Document:

Amended and Restated Can Supply Agreement

 Exhibit 10.1 
 CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR SUCH PORTIONS. ASTERISKS DENOTE OMISSIONS. 
 AMENDED AND RESTATED CAN SUPPLY AGREEMENT 
 This Amended and Restated Can Supply Agreement (the “Amended and Restated Agreement”) is entered into by
and between: (i) Rexam Beverage Can Company (“Rexam”), a Delaware corporation, with its principal place of business at 8770 West Bryn Mawr Avenue, 11th Floor, Chicago, Illinois 60631; and (ii) Coca-Cola Bottlers’ Sales & Services Company LLC, a limited liability company organized and
existing under the laws of Delaware, with its principal offices at 3200 Windy Hill Road, East Tower, Suite 300, Atlanta, Georgia 30339 (“CCB”), acting solely on behalf of and as agent for the Bottlers (as defined below) (each a
“Party” and together, the “Parties,” and where applicable, shall be deemed to include the Bottlers, as defined below), and amends and restates that certain Can Supply Agreement entered into on or about January 1, 2004 by and
between Rexam and CCB, as agent for certain Bottlers (the “Original CCB Agreement”). 
 RECITALS 
 WHEREAS, CCB acts as agent for certain Coca-Cola bottlers and other entities, including Coca-Cola Enterprises Inc. (“CCE”) and those other duly licensed
Coca-Cola bottlers and related cooperative bottling/canning facilities or other entities set forth in Exhibit A attached hereto (each, individually, a “Bottler,” and collectively, the “Bottlers”); and 
 WHEREAS, REXAM owns and operates manufacturing plants throughout the United States which produce aluminum beverage containers; and 
 WHEREAS, CCE and Rexam are parties to that certain Can Supply Agreement executed by and between CCE and Rexam (at the time known as American National Can Company) and
effective as of January 1, 1999, as amended (the “Existing CCE Agreement”); and 
 WHEREAS, pursuant to a certain Procurement Agency Agreement
dated April 14, 2003 and other agency agreements between CCB and the Bottlers (collectively the “Agency Agreements”), CCB has been authorized by the Bottlers, who are in the business of, among other things, filling soft drink
beverages into aluminum beverage containers comprised of 12 oz bodies and ends (the “Cans”) as specified in Exhibit B, to negotiate and enter into this Can Supply Agreement on their behalf; and 

 WHEREAS, on or about January 1, 2004 CCB, acting solely as agent for and on behalf of certain Bottlers and Rexam,
entered into the Original Agreement, which has an expiration date of December 31, 2006; and 
 WHEREAS, CCB and Rexam now desire to enter into this
Amended and Restated Agreement in order to amend and restate the Original Agreement as set forth herein and to provide for the supply of Cans to certain production facilities operated by Bottlers identified in Exhibit A, all pursuant to the terms
and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the foregoing premises and the covenants contained herein, the Parties hereby agree
as follows: 
  

	1.	Authority. 

 (a)
CCB’s Agency. This Agreement is executed by CCB solely as agent for the Bottlers. CCB represents and warrants that pursuant to the Agency Agreements it is the authorized agent for the Bottlers, and is authorized to conduct negotiations,
execute and manage agreements for the supply of Cans to the Bottlers for use within the Territory (as defined below). By the execution of this Agreement, CCB further represents that the Bottlers listed in Exhibit A consent to and shall be bound by
this Agreement. CCB retains the right to add or delete Bottlers as mutually agreed from Exhibit A from time to time during the Term hereof. In the event of a deletion, the Bottlers, through CCB, will make commercially reasonable efforts to provide
replacement volumes. 
 (b) Rexam’s Authority. Rexam represents and warrants to CCB that it has the authority to
enter into and perform this Amended and Restated Agreement. 
  

	2.	Effect on Other Agreements. Upon execution hereof, this Amended and Restated Agreement shall replace and supersede both: (i) the Existing CCE Agreement; and
(ii) the Original CCB Agreement, both in their entirety. For the avoidance of doubt, both the Existing CCE Agreement and the Original CCB Agreement shall be deemed terminated by mutual consent without penalty upon the execution hereof.

  

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	3.	Term. The term of this Amended and Restated Agreement (the “Term”) shall commence on January 1, 2006, and, unless sooner terminated as provided herein,
shall expire on [***] (the “Termination Date”). 

  

	4.	Description of Product. This Amended and Restated Agreement relates to Cans with the specifications as shown in Exhibit B (the “Specifications”). Rexam will
have the right to place its name and/or logo on the Cans in such size and location as is customary in the industry. Upon request, Rexam will provide CCB with a certificate of conformity with each shipment indicating that the Cans included in the
shipment have been inspected by Rexam and comply with the Specifications and all obligations of this Amended and Restated Agreement. 

  

	5.	Territory. The obligation of Rexam to supply Cans, and the obligation of Bottlers to purchase Cans, pursuant to the terms hereof, shall apply only to filling locations
owned or operated by the Bottlers that are physically located within the fifty United States or the District of Columbia, Canada, and/or Bermuda (collectively, the “Territory”). 

  

	6.	[***] 

  

	7.	 Volume. The Cans will be supplied to the filling locations located within the Territory set forth for each Bottler in Exhibit A (and at any additional
or substitute facilities hereafter acquired or otherwise designated by CCB on behalf of any of the Bottlers and agreed to in writing by Rexam which agreement by Rexam will not be unreasonably withheld) (collectively, the “Filling
Locations”). During the Term of this Amended and Restated Agreement, each of the Bottlers shall purchase 100% of the Filling Locations’ respective individual requirements of Cans from Rexam in the sizes set forth in Exhibit B, except that
each Bottler shall be allowed a commercially reasonable time to exhaust any existing supply of non-Rexam supplied Cans kept in inventory during the ordinary course of business as of the beginning of the Term hereof. If requested by Rexam, and not
more than once annually, CCB shall provide a certificate from an officer of CCB 

  

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attesting that each Bottler has complied with its annual purchase requirements for the Filling Locations as set forth herein. If, for any reason (other than
an event of Force Majeure covered in Section 23, or a metal supply issue covered in Section 14, below) Rexam is unable to supply bodies and/or ends, as the case may be, of satisfactory quality, any affected Bottler(s) shall be relieved of
any obligation to buy from Rexam the unsatisfactory item under the terms of this Amended and Restated Agreement until Rexam corrects the problem on an ongoing basis to the reasonable satisfaction of the affected Bottler(s). In such event and only
for the duration of time that such quality problem exists: (a) Rexam shall provide the relevant Filling Location(s) with fully conforming bodies and/or ends from an alternate Rexam plant and Rexam shall absorb any excess freight involved in
shipping from the alternate plant; (b) if Rexam is unable to procure conforming bodies and/or ends from a Rexam plant, the affected Bottler(s) may procure conforming bodies and/or ends from any other source; (c) Rexam shall pay any
affected Bottler the difference between the purchase price to such Bottler for such conforming bodies and/or ends and the purchase price such Bottler otherwise would have incurred hereunder; and (d) all bodies and/or ends purchased by affected
Bottlers from any alternate source pursuant to this paragraph shall be credited against the relevant Bottler’s purchase obligations hereunder. 

  

	8.	Orders. 

 (a) Sales
Subject to Orders. All sales of Cans under this Amended and Restated Agreement will be subject to written orders issued by the Bottlers (through CCB or otherwise) to Rexam (“Orders”). 
 (b) Quantities and Dates. Orders will specify quantities, delivery dates and points of delivery. 
 (c) Special Terms. Bottlers (through CCB or otherwise) and Rexam may agree in writing to special terms, such as deliveries in a
specified manner, for which Rexam may request additional compensation. Rexam agrees that all invoices will include the price of the Cans separate from the compensation for such special terms. 
  

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 (d) Adjustments. In the event of changes identified in Section 8(c), either
Bottler or Rexam may, in writing, request an equitable adjustment in the prices or delivery terms of the relevant Order. Any and all claims and requests by Rexam under this subsection will be deemed waived unless made in writing and received by
Bottler within twenty (20) days from the receipt by Rexam of the written notification for such changes. 
 (e) Order
Termination 
 (i) With or Without Cause. Bottlers (through CCB or otherwise) may terminate, with or without cause,
any single Order upon written notice to Rexam. In the event of such termination, Rexam may in writing make claim for the cost of any work in process and finished stocks, but not for any cost of design, engineering, or development, special tooling or
general purpose equipment unless such items have been specifically ordered and separately priced in the terminated Order. Other than as specified in the preceding sentence, Rexam will not be entitled to any claim, remedy or damages from Bottler with
respect to termination of an Order. Any and all claims or requests by Rexam under this subsection will be deemed waived unless made in writing and received by Bottler within five (5) business days (not including holidays on which Rexam’s
executive offices are closed) from the date of termination. 
 (ii) Effect on Other Orders. Termination of any single
Order for any reason will not affect any other Order between Bottler and Rexam, or this Amended and Restated Agreement. 
 (f) Time. Time is of the essence in all Orders. Rexam will promptly advise Bottlers of any delay or anticipated delay in delivery or performance. 
 (g) Supersede Preprinted Terms in Other Documents. The terms and conditions of this Amended and Restated Agreement will supersede
any preprinted or standard terms which may appear on any purchase orders, invoices, acknowledgements, or similar documents exchanged between Rexam and Bottlers and/or CCB as agent for the Bottlers. 
  

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	9.	Price. The base price(s) for Cans, and adjustments thereto, under this Amended and Restated Agreement shall be as stated in the Pricing Schedule, attached as Exhibit C
to this Amended and Restated Agreement. 

  

	10.	Payment; Risk of Loss. Payment is due [***] days after the date of invoice (if such invoice is sent electronically, which is the method preferred by both
Parties); or [***] days from receipt of invoice (if such invoice is not able to be sent electronically). Payment for any services provided pursuant to Exhibit D is due in full [***] days after invoice date. Amounts not paid by the due
date shall bear interest at 2% over the prime rate announced from time to time by Bank One, Chicago, Illinois, or such lesser rate as provided by law. Notification of payments due shall be directed as follows: (i) if to Coca-Cola Enterprises
Inc (“CCE”) or to The Coca-Cola Bottling Company Consolidated (“Consolidated”) or any other Bottler owned or controlled by Consolidated, bill(s) of lading for Cans shipped or invoices for all other charges (e.g., for services
provided pursuant to Section 15 hereof) shall be delivered by the carrier or by Rexam to CCE’s or Consolidated’s respective filling locations; (ii) if, as to hot-filled Cans processed in the Niles, Illinois facility operated by
Coca-Cola Bottling Company of Chicago (“Niles”) or such other facilities as designated by CCB in the future, all invoice(s) shall be sent by Rexam to Coca-Cola North America, a division of The Coca-Cola Company, at: Coca-Cola Company,
Vender# 1037076, Minute Maid Hot Fill, PO Box 2467, Atlanta, GA 30301; and (iii) if to any other Bottler not listed in subsections (i) or (ii) above (hereinafter the “Participating CCBA Bottlers”), daily electronic reports
of shipments made or services provided pursuant to Section 16 to participating CCBA Bottlers, shall be sent by Rexam to The Coca-Cola Bottlers’ Association, Inc. at 3282 Northside Parkway, Atlanta, Georgia 30327. Each individual Bottler,
including the Participating CCBA Bottlers, shall be solely responsible for payment of all amounts due from it under this Amended and Restated Agreement. If payments are not received within 60 days, Rexam has the right to offset any rebates Rexam may
have paid to CCB that are allocable to such Bottler’s outstanding receivables, from any future rebate payments to CCB, subject to reinstatement once payment is made. CCB shall use reasonable commercial efforts to resolve any payment disputes
between Rexam and any of the Bottlers. Title and risk of loss shall pass to each applicable Bottler upon delivery of Cans to the common carrier, even if Rexam may have selected the carrier. 

  

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	11.	Packaging and Shipping. 

 (a) Packaging Standards. All packing and packaging will comply with good commercial practice and applicable transport regulations, and will consist of suitable containers for optimum protection of the goods and for in-plant handling
and storage. 
 (b) Carrier and Route. Delivery will be made by the carrier and route specified by Rexam. 

(c) Labeling. All shipping containers will be labeled in accordance with applicable laws and regulations relating to the
transport of goods. 
  

	12.	Delivery. Delivery will not be deemed complete until the Cans have actually been received and accepted by Bottler following completion of its standard inspection
procedures. All inspections will be completed within a reasonable period of time. 

  

	13.	Non-Conforming Orders. 

 (a) Inspection and Testing. All Orders of Cans are subject to inspection and rejection by Bottler within a reasonable period of time prior to payment. 
 (b) Cancellation for Non-Conformance. Bottler may cancel an Order for any nonconformity in any lot or installment delivered and
performed hereunder, including, without limitation, failure of Rexam to deliver the Order of Cans when due, delivery of defective or otherwise nonconforming Cans, or delivery of an insufficient quantity of Cans. 
 (c) Additional Remedies. Without limiting any of Bottler’s rights, Bottler may require Rexam, at Rexam’s expense:

 (i) to promptly repair or replace any or all rejected Orders of Cans, or 
 (ii) to refund the price of any or all rejected Orders of Cans. 
  

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 (d) Risk of Loss for Rejected Orders. All rejected Orders of Cans will be held for
Rexam’s prompt instruction and at Rexam’s risk and expense. 
  

	14.	Metal. 

 (a) The
Parties acknowledge that, subject to the Parties’ obligations regarding soft tolling set forth in Section B.1(a) of Exhibit C, soft tolling of metal is a part of this Amended and Restated Agreement. To that extent, CCB, on behalf of the
Bottlers, shall provide Rexam with reasonable advance notice of any change in designated aluminum suppliers (and such newly designated supplier shall be a qualified first tier metal sheet producer, or second tier sheet producer reasonably acceptable
to Rexam), no later than 120 days prior to implementing such change to this Amended and Restated Agreement (excluding 2006, which has been dealt with as of the date hereof to the Parties’ mutual satisfaction). Notwithstanding the foregoing, in
the event of an actual, material quality problem or shortfall in the metal supplied to Rexam, Rexam shall retain the right to qualify or disqualify any of CCB’s designated aluminum supplier(s) provided, however, that the criteria used to
disqualify such supplier(s) was pre-existing (i.e., in effect prior to the execution hereof), was uniformly established for all aluminum suppliers to Rexam, and was disclosed to CCB and agreed upon prior to the execution hereof; and
provided further that Rexam provide CCB with reasonable advance written notice of the effective date of any such disqualification. Upon any such notice of disqualification, the Parties will discuss a mutually agreeable aluminum supplier, and
the Parties shall agree to use any other aluminum supplier if such supplier is then qualified by Rexam as set forth above (Rexam agrees to provide CCB a listing of all aluminum suppliers qualified to do business with Rexam, which list may be updated
quarterly, as needed). In the event a supplier not currently qualified to supply Rexam is required for supply reasons currently unforeseen by Rexam or CCB, and the Parties cannot reach agreement on such an unqualified aluminum supplier within
[***] days from the date of such disqualification, Rexam may use any other aluminum supplier so long as such aluminum meets the specifications contained in this Amended and Restated Agreement, and (ii) if, and only if so agreed to by
Rexam and CCB, all incremental cost adjustments, if any, to implement such new aluminum supplier are borne by the Bottlers for the anticipated period of time required (not to exceed one hundred and twenty (120) days), or until a mutually agreed
to supplier is found. 
  

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 (b) At any time during the Term of this Amended and Restated Agreement, CCB may
elect to direct the disposition of in-plant scrap, provided however, that: (i) Rexam shall not be required to terminate any pre-existing, enforceable annual (i.e., of no greater than one year in length) agreement otherwise requiring
disposition of in-plant scrap; and (ii) that, subject to the mutual agreement of CCB and Rexam, there will be commensurate annual economic adjustments (based on periodic changes in the price of ingot) made to Rexam with respect to the remaining
Term and subsequent projected volume of this Amended and Restated Agreement, to reflect the impact of implementing this right. 
  

	15.	Purchases; Forecasts. Purchases of Cans will be made via purchase order or alternative electronic means as set forth in Section 8 above. To facilitate such
purchases, each individual Bottler, through CCB or otherwise, shall advise Rexam, prior to each October 31, of the Filling Locations’ projected annual requirements of Cans under this Amended and Restated Agreement, by location, for the
upcoming calendar year (the “Forecasted Volume”) and, using commercially reasonable judgment, shall provide rolling 90 day forecasts, by filling location, by size, by label, on a monthly basis throughout the year (a “90 Day Rolling
Forecast”). All Forecasted Volume shall be provided for planning purposes only and shall not constitute a firm offer to buy, provided, however, that Rexam may use reasonable judgment to produce Cans pursuant to the relevant 90 Day Rolling
Forecast only, in advance of receipt of actual orders, in which event all such Cans shall be purchased by the applicable Bottler within ninety (90) days. Such Forecasted Volume shall remain in effect until adjusted by each Bottler upon
reasonable advance notice to Rexam; provided, however, that such adjustments shall not affect each Filling Location’s percent purchase requirement set forth above in Section 7. Substantial increases in volume that are not consistent with a
Bottler’s Forecasted Volume or significant increases in the Forecasted Volume from year to year may require discussion and agreement between Rexam and the applicable Bottler on meeting such increase in volume, and the Parties agree to work in
good faith to reach such agreement. 

  

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	16.	Rexam’s Services. Rexam may perform the services described on Exhibit D attached hereto, as frequently as is reasonably necessary and at the applicable
Bottler’s specific request, pursuant to the rates for such services as specified on such Exhibit D, which rates may be subject to change from time to time by Rexam. CCB will make Exhibit D available to each Bottler. 

  

	17.	Dunnage. The Parties’ obligations with respect to dunnage are set forth in the attached Exhibits E, E-1, E-2, and F, which CCB will make available to each
Bottler. 

  

	18.	Warranties, Claims and Limitation of Liability. The Parties’ obligations with respect to warranties, claims, and limitation of liability are set forth in the
attached Exhibit G. 

  

	19.	Termination. 

 (a) In
addition to any other termination rights available under applicable law or set forth herein, at any time prior to the Termination Date, CCB may immediately terminate this Amended and Restated Agreement with Rexam (as to any Bottler(s) or all
Bottlers), or Rexam may terminate this Amended and Restated Agreement with CCB or any of the Bottlers, in either case upon notice to the other Party if such Party, or any of the Bottlers, as the case may be: (i) is deemed bankrupt or shall make
an assignment for the benefit of its creditors, or a receiver is appointed for it or for any of its properties or it is adjudged to be insolvent; or (ii) defaulted in the performance of any material term or condition of this Amended and
Restated Agreement and such default has not been remedied within thirty (30) days after the giving of written notice with respect to such breach to the defaulting Party. Any such acts of, by or to a Bottler shall give rise to a right to
terminate solely as to that Bottler and not as to any other Bottler or CCB. In the event that this Amended and Restated Agreement is terminated with respect to any individual Bottler, the Amended and Restated Agreement shall remain in full force and
effect among Rexam, CCB, and the remaining Bottlers. 
 (b) CCB shall not be responsible or liable for any
Bottler’s failure to perform its obligations hereunder. The termination of any or all of the Agency Agreements shall have no effect on this Amended and Restated Agreement, provided, however, that any 

  

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new or successor agent of the affected Bottler(s) shall notify Rexam that it is the new or successor agent for the Bottlers and such new or successor agent
shall agree to be bound by the terms of this Amended and Restated Agreement as if the new or successor agent had been the original agent. 
  

	20.	Effect of Termination. Upon termination of this Amended and Restated Agreement for any reason, each Bottler shall purchase all Cans and otherwise non-usable Bottler
-specific manufacturing supplies and related items previously ordered for the relevant Bottler. The price which each affected Bottler shall pay for Cans and any otherwise non-usable Bottler specific manufacturing supplies and related items as a
result of any termination shall be the price in effect hereunder upon the effective date of termination, inclusive of any soft tolling. 

  

	21.	Indemnity. Notwithstanding anything to the contrary set forth in Exhibit G, Rexam will indemnify and hold harmless CCB and Bottlers, their subsidiaries, officers,
agents, employees and customers against all claims, costs (including, without limitation, reasonable attorneys’ fees) and damages (including, without limitation those resulting from recall of Cans) arising from (i) any defect in the Cans,
(ii) breach of any warranties or representations of Rexam set forth in this Amended and Restated Agreement, and (iii) breach of any term or condition set forth in this Amended and Restated Agreement by Rexam. 

  

	22.	 Insurance. Rexam will obtain and maintain at its’ own expense through a combination of comprehensive general liability insurance and umbrella
liability insurance, which includes products liability coverage, with insurance companies that have a minimum A.M. Best Rating of A-VII in the amount of at least five million dollars ($5,000,000) per occurrence combined single limit, aggregate limit
of ten million dollars ($10,000,000). Rexam will provide CCB and, upon request, the Bottlers with a certificate of insurance evidencing such insurance and naming CCB and the Bottlers listed in Exhibit A as additional insureds within thirty
(30) days of execution of this Amended and Restated Agreement. Such certificate will further contain a provision that said policy or policies cannot be cancelled, terminated, non-renewed or materially changed during the Term 

  

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without thirty (30) days prior written notice to CCB. The stipulated limits of coverage above will not be construed as a limitation of any potential
liability to CCB or the Bottlers, and failure to request evidence of this insurance will in no way be construed as a waiver of Rexam’s obligation to provide the insurance coverage specified. 

