Document:

EX-10.3

Exhibit 10.3

THE GOODYEAR TIRE & RUBBER COMPANY

GRANT AGREEMENT

EXECUTIVE PERFORMANCE PLAN UNIT GRANT

Name

Title

     You have been awarded an Executive Performance Plan Unit Grant pursuant to the Executive
Performance Plan of The Goodyear Tire & Rubber Company (the “Company”), adopted effective January
1, 2004, as amended (the “Plan”), as follows:

	 	 	 	 	 
	 

	 	Date of Grant:	 	 
	 
	 	 	 	 
	 

	 	Number of Units Granted:
	 	                     (to be divided by thirds (1/3) for each Performance Period)
	 
	 	 	 	 
	 

	 	20___ Performance Period:
	 	1-1-___ through 12-31-___
	 

	 	20___ Performance Period:
	 	1-1-___ through 12-31-___
	 

	 	20___ Performance Period:
	 	1-1-___ through 12-31-___
	 
	 	 	 	 
	 

	 	20___ Unit Value
	 	$0 to $___
	 

	 	20___ Unit Value
	 	To be determined
	 

	 	20___ Unit Value
	 	To be determined

     The value of the Executive Performance Plan Units specified above which you will earn at the
end of the respective Performance Periods specified above will be determined and contingent upon
the extent to which Performance Goals for the Performance Period are achieved. The Unit Value may
be adjusted depending on the level of achievement of the Performance Goals. Payment of the Units
will be made as provided under the General Terms and Conditions. The Performance Measures,
Performance Goals and Unit Value schedule for the 20___ Performance Period for your Executive
Performance Plan Unit Grant are described in Annex A. The Performance Measures, Performance Goals
and Unit Value schedule for the subsequent Performance Periods will be determined by the
Compensation Committee at a later date.

The Goodyear Tire & Rubber Company

Grant Agreement received and agreed to:

	 	 	 	 	 
	 

	 	 	 	 
	Name

	 	 	 	Date

 

 

GRANT AGREEMENT

(Continued)

General Terms and Conditions

     1. The Executive Performance Plan Unit Grant for the number of Units specified above is
granted to you under, and governed by the terms and conditions of, the Plan and this Grant
Agreement. Your execution and return of the enclosed copy of this Grant Agreement constitutes your
agreement to, and acceptance of, all terms and conditions of the Plan and this Grant Agreement.
You also agree that you have read and understand the provisions of the Plan, this Grant Agreement
and Annex A.

     2. All rights conferred upon you under the provisions of this Grant Agreement are personal to
you and no assignee, transferee or other successor in interest shall acquire any rights or
interests whatsoever under this Grant Agreement, which is made exclusively for the benefit of you
and the Company, except by will or the laws of descent and distribution.

     3. The Number of Units Granted with respect to a Performance Period will be multiplied by the
related Unit Value to determine the dollar amount of the Performance Award (the “Performance
Award”) to be earned, subject to Section 4 of this Grant Agreement, after the end of that
Performance Period and paid at such time or times as the Compensation Committee, in its sole
discretion, shall determine. All Performance Awards will be paid in cash.

     4. As further consideration for the Units granted to you hereunder, except as otherwise
provided in this Section 4 or in Section 5, you must remain in the continuous employ of the Company
or one or more of its subsidiaries until December 31, 20___(the “Vesting Date”). The Number of
Units Granted with respect to a Performance Period will be prorated in the event of your death or
Retirement (defined as termination of employment at any age after 30 or more years, or at age 55 or
older with at least 10 years, of continuous service with the Company and its subsidiaries) prior to
completion of the Performance Period. Pro-rata units are calculated by dividing the number of
months worked by the number of months in the Performance Period and multiplying the result by the
Number of Units Granted with respect to the Performance Period. For purposes of the pro-rata unit
calculation, if any portion of a month is worked, credit will be provided for the full month. The
Performance Award will be determined by multiplying the prorated Number of Units Granted by the
Unit Value for the Performance Period, earned after the end of the Performance Period and paid at
such time or times as the Compensation Committee, in its sole discretion, shall determine. In the
event of your death or Retirement on or prior to the Vesting Date but after completion of a
Performance Period, you will receive the number of Units earned with respect to the completed
Performance Period as determined by the Compensation Committee following the end of the Performance
Period, which will be payable at such time or times as the Compensation Committee, in its sole
discretion, shall determine. In the event that you incur a Severance (as defined in the Continuity
Plan for Salaried Employees) on or prior to the Vesting Date but after completion of a Performance
Period, the Units with respect to the completed Performance Period shall be deemed to have been
fully earned in the amount determined by the Compensation Committee following the end of the
Performance Period, and shall be paid within 30 days after your Severance. Nothing contained
herein shall restrict the

Page 2 of 3

 

GRANT AGREEMENT

(Continued)

right of the Company or any of its subsidiaries to terminate your employment at any time, with
or without cause.

