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Exhibit 10.17  

 
 

LEAVE OF ABSENCE AGREEMENT    
    

        This LEAVE OF ABSENCE AGREEMENT, by and between International Multifoods Corporation, a Delaware corporation (the "Company"), and Dan C. Swander (the
"Executive"), is executed as of this 23rd day of December, 2004. 

        WHEREAS,
Executive has served as the President and Chief Operating Officer of the Company since November 13, 2001; and 

        WHEREAS,
this Agreement sets forth the arrangements with respect to Executive's resignation as an officer of the Company effective February 28, 2004 (the "Effective Date"), and
related matters. 

        NOW,
THEREFORE, IN CONSIDERATION OF THE TERMS AND CONDITIONS SET FORTH IN THIS AGREEMENT, IT IS HEREBY AGREED AS FOLLOWS: 

        1.    Resignation.    As of the Effective Date, Executive is relieved of all of his titles, duties, responsibilities
and authority as an officer and otherwise with respect to the Company, its business and/or operations. 

        2.    Leave of Absence.    For the period beginning on the Effective Date and continuing through November 14,
2006, Executive will be an employee of the Company on a leave of absence (the "Leave of Absence"). Executive will not be entitled to receive any compensation during the Leave of Absence except as
specifically set forth in this Agreement. At the end of the Leave of Absence, Executive's employment will be terminated by the Company without any further action by the Company or Executive. With
respect to the Leave of Absence, Executive and the Company agree as follows: 

        (a)    Salary Continuation.    Following the Effective Date, and in addition to compensation payable to Executive for
his services through the Effective Date, Executive will receive a gross amount equal to his
current annual base salary (that is, $500,000) ("Salary Continuation Amount"), payable in a lump sum on the first business day after the rescission period described in the Release (as defined below),
if: (i) Executive has signed and not rescinded this Agreement and the Release during the rescission period referred to in the Release and (ii) Executive has not breached his obligations
pursuant to this Agreement or the Release. 

        (b)    Vacation.    On the Effective Date, the Company will pay Executive for all accrued but unused vacation.
Executive will not accrue additional vacation time after the Effective Date. 

        (c)    Severance Agreements.    Executive hereby waives and relinquishes, as of the Effective Date, all rights to
receive any severance benefits or other payment under (i) the Severance Agreement (Termination of Employment) dated as of November 13, 2001 between the Company and Executive and
(ii) the Severance Agreement (Change of Control) dated as of November 13, 2001. As of the Effective Date, Executive has no further rights under either Severance Agreement. 

        (d)    Stock Options and Restricted Stock.    The stock options granted to Executive pursuant to the
Non-Qualified Stock Option Agreement between the Company and Executive dated as of November 13, 2001 (the "Stock Option Agreement") and the restricted stock granted to Executive
pursuant to the Restricted Stock Award Agreement between the Company and Executive dated as of November 13, 2001 (the "Restricted Stock Agreement"), which are the only grants of stock options
or restricted stock that have been made to Executive, will continue to vest during the Leave of Absence in accordance with the terms of such agreements and the Company's 1997 Stock-Based Incentive
Plan (the "1997 Plan"). In accordance with the terms of the Stock Option Agreement and the 1997 Plan, Executive will 

 

be
entitled to exercise the options subject to the Stock Option Agreement for three (3) months following the termination of his employment at the end of the Leave of Absence. 

        (e)    Pension Equity Plan.    Executive will not accrue any additional benefit under the Company's Pension Equity
Plan (the "Pension Plan") during the Leave of Absence. Executive will continue to earn vesting service under the Pension Plan for up to one year of the Leave of Absence (the "First Year"), but will
not have sufficient service at the end of such period to be vested in a benefit under the Pension Plan. 

        (f)    Management Benefit Plan.    Executive hereby waives and relinquishes, as of the Effective Date, any benefit to
which he may be entitled under the Management Benefit Plan. 

        (g)    401(k) Retirement Plan.    Executive will be allowed to withdraw his balance from the Employees' Voluntary
Investment and Savings Plan of the Company, as amended from time to time (the "VISA Plan"), under the normal rules of the VISA Plan, which generally allow in-service withdrawals after age
591/2. Executive will continue to earn vesting service under the VISA Plan for the First Year. 

        (h)    Supplemental Deferred Compensation Plan.    Executive hereby waives and relinquishes, as of the Effective Date,
continued participation in the Supplemental Deferred Compensation Plan, as amended from time to time (the "Supplemental Plan"). Executive will be fully vested in his Account under the Supplemental
Plan, and the Company and the Executive agree that the full balance of the Account under this Supplemental Plan will be paid to the Executive on, or as soon as practicable after, the Effective Date. 

        (i)    Health and Welfare Benefits.    Executive may continue to participate in the Company's medical and dental plan
during the Leave of Absence under the same terms and conditions, and at the same premium rates, as generally apply to similarly situated active employees. Expiration of the Leave of Absence will be
considered a COBRA-qualifying event; Executive will be eligible for continuation of coverage under COBRA under the same terms and conditions as any other COBRA-eligible employee or former employee and
the Company will provide its standard COBRA notice to Executive. Executive will remit his share of the monthly premium to the Company on or before the first day of each month for which he wishes to
continue coverage. To permit the Company to determine during the COBRA period whether to cease providing medical or dental insurance coverage to Executive, Executive will promptly and fully disclose
to the Company in writing the fact that he has become eligible for comparable group medical or dental insurance coverage from any other employer. Executive will repay any amounts paid by the Company
for medical or dental insurance premiums that would not have been paid hereunder but for Executive's failure or unwillingness to make such disclosures. 

        (j)    Workers Compensation.    During the Leave of Absence, the Company will continue to list Executive on its list
of employees for purposes of workers' compensation. 

        (k)    Expense Reimbursement.    The Company will reimburse Executive for his regular and necessary business expenses
incurred through the Effective Date according to the Company's regular policies and practices. Executive will submit all his requests for such reimbursement to the Company no later than the Effective
Date and the Company will make such reimbursement payment to Executive within 15 business days after Executive submits his reimbursement request to the Company. 

