Document:

EX-10.2

DR PEPPER SNAPPLE GROUP, INC.

OMNIBUS STOCK INCENTIVE PLAN OF 2008

          1. Plan. This Dr Pepper Snapple Group, Inc. Omnibus Stock Incentive Plan of 2008 (this “Plan”) was
adopted by Dr Pepper Snapple Group, Inc., a Delaware corporation (the “Company”), to reward certain
employees, consultants and nonemployee directors of the Company or its Subsidiaries by enabling
them to acquire shares of common stock of the Company.

          2. Objectives. This Plan is designed to attract and retain employees and consultants of the
Company and its Subsidiaries, to attract and retain qualified nonemployee directors of the Company,
to encourage the sense of proprietorship of such employees, consultants and nonemployee directors
and to stimulate the active interest of such persons in the development and financial success of
the Company and its Subsidiaries. These objectives are to be accomplished by making Awards under
this Plan and thereby providing Participants with a proprietary interest in the growth and
performance of the Company and its Subsidiaries. All Performance Awards payable under the Plan to
Executive Officers are intended to be deductible by the Company under Section 162(m) (as such terms
are defined below).

          3. Definitions. As used herein, the terms set forth below shall have the following respective
meanings:

     “Authorized Officer” means the Chairman of the Board or the Chief Executive Officer of the
Company (or any other senior officer of the Company to whom either of them shall delegate the
authority to execute any Award Agreement).

     “Award” means the grant of any Option, Stock Appreciation Right, Stock Award or Performance
Award, whether granted singly, in combination or in tandem, to a Participant pursuant to such
applicable terms, conditions and limitations as the Committee may establish in accordance with the
objectives of the Plan.

     “Award Agreement” means any written agreement (including in electronic form) between the
Company and a Participant setting forth the terms, conditions and limitations applicable to an
Award.

     “Board” means the board of directors of the Company.

     “Cadbury Board” means the board of directors of Cadbury Schweppes plc.

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

     “Committee” means, on and after the Separation Date, the Compensation Committee of the Board,
any successor committee thereto or such other committee of the Board as may be designated by the
Board to administer the Plan and, prior to the Separation Date, a committee of the Cadbury Board
appointed by the Cadbury Board.

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     “Common Stock” means the Common Stock, par value $.01 per share, of the Company.

     “Consultant” means any consultant or independent contractor of the Company or any Subsidiary,
but not including any Employee or Nonemployee Director.

     “Dividend Equivalents” means, with respect to shares of Restricted Stock or Restricted Stock
Units, with respect to which shares are to be issued at the end of the Restriction Period, an
amount equal to all dividends and other distributions (or the economic equivalent thereof) that are
payable to shareholders of record during the Restriction Period on a like number of shares of
Common Stock.

     “Employee” means an employee of the Company or any of its Subsidiaries and an individual who
has agreed to become an employee of the Company or any of its Subsidiaries and actually becomes
such an employee within the following six months.

     “Executive Officer” means a “covered employee” within the meaning of Section 162(m)(3) or any
other executive officer designated by the Committee for purposes of exempting compensation payable
under the Plan from the deduction limitations of Section 162(m).

     “Fair Market Value” of a share of Common Stock means, as of a particular date, (i) if shares
of Common Stock are listed on a national securities exchange, the closing sales price per share of
Common Stock on the consolidated transaction reporting system for the principal national securities
exchange on which shares of Common Stock are listed on that date, or, if there shall have been no
such sales reported on that date, on the last preceding date on which such a sale was so reported,
(ii) if the Common Stock is not so listed but is traded on an over-the-counter market, the mean
between the closing bid and asked price on that date, or, if there are no such prices available for
such date, on the last preceding date on which such prices shall be available, as reported by the
National Quotation Bureau Incorporated, or (iii) if shares of Common Stock are not publicly traded,
the most recent value determined by an independent appraiser appointed by the Company for such
purpose. Notwithstanding the foregoing, in the case of any Initial Award the price shall be equal
to the Company’s fair market value, as determined by the Committee in good faith based upon the
available facts and circumstances at the time.

     “Incentive Option” means an Option that is intended to comply with the requirements set forth
in Section 422 of the Code.

     “Initial Awards” means those Awards granted by the Committee prior to but contingent upon and
effective only as of the Publicly Traded Date.

     “Option” means a right to purchase a specified number of shares of Common Stock at a specified
price.

     “Nonemployee Director” means an individual serving as a member of the Board who is not an
employee of the Company or any of its Subsidiaries.

     “Nonqualified Option” means an Option that is not intended to comply with the requirements set
forth in Section 422 of the Code.

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     “Participant” means an Employee, Consultant or Nonemployee Director to whom an Award has been
made under this Plan.

     “Performance Award” means an award made pursuant to this Plan to a Participant who is an
Employee, which Award is subject to the attainment of one or more Performance Goals.

     “Performance Goal” means a standard established by the Committee, to determine in whole or in
part whether a Performance Award shall be earned.

     “Publicly Traded Date” means the first day the U.S. Securities and Exchange Commission
declares the Form 10 registration statement effective.

     “Restricted Stock” means any Common Stock that is restricted or subject to forfeiture
provisions.

     “Restricted Stock Unit” means a unit evidencing the right to receive one share of Common Stock
or equivalent value (as determined by the Committee) that is restricted or subject to forfeiture
provisions.

     “Restriction Period” means a period of time beginning as of the date upon which an Award of
Restricted Stock or Restricted Stock Units is made pursuant to this Plan and ending as of the date
upon which the Common Stock subject to such Award is issued (if not previously issued) no longer
restricted or subject to forfeiture provisions.

     “Section 162(m)” means Section 162(m) of the Code and any Treasury Regulations and guidance
promulgated thereunder.

     “Section 409A” means Section 409A of the Code and any Treasury Regulations and guidance
promulgated thereunder.

     “Separation Date” means May 7, 2008.

     “Stock Appreciation Right” means a right to receive a payment, in cash or Common Stock, equal
to the excess of the Fair Market Value or other specified valuation of a specified number of shares
of Common Stock on the date the right is exercised over a specified strike price, in each case, as
determined by the Committee.

