Document:

EXHIBIT 10.8

                             THE COCA-COLA COMPANY

                        1989 RESTRICTED STOCK AWARD PLAN
                       (As Amended through April 18, 2001)

Section 1.      Purpose

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

Section 2.      Administration

     The Plan shall be administered by a committee (the  "Committee")  appointed
by the Board of  Directors of the Company (the  "Board") or in  accordance  with
Section 7, Article III of the By-Laws of the Company (as amended through October
17,  1996) from among its members and shall be  comprised of not less than three
(3)  members of the Board.  Unless and until its members  are not  qualified  to
serve on the Committee  pursuant to the provisions of the Plan, the Compensation
Committee  shall be members of the Board who are not eligible to  participate in
the Plan for at least one year  prior to the time  they  become  members  of the
Committee.  Eligibility  requirements  for members of the Committee shall comply
with Rule 16b-3 promulgated  pursuant to the Securities Exchange Act of 1934, as
amended (the "Exchange Act") or any successor rule or regulation.  The Committee
shall  determine  the officers and key  employees of the Company and its Related
Companies (including  officers,  whether or not they are directors) to whom, and
the time or times at which,  Awards will be granted,  the number of shares to be
awarded, the time or times within which the Awards may be subject to forfeiture,
and all other  conditions of the Award. The provisions of the Awards need not be
the same with respect to each recipient.

     The  Committee is  authorized,  subject to the  provisions  of the Plan, to
establish such rules and  regulations as it deems necessary or advisable for the
proper  administration  of the Plan and to take such other action in  connection
with or in relation to the Plan as it deems necessary or advisable.  Each action
made or taken pursuant to the Plan, including interpretation of the Plan and the
Awards granted hereunder by the Committee, shall be

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final and  conclusive  for all purposes  and upon all  persons,  including,
without limitation,  the Company and its Related Companies,  the Committee,  the
Board, the Officers and the affected employees of the Company and/or its Related
Companies and their respective successors in interest.

Section 3.      Stock

     The stock to be issued under the Plan pursuant to Awards shall be shares of
Common Stock,  $.25 par value, of the Company (the "Stock").  The Stock shall be
made available  from treasury or authorized and unissued  shares of Common Stock
of the Company.  The total number of shares of Stock that may be issued pursuant
to  Awards  under the Plan,  including  those  already  issued,  may not  exceed
40,000,000  shares  (subject to adjustment in accordance  with Section 8), which
number  represents  the  number of  shares  originally  authorized  in the Plan,
adjusted for 2-for-1 stock splits which occurred on May 1, 1990, May 1, 1992 and
May 1, 1996, less the number of shares already issued pursuant to the Plan as of
October 1, 1996.  Shares of Stock  previously  granted  pursuant to Awards,  but
which are forfeited  pursuant to Section 5, below, shall be available for future
Awards.

Section 4.      Eligibility

     Awards may be granted to officers and key  employees of the Company and its
Related  Companies who have been employed by the Company or a Related  [Company]
(but only if the Related  Company is one in which the Company  owns on the grant
date,  directly  or  indirectly,  either (i) 50% or more of the voting  stock or
capital where such entity is not publicly held, or (ii) an interest which causes
the Related  Company's  financial  results to be consolidated with the Company's
financial results for financial  reporting  purposes) for a reasonable period of
time  determined by the  Committee.  The term "Related  Company"  shall mean any
corporation or other business  organization in which the Company owns,  directly
or  indirectly,  20  percent  or more of the  voting  stock  or  capital  at the
applicable  time. No employee shall acquire pursuant to Awards granted under the
Plan more than twenty (20)  percent of the  aggregate  number of shares of Stock
issuable pursuant to Awards under the Plan.

Section 5.      Awards

     Except as otherwise  specifically provided in the grant of an Award, Awards
shall be granted  solely for  services  rendered  to the  Company or any Related
Company by the  employee  prior to the date of the grant and shall be subject to
the following terms and conditions:

     (a) The Stock  subject to an Award shall be forfeited to the Company if the
employment of the employee by the Company or Related Company  terminates for any
reason  (including,  but not limited to,  termination  by the  Company,  with or
without cause) other than death, "Retirement",  as hereinafter defined, provided
that such Retirement occurs at least five (5) years from the date of grant of an
Award  and also  provided  that the  employee  has  attained  the age of 62,  or
disability  (within the meaning of Section 22(e)(3)

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of the Internal  Revenue Code of 1986,  as amended),  prior to a "Change in
Control" of the Company as hereinafter  defined.  "Retirement",  as used herein,
shall mean an  employee's  voluntarily  leaving  the employ of the  Company or a
Related  Company on a date which is on or after the earliest  date on which such
employee would be eligible for an immediately  payable  benefit  pursuant to (i)
for those employees  eligible for  participation  in the Company's  Supplemental
Retirement  Plan, the terms of that Plan and (ii) for all other  employees,  the
terms of the Employees  Retirement Plan (the "ERP") assuming such employees were
eligible to participate in the ERP.

