Document:

ko8k021809x10-1.htm

    
      
         

      

      
         

        
          

        

      

      
         

        
          Exhibit
10.1

        

      

    

    

     

    THE
COCA-COLA COMPANY

     

    1989
RESTRICTED STOCK AWARD PLAN

    (As
Amended and Restated through February 18, 2009)

     

     

    Section 1.
Purpose

     

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

     

    Section 2.
Administration

     

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

     

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

     

    Section 3.
Stock

     

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

     

    Section 4. Eligibility

     

            Awards
may be granted to officers and key employees of the Company and its Related
Companies who have been employed by the Company or a Related Company (but only
if the Related Company is one in which the Company owns on the grant date,
directly or indirectly, either (i) 50% or more of the voting stock or
capital where such entity is not publicly held, or (ii) an interest which
causes the Related Company's financial results to be consolidated with the
Company's financial results for financial reporting 

     

     

    
      
        
        

      

      
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    purposes)
for a reasonable period of time determined by the Committee. The term "Related
Company" shall mean any corporation or other business organization in which the
Company owns, directly or indirectly, 20 percent or more of the voting
stock or capital at the applicable time.

     

    Notwithstanding
any other provision of the Plan, Awards, including performance share unit
awards, may only be granted to employees if they are employed at the time the
Award is initially granted; however, Awards in the form of performance share
units or other share units may be settled in shares of Stock after the
employee’s termination of employment, if such employee qualifies for such a
settlement under the terms of the Award.

     

    No
employee shall acquire pursuant to Awards granted under the Plan more than
twenty (20) percent of the aggregate number of shares of Stock issuable
pursuant to Awards under the Plan.

     

    
      Section 5.
Awards

    

     

            Effective
for grants on or after February 18, 2009, and except as otherwise specifically
provided in the grant of an Award, Awards shall be granted solely for services
rendered to the Company or any Related Company and shall be subject to the
following terms and conditions:

     

    (a)  If at any
time the recipient terminates employment after attaining age 60 and completing
ten Years of Service, dies or becomes disabled, or in the event of a "Change in
Control" of the Company, such recipient shall be entitled to retain the number
of shares subject to the Award if such shares have been issued, unless otherwise
specified at the time of grant.

     

    (b)  The Stock
subject to an Award shall be forfeited to the Company if the employment of the
employee by the Company or Related Company terminates for any other
reason.

     

    “Disabled”
means a condition for which a recipient becomes eligible for and receives a
disability benefit under the long term disability insurance policy issued to the
Company providing Basic Long Term Disability Insurance benefits pursuant to The
Coca-Cola Company Health and Welfare Benefits Plan, or under any other long term
disability plan which hereafter may be maintained by the Company or a Related
Company, provided that the recipient is unable to engage in any substantial
gainful activity by reason of any medically 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.

     

    “Years of
Service” means “Years of Vesting Service” as that term is defined in the
Employee Retirement Plan of The Coca-Cola Company.

     

    "Change
in Control"  means a change in control of a nature that would be
required to be reported in response to Item 6(e) of Schedule 14A of
Regulation 14A promulgated under the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), as in effect on 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 shareholders of the Company approve any
merger or consolidation as a result of which the Common Stock shall be changed,
converted or exchanged (other than a merger with a wholly-owned subsidiary of
the Company) or any liquidation of the Company or any sale or other disposition
of 50% or more of the assets or earning power of the Company, and such merger,
consolidation, liquidation or sale is completed; or (iv) the shareholders
of the Company approve any merger or consolidation to which the Company is a
party as a result of which the persons who were 

     

     

    
      
        
        

      

      
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    shareholders
of the Company immediately prior to the effective date of the merger or
consolidation shall have beneficial ownership of less than 50% of the combined
voting power for election of directors of the surviving corporation following
the effective date of such merger or consolidation, and such merger or
consolidation is completed; provided, however, that no Change in Control shall
be deemed to have occurred if, prior to such time as a Change in Control would
otherwise be deemed to have occurred, the Board of Directors determines
otherwise.  Additionally, no Change in Control will be deemed to have
occurred under clause (i) if, subsequent to such time as a Change in 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.