     “Stock Award” means an award in the form of shares of Common Stock or units denominated in
shares of Common Stock.

     “Subsidiary” means (i) in the case of a corporation, any corporation of which the Company
directly or indirectly owns shares representing 50% or more of the combined voting
power of the shares of all classes or series of capital stock of such corporation which have
the right to vote generally on matters submitted to a vote of the shareholders of such corporation
and (ii) in the case of a partnership or other business entity not organized as a corporation, any
such business entity of which the Company directly or indirectly owns 50% or more of the voting,
capital or profits interests (whether in the form of partnership interests, membership interests or
otherwise).

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     “Substitute Award” means a Stock Award granted by the Committee (i) prior to but contingent
upon and effective only as of the Publicly Traded Date in replacement for an equity based award
previously granted by Cadbury Schweppes plc (or any predecessor) or (ii) as a replacement or
substitute, in whole or in part, for compensation granted by a former employer or service provider
that is forfeited or foregone by a Participant in connection with his or her employment or
engagement by the Company.

          4. Eligibility.

     (a) Employees. All Employees are eligible for Awards under this Plan in the sole
discretion of the Committee.

     (b) Consultants. Consultants are eligible for Awards under this Plan in the sole
discretion of the Committee.

     (c) Nonemployee Directors. Nonemployee Directors are eligible for Awards under this
Plan, in their capacities as directors.

          5. Common Stock Available for Awards. Subject to the provisions of paragraph 15 hereof, there
shall be available for Awards under this Plan granted wholly or partly in Common Stock (including
rights or options that may be exercised for or settled in Common Stock) an aggregate of 9,000,000
shares of Common Stock plus any shares that are subject to Substitute Awards. In the sole
discretion of the Committee, 2,000,000 shares of Common Stock may be granted as Incentive Options.
Additionally, the number of shares of Common Stock that are the subject of Awards under this Plan,
that are cancelled, forfeited, terminated, expire unexercised or that are settled through issuance
or consideration other than shares of Common Stock (including, without limitation, cash), shall
again immediately become available for Awards hereunder. The number of shares reserved for
issuance under the Plan shall be reduced only to the extent that shares of Common Stock are
actually issued in connection with the exercise or settlement of an Award. The Committee may from
time to time adopt and observe such procedures concerning the counting of shares against the Plan
maximum as it may deem appropriate. The Committee and the appropriate officers of the Company
shall be authorized to, from time to time, take all such actions as any of them may determine are
necessary or appropriate to file any documents with governmental authorities, stock exchanges and
transaction reporting systems as may be required to ensure that shares of Common Stock are
available for issuance pursuant to Awards.

          6. Administration.

     (a) Authority of the Committee. Subject to the provisions hereof, this Plan shall be
administered and interpreted by the Committee. The Committee shall have full and exclusive
power and authority to administer this Plan and to take all actions that are specifically
contemplated hereby or are necessary or appropriate in connection with the administration
hereof. The Committee shall also have full and exclusive power to interpret this Plan and
to make factual and legal determinations and to adopt such rules, regulations and guidelines
for carrying out this Plan as it may deem necessary or proper, all of which powers shall be
exercised in the best interests of the Company and in

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keeping with the objectives of this
Plan. Subject to paragraph 6(c) hereof, the Committee may, in its sole discretion, provide
for the extension of the exercisability of an Award, accelerate the vesting or
exercisability of an Award, eliminate or make less restrictive any restrictions contained in
an Award, waive any restriction or other provision of this Plan or an Award or otherwise
amend or modify an Award in any manner that is (i) not materially adverse to the Participant
to whom such Award was granted, (ii) consented to by such Participant or (iii) authorized by
paragraph 15(c) hereof; provided, however, that no such action shall permit the term of any
Option to be greater than ten years from the applicable grant date. The Committee may make
an Award to an individual who it expects to become an employee of the Company or any of its
Subsidiaries within the next six months, with such Award being subject to the individual’s
actually becoming an employee within such time period, and subject to such other terms and
conditions as may be established by the Committee. The Committee may correct any defect or
supply any omission or reconcile any inconsistency in this Plan or in any Award in the
manner and to the extent the Committee deems necessary or desirable to further the Plan
purposes. Any decision of the Committee in the interpretation and administration of this
Plan shall lie within its sole discretion and shall be final, conclusive and binding on all
parties concerned.

     (b) Limitation of Liability. No member of the Committee or officer of the Company to
whom the Committee has delegated authority in accordance with the provisions of paragraph 7
of this Plan shall be liable for anything done or omitted to be done by him or her, by any
member of the Committee or by any officer of the Company in connection with the performance
of any duties under this Plan, except for his or her own willful misconduct or as expressly
provided by statute.

     (c) Prohibition on Repricing of Awards. No Award may be repriced, replaced, regranted
through cancellation or modified without shareholder approval (except in connection with a
change in the Company’s capitalization), if the effect would be to reduce the exercise price
for the shares underlying such Award.

          7. Delegation of Authority. Except with respect to matters under Section 162(m) that are required
to be determined or established by the Committee to qualify Awards to Executive Officers as
qualified “performance-based compensation,” the Committee may delegate to the Chief Executive
Officer and to other senior officers of the Company or to such other committee of the Board its
duties under this Plan pursuant to such conditions or limitations as the Committee may establish.

          8. Awards. (a) The Committee shall determine the type or types of Awards to be made under this
Plan and shall designate from time to time the Participants who are to be the recipients of such
Awards. Each Award shall be embodied in an Award Agreement, which shall contain such terms,
conditions and limitations as shall be determined by the Committee in its sole discretion and may
be signed by the Participant to whom the Award is made and by an Authorized Officer for and on
behalf of the Company. Awards may consist of those listed in this paragraph 8(a) and may be
granted singly, in combination or in tandem. Awards may also be made in combination or in tandem
with, in replacement of, or as alternatives to, grants or rights under this Plan or any other plan
of the Company or any of its Subsidiaries, including the plan of

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any acquired entity; provided
that, except as contemplated in paragraph 15 hereof, no Option may be issued in exchange for the
cancellation of an Option with a higher exercise price nor may the exercise price of any Option be
reduced. All or part of an Award may be subject to conditions established by the Committee, which
may include, but are not limited to, continuous service with the Company and its Subsidiaries,
achievement of specific business objectives, increases in specified indices, attainment of
specified growth rates and other comparable measurements of performance. Upon the termination of
employment by a Participant, any unexercised, deferred, unvested or unpaid Awards shall be treated
as set forth in the applicable Award Agreement.