     (b) If at any time the  recipient  Retires on a date which is at least five
(5)  years  from the date of grant of an Award and on or after the date on which
the employee has  attained  the age of 62, dies or becomes  disabled,  or in the
event of a "Change in Control" of the Company, as hereinafter defined,  prior to
such Retirement, death or disability, such recipient shall be entitled to retain
the number of shares  subject to the Award.  A "Change in Control"  shall mean a
change in control of a nature  that would be required to be reported in response
to Item 6(e) of Schedule 14A of Regulation  14A  promulgated  under the Exchange
Act as in effect on November  15, 1988,  provided  that such a change in control
shall be deemed to have  occurred at such time as (i) any "person" (as that term
is used in Sections  13(d) and 14(d)(2) of the Exchange  Act), is or becomes the
beneficial  owner (as defined in Rule 13d-3 under the Exchange  Act) directly or
indirectly,  of securities representing 20% or more of the combined voting power
for election of directors of the then  outstanding  securities of the Company or
any successor of the Company; (ii) during any period of two consecutive years or
less,  individuals who at the beginning of such period  constituted the Board of
Directors  of the  Company  cease,  for any  reason,  to  constitute  at least a
majority  of the Board of  Directors,  unless the  election  or  nomination  for
election of each new director was approved by a vote of at least  two-thirds  of
the  directors  then still in office who were  directors at the beginning of the
period;   (iii)  the   shareholders   of  the  Company  approve  any  merger  or
consolidation as a result of which the Common Stock shall be changed,  converted
or exchanged (other than a merger with a wholly-owned subsidiary of the Company)
or any  liquidation  of the Company or any sale or other  disposition  of 50% or
more of the assets or earning power of the Company;  or (iv) the shareholders of
the Company approve any merger or  consolidation to which the Company is a party
as a  result  of  which  the  persons  who  were  shareholders  of  the  Company
immediately  prior to the effective  date of the merger or  consolidation  shall
have  beneficial  ownership  of less than 50% of the  combined  voting power for
election of directors of the surviving  corporation following the effective date
of such merger or consolidation;  provided,  however,  that no Change in Control
shall be deemed to have  occurred  if, prior to such time as a Change in Control
would  otherwise be deemed to have occurred,  the Board of Directors  determines
otherwise.

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

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        (d)     Performance-Based Awards.

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

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

                (i)     average annual growth in earnings per share;
                (ii)    increase in share-owner value;
                (iii)   earnings per share;
                (iv)    net income;
                (v)     return on assets;
                (vi)    return on share-owners' equity;
                (vii)   increase in cash flow;
                (viii)  operating profit or operating margins;
                (ix)    revenue growth of the Company;
                (x)     operating expenses; and
                (xi)    quality as determined by the Company's Quality Index.

The  Measurement  Period  will be a  period  of  years,  determined  by the
Subcommittee in its discretion, commencing on January 1 of the first year of the
Measurement Period and ending on December 31 of the last year of the Measurement
Period. The Measurement Period will be subject to adjustment as the Subcommittee
may provide in the terms of each award.

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<PAGE>

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

     4. Shares awarded in the form of Performance-Based  Awards will be released
only if the  Controller  of the Company and the  Subcommittee  certify  that the
performance targets have been achieved during the Measurement Period.

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

Section 6.      Nontransferability of Awards

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

Section 7.      Rights as a Stockholder

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

Section 8.      Adjustment in the Number of Shares Awarded

     In the event there is any change in the Stock  through the  declaration  of
stock dividends,  through stock splits or through  recapitalization or merger or
consolidation or combination of shares or otherwise,  the Committee or the Board
shall make such adjustment,  if any, as it may deem appropriate in the number of
shares of Stock thereafter available for Awards.

Section 9.      Taxes

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

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

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

Section 10.     Restrictive Legend and Stock Power

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

Section 11.     Amendments, Modifications and Termination of Plan

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

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

Section 12.     Governing Law

     The Plan and all  determinations  made and actions taken  pursuant  thereto
shall  be  governed  by the  laws of the  State  of  Georgia  and  construed  in
accordance therewith.

                                      7EXHIBIT 10.21.1

                             EMPLOYMENT AGREEMENT

     AGREEMENT, dated as of February 21, 2001, by and between Deval L. Patrick
(the "Executive"), and The Coca-Cola Company (the "Company").

     WHEREAS, the parties desire to enter into this agreement setting forth the
terms and conditions of the employment relationship of the Executive with the
Company;

     NOW, THEREFORE, in consideration of the premises and the mutual agreements
set forth below, the parties hereby agree as follows:

     1. EMPLOYMENT. The Company hereby agrees to employ the Executive, and the
Executive hereby accepts such employment, on the terms and conditions
hereinafter set forth.

     2. EMPLOYMENT PERIOD. The period during which the Executive is employed by
the Company hereunder (the "Employment Period") shall commence on April 2, 2001
(the "Effective Date") and shall end on the fifth anniversary thereof; provided,
however, that commencing on the fourth anniversary of the Effective Date and on
each subsequent anniversary of the Effective Date (each such anniversary, a
"Renewal Date"), the Employment Period shall automatically be extended for one
additional year unless, not later than the date which is four months prior to
such Renewal Date, the Company or the Executive shall have given notice not to
extend the Employment Period.

