Document:

Exhibit 10.1  

FTD, INC.  

 FIRST AMENDMENT

TO FIRST AMENDED AND RESTATED CREDIT AGREEMENT  

        This FIRST AMENDMENT TO FIRST AMENDED AND RESTATED CREDIT AGREEMENT (this
"Amendment") is dated as of February 20, 2007 and entered into by and among FTD, INC., a Delaware
corporation, as borrower ("Company"), THE LENDERS LISTED ON THE SIGNATURE PAGES HEREOF
("Lenders"), WELLS FARGO BANK, N.A. ("Wells Fargo"), as administrative agent for Lenders (in such
capacity, "Administrative Agent"), MIZUHO CORPORATE BANK, LTD. and ING
CAPITAL LLC as co-syndication agents for Lenders (in such capacity, "Co-Syndication Agents"), and  BMO CAPITAL MARKETS as
documentation agent for Lenders (in such capacity, "Documentation Agent"), and is
made with reference to that certain First Amended and Restated Credit Agreement dated as of August 7, 2006 (the "Credit Agreement"), by and among
Company, Lenders, Administrative Agent, Co-Syndication Agents and Documentation Agent. Capitalized terms used herein without definition shall have the same meanings herein as set forth in
the Credit Agreement. 

RECITALS  

        WHEREAS, Company and Lenders desire to amend the Credit Agreement to permit Company to make certain Restricted
Junior Payments to Holdings as set forth below: 

        NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree
as follows: 

 Section 1.    AMENDMENTS TO THE CREDIT AGREEMENT  

1.1   Amendments to Section 7: Company's Negative Covenants  

        Subsection 7.5 of the Credit Agreement is hereby amended by deleting it in its entirety and substituting the following therefor: 

        "7.5 Restricted Junior Payments.

        Company
shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted Junior Payment;  provided that (i) Company may
make regularly scheduled payments of interest in respect of any Subordinated Indebtedness in accordance with the
terms of, and only to the extent required by, and subject to the subordination provisions contained in, the indenture or other agreement pursuant to which such Subordinated Indebtedness was issued, as
such indenture or other agreement may be amended from time to time to the extent not prohibited under subsection 7.12B, (ii) Company may make all payments necessary in connection with the
Acquisition, (iii) in the case of clauses (a), (c), (d), (e), (f) and (g) below, so long as no Event of Default shall have occurred and be continuing or shall be caused thereby,
Company may make Restricted Junior Payments to Holdings (a) in an aggregate amount not to exceed $3,000,000 in any Fiscal Year to the extent necessary to permit Holdings to pay general
administrative costs and expenses, (b) to the extent necessary to permit Holdings (or an Affiliate of Holdings) to discharge the consolidated, combined or other group tax liabilities of
Holdings and its Subsidiaries, in each case so long as Holdings (or an Affiliate of Holdings) applies the amount of any such Restricted Junior Payment for such purpose, (c) for repurchases of
Capital Stock from employees of Company or any of its Subsidiaries, FTD-member florists, distributors or directors (or their heirs or estates) of Holdings, Company or any Subsidiary of
Company upon the death, disability or termination of employment (or termination of membership or distribution, in the case of a FTD-member florist or distributor);  provided that such repurchases are
made with the proceeds of such Restricted Junior Payments within three Business Days of the payment of such
Restricted Junior Payments, (d) to make payments of cash, in lieu of 

 