        (l)    Agreement to Consult.    At the Company's reasonable request and upon reasonable notice, Executive will, from
time to time until February 28, 2005, discuss and consult with the Company regarding business matters that he was directly and substantially involved with while employed by the Company;
provided, however, that any such request for consulting services by 

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the
Company shall not unreasonably interfere with Executive's schedule and availability to provide such consulting services at the time or times requested by the Company. The Company will promptly
reimburse Executive for his out-of-pocket costs and expenses in connection with any services he may provide under the immediately preceding sentence in accordance with the
Company's reimbursement procedures for business expenses as it may exist from time to time. 

        (m)    Relocation Reimbursement.    At any time during the Leave of Absence, the Company will, at the written request
of Executive, reimburse Executive for (i) Executive's actual real estate commission and closing costs incurred and paid by Executive with respect to the sale of Executive's current residence
located at 100 Birch Bluff Road, Tonka Bay, Minnesota, and (ii) Executive's actual and direct costs incurred and paid with respect to the shipment of Executive's household goods to a location
designated by Executive in the State of California; in an amount not to exceed $140,000, in the aggregate, if (i) Executive and his family relocate to the State of California during the Leave
of Absence; and (ii) Executive has not received or is entitled to receive a relocation payment or reimbursement from any third party employer. 

        3.    Non-Compete and Other Covenants of Executive.    

        (a)    Covenant Not to Compete.    Until February 28, 2005, Executive will not engage in, whether as a
principal, agent, investor, employee, employer, consultant, shareholder, partner, or in any other individual or representative capacity whatsoever, anywhere in the United States of America, or its
territories or possessions, and Mexico and Canada, any business in competition with the manufacturing businesses conducted by the Company, or any subsidiary of the Company, at the Effective Date;
provided, however that Executive may own up to one percent (1%) of any outstanding class of equity securities of a company engaged in any manufacturing business conducted by the Company at the
Effective Date, that are publicly traded on a domestic or foreign stock exchange or on a domestic or foreign over the counter market, without violating this covenant not to compete. In the event that
this section 3.(a) of this Agreement is determined by an arbitrator or court of competent jurisdiction to be invalid, illegal, or unenforceable in any respect, such a determination will not
affect the validity, legality, or enforceability of the remaining provisions of this Agreement and the remaining provisions of this Agreement will continue to be valid and enforceable, and any
arbitrator or court of competent jurisdiction may modify this section 3.(a) so as to make it valid and enforceable. 

        (b)    Right to Seek Non-Competing Employment.    Nothing in this Agreement shall prohibit Executive from
seeking new employment with any business that does not compete with the manufacturing businesses conducted by the Company, or any subsidiary of the Company at the
Effective Date, and the payments and benefits provided to Executive under this Agreement will continue if Executive secures any such non-competing employment. 

        (c)    Covenant Not to Solicit.    Until February 28, 2005, Executive will not (i) solicit any employee
of the Company, or any subsidiary of the Company, for employment or encourage any employee of the Company, or any subsidiary of the Company, to terminate his or her employment with the Company or
(ii) solicit or encourage any current or prospective customer or supplier of the Company, or any subsidiary of the Company, to terminate or change its relationships with the Company or any
subsidiary of the Company. 

        (d)    Covenants of Confidentiality and Non-Disclosure.    Executive will maintain in strict confidence
and not disclose to or use for the benefit of any corporation, partnership or other entity or person (except the Company or any subsidiary of the Company), any Confidential Information. Confidential
Information includes but is not limited to non-public information 

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relating
to the businesses, plans, organization, information systems, present and prospective customers, customer buying patterns or requirements, products, techniques, methods, cost, pricing, price
methods, margins, rebates, promotional allowances, trade secrets, and other proprietary information of the Company or its subsidiaries. Executive agrees that Confidential Information is and shall
forever remain the property of the Company. Executive further agrees that he will not remove the Confidential Information, nor any part thereof, from the premises of the Company in original or
duplicate form, or transmit Confidential Information in any oral or written form, by electronic means or otherwise, at any time, except as necessary in the performance of his obligations to the
Company. 

        (e)    Covenant Not to Disparage the Company.    Executive will not, in any way, disparage the Company or any of its
subsidiaries, affiliates, directors, officers or employees, or any of its products or services. Neither the Company nor any of its officers (while employed with the Company) or directors (while
serving with the Company), will, in any way, disparage the Executive. 

        (f)    Records, Documents and Property.    On or before the Effective Date, Executive will deliver to the Company any
and all Company records and any all Company property in his possession or under his control, including without limitation keys, access cards, access codes, source codes, passwords, credit cards,
personal computers, telephones, other electronic equipment, manuals, books, blank forms, documents, letters, memoranda, notes, notebooks, reports, printouts, computer disks, computer tapes, data,
tables, calculations, Confidential Information in any form, and all copies or duplicates of any of the foregoing in any form. 

        (g)    Authority.    Executive represents and warrants that he has the authority to enter into this Agreement and the
Release, and that no causes of action, claims or demands released pursuant to this Agreement
and the Release have been assigned to any person or entity not a party to this Agreement and the Release. 

        (h)    Injunctive Relief.    Executive understands that the provisions of sections 3.(a)–3.(f) are
reasonable and necessary to protect the legitimate interests of the Company and that any violation of such provisions by Executive will cause substantial and irreparable harm to the Company to such an
extent that monetary damages alone may be an inadequate remedy therefor. Accordingly, in the event that Executive violates any such provision, the Company will be entitled to seek an injunction, in
addition to all other remedies it may have (including, specifically, its right to terminate the salary continuation payments and other benefits provided under this Agreement), restraining Executive
from violating or continuing to violate such provisions. 

