EX-10.54



 Exhibit 10.54 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 This Agreement is made as of
November 19, 2010 between Constellation Brands, Inc., a Delaware corporation (“Constellation”), and John Ashforth (Jay) Wright (“Executive”). 
 Executive has contributed substantially to the growth and success of Constellation. Accordingly, Constellation desires to retain Executive’s services as set forth in the Agreement and to provide the
necessary consideration to assure such services. 
 Constellation and Executive therefore agree as follows: 

1. Employment. Constellation hereby employs Executive as its President, Constellation Wines North America or in such other senior
executive position with Constellation or its affiliates as Constellation and Executive shall mutually agree upon. Executive hereby accepts the employment specified herein, agrees to perform, in good faith, the duties, consistent with his position,
to abide by the terms and conditions described in this Agreement and to devote his full working time and best efforts to Constellation and its affiliates. These obligations shall not restrict Executive from engaging in customary activities as a
director or trustee of other business or not-for-profit organizations so long as such activities, in the reasonable opinion of Constellation or its Board of Directors, do not materially interfere with the performance of Executive’s
responsibilities under this Agreement or create a real or apparent conflict of interests. 
 2. Term. The term of this
Agreement shall commence on the date set forth above and shall expire on February 28, 2012, provided that on February 28, 2012, and on each subsequent anniversary thereof, the term shall automatically be extended by the parties for an
additional one-year period, until Constellation gives Executive notice, not less than 180 days prior to February 28, 2012, or an anniversary thereof, of a decision not to extend the Agreement for an additional one-year period. 

3. Compensation. During the term of Executive’s employment, Constellation shall pay him a base salary at the rate of $500,000
per annum or such greater amount as the Human Resources Committee of the Board shall determine (“Base Salary”). Such Base Salary shall be payable in accordance with Constellation’s standard payroll practices for senior executives.
Constellation may pay Executive a bonus in such amount and at such time or times as the Human Resources Committee of the Board shall determine. 
 4. Reimbursement for Expenses/Benefits. Executive shall be expected to incur various reasonable business expenses customarily incurred by persons holding like positions, including but not limited
to traveling, entertainment and similar expenses incurred for the benefit of Constellation. Constellation shall reimburse Executive for such expenses from time to time, at Executive’s request, and Executive shall account to Constellation for
such expenses. Executive shall participate in such benefit plans that are generally made available to all executives of Constellation. In the event (i) Executive’s employment is terminated by Executive for a Good








 
Reason Termination or by Constellation for any reason other than a For Cause Termination, (ii) Executive is not a United States citizen at the time of such termination, and
(iii) Executive informs Constellation, within ninety (90) days of such termination, of his desire to promptly relocate back to Canada, Constellation will provide reasonable relocation assistance to Executive and his family pursuant to
Constellation’s relocation policy then in effect. 
  

	5.	Definitions. 

 “Board” or “Board of Directors” means the Board of Directors of Constellation Brands, Inc. 
 “COBRA” means the continuation of health care rules of Part 6 of Title I of the Employee Retirement Income Security Act of 1974, as amended. 

“Code” means the Internal Revenue Code of 1986, as amended. 

“For Cause Termination” means Constellation terminates Executive for (1) any intentional, non-incidental
misappropriation of funds or property of Constellation by Executive; (2) unreasonable (and persistent) neglect or refusal by Executive to perform his duties as provided in Section 1 hereof and which he does not remedy within thirty days
after receipt of written notice from Constellation; (3) the material breach by Executive of any provision of Sections 8 or 10 which he does not remedy within thirty days after receipt of written notice from Constellation; or (4) conviction
of Executive of a felony. 
 “Good Reason Termination” means Executive terminates his employment under
this Agreement for “good reason” upon 30 days’ notice to Constellation given within 90 days following the occurrence of any of the following events without his consent, each of which shall constitute a “good reason” for such
termination; provided that the following events shall not constitute “good reason” if the event is remedied by Constellation within 30 days after receipt of notice given by Executive to Constellation specifying the event: 

(a) Constellation acts to materially reduce Executive’s employment band or materially reduce Executive’s duties
and responsibilities; 
 (b) Constellation materially reduces the amount of Executive’s Base Salary; or

 (c) Constellation materially breaches this Agreement. 