  

	23.	Force Majeure. 

 (a)
Except for payment of money due hereunder, Rexam, CCB, and each of the Bottlers, as applicable, shall be excused for failure to perform under this Amended and Restated Agreement where such failure results from circumstances beyond the affected
Party’s reasonable control including, without limitation, such circumstances as fire, storm, flood, terrorism, acts of war, civil or military authority, insurrection, supply shortage, embargo, earthquake, strikes, work stoppages or slowdowns,
lockouts, failure of machinery, delay or failure of transportation, acts of the public enemy, acts of God or acts of any foreign, federal, state or any local government or agents or instrumentalities thereof. The Party (including for purposes of
this provision, each of the Bottlers) claiming excuse of performance must give written notice stating the reasons for its failure to perform hereunder, and may claim such excuse of performance only so long as such force majeure condition exists.
Both parties will use reasonable efforts to mitigate the effects of such events. 
 (b) Remedies. In case of the
occurrence of an event covered by the preceding provision, CCB or Bottlers may at its option: 
 (i) reject any partial
or future performance without liability upon written notice, or 
 (ii) if such occurrence only affects Rexam’s
performance, require Rexam to use its best efforts to supply as much of Bottlers’ total requirements as possible but in no event less than a pro rata share of its remaining capacity allocated among its customers having written supply contracts
of at least one (1) year in duration which were entered into prior to the commencement of the event. 
  

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	24.	Notices. Except for notices and correspondence related solely to an individual Order which shall be sent to the addresses and individuals as shown in the Order, all
notices that are required or permitted to be given pursuant to this Amended and Restated Agreement, and any requests or other communications shall be in writing, and shall be deemed given when personally delivered or received by facsimile, with
confirmation of receipt, or five (5) days after deposited in the United States mail, postage prepaid, or the next business day if sent by overnight courier, at the address set out below for each Party or such other address as either Party may
from time to time notify to the other: 

  

			
	If to Rexam at:
		
	 Attn:
	 	Bill Brandell
	 Title:
	 	Senior VP of Sales & Marketing
	 Rexam Beverage Can Company

	 8770 W. Bryn Mawr Ave.,

	 Chicago, IL 60631

		
	 Attn:
	 	Patrick Sullivan
	 Title:
	 	Vice President Sales
	 Rexam Beverage Can Company

	 11111 Houze Road

	 Suite 105

	 Roswell, GA 30076

	
	 If to CCB (for itself and on behalf of all or any of the Bottlers) at:

		
	 Attn:
	 	Ray Malone
	 Title:
	 	Director of Procurement - Packaging
	 Coca-Cola Bottlers’ Sales & Services Company, LLC

	 3200 Windy Hill Road

	 Suite 300

	 Atlanta, GA 30339

	
	 With a copy to:

	
	 General Counsel

	 Coca-Cola Bottlers’ Sales & Services Company LLC

	 (at above address)

  

	25.	 Entire Amended and Restated Agreement, Amendment, Waiver. Upon execution, this Amended and Restated Agreement, including the attached Exhibits and
other attachments, which are incorporated herein by reference and made a part hereof, shall 

  

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constitute the entire agreement between Rexam and CCB on behalf of the Bottlers with respect to the subject matter hereof, and will, as of its date of
execution, supersede and cancel any prior agreements between the Parties with respect thereto. This Amended and Restated Agreement may not be amended except in writing, and no amendment will be effective unless executed by an authorized officer or
employee of both Parties. The failure of either Party to exercise or enforce any of the terms or conditions of this Amended and Restated Agreement shall not constitute or be deemed a waiver of that Party’s right thereafter to enforce each and
every term and condition of this Amended and Restated Agreement. 

  

	 26.
	 Assignability. This Amended and Restated Agreement shall be binding upon and inure to the benefit of the
successors and assigns of the Parties (Parties here shall refer to CCB, the Bottlers, and Rexam) hereto including, without limitation, a subsidiary, affiliate, purchaser, transferee or successor by merger of substantially all of the business or
assets of either Party, and each Party shall ensure that any succeeding party is bound to the rights and obligations of this Amended and Restated Agreement, provided however, that this Amended and Restated Agreement shall not be assignable or
transferable in any fashion unless the Party proposing to assign and/or transfer the Amended and Restated Agreement shall have received prior written consent from the other Party, except that any Bottler or CCB may assign this Amended and Restated
Agreement to any of its respective wholly-owned or controlled subsidiaries or affiliates under common ownership. Notwithstanding the foregoing, in the event of any Change in Control of Rexam, then the other Parties shall have the right to terminate
this Amended and Restated Agreement. As used herein, a “Change of Control” means (i) the direct or indirect acquisition (by merger, consolidation, business combination or otherwise) by any person or group of persons that is not an
affiliated entity, in a transaction or series of related transactions of the beneficial ownership of 50% or more of the-outstanding voting stock of another person, or (ii) individuals who were directors of a company immediately prior to a transaction involving that company (or their designees) do not constitute a majority of the board of
directors after such transaction, or (iii) the direct or indirect acquisition by any person or group of persons that is not an affiliated entity, in a transaction or series of related transactions of all or substantially all of the assets of
another person. As used 

  

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herein, an “affiliated entity” is a party that directly or indirectly, through one or more intermediaries, controls or is controlled by, or is
under common control with, a Party. In the event of any Change of Control of a Bottler or any disposition, transfer or sale of any of the Filling Locations covered hereunder by any Bottler to any other entity then engaged, directly or indirectly, in
the authorized manufacture or distribution of Coca-Cola products, such Bottler shall require the purchaser or transferee of all or any portion of its can filling operations to assume that portion of this requirements contract that relates to the
portion of its operations being sold or transferred. 

  

	27.	Confidentiality. 

 (a)
CCB, the Bottlers, and Rexam agree not to disclose, and to use their best efforts to prevent disclosure of, confidential or proprietary information relating to this Amended and Restated Agreement or to the subject matter thereof
(“Confidential Information”). All information furnished to one Party by any other Party shall be considered Confidential Information, unless otherwise indicated by the Party furnishing the information. The Specifications will be deemed
Confidential Information disclosed by CCB. This Amended and Restated Agreement shall be deemed Confidential Information disclosed by CCB. 
 (b) Notwithstanding anything in subsection 27(a), above, Confidential Information may be disclosed by a Party pursuant to court order or other process issued by a court or tribunal, provided, however, that the
Party served with such process shall notify the other Party prior to any such disclosure; if the information is in the public domain; the receiving Party can show the information was previously known to it at the time of disclosure; has been
disclosed through no fault of the party; if the information is independently developed by the receiving Party as evidenced by the written records of the receiving Party; if the information is required to be disclosed pursuant to the requirement,
order or directive of a government agency or by operation of law subject to prior consultation with the disclosing Party’s legal counsel; or if the disclosure is expressly consented to by the other parties, in writing and during the Term of
this Amended and Restated Agreement. 
  

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 (c) A Party may disclose Confidential Information to such Party’s direct and
indirect parents, subsidiaries and affiliates and to their respective directors, officers and employees, and each of their accountants, lawyers and other professionals (collectively, the “Permitted Recipients”) who need to know the
confidential or proprietary information; provided, however, that all such Permitted Recipients shall maintain the confidentiality of all such confidential or proprietary information. 
 (d) CCB will be free to disclose the contents of this Amended and Restated Agreement to TCCC and the entities identified in Exhibit
A. 
 (e) No Party may issue any press release or make any public statement with respect to this Amended and Restated
Agreement or any other transaction contemplated herein, without the express written consent of the other Parties, such consent to not be unreasonably withheld. 
 (f) The foregoing obligations will remain in effect for a period of five (5) years from termination of this Amended and
Restated Agreement. Notwithstanding the foregoing, the Performance Criteria will be held in confidence by Rexam forever. 
  

	28.	 Dispute Resolution. In the event there is a dispute over any of the terms of this Amended and Restated Agreement or the fulfillment of any of the
terms by either Party (including any of the Bottlers), or a disagreement over the resolution of any claim made by any of the Bottlers with respect to product or services received from Rexam, then Rexam and CCB as agent (and the affected Bottler(s),
at CCB’s option), shall meet within 30 days of the receipt of written notice of the dispute for the purposes of reaching an amicable resolution. If no amicable resolution is reached, the Parties agree that the dispute shall be submitted to
final and binding arbitration to be conducted in Atlanta, Georgia on a date and at a time convenient to all Parties by and pursuant to the rules and regulations of the American Arbitration Association (“AAA”). Within 30 days of such
submission, each Party shall choose an arbitrator from the list of arbitrators provided by the AAA, and the two chosen arbitrators shall choose a third arbitrator acceptable to them. The Parties shall bear the cost of the arbitrator chosen by each
of them, and the costs of the third arbitrator as well as other related costs of the arbitration, shall be borne 

  

 16 

	 	 
equally by each Party. Once the third arbitrator has been selected, a hearing date shall be set within forty-five (45) days thereafter. Written
submittals shall be presented and exchanged by the Parties fifteen (15) days before the hearing date, including reports prepared by experts upon whom any Party intends to rely. At such time the Parties shall also exchange copies of all
documentary evidence upon which they will rely at the arbitration hearing and a list of the witnesses whom they intend to call to testify at the hearing. Each Party shall also make its respective experts available for deposition by the other Party
prior to the hearing date. The arbitrators shall make their award as promptly as practical after conclusion of the hearing. The arbitrators shall not be bound by any rules of evidence or civil procedure, but rather may consider such writings and
oral presentations as reasonable businessmen would use in the conduct of their day-to-day affairs, and may require the Parties to submit some or all of their presentation orally or in written form as the arbitrator may deem appropriate. Until a
resolution is reached, either by agreement or through arbitration, the terms of this Amended and Restated Agreement shall remain in full force and effect, and in any event, a dispute with one of the Bottlers shall not affect the contractual
relationship between Rexam and the other Bottlers. 

  

	29.	Governing Law. The validity, interpretation and enforcement of the terms of this Amended and Restated Agreement, including those set forth in the attached Exhibits and
attachments, shall be governed by the laws of the State of Illinois, without application of its choice of law rules. 

  

	30.	Severability. In the event that any of the provisions of this Amended and Restated Agreement are held to be unenforceable, the remaining provisions of this Amended and
Restated Agreement will remain in full force and effect. 

  

	31.	Counterparts. This Amended and Restated Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute but one and the same Amended and Restated Agreement. Facsimile signatures shall be binding as if they were originals. 

  

	32.	 Independent Contractor Status. This Amended and Restated Agreement is not intended in any other respect to create, nor should it be construed as
creating, an agency, 

  

 17 

	 	 
joint venture, partnership or employer-employee relationship between CCB and Rexam. Each Party shall act solely as an independent contractor and shall have
no right to act for or to sign the name of or bind the other Party in any way or to make quotations or to write letters under the name of the other Party or to represent that the Party is in any way responsible for any acts or omissions of such
Party. 

  

	33.	Manufacturer’s Authorization Agreement. This Amended and Restated Agreement will be conditioned upon Rexam executing a Manufacturer’s Authorization Agreement
(“MAA”) with TCCC. In case of conflict between the MAA and this Amended and Restated Agreement in respect of an issue covered by both agreements, the MAA will take precedence. 

  

	34.	Compliance with Other Laws. In absence of specific instructions, all Cans shall comply with good commercial practice and the applicable carrier’s tariffs. To the
extent applicable to Rexam in the performance of its obligations hereunder: (a) Rexam shall comply with all applicable state, provincial, federal, and local laws in the manufacture and sale of Cans hereunder (including, to the extent
applicable, Section 202, the equal opportunity clause of Executive Order 11246, as amended, Section 60.7415, the affirmative action clause of the regulations under the Rehabilitation Act of 1973, and Section 60.250.5, the affirmative
action clause of the regulations under 38 U.S.C. 4212, the Vietnam Era Veterans’ Readjustment Assistance Act of 1974); (b) if applicable, Rexam agrees to comply with the provisions of 29 C.F.R. Part 470 and 31 U.S.C.S. Section 1352;
and (c) Rexam’s possession and control and all reasonable requests for actions that are made by the Bottlers to the extent necessary for the Bottlers to comply with the Public Health Security and Bioterrorism Preparedness and Response Act
of 2002. All Cans shall be accompanied by pallet tags, bills of lading or other documentation as required by the Bottlers. 

  

	35.	Survival. The representations, warranties, covenants and obligations contained in Sections 1, 19, 20, 21, 27, 28, 29 and this Section 35 shall survive the
termination or expiration of this Amended and Restated Agreement. 

  

 18 

	36.	Several Liability. The Bottlers shall be severally as to itself only, and not jointly, liable to Rexam and CCB for any failure by any Bottler to perform its
obligations hereunder. Notwithstanding anything in this Amended and Restated Agreement to the contrary, Rexam agrees to look directly and exclusively to each Bottler and not to CCB for remedies for any non-performance in connection with the purchase
and sale of Cans and any Services hereunder. Rexam acknowledges that CCB is acting herein solely as agent for the Bottlers and, as such, shall have no liability for any actual purchases of Cans or compliance with any terms of payment.

  

	37.	Third Party Beneficiaries. All of the entities, subsidiaries, business units and participating affiliates identified in Exhibit A are intended to be third-party
beneficiaries of the rights of CCB under this Amended and Restated Agreement. 

  

	38.	Set-Off. Each party will have the right to set off against amounts which may become payable by the other party under this contract or otherwise, any present or future
indebtedness of said other party, money, prepaid inventory or otherwise, whether arising under an Order or otherwise. 

  

	39.	Supplier Guiding Principles. Rexam and suppliers authorized by Rexam to provide goods or services for CCB and the Bottlers will be required to meet the following
standards with respect to their operations as a whole: 

  

			
	Laws and Regulations	  	Rexam will comply with all applicable laws, rules, regulations and requirements in the manufacture and distribution of products and supplies and in providing services to CCB and
Bottlers.
		
	Child Labor	  	Rexam will not use child labor as defined by local law
		
	Forced Labor	  	Rexam will not use forced or compulsory labor
		
	Abuse of Labor	  	Rexam will not physically abuse labor

  

 19 

			
	Collective Bargaining	  	Rexam will respect employees’ rights to choose whether to be represented by third parties and to bargain collectively in accordance with local law
		
	Wages and Benefits	  	Wages and benefits will comply with local law
		
	Working Hours & Overtime	  	Working hours and overtime will comply with local law
		
	Health and Safety	  	Working conditions will comply with local regulations
		
	Environment	  	Rexam will comply with all applicable environmental laws

 Rexam agrees that it must be able to demonstrate its compliance with these requirements at the
request of and to the satisfaction of CCB. This agreement includes, but is not limited to, CCB and its subsidiaries having the right to inspect any site involved in work for CCB and Bottlers. Any supplier that fails to comply with the foregoing is
subject to immediate termination and any agreements between it and CCB and Bottlers and their subsidiaries will be terminated without penalty to CCB or Bottlers and their subsidiaries, but with obligations to remedy direct damages suffered by CCB or
Bottlers and their subsidiaries remaining. All other policies and guidelines of CCB and its subsidiaries and any other agreements to which Rexam is a party will continue in full force and effect. 
  

 20 

 IN WITNESS WHEREOF, the Parties, through their authorized representatives, have executed this Amended and Restated
Agreement and it shall be effective as of the date set forth above in Section 3. 
  

							
	 /s/ Ron Lewis
	 		 	 /s/ Harry G. Barto

	 Name:
	 	Ron Lewis	 		 	Harry G. Barto
	 Title:
	 	President & CEO	 		 	President and Chief Executive Officer
			
	 COCA-COLA BOTTLERS
 SALES & SERVICES COMPANY, LLC
	 		 	REXAM BEVERAGE CAN COMPANY
			
	As agent for the Bottlers.	 		 	

  

 21 

 EXHIBIT A 
  

	
	Participating CCBA Bottlers
	 Barritt & Son

	 Hamilton, Bermuda

	
	 Atlantic Bottling Company

	 Atlantic, IA 50022

	
	 Baton Rouge Coca-Cola Bottling Company

	 Baton Rouge, LA 70809

	
	 The Cleveland Coca-Cola Bottling Company, Inc

	 Bedford Heights, OH 44146

	
	 Gulf State Canners, Inc

	 Clinton, MS 39056

	
	 Southwest Canners of Texas, Inc.

	 Nacogdoches, TX 75961

	
	 Swire Coca-Cola

	 Fruitland, ID 83619

	
	 Great Plains Coca-Cola Bottling Company

	 Oklahoma City, OK 73147

	
	 Great Plains Coca-Cola Bottling Company

	 Okmulgee, OK 74447

	
	 Chesterman Co.

	 Sioux City, IA 51102

	
	 Viking Coca-Cola Bottling Company

	 St Cloud, MN 56303

  

 22 

	
	Bottler Legal Entity
	
	 The Coca-Cola Bottling Company Consolidated

	 4100 Coca-Cola Plaza

	 Charlotte, NC 28211

	
	Filling Locations
	
	 Coca-Cola Bottling Co Consolidated

	 Charlotte, NC 28216

	
	 Coca-Cola Bottling Company of Mobile, LLC

	 Mobile, AL 36619

	
	 Coca-Cola Bottling Co Consolidated

	 Nashville, TN 37204

	
	 Coca-Cola Bottling Company of Roanoke, Inc.

	 Roanoke, VA 24106

	
	 South Atlantic Canners Inc.

	 Bishopville, SC 29010

	
	Bottler Legal Entity
	
	 Coca-Cola North America

	 A Division of The Coca-Cola Company

	
	Filling Location
	
	 Coca-Cola Bottling Company of Chicago

	 Niles, IL 6071 [will add 2 more locations]

	
	Bottler Legal Entity
	
	 Coca-Cola Enterprises Inc. (“CCE”)

	 P.O. Box 723040

	 Atlanta, GA 31139

  

 23 

			
	CCE Filling Locations
		
	 City
	  	 State

	Abilene	  	TX
	Alsip	  	IL
	Baltimore	  	MD
	Bellevue	  	WA
	Bismarck	  	ND
	Brampton	  	Ontario CN
	Cincinnati	  	OH
	Cleveland	  	TN
	College Park	  	GA
	Dallas	  	TX
	Detroit	  	MI
	Downey	  	CA
	Eagan	  	MN
	El Paso	  	TX
	Flint	  	MI
	Grand Rapids	  	MI
	Great Falls	  	MT
	Little Rock	  	AK
	Indianapolis	  	IN
	Milwaukee	  	WI
	Montgomery	  	AL
	New Orleans	  	LA
	Niles	  	IL
	Portland	  	IN
	Richmond	  	British Columbia CN
	San Leandro	  	CA
	Sandston	  	VA
	Shawnee Mission	  	KS
	St Louis	  	MO
	Tempe	  	AZ
	Twinsburg	  	OH
	Weston	  	Ontario CN
	West Memphis	  	TN
	Wichita	  	KS
	Wilsonville	  	OR

  

 24 

 EXHIBIT B 
 202/211x413 12-oz aluminum beverage can bodies, up to 5 non-combination prints, with up to [***]% of the total annual volume in 6 non-combination prints; Reference Drawing No. [***], input gauge [***] 
 202 diameter aluminum Rexam standard ends; Reference Drawing No. [***]; input gauge [***]; or 202 diameter new design to be designated (subject to mutual
agreement of Rexam and CCB) 
 All Can bodies and ends must meet or exceed specifications, performance and quality criteria as mandated by The Coca-Cola
Company (or any other licensor) as they may change from time to time; any such change may result in an upward or downward price adjustment, if mutually agreed upon, such agreement not to be unreasonably withheld by either Party. 
  

 25 

 EXHIBIT C 
 PRICING SCHEDULE 
  

	A.	PRICING (PER THOUSAND) 

 12-OZ Can Base Prices —
Delivered to all Domestic and Canadian Filling Locations (effective 1/1/06) 
  

							
	 	  	12-OZ
BODIES	  	202
ENDS	  	Total
	 [***]
	  		  		  	
				
	 [***]
	  		  		  	
				
	 [***]
	  		  		  	

 12-OZ Can Base Prices — Delivered to U.S Port for Shipment to Bermuda (effective 1/1/06)

  

							
	 	  	12-OZ
BODIES	  	202
ENDS	  	Total
	 [***]
	  		  		  	
				
	 [***]
	  		  		  	
				
	 [***]
	  		  		  	

 This Bermuda pricing includes [***] for dunnage which is not returned to or Rexam’s designee.

 [***] 
  

	B.	Pricing Components and Adjustments to Price  

  

	 	1.	The can body and end pricing are influenced by the following three factors: 

 The ingot component as determined by Section (a) below; Conversion of ingot to aluminum sheet for body, end and tab stock, as determined by Section (b) below; and Conversion of can sheet to aluminum beverage
cans and ends, as determined by Section (c) below. 
  