        (i)    Breach of Agreement by Executive.    Notwithstanding anything to the contrary in this Agreement, Executive
understands that if he (i) breaches the provisions of Sections 3(a) or (c) or the provisions of the first two sentences of Section 3(d), or (ii) breaches the provisions of
the fourth sentence of Section 3(d) and such breach is not cured by Executive within seven (7) days after having received written notice of such alleged breach by the Company, or
(iii) rescinds or breaches the Release, the Leave of Absence and Executive's employment shall terminate immediately and all of Executive's rights to receive payments and other benefits under
this Agreement shall terminate. In addition, any such breach or rescission shall be deemed to terminate Executive's employment for gross and willful misconduct under the Stock Option Agreement and
Restricted Stock Agreement and vesting thereunder shall terminate immediately. Termination of this Agreement for breach shall not limit the Company's right to seek any and all other legal, injunctive
and equitable remedies available as a result of such breach. 

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        4.    Indemnification and Executive's Representation.    

        (a)    Indemnification.    Notwithstanding Executive's Leave of Absence and separation from the Company, with respect
to the events that occurred during his tenure as an employee or officer of the Company, Executive will be entitled, as a former employee, officer and director of the Company, to no lesser rights than
are afforded to similarly situated employees or other officers of the Company, now or in the future, to indemnification and advancement of expenses provided in the charter documents or
by-laws of the Company, under applicable law and pursuant to the Indemnity Agreement between the Company and Executive dated as of November 13, 2001. 

        (b)    Executive's Representations.    Executive understands that this Agreement does not constitute an admission that
the Company has violated any local ordinance, state or federal statute or regulations, or principle of common law, or that the Company has engaged in any unlawful or improper conduct toward Executive
or treated him unfairly. Executive will not characterize this Agreement or any money
or other consideration provided under this Agreement as an admission that the Company has engaged in any unlawful or improper conduct toward him or treated him unfairly. 

        (c)    Consultation with Counsel.    Executive acknowledges that he has been advised by the Company to consult with
his own attorney before executing this Agreement and the Release, that he has had a full opportunity to consider this Agreement and the Release, that he has had a full opportunity to ask any questions
that he may have concerning this Agreement, the Release or the settlement of his potential claims against the Company, and that he has not relied upon any statements or representations made by the
Company or its attorneys, written or oral, other than the statements and representations that are explicitly set forth in this Agreement, the Release, the Stock Option Agreement and Restricted Stock
Agreement, and any employee benefit plans sponsored by the Company in which Executive is a participant. 

        5.    Full Settlement and Release.    Executive agrees that the Leave of Absence and the payments and other
consideration provided by the Company under this Agreement will fully compensate Executive for and extinguish any and all actual or potential claims that Executive is releasing in the Release,
including without limitation, claims for attorneys' fees and costs and any and all claims for any type of legal or equitable relief. At the Effective Date, Executive will execute a Release, in the
form attached to this Agreement as Exhibit A (the "Release"). This Agreement will not be interpreted or construed to limit the Release in any manner. Further, the existence of any dispute
respecting the interpretation of this Agreement will not nullify or otherwise affect the validity or enforceability of the Release. 

        6.    Successors.    

        (a)   This
Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive otherwise than by will or the
laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive's legal representatives. 

        (b)   This
Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. 

        (c)   The
Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or
assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken
place. As used in this Agreement, "Company" shall mean the Company 

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as
hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise. 

        7.    Miscellaneous.    

        (a)   This
Agreement shall be governed by and construed in accordance with the laws of the State of Minnesota, without reference to principles of conflict of laws. The
captions of this Agreement are not part of the provisions hereof and shall have no force or effect. This Agreement may not be amended or modified otherwise than by a written agreement executed by the
parties hereto or their respective successors and legal representatives. 

        (b)   All
notices and other communications hereunder shall be in writing and shall be given by hand delivery to the other party or by registered or certified mail, return
receipt requested, postage prepaid, addressed as follows: 

If to the Executive:

Dan
C. Swander

100 Birch Bluff Road

Tonka Bay, Minnesota 55331-8512 

With
copy to:

Kevin M. Klemz

Oppenheimer Wolff and Donnelly, LLP

45 South 7th Street–Suite 3300

Minneapolis, MN 55402 

If to the Company:

International
Multifoods Corporation 

110
Cheshire Lane, Suite 300

Minnetonka, MN 55305-1060 

Attention:
Ralph P. Hargrow, Senior Vice President, Administration, Human Resources, and Research, Development and Quality; and Frank W. Bonvino, Senior Vice President and General
Counsel 

or
to such other address as either party shall have furnished to the other in writing in accordance herewith. Notice and communications shall be effective when actually received by the addressee. 

        (c)   The
Company may withhold from any amounts payable under this Agreement such federal, state, local, or foreign taxes as shall be required to be withheld pursuant to any
applicable law or regulation. 

        (d)   The
Executive's or the Company's failure to insist upon strict compliance with any provision of this Agreement or the failure to assert any right the Executive or the
Company may have hereunder shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement. 

        (e)   This
Agreement may be executed simultaneously in two or more counterparts, each of which will be deemed an original, but all of which together will constitute one and
the same instrument. 

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        IN
WITNESS WHEREOF, the Executive has hereunto set the Executive's hand and, pursuant to the authorization from the Compensation and Human Resources Committee of its Board of Directors,
the Company has caused this Agreement to be executed in its name on its behalf as of the day and year first above written. 

	

 	
 	

INTERNATIONAL MULTIFOODS CORPORATION
	

 	
 	

By	
 	

/s/  RALPH P. HARGROW      
Senior Vice President, Human Resources, Administration, Research, Development and Quality
	

 	
 	

/s/  DAN C. SWANDER      
 Dan C. Swander

7

  

 
 

EXHIBIT A    
    
    RELEASE BY DAN C. SWANDER    
    

        Definitions.    I intend all words used in this Release to have their plain meanings in ordinary
English. Specific terms that I use in this Release have the following meanings: 

	A.
	I, me, and my include both me and anyone
who has or obtains any legal rights or claims through me.

	B.
	IMC means International Multifoods Corporation, any company related to International Multifoods Corporation in the present or past
(including without limitation, its predecessors, parents, subsidiaries, affiliates, and divisions), and any successors of International Multifoods Corporation.

