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                                                                   EXHIBIT 10.29

(COTT LOGO)

December 13, 2006

WITHOUT PREJUDICE

DELIVERED VIA EMAIL TO: hycoray@aol.com

B. Clyde Preslar

Dear Mr. Preslar:

Re: Cott Corporation ("Cott") - Termination of Employment Services

We are writing to notify you that your employment services with Cott are hereby
terminated without cause, effective December 1, 2006.

Cott appreciates your contribution to the corporation and with a view to
resolving all matters on an amicable basis, has prepared the following severance
arrangements, which are in accordance with your July 22, 2005 Employment
Agreement in the event of a without-cause termination.

The severance arrangements are as follows:

1.   DATE OF TERMINATION

The effective date of termination of services was December 1, 2006 (the
"Termination Date").

2.   ACCRUED SALARY AND VACATION PAY

You will be paid your salary and accrued vacation pay to the Termination Date.
These payments will be less applicable statutory deductions and withholdings and
paid in a lump-sum payment during the next pay period immediately following the
Termination Date.

3.   TERMINATION OF SERVICES PAYMENT AND OUT-PLACEMENT

We have agreed to pay you a lump-sum payment in connection with salary and bonus
entitlements equal to $1,485,000.00, less applicable statutory withholdings and
deductions, to be paid on the later of (a) a date that falls between January 1,
2007 and January 5, 2007 and (b) within five (5) business days following the
expiry of the revocation period as set out in section 11 (d) herein.

In addition, we will pay for the out of pocket cost of the following
outplacement services for a maximum of six (6) months with Right Management
Consultants: EXECUTIVE SERVICE

4.   BENEFITS

We confirm that all benefits entitlement ceases as of the Termination Date and
that you have no further entitlement to any benefits beyond the Termination Date
other than any rights under applicable law to purchase continuation coverage
under Cott's group health plan.

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5.   EXPENSES

To the extent that you have incurred any proper travel, entertainment or other
business expenses, you will be reimbursed in accordance with Cott's policy. All
expense reports must be submitted within 30 days of your Termination Date.

6.   STOCK OPTIONS/SHARE PURCHASE PLAN/401K PLAN

All of your rights with respect to vested stock options and vested performance
share units that you hold personally will continue after the termination of your
employment, subject of course to the provisions of the Cott's Restated 1986
Common Share Option Plan as amended (the "Option Plan"), for 60 days following
the Termination Date, and thereafter such options and share units shall be null
and void.

All other rights under Cott's share purchase plans and other long-term incentive
plans, including, without limitation, all rights to unvested shares under the
Cott Corporation Executive Incentive Share Purchase Plan, 401k Plan, and all
rights under Cott's Performance Share Unit Plan, shall terminate on the
Termination Date in accordance with those plans.

7.   NO OTHER PAYMENTS

The payments and other entitlements set out in this letter constitute your
complete entitlement and Cott's complete obligations whatsoever, including with
respect to the cessation of your employment, whether at common law, statute or
contract. For greater certainty, we confirm that you are not entitled to any
further payment (including any bonus payments), benefits, perquisites,
allowances or entitlements earned or owing to you from Cott pursuant to any
employment or any other agreement, whether written or oral, whatsoever, all
having ceased on the Termination Date without further obligation from Cott. All
amounts paid to you pursuant to this letter shall be deemed to include all
amounts owing pursuant to the Employment Standards Act, 2000, and such payments
represent a greater right or benefit than that required under the Employment
Standards Act, 2000.

8.   RESIGNATION & RELEASE

You will resign as an officer and director of Cott (and any direct and indirect
affiliates, subsidiaries and associated companies) with effect as of the
Termination Date. In this respect, you agree to execute and deliver the
Resignation Notice attached hereto as Schedule "1" and such further
documentation as may be required by Cott, in its sole discretion, in order to
effect this resignation. You agree to sign the Release in the form attached as
Schedule "2" to this letter, which as set forth in your Employment Agreement is
a condition precedent to any severance payments.

9.   YOUR CONTINUING OBLIGATIONS

          (a)  You will continue to abide by all of the applicable provisions of
               your Employment Agreement, and the "Confidentiality Undertaking
               and Restrictive Covenant" dated July 22, 2005 ("the
               Confidentiality Agreement"), which are intended to continue
               following the cessation of your employment, including but not
               limited to the Confidentiality, Non-Solicitation, and Non-
               Competition covenants provided in Articles 1 and 5 of the
               Confidentiality Agreement, which in the case of the
               confidentiality covenant continues forever, and in the case of
               the Non-Solicitation and Non-Competition covenants, will apply
               for a period of twenty-four (24) months from the Termination
               Date.

