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 Exhibit 10.3  

 EXHIBIT E  

 
 

  MOLSON COORS BREWING COMPANY
  
    Employee RSU Award Statement for:
  
    EMPLOYEE NAME

        Congratulations!
The following summarizes your Employee RSU Award: 

				
	 RSU AWARD
	 	 
	 	 Total number of RSUs granted
	 	 XXX

	 VESTING SCHEDULE
	 	 
	 	 Grant date
	 	 XXX

	 	 Vesting schedule
	 	 Subject to earlier vesting or cancellation, your RSU award will vest according to your individualized vest
schedule which you can find on the Fidelity website attached to the specific grant date.

        This
Employee RSU Award is issued under the Molson Coors Brewing Company Incentive Compensation Plan ("Plan") in consideration of your remaining an employee of the Company and/or
subsidiary. If you accept the terms of this Award, you consent to be bound by all of the terms and conditions of this Employee RSU Award Statement, which includes the accompanying Terms of the
Employee RSU Award, and the Plan. You also acknowledge that you have been given access to the Molson Coors Brewing Company Incentive Compensation Plan Summary Description, and a copy of the Plan,
which are available on www.netbenefits.com and www.solium.com. 

        To
the extent not otherwise defined herein or an Award, capitalized terms shall have the meaning ascribed to them in the Plan. 

        This Employee RSU Award Statement, including the accompanying Terms of the Employee RSU Award, constitutes part of a prospectus covering securities that have been
registered under the Securities Act of 1933, as amended.

 EXHIBIT E

MOLSON COORS BREWING COMPANY

Terms of the Employee RSU Awards  

			
	

 Type of Award:	 	Restricted Stock Units ("RSUs").

When vested, each RSU entitles the holder to receive one share of Molson Coors Brewing Company Class B Common Stock, $.01 par value per share ("Stock").
	
Vesting:	
 	
The date(s) upon which the RSUs vest are set forth on the Award Statement.

 

			
	 	 	In the event of the death, disability or retirement of a participant in accordance with the Company's established retirement policy, the unvested RSUs will vest a pro rata portion based on the ratio between the number of
full months of employment completed during the period from the most recent vest date to the date of death, disability or retirement divided by the total number of months remaining until the award would have been fully vested. The remaining portion of
the Award will be forfeited and/or cancelled.
	

 	
 	
In the event of a Change of Control, the RSUs will become fully vested.
	

 Payment:	
 	
No payment is required with respect to RSUs. Vested RSUs will be settled in Stock as soon as practicable following vesting but in no event later than 21/2 months following the end of the
calendar year in which the RSUs vest.
	
Effect of Termination of Employment:	
 	
Except for termination of employment due to retirement, death or disability, no further vesting will occur, and all unvested RSUs will be forfeited and/or cancelled on the date you cease to be an employee of the
Company and or subsidiaries.
	

 No Voting Rights/Dividends:	
 	
Since RSUs do not represent actual shares, no voting rights arise upon receipt of RSUs. No dividends will be paid.
	
Tax Considerations:	
 	
Refer to accompanying Summary of Tax Considerations.
	

 Transferability:	
 	
No RSU granted under the Plan may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, otherwise than by will or by the laws of descent and distribution.
	
Additional Restrictions:	
 	
In addition to the foregoing, the right to retain shares of Stock (or the amounts received upon the sale thereof) shall be subject to the Effect of Detrimental Conduct on Incentive Compensation Awards which
accompanies these Terms and shall be deemed a part thereof, provided that the restrictions set forth therein, as they apply to any resident of Quebec shall be limited in duration to a maximum of 12 months.
	

 Personal Information:	
 	
You agree the Company and its suppliers may collect, use and disclose your personal information for the purposes of the implementation, management, administration and termination of the Plan.
	
Beneficiary Designation (Quebec Residents):	
 	
Article 15 of the Plan is not applicable to those Participants in the Plan who are residents of Quebec. Any beneficiary designation or revocation of such beneficiary designation made by such residents must be
made through a will, a copy of which should be filed with the Plan administrator.

 EXHIBIT E

MOLSON COORS BREWING COMPANY

INCENTIVE COMPENSATION PLAN  

 Summary of Tax Considerations

Relating to Employee RSU Awards under the Plan  

        Set forth below is a summary of the certain tax consequences relating to the Employee RSU Awards under the Molson Coors Brewing Company
Incentive Compensation Plan. This summary is 

2

 

divided
by country. This discussion does not purport to be complete and does not cover, among other things, state, provincial and local tax treatment. 

