Document:

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                                                                    EXHIBIT 10.4
                     CONFIDENTIALITY & RESTRICTIVE COVENANTS

1.    CONFIDENTIALITY.

      (a) The Executive acknowledges that in the course of carrying out,
performing and fulfilling his obligations to the Corporation hereunder, the
Executive will have access to and will be entrusted with information that would
reasonably be considered confidential to the Corporation or its Affiliates, the
disclosure of which to competitors of the Corporation or its Affiliates or to
the general public, will be highly detrimental to the best interests of the
Corporation or its Affiliates. Such information includes, without limitation,
trade secrets, know-how, marketing plans and techniques, cost figures, client
lists, software, and information relating to employees, suppliers, customers and
persons in contractual relationship with the Corporation. Except as may be
required in the course of carrying out his duties hereunder, the Executive
covenants and agrees that he will not disclose, for the duration of this
Agreement or at any time thereafter, any of such information to any person,
other than to the directors, officers, employees or agents of the Corporation
that have a need to know such information, nor shall the Executive use or
exploit, directly or indirectly, such information for any purpose other than for
the purposes of the Corporation, nor will he disclose nor use for any purpose,
other than for those of the Corporation or its Affiliates any other information
which he may acquire during his employment with respect to the business and
affairs of the Corporation or its Affiliates. Notwithstanding all of the
foregoing, the Executive shall be entitled to disclose such information if
required pursuant to a subpoena or order issued by a court, arbitrator or
governmental body, agency or official, provided that the Executive shall first
have:

            (i)   notified the Corporation;

            (ii)  consulted with the Corporation on the advisability of taking
                  steps to resist such requirements;

            (iii) if the disclosure is required or deemed advisable, cooperate
                  with the Corporation in an attempt to obtain an order or other
                  assurance that such information will be accorded confidential
                  treatment.

      (b) For the purposes of this Agreement, "Affiliate" shall mean, with
respect to any person or entity (herein the "first party"), any other person or
entity that directs or indirectly controls, or is controlled by, or is under
common control with, such first party. The term "control" as used herein
(including the terms "controlled by" and "under common control with") means the
possession, directly or indirectly, of the power to: (i) vote 50% or more of the
outstanding voting securities of such person or entity, or (ii) otherwise direct
or significantly influence the management or policies of such person or entity
by contract or otherwise.

2.    INVENTIONS. The Executive acknowledges and agrees that all right, title
and interest in and to any information, trade secrets, advances, discoveries,
improvements, research materials and data bases made or conceived by the
Executive prior to or during his employment relating to the business or affairs
of the Corporation, shall belong to the Corporation. In

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connection with the foregoing, the Executive agrees to execute any assignments
and/or acknowledgements as may be requested by the board of directors from time
to time.

3.    CORPORATE OPPORTUNITIES. Any business opportunities related to the
business of the Corporation which become known to the Executive during his
employment hereunder must be fully disclosed and made available to the
Corporation by the Executive, and the Executive agrees not to take or attempt to
take any action if the result would be to divert from the Corporation any
opportunity which is within the scope of its business.

4.    RESTRICTIVE COVENANTS

      (a)   The Executive will not at any time, without the prior written
consent of the Corporation, during the Term of this Agreement or for a period of
24 months after the termination of this Agreement or the Executive's employment
(regardless of the reason for such termination), either individually or in
partnership, jointly or in conjunction with any other person or persons, firm,
association, syndicate, company or corporation, whether as agent, shareholder,
employee, consultant, or in any manner whatsoever, directly or indirectly:

            (i)   anywhere in the Territory, engage in, carry on or otherwise
                  have any interest in, advise, lend money to, guarantee the
                  debts or obligations of, permit the Executive's name to be
                  used in connection with any business which is competitive to
                  the Business or which provides the same or substantially
                  similar services as the Business;

            (ii)  for the purpose of competing with any business of the
                  Corporation, solicit, interfere with, accept any business from
                  or render any services to anyone who is a client or a
                  prospective client of the Corporation or any Affiliate at the
                  time the Executive ceased to be employed by the Corporation or
                  who was a client during the 12 months immediately preceding
                  such time;

            (iii) solicit or offer employment to any person employed or engaged
                  by the Corporation or any Affiliate at the time the Executive
                  ceased to be employed by the Corporation or who was an
                  employee during the 12 month period immediately preceding such
                  time.

      (b)   For the purposes of this Agreement:

            (i)   "Territory" shall mean Canada, the United States and the
                  United Kingdom;

            (ii)  "Business" shall mean the business of manufacturing, selling
                  and distributing non-alcoholic beverages.