     

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

    

     

    (d)   Performance-Based
Awards.

     

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

     

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

     

    • increase in shareowner
value;

    • earnings per share;

    • net income;

    • return on assets;

    • return on shareowners'
equity;

    • increase in cash
flow;

    • operating profit or operating
margins;

    • revenue growth of the
Company;

    • operating expenses;

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

    •
economic
profit;

    • return on capital;

    • return on invested
capital;

    • earnings before interest, taxes,
depreciation and amortization;

    • goals relating to acquisitions or
divestitures;

    • unit case volume;

    • operating income;

    • brand contribution;

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

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

    • net revenue;

     

     

     

    
      
        
        

      

      
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    • gross profit; and

    • profit before tax.

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

    Section 6.
Nontransferability of Awards

     

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

     

    Section 7.
Rights as a Stockholder

     

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

     

    Section 8.
Adjustment in the Number of Shares Awarded

     

            In
the event there is any change in the Stock through the declaration of stock
dividends, through stock splits or through recapitalization or merger or
consolidation or combination of shares or otherwise, the 

     

     

    
      
        
        

      

      
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    Committee
or the Board shall make an appropriate adjustment in the number of shares of
Stock thereafter available for Awards.

     

    Section 9.
Taxes

     

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

     

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

     

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

     

    Section 10.
Restrictive Legend and Stock Power

     

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

     

    Section 11.
Amendments, Modifications and Termination of Plan

     

            The
Board or the Committee may terminate the Plan, in whole or in part, may suspend
the Plan, in whole or in part from time to time, and may amend the Plan from
time to time, including the adoption of amendments deemed necessary or desirable
to qualify the Awards under the laws of various states (including tax laws) and
under rules and regulations promulgated by the Securities and Exchange
Commission with respect to employees who are subject to the provisions of
Section 16 of the Exchange Act, or to correct any defect or supply an
omission or reconcile any inconsistency in the Plan or in any Award granted
thereunder, without the approval of the stockholders of the Company; provided,
however, that no action shall be taken without the approval of the stockholders
of the Company which may increase the number of shares of Stock available for
Awards or withdraw administration from the Committee, or permit any person while
a member of the Committee to be eligible to receive an Award. Without limiting

     

     

    
      
        
        

      

      
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    the
foregoing, the Board of Directors or the Committee may make amendments
applicable or inapplicable only to participants who are subject to
Section 16 of the Exchange Act. No amendment or termination or modification
of the Plan shall in any manner affect Awards therefore granted without the
consent of the employee unless the Committee has made a determination that an
amendment or modification is in the best interest of all persons to whom Awards
have theretofore been granted. The Board or the Committee may modify or remove
restrictions contained in Sections 5 and 6 on an Award or the Awards as a whole
which have been previously granted upon a determination that such action is in
the best interest of the Company. The Plan shall terminate when (a) all
Awards authorized under the Plan have been granted and (b) all shares of
Stock subject to Awards under the Plan have been issued and are no longer
subject to forfeiture under the terms hereof unless earlier terminated by the
Board or the Committee.

     

    Section 12.
Governing Law

     

    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.

    

    

     

    

     

    
      
         
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    THE
COCA-COLA COMPANY 1989 RESTRICTED STOCK AWARD PLAN

     

     

    ADDENDUM

     

     

    For
French Tax Residents

     

    The
Committee has determined that it is necessary and advisable to establish a
subplan for the purpose of permitting Awards to qualify for French favorable tax
and social security treatment.  Therefore, Awards granted under the
Plan to employees and officers (the “French Employees”) of Related Companies in
France may be granted under the terms of this Addendum to the Plan and applying
to the Performance Share Agreement, provided that such Awards shall not have
terms that would not otherwise be allowed under the general terms of the
Plan.  The authorization to grant Awards under this Addendum
shall be for a limited period ending February 28, 2018.