     (i) Option. An Award may be in the form of an Option. An Option awarded pursuant to
this Plan may consist of an Incentive Option or a Nonqualified Option. Incentive Options
may not be awarded to Nonemployee Directors. The price at which shares of Common Stock may
be purchased upon the exercise of an Option shall be not less than the Fair Market Value of
the Common Stock on the date of grant. The term of an Option shall not exceed ten years
from the date of grant. Subject to the foregoing provisions, the terms, conditions and
limitations applicable to any Options awarded pursuant to this Plan, including the term of
any Options and the date or dates upon which they become exercisable, shall be determined by
the Committee.

     (ii) Stock Appreciation Right. An Award may be in the form of a Stock Appreciation
Right. The strike price for a Stock Appreciation Right shall not be less than the Fair
Market Value of the Common Stock on the date on which the Stock Appreciation Right is
granted. The term of a Stock Appreciation Right shall not exceed ten years from the date of
grant. Subject to the foregoing limitations, the terms, conditions and limitations
applicable to any Stock Appreciation Rights awarded pursuant to this Plan, including the
term of any Stock Appreciation Rights and the date or dates upon which they become
exercisable, shall be determined by the Committee.

     (iii) Stock Award. An Award may be in the form of a Stock Award. The terms,
conditions and limitations applicable to any Stock Awards granted pursuant to this Plan
shall be determined by the Committee, subject to the limitations specified below. Any Stock
Award which is not a Performance Award shall have a minimum Restriction Period of three
years from the date of grant, provided that (i) the Committee may provide for earlier
vesting following a change in control or other specified events involving the Company or
upon an Employee’s termination of employment by reason of death, disability or retirement,
(ii) such three-year minimum Restricted Period shall not apply to
a Stock Award that is granted in lieu of salary or bonus, and (iii) vesting of a Stock
Award may occur incrementally over the three-year minimum Restricted Period; provided,
however, that such three-year minimum Restricted Period shall not apply to any Substitute
Award.

     (iv) Performance Award. Without limiting the type or number of Awards that may be made
under the other provisions of this Plan, an Award may be in the form of a Performance Award.
The terms, conditions and limitations applicable to any Performance Awards granted to
Participants pursuant to this Plan shall be determined by the Committee, subject to the
limitations specified below. Any Stock Award which is a

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Performance Award shall have a
minimum Restriction Period of one year from the date of grant, provided that the Committee
may provide for earlier vesting following a change in control or other specified events
involving the Company, or upon a termination of employment by reason of death, disability or
retirement, subject to the limitations specified below. The Committee shall set Performance
Goals in its sole discretion which, depending on the extent to which they are met, will
determine the value and/or amount of Performance Awards that will be paid out to the
Participant and/or the portion of an Award that may be exercised.

          (A) Nonqualified Performance Awards. Performance Awards granted to Employees or
Nonemployee Directors that are not intended to qualify as qualified performance-based
compensation under Section 162(m) shall be based on achievement of such Performance Goals
and be subject to such terms, conditions and restrictions as the Committee or its delegate
shall determine.

          (B) Qualified Performance Awards. Performance Awards granted to Executive Officers
under the Plan that are intended to qualify as qualified performance-based compensation
under Section 162(m) shall be paid, vested or otherwise deliverable solely on account of the
attainment of one or more pre-established, objective Performance Goals established and
administered by the Committee in accordance with Section 162(m) prior to the earlier to
occur of (x) 90 days after the commencement of the period of service to which the
Performance Goal relates and (y) the lapse of 25% of the period of service (as scheduled in
good faith at the time the goal is established), and in any event while the outcome is
substantially uncertain. A Performance Goal is objective if a third party having knowledge
of the relevant facts could determine whether the goal is met. Such a Performance Goal may
be based on one or more business criteria that apply to an Executive Officer, one or more
business units, divisions or sectors of the Company, or the Company as a whole, and if so
desired by the Committee, by comparison with a peer group of companies. A Performance Goal
may include one or more of the following and need not be the same for each Executive
Officer:

	 	•	 	revenue and income measures (which include revenue, gross margin, income
from operations, net income, net sales and earnings per share);
	 
	 	•	 	expense measures (which include costs of goods sold, selling, general and
administrative expenses and overhead costs);
	 
	 	•	 	operating measures (which include volume, margin, productivity and market
share);
	 
	 	•	 	cash flow measures (which include net cash flow from operating activities
and working capital);
	 
	 	•	 	liquidity measures (which include earnings before or after the effect of
certain items such as interest, taxes, depreciation and amortization, and free
cash flow);

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	 	•	 	leverage measures (which include debt-to-equity ratio and net debt);
	 
	 	•	 	market measures (which include stock price, total shareholder return and
market capitalization measures);
	 
	 	•	 	return measures (which include return on equity, return on assets and return
on invested capital);
	 
	 	•	 	corporate value measures (which include compliance, safety, environmental
and personnel matters); and
	 
	 	•	 	other measures such as those relating to acquisitions, dispositions or
customer satisfaction.

Unless otherwise stated, such a Performance Goal need not be based upon an increase or
positive result under a particular business criterion and could include, for example,
maintaining the status quo, performance relative to a peer group determined by the Committee
or limiting economic losses (measured, in each case, by reference to specific business
criteria). In interpreting Plan provisions applicable to Performance Goals and qualified
Performance Awards, it is the intent of the Plan to conform with Section 162(m), including,
without limitation, Treasury Regulation §1.162-27(e)(2)(i), as to grants to Executive
Officers and the Committee in establishing such goals and interpreting the Plan shall be
guided by such provisions. Prior to the payment of any compensation based on the
achievement of Performance Goals applicable to qualified Performance Awards, the Committee
must certify in writing that applicable Performance Goals and any of the material terms
thereof were, in fact, satisfied. Subject to the foregoing provisions, the terms,
conditions and limitations applicable to any qualified Performance Awards made pursuant to
this Plan shall be determined by the Committee to the extent permitted by Section 162(m).