   3. POSITION AND DUTIES; PLACE OF PERFORMANCE. (a) During the Employment
Period, the Executive shall serve as Executive Vice President and General
Counsel of the Company, subject to election by the Board of Directors of the
Company (the "Board"). The Executive shall report to the Chairman of the Board
and Chief Executive Officer of the Company (the "Chief Executive Officer").
During the Employment Period, the Executive shall have those powers and duties
consistent with his positions and assigned by the Chief Executive Officer,
including but not limited to managing the Company's worldwide legal affairs
(including law-related strategic and policy issues); organizing the hiring,
development, promotion and disposition of worldwide legal staff; and hiring and
firing outside counsel. During the Employment Period, the Executive shall be a
member of the Company's Executive Committee. The Executive agrees to devote
substantially all of his working time to the performance of his duties for the
Company. Notwithstanding the foregoing sentence, it shall not be a violation of
this Agreement for the Executive to

<PAGE>

serve on corporate, civic or charitable boards or committees; provided, however,
that his service on corporate boards or committees shall be subject to the
consent of the Company, which consent shall not be unreasonably withheld; and
provided further, however, that the Company shall be deemed to have given such
consent with respect to those boards and committees on which the Executive
serves as of the Effective Date.

          (b) The principal place of employment of the Executive shall be at the
Company's principal executive offices in Atlanta, Georgia.

     4. COMPENSATION AND RELATED MATTERS.

     (a) BASE SALARY; MAKE-WHOLE PAYMENT; INCENTIVES. The Executive shall be
entitled to the following base salary, make-whole payment and incentives:

          (i) BASE SALARY. As of the Effective Date, as compensation for the
     performance by the Executive of his duties hereunder, the Company shall pay
     the Executive a base salary at an annual rate of $475,000 (the base salary,
     at the rate in effect from time to time, is hereinafter referred to as the
     "Base Salary"). The Base Salary shall be payable in accordance with the
     Company's normal payroll practice and may be increased from time to time at
     the discretion of the Compensation Committee of the Board. The Base Salary
     shall not be subject to reduction by the Company at any time during the
     Employment Period.

          (ii) MAKE-WHOLE PAYMENT. The Company shall pay to the Executive a
     make-whole payment of $1,000,000, one-half of which shall be paid on the
     Effective Date and the remainder of which shall be paid on the first
     anniversary of the Effective Date.

          (iii) ANNUAL INCENTIVE. So long as the Executive is employed by the
     Company, he shall be eligible to receive annual cash incentive awards (the
     "Annual Incentive") pursuant to and subject to the terms and conditions of
     the Company's Annual Performance Incentive Plan or Executive Performance
     Incentive Plan (or any successor plan). The Executive's Annual Incentive in
     respect of 2001 shall in no event be less than 80% of his target bonus for
     such year. The Executive's Annual Incentive in respect of 2001 and for each
     year after 2001 shall in no event be targeted at a percentage less than the

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     target percentage set for other similarly situated executive officers of
     the Company (the "Peer Executives").

          (iv) LONG-TERM INCENTIVE. So long as the Executive is employed by the
     Company, he shall be eligible to receive long-term cash incentive awards
     (the "Long-Term Incentive") pursuant to and subject to the terms and
     conditions of the Company's Long Term Performance Incentive Plan (or any
     successor plan). The target percentage for the Executive's Long-Term
     Incentive for each performance period during the Employment Period shall in
     no event be less than the target percentage set for the Peer Executives.

     (b) EQUITY GRANTS.

          (i) STOCK OPTIONS. The Chief Executive Officer shall recommend to the
     Stock Option Subcommittee of the Board at its first meeting following the
     Effective Date that the Company grant to the Executive a stock option (the
     "Option"), pursuant to the Company's 1999 Stock Option Plan, to purchase a
     number of shares of the Company's common stock, par value $0.25 per share
     ("Common Stock") having a Black-Scholes value equal to the Black-Scholes
     value of the options to acquire shares of the Executive's employer (the
     "Current Employer") held by the Executive on the date hereof. The
     Black-Scholes value of the Option shall be calculated as of the Effective
     Date using the same methodology and assumptions utilized by the Company in
     valuing annual grants to all employees in 2000. The Black-Scholes value of
     the options to acquire shares of the Current Employer held by the Executive
     on the date hereof shall be calculated as of the Effective Date using the
     same methodology (including the methodology used to determine assumptions)
     utilized by the Company in valuing annual grants to all employees in 2000.
     Any Black-Scholes calculation made pursuant to this Agreement shall be
     delivered to the Executive reasonably in advance of the date of grant of
     the Option. The Option grant shall be reflected in an option agreement
     which, except as expressly provided in this Agreement, shall include the
     terms of the Company's standard form of option agreement as in effect on
     the date of grant of the Option.