	C.
	Company means IMC; the present and past officers, directors, committees, shareholders, and employees of IMC; any company providing
insurance to IMC in the present or past; the present and past fiduciaries of any employee benefit plan sponsored or maintained by IMC (other than multiemployer plans); and anyone who acted on behalf
of IMC or on instructions from IMC.

	D.
	Agreement means the Leave of Absence Agreement between IMC and me that I am executing on the same date on which I execute this Release.

	E.
	My Claims means all of my rights that I now have to any relief of any kind from the Company, including without limitation:

	1.
	all
claims arising out of or relating to my employment with International Multifoods Corporation or the termination of that employment;

	2.
	all
claims arising out of or relating to the statements, actions, or omissions of the Company;

	3.
	all
claims for any alleged unlawful discrimination, harassment, retaliation or reprisal, or other alleged unlawful practices arising under any federal, state, or local statute,
ordinance, or regulation, including without limitation, claims under Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Americans with Disabilities Act, 42 U.S.C.
§ 1981, the Employee Retirement Income Security Act, the Equal Pay Act, the Worker Adjustment and Retraining Notification Act, the Minnesota Human Rights Act, the Fair Credit Reporting
Act, the Family and Medical Leave Act, and workers' compensation non-interference or non-retaliation statutes (such as Minn. Stat. § 176.82);

	4.
	all
claims for alleged wrongful discharge; breach of contract; breach of implied contract; failure to keep any promise; breach of a covenant of good faith and fair dealing; breach of
fiduciary duty; estoppel; my activities, if any, as a "whistleblower"; defamation; infliction of emotional distress; fraud; misrepresentation; negligence; harassment; retaliation or reprisal;
constructive discharge; assault; battery; false imprisonment; invasion of privacy; interference with contractual or business relationships; any other wrongful employment practices; and violation of
any other principle of common law;

	5.
	all
claims for compensation of any kind, including without limitation, bonuses, commissions, stock-based compensation or stock options, vacation pay, and expense reimbursements; 

8

 

	6.
	all
claims for back pay, front pay, reinstatement, other equitable relief, compensatory damages, damages for alleged personal injury, liquidated damages, and punitive damages; and

	7.
	all
claims for attorneys' fees, costs, and interest. 

        However,
My Claims does not include any claims that the law does not allow to be waived; any claims that may arise after the date on which
I sign this Release; any claims for breach of the Agreement; and any rights I have (i) as a result and to the extent of my participation in any benefit plan or plans of the Company (including,
but not limited to, the Pension Equity Plan, the Management Benefit Plan, the 401(k) retirement plan, titled "Employees' Voluntary Investment and Savings Plan", the Supplemental Deferred Compensation
Plan and the health and welfare benefit plans), under the terms and conditions set forth in such plan or plans as of the date of termination of my employment, (ii) under the
Non-Qualified Stock Option Agreement dated as of November 13, 2001 between the Company and me or the Restricted Stock Award Agreement dated as of November 13, 2001 between
the Company and me, and (iii) under any indemnification to which I am entitled under (A) the Restated Certificate of Incorporation, as amended, of the Company, (B) the Bylaws, as
amended, of the Company, (C) under any contract of insurance maintained by the Company, or (D) the Indemnity Agreement dated November 13, 2001 between the Company and me. 

        Agreement to Release My Claims.    I will receive consideration from IMC as set forth in the Agreement
if I sign and do not rescind this Release as provided below. I understand and acknowledge that the consideration is in addition to anything of value that I would be entitled to receive from IMC if I
did not sign this Release or if I rescinded this Release. In exchange for that consideration I give up and release all of My Claims. I will not make any demands or claims against the Company for
compensation or damages relating to My Claims. The consideration that I am receiving is a fair compromise for the release of My Claims. 

        Additional Agreements and Understandings.    Even though IMC will provide consideration for me to settle
and release My Claims, the Company does not admit that it is responsible or legally obligated to me. In fact, the Company denies that it is responsible or legally obligated to me for My Claims, denies
that it engaged in any unlawful or improper conduct toward me, and denies that it treated me unfairly. 

        Advice to Consult with an Attorney.    I understand and acknowledge that I am hereby being advised by
the Company to consult with an attorney prior to signing this Release. My decision whether to sign this Release is my own voluntary decision made with full knowledge that the Company has advised me to
consult with an attorney. 

        Period to Consider the Release.    I understand that I have twenty-one
(21) days from the day that I receive this Release, not counting the day upon which I receive it, to consider whether I wish to sign this Release. If I
sign this Release before the end of the twenty-one-day period, it will be my voluntary decision to do so because I have decided that I do not need any additional time to decide
whether to sign this Release. 

        My Right to Rescind this Release.    I understand that I may rescind this Release at any time within
fifteen (15) days after I sign it, not counting the day upon which I sign it. This Release will not become effective or enforceable unless and until the fifteen-day rescission
period has expired without my rescinding it. 

        Procedure for Accepting or Rescinding the Release.    To accept the terms of this Release, I must
deliver the Release, after I have signed and dated it, to IMC by hand or by mail within the twenty-one-day period that I have to consider this Release. To rescind my
acceptance, I must deliver a 

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written,
signed statement that I rescind my acceptance to IMC by hand or by mail within the 15-day rescission period. All deliveries must be made to IMC at the following address: 

Ralph
P. Hargrow

Senior Vice President, Human Resources and Administration

International Multifoods Corporation

110 Cheshire Lane

Minnetonka, Minnesota 55305-1060 

        If
I choose to deliver my acceptance or the rescission of my acceptance by mail, it must be: 

	(1)
	postmarked
within the period stated above; and

	(2)
	properly
addressed to IMC at the address stated above. 

        Interpretation of the Release.    This Release should be interpreted as broadly as possible to achieve
my intention to resolve all of My Claims against the Company. If this Release is held by a court to be inadequate to release a particular claim encompassed within My Claims, this Release will remain
in full force and effect with respect to all the rest of My Claims. 

