Amendment One to The Coca-Cola Company Deferred Compensation Plan (Clawback Provision)

Summary

This amendment, effective October 2, 2023, updates The Coca-Cola Company Deferred Compensation Plan to comply with new SEC requirements. It allows the company to recover incentive-based compensation that was mistakenly awarded, in line with any clawback policies or legal requirements. The amendment was approved by the Plan Management Committee and signed by an authorized member. The key change is the addition of a provision that subjects plan benefits to forfeiture if required by company policy or law.

EX-10.10 3 9 a20231231exhibit10103.htm EX-10.10 3 Document

Exhibit 10.10.3

AMENDMENT ONE
TO
THE COCA-COLA COMPANY DEFERRED COMPENSATION PLAN

WHEREAS, The Coca-Cola Company sponsors The Coca-Cola Company Deferred Compensation Plan, as amended and restated effective January 1, 2008 (the “Plan”); and

WHEREAS, The Coca-Cola Company Deferred Compensation Plan Management Committee (the “Committee”) may amend the Plan at any time; and

WHEREAS, the Committee wishes to amend the Plan to comply with new Securities and Exchange Commission clawback requirements to recover incentive-based compensation erroneously awarded and any other similar requirement.

NOW, THEREFORE, a new Section 8.9 is added to the Plan, effective October 2, 2023, to read as follows:

“8.9 Clawback.

The benefits hereunder will be subject to forfeiture due to the application of any recoupment or clawback policy that the Company may adopt from time to time and to any requirement of applicable law, regulation or listing standard that requires the Company to recoup or claw back any compensation earned, granted, or vested that is used in calculating a benefit under the Plan.”

IN WITNESS WHEREOF, the Committee has caused this Amendment to be signed by its duly authorized member as of this 30th day of November 2023.

THE COCA-COLA COMPANY

DEFERRED COMPENSATION PLAN

MANAGEMENT COMMITTEE

/s/ Lisa Chang
Lisa Chang