     5. In the event your employment status changes during the Performance Period due to layoff,
leave of absence or termination of employment while receiving benefits for a period of not less
than one year under a long-term disability income plan provided by a government or sponsored by the
Company or one of its subsidiaries, the Number of Units Granted with respect to a Performance
Period will be prorated. Pro-rata units are calculated by dividing the number of months worked by
the number of months in the Performance Period and multiplying the result by the Number of Units
Granted with respect to the Performance Period. For purposes of the pro-rata unit calculation, if
any portion of a month is worked, credit will be provided for the full month. The Performance
Award will be determined by multiplying the prorated Number of Units Granted by the Unit Value for
the Performance Period, earned after the end of the Performance Period and paid at such time or
times as the Compensation Committee, in its sole discretion, shall determine. In the event your
employment status changes on or prior to the Vesting Date but after completion of a Performance
Period due to layoff, leave of absence or termination of employment while receiving benefits for a
period of not less than one year under a long-term disability income plan provided by a government
or sponsored by the Company or one of its subsidiaries, you will receive the number of Units earned
with respect to the completed Performance Period as determined by the Compensation Committee
following the end of the Performance Period, which will be payable at such time or times as the
Compensation Committee, in its sole discretion shall determine.

     6. You will be required to satisfy all federal, state and local tax and payroll withholding
obligations arising in respect of any distribution of cash to you. Such withholding obligations
will be deducted from your distribution.

     7. Upon proper election, you may elect to defer receipt of your Performance Award in which
case such amount will be credited to an account under The Goodyear Tire & Rubber Company Deferred
Compensation Plan for Executives.

     8. The Compensation Committee may, at its sole election, at any time and from time to time
require that the payment of the entire or any portion of the Performance Award be deferred until
such later date as it shall deem appropriate. Any required deferral amount will be credited to an
account under The Goodyear Tire & Rubber Company Deferred Compensation Plan for Executives.

     9. Any notice to you under this Grant Agreement shall be sufficient if in writing and if
delivered to you or mailed by registered mail directed to you at the address on record in the
Executive Compensation Department. Any notice to the Company under this Grant Agreement shall be
sufficient if in writing and if delivered to the Executive Compensation Department of the Company
in Akron, Ohio, or mailed by registered mail directed to the Company for the attention of the
Executive Compensation Department at 1144 East Market Street, Akron, Ohio 44316-0001. Either you
or the Company may, by written notice, change the address.

Page 3 of 3EX-4.14

Exhibit 4.14

SUPPLEMENTAL INDENTURE NO. 17 (this “Supplement”), dated as of February 27, 2009 is entered
into by and among CONSTELLATION BRANDS, INC., a Delaware corporation (the “Company”),
CONSTELLATION SERVICES LLC, a Delaware limited liability company (the “New Guarantor”), and
THE BANK OF NEW YORK MELLON TRUST COMPANY NATIONAL ASSOCIATION (successor trustee to BNY Midwest
Trust Company), as trustee (the “Trustee”).

RECITALS OF THE COMPANY AND THE NEW GUARANTOR

     WHEREAS, the Company, the Guarantors and the Trustee have executed and delivered an Indenture,
dated as of February 25, 1999 (the “February 1999 Indenture”), as supplemented by a
Supplemental Indenture No. 4, dated as of May 15, 2000, with respect to the issuance by the Company
of 8 1/2% Series C Senior Notes due 2009 (the “Fourth Supplemental Indenture”, a
Supplemental Indenture No. 7, dated as of January 23, 2002, with respect to the issuance by the
Company of 8 1/8% Senior Subordinated Notes due 2012 in the aggregate principal amount of
$250,000,000 (the “Seventh Supplemental Indenture”), and any other supplements and
amendments thereto made prior to the date hereof and in effect on the date hereof (the February
1999 Indenture, the Fourth Supplemental Indenture, the Seventh Supplemental Indenture and together
with such other supplements and amendments are collectively herein referred to as the
“Indentures”);

     WHEREAS, the Guarantors guarantee, jointly and severally, the full and punctual payment and
performance when due of all Indenture Obligations;

     WHEREAS, pursuant to (i) Section 4.15 of the Fourth Supplemental Indenture and (ii) Section
3.10 of the Seventh Supplemental Indenture, the New Guarantor is obligated to enter into this
Supplement thereby guaranteeing the punctual payment and performance when due of all Indenture
Obligations;

     WHEREAS, pursuant to (i) Section 8.01 of the Fourth Supplemental Indenture and (ii) Section
11.1 of the Seventh Supplemental Indenture, the Company, the New Guarantor and the Trustee may
enter into this Supplement without the consent of any Holder;

     WHEREAS, the execution and delivery of this Supplement have been duly authorized by Board
Resolutions of the respective Boards of Directors of the Company and the New Guarantor; and

     WHEREAS, all conditions and requirements necessary to make the Supplement valid and binding
upon the Company and the New Guarantor, and enforceable against the Company and the New Guarantor
in accordance with its terms, have been performed and fulfilled.