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      (c)   Nothing in this Agreement, shall prohibit or restrict the Executive
from holding or becoming beneficially interested in up to one (1%) percent of
any class of securities in any corporation provided that such class of
securities are listed on a recognized stock exchange in Canada or the United
States.

5.    GENERAL PROVISIONS

      (a)   The Executive acknowledges and agrees that in the event of a breach
of the covenants, provisions and restrictions in this document, the
Corporation's remedy in the form of monetary damages will be inadequate and that
the Corporation shall be and is hereby authorized and entitled, in addition to
all other rights and remedies available to it, to apply for and obtain from a
court of competent jurisdiction interim and permanent injunctive relief and an
accounting of all profits and benefits arising out of such breach.

      (b)   The parties acknowledge that the restrictions in this document are
reasonable in all of the circumstances and the Executive acknowledges that the
operation of restrictions contained in this document may seriously constrain his
freedom to seek other remunerative employment. If any of the restrictions are
determined to be unenforceable as going beyond what is reasonable in the
circumstances for the protection of the interests of the Corporation but would
be valid, for example, if the scope of their time periods or geographic areas
were limited, the parties consent to the court making such modifications as may
be required and such restrictions shall apply with such modifications as may be
necessary to make them valid and effective.

      (d)   Each and every provision of these Sections 1, 2, 3, 4 and 5 shall
survive the termination of this Agreement or the Executive's employment
hereunder (regardless of the reason or such termination).

Signed this 16th day of October, 2000.

/s/ Ray Silcock
--------------------------------------
Ray Silcock

                                       3<PAGE>

                                                                   EXHIBIT 10.14
                                COTT CORPORATION

                    EXECUTIVE INVESTMENT SHARE PURCHASE PLAN

                                    ARTICLE I

                      PURPOSE AND ESTABLISHMENT OF THE PLAN

1.1 Purpose and Effective Date. The Company hereby establishes a Plan for the
purposes of rewarding certain Employees of Cott Corporation and its affiliates
for exceeding their respective annual performance objectives and to which
contributions for such purpose will be made by or on behalf of the Company and
its affiliates.

1.2 Shareholder Approval. Notwithstanding Section 1.1 the Plan shall not be
deemed effective unless it is approved by a majority of the Company's
shareholders at the Company's next annual shareholder meeting held after the
Effective Date.

1.3 Formula Plan. The Plan is intended as a "formula plan" within the meaning of
the NYSE shareholder approval rules that were approved by the Securities and
Exchange Commission on June 30, 2003, and contains an evergreen formula for
annual increases in the total number of Common Shares that can be purchased for
Benefiting Active Participants if they achieve subsequent years' annual
performance objectives.

1.4 Plan Document. Each new Active Participant shall be given a copy of the Plan
document. Thereafter, Participants may request a copy of the Plan document and
any amendments thereto from the Committee.

                                   ARTICLE II

                                   DEFINITIONS

The following capitalized terms shall have the meanings set forth in this
Article II. Any use of the singular shall include the plural and the plural the
singular, as applicable to the context in which the terms are used.

2.1 "Active Participant" means an Eligible Employee who has been designated by
the Committee as eligible to participate in the Plan for the Fiscal Year.

2.2 "Annual Performance Objectives" means, with respect to each Fiscal Year, the
performance objectives established by the Committee for an Eligible Employee,
which objectives may be amended from time to time by the Committee in its sole
discretion.

2.3 "Benefit Amount" means the amount (stated in terms of Canadian dollars)
determined by the Committee, in its sole discretion, as the benefit granted
under the Plan to a Benefiting Active Participant for a Fiscal Year.

2.4 "Benefiting Active Participant" means with respect to a Fiscal Year, an
Active Participant who remains employed by an Employer as of such Fiscal Year
End and who exceeded 100% of his or her Annual Performance Objectives for that
Fiscal Year, as determined by the Committee.

2.5 "Board" means the board of directors of the Company.

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2.6 "Committee" means the Human Resources and Compensation Committee of the
Board.

2.7 "Common Shares" means whole or fractional common shares in the capital of
the Company.

2.8 "Company" means Cott Corporation, a corporation amalgamated under the laws
of Canada.

2.9 "EISP Custodial Fund" means the trust fund established under the Executive
Investment Share Purchase Plan Custodial Trust Agreement.

