Document:

Form of Stock Option Agreement

 Exhibit 10.1 
  
 Option Number: «Option_No» 
  
 MPS GROUP, INC. 
 STOCK OPTION AGREEMENT 
  
 THIS STOCK OPTION
AGREEMENT (this “Agreement”) is made and entered into and effective as of {Effective Date}, by and between MPS Group, Inc., a Florida corporation (the “Company”), and «First» «Initial» «Last»
(the “Optionee”). 
  
 WHEREAS, on the recommendation of
the Board of Directors of the Company (the “Board”), the Company’s Shareholders approved adoption of the 2004 Equity Incentive Plan” (the “Plan”), providing for, among other things, the award of stock options to
employees of the Company and its affiliates or subsidiaries as approved by the Board or the Compensation Committee or other authorized committee of the Board (the “Committee”); and 
  
 WHEREAS, the Committee has granted the Optionee stock options to purchase the
number of shares of the Company’s common stock as set forth below, and in consideration of the granting of these stock options the Optionee intends to remain in the employ of the Company or one or more of its affiliates or subsidiaries and
hereby agrees to the other terms stated herein; and 
  
 WHEREAS,
the Company and the Optionee desire to enter into a written agreement with respect to such options in accordance with the Plan; 
  
 NOW, THEREFORE, as an employment incentive and to encourage stock ownership, and also in consideration of the mutual covenants contained herein, the
parties hereto agree to the above and as follows. 
  
 1.
Incorporation of Plan. These options are granted pursuant to the provisions of the Plan and the terms and definitions of the Plan are incorporated herein by reference and made a part hereof. A copy of the Plan is publicly filed and has been
made available to the Optionee, which the Optionee hereby acknowledges and agrees, and the Optionee further acknowledges and agrees that these options are expressly awarded subject to the Plan terms and provisions. To the extent not expressly
defined in this Agreement, all capitalized terms shall have the meanings set forth in the Plan. 
  
 2. Grant of Options. Subject to the terms, restrictions, limitations and conditions stated herein, the Company hereby evidences its grant to the
Optionee, not in lieu of salary or other compensation, of the right and option (the “Option”) to purchase all or any part of the number of shares of the Company’s common stock, par value $.01 per share (the “Shares”), set
forth on Schedule A attached hereto and incorporated herein by reference. The Option shall vest and be exercisable in the amounts and at the time specified on Schedule A. The Option shall expire and shall not thereafter be exercisable on the date
specified on Schedule A or shall terminate on such earlier date as determined pursuant to Section 8, 9, or 10 hereof. Schedule A states whether the Option is intended to be an Incentive Stock Option. If all or any portion of an Incentive Stock
Option does not qualify for and is not treated as an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, it will be treated as a Nonqualified Stock Option. 
  
 3. Purchase Price. The price per share to be paid by the Optionee for
the shares subject to this Option (the “Exercise Price”) shall be as specified on Schedule A, which price shall be an amount not less than the Fair Market Value of a Share as of the date of grant if the Option is an Incentive Stock Option.

  
 4. Exercise Terms. The Optionee must exercise the
Option for at least the lesser of 100 shares or the number of vested Shares as to which the Option remains unexercised. In the event this Option is not exercised with respect to all or any part of the shares subject to this Option prior to its
expiration or termination, the shares with respect to which this Option was not exercised shall no longer be subject to this Option. 
  
 5. Option Non-Transferable. Except as specified in Exhibit A hereto, no Option shall be transferable by an Optionee other than by will or the laws
of descent and distribution or, in the case of non-Incentive Stock Options, pursuant to a Qualified Domestic Relations Order. During the lifetime of an Optionee, Options shall be exercisable only by such Optionee (or by such Optionee’s guardian
or legal representative, should one be appointed). 
  
 6.
Notice of Exercise of Option. This Option may be exercised by the Optionee, or by the Optionee’s administrators, executors or personal representatives, by a written notice (in substantially the form of the Notice of Exercise attached
hereto as Schedule B) signed by the Optionee, or by such administrators, executors or personal representatives, and delivered or mailed to the Company as specified in Section 17 hereof to the attention of the President or such other officer as the
Company may designate. Any such notice shall: (a) specify the number of Shares which the Optionee or the Optionee’s administrators, executors or personal representatives, as the case may be, then elects to purchase hereunder, (b) contain such
information as may be reasonably required pursuant to Section 13 hereof and (c) be accompanied by (i) a certified or cashier’s check payable to the Company in payment of the total Exercise Price applicable to such shares as provided herein,
(ii) shares of stock owned by the Optionee and duly endorsed or accompanied by stock transfer powers having a Fair Market Value equal to the total Exercise Price applicable to such shares purchased hereunder or (iii) a certified or cashier’s
check accompanied by the number of shares of stock whose Fair Market Value when added to the amount of the check equals the total Exercise Price applicable to such shares purchased hereunder. Upon receipt of any such notice and accompanying payment,
and subject to the terms hereof, the Company 
  