 UNITED STATES  

         
Federal Income Tax Considerations:    No income is recognized upon receipt of an award of RSUs. At the time distribution of the stock and payment in respect of
accumulated dividends (to the extent provided in the award) occur, income equal to the fair market value of Stock issued plus cash received is recognized. The capital gain or loss holding period for
any Stock distributed begins when ordinary income is recognized. Any subsequent capital gain or loss is measured by the difference between the fair market value of the Stock upon which the ordinary
income recognized was based and the amount received upon sale or exchange of the shares. 

         
Tax Withholding:    No tax withholding is required with respect to amounts received from RSUs granted. In the event any income or other tax withholding were to apply
at the time shares of Stock are issued and cash is paid, the Company will deduct or withhold first, from the cash to be paid and then from the shares of Stock issuable, a combined amount of cash and
number of shares of Stock having a fair market value equal to the amount sufficient to satisfy the minimum statutory Federal, state and local tax (including the FICA and Medicare tax obligation)
withholding required by law with respect to the exercise or distribution of shares and cash made under or as a result of the Plan. 

 CANADA  

        
Federal Income Tax Considerations:    There is no tax consequence to the holder at the time of receipt of an award of RSUs. At the time distribution of Stock and cash
payment in respect of accumulated dividends (to the extent provided in the award) occurs, an amount equal to the aggregate of the fair market value of the Stock at that time plus cash received is
treated as a taxable benefit and is required to be included in the holder's income for the year and taxed at ordinary rates. The holder will have a cost in the Stock equal to its fair market value at
the date of issue and, where the holder owns other shares of Stock at the time, the adjusted cost base of each share of Stock will generally be equal to the average cost of all Stock held at the time.
When Stock is subsequently disposed of, a capital gain or capital loss will be realized in the amount by which the proceeds of disposition, net of any associated expenses, exceed or are exceeded by,
the adjusted cost base of the Stock. 

         
Tax Withholding:    No tax withholding is required at the time an award of RSUs is made. At the time shares of Stock are issued and cash is paid, the Company will
deduct or withhold first, from the cash to be paid and then from the shares of Stock issuable, a combined amount of cash and number of shares of Stock having a fair market value equal to the amount
sufficient to satisfy the prescribed amounts on account of income tax, Canada Pension Plan/Quebec Pension Plan contributions and employment insurance premiums required by law to be withheld. 

 EXHIBIT E

MOLSON COORS BREWING COMPANY

INCENTIVE COMPENSATION PLAN  

 Effect of Detrimental Conduct on Awards

Under the Incentive Compensation Plan  

        Equity-based Awards granted to a Participant under the Incentive Compensation Plan shall be subject to the following restrictions: 

        After
a Participant terminates employment or service as a director for any reason, if the Participant (1) is employed by or serves as a consultant or otherwise provides services
(including as a director), whether or not for compensation, to a company that manufactures and sells malt beverage 

3

 

products
in the United States, Canada, the United Kingdom or Brazil and has a market share of five percent (5%) or greater in one or more of such markets, (2) discloses or uses any confidential
or proprietary information of the Company, or (3) takes any action detrimental to the Company or its officers, employees or agents, including without limitation: 

	(a)
	disparaging
the Company's products, the processes by which the products are made, the employment practices of the Company, or the environmental or safety
record of the Company; or

	(b)
	voluntarily
initiating, assisting or cooperating in the prosecution of a legal claim or threatened legal claim against the Company, except to the extent
required by law, or where the disclosure is made pursuant to Company Policy or to an appropriate governmental authority pursuant to whistle-blowing legislation; or

	(c)
	participating,
assisting or cooperating in an attempt take over control of the Company when such an effort is deemed hostile by the Company and the
Participant's participation in such effort is without the express approval of the Company's Board of Directors; or

	(d)
	continuation
of activity by the Participant deemed detrimental by the Company after notice to the Participant that such activity is considered by the
Company to be detrimental conduct. 

(such
acts described in clauses (1), (2) and (3)(a)-(d) above hereafter referred to as "prohibited conduct") then, the Participant shall forfeit all unvested and/or unexercised stock
options and all other Share-based Awards and such Awards shall be null and void as of the date such prohibited conduct first occurs. 