2.10 "EISP Custodial Trust Agreement" means the agreement, as amended and
restated effective January 4, 2004 (formerly known as the Employee Savings Plan
Trust Agreement that was originally effective January 2, 2002), by and among the
Company, the Trustee, and the Agent (as defined therein) pursuant to which the
Vested Shares and any income attributable thereto are held by the Trustee.

2.11 "Effective Date" means January 4, 2004.

2.12 "Eligible Employee" means an Employee who is among a select group of
management Employees and who is designated by the Employer in its sole
discretion as eligible to participate in the Plan.

2.13 "Employee" means a full-time or part-time employee of an Employer.

2.14 "Employer" means the Company, Cott Beverages Inc., Cott Beverages Limited,
and any other affiliate designated as an Employer by the Committee.

2.15 "Executive Investment Share Purchase Fund ("EISP Fund")" means the trust
fund established under the Executive Investment Share Purchase Plan Trust
Agreement, which for purposes of the Plan constitutes an "Employee Benefit Plan"
as defined under the Tax Act.

2.16 "Executive Investment Share Purchase Plan Trust Agreement" means the
agreement effective January 4, 2004, by and among the Company, the Trustee, and
the Agent (as defined therein) to carry out the purposes of the Plan in respect
of Unvested Shares and any income attributable thereto in accordance with the
terms of the Plan.

2.17 "Fiscal Year" means the 12-month period beginning the first Sunday
following the immediately preceding Saturday closest to December 31st and ending
on the Fiscal Year End. The "First Fiscal Year" shall be the Fiscal Year that
begins on January 4, 2004.

2.18 "Fiscal Year Contribution" means the sum of the Benefit Amounts determined
under Section 4.1(b) for the Fiscal Year.

2.19 "Fiscal Year End" means, with respect to each Fiscal Year, the Saturday
closest to December 31 of such Fiscal Year.

2.20 "Grant Date" means, with respect to each Fiscal Year, the first day of the
next Fiscal Year.

2.21 "Normal Retirement" means retirement from office or employment with an
Employer (at the election of the Employee and as agreed to by the Employer)
coincident with or following the Employee's attainment of age 55.

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2.22 "Notice of Exercise" means a notice in the form set out in the attached
Schedule B pursuant to which the UK Participant exercises his right to acquire
Common Shares in accordance with Section 5.11.

2.23 "NYSE" means the New York Stock Exchange.

2.24 "Option Agreement" means an agreement in the form set out in the attached
Schedule A.

2.25 "Participant" means any current Employee, Active Participant, or Terminated
Participant who has an account under the Plan.

2.26 "Permanent Disability" means the complete and permanent incapacity of a
Participant, as determined by a licensed medical practitioner approved by the
Committee, due to a medically determinable physical or mental impairment which
prevents such Participant from performing substantially all of the essential
duties of his or her office or employment.

2.27 "Plan" means the Cott Corporation Executive Investment Share Purchase Plan,
as amended from time to time.

2.28 "Prevailing Market Price" means, for each Fiscal Year, the prevailing
market price as determined under Section 4.3(a).

2.29 "Qualifying Take-Over Bid" means a take-over bid within the meaning of the
Securities Act (Ontario), other than a take-over bid exempt from the
requirements of Part XX of such Act pursuant to Sections 93(1)(b) or (c)
thereof.

2.30 "Tax Act" means the Income Tax Act (Canada) and all regulations and
policies made thereunder, as amended or restated from time to time. Any
reference in the Agreement to a provision of the Tax Act includes any successor
provision thereto.

2.31 "Term" means the ten-year period beginning on the Effective Date and ending
on the Fiscal Year End of the 10th year.

2.32 "Terminated Participant" means a Participant who has incurred a Termination
Date and shall include, where context requires, the personal representative(s)
of a Participant.

2.33 "Termination Date" means the Participant's last day of active service with
the Employer (determined without regard to any notice of termination owing
pursuant to statute, regulation, agreement or common law).

2.34 "Trust Agreements" means, collectively, the Executive Investment Share
Purchase Plan Trust Agreement and the EISP Custodial Trust Agreement.

2.35 "Trustee" means The Canada Trust Company or its successor trustee under the
Trust Agreements.

2.36 "UK Participant" means a Participant who is taxable under the laws of the
United Kingdom in respect of Common Shares acquired under the Plan.

2.37 "Unacquired Shares" means, in respect of the UK Participants only, Unvested
Shares which

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would have become Vested Shares on the potential Vesting Date had the UK
Participant exercised his right to acquire such Unvested Shares in accordance
with Section 5.11.

2.38 "Unvested Shares" means the Common Shares acquired on behalf of a
Participant in which the Participant's interest has not fully vested under the
Plan.

