Document:

Executive Management Incentive Plan

EXHIBIT 10.14 
 
EXECUTIVE MANAGEMENT INCENTIVE PLAN 
(Effective January 1, 2002) 
 
Section 1.    Purpose. 
 
The purpose of the Executive Management Incentive Plan (the “Plan”) is to advance the interest of Coca-Cola Enterprises Inc. (the “Company”) by providing senior officers of the Company with incentive to
assist the Company in meeting and exceeding its business goals. 
 
Section 2.    Administration. 
 
The Plan shall be administered by a Compensation Committee (the “Committee”) appointed by the Board of Directors of the Company (the “Board”) from among its members and shall be comprised of not fewer than two
members who shall be “outside directors” within the meaning of Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), and the regulations thereunder. 
 
The Committee may, subject to the provisions of the Plan, establish such
rules and regulations or take such action as it deems necessary or advisable for the proper administration of the Plan. Each interpretation made or action taken pursuant to the Plan shall be final and conclusive for all purposes and binding upon all
persons, including, but not limited to, the Company, the Committee, the Board, the affected Participants (as defined in Section 3), and their respective successors in interest. 
 
Subject to the Certificate of Incorporation, the Bylaws and applicable law, in addition to such other rights of
indemnification as they have as directors or as members of the Committee, the members of the Committee shall be indemnified by the Company against reasonable expenses (including, but not limited to, attorneys’ fees) incurred in connection with
the defense of any action, suit or proceeding, or in connection with any appeal, to which they or any of them may be a party by reason of any action taken or failure to act in connection with the Plan, and against all amounts paid by them in
settlement thereof (provided such settlement is approved to the extent required by and in the manner provided by the Certificate of Incorporation or Bylaws of the Company relating to indemnification of directors) or paid by them in satisfaction of a
judgment in any such action, suit, or proceeding, except in relation to matters as to which it shall be adjudged in such action, suit or proceeding that such Committee member or members did not act in good faith and in a manner he, she or they
reasonably believed to be in or not opposed to the best interest of the Company. 
 
Section 3.    Eligibility. 
 
Cash awards (“Awards”) may be made under this Plan to persons who are senior officers of the Company and its
Subsidiaries (“Participants”). 
 
“Subsidiary” shall mean any corporation or other business organization in which the Company owns, directly or indirectly, 20% or more of the voting stock or capital during any Performance Period. 
 
Section 4.    Performance Goal
Criteria. 
 
For each calendar year for which the Committee
determines an Award will be made (the “Performance Period”), the Committee shall establish a “Total Performance Goal,” which consists of the attainment of (1) specific targets for the Company’s actual operating income, as
compared to its budgeted operating income, (2) specific targets in the Company’s sales volume budget and (3) specific targets in the Company’s capital expenditures, as compared to its capital expenditure budget. All targets shall be
preestablished in accordance with Section 162(m) of the Internal Revenue Code and regulations thereunder. 
 
For purposes of this Plan, “operating income” and “capital expenditures” are determined in the same manner as set forth in the
Company’s audited financial statements for the Performance Period, normalized for acquisitions, divestitures and other significant financial events, and “sales volume” is the amount of the Company’s product sold, measured in
physical cases. 
 
 

 
Section
5.    Calculation of Awards. 
 
The
Committee shall establish Award levels, described as percentages by which a Participant’s annual base salary shall be multiplied, to determine the amount of an Award payable upon the attainment of specified targets described in Section 4. No
Award under the Plan shall exceed 250% percent of a Participant’s annual base salary. An Award paid to a Participant shall be calculated using the annual base salary in effect on December 31 of the year for which the Award is made.
Notwithstanding the preceding sentence, the annual base salary used to calculate an Award paid to a Participant (under this Section 5 or Section 6) may not exceed such Participant’s annual base salary in effect on January 1 of any Performance
Period for which the Award is made, increased by 10%. 
 
Section 6.    Prorated Awards. 
 
(i)    A person hired or promoted into a position identified in Section 3 (“Eligible Position”) during a Performance Period shall receive a prorated Award for the period of time the person was employed
in an Eligible Position, using the Participant’s base salary in effect on December 31 of the Performance Period for which the Award is made. 
 