the
issuance of fractional shares upon the exercise of warrants or upon the conversion or exchange of, or issuance of Capital Stock in lieu of cash dividends on any Capital Stock of Holdings, provided
that the aggregate amount of Restricted Junior Payments made after the Closing Date pursuant to this clause (d) and clause (c) above shall not exceed $7,500,000, (e) for other
repurchases of Capital Stock of Holdings in an aggregate amount not to exceed $30,000,000 made from and after the Closing Date; provided that after giving pro forma effect to any such Restricted
Junior Payments and repurchases (A) the Consolidated Leverage Ratio as of the last day of the Fiscal Quarter immediately preceding the date of any such Restricted Junior Payment is less than
4.00:1.00 and (B) the excess of the aggregate Revolving Loan Commitments over the Total Utilization of Revolving Loan Commitments as of the date of any such Restricted Junior Payment is at
least $20,000,000; provided further that, such repurchases are made with the proceeds of the applicable Restricted Junior Payments within three Business Days of the payment of such Restricted Junior
Payments, (f) to allow Holdings to pay principal and interest on the Holdings Loan Notes, and (g) in addition to the Restricted Junior Payments permitted by the other clauses of this
subsection, in an aggregate amount in any Fiscal Year not to exceed the amount set forth in the table below under Maximum Restricted Junior Payment for each applicable Fiscal Year;  provided that if the
aggregate amount of all Restricted Junior Payments made under this clause (g) in any Fiscal Year is less than the Maximum
Restricted Junior Payment for such year, then the Maximum Restricted Junior Payment for the next Fiscal Year shall be increased by the amount not utilized in the previous Fiscal Year (subject to a cap
of $5,000,000 for each Fiscal Year, and giving effect to any adjustments in accordance with this proviso) and, for the avoidance of doubt, any such increase rolled over from the previous Fiscal Year
shall be taken into account when calculating the aggregate amount of all Restricted Junior Payments made under this clause (g) in that next Fiscal Year;  provided further that after giving pro forma
effect to any such Restricted Junior Payments (A) the Consolidated Leverage Ratio as of the last day
of the Fiscal Quarter immediately preceding the date of the declaration of any such Restricted Junior Payment is less than 4.50:1.00 and (B) the excess of the aggregate Revolving Loan
Commitments over the Total Utilization of Revolving Loan Commitments as of the date of the declaration of any such Restricted Junior Payment is at least $15,000,000. 

	 
	 	Fiscal Year
	 	Maximum Restricted

Junior Payment
	 	 

	 	 	2007	 	$11,000,000	 	 
	

 	
 	

2008	
 	

$22,000,000	
 	

 
	

 	
 	

2009	
 	

$25,000,000	
 	

 
	

 	
 	

2010	
 	

$28,000,000	
 	

 
	

 	
 	

2011 and thereafter	
 	

$31,000,000;	
 	

 

(iv)
Company may purchase Capital Stock of Holdings in a purchase deemed to occur upon the exercise of stock options, warrants or other convertible securities to the extent such Capital Stock
represents a portion of the exercise price thereof and (v) Company may purchase or redeem the Subordinated Notes using the proceeds from a Public Offering of Stock to the extent the gross
proceeds from such Public Offering of Stock aggregate no less than $50,000,000 and are not otherwise required to be applied as a mandatory prepayment pursuant to subsection 2.4B(iii)(c), provided that
(a) the Consolidated Leverage Ratio (calculated to give pro forma effect to any mandatory prepayment that will be made using the proceeds from such Public Offering of Stock) as of the last day
of the Fiscal Quarter immediately preceding the date such proceeds are received is less than 3.50:1.00, (b) the excess of the Revolving Loan Commitment Amount over the Total Utilization of
Revolving Loan Commitments on the date immediately proceeding the closing of such Public Offering of 

2

 

Stock
is at least $15,000,000 and (c) Administrative Agent shall have received an Officer's Certificate setting forth the calculation of the Consolidated Leverage Ratio required by the
foregoing clause (a) and setting forth the availability of Revolving Loans as required by the foregoing clause (b). The provisions of this subsection 7.5 shall not be breached by the
payment of any Restricted Junior Payment to Holdings for the purposes of Holdings making any dividend payment under clause (g) to its common stockholders within 60 days after the
declaration of the dividend by Holdings, if at such date of declaration, the making of such Restricted Junior Payment by the Company would not have been in violation of this subsection." 

1.2   Amendments to Section 8: Events of Default  

        Subsection 8.13 of the Credit Agreement is hereby amended by deleting it in its entirety and substituting the following therefor: 

        "8.13    Conduct of Business By Holdings.

