SEC Contract Filing

Filing Date: 2022-08-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>coke-2022q2x10qxexx101.htm
<DESCRIPTION>EX-10.1
<TEXT>
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<title>Document</title></head><body><div id="i21fedd41061443a6a2cd2275dca271a8_33"></div><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Exhibit 10.1</font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:174%">FIRST AMENDMENT TO CONSULTING AGREEMENT</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">THIS FIRST AMENDMENT TO CONSULTING AGREEMENT (this &#8220;Amendment&#8221;) is made and entered into as of June 10, 2022 by and between Umesh Kasbekar (&#8220;Consultant&#8221;) and Coca-Cola Consolidated, Inc., a Delaware corporation (the &#8220;Company&#8221;).</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%;text-decoration:underline">W I T N E S S E T H&#58;</font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">WHEREAS, the Company and Consultant are parties to that certain Consulting Agreement dated March 3, 2020 (the &#8220;Consulting Agreement&#8221;) and now desire to amend the Consulting Agreement to increase the fees payable to Consultant for the consulting services he renders to the Company. </font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements set forth below the parties hereto agree as follows&#58;</font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%;padding-left:27pt">Section 2(b) of the Agreement is amended in its entirety effective as of July 6, 2022 to read as follows&#58;</font></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%;padding-left:22.02pt;text-decoration:underline">Consulting Fees</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">. In consideration for the services to rendered by Consultant hereunder, during the term of this Agreement the Company agrees to pay to Consultant a consulting fee (the &#8220;Consulting Fee&#8221;) at an annual rate of $310,000. The Consulting Fee shall be paid to Consultant in substantially equal installments once per month. The Consulting Fee shall be evaluated periodically and remain subject to adjustment by the Board of Directors of the Company (the &#8220;Board&#8221;) or the compensation committee of the Board. In addition to the Consulting Fee, the Company shall pay or reimburse Consultant for all reasonable bona fide out-of-pocket, third-party business expenses incurred by Consultant in the performance of services under this Agreement in accordance with expense reimbursement plans and policies in effect from time to time for consultants to the Company generally.</font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%;padding-left:27pt">Except as expressly or by necessary implication amended by this Amendment, the Consulting Agreement shall continue in full force and effect. </font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:174%">&#91;Signatures on Following Page&#93;</font></div><div><font><br></font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">IN WITNESS WHEREOF, the Company and Consultant have executed this Amendment as of the date first above written.</font></div><div style="text-align:justify;text-indent:216pt"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.098%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style=