          (ii) RESTRICTED STOCK. The Chief Executive Officer shall recommend to
     the Restricted Stock Subcommittee of the Board

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     at its first meeting following the Effective Date that the Company
     grant to the Executive, pursuant to the Company's 1989 Restricted Stock
     Award Plan, a number of shares of Common Stock (the "Restricted Stock")
     having a fair market value on the Effective Date equal to the sum of (A)
     $2,000,000 and (B) the fair market value on the Effective Date of the
     number of restricted shares of Current Employer common stock held by the
     Executive on the date hereof. The Restricted Stock shall be reflected in a
     restricted stock agreement which, except as expressly provided in this
     Agreement, shall include the terms of the Company's standard form of
     restricted stock agreement as in effect on the date of grant of the
     Restricted Stock; provided, however, that the Restricted Stock shall be
     released from restriction on the earlier of (1) the third anniversary of
     the Effective Date or (2) certain terminations of employment, as set forth
     in Section 6 hereof.

          (iii) FUTURE EQUITY GRANTS. At such time(s) during each year of the
     Employment Period that the Compensation Committee or a subcommittee thereof
     approves annual stock option grants and/or other equity grants to senior
     executives of the Company, and provided that the Executive is then still
     employed by the Company, the Company shall grant to the Executive equity
     awards according to the terms of the applicable plans, using ranges set for
     the Peer Executives and based upon the Executive's performance. Such future
     equity grants, in combination with the Option and the Restricted Stock,
     shall be referred to herein as the "Equity Awards".

     (c) EXPENSES. During the Employment Period, the Company shall reimburse the
Executive for all reasonable business expenses in accordance with applicable
policies and procedures then in force. The Company acknowledges that the
Executive's principal residence is located in Milton, MA and that the Executive
intends to commute on a regular basis from such principal residence to the
Company's headquarters in Atlanta, GA. Accordingly, for at least twelve months
following the Effective Date, the Company shall reimburse the Executive, on an
after-tax basis, for all travel costs and expenses incurred by the Executive in
connection with commuting from his principal residence to the Company's
principal executive offices. In addition, the Company shall provide for
relocating his home, family and personal belongings (including a reasonable
number of trips for the Executive's spouse) in the event that the Executive
determines to relocate to the vicinity of the Company's principal executive
offices, in accordance with the Company's current relocation policy.

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<PAGE>

     (d) PENSION CREDIT. So long as the Executive has remained in the employ of
the Company until the fifth anniversary of the Effective Date, he shall be
eligible for pension benefits equal to the amount that he would have earned
under the Company's Employee Retirement Plan and Supplemental Retirement Plan
(and any successor plans), if the Executive's service had been determined as if
he had been in the employ of the Company for a number of years equal to the sum
of (i) his actual number of years of service with the Company and (ii) ten (such
additional credit, the "Pension Credit"). Such Pension Credit shall be reduced
by the amounts actually paid under such plans in accordance with their terms.
The Company reserves the right to purchase annuities or such other vehicles as
it may determine to fund the Pension Credit and/or to pay to the Executive, at
the time of the Executive's retirement, death or Disability, a lump sum payment
equal to the present value of the Pension Credit, determined using the interest
rate prescribed by the Pension Benefit Guaranty Corporation for valuing
immediate annuities for plans terminating in the month in which the Executive's
retirement, death or Disability occurs.

     (e) VACATION AND OTHER ABSENCES. The Executive shall be entitled to paid
vacation and other paid absences, whether for holidays, illness, personal time
or any similar purposes during the Employment Period, in accordance with
policies applicable generally to senior executives of the Company.
Notwithstanding the generality of the foregoing, the Executive shall be entitled
to a minimum of four weeks of paid vacation per year during the Employment
Period.

     (f) OTHER BENEFITS. During the Employment Period, the Executive shall be
eligible to participate in such other employee benefit programs and perquisite
arrangements as are applicable generally to employees and/or made available to
senior executives of the Company (the "Benefit Plans"), in accordance with the
terms and conditions of such Benefit Plans and on a basis no less favorable than
the Peer Executives, but with all waiting periods waived to the maximum extent
permitted by such Benefit Plans.

     5. TERMINATION. The Executive's employment hereunder may be terminated as
follows:

          (a) DEATH. The Executive's employment shall terminate upon his death,
     in which event the date of his death shall be the Date of Termination.

          (b) DISABILITY. If, as a result of the Executive's incapacity due to
     Disability (as defined in the Company's Long Term Disability Plan), the
     Company shall have given the Executive a Notice of Termination for
     Disability, and, within

                                        5

<PAGE>

     thirty days after such Notice of Termination is given, the Executive
     shall not have returned to the full-time performance of the Executive's
     duties, the Company may terminate the Executive's services hereunder, in
     which event the Date of Termination shall be thirty days after Notice of
     Termination is given.