        The
Compensation and Human Resources Committee of the Company's Board of Directors, the Company's Chief Executive Officer, or such other officer(s) as may be authorized by the Committee
pursuant to the Plan (the Committee, Chief Executive Officer or other delegatee, the "Committee") shall have absolute discretion to determine whether prohibited conduct has occurred and, if so, the
date on which the conduct occurred. Upon a determination that prohibited conduct has occurred, the Committee shall give the Participant written notice, which shall specify the conduct and the date of
the conduct. Any dispute concerning the matters set forth in the notice shall be decided under the procedures in the Plan. 

        Upon
receipt of the notice, the Participant shall return to the Company any certificates representing Shares relating to any unvested Award outstanding on the date of the conduct,
together with all documents necessary to transfer title to such Shares to the Company. If the Participant received Shares pursuant to an Award under this Plan on or after the date of the prohibited
conduct and if the stock certificate or certificates have been issued to the Participant, the Participant shall promptly deliver the certificate or certificates to the Company representing Shares with
a value equal to the value received upon receipt of the Shares together with any documents necessary to transfer title to such Shares to the Company. If the stock certificate or certificates have not
been issued to the Participant, the Company shall instruct the transfer agent not to issue the certificate or certificates to the Participant and/or to reflect as returned any uncertificated Shares,
in either case with respect to Shares having a value equal to the value received upon receipt of the Shares. If the Participant received Shares upon vesting any Award which occurred after the date of
the prohibited conduct, and sold the Shares so acquired, upon receipt of the notice of the Committee, the Participant shall promptly pay to the Company the net amount received upon the sale. The "net"
amount is an amount that reflects retention by the Participant of value received with respect to the Award. 

        In
the event any restriction set forth above is determined by any court of competent jurisdiction to be unenforceable by reason of its extending for too great a period of time or its
being too extensive in any other respect, it shall be interpreted to extend to the maximum period of time, the maximum area and the maximum extent to which such court determines it may be enforceable. 

        To
the extent not otherwise defined herein or an Award, capitalized terms shall have the meaning ascribed to them in the Plan. 

4

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 Exhibit 10.4  

 EXHIBIT G  

 
 

Form Award
  
    MOLSON COORS BREWING COMPANY
  
    200_ Performance Share Plan Award Statement for:    
    

EMPLOYEE NAME

        Congratulations!
The following summarizes your 200_ Performance Share Plan Award: 

				
	PERFORMANCE SHARE AWARD	 	 
	
Total Performance Shares opportunity	
 	
XXX
	
VESTING SCHEDULE	
 	

 
	 	
Performance Cycle:	
 	
Five years beginning January 1, 200_
	 	
Vesting/Grant schedule:	
 	
Subject to earlier cancellation, your Performance Share award will vest and shares of Molson Coors Brewing Company stock will be issued if the Company achieves the Performance Target within the five-year Performance
Cycle.

        This
200_ Performance Share Plan Award is issued under the Molson Coors Brewing Company Incentive Compensation Plan ("Plan") in consideration of your remaining an employee of the Company
and/or subsidiary. If you accept the terms of this Award, you consent to be bound by all of the terms and conditions of this Performance Share Plan Award Statement, which includes the accompanying
Terms of the 200_ Performance Share Plan Award, and the Plan. You also acknowledge that you have been given access to the Molson Coors Brewing Company Incentive Compensation Plan Summary Description
and a copy of the Plan, which are available on www.netbenefits.com and www.solium.com. 

        To
the extent not otherwise defined herein, capitalized terms shall have the meaning ascribed to them in the Plan. 

        This Award Statement, including the accompanying Terms of the 200_ Performance Share Plan Award, constitutes part of a prospectus covering securities that have
been registered under the U. S. Securities Act of 1933, as amended.

 EXHIBIT G

MOLSON COORS BREWING COMPANY

Terms of the 200_ Performance Share Plan Award  

			
	

 Type of Award:	 	Performance Shares ("Performance Shares").
	

 	
 	
Upon attainment of the Performance Target (defined below), each Performance Share held entitles the holder to receive one share of Molson Coors Brewing Company Class B Common Stock, $.01 par value
per share ("Stock").

1

 

			
	Performance Target:	 	The Performance "Target will be achieved if the Company earns $750 million (USD) of earnings before interest and taxes during a four-consecutive fiscal quarter period within the Performance Cycle, as
certified by the Committee based upon the Company's published financial results.
	

 Vesting/Grant:	
 	
The Performance Shares will vest if the Performance Target is achieved.
	

