Coca Cola 2015 Annual Report Download - page 179
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2. Upon death or the Disability of a Member, or in the event of a Change of Control, the Member shall be 100% vested in his or
her Company Discretionary Contribution Subaccounts, unless otherwise provided by the Company or Compensation
Committee, where applicable, at the time the contribution to the applicable subaccount is made.
ARTICLE V
PAYMENT OF ACCOUNTS
Benefits under the Plan may be made only in the form and upon occurrence of the events specified in this section.
5.1 Form of payment. All benefits under this Plan shall be paid in a single lump sum.
5.2 Distribution events and time of payment.
(a) Separation from Service - U.S. Taxpayers. Upon a Member’s Separation from Service, his vested Account balance
attributable to contributions received while a U.S. Taxpayer shall be paid to the Member on the last business day of the
third month following the month in which the Member has a Separation from Service. Notwithstanding the foregoing,
the Account of a Specified Employee shall be paid on the last business day of the sixth month following the month in
which the Specified Employee has a Separation from Service.
(b) Separation from Service - Non-U.S. Taxpayers. Upon a Member’s termination of employment from an Employer and
an Affiliate, his vested Account balance shall be paid to the Member on the last business day of the third month
following the month in which the Member has a Separation from Service. For example, if a Member terminates with an
Employer and begins employment with an Affiliate, there is no Separation of Service until the Member is no longer
providing services to an Affiliate. Notwithstanding the foregoing, the Account of a Specified Employee shall be paid on
the last business day of the sixth month following the month in which the Specified Employee has a Separation from
Service.
(c) Death. In the event of a Member’s death, his vested Account balance shall be paid to his Beneficiary on the last
business day of the second month following the month of the Member’s death.
(d) Disability. In the event of a Member’s Disability, his vested Account balance shall be paid to the Member on the last
business day of the third month following the month in which the Member is Disabled.
1. Other terms and conditions of payment.
(a) Neither Members nor any other persons shall have any rights to payments or benefits of any kind under this Plan until
such payments or the payment of benefits have actually been made.