Document:

Exhibit 10.5

 

AMENDMENT ONE TO

THE COCA-COLA COMPANY
DEFERRED COMPENSATION PLAN

 

This Amendment to The Coca-Cola Company Deferred Compensation Plan, as
amended and restated effective January 1, 2008 (the “Plan”), is adopted by
the Management Committee, as described in the Plan (the “Committee”).

 

WITNESSETH:

 

WHEREAS, pursuant to Section 8.4
of the Plan, the Committee has the authority to amend the Plan under certain
circumstances;

 

WHEREAS, the amendment
described herein applies to the general population of participants in the Plan
and would not have a material financial impact on the Company;

 

WHEREAS, the Committee
desires to amend the Plan to reduce the maximum percentage of the annual
incentive that may be deferred under the Plan;

 

NOW, THEREFORE, the Committee
hereby amends the Plan as follows:

 

Effective
beginning for the 2009 Plan Year, Section 3.1(b) shall be amended to
replace “100%” with “95%.”

 

IN WITNESS WHEREOF, the
undersigned has adopted this Amendment One on the date shown below, but
effective as of the dates indicated above.

 

 

	
  Date:

  	
  12/16/2008

  	
   

  	
  By:

  	
  /s/ Elizabeth Bastoni

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
  12/16/2008

  	
   

  	
  By:

  	
  /s/ Ginny Sutton

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  	
  By:

  	
   

  

 

1Exhibit 10.6

 

AMENDMENT FOUR TO

THE COCA-COLA COMPANY SUPPLEMENTAL PENSION PLAN

 

This Amendment Four to The Coca-Cola Company Supplemental Pension Plan
(the “Plan”) is adopted by The Coca-Cola Company Benefits Committee (the “Committee”).

 

WITNESSETH:

 

WHEREAS, pursuant to Section 7.4 of the Plan, the Committee has the
authority to amend the Plan;

 

WHEREAS, the Committee wishes to amend the Plan;

 

NOW, THEREFORE, the Committee hereby amends the Plan as
follows:

 

Effective
September 30, 2008, the definition of “Actuarial Equivalent” shall be
amended to read as follows:

 

“Actuarial Equivalent” shall
mean a benefit of equivalent value.  For
purposes of establishing whether a benefit is the Actuarial Equivalent of
another benefit, an interest rate of 7% compounded per annum and the unisex
mortality table prescribed in Revenue Ruling 2001-62, which is the 1994 Group
Annuity Mortality table projected to 2002 with scale AA, using 50% of the male
and 50% of the female rates, with no setback, shall be used.

 

Notwithstanding the
forgoing, for purposes of converting the Supplemental Pension Benefit into a
lump sum, “Actuarial Equivalent” means a benefit of equivalent value when
computed on the basis of the “applicable interest rate” required by Section 417(e)(3) of
the Code for the month of September immediately preceding the first day of
the Plan Year in which such distribution occurs and the “applicable mortality
table” required by Section 417(e)(3) of the Code, as amended by the
Pension Protection Act of 2006.

 

IN
WITNESS WHEREOF, the undersigned has adopted this Amendment Four on the date
shown below, but effective as of the dates indicated above.

 

 

	
   

  	
   

  	
  THE COCA-COLA COMPANY BENEFITS
  COMMITTEE

  
	
   

  	
   

  	
   

  
	
  Date

  	
  4/28/09

  	
   

  	
  By

  	
  /s/ Susan M. FlemmingExhibit 10.8

 

THE
COCA-COLA COMPANY COMPENSATON

AND
DEFERRED COMPENSATION PLAN

FOR
NON-EMPLOYEE DIRECTORS

 

The
Coca-Cola Company Compensation and Deferred Compensation Plan for Non-Employee
Directors (the “Plan”) is adopted on February 19, 2009, effective January 1,
2009 (“Effective Date”).  The deferred
compensation provisions of the Plan are designed to provide non-employee
Directors of The Coca-Cola Company (the “Company”) with an opportunity to defer
certain compensation as a Director, and set forth the specific terms applicable
to the mandatory deferral of Share Units awarded under the Plan.