 agrees to issue to the Optionee or the Optionee’s administrators, executors or personal representatives, as the case
may be, stock certificates for the number of shares specified in such notice registered in the name of the person exercising this Option. 
  
 7. Adjustment in Option. In the event of a change in capitalization of the Company, the Company may make appropriate adjustments to the number and
class of Shares or other securities subject to the Option and the purchase price for such Shares or other securities. The Company’s adjustment shall be final, binding and conclusive for all purposes this Agreement. 
  
 8. Termination of Employment. 
  
 (a) Except as otherwise specified in Schedule A hereto, in the event of the
termination of the Optionee’s employment with the Company, other than a termination that is either (i) for Cause, (ii) voluntary on the part of the Optionee and without written consent of the Company or (iii) for reasons of death or Disability
or retirement, the Optionee may exercise this Option at any time within thirty (30) days after such termination to the extent of the number of shares which were Purchasable hereunder at the date of such termination. 
  
 (b) Except as otherwise specified in Schedule A hereto, in the event of a
termination of the Optionee’s employment with the Company, that is either (i) for Cause or (ii) voluntary on the part of the Optionee and without the written consent of the Company, this Option, to the extent not previously exercised, shall
terminate immediately and shall not thereafter be or become exercisable. 
  
 (c) Execpt as otherwise specified in Schedule A hereto, in the event of the retirement of the Optionee at the normal retirement date as prescribed from time to time by the Company, the Optionee shall continue to have
the right to exercise any Options for shares which were Purchasable at the date of the Optionee’s retirement provided that, on the date which is three months after the date of retirement, the Option will become void and unexercisable unless on
the date of retirement the Optionee enters into a noncompete agreement with the Company and its subsidiaries and continues to comply with such noncompete agreement. 
  
 (d) This Option does not provide Optionee with a definite term or duration of employment or confer upon the Optionee any
right or expectation with respect to continuance of employment by the Company or by any of its subsidiaries. This Option shall not be affected by any change of employment so long as the Optionee continues to be an employee of the Company or one or
more of its subsidiaries. 
  
 (e) For purposes of this Section 8,
termination or retirement from Optionee’s employment with the Company means termination or retirement from the Company and its subsidiaries or affiliates such that the Optionee is no longer employed with any company comprising the group of
companies affiliated with the Company. 
  
 9. Disabled
Optionee. In the event of termination of employment because of the Optionee’s incurring a Disability, the Optionee (or his or her personal representative) may exercise this Option after such determination of a Disability at any time prior
to the option expiration date set forth in Schedule A. 
  
 10.
Death of Optionee. In the event of termination of employment because of the Optionee’s death, the Optionee’s administrators, executors or personal representatives may nonetheless exercise this Option at any time prior to the option
expiration date set forth in Schedule A. 
  
 11.
Post-Employment Covenants. 
  
 (a) For a period of one (1)
year following any termination of Optionee’s employment with the Company or any of its subsidiary corporations at which Optionee was employed (hereinafter “Employer”), whether voluntary or involuntary, Optionee agrees not to directly
or indirectly solicit or accept business from Employer’s clients for any business which competes with Employer which account was solicited, serviced or supervised by the Optionee, (and, if Optionee is a branch or regional manager, or the
equivalent title, of Employer, any client which was solicited or serviced by the Optionee’s branch or region) during his or her employment with Employer. 
  

(b) For a period of one (1) year following any termination of Optionee’s employment with Employer, whether voluntary or involuntary, Optionee
agrees not to hire, recruit or attempt to recruit for any business which competes with Employer any person employed or contracted with by Employer, either currently or during the twelve (12) month period prior to Optionee’s termination of
employment with Employer. 
  
 (c) If similar post-employment
covenants are included in Optionee’s Employment Agreement, then those covenants shall take precedence over the covenants herein to the extent a broader covenant or longer post-termination period is contemplated by those agreements. 