        Holdings
(i) engages in any business other than entering into and performing its obligations under and in accordance with the Loan Documents and Related Agreements to which it is
a party or (ii) owns any assets other than (a) the Capital Stock of Company and (b) Cash and Cash Equivalents in an amount not to exceed $5,000,000 at any one time for the purpose
of paying general operating expenses of
Holdings (for the avoidance of doubt, the declaration of Restricted Junior Payments pursuant to subsection 7.5(iii)(g) herein does not constitute an Event of Default under this Section 8.13) or
(iii) has any Indebtedness or other liability in respect of Indebtedness or any material Contractual Obligation other than its obligations under the Holdings Guaranty or any of the Related
Agreements; or" 

 Section 2.    CONDITIONS TO EFFECTIVENESS  

        Section 1 of this Amendment shall become effective only upon the satisfaction of all of the following conditions precedent (the date of satisfaction of
such conditions being referred to herein as the "First Amendment Effective Date"): 

        A.    On or before the First Amendment Effective Date, Company shall deliver to Administrative Agent for Lenders the following,
each, unless otherwise noted, dated the First Amendment Effective Date: 

        1.     Resolutions
of its Board of Directors approving and authorizing the execution, delivery, and performance of this Amendment, certified as of the First Amendment Effective
Date by its corporate secretary or an assistant secretary as being in full force and effect without modification or amendment; 

        2.     Executed
copies of this Amendment; and 

        3.     An
amendment fee for the account of each Lender that executed this Amendment by 5:00 P.M. New York City time on February 15, 2007, equal to 0.075% of the
combined Revolving Loan Exposure and Term Loan Exposure of such Lender prior to the effectiveness of this Amendment; provided that, this fee shall become due and payable only if this Amendment is
executed and delivered by Requisite Lenders. 

        B.    On or before the First Amendment Effective Date, all corporate and other proceedings taken or to be taken in connection
with the transactions contemplated hereby and all documents incidental thereto not previously found acceptable by Administrative Agent, acting on behalf of Lenders, and its counsel shall be
satisfactory in form and substance to Agent and such counsel, and Agent and such 

3

 

counsel
shall have received all such counterpart originals or certified copies of such documents as Administrative Agent may reasonably request. 

 Section 3.    COMPANY'S REPRESENTATIONS AND WARRANTIES  

        In order to induce Lenders to enter into this Amendment and to amend the Credit Agreement in the manner provided herein, Company represents and warrants to each
Lender that the following statements are true, correct and complete: 

        A.    Corporate Power and Authority.    Company has all requisite corporate power and authority to enter into this
Amendment and to carry out the transactions contemplated by, and perform its obligations under, the Credit Agreement as amended by this Amendment (the "Amended
Agreement"). 

        B.    Authorization of Agreements.    The execution and delivery of this Amendment and the performance of the Amended
Agreement have been duly authorized by all necessary corporate action on the part of Company. 

        C.    No Conflict.    The execution and delivery by Company of this Amendment and the performance by Company of the
Amended Agreement do not and will not (i) violate any provision of any law or any governmental rule or regulation applicable to Company or any of its Subsidiaries, the Certificate or Articles
of Incorporation or Bylaws of Company or any of its Subsidiaries or any order, judgment or decree of any court or other agency of government binding on Company or any of its Subsidiaries,
(ii) conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any Contractual Obligation of Company or any of its Subsidiaries,
(iii) result in or require the creation or imposition of any Lien upon any of the properties or assets of Company or any of its Subsidiaries (other than Liens created under any of the Loan
Documents in favor of Administrative Agent on behalf of Lenders), or (iv) require any approval of stockholders or any approval or consent of any Person under any Contractual Obligation of
Company or any of its Subsidiaries. 

        D.    Governmental Consents.    The execution and delivery by Company of this Amendment and the performance by Company
of the Amended Agreement do not and will not require any registration with, consent or approval of, or notice to, or other action to, with or by, any federal, state or other governmental authority or
regulatory body. 

        E.    Binding Obligation.    This Amendment has been duly executed and delivered by Company and this Amendment and the
Amended Agreement are the legally valid and binding obligations of Company, enforceable against Company in accordance with their respective terms, except as may be limited by bankruptcy, insolvency,
reorganization, moratorium or similar laws relating to or limiting creditors' rights generally or by equitable principles relating to enforceability. 

        F.     Incorporation of Representations and Warranties From Credit Agreement.    The representations and warranties
contained in Section 5 of the Credit Agreement are and will be true, correct and complete in all material respects on and as of the First Amendment Effective Date to the same extent as though
made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case they were true, correct and complete in all material
respects on and as of such earlier date. 

        G.    Absence of Default.    No event has occurred and is continuing or will result from the consummation of the
transactions contemplated by this Amendment that would constitute an Event of Default or a Potential Event of Default. 

