AMENDMENT ONE
TO THE
THE COCA-COLA COMPANY SEVERANCE PAY PLAN
WHEREAS, The Coca-Cola Company established The Coca-Cola Company Severance Pay Plan ("Plan");
WHEREAS, The Coca-Cola Company Benefits Committee ("Benefits Committee") is authorized to amend the Plan at any time;
NOW, THEREFORE, BE IT RESOLVED the Plan is amended as follows, effective January 1, 2016:
| |
1. | Section 3.3(b) is amended to read as follows: |
“If a regular full-time nonexempt employee qualifies under Section 3.1 (a) (Qualifying Event) for a benefit and (1) works at the Atlanta Beverage Base facility, (2) is assigned to a manufacturing line at the World of Coca-Cola at Pemberton Place, or (3) works at a facility listed on Appendix B, such benefit under this Plan shall equal the Participant's Weekly Pay multiplied by the service factor set forth in the following table:
|
| |
Years of Service | Service Factor |
Less than 5 years | 5 weeks |
5 years but less than 6 | 6 weeks |
6 years but less than 7 | 7 weeks |
7 years but less than 8 | 8 weeks |
8 years but less than 9 | 9 weeks |
9 years but less than 10 | 10 weeks |
10 years but less than 11 | 11 weeks |
11 years but less than 12 | 12 weeks |
12 years but less than 13 | 13 weeks |
13 years but less than 14 | 14 weeks |
14 years but less than 15 | 15 weeks |
15 years but less than 16 | 16 weeks |
16 years but less than 17 | 18 weeks |
17 years but less than 18 | 20 weeks |
18 years but less than 19 | 22 weeks |
19 years but less than 20 | 24 weeks |
20 years or more | 26 weeks" |
2. Appendix B in the form attached hereto is added to the Plan.
3. The definition of Participant is amended to read as follows:
"Participant means:
(a)a regular full-time or regular part-time (working at least 30 hours per week) employee of the Company or a Participating Affiliate who works primarily within the United States (one of the fifty states or the District of Columbia) and who is actively at work or on an Approved Leave of Absence, or
(b)a regular full-time salaried International Service Employee and who is actively at work or on an Approved Leave of Absence.
The term "Participant" shall not include any employee covered by a collective bargaining agreement between an employee representative and the Company or any Affiliate, unless the collective bargaining agreement provides for the employee's participation in this Plan.
An individual shall be treated as an "employee" for purpose of this Plan for any period only if (i) he is actually classified during such period by the Company (or to the extent applicable, any Affiliate) on its payroll, personnel and benefits system as an employee, and (ii) he is paid for services rendered during such period through the payroll system, as distinguished from the accounts payable department, of the Company or the Affiliate. No other individual shall be treated as an employee under this Plan for any period, regardless of his or her status during such period as an employee under common law or under any statute. In addition, an individual shall be treated as an Exempt Employee for purposes of this Plan only if he is actually classified during such period by the Company or an Affiliate on its payroll, personnel and benefits system as an Exempt Employee."
IN WITNESS WHEREOF, the Benefits Committee has caused this Amendment to be signed by its duly authorized member as of this 16th day of December 2015.
|
| |
| |
| THE COCA-COLA COMPANY |
| BENEFITS COMMITTEE |
| |
| |
| /s/ Joseph Pitra |
| Joseph Pitra, Chairperson |
| |
APPENDIX B
Section 3.3(b) Facilities
|
|
Syrup (Food Service) Plants |
Ontario Syrup Plant (CA) |
Dunedin Syrup Plant (FL) |
Atlanta Syrup Plant (GA) |
Honolulu Syrup Plant (HI) |
Columbus Syrup Plant (OH) |
Portland Syrup Plant (OR) |
Lehigh Valley Syrup & Macungie Warehouse (PA) |
Dallas Syrup Plant (TX) |
|
Thermal (Hot-fill/Juice/Water) Plants |
American Canyon (CA) |
Anaheim (CA) |
Chino Warehouse (CA) |
Dinuba (CA) |
Apopka (FL) |
Mainstreet (FL) |
Northampton (MA) |
Paw Paw(MI) |
Truesdale (MO) |
Milesburg (PA) |