 

 12. Date of Grant. This Option was granted by the Committee on the date set forth in Schedule A
(the “Date of Grant”). 
  
 13. Compliance with
Regulatory Matters. 
  
 (a) The Optionee acknowledges that the
issuance of capital stock of the Company is subject to limitations imposed by federal and state law and the Optionee hereby agrees that the Company shall not be obligated to issue any Shares upon exercise of this Option that would cause the Company
to violate law or any rule, regulation, order or consent decree of any regulatory authority (including, without limitation, the Securities and Exchange Commission) having jurisdiction over the affairs of the Company. The Optionee agrees that he or
she will provide the Company with such information as is reasonably requested by the Company or its counsel to determine whether the issuance of Shares complies with the provisions described by this Section 13. 
  
 (b) The Option may not be exercised at any time unless, in the opinion of
counsel for the Company, the issuance and sale of the Shares issued upon such exercise is exempt from registration under the Securities Act of 1933, as amended, or any other applicable federal or state securities law, rule or regulation, or the
Shares have been duly registered under such laws. The Company intends to register the Shares issuable upon the exercise of the Option; however, until the Shares have been registered under all applicable laws, the Optionee shall represent, warrant
and agree, as a condition to the exercise of the Option, that the Shares are being purchased for investment only and without a view to any sale or distribution of such Shares and that such Shares shall not be transferred or disposed of in any manner
without registration under such laws, unless it is the opinion of counsel for the Company that such a disposition is exempt from such registration. The Optionee acknowledges that an appropriate legend giving notice of the foregoing restrictions
shall appear conspicuously on all certificates evidencing the Shares issued upon the exercise of the Option. 
  
 14. Restriction on Disposition of Shares. The shares purchased pursuant to the exercise of an Incentive Stock Option shall not be transferred by
the Optionee except pursuant to the Optionee’s will, or the laws of descent and distribution, until such date which is the later of two years after the grant of such Incentive Stock Option or one year after the transfer of the shares to the
Optionee pursuant to the exercise of such Incentive Stock Option. 
  
 15. Withholding of Taxes. 
  
 (a) The Company
shall have the right to deduct from any distribution of cash to the Optionee an amount equal to the federal, state and local income taxes and other amounts as may be required by law to be withheld (the “Withholding Taxes”) with respect to
the Option. If the Optionee is entitled to receive Shares upon exercise of the Option, the Optionee shall pay the Withholding Taxes (if any) to the Company in cash prior to the issuance of such Shares. In satisfaction of the Withholding Taxes, the
Optionee may make a written election (the “Tax Election”) to have withheld a portion of the Shares issuable to him or her upon exercise of the Option, having an aggregate Fair Market Value equal to the Withholding Taxes; provided that, if
the Optionee may be subject to liability under Section 16(b) of the Securities Exchange Act of 1934, the election must comply with the requirements applicable to share transactions by such Optionee. 
  
 (b) If the Optionee makes a disposition, within the meaning of Section 424(c)
of the Internal Revenue Code of 1986 and regulations promulgated thereunder, of any Shares issued pursuant to exercise of an Incentive Stock Option within the two-year period commencing on the day after the Grant Date or within the one-year period
commencing on the day after the date of transfer of such Shares to the Optionee pursuant to such exercise, the Optionee shall, within ten (10) days of such disposition, notify the Company thereof, by delivery of written notice to the Company at its
principal executive office, and immediately deliver to the Company the amount of any Withholding Taxes. 
  
 16. No Rights as Shareholder. The Optionee shall not be deemed to be the holder of, or to have any of the rights of a shareholder with respect to
the Shares subject to the Option until i) the Option shall have been exercised pursuant to the terms of this Agreement and the Optionee shall have paid the full purchase price for the number of Shares in respect of which the Option was exercised,
(ii) the Company shall have issued and delivered the Shares to the Optionee, and iii) the Optionee’s name shall have been entered as a shareholder of record on the books of the Company, whereupon the Optionee shall have full voting, dividend,
distribution and ownership rights with respect to such Shares. 
  
 17. Miscellaneous. 
  
 (a) This Agreement shall be
binding upon the parties hereto and their representatives, successors and assigns. 
  
 (b) This Agreement is executed and delivered in, and shall be governed by the laws of, the State of Florida. 
  