2.39 "Vesting Date" means the date that the Common Shares vest pursuant to
Article V hereof.

2.40 "Vested Shares" means the Common Shares that have vested in accordance with
the terms hereof which are held by the Trustee for the benefit of Participants.

                                   ARTICLE III

                                  PARTICIPATION

3.1 Enrollment for Fiscal Year. Active Participants for a Fiscal Year who were
Eligible Employees on or before the immediately preceding Fiscal Year End shall
be automatically enrolled in the Plan effective as of the first day of such
Fiscal Year. Eligible Employees who are designated as Active Participants for a
Fiscal Year following the first day of such Fiscal Year shall be automatically
enrolled in the Plan as of the date of such designation.

3.2 Annual Performance Objectives. Prior to or coincident with his or her
enrollment for a Fiscal Year, each Active Participant will be informed of his or
her Annual Performance Objectives for such Fiscal Year.

                                   ARTICLE IV

                              OPERATION OF THE PLAN

4.1 Determination of Benefits. Within 120 days after each Fiscal Year End, the
Committee shall determine in respect of such Fiscal Year:

(a) the Benefiting Active Participants;

(b) the Benefit Amount to be awarded to each Benefiting Active Participant for
such Fiscal Year; and

(c) the Fiscal Year Contribution.

4.2 Contribution to EISP Fund. No later than 30 days following the
determinations by the Committee under Section 4.1, the Company shall:

(a) either contribute the Fiscal Year Contribution to the EISP Fund and seek
reimbursement from the other participating Employers, or cause each Employer to
contribute its respective share of the Fiscal Year Contribution to the EISP
Fund, such share representing the sum of the Benefit Amounts allocated to the
Employer's Benefiting Active Participants for such Fiscal Year; or

(b) forward to the Trustee a list of the Benefiting Active Participants and
their respective Benefit Amounts determined under Section 4.1(b).

                                                                               4
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4.3 Purchase of Common Shares.

(a) Common Shares Purchased for Fiscal Year: As soon as practicable after the
Fiscal Year Contribution is contributed to the EISC Fund, the Trustee shall
purchase the maximum number of Common Shares that can be purchased on the
Toronto Stock Exchange with such Fiscal Year Contribution at the prevailing
market price for Common Shares as of the time and date of such purchase.

(b) Maximum Number of Common Shares for Fiscal Year: Notwithstanding the
foregoing, in no event shall the number of Common Shares purchased under the
Plan with respect to a Fiscal Year exceed the following limitations:

(i) First Fiscal Year: The maximum number of Common Shares that can be purchased
with the Fiscal Year Contribution for the First Fiscal Year shall not exceed
0.5% of the total number of Common Shares outstanding as of the first day of the
First Fiscal Year.

(ii) Subsequent Fiscal Years: For each Fiscal Year following the First Fiscal
Year, the maximum number of Common Shares that can be purchased under the Plan
with the Fiscal Year Contribution for such Fiscal Year shall be the sum of the
following:

(1) the maximum number of Common Shares determined for the immediately preceding
Fiscal Year; plus

(2) .5% of the total number of Common Shares outstanding as of the first day of
such Fiscal Year.

4.4 Applicable Law. The purchase of Common Shares by the Trustee shall at all
times and in all respects comply with all applicable law, including, without
limitation, the rules, regulations and by-laws of the Toronto Stock Exchange,
and the policies and regulations of applicable securities regulatory
authorities.

4.5 Return of Employer Contributions. In the case an Employer Contribution is
made under a mistake of fact (to include, without limitation, the fact whether
shareholder approval as required by Section 1.2 has been properly obtained) the
amount of such contribution due solely to such mistake of fact shall be returned
to the Employer before the end of the Fiscal Year in which it was made, and the
Participant's account shall be adjusted accordingly.

                                    ARTICLE V

                             ALLOCATION AND VESTING

5.1 Allocation for Fiscal Year. Following the acquisition of Common Shares
pursuant to Section 4.3, the Trustee shall, when directed by the Committee,
determine the number of Common Shares to be allocated to each Benefiting Active
Participant's account under the EISP Fund as of the Grant Date for the Fiscal
Year by dividing the Benefiting Active Participant's Benefit Amount for such
Fiscal Year by the Prevailing Market Price. In respect of the UK Participants,
this Section 5.1 is subject to Section 5.3.

