Document:

EX-10.1

 Exhibit 10.1 

Agreement between 
 The
Coca-Cola Company, 
 Coca-Cola Refreshments USA, Inc. 

and 
 Coca-Cola Bottling
Co. Consolidated 
  

	1.	Background 

 Energy Brands, Inc., (“EBI”) a wholly-owned subsidiary of The Coca-Cola
Company (“Company”), intends to terminate the Distribution Agreements by and between EBI and current distributor of Product in the Territory (collectively, the “Distribution Agreement”). 

Coca-Cola Bottling Co. Consolidated (“Bottler”) is a party to Comprehensive Beverage Agreements (collectively, the “Comprehensive Beverage
Agreements”) with Company and Coca-Cola Refreshments USA, Inc., a wholly-owned subsidiary of Company (“CCR”), including without limitation agreements dated October 30, 2015, January 29, 2016, April 1, 2016 and
April 29, 2016, that authorize Bottler to market, promote, distribute and sell glaceau vitaminwater (including without limitation glaceau vitaminwater energy and glaceau vitaminwater zero), glaceau Smartwater and glaceau vitaminwater zero drops
in certain geographic territories (the “Bottler’s CBA Territory”) that include the Territory (as defined below), on an exclusive basis subject to certain exceptions that include any contractual commitments with customers or
distributors that Company was a party to at the time the parties executed the applicable Comprehensive Beverage Agreement. 
 Certain portions of the
Territory are not located within Bottler’s CBA Territory but are located within territory (“Bottler’s Legacy Territory” and together with Bottler’s CBA Territory, “Bottler’s Territory”) where Bottler is
authorized by Company to distribute Coca-ColaTM beverages under other bottling agreements. 
 Upon termination of the Distribution Agreement, Bottler
will begin to market, promote, distribute and sell Products in the Territory. For purposes of this Agreement the following terms will have the respective meanings set forth below: 

Product(s): (a) glaceau vitaminwater brand nutrient-enhanced beverages including without limitation glaceau vitaminwater energy and glaceau vitaminwater
zero (“vitaminwater”); and (b) glaceau Smartwater brand electrolyte enhanced water (“smartwater”); each as set forth in Exhibit A attached hereto. 

Territory: as set forth in Exhibit B attached hereto. 
  

	2.	Agreement Coverage 

 This agreement (this “Agreement”) is entered into this 29th day of June, 2016, by Company, CCR and Bottler. 

  
 1 

 In consideration for the opportunity for Bottler to commence the marketing, promotion, distribution and sale of
Products in the Territory as of January 1, 2017, Bottler has agreed to make a payment to Company (the “Termination Payment”) equal to a portion of the termination payment made by Company to current distributor under the Distribution
Agreement applicable to the Territory as determined in accordance with Exhibit C attached hereto. 
  

	3.	Effective Date of Distribution of Product in the Territory 

 a. Company authorizes
Bottler to market, promote, distribute and sell Products in the portions of the Territory located within Bottler’s Legacy Territory commencing on January 1, 2017 (assuming the prior termination of the Distribution Agreement). 

b. Company and CCR acknowledge that effective January 1, 2017 (assuming the prior termination of the Distribution Agreement), the current
distributor of Products will no longer be authorized to distribute Products in the portions of the Territory located within Bottler’s CBA Territory and that Bottler may commence the marketing, promotion, distribution and sale of Products (and
any other glaceau beverage products authorized under the applicable Comprehensive Beverage Agreement) within such portion of Bottler’s CBA Territory on January 1, 2017 pursuant to the terms and conditions set forth in the applicable
Comprehensive Beverage Agreement. 
  

	4.	Payment Dates 

 Bottler shall make payment of the Termination Payment to Company as set forth in
Exhibit C attached hereto. 
  

	5.	Term 

 The Company authorization set forth in Section 3(a) of this Agreement shall be valid
and effective as long as Bottler’s authorization to distribute Products in any other part of Bottler’s Legacy Territory remains in full force and effect. 
  