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          (b)  You are required to return forthwith to Cott all of the property
               of Cott in your possession or in the possession of your family or
               agents including, without limitation, other wireless devices and
               accessories, computer and office equipment, keys, passes, credit
               cards, customer lists, sales materials, manuals, computer
               information, software and codes, files and all documentation (and
               all copies thereof) dealing with the finances, operations and
               activities of Cott, its clients, employees or suppliers. You
               shall be entitled to retain your cell phone provided all ongoing
               usage charges and invoices relating thereto from the date hereof
               shall be from your own account. It is your responsibility to make
               all of the necessary arrangements to effect the transfer of the
               usage charges to your own personal account as soon as possible,
               and in any event, within 10 days from the Termination Date. Cott
               acknowledges that you have returned your blackberry and computer.

          (c)  You will maintain the severance arrangements as set out in this
               letter in the strictest confidence and will not disclose them
               except to your immediate family, or to the extent that such
               disclosure may be required by law, or to permit you to obtain tax
               planning, legal or similar advice. Cott will also keep the terms
               of the settlement confidential, except to Cott's professional
               advisors, or to the extent that such disclosure may be required
               by law.

          (d)  You will agree to cooperate reasonably with Cott, and its legal
               advisors, at Cott's request, direction and reasonable cost, in
               connection with: (i) any Cott business matters in which you were
               involved during your employment with Cott; or (ii) any existing
               or potential claims, investigations, administrative proceedings,
               lawsuits and other legal and business matters which arose during
               your employment involving Cott; (iii) effecting routine
               administrative compliance with respect to any regulatory
               requirements that were applicable to Cott during the period of
               your employment; and (iv) completing any further documents
               required to give effect to the terms set out in this letter with
               respect to which you have knowledge of the underlying facts.

10.  TAXES

All payments referred to in this letter will be less applicable withholdings and
deductions, and you shall be responsible for all tax liability resulting from
your receipt of the payment and benefits referred to in this letter, except to
the extent that Cott has withheld funds for remittance to statutory authorities.


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11.  GENERAL

     (a)  Entire Agreement: The agreement confirmed by this letter and the
          attached schedules constitutes the entire agreement between you and
          Cott with reference to any of the matters herein provided or with
          reference to your employment or office with Cott, or the cessation
          thereof. All promises, representations, collateral agreements, offers
          and understandings not expressly incorporated in this letter agreement
          are hereby superseded and have no further effect.

     (b)  Severability: The provisions of this letter agreement shall be deemed
          severable, and the invalidity or unenforceability of any provision set
          out herein shall not affect the validity or enforceability of the
          other provisions hereof, all of which shall continue in accordance
          with their terms.

     (c)  Period of Review: You have twenty-one (21) days from the date set
          forth above to consider this letter agreement, including attachments.
          No change to this letter agreement, whether material or immaterial,
          will initiate a new twenty-one (21) day period. If you so desire, you
          may voluntarily and knowingly sign, but are not required to sign, this
          letter agreement before the end of the twenty-one (21) day period.

     (d)  Right to Revoke: You may revoke your acceptance of this letter
          agreement at any time before the end of the seventh day after your
          execution of the letter. In order for your revocation to be effective,
          you must provide written notice of your intent to revoke to Sher Zaman
          at the following address prior to the end of the seventh day after
          execution:

                                Cott Corporation
                        207 Queen's Quay West, Suite 340
                               Toronto, ON M5J 1A7

          You understand that, in the event you revoke this letter agreement, it
          shall be of no effect, and you shall forfeit all of the consideration
          which is being provided to you in exchange for their entering into
          this letter agreement, including but not limited to Cott's promise to
          make the payments described herein.

     (e)  Full Understanding: By signing this letter, you confirm that: (i) you
          have had an adequate opportunity to read and consider the terms set
          out herein, including the Release attached, and that you fully
          understand them and their consequences; (ii) you have been advised,
          through this paragraph, to consult with legal counsel and have
          obtained such legal or other advice as you consider advisable with
          respect to this letter agreement, inducting attachments; and (iii) you
          are signing this letter voluntarily, without coercion, and without
          reliance on any representation, express or implied, by Cott, or by any
          director, trustee, officer, shareholder, employee or other
          representative of Cott.