 	
 	
In the event of the death, disability (U.S. only) or retirement a participant in accordance with the Company's established retirement policy the Performance Share opportunity will be prorated. The
prorated amount will be based on a fraction, the numerator of which is the number of full months of employment completed during the period from January 1, 200_ to the date of death, disability or retirement and the denominator of which is the
number of months it takes the Company to achieve the Performance Target during the Performance Cycle. The prorated portion of the Performance Shares opportunity will vest if the Performance Target is achieved.
	

 	
 	
In the event of a Change of Control (as defined in Section 2.9 of the Plan), the Performance Shares will become fully vested.
	
Issuance of Shares:	
 	
One share of Stock will be issued for each Performance Share held by a participant that vests. The shares will be issued as soon as administratively possible following the certification by the
Committee that the Performance Target has been achieved, but in no event later than 21/2 months following the end of the calendar year in which the Performance Shares vest.
	

 Effect of Termination of Employment:	
 	
Except as provided above, for termination of employment due to death, disability (U.S. only) or retirement, the entire Performance Share opportunity will be forfeited and/or cancelled on the date you
cease to be an employee of the Company and or subsidiaries.
	
No Voting Rights/Dividends:	
 	
Since Performance Shares do not represent actual shares, no voting rights arise upon receipt of Performance Shares. No dividends will be paid.
	

 Tax Considerations:	
 	
Refer to accompanying Summary of Tax Considerations.
	
Transferability:	
 	
No Performance Shares granted under the Plan may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, otherwise than by will or by the laws of descent and
distribution.

2

 

			
	

 Additional Restrictions:	 	In addition to the foregoing, the right to retain shares of Stock (or the amounts received upon the sale thereof) shall be subject to the Effect of Detrimental Conduct on Incentive Compensation Awards
which accompanies these Terms and shall be deemed a part thereof, provided that the restrictions set forth therein, as they apply to any resident of Quebec shall be limited in duration to a maximum of 12 months.
	
Personal Information:	
 	
You agree the Company and its suppliers may collect, use and disclose your personal information for the purposes of the implementation, management, administration, and termination of the
Plan.
	

 Beneficiary Designation (Quebec Residents):	
 	
Article 15 of the Plan is not applicable to those Participants in the Plan who are residents of Quebec. Any beneficiary designation or revocation of such beneficiary designation made by such
residents must be made through a will, a copy of which should be filed with the Plan administrator.

 EXHIBIT G

MOLSON COORS BREWING COMPANY

INCENTIVE COMPENSATION PLAN  

 Summary of Tax Considerations

Relating to 200_ Performance Sharing Awards under the Plan  

        Set forth below is a summary of the certain tax consequences relating to the 200_ Performance Share Awards under the Molson Coors
Brewing Company Incentive Compensation Plan. This summary is divided by country. This discussion does not purport to be complete and does not cover, among other things, state, provincial and local tax
treatment. 

 UNITED STATES  

         
Federal Income Tax Considerations:    No income is recognized upon receipt of an award of the Performance Shares opportunity. At the time distribution of the Stock
occurs, ordinary income equal to the fair market value of Stock issued plus cash received is recognized. The capital gain or loss holding period for any Stock received begins when ordinary income is
recognized. Any subsequent capital gain or loss is measured by the difference between the fair market value of the Stock upon which the ordinary income recognized was based and the amount received
upon sale or exchange of the shares. 

         
Tax Withholding:    Any income or other tax withholding which applies at the time shares of Stock are issued will be satisfied by the Company deducting or withholding
from the shares of Stock issuable, a number of shares of Stock having a fair market value equal to the amount sufficient to satisfy the minimum statutory Federal, state and local tax (including the
FICA and Medicare tax obligation) withholding required by law with respect to distribution of shares made under or as a result of the Plan. 

 CANADA  

         
Federal Income Tax Considerations:    There is no tax consequence to the holder at the time of receipt of an award of the Performance Share opportunity. At the time
distribution of Stock occurs, the fair market value of the Stock at that time is treated as employment income and is required to be included in the holder's income for the year and taxed at ordinary
income tax rates. In addition, the 

3

 

capital
gain or loss holding period for any Stock received begins when employment income is recognized. The holder will have a cost in the Stock equal to its fair market value at the date of issue
and, where the holder owns other shares of Stock at the time, the adjusted cost base of each share of Stock will generally be equal to the average cost of all Stock held at the time. When Stock is
subsequently disposed of, a capital gain or capital loss will be realized in the amount by which the proceeds of disposition, net of any associated expenses, exceed or are exceeded by, the adjusted
cost base of the Stock. 