    

    
      	
              1.  

            	
              Unless
      otherwise defined herein, the terms defined in this Addendum shall have
      the same meanings as defined in the Plan and in the Performance Share
      Agreement.  In the event of a conflict between the terms and
      conditions of the Plan, this Addendum and the Performance Share Agreement,
      the terms and conditions of the Plan shall prevail except for the
      following additional terms that shall be defined as
    follows:

            

    

    

    “Disability”
means disability as determined in categories 2 and 3 under Article 341-4 of the
French Social Security Code.

    

    “Related
Companies” means the companies within the meaning of Article L. 225-197-2 of the
French Commercial Code or any provision substituted for same.

    

    “Closed
Period” means (i) ten quotation days preceding and following the disclosure to
the public of the consolidated financial statements or annual statement of the
Coca-Cola Company; or (ii) the period as from the date the corporate management
entities (involved in the governance of the company, such as the Board,
Committee, supervisory, in the case it would be disclosed to the public,
significantly impact the quotation of the shares of the Company, until ten
quotation days after the day such information is disclosed to the
public.

    

    
      	
              2.  

            	
              This
      addendum shall be applicable to French Employees and corporate officers
      (e.g., Président du Conseil
      d’Administration, Directeur Général, Directeur Général Délégué, Membre du
      Directoire, Gérant de sociétés, Président de sociétés par actions)
      of a Related Company and who is a French tax resident at the time of the
      grant.

            

    

    

    
      	
              3.  

            	
              Any
      Awards granted under this Addendum shall include a performance period of
      at least two years followed by a minimum two-year Holding
      Period.

            

    

    

    
      	
              4.  

            	
              Awards
      may be granted only to French Employees who hold less than ten percent
      (10%) of the outstanding Shares of the Company at the Date of Grant, being
      specified that a grant can not entitle a French Employee to hold more than
      ten percent (10%) of the outstanding Stock of the
  Company.

            

    

    

    
      	
              5.  

            	
              The
      shares:  (i) shall not be sold, assigned, transferred, pledged,
      hypothecated, or otherwise disposed of until the end of the Holding
      Period, and (ii) shall, if the French Employee’s continuous employment
      with the Related Companies shall terminate for any reason (except as
      otherwise provided in items 9 and 10, herein) before the end of the
      Performance Period, be forfeited to the Company forthwith, and all the
      rights of the Employee to such Performance Shares Agreement shall
      immediately terminate.

            

    

     

     

     

    
      
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              6.  

            	
              Unless
      and until such time as Shares awarded are issued, the Employee shall have
      no ownership of the Shares allocated to the awards and shall have no right
      to vote and to receive dividends, subject to the terms, conditions and
      restrictions described in the Plan, in the Performance Share Agreement and
      herein.

            

    

     

    
      	
              7.  

            	
              The
      Employee shall hold the Shares awarded during each Holding Period of 2
      years starting on the Performance Certification Date. As from the end of
      each Holding Period (the release Date), the corresponding Shares shall be
      freely transferable, subject to applicable legal and regulatory provisions
      in force.

            

    

     

    
      	
              8.  

            	
              For
      compliance purpose with French law, the Shares granted shall not be
      transferable during the Closed
Period.

            

    

    

    
      	
              9.  

            	
              In
      the event of the death of an Employee occurring prior to the Release Date,
      his/her heirs and assigns may claim the release of the Shares of the
      deceased Employee within six (6) months following the date of death.
      Thereafter, the award will lapse and be null and void. Provision of the
      Performance Share Agreement shall apply. However, the Employee’s heirs
      shall not be bound by the holding period as defined in item 7
      above.

            

    

    

    
      	
              10.  