 Section 4.    MISCELLANEOUS  

        A.    Reference to and Effect on the Credit Agreement and the Other Loan Documents.

4

 

        (i)    On
and after the First Amendment Effective Date, each reference in the Credit Agreement to "this Agreement", "hereunder", "hereof", "herein" or words of like import
referring to the Credit Agreement, and each reference in the other Loan Documents to the "Credit Agreement", "thereunder", "thereof" or words of like import referring to the Credit Agreement shall
mean and be a reference to the Amended Agreement. 

        (ii)   Except
as specifically amended by this Amendment, the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified and
confirmed. 

        (iii)  The
execution, delivery and performance of this Amendment shall not, except as expressly provided herein, constitute a waiver of any provision of, or operate as a
waiver of any right, power or remedy of Agent or any Lender under, the Credit Agreement or any of the other Loan Documents. 

        B.    Fees and Expenses.    Company acknowledges that all costs, fees and expenses as described in subsection 10.2 of
the Credit Agreement incurred by Administrative Agent and its counsel with respect to this Amendment and the documents and transactions contemplated hereby shall be for the account of Company. 

        C.    Headings.    Section and subsection headings in this Amendment are included herein for convenience of reference
only and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect. 

        D.    Applicable Law.    THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY,
AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING WITHOUT LIMITATION SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE
OF NEW YORK), WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES. 

        E.    Counterparts; Effectiveness.    This Amendment may be executed in any number of counterparts and by different
parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument;
signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are physically attached to the same document. This Amendment (other
than the provisions of Section 1 hereof, the effectiveness of which is governed by Section 2 hereof) shall become effective upon the execution of a counterpart hereof by Company and
Requisite Lenders and receipt by Company and Administrative Agent of written or telephonic notification of such execution and authorization of delivery thereof. 

[The
remainder of page intentionally left blank.] 

5

   
        IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective officers thereunto
duly authorized as of the date first written above. 

	 	 	FTD, INC.
	

 	
 	
By:	

/s/  MICHAEL J. SOENEN      

	 	 	Name	Michael J. Soenen

	 	 	Title:	President

	

 	
 	

Notice Address:
	

 	
 	

3113 Woodcreek Drive

Downers Grove, DuPage County, Illinois 60515

Attention: Jon R. Burney

Facsimile: (630) 719 6183

S-1

 

	 	 	WELLS FARGO BANK, N.A., individually as a Lender and as Administrative Agent
	

 	
 	

By:	

/s/  DAVID HEMENWAY      

	 	 	Name:	David Hemenway

	 	 	Title:	Vice President

	

 	
 	

Notice Address:
	

 	
 	

201 Third Street, Eighth Floor, MAC A0187-081

San Francisco, California 94103

Attention: Vince Loomis

Facsimile: 415-512-7059

S-2

 

	 	 	WELLS FARGO BANK, N.A., as agent for Requisite Lenders
	

 	
 	

By:	

/s/  DAVID HEMENWAY      

	 	 	Name:	David Hemenway

	 	 	Title:	Vice President

	

 	
 	

Notice Address:
	

 	
 	

201 Third Street, Eighth Floor, MAC A0187-081

San Francisco, California 94103

Attention: Vince Loomis

Facsimile: 415-512-7059

S-3

 

	 	 	MIZUHO CORPORATE BANK, LTD., as Co-Syndication Agent
	

 	
 	

By:	

/s/  JAMES R. FAYEN      

	 	 	Name:	James R. Fayen

	 	 	Title:	Deputy General Manager

	

 	
 	

Notice Address:
	

 	
 	

1251 Avenue of the Americas

32nd Floor

New York, NY 10020

Attention: John W. Bishop

Email: john.bishop@mizuhocbus.com

S-4

 

	 	 	ING CAPITAL LLC, as Co-Syndication Agent
	

 	
 	

By:	

/s/  KHURSHEED SORABJEE      

	 	 	Name:	Khursheed Sorabjee

	 	 	Title:	Vice President

	

 	
 	

Notice Address:
	

 	
 	

1325 Avenue of the Americas

New York, NY 10019

Attention: David Garlasco

Facsimile: 646-424-8256

S-5

 