        
Tax Withholding:    At the time shares of Stock are issued, the Company will deduct or withhold from the shares of Stock issuable, a number of shares of Stock having
a fair market value equal to the amount sufficient to satisfy the prescribed amounts on account of income tax, Canada Pension Plan/Quebec Pension Plan contributions, employment insurance premiums and
any other contributions/premiums/deductions required by law to be withheld. 

 EXHIBIT G

MOLSON COORS BREWING COMPANY

INCENTIVE COMPENSATION PLAN

Effect of Detrimental Conduct on Awards

Under the Incentive Compensation Plan  

        Equity-based Awards granted to a Participant under the Incentive Compensation Plan shall be subject to the following restrictions: 

        After
a Participant terminates employment or service as a director for any reason, if the Participant (1) is employed by or serves as a consultant or otherwise provides services
(including as a director), whether or not for compensation, to a company that manufactures and sells malt beverage products in the United States, Canada, the United Kingdom or Brazil and has a market
share of five percent (5%) or greater in one or more of such markets, (2) discloses or uses any confidential or proprietary information of the Company, or (3) takes any action
detrimental to the Company or its officers, employees or agents, including without limitation: 

	(a)
	disparaging
the Company's products, the processes by which the products are made, the employment practices of the Company, or the environmental or safety
record of the Company; or

	(b)
	voluntarily
initiating, assisting or cooperating in the prosecution of a legal claim or threatened legal claim against the Company, except to the extent
required by law, or where the disclosure is made pursuant to Company Policy or to an appropriate governmental authority pursuant to whistle-blowing legislation; or

	(c)
	participating,
assisting or cooperating in an attempt take over control of the Company when such an effort is deemed hostile by the Company and the
Participant's participation in such effort is without the express approval of the Company's Board of Directors; or

	(d)
	continuation
of activity by the Participant deemed detrimental by the Company after notice to the Participant that such activity is considered by the
Company to be detrimental conduct. 

(such
acts described in clauses (1), (2) and (3)(a)-(d) above hereafter referred to as "prohibited conduct") then, the Participant shall forfeit all unvested and/or unexercised stock
options and all other Share-based Awards and such Awards shall be null and void as of the date such prohibited conduct first occurs. 

        The
Compensation and Human Resources Committee of the Company's Board of Directors, the Company's Chief Executive Officer, or such other officer(s) as may be authorized by the Committee 

4

 

pursuant
to the Plan (the Committee, Chief Executive Officer or other delegatee, the "Committee") shall have absolute discretion to determine whether prohibited conduct has occurred and, if so, the
date on which the conduct occurred. Upon a determination that prohibited conduct has occurred, the Committee shall give the Participant written notice, which shall specify the conduct and the date of
the conduct. Any dispute concerning the matters set forth in the notice shall be decided under the procedures in the Plan. 

        Upon
receipt of the notice, the Participant shall return to the Company any certificates representing Shares relating to any unvested Award outstanding on the date of the conduct,
together with all documents necessary to transfer title to such Shares to the Company. If the Participant received Shares pursuant to an Award under this Plan on or after the date of the prohibited
conduct and if the stock certificate or certificates have been issued to the Participant, the Participant shall promptly deliver the certificate or certificates to the Company representing Shares with
a value equal to the value received upon receipt of the Shares together with any documents necessary to transfer title to such Shares to the Company. If the stock certificate or certificates have not
been issued to the Participant, the Company shall instruct the transfer agent not to issue the certificate or certificates to the Participant and/or to reflect as returned any uncertificated Shares,
in either case with respect to shares having a value equal to the value received upon receipt of the Shares. If the Participant received Shares upon vesting any Award which occurred after the date of
the prohibited conduct, and sold the Shares so acquired, upon receipt of the notice of the Committee, the Participant shall promptly pay to the Company the net amount received upon the sale. The "net"
amount is an amount that reflects retention by the Participant of value received with respect to the Award. 

        In
the event any restriction set forth above is determined by any court of competent jurisdiction to be unenforceable by reason of its extending for too great a period of time or its
being too extensive in any other respect, it shall be interpreted to extend to the maximum period of time, the maximum area and the maximum extent to which such court determines it may be enforceable. 

        To
the extent not otherwise defined herein or an Award, capitalized terms shall have the meaning ascribed to them in the Plan. 

5

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Form Award MOLSON COORS BREWING COMPANY 200_ Performance Share Plan Award Statement for

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