        My Representations.    I am legally able and entitled to receive the consideration being provided to me
in settlement of My Claims. I have not been involved in any personal bankruptcy or other insolvency proceedings at any time since I began my employment with IMC. No child support orders, garnishment
orders, or other orders requiring that money owed to me by IMC be paid to any other person are now in effect. 

        I
have read this Release carefully. I understand all of its terms. In signing this Release, I have not relied on any statements or explanations made by the Company except as specifically
set forth in the Agreement. I am voluntarily releasing My Claims against the Company. I intend this Release and the Agreement to be legally binding. 

	

Dated:	
 	

    
 Dan C. Swander

10

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EXHIBIT A RELEASE BY DAN C. SWANDERQuickLinks
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EXHIBIT 10.1  

      

      

 
 

THE COCA-COLA COMPANY BENEFITS PLAN
  FOR MEMBERS OF THE BOARD OF DIRECTORS  
  

       

As amended and restated effective April 14, 2004  

 
 ARTICLE I

PURPOSE OF PLAN  

        Effective December 31, 2002, The Coca-Cola Company adopted The Coca-Cola Company Benefits Plan for Members of the Board of
Directors (the "Plan"). The purpose of the Plan is to provide certain individuals certain welfare benefits described in this Plan, in the Summary Plan Description (as amended, renamed, and/or
replaced) for active employees of The Coca-Cola Company generally, any summaries of material modification ("SMMs") issued with respect thereto (the SPD and any subsequent
SMMs collectively shall be referred to herein as the "SPD"), and in any other applicable certificates of insurance coverage. Effective April 14, 2004, the Plan is amended and restated in
its present form. 

        The
employee welfare benefits that are part of this Plan are identified in Appendix A of this Plan. Different versions of the SPD may apply to different classifications of
individuals. In such case, the version(s) of the SPD applicable to such classification(s) of Eligible Individuals shall control. 

ARTICLE II

DEFINITIONS  

        Except as otherwise provided in the SPD, the following terms shall have the following meanings: 

        "Benefits" means the various welfare benefits made available to Eligible Individuals and their Dependents hereunder, as set forth in
Appendix A. The component Benefits are described in more detail in the SPD. The manner by which such Benefits are provided, e.g., insured, self-funded, etc., and the entity(ies)
responsible for Benefit administration are set forth in the SPD and any applicable certificates of insurance coverage. 

        "Board" means the Company's Board of Directors. 

        "Committee" shall mean The Coca-Cola Company Benefits Committee appointed by the Senior Vice President, Human Resources (or
the person with the title that most closely resembles this title) to administer the Plan as provided in Article VII. This term is interchangeable with "Plan Administrator." 

        "Company" means The Coca-Cola Company. 

        "Covered Dependent" means each of the Dependents whom a Participant has elected to cover under the Plan as his or her Dependent. 

        "Covered Person(s)" means a Participant and/or his Covered Dependents, whichever is applicable. 

        "Dependent" means those eligible Dependents described in the plan documents for the component Benefits or in the SPD. The definition of
eligible Dependent may vary for purposes of the component Benefits, and the definition contained in each Benefit description shall control. 

        "Effective Date" means the effective date of this Plan document, April 14, 2004. 

        "Eligible Individual" means an active or former member of the Board who is not an employee or retiree of the Company. As may be indicated
in the SPD or Appendix A, different Eligible Individuals (e.g., active members or former members) may be eligible for different Benefit options. 

        "Enrollment Period" means the enrollment period designated by the Plan Administrator each Plan Year (as set forth in the annual enrollment
materials) during which Participants make their Benefit elections for the succeeding Plan Year. 

        "Participant" means an Eligible Individual who is deemed to have completed the election procedures set forth in the SPD. 

1

 

        "Plan Year" means the 12-month period beginning January 1 and ending on the subsequent December 31, or if
shorter, such portion of a calendar year beginning with the date an individual becomes a Participant under this Plan and ending on December 31, or if earlier, the date when a Participant's
coverage would otherwise end. 

ARTICLE III

ELIGIBILITY AND PARTICIPATION  

        Except as otherwise provided in the SPD, the following provisions shall govern eligibility and participation: 

        3.01    Individual's Commencement of Participation.    Each Eligible Individual and Dependent shall be eligible to
participate in the Plan under the terms and conditions specified in the SPD. Each Eligible Individual who is deemed to have completed the enrollment and election procedures described in the SPD may
become a Participant on the date specified therein. 

        3.02    Covered Dependent's Commencement of Participation.    Except as otherwise provided in the SPD, coverage with
respect to a Covered Dependent will begin on the same date that coverage begins for the Participant who elects such Dependent coverage. 

        3.03    Cessation of Participation.    A Participant will cease to be a Covered Person, and all Benefit coverage with
respect to the Participant and his or her Covered Dependents will end, as of the earliest of: 

        (a)   the
date of the Plan's termination; 

        (b)   the
date on which the Covered Person's coverage is canceled by reason of his or her failure to make timely payment of his share of the cost of Benefit coverage, if
applicable; 

        (c)   the
date on which the Participant ceases to be an Eligible Individual; 

        (d)   with
respect to coverage of a Covered Dependent, the date on which the Dependent loses eligibility because he or she no longer qualifies as a Dependent under the Plan. 

ARTICLE IV

ELECTION PROCEDURES  

        Except as otherwise provided in the SPD, the following provisions shall govern Plan elections: 

        4.01    Election Procedures.    

        (a)   Eligible
Individuals shall be provided with sufficient information by which each Eligible Individual may elect Benefits for the upcoming Plan Year. Enrollment in the
Plan for the Plan Year may be accomplished by completion of designated written enrollment and election forms, or other reasonable procedure as the Plan Administrator shall designate. The Participant's
enrollment and Benefit election shall be effective as of the first day of the upcoming Plan Year and must be completed on or before such date as the Plan Administrator shall specify. 

        (b)   Unless
otherwise provided in the SPD, if an individual becomes an Eligible Individual between annual Enrollment Periods, the Eligible Individual may enroll in the Plan
as specified in the SPD. 

