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Exhibit 10.2


RESTRICTED STOCK AGREEMENT

        The Coca-Cola Company (the "Company") hereby agrees to award to the recipient named below (the "Recipient") on the date set forth below ("Grant Date") the number of shares of Common Stock, $.25 par value, of the Company (the "Shares"), in accordance with and subject to the terms, conditions and restrictions of this Agreement. If the conditions described below are satisfied, such award will be made under the terms of The Coca-Cola Company 1989 Restricted Stock Award Plan (the "Plan"), as amended, on the Grant Date.

Agreement Date    

Acceptance Date    

Performance Period    

Grant Date (Issue Date)    

Vesting Period    

Release Date    

Compound Annual Growth in Earnings
Per Share during the Performance Period
  Percentage of Target Award
to be Granted

% (Maximum Award)   150%

%   125%

% (Target Award)   100%

%   83%

%   66%

% (Minimum Award)   50%

Less than %   0

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The performance criteria shall be: compound annual growth in earnings per share. Earnings per share shall be defined as:

Numerator:   the numerator set forth in the definition of diluted earnings per share under United States Generally Accepted Accounting Principles (U.S. GAAP) (Financial Accounting Standard 128 and/or applicable standards and interpretations in effect for the year), excluding items as defined below.

divided by

 

 

Denominator:

 

the denominator set forth in the definition of diluted earnings per share under U.S. GAAP (Financial Accounting Standard 128 and/or applicable standards and interpretations in effect for the year).

The calculation of compound annual growth in earnings per share shall be adjusted for significant structural changes, accounting changes, and other operating and non-operating charges and gains disclosed separately in the year-end earnings release or other Company public communications for the base year and each year of the Performance Period. The intent of this adjustment is to provide a consistent year-to-year comparison of performance on the specified measure.

Compound annual growth rate in earnings per share shall be rounded to the nearest whole percentage point.

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TERMS AND CONDITIONS OF THIS AGREEMENT

(1)
If all of the conditions set forth in this Agreement are satisfied, an award of restricted Shares under the Plan will be made to the Recipient on the Grant Date. No Shares will be delivered to the Recipient or transferred into the Recipient's name until the Grant Date and the Recipient shall have no rights to any Shares or any rights associated with such Shares (such as dividends or voting rights) until the Grant Date. Shares will be delivered to the Recipient or the Recipient's estate on the Release Date indicated above on which the Shares cease to be subject to risk of forfeiture pursuant to the terms of this Agreement and the terms of the Plan, subject to all terms and conditions set forth in this Agreement.


If the Recipient is resident outside of the United States on the Grant Date, the Compensation Committee (or its designee), in its sole discretion, may select an alternate Grant Date which is not later than the Release Date. If the Compensation Committee (or its designee) selects such an alternate Grant Date, the Recipient will receive from Recipient's employer a cash payment, less all applicable taxes, equal to the dividend that would be paid on an equivalent number of shares of Company Stock, beginning at the time a dividend would have been paid had Shares been Granted on the original Grant Date listed above.

(a)
Performance Conditions for the Award. An award of restricted Shares on the Grant Date shall be made only if the Recipient is, and has continuously been, employed by the Company or a Related Company since the date of this Agreement, except as provided in paragraph (1)(c). In addition, the award shall be made only if (and to the extent) that the Performance Criteria, set forth above, are satisfied during the Performance Period. The Controller of the Company and the Compensation Committee shall certify whether, and to what extent, the Performance Criteria have been achieved.

(b)
Conditions for Release of the Award. The Shares shall be delivered on the Release Date only if the Recipient, on the Release Date, is, and has continuously been since the date of this Agreement, employed by the Company or a Related Company, except as provided in paragraph (1)(c).

(c)
Separation from the Company. If any of the circumstances listed below occur prior to the Release Date, the terms of this subparagraph shall apply. The following table describes the

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    During the Performance Period   Between the end of the Performance Period and the
Grant Date
  Between the Grant Date and the Release Date

Death   The Performance Period shall   If the Performance Criteria   Shares granted will be released
      be shortened to the beginning     have not been met, there shall   within 90 days following the
      of the original Performance     be no award.   Recipient's death.
      Period through the end of the   If the Performance Criteria      
      year of death.     are met, instead of an award      
    If the Performance Criteria are met during the shortened Performance Period, instead of an award of Shares, the Recipient's estate shall be paid a cash amount equal to the value of the Shares that would have been awarded on the Grant Date, prorated as described below. The value shall be determined as the date of the February Compensation Committee meeting following the year of death.     of Shares, the Recipient's estate shall be paid a cash amount equal to the value of the Shares that would have been awarded on the Grant Date. The value shall be determined as of the later of the Grant Date or the date of death.      

Disability   The Performance Period   If the Performance Criteria   Shares granted will be released
      continues.     have not been met, there shall   within 90 days following the
    At the end of the Performance     be no award.   Recipient's disability.
      Period, there will be no   If the Performance Criteria      
      Award unless, and to the     are met, instead of an award      
      extent that, the Performance     of Shares, the Recipient shall      
      Criteria are met.     be paid a cash amount equal      
    If the Performance Criteria     to the value of the Shares that      
      are met, instead of an award     would have been awarded,      
      of Shares, the Recipient shall     with the value determined      
      be paid a cash amount equal     as of the Grant Date.      
      to the value of the Shares that would have been awarded, prorated as described below, with the value determined as of the Grant Date.            