     (b) The Committee shall adjust the Performance Goals (either up or down) and the level
of the Performance Award that a Participant may earn under this Plan, to the extent
permitted pursuant to Section 162(m), if it determines that the occurrence of external
changes or other unanticipated business conditions have materially affected the fairness of
the goals and have unduly influenced the Company’s ability to meet them, including without
limitation, events such as material acquisitions, changes in the capital
structure of the Company, and extraordinary accounting changes. In addition,
Performance Goals and Performance Awards shall be calculated without regard to any changes
in accounting standards that may be required by the Financial Accounting Standards Board
after such Performance Goals are established. Further, in the event a period of service to
which a Performance Goal relates is less than twelve months, the Committee shall have the
right, in its sole discretion, to adjust the Performance Goals and the level of Performance
Award opportunity.

     (c) Notwithstanding anything to the contrary contained in this Plan, the following
limitations shall apply to Awards that are not Substitute Awards made hereunder:

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     (i) no Participant may be granted, during any one-year period, Awards
consisting of Options or Stock Appreciation Rights that are exercisable for more
than 500,000 shares of Common Stock; and

     (ii) no Participant may be granted, during any one-year period, Stock Awards
covering or relating to more than 250,000 shares of Common Stock (the limitation set
forth in this clause (ii), together with the limitation set forth in clause (i)
above, being hereinafter collectively referred to as the “Stock-based Awards
Limitations”).

          9. Awards to Nonemployee Directors. The Committee may grant a Nonemployee Director of the
Company one or more Awards and establish the terms thereof in accordance with paragraph 8
consistent with the provisions therein for the granting of Awards to Employees and subject to the
applicable terms, conditions and limitations set forth in this Plan and the applicable Award
Agreement.

          10. Award Payment; Dividends; Substitution; Fractional Shares.

     (a) General. Payment of Awards may be made in the form of cash or Common Stock, or a
combination thereof, and may include such restrictions as the Committee shall determine,
including, in the case of Common Stock, restrictions on transfer and forfeiture provisions.
If payment of an Award is made in the form of Restricted Stock, the applicable Award
Agreement relating to such shares shall specify whether they are to be issued at the
beginning or end of the Restriction Period. In the event that shares of Restricted Stock
are to be issued at the beginning of the Restriction Period, the certificates evidencing
such shares (to the extent that such shares are so evidenced) shall contain appropriate
legends and restrictions that describe the terms and conditions of the restrictions
applicable thereto. In the event that shares of Restricted Stock are to be issued at the
end of the Restricted Period, the right to receive such shares shall be evidenced by book
entry registration or in such other manner as the Committee may determine.

     (b) Deferral. With the approval of the Committee, amounts payable in respect of Awards
may be deferred and paid either in the form of installments or as a lump-sum payment;
provided, however, that if deferral is permitted, each provision of the
Award shall be interpreted to permit the deferral only as allowed in compliance with
the requirements of Section 409A and any provision that would conflict with such
requirements shall not be valid or enforceable. The Committee intends that any Awards under
the Plan satisfy or qualify as exempt from the applicable requirements of Section 409A to
avoid imposition of applicable taxes thereunder. The Committee may permit selected
Participants to elect to defer payments of some or all types of Awards in accordance with
procedures established by the Committee. Any deferred payment of an Award, whether elected
by the Participant or specified by the Award Agreement or by the Committee, may be forfeited
if and to the extent that the Award Agreement so provides.

     (c) Dividends and Interest. Rights to dividends or Dividend Equivalents may be
extended to and made part of any Award consisting of shares of Common Stock or

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units
denominated in shares of Common Stock, subject to such terms, conditions and restrictions as
the Committee may establish. The Committee may also establish rules and procedures for the
crediting of interest on deferred cash payments and Dividend Equivalents for Awards
consisting of shares of Common Stock or units denominated in shares of Common Stock.

     (d) Fractional Shares. No fractional shares shall be issued or delivered pursuant to
any Award under this Plan. The Committee shall determine whether cash, Awards or other
property shall be issued or paid in lieu of fractional shares, or whether fractional shares
or any rights thereto shall be forfeited or otherwise eliminated.

          11. Stock Option Exercise. The price at which shares of Common Stock may be purchased under an
Option shall be paid in full at the time of exercise in cash or, if elected by the Participant, the
Participant may purchase such shares by means of tendering Common Stock or surrendering another
Award, including Restricted Stock, valued at Fair Market Value on the date of exercise, or any
combination thereof. The Committee, in its sole discretion, shall determine acceptable methods for
Participants to tender Common Stock or other Awards. In accordance with the rules and procedures
established by the Committee for this purpose and subject to applicable law, Options may also be
exercised through “cashless exercise” procedures approved by the Committee involving a broker or
dealer approved by the Committee. Unless otherwise provided in the applicable Award Agreement, in
the event shares of Restricted Stock are tendered as consideration for the exercise of an Option, a
number of the shares issued upon the exercise of the Option, equal to the number of shares of
Restricted Stock used as consideration thereof, shall be subject to the same restrictions as the
Restricted Stock so submitted as well as any additional restrictions that may be imposed by the
Committee.

          12. Taxes. The Company shall have the right to deduct applicable taxes from any Award payment and
withhold, at the time of delivery or vesting of cash or shares of Common Stock under this Plan, an
appropriate amount of cash or number of shares of Common Stock or a combination thereof for payment
of taxes required by law or to take such other action as may be necessary in the opinion of the
Company to satisfy all obligations for withholding of such taxes. The Committee
may also permit withholding to be satisfied by the transfer to the Company of shares of Common
Stock theretofore owned by the holder of the Award with respect to which withholding is required.
If shares of Common Stock are used to satisfy tax withholding, such shares shall be valued based on
the Fair Market Value when the tax withholding is required to be made.