          (c) CAUSE. The Company may terminate the Executive's employment
     hereunder for Cause. For purposes of this subsection, "Cause" shall mean
     (i) the Executive's material breach of this Agreement, (ii) the Executive's
     gross negligence in the performance or non-performance of any of his
     material duties or responsibilities hereunder, (iii) the Executive's
     dishonesty, fraud or willful misconduct with respect to, or disparagement
     of, the business or affairs of the Company, (iv) the Executive's conviction
     of a felony, (v) the Executive's being absent from work for five
     consecutive days for any reason other than vacation, approved leave of
     absence (such approval not to be unreasonably withheld) or disability or
     illness pursuant to Company policy or law, which, in the case of clauses
     (i), (ii), (iii) and (v), is demonstrably and materially injurious to the
     Company or its subsidiaries, monetarily or otherwise. No act or failure to
     act by the Executive shall be considered Cause unless the Company has given
     detailed written notice thereof to the Executive and, where remedial action
     is feasible, he has failed to remedy the act or omission within twenty
     business days after receiving such notice.

          (d) GOOD REASON. The Executive may terminate his employment hereunder
     for Good Reason. For purposes of this Agreement, "Good Reason" shall mean
     any material breach of this Agreement, the occurrence of which is not
     remedied by the Company within five business days following receipt of the
     Executive's Notice of Termination, including but not limited to the failure
     by the Board to elect the Executive to the positions of Executive Vice
     President and General Counsel at the first meeting of the Board held after
     the Effective Date, but in no event later than April 18, 2001. In the event
     of a termination for Good Reason, the Date of Termination shall be the date
     specified in the Notice of Termination, which shall be not less than twenty
     business days after the Notice of Termination is delivered.

          (e) OTHER TERMINATIONS. The Company may terminate the Executive's
     employment hereunder other than for Cause or Disability, and the Executive
     may terminate his employment other than for Good Reason. If the Executive's
     employment is terminated pursuant to this Section 5(e), the date on which a
     Notice of Termination is given or any later date (within 30 days) set forth
     in such Notice of Termination shall be the Date of Termination.

                                        6

<PAGE>

          (f) NOTICE OF TERMINATION. Any termination of the Executive's
     employment hereunder by the Company or by the Executive (other than
     termination pursuant to Section 5(a) hereof) shall be communicated by
     written Notice of Termination to the other party hereto in accordance with
     Section 15 hereof. For purposes of this Agreement, a "Notice of
     Termination" shall mean a notice which shall indicate the specific
     termination provision in this Agreement relied upon and shall set forth in
     reasonable detail the facts and circumstances claimed to provide a basis
     for termination of the Executive's employment under the provision so
     indicated.

          6. COMPENSATION UPON TERMINATION OR DURING DISABILITY.

          (a) DISABILITY PERIOD. During any portion of the Employment Period
     during which the Executive fails to perform his duties hereunder as a
     result of incapacity due to short term disability (as defined in the
     applicable Company plan) prior to the commencement of Disability (the
     "Disability Period"), the Executive shall continue to (i) receive his full
     Base Salary, (ii) be eligible to receive the Annual Incentive and (iii)
     participate in the Benefit Plans. Payments made to the Executive during the
     Disability Period shall be reduced by the sum of the amounts, if any,
     payable to the Executive at or prior to the time of any such payment under
     disability benefit plans of the Company or under the Social Security
     disability insurance program, to the extent such amounts were not
     previously applied to reduce any such payment.

          (b) DEATH; DISABILITY. If the Executive's employment hereunder is
     terminated as a result of death or disability, then:

               (i) the Company shall pay the Executive (or the Executive's
          estate or designated beneficiary, as applicable) as soon as
          practicable after the Date of Termination (A) any Base Salary and
          reimbursable expenses, in each case accrued and owing the Executive
          hereunder as of the Date of Termination and any incentive payments in
          accordance with the relevant plans, (B) all benefits due and owing to
          or in respect of the Executive under all Benefit Plans, in accordance
          with the terms of such Benefit Plans and (C) the amounts described in
          Section 4(a)(ii), to the extent not theretofore paid (the benefits
          described in this clause (i) being hereinafter referred to
          collectively as the "Accrued Benefits");

               (ii) the Company shall continue to pay to the Executive or his
          estate or designated beneficiary, for a period of two years

                                        7

<PAGE>

          following the Date of Termination, his Base Salary, offset by any
          payments made to or in respect of the Executive under the Company's
          Survivor's Benefit Program or Long Term Disability Plan;

               (iii) the Option, Restricted Stock, and other Equity Awards shall
          become vested or released from restriction, as applicable (and, where
          relevant, remain exercisable) in accordance with the terms of the
          applicable plans and individual agreements; and

               (iv) the Executive shall be provided with the Pension Credit.

          (c) CAUSE OR BY EXECUTIVE OTHER THAN FOR GOOD REASON. If the
     Executive's employment hereunder is terminated by the Company for Cause or
     by the Executive other than for Good Reason, then:

               (i) the Company shall pay the Executive the Accrued Benefits;

               (ii) the Option shall become fully vested and exercisable (and
          shall remain exercisable in accordance with the applicable plans and
          individual agreements); and

               (iii) if the Date of Termination occurs prior to the third
          anniversary of the Executive's election as an officer of the Company,
          the Company shall pay to the Executive, as soon as practicable but no
          later than 30 days following the Date of Termination, a lump sum cash
          payment of $1,550,000.