                   

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Retirement   Awards held less than 12 months as of the date of Retirement shall be forfeited.   If the Performance Criteria have not yet been certified, a grant of Shares will be made   Shares granted will be released within 90 days following the Recipient's Retirement date.
    For Awards held at least 12 months, a prorated grant of Shares will be made 30 days prior to the Recipient's Retirement date (or on the closest business day thereto). The number of Shares granted and the terms of those Shares shall be as set forth in section viii) below.     30 days prior to the Recipient's Retirement date (or on the closest business day thereto) based on preliminary estimates of the results. These Shares shall continue to be subject to forfeiture if the certified results are less than what was preliminarily awarded. Any      
    Recipient must notify     nonforfeited Shares shall be      
      Company of intent to retire     released within 90 days      
      90 days prior to retirement.     following the date the      
            Performance Criteria are certified.      
          If the Performance Criteria have been certified, the applicable number of Shares shall be granted 30 days prior to the Recipient's Retirement date and released within 90 days following the Recipient's Retirement date.      

Transfer to a   The Performance Period and   If the Performance Criteria   Vesting Period continues.
Related Company     Vesting Period continues.     have not been met, there shall   Shares granted will be
    At the end of the Performance     be no award.     released on the Release Date,
      Period, there will be no   If the Performance Criteria     provided all other terms and
      Award unless, and to the     are met, the Vesting Period     conditions are satisfied and
      extent that, the Performance     continues. Provided that the     Recipient continues to be
      Criteria are met.     Recipient continues to be     employed by a Related
    If the Performance Criteria     employed by a Related     Company until the Release
      are met, instead of an award     Company until the Release     Date.
      of Shares, the Recipient shall     Date, instead of an award of      
      be paid a cash amount equal     Shares, the Recipient shall be      
      to the value of the Shares that     paid a cash amount equal to      
      would have been awarded,     the value of the Shares that      
      prorated as described below,     would have been awarded,      
      paid on the Release Date,     with the value determined as      
      with the value determined as     of the Release Date.      
      of the Release Date. In order            
      to receive any payment, the            
      Recipient must continue to be            
      employed by a Related            
      Company until the Release            
      Date.            
                   

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Involuntary Separation (other than for Cause)   Awards held less than 12 months from the date of Involuntary Separation shall   If the Performance Criteria have not been met, there shall be no award.   A prorated number of Shares (prorated based on the number of months between the beginning of
      be forfeited.   If the Performance Criteria   the performance period and the
    For all other awards, the     have been met, Recipient   date of separation), will be
      Performance Period     shall be paid a cash amount   released within 90 days of the
      continues.     equal to the value of a   date of involuntary separation.
    At the end of the Performance     prorated number of Shares      
      Period, there will be no award     that would have been      
      unless, and to the extent that,     awarded (prorated based on      
      the Performance Criteria are     the number of months      
      met.     between the beginning of the      
    If the Performance Criteria     performance period and the      
      are met, instead of an award     date of separation), with the      
      of Shares, the Recipient shall     value determined as of the      
      be paid a cash amount equal     later of the Grant Date or the      
      to the value of 50% of the     date of separation.      
      Shares that would have been awarded, prorated as described below, with the value determined as of the Grant Date.            

Voluntary resignation or Termination for Cause   Forfeit entire award   Forfeit entire award   Forfeit entire award

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(2)
Each notice relating to this award shall be in writing. All notices to the Company shall be addressed to the Secretary, The Coca-Cola Company, One Coca-Cola Plaza, Atlanta, Georgia 30313. All notices to the Recipient shall be addressed to the address of the Recipient specified on the face page of this Agreement. Either the Company or the Recipient may designate a different address by written notice to the other. Written notice to said addresses shall be effective to bind the Company, the Recipient and the Recipient's representatives and beneficiaries.

(3)
Taxes.

(a)
The Company or a Related Company will assess the requirements regarding federal, state and/or local taxes, social insurance, and payroll tax withholding obligations (the "Taxes") in connection with the Shares awarded under this Agreement, including the presentation of this Agreement, the Recipient's acceptance of this Agreement, the determination of the Performance Criteria during the Performance Period, the award of the restricted Shares on the Grant Date or an alternate Grant Date, the release of the Shares, any cash payment

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(4)
The Recipient hereby agrees that (a) any change, interpretation, determination or modification of this Agreement by the Committee shall be final and conclusive for all purposes and on all persons including the Company and the Recipient; provided, however, that with respect to any amendment or modification of the Plan which affects the award of Shares made hereby, the Committee shall have determined that such amendment or modification is in the best interests of the Recipient of such award; and (b) this Agreement and the award of Shares shall not affect in any way the right of the Recipient's employer to terminate or change the employment of the Recipient.

