The $3.5 million figure represents a $500,000 improvement on Daft’s 2000 bonus but he could be in line to earn considerably more from a performance-based restricted stock award. He will receive $47.9 million in restricted stock if Coca-Cola records annual growth of 16% in earnings per share through to 2005. Daft, 58, will receive half of the award if the company shows EPS growth of 11% and a further $29.1 million in restricted shares if he remains chairman until 2005.

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