(ii)    A Participant who is transferred from one Eligible Position to another Eligible Position during a Performance Period
shall receive an Award that is prorated for the period of time the Participant was employed within each Eligible Position, using the Participant’s annual base salary in effect on December 31 of the Performance Period for which the Award is
made. 
 
(iii)    A Participant who is
not employed in an Eligible Position on the last day of the Performance Period due to the Participant’s transfer to a position with the Company or a Subsidiary that is not an Eligible Position shall receive an Award that is prorated for the
period of time the Participant was employed in an Eligible Position, using the Participant’s annual salary on the last day that the Participant is employed in that Eligible Position. 
 
(iv)    A Participant whose employment with the Company or any Subsidiary terminates prior to the
last day of the Performance Period shall not receive any Award under the Plan unless the reason for such termination was the Participant’s death, disability, or retirement. In the event a Participant terminates on account of such circumstances,
the Participant shall receive a prorated Award determined as if the Participant transferred to a position within the Company that is ineligible for participation in the Plan as of the date of such termination. 
 
(v)    For purposes of this Section 6: 
 
(a)    “Retirement” means a
Participant’s voluntary termination of employment on a date which is on or after the earliest date on which such Participant would be eligible for an immediately payable benefit pursuant to the terms of the defined benefit pension plan
sponsored by the Company or a Subsidiary in which the Participant participates. If the Participant does not participate in such a plan, the date shall be determined as if the Participant participated in the Company’s defined benefit plan
covering the majority of its non-bargaining employees in the United States. 
 
(b)    “Disability” shall be determined according to the definition of “total and permanent disability,” in effect at the time of the determination, in the defined benefit plan
sponsored by the Company or a Subsidiary in which the Participant participates. If the Participant does not participate in such a plan or such plan does not define “disability,” “disability” shall mean the Participant’s
inability, by reason of a medically determinable physical or mental impairment, to engage in any substantial gainful activity, which condition, in the opinion of a physician approved of by the Committee, is expected to have a duration of not less
than one year. 
 
(c)    “Employed” means active employment during which the Participant is performing services to the Company or a Subsidiary, except that a Participant will be considered employed during approved
military leave, disability leave (for no more than six months), personal leave (for no more than three months) and leave under the Family and Medical Leave Act. 
 
(d)    “Prorated” means the determination of the amount of an Award for partial
participation in a particular Eligible Position, which amount is determined according to the nearest whole number of months in which a Participant was employed in the relevant Eligible Position(s) during the Performance Period for which the Award is
made. 
 

 
(e)    For purposes of this Section 6, a Participant’s employment with the Company or any Subsidiary will be deemed not to be a termination of employment if the Participant’s reason for termination is
due to immediate employment with any other Subsidiary or any Related Company; however, in such event, the Participant shall receive a prorated Award as if the Participant transferred to a position that is not eligible for participation under the
Plan. The term “Related Company” shall include The Coca-Cola Company or any corporation or business entity in which The Coca-Cola Company owns, directly or indirectly, 20% or more of the voting stock or capital if (i) such company is a
party to an active reciprocity agreement with the Company and (ii) the Company has assented to the Participant’s subsequent employment. 
 
Section 7.    Discretion of the Compensation Committee. 
 
All Awards shall be made solely on the basis of the performance goals
set forth by the Committee pursuant to Section 4 and only in accordance with the standards set forth in Section 5. The Committee shall have no authority to increase the amount of an Award payable to a Participant that would otherwise be due upon the
attainment of the performance goal. The Committee shall, however, have the authority to reduce or eliminate any Award under the Plan. 
 
Section 8.    Committee Certification. 
 
Prior to payment of an Award, the Committee shall certify in writing that the performance targets in Section 4 have, in
fact, been satisfied. 
 
Section
9.    Amendments, Modification and Termination of the 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 to correct any defect or supply any omission or
reconcile any inconsistency in the Plan or in the Awards made thereunder that does not constitute the modification of a material term of the Plan. Any such action may be taken without the approval of the shareowners unless the Committee determines
that the approval of shareowners would not be necessary to retain the benefits of Section 162(m) of the Internal Revenue Code. 
 