          (d) TERMINATION BY THE COMPANY OTHER THAN FOR CAUSE OR DISABILITY OR
     BY THE EXECUTIVE FOR GOOD REASON. If the Executive's employment hereunder
     is terminated by the Company other than for Cause or Disability or by the
     Executive for Good Reason, then:

               (i) the Company shall pay the Executive the Accrued Benefits;

               (ii) the Company shall pay the Executive an Annual Incentive
          payment determined, prorated and paid in accordance with the terms of
          the applicable plan;

                                        8

<PAGE>

               (iii) the Company shall pay to the Executive, as soon as
          practicable but no later than 30 days following the Date of
          Termination, a lump sum amount equal to the sum of (A) two times the
          Executive's then-current Base Salary and (B) the average of the Annual
          Incentives paid or payable to the Executive for the three calendar
          years immediately preceding the year in which the Date of Termination
          occurs, or such lesser period during which the Executive was employed
          by the Company, offset by any severance paid to the Executive pursuant
          to any other severance pay plan or program of the Company;

               (iv) (A) the Option shall become fully vested and exercisable
          (and shall remain exercisable in accordance with the applicable plans
          and individual agreements), (B) any other options to acquire Common
          Stock granted to the Executive shall become vested and remain
          exercisable in accordance with the terms of the applicable plans and
          individual agreements and (C) the Restricted Stock shall be released
          from restriction;

               (v) the Company shall offer the Executive and his qualified
          dependents continued coverage under the Company's insurance plans, as
          required by the Consolidated Omnibus Budget Reconciliation Act
          (COBRA), at the Company's cost, so long as the Executive or his
          dependents are eligible for COBRA coverage; and

               (vi) the Executive shall be provided with the Pension Credit.

     7. MITIGATION. The Executive shall not be required to mitigate amounts
payable pursuant to Section 6 hereof by seeking other employment or otherwise,
nor shall such payments be reduced on account of any remuneration earned by the
Executive attributable to employment by another employer, by retirement
benefits, by offset against any amount claimed to be owed by the Executive to
the Company (other than any amounts owed by the Executive under Company benefit
plans and agreements and any expenses incurred by the Company on the Executive's
behalf and at the Executive's request) or otherwise.

     8. INDEMNIFICATION. To the fullest extent permitted by law, the Company
shall indemnify the Executive (including the advancement of expenses) for any
judgments, fines, amounts paid in settlement and reasonable expenses, including

                                        9

<PAGE>

attorneys' fees, incurred by the Executive in connection with the defense of any
lawsuit or other claim to which he is made a party by reason of being an
officer, director or employee of the Company or any of its subsidiaries. During
the Employment Period and for at least three years thereafter, the Company shall
use its reasonable best efforts to maintain customary director and officer
liability insurance covering the Executive for acts and omissions during the
Employment Period.

     9. EXECUTIVE COVENANTS. (a) During the Employment Period, and for a period
of one year thereafter, the Executive shall not, either directly or indirectly,
for himself or on behalf of or in conjunction with any other person, company,
partnership, corporation, business, group or other entity (each, a "Person"):

          (i) engage, as an officer, director, owner, partner, member, joint
     venturer, or in a managerial capacity, whether as an employee, independent
     contractor, consultant, advisor or sales representative, in any business
     engaged in the manufacture, sale or distribution of non-alcoholic
     beverages; or

          (ii) solicit or attempt to solicit, recruit or attempt to recruit, any
     employee, agent or contract worker of the Company with whom the Executive
     had contact during the course of his employment with the Company, or

     (b) For the purposes of this Section 9, references to "the Company" shall
mean the Company and its direct and indirect subsidiaries.

     (c) The covenants in this Section 9 are severable and separate, and the
unenforceability of any specific covenant shall not affect the provisions of any
other covenant. If any provision of this Section 9 relating to the time period
or geographic areas of the restrictive covenants shall be declared by a court of
competent jurisdiction to exceed the maximum time period or geographic area, as
applicable, that such court deems reasonable and enforceable, then this
Agreement shall automatically be considered to have been amended and revised to
reflect such determination.

     (d) All of the covenants in this Section 9 shall be construed as an
agreement independent of any other provisions in this Agreement, and the
existence of any claim or cause of action the Executive may have against the
Company, whether predicated on this Agreement or otherwise, shall not constitute
a defense to the enforcement by the Company of such covenants.

                                       10

<PAGE>

     (e) The Executive has carefully read and considered the provisions of this
Section 9 and, having done so, agrees that the restrictive covenants in this
Section 9 impose a fair and reasonable restraint on the Executive and are
reasonably required to protect the interests of the Company and its officers,
directors, employees, and stockholders. The Executive covenants that he will not
challenge the enforceability of this Section 9 nor will he raise any equitable
defense to its enforcement.