 26 

 (a) Ingot. CCB and Rexam affirm and acknowledge that soft tolling, as currently in practice
between CCB (as agent for Coca-Cola Enterprises Inc. and others) and Rexam, is an integral part of the Amended and Restated Agreement and the Parties will use their best efforts to ensure that soft tolling continues, provided however, that both
Parties agree to meet periodically and evaluate the metal purchasing program and address its impact on their respective commercial best interests. The parties acknowledge and agree that: (a) so long as soft tolling is in effect, the ingot price
component will be as agreed to from time to time by the course of dealing by and among CCB, Rexam, and CCB’s directed metal supplier; and, to the extent such directed metal supplier dictates any future price adjustments to Rexam for any
metal-related purchases made on CCB’s and/or the Bottler’s behalf, Rexam shall have the right to pass through to the Bottlers any such pricing adjustment; and (b) if soft tolling is for any reason eliminated in the provision of can
bodies and ends under the Amended and Restated Agreement, the Parties will discuss a mutually agreeable price adjustment, if any, and will mutually agree on how to calculate changes in ingot pricing. The above prices are based on the 1/1/06 ingot
price of [***] per pound, determined by the six-month trailing average US Transaction Price (USTP) formula which is comprised of the daily LME cash average for the period plus the daily average of the US Midwest Premium as published in
Platts Metals Week, adjusted on April 1 and October 1 each year. Prices effective from April 1 - September 30 will be based on the average monthly USTP for the preceding September - February. Prices effective from
October 1 - March 31 will be based on the average monthly USTP for the preceding March - August. At the inception of this Agreement, the price will be subject to an adjustment of [***] for each $.01/lb. in the USTP. 
 (b) Conversion of Ingot to Can Sheet (“ICS”). The Parties acknowledge and agree that: (a) so long as soft tolling is in
effect, adjustments in the conversion of ingot to can sheet component will be as agreed to from time to time by the course of dealing by and among CCB, Rexam and CCB’s directed metal supplier; and, to the extent such directed metal supplier
dictates any future price adjustments to Rexam for any conversion fees relating to metal purchases made on CCB’s and/or the Bottlers’ behalf, Rexam shall have the right to pass through to the Bottlers any such pricing adjustment; and
(b) if soft tolling is for any reason eliminated in the provision of can bodies and ends under the Amended and Restated Agreement, that the Parties will discuss a mutually agreeable price adjustment, if any, and will mutually agree on how to
calculate adjustments in the conversion of ingot to can sheet fees. [The above prices are based on the 4/1/05 Ingot to Can Sheet Conversion prices of [***] per pound for 12-oz bodies at [***], [***] per pound for 202 lids at [***] input gauge,
and [***] per pound for 202 tabs at [***] input gauge.] The gross weight factor used to compute price adjustments of containers at inception of this agreement is [***] 1bs./M. The gross weight factors by component are as follows:

  

			
	 Body
	  	[***] lbs./M
	 End
	  	[***] lbs./M
	 Tab
	  	[***] lbs./M

  

 27 

 (c) Conversion of Can Sheet to Cans (“CCP”). The Conversion of Can Sheet to Cans
“CCP” is calculated by subtracting the sum of (a) and (b) in Section B. of Exhibit C from the total base price outlined in Section A of Exhibit C. Effective April 1st of each year during the term of the Amended and Restated
Agreement, a can sheet to cans conversion factor will be increased (or decreased) by a percentage equal to [***], if any, (commencing on April 1, 2005) in the Producer Price Index for Intermediate Materials, Supplies and Components
(“PPI”) (Index Code WPUSOP 2000) for the period ending December 31st of the preceding year. The 1/1/06 can sheet to cans conversion price per thousand factor, used to compute the PPI price adjustment, is $[***] ($[***]
for 12-oz bodies and $[***] for 202 ends.) 
  

	 	2.	Adjustments resulting from other cost increases or decreases and/or changes in market conditions. (a) In the event of changes in the cost of items which are
either not reflected in, or are in excess of, the then most recent year over year upward or downward movement of the PPI, or (b) in the event of general increases or decreases in the price of the Cans in the marketplace not otherwise covered
hereunder, Rexam will discuss such changes with CCB. (c) Any reduction in Rexam’s manufacturing costs resulting from the directions of Bottlers, CCB or The Coca-Cola Company, or driven by mutually beneficial programs, will be passed
through to Bottlers as a price reduction as mutually agreed between Rexam and CCB, as agent for Bottlers. 

  

	 	3.	[***] 

  

	 	4.	[***] 

  

	 	5.	[***] 

  

	 	6.	[***] 

  

 28 

 EXHIBIT D 
 CUSTOMER EQUIPMENT SERVICE CHARGE POLICY 
 Rexam’s Customer Equipment Service (CES) personnel are available for
mechanical assistance (both scheduled and emergency), training and trouble shooting in addition to product quality and line efficiency improvement assistance. Many of our services are supplied at no additional cost, however Bottlers are integral to
managing service cost effectively. The below policy will not become effective until 1/1/07: 
  

			
	 BILLING CHARGES
	  	 
	 Regular Time (Monday - Friday, 8:00 am - 5:00 pm)
	  	[***]/hr
	 Overtime Time (Monday - Friday, before 8:00 am & after 5:00 pm)
	  	[***]/hr
	 Saturday, Sunday or Holiday
	  	[***]/hr
	 Travel Time (overtime, weekends and holidays only)
	  	[***]/hr

 Note: Rexam Beverage Can Company does not charge for any travel related expenses, e.g., air fare,
hotel, rental car, meals, etc. except in those cases in which additional assistance is required from CES Reps out of their normal service area. In these cases, estimates of such expenses and labor costs shall be approved in advance by the relevant
Bottler(s) and actual expenditures will be billed for the additional Service Rep(s) upon completion of service. 
 NON-CHARGEABLE SERVICES 

All services rendered during normal business hours, Monday through Friday, 8:00 am to 5:00 pm with the exception of the noted chargeable services below. 
 CHARGEABLE SERVICES 
 Services rendered for the purpose of closing
machine overhauls, tooling changes, audits, emergency breakdowns, new equipment installations, size conversion, and any product performance related services deemed to be solely equipment related. 
 PROCEDURE 
 All aspects of the proposed work will be discussed
by the Rexam Beverage Can Company Customer Equipment Service representative with either the plant manager, maintenance manager or production supervisor, arriving at a mutually agreed upon and documented scope of work. A customer purchase order will
be required prior to work initiation and a customer signature on the representative’s charge report is also requested upon the satisfactory completion of the work. 
  

	*	Rates may be adjusted annually in January of each year by mutual agreement of the parties. 

  

 29 

 EXHIBIT E 
 Return of all packaging materials delivered to Bottler by Rexam, including plastic pallets, end pallets, top frames and separator sheets (collectively, “Dunnage”), shall be arranged by Rexam or Rexam’s designee at
Rexam’s expense, provided however, that in the event that Bottler provides its own carrier for return of Dunnage, such Bottler shall receive a credit from Rexam, for full truckload quantities only, that shall be based upon mutually agreed
backhaul rates. Such Dunnage shall be returned in not less than commercially usable condition, normal wear and tear excepted, acceptable by Rexam in full truckload quantities only, to the location designated by Rexam in writing, in accordance with
Rexam’s reasonable requirements as set out in the Dunnage Return Instruction Sheets attached hereto as Exhibits E-1 and E-2. Rexam may from time to time update such Dunnage Return Instruction Sheets. Rexam or Rexam’s designee will promptly
notify Bottler of any discrepancies in the amount of Dunnage returned when compared with the amount delivered and will provide written reconciliation no less frequently than quarterly. To the extent that Rexam or Rexam’s designee reasonably
determines that Dunnage has been returned in unusable condition, normal wear and tear excepted; or in amounts less than amounts delivered to Bottler, Bottler will be billed no less than quarterly for such damage or shortfall at the rates set forth
on Exhibit F attached hereto. 
  

 30 

 Exhibits E-1 
 DUNNAGE RETURN INSTRUCTION SHEETS 
 To be attached. 
  

 31 

 Exhibits E-2 
 DUNNAGE RETURN INSTRUCTION SHEETS 
 To be attached. 
  

 32 

 EXHIBIT F 
 DUNNAGE MATERIALS LIST* 
  

			
	 ITEM
	  	 COST

	 PALLETS
	  	[***] EACH
		
	 TOPFRAME
	  	[***] EACH
		
	 SEPARATOR SHEET
	  	[***] EACH

  

	*	Rexam reserves the right to adjust these rates periodically by mutual agreement not unreasonably withheld. 

  

 33 

 EXHIBIT G 
 WARRANTY AND LIMITED LIABILITY 
 (a) Rexam hereby warrants that the cans (bodies and ends) shall be
free from defects in workmanship and materials, shall be merchantable and fit for their intended use as beverage containers, and shall conform to the specifications set forth in Exhibit B attached hereto. 
 (b) Rexam warrants that the production and packaging of Cans will comply with all applicable national, regional and local laws, rules, regulations,
ordinances and orders, and that Rexam has obtained the necessary approvals from all certification bodies. 
 (c) Rexam warrants that the
Cans, as of the date of shipment and/or delivery are not adulterated or misbranded within the meaning of any applicable national, regional and local laws, rules, regulations, ordinances and orders of the country where the Cans are manufactured and
delivered. 
 (d) Rexam warrants that the packaging of the Cans, and the labeling on the packaging will comply with all applicable national,
regional and local laws, rules, regulations, norms, ordinances and orders, relating to the transport of Cans. 
 (e) Coding and Scannability.
Unless otherwise authorized by CCB, all labeled Cans will bear coding for pricing and inventory tracking. Rexam warrants that all coding will be properly encoded, applied and scannable in accordance with all applicable national, regional and local
laws, rules, regulations, ordinances and orders and applicable industry standards. For Cans intended for use in the United States, labeled Cans will bear Universal Product Codes in accordance with the standards of the Uniform Code Council, which
will be scannable to an ANSI grade of B or better. 
 (f) Rexam warrants that neither the design, manufacture and function of the Cans nor
the provision, use or sale thereof will in any way infringe upon or violate any patent, trademark, trade secret, copyright or other rights of any party; provided, however, that Rexam will not be liable for such infringement in respect of infringing
features specified by CCB over the written objections of Rexam unless Rexam actually knew, or should have known, of the infringement and did not notify CCB. 
 (g) Rexam warrants that Rexam will have and transfer to Bottlers good and marketable title to all Cans delivered hereunder. 
 EXCEPT AS EXPRESSLY STATED ABOVE, THERE ARE NO OTHER WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. 
 (h) Rexam
shall not be liable to any Bottler or to any other person where the claimed damages result from: (i) Bottler’s faulty assembly or closure of the can body and loose end; (ii) rust or outside corrosion on containers occurring after
Bottler’s receipt, except when caused by Rexam’s faulty workmanship or imperfect materials; (iii) the failure of Bottler (or any other party excluding Rexam, from time to time having custody or control of allegedly defective 

  

 34 

 
goods) to exercise reasonable care in conveying, warehousing, using, packing, handling, distributing or storing filled or unfilled containers; or
(iv) the failure of empty or filled containers exported to or used in foreign countries unless a special warranty has been specifically approved by Rexam to cover such exported containers; (v) defects in metal or failure of Bottler’s
supplier to deliver metal to Rexam where Bottler (or CCB) is supplying such metal to Rexam. 
 (i) Rexam shall give immediate consideration
to settlement of a Bottler’s claims, but in no event shall Rexam be liable on any claim unless notice thereof is received by Rexam promptly following a Bottler’s discovery of an alleged defect in a container. 
 (j) In the event of Rexam’s breach of warranty, Rexam shall be liable for, and Rexam’s liability to any Bottler hereunder shall be limited to,
such Bottler’s cost of the defective containers, cost of the contents of the containers lost as a direct result of the defect, and the reasonable cost of recovery and disposition of defective containers (but as to the latter, only to the extent
reasonably required). Rexam shall in no event be liable to Bottler for indirect or consequential damages including but not limited to lost profits or lost business. However, except as set forth in subsection (h) hereof, Rexam shall be
responsible for claims by third parties (including governmental entities) to the extent arising out of a breach of warranty provided that Rexam is given adequate notice of such claim and the opportunity to defend such claim by counsel of its own
choosing. 
 (k) All warranties will survive inspection, testing and acceptance of the goods by Bottler and expiration or termination of this
Amended and Restated Agreement. 
  

 35Supplemental Savings Incentive Plan

 Exhibit 10.3 
 COCA-COLA BOTTLING CO. CONSOLIDATED 
 SUPPLEMENTAL SAVINGS INCENTIVE PLAN 
 (AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2007) 

 COCA-COLA BOTTLING CO.
CONSOLIDATED 
 SUPPLEMENTAL SAVINGS INCENTIVE PLAN

 (Amended and Restated Effective January 1, 2007) 
 Table of Contents 
  

					
	 	  	 	  	Page
	ARTICLE I DEFINITIONS	  	1
	 1.1
	  	Adjustment Date	  	1
	 1.2
	  	Affiliate	  	1
	 1.3
	  	Authorized Leave of Absence	  	1
	 1.4
	  	Beneficiary	  	1
	 1.5
	  	Board	  	1
	 1.6
	  	Bonus	  	1
	 1.7
	  	Bonus Deferral Election	  	2
	 1.8
	  	Change in Control	  	2
	 1.9
	  	Class Year Deferral	  	3
	 1.10
	  	Code	  	4
	 1.11
	  	Committee	  	4
	 1.12
	  	Company	  	4
	 1.13
	  	Deferral Election	  	4
	 1.14
	  	Deferred Retirement	  	4
	 1.15
	  	Disability Retirement-Regular	  	4
	 1.16
	  	Disability Retirement-Special	  	4
	 1.17
	  	Early Retirement-Regular	  	5
	 1.18
	  	Early Retirement-Special	  	5
	 1.19
	  	Earnings	  	5
	 1.20
	  	Effective Date	  	5
	 1.21
	  	Employee	  	5
	 1.22
	  	ERISA	  	5
	 1.23
	  	Fixed Benefit Option Account	  	5
	 1.24
	  	Investment Option	  	5
	 1.25
	  	Investment Subaccount	  	5
	 1.26
	  	Net Gain (Loss) Equivalent	  	6
	 1.27
	  	Normal Retirement	  	6
	 1.28
	  	Normal Retirement Age	  	6
	 1.29
	  	Participant	  	6
	 1.30
	  	Participating Company	  	6
	 1.31
	  	Plan	  	7
	 1.32
	  	Plan Administrator	  	7
	 1.33
	  	Plan Year	  	7
	 1.34
	  	Post-2005 Company Contributions	  	7
	 1.35
	  	Post-2005 Company Contribution Subaccount	  	7
	 1.36
	  	Post-2005 Deferrals	  	7
	 1.37
	  	Post-2005 Deferral Subaccount	  	7
	 1.38
	  	Post-2005 Discretionary Contributions	  	7

  

 i 

					
	 1.39
	  	Post-2005 Discretionary Contribution Subaccount	  	7
	 1.40
	  	Post-2005 Matching Contributions	  	8
	 1.41
	  	Post-2005 Matching Contribution Subaccount	  	8
	 1.42
	  	Post-2005 Supplemental Account	  	8
	 1.43
	  	Pre-2006 Company Contributions	  	8
	 1.44
	  	Pre-2006 Company Contribution Subaccount	  	8
	 1.45
	  	Pre-2006 Deferrals	  	8
	 1.46
	  	Pre-2006 Deferral Subaccount	  	8
	 1.47
	  	Pre-2006 Discretionary Contributions	  	8
	 1.48
	  	Pre-2006 Discretionary Contribution Subaccount	  	8
	 1.49
	  	Pre-2006 Matching Contributions	  	9
	 1.50
	  	Pre-2006 Matching Contribution Subaccount	  	9
	 1.51
	  	Pre-2006 Supplemental Account	  	9
	 1.52
	  	Retire	  	9
	 1.53
	  	Retirement	  	9
	 1.54
	  	Salary	  	9
	 1.55
	  	Salary Deferral Election	  	9
	 1.56
	  	Severance	  	9
	 1.57
	  	Surviving Spouse	  	10
	 1.58
	  	Termination of Employment	  	10
	 1.59
	  	Total Disability	  	10
	 1.60
	  	Transition Contributions	  	10
	 1.61
	  	Transition Contribution Account	  	10
	 1.62
	  	Unforeseeable Emergency	  	10
	 1.63
	  	Vested Percentage	  	11
	 1.64
	  	Year of Service	  	12
		
	ARTICLE II ELIGIBILITY AND PARTICIPATION	  	13
	 2.1
	  	Eligibility	  	13
	 2.2
	  	Participation	  	13
	 2.3
	  	Duration of Participation	  	13
	 2.4
	  	Deferral Elections	  	13
	 2.5
	  	Deemed Investment Elections	  	14
	 2.6
	  	Effect of Change in Status	  	16
		
	ARTICLE III COMPANY CONTRIBUTIONS	  	18
	 3.1
	  	Matching Contributions	  	18
	 3.2
	  	Discretionary Contributions	  	18
	 3.3
	  	Transition Contributions	  	19
		
	ARTICLE IV DISTRIBUTION PROVISIONS WITH RESPECT TO THE FIXED BENEFIT OPTION ACCOUNT AND THE PRE-2006 SUPPLEMENTAL ACCOUNT	  	21
	 4.1
	  	General	  	21
	 4.2
	  	In-Service Distribution During 2005	  	21
	 4.3
	  	Special Payment Elections for Amounts Not Withdrawn Pursuant to Section 4.2	  	21
	 4.4
	  	Timing of Monthly Installments	  	22
	 4.5
	  	Death of Participant Following Commencement of Monthly Installments	  	23
	 4.6
	  	Special Provisions for “Specified Employees”	  	23
	 4.7
	  	Amount of Benefit under the Fixed Benefit Option Account	  	23

  

 ii 

					
	 4.8
	  	Amount of Benefit from a Participant’s Pre-2006 Supplemental Account	  	25
	 4.9
	  	Reemployment	  	25
		
	 ARTICLE V DISTRIBUTION PROVISIONS WITH RESPECT TO THE POST-2005 SUPPLEMENTAL ACCOUNT
	  	26
	 5.1
	  	General	  	26
	 5.2
	  	Payment Elections	  	26
	 5.3
	  	Timing of Lump Sum Payments	  	27
	 5.4
	  	Timing of Monthly Installments	  	27
	 5.5
	  	Death of Participant Following Commencement of Monthly Installments	  	28
	 5.6
	  	Special Provisions for “Specified Employees”	  	28
	 5.7
	  	Amount of Benefit from a Participant’s Post-2005 Supplemental Account	  	28
	 5.8
	  	Reemployment	  	29
		
	 ARTICLE VI DISTRIBUTION PROVISIONS WITH RESPECT TO THE TRANSITION CONTRIBUTION ACCOUNT
	  	30
	 6.1
	  	General	  	30
	 6.2
	  	Payment Elections	  	30
	 6.3
	  	Timing of Monthly Installments	  	31
	 6.4
	  	Death of Participant Following Commencement of Monthly Installments	  	31
	 6.5
	  	Special Provisions for “Specified Employees”	  	31
	 6.6
	  	Amount of Benefit from a Participant’s Transition Contribution Account	  	31
	 6.7
	  	Reemployment	  	32
		
	 ARTICLE VII ADVANCE PAYMENT FOR UNFORESEEABLE EMERGENCIES
	  	33
	 7.1
	  	Advance Payment for Unforeseeable Emergencies	  	33
	 7.2
	  	Payments from Accounts for Advance Payment for Unforeseeable Emergencies	  	33
		
	 ARTICLE VIII PRE-RETIREMENT DEATH BENEFIT
	  	34
	 8.1
	  	Eligibility	  	34
	 8.2
	  	Method of Payment	  	34
	 8.3
	  	Timing of Payment	  	34
	 8.4
	  	Amount of Benefit under the Fixed Benefit Option Account	  	34
	 8.5
	  	Amount of Benefit from a Participant’s Pre-2006 Supplemental Account	  	36
	 8.6
	  	Amount of Benefit from a Participant’s Post-2005 Supplemental Account	  	36
	 8.7
	  	Amount of Benefit from a Participant’s Transition Contribution Account	  	37
		
	 ARTICLE IX CHANGE IN CONTROL BENEFIT
	  	38
	 9.1
	  	Eligibility	  	38
	 9.2
	  	Method of Payment	  	38
	 9.3
	  	Timing of Payment	  	38
	 9.4
	  	Amount of Benefit under the Fixed Benefit Option Account	  	38
	 9.5
	  	Amount of Benefit from the Participant’s Pre-2006 Supplemental Account	  	39
	 9.6
	  	Amount of Benefit from the Post-2005 Supplemental Account	  	39
	 9.7
	  	Amount of Benefit from the Transition Contribution Account	  	40
	 9.8
	  	Payments to Beneficiary	  	40
	 9.9
	  	Benefits Pending or in Progress	  	40
		
	 ARTICLE X ACCOUNTS
	  	42
	 10.1
	  	Establishment of Accounts	  	42
	 10.2
	  	Accounting	  	42

  

 iii 

					
	ARTICLE XI ADMINISTRATION OF THE PLAN	  	45
	 11.1
	  	Powers and Duties of the Plan Administrator	  	45
	 11.2
	  	Agents	  	45
	 11.3
	  	Reports to the Committee	  	45
	 11.4
	  	Limitations on the Plan Administrator	  	45
	 11.5
	  	Benefit Elections, Procedures and Calculations	  	45
	 11.6
	  	Calculation of Benefits	  	46
	 11.7
	  	Instructions for Payments	  	46
	 11.8
	  	Claims for Benefits	  	46
	 11.9
	  	Hold Harmless	  	47
	 11.10
	  	Service of Process	  	48
		
	 ARTICLE XII DESIGNATION OF BENEFICIARIES
	  	49
	 12.1
	  	Beneficiary Designation	  	49
	 12.2
	  	Failure to Designate Beneficiary	  	49
		
	 ARTICLE XIII WITHDRAWAL OF PARTICIPATING COMPANY
	  	50
	 13.1
	  	Withdrawal of Participating Company	  	50
	 13.2
	  	Effect of Withdrawal	  	50
		
	 ARTICLE XIV AMENDMENT OR TERMINATION OF THE PLAN
	  	51
	 14.1
	  	Right to Amend or Terminate Plan	  	51
	 14.2
	  	Notice	  	51
		
	 ARTICLE XV GENERAL PROVISIONS AND LIMITATIONS
	  	52
	 15.1
	  	No Right to Continued Employment	  	52
	 15.2
	  	Payment on Behalf of Payee	  	52
	 15.3
	  	Nonalienation	  	52
	 15.4
	  	Missing Payee	  	53
	 15.5
	  	Required Information	  	53
	 15.6
	  	No Trust or Funding Created	  	53
	 15.7
	  	Binding Effect	  	53
	 15.8
	  	Merger or Consolidation	  	54
	 15.9
	  	Entire Plan	  	54
	 15.10
	  	Withholding	  	54
	 15.11
	  	Compliance with Section 409A of the Code	  	54
	 15.12
	  	Construction	  	54
	 15.13
	  	Applicable Law	  	54

 Exhibit A – Participating Employers 
  

 iv 

 Coca-Cola Bottling Co. Consolidated 
 Supplemental Savings Incentive Plan 
 (Amended and Restated Effective
January 1, 2007) 
 PREAMBLE 
 This Plan is designed to enhance the earnings and growth of the Participating Company. The Plan rewards selected key Employees with the opportunity to forego current Earnings in exchange for savings, wealth accumulation, retirement and
survivor benefits. Such benefits are intended to supplement savings, wealth accumulation, retirement and survivor benefits from other sources. By providing such supplemental benefits, the Plan enables the Participating Company to attract superior
key Employees, to encourage them to make careers with the Participating Company, and to give them additional incentive to make the Participating Company more profitable. 
 The Plan became effective on April 1, 1990, was amended and restated effective December 1, 1990, was amended and restated effective January 1, 2001 by an Instrument of Coca-Cola Bottling Co.
Consolidated dated March 23, 2001, was further amended and restated effective January 1, 2001 by an Instrument of Cola-Cola Bottling Co. Consolidated dated July 26, 2001, was further amended and restated effective December 28,
2003 and was further amended and restated effective as of January 1, 2005. Effective January 1, 2007, this Instrument supersedes and replaces the amended and restated Plan effective January 1, 2005. The Committee has reserved the
right to amend the Plan from time to time in whole or in part, and the Committee has authorized the amendment and restatement of the Plan set forth below. 