Section 10.    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.Supplemental Matched Employee Savings and Investment Plan

EXHIBIT 10.15 
 
COCA-COLA ENTERPRISES INC. 
SUPPLEMENTAL MATCHED EMPLOYEE SAVINGS AND INVESTMENT PLAN 
 
(AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2002) 
 

TABLE OF CONTENTS 
 

	 	  	 Page

	 ARTICLE I INTRODUCTION AND PURPOSE
	  	 1

	
	 1.1.      Purpose
	  	 1

	 1.2.      Amendment and Restatement
	  	 1

	
	 ARTICLE II DEFINITIONS
	  	 1

	
	 2.1.      “Account”
	  	 1

	 2.2.      “Administrative Committee”
	  	 1

	 2.3.      “Affiliate”
	  	 1

	 2.4.      “Beneficiary”
	  	 1

	 2.5.      “Code”
	  	 1

	 2.6.      “Company”
	  	 1

	 2.7.      “Compensation”
	  	 1

	 2.8.      “Deferral Account”
	  	 1

	 2.9.      “Deferral Election”
	  	 2

	 2.10.    “Disability”
	  	 2

	 2.11.    “Employee”
	  	 2

	 2.12.    “Eligible Employee”
	  	 2

	 2.13.    “Employer”
	  	 2

	 2.14.    “Employer Matching Account”
	  	 2

	 2.15.    “Enrollment Period”
	  	 2

	 2.16.    “MESIP”
	  	 2

	 2.17.    “MIP Award”
	  	 2

	 2.18.    “Participant”
	  	 2

	 2.19.    “Participating Company”
	  	 2

	 2.20.    “Plan”
	  	 2

	 2.21.    “Plan Year”
	  	 2

	 2.22.    “Related Company”
	  	 2

	 2.23.    “Surviving Spouse”
	  	 3

	
	 ARTICLE III PARTICIPATION AND DEFERRAL ELECTIONS
	  	 3

	
	 3.1.      Participation
	  	 3

	 3.2.      Deferral Election Rules
	  	 3

	 3.3.      Change in Deferral Election
	  	 4

	
	 ARTICLE IV ACCRUAL OF BENEFITS
	  	 4

	
	 4.1.      Participants’ Accounts
	  	 4

	 4.2.      Vesting
	  	 5

	
	 ARTICLE V DISTRIBUTIONS
	  	 6

	
	 5.1.      Time
	  	 6

	 5.2.      Manner
	  	 6

 

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	 5.3.      Form
	  	 7

	 5.4.      Distributions on Account of Death
	  	 7

	 5.5.      Acceleration of Distribution Due to Financial
Hardship
	  	 7

	 5.6.      Deemed Employment
	  	 7

	
	 ARTICLE VI ADMINISTRATION
	  	 7

	
	 6.1.      Plan Administration
	  	 7

	 6.2.      Administrative Committee Action
	  	 7

	 6.3.      Rights and Duties
	  	 7

	 6.4.      Compensation, Indemnity, and Liability
	  	 8

	 6.5.      Taxes
	  	 8

	
	 ARTICLE VII CLAIMS PROCEDURE
	  	 8

	
	 ARTICLE VIII AMENDMENT AND TERMINATION
	  	 8

	
	 8.1.      Amendment
	  	 8

	 8.2.      Termination of the Plan
	  	 8

	
	 ARTICLE IX MISCELLANEOUS
	  	 9

	
	 9.1.      Limitation on Participant’s Rights
	  	 9

	 9.2.      Benefits Unfunded
	  	 9

	 9.3.      Other Plans
	  	 9

	 9.4.      Governing Law
	  	 9

	 9.5.      Gender, Number, and Headings
	  	 9

	 9.6.      Successors and Assigns; Nonalienation of
Benefits
	  	 10

 

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ARTICLE I 
INTRODUCTION AND PURPOSE 
 
1.1.    Purpose.    The purpose of the Coca-Cola Enterprises Inc. Supplemental Matched Employee Savings and Investment Plan (the “Plan”) is to provide a select group of
management or highly compensated employees with the opportunity to enhance their retirement security by deferring a portion of their compensation under the Plan. 
 
1.2.    Amendment and Restatement.    Coca-Cola Enterprises Inc.
hereby amends and restates the Plan, effective January 1, 2002, except as otherwise provided. 
 