5.2 Reallocation of Forfeited Shares. On or before the Fiscal Year End, Unvested
Shares that are forfeited under the Plan for any reason during a Fiscal Year
shall be reallocated effective as of the Grant Date for such Fiscal Year among
the Benefiting Active Participants designated for such Fiscal Year. Any Unvested
Shares that are forfeited during a Fiscal Year beginning after

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expiration of the Term shall be reallocated, effective as of the Plan's last
Grant Date, at such Fiscal Year End among the Participants in the Plan as of
such Fiscal Year End. In respect of the UK Participants, this Section 5.2 is
subject to Section 5.3.

5.3 Grant of Option to Acquire Common Shares (UK Participants only). Within 60
days of the allocation of Common Shares to a UK Participant's account in
accordance with Section 5.1 or 5.2, the Company shall send the UK Participant an
Option Agreement and, if the UK Participant does not execute and return a copy
of such Option Agreement to the Company within 30 days of receipt, the Company
shall determine in its discretion that the UK Participant will not be entitled
to acquire the relevant allocated Common Shares and/or to receive any future
allocation of Common Shares pursuant to Section 5.1 or 5.2. For the avoidance of
doubt, the date on which the UK Participant executes the Option Agreement shall
be the date of grant of the option to acquire the relevant Common Shares
notwithstanding that it differs from the Grant Date (which shall still be the
relevant date for determining when Unvested Shares subject to the option vest
pursuant to Section 5.4).

5.4 Normal Vesting. Except as otherwise provided under the Plan (and, in
particular subject to Section 5.11 in respect of the UK Participants), Common
Shares allocated to Benefiting Active Participants under Section 5.1 and 5.2
shall vest in accordance with the following vesting schedule:

                                VESTING SCHEDULE

<TABLE>
<CAPTION>
             MULTIPLE OF GRANT DATE
                     VESTED                         % VESTED    TOTAL %
------------------------------------------------    --------    -------
<S>                                                 <C>         <C>
1st Anniversary of Grant Date...................       30%        30%
2nd Anniversary of Grant Date...................       30%        60%
3rd Anniversary of Grant Date...................       40%       100%
</TABLE>

5.5 Accelerated Vesting upon Termination of Employment. If a Participant
terminates employment due to death, Normal Retirement, or Permanent Disability,
all Unvested Shares that are allocated to the Participant's account as of the
Termination Date or allocable for the Fiscal Year in which the Termination Date
occurs, shall become Vested Shares and paid or distributed to the Participant in
accordance with Section 7.3. In respect of the UK Participants, this Section 5.5
is subject to Section 5.11.

5.6 Accelerated Vesting upon Plan Termination. If the Plan is terminated and
continued vesting under Section 5.4 ceases in connection therewith, then all
Unvested Shares allocated to a Participant as of the date of such Plan
termination or allocable for the Fiscal Year in which the Plan termination
occurs shall become Vested Shares and paid or distributed to the Participant in
accordance with Section 7.3. Accelerated vesting under this Section 5.6 shall
not apply if Participants are permitted to continue to vest in their accounts
following termination of the Plan.

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In respect of the UK Participants, this
Section 5.6 is subject to Section 5.11.

5.7 Vesting Upon Change in Control. Notwithstanding any other provisions of the
Plan, all Unvested Shares credited to a Participant shall immediately become
Vested Shares of the Participant on the effective date of:

(a) a consolidation, merger or amalgamation of the Company with or into any
other corporation whereby the voting shareholders of the Company immediately
prior to such event receive less than 50% of the voting shares of the
consolidated, merged or amalgamated corporation;

(b) a sale by the Company of all or substantially all of the Company's
undertakings and assets; or

(c) a proposal by or with respect to the Company being made in connection with a
liquidation, dissolution or winding-up of the Company.

In respect of the UK Participants, this Section 5.7 is subject to Section 5.11.

5.8 Vesting upon Qualifying Take-Over Bid.

(a) With Right of Tender. If a Qualifying Take-Over Bid that permits tendering
by notice of guaranteed delivery is made for the Common Shares, all Unvested
Shares shall immediately vest conditional upon the successful completion of such
Qualifying Take-Over Bid, and each Participant shall have the right to tender
his or her Unvested Shares to the Qualifying Take-Over Bid by notice of
guaranteed delivery.

(b) Without Right of Tender. If a Qualifying Take-Over Bid that does not permit
tendering by notice of guaranteed delivery is made for the Common Shares, upon
consummation of the Qualifying Take-Over Bid and subject to compliance with all
applicable laws and regulations, the Company shall repurchase all Unvested
Shares held by Participants at a purchase price equal to the offer price under
such Qualifying Take-Over Bid.