 ARTICLE I 
 DEFINITIONS 
 Whenever used herein and capitalized, the following terms shall have the respective
meanings indicated unless the context plainly requires otherwise: 
  

	1.1	Adjustment Date 

 December 31st of each year,
the date of a Change in Control, and any other date during the calendar year specified by the Plan Administrator, upon or as of which Pre-2006 Supplemental Accounts, Post-2005 Supplemental Accounts and Transition Contribution Accounts are adjusted
as set forth in Article X. 
  

	1.2	Affiliate 

 Any corporation or other entity with
respect to which the Company owns, directly or indirectly, 100% of the corporation’s or other entity’s outstanding capital stock or other equity interest, and any other entity with respect to which the Company owns directly or indirectly
50% or more of such entity’s outstanding capital stock or other equity interest and which the Committee designates as an Affiliate. 
  

	1.3	Authorized Leave of Absence 

 Either (a) a
leave of absence authorized by the Participating Company in its sole and absolute discretion (the Participating Company is not required to treat different Employees comparably), provided that the Employee returns to a Participating Company within
the period specified, or (b) an absence required to be considered an Authorized Leave of Absence by applicable law. 
  

	1.4	Beneficiary 

 The beneficiary or beneficiaries
designated by a Participant pursuant to Article XII to receive the benefits, if any, payable on behalf of the Participant under the Plan after the death of such Participant, or when there has been no such designation or an invalid designation, the
individual or entity, or the individuals or entities, who will receive such amount. 
  

	1.5	Board 

 The Board of Directors of the Company.

  

	1.6	Bonus 

 An amount which is awarded and payable by
the Participating Company or an Affiliate to the Employee under the Company’s Annual Bonus Plan (“Annual Plan”) or the Company’s Long Term Performance Plan (“LTPP”) in the calendar year next following the “Bonus
Performance Period” designated under the Annual Plan or the LTPP, as applicable, which is the performance period during which the Employee performed the employment for which the Bonus is awarded. 

	1.7	Bonus Deferral Election 

 The Participant’s
irrevocable written election, made in accordance with Section 2.4, to forego the receipt of a stipulated amount of a Bonus. 
  

	1.8	Change in Control 

 Any of the following:

  

	 	(a)	The acquisition or possession by any person, other than Harrison Family Interests (as defined in Paragraph (e)(1) of this Section), of beneficial ownership of shares of the
Company’s capital stock having the power to cast more than 50% of the votes in the election of the Board or to otherwise designate a majority of the members of the Board; or 

  

	 	(b)	At any time when Harrison Family Interests do not have beneficial ownership of shares of the Company’s capital stock having the power to cast more than 50% of the votes in the
election of the Board or to otherwise designate a majority of the members of the Board, the acquisition or possession by any person, other than Harrison Family Interests, of beneficial ownership of shares of the Company’s capital stock having
the power to cast both (i) more than 20% of the votes in the election of the Board and (ii) a greater percentage of the votes in the election of the Board than the shares beneficially owned by Harrison Family Interests are then entitled to
cast; or 

  

	 	(c)	The sale or other disposition of all or substantially all of the business and assets of the Company and its subsidiaries (on a consolidated basis) outside the ordinary course of
business in a single transaction or series of related transactions, other than any such sale or disposition to a person controlled, directly or indirectly, by the Company or to a person controlled, directly or indirectly, by Harrison Family
Interests that succeeds to the rights and obligations of the Company with respect to the Plan; or 

  

	 	(d)	Any merger or consolidation of the Company with another entity in which the Company is not the surviving entity and in which either (i) the surviving entity does not succeed to
the rights and obligations of the Company with respect to the Plan or (ii) after giving effect to the merger, a “Change in Control” under Subsection (a) or (b) of this Section would have occurred as defined therein were the
surviving entity deemed to be the Company for purposes of Subsections (a) and (b) of this Section (with appropriate adjustments in the references therein to “capital stock” and “the Board” to properly reflect the voting
securities and governing body of the surviving entity if it is not a corporation). 

  

	 	(e)	For purposes of this Section: 

  

	 	(1)	“Harrison Family Interests” means and includes, collectively, the lineal descendants of J. Frank Harrison, Jr. (whether by blood or adoption), any decedent’s estate
of any of the foregoing, any trust primarily for the benefit of any one or more of the foregoing, any person controlled, directly or indirectly, by any one or more of the foregoing, and any person in which any one or more of the foregoing have a
majority of the equity interests; 

  

 2 

	 	(2)	“person” includes an entity as well as an individual, and also includes, for purposes of determining beneficial ownership, any group of persons acting in concert to
acquire or possess such beneficial ownership; 

  

	 	(3)	“beneficial ownership” has the meaning ascribed to such term in Rule 13d-3 of the Securities Exchange Act of 1934; 

  

	 	(4)	“control” of a person means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such person; and

  

	 	(5)	“subsidiary” of the Company means any person as to which the Company, or another subsidiary of the Company, owns more than 50% of the equity interest or has the power to
elect or otherwise designate a majority of the members of its board of directors or similar governing body. 

  

	 	(f)	Notwithstanding any other provision of this Section, the revocable appointment of a proxy to vote shares of the Company’s capital stock at a particular meeting of shareholders
shall not of itself be deemed to confer upon the holder of such proxy the beneficial ownership of such shares. If any person other than Harrison Family Interests would (but for this sentence) share beneficial ownership of any shares of the
Company’s capital stock with any Harrison Family Interests, then such person shall be deemed the beneficial owner of such shares for purposes of this definition only if and to the extent such person has the power to vote or direct the voting of
such shares otherwise than as directed by Harrison Family Interests and otherwise than for the benefit of Harrison Family Interests. 

  

	1.9	Class Year Deferral 

 The following shall
collectively constitute a Class Year Deferral for a Participant with respect to each Plan Year beginning after 2005: 
  

	 	(a)	The deferral of the Participant’s Salary under Section 2.4, including any Net Gain (Loss) Equivalent attributable thereto; 

  

	 	(b)	The deferral of any portion of the Participant’s Bonus under Section 2.4, including any Net Gain (Loss) Equivalent attributable thereto; 

  

	 	(c)	Post-2005 Matching Contributions credited to the Plan for a Participant, including any Net Gain (Loss) Equivalent attributable thereto; and 

  

 3 

	 	(d)	Post-2005 Discretionary Contributions credited to the Plan for a Participant, including any Net Gain (Loss) Equivalent attributable thereto. 

  

	1.10	Code 

 The Internal Revenue Code of 1986, as
amended. References thereto shall include the valid and binding governmental regulations, court decisions and other regulatory and judicial authority issued or rendered thereunder. 
  

	1.11	Committee 

 The Compensation Committee of the Board.

  

	1.12	Company 

 Coca-Cola Bottling Co. Consolidated, a
Delaware corporation, and where appropriate any subsidiary thereof, or any entity which succeeds to its rights and obligations with respect to the Plan; provided, however, that for purposes of Section 1.6, “Company” shall mean only
Coca-Cola Bottling Co. Consolidated, a Delaware corporation, and any entity which succeeds to its rights and obligations with respect to the Plan. 
  

	1.13	Deferral Election 

 A Salary Deferral Election or a
Bonus Deferral Election. 
  

	1.14	Deferred Retirement 

 A Participant’s
Termination of Employment, other than on account of death, after the last day of the month coinciding with or during which the Participant attains Normal Retirement Age but before the end of the calendar year in which the Participant attains age 70.
If the Participant is still employed with the Participating Company or an Affiliate at the end of the calendar year in which the Participant attains age 70, the Participant shall be deemed to have taken Deferred Retirement on the last day of that
calendar year. 
  

	1.15	Disability Retirement-Regular 

 Attaining age 55
while subject to a Total Disability if (i) the Total Disability caused a Termination of Employment, (ii) the Total Disability has continued from the Termination of Employment until age 55 and (iii) the Participant has less than 20
Years of Service (including Years of Service credited for time while the Total Disability continued) upon attaining age 55. The Participant will be deemed to have taken Disability Retirement- Regular upon attaining age 55. 
  

	1.16	Disability Retirement-Special 

 Attaining age 55
while subject to a Total Disability if (i) the Total Disability caused a Termination of Employment, (ii) the Total Disability has continued from the Termination of Employment until age 55 and (iii) the Participant has 20 or more Years
of Service 

  

 4 

 
(including Years of Service credited for time while the Total Disability continued) upon attaining age 55. The Participant will be deemed to have taken
Disability Retirement- Special upon attaining age 55. 
  

	1.17	Early Retirement-Regular 

 Termination of
Employment, other than on account of death, after attaining age 55 but prior to the earlier of attaining age 60 or completing 20 Years of Service. 
  

	1.18	Early Retirement-Special 

 Termination of
Employment, other than on account of death, after attaining age 55 and completing 20 Years of Service, but prior to attaining age 60. 
  

	1.19	Earnings 

 With respect to an Employee, Salary and
Bonuses payable by the Participating Company to the Employee. 
  

	1.20	Effective Date 

 The Effective Date of this
amendment and restatement of the Plan is January 1, 2007. 
  

	1.21	Employee 

 A person who is a common-law employee of
the Participating Company. 
  

	1.22	ERISA 

 The Employee Retirement Income Security Act
of 1974, amended. References thereto shall include the valid and binding governmental regulations, court decisions and other regulatory and judicial authority issued or rendered thereunder. 
  

	1.23	Fixed Benefit Option Account 

 With respect to each
Participant, the separate bookkeeping account consisting of the Participant’s Pre-2006 Deferrals and Pre-2006 Company Contributions not allocated to the Participant’s Pre-2006 Supplemental Account. 
  

	1.24	Investment Option 

 An investment option designated
by the Plan Administrator pursuant to Section 2.5(e). 
  

	1.25	Investment Subaccount 

 One or more subaccounts kept
as part of: 
  

	 	(a)	A Participant’s Pre-2006 Supplemental Account to account for Pre-2006 Deferrals or Pre-2006 Company Contributions, as applicable; 

  

 5 

	 	(b)	A Participant’s Post-2005 Supplemental Account to account for Post-2005 Deferrals or Post-2005 Company Contributions, as applicable; or 

  

	 	(c)	A Participant’s Transition Contribution Account to account for Transition Contributions; 

 which are deemed to be invested in the Investment Option to which the subaccount relates, and the Net Gain (Loss) Equivalent attributable thereto.

  

	1.26	Net Gain (Loss) Equivalent 

 With respect to each
Adjustment Date, the dollar amount equivalent to be credited to or debited from, as the case may be, each of the Participant’s Investment Subaccounts. The amount of the Net Gain (Loss) Equivalent of a particular Investment Subaccount shall
equal the amount of investment gain or loss which would have been experienced had the Investment Subaccount balance been invested in the Investment Option to which it relates. As of each Adjustment Date, the Plan Administrator shall determine the
Net Gain (Loss) Equivalent, taking into due account additions to and subtractions from the Investment Subaccount since the next preceding Adjustment Date. 
  

	1.27	Normal Retirement 

 A Participant’s Termination
of Employment, other than on account of death, on the last day of the month coinciding with or during which the Participant attains Normal Retirement Age. 
  

	1.28	Normal Retirement Age 

 Age 60. 
  

	1.29	Participant 

 As of any date, (a) any Employee
who commences participation in the Plan as provided in Article II, (b) a former Employee who is eligible for a benefit under the Plan, or (c) a former Employee whose employment terminated on account of Total Disability and who may later
become eligible for a benefit under the Plan. 
  

	1.30	Participating Company 

 Subject to the provisions of
Article XIII, “Participating Company” means the Company and any Affiliate which adopts the Plan for the benefit of its selected key Employees. Each Participating Company shall be deemed to appoint the Committee as its exclusive agent to
exercise on its behalf all of the power and authority conferred by the Plan upon the Company and accept the delegation to the Plan Administrator of all the power and authority conferred upon the Plan Administrator by the Plan. The authority of the
Committee to act as such agent shall continue until the Plan is terminated as to the Participating Company. The term “Participating Company” shall be construed as if the Plan were solely the Plan of such Participating Company, unless the
context plainly requires otherwise. 
  

 6 

	1.31	Plan 

 The Coca-Cola Bottling Co. Consolidated
Supplemental Savings Incentive Plan, as contained herein and as it may be amended from time to time hereafter. 
  

	1.32	Plan Administrator 

 The Executive Vice President
and Assistant to the Chairman or such other person designated by such individual or by the Chief Executive Officer of the Company. 
  

	1.33	Plan Year 

 The 12-month period beginning each
January 1 and ending the following December 31. 
  

	1.34	Post-2005 Company Contributions 

 Post-2005 Matching
Contributions and Post-2005 Discretionary Contributions. 
  

	1.35	Post-2005 Company Contribution Subaccount 

 With
respect to each Participant, the separate bookkeeping account consisting of the Participant’s Post-2005 Matching Contribution Subaccount and the Participant’s Post-2005 Discretionary Contribution Subaccount and the Investment Subaccounts
thereunder, including Net Gain (Loss) Equivalent attributable thereto. 
  

	1.36	Post-2005 Deferrals 

 Amounts of Earnings that would
have been paid to a Participant with respect to any year after 2005 but which the Participant elects to defer pursuant to a Deferral Election. 
  

	1.37	Post-2005 Deferral Subaccount 

 The subaccount kept
as part of a Participant’s Post-2005 Supplemental Account to account for Post-2005 Deferrals credited to Investment Options and the Net Gain (Loss) Equivalent attributable thereto. 
  

	1.38	Post-2005 Discretionary Contributions 

 The
contributions described in Section 3.2(b). 
  

	1.39	Post-2005 Discretionary Contribution Subaccount 

 The subaccount kept as part of a Participant’s Post-2005 Supplemental Account to account for Post-2005 Discretionary Contributions credited to Investment Options and the Net Gain (Loss) Equivalent attributable thereto. 
  

 7 

	1.40	Post-2005 Matching Contributions 

 The contributions
described in Section 3.1(b). 
  

	1.41	Post-2005 Matching Contribution Subaccount 

 The
subaccount kept as part of a Participant’s Post-2005 Supplemental Account to account for Post-2005 Matching Contributions credited to Investment Options and the Net Gain (Loss) Equivalent attributable thereto. 
  

	1.42	Post-2005 Supplemental Account 

 With respect to
each Participant, the separate bookkeeping account consisting of the Participant’s Post-2005 Deferral Subaccount, the Post-2005 Company Contribution Subaccount and the Investment Subaccounts thereunder, including the Net Gain (Loss) Equivalent
attributable thereto. 
  

	1.43	Pre-2006 Company Contributions 

 Pre-2006 Matching
Contributions and Pre-2006 Discretionary Contributions. 
  

	1.44	Pre-2006 Company Contribution Subaccount 

 With
respect to each Participant, the separate bookkeeping account consisting of the Participant’s Pre-2006 Matching Contribution Subaccount and the Participant’s Pre-2006 Discretionary Contribution Subaccount and the Investment Subaccounts
thereunder, including Net Gain (Loss) Equivalent attributable thereto. 
  

	1.45	Pre-2006 Deferrals 

 Amounts of Earnings that would
have been paid to a Participant with respect to any year prior to 2006 but which the Participant elected to defer pursuant to a Deferral Election. 
  

	1.46	Pre-2006 Deferral Subaccount 

 The subaccount kept
as part of a Participant’s Pre-2006 Supplemental Account to account for Pre-2006 Deferrals credited to Investment Options and the Net Gain (Loss) Equivalent attributable thereto or the subaccount kept as part of a Participant’s Fixed
Benefit Option Account to account for Pre-2006 Deferrals credited to the Participant’s Fixed Benefit Option Account, as applicable. 
  

	1.47	Pre-2006 Discretionary Contributions 

 The
contributions described in Section 3.2(a). 
  

	1.48	Pre-2006 Discretionary Contribution Subaccount 

 The
subaccount kept as part of a Participant’s Pre-2006 Supplemental Account to account for Pre-2006 Discretionary Contributions credited to Investment Options and the Net 

  

 8 

 
Gain (Loss) Equivalent attributable thereto or the subaccount kept as part of a Participant’s Fixed Benefit Option Account to account for Pre-2006
Discretionary Contributions credited to the Participant’s Fixed Benefit Option Account, as applicable. 
  

	1.49	Pre-2006 Matching Contributions 

 The contributions
described in Section 3.1(a). 
  

	1.50	Pre-2006 Matching Contribution Subaccount 

 The
subaccount kept as part of a Participant’s Pre-2006 Supplemental Account to account for Pre-2006 Matching Contributions credited to Investment Options and the Net Gain (Loss) Equivalent attributable thereto or the subaccount kept as part of a
Participant’s Fixed Benefit Option Account to account for Pre-2006 Matching Contributions credited to the Participant’s Fixed Benefit Option Account, as applicable. 
  

	1.51	Pre-2006 Supplemental Account 

 With respect to each
Participant, the separate bookkeeping account consisting of the Participant’s Pre-2006 Deferral Subaccount and the Pre-2006 Company Contribution Subaccount and the Investment Subaccounts thereunder, including the Net Gain (Loss) Equivalent
attributable thereto. 
  

	1.52	Retire 

 The act of taking Retirement. 

 

	1.53	Retirement 

 A Participant’s Normal Retirement,
Early Retirement, Deferred Retirement or Disability Retirement. 
  

	1.54	Salary 

 With respect to an Employee, cash base
salary payable by any Participating Company to the Employee. 
  

	1.55	Salary Deferral Election 

 The Participant’s
irrevocable written election, made in accordance with Section 2.4, to forego the receipt of a stipulated amount of Salary. 
  

	1.56	Severance 

 Termination of Employment other than on
account of Retirement, death or Total Disability. If a Participant’s employment with the Participating Company or an Affiliate terminates before attaining age 55 on account of Total Disability and the Total Disability ceases prior to Disability
Retirement, a Severance shall occur when the Total Disability ceases unless the Participant immediately returns to the employment of the Participating Company or an Affiliate. 
  

 9 

	1.57	Surviving Spouse 

 The survivor of a deceased
Participant to whom such deceased Participant was legally married (as determined by the Plan Administrator) immediately before the Participant’s death. 
  

	1.58	Termination of Employment 

 The date on which the
Participant is no longer employed by any Participating Company. For purposes of this Section, a Termination of Employment shall occur on the earlier of: 
  

	 	(a)	The later of (i) the date as of which an Employee quits, is discharged, terminates employment in connection with incurring a Total Disability, Retires or dies, or (ii) at
the discretion of the Plan Administrator when the Employee is no longer receiving severance payments; or 

  

	 	(b)	The first day of absence of an Employee who fails to return to employment at the expiration of an Authorized Leave of Absence. 

  

	1.59	Total Disability 

 A physical or mental condition
under which the Participant qualifies as totally disabled under the group long-term disability plan of the Participating Company; provided, however, that if the Participant is not covered by such a plan or if there is no such plan, the Participant
shall be under a Total Disability if the Participant is determined to be disabled under the Social Security Act. Notwithstanding any other provisions of the Plan, a Participant shall not be considered Totally Disabled if such disability is due to
(i) war, declared or undeclared, or any act of war, (ii) intentionally self-inflicted injuries, (iii) active participation in a riot, or (iv) the Participant’s intoxication or the Participant’s illegal use of drugs.

  

	1.60	Transition Contributions 

 The contributions
described in Section 3.3. 
  