 

All
compensation awarded to non-employee Directors of the Company prior to the
Effective Date shall be subject to the terms of the Compensation Plan for
Non-Employee Directors of The Coca-Cola Company, as amended on December 13,
2007.  The Plan replaces The Coca-Cola
Company Deferred Compensation Plan for Non-Employee Directors as amended and
restated effective April 1, 2006 (the “Prior DC Plan”).  While the balances from the Prior DC Plan
will be transferred to the Plan, all deferrals made pursuant to the Prior DC
Plan shall remain in effect according to their terms, including timing of
payment and form of distribution, except as may be required by Section 409A
of the Internal Revenue Code of 1986, as amended.

 

ARTICLE I

DEFINITIONS

 

The
following words and phrases as used herein shall have the meaning specified
below, unless a different meaning is plainly required by the context.

 

“AC
Account” shall mean an annual compensation account maintained under the
Plan for a Participant in accordance with Article III.

 

“Beneficiary”
shall mean the person, persons or trust designated in writing by the
Participant to receive any benefits from the Plan due to the death of the Participant.  If no Beneficiary is designated, the
Beneficiary shall be the Participant’s spouse. 
If no Beneficiary is designated and the Participant has no current
spouse, the Beneficiary shall be the Participant’s estate.

 

“Board”
shall mean the Board of Directors of The Coca-Cola Company.

 

“Calculation
Date” shall mean April 1 or, if April 1 is not a trading day, the
trading day immediately preceding April 1.

 

“Cash
Payment” shall mean the cash payment described in Section 3.2.

 

“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, as amended (“1934 Act”),
as in effect on January 1, 2002, provided that such a change in control
shall be deemed to have

 

1

 

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,
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 (2) consecutive years or less, individuals who at the
beginning of such period constituted the Board of the Company 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 shareowners of the Company approve any
merger or consolidation as a result of which the 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 or consolidation is
completed; provided, however, that no Change in Control shall be deemed to have
occurred if, prior to such times as a Change in Control would otherwise be
deemed to have occurred, the Board determines otherwise, and provided the
Change in Control constitutes a change in control pursuant to Section 409A
of the Code.

 

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

 

“Committee”
shall mean the Committee on Directors and Corporate Governance of the Board of
Directors of the Company.

 

“Company”
shall mean The Coca-Cola Company.

 

“Director”
shall mean a duly-appointed or elected member of the Board.

 

“DC
Account” shall mean a deferred compensation account maintained under the
Plan for a Participant in accordance with Article IV.

 

“Effective
Date” shall mean January 1, 2009.

 

“Majority-Owned
Related Company” shall mean a corporation(s) or other business
organization(s) in which the Company owns, directly or indirectly, 50% or
more of the voting stock or capital at the relevant time.

 

“Participant”
shall mean a Director who is eligible for the Plan in accordance with Article II
and/or a former Director for whom accounts are maintained under the Plan.

 

“Payment
Date” shall mean the date that is the later of (i) January 15 of
the year following the year in which service as a Director terminates or (ii) six
months following the date on which service as a Director terminates.  Where a Participant has elected to receive
payment of the balance in the Participant’s DC Account in the form of

 

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installments
in accordance with the terms of the Plan, the first installment payment shall
be paid on the Payment Date and all other installment payments shall be paid annually
on the anniversary date of the Payment Date.

 

“Plan”
shall mean The Coca-Cola Company Compensation and Deferred Compensation Plan
for Non-Employee Directors.

 

“Share
Unit” shall mean a hypothetical share of Stock that is credited to a
Participant’s AC Account or DC Account.

 

“Stock”
shall mean the common stock of the Company.

 

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

 

“Valuation
Date” shall mean the trading date immediately preceding the Payment Date.

 

ARTICLE II

ELIGIBILITY

 

2.1           Limitation to
Non-Employee Directors.  
Only Directors who are not employed by the Company or a Majority-Owned
Related Company shall be eligible for the Plan.

 

2.2           Date of
Eligibility. Directors who are on the Board as of January 1,
2009 shall be eligible to participate for 2009. 
Thereafter, a new Director shall be eligible as of the date he or she is
appointed or elected to the Board.

 

ARTICLE III

COMPENSATION

 

3.1           Accounts;
Mandatory Annual Transfer.  Each
Participant shall have an AC Account administered in his or her name.  Such AC Account shall be a bookkeeping entry
only and no Stock or other assets shall be placed in the Participant’s name.  On December 31 of each year, all Share
Units credited to a Participant’s AC Account pursuant to Section 3.3
automatically shall be transferred to that Participant’s DC Account.

