Coca-Cola (KO) has issued an announcement.
The Coca-Cola Company’s Talent and Compensation Committee recently approved additional benefits for employees with certain stock and performance share units, to kick in if they face involuntary termination or engage in a voluntary separation program. These benefits ensure that qualifying employees will see their unvested shares continue to vest within 10 months of termination, with the caveat that performance criteria must still be met for performance shares. However, employees must agree to a release of claims and potentially a confidentiality and non-competition agreement to receive these benefits. This move brings the terms for awards granted in 2022 and 2023 in line with those issued in 2024.
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