	1.61	Transition Contribution Account 

 With respect to
each Participant, the separate bookkeeping account consisting of the Participant’s Transition Contributions, the Investment Subaccounts thereunder and the Net Gain (Loss) Equivalent attributable thereto. 
  

	1.62	Unforeseeable Emergency 

 A severe financial
hardship to the Participant resulting from a sudden and unexpected illness or accident of the Participant or of a dependent (as defined in Section 152(a) of the 

  

 10 

 
Code) of the Participant, loss of the Participant’s property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as
a result of events beyond the control of the Participant. The circumstances that will constitute an unforeseeable emergency will depend on the facts of each case. 
  

	1.63	Vested Percentage 

  

	 	(a)	Pre-2006 Deferral Subaccount and Post-2005 Deferral Subaccount: The percentage in which the Participant is vested in the Participant’s Pre-2006 Deferral Subaccount and
Post-2005 Deferral Subaccount shall be 100%. 

  

	 	(b)	Pre-2006 Company Contribution Subaccount and Post-2005 Company Contribution Subaccount: The percentage in which the Participant is vested in the Participant’s Pre-2006
Company Contribution Subaccount and Post-2005 Company Contribution Subaccount shall be 100% upon (i) Retirement, (ii) death while an Employee or while Totally Disabled but prior to reaching Disability Retirement, (iii) the completion
of at least 5 Years of Service, or (iv) a Change in Control while an Employee or while Totally Disabled but prior to reaching Disability Retirement. Prior to the occurrence of any of the events described in the preceding sentence, the
Participant’s Vested Percentage in the Participant’s Pre-2006 Company Contribution Subaccount and Post-2005 Company Contribution Subaccount shall be determined according to the following schedule: 

  

				
	 Years of Service
	  	Vested Percentage	 
	 Less than 1
	  	0	%
	         1
	  	20	%
	         2
	  	40	%
	         3
	  	60	%
	         4
	  	80	%
	 5 or more
	  	100	%

  

	 	(c)	Transition Contribution Account: The percentage in which the Participant is vested in the Participant’s Transition Contribution Account shall be 100% upon
(i) Retirement, (ii) death while an Employee or while Totally Disabled but prior to reaching Disability Retirement, or (iii) a Change in Control while an Employee or while Totally Disabled but prior to reaching Disability Retirement.
Prior to the occurrence of any of the events described in the preceding sentence, the Participant’s Vested Percentage in the Participant’s Transition Contribution Account shall be determined as of the date indicated in the following
schedule provided that the Participant is an Employee on the applicable date: 

  

				
	 Vesting Date
	  	Vested Percentage	 
	 December 31, 2006
	  	20	%
	 December 31, 2007
	  	40	%
	 December 31, 2008
	  	60	%
	December 31, 2009	  	80	%
	 December 31, 2010
	  	100	%

  

 11 

	1.64	Year of Service 

 A calendar year, including years
before 1990, in which an Employee completes at least 1,000 Hours of Service. A Participant’s Years of Service shall be determined (without duplication) in accordance with the following rules: 
  

	 	(a)	“Hour of Service” means each hour that would be credited for the purposes of vesting under the Coca-Cola Bottling Co. Consolidated Savings Plan if that plan were in
existence when such service was performed. 

  

	 	(b)	Years of Service shall include periods of Total Disability and Authorized Leave of Absence. 

  

	 	(c)	Except as provided in Subsection (d) of this Section, Years of Service shall not include periods of employment with an Affiliate rendered prior to the date on which such
corporation or other entity became an Affiliate. 

  

	 	(d)	Years of Service shall include any period of a Participant’s prior employment by any organization upon such terms and conditions as the Plan Administrator may approve.

 A Participant shall be considered to have earned a Year of Service upon the completion of 1,000 Hours of Service during such
calendar year. 
  

 12 

 ARTICLE II 
 ELIGIBILITY AND PARTICIPATION 
  

	2.1	Eligibility 

 An Employee (i) who is a member
of the Participating Company’s “select group of management or highly compensated employees,” as defined in Sections 201(2), 301(a) (3) and 401(a) of ERISA, and (ii) who is designated by the Committee, shall be eligible to
become a Participant in the Plan. 
  

	2.2	Participation 

 An Employee who is eligible to
become a Participant shall become a Participant upon the execution and delivery to the Plan Administrator of a Deferral Election. 
  

	2.3	Duration of Participation 

 A Participant shall
continue to be a Participant until the Participant is no longer entitled to a benefit under the Plan. 
  

	2.4	Deferral Elections 

  

	 	(a)	Initial Deferral Election: An Employee shall have 30 days following the date the Employee first becomes eligible to participate in the Plan in which to execute and deliver to
the Plan Administrator a Deferral Election by which the Participant elects to defer a stipulated amount of Salary and/or Bonus to be earned with respect to the portion of the calendar year remaining after the Deferral Election is made and which, but
for such Deferral Election, would be paid to the Participant. 

  

	 	(b)	Annual Salary Deferral Election: An eligible Employee shall have until the date designated by the Plan Administrator, which date shall not be later than December 31st of
each year, to execute and deliver to the Plan Administrator a Salary Deferral Election providing for the deferral of a stipulated amount of Salary to be earned during the next calendar year and which, but for such Salary Deferral Election, would be
paid to the Participant. 

  

	 	(c)	Bonus Deferral Election: An eligible Employee shall have until the date designated by the Plan Administrator, which date shall not be later than the last day of the fiscal
year of the Company preceding the beginning of the applicable Bonus Performance Period (as defined in Section 1.6) to which such Bonus relates, to execute and deliver to the Plan Administrator a Bonus Deferral Election providing for the
deferral of a stipulated amount of Bonus to be earned in the applicable Bonus Performance Period and which, but for such Bonus Deferral Election, would be paid to the Participant. 

  

	 	(d)	Minimum and Maximum Deferrals: The Plan Administrator, in the exercise of the Plan Administrator’s discretion, may from time to time place minimum and maximum limits on
the amount of any Deferral Election that an Employee could otherwise make pursuant to the Plan. 

  

 13 

	 	(e)	Cancellation of Deferral Election for Unforeseeable Emergencies: Subject to approval of the Plan Administrator, a Participant may cancel the Participant’s Deferral
Election at any time only if such reduction is reasonably necessary to meet an Unforeseeable Emergency, but only if the Plan Administrator determines that the resulting hardship may not be relieved (i) through reimbursement or compensation from
insurance or otherwise, or (ii) by liquidation of the Participant’s assets, to the extent the liquidation of such assets would not itself cause severe financial hardship. If a Participant’s Deferral Election is cancelled pursuant to
this Subsection, no further Deferral may be effective for any Earnings paid with respect to the calendar year during which the cancellation occurs. 

  

	 	(f)	Restriction After Certain Hardship Distributions: In the event that a Participant receives a hardship distribution from any plan qualified under Section 401(a) of the
Code, then if and to the extent required by such plan, no Deferrals may be made for 12 months following the receipt of such distribution. 

  

	2.5	Deemed Investment Elections 

  

	 	(a)	Deemed Investment of Pre-2006 Deferrals and Pre-2006 Company Contributions: In making a Deferral Election, the Participant shall specify how the Pre-2006 Deferrals and the
Pre-2006 Company Contributions subject to such Election shall be allocated among the Fixed Benefit Option Account and the Supplemental Account. In accordance with such procedures and limitations as the Plan Administrator adopts, the Participant may
change such specification with respect to Pre-2006 Deferrals and Pre-2006 Company Contributions not yet credited to an Investment Subaccount. 

  

	 	(b)	Deemed Investment of Post-2005 Deferrals and Post-2005 Company Contributions: In making a Deferral Election, the Participant shall specify how the Post-2005 Deferrals and the
Post-2005 Company Contributions subject to such Election shall be allocated among the Investment Options. In accordance with such procedures and limitations as the Plan Administrator adopts, the Participant may change such specification with respect
to Post-2005 Deferrals and Post-2005 Company Contributions not yet credited to an Investment Subaccount. No Post-2005 Deferrals or Post-2005 Company Contributions may be allocated to the Fixed Benefit Option Account. 

  

	 	(c)	Deemed Investment of Transition Contributions: A Participant shall specify how Transition Contributions credited to the Participant’s Transition Contribution Account
shall be allocated among the Investment Options. In accordance with such procedures and limitations as the Plan Administrator adopts, the Participant may change such specification with respect to Transition Contributions not yet credited to an
Investment Subaccount. No Transition Contributions may be allocated to the Fixed Benefit Option Account. 

  

 14 

	 	(d)	Reallocation of Deemed Investments: 

  

	 	(1)	Fixed Benefit Option Account. Any Pre-2006 Deferrals and Pre-2006 Company Contributions allocated to the Fixed Benefit Option Account may be reallocated to one or more
Investment Options at the election of the Participant not more frequently than once each calendar quarter. All such reallocations by the Participant in any Plan Year shall not exceed 20% of the amounts allocated to the Fixed Benefit Option Account
at the beginning of such Plan Year. Any such reallocation shall be made in accordance with and shall be subject to such procedures and limitations as the Plan Administrator adopts. 

  

	 	(2)	Pre-2006 Supplemental Account. Any Pre-2006 Deferrals and Pre-2006 Company Contributions allocated to the Participant’s Pre-2006 Supplemental Account may be reallocated
among the Investment Options at the election of the Participant not more frequently than once each calendar quarter. Any such request to have one or more Investment Subaccount balances transferred to one or more other Investment Subaccounts shall be
made in accordance with and shall be subject to such procedures and limitations as the Plan Administrator adopts. 

  

	 	(3)	Post-2005 Supplemental Account. Any Post-2005 Deferrals and Post-2005 Company Contributions allocated to the Participant’s Post-2005 Supplemental Account may be
reallocated among the Investment Options at the election of the Participant not more frequently than once each calendar quarter. Any such request to have one or more Investment Subaccount balances transferred to one or more other Investment
Subaccounts shall be made in accordance with and shall be subject to such procedures and limitations as the Plan Administrator adopts. 

  

	 	(4)	Transition Contribution Account: Any Transition Contributions allocated to the Participant’s Transition Contribution Account may be reallocated among the Investment
Options at the election of the Participant not more frequently than once each calendar quarter. Any such request to have one or more Investment Subaccount balances transferred to one or more other Investment Subaccounts shall be made in accordance
with and shall be subject to such procedures and limitations as the Plan Administrator adopts. 

  

	 	(5)	Mutual Fund Trading Rules: Notwithstanding any contrary provision of this Subsection, all reallocations among Investment Options are subject to the trading rules, policies
and procedures of the underlying mutual fund designated as an Investment Option. 

  

	 	(e)	 Investment Options: Subject to Subsection (f) of this Section, the Plan Administrator shall designate the Investment Options and shall have the right to
eliminate and add Investment Options from time to time. If an Investment Option 

  

 15 

	 	 
is eliminated, Participants’ Investment Subaccount balances relating to such Investment Option shall be transferred to such other Investment Subaccounts
as the Plan Administrator directs. All elections as to how Pre-2006 Deferrals, Post-2005 Deferrals, Pre-2006 Company Contributions, Post-2005 Company Contributions and Transition Contributions shall be allocated among Investment Subaccounts are
subject to the Plan Administrator’s approval. The Plan Administrator shall notify Participants if changes are made in the available Investment Options. The Plan Administrator may designate an Investment Option if and to the extent a Participant
fails to make a valid or approved election. 

  

	 	(f)	Effect of Change in Control: From and after a Change in Control, and notwithstanding any other provision of the Plan to the contrary, (i) the Investment Options in
effect immediately prior to the Change in Control shall continue and not be eliminated, and (ii) subject to Section 9.5(b), Participants shall continue to have the right to transfer their Investment Subaccount balances among the Investment
Options in accordance with the same rules and procedures as were in effect immediately prior to the Change in Control. If an Investment Option is deemed invested in a particular mutual fund or other collective investment vehicle that is liquidated
or terminated after the Change in Control or has its fundamental investment objective materially changed, then the Plan Administrator shall immediately substitute, as the deemed investment of such Investment Option, another mutual fund or other
collective investment vehicle having substantially the same investment objectives and other material characteristics as the said mutual fund or collective investment vehicle had prior to its liquidation, termination or change in investment
objective. 

  

	2.6	Effect of Change in Status 

  

	 	(a)	If a Participant’s employment with the Participating Company changes before a Change in Control to a position in which the Participant is no longer eligible to participate in
the Plan pursuant to Section 2.1, the Participant may make no Deferral Election with respect to compensation earned while ineligible to actively participate. The payment of the Participant’s benefits under the Plan shall not be accelerated
by the change in employment status, and the Participant’s benefits shall be paid when and as otherwise provided in the Plan. In determining the amount of any benefits provided by the Fixed Benefit Option Account (but not the time of such
benefit payments), it will be assumed that the Participant had a Termination of Employment on the date of the change in employment status; provided, however, if the Participant’s Vested Percentage is less than 100% on that date, the
Participant’s Vested Percentage shall be based on the Participant’s Years of Service at the time of the Participant’s actual Termination of Employment. 

  

	 	(b)	 If a Participant described in Subsection (a) of this Section again becomes eligible to participate in the Plan pursuant to Section 2.1 (the
Participant’s “Reparticipation Date”), then for purposes of determining any future benefits payable to the Participant or the Participant’s Beneficiary under the Fixed Benefit 

  

 16 

	 	 
Option Account, it shall be assumed that (i) any amounts that were credited to the Fixed Benefit Option Account before the Participant’s
Reparticipation Date were instead credited to the Fixed Benefit Option Account on the Participant’s Reparticipation Date, and (ii) that there has also been credited to the Fixed Benefit Option Account on the Participant’s
Reparticipation Date, as an additional Pre-2006 Deferral, or Pre-2006 Company Contribution, as the case may be, an amount equal to the interest credited on the actual amounts that had been credited to the Fixed Benefit Option Account prior to the
Reparticipation Date at the rate of 8%. 

  

 17 

 ARTICLE III 
 COMPANY CONTRIBUTIONS 
  

	3.1	Matching Contributions 

  

	 	(a)	Pre-2006 Matching Contributions: With respect to each Plan Year prior to 2006, the Company shall make a Matching Contribution on behalf of each Participant equal to the
product of 30% times the Participant’s Pre-2006 Deferrals of Salary for any payroll period; provided, however, that for this purpose there shall be disregarded the Participant’s Pre-2006 Deferrals of Salary for a particular payroll period
which exceed 6% of the Participant’s Salary for such payroll period. 

  

	 	(b)	Post-2005 Matching Contributions: With respect to each Plan Year after 2005, the Company shall make a Matching Contribution on behalf of each Participant equal to 50% times
the Participant’s Post-2005 Deferrals of Salary for any payroll period; provided, however, that for this purpose there shall be disregarded the Participant’s Post-2005 Deferrals of Salary for a particular payroll period which exceed 6% of
the Participant’s Salary for such payroll period. Notwithstanding the preceding sentence, a Participant shall not be eligible for Matching Contributions under this Subsection unless the Participant is receiving all matching contributions
available under the Company’s plan qualified under Section 401(a) of the Code, if any. 

  

	3.2	Discretionary Contributions 

  

	 	(a)	Pre-2006 Discretionary Contributions: With respect to each Plan Year prior to 2006, the Company may make a Pre-2006 Discretionary Contribution in such amount as the Committee
may determine. Such amount may be made according to a formula or may be made in differing amounts to any one or more Participants who are Employees. Such amount may from time to time increase a Participant’s Matching Contribution to take into
account some or all of the amount by which the Participant’s contributions or benefits under any plan qualified under Section 401(a) of the Code sponsored by the Participating Company may be reduced by one or more of the compensation,
contribution or benefit restrictions and limitations of the Code that apply to such plan as a condition of its qualified status. The determination of whether a particular Participant’s Matching Contribution shall be so increased, and (if so)
the amount and frequency of any such increase, shall be made by the Committee in the exercise of its sole and absolute discretion. The making of any Discretionary Contribution by the Committee does not obligate it to continue such for any other
year. 

  

	 	(b)	 Post-2005 Discretionary Contributions: With respect to each Plan Year after 2005, the Company may make a Post-2005 Discretionary Contribution in such amount
as the Committee may determine. Such amount may be made according to a formula or may be made in differing amounts to any one or more Participants who are Employees. Such amount may from time to time increase a Participant’s 

  

 18 

	 	 
Matching Contribution to take into account some or all of the amount by which the Participant’s contributions or benefits under any plan qualified under
Section 401(a) of the Code sponsored by the Participating Company may be reduced by one or more of the compensation, contribution or benefit restrictions and limitations of the Code that apply to such plan as a condition of its qualified
status. The determination of whether a particular Participant’s Matching Contribution shall be so increased, and (if so) the amount and frequency of any such increase, shall be made by the Committee in the exercise of its sole and absolute
discretion. The making of any Discretionary Contribution by the Committee does not obligate it to continue such for any other year. 

  

	3.3	Transition Contributions 

  

	 	(a)	With respect to a Participant, for each of the calendar years 2006, 2007 and 2008, the Company shall make Transition Contributions equal to the percentage of the Participant’s
Salary described in Paragraphs (1) through (4) of this Subsection. 

  

	 	(1)	10%; plus 

  

	 	(2)	An additional 10% if the Company attains 80% of the “Overall Goal Achievement Factor” established under the Company’s Annual Bonus Plan or any successor plan thereto;
plus 

  

	 	(3)	An additional 10% if the Company attains 107.5% of the “Overall Goal Achievement Factor” established under the Company’s Annual Bonus Plan or any successor plan
thereto; plus 

  

	 	(4)	An additional 10% if the Company attains 115% of the “Overall Goal Achievement Factor” established under the Company’s Annual Bonus Plan or any successor plan
thereto. 

 Notwithstanding any other provision of this Subsection to the contrary and except as otherwise provided in
Subsections (d) and (e) of this Section, a Participant shall not be eligible for a Transition Contribution for any year if the Participant is not an Employee on December 31 of the applicable calendar year. 
  

	 	(b)	The Transition Contributions described in Paragraphs (2) through (4) of Subsection (a) of this Section shall be made only if the applicable percentage of the
“Overall Goal Achievement Factor” is attained; no such Transition Contribution shall be made for the partial attainment of an applicable percentage. 

  

	 	(c)	The Transition Contribution described in Paragraph (1) of Subsection (a) of this Section shall be credited monthly on the last business day of each calendar month to the
Transition Contribution Account of each Participant who is an Employee on such day. Except as otherwise provided in Subsections (d) and (e) of this Section, the Transition Contributions described in Paragraphs (2) through (4) of
Subsection (a) of this Section shall be credited as soon as practicable following the end of the applicable calendar year to the Transition Contribution Account of each Participant who is an Employee on December 31 of the applicable
calendar year. 

  

 19 

	 	(d)	Notwithstanding any other provision of this Section, in the event of the Total Disability, Retirement or death of a Participant during a year for which a Transition Contribution is
made, such Participant’s Transition Contribution Account shall be credited with a pro rata portion of the Transition Contribution described in Paragraphs (2) through (4) of Subsection (a) of this Section, only if the applicable
percentage of the “Overall Goal Achievement Factor” is attained; no such Transition Contribution shall be made for the partial attainment of an applicable percentage. Such pro rata Transition Contribution shall be based on the portion of
the calendar year completed through the Participant’s Total Disability, Retirement or death, as applicable. The Transition Contribution described in the this Subsection shall be credited as soon as practicable following the last day of the
applicable calendar year. 

  

	 	(e)	Notwithstanding any other provision of this Section, in the event of a Change in Control during a year for which a Transition Contribution is made, such Participant’s
Transition Contribution Account shall be credited with a pro rata portion of the Transition Contribution described in Paragraph (2) of Subsection (a) of this Section. Such pro rata Transition Contribution shall be based on the portion of
the calendar year completed through the Change in Control. The Transition Contribution described in this Subsection shall be credited no later than 15 days following the occurrence of the Change in Control. 

  

 20 

 ARTICLE IV 
 DISTRIBUTION PROVISIONS WITH RESPECT TO THE FIXED BENEFIT OPTION 
 ACCOUNT AND THE PRE-2006
SUPPLEMENTAL ACCOUNT 
  

	4.1	General 

 The provisions of this Article are
applicable to distributions of a Participant’s Fixed Benefit Option Account and a Participant’s Pre-2006 Supplemental Account. 
  

	4.2	In-Service Distribution During 2005 

 Each
Participant who is an Employee shall be given the opportunity to elect a distribution of up to 25% of the Vested Percentage of the amount allocated to the Participant’s Fixed Benefit Option Account and 25% of the Vested Percentage of the
Participant’s Pre-2006 Supplemental Account, each as of September 30, 2005. A distribution elected pursuant to this Section shall be paid to the Participant by December 31, 2005. With respect to any portion of such distribution
allocated to the Fixed Benefit Option Account, the Applicable Interest Rate (as described in 4.7(b)) to be applied to such distribution shall be based on the Participant’s age and Years of Service at the date such distribution is paid.

  

	4.3	Special Payment Elections for Amounts Not Withdrawn Pursuant to Section 4.2 

  

	 	(a)	Payment Election: Each Participant who is an Employee during 2005 shall be given the opportunity during 2005 to make a payment election from among the available forms and
timing of payment set forth in Subsection (b) of this Section that shall apply to the Participant’s Pre-2006 Supplemental Account and Fixed Benefit Option Account not withdrawn pursuant to Section 4.2. 

