appointment of a Committee, the functions and powers of the Committee shall reside with the Company. The Committee, in the exercise of its
authority, shall discharge its duties with respect to the Plan in accordance with ERISA and corresponding regulations, as amended from time to time. 

        (b)   The
Committee shall establish regulations for the day-to-day administration of the Plan. The Committee and its designated agents shall have the
exclusive right and discretion to interpret the terms and conditions of the Plan and to decide all matters arising with respect to the Plan's administration and operation (including factual issues).
Any interpretations or decisions so made shall be conclusive and binding on all persons. The Committee or its designee may pay the expenses of administering the Plan or may reimburse the Company or
other person performing administrative services with respect to the Plan if the Company or such other person directly pays such expenses at the request of the Committee. 

        4.2    Authority to Appoint Advisors and Agents.    The Committee and Severance Benefit
Committee may appoint, designate and employ such persons as it may deem advisable and as it may require in carrying out the provisions of the Plan. To the extent permitted by law, the members of the
Committee and the Severance Benefits Committee shall be fully protected by any action taken in reliance upon advice given by such persons and in reliance on tables, valuations, certificates,
determinations, opinions and reports that are furnished by any accountant, counsel, claims administrator or other expert who is employed or engaged by the Committee. 

        4.3    Compensation and Expenses of Committee.    The members of the Committee shall
receive no compensation for its duties hereunder, but the Committee shall be reimbursed for all reasonable and necessary expenses incurred in the performance of its duties, including counsel fees and
expenses. Such expenses of the Committee, including the compensation of administrators, actuaries, counsel, agents or others that the Committee may employ, shall be paid out of the general assets of
the Company. 

        4.4    Records.    The Committee shall keep or cause to be kept books and records with
respect to the operations and administration of this Plan. 

        4.5    Indemnification of Committee.    The Company agrees to indemnify and to defend to
the fullest extent permitted by law any employee serving as a member of the Committee and the Severance Benefits Committee or as their delegate(s) against all liabilities, damages, costs and expenses,
including attorneys' fees and amounts paid in settlement of any claims approved by the Company, occasioned by any act or failure to act in connection with the Plan, unless such act or omission arises
out of such employee's gross negligence, willful neglect or willful misconduct. 

6

 

        4.6    Fiduciary Responsibility Insurance, Bonding.    If the Company has not done so,
the Committee may purchase appropriate insurance on behalf of the Plan and the Plan's fiduciaries to cover liability or losses occurring by reason of the acts or omissions of a fiduciary; provided,
however, that such insurance to the extent purchased by the Plan must permit recourse by the insurer against the fiduciary in the case of a breach of a fiduciary duty or obligation by such fiduciary.
The cost of such insurance shall be paid out of the general assets of the Company. The Committee may also obtain a bond covering all of the Plan's fiduciaries, to be paid from the general assets of
the Company. 

ARTICLE 5

CLAIMS PROCEDURE  

        5.1    Right to File a Claim.    Any Participant who believes he is entitled to a
benefit hereunder that has not been received, may file a claim in writing with the Severance Benefits Committee. The claim must be filed within one year after the date of the Participant's
termination of active employment. The Severance Benefits Committee may require such claimant to submit additional documentation, if necessary, in support of the initial claim. 

        5.2    Denial of a Claim.    Any claimant whose claim to any benefit hereunder has been
denied in whole or in part shall receive a notice from the Severance Benefits Committee within 90 days of such filing or within 180 days after such receipt if special circumstances
require an extension of time. If the Severance Benefits Committee determines that an extension of time is required, the claimant will be notified in writing of the extension and reason for the
extension within 90 days after the Severance Benefits Committee's receipt of the claim. The extension notice will also include the date by which the Severance Benefits Committee expects to make
the benefit determination. The notice of the denial of the claim will set forth the specific reasons for such denial, specific references to the Plan provisions on which the denial was based and an
explanation of the procedure for review of the denial. 