 (c) Any requests or notices to be given hereunder shall be deemed given, and any elections or exercises to be made or accomplished shall be deemed made or
accomplished, upon actual delivery thereof to the designated recipient, or five (5) days after deposit thereof in the United States mail, registered, return receipt requested and postage prepaid, addressed, if to the 
  

 Optionee, at the last known address set forth in the Company’s personnel records and, if to the
Company, to the Law Department of the Company at the executive offices of the Company at 1 Independent Drive, Jacksonville, FL 32202. 
  
 (d) This Agreement may not be modified or waived except in writing executed by each of the parties hereto. 
  
 (e) Should any provision of this Agreement be held by a court of competent
jurisdiction to be unenforceable or invalid for any reason, the remaining provisions of this Agreement shall not be affected by such holding and shall continue in full force in accordance with their terms. 
  
 (f) This Option is conditioned on the Optionee’s execution and delivery
of this Agreement. If this Agreement is not executed and delivered by the Optionee, it may be canceled by the Company. 
  
 IN WITNESS WHEREOF, the Company and the Optionee have executed this Stock Option Agreement as of {Effective Date}. 
  

			
	MPS GROUP, INC	 	OPTIONEE
		
	 BY:

	 	

	 Its:
	 	 

  

 SCHEDULE A 
 TO 
 STOCK OPTION AGREEMENT 
 BETWEEN 
 MPS GROUP, INC. 
 AND 
 [OPTIONEE] 
  

	1.	Number of Shares Subject to Option:                     
shares. 

  

	2.	This Option (Check one) (     )is (    ) is not an Incentive Stock Option. 

  

	3.	Option Exercise Price: $                      per share.

  

	4.	Date of Grant:
                             

  

	5.	Option Vesting Schedule: 

  
 Check one: 

	

	 	(    )	Options are exercisable with respect to all shares on or after the date hereof 

  

	 	(    )	Options are exercisable with respect to the number of shares indicated below on or after the date indicated next to the number of shares: 

  

			
	 No. of Shares

	 	 Vesting Date

	 	 	 
	 	 	 
	 	 	 
	 	 	 

	 	    	provided, however, that if there is a Change in Control of the Company (as defined in the Plan), then all previously unvested options shall vest immediately.

  

	6.	Option Exercise Period: 

  

	    	Check One: 

  

	 	(    )	All options expire and are void unless exercised on or before [EXPIRATION DATE]. 

	

	 	(    )	Options expire and are void unless exercised on or before the date indicated next to the number of shares: 

  

			
	 No. of Shares

	 	 Expiration Date

	 	 	 
	 	 	 
	 	 	 
	 	 	 

	7.	Effect of Termination of Employment of Optionee (if different from that set forth in Sections 8, 9 and 10 of the Stock Option Agreement): Regardless of any provision in
Section 8, 9 or 10 of the Stock Option Agreement, this Agreement expressly provides for: 

  
 (i) exercisability of vested options (including those vested under paragraphs 7 (ii) and (iii) below) for at least two years following the Optionee’s
termination of employment with the Company (or if sooner, 10 years from date of grant of the option); 
  
 (ii) full vesting of options upon a Change in Control (as defined in the Plan) or termination of the Optionee’s employment with the Company for
reasons other than (i) by the Company for Cause (as defined in Optionee’s Employment Agreement) or (ii) by the Optionee without Good Reason (as defined in Optionee’s Employment Agreement); and 
  
 (iii) exercisability only to the extent vested on the date of the
Optionee’s termination of employment with the Company, in the event of termination (i) by the Company for Cause (as defined in the Optionee’s Employment Agreement) or (ii) by the Executive without Good Reason (as defined in the
Optionee’s Employment Agreement).Description of the 2005 Annual Bonus Plan

 Exhibit 10.1 
  
 COCA-COLA BOTTLING CO. CONSOLIDATED 
  
 ANNUAL BONUS PLAN 
  
 PURPOSE 
  
 The purpose of this Annual Bonus Plan (the “Plan”) is to promote the best interests of the Company and its Shareholders by providing key management employees with additional incentives to assist the
Company in meeting and exceeding its business goals. 
  