 

3.2           Cash Payment.  Unless the Participant has elected to defer
the Cash Payment into Share Units in accordance with Article IV of this
Plan, the Participant will be paid $50,000 annually, payable in equal quarterly
installments.  The Chair of each
committee of the Board of Directors shall receive an additional $20,000
annually, payable in equal quarterly installments.

 

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3.3           Crediting of
Share Units.  On the
Calculation Date, each Participant’s AC Account shall be credited with Share
Units.  The dollar amount for 2009 shall
be $125,000 and may be adjusted in subsequent years by the Board of
Directors.  The number of Share Units
credited to each Participant shall be determined by dividing this dollar amount
by the average of the high and low price of Stock on the New York Stock
Exchange Composite Transactions listing on the Calculation Date.

 

3.4           New Directors
Appointed or Elected Mid-Year.  For individuals who become eligible for the
Plan in a particular year after the Calculation Date, his or her AC Account
shall be credited with Share Units under this paragraph.  A new Participant shall be credited with
Share Units equal to the number of units calculated on the Calculation Date for
the year pursuant to Section 3.3, prorated for the number of days in the
calendar year during which the Participant was eligible for participation in
the Plan.  This proration shall be a
fraction, the numerator of which is the number of days remaining in the
calendar year (measured from the date the Director was eligible for
participation in the Plan) and the denominator of which is 365.  Once the number of Share Units is prorated,
Share Units shall be credited to the Participant’s AC Account.  In addition, with respect to the Cash
Payment, such new Participant shall be paid an amount equal to the annual Cash
Payment divided by the number 4 minus the number of full calendar quarters that
have elapsed at the time of such Participant’s election or appointment to the
Board, payable in equal installments in accordance with the payment schedule
adopted pursuant to Section 3.2.

 

ARTICLE IV

DC ACCOUNTS; ELIGIBLE COMPENSATION; ELECTIONS TO DEFER

 

4.1           Establishment of DC Accounts.  The Company shall establish a DC Account for
each Participant.  Such DC Account shall
be a bookkeeping entry only and no Stock or other assets shall be placed in the
Participant’s name.  All eligible
compensation, as described in Section 4.2, that a Participant elects to
defer in accordance with this Article IV shall be credited to that
Participant’s DC Account in the manner set forth in this Article IV.   In addition, on December 31 of each
year, all compensation credited to a Participant’s AC Account pursuant to Section 3.3
automatically shall be transferred to that Participant’s DC Account.

 

4.2           Eligible Compensation.   A Participant may elect to defer all or a
specified percentage of the annual Cash Payment receivable by such Director
under the Plan for service as a Director of the Company.  No other compensation or expense
reimbursement shall be eligible for voluntary deferral.

 

4.3           Elections to Defer.   Participants must elect to defer eligible
Cash Payments under the following provisions. 
Elections shall be in writing on forms or via electronic format as
determined by the Secretary of the Company. The election shall specify the
applicable percentage to be deferred.

 

4

 

(a)           Annual Cash Payments.  If a Participant wishes to defer his or her
annual Cash Payment, he or she must elect a percentage to defer, from 10% -
100%, no later than December 31 prior to the beginning of the year for
which the Cash Payment is paid.  This
election is irrevocable for all amounts paid for the calendar year.

 

(b)           New Directors.  A new Director appointed or elected to the
Board during the calendar year shall not be eligible to defer the Cash Payment
that is payable through the end of that first calendar year of service.

 

(c)           Duration of Elections.  If an election is made to defer the annual
Cash Payment, the election shall continue in effect until the end of the
Participant’s service as a Director or until the end of the calendar year
during which the Director gives the Company written notice of the
discontinuance of the election. Such a notice of discontinuance shall operate
prospectively from the first day of the calendar year following the giving of notice.
An election with respect to the annual Cash Payment becomes irrevocable as of December 31
of the year prior to the year the Cash Payment is earned.

 

4.4           Elections and Forms of
Payment.

 

(a)           Forms of Payment.  All payments under the Plan shall be in cash.  A Participant may elect to receive payments
in a single lump sum or in a series of annual installments (not to exceed five).  If a Participant fails to make an election in
accordance with this Section 4.4, the balance in the Participant’s DC Account
upon the Participant’s termination of service with the Company shall be paid in
the form of a lump sum, unless otherwise provided in this Section 4.4.  In the event of death or a Change in Control,
all payments shall be made in the form of a lump sum payment.