	6.	Representations and Warranties. 

 Company and CCR represent and warrant to Bottler that:
(i) upon the termination of the Distribution Agreement, neither Company nor any of its affiliates will be a party to any agreements or commitments (written or oral) that authorize a party (other than Bottler or its affiliates) to market,
promote, distribute or sell any glaceau beverage products to customers or distributors in any portion of Bottler’s Territory and (ii) the Final Termination Payment (as defined on Exhibit C) amount has been determined in accordance with the
terms of the Distribution Agreement. 

  
 2 

	7.	Confidentiality 

 The terms and conditions of this Agreement are acknowledged by the parties to be
strictly confidential, and the parties agree not to share the contents hereof with any party without the express written consent of the other party; provided, however, such terms and conditions may be disclosed as required by applicable law or an
order by a governmental authority or any requirements of a stock market or exchange or other regulatory body having competent jurisdiction. 
  

	8.	Reservation of Rights and Waiver 

 Company and Bottler expressly reserve, and neither this
Agreement nor the parties’ performance hereunder will waive or modify, any rights under applicable bottling or distribution agreements or any other agreement, including, without limitation, the Comprehensive Beverage Agreement or Energy Brands,
Inc. Distribution Agreement, as amended (if applicable), except that Bottler specifically waives any provisions of any agreements between Company and/or Coca-Cola Refreshments USA, Inc. and Bottler, including, but not limited to, the
Comprehensive Beverage Agreement and Energy Brands, Inc. Distribution Agreement that provide for favorable treatment (i.e. Most Favored Nations treatment) of Bottler as such provision may apply to this Agreement. 

[Signature Page(s) to Follow.] 

  
 3 

			
	ACCEPTED AND AGREED TO:
	
	Coca-Cola Bottling Co. Consolidated:
		
	By:	 	 /s/ James E. Harris

		 	Authorized Representative
		
	Date:	 	June 29, 2016
	
	The Coca-Cola Company:
		
	By:	 	 /s/ Marie Quintero-Johnson

		 	Authorized Representative
		
	Date:	 	June 29, 2016
	
	Coca-Cola Refreshments USA, Inc.:
		
	By:	 	 /s/ Marie Quintero-Johnson

		 	Authorized Representative
		
	Date:	 	June 29, 2016

  
 4 

 Exhibit A 

Products 
 glaceau vitaminwater, 20 oz PET, all
flavors 
 glaceau vitaminwater, 32 oz PET, all flavors 

glaceau vitaminwater, 12 oz PET, all flavors 
 glaceau
vitaminwater, 20 oz variety pack 
 glaceau Smartwater, brand electrolyte enhanced water, PET, all sizes 

  
 5 

 Exhibit B 

Territory 
 The “Territory” means any
geographic territory where EBI, Company or any affiliate of Company has authorized the current distributor of Products to distribute any glaceau beverage products (including without limitation the Products) within Bottler’s Territory, including
without limitation the portions of the following territories within Bottler’s Territory: 
  

	 	a)	The District of Columbia 

  

	 	b)	State of Delaware – the counties of: Sussex, Kent, and New Castle 

  

	 	c)	State of Maryland – the counties of: Cecil, Kent, Dorchester, Wicomico, Somerset, Worcester, Caroline, Queen Anne, Talbot, Anne Arundel, Howard, Prince Georges, Charles, Baltimore, Carroll, Montgomery, St.
Mary’s, Harford, Calvert, Frederick and Cambridge; and Baltimore City 

  

	 	d)	State of Virginia – the counties of: Accomack, Northampton, Fairfax, Goochland, Hanover, Sussex, Brunswick, Amelia, Chesterfield, Powhatan, Southampton, Dinwiddie, London, Henrico, Prince George, Greensville and
Nottaway; and Arlington City, Alexandria City, and Richmond City 

  
 6 

 Exhibit C 

Termination Payment 
 Termination Payment shall
be paid in full by the later of (i) January 31, 2017 and (ii) ten business days following receipt by Bottler of a document, certified by a senior officer of Company, as to the following: (A) the amount of the Final Termination
Payment (as defined below), (B) the 24 Month Territory Product Volume (as defined below) and (C) the 24 Month Total Product Volume (as defined below), together with sales reports provided by the current distributor related thereto. 