          13. Amendment, Modification, Suspension or Termination. The Board or the Committee may amend,
modify, suspend or terminate this Plan for the purpose of meeting or addressing any changes in
legal requirements or for any other purpose permitted by law, except that (i) no amendment or
alteration that would materially adversely affect the rights of any Participant under any Award
previously granted to such Participant shall be made without the consent of such Participant and
(ii) no amendment or alteration shall be effective prior to its approval by the shareholders of
the Company to the extent shareholder approval is otherwise required by applicable legal
requirements.

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          14. Assignability. Unless otherwise determined by the Committee in the Award Agreement, no Award
or any other benefit under this Plan shall be assignable or otherwise transferable. Any attempted
assignment of an Award or any other benefit under this Plan in violation of this paragraph 14 shall
be null and void.

          15. Adjustments.

     (a) The existence of outstanding Awards shall not affect in any manner the right or
power of the Company or its shareholders to make or authorize any or all adjustments,
recapitalizations, reorganizations or other changes in the capital stock of the Company or
its business or any merger or consolidation of the Company, or any issue of bonds,
debentures, preferred or prior preference stock (whether or not such issue is prior to, on a
parity with or junior to the Common Stock) or the dissolution or liquidation of the Company,
or any sale or transfer of all or any part of its assets or business, or any other corporate
act or proceeding of any kind, whether or not of a character similar to that of the acts or
proceedings enumerated above.

     (b) In the event of any subdivision or consolidation of outstanding shares of Common
Stock, declaration of a dividend payable in shares of Common Stock or other stock split,
then (i) the number of shares of Common Stock reserved under this Plan, (ii) the number of
shares of Common Stock covered by outstanding Awards in the form of Common Stock or units
denominated in Common Stock, (iii) the exercise or other price in respect of such Awards,
(iv) the Stock-based Award Limitations described in paragraph 8(c) hereof, (v) the number of
shares of Common Stock covered by Awards to Nonemployee Directors granted pursuant to
paragraph 9 hereof, and (vi) the appropriate Fair Market Value and other price
determinations for such Awards shall each be proportionately adjusted by the Board to
reflect such transaction. In the event of any other recapitalization or capital
reorganization of the Company, any consolidation or merger of the Company with another
corporation or entity, the adoption by the Company of any plan of exchange affecting the
Common Stock or any distribution to holders of
Common Stock of securities or property (other than normal cash dividends or dividends
payable in Common Stock), the Board shall make appropriate adjustments to (i) the number of
shares of Common Stock covered by Awards in the form of Common Stock or units denominated in
Common Stock, (ii) the exercise or other price in respect of such Awards, and (iii) the
appropriate Fair Market Value and other price determinations for such Awards, (iv) the
number of shares of Common Stock covered by Awards to Nonemployee Directors automatically
granted pursuant to paragraph 9 hereof and (v) the Stock-based Award Limitations described
in paragraph 8(b) hereof, to give effect to such transaction shall each be proportionately
adjusted by the Board to reflect such transaction; provided that such adjustments shall only
be such as are necessary to maintain the proportionate interest of the holders of the Awards
and preserve, without exceeding, the value of such Awards.

     (c) In the event of a corporate merger, consolidation, acquisition of property or
stock, separation, reorganization or liquidation, the Board may make such adjustments to
Awards or other provisions for the disposition of Awards as it deems equitable, and shall be
authorized, in its sole discretion, (i) to provide for the substitution of a new

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Award or
other arrangement (which, if applicable, may be exercisable for such property or stock as
the Board determines) for an Award or the assumption of the Award, regardless of whether in
a transaction to which Section 424(a) of the Code applies, (ii) to provide, prior to the
transaction, for the acceleration of the vesting and exercisability of, or lapse of
restrictions with respect to, the Award and, if the transaction is a cash merger, provide
for the termination of any portion of the Award that remains unexercised at the time of such
transaction or (iii) to cancel any such Awards and to deliver to the Participants cash in an
amount that the Board shall determine in its sole discretion is equal to the fair market
value of such Awards on the date of such event, which in the case of Options or Stock
Appreciation Rights shall be the excess of the Fair Market Value of Common Stock on such
date over the exercise price of such Award (for the avoidance of doubt, if the exercise
price is less than Fair Market Value the Option or Stock Appreciation Right may be canceled
for no consideration).

          16. Restrictions. No Common Stock or other form of payment shall be issued with respect to any
Award unless the Company shall be satisfied based on the advice of its counsel that such issuance
will be in compliance with applicable federal and state securities laws. Certificates evidencing
shares of Common Stock delivered under this Plan (to the extent that such shares are so evidenced)
may be subject to such stop transfer orders and other restrictions as the Committee may deem
advisable under the rules, regulations and other requirements of the Securities and Exchange
Commission, any securities exchange or transaction reporting system upon which the Common Stock is
then listed or to which it is admitted for quotation and any applicable federal or state securities
law. The Committee may cause a legend or legends to be placed upon such certificates (if any) to
make appropriate reference to such restrictions.

          17. Unfunded Plan. Insofar as it provides for Awards of cash, Common Stock or rights thereto, this
Plan shall be unfunded. Although bookkeeping accounts may be established with respect to
Participants who are entitled to cash, Common Stock or rights thereto under this Plan, any such
accounts shall be used merely as a bookkeeping convenience. The Company shall not be required to
segregate any assets that may at any time be represented by cash, Common Stock or rights thereto,
nor shall this Plan be construed as providing for such segregation, nor shall the Company, the
Board or the Committee be deemed to be a trustee of any cash, Common Stock or rights thereto to be
granted under this Plan. Any liability or obligation of the Company to any Participant with
respect to an Award of cash, Common Stock or rights thereto under this Plan shall be based solely
upon any contractual obligations that may be created by this Plan and any Award Agreement, and no
such liability or obligation of the Company shall be deemed to be secured by any pledge or other
encumbrance on any property of the Company. Neither the Company nor the Board nor the Committee
shall be required to give any security or bond for the performance of any obligation that may be
created by this Plan.

