Amendment Number Two to The Coca-Cola Company Severance Pay Plan

Contract Categories: Human Resources › Severance Agreements
Summary

This amendment, adopted by The Coca-Cola Company Benefits Committee, updates the company's Severance Pay Plan effective April 1, 2017. It revises the definition of a 'Qualifying Event' to clarify when employees are eligible for severance, specifically excluding terminations for poor performance, cause, seasonal layoffs, or voluntary reduction in hours. Additionally, section 3.1(b) of the plan is intentionally omitted. The amendment is signed by the Committee's Chairman, Joseph Pitra.

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EX-10.8 2 a20170331ex-108.htm EXHIBIT 10.8 Exhibit
Exhibit 10.8

AMENDMENT NUMBER TWO TO
THE COCA-COLA COMPANY SEVERANCE PAY PLAN
(as Amended and Restated Effective January 1, 2012)

THIS AMENDMENT to The Coca-Cola Company Severance pay Plan (the "Plan") is adopted by The Coca-Cola Company Benefits Committee (the "Committee").

W I T N E S S E T H:

WHEREAS, Section 6.1 of the Plan provides that the Committee may amend the Plan at any time; and

WHEREAS, the Committee wishes to amend the Plan.

NOW, THEREFORE, the Committee hereby amends the Plan as follows, effective as of April 1, 2017:

1.

The definition of Qualifying Event shall be amended as follows:

"Qualifying Event" means any event that results in the involuntary
loss of active employment for reasons other than poor performance or for
Cause. In addition, a Qualifying Event shall not include a seasonal layoff or
voluntary reduction in hours."

2.

The existing section 3.1(b) shall be deleted in its entirety and shall be replaced with the following language:

"3.1(b)    [Intentionally Omitted]"

IN WITNESS WHEREOF, the Committee has adopted this Amendment on the date shown below, but effective as of the dates indicated above.


        
        
The Coca-Cola Company Benefits Committee
 
By  /s/ Joseph Pitra, Chairman
      Joseph Pitra, Chairman
 
Date 3-10-2017