Termination Payment will be a volumetric allocation of Company’s final payment due to current distributor in the Territory (“Final Termination
Payment”) based on a formulaic calculation for the 24 months immediately preceding commencement of Bottler’s distribution of Product in the Territory as follows: 
  

	 	•	 	Bottler’s Termination Payment is that percentage of the Final Termination Payment calculated based upon the 24 month physical case volume of current distributor’s sales report for sales of Product in the
“Richmond”, “Springfield”, “Baltimore”, “Landover”, “Salisbury,” portions of the Territory plus 10% of “New Castle” portion of the Territory (collectively, “24 Month Territory Product
Volume”) divided by the total 24 month physical case volume of current distributor’s sales report for sales of Product in all geographic territories (collectively, “24 Month Total Product Volume”). 

  
 7EX-10.1

 Exhibit 10.1 
  

			
	Name:	 	 
	Target Number of Performance Stock Units:	 	 
	Date of Grant:	 	 
	Performance Period End Date:	 	 

 SURGERY PARTNERS, INC. 

2015 OMNIBUS INCENTIVE PLAN 

PERFORMANCE STOCK UNIT AWARD AGREEMENT 

This agreement (the “Agreement”) evidences a grant of Performance Stock Units (“PSUs”) by Surgery Partners,
Inc. (the “Company”) to the undersigned (the “Grantee”) pursuant to and subject to the terms of the Surgery Partners, Inc. 2015 Omnibus Incentive Plan (as amended from time to time, the “Plan”).

 1.      Grant of Performance Stock Units. The Company grants to the Grantee on the date set forth above (the
“Date of Grant”) a performance award (the “Award”) consisting of the target number of PSUs set forth above (the “Target Award”). Each PSU represents the conditional right to receive, without payment
but subject to the conditions and limitations set forth in this Agreement and in the Plan, one Share, subject to adjustment pursuant to Section 7 of the Plan in respect of transactions occurring after the date hereof; provided, however, that
the number of PSUs subject to the Award (and the corresponding Shares) shall be subject to increase or decrease depending upon achievement of the performance objectives set forth in Exhibit A. Such Award shall be a Performance Award as
described in the Plan. 
 2.      Meaning of Certain Terms. Except as otherwise defined herein, all capitalized terms
used herein have the same meaning as in the Plan. 
  

	3.	Earned Shares. 

 (a)      Except as otherwise provided in
Section 3(b), and subject to Section 3(c), the percentage of the Target Award that may be earned by the Grantee will be determined as of the Performance Period End Date to the extent earned in accordance with the performance objectives set
forth on Exhibit A (the “Performance Objectives”), subject to the Administrator certifying, in its sole discretion, the achievement of the applicable performance goals. The Shares that become earned in accordance with this
Section 3 are known as “Earned Shares.” Earned Shares shall be subject to the vesting and forfeiture provisions set forth in this Agreement. 

(b)      If, prior to the Performance Period End Date, a Change in Control occurs, then, as of the date of such
Change in Control, the Earned Shares shall be determined in accordance with the Performance Objectives set forth on Exhibit A, which shall be reduced by multiplying (i) the Performance Objectives by (ii) a quotient, the numerator of
which is the number of days elapsed between the Date of Grant and the date of such Change in Control and the denominator of which is the number of days in the Performance Period (the “Adjusted Performance Objectives”), subject to
the Administrator certifying, in its sole discretion, the achievement of the applicable performance goals. 

 (c)      For the avoidance of doubt, upon termination of the
Grantee’s Employment for any reason, any PSUs that are then outstanding and not yet earned in accordance with the provisions of Exhibit A will immediately and automatically terminate and be forfeited upon such termination of Employment
with no consideration due the Grantee. 
 4.      Delivery of Earned Shares. The Company shall, within [fifteen
(15) days] following the date on which a determination by the Administrator as to the number of PSUs that have become Earned Shares, effect delivery of such Earned Shares to the Grantee (or, in the event of the Grantee’s death, to the
Beneficiary). No Shares will be issued pursuant to this Agreement unless and until all legal requirements applicable to the issuance or transfer of such Shares have been complied with to the satisfaction of the Administrator. 