            	
              In
      the event of the Disability of an
      Employee occurring prior to the Release Date, the Shares will be issued
      and/or released to the Employee within the period defined in the
      Performance Share Agreement and following the acknowledgement by the
      Company of the Disability. The Employee shall not be bound by the holding
      period as defined in item 7 above.

            

    

    

    
      	
              11.  

            	
              Any
      additional and specific condition to the grant of Shares shall be
      contained in the Performance Share Agreement (i.e. Continuous Employment,
      Performance Conditions).

            

    

    

    

    
      
        8ko8k021809x10-2.htm

    
      
         

      

      
         

        
          

        

      

      
         

        
          Exhibit
10.2

        

      

    

    

     

    THE
COCA-COLA COMPANY

    1999
STOCK OPTION PLAN

    (Amended
and Restated Through February 18, 2009)

     

     

    Section 1.
Purpose

     

            The
purpose of The Coca-Cola Company 1999 Stock Option Plan (the "Plan") is to
advance the interest of The Coca-Cola Company (the "Company") and its
Related Companies (as defined in Section 2) by encouraging and enabling the
acquisition of a financial interest in the Company by officers and other key
employees of the Company or its Related Companies. In addition, the Plan is
intended to aid the Company and its Related Companies in attracting and
retaining key employees, to stimulate the efforts of such employees and to
strengthen their desire to remain in the employ of the Company and its Related
Companies. Also, the Plan is intended to help the Company and its Related
Companies, in certain instances, to attract and compensate consultants to
perform key services.

     

    Section 2.
Definitions

     

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

     

    "Business
Day" means a day on which the New York Stock Exchange is open for securities
trading.

     

    "Change
in Control" shall mean a change in control of a nature that would be required to
be reported in response to Item 6(e) of Schedule 14A of Regulation 14A
under the Securities Exchange Act of 1934 ("1934 Act") as in effect on
January 1, 1999, 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 1934 Act), is or becomes the "beneficial
owner" (as defined in Rule 13d-3 under the 1934 Act as in effect on
January 1, 1999) 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 (2) consecutive years or less,
individuals who at the beginning of such period constituted the Board of
Directors 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 shareowners of the Company approve any merger or consolidation as
a result of which the KO Common Stock (as defined below) 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 shareowners of
the Company approve any merger or consolidation to which the Company is a party
as a result of which the persons who were shareowners 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 

     

     

     

    
      
         

      

      
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    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.

     

    "Committee" means a committee appointed by the Board of
Directors in accordance with the Company's By-Laws from among its
members.

     

    "Disabled"
or "Disability" means a condition for which an optionee becomes eligible for a
disability benefit under the long term disability insurance policy issued to the
Company providing Basic Long Term Disability Insurance benefits pursuant to The
Coca-Cola Company Health and Welfare Benefits Plan, or under any other long term
disability plan which hereafter may be maintained by the Company, whether or not
the optionee is covered by such plans.

     

    "ISO"
means an incentive stock option within the meaning of Section 422 of the
Internal Revenue Code of 1986, as amended.

     

    "KO
Common Stock" means The Coca-Cola Company Common Stock, par value $.25 per
share.

     

    "Majority-Owned
Related Company" means a Related Company in which the Company owns, directly or
indirectly, 50% or more of the voting stock or capital on the date an Option is
granted.

     

    "NSO"
means a stock option that does not constitute an ISO.

     

    "Options"
means ISOs and NSOs granted under this Plan.

     

    "Related
Company" or "Related Companies" means corporation(s) or other business
organization(s) in which the Company owns, directly or indirectly, 20% or more
of the voting stock or capital at the relevant time.

     

    ”Years of
Service” means “Years of Vesting Service” as that term is defined in the
Employee Retirement Plan of The Coca-Cola Company.

     

    Section 3.
Options

     

            The
Company may grant ISOs and NSOs to those persons meeting the eligibility
requirements in Section 6(a) and NSOs to those persons meeting the
eligibility requirements in Sections 6(b) and 6(c).