 

(b)           Payment Distribution
Election Under Prior DC Plan.  All elections made under the Prior DC Plan regarding
the form of payment distribution for compensation awarded to a Participant
prior to the Effective Date cannot be changed with respect to such compensation.  Any elections made under the Prior DC Plan also
shall apply to all compensation awarded under the Plan, unless the Participant
makes a new form of payment distribution election in accordance with Section 4.4(c).

 

(c)           Payment Distribution Election
Under the Plan.  A
Participant may make a different election for future compensation under the
Plan.  If a Participant has not made an
election under the Prior DC Plan, was not a participant in the Prior DC Plan,
or wishes to make a different election for future compensation, the Participant
must make an initial election within 30 days of the date the Plan is
adopted.  An individual who becomes a
Director during the calendar year must make an initial election within 30 days
of his or her appointment or election to the Board.  Once a Participant makes an election under
the Plan, it shall apply to all future compensation awarded to the Participant
under the

 

5

 

Plan unless a new election
is made by December 31 of the year prior to the time the compensation is
paid.

 

4.5           Deferral of Cash Payments; Crediting of Share Units.  If a Participant has elected to defer the
Cash Payment (or any portion thereof) pursuant to Section 4.3, the amount
elected shall be added to the Share Units awarded to such Participant pursuant
to Section 3.3 on the Calculation Date and credited to the Participant’s DC
Account.  Such amount shall be converted
on the Calculation Date to a number of Share Units equal to the number of
shares of Stock that theoretically could have been purchased on such date with
such amount, using the average share price on the New York Stock Exchange
Composite Transactions listing on such date, or if such date is not a trading
day, on the next trading day.

 

ARTICLE V

ADJUSTMENTS TO ACCOUNTS

 

5.1           Hypothetical Dividends.  As of each date on which dividends on the
Stock are payable to shareowners of the Company, each Participant’s AC Account
and DC Account shall be credited with the value of the dividends that would be
payable on Share Units in such accounts if they were shares of Stock (not
taking into account the record date). 
These hypothetical dividends shall be converted to Share Units using the
average of the high and low price of Stock on the New York Stock Exchange
Composite Transactions listing on the dividend payment date or if such date is
not a trading day, on the trading day preceding the dividend payment date.

 

 5.2          Stock Split; Stock Dividend.  Each Participant’s AC Account and DC Account
shall be credited on the date of any stock split or stock dividend, with the
number of Share Units necessary for an equitable adjustment.

 

ARTICLE VI

PAYMENT OF PLAN ACCOUNTS

 

6.1           Permitted Payment Events.  Payment of accounts under the Plan shall not
be made except following death, disability, termination of service from the
Board, or upon a Change in Control. 
Payments shall not be accelerated, except as permitted by Section 409A
of the Code and the regulations thereunder.

 

6.2           Payment of Account Balance.  Upon a Participant’s separation of service as
a Director of the Company, all Share Units in the Participant’s AC Account that
have been earned for such year, as calculated pursuant to Section 6.4,
shall be transferred to that Participant’s DC Account.

 

(a)           Lump Sum Payment.  Except in the case of death, the value of the
Participant’s DC Account shall be paid on the Payment Date.  In the event of a Participant’s death, the
value of the Participant’s DC Account shall be paid to the Participant’s
Beneficiary as soon as possible, but no later than 60 days following the date
of death.

 

6

 

(b)           Installment Payments Election.  If the Participant has elected to receive
payment of the Participant’s DC Account balance in the form of annual
installments in accordance with Section 4.4, the amount of each such
payment shall be computed as provided in this Section 6.2(b).  The amount of the first payment shall be a
fraction of the balance in the Participant’s DC Account as of December 31
of the year preceding such payment, the numerator of which is one and the
denominator of which is the total number of installments elected. The amount of
each subsequent payment shall be a fraction of the balance in the Participant’s
DC Account as of December 31 of the year preceding each subsequent
payment, the numerator of which is one and the denominator of which is the
total number of installments elected minus the number of installments
previously paid.