“Section 409A” means Section 409A of the Internal Revenue Code of 1986, as amended, and the Treasury
Department regulations and other authoritative guidance issued thereunder. 
 “Termination Date” means
the date of the Executive’s “separation from service” (within the meaning of Section 409A) from Constellation. 

  
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 6. Consequence of Termination or Expiration of Agreement. If (i) Executive
voluntarily ceases employment with Constellation and its affiliates, quits or terminates this Agreement for any reason other than a Good Reason Termination, or (ii) Constellation terminates the employment of Executive in a For Cause
Termination, then Executive’s rights and Constellation’s obligations hereunder shall forthwith terminate except that Executive shall be paid, as soon as administratively practicable after the Termination Date, all earned but unpaid base
salary, accrued paid time off and accrued but unreimbursed expenses required to be reimbursed under this Agreement. 
 If
Executive’s employment with Constellation and its affiliates terminates on the date that this Agreement expires or if, during the term of this Agreement, Executive’s employment with Constellation and its affiliates is terminated
(i) by Executive for a Good Reason Termination or (ii) by Constellation for any reason other than a For Cause Termination, then Executive shall be entitled to the following (which shall be in full and complete satisfaction of all of
Constellation’s obligations under this Agreement): 
 (a) Constellation shall pay to Executive all earned
but unpaid Base Salary, accrued paid time off and accrued but unreimbursed expenses required to be reimbursed under this Agreement; and 
 (b) Constellation shall pay to Executive a cash amount equal to two (2) times his Base Salary as in effect on the Termination Date plus two (2) times his Previous Bonus (as defined below). For
purposes of this Agreement, “Previous Bonus” shall equal the average annual cash bonus paid to Executive over the three most recently completed fiscal years, whether under Constellation’s Annual Management Incentive Plan or as part of
another annual cash bonus program; and 
 (c) Commencing on the first business day of the
month following the month in which the Termination Date occurs and for the 23 months following such date, Constellation shall pay Executive an amount equal to the monthly cost of Executive’s medical and dental coverage as of the Termination
Date taking into account both Constellation’s and Executive’s cost for such coverage; provided that the first payment shall not be made until the first business day occurring on or after the forty-fifth (45th) day following the Termination Date and the payment on that
date shall include all payments that would otherwise have been paid absent this forty-five (45) day delay; and 
 (d) For the eighteen (18) month period commencing on the first business day occurring on or after the forty-fifth (45th) day after the Termination Date, Constellation shall provide Executive with reasonable outplacement services; and

 (e) Constellation shall provide Executive with the opportunity to purchase continued health care coverage
under Constellation’s plans as required by COBRA; and 
 (f) Executive shall not be required to mitigate
damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise, nor will any payments hereunder be subject to offset in respect of compensation earned as a result of Executive’s employment with
another employer subsequent to the Executive’s termination with Constellation and its affiliates. 

  
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 7. Timing of Payments 

All payments under Section 6(a) shall be due and payable, as soon as administratively practicable after the Termination Date. All
payments under Section 6(b) shall be due and payable in a single lump sum amount on the first business day occurring on or after the forty-fifth (45th) day after the Termination Date. Payments or benefits set forth in Sections
6(c)-(d) shall be paid or provided at such times set forth therein. Notwithstanding any provision in this Agreement to the contrary, no amounts or benefits under Sections 6(b)-(d) shall be paid to Executive hereunder unless Executive
signs and executes a release substantially in the form attached hereto as Exhibit A and such release becomes effective and nonrevocable within forty-five (45) days after the Termination Date. 