ARTICLE II 
DEFINITIONS 
 
2.1.    “Account” means the record maintained by the Administrative
Committee that represents each Participant’s interest under the Plan. Such interest may e reflected as a book reserve entry in the Company’s accounting records, or as a separate account under a trust, or as a combination of both methods.
Each Participant’s Account shall consist of at least two subaccounts: a Deferral Account and an Employer Matching Account. 
 
2.2.    “Administrative Committee” means the committee appointed pursuant to Article VI to administer
the Plan. 
 
2.3.    “Affiliate” shall have the same meaning as “Affiliate” under the MESIP. 
 
2.4.    “Beneficiary” shall have the same meaning as “Beneficiary” under the MESIP. If a
Participant has not at any time participated in the MESIP, the Participant may designate a Beneficiary under the Plan. If such Participant does not designate a Beneficiary, his Surviving Spouse shall be his Beneficiary, and if there is no Surviving
Spouse his estate shall be his Beneficiary. 
 
2.5.    “Code” means the Internal Revenue Code of 1986, as amended. 
 
2.6.    “Company” means Coca-Cola Enterprises Inc., a Delaware corporation, or its successor or
successors. 
 
2.7.    “Compensation” means those amounts included in the definition of “Compensation” under the MESIP, including amounts deferred under this Plan but excluding the amount of a
Participant’s MIP Award, whether or not deferred hereunder. For purposes of this Plan, “Compensation” shall be determined without regard to the limits of Code Section 401(a)(17). 
 
2.8.    “Deferral Account”
means that portion of each Participant’s Account that represents his interest in the Plan that is credited pursuant to Sections 4.1(a) and 4.1(c). 
 
 

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2.9.    “Deferral Election” means a Participant’s
election to defer a portion of his Compensation and/or his MIP Award, which election must be made in the manner required by the Administrative Committee. 
 
2.10.    “Disability” shall have the same meaning as “Disability” under the MESIP.

 
2.11.    “Employee” means any person who is an employee on the payroll of the mployer and shall exclude any person who is not on the payroll of the Employer, such as an independent
contractor or person paid by a temporary staffing or similar agency, even if a court or administrative agency determines at any time that such an individual is a common law employee of the Employer. 
 
2.12.    “Eligible Employee”
means any Employee who satisfies the criteria for participation in the Plan, as established by the Administrative Committee. 
 
2.13.    “Employer” means the Company or any Participating Company. 
 
2.14.    “Employer Matching
Account” means that portion of each Participant’s Account that represents his interest in the Plan that is credited pursuant to Sections 4.1(b) and 4.1(c). 
 
2.15.    “Enrollment Period” means any period designated by the
Administrative Committee for Plan enrollment. 
 
2.16.    “MESIP” means the Coca-Cola Enterprises Inc. Matched Employee Savings and Investment Plan. 
 
2.17.    “MIP Award” means the cash bonus payable under the Company’s Management Incentive Plan.

 
2.18.    “Participant” means an Eligible Employee who satisfies the requirements for participation in the Plan and makes a Deferral Election pursuant to Article III. Any current or former
Employee who has an interest under the Plan shall also be considered a Participant, even though such Employee is ineligible to make a Deferral Election. 
 
2.19.    “Participating Company” shall mean an Affiliate that has adopted the Plan with the consent of
the Company. 
 
2.20.    “Plan” means the Coca-Cola Enterprises Inc. Supplemental Matched Employee Savings and Investment Plan, as amended. 
 
2.21.    “Plan Year” means the 12-month period beginning each January 1st
and ending on the next December 31st. 
 
2.22.    “Related Company” shall have the same meaning as “Related Company” under the MESIP. 
 

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2.23.    “Surviving Spouse” shall have the same meaning
as “Surviving Spouse” under the MESIP. 
 
ARTICLE
III 
PARTICIPATION AND DEFERRAL ELECTIONS 
 
3.1.    Participation. 
 
(a)    Compensation Deferral Election.    An Eligible Employee
may make a Deferral Election with respect to Compensation to be effective as of the first payroll date of the first month after the later of (1) the month in which he becomes an Eligible Employee or (2) the month in which occurs the two-month
anniversary of his date of hire by the Employer or any Affiliate. An Eligible Employee who fails to make a Deferral Election with respect to Compensation to be effective as described in the foregoing sentence may not make a Deferral Election with
respect to Compensation until a subsequent Enrollment Period. 
 
