Amendment One to The Coca-Cola Company Deferred Compensation Plan
This amendment, adopted by The Coca-Cola Company's Management Committee, modifies the company's Deferred Compensation Plan effective for the 2009 plan year. The key change reduces the maximum percentage of an employee's annual incentive that can be deferred from 100% to 95%. The amendment applies to all participants in the plan and is not expected to have a material financial impact on the company.
Exhibit 10.5
AMENDMENT ONE TO
THE COCA-COLA COMPANY DEFERRED COMPENSATION PLAN
This Amendment to The Coca-Cola Company Deferred Compensation Plan, as amended and restated effective January 1, 2008 (the “Plan”), is adopted by the Management Committee, as described in the Plan (the “Committee”).
WITNESSETH:
WHEREAS, pursuant to Section 8.4 of the Plan, the Committee has the authority to amend the Plan under certain circumstances;
WHEREAS, the amendment described herein applies to the general population of participants in the Plan and would not have a material financial impact on the Company;
WHEREAS, the Committee desires to amend the Plan to reduce the maximum percentage of the annual incentive that may be deferred under the Plan;
NOW, THEREFORE, the Committee hereby amends the Plan as follows:
Effective beginning for the 2009 Plan Year, Section 3.1(b) shall be amended to replace “100%” with “95%.”
IN WITNESS WHEREOF, the undersigned has adopted this Amendment One on the date shown below, but effective as of the dates indicated above.
| Date: | 12/16/2008 |
| By: | /s/ Elizabeth Bastoni |
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| Date: | 12/16/2008 |
| By: | /s/ Ginny Sutton |
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