5.      Vesting of Earned Shares. Unless earlier terminated, expired or forfeited, and subject to the Grantee remaining
in continuous Employment through the applicable vesting dates set forth below, the Earned Shares shall vest as follows: 
 [Vesting
Provisions To Be Inserted] 
 6.      Effects of Certain Terminations of Employment on Earned Shares. Subject to
Section 5 above, and except as otherwise provided herein, upon termination of the Grantee’s Employment for any reason, any Earned Shares that are then outstanding and not yet vested will immediately be forfeited. Notwithstanding anything
contained herein to the contrary: 
 (a)      Upon termination of the Grantee’s Employment (1) by
reason of [his/her] death or Disability, or (2) by the Company without Cause, or by the Grantee for Good Reason, in either case within ninety (90) days prior to or eighteen (18) months following a Change in Control, any Earned Shares
that are then outstanding and not yet vested will automatically, and without any action on the part of the Grantee, become vested. 

(b)      If, in connection with a Change in Control, all or a portion of the Earned Shares are not exchanged for
restricted interests in an acquiror or survivor (or, in either case, an affiliate thereof), any Shares subject to the Award that are then outstanding, not yet vested, and not otherwise exchanged for restricted interests in an acquirer or survivor,
will automatically, and without any action on the part of the Grantee, become vested. 
  

	7.	Dividends; Other Rights. 

 (a)      The Award shall not be
interpreted to bestow upon the Grantee any equity interest or ownership in the Company or any Affiliate prior to the date on which the Company delivers Shares to the Grantee (such date, the “Delivery Date”). The Grantee is not
entitled to vote any Shares by reason of the granting of the Award or to receive or be credited with any dividends declared and payable on any Share prior to the Delivery 

 
Date. The Grantee shall have the rights of a shareholder only as to those Shares, if any, that are actually delivered under this Award. The delivery of Shares subject to the Award that have been
earned based on achievement of Performance Objectives is described in Exhibit A. 
 (b)      The
Grantee shall be entitled to receive any and all dividends or other distributions paid with respect to those Shares of which the Grantee is the record owner on the record date for such dividend or other distribution; provided, however, that any
property or cash (including, without limitation, any regular cash dividends) distributed with respect to a Share (the “associated share”) acquired hereunder, including without limitation a distribution of Stock by reason of a stock
dividend, stock split or otherwise, or a distribution of other securities with respect to an associated share, shall be subject to the restrictions of this Agreement in the same manner and for so long as the associated share remains subject to such
restrictions, and shall be promptly forfeited if and when the associated share is so forfeited; and further provided, that the Administrator may require that any cash distribution with respect to the Shares be placed in escrow or otherwise made
subject to such restrictions as the Administrator deems appropriate to carry out the intent of the Plan. Any cash amounts that would otherwise have been paid with respect to an associated share shall be accumulated and paid to the Grantee, without
interest, only upon, or within thirty (30) days following, the date on which such associated share vests hereunder (the “Vesting Date”) and any other property distributable with respect to such associated share shall also vest
on the Vesting Date. References in this Agreement to the Shares shall refer, mutatis mutandis, to any such restricted rights to cash or restricted property described in this Section 7. 

 

	8.	Recovery of Compensation. 

 (a)      The Administrator may
cancel, rescind, withhold or otherwise limit or restrict the Award at any time if the Grantee is not in compliance with all applicable provisions of this Agreement and the Plan. 

(b)      This Award is subject to Section 6(a)(5) of the Plan. By accepting the Award, the Grantee
expressly acknowledges and agrees that in addition to the vesting and forfeiture provisions set forth in Exhibit A hereto, the Award (whether or not vested) is subject to forfeiture, and the Grantee and any permitted transferee will be obligated to
return to the Company the value received with respect to the Award (including any gain realized on a subsequent sale or disposition of Shares) (i) upon or in connection with a breach by the Grantee of a non-competition, non-solicitation,
confidentiality or similar covenant or agreement with the Company or its subsidiaries, (ii) in accordance with any clawback or similar policy maintained by the Company, as such policy may be amended and in effect from time to time, or
(iii) as otherwise required by law or applicable stock exchange listing standards, including, without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act. 

