AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF COCA-COLA BOTTLERS’ SALES & SERVICES COMPANY LLCLimited Liability Company Operating Agreement • February 25th, 2020 • Coca-Cola Consolidated, Inc. • Bottled & canned soft drinks & carbonated waters • Delaware
The limited liability company interests in Coca-Cola Bottlers’ Sales & Services Company LLC created and issued under this Agreement (the “Interests”) are subject to the restrictions on transfer and other terms and conditions set forth in this Agreement.
Amended and Restated Effective January 1, 2018)Coca-Cola Consolidated, Inc. • February 25th, 2020 • Bottled & canned soft drinks & carbonated waters • Delaware
Coca-Cola Bottling Co. Consolidated maintains the Coca-Cola Bottling Co. Consolidated Long-Term Performance Plan to (i) recognize and reward certain officers and employees of the Participating Companies for achieving performance goals reflective of the Participant Companies’ long range plan and longer term success, (ii) provide the ability for such officers and employees and non-employee directors to receive long-term awards payable in Common Stock and (iii) promote the Participating Companies’ ability to hire and retain management talent by ensuring that total pay opportunities remain competitive, yet affordable. The Plan, as amended and restated effective January 1, 2017, is being further amended and restated by this instrument to address changes made to Section 162(m) of the Internal Revenue Code by the Tax Cuts and Jobs Act.