Notwithstanding any provision in this Agreement to the contrary, in the event that Executive is a “specified employee” (within
the meaning of Section 409A) on the Termination Date and the Company determines that delaying the payment of amounts under this Agreement is necessary to comply with the requirements of Section 409A, the payments under Sections 6(b)
and 6(c) that would have otherwise been paid within the six month period after the Termination Date shall instead be paid on the first business day of the seventh month following the Termination Date. The timing of all payments and benefits under
this Agreement shall be made consistent with the requirements of Section 409A to the extent a payment or benefit is subject to such requirements. 
 8. Restrictive Covenant. 
 (a) Executive agrees that
(i) during the period of his employment hereunder and (ii) provided that Executive is entitled to the payment under Section 6(b) or is terminated due to a For Cause Termination, for a period of two (2) years after he ceases
employment, he will not, without the written consent of Constellation, seek or obtain a position with a Competitor (as defined below) in which Executive will use or is likely to use any confidential information or trade secrets of Constellation or
any affiliate of Constellation, or in which Executive has duties for such Competitor that involve Competitive Services (as defined below) and that are the same or similar to those services actually performed by Executive for Constellation or any
affiliate of Constellation. The parties agree that Executive may continue service on any boards of directors on which he is serving while employed by Constellation or its affiliates. If Executive’s employment is terminated by Executive for a
Good Reason Termination or by Constellation for any reason other than a For Cause Termination, then Constellation will not unreasonably withhold such consent provided Constellation receives information and assurances, satisfactory to Constellation,
regarding Executive’s new position. 

  
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 (b) Executive understands and agrees that the relationship between
Constellation and its affiliates and each of their respective employees constitutes a valuable asset of Constellation and its affiliates and may not be converted to Executive’s own use. Accordingly, Executive hereby agrees that (i) during
the period of his employment hereunder and (ii) for a period of twelve months (12) months after he ceases employment, Executive shall not directly or indirectly, on his own behalf or on behalf of another person, solicit or induce any
employee to terminate his or her employment relationship with Constellation or any affiliate of Constellation or to enter into employment with another person. The foregoing shall not apply to employees who respond to solicitations of employment
directed to the general public or who seek employment at their own initiative. 
 (c) For the purposes of this
Section 8, “Competitive Services” means the provision of goods or services that are competitive with any goods or services offered by Constellation or any affiliate of Constellation including, but not limited to manufacturing,
importing, exporting, distributing or selling wine, beer, liquor or other alcoholic beverages in the United States or Canada. The parties acknowledge that Constellation or its affiliates may from time to time during the term of this Agreement change
or increase the line of goods or services it provides and its geographic markets, and Executive agrees that this Agreement shall be deemed to be amended from time to time to include such different or additional goods, services, and geographic
markets to the definition of “Competitive Services” for purposes of this Section 8. “Competitor” means any individual or any entity or enterprise engaged, wholly or in part, in Competitive Services. 

(d) Executive agrees that, due to his position of trust and confidence, the restrictions contained in this Section 8
are reasonable, and the benefits conferred on him in this Agreement, including his compensation, are adequate consideration, and, since the nature of Constellation’s and its affiliates’ collective business is international in scope, the
geographic restriction herein is reasonable. 
 (e) Executive acknowledges that a breach of this Section 8
will cause irreparable injury and damage, which cannot be reasonably or adequately compensated by money damages. Accordingly, he acknowledges that the remedies of injunction and specific performance shall be available in the event of such a breach,
and Constellation shall be entitled to money damages, costs and attorneys’ fees, and other legal or equitable remedies, including an injunction pending trial, without the posting of bond or other security. Any period of restriction set forth in
this Section 8 shall be extended for a period of time equal to the duration of any breach or violation thereof. 
 (f) In the event of Executive’s breach of this Section 8, in addition to the injunctive relief described above, Constellation’s remedy shall include (i) the right to require Executive
to account for and pay over to Constellation all compensation, profits, monies, accruals, increments or other benefits derived or received by Executive as the result of any transactions constituting a breach of the restrictive covenants in this
Section 8, and (ii) in the case of a breach during the term of Executive’s employment hereunder, the termination of all compensation otherwise payable to Executive under Sections 3 and 4 with respect to the period of time after such
breach, or (iii) in the case of a breach during the period described in Section 8(a)(ii) or 8(b)(ii) above, the forfeiture to Constellation of any payment made under Sections 6(b) herein. 