        (c)   Each
Benefit election shall remain effective throughout the Plan Year unless revoked or suspended in accordance with Section 4.02 of this Plan. 

2

 

        (d)   Any
Eligible Individual who fails to make a timely election after his or her initial Plan Year shall be deemed to have elected to continue the same Benefits and
coverages then in effect for such Eligible Individual. 

        4.02    Revocation and Modification of Elections.    

        (a)   The
Plan Administrator may establish procedures by which a Participant may modify Benefit elections prior to the end of a Plan Year. 

        (b)   Any
modification of an election under this Section shall be accompanied by the Participant's execution of a revised election form or other method established by the Plan
Administrator and shall be effective at such time as the Plan Administrator shall prescribe. 

ARTICLE V

BENEFITS AND CLAIMS  

        Except as otherwise provided in the SPD, the following provisions shall govern Plan Benefits: 

        5.01    Benefits Available.    The Benefits which a Participant may elect shall be subject to any additional
limitations or restrictions set forth in the coverage documents for each such Benefit as described in the SPD. 

        5.02    Provision of Benefits.    The Company shall provide the Benefits the Participant has elected under the Plan,
in accordance with the terms of such Benefits as described in the SPD, in any other applicable program, contract or document, and in accordance with any conditions or restrictions imposed by an
insurance company providing any Benefit. 

        5.03    Insurance Contracts.    Some or all of the Benefits provided under the Plan may, at the discretion of the
Company, be provided by the purchase of insurance contracts, as described in the SPD. Any dividends, retroactive rebates, or other refunds or credits which may become payable under any insurance or
health care service contracts or benefit programs shall be the property of and retained by the Company. To the extent there is any conflict between the terms of this Plan or the SPD and the insurance
documents, the insurance documents shall govern. 

        5.04    Benefit Costs.    The Company shall, from time to time, evaluate the funding method for the Plan. The amount
of Participant contributions, if any, and the method for payment of Participant contributions will be determined by the Company and disclosed to Participants in annual enrollment information. 

        5.05    Claims.    Except as otherwise provided in the SPD: 

        (a)   Claims
payments with respect to Benefits under this Plan shall be made only with respect to claims or expenses incurred on and after the date an individual first becomes
a Covered Person hereunder, and before the date participation ceases under Section 3.03. A claim or expense with respect to a Benefit shall be deemed to be incurred when the Covered Person is
provided with the service which gives rise to the expense, not when the Covered Person is billed or charged for the service. 

        (b)   All
claims for Benefits under the Plan shall be made, processed and paid in accordance with the terms and conditions of the SPD and applicable program, insurance
contract or other document that sets forth the terms of such Benefit. With respect to any self-funded Benefits provided under this Plan, a Covered Person's failure to cash a Benefit check
within twelve months of issuance of such payment shall result in a forfeiture of such payment to the Plan. 

3

 

        (c)   A
Covered Person or other claimant shall be entitled to reimbursement or payment only if he (or his estate) applies for such reimbursement or payment on or before the
date which is twelve months following the date the claim with respect to such Benefit was incurred. 

        (d)   Any
suit for Benefits must be brought within twelve months after the date the Plan Administrator (or his 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 after the date the claim for Benefits first arose. 

        5.06    Claims Procedure and Appeal of Benefit Denials.    The process by which a claim for Benefits shall be handled
by the Plan Administrator and the process by which a Participant may appeal the denial of a claim for Benefits are set forth in the SPD. As set forth in the SPD, insurance carriers (and other
entities) may serve as the claims fiduciary with regard to certain Benefits. 

        5.07    Coordination of Benefits with Other Plans.    As set forth in the SPD, in the event that a Covered Person is
entitled to any benefits from another plan or policy, Benefits under this Plan may be reduced to an amount, which together with all other amounts paid under any other plan or policy, will not exceed
the Benefits that would in fact be eligible for reimbursement under this Plan. 

        If
a Covered Person is eligible for Medicare, Medicare will be primary to the extent permitted under applicable law—for example if a Covered Person receives Plan Benefits
other than by virtue of current employment status. 

        5.08    Reimbursement Agreement, Subrogation.    

        (a)   As
described in the SPD, if a Covered Person receives or becomes eligible to receive any dental, medical, vision and/or disability Benefit or other Benefit
("Reimbursable Benefit") arising from an accident, injury or illness for which the Covered Person has, may have, or has asserted any claim or rights to recovery against a third party or parties, then
any payments by this Plan with respect to such
Reimbursable Benefit shall be made on the condition that this Plan will be reimbursed by the Covered Person, to the extent of any amount or amounts received or receivable from or with respect to the
third party or parties, whether by way of suit, judgment, settlement, compromise or otherwise and without regard to how the amount received from the third party or parties is characterized. 

        (b)   The
"make whole doctrine" arising under federal common law and under state law does not apply to the Plan's reimbursement or subrogation rights. The Plan retains its
reimbursement and subrogation rights described herein regardless of whether the Covered Person's receipt of payment from other sources fully reimburses the Covered Person or whether the Covered Person
has been "made whole," (i.e., the Plan has the right of first reimbursement, even if the Covered Person is not fully compensated for his injury). The Plan's right of recovery applies to the full
amount the Covered Person receives (unreduced by attorneys' fees and other expenses). The Plan does not share the Covered Person's cost of recovery. 

        (c)   To
the extent set forth in the SPD, the Covered Person may be obligated to sign a reimbursement agreement, as prescribed by the Plan Administrator, before any
Reimbursable Benefits are paid from this Plan. If Reimbursable Benefits are to be paid with respect to a Covered Dependent who is a minor, the Plan Administrator may require the Participant to execute
a reimbursement agreement on the minor's behalf. All Covered Persons shall be obligated to cooperate with this Plan in its efforts to enforce its reimbursement rights and to refrain from any actions
that interfere with those rights. The Plan shall have the right to take all appropriate actions necessary to enforce its reimbursement rights in the event that a 

4

 

Covered
Person refuses to sign a reimbursement agreement, refuses to reimburse this Plan in accordance with the Plan's reimbursement rights, or takes any other action inconsistent with the Plan's
reimbursement rights. In such situations, the Plan's options shall include, without limitation, the right in appropriate cases to deny Benefits to an individual who refuses to sign a reimbursement
agreement, to institute legal actions to recover sums wrongfully withheld or to obtain other relief, and/or to offset wrongfully withheld sums against future Benefit payments otherwise owed the
Covered Person. 