(c)      The Grantee hereby (i) appoints the Company as the attorney-in-fact of the undersigned to take
such actions as may be necessary or appropriate to effectuate a transfer of the record ownership of any Shares that are unvested and forfeited hereunder, 

 
(ii) agrees to deliver to the Company, as a precondition to the issuance of any certificate or certificates with respect to unvested Shares hereunder, one or more stock powers, endorsed in blank,
with respect to such Shares, and (iii) agrees to sign such other powers and take such other actions as the Company may reasonably request to accomplish the transfer or forfeiture of any unvested Shares that are forfeited hereunder. 

 

	9.	Certain Tax Matters. 

 (a)      The Grantee expressly
acknowledges that, prior the Delivery Date, it is not possible to make a so-called “83(b) election” with respect to the Award because, prior to such time, the Award consists solely of an unfunded and unsecured promise by the Company to
deliver Shares in the future, subject to the terms hereof. 
 (b)      The Grantee has been advised to confer
promptly with a professional tax advisor to consider whether the Grantee should make a so-called “83(b) election” with respect to the Earned Shares following the Delivery Date. Any such election, to be effective, must be made in accordance
with applicable regulations and within thirty (30) days following the Delivery Date and the Grantee must provide the Company with a copy of the 83(b) election prior to filing. The Company has made no recommendation to the Grantee with respect
to the advisability of making such an election. 
 (c)      By accepting this Award, the Grantee expressly
acknowledges and agrees that the Grantee’s rights hereunder, including the right to be issued Shares upon the vesting or settlement of the Award (or any portion thereof), are subject to the Grantee’s promptly paying, or in respect of any
later requirement of withholding being liable promptly to pay at such time as such withholding is due, to the Company in cash (or by such other means as may be acceptable to the Administrator in its discretion (including through the Company’s
withholding of Shares, but not in excess of the minimum withholding required by law or such higher amount as determined by the Administrator to be consistent with treating the Award as an equity award for accounting purposes)), all amounts required
to be withheld with respect to U.S. federal, state, local and non-U.S. taxes. No Shares will be required to be transferred pursuant to the vesting and settlement of the Award (or any portion thereof) unless and until the Grantee or the person then
holding the Award has remitted to the Company an amount in cash sufficient to satisfy any U.S. federal, state, local and non-U.S. requirements with respect to tax withholdings then due and has committed (and by holding this Award the Grantee shall
be deemed to have committed) to pay in cash all tax withholdings required at any later time in respect of the transfer of such Shares, or has made other arrangements satisfactory to the Administrator with respect to such taxes. The Grantee also
authorizes the Company and its subsidiaries to withhold such amounts from any amounts otherwise owed to the Grantee, but nothing in this sentence shall be construed as relieving the Grantee of any liability for satisfying his or her obligations
under the preceding provisions of this Section 9(c). 
 11.    Section 409A. The Award shall be construed and
administered, such that the Award either (i) qualifies for an exemption from the requirements of Section 409A or (ii) satisfies such requirements. 

 12.    [Section 162(m). The Award is intended to qualify as exempt performance-based
compensation under Section 162(m).] 
 13.    Nontransferability. The Award may not be transferred except as expressly
permitted under Section 6(a)(3) of the Plan. 
 14.    Effect on Employment or Service Rights. Neither the grant of the
Award, nor the delivery of Shares under the Award in accordance with the terms of the Agreement, shall give any right to be retained as an employee of, or other service provider to, the Company or any of its Affiliates, affect the right of the
Company or any of its Affiliates to discharge or discipline the Grantee at any time, or affect any right of the Grantee to terminate his or her Employment at any time. 
  