          18. Section 409A of the Code. Notwithstanding anything in this Plan to the contrary, if any Plan
provision or Award under the Plan would result in the imposition of an applicable tax under Section
409A, that Plan provision or Award shall be reformed to avoid imposition of the applicable tax and
no such action shall be deemed to adversely affect the Participant’s rights to an Award.

-12-

 

          19. Governing Law. This Plan and all determinations made and actions taken pursuant hereto, to the
extent not otherwise governed by mandatory provisions of the Code or the securities laws of the
United States, shall be governed by and construed in accordance with the laws of the State of
Delaware.

          20. No Right to Employment or Directorship. Nothing in the Plan or an Award Agreement shall
interfere with or limit in any way the right of the Company or a Subsidiary to terminate any
Participant’s employment or other service relationship at any time, nor confer upon any Participant
any right to continue in the capacity in which he or she is employed or otherwise serves the
Company or any Subsidiary. Further, nothing in the Plan or an Award Agreement constitutes any
assurance or obligation of the Board to nominate any Nonemployee Director for re-election by the
Company’s shareholders.

          21. Successors. All obligations of the Company under the Plan with respect to Awards granted
hereunder shall be binding on any successor to the Company, whether the existence of such successor
is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or
substantially all of the business and/or assets of the Company.

          22. Effectiveness. This Plan is effective May 7, 2008, the date on which it was approved by the shareholders of the
Company. The Plan shall continue in effect for a term of ten years after the date on which the
shareholders of the Company approve the Plan, unless sooner terminated by action of the Board.

-13-

 

          IN WITNESS WHEREOF, the Company has caused this Plan to be executed by its duly authorized
officer, effective as provided herein.

	 	 	 	 	 	 	 
	 	 	DR PEPPER SNAPPLE GROUP, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ James L. Baldwin, Jr.	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Corporate Secretary	 	 

-14-EX-10.3

DR PEPPER SNAPPLE GROUP, INC.

ANNUAL CASH INCENTIVE PLAN

                    1. Plan. This Dr Pepper Snapple Group, Inc. Annual Cash Incentive Plan (this “Plan”) was adopted
by Dr Pepper Snapple Group, Inc., a Delaware corporation (the “Company”), to reward certain
employees of the Company or its Subsidiaries by enabling them to receive performance-based cash
compensation.

                    2. Objectives. This Plan is designed to attract and retain employees of the Company and its
Subsidiaries and to stimulate the active interest of such persons in the development and financial
success of the Company and its Subsidiaries. These objectives are to be accomplished by making
cash awards under this Plan based on the achievement of certain performance goals. All awards
payable under the Plan to Executive Officers are intended to be deductible by the Company under
Section 162(m) (as such terms are defined below).

                    3. Definitions. As used herein, the terms set forth below shall have the following respective
meanings:

     “Authorized Officer” means the Chairman of the Board or the Chief Executive Officer of the
Company (or any other senior officer of the Company to whom either of them shall delegate the
authority to execute any Award Agreement).

     “Award Agreement” means any written agreement (including in electronic form) between the
Company and a Participant setting forth the terms, conditions and limitations applicable to a
Performance Cash Award.

     “Board” means the board of directors of the Company.

     “Cadbury Board” means the board of directors of Cadbury Schweppes plc.

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

     “Committee” means, on and after the Separation Date, the Compensation Committee of the Board,
any successor committee thereto or such other committee of the Board as may be designated by the
Board to administer the Plan and, prior to the Separation Date, a committee of the Cadbury Board
appointed by the Cadbury Board.

     “Employee” means an employee of the Company or any of its Subsidiaries and an individual who
has agreed to become an employee of the Company or any of its Subsidiaries and actually becomes
such an employee within the following six months.

     “Executive Officer” means a “covered employee” within the meaning of Section 162(m)(3) or any
other executive officer designated by the Committee for purposes of exempting compensation payable
under the Plan from the deduction limitations of Section 162(m).

 

 

     “Participant” means an Employee to whom a Performance Cash Award has been made under this
Plan.

     “Performance Cash Award” or “Award” means the grant of any award to a Participant pursuant to
such applicable terms, conditions and limitations as the Committee may establish in accordance with
the objectives of the Plan, which award is subject to the attainment of one or more Performance
Goals.

     “Performance Goal” means a standard established by the Committee, to determine in whole or in
part whether a Performance Cash Award shall be earned.

     “Publicly Traded Date” means the first day the U. S. Securities and Exchange Commission
declares the Form 10 registration statement effective.

     “Section 162(m)” means Section 162(m) of the Code and any Treasury Regulations and guidance
promulgated thereunder.

     “Section 409A” means Section 409A of the Code and any Treasury Regulations and guidance
promulgated thereunder.

     “Separation Date” means May 7, 2008.

     “Subsidiary” means (i) in the case of a corporation, any corporation of which the Company
directly or indirectly owns shares representing 50% or more of the combined voting power of the
shares of all classes or series of capital stock of such corporation which have the right to vote
generally on matters submitted to a vote of the shareholders of such corporation and (ii) in the
case of a partnership or other business entity not organized as a corporation, any such business
entity of which the Company directly or indirectly owns 50% or more of the voting, capital or
profits interests (whether in the form of partnership interests, membership interests or
otherwise).

     4. Eligibility. All Employees are eligible for Performance Cash Awards under this Plan in the
sole discretion of the Committee.

     5. Administration.

     (a) Authority of the Committee. Subject to the provisions hereof, this Plan shall be
administered and interpreted by the Committee. The Committee shall have full and exclusive
power and authority to administer this Plan and to take all actions that are specifically
contemplated hereby or are necessary or appropriate in connection with the
administration hereof. The Committee shall also have full and exclusive power to
interpret this Plan and to make factual and legal determinations and to adopt such rules,
regulations and guidelines for carrying out this Plan as it may deem necessary or proper,
all of which powers shall be exercised in the best interests of the Company and in keeping
with the objectives of this Plan. The Committee may, in its sole discretion, provide for
the acceleration of vesting of a Performance Cash Award, eliminate or make less restrictive
any restrictions contained in a Performance Cash Award, waive any restriction or other
provision of this Plan or a Performance Cash Award or otherwise

-2-

 

amend or modify a
Performance Cash Award in any manner that is (i) not materially adverse to the Participant
to whom such Performance Cash Award was granted, or (ii) consented to by such Participant.
The Committee may make a Performance Cash Award to an individual who it expects to become an
employee of the Company or any of its Subsidiaries within the next six months, with such
Performance Cash Award being subject to the individual’s actually becoming an employee
within such time period, and subject to such other terms and conditions as may be
established by the Committee. The Committee may correct any defect or supply any omission
or reconcile any inconsistency in this Plan or in any Performance Cash Award in the manner
and to the extent the Committee deems necessary or desirable to further the Plan purposes.
Any decision of the Committee in the interpretation and administration of this Plan shall
lie within its sole discretion and shall be final, conclusive and binding on all parties
concerned.