(b)    MIP Deferral Election.    An Eligible Employee may make a Deferral Election with respect to his MIP Award during any Enrollment Period that coincides with or occurs after
the later of (1) the month in which he becomes an Eligible Employee or (2) the month in which occurs the two-month anniversary of his date of hire by the Employer or any Affiliate. 
 
(c)    Employer Matching Contributions.    A Participant with an
effective Deferral Election in place shall be eligible to receive Employer matching contributions under Section 4.1(b) as of the first payroll date of the first month following the later of (1) the month in which he first becomes an Eligible
Employee or (2) the month in which occurs the two-month anniversary (twelve-month anniversary before April 1, 2002) of his date of hire by the Employer or any Affiliate. 
 
(d)    Related Company Service.    Service with a Related Company
in the five-year period before becoming employed by the Employer or an Affiliate will be taken into account for purposes of the service requirements of this Article III. 
 
3.2.    Deferral Election Rules. 
 
(a)    General.    Each Participant shall make separate Deferral Elections with respect to his Compensation and his MIP Award, and all such elections will remain in effect until
changed or revoked pursuant to Section 3.3. All Deferral Elections shall be void as of the date the Participant ceases to be an Eligible Employee or at such other time as determined by the Administrative Committee in its sole discretion.

 
(b)    Limitation on Amount of
Deferral Election. In addition to the Deferral Elections described in Section 3.1, a Participant may make a Deferral Election during any subsequent Enrollment Period during which he is an Eligible Employee. A Participant may elect to defer
any whole percentage of his Compensation and/or MIP Award subject to any maximum established by the Administrative Committee. Until changed by the Administrative Committee, the total amount deferred by a Participant shall not exceed 70% of his
Compensation (80% 
 

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between January 1, 1994 and December 31, 2001) for any payroll period and/or 70% of any MIP Award (80% between
January 1, 1994 and December 31, 2001). 
 
3.3.    Change in Deferral Election.    A Participant may increase or decrease the percentage of an existing Deferral Election during any Enrollment Period during which he is an
Eligible Employee. A Participant may revoke completely his Deferral Election with respect to Compensation by providing notice to the Administrative Committee before the commencement of the next payroll period, without regard to whether such change
is made during an Enrollment Period and may again make a Deferral Election with respect to Compensation during any subsequent Enrollment Period. 
 
ARTICLE IV 
ACCRUAL OF
BENEFITS 
 
4.1.    Participants’ Accounts. 
 
(a)    Deferral Account.    Each Participant’s Deferral Account shall be credited with an amount equal to the portion of the Compensation or MIP Award
deferred by the Participant as soon as practicable after such amount would otherwise be payable to the Participant. 
 
(b)    Employer Matching Account. 
 

	 	      (1)	 	Basic Matching Contribution.    The Employer Matching Account of each Participant shall be credited, as soon as practicable after each
payroll period, with an amount equal to the amount described in paragraph (A) less the amount described in paragraph (B): 

 

	 	        (A)	 	The amount the Employer would have contributed to such Participant’s matching contribution account under the MESIP for the payroll period if the amount of his
Compensation and MIP Award deferred under the Plan was instead deferred under the MESIP in addition to any amounts contributed by the Participant to the MESIP during such payroll period. 

 

	 	        (B)	 	The amount actually contributed by the Employer to the Participant’s matching contribution account under the MESIP for the payroll period. 

 

	 	      (2)	 	Lookback Matching Contribution.    The Employer Matching Contribution Account of each Participant who is an Eligible Employee on the last day
of the Plan Year shall be credited, as soon as practicable after the end of the Plan Year, with an additional amount, if any, equal to the amount described in paragraph (A) less the amount described in paragraph (B): 

 

	 	        (A)	 	The amount the Employer would have contributed to such Participant’s matching contribution account under Article 

 

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IV.b.2.b.(ii) of the MESIP (or any successor provision) for the Plan Year if the amount of his
Compensation and MIP Award deferred under the Plan was instead deferred under the MESIP in addition to any amounts contributed by the Participant to the MESIP during such Plan Year. 
 