 

6.3           Valuation of Account Balance.  Except in the case of a Director’s separation
of service from the Company due to death or a Change in Control, the balance in
the Participant’s DC Account in Share Units shall be valued in an amount equal
to the number of Share Units in the Participant’s DC Account multiplied by the
average of the high and low market prices at which a share of Stock shall have
been sold on the Valuation Date, as reported on the New York Stock Exchange
Composite Transactions listing. In the event of separation due to death or a
Director or a Change in Control, the value of the balance of Share Units in the
Participant’s DC Account shall be calculated in the same manner as set forth
above in this Section 6.3, except that the Valuation Date for such
purposes shall be the date of death of the Director or the date of the Change
in Control, as the case may be.

 

6.4           Separation During the Year; Proration of Annual
Compensation.  In the
event of a Director’s separation of service from the Company during the
calendar year, the Share Units attributable to each such period shall be
prorated.  The proration shall be a
fraction, the numerator of which is the number of days from the beginning of
the year to the date of the Director’s separation of service and the
denominator of which is 365.   Any Share
Units that have been credited to the Participant’s AC Account due to dividends
paid to shareowners of the Company during the Participant’s period of service
during that year shall be added.  The
quarterly Cash Payment shall be paid for any portion of a calendar quarter
during which that Participant served as a Director.

 

6.5           Unforseeable Emergency.  A Participant shall be permitted to elect a
distribution from his or her DC Account prior to the date the DC Accounts were
to be distributed, subject to the following restrictions:

 

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

 

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

 

7

 

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

 

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

 

ARTICLE VII

ADMINISTRATION AND MISCELLANEOUS PROVISIONS

 

7.1           Administration
of the Plan.  The Committee
shall oversee the administration of the Plan. 
The Committee has the exclusive responsibility and complete
discretionary authority to control the operation and administration of the
Plan, with all powers necessary to enable it to properly carry out such
responsibility, including but not limited to the power to construe the terms of
the Plan, to determine status, coverage and eligibility for benefits and to
resolve all interpretive, equitable, and other questions, including questions
of fact, that shall arise in the operation and administration of the Plan.  The Plan shall be interpreted consistently
with the provisions of Section 409A of the Code.  All actions or determinations of the
Committee shall be final, conclusive and binding on all persons.

 

7.2           Amendment and
Termination of the Plan.  The
Board may amend, modify, suspend or terminate the Plan in whole or in part,
except that no amendment, modification, suspension or termination may
retroactively adversely affect any Participant’s right to a benefit which has
been earned under the Plan before such date.

 

7.3           Controlling Law.  This Plan shall be subject to the laws of the
State of Georgia, and the parties agree that all disputes arising from or
related to this Plan shall be litigated in the state or federal courts located
in Fulton County, Georgia.  The parties
agree that such courts shall be the exclusive forum for such disputes and
hereby submit to the jurisdiction and venue of such courts for the litigation
of all such disputes.  The parties hereby
waive any claims of improper venue or lack of personal or subject matter
jurisdiction as to any such disputes.

 

7.4           Limitation of Responsibility.  Neither the establishment of this Plan nor
any modification thereof, nor the creation of any AC Account or DC Account, nor
the payment of any benefits, shall be construed as giving to any Participant or
other person any legal or equitable right against the Company, or its
subsidiaries, or any officer or employee thereof; and in no event shall the
terms of any Director’s Board appointment be modified or in any way affected
thereby.

 

7.5           Unsecured
General Creditor. 
Participants and their Beneficiaries, heirs, successors, and assigns
shall have no legal or equitable rights, claims, or interest in any specific
property or assets of the Company.  No
assets of the

 

8

 

Company shall be held in any way as collateral security for the
fulfilling of the obligations of the Company under this Plan.  The Company’s obligation under the Plan shall
be merely that of an unfunded and unsecured promise of the Company to pay money
in the future, and the rights of the Participants and Beneficiaries shall be no
greater than those of unsecured general creditors.  Nothing contained in this Plan, and no
actions taken pursuant to the provisions of this Plan shall create or be
construed to create a trust or any kind of fiduciary relationship between the
Company and any Participant, Beneficiary, or any other person.

 

7.6           Taxes.  Federal, state, FICA/Medicare and all other
taxes shall be solely the responsibility of the Participant.  The Company will report all payments as
required by the Internal Revenue Code or other tax regulations and withhold any
applicable taxes where required.

 

9

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