     (b) Limitation of Liability. No member of the Committee or officer of the Company to
whom the Committee has delegated authority in accordance with the provisions of paragraph 6
of this Plan shall be liable for anything done or omitted to be done by him or her, by any
member of the Committee or by any officer of the Company in connection with the performance
of any duties under this Plan, except for his or her own willful misconduct or as expressly
provided by statute.

     6. Delegation of Authority.

     Except with respect to matters under Section 162(m) that are required
to be determined or established by the Committee to qualify Performance Cash Awards to Executive
Officers as qualified “performance-based compensation” the Committee may delegate to the Chief
Executive Officer and to other senior officers of the Company or to such other committee of the
Board its duties under this Plan pursuant to such conditions or limitations as the Committee may
establish.

     7. Performance Cash Awards.

     (a) The Committee shall determine the type or types of Performance Cash Awards to be
made under this Plan and shall designate from time to time the Participants who are to be
the recipients of such Performance Cash Awards. Each Performance Cash Award shall be
embodied in an Award Agreement, which shall contain such terms, conditions and limitations
as shall be determined by the Committee in its sole discretion and may be signed by the
Participant to whom the Performance Cash Award is made and
by an Authorized Officer for and on behalf of the Company. All or part of a
Performance Cash Award may be subject to conditions established by the Committee, which may
include, but are not limited to, continuous service with the Company and its Subsidiaries.
Upon the termination of employment by a Participant, any deferred, unvested or unpaid
Performance Cash Awards shall be treated as set forth in the applicable Award Agreement.

The terms, conditions and limitations applicable to any Performance Cash Awards granted to
Participants pursuant to this Plan shall be determined by the Committee, subject to the
limitations specified below. The Committee shall set Performance Goals in its sole
discretion which, depending on the extent to which they are met, will determine the amount
of Performance Cash Awards that will be paid out to the Participant.

-3-

 

     (i) Nonqualified Performance Cash Awards. Performance Cash Awards granted to Employees
that are not intended to qualify as qualified performance-based compensation under Section
162(m) shall be based on achievement of such Performance Goals and be subject to such terms,
conditions and restrictions as the Committee or its delegate shall determine.

     (ii) Qualified Performance Cash Awards. Performance Cash Awards granted to Executive
Officers under the Plan that are intended to qualify as qualified performance-based
compensation under Section 162(m) shall be paid on account of the attainment of one or more
pre-established, objective Performance Goals established and administered by the Committee
in accordance with Section 162(m) prior to the earlier to occur of (x) 90 days after the
commencement of the period of service to which the Performance Goal relates and (y) the
lapse of 25% of the period of service (as scheduled in good faith at the time the goal is
established), and in any event while the outcome is substantially uncertain. A Performance
Goal is objective if a third party having knowledge of the relevant facts could determine
whether the goal is met. Such a Performance Goal may be based on one or more business
criteria that apply to an Executive Officer, one or more business units, divisions or
sectors of the Company, or the Company as a whole, and if so desired by the Committee, by
comparison with a peer group of companies. A Performance Goal may include one or more of
the following and need not be the same for each Executive Officer:

	 	•	 	revenue and income measures (which include revenue, gross margin, income
from operations, net income, net sales and earnings per share);
	 
	 	•	 	expense measures (which include costs of goods sold, sales, general and
administrative expenses and overhead costs);
	 
	 	•	 	operating measures (which include volume, margin, productivity and market
share);
	 
	 	•	 	cash flow measures (which include net cash flow from operating activities
and working capital);
	 
	 	•	 	liquidity measures (which include earnings before or after the effect of
certain items such as interest, taxes, depreciation and amortization, and free
cash flow);
	 
	 	•	 	leverage measures (which include equity ratio and net debt);
	 
	 	•	 	market measures (including those relating to stock price, total shareholder
return and market capitalization measures);
	 
	 	•	 	return measures (which include return on equity, return on assets and return
on invested capital);

-4-

 

	 	•	 	corporate value measures (which include compliance, safety, environmental
and personnel matters); and
	 
	 	•	 	other measures such as those relating to acquisitions, dispositions or
customer satisfaction.

Unless otherwise stated, such a Performance Goal need not be based upon an increase or
positive result under a particular business criterion and could include, for example,
maintaining the status quo, performance relative to a peer group determined by the Committee
or limiting economic losses (measured, in each case, by reference to specific business
criteria). In interpreting Plan provisions applicable to Performance Goals and qualified
Performance Cash Awards, it is the intent of the Plan to comply with Section 162(m),
including, without limitation, Treasury Regulation §1.162-27(e)(2)(i), as to grants to
Executive Officers and the Committee in establishing such goals and interpreting the Plan
shall be guided by such provisions. Prior to the payment of any compensation based on the
achievement of Performance Goals applicable to qualified Performance Cash Awards, the
Committee must certify in writing that applicable Performance Goals and any of the material
terms thereof were, in fact, satisfied. Subject to the foregoing provisions, the terms,
conditions and limitations applicable to any qualified Performance Cash Awards made pursuant
to this Plan shall be determined by the Committee to the extent permitted under Section
162(m).