     NOW, THEREFORE, in consideration of the above premises, each of the parties hereto agrees, for
the benefit of the others and for the equal and proportionate benefit of the Holders of the Notes,
as follows:

 

 

- 2 -

ARTICLE ONE

THE NEW GUARANTEE

     Section 1.01. For value received, the New Guarantor hereby absolutely, unconditionally and
irrevocably guarantees (the “New Guarantee”), jointly and severally among itself and the
Guarantors, to the Trustee and the Holders, as if such New Guarantor was the principal debtor, the
punctual payment and performance when due of all Indenture Obligations (which for purposes of the
New Guarantee shall also be deemed to include all commissions, fees, charges, costs and other
expenses (including reasonable legal fees and disbursements of one counsel) arising out of or
incurred by the Trustee or the Holders in connection with the enforcement of this New Guarantee).
The agreements made and obligations assumed hereunder by the New Guarantor shall constitute and
shall be deemed to constitute a Guarantee under the Indentures and for all purposes of the
Indentures, and such New Guarantor shall be considered a Guarantor for all purposes of the
Indentures as if such New Guarantor was originally named therein as a Guarantor.

     Section 1.02. The New Guarantee shall be released upon the occurrence of the events as
provided in the Indentures.

     Section 1.03. In accordance with the terms of the Indentures, the New Guarantor hereby waives
all rights of subrogation or contribution arising by reason of any payment by it pursuant to its
Guarantee under the Indentures.

ARTICLE TWO

MISCELLANEOUS

     Section 2.01. Except as otherwise expressly provided or unless the context otherwise requires,
all terms used herein which are defined in the Indentures shall have the meanings assigned to them
in the Indentures. Except as supplemented hereby, the Indentures (including the Guarantees
incorporated therein) and the notes issued pursuant thereto are in all respects ratified and
confirmed and all the terms and provisions thereof shall remain in full force and effect.

     Section 2.02. This Supplement shall be effective as of the close of business on February 27,
2009.

     Section 2.03. The recitals contained herein shall be taken as the statements of the Company
and the New Guarantor, and the Trustee assumes no responsibility for their correctness. The
Trustee makes no representations as to the validity or sufficiency of this Supplement.

     Section 2.04. This Supplement shall be governed by and construed in accordance with the laws
of the jurisdiction which govern the Indentures and their construction.

 

 

- 3 -

     Section 2.05. This Supplement may be executed in any number of counterparts each of which
shall be an original, but such counterparts shall together constitute but one and the same
instrument.

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Supplement to be duly executed and
attested all as of the day and year first above written.

	 	 	 	 	 	 	 
	 	 	CONSTELLATION BRANDS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Thomas D. Roberts
 

	 	 
	 

	 	Name:
	 	Thomas D. Roberts	 	 
	 

	 	Title:
	 	Senior Vice President and Treasurer	 	 

Attest:

	 	 	 	 	 
	/s/ Barbara J. LaVerdi	 	 
	 	 	 
	Name:

	 	Barbara J. LaVerdi	 	 
	Title:

	 	Vice President, Associate General
Counsel and Assistant Secretary	 	 

 

 

	 	 	 	 	 	 	 
	 	 	CONSTELLATION SERVICES LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Thomas D. Roberts
 

	 	 
	 

	 	Name:
	 	Thomas D. Roberts	 	 
	 

	 	Title:
	 	Vice President and Assistant Treasurer	 	 

Attest:

	 	 	 	 	 
	/s/ Barbara J. LaVerdi	 	 
	 	 	 
	Name:

	 	Barbara J. LaVerdi	 	 
	Title:

	 	Assistant Secretary	 	 

 

 

	 	 	 	 	 	 	 
	 	 	THE BANK OF NEW YORK MELLON

TRUST COMPANY NATIONAL

ASSOCIATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ D.G. Donovan
 

	 	 
	 

	 	Name:
	 	D.G. Donovan	 	 
	 

	 	Title:
	 	Vice President	 	 

Attest:

	 	 	 	 	 
	/s/ M. Callahan	 	 
	 	 	 
	Name:

	 	M. Callahan	 	 
	Title:

	 	Vice President

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