  
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 (g) In the event that any provision of this Section 8 is held to be in
any respect an unreasonable restriction, then the court so holding may modify the terms thereof, including the period of time during which it operates or the geographic area to which it applies, or effect any other change to the extent necessary to
render this Section 8 enforceable, it being acknowledged by the parties that the representations and covenants set forth herein are of the essence of this Agreement. 
 9. Limitation on Payments. Notwithstanding anything contained in this Agreement or any other compensation plan to the contrary, if upon or following a change in the “ownership or effective
control” of Constellation or in the “ownership of a substantial portion of the assets” of Constellation (each within the meaning of Section 280G of the Code), the tax imposed by Section 4999 of the Code (the “Excise
Tax”) applies to any payments, benefits and/or amounts received by the Executive pursuant to this Agreement or otherwise, including, without limitation, any benefits received by the Executive as a result of any automatic vesting, lapse of
restrictions and/or accelerated target or performance achievement provisions, or otherwise, applicable to outstanding grants or awards to the Executive under any of Constellation’s incentive plans, including without limitation,
Constellation’s Long-Term Stock Incentive Plan (collectively, the “Total Payments”), then the Total Payments shall be reduced so that the maximum amount of the Total Payments (after reduction) shall be one dollar ($1.00) less than the
amount which would cause the Total Payments to be subject to the Excise Tax; provided that such reduction to the Total Payments shall be made only if the total after-tax benefit to the Executive is greater after giving effect to such reduction than
if no such reduction had been made. If such a reduction is required, the Company shall reduce or eliminate the Total Payments by eliminating or reducing the payment under Section 6(b) and then, if necessary eliminating or reducing the payment
under Section 6(c). In the case of reductions under Section 6(c) the payments shall be reduced in reverse order beginning with the payments which are to be paid the farthest in time. 

10. Trade Secrets and Confidential Information. Executive agrees that unless duly authorized in writing by Constellation, he will
neither during his employment by Constellation or its affiliates nor at any time thereafter divulge or use in connection with any business activity other than that of Constellation or its affiliates any trade secrets or confidential information
first acquired by him during and by virtue of his employment with Constellation or its affiliates. 
 11.
Indemnification. Constellation and its successors and/or assigns will indemnify, hold harmless, and defend Executive to the fullest extent permitted by the law of the State of Delaware and the Certificate of Incorporation and By-Laws of
Constellation as in effect on the date of this Agreement with respect to any claims that may be brought against Executive arising out of any action taken or not taken by Executive in his capacity as an employee, officer or director of Constellation.
In addition, Constellation will advance to Executive reasonable legal fees and expenses, as such fees and expenses are incurred by Executive, to the fullest extent permitted by law, subject only to any requirements as are imposed by law. Executive
shall not unreasonably withhold his consent to the settlement of any claim for monetary damages for which Executive is entitled to full indemnification hereunder. Executive shall be covered, in


  
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respect of his activities as an officer or director of Constellation, by any Directors and Officers liability policy or other similar policies maintained or obtained by Constellation or any of
its successors and/or assigns to the fullest extent permitted by such policies. Notwithstanding anything to the contrary contained in this Agreement, Executive’s rights under this Section 11 shall survive the Termination Date and the
expiration or termination of this Agreement and shall continue without limit for so long as Executive may be subject to any claims covered by this Section 11. No amendment to the Certificate of Incorporation or By-Laws of Constellation after
the date of this Agreement will affect or impair Executive’s rights under this Section 11 even with respect to any action taken or not taken by Executive after the effective date of any such amendment. 

12. Notice. Any and all notices referred to herein shall be sufficient if furnished in writing and sent by registered mail to the
parties. 
 13. Transferability. The rights, benefits and obligations of Constellation under this Agreement shall be
transferable, and all covenants and agreements hereunder shall inure to the benefit of and be enforceable by or against, its successors and assigns. Whenever the term “Constellation” is used in this Agreement, such term shall mean and
include Constellation Brands, Inc. and its successors and assigns. The rights and benefits of Executive under this Agreement shall not be transferable other than rights to property or compensation that may pass on his death to his estate or
beneficiaries through his will or the laws of descent and distribution and the terms of any Constellation compensation or benefit plan. 
 14. Severability. If any provision of this Agreement or the application thereof is held invalid or unenforceable, the invalidity or unenforceability thereof shall not affect any other provisions of
this Agreement which can be given effect without the invalid or unenforceable provision, and to this end the provisions of this Agreement are to be severable. 
 15. Amendment; Waiver. This Agreement contains the entire agreement of the parties with respect to the employment of Executive by Constellation and/or its affiliates and upon execution of this
Agreement supersedes any previous agreement with Constellation and/or its affiliates. No amendment or modification of this Agreement shall be valid unless evidenced by a written instrument executed by the parties hereto. No waiver by either party of
any breach by the other party of any provision or conditions of this Agreement shall be deemed a waiver of any similar or dissimilar provision or condition at the same or any prior or subsequent time. 

