Letter to Steven J. Heyer Regarding Acceleration of Deferred Sign-On Payment

Contract Categories: Human Resources › Compensation Agreements
Summary

This letter from The Coca-Cola Company to executive Steven J. Heyer notifies him that the company has approved accelerating his $500,000 Deferred Sign-On Payment, moving the payment date from April 1, 2002 to January 15, 2002. The letter also reminds Mr. Heyer of his obligation to meet certain stock ownership requirements as part of his employment. The approval was made by the Compensation Committee based on a recommendation from the company's leadership.

Read More Arrow
EX-10.22.2 11 x10-22b.txt LETTER TO STEVEN J. HEYER, DATED 1-4-02 January 4, 2002 Mr. Steven J. Heyer The Coca-Cola Company Atlanta, Georgia Dear Steve: As you are aware, as an executive of the Company you are required to meet certain stock ownership requirements. It is the Company's 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 Deferred Sign-On Payment of $500,000 contemplated by your Employment Agreement. Sincerely /s/ Douglas N. Daft