{"id":38510,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/amendment-to-1989-restricted-stock-award-plan-authorizing-the.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"amendment-to-1989-restricted-stock-award-plan-authorizing-the","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/amendment-to-1989-restricted-stock-award-plan-authorizing-the.html","title":{"rendered":"Amendment to 1989 Restricted Stock Award Plan Authorizing the Grant of Performance-Based Awards &#8211; Coca-Cola Co."},"content":{"rendered":"<pre>\nAMENDMENT TO THE COCA-COLA COMPANY 1989 RESTRICTED STOCK AWARD PLAN\nAUTHORIZING THE GRANT OF PERFORMANCE-BASED AWARDS\n\n\nThe Coca-Cola Company 1989 Restricted Stock Award Plan be, and it \nhereby is, amended effective October 18, 2000 by adding the following \nnew paragraph (d) to Section 5:\n\n(d) Performance-Based Awards.\n\n1. The Restricted Stock Subcommittee of the Board which shall be \ncomprised of two or more outside directors meeting the requirements of \nSection 162(m) of the Internal Revenue code of 1986, as amended (the \nCode)(the Subcommittee) may select from time to time, in its \ndiscretion, executive officers, senior vice-presidents and other key \nexecutives of the Company to receive awards of restricted stock under \nthe Plan, in such amounts as the Subcommittee may, in its discretion, \ndetermine (subject to any limitations provided in the Plan), the\nrelease of which will be conditioned upon the attainment of certain \nperformance targets (Performance-Based Awards).\n\n2. At the time of each grant, the Subcommittee shall determine the\nperformance targets and the Measurement Period (as defined below) that \nwill be applied with respect to such grant. Grants of Performance-Based \nAwards may be made, and the performance targets applicable to such \nPerformance-Based Awards may be determined, by the Subcommittee no \nlater than ninety days after the commencement of the Measurement \nPeriod. The performance criteria applicable to Performance-Based \nAwards will be one or more of the following criteria:\n\n(i) average annual growth in earnings per share; (ii) increase\nin share-owner value; (iii) earnings per share; (iv) net income;\n(v) return on assets; (vi) return on share-owners' equity; (vii)\nincrease in cash flow; (viii) operating profit or operating\nmargins; (ix) revenue growth of the Company; and (x) quality as\ndetermined by the Company's Quality Index.\n\nThe Measurement Period will be a period of years, determined by the \nSubcommittee in its discretion, commencing on the January 1 of the \nfirst year of the Measurement Period and ending on December 31 of the \nlast year of the Measurement Period. The Measurement Period will be \nsubject to adjustment as the Subcommittee may provide in the terms of \neach award.\n\n\n\n\n\n\n\n     3. Except as otherwise provided in the terms of the award, shares awarded\nin the form of Performance-Based Awards shall be eligible for release (the\nRelease Date) on the March 1 next following the completion of the Measurement\nPeriod.\n\n     4. Shares awarded in the form of Performance-Based Awards will be released\nonly if the Controller of the Company and the Subcommittee certify that the\nperformance targets have been achieved during the Measurement Period.\n\n     5. Performance-Based Awards granted pursuant to this Section 5(d) are\nintended to qualify as performance-based compensation under Section 162(m) of\nthe Internal Revenue Code of 1986, as amended, and shall be administered and\nconstrued accordingly.\n\n\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7137],"corporate_contracts_industries":[9421],"corporate_contracts_types":[9539,9545],"class_list":["post-38510","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-coca-cola-co","corporate_contracts_industries-food__beverages","corporate_contracts_types-compensation","corporate_contracts_types-compensation__esp"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/38510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=38510"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38510"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38510"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}