        (d)   The
Plan shall be subrogated to all claims, demands, actions and rights of recovery of the Covered Person against a third party or parties to the extent of any and all
payments made by the Plan with respect to Reimbursable Benefits, and the reimbursement agreement shall so provide. 

ARTICLE VI

AMENDMENT AND TERMINATION OF PLAN  

        6.01    Amendment of Plan.    The Committee reserves the right to amend the provisions of the Plan to any extent and
in any manner it desires by execution of a written document describing the intended amendment(s). The Committee may amend the SPD(s) at any time by preparation and publication of a revised SPD (or
SMM). 

        6.02    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. Upon termination or discontinuance of the Plan, all
elections with respect to the Plan shall terminate, and payments with respect to Benefits shall be made only with respect to claims incurred on or prior to the date of the Plan's termination. 

ARTICLE VII

COMMITTEE  

        7.01    Committee.    The Committee shall be responsible for the general administration of the Plan. In the absence of
the appointment of a Committee, the functions and powers of the Committee shall reside with the Company. 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, subject to the claims procedures set forth in each
respective coverage document. 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. 

        7.02    Authority to Appoint Advisors and Agents.    The Committee may appoint 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 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 which are furnished by any accountant, counsel, claims administrator or other
expert who is employed or engaged by the Committee. 

5

   
        7.03    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. 

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

        7.05    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 or as its delegate 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. 

        7.06    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 shall also obtain a bond covering all of the Plan's fiduciaries, to be paid from the general assets of the Company. 

ARTICLE VIII

MISCELLANEOUS PROVISIONS  

        8.01    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. 

        8.02    Assignment.    If applicable, a Covered Person may authorize the Plan to directly pay the service provider or
hospital that provided the Covered Person's covered care and treatment. Except as provided in any insurance contract providing benefits under this Plan, the foregoing sentence, or as otherwise
provided in any other document that sets forth the terms of a Benefit, a Covered Person may not assign or alienate any payment with respect to any Benefit which a Covered Person 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 Covered Person's debts or contracts, except for recovery of
overpayments made on a Covered Person's behalf by this Plan. 

        8.03    Fraud.    No payments with respect to Benefits under this Plan will be paid if the Covered Person or the
provider of service attempts to perpetrate a fraud upon the Plan with respect to any such claim. The Plan Administrator 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
terminate an otherwise Eligible Individual's eligibility hereunder, fully recover any amounts, with interest, improperly paid by the Plan by reason of fraud, attempted fraud or misrepresentation of
fact by a Covered Person or service provider and to pursue all other legal or equitable remedies. 

        8.04    Funding Status of Plan.    Benefits under the Plan may be self-funded or provided through one or
more insurance contracts selected and obtained by the Plan Administrator for that purpose, or any combination of the above. No Covered Person 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. 

6

 

        8.05    Construction.    This Plan shall be construed, administered and enforced according to the laws of the State of
Georgia, 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. 

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

        8.07    Right to Require Information and Reliance Thereon.    The Company, Plan Administrator, and claims
administrator shall have the right to require any Covered Person to provide it and its agents with such information, in writing, and in such form as it may deem necessary to the administration of the
Plan and may rely on that information in carrying out its duties hereunder. Any payment to a Covered Person in accordance with the provisions of the Plan in good faith reliance upon any written
information provided by the Covered Person shall be in full satisfaction of all claims by the Covered Person. 

        8.08    Income Taxes.    Company contributions under the Plan, if any, will generally be taxable to Participants.
Except as otherwise may be provided in an individual agreement, the Participant shall bear the expense of any income tax required to be withheld from any Benefit payment. In the Plan Administrator's
discretion, the amount of any applicable tax may be deducted from the cash payment, or paid by the Covered Person in any other manner permitted by the Plan Administrator. 

ARTICLE IX

PROTECTED HEALTH INFORMATION  

        Article IX is only applicable to medical, dental and employee assistance program benefits. 

        9.01    Use and Disclosure of Protected Health Information.    

        The
Plan will use and disclose protected health information (PHI) for purposes related to the treatment through, payment for, and operation of health care functions. The Plan will
disclose PHI to the Company only after receipt of proper confirmation from the Company that the Plan document has been amended to incorporate the following provisions and/or conditions relating to the
use and disclosure of PHI. Notwithstanding any provision to the contrary, PHI shall not include enrollment/disenrollment information or summary health information disclosed to the Company by the Plan
(or a business associate, health insurance issuer or HMO on behalf of the Plan). 

        (a)   Payment for health care functions includes those activities undertaken by or performed on behalf of the Plan to obtain
premiums or to determine or fulfill its responsibility for coverage and provision of benefits under the Plan with respect to an individual to whom health care services are provided. Activities that
constitute payment activities include, but are not limited to, the following activities: 

	1.
	Determination
of eligibility or coverage (including the determination of cost sharing amounts);

	2.
	Coordination
of benefits;

	3.
	Adjudication
or subrogation of health benefit claims;

	4.
	Risk
adjusting amounts due based upon enrollee health status and demographic characteristics; 

7

 

	5.
	Billing,
claims management, collection activities, obtaining payment under a contract for reinsurance (including stop-loss insurance and excess of loss insurance), and
related health care data processing;

	6.
	Review
of health care services with respect to medical necessity, coverage under a health plan, appropriateness of care, or justification of charges;

	7.
	Utilization
review activities, including precertification and preauthorization of services, concurrent and retrospective review of services; and

	8.
	Disclosure
to consumer reporting agencies of any of the following health information relating to collection of premiums or reimbursement:

	(i)
	Name
and address;

	(ii)
	Date
of birth;

	(iii)
	Social
Security Number;

	(iv)
	Payment
history;

	(v)
	Account
number; and

	(vi)
	Name
and address of the health care provider and/or health plan. 