     10. TRADE SECRETS AND CONFIDENTIAL INFORMATION

     (a) For purposes of this Section, "Confidential Information" means any data
or information, other than Trade Secrets, that is valuable to the Company and
not generally known to the public or to competitors of the Company. "Trade
Secret" means information including, but not limited to, any technical or
nontechnical data, formula, pattern, compilation program, device, method,
technique, drawing, process, financial data, financial plan, product plan, list
of actual or potential customers or suppliers or other information similar to
any of the foregoing, which (i) derives economic value, actual or potential,
from not being generally known to, and not being readily ascertainable by proper
means by, other persons who can derive economic value from its disclosure or use
and (ii) is the subject of efforts that are reasonable under the circumstances
to maintain its secrecy.

     (b) The Executive acknowledges he is employed by the Company in a
confidential relationship wherein he, in the course of his employment with the
Company, has received or will receive and has had or will have access to
Confidential Information and Trade Secrets of the Company, including but not
limited to confidential and secret business and marketing plans, strategies and
studies, detailed client/customer lists and information relating to the
operations and business requirements of those clients/customers and accordingly,
he is willing to enter into the covenants contained in Sections 9 and 10 of this
Agreement in order to provide the Company with what he considers to be
reasonable protection for its interest.

     (c) The Executive hereby agrees that during the Employment Period and
thereafter, he will hold in confidence all Confidential Information of the
Company and its direct or indirect subsidiaries that came into his knowledge
during his employment by the Company and shall not disclose, publish or make use
of such Confidential Information without the prior written consent of the
Company.

     (d) The Executive shall hold in confidence all Trade Secrets of the Company
and its direct or indirect subsidiaries that came into his knowledge during

                                       11

<PAGE>

his employment by the Company and shall not disclose, publish or make use of at
any time after the date hereof such Trade Secrets without the prior written
consent of the Company for as long as the information remains a Trade Secret.

     (e) Notwithstanding the foregoing, the provisions of this Section will not
apply to (i) information required to be disclosed by the Executive in the
ordinary course of his duties hereunder or (ii) Confidential Information that
otherwise becomes generally known in the industry or to the public through no
act of the Executive or any person or entity acting by or on the Executive's
behalf, or which is required to be disclosed by court order or applicable law.

     (f) The parties agree that the restrictions stated in this Section 10 are
in addition to and not in lieu of protections afforded to trade secrets and
confidential information under applicable state law. Nothing in this Agreement
is intended to or shall be interpreted as diminishing or otherwise limiting the
Company's right under applicable state law to protect its trade secrets and
confidential information.

     11. INVENTIONS. The Executive agrees to promptly report and disclose to the
Company all developments, discoveries, methods, processes, designs, inventions,
ideas, or improvements (hereinafter collectively called "Work Product"),
conceived, made, implemented, or reduced to practice by the Executive, whether
alone or acting with others, during the Executive's employment with the Company,
that is developed (a) on the Company's time, or (b) while utilizing, directly or
indirectly, the Company's equipment, supplies, facilities, or trade secret
information. the Executive acknowledges and agrees that all Work Product is the
sole and exclusive property of the Company. The Executive agrees to assign, and
hereby automatically assigns, without further consideration, to the Company any
and all rights, title, and interest in and to all Work Product; provided
however, that this Section shall not apply to any Work Product for which no
equipment, supplies, facilities, or trade secret information of the Company was
used and which was developed entirely on the Executive's own time, unless the
Work Product (a) relates directly to the Company's business or its actual or
demonstrably anticipated research or development, or (b) results from any work
performed by the Executive for the Company. The Company, its successors and
assigns, shall have the right to obtain and hold in its or their own name
copyright registrations, trademark registrations, patents and any other
protection available to the work Product. The Executive agrees to perform, upon
the reasonable request of the Company, during or after employment, such further
acts as may be necessary or desirable to transfer, perfect, and defend the
Company's ownership of the Work Product.

                                       12

<PAGE>

     12. RETURN OF COMPANY PROPERTY. All records, designs, patents, business
plans, financial statements, manuals, memoranda, customer lists, customer
database, rolodex and other property delivered to or compiled by the Executive
by or on behalf of the Company (including the respective subsidiaries thereof)
or its representatives, vendors or customers which pertain to the business of
the Company (including the respective subsidiaries thereof) shall be and remain
the property of the Company, and be subject at all times to its discretion and
control. Upon the request of the Company and, in any event, upon the termination
of the Executive's employment with the Company, the Executive shall deliver all
such materials to the Company. Likewise, all correspondence, reports, records,
charts, advertising materials and other similar data pertaining to the business,
activities or future plans of the Company which are collected by the Executive
shall be delivered promptly to the Company without request by it upon
termination of the Executive's employment.

     13. EQUITABLE REMEDY. Because of the difficulty of measuring economic
losses to the Company as a result of a breach of the covenants set forth in
Sections 9, 10, 11 and 12, and because of the immediate and irreparable damage
that would be caused to the Company for which monetary damages would not be a
sufficient remedy, it is hereby agreed that in addition to all other remedies
that may be available to the Company at law or equity, the Company shall be
entitled to specific performance and any injunctive or other equitable relief as
a remedy for my breach or threatened breach of the Executive's covenants.