     (f)  Arbitration: In the event any dispute arises between you and Cott with
          respect to the interpretation, effect or construction of any
          provisions of this Agreement, either Cott or you may refer the matter
          to final and binding arbitration without right of


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          appeal, pursuant to the Arbitration Act, Ontario, for the disputed
          matters to be determined by an arbitrator that is to be mutually
          agreed upon, upon written notice to the other, whereupon, subject to
          the availability of such an arbitrator, the arbitration hearing will
          commence within 30 days of the said notice, without formality, with
          the costs of the arbitration to be shared equally between the parties,
          subject to such order for costs as the arbitrator may determine in his
          or her sole discretion.

     (g)  Currency: All dollar amounts set forth or referred to in this letter
          refer to U.S. currency.

     (h)  Governing Law: The agreement confirmed by this letter shall be
          governed by the laws of the Province of Ontario, Canada.

                                      * * *

If this offer is acceptable to you once you have had an opportunity to review
it, please sign the acknowledgement below to confirm your acceptance of same and
return to Abilio Gonzalez.

If you have any questions regarding the terms set out in this letter, please
feel free to contact Abilio Gonzalez.

Yours very truly,

COTT CORPORATION

PER:


/s/ Abilio Gonzalez
-------------------------------------

Enclosures:

1. Schedule "1" - Resignation Notice

2. Schedule "2" - Release

Acknowledgement and Acceptance

I acknowledge having been provided at least twenty-one (21) days to review this
letter and the attached Release and Resignation Notice. I also acknowledge that
I have been advised, by this paragraph, and have had the opportunity to obtain
independent legal advice and that the only consideration for the Release is as
referred to in this letter. I confirm that no other promises or representations
of any kind have been made to me to cause me to sign this acknowledgement and
acceptance.


/s/ B. Clyde Preslar                    12/14/06
-------------------------------------   ---------------
B. Clyde Preslar                        Date


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                                  SCHEDULE "1"

                               RESIGNATION NOTICE

TO:       COTT CORPORATION

AND TO:   ALL DIRECT AND INDIRECT AFFILIATES, SUBSIDIARIES AND ASSOCIATED
          COMPANIES THEREOF

AND TO:   ALL DIRECTORS THEREOF

I, B. CLYDE PRESLAR confirm my resignation as a director and from all offices
held by me of COTT CORPORATION, including all direct and indirect affiliates,
subsidiaries, and associated companies, with effect as of December 1, 2006.


                                        /s/ B. Clyde Preslar
                                        ----------------------------------------
                                        B. CLYDE PRESLAR


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                                  SCHEDULE "2"

                                    RELEASE

FROM:   B. CLYDE PRESLAR ("PRESLAR")

TO:     COTT CORPORATION ("COTT"), ITS RESPECTIVE DIRECT AND INDIRECT
        AFFILIATES, ASSOCIATES, SUBSIDIARIES, PARENTS AND RELATED ORGANIZATIONS
        AND ALL OF THEIR RESPECTIVE PAST AND PRESENT SHAREHOLDERS, PARTNERS,
        DIRECTORS, OFFICERS, EMPLOYEES, CONTRACTORS, CONSULTANTS, AGENTS,
        REPRESENTATIVES, TRUSTEES, ADMINISTRATORS, ATTORNEYS AND INSURERS (ALL
        COLLECTIVELY REFERRED TO AS "RELEASEES")

1.   In consideration of the terms as set out in the letter from Cott to Preslar
     dated December 13, 2006 (the "Agreement"), the receipt and sufficiency of
     which consideration are hereby acknowledged, and except for the obligations
     owed to Preslar and referred to in the Agreement, Preslar hereby remises,
     releases and forever discharges Cott and the other Releasees of and from
     all manner of actions, causes of action, suits, debts, dues, accounts,
     bonds, contracts, liens, claims and demands whatsoever which against the
     Releasees he now has, ever had or hereafter can, shall or may have for or
     by reason of any cause, matter or thing whatsoever existing to the present
     time, and particularly and without limiting the generality of the
     foregoing, of and from all claims and demands of every nature and kind in
     any way related to or arising from Preslar's employment or other engagement
     with Cott or the termination of such employment, engagement or other
     agreements, including all damages, salary, remuneration, commission,
     vacation pay, overtime pay, termination pay, severance pay, notice of
     termination, profit-sharing, stock options or other equity, bonuses,
     proceeds of any insurance or disability plans, pension or retirement
     benefits, or any other fringe benefit or perquisite of any kind whatsoever
     and including any claims Preslar may have under any United States, Canada,
     state, province, or local statute or ordinance, including without
     limitation the U.S. Age Discrimination In Employment Act, the U.S. Civil
     Rights Acts of 1964 and 1991, the U.S. Family and Medical Leave Act ,the
     U.S. Employment Retirement Income Security Act ("ERISA "); the Florida
     Civil Rights Act of 1992; any contract or agreement (except the Agreement);
     and any common law principle. The payments, benefits, and other
     entitlements referred to in the Agreement arc deemed to satisfy all
     requirements or money owing under all applicable laws including without
     limitation, any and all wages, vacation pay, termination and severance pay
     under the Employment Standards Act, 2000.

