Coca Cola 2015 Annual Report Download - page 186
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 |
 |
2013-2015 PSU Plan
• You continue to be eligible for a payment, if any, under this program based on performance. However, please note that this plan is not
currently expected to pay out.
•
2014-2016 PSU Plan
•The award shall be prorated for the number of months you work during the performance period (for example, 27/36ths for a
Separation Date of March 31, 2016). The award remains subject to the performance criteria. The remaining shares will be forfeited.
•
2015-2017 PSU Plan
•Provided you remain employed at least through twelve months from the date of grant, the award shall be prorated for the number
of months you work during the performance period (for example,15/36ths for a Separation Date of March 31, 2016). The award
remains subject to the performance criteria. The remaining shares will be forfeited.
•
1. Your retirement benefits will consist of those benefits you have accrued under the standard terms and conditions of the plans in which you
participate and in which benefits are vested as of your Separation Date.
2. You will continue to be reimbursed up to $10,000 per year in financial planning and related expenses incurred by you annually up through your
Separation Date.
3. The Company will provide at its expense outplacement services through a designated services provider.
4. The terms and conditions in this letter are further conditioned upon your signing and adhering to the attached Full and Complete Release and
Agreement on Competition, Trade Secrets and Confidentiality.
Alex, thank you again for your many years of dedicated service to the Company. Please contact Ceree Eberly should you have any additional questions
regarding the terms of this letter or the terms of any of the benefit plans.
Sincerely,
/s/
Muhtar Kent
Chief Executive Officer
Agreed to and accepted this 23rd day of December, 2015.
/s/ Alex Cummings
Attachments
cc: Ceree Eberly