     

    Section 4.
Administration

     

            The
Plan shall be administered by the Committee. No person, other than members of
the Committee, shall have any discretion concerning decisions regarding the
Plan. The Committee shall determine the key employees of the Company and its
Related Companies (including officers, whether 

     

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

     

    or not
they are directors) and consultants to whom, and the time or times at which,
Options will be granted; the number of shares to be subject to each Option; the
duration of each Option; the time or times within which the Option may be
exercised; the cancellation of the Option (with the consent of the holder
thereof); and the other conditions of the grant of the Option, at grant or while
outstanding, pursuant to the terms of the Plan. The provisions and conditions of
the Options need not be the same with respect to each optionee or with respect
to each Option.

     

            The
Committee may, subject to the provisions of the Plan, establish such rules and
regulations as it deems necessary or advisable for the proper administration of
the Plan, and may make determinations and may take such other action in
connection with or in relation to the Plan as it deems necessary or advisable. Each determination or other action
made or taken pursuant to the Plan, including interpretation of the Plan and the
specific conditions and provisions of the Options granted hereunder by the
Committee, shall be final and conclusive for all purposes and upon all persons
including, but without limitation, the Company, its Related Companies, the
Committee, the Board, officers and the affected employees and consultants to the
Company and/or its Related Companies, optionees and the respective successors in
interest of any of the foregoing.

     

    Section 5.
Stock

     

    (a)  The KO
Common Stock to be issued, transferred and/or sold under the Plan shall be made
available from authorized and unissued KO Common Stock or from the Company's
treasury shares. The total number of shares of KO Common Stock that may be
issued or transferred under the Plan pursuant to Options granted thereunder may
not exceed 120,000,000 shares (subject to adjustment as described below). Such
number of shares shall be subject to adjustment in accordance with
Section 5 and Section 11.

    

    (b)  Shares
Counted Against Limitation.  If an  Option is exercised by
delivery, sale or attestation of  Shares of KO Common Stock under
Section 7, or if the tax withholding obligation is satisfied by withholding or
selling Shares of KO Common Stock under Section 7, the number of Shares of KO
Common Stock deemed to have been issued under the Plan (for purposes of the
limitation set forth in this section) shall be the number of Shares of KO Common
Stock that were subject to the Option or portion thereof so exercised and not
the net number of Shares of KO Common Stock actually issued upon such
exercise.

    

    (c)  Lapsed
Awards.  If an Option: (i) expires; (ii) is terminated, surrendered,
or canceled without having been exercised in full; or (iii) is otherwise
forfeited in whole or in part, then the unissued Shares of KO Common Stock that
were subject to such Option and/or such surrendered, canceled, or forfeited
Shares of KO Common Stock shall become available for future grant under the
Plan.

     

    Section 6.
Eligibility

     

            Options
may be granted to:

     

    (a)    
employees of the Company and its Majority-Owned Related Companies,

     

     

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    
 

    (b)    
particular employee(s) of a Related Company, who within the past eighteen
(18) months were employee(s) of the Company or a Majority-Owned Related
Company, and in rare instances to be determined by the Committee in its sole
discretion, employees of a Related Company who have not been employees of the
Company or a Majority-Owned Related Company within the past eighteen
(18) months, and

    

    (c)    
consultants providing key services to the Company or its Related Companies
(provided that consultants are natural persons and are not former employees of
the Company or any Related Company, and that consultants shall be eligible to
receive only NSOs and shall not be eligible to receive ISOs).

     

           
Effective January 1, 2008, Options may not be granted to any individual
described in Section 6(b) or 6(c).   No person shall be granted
the right to acquire, pursuant to Options granted under the Plan, more than 5%
of the aggregate number of shares of KO Common Stock originally authorized under
the Plan, as adjusted pursuant to Section 11.