  

	 	(b)	Available Forms of Payment: With respect to a Participant’s Pre-2006 Supplemental Account and Fixed Benefit Option Account not withdrawn pursuant to Section 4.2,
the Participant shall elect either: 

  

	 	(1)	Monthly Installments Upon Termination of Employment. The balance of the Participant’s Pre-2006 Supplemental Account and Fixed Benefit Option Account shall be payable
upon the Participant’s Termination of Employment in monthly installments over a period of 10 or 15 years; or 

  

	 	(2)	Monthly Installments Commencing as of a Designated Date. The balance of the Participant’s Pre-2006 Supplemental Account and Fixed Benefit Option Account shall be payable
commencing as of the date designated by the Participant in monthly installments over a period of 10 or 15 years; provided, however, that such designated date shall not be earlier than the calendar year in which the Participant attains age 55 or
later than the calendar year in which the Participant attains age 70. With respect to any portion of such distribution allocated to the Participant’s Fixed Benefit Option Account, the Applicable Interest Rate (as described in 4.7(b)) to be
applied to such distribution shall be based on the Participant’s age and Years of Service at the date such distribution commences to be paid. 

  

 21 

	 	(3)	Default Election. If a Participant described in Subsection (a) of this Section fails to make a payment election in accordance with the provisions of this Section, the
Participant shall be deemed to have elected the payment of the Participant’s Pre-2006 Supplemental Account and Fixed Benefit Option Account in monthly installments over 15 years upon the Participant’s Termination of Employment.

  

	 	(4)	Effect of Election. Any election made pursuant to this Subsection shall be effective immediately and not be subject to the provisions of Subsection (c) of this Section.

  

	 	(c)	Subsequent Changes to Payment Elections: A Participant may change the form or timing of the payment elected under Subsection (b) of this Section, or the form or timing
of payment subsequently elected under this Subsection, with respect to the distribution of the Participant’s Pre-2006 Supplemental Account and Fixed Benefit Option Account only if (i) such election is made at least 12 months prior to the
date the payment of such Accounts would have otherwise commenced, and (ii) the effect of such election is to defer commencement of such payments by at least 5 years. Notwithstanding any other provision of this Subsection, no election may be
made under this Subsection if the effect of such election would be to commence payment of the Participant’s Pre-2006 Supplemental Account and the Participant’s Fixed Benefit Option Account after the Participant’s attainment of age 70.

  

	4.4	Timing of Monthly Installments 

  

	 	(a)	Monthly Installments Upon Termination of Employment: Subject to the provisions of Section 4.6, for any distribution made pursuant to Section 4.3(b)(1) or
Section 4.3(b)(3), such monthly installments shall commence to be paid in the calendar quarter next following the calendar quarter in which the Participant’s Termination of Employment occurs. Notwithstanding the preceding sentence, if the
Participant attains age 70 before the Participant’s Termination of Employment, such monthly installments shall commence to be paid in the calendar quarter next following the calendar quarter in which the Participant attains age 70.

  

	 	(b)	Monthly Installments Commencing as of a Designated Date: For any distribution elected pursuant to Section 4.3(b)(2), such monthly installments shall commence to be paid
as of the date designated by the Participant. Notwithstanding the preceding sentence and subject to the provisions of Section 4.6, if the Participant has a Termination of Employment before the date designated pursuant to Section 4.3(b)(2),
such monthly installments shall commence to be paid in the calendar quarter next following the calendar quarter in which the Participant’s Termination of Employment occurs. 

  

 22 

	4.5	Death of Participant Following Commencement of Monthly Installments 

 If a Participant who is receiving monthly installments dies before the last monthly installment is paid, then the remaining monthly installments shall be paid to the Participant’s Beneficiary as and when such
monthly installments would have otherwise been paid to the Participant had the Participant not died. 
  

	4.6	Special Provisions for “Specified Employees” 

 Notwithstanding any provision of the Plan to the contrary, to the extent applicable, in no event shall any payment made pursuant to this Article be made to a “specified employee” within the meaning of Section 409A of the Code
earlier than 6 months after the date of the Participant’s Termination of Employment, except in connection with the Participant’s death. 
  

	4.7	Amount of Benefit under the Fixed Benefit Option Account 

 The amount of the benefit provided by the Fixed Benefit Option Account shall be determined as described in Subsections (a) through (c) of this Section and shall be based solely on the amounts allocated to the Participant’s
Fixed Benefit Option Account at the time of such determination. No amounts may be allocated to the Fixed Benefit Option Account with respect to years after 2005. 
  

	 	(a)	Monthly Installments Method of Payment: Monthly installments shall be equal in amount and shall have a present value as of the first day of the calendar quarter in which
benefit payments commence as described in Section 4.4 equal to the Participant’s Fixed Benefit Option Account balance as of such date as described in Subsection (c) of this Section, determined by discounting the monthly payments at
the Applicable Interest Rate described in Subsection (b) of this Section. In the case of Deferred Retirement, the Applicable Interest Rate used to discount the monthly payments pursuant to the preceding sentence shall be 8%, 11% or 13%, as
applicable, not the 6% interest rate described in Paragraph (b)(2) of this Section. 

  

	 	(b)	Applicable Interest Rate: The “Applicable Interest Rate” shall be as follows: 

  

	 	(1)	Normal Retirement. If a distribution of the Participant’s benefit attributable to the Fixed Benefit Option Account commences upon the Participant’s eligibility for
Normal Retirement, the Applicable Interest Rate shall be (i) 13% if the Participant became a Participant by December 31, 2000 or (ii) determined as follows if the Participant became a Participant on or after January 1, 2001:

  

			
	 Years of Service at
Retirement
	 	 Applicable Interest Rate

	 Less than 5
	 	8%
	 5-9
	 	11%
	 10 or more
	 	13%

  

 23 

	 	(2)	Deferred Retirement. If distribution of the Participant’s benefit attributable to the Fixed Benefit Option Account commences upon the Participant’s eligibility for
Deferred Retirement, the Applicable Interest Rate for the period through December 31 of the calendar year in which the Participant attains Normal Retirement Age shall be (i) 13% if the Participant became a Participant by December 31,
2000 or (ii) determined as follows if the Participant became a Participant on or after January 1, 2001: 

  

			
	 Years of Service at
Retirement
	 	 Applicable Interest Rate

	 Less than 5
	 	8%
	 5-9
	 	11%
	 10 or more
	 	13%

 The Applicable Interest Rate for Deferred Retirement for any period after the Participant’s
Normal Retirement Age until the first of the month in which benefit payments commence shall be 6%. 
  

	 	(3)	Early Retirement-Regular or Disability Retirement-Regular. If distribution of the Participant’s benefit attributable to the Fixed Benefit Option Account commences upon
the Participant’s eligibility for Early Retirement – Regular or Disability Retirement – Regular, the Applicable Interest Rate shall be (i) 11% if the Participant became a Participant by December 31, 2000 or
(ii) determined as follows if the Participant became a Participant on or after January 1, 2001: 

  

			
	 Years of Service at
Retirement
	 	 Applicable Interest Rate

	 Less than 5
	 	8%
	 5 or more
	 	11%

  

	 	(4)	Early Retirement-Special or Disability Retirement-Special. If distribution of the Participant’s benefit attributable to the Fixed Benefit Option Account commences upon
the Participant’s eligibility for Early Retirement – Special or Disability Retirement – Special, the Applicable Interest Rate shall be 13%. 

  

	 	(5)	Severance. If distribution of the Participant’s benefit attributable to the Fixed Benefit Option Account commences on account of Severance, the Applicable Interest Rate
is 8%. 

  

	 	(c)	Fixed Benefit Option Account Balance: For purposes of Subsection (a) of this Section, the Fixed Benefit Option Account balance means the sum of Amount A, Amount B and
Amount C, determined as of the first day of the calendar quarter in which benefit payments commence as described in Section 4.4, where: 

  

	 	(1)	Amount A is the amount of the Participant’s Pre-2006 Deferrals credited to the Fixed Benefit Option Account; 

  

 24 

	 	(2)	Amount B is the product of (i) the Participant’s Pre-2006 Company Contributions credited to the Fixed Benefit Option Account multiplied by (ii) the Participant’s
Vested Percentage; and 

  

	 	(3)	Amount C is interest credited with respect to the Pre-2006 Deferrals in Amount A and the vested Pre-2006 Company Contributions in Amount B at the Applicable Interest Rate compounded
annually. 

  

	4.8	Amount of Benefit from a Participant’s Pre-2006 Supplemental Account 

 The amount of the benefit provided by a Participant’s Pre-2006 Supplemental Account shall be determined as follows: 
  

	 	(a)	Reduction for Non-Vested Benefits: If, in the case of a Severance benefit, the Participant’s Vested Percentage in the Participant’s Pre-2006 Company Contribution
Subaccount is less than 100%, then the balance of the Participant’s Pre-2006 Supplemental Account attributable to the Participant’s Pre-2006 Company Contribution Subaccount shall be reduced to the product of (i) the balance in the
Participant’s Pre-2006 Company Contribution Subaccount multiplied by (ii) the applicable Vested Percentage, and the remainder of the Participant’s Pre-2006 Company Contribution Subaccount shall be forfeited and disregarded in
determining the Participant’s Severance benefit. 

  

	 	(b)	Monthly Installments Method of Payment: The amount of each monthly installment shall be the quotient of (i) the balance of the Participant’s Pre-2006 Supplemental
Account (after any reduction for non-vested benefits described in Subsection (a) of this Section) as of the Adjustment Date immediately preceding the beginning of the calendar year in which payment of the Participant’s benefit commences as
described in Section 4.4, divided by (ii) the number of remaining monthly installments in the installment period (including the calendar year’s monthly installments being calculated). In no event, however, shall any monthly
installment exceed the balance of the Participant’s Pre-2006 Supplemental Account immediately prior to such installment, and therefore no installment shall be paid once the balance of the Participant’s Pre-2006 Supplemental Account is
zero. 

  

	4.9	Reemployment 

 If a Participant who has become
entitled to a benefit again becomes an Employee, such reemployment shall not change, suspend, delay or otherwise affect payment of such benefit. 
  

 25 

 ARTICLE V 
 DISTRIBUTION PROVISIONS WITH RESPECT TO THE POST-2005 SUPPLEMENTAL ACCOUNT 
  

	5.1	General 

 The provisions of this Article are
applicable to distributions of a Participant’s Post-2005 Supplemental Account. 
  

	5.2	Payment Elections 

  

	 	(a)	Class Year Payment Elections: For each Plan Year beginning after 2005, a Participant shall make a payment election from among the available forms and timing of payment set
forth in Subsection (b) of this Section that shall apply to the Class Year Deferral for such Plan Year. 

  

	 	(b)	Available Forms of Payment: A Participant shall elect from among the following forms of payment for each Class Year Deferral. The Participant may elect only one form of
payment for each Class Year Deferral. 

  

	 	(1)	Lump Sum Payment Upon Termination of Employment. The balance of the applicable Class Year Deferral shall be payable upon the Participant’s Termination of Employment in a
single lump sum payment; 

  

	 	(2)	Lump Sum Payment as of a Designated Date. The balance of the applicable Class Year Deferral shall be payable on a date designated by the Participant in a single lump sum
payment; provided, however, that such designated date may not be earlier than the beginning of the second Plan Year following the Plan Year to which the Class Year Deferral applies or later than the calendar year in which the Participant attains age
70; 

  

	 	(3)	Monthly Installments Upon Termination of Employment. The balance of the applicable Class Year Deferral shall be payable upon the Participant’s Termination of Employment
in monthly installments over a period of 5, 10 or 15 years; or 

  

	 	(4)	Monthly Installments Commencing as of a Designated Date. The balance of the applicable Class Year Deferral shall be payable commencing as of the date designated by the
Participant in monthly installments over a period of 5, 10 or 15 years; provided, however, that such designated date shall not be earlier than the beginning of the second Plan Year following the Plan Year to which the Class Year Deferral applies or
later than the calendar year in which the Participant attains age 70. 

  

	 	(5)	 Default Election. If a Participant described in Subsection (a) of this Section fails to make a class year payment election for a Class Year 

  

 26 

	 	 
Deferral in accordance with the provisions of this Section, the Participant shall be deemed to have elected for such Class Year Deferral a lump sum payment
upon the earlier of Termination of Employment or attainment of age 70. 

  

	 	(c)	Subsequent Changes to Payment Elections: A Participant may change the form or timing of the payment elected under Subsection (b) of this Section, or the form or timing
of payment subsequently elected under this Subsection, with respect to a Class Year Deferral only if (i) such election is made at least 12 months prior to the date the payment of the Class Year Deferral would have otherwise commenced, and
(ii) the effect of such election is to defer commencement of such payments by at least 5 years. Notwithstanding any other provision of this Subsection, no election may be made under this Subsection if the effect of such election would be to
commence payment of the Participant’s Class Year Deferral after the Participant’s attainment of age 70. 

  

	5.3	Timing of Lump Sum Payments 

  

	 	(a)	Lump Sum Payment Upon Termination of Employment: Subject to the provisions of Section 5.6, for any distribution of a Class Year Deferral made pursuant to
Section 5.2(b)(1), such lump sum payment shall be paid in the calendar quarter next following the calendar quarter in which the Participant’s Termination of Employment occurs. Notwithstanding the preceding sentence, if the Participant
attains age 70 before the Participant’s Termination of Employment, such lump sum payment shall be paid in the calendar quarter next following the calendar quarter in which the Participant attains age 70. 

  

	 	(b)	Lump Sum Payment as of a Designated Date: For any distribution of a Class Year Deferral made pursuant to Section 5.2(b)(2), such lump sum payment shall be paid in a
single cash payment as of the date designated by the Participant. Notwithstanding the preceding sentence and subject to the provisions of Section 5.6, if the Participant has a Termination of Employment before the date designated pursuant to
Section 5.2(b)(2), such lump sum payment shall be paid in the calendar quarter next following the calendar quarter in which the Participant’s Termination of Employment occurs. 

  

	5.4	Timing of Monthly Installments 

  

	 	(a)	Monthly Installments Upon Termination of Employment: Subject to the provisions of Section 5.6, for any distribution of a Class Year Deferral made pursuant to
Section 5.2(b)(3) or 5.2(b)(5), such monthly installments shall commence to be paid in the calendar quarter next following the calendar quarter in which the Participant’s Termination of Employment occurs. Notwithstanding the preceding
sentence, if the Participant attains age 70 before the Participant’s Termination of Employment, such monthly installments shall commence to be paid in the calendar quarter next following the calendar quarter in which the Participant attains age
70. 

  

 27 

	 	(b)	Monthly Installments Commencing as of a Designated Date: For any distribution of a Class Year Deferral made pursuant to Section 5.2(b)(4), such monthly installments
shall commence to be paid as of the date designated by the Participant. Notwithstanding the preceding sentence and subject to the provisions of Section 5.6, if the Participant has a Termination of Employment before the date designated pursuant
to Section 5.2(b)(4), such monthly installments shall commence to be paid in the calendar quarter next following the calendar quarter in which the Participant’s Termination of Employment occurs. 

  

	5.5	Death of Participant Following Commencement of Monthly Installments 

 If a Participant who is receiving monthly installments dies before the last monthly installment is paid, then the remaining monthly installments shall be paid to the Participant’s Beneficiary as and when such
monthly installments would have otherwise been paid to the Participant had the Participant not died. 
  

	5.6	Special Provisions for “Specified Employees” 

 Notwithstanding any provision of the Plan to the contrary, to the extent applicable, in no event shall any payment made pursuant to this Article be made to a “specified employee” within the meaning of Section 409A of the Code
earlier than 6 months after the date of the Participant’s Termination of Employment, except in connection with the Participant’s death. 
  

	5.7	Amount of Benefit from a Participant’s Post-2005 Supplemental Account 

 The amount of the benefit provided by a Participant’s Post-2005 Supplemental Account shall be determined as follows: 
  

	 	(a)	Reduction for Non-Vested Benefits: If, in the case of a Severance benefit, the Participant’s Vested Percentage in the Participant’s Post-2005 Company Contribution
Subaccount is less than 100%, then the balance of the Participant’s Post-2005 Supplemental Account attributable to the Participant’s Post-2005 Company Contribution Subaccount shall be reduced to the product of (i) the balance in the
Participant’s Post-2005 Company Contribution Subaccount multiplied by (ii) the applicable Vested Percentage, and the remainder of the Participant’s Post-2005 Company Contribution Subaccount shall be forfeited and disregarded in
determining the Participant’s Severance benefit. 

  

	 	(b)	 Monthly Installments Method of Payment: The amount of each monthly installment shall be the quotient of (i) the balance of the Participant’s
Post-2005 Supplemental Account (after any reduction for non-vested benefits described in Subsection (a) of this Section) as of the Adjustment Date immediately preceding the beginning of the calendar year in which payment of the
Participant’s benefit commences as described in Section 5.4 divided by (ii) the number of remaining monthly installments in the installment period (including the calendar year’s monthly installments being calculated). In no
event, however, shall any monthly installment exceed the balance of the Participant’s Post-2005 Supplemental 

  

 28 

	 	 
Account immediately prior to such installment, and therefore no installment shall be paid once the balance of the Participant’s Post-2005 Supplemental
Account is zero. 

  

	5.8	Reemployment 

 If a Participant who has become
entitled to a benefit again becomes an Employee, such reemployment shall not change, suspend, delay or otherwise affect payment of such benefit. 
  

 29 

 ARTICLE VI 
 DISTRIBUTION PROVISIONS WITH RESPECT TO THE TRANSITION CONTRIBUTION ACCOUNT 
  

	6.1	General 

 The provisions of this Article are
applicable to distributions of a Participant’s Transition Contribution Account. 
  

	6.2	Payment Elections 

  

	 	(a)	Payment Elections: Each Participant who is an Employee during 2005 shall be given an opportunity during 2005 to make a payment election from among the available forms and
timing of payment set forth in Subsection (b) of this Section that shall apply to the Participant’s Transition Contribution Account. If an Employee first becomes eligible to participate in the Plan on or after January 1, 2006, the
Participant shall make a payment election with respect to Transition Contributions within 30 days following the date the Employee becomes eligible to participate in the Plan. 

  

	 	(b)	Available Forms of Payment: With respect to a Participant’s Transition Contribution Account, the Participant shall elect either: 

  

	 	(1)	Monthly Installments Upon Termination of Employment. The balance of the Participant’s Transition Contribution Account shall be payable upon the Participant’s
Termination of Employment in monthly installments over a period of 10 or 15 years; or 

  

	 	(2)	Monthly Installments Commencing as of a Designated Date. The balance of the Participant’s Transition Contribution Account shall be payable commencing as of the date
designated by the Participant in monthly installments over a period of 10 or 15 years; provided, however, that such designated date shall not be earlier than the calendar year in which the Participant attains age 55 or later than the calendar year
in which the Participant attains age 70. 

  

	 	(3)	Default Election. If a Participant described in Subsection (a) of this Section fails to make a payment election in accordance with the provisions of this Section, the
Participant shall be deemed to have elected the payment of the Participant’s Transition Contribution Account in monthly installments over 15 years upon the earlier of the Participant’s Termination of Employment or attainment of age 70.

  

	 	(c)	 Subsequent Changes to Payment Elections: A Participant may change the form or timing of the payment elected under Subsection (b) of this Section, or the
form or timing of payment subsequently elected under this Subsection, with respect to the distribution of the Participant’s Transition Contribution Account only if (i) such election is made at least 12 months prior to the date the payment
of the 

  

 30 

	 	 
Participant’s Transition Contribution Account would have otherwise commenced, and (ii) the effect of such election is to defer commencement of such
payments by at least 5 years. Notwithstanding any other provision of this Subsection, no election may be made under this Subsection if the effect of such election would be to commence payment of the Participant’s Transition Contribution Account
after the Participant’s attainment of age 70. 

  

	6.3	Timing of Monthly Installments 

  

	 	(a)	Monthly Installments Upon Termination of Employment: Subject to the provisions of Section 6.5, for any distribution made pursuant to Section 6.2(b)(1) or 6.2(b)(3),
such monthly installments shall commence to be paid in the calendar quarter next following the calendar quarter in which the Participant’s Termination of Employment occurs. Notwithstanding the preceding sentence, if the Participant attains age
70 before the Participant’s Termination of Employment, such monthly installments shall commence to be paid in the calendar quarter next following the calendar quarter in which the Participant attains age 70. 

  

	 	(b)	Monthly Installments Commencing as of a Designated Date: For any distribution made pursuant to Section 6.2(b)(2), such monthly installments shall commence to be paid as
of the date designated by the Participant. Notwithstanding the preceding sentence and subject to the provisions of Section 6.5, if the Participant has a Termination of Employment before the date designated pursuant to Section 6.2(b)(2),
such monthly installments shall commence to be paid in the calendar quarter next following the calendar quarter in which the Participant’s Termination of Employment occurs. 

  

	6.4	Death of Participant Following Commencement of Monthly Installments 

 If a Participant who is receiving monthly installment payments dies before the last monthly installment is paid, then the remaining monthly installments shall be paid to the Participant’s Beneficiary as and when
such monthly installments would have otherwise been paid to the Participant had the Participant not died. 
  

	6.5	Special Provisions for “Specified Employees” 

 Notwithstanding any provision of the Plan to the contrary, to the extent applicable, in no event shall any payment made pursuant to this Article be made to a “specified employee” within the meaning of Section 409A of the Code
earlier than 6 months after the date of the Participant’s Termination of Employment, except in connection with the Participant’s death. 
  