16. Tax Withholding. Constellation may withhold from any payments due to Executive hereunder such amounts as Constellation may
determine are required to be withheld under applicable federal, state and local tax laws. To the extent that there are no cash payments to withhold upon, Executive shall promptly remit to Constellation cash payments that are sufficient to cover all
applicable withholdings. 
 17. Section 409A. The parties intend that benefits under this Agreement are to be either
exempt from, or comply with, the requirements of Section 409A, and this Agreement shall be interpreted and administered in accordance with the intent that Executive not be subject to tax under Section 409A. If any provision of the
Agreement would otherwise conflict with or 

  
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frustrate this intent, that provision will be interpreted and deemed amended so as to avoid the conflict. Any reference in this Agreement to “terminates employment”, “employment
with Constellation and its affiliates terminates”, or similar phrase shall mean an event that constitutes a “separation from service” within the meaning of Section 409A. Constellation shall not be responsible for any tax,
penalty, interest or similar assessment imposed on Executive as a consequence of Section 409A. 
 18. Governing Law.
This Agreement shall be governed by and construed under and in accordance with the laws of the State of New York without regard to principles of conflicts of laws. 
 [signature page follows] 

  
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 IN WITNESS WHEREOF, the parties have executed this Executive Employment Agreement as of the date first set
forth above. 
  

			
	CONSTELLATION BRANDS, INC.
		
	By:	 	/s/ Robert Sands        
	Name:	 	Robert Sands
	Title:	 	President and Chief Executive Officer


  

	
	
	/s/ John Ashforth Wright         
	John Ashforth Wright



  
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 Exhibit A 
 FULL AND FINAL RELEASE OF CLAIMS 
 1. In consideration of the
payments provided for in Sections 6(b)-(d) of the Executive Employment Agreement (hereinafter referred to as the “Employment Agreement”) between CONSTELLATION BRANDS, INC. and JOHN ASHFORTH (JAY) WRIGHT (hereinafter
referred to as “Executive”), which is attached hereto and forms a part of this Full and Final Release of Claims, on behalf of himself, his heirs, administrators and assigns, Executive hereby releases and forever discharges Constellation
Brands, Inc., its subsidiaries and affiliates and each of its and their respective officers, directors, employees, servants and agents, and their successors and assigns, (hereinafter collectively referred to as “Constellation Released
Parties”) jointly and severally from any and all actions, causes of action, contracts and covenants, whether express or implied, claims and demands for damages, indemnity, costs, attorneys’ fees, interest, loss or injury of every nature
and kind whatsoever arising under any federal, state, or local law, or the common law, which Executive may heretofore have had, may now have or may hereinafter have in any way relating to any matter, including but not limited to, any matter related
to Executive’s employment by Constellation Released Parties and the termination of that employment; provided, however, nothing in this Full and Final Release of Claims shall release (i) Executive’s right to receive the payments or
benefits provided for in Sections 6(b)-(d) of the Employment Agreement, (ii) Executive’s vested benefits under Constellation Brands, Inc.’s pension plans or rights under any existing stock options held by Executive, or
(iii) any right to indemnification or advancement of expenses pursuant to Section 11 of the Employment Agreement or the Certificate of Incorporation or By-laws of Constellation Brands, Inc. (the items in the foregoing clauses
(i) through (iii) are hereinafter referred to as the “Preserved Rights”). 
 a. This
Full and Final Release of Claims covers, without limitation, any claims of discrimination, unlawful retaliation or harassment, or denial of rights, on the basis of any protected status, characteristic or activity, including, but not limited to, sex,
disability, handicap, race, color, religion, creed, national origin, ancestry, citizenship, ethnic characteristics, sexual orientation, marital status, military status, or age (including, without limitation, any right or claim arising under the Age
Discrimination in Employment Act), need for a leave of absence, or complaint about discrimination, harassment, or other matter, arising under any state, federal, or local law (whether statutory or common law), regulation or ordinance which may be
applicable to his employment by Constellation Released Parties. This Full and Final Release of Claims also covers, without limitation, any claims of wrongful termination, breach of express or implied contract, breach of implied covenant of good
faith and fair dealing, violation of public policy, intentional or negligent infliction of emotional distress, defamation, invasion of privacy, fraud or negligent misrepresentation, intentional or negligent interference with contractual relations,
and any other common law tort. Except to the extent that they constitute Preserved Rights, this Full and Final Release of Claims also covers any claims for severance pay, bonus, life insurance, health and medical insurance, disability benefits, or
any other fringe benefit, and claims related to any other transaction, 