	 	 	BMO CAPITAL MARKETS FINANCING, INC., as Documentation Agent
	

 	
 	

By:	

/s/  KAREN KNUDSEN      

	 	 	Name:	Karen Knudsen

	 	 	Title:	Managing Director

	

 	
 	

Notice Address:
	

 	
 	

111 W. Monroe Street

10th Floor Center

Chicago, IL 60603

Attention: Juan R. Ramirez

Facsimile: 312- 293-5041

Email: juan.ramirez@bmo.com

S-6

	 	 	[LENDER]
	

 	
 	

By:	

 
	 	 	 	

	 	 	Name:	 
	 	 	 	

	 	 	Title:	 
	 	 	 	

	

 	
 	

Notice Address:QuickLinks
 -- Click here to rapidly navigate through this document
  

EXHIBIT 10.3  

 
 

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

I. Plan Objective  

        The purpose of the Performance Incentive Plan of The Coca-Cola Company is to promote the interests of The Coca-Cola Company (the
"Company") by providing additional incentive for participating officers and other employees who contribute to the improvement of operating results of the Company and to reward outstanding performance
on the part of those individuals whose decisions and actions most significantly affect the growth and profitability and efficient operation of the Company. 

        The
Company intends for the Awards payable to certain Executive Officers under this Plan to be performance-based compensation under Code Section 162(m). 

II. Definitions  

        The terms used herein will have the following meanings: 

        "Award"
means an amount calculated and awarded under the Plan to a Participant. 

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

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

        "Company"
means The Coca-Cola Company. 

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

        "Employee"
means any person regularly employed on a full-time or part-time basis by the Company or a Related Company. 

        "Executive
Officer" means any Employee whose compensation is within the purview of the Compensation Committee pursuant to the Compensation Committee's practices and policies. 

        "Management
Committee" means the committee appointed by the Compensation Committee to administer the Plan. 

        "Participant"
means an Employee who satisfies the eligibility requirements set forth in Section IV of the Plan. 

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

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

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

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

1

 

        "SAR"
means stock appreciation rights granted under this Plan. An SAR entitles the Participant to receive, in KO Common Stock, value equal to the excess of: a) the fair market
value of a specified number of shares of KO Common Stock at the time of exercise; over b) an exercise price established by the Compensation Committee. 

III. Administration  

        The Plan will be administered by the Compensation Committee and/or the Management Committee. No person, other than members of these committees, shall have any
discretion concerning decisions regarding the Plan. The Compensation Committee and/or the Management Committee, in its sole discretion, will determine which of the Participants to whom, and the time
or times at which, Awards will be granted under the Plan, and the other conditions of the grant of the Awards. The provisions and conditions of the grants of Awards need not be the same with respect
to each grantee or with respect to each Award. 

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

IV. Eligibility and Participation  

        a.     Eligibility.    Eligibility for participation in the Plan is limited to those
Employees who can make an appreciable contribution to the attainment of overall business objectives of the operating unit for which they work as determined in the sole discretion of the Compensation
Committee or the Management Committee. An Employee is eligible to participate in the Plan if 1) the Employee is compensated in an amount at least equal to the minimum salary grade guideline
established annually by the Management Committee, and 2) the Employee is recommended for participation in the Plan by his or her immediate superior and is approved for such participation by the
operating head of the Employee's unit. 

        The
fact that an Employee is eligible to participate in the Plan in one Plan Year does not assure that the Employee will be eligible to participate in any subsequent year. The fact that
an Employee is eligible to participate in the Plan for any Plan Year does not mean that the Employee will receive an Award in any Plan Year. The Management Committee will determine an Employee's
eligibility for participation in the Plan from time to time prior to or during each Plan Year. 

        b.     Participation.    In the case of Executive Officers, generally, the Compensation
Committee annually will select the Participants no later than 90 days after the beginning of a Performance Period (or, if shorter, before 25% of the Performance Period has elapsed) in
accordance with Code Section 162(m). Following such selection by the Compensation Committee, the Participants will be advised they are participants in the Plan for a Performance Period. 

