Exhibit 10.3
NINTH AMENDMENT TO
THE COCA-COLA COMPANY
SUPPLEMENTAL BENEFIT PLAN
WHEREAS, pursuant to Section 7.5 of The Coca-Cola Company Supplemental Benefit
Plan (the Plan) the Corporate Retirement Plan Administrative Committee (the
Committee) has the authority to amend the Plan;
WHEREAS, the Committee wishes to amend the Plan to simplify administration of
the Thrift Benefit under the Plan; and
WHEREAS, the Chairman of the Committee is authorized by resolution of the
Committee to execute such amendment and take all other necessary actions in
connection therewith;
NOW THEREFORE, the Plan hereby is amended as follows:
1.
Effective as of January 1, 2002, Section 5.5(a) of the Plan shall deleted and
replaced with a new Section 5.5(a) to read as follows:
(a) Distribution of the total value of an Account of a Participant shall be
received by the Participant when he is no longer an employee in accordance
with this Section 5.5(a) or shall be received by the Beneficiary of a
deceased Participant in accordance with 5.5(b). A Participant may elect to
receive such a distribution upon his permanent and total disability as
determined by the Committee (according to such elections as may be
prescribed by the Committee). Distributions shall be made in the form of
lump sum cash payments, or in such other form as the Committee may approve.
Distribution of a Participant's Account shall be comprised of the cash
value of the sum of the hypothetical shares of Company Stock, if any,
credited to the Account in accordance with 5.4(c) plus the cash value of
hypothetical contributions and dividends which have accrued since the most
recent Valuation Date as defined in the Thrift Plan. The value of the
hypothetical shares of Company Stock shall be determined using the highest
Market Price between the fifteenth day of the month of termination of the
Participant and the first working day in the month following termination.
Payment shall be made to the Participant or Beneficiary as soon as
administratively feasible, but not later than one year, following the
termination of the Participants employment. If any benefits payable to, or
on behalf of, a Participant are not claimed for a period of seven years
from the date of entitlement as determined by the Committee, the
Participant, or other potential payee, shall be presumed dead and the value
of the Account shall revert to the Company. In the event that a Participant
resumes his employment prior to the distribution of the value of his
Account, the distribution shall not be made, and no
subsequent distribution shall be made until the reemployed Participant
again resigns, is discharged or retires.
2.
Effective as of January 1, 2002, Section 5.5(b) of the Plan shall be deleted in
its entirety.
3.
Effective as of January 1, 2002, Section 5.5(c) of the Plan shall be renamed
Section 5.5(b) and Section 5.5(d) of the Plan shall be renamed Section 5.5(c).
Except as specifically amended hereby, the Plan shall remain in full force and
effect as prior to this Ninth Amendment.
CORPORATE RETIREMENT PLAN
ADMINISTRATIVE COMMITTEE
By: /s/ Barbara S. Gilbreath
---------------------------
Chairman
Date: 4/19/2002
--------------------------
ATTEST:
/s/ Nicole Polley
------------------------------
Secretary
NINTH AMENDMENT TO
THE COCA-COLA COMPANY
SUPPLEMENTAL BENEFIT PLAN
WHEREAS, pursuant to Section 7.5 of The Coca-Cola Company Supplemental Benefit
Plan (the Plan) the Corporate Retirement Plan Administrative Committee (the
Committee) has the authority to amend the Plan;
WHEREAS, the Committee wishes to amend the Plan to simplify administration of
the Thrift Benefit under the Plan; and
WHEREAS, the Chairman of the Committee is authorized by resolution of the
Committee to execute such amendment and take all other necessary actions in
connection therewith;
NOW THEREFORE, the Plan hereby is amended as follows:
1.
Effective as of January 1, 2002, Section 5.5(a) of the Plan shall deleted and
replaced with a new Section 5.5(a) to read as follows:
(a) Distribution of the total value of an Account of a Participant shall be
received by the Participant when he is no longer an employee in accordance
with this Section 5.5(a) or shall be received by the Beneficiary of a
deceased Participant in accordance with 5.5(b). A Participant may elect to
receive such a distribution upon his permanent and total disability as
determined by the Committee (according to such elections as may be
prescribed by the Committee). Distributions shall be made in the form of
lump sum cash payments, or in such other form as the Committee may approve.
Distribution of a Participant's Account shall be comprised of the cash
value of the sum of the hypothetical shares of Company Stock, if any,
credited to the Account in accordance with 5.4(c) plus the cash value of
hypothetical contributions and dividends which have accrued since the most
recent Valuation Date as defined in the Thrift Plan. The value of the
hypothetical shares of Company Stock shall be determined using the highest
Market Price between the fifteenth day of the month of termination of the
Participant and the first working day in the month following termination.
Payment shall be made to the Participant or Beneficiary as soon as
administratively feasible, but not later than one year, following the
termination of the Participants employment. If any benefits payable to, or
on behalf of, a Participant are not claimed for a period of seven years
from the date of entitlement as determined by the Committee, the
Participant, or other potential payee, shall be presumed dead and the value
of the Account shall revert to the Company. In the event that a Participant
resumes his employment prior to the distribution of the value of his
Account, the distribution shall not be made, and no
subsequent distribution shall be made until the reemployed Participant
again resigns, is discharged or retires.
2.
Effective as of January 1, 2002, Section 5.5(b) of the Plan shall be deleted in
its entirety.
3.
Effective as of January 1, 2002, Section 5.5(c) of the Plan shall be renamed
Section 5.5(b) and Section 5.5(d) of the Plan shall be renamed Section 5.5(c).
Except as specifically amended hereby, the Plan shall remain in full force and
effect as prior to this Ninth Amendment.
CORPORATE RETIREMENT PLAN
ADMINISTRATIVE COMMITTEE
By: /s/ Barbara S. Gilbreath
---------------------------
Chairman
Date: 4/19/2002
--------------------------
ATTEST:
/s/ Nicole Polley
------------------------------
Secretary