(c) Reasonable Steps. The Company will take all reasonable steps necessary to
facilitate or guarantee the Participants' exercise of the rights described
above.

In respect of the UK Participants, the provisions of Sections 5.8(a) and (b) are
subject to Section 5.11.

5.9 Transfer to EISP Custodial Fund. Unless paid out in accordance with Article
VII, all Unvested Shares that vest in accordance with the terms of the Plan
shall be distributed from the EISP Fund, registered in the respective
Participant's name, or as otherwise permitted under the Plan, and transferred to
the Participant's account under the EISP Custodial Fund. Until distributed to
the Participant, the Trustee shall hold all such Vested Shares in accordance
with the terms of the EISP Custodial Trust Agreement.

5.10 Restrictions on Vested Shares. Except as set forth in the Company's
policies respecting the trading of the Common Shares by employees or law, Vested
Shares are not subject to any restrictions concerning their sale or use.

5.11 Requirement to Exercise Right to Acquire Unvested Shares (UK Participants
Only). Unvested Shares allocated to a UK Participant's account shall not become
Vested Shares unless

                                                                               7
<PAGE>

the UK Participant has exercised his right to acquire the relevant Unvested
Shares on or before the potential Vesting Date by completing and sending a
Notice of Exercise to the Company. For the avoidance of doubt, a UK Participant
may exercise his or her right to acquire the Unvested Shares allocated to the UK
Participant's account by sending a completed Notice of Exercise in advance of a
potential Vesting Date but with such exercise being conditional on the Unvested
Shares otherwise satisfying the requirements for vesting as set out in this
Article V.

                                   ARTICLE VI

                                 UNVESTED SHARES

6.1 Prohibition against Alienation. A Participant shall not, directly or
indirectly, assign, transfer, or encumber in any manner whatsoever any rights in
and to the Unvested Shares held on his or her behalf under this Plan.

6.2 Forfeiture of Unvested Shares and Unacquired Shares.

(a) Forfeiture of Unvested Shares. Except as determined otherwise by the
Committee in its sole discretion, if Participant's employment terminates for any
reason other than those set forth in Section 5.5, such Terminated Participant
shall forfeit all rights regarding the Unvested Shares allocated to his or her
account as of the Termination Date. The Unvested Shares so forfeited shall be
reallocated in accordance with Section 5.2.

(b) Forfeiture of Unacquired Shares (UK Participants Only). Except as determined
otherwise by the Committee in its sole discretion, a UK Participant shall
forfeit all rights regarding Unacquired Shares immediately after the potential
Vesting Date in respect of such Unacquired Shares. The Unacquired Shares so
forfeited shall be reallocated in accordance with Section 5.2.

                                   ARTICLE VII

                          WITHDRAWALS AND DISTRIBUTIONS

7.1 Withdrawal of Vested Interest. A Participant may, at any time and from time
to time, by a written notice to the Company in the form approved by the
Committee, request:

(a) subject to Section 7.4, the delivery to him or her of the certificates
representing all or a portion of the Vested Shares held in the Participant's
account under the EISP Custodial Fund; or

(b) a cheque representing the cash equivalent (determined in accordance with
Section 7.2) of all or a portion of the Vested Shares held in the Participant's
account.

7.2 Valuation of Vested Shares. In respect of a Participant's election to
receive the cash equivalent of Vested Shares, the Trustee shall, as soon as
practicable following receipt of such election, sell the requested number of
Vested Shares on the Toronto Stock Exchange at the prevailing market price of
Common Shares as of the time and date of such sale.

7.3 Payout of Vested Interest at Termination. A Terminated Participant must
deliver written direction, in the manner prescribed by the Committee, to the
Committee within ninety (90) days following his or her Termination Date to
either:

(a) elect, in accordance with Section 7.1(b), to convert all Vested Shares
credited to his or her

                                                                               8
<PAGE>

account under the EISP Custodial Fund as of the Termination Date to their cash
equivalent and receive a cheque for the proceeds realized; or

(b) request delivery to him or her of share certificates evidencing all such
Vested Shares.

If a Terminated Participant fails to deliver such written direction to the
Committee within said ninety (90)-day period, the Committee, subject to Section
7.4, shall instruct the Trustee to deliver to the Terminated Participant the
share certificates evidencing all of the Vested Shares credited to the
Terminated Participant's account as of the Termination Date.

7.4 No Partial Shares. Only certificates representing whole Common Shares shall
be delivered under Sections 7.1(a) and 7.3(b). If a Participant is entitled to a
fraction of a Common Share, such entitlement shall be satisfied by payment of
the cash equivalent of such fraction, determined in accordance with Section 7.2.