V. Performance Criteria and Performance Goals  

        a.     Performance Criteria.    Performance will be measured based upon one or more
objective criteria for each Performance Period. Criteria will be measured over the Performance Period. Within 90 days of the beginning of a Performance Period (or, if shorter, before 25% of the
Performance 

2

 

Period
has elapsed), the Compensation Committee shall specify in writing which of the following criteria will apply during such Performance Period, as well as any applicable matrices, schedules, or
formulae applicable to weighting of such criteria in determining performance: 

	•
	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;

	•
	gross
profit; and

	•
	profit
before tax. 

        b.     Performance Goals.    Using any applicable matrices, schedules, or formulae
applicable to weighting of the performance criteria, the Compensation Committee will develop, in writing, performance goals for the Participants for a Performance Period, no later than 90 days
of the start of the Performance Period (or, if shorter, before 25% of the Performance Period has elapsed) in which they would apply. The Compensation Committee shall have the right to use different
performance criteria for different Participants. When the Compensation Committee sets the performance goals for a Participant, the Compensation Committee shall establish the general, objective rules
which will be used to determine the extent, if any, that a Participant's performance goals have been met and the specific, objective rules, if any, regarding any exceptions to the use of such general
rules, and any such specific, objective rules may be designed as the Compensation Committee deems appropriate to take into account any extraordinary or one-time or other
non-recurring items of income or expense or gain or loss or any events, transactions or other circumstances that the Compensation Committee deems 

3

 

relevant
in light of the nature of the performance goals set for the Participant or the assumptions made by the Compensation Committee regarding such goals. 

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

VI. Awards  

        An Award to a Participant will be based on a percentage of the Participant's base salary and shall be established by the Compensation Committee or the Management
Committee. The percentage of base salary which constitutes an Award will increase as salary grade or level of responsibility increases. 

        The
Compensation Committee or the Management Committee shall, in each of their respective sole discretion, adjust the Award for each Participant based upon that Participant's over
achievement or under achievement in terms of his or her individual performance and the performance of the Participant's operating unit during the Plan Year. 

        An
Employee who is selected as a Participant after the beginning of a Plan Year or a Participant who retires or who dies prior to the end of such Plan Year will be eligible to receive a
pro rata share of an Award based on the number of months of participation during any portion of such Plan Year if, in the
sole discretion of the Compensation Committee or the Management Committee, such an award is merited. A Participant whose employment is otherwise terminated prior to the end of such Plan Year will not
be eligible for an Award. 

VII. Determination and Timing of Awards  

        At the end of each applicable Performance Period, the Compensation Committee shall certify the extent, if any, to which the measures established in accordance
with Section V have been met. All Awards to Participants who are Executive Officers of the Company will be made by the Compensation Committee in its sole discretion. Awards to all other
Participants shall be made by the Management Committee in its sole discretion. Awards will be paid for a particular Plan Year at such time following the end of the Plan Year as shall be determined by
the Compensation Committee or the Management Committee. 

VIII. Method of Payment of Awards  

        a.     Payments
of Awards.    Except as otherwise provided in this Plan, Awards for each Participant will be paid in one of the manners
set forth in (a)(1), (a)(2) or (a)(3), as determined on a case-by-case basis in the sole discretion of the Compensation Committee or the Management Committee. Awards are
subject to forfeiture until paid, as provided below. In no event will the value of any Award to a Participant for any Performance Period exceed the amount of $10,000,000. 

        1.     Cash.    The
Compensation Committee or the Management Committee may, in its sole discretion, pay any Award in cash. Awards paid in
cash will be paid at the time described in Section VII above unless the Compensation Committee or the Management Committee has approved a request by a Participant to defer receipt of any Award
in accordance with Section VIII(b) below. 

        2.     Stock
Options or SARs.    The Compensation Committee or the Management Committee may, in its sole discretion, pay any Award through
the grant of stock options or SARs under 

4

 

The Coca-Cola
Company 1999 Stock Option Plan, as amended, The Coca-Cola Company 2002 Stock Option Plan, as amended, or any successor stock option plan approved by
shareowners (the "Stock Option Plan"). Any Award issued in the form of stock options or SARs shall be subject to the terms and conditions of the Stock Option Plan. 