	15.    Amendments.	No amendment of any provision of this Agreement shall be valid unless the same shall be in writing. 

16.    Governing Law. This Agreement and all claims or disputes arising out of or based upon this Agreement or relating to the
subject matter hereof will be governed by and construed in accordance with the domestic substantive laws of the State of Tennessee without giving effect to any choice or conflict of laws provision or rule that would cause the application of the
domestic substantive laws of any other jurisdiction. 
 17.    Provisions of the Plan. This Agreement is subject in its entirety
to the provisions of the Plan, which are incorporated herein by reference. A copy of the Plan as in effect on the Date of Grant has been furnished or made available to the Grantee. By accepting this Agreement, the Grantee agrees to be bound by the
terms of the Plan and this Agreement. In the event of any conflict between the terms of this Agreement and the Plan, the terms of the Plan shall control. 

18.    Definitions. Initially capitalized terms not otherwise defined herein shall have the meanings provided in the Plan, and, as
used herein, the following terms shall have the meanings set forth below: 
 “Beneficiary”: In the event of the
Grantee’s death, the beneficiary named in the written designation (in form acceptable to the Administrator) most recently filed with the Administrator by the Grantee prior to the Grantee’s death and not subsequently revoked, or, if there
is no such designated beneficiary, the executor or administrator of the Grantee’s estate. An effective beneficiary designation will be treated as having been revoked only upon receipt by the Administrator, prior to the Grantee’s death, of
an instrument of revocation in form acceptable to the Administrator. 
 “Change in Control”: The consummation, following
the date of this Agreement, of (i) a sale or transfer (other than by way of merger or consolidation), of all or substantially all of the Company’s assets to any Person, (ii) any merger, consolidation or other business combination
transaction of the Company with or into another corporation, entity or Person, other than a transaction in which the holders of at least a majority of the shares of voting capital stock of the Company outstanding immediately prior to such

 
transaction continue to hold (either by such shares remaining outstanding or by their being converted into shares of voting capital stock of the surviving entity) a majority of the total voting
power represented by the shares of voting capital stock of the Company (or the surviving entity) outstanding immediately after such transaction, or (iii) the direct or indirect acquisition (including by way of a tender or exchange offer) by any
Person, or Persons acting as a group, of beneficial ownership or a right to acquire beneficial ownership of shares representing more than 50% of the total voting power of the then-outstanding shares of capital stock of the Company. 

“Good Reason”: If the Grantee is party to an employment or similar agreement that contains a definition of “Good
Reason,” the definition set forth in such agreement will apply with respect to such Grantee hereunder. If the Grantee is not party to such an agreement, “Good Reason” will mean (i) a requirement that the Grantee relocate to a
location more than fifty (50) miles from the location where the Grantee is then providing services, (ii) a material reduction in Grantee’s base salary, unless a similar reduction is made across the board to similarly situated
employees; or (iii) a material breach of any written agreement between the Company and the Grantee; provided, in each case, that the Grantee shall have given notice of such event or condition within a period not to exceed thirty (30) days
of the initial existence of such event or condition and the Company shall not have remedied such event or condition within thirty (30) days after receipt of such notice. 

“Person”: An individual, a corporation, a limited liability company, an association, a partnership, an estate, a trust or any
other entity or organization, other than the Company or any Affiliate. 
 19.    General. For purposes of the Award and any
determinations to be made by the Administrator hereunder, the determinations by the Administrator shall be binding upon the Grantee and any other person claiming rights to the Award. 

[The remainder of this page is intentionally left blank] 

 By acceptance of the Award, the undersigned agrees to be subject to the terms of the Plan. The
Grantee further acknowledges and agrees that (i) the signature to this Agreement on behalf of the Company is an electronic signature that will be treated as an original signature for all purposes hereunder and (ii) such electronic
signature will be binding against the Company and will create a legally binding agreement when this Agreement is countersigned by the Grantee. 

Executed as of the              day of
                    ,             . 

 

							
	Company:	 		 	SURGERY PARTNERS, INC.
			
		 		 	By:                                   
                                     
		 		 	Name:
		 		 	Title:
			
	Grantee:	 		 	 
		 		 	Name:
			
		 		 	Address:

 Exhibit A 

Performance Objectives 

[Performance Objectives To Be Inserted]

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