                                  ARTICLE VIII

                            ACCOUNTING AND REPORTING

8.1 Accounts. An account or accounts, as appropriate under the Plan and Trustee,
shall be maintained for each Participant in which there will be recorded all
contributed amounts allocated to such Participant, the number of Unvested Shares
acquired on behalf of such Participant, the number of Vested Shares and their
Vesting Dates, the market value of such Unvested Shares and Vested Shares,
forfeited Unvested Shares, dividends paid, and such other information as may be
necessary or advisable in connection with the administration of this Plan.

8.2 Account Statements. A Participant will be provided with a summary of his or
her accounts under the Plan at least as frequently as annually.

                                   ARTICLE IX

                           DIVIDENDS AND OTHER RIGHTS

9.1 Cash Earnings. Cash dividends or earnings, if any, received by the Trustee
in a Fiscal Year in respect of a Participant's Vested or Unvested Shares shall
be used to purchase additional Common Shares. All such additional Common Shares
shall be deemed to be fully vested as of the date of purchase and either
distributed in accordance with Article VII or allocated to the Participant's
account under the EISP Custodial Fund, as applicable.

9.2 Stock Dividends. Stock dividends, if any, received by the Trustee in a
Fiscal Year in respect of a Participant's Vested or Unvested Shares shall be
deemed to be fully vested upon receipt and either distributed in accordance with
Article VII or allocated to the Participant's account under the EISP Custodial
Fund, as applicable.

9.3 Subscription Rights. If the Trustee becomes entitled to subscribe for
additional shares or securities of the Company by virtue of the Trustee being
the registered holder of the Common Shares in the EISP Fund, the Trustee, if so
requested by the Company and if the Company provides the Trustee with all
amounts necessary to exercise such subscription rights with respect to said
Common Shares, shall exercise such rights in the name of the Trustee on behalf
of the Company. All such additional Common Shares shall be deemed to be fully
vested upon receipt by the Trustee and either distributed in accordance with
Article VII or allocated to the Participant

                                                                               9
<PAGE>

accounts under the EISP Custodial Fund, as applicable.

9.4 Voting Rights. By virtue of being the registered holder of the Common Shares
held in the EISP Fund, the Trustee is entitled to attend all Company shareholder
meetings on the Participants' behalf. The Trustee shall vote the rights
associated with such Common Shares as instructed from time to time by the
Company and, if no such instructions are received, the Trustee shall refrain
from voting.

9.5 Notification of Rights. The Company shall promptly transmit to each
Participant all notices of conversion, redemption, tender, exchange,
subscription, class action, claim in insolvency proceedings or other rights or
powers that the Company receives from the Trustee relating to the Common Shares.
Notwithstanding the foregoing, the Participants shall have no ability to
exercise any rights associated with Unvested Shares.

                                    ARTICLE X

                                   TAX MATTERS

10.1 Obligation to Withhold. If, for any reason whatsoever, the Trustee and/or
an Employer becomes obligated to withhold and/or remit to any applicable tax
authority (whether domestic or foreign) any amount in connection with this Plan
in respect of a Participant, then the Trustee or the Employer, as the case may
be, shall provide written notice of such obligation to the Participant and shall
make the necessary arrangements, as acceptable to the Trustee or the Employer,
in connection with the amount which must be withheld and/or remitted.

10.2 Taxation upon Vesting. Upon the vesting of any Common Shares pursuant to
the terms of this Plan, the Trustee shall, in respect of each Participant,
provide the Company with written notice of the amount vested and the market
value of the Vested Shares. The Company shall be responsible for reporting the
Participant's vested amount as income to the Canadian or any other applicable
tax authority. The Trustee shall, in respect of each Participant, be responsible
for reporting to the applicable tax authority any income allocated and paid to
the Participant in accordance with section 9.1 hereof.

10.3 UK Taxation. If, for any reason whatsoever, the Trustee and/or an Employer
becomes obligated to make any tax payment or primary Class 1 national insurance
contribution in the United Kingdom, in either case in respect of a Participant
whose shares have vested in accordance with this Plan, then, by virtue of his or
her participation in the Plan, each Participant acknowledges that the Trustee
and/or the Employer shall be entitled to recover all such amounts from the
Participant by deduction, withholding or by any other means whatsoever. The
Company may also require a UK Participant to enter into a taxation agreement
that is contained within an Option Agreement.