     (b) The Committee shall adjust the Performance Goals (either up or down) and the level
of the Performance Cash Award that a Participant may earn under this Plan, to the extent
permitted pursuant to Section 162(m), if it determines that the occurrence of external
changes or other unanticipated business conditions have materially affected the fairness of
the goals and have unduly influenced the Company’s ability to meet them, including without
limitation, events such as material acquisitions, changes in the capital structure of the
Company, and extraordinary accounting changes. In addition, Performance Goals and
Performance Cash Awards shall be calculated without regard to any changes in accounting
standards that may be required by the Financial Accounting Standards Board after such
Performance Goals are established. Further, in the event a period of service to which a
Performance Goal relates is less than 12 months, the
Committee shall have the right, in its sole discretion, to adjust the Performance Goals
and the level of Performance Cash Award opportunity.

     (c) Notwithstanding anything to the contrary contained in this Plan, the amount payable
to a Participant under this Plan in respect of any one-year period shall not exceed
$5,000,000.

     8. Performance Cash Award Payment.

     (a) General. Payment of Performance Cash Awards shall be made in the form of cash, and
may include such restrictions as the Committee shall determine.

     (b) Deferral. With the approval of the Committee, amounts payable in respect of
Performance Cash Awards may be deferred and paid either in the form of

-5-

 

installments or as a
lump-sum payment; provided, however, that if deferral is permitted, each provision of the
Performance Cash Award shall be interpreted to permit the deferral only as allowed in
compliance with the requirements of Section 409A and any provision that would conflict with
such requirements shall not be valid or enforceable. The Committee intends that any
Performance Cash Awards under the Plan satisfy or qualify as exempt from the applicable
requirements of Section 409A to avoid imposition of applicable taxes thereunder. The
Committee may permit selected Participants to elect to defer payments of Performance Cash
Awards in accordance with procedures established by the Committee. Any deferred payment of
a Performance Cash Award, whether elected by the Participant or specified by the Award
Agreement or by the Committee, may be forfeited if and to the extent that the Award
Agreement so provides.

              9. Taxes. The Company shall have the right to deduct applicable taxes from any Performance Cash
Award payment and withhold, at the time of delivery or vesting of cash under this Plan, an
appropriate amount of cash for payment of taxes required by law or to take such other action as may
be necessary in the opinion of the Company to satisfy all obligations for withholding of such
taxes.

              10. Amendment, Modification, Suspension or Termination. The Board or the Committee may amend,
modify, suspend or terminate this Plan for the purpose of meeting or addressing any changes in
legal requirements or for any other purpose permitted by law, except that (i) no amendment or
alteration that would materially adversely affect the rights of any Participant under any
Performance Cash Award previously granted to such Participant shall be made without the consent of
such Participant and (ii) no amendment or alteration shall be effective prior to its approval by
the shareholders of the Company to the extent shareholder approval is otherwise required by
applicable legal requirements.

              11. Assignability. Unless otherwise determined by the Committee in the Award Agreement, no
Performance Cash Award or any other benefit under this Plan shall be assignable or otherwise
transferable. Any attempted assignment of a Performance Cash Award or any other benefit under this Plan in
violation of this paragraph 11 shall be null and void.

              12. Adjustments. In the event of a corporate merger, consolidation, acquisition of property or
stock, separation, reorganization or liquidation, the Board may make such adjustments to
Performance Cash Awards or other provisions for the disposition of Awards as it deems equitable,
and shall be authorized, in its sole discretion, (i) to provide for the substitution of a new
Performance Cash Award or other arrangement (which, if applicable, may be exercisable for such
property or stock as the Board determines) for a Performance Cash Award or the assumption of the
Performance Cash Award, (ii) to provide, prior to the transaction, for the acceleration of the
vesting of the Performance Cash Award or (iii) to cancel any such Performance Cash Awards and to
deliver to the Participants cash in an amount that the Board shall determine in its sole
discretion.

              13. Unfunded Plan. This Plan shall be unfunded. Although bookkeeping accounts may be established
with respect to Participants who are entitled to cash, any such accounts shall be used merely as a
bookkeeping convenience. The Company shall not be required to segregate any assets that may at any
time be represented by cash or rights thereto, nor

-6-

 

shall this  Plan be construed as providing for
such segregation, nor shall the Company, the Board or the Committee be deemed to be a trustee of
any cash or rights thereto to be granted under this Plan. Any liability or obligation of the
Company to any Participant with respect to a Performance Cash Award of cash or rights thereto under
this Plan shall be based solely upon any contractual obligations that may be created by this Plan
and any Award Agreement, and no such liability or obligation of the Company shall be deemed to be
secured by any pledge or other encumbrance on any property of the Company. Neither the Company nor
the Board nor the Committee shall be required to give any security or bond for the performance of
any obligation that may be created by this Plan.

             14. Section 409A of the Code. Notwithstanding anything in this Plan to the contrary, if any Plan
provision or Performance Cash Award under the Plan would result in the imposition of an applicable
tax under Section 409A, that Plan provision or Performance Cash Award shall be reformed to avoid
imposition of the applicable tax and no such action shall be deemed to adversely affect the
Participant’s rights to a Performance Cash Award.

             15. Governing Law. This Plan and all determinations made and actions taken pursuant hereto, to the
extent not otherwise governed by mandatory provisions of the Code or the securities laws of the
United States, shall be governed by and construed in accordance with the laws of the State of
Delaware.

             16. No Right to Employment. Nothing in the Plan or an Award Agreement shall interfere with or
limit in any way the right of the Company or a Subsidiary to terminate any Participant’s employment
or other service relationship at any time, nor confer upon any Participant any right to continue in the capacity in
which he or she is employed or otherwise serves the Company or any Subsidiary.

             17. Successors. All obligations of the Company under the Plan with respect to Performance Cash
Awards granted hereunder shall be binding on any successor to the Company, whether the existence of
such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise,
of all or substantially all of the business and/or assets of the Company.

             18. Effectiveness. This Plan is effective May 6, 2008. The Plan shall continue in effect for a
term of 10 years, unless sooner terminated by action of the Board.

-7-

 

          IN WITNESS WHEREOF, the Company has caused this Plan to be executed by its duly authorized
officer, effective as provided herein.

	 	 	 	 	 	 	 
	 	 	DR PEPPER SNAPPLE GROUP, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ James L. Baldwin, Jr.	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Corporate Secretary	 	 

-8-

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