        (b)   Health Care Operations include, but are not limited to, the following activities: 

	1.
	Conducting
quality assessment and improvement activities, including outcomes evaluation and development of clinical guidelines (provided that the obtainment of generalizable knowledge
is not the primary purpose of any studies resulting from such activities);

	2.
	Population-based
activities relating to the improving health or reducing health care costs, protocol development, case management and care coordination, and contacting of health care
providers and patients with information about treatment alternatives (and related functions that do not include treatment);

	3.
	Reviewing
the competence or qualifications of health care professionals, evaluating practitioner and provider performance, health plan performance, conducting training programs for
students, trainees, or practitioners in areas of health care, and training of non-health care professionals;

	4.
	Accreditation,
certification, licensing, or credentialing activities;

	5.
	Underwriting,
premium rating, and other activities relating to the creation, renewal or replacement of a contract of health insurance or health benefits, and ceding, securing, or
placing a contract for reinsurance of risk relating to claims for health care (including stop-loss insurance and excess of loss insurance);

	6.
	Conducting
or arranging for medical review, legal services, and auditing functions (including fraud and abuse detection and compliance programs);

	7.
	Business
planning and development, such as conducting cost- management and planning-related analyses related to managing and operating the Plan, including formulary
development and administration, development or improvement of methods of payment or coverage policies; and 

8

 

	8.
	Business
management and general administrative activities of the Plan, including (but not limited to):

	(i)
	Management
activities relating to implementation of and compliance with the requirements of HIPAA's administrative simplification regulations;

	(ii)
	Customer
service, including the provision of data analyses for policy holders or other customers (provided that protected health information is not disclosed to such
policy holder or customer);

	(iii)
	Resolution
of internal grievances;

	(iv)
	Due
diligence in connection with the sale or transfer of assets to a potential successor in interest (if the potential successor in interest is a covered entity under
HIPAA or will become a covered entity following the sale or transfer); and

	(v)
	Creating
de-identified health information, fundraising for the benefit of the covered entity, and marketing for which an individual authorization is not
required. 

        9.02    Use and Disclosure of PHI as Required by Law or as Permitted by Authorization of the Participant or
Beneficiary.    With authorization, the Plan will disclose PHI to the other plans sponsored by the Company for purposes related to administration of these plans. The
Plan will disclose PHI to other entities without authorization from a participant or beneficiary if such disclosure is required by law. 

        9.03    Conditions relating to the Use and Disclosure of PHI by the Company.    The Company agrees to the following
conditions relating to the use and disclosure of PHI: 

        (a)   The
Company will not use or further disclose PHI other than as permitted or required by the Plan document or required by law; 

        (b)   The
Company will ensure that any agents, including subcontractors, to whom it provides PHI received from the Plan agree to the same restrictions and conditions that
apply to the Company with respect to such PHI; 

        (c)   The
Company will not use or disclose PHI for employment-related actions or decisions or in connection with any other benefit or employee benefit plan of the Company
(unless authorized to do so by the individual); 

        (d)   The
Company will report to the Plan any use or disclosure of PHI that is inconsistent with the uses or disclosures provided for in the Plan document of which the Company
becomes aware; 

        (e)   The
Company will make PHI available to the individual in accordance with the access requirements of HIPAA; 

        (f)    The
Company will make PHI available to the individual for amendment and incorporate any amendments to PHI in accordance with the amendment requirements of HIPAA; 

        (g)   The
Company will make available such information as is required to provide an accounting of disclosures in accordance with the requirements of HIPAA; 

        (h)   The
Company will make its internal practices, books, and records relating to the use and disclosure of PHI received from the Plan available to the Secretary of Health
and Human Services for purposes of determining compliance by the Plan with the requirements of HIPAA; and 

        (i)    The
Company will, if feasible, return or destroy all PHI received from the Plan that the Company still maintains in any form and retain no copies of such PHI when no
longer needed for the purpose for which the disclosure was made. Where such return or destruction is not feasible, 

9

 

the
Company will limit further uses or disclosures to those purposes that make the return or destruction of the PHI infeasible. 

        9.04    Establishment and Maintenance of Adequate Separation between the Company and Plan.    In accordance with the
requirements of HIPAA, only the following employees/classes of employees will be given access to PHI to be disclosed: 

	Barbara Gilbreath	 	Sharon Ray	 	Leah Thomason
	Jill Welch	 	Angela Green	 	Cheryl Lee
	Inga Vaystikh Smith	 	Ann Cegielski	 	Beverly Friez
	Porcha Cook	 	Lisa Taylor	 	Debra Davis
	Angela Coppola	 	Linda Hodges	 	Flo Lue
	Miatta Wright	 	 	 	 

        The
persons described above will only have access to and use PHI for purposes of Plan administration functions that the Company performs for the Plan. 

        9.05    Noncompliance by Plan Administrative Personnel.    In the event that the employee/class of employees described
in subsection 9.04 above fail to comply with the terms of the Plan document, the Company shall provide an effective mechanism for the resolution of any such noncompliance issues, to include
disciplinary measures. 

        IN
TESTIMONY WHEREOF, The Coca-Cola Company has caused this document to be signed by its duly authorized officer, to be effective as of April 14, 2004. 

	 	 	THE COCA-COLA COMPANY
	
 	
 	

By:	
 	

/s/  CORETHA M. RUSHING      
 Senior Vice President, Human Resources

10

APPENDIX A

WELFARE BENEFITS  

	a)
	Medical
Benefits

	b)
	Dental
Benefits

	c)
	Basic
Life Insurance (Active Board Members only)

	d)
	Accidental
Death and Dismemberment Insurance (Active Board Members only)

	e)
	Business
Travel Accident Insurance (Active Board Members only) 

QuickLinks

THE COCA-COLA COMPANY BENEFITS PLAN FOR MEMBERS OF THE BOARD OF DIRECTORS

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