 PLAN
ADMINISTRATION 
  
 The Plan will be administered by the Compensation
Committee as elected by the Board of Directors; provided that, so long as the Company and the Plan are subject to the provisions of Section 162(m) of the Internal Revenue Code of 1986, as amended (“Section 162(m)”), either
the Compensation Committee shall be composed solely of two or more directors who qualify as “outside directors” under Section 162(m) or, if for any reason one or more members of the Compensation Committee cannot qualify as “outside
directors,” the Board shall appoint a separate Bonus Plan Committee composed of two or more “outside directors” which shall have all of the powers otherwise granted to the Compensation Committee to administer the Plan. All references
herein to the “Committee” shall be deemed to refer to either the Compensation Committee or to the Bonus Plan Committee, as applicable at any given time. The Committee is authorized to establish new guidelines for administration of
the Plan, delegate certain tasks to management, make determinations and interpretations under the Plan, and to make awards pursuant to the Plan; provided, however, that the Committee shall at all times be 

 
required to exercise these discretionary powers in a manner, and subject to such limitations, as will permit all payments under the Plan to “covered
employees” (as defined in Section 162(m)) to continue to qualify as “performance-based compensation” for purposes of Section 162(m), and any action taken by the Committee shall automatically be deemed null and void to the extent (if
any) that it would have the effect of destroying such qualification. Subject to the foregoing, all determinations and interpretations of the Committee will be binding upon the Company and each participant. 
  
 PLAN GUIDELINES 
  
 Eligibility: The Committee is authorized to grant cash awards to any officer, including officers who are directors and to other
employees of the Company and its affiliates in key positions. 
  
 Participation: Management will recommend annually key positions which should qualify for awards under the Plan. The Committee has full and final authority in its discretion to select the key positions eligible for awards. Management
will inform individuals in selected key positions of their participation in the Plan. 
  
 Qualification and Amount of Award: 
  

	1.	Participants will qualify for awards under the Plan based on: 

  

	 	(a)	Corporate goals set for the fiscal year. 

  

	 	(b)	Division/Manufacturing Center goals or individual goals set for the fiscal year. 

  

	 	(c)	The Committee may, in its sole discretion, eliminate any individual award, or reduce (but not increase) the amount of compensation payable with respect to any individual award.

	2.	The total cash award to the participant will be computed as follows: 

  
 Gross Cash Award = Base Salary X Approved Bonus % Factor X Indexed 
  
 Performance Factor X Overall Goal Achievement Factor. 
  
 Notwithstanding the above formula, the maximum cash award that may be made
to any individual participant based upon performance for any fiscal year period shall be $1,000,000. 
  

	3.	The Base Salary is the participant’s base salary level set for the fiscal year. The Approved Bonus % Factor is a number set by the Committee (maximum = 100%) to reflect each
participant’s relative responsibility and the contribution to Company performance attributed to each participant’s position with the Company. 

  

	4.	The Indexed Performance Factor is determined by the Committee prior to making payments of awards for each fiscal year, based on each individual’s performance during such fiscal
year. Since the Committee is necessarily required to evaluate subjective factors related to each individual’s performance in order to arrive at this number, and since such evaluations cannot be made until after the close of the fiscal year to
which the award relates, the Indexed Performance Factor will automatically be set at 1.2 for all participants who are “covered employees” (as defined in Section 162(m)), in order to allow awards to such participants to qualify as
“performance-based compensation” that is not subject to the deduction limits of Section 162(m). 

  

	5.	 The Overall Goal Achievement Factor used in calculating the Gross Cash Award for each participant will be determined on the basis of multiplying the weightage
factor specified in ANNEX A attached hereto for each of the six performance criteria specified therein (Operating Cash Flow (as defined in ANNEX A), Free Cash Flow (as defined in ANNEX A), Net Income, Unit Volume, Market Share,
and an overall Value Measure (as defined in ANNEX A)) by the percentage 

 
specified in the following table for the level of performance achieved with respect to each such goal: 
  

			
	 Goal Achievement
 (in
percent)

	  	 Amount of Award
 (as a % of max.)

	 89.0 or less
	  	0
	 89.1-94
	  	80
	 94.1-97
	  	90
	 97.1-100
	  	100
	 100.1-105
	  	110
	 105.1-110
	  	120

  

	6.	The Committee will review and approve all awards. The Committee has full and final authority in its discretion to adjust the Gross Cash Award determined in accordance with the
formula described above in arriving at the actual gross amount of the award to be paid to any participant; subject, however, to the limitation that such authority may be exercised in a manner which reduces (by using lower numbers for the Indexed
Performance Factor or otherwise), but not in a manner which increases, the Gross Cash Award calculated in accordance with the formula prescribed in Paragraph 2 above. The gross amount will be subject to all local, state and federal minimum tax
withholding requirements. 

  

	7.	Participant must be an employee of the Company on the date of payment to qualify for an award. Any participant who leaves the employ of the Company, voluntarily or involuntarily,
prior to the payment date, is ineligible for any bonus. An employee who assumes a key position during the fiscal year may be eligible for a pro-rated award at the option of the Committee, provided the participant has been employed a minimum of three
(3) months during the calendar year. 