	6.6	Amount of Benefit from a Participant’s Transition Contribution Account 

 The amount of the benefit provided by a Participant’s Transition Contribution Account shall be determined as follows: 
  
  

	 	(a)	Reduction for Non-Vested Benefits: If, in the case of a Severance benefit, the Participant’s Vested Percentage in the Participant’s Transition Contribution Account
is less than 100%, then the balance of the Transition Contribution Account shall be reduced to the product of (i) the balance in the Transition Contribution Account multiplied by (ii) the applicable Vested Percentage, and the remainder of
the Transition Contribution Account shall be forfeited and disregarded in determining the Participant’s Severance benefit. 

  

 31 

	 	(b)	Monthly Installments Method of Payment: The amount of each monthly installment shall be the quotient of (i) the balance of the Participant’s Transition Contribution
Account (after any reduction for non-vested benefits described in Subsection (a) of this Section) as of the Adjustment Date immediately preceding the beginning of the calendar year in which payment of the Participant’s benefit commences as
described in Section 6.3, divided by (ii) the number of remaining monthly installments in the installment period (including the calendar year’s monthly installments being calculated). In no event, however, shall any monthly
installment exceed the balance of the Participant’s Transition Contribution Account immediately prior to such installment, and therefore no installment shall be paid once the balance of the Participant’s Transition Contribution Account is
zero. 

  

	6.7	Reemployment 

 If a Participant who has become
entitled to a benefit again becomes an Employee, such reemployment shall not change, suspend, delay or otherwise affect payment of such benefit. 
  

 32 

 ARTICLE VII 
 ADVANCE PAYMENT FOR UNFORESEEABLE EMERGENCIES 
  

	7.1	Advance Payment for Unforeseeable Emergencies 

 Subject to approval of the Plan Administrator, a Participant may receive advance payment of benefits under the Plan in the event of an Unforeseeable Emergency, but only if the Plan Administrator determines that the resulting hardship may
not be relieved (i) through reimbursement or compensation by insurance or otherwise, or (ii) by liquidation of the Participant’s assets, to the extent the liquidation of such assets would not itself cause severe financial hardship.
Any such advance payment shall be made in a single lump sum payment as soon as practicable following the Plan Administrator’s determination that such advance payment is permitted under this Section, shall not exceed the amount that the Plan
Administrator determines is necessary to satisfy the unforeseeable emergency (taking into account all other available financial resources of the Participant), and shall require that no further Deferrals be made to the Plan by the Participant for 12
months following such advance payment. 
  

	7.2	Payments from Accounts for Advance Payment for Unforeseeable Emergencies 

 An advance payment made pursuant to Section 7.1 shall be made from the Participant’s Accounts and Subaccounts as determined by the Plan Administrator. 
  

 33 

 ARTICLE VIII 
 PRE-RETIREMENT DEATH BENEFIT 
  

	8.1	Eligibility 

 This Article provides a death benefit
(“Pre-Retirement Death Benefit”) with respect to a Participant: 
  

	 	(a)	who dies while an Employee and (if the Participant has attained age 70) before Deferred Retirement; 

  

	 	(b)	who dies while Totally Disabled but prior to the commencement of Disability Retirement benefits; or 

  

	 	(c)	who dies after having terminated employment, and is eligible for Early Retirement but prior to receiving benefits under the Plan. 

 The Pre-Retirement Death Benefit shall be in lieu of any and all other benefits provided under the Plan with respect to the Participant or to the
Beneficiary. 
  

	8.2	Method of Payment 

 At the time a Participant makes
an election pursuant to Section 4.3(a) (which election may not thereafter be changed), the Participant shall also elect the form of payment of the Pre-Retirement Death Benefit attributable to the Participant’s Fixed Benefit Option Account,
the Participant’s Pre-2006 Supplemental Account, the Participant’s Post-2005 Supplemental Account and the Participant’s Transition Contribution Account that may be payable upon the Participant’s death pursuant to this Article.
The Participant may elect to have the Pre-Retirement Death Benefit paid in a single lump sum payment or in monthly installments over 5, 10 or 15 years. If a Participant fails to make a payment election described in this Section, the
Participant’s Pre-Retirement Death Benefit shall be paid to the Participant’s Beneficiary in monthly installments over 15 years. 
  

	8.3	Timing of Payment 

 The Pre-Retirement Death Benefit
shall be paid or commence to be paid during the calendar quarter next following receipt by the Plan Administrator of satisfactory proof of the Participant’s death. 
  

	8.4	Amount of Benefit under the Fixed Benefit Option Account 

 The amount of the Pre-Retirement Death Benefit provided by the Participant’s Fixed Benefit Option Account shall be determined as described in Subsections (a), (b) and (c) of this Section and shall be based solely on the
amounts allocated to the Participant’s Fixed Benefit Option Account at the time of such determination. 
  

 34 

	 	(a)	Lump Sum Method of Payment: If the method of payment is a single lump sum payment, the amount of the lump sum payment shall be the Fixed Benefit Option Account balance as
described in Subsection (c) of this Section. 

  

	 	(b)	Monthly Installments Method of Payment: If the method of payment is monthly installments, the monthly installments shall be equal in amount and shall have a present value as
of the first day of the calendar quarter next following the Participant’s death equal to the balance of the Participant’s Fixed Benefit Option Account as of such date as described in Subsection (c) of this Section, determined by
discounting the monthly payments (i) in the case of death on or after Normal Retirement Age, at the interest rate used in determining the balance of the Participants Fixed Benefit Option Account as described in Paragraph (c)(1) of this Section
or (ii) in the case of death before Normal Retirement Age, at the interest rate described in Subparagraph (c)(2)(B) of this Section. 

  

	 	(c)	Fixed Benefit Option Account Balance: For purposes of Subsections (a) and (b) of this Section, the Fixed Benefit Option Account balance means the following:

  

	 	(1)	Death on or after Normal Retirement Age. If the Participant dies on or after Normal Retirement Age, the Fixed Benefit Option Account balance shall be the amount that the
Participant’s Fixed Benefit Option Account balance would have been had the Participant Retired on the day preceding the Participant’s death. 

  

	 	(2)	Death before Normal Retirement Age. If the Participant dies before Normal Retirement Age, the Fixed Benefit Option Account shall be the sum of Amount A and Amount B,
determined as of the first day of the calendar quarter next following the Participant’s death, where: 

  

	 	(A)	Amount A is the amount of the Participant’s Pre-2006 Deferrals and Pre-2006 Company Contributions credited to the Fixed Benefit Option Account with respect to any year prior to
2006. 

  

	 	(B)	Amount B is interest credited with respect to the Pre-2006 Deferrals and Pre-2006 Company Contributions in Amount A at the following interest rate compounded annually: 13% if the
Participant was eligible for Early Retirement-Special or Disability Retirement-Special at the time of the Participant’s death, 11% if the Participant was eligible for Early Retirement-Regular or Disability Retirement-Regular at the time of the
Participant’s death, or 8% in any other case. If the Participant became a Participant on or after January 1, 2001, however, the interest rate shall be the lesser of (i) the interest rate provided by the preceding sentence or
(ii) the interest rate determined as follows: 

  

			
	 Years of Service at
 Participant’s Death
	 	 Applicable Interest Rate

	 Less than 5
	 	8%
	 5-9
	 	11%
	 10 or more
	 	13%

  

 35 

	8.5	Amount of Benefit from a Participant’s Pre-2006 Supplemental Account 

 The amount of the Pre-Retirement Death Benefit provided by the deceased Participant’s Pre-2006 Supplemental Account shall be determined as follows: 
  

	 	(a)	Lump Sum Method of Payment: If the method of payment is a single lump sum payment, the amount of the lump sum payment shall equal the balance of the Participant’s
Pre-2006 Supplemental Account as of the Adjustment Date immediately preceding payment. 

  

	 	(b)	Monthly Installments Method of Payment: If the method of payment is monthly installments, the amount of the monthly installments shall be the quotient of (i) the balance
of the Participant’s Pre-2006 Supplemental Account as of the Adjustment Date immediately preceding the beginning of the calendar quarter in which benefit payments commence divided by (ii) the number of remaining installments in the
installment period (including the calendar year’s monthly installments being calculated). In no event, however, shall any monthly installment exceed the balance of the Participant’s Pre-2006 Supplemental Account immediately prior to such
installment, and therefore no installment shall be paid once the balance of the Participant’s Pre-2006 Supplemental Account is zero. 

  

	8.6	Amount of Benefit from a Participant’s Post-2005 Supplemental Account 

 The amount of the Pre-Retirement Death Benefit provided by the deceased Participant’s Post-2005 Supplemental Account shall be determined as follows: 
  

	 	(a)	Lump Sum Method of Payment: If the method of payment is a single lump sum payment, the amount of the lump sum payment shall equal the balance of the Participant’s
Post-2005 Supplemental Account as of the Adjustment Date immediately preceding payment. 

  

	 	(b)	Monthly Installments Method of Payment: If the method of payment is monthly installments, the amount of the monthly installments shall be the quotient of (i) the balance
of the Participant’s Post-2005 Supplemental Account as of the Adjustment Date immediately preceding the beginning of the calendar quarter in which benefit payments commence divided by (ii) the number of remaining installments in the
installment period (including the calendar year’s monthly installments being calculated). In no event, however, shall any monthly installment exceed the balance of the Participant’s Post-2005 Supplemental Account immediately prior to such
installment, and therefore no installment shall be paid once the balance of the Participant’s Post-2005 Supplemental Account is zero. 

  

 36 

	8.7	Amount of Benefit from a Participant’s Transition Contribution Account 

 The amount of the Pre-Retirement Death Benefit provided by the deceased Participant’s Transition Contribution Account shall be determined as follows: 
  

	 	(a)	Lump Sum Method of Payment: If the method of payment is a single lump sum payment, the amount of the lump sum payment shall equal the balance of the Participant’s
Transition Contribution Account as of the Adjustment Date immediately preceding payment. 

  

	 	(b)	Monthly Installments Method of Payment: If the method of payment is monthly installments, the amount of the monthly installments shall be the quotient of (i) the balance
of the Participant’s Transition Contribution Account as of the Adjustment Date immediately preceding the beginning of the calendar quarter in which benefit payments commence divided by (ii) the number of remaining installments in the
installment period (including the calendar year’s monthly installments being calculated). In no event, however, shall any monthly installment exceed the balance of the Participant’s Transition Contribution Account immediately prior to such
installment, and therefore no installment shall be paid once the balance of the Participant’s Transition Contribution Account is zero. 

  

 37 

 ARTICLE IX 
 CHANGE IN CONTROL BENEFIT 
  

	9.1	Eligibility 

 This Article provides a benefit (a
“Change in Control Benefit”) for each Participant who, as of the date of a Change in Control: 
  

	 	(a)	is an Employee and (if the Participant has attained age 70) the Participant has not taken Deferred Retirement; or 

  

	 	(b)	is under a Total Disability but has not reached Disability Retirement. 

  

	9.2	Method of Payment 

 At the time a Participant makes
an election pursuant to Section 4.3(a) (which election may not thereafter be changed), the Participant shall also elect the form of payment of the Change in Control Benefit attributable to the Participant’s Fixed Benefit Option Account,
the Participant’s Pre-2006 Supplemental Account, the Participant’s Post-2005 Supplemental Account and the Participant’s Transition Contribution Account that may be payable upon a Change in Control pursuant to this Article. The
Participant may elect to have the Change in Control Benefit paid in a single lump sum payment or in monthly installments over 5, 10 or 15 years. If a Participant fails to make a payment election described in this Section, the Participant’s
Change in Control Benefit shall be paid to the Participant in monthly installments over 15 years. 
  

	9.3	Timing of Payment 

 The Change in Control Benefit
shall be paid or commence to be paid during the calendar quarter next following the Change in Control. 
  

	9.4	Amount of Benefit under the Fixed Benefit Option Account 

 The amount of the Change in Control Benefit provided by the Participant’s Fixed Benefit Option Account shall be determined as described in Subsections (a), (b) and (c) of this Section and shall be based solely on the amounts
allocated to the Participant’s Fixed Benefit Option Account at the time of such determination. 
  

	 	(a)	Lump Sum Method of Payment: If the method of payment is a single lump sum payment, the amount of the lump sum payment shall be the Fixed Benefit Option Account balance as
described in Subsection (c) of this Section. 

  

	 	(b)	Monthly Installments Method of Payment: If the method of payment is monthly installments, the monthly installments shall be equal in amount and have a present value as of the
first day of the calendar quarter next following the Change in Control equal to the Participant’s Fixed Benefit Option Account balance, determined by discounting the monthly installments at the rate of 13% per annum.

  

 38 

	 	(c)	Fixed Benefit Option Account Balance: For purposes of Subsections (a) and (b) of this Section, the balance of the Participant’s Fixed Benefit Option Account
means the sum of Amount A and Amount B, determined as of the first day of the calendar quarter next following the Change in Control, where: 

  

	 	(1)	Amount A is the amount of the Participant’s Pre-2006 Deferrals and Pre-2006 Company Contributions credited to the Fixed Benefit Option Account; and 

  

	 	(2)	Amount B is interest credited with respect to the Pre-2006 Deferrals and Pre-2006 Company Contributions in Amount A at the rate of 13% per annum. 

  

	9.5	Amount of Benefit from the Participant’s Pre-2006 Supplemental Account 

 The amount of the Change in Control Benefit provided by the Participant’s Pre-2006 Supplemental Account shall be determined as follows: 
  

	 	(a)	Lump Sum Method of Payment: If the method of payment is a single lump sum payment, the amount of the lump sum payment shall equal the balance of the Participant’s
Pre-2006 Supplemental Account as of the Adjustment Date immediately preceding payment. 

  

	 	(b)	Monthly Installments Method of Payment: If the method of payment is monthly installments, the amount of the monthly installments shall be the quotient of (i) the balance
of the Participant’s Pre-2006 Supplemental Account as of the Adjustment Date immediately preceding the beginning of the calendar quarter in which benefit payments commence divided by (ii) the number of remaining installments in the
installment period (including the calendar year’s monthly installments being calculated). In no event, however, shall any monthly installment exceed the balance of the Participant’s Pre-2006 Supplemental Account immediately prior to such
installment, and therefore no installment shall be paid once the balance of the Participant’s Pre-2006 Supplemental Account is zero. 

  

	9.6	Amount of Benefit from the Post-2005 Supplemental Account 

 The amount of the Change in Control Benefit provided by the Participant’s Post-2005 Supplemental Account shall be determined as follows: 
  

	 	(a)	Lump Sum Method of Payment: If the method of payment is a single lump sum payment, the amount of the lump sum payment shall equal the balance of the Participant’s
Post-2005 Supplemental Account as of the Adjustment Date immediately preceding payment. 

  

	 	(b)	 Monthly Installments Method of Payment: If the method of payment is monthly installments, the amount of the monthly installments shall be the quotient of
(i) the balance of the Participant’s Post-2005 Supplemental Account as of the 

  

 39 

	 	 
Adjustment Date immediately preceding the beginning of the calendar quarter in which benefit payments commence divided by (ii) the number of remaining
installments in the installment period (including the calendar year’s monthly installments being calculated). In no event, however, shall any monthly installment exceed the balance of the Participant’s Post-2005 Supplemental Account
immediately prior to such installment, and therefore no installment shall be paid once the balance of the Participant’s Post-2005 Supplemental Account is zero. 

  

	9.7	Amount of Benefit from the Transition Contribution Account 

 The amount of the Change in Control Benefit provided by the Participant’s Transition Contribution Account shall be determined as follows: 
  

	 	(a)	Lump Sum Method of Payment: If the method of payment is a single lump sum payment, the amount of the lump sum payment shall equal the balance of the Participant’s
Transition Contribution Account as of the Adjustment Date immediately preceding payment. 

  

	 	(b)	Monthly Installments Method of Payment: If the method of payment is monthly installments, the amount of the monthly installments shall be the quotient of (i) the balance
of the Participant’s Transition Contribution Account as of the Adjustment Date immediately preceding the beginning of the calendar quarter in which benefit payments commence divided by (ii) the number of remaining installments in the
installment period (including the calendar year’s monthly installments being calculated). In no event, however, shall any monthly installment exceed the balance of the Participant’s Transition Contribution Account immediately prior to such
installment, and therefore no installment shall be paid once the balance of the Participant’s Transition Contribution Account is zero. 

  

	9.8	Payments to Beneficiary 

 If a Participant entitled
to a Change in Control Benefit dies after payment of the Change in Control Benefit has begun but before payment of the Change in Control Benefit has been completed, then the payment(s) remaining to be paid at the time of the Participant’s death
shall be paid instead to the Participant’s Beneficiary at the time and in the manner and the amount as would have been paid to the Participant had the Participant not died. If payment of the Change in Control Benefit had not begun before the
Participant’s death, payment of the Change in Control Benefit shall commence during the calendar quarter next following the Change in Control and be paid in monthly installments over 15 years. 
  

	9.9	Benefits Pending or in Progress 

 If, as of the date
of a Change in Control, a Participant is not entitled to a Change in Control Benefit under Section 9.1 but is entitled to one or more future payments under Article IV, Article V or Article VI, such benefits shall be paid at the time and in the
manner and the amount provided in Article IV, Article V or Article VI, as applicable. If, 

  

 40 

 
as of the date of a Change in Control, a Beneficiary is entitled to one or more future payments under Article IV, Article V, Article VI or Article VIII, such
benefits shall be paid at the time and in the manner and amount provided in Article IV, Article V, Article VI or Article VIII, as applicable. 
  

 41 

 ARTICLE X 
 ACCOUNTS 
  

	10.1	Establishment of Accounts 

  

	 	(a)	Fixed Benefit Option Account: The Plan Administrator shall establish and cause to be maintained a Fixed Benefit Option Account with respect to each Participant. In addition,
the Plan Administrator shall establish and cause to be maintained with respect to each Participant separate subaccounts to be known respectively as the Participant’s Pre-2006 Deferral Subaccount, the Pre-2006 Matching Contribution Subaccount
and the Pre-2006 Discretionary Contribution Subaccount. The applicable portion of such Subaccounts together shall comprise the Fixed Benefit Option Account. 

  

	 	(b)	Pre-2006 Supplemental Accounts: The Plan Administrator shall establish and cause to be maintained a Pre-2006 Supplemental Account with respect to each Participant. In
addition, the Plan Administrator shall establish and cause to be maintained with respect to each Participant separate subaccounts to be known respectively as the Participant’s Pre-2006 Deferral Subaccount, the Pre-2006 Matching Contribution
Subaccount and the Pre-2006 Discretionary Contribution Subaccount. The applicable portion of such Subaccounts together shall comprise the Pre-2006 Supplemental Account. Within each Pre-2006 Deferral Subaccount, Pre-2006 Matching Contribution
Subaccount and Pre-2006 Discretionary Contribution Subaccount there shall be kept Investment Subaccounts. 

  

	 	(c)	Post-2005 Supplemental Accounts: The Plan Administrator shall establish and cause to be maintained a Post-2005 Supplemental Account with respect to each Participant. In
addition, the Plan Administrator shall establish and cause to be maintained with respect to each Participant separate subaccounts to be known respectively as the Participant’s Post-2005 Deferral Subaccount, the Post-2005 Matching Contribution
Subaccount and the Post-2005 Discretionary Contribution Subaccount. The applicable portion of such Subaccounts together shall comprise the Post-2005 Supplemental Account. Within each Post-2005 Deferral Subaccount, Post-2005 Matching Contribution
Subaccount and Post-2005 Discretionary Contribution Subaccount there shall be kept Investment Subaccounts. 

  

	 	(d)	Transition Contribution Account: The Plan Administrator shall establish and cause to be maintained a Transition Contribution Account with respect to each Participant. Within
each Transition Contribution Account shall be kept Investment Subaccounts. 

  

	10.2	Accounting 

  

	 	(a)	Accounting of Deferral Subaccounts: As of each Adjustment Date, the Plan Administrator shall debit and credit each Participant’s Pre-2006 Deferral Subaccount and
Post-2005 Deferral Subaccount, as applicable, by the following: 

  

	 	(1)	Payments. There shall be debited the amount of benefit payments made to or on behalf of the Participant or the Participant’s Beneficiary since the last Adjustment Date
and allocable to such Deferral Subaccount. 

  

 42 

	 	(2)	Net Gain (Loss) Equivalent. There shall be credited or debited, as the case may be, the Net Gain (Loss) Equivalent since the last Adjustment Date for each of the
Participant’s Investment Subaccounts. 

  

	 	(3)	Deferrals. There shall be credited the Participant’s Deferrals made since the last Adjustment Date and allocable to such Deferral Subaccount. 

 

	 	(b)	Accounting of Matching Contribution Subaccounts: As of each Adjustment Date, the Plan Administrator shall debit and credit each Participant’s Pre-2006 Matching
Contribution Subaccount or Post-2005 Matching Contribution Subaccount, as applicable, by the following: 

  

	 	(1)	Payments. There shall be debited the amount of benefit payments made to or on behalf of the Participant or the Participant’s Beneficiary since the last Adjustment Date
and allocable to such Matching Contribution Subaccount. 

  

	 	(2)	Net Gain (Loss) Equivalent. There shall be credited or debited, as the case may be, the Net Gain (Loss) Equivalent since the last Adjustment Date for each of the
Participant’s Investment Subaccounts. 

  

	 	(3)	Matching Contributions. There shall be credited the Participant’s Pre-2006 Matching Contributions or Post-2005 Matching Contributions made since the last Adjustment Date
and allocable to such Matching Contribution Subaccount. 