     14. SUCCESSORS; BINDING AGREEMENT.

     (a) COMPANY'S SUCCESSORS. No rights or obligations of the Company under
this Agreement may be assigned or transferred by the Company except that such
rights or obligations may be assigned or transferred pursuant to a merger or
consolidation in which the Company is not the continuing entity, or the sale or
liquidation of all or substantially all of the business and/or assets of the
Company, provided that the assignee or transferee is the successor to all or
substantially all of the business and/or assets of the Company and such assignee
or transferee assumes the liabilities, obligations and duties of the Company, as
contained in this Agreement, either contractually or as a matter of law. Prior
to any such succession, the Company will require any such successor expressly to
assume and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform if no such succession had
taken place. As used in this Agreement, "Company" shall mean the Company as
hereinbefore defined and shall include any successor to its business and/or
assets as aforesaid which executes and

                                       13

<PAGE>

delivers the agreement provided for in this Section 9 or which otherwise becomes
bound by all the terms and provisions of this Agreement.

     (b) EXECUTIVE'S SUCCESSORS. This Agreement shall not be assignable by the
Executive. This Agreement and all rights of the Executive hereunder shall inure
to the benefit of and be enforceable by the Executive's personal or legal
representatives, executors, administrators, successors, heirs, distributees,
devisees and legatees. Upon the Executive's death, all amounts to which he is
entitled hereunder, unless otherwise provided herein, shall be paid in
accordance with the terms of this Agreement to the Executive's devisee, legatee,
or other designee or, if there be no such designee, to the Executive's estate.

     15. NOTICE. For the purposes of this Agreement, notices, demands and all
other communications provided for in this Agreement shall be in writing and
shall be deemed to have been duly given when delivered or (unless otherwise
specified) mailed by United States certified or registered mail, return receipt
requested, postage prepaid, addressed as follows:

        If to the Executive:

                Deval L. Patrick
                Milton, MA

        If to the Company:

                The Coca-Cola Company
                One Coca-Cola Plaza
                Atlanta, GA  30313

                Attention:  Chief Executive Officer

or to such other address as either party may have furnished to the other in
writing in accordance herewith, except that notices of change of address shall
be effective only upon receipt.

     16. MISCELLANEOUS. No provisions of this Agreement may be modified unless
such modification is agreed to in writing signed by the Executive and an
authorized officer of the Company. Any waiver or discharge must be in writing
and signed by the Executive or such an authorized officer of the Company, as

                                       14

<PAGE>

the case may be. No waiver by either party hereto at any time of any breach by
the other party hereto of, or compliance with, any condition or provision of
this Agreement to be performed by such other party shall be deemed a waiver of
similar or dissimilar provisions or conditions at the same or at any prior or
subsequent time. The validity, interpretation, construction and performance of
this Agreement shall be governed by the laws of the State of Delaware without
regard to its conflicts of law principles.

     17. WITHHOLDING. Any payments provided for in this Agreement shall be paid
net of any applicable withholding of taxes required under federal, state or
local law.

     18. ARBITRATION; LEGAL FEES. Except as otherwise provided herein, all
controversies, claims or disputes arising out of or related to this Agreement
shall be settled in Atlanta, GA, under the rules of the American Arbitration
Association then in effect, and judgment upon such award rendered by the
arbitrator(s) may be entered in any court of competent jurisdiction. The costs
of the arbitration shall be borne by the Company. The Company shall pay the
reasonable legal fees and disbursements incurred by the Executive in connection
with the negotiation and preparation of this Agreement, subject to a maximum
amount of $25,000. In addition, the Company agrees to pay promptly as incurred,
to the fullest extent permitted by law, all legal fees and expenses which the
Executive may reasonably incur as a result of any contest by the Company, the
Executive or others of the validity or enforceability of, or liability under,
any provisions of this Agreement (including as a result of any contest initiated
by the Executive about the amount of any payment due pursuant to this
Agreement), plus in each case interest on any delayed payment at the applicable
federal rate provided for in Section 7872(f)(2)(A) of the Internal Revenue Code
of 1986, as amended.

     19. VALIDITY. The invalidity or unenforceability of any provision or
provisions of this Agreement shall not affect the validity or enforceability of
any other provision of this Agreement, which shall remain in full force and
effect.

     20. COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original but all of which
together will constitute one and the same instrument.

     21. ENTIRE AGREEMENT. This Agreement (together with any option and
restricted stock agreements evidencing the awards contemplated hereby) set forth
the entire agreement of the parties hereto in respect of the subject matter
contained

                                       15

<PAGE>

herein and supersedes all prior agreements, promises, covenants, arrangements,
communications, representations or warranties, whether oral or written, by the
parties hereto in respect of the subject matter contained herein; and any prior
agreement of the parties hereto in respect of the subject matter contained
herein is hereby terminated and cancelled.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]

                                       16

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
February 21, 2001 to be effective as of the Effective Date.

                                        THE COCA-COLA COMPANY

                                        /s/ DOUGLAS N. DAFT
                                        ------------------------------------
                                        Name:  /S/ DOUGLAS N. DAFT
                                        Title: Chairman and CEO

                                        /S/ DEVAL L. PATRICK
                                        ------------------------------------
                                        Executive

                                       17

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