	 	        (B)	 	The amount actually contributed by the Employer to the Participant’s matching contribution account under Article IV.b.2.b.(ii) of the MESIP (or any successor provision)
for the Plan Year. 

 
(c)    Gains and Losses.    The Deferral and Employer Matching Accounts of each Participant shall be adjusted for gains and losses as if such Accounts were invested, in accordance
with the elections of the Participant, in the benchmark investment funds established by the Administrative Committee for this purpose. In accordance with Section 9.2, any such benchmark election or deemed investment shall be solely for purposes of
crediting gains or debiting losses to the Participant’s Account. Such elections shall be made in accordance with the rules established for this purpose by the Administrative Committee, including rules with respect to making changes in benchmark
elections, maximum benchmark elections in any single benchmark fund and default elections if a Participant fails to make an effective election. If a Participant makes an election to use the Company stock fund as a benchmark investment, the amounts
deemed invested in such benchmark fund, including any dividend credits, may not later be redirected to another benchmark fund. 
 
(d)    Rule 16-b Limitations.    Notwithstanding any provision of this Article IV to the
contrary, the following transactions by or on behalf of any “officer” of the Company, as such term is defined in Rule 16a-1(f) under the Securities Exchange Act of 1934, as amended, shall be prohibited, and void if inadvertently effected:
a self-directed investment election that would result in an intraplan transfer involving any fund containing equity securities of the Company that is made six months or less following the date of the most recent such election under this Plan or the
MESIP that was 
 

	 	      (1)	 	a transfer into such a fund if the current election involves a transfer out of such a fund, or 

 

	 	      (2)	 	a transfer out of such a fund if the current election involves a transfer into such a fund. 

 
4.2.    Vesting.    A Participant’s interest in the value of
his Deferral Account shall be at all times 100% nonforfeitable. 
 
A Participant’s interest in the value of his Employer Matching Account as of March 31, 2002 shall be at all times 100% nonforfeitable. A Participant’s interest in his Employer Matching Account with respect to contributions
made on and after April 1, 2002 (and earnings thereon) shall be 100% nonforfeitable only upon the earliest to occur of: 
 

	 	      (1)	 	the attainment of age 65, 

 

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	 	      (2)	 	death, 

 

	 	      (3)	 	Disability, 

 

	 	      (4)	 	the 12-month anniversary of the Participant’s date of hire by the Employer or any Affiliate if he is employed by or classified as an “employee” on the payroll
system of the Employer or an Affiliate on that date, or 

 

	 	      (5)	 	the first day following the 12-month anniversary of the Participant’s date of hire by the Employer or any Affiliate that he is employed by or classified as an
“employee” on the payroll system of the Employer or an Affiliate.  

 
Whether a Participant is employed by the Employer or an Affiliate for this purpose will be determined pursuant to the rules set forth in Article VI.A.1.b. of the MESIP, or any successor provision. 
 
ARTICLE V 
DISTRIBUTIONS 
 
5.1.    Time.    Distribution of the nonforfeitable portion of the Participant’s Account will be made or begin as soon as administratively practicable following the
earliest to occur of termination of employment with the Employer and all Affiliates (including by reason of Disability) or death, or if later, as of an age specified by the Participant before commencing participation in the Plan. Separate elections
regarding the timing of distributions may be made with respect to amounts deemed invested in the Company stock fund and the remainder of the Participant’s Account. A Participant may change his election regarding the commencement of the
distribution of the nonforfeitable portion of his Account, provided, however, that any new election will be effective only if the Participant terminates employment with the Employer and all Affiliates one year or more after the date the Participant
makes such change, which is determined based on the date the required election form is received by the Administrative Committee or its designee for this purpose. Notwithstanding the foregoing, if the nonforfeitable portion of the Participant’s
Account is $10,000 or less, such nonforfeitable portion of the Account shall be distributed as soon as administratively practicable following his termination of employment with the Employer and all Affiliates (including by reason of Disability) or
death. 
 
Distribution of the Participant’s Account will
be made or begin in a year other than the year in which he becomes entitled to such payment only if it is not administratively possible for the Employer to make such payment in the same year. 
 