     

    Section 7.
Awards of Options

     

            Except
as otherwise specifically provided in this Plan, Options granted pursuant to the
Plan shall be subject to the following terms and conditions:

     

    (a)  
 Option Price. The Option price shall be no less than 100% of the fair
market value of the KO Common Stock on the date of grant. The fair market value
of a share of KO Common Stock shall be the average of the high and low market
prices at which a share of KO Common Stock shall have been sold on the date of
grant, or on the next preceding trading day if such date was not a trading date,
as reported on the New York Stock Exchange Composite Transactions
listing.

     

    (b)   
Payment of Option Price. The Option price shall be paid in full at the time of
exercise, except as provided in the next sentence. If an exercise is executed by
Merrill Lynch, Pierce, Fenner & Smith using the cashless method, the
exercise price shall be paid in full no later than the close of business on the
third Business Day following the exercise.

     

    Payment
may be in cash or, upon conditions established by the Committee, by delivery of
shares of KO Common Stock owned for at least six (6) months by the optionee
prior to the date of exercise.

     

    The
optionee, if a U.S. taxpayer, may elect to satisfy Federal, state and local
income tax liabilities due by reason of the exercise by the withholding of
shares of KO Common Stock.

     

    If shares
are delivered to pay the Option price or if shares are withheld for U.S.
taxpayers to satisfy such tax liabilities, the value of the shares delivered or
withheld shall be computed on the basis of the reported market price at which a
share of KO Common Stock most recently traded prior to the time the exercise
order was processed. Such price will be determined by reference to the New York
Stock Exchange Composite Transactions listing.

     

     

    
      
        4

      

      
         

        
          

        

      

      
         

      

    

     

     

    (c)   Exercise
May Be Delayed until Withholding is Satisfied. The Company may refuse to
recognize the exercise an Option if the optionee has not made arrangements
satisfactory to the Company to satisfy the tax withholding which the Company
determines is necessary to comply with applicable requirements.

     

    (d)   Duration
of Options. The duration of Options shall be determined by the Committee, but in
no event shall the duration of an Option exceed ten years from the date of its
grant.

     

    (e)   Vesting.
Options shall contain such vesting terms as are determined by the Committee, at
its sole discretion, including, without limitation, vesting upon the achievement
of certain specified performance targets. In the event that no vesting
determination is made by the Committee, Options shall vest as follows:
(1) 25% on the first anniversary of the date of the grant; (2) 25% on
the second anniversary of the date of the grant; (3) 25% on the third
anniversary of the date of the grant; and (4) 25% on the fourth anniversary
of the date of the grant.

     

    (f)    Other
Terms and Conditions. Options may contain such other provisions, not
inconsistent with the provisions of the Plan, as the Committee shall determine
appropriate from time to time, including vesting provisions; provided, however,
that, except in the event of a Change in Control or the Disability or death of
the optionee, no grant shall provide that an Option shall be exercisable in
whole or in part for a period of twelve (12) months from the date on which
the Option is granted. The grant of an Option to any employee shall not affect
in any way the right of the Company and any Related Company to terminate the
employment of such employee. The grant of an Option to any consultant shall not
affect in any way the right of the Company and any Related Company to terminate
the services of such consultant.

     

    (g)   ISOs.
The Committee, with respect to each grant of an Option to an optionee, shall
determine whether such Option shall be an ISO, and, upon determining that an
Option shall be an ISO, shall designate it as such in the written instrument
evidencing such Option. If the written instrument evidencing an Option does not
contain a designation that it is an ISO, it shall not be an ISO.

     

    The
aggregate fair market value (determined in each instance on the date on which an
ISO is granted) of the KO Common Stock with respect to which ISOs are first
exercisable by any optionee in any calendar year shall not exceed $100,000 for
such optionee (or such other time limit as may be required by the Internal
Revenue Code of 1986, as amended). If any subsidiary or Majority-Owned Related
Company of the Company shall adopt a stock option plan under which Options
constituting ISOs may be granted, the fair market value of the stock on which
any such incentive stock options are granted and the times at which such
incentive stock options will first become exercisable shall be taken into
account in determining the maximum amount of ISOs which may be granted to the
optionee under this Plan in any calendar year.