(5)
In the event Recipient shall cease to be employed by the Company or a Related Company, prior to, or during one year after, any award, cash payment or release of restrictions pursuant to an award, the Recipient shall not render services for any organization or engage directly or indirectly in any business which, in the judgment of the Chief Executive Officer of the Company or other senior officer designated by the Committee, is or becomes competitive with the Company, or which organization or business, or the rendering of services to such organization or business, is or becomes otherwise prejudicial to or in conflict with the interests of the Company. Failure to comply with this provision shall cause such award or release to be rescinded. The Company shall notify the Recipient in writing of any such rescission within two years after such award or release. Within ten days after receiving such notice from the Company, if after the Release Date, the Recipient shall pay to the Company the fair market value of the Shares on the Release Date (or the amount of the cash payment provided to the Recipient), plus interest calculated through the date of repayment to the Company. Fair market value shall be the closing price per share, as reported on the New York Stock Exchange Composite Transactions listing, multiplied by the number of Shares for which restrictions were released. Interest shall be calculated using the weighted prime rate at SunTrust Bank, Atlanta.

(6)
If any of the terms of this Agreement may in the opinion of the Company conflict or be inconsistent with any applicable law or regulation of any governmental agency having jurisdiction, the Company reserves the right to modify this Agreement to be consistent with applicable laws or regulations.

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(7)
Personal Data. The Recipient understands that his or her employer, the Company or a Related Company hold certain personal information about the Recipient, including but not limited to his or her name, home address, telephone number, date of birth, social security number, salary, nationality, job title, and details of all Shares awarded, cancelled, vested, unvested, or outstanding (the "personal data"). Certain personal data may also constitute "sensitive personal data" within the meaning of applicable local law. Such data include but are not limited to the information provided above and any changes thereto and other appropriate personal and financial data about the Recipient. The Recipient hereby provides explicit consent to the Company and any Related Company to process any such personal data and sensitive personal data. The Recipient also hereby provides explicit consent to the Company and any Related Company to transfer any such personal data and sensitive personal data outside the country in which the Recipient is employed, and to the United States. The legal persons for whom such personal data are intended are the Company and any broker company providing services to the Company in connection with the administration of the Plan. The Recipient has been informed of his or her right of access and correction to his or her personal data by applying to the person identified in paragraph 2.

(8)
Additional Consents. The Recipient consents to and acknowledges that:

(a)
the Plan is discretionary in nature and the Company can amend, cancel or terminate it at any time;

(b)
these awards and any other awards under the Plan are voluntary and occasional and do not create any contractual or other right to receive future awards or benefits in lieu of any awards, even if similar awards have been granted repeatedly in the past;

(c)
all determinations with respect to any such future awards, including, but not limited to, the times when awards are made, the number of Shares, and the performance and other conditions attached to the awards, will be at the sole discretion of the Company and/or the Compensation Committee;

(d)
participation in this Plan is voluntary;

(e)
the value of the Shares and this award is an extraordinary item of compensation, which is outside the scope of the Recipient's employment contract, if any;

(f)
the Shares, this award, or any income derived therefrom are a potential bonus payment not paid in lieu of any cash salary compensation and not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments, bonuses, long-service awards, life or accident insurance benefits, pension or retirement benefits or similar payments;

(g)
in the event of involuntary termination of the Recipient's employment, the Recipient's eligibility to receive Shares or payments under this Agreement or the Plan, if any, will terminate effective as of the date that the Recipient is no longer actively employed regardless of any reasonable notice period mandated under local law, except as expressly provided in this Agreement;

(h)
the future value of the Shares is unknown and cannot be predicted with certainty;

(i)
(for individuals other than employees of the Company) the award has been made to the Recipient in his or her status as an employee of his or her employer and can in no event be understood or interpreted to mean that the Company is his or her employer or that he or she has an employment relationship with the Company;

(j)
no claim or entitlement to compensation or damages arises from the termination of this Agreement or diminution in value of the Shares and the Recipient irrevocably releases the

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(9)
Governing Law. This Agreement has been made in and shall be construed under and in accordance with the laws of the State of Georgia, USA.

(10)
Headings. Paragraph headings are included for convenience and shall not affect the meaning or interpretation of this Agreement.

    THE COCA-COLA COMPANY

 

 

BY:

 

THE COMMITTEE

    

 

 

 

 

 

 


Authorized Signature

        I have read the above Agreement and hereby accept the above award under the terms and conditions of this Agreement and I agree to be bound thereby and by the actions of the Committee.

Recipient        
   
   

Date:

 

 

 

 
   
   

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STOCK POWER

FOR VALUE RECEIVED,                                          hereby sells, assigns and transfers unto The Coca-Cola Company (the "Company"), a Delaware corporation (FEIN 58-628465),                          shares of the Common Stock of the Company standing in my name on the books of the Company represented by Certificate(s) No(s).                                          herewith, and do hereby irrevocably constitute and appoint any officer or any duly authorized representative of the Company attorney to transfer the said stock on the books of the Company with full power of substitution in the premises.

Dated:        
   
   

 

 

 

 


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RESTRICTED STOCK AGREEMENT