5.2.    Manner.    Before commencement of participation in the Plan, a Participant shall elect to have the nonforfeitable portion of his Account distributed (1) as a single-sum
payment or (2) in a series of substantially equal annual installments over (A) a stated period of time, without life contingency, that does not exceed the periods set forth in paragraphs (B) and (C) below, (B) the period equal to the
Participant’s life expectancy, or (C) the period equal to the joint and last survivor expectancy of the Participant and his Beneficiary. Notwithstanding any election to the contrary, if the total nonforfeitable portion of the Participant’s
Account is $10,000 or less at the time he terminates employment with the Employer and all Affiliates or if the annual installment 
 

6 

payment amount is less than $6,000 at the time distributions are to commence, the total nonforfeitable portion of
such Account will be distributed in a single-sum payment. 
 
5.3.    Form.    Distributions of amounts deemed invested in the Company stock fund will be paid in shares of Company stock, except that fractional shares will be paid in cash.
All other distributions will be made in cash. 
 
5.4.    Distributions on Account of Death.    Notwithstanding any other provision of the Plan or any election made by a Participant with respect to distribution of his Account,
upon the death of a Participant, distribution of the balance of his Account shall be made to his Beneficiary in a lump-sum payment as soon as administratively practicable following the Participant’s death. 
 
5.5.    Acceleration of Distribution Due to
Financial Hardship.    If a Participant experiences a severe financial hardship (as determined by the Administrative Committee) at or after the time the Participant becomes entitled to a distribution of his Account,
including while receiving installment payments, the Administrative Committee, in its sole discretion, may accelerate payment of some or all of the Participant’s Account. 
 
5.6.    Deemed Employment.    For purposes of this Article V
only, a Participant’s employment with the Employer and all Affiliates shall not be considered to have terminated if the Participant is immediately thereafter employed by a Related Company. Termination from such subsequent employment shall be
considered a termination from the Employer and Affiliates, unless the Participant obtains immediate reemployment by the Employer or an Affiliate. 
 
ARTICLE VI 
ADMINISTRATION

 
6.1.    Plan
Administration.    The Plan shall be administered by an Administrative Committee that shall consist of at least three members appointed by the Company. All elections, designations and notices under the Plan shall be made
in writing and at such times and in such manner as determined by the Administrative Committee. 
 
6.2.    Administrative Committee Action.    Action of the Administrative Committee may be taken with or without a meeting of its members, provided, however,
that any action shall be taken only upon the vote or other affirmative expression of a majority of committee members qualified to vote with respect to such action. If a member of the Administrative Committee is a Participant, he shall not
participate in any decision that solely affects his own Account or rights under the Plan. 
 
6.3.    Rights and Duties.    The Administrative Committee shall administer the Plan and shall have all powers and discretion necessary to accomplish that
purpose, including, but not limited to, the following: 
 
(a)    to construe, interpret, and administer the terms and intent of the Plan with its decisions to be final and binding on all parties; 
 

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(b)    to make allocations and determinations required by the Plan, and to
maintain all necessary records of the Plan, including Participants’ Accounts; 
 
(c)    to compute and certify to the Company the amount of benefits payable to Participants or Beneficiaries, and to determine the time and manner in which such benefits are to be paid. 
 
6.4.    Compensation, Indemnity, and
Liability.    The Administrative Committee shall serve as such without bond and without compensation for services hereunder. All expenses of the Plan and the Administrative Committee shall be paid by the Employer. No
member of the Administrative Committee shall be liable for any act or omission of neither any other member, nor any act or omission on his own part, except his own willful misconduct. The Employer shall indemnify and hold harmless each member of the
Administrative Committee against any and all expenses and liabilities, including reasonable legal fees and expenses arising out of his membership on the Administrative Committee, except for expenses or liabilities arising out of his own willful
misconduct. 
 
6.5.    Taxes.    If all or any portion of a Participant’s Account shall become liable for the payment of any income, employment, estate, inheritance, or other tax that the
Employer shall be required to pay or withhold, the Employer shall have the full power and authority to withhold and pay such tax out of any monies or other property credited to the Account of such Participant or Beneficiary at the time the Account
is distributable to the Participant under the terms of the Plan. Moreover, to the extent not prohibited by Rule 16-b of the Securities Exchange Commission, the Employer will have the right to withhold from any distribution the number of shares of
Company stock required to satisfy the tax liabilities with respect to amounts that would otherwise have been distributed in Company stock. 
 