                                   ARTICLE XI

                    AMENDMENT, TERMINATION AND ADMINISTRATION

11.1 Right to Amend and Terminate.

(a) General Right. Except as restricted by Section 11.2: (i) the Committee or
the Board may amend any provisions of the Plan or Trust Agreements at any time,
and (ii) the Committee or Board may terminate the Plan at any time prior to
expiration of the Term.

                                                                              10
<PAGE>

(b) No Shareholder Approval. Notwithstanding Section 11.1(a), in the event
shareholder approval is not obtained as required by Section 1.2 the Plan shall
be deemed null and void as of the date of the Company's annual shareholder
meeting described in Section 1.2

11.2 Restrictions. Notwithstanding Section 11.1(a) but subject to Section 12.3,
no such amendment or termination of the Plan shall divest any Participant of his
or her existing rights under the Plan with respect to the Common Shares
allocated or allocable to his or her accounts without the prior written consent
of the Participant. No amendment of the Plan or Trust Agreements shall affect
the rights and duties of the Trustee without its prior written consent.

11.3 Plan Administration. The Committee or the Board may by resolution make,
amend, or repeal at any time and from time to time such rules or regulations not
inconsistent herewith as it may deem necessary or advisable for the proper
administration and operation of this Plan. In particular, the Board may delegate
to any officers of an Employer such administrative duties and powers as it may
see fit with respect to this Plan.

11.4 Plan Interpretation. Any questions of interpretation of the Plan will be
submitted to the Committee for resolution. Any resolution of such a question of
interpretation of the Plan by the Committee shall be final in all respects, and
in particular, shall not be subject to any appeals whatsoever.

11.5 Authorized Officers. Two officers of the Company, one of whom must be the
Chief Executive Officer, the Chief Financial Officer, the Senior Vice President,
Corporate Resources or the Secretary, are hereby authorized to sign and execute
all instruments and documents and do all things necessary or desirable for
carrying out the provisions of the Plan and Trust Agreements. The Trustee shall
be entitled to rely on a certificate of any one of the Chief Executive Officer,
the Chief Financial Officer, the Senior Vice President, Corporate Resources or
the Secretary as to any of the following matters:

(a) the date an Active Participant commences participation in the Plan;

(b) a Participant's Termination Date; and

(c) the date of death, Normal Retirement, or Permanent Disability of any
Participant.

                                   ARTICLE XII

                                     GENERAL

12.1 Governing Law. The Plan and the Trust Agreements are established under the
laws of the Province of Ontario and the rights of all parties and the
construction and effect of each and every provision of this Plan and the Trust
Agreements shall be according to the laws of the Province of Ontario and the
laws of Canada applicable therein.

12.2 Binding and Assignment. This Plan and the Trust Agreements shall inure to
the benefit of and be binding upon Cott, its successors and assigns. The
interest hereunder of any Participant shall not be transferable or alienable by
such Participant either by assignment or in any other manner whatsoever and,
during his or her lifetime, shall be vested only in him or her, but, upon such
Participant's death, shall inure to the benefit of and be binding upon the
personal representatives of the Participant.

                                                                              11
<PAGE>

12.3 Plan Non-Contractual.

(a) No Employment Rights. Nothing contained in this Plan shall be construed as
promise to any person of continued employment with an Employer, and nothing
contained in this Plan shall be construed as an agreement or commitment on the
part of an Employer to continue the employment or the rate of compensation of
any person for any period. Following the Effective Date, all Employees of an
Employer shall remain subject to discharge to the same extent as if the Plan had
never been put into effect.

(b) No Rights Absent Shareholder Approval. In the event it is deemed that the
Plan is not effective and nullified pursuant to Sections 1.2 and 11.1(b), each
Active Participant designated for the First Fiscal Year shall thereupon be
deemed to have a zero dollar ($0.00) Benefit Amount for the First Fiscal Year
and to have no existing rights under the Plan.

NOW, THEREFORE, the Company hereby executes the Plan as of the Effective Date.

                                          COTT CORPORATION

                                          Per: /s/ Catherine Brennan
                                          --------------------------------
                                          Name: Catherine Brennan
                                          Title: Vice President, Treasurer

                                          COTT BEVERAGES INC.

                                          Per: /s/ Catherine Brennan
                                          --------------------------------
                                          Name: Catherine Brennan
                                          Title: Vice President, Treasurer

                                          COTT BEVERAGES LIMITED

                                          Per: /s/ Raymond P. Silcock
                                          --------------------------------
                                          Name: Raymond P. Silcock
                                          Title: Director

                                                                              12

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