        5.3    Claim Review Procedure.    A claimant may appeal the denial of a claim to the
Committee by written request for review to be made within 60 days after receiving notice of the denial. The request for review shall set forth all grounds on which it is based, together with
supporting facts and evidence that the claimant deems pertinent, and the Committee shall give the claimant the opportunity to review pertinent Plan documents in preparing the request. The Committee
may require the claimant to submit such additional facts, documents or other material as it deems necessary or advisable in making its review. The Committee will provide the claimant a written or
electronic notice of the decision within 60 days after receipt of the request for review, except that, if there are special circumstances requiring an extension of time for processing, the
60-day period may be extended for an additional 60 days. If the Committee determines that an extension of time is required, the claimant will be notified in writing of the extension
and reason for the extension within 60 days after the Committee's receipt of the request for review. The extension notice will also include the date by which the Committee expects to complete
the review. The Committee shall communicate to the claimant in writing its decision, and if the Committee confirms the denial, in whole or in part, the communication shall set forth the reasons for
the decision and specific references to the Plan provisions on which the decision is based. 

        5.4    Limitation on Actions.    Any suit for benefits must be brought within one year
after the date the Committee (or its designee) has made a final denial (or deemed denial) of the claim. Notwithstanding any other provision herein, any suit for benefits must be brought within two
years of the date of termination of active employment. No claimant may file suit for benefits until exhausting the claim review procedure described herein. 

7

 
ARTICLE 6

AMENDMENT AND TERMINATION OF PLAN  

        6.1    Amendment of Plan.    The Committee reserves the right to amend the provisions of
the Plan at any time to any extent and in any manner it desires by execution of a written document describing the intended amendment(s). 

        6.2    Termination of Plan.    The Company shall have no obligation whatsoever to
maintain the Plan or any benefit under the Plan for any given length of time. The Company reserves the right to terminate the Plan or any benefit option under the Plan at any time by written document. 

ARTICLE 7

MISCELLANEOUS PROVISIONS  

        7.1    Plan Is Not an Employment Contract.    This Plan is not a contract of employment,
and neither the Plan nor the payment of any benefits will be construed as giving to any person any legal or equitable right to employment by the Company or any Affiliate. Nothing herein shall be
construed to interfere with the right of the Company of any Affiliate to discharge, with or without cause, any employee at any time. 

        7.2    Assignment.    A Participant may not assign or alienate any payment with respect
to any benefit that a Participant is entitled to receive from the Plan, and further, except as may be prescribed by law, no benefits shall be subject to attachment or garnishment of or for a
Participant's debts or contracts, except for recovery of overpayments made on a Participant's behalf by this Plan. 

        7.3    Fraud.    No payments with respect to benefits under this Plan will be paid if the
Participant attempts to perpetrate a fraud upon the Plan with respect to any such claim. The Committee shall have the right to make the final determination of whether a fraud has been attempted or
committed upon the Plan or if a misrepresentation of fact has been made, and its decision shall be final, conclusive and binding upon all persons. The Plan shall have the right to fully recover any
amounts, with interest, improperly paid by the Plan by reason of fraud, attempted fraud or misrepresentation of fact by a Participant and to pursue all other legal or equitable remedies. 

        7.4    Offset for Monies Owed.    The benefits provided hereunder will be offset for any
monies that the Committee determines are owed to the Company or any Affiliate. 

        7.5    Funding Status of Plan.    The benefits provided hereunder will be paid solely
from the general assets of the Company, and nothing herein will be construed to require the Company or the Committee to maintain any fund or segregate any amount for the benefit of any Participant. No
Participant or other person shall have any claim against, right to, or security or other interest in, any fund, account or asset of the Company from which any payment under the Plan may be made. 

        7.6    Construction.    This Plan shall be construed, administered and enforced according
to the laws of the State of Delaware, except to the extent preempted by federal law. The headings and subheadings are set forth for convenient reference only and have no substantive effect whatsoever.
All pronouns and all variations thereof shall be deemed to refer to the masculine, feminine, neuter, singular or plural, as the identity of the person, persons or entity may require. 

        7.7    Conclusiveness of Records.    The records of the Company with respect to age,
employment history, compensation, and all other relevant matters shall be conclusive for purposes of the administration of, and the resolution of claims arising under, the Plan. 

8

 

        The
Coca-Cola Company has caused this document to be signed by its duly authorized officer, effective as of January 1, 2008. 

	 	 	THE COCA-COLA COMPANY
	

 	
 	

By:	
 	

 
	 	 	 	 	
 Senior Vice President, Human Resources

9

 

  

  APPENDIX A

Participating Affiliates  

Rocketcash LLC

Caribbean
International Sales Corporation, Inc.

Coca-Cola
Properties, LLC

10

QuickLinks

Exhibit 10.3

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