     

    Section 8.
Nontransferability of Options

     

            No
Option granted pursuant to the Plan shall be transferable otherwise than by will
or by the laws of descent and distribution. During the lifetime of an optionee,
the Option shall be exercisable only by the optionee personally or by the
optionee's legal representative.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    Section 9.
Effect of Termination of Employment, Other Changes of Employment or Employer
Status, Death, or a Change in Control

     

    (a)   For
Employees. For optionees who are employees of the Company or its Related
Companies on the date of grant, the following provisions shall
apply:

     

    
      	
              Event

               

            	 
      	
              Impact
      on Vesting

               

            	 
      	
              Impact
      on Exercise Period

               

            
	
              Employment
      terminates upon Disability

            	 
      	
              All
      Options become immediately vested

            	 
      	
              Option
      expiration date provided in grant continues to apply

            
	
              Employment
      terminates after attaining age 60 and completing 10 Years of
      Service

            	 
      	
              Option
      held at least 12 full calendar months become immediately vested;
      Options held less than 12 full calendar months are
      forfeited

            	 
      	
              Option
      expiration date provided in grant continues to apply

            
	
              Employment
      terminates upon death

            	 
      	
              All
      Options become immediately vested

            	 
      	
              Right
      of executor, administrator of estate (or other transferee permitted by
      Section 8) terminates on earlier of (1) 5 years from the date of
      death, or (2) the expiration date provided in the
    Option

            
	
              Employment
      terminates upon Change in Control

            	 
      	
              All
      Options become immediately vested

            	 
      	
              Option
      expiration date provided in grant continues to apply

            
	 
      	 
      	 
      	 
      	 
      
	
              Termination
      of employment for any other reason.

            	 
      	
              Unvested
      Options are forfeited

            	 
      	
              Expires
      upon earlier of 6 months from termination date or Option expiration
      date provided in grant

            
	
              US
      military leave

            	 
      	
              Vesting
      continues during leave

            	 
      	
              Option
      expiration date provided in grant continues to apply

            
	
              Eleemosynary
      service

            	 
      	
              Committee's
      discretion

            	 
      	
              Committee's
      discretion

            
	
              US
      FMLA leave of absence

            	 
      	
              Vesting
      continues during leave

            	 
      	
              Option
      expiration date provided in grant continues to apply

            
	
              Company
      investment in optionees employer falls under 20% (this constitutes a
      termination of employment under the Plan, effective the date the
      investment falls below 20%)

            	 
      	
              Unvested
      Options are forfeited

            	 
      	
              Expires
      upon earlier of 6 months from termination date or Option expiration
      date provided in grant

            
	
              OR

            	 
      	 
      	 
      	 
      
	
              employment
      is transferred to an entity in which the Company's ownership interest is
      less than 20%

            	 
      	 
      	 
      	 
      
	
              Employment
      transferred to Related Company

            	 
      	
              Vesting
      continues after transfer

            	 
      	
              Option
      expiration date provided in grant continues to apply

            
	
              Death
      after employment has terminated but before Option has expired (note that
      termination of employment may have resulted in a change to the original
      Option expiration date provided in the grant)

            	 
      	
              Not
      applicable

            	 
      	
              Right
      of executor, administrator of estate (or other transferee permitted by
      Section 8) terminates on earlier of (1) 5 years from the date of
      death, or (2) the Option expiration that applied at the date of death
      (note that termination of employment may have resulted in a change to the
      original Option expiration date provided in the
  grant)

            

    

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     In
the case of other leaves of absence not specified above, optionees will be
deemed to have terminated employment (so that Options unvested will expire and
the Option exercise period will end on the earlier of 6 months from the
date the leave began or the Option expiration date provided in the grant),
unless the Committee identifies a valid business interest in doing otherwise in
which case it may specify what provisions it deems appropriate in its sole
discretion; provided that the Committee shall have no obligation to consider any
such matters.