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

        b.     Deferral
of Payment of Award.    An Award paid in cash may be deferred under the Deferred Compensation Plan of The
Coca-Cola Company (or comparable international plan, if any) if the Compensation Committee has, not later than the grant of an Award, received and, in its sole discretion, approved a
request by a Participant to defer receipt of an Award. 

        c.     Withholding
for Taxes.    The Company will have the right to deduct from any and all Award payments any taxes required to be
withheld with respect to such payment, including hypothetical taxes under the Company's International Service Program Policy and/or Tax Equalization Policy. For Participants who are International
Service Associates or other international employees, all taxes remain the Participant's responsibility, except as expressly provided in the Company's International Service Policy and/or Tax
Equalization Policy. The Company and any Related Company (i) make no representations or undertaking regarding the treatment of any taxes in connection with any Award; and (ii) do not
commit to structure the terms of the Award to reduce or eliminate the Participant's liability for taxes. 

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

        e.     Offset
for Monies Owed.    Any payments made under this Plan will be offset for any monies that the Management Committee determines
are owed to the Company or any Related Company. 

IX. Amendment and Termination  

        The Compensation Committee may amend, modify, suspend, reinstate or terminate this Plan in whole or in part at any time or from time to time; provided, however,
that no such action will adversely affect any right or obligation with respect to any Award theretofore made. The Compensation Committee and the Management Committee may deviate from the provisions of
this Plan to the extent such committee deems appropriate to conform to local, laws and practices. 

X. Applicable Law  

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

XI. Effect on Benefit Plans  

        Awards may be included in the computation of benefits under the Employee Retirement Plan of The Coca-Cola Company, The Coca-Cola Export
Corporation Overseas Retirement Plan and other retirement plans maintained by the Company under which the Participant may be covered and The Coca-Cola Company Thrift & Investment
Plan subject to all applicable laws and in accordance with the provisions of those plans. Awards will only be included as income or compensation under these plans if the language of the applicable
plan so provides. 

5

 

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

XII. Change in Control  

        If there is a Change in Control as defined in this Section XII at any time during a Plan Year, (1) the Management Committee promptly shall determine
the Award which would have been payable to each Participant under the Plan for such Plan Year if he had continued for work for the Company for such entire year and all performance goals established
under Section V had been met in full for such Plan Year by multiplying his target percentage by his annual salary as in effect on the date of such Change in Control and (2) each such
Participant's nonforfeitable interest in his Award (as so determined by the Management Committee) thereafter shall be determined by multiplying such Award by a fraction, the numerator of which shall
be the number of full, calendar months he is an employee of the Company during such Plan Year and the denominator is 12 or the number of full calendar months the Plan is in effect during such Plan
Year, whichever is less. The payment of a Participant's nonforfeitable interest in his Award under this Section XII shall be made in cash as soon as practicable after his employment by the
Company terminates or as soon as practicable after the end of such Plan Year, whichever comes first. 

        A
"Change in Control," for purposes of this Section XII, will mean a change in control of a nature that would be required to be reported in response to Item 6(e) of
Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of 1934 (the "Exchange Act") as in effect on January 1, 2004, provided that such a change in control
will be deemed to have occurred at such time as (i) any "person" (as that term is used in Sections 13(d) and 14(d)(2) of the Exchange Act as in effect on January 1, 2004) is or becomes
the beneficial owner (as defined in Rule 13d-3 under the Exchange Act as in effect on January 1, 2004) directly or indirectly, of securities representing 20% or more of the
combined voting power for election of directors of the then outstanding securities of the Company or any successor of the Company; (ii) during any period of two consecutive years or less,
individuals who at the beginning of such period constituted the Board cease, for any reason, to constitute at least a majority of the Board, unless the election or nomination for election of each new
director was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of the period; (iii) the share owners of the Company
approve any merger or consolidation as a result of which its stock will be changed, converted or exchanged (other than a merger with a wholly-owned subsidiary of the Company) or any liquidation of the
Company or any sale or other disposition of 50% or more of the assets or earning power of the Company; or (iv) the share owners of the Company approve any merger or consolidation to which the
Company is a party as a result of which the persons who were share owners of the Company immediately prior to the effective date of the merger or consolidation will have beneficial ownership of less
than 50% of the combined voting power for election of directors of the surviving corporation following the effective date of such merger or consolidation; provided, however, that no Change in Control
will be deemed to have occurred if, prior to such time as a Change in Control would otherwise be deemed to have occurred, the Board determines otherwise. 

6

QuickLinks

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

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]