  

	8.	Awards under the bonus program will not be made if any material aspects of the bottle contracts with The Coca-Cola Company (“TCCC”) are violated. 

 Payment Date: Awards shall be paid upon determination (and certification by the Committee, as provided below) of
the results under each of the performance criteria specified in Paragraph 5 above following the closing of the Company’s books for the fiscal year to which such awards relate; provided, however, that the Committee shall have discretion
to delay its certification and payment of awards for any fiscal year until following notification from the Company’s independent auditors of the final audited results of operations for the fiscal year. In any event, the Committee shall provide
written certification that the annual performance goals have been attained, as required by Section 162(m), prior to any payments being made for any fiscal year. 
  

AMENDMENTS, MODIFICATIONS AND TERMINATION 
  
 The Committee is authorized to amend, modify or terminate the Plan retroactively at any time, in part or in whole; provided, however, that any such amendment may
not cause payments to “covered employees” under the Plan to cease to qualify as “performance-based compensation” under Section 162(m) unless such amendment has been approved by the full Board of Directors of the Company.

  
 SHAREHOLDER APPROVAL REQUIREMENT 
  
 So long as the Company and the Plan are subject to the provisions of Section 162(m), no
awards shall be paid to any participants under the Plan unless the performance goals under the Plan (including any subsequent Plan amendments as contemplated above) shall have received any approval of the Company’s shareholders required in
order for all such payments to “covered employees” to qualify as “performance-based compensation” under Section 162(m). 

 ANNEX FOR 2005 
  
 APPROVED PERFORMANCE CRITERIA FOR 
 AWARDING BONUS PAYMENTS 
  
 CORPORATE GOALS 
  

					
	 PERFORMANCE INDICATOR

	  	 WEIGHTAGE
 FACTOR*

	 	GOAL

	 1.      Operating Cash Flow (A)
	  	30%	 	**
	 2.      Free Cash Flow (B)
	  	40%	 	**
	 3.      Net Income
	  	10%	 	**
	 4.      Unit Volume
	  	5%	 	**
	 5.      Market Share
	  	5%	 	**
	 6.      Value Measure
          (9 X OCF – Debt)
	  	10%	 	**
	 Total
	  	100%	 	 

	*	Set as Part of Approved Plan 

	**	Target goals omitted pursuant to Instruction 2 to Item 402(k) of Regulation S-K. 

  
 NOTES: 
  

	1.	Operating cash flow is defined as income from operations before depreciation and amortization of goodwill and intangibles. 

  

	2.	Free cash flow is defined as the net cash available for debt or lease pay down after considering non-cash charges, capital expenditures, taxes and adjustments for changes in assets
and liabilities. Specifically excluded would be acquisitions and capital expenditures made because of acquisitions. Specifically excluded from free cash flow are net proceeds from: 

  

	 	•	 	Investment in or sale of franchise territories 

  

	 	•	 	Sales of real estate 

  

	 	•	 	Sales of other assets 

  

	 	•	 	Other items as defined by the Committee. 

  

	3.	Net Income is defined as the after-tax reported earnings of the Company. 

	4.	Unit Volume is defined as bottle, can and pre-mix cases converted to 8 oz. cases. 

  

	5.	If, and to the extent that, excluding any of the following items increases the level of goal achievement with respect to any of the performance indicators, then such item shall be
excluded from determination of the level of goal achievement: 

  

	 	•	 	Unbudgeted events of more than $50,000. 

  

	 	•	 	Impact of non-budgeted acquisition or joint venture transactions occurring after the commencement of the fiscal year performance period. 

  

	 	•	 	Adjustments required to implement unbudgeted changes in accounting principles (i.e., new FASB rulings). 

  

	 	•	 	Unbudgeted changes in depreciation and amortization schedules. 

  

	 	•	 	Unbudgeted premiums paid or received due to the retirement of refinancing of debt or hedging vehicles. 

  
 The Committee shall, however, have discretion to include any of these specifically excluded items, but only to the extent
that the exercise of such discretion would reduce (but not increase) the amount of any award otherwise payable under the Plan. 
  

	6.	Bonus program will not be in force if any material aspects of the Bottle Contracts with TCCC are violated. 

  

	7.	For purposes of determining incentive compensation, accounting practices and principles used to calculate “actual” results will be consistent with those used in
calculating the budget.

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