     

     

     (b)   For
Consultants. For optionees who are consultants, the provisions relating to
changes of work assignment, death, disability, Change in Control, or any other
provision of an Option shall be determined by the Committee at the date of the
grant.

     

     

    (c)   Committee
Retains Discretion To Establish Different Terms Than Those Provided in Sections
9(a) or 9(b). Notwithstanding the foregoing provisions, the Committee may, in
its sole discretion, establish different terms and conditions pertaining to the
effect of an optionee's termination on the expiration or exercisability of
Options at the time of grant or (with the consent of the affected optionee) on
the expiration or exercisability of outstanding Options. However, no Option can
have a term of more than fifteen years.

     

    
      Section 10.
No Rights as a Shareowner

    

     

            An
optionee or a transferee of an optionee pursuant to Section 8 shall have no
right as a shareowner with respect to any KO Common Stock covered by an Option
or receivable upon the exercise of an Option until the optionee or transferee
shall have become the holder of record of such KO Common Stock, and no
adjustments shall be made for dividends in cash or other property or other
distributions or rights in respect to such KO Common Stock for which the record
date is prior to the 

     

     

     

    
      
        7

      

      
         

        
          

        

      

      
         

      

    

     

    date on which the optionee or transferee shall have in fact
become the holder of record of the share of KO Common Stock acquired pursuant to
the Option.

     

    Section 11.
Adjustment in the Number of Shares and in Option Price

     

            In
the event there is any change in the shares of KO Common Stock through the
declaration of stock dividends, or stock splits or through recapitalization or
merger or consolidation or combination of shares or spin-offs or otherwise, the
Committee or the Board shall make an appropriate adjustment in the number of
shares of KO Common Stock available for Options as well as the number of shares
of KO Common Stock subject to any outstanding Option and the Option price or
exercise price thereof. Any such adjustment may provide for the elimination of
any fractional shares which might otherwise become subject to any Option without
payment therefor.

     

    Section 12.
Amendments, Modifications and Termination of the Plan

     

            The
Board or the Committee may terminate the Plan at any time. From time to time,
the Board or the Committee may suspend the Plan, in whole or in part. From time
to time, the Board or the Committee may amend the Plan, in whole or in part,
including the adoption of amendments deemed necessary or desirable to qualify
the Options under the laws of various countries (including tax laws) and under
rules and regulations promulgated by the Securities and Exchange Commission with
respect to optionees who are subject to the provisions of Section 16 of the
1934 Act, or to correct any defect or supply an omission or reconcile any
inconsistency in the Plan or in any Option granted thereunder, or for any other
purpose or to any effect permitted by applicable laws and regulations, without
the approval of the shareowners of the Company. However, in no event may
additional shares of KO Common Stock be allocated to the Plan or any outstanding
option be repriced or replaced without share-owner approval. Without limiting
the foregoing, the Board of Directors or the Committee may make amendments
applicable or inapplicable only to participants who are subject to
Section 16 of the 1934 Act.

     

            No
amendment or termination or modification of the Plan shall in any manner affect
any Option theretofore granted without the consent of the optionee, except that
the Committee may amend or modify the Plan in a manner that does affect Options
theretofore granted upon a finding by the Committee that such amendment or
modification is in the best interest of holders of outstanding Options affected
thereby. Grants of ISOs may be made under this Plan until February 18, 2009
or such earlier date as this Plan is terminated, and grants of NSOs may be made
until all of the 120,000,000 shares of KO Common Stock authorized for issuance
hereunder (adjusted as provided in Sections 5 and 11) have been issued or
until this Plan is terminated, whichever first occurs. The Plan shall terminate
when there are no longer Options outstanding under the Plan, unless earlier
terminated by the Board or by the Committee.

     

    Section 13.
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

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