2.   Preslar confirms that the Agreement has been entered into by the parties
     for the purposes of fully and finally settling and compromising all
     possible claims that Preslar might have against the Releasees and,
     therefore, in this respect, Preslar covenants and agrees not to file any
     complaint or initiate any proceeding under the Employment Standards Act,
     2000, under the Ontario Human Rights Code, under the Workplace Safety and
     Insurance Act, under the Occupational Health & Safety Act, under the Labour
     Relations Act, under the Pay EquiAct, or pursuant to any other applicable
     law or legislation, including the statutes and laws set forth and/or
     referenced in the preceding paragraph, in any jurisdiction governing or
     related to Preslar's employment or other engagement with Cott.

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     In the event that Preslar hereafter makes any claim or demand or commences
     or threatens to commence any action, claim or proceeding or to make any
     complaint against Cott in this respect, this Release may be raised as an
     estoppel and complete bar to any such action, claim or proceeding. Preslar
     confirms that he has no right to re-instatement, re-call or re-employment
     with any of the Releasees, and Preslar waives and releases all rights he
     had or may have had in this regard. This paragraph shall not release any
     rights that may not legally be waived.

3.   Preslar further agrees not to make or assist in the commencement of any
     claims (expressly including any cross-claim, counterclaim, third party
     action or application) against any other person or corporation who might
     claim contribution or indemnity against the persons or corporations
     discharged by this Release, including under the provisions of the
     Negligence Act or any other statute.

4.   With the exception of disclosure to Preslar's immediate family or to his
     legal or professional advisors (but provided any such person agrees not to
     disclose such information to any other person), Preslar agrees that the
     terms and contents of this Release, the consideration included in the
     Agreement, the contents of the negotiations and discussions resulting in
     this Release, and any dispute resolved by this Release, shall all remain
     privileged and confidential and shall not be disclosed except to the extent
     required by law or as otherwise agreed to in writing by Cott.

5.   This Release shall be binding upon Preslar and his heirs, executors,
     administrators, successors and assigns and shall ensure to the benefit of
     Cott and to the benefit of all of the Cott's heirs, executors,
     administrators, successors and assigns.

6.   Preslar acknowledges that he has had an opportunity to review this Release
     for no less than twenty-one (21) days and the right to revoke his
     acceptance of the Release for a period of seven (7) days after his
     execution of the Release. Preslar also acknowledges that he has been
     advised to and has in fact obtained independent legal advice and that the
     only consideration for this Release is as referred to above. Preslar
     further confirms that no other promises or representations of any kind have
     been made to Preslar to cause him to sign this Release.

7.   Preslar acknowledges that this Release, the settlement of any dispute
     between Preslar and Cott, or the payment of any monies to Preslar, shall
     not constitute an admission of liability on the part of Cott, which
     liability is denied.

8.   Preslar agrees that he alone shall be responsible for all tax liability
     resulting from his receipt of the payments referred to in the Agreement,
     except to the extent that Cott has withheld funds for remittance to
     statutory authorities. Preslar agree to indemnify and save Cott harmless
     from any and all amounts payable or incurred by Cott (save and except any
     penalties and interest that are attributable to Cott's not having deducted
     sufficient funds by its own direction) if it is subsequently determined
     that any greater amount should have been withheld in respect of income tax
     or any other statutory withholding.

9.   Notwithstanding the foregoing or anything herein to the contrary, this
     Release in no way releases Cott or any of the other Releasees from any
     indemnification obligations such


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     party or parties may hereafter have with respect to Preslar as provided for
     in, and subject to all limitations of, the charter documents, by laws or
     other agreements or documents of such parties, or by law, as the case may
     be, as of the date hereof, all of which shall continue to at least the same
     extent as currently exist with respect to Cott's directors and/or most
     senior officers.

SIGNED, SEALED AND DELIVERED THIS 14TH DAY OF DECEMBER, 2006


/s/ Beverly S. Weaver                   /s/ B. Clyde Preslar
-------------------------------------   ----------------------------------------
Witness                                 B. CLYDE PRESLAR


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