  
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occurrence, act, or omission or any loss, damage or injury whatsoever, known or unknown, resulting from any act or omission by or on the part of Constellation Released Parties, or any of them,
committed or omitted prior to the date of this Full and Final Release of Claims. 
 b. Executive understands and
agrees that the giving of the aforementioned consideration is deemed to be no admission of liability on the part of the Constellation Released Parties. 
 c. In the event that Executive should hereafter make any claim or demand or commence or threaten to commence any action, claim or proceeding against the Constellation Released Parties for or by reason of
any cause, matter or thing other than a Preserved Right, this document may be raised as a complete bar to any such claim, demand or action. 
 2. By signing this Full and Final Release of Claims, Executive acknowledges that: 
 a. He has been afforded a reasonable and sufficient period of time to review, and deliberate thereon, and has been specifically urged by Constellation Released Parties to consult with legal counsel or a
representative of his choice before signing this Full and Final Release of Claims and that he has had a fair opportunity to do so; and 
 b. He has carefully read and understands the terms of this Full and Final Release of Claims; and 
 c. He has signed this Full and Final Release of Claims freely and voluntarily and without duress or coercion and with full knowledge of its significance and consequences, and of the rights and claims
relinquished, surrendered, released and discharged hereunder; and 
 d. He acknowledges he is not entitled to the
consideration described above in the absence of signing this Full and Final Release of Claims; and 
 e. The
consideration which he is receiving in exchange for his release of claims is of value to him; and 
 f. The only
consideration for signing this Full and Final Release of Claims are the terms stated herein, and no other promise, agreement or representation of any kind has been made to him by any person or entity whatsoever to cause him to sign this Full and
Final Release of Claims; and 
 g. He was offered a minimum period of at least twenty-one (21) days after
his receipt of this Full and Final Release of Claims to review and consider it and for deliberation thereon, and, to the extent he has elected to sign it prior to the expiration of the twenty-one (21) day period, he does so voluntarily on his
own initiative without any inducement or encouragement on the part of the Constellation Released Parties to do so. 

  
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 h. He understands that this Full and Final Release of Claims may be revoked
in writing by him at any time during the period of seven (7) calendar days following the date of his execution of this Full and Final Release of Claims by delivering such written revocation to
            , at his office located at             , New York
            . If such seven-day revocation period expires without his exercising his revocation right, the obligations of this Full and Final Release of Claims will then become fully
effective as more fully set forth herein. 
 IN WITNESS WHEREOF, Executive has hereunto executed this Full and Final
Release of Claims by affixing his hand this             day of             , 20    in the presence of the
witness whose signature is subscribed below. 
  

	
	
	 
	John Ashforth Wright


 Sworn to before me this 
             day of             , 20    . 

 
 Notary Public 

IN WITNESS WHEREOF,             has hereunto executed this Full and
Final Release of Claims on behalf of Constellation Brands, Inc., its subsidiaries, affiliates, by affixing [his/her] hand this             day of
            , 20    in the presence of the witness whose signature is subscribed below. 

	
	
	 
	[Name]
	[Title]


 Sworn to before me this 
             day of             , 20    . 

 
 Notary Public 

  
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