  

	 	(c)	Accounting of Discretionary Contribution Subaccounts: As of each Adjustment Date, the Plan Administrator shall debit and credit each Participant’s Pre-2006 Discretionary
Contribution Subaccount or Post-2005 Discretionary Contribution Subaccount, as applicable, by the following: 

  

	 	(1)	Payments. There shall be debited the amount of benefit payments made to or on behalf of the Participant or the Participant’s Beneficiary since the last Adjustment Date
and allocable to such Discretionary Contribution Subaccount. 

  

	 	(2)	Net Gain (Loss) Equivalent. There shall be credited or debited, as the case may be, the Net Gain (Loss) Equivalent since the last Adjustment Date for each of the
Participant’s Investment Subaccounts. 

  

	 	(3)	Discretionary Contributions. There shall be credited the Participant’s Pre-2006 Discretionary Contributions or Post-2005 Discretionary Contributions made since the last
Adjustment Date and allocable to such Discretionary Contribution Subaccount. 

  

 43 

	 	(d)	Accounting of Fixed Benefit Option Account: As of each Adjustment Date, the Plan Administrator shall debit and credit each Participant’s Fixed Benefit Option Account by
the following: 

  

	 	(1)	Payments. There shall be debited the amount of benefit payments made to or on behalf of the Participant or the Participant’s Beneficiary since the last Adjustment Date
and allocable to the Participant’s Fixed Benefit Option Account. 

  

	 	(2)	Interest Credit. There shall be credited interest at the Applicable Interest Rate described in Section 4.7(b), using simple interest computed on a monthly basis, since
the last Adjustment Date. 

  

	 	(e)	Accounting of Transition Contribution Account: As of each Adjustment Date, the Plan Administrator shall debit and credit each Participant’s Transition Contribution
Account by the following: 

  

	 	(1)	Payments. There shall be debited the amount of benefit payments made to or on behalf of the Participant or the Participant’s Beneficiary since the last Adjustment Date
and allocable to the Participant’s Transition Contribution Account. 

  

	 	(2)	Net Gain (Loss) Equivalent. There shall be credited or debited, as the case may be, the Net Gain (Loss) Equivalent since the last Adjustment Date for each of the
Participant’s Investment Subaccounts. 

  

	 	(3)	Transition Contributions. There shall be credited the Participant’s Transition Contributions made since the last Adjustment Date and allocable to the Participant’s
Transition Contribution Account. 

  

 44 

 ARTICLE XI 
 ADMINISTRATION OF THE PLAN 
  

	11.1	Powers and Duties of the Plan Administrator 

 The
Plan Administrator shall have general responsibility for the administration of the Plan (including but not limited to complying with reporting and disclosure requirements, and establishing and maintaining Plan records). In the exercise of the Plan
Administrator’s sole and absolute discretion, the Plan Administrator shall interpret the Plan’s provisions (and all ambiguities) and subject to the Committee’s approval, determine the eligibility of individuals for benefits.

  

	11.2	Agents 

 The Plan Administrator may engage such
legal counsel, certified public accountants and other advisors and service providers, who may be advisors or service providers for one or more Participating Companies, and make use of such agents and clerical or other personnel, as the Plan
Administrator shall require or may deem advisable for purposes of the Plan. The Plan Administrator may rely upon the written opinion of any legal counsel or accountants engaged by the Plan Administrator, and may delegate to any person or persons the
Plan Administrator’s authority to perform any act hereunder, including, without limitation, those matters involving the exercise of discretion, provided that such delegation shall be subject to revocation at any time at the discretion of the
Plan Administrator. 
  

	11.3	Reports to the Committee 

 The Plan Administrator
shall report to the Committee as frequently as the Committee shall specify, with regard to the matters for which the Plan Administrator is responsible under the Plan. 
  

	11.4	Limitations on the Plan Administrator 

 The Plan
Administrator shall not be entitled to act on or decide any matter relating solely to the Plan Administrator or any of the Plan Administrator’s rights or benefits under the Plan. In the event the Plan Administrator is unable to act in any
matter by reason of the foregoing restriction, the Committee shall act on such matter. The Plan Administrator shall not receive any special compensation for serving in such capacity but shall be reimbursed for any reasonable expenses incurred in
connection therewith. Except as otherwise required by ERISA, no bond or other security shall be required of the Plan Administrator in any jurisdiction. The Plan Administrator or any agent to whom the Plan Administrator delegates any authority, and
any other person or group of persons, may serve in more than one fiduciary capacity with respect to the Plan. 
  

	11.5	Benefit Elections, Procedures and Calculations 

 The
Plan Administrator shall establish, and may alter, amend and modify from time to time, the procedures pursuant to which Participants (and Beneficiaries) may make their 

  

 45 

 
respective elections, requests and designations under the Plan, including procedures relating to the making of Deferral Elections (including elections
thereunder as to the allocation of Pre-2006 Deferrals, Post-2005 Deferrals, Pre-2006 Company Contributions, Post-2005 Company Contributions and Transition Contributions among the Investment Options), and designations of Beneficiaries. The Plan
Administrator shall also establish the election and designation forms that Participants and Beneficiaries must use for such purposes. No election, request or designation by a Participant or a Beneficiary shall be effective unless and until it has
been executed and delivered to the Plan Administrator (or the Plan Administrator’s authorized representative) and has also satisfied any other conditions or requirements that may apply to such election, request or designation under any other
applicable provision of the Plan. 
  

	11.6	Calculation of Benefits 

 The Plan Administrator
shall promulgate and establish such written rules, charts, examples and other guidelines as the Plan Administrator deems necessary or advisable in order to precisely calculate the benefits due hereunder, and the same shall be filed with the records
of the Plan Administrator and shall be binding and governing on Participants, their Beneficiaries and all other interested parties to the extent they represent a reasonable and consistent interpretation of the benefit-calculation provisions of the
Plan. 
  

	11.7	Instructions for Payments 

 All requests of or
directions to any Participating Company for payment or disbursement shall be signed by the Plan Administrator or such other person or persons as the Plan Administrator may from time to time designate in writing. This person shall cause to be kept
full and accurate accounts of payments and disbursements under the Plan. 
  

	11.8	Claims for Benefits 

  

	 	(a)	General: In the event a claimant has a claim under the Plan, such claim shall be made by the claimant’s filing a notice thereof with the Plan Administrator. (A claimant
may authorize a representative to act on the claimant’s behalf with respect to the claim.) Each such claim shall be referred to the Plan Administrator for the initial decision with respect thereto. Each claimant who has submitted a claim to the
Plan Administrator shall be afforded a reasonable opportunity to state such claimant’s position and to submit written comments, documents, records, and other information relating to the claim to the Plan Administrator for the Plan
Administrator’s consideration in rendering the Plan Administrator’s decision with respect thereto. A claimant shall also be provided, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other
information relevant to the claim. 

  

	 	(b)	 Plan Administrator Decision: The Plan Administrator will consider the claim and make a decision and notify the claimant in writing within a reasonable period
of time but not later than 90 days after the Plan Administrator receives the claim. Under special circumstances, the Plan Administrator may take up to an additional 

  

 46 

	 	 
90 days to review the claim if the Plan Administrator determines that such an extension is necessary due to matters beyond the Plan Administrator’s
control. If this happens, the claimant will be notified before the end of the initial 90-day period of the circumstances requiring the extension and the date by which the Plan Administrator expects to render a decision. If any part of the Claim is
denied, the notice will include specific reasons for the denial and specific references to the pertinent Plan provisions on which the denial is based, describe any additional material or information necessary to file the claim properly and explain
why this material or information is necessary, and describe the Plan’s review procedures, including the claimant’s right to bring a civil action under Section 502(a) of ERISA following an adverse benefits determination on review.

  

	 	(c)	Review of Decision: The claimant may have the denial of any part of the claim reviewed. The denial will be reviewed by the Committee. To obtain a review, the claimant must
submit a written request for review to the Committee within 90 days after the claimant receives the written decision of the Plan Administrator. The written request may include written comments, documents, records, and other information relating to
the claim. The claimant will be provided upon request and free of charge reasonable access to and copies of all documents, records, and other information relevant to the claim. 

 The Committee will review the case and notify the claimant of its decision, whether favorable or unfavorable, within a reasonable period of time, but no
later than 60 days after it receives the claim. The review will take into account all comments, documents, records, and other information the claimant submits, without regard to whether such information was submitted or considered in the initial
benefit determination. Under special circumstances, the Committee may take up to an additional 60 days to review the claim if it determines that such an extension is necessary due to matters beyond its control. If this happens, the claimant will be
notified before the end of the initial 60-day period of the circumstances requiring the extension and the date by which the Committee expects to render a decision. 
 The notification to the claimant will be in writing, specify the reasons for its decision, make specific references to the Plan provisions on which the denial was based, and include a statement that the claimant is
entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the claim and a statement regarding the claimant’s right to bring a civil action under
Section 502(a) of ERISA. 
 The decision of the Committee will be final and conclusive upon all persons interested therein, except to the
extent otherwise provided by applicable law. 
  

	11.9	Hold Harmless 

 To the maximum extent permitted by
law, no member of the Committee or the Plan Administrator shall be personally liable by reason of any contract or other instrument 

  

 47 

 
executed by the Plan Administrator or a member of the Committee or on such member’s behalf in such member’s capacity as a member of the Committee
nor for any mistake of judgment made in good faith, and each Participating Company shall indemnify and hold harmless, directly from its own assets (including the proceeds of any insurance policy the premiums of which are paid from the Company’s
own assets), the Plan Administrator and each member of the Committee and each other officer, employee, or director of any Participating Company to whom any duty or power relating to the administration or interpretation of the Plan against any cost
or expense (including counsel fees) or liability (including any sum paid in settlement of a claim with the approval of any Participating Company) arising out of any act or omission to act in connection with the Plan unless arising out of such
person’s own fraud or bad faith or such indemnification is contrary to law. 
  

	11.10	  Service of Process 

 The Secretary of
the Company or such other person designated by the Board shall be the agent for service of process under the Plan. 
  

 48 

 ARTICLE XII 
 DESIGNATION OF BENEFICIARIES 
  

	12.1	Beneficiary Designation 

 Every Participant shall
file with the Plan Administrator a written designation of one or more persons as the Beneficiary who shall be entitled to receive the benefits, if any, payable under the Plan after the Participant’s death. A Participant may from time to time
revoke or change such Beneficiary by filing a new designation with the Plan Administrator. The last such designation received by the Plan Administrator shall be controlling; provided, however, that no designation, or change or revocation thereof,
shall be effective unless received by the Plan Administrator prior to the Participant’s death, and in no event shall it be effective as of any date prior to such receipt. All decisions of the Plan Administrator concerning the effectiveness of
any Beneficiary designation and the identity of any Beneficiary shall be final. If a Beneficiary dies after the death of the Participant and prior to receiving the payment(s) that would have been made to such Beneficiary had such Beneficiary’s
death not occurred, and if no contingent Beneficiary has been designated, then for the purposes of the Plan the payment(s) that would have been received by such Beneficiary shall be made to the Beneficiary’s estate. 
  

	12.2	Failure to Designate Beneficiary 

 If no Beneficiary
designation is in effect at the time of a Participant’s death (including a situation where no designated Beneficiary is alive or in existence at the time of the Participant’s death), the benefits, if any, payable under the Plan after the
Participant’s death shall be made to the Participant’s Surviving Spouse, if any, or if the Participant has no Surviving Spouse, to the Participant’s estate. If the Plan Administrator is in doubt as to the right of any person to
receive such benefits, the Plan Administrator may direct the Participating Company to withhold payment, without liability for any interest thereon, until the rights thereto are determined, or the Plan Administrator may direct the Participating
Company to pay any such amount into any court of appropriate jurisdiction; and such payment shall be a complete discharge of the liability of the Participating Company. 
  

 49 

 ARTICLE XIII 
 WITHDRAWAL OF PARTICIPATING COMPANY 
  

	13.1	Withdrawal of Participating Company 

 The
Participating Company (other than the Company) may withdraw from participation in the Plan by giving the Board prior written notice approved by resolution by its board of directors or similar governing body specifying a withdrawal date, which shall
be the last day of a month at least 30 days subsequent to the date which notice is received by the Board. The Participating Company shall withdraw from participating in the Plan if and when it ceases to be either a division of the Company or an
Affiliate. The Committee may require the Participating Company to withdraw from the Plan, as of any withdrawal date the Committee specifies. 
  

	13.2	Effect of Withdrawal 

 A Participating
Company’s withdrawal from the Plan shall not in any way modify, reduce or otherwise affect the Participating Company’s obligations under Deferral Elections made before the withdrawal, as such obligations are defined under the provisions of
the Plan existing immediately before this withdrawal. Withdrawal from the Plan by any Participating Company shall not in any way affect any other Participating Company’s participating in the Plan. 
  

 50 

 ARTICLE XIV 
 AMENDMENT OR TERMINATION OF THE PLAN 
  

	14.1	Right to Amend or Terminate Plan 

  

	 	(a)	By the Board or the Committee: Subject to Subsection (c) of this Section, the Board or the Committee reserves the right at any time to amend or terminate the Plan, in
whole or in part, and for any reason and without the consent of any Participating Company, Participant or Beneficiary. Each Participating Company by its participation in the Plan shall be deemed to have delegated this authority to the Committee.

  

	 	(b)	By the Plan Administrator: Subject to Subsection (c) of this Section, the Plan Administrator may adopt any ministerial and nonsubstantive amendment which may be
necessary or appropriate to facilitate the administration, management and interpretation of the Plan, provided the amendment does not materially affect the estimated cost to the Participating Companies of maintaining the Plan. Each Participating
Company by its participation in the Plan shall be deemed to have delegated this authority to the Plan Administrator. 

  

	 	(c)	Limitations: In no event shall any amendment or termination of the Plan modify, reduce or otherwise affect a Participating Company’s obligations under Deferral Elections
made before the amendment or termination, as such obligations are defined under the provisions of the Plan existing immediately before such amendment or termination. Notwithstanding any provision of the Plan to the contrary, from and after the date
of a Change in Control, no amendment or termination may be made to the Plan that, without the express written consent of the affected Participant or Beneficiary (as the case may be), directly or indirectly changes the amount, time or method of
payment of (i) any Change in Control Benefits resulting from the Change in Control or (ii) any Retirement benefit, Severance benefit, Pre-Retirement Death Benefit or other benefits that had accrued by the date of the Change in Control.

  

	 	(d)	Effect of Amendment and Restatement: This amendment and restatement of the Plan shall not affect the time, amount or method of payment of Plan benefits paid on or after the
Effective Date to any Participant whose employment with the Company terminated on or before the Effective Date, and such Participant’s benefits (including any death benefits) shall be determined under the provisions of the Plan as in effect
immediately prior to the Effective Date; provided, however, upon a Change in Control, the provisions of Sections 2.5(f), 9.9 and Subsection (c) of this Section shall apply to any remaining benefits of such Participant. 

 

	14.2	Notice 

 Notice of any amendment or termination of
the Plan shall be given by the Board or the Committee, whichever adopts the amendment, to the other and all Participating Companies. 
  

 51 

 ARTICLE XV 
 GENERAL PROVISIONS AND LIMITATIONS 
  

	15.1	No Right to Continued Employment 

 Nothing contained
in the Plan shall give any Employee the right to be retained in the employment of the Participating Company or Affiliate or affect the right of any such employer to dismiss any Employee with or without cause. The adoption and maintenance of the Plan
shall not constitute a contract between any Participating Company and Employee or consideration for, or an inducement to or condition of, the employment of any Employee. Unless a written contract of employment has been executed by a duly authorized
representative of a Participating Company, such Employee is an “employee at will.” 
  

	15.2	Payment on Behalf of Payee 

 If the Plan
Administrator finds that any person to whom any amount is payable under the Plan is unable to care for such person’s affairs because of illness or accident, or is a minor, or has died, then any payment due such person or such person’s
estate (unless a prior claim therefor has been made by a duly appointed legal representative) may, if the Plan Administrator so elects, be paid to such person’s spouse, a child, a relative, an institution maintaining or having custody of such
person, or any other person deemed by the Plan Administrator to be a proper recipient on behalf of such person otherwise entitled to payment. Any such payment shall be a complete discharge of the liability of the Plan and every Participating Company
therefor. 
  

	15.3	Nonalienation 

 No interest, expectancy, benefit,
payment, claim or right of any Participant or Beneficiary under the Plan shall be (a) subject in any manner to any claims of any creditor of the Participant or Beneficiary, (b) subject to the debts, contracts, liabilities or torts of the
Participant or Beneficiary or (c) subject to alienation by anticipation, sale, transfer, assignment, bankruptcy, pledge, attachment, charge or encumbrance of any kind. If any person attempts to take any action contrary to this Section, such
action shall be null and void and of no effect; and the Plan Administrator and the Participating Company shall disregard such action and shall not in any manner be bound thereby and shall suffer no liability on account of its disregard thereof.

 If the Participant or Beneficiary hereunder becomes bankrupt or attempts to anticipate, alienate, sell, assign, pledge, encumber, or charge
any right hereunder, then such right or benefit shall, in the discretion of the Plan Administrator, cease and terminate, and in such event the Plan Administrator may hold or apply the same or any part thereof for the benefit of the Participant or
Beneficiary or the spouse, children, or other dependents of the Participant or Beneficiary, or any of them, in such manner and in such amounts and proportions as the Plan Administrator may deem proper. 
  

 52 

	15.4	Missing Payee 

 If the Plan Administrator cannot
ascertain the whereabouts of any person to whom a payment is due under the Plan, and if, after five years from the date such payment is due, a notice of such payment due is mailed to the last known address of such person, as shown on the records of
the Plan Administrator or any Participating Company, and within three months after such mailing such person has not made written claim therefor, the Plan Administrator, if the Plan Administrator so elects, after receiving advice from counsel to the
Plan, may direct that such payment and all remaining payments otherwise due to such person be canceled on the records of the Plan and the amount thereof forfeited; and upon such cancellation, the Participating Company shall have no further liability
therefor, except that, in the event such person later notifies the Plan Administrator of such person’s whereabouts and requests the payment or payments due to such person under the Plan, the amounts otherwise due but unpaid shall be paid to
such person without interest for late payment. 
  

	15.5	Required Information 

 Each Participant shall file
with the Plan Administrator such pertinent information concerning himself or herself, such Participant’s Beneficiary, or such other person as the Plan Administrator may specify; and no Participant, Beneficiary, or other person shall have any
rights or be entitled to any benefits under the Plan unless such information is filed by or with respect to the Participant. 
  

	15.6	No Trust or Funding Created 

 The obligations of
such Participating Company to make payments hereunder constitutes a liability of such Participating Company to a Participant or Beneficiary, as the case may be. Such payments shall be made from the general funds of the Participating Company; and the
Participating Company shall not be required to establish or maintain any special or separate fund, or purchase or acquire life insurance on a Participant’s life, or otherwise to segregate assets to assure that such payment shall be made; and
neither a Participant nor a Beneficiary shall have any interest in any particular asset of the Participating Company by reason of its obligations hereunder. Nothing contained in the Plan shall create or be construed as creating a trust of any kind
or any other fiduciary relationship between any Participating Company and a Participant or any other person, it being the intention of the parties that the Plan be unfunded for tax purposes and for Title I of ERISA. The rights and claims of a
Participant or a Beneficiary to a benefit provided hereunder shall have no greater or higher status than the rights and claims of any other general, unsecured creditor of any Participating Company; and the Plan constitutes a mere promise to make
benefit payments in the future. 
  

	15.7	Binding Effect 

 Obligations incurred by any
Participating Company pursuant to the Plan shall be binding upon and inure to the benefit of such Participating Company, its successors and assigns, and the Participant and the Participant’s Beneficiary. 
  

 53 

	15.8	Merger or Consolidation 

 In the event of a merger
or a consolidation by any Participating Company with another corporation, or the acquisition of substantially all of the assets or outstanding stock of a Participating Company by another corporation, then and in such event the obligations and
responsibilities of such Participating Company under the Plan shall be assumed by any such successor or acquiring corporation, and all of the rights, privileges and benefits of the Participants and Beneficiaries hereunder shall continue. 

 

	15.9	Entire Plan 

 This document, any elections provided
for in the Plan, any written amendments hereto and the Exhibits attached hereto contain all the terms and provisions of the Plan and shall constitute the entire Plan, any other alleged terms or provisions being of no effect. 
  

	15.10	  Withholding 

 Each Participating Company
shall withhold from benefit payments all taxes required by law. 
  

	15.11	  Compliance with Section 409A of the Code 

 The Plan is intended to comply with Section 409A of the Code. Notwithstanding any provision of the Plan to the contrary, the Plan shall be interpreted, operated and administered consistent with this intent. 
  

	15.12	  Construction 

 Unless otherwise
indicated, all references to articles, sections and subsections shall be to the Plan as set forth in this document. The titles of articles and the captions preceding sections and subsections have been inserted solely as a matter of convenience of
reference only and are to be ignored in any construction of the provisions of the Plan. Whenever used herein, unless the context clearly indicates otherwise, the singular shall include the plural and the plural the singular. 
  

	15.13	  Applicable Law 

 The Plan shall be
governed and construed in accordance with the laws of the State of Delaware, except to the extent such laws are preempted by the laws of the United States of America. 
  

 54 

 IN WITNESS WHEREOF, the Company has caused this Plan to be executed this 28th day of February, 2007. 
  

			
	 COCA-COLA BOTTLING CO.

	 CONSOLIDATED

		
	 By
	 	 /s/ Henry W. Flint

			
	 Officer’s Name
	 	 Henry W. Flint

	 Officer’s Title
	 	 Executive Vice President

  

 55

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