Letter to Deval L. Patrick Regarding Accelerated Make-Whole Payment under Employment Agreement

Contract Categories: Human Resources › Compensation Agreements
Summary

This letter from The Coca-Cola Company to Deval L. Patrick informs him that the company has approved accelerating a $500,000 Make-Whole Payment, originally scheduled for April 1, 2002, to January 15, 2002. The payment is part of his Employment Agreement and is intended to help him meet required stock ownership levels as an executive. The letter is signed by Douglas N. Daft and references approval by the Compensation Committee of the Board.

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EX-10.21.2 9 x10-21b.txt LETTER TO DEVAL L. PATRICK, DATED 1-4-02 EXHIBIT 21.2 January 4, 2002 Mr. Deval L. Patrick The Coca-Cola Company Atlanta, Georgia Dear Deval: As you are aware, as an executive of the Company you are required to meet certain stock ownership requirements. It is the Companys desire that you begin to take action to satisfy those stock ownership requirements. I am pleased to advise you that I recommended and the Compensation Committee of the Board approved my recommendation to accelerate from April 1, 2002 to January 15, 2002 the remaining Make-Whole Payment of $500,000 contemplated by your Employment Agreement. Sincerely /s/ Douglas N. Daft