ARTICLE VII 
CLAIMS
PROCEDURE 
 
Claims for benefits and appeals of claim
determinations under the Plan shall be processed in the manner set forth under the claims and appeals procedures set forth in the MESIP, provided that for this purpose all references to the “Administrative Committee” in the MESIP shall be
read as references to the Administrative Committee under the Plan. 
 
ARTICLE VIII 
AMENDMENT AND TERMINATION 
 
8.1.    Amendment.    The Company or Administrative Committee
shall have the right to amend the Plan in whole or in part at any time, provided, however, that no amendment shall reduce the amounts credited to any Participant’s Account as of the effective date of such amendment. Any amendment shall be in
writing and executed by a duly authorized officer of the Company or a majority of members of the Administrative Committee. 
 
8.2.    Termination of the Plan.    The Company reserves the right to discontinue and
terminate the Plan at any time, in whole or in part, for any reason. In the event of termination of 
 

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the Plan, the amounts credited to any Participant’s Account, as of the effective date of such termination,
shall not be reduced and shall be distributed at a time and in the manner determined by the Administrative Committee. 
 
ARTICLE IX 
MISCELLANEOUS 
 
9.1.    Limitation on Participant’s
Rights.    Participation in this Plan shall not give any Participant the right to be retained in the Employer’s employ or any rights or interest in this Plan or any assets of the Employer other than as herein
provided. The Employer reserves the right to terminate the employment of any Participant without any liability for any claim against the Employer under this Plan, except to the extent provided herein. 
 
9.2.    Benefits
Unfunded.    The benefits provided by this Plan shall be unfunded. All amounts payable under the Plan to Participants or Beneficiaries shall be paid from the general assets of the Employer, and nothing contained herein
shall require the Employer to set aside or hold in trust any amounts or assets for the purpose of paying benefits. Participants and Beneficiaries shall have the status of general unsecured creditors of the Employer with respect to amounts of
Compensation they defer under the Plan or any other obligation of the Employer to pay benefits pursuant hereto. Any funds of the Employer available to pay benefits under the Plan shall be subject to the claims of general creditors of the Employer
and may be used for any purpose by the Employer. 
 
Notwithstanding the preceding paragraph, the Employer may at any time transfer assets to a trust for purposes of paying all or any part of its obligations under this Plan. To the extent that assets are held in a trust when a benefit
under the Plan becomes payable, the Administrative Committee shall direct the trustee to pay such benefits from the assets of the trust. 
 
9.3.    Other Plans.    This Plan shall not affect the right of any Eligible Employee or
Participant to participate in and receive benefits under any employee benefit plans that are maintained by the Employer, unless the terms of such other employee benefit plan or plans specifically provide otherwise. 
 
9.4.    Governing
Law.    This Plan shall be construed, administered, and governed in all respects in accordance with applicable federal law and, to the extent not preempted by federal law, in accordance with the laws of the State of
Georgia without regard to conflict of laws principles thereunder. If any provisions of this instrument shall be held by a court of competent jurisdiction to be invalid or unenforceable, the remaining provisions shall continue to be fully effective.

 
9.5.    Gender, Number, and
Headings.    In this Plan, whenever the context so indicates, the singular or plural number and the masculine, feminine, or neuter gender shall be deemed to include the other. Headings and subheadings in this Plan are
inserted for convenience of reference only and are not considered in the construction of the provisions hereof. 
 

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9.6.    Successors and Assigns; Nonalienation of
Benefits.    This Plan shall inure to the benefit of and be binding upon the parties hereto and their successors and assigns, provided, however, that the amounts credited to the Account of a Participant shall not be
subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, charge, garnishment, execution or levy of any kind, either voluntary or involuntary, and any attempt to anticipate, alienate, sell, transfer, assign,
pledge, encumber, charge or otherwise dispose of any right to any benefits payable hereunder shall be void, including, without limitation, any assignment or alienation in connection with a separation, divorce, child support or similar arrangement.

 

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