Document:

exv10w8

 

Exhibit 10.8

CCE SPINCO, INC.

2005 STOCK INCENTIVE PLAN

FORM OF

STOCK OPTION AGREEMENT

     THIS
STOCK OPTION AGREEMENT (the “Agreement”), made as of the
___ day of ___, 20___ (the
“Grant Date”) by and between CCE Spinco, Inc., a Delaware corporation (the “Company”), and «First»
«Last» (the “Optionee”), evidences the grant by the Company of an Option to purchase shares of the
Company’s common stock, $.01 par value (the “Common Stock”) to the Optionee on such date and the
Optionee’s acceptance of this Option in accordance with the provisions of the CCE Spinco, Inc. 2005
Stock Incentive Plan (the “Plan”). The Company and the Optionee agree as follows:

     1. Grant of Option. Subject to the terms and conditions set forth herein and in the
Plan, the Company hereby grants to the Optionee an option (the
“Option”) to purchase ___ shares
of Common Stock (the “Option Shares”) from the Company at
the price per share of $ ___(the “Option Price”).

     2. Limitations on Exercise of Option. Except as otherwise provided in this Agreement,
this Option will vest and become exercisable with respect to [___%] of the shares of Common Stock
covered thereby on the ___ anniversary of the Grant Date and with respect to an additional [___%]
of the shares of Common Stock covered thereby on the ___ anniversary of the Grant Date and with
respect to an additional [___%] of the shares of Common Stock covered thereby on the ___
anniversary of the Grant Date (each a “Vesting Date”); provided, that, the Optionee
is still employed or performing services for the Company on each such Vesting Date.

     3. Term of Option. Unless sooner terminated in accordance herewith or in the Plan,
this Option shall expire on the tenth anniversary of the Grant Date.

     4. Method of Exercise.

          (a) The Optionee may exercise this Option, from time to time, to the extent then exercisable,
by contacting the Company’s outside Plan administrator (the “Administrator”) and following the
procedures established by the Administrator. The Option Price of this Option may be paid in cash
or by certified or bank check or in any other manner the Compensation Committee of the Company’s
Board of Directors (the “Committee”), in its discretion, may permit, including, without limitation,
(i) the delivery of previously-owned shares, (ii) by a combination of a cash payment and delivery
of previously-owned shares, or (iii) pursuant to a cashless exercise program established and made
available through a registered broker-dealer in accordance with applicable law.

          (b) At the time of exercise, the Optionee shall pay to the Administrator (or at the option of
the Company, to the Company) such amount as the Company deems necessary to

 

 

satisfy its obligation to withhold federal, state or local income or other taxes incurred by
reason of the exercise of this Option. The Optionee may elect to pay to the Administrator (or at
the option of the Company, to the Company) an amount equal to the amount of the taxes which the
Company shall be required to withhold by delivering to the Administrator (or at the option of the
Company, to the Company), cash, a check or at the sole discretion of the Company, shares of Common
Stock having a Fair Market Value equal to the amount of the withholding tax obligation as
determined by the Company.

     5. Issuance of Shares. Except as otherwise provided in the Plan, as promptly as
practical after receipt of notification of exercise and full payment of the Option Price and any
required income tax withholding, the Company shall issue or transfer to the Optionee the number of
Option Shares with respect to which this Option has been so exercised, and shall deliver to the
Optionee or have deposited in the Optionee’s brokerage account with the Administrator a certificate
or certificates therefor, registered in the Optionee’s name.

     6. Termination of Employment.

          (a) If the Optionee’s termination of employment or service is due to death, this Option shall
automatically vest and become immediately exercisable in full and shall be exercisable by the
Optionee’s designated beneficiary, or, if none, the person(s) to whom the Optionee’s rights under
this Option are transferred by will or the laws of descent and distribution for one year following
such termination of employment or service (but in no event beyond the term of the Option), and
shall thereafter terminate.

          (b) If the Optionee’s termination of employment or service is due to Disability (as defined
herein), the Optionee shall be treated, for purposes of this Agreement only, as if his/her
employment or service continued with the Company for the lesser of (i) five years or (ii) the
remaining term of this Option and this Option will continue to vest and remain exercisable during
such period (the “Disability Vesting Period”). Upon expiration of the Disability Vesting Period,
this Option shall automatically terminate; provided, that, if the Optionee should
die during such period, this Option shall automatically vest and become immediately exercisable in
full and shall be exercisable by the Optionee’s designated beneficiary, or, if none, the person(s)
to whom the Optionee’s rights under this Option are transferred by will or the laws of descent and
distribution for one year following such death (but in no event beyond the term of the Option), and
shall thereafter terminate. For purposes of this section, “Disability” shall mean (i) if the
Optionee’s employment with the Company is subject to the terms of an employment or other service
agreement between such Optionee and the Company, which agreement includes a definition of
“Disability”, the term “Disability” shall have the meaning set forth in such agreement during the
period that such agreement remains in effect; and (ii) in all other cases, the term “Disability”
shall mean a physical or mental infirmity which impairs the Optionee’s ability to perform
substantially his or her duties for a period of one hundred eighty (180) consecutive days.

          (c) If the Optionee’s termination of employment or service is due to Retirement (as defined
herein), the Optionee shall be treated, for purposes of this Agreement only, as if his/her
employment or service continued with the Company for the lesser of (i) five years or (ii) the
remaining term of this Option and this Option will continue to vest and remain

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exercisable during such period (the “Retirement Vesting Period”). Upon expiration of the
Retirement Vesting Period, this Option shall automatically terminate; provided,
that, if the Optionee should die during such period, this Option shall automatically vest
and become immediately exercisable in full and shall be exercisable by the Optionee’s designated
beneficiary, or, if none, the person(s) to whom such Optionee’s rights under this Option are
transferred by will or the laws of descent and distribution for one year following such death (but
in no event beyond the term of the Option), and shall thereafter terminate. For purposes of this
section, “Retirement” shall mean the Optionee’s resignation from the Company on or after the date
on which the sum of his/her (i) full years of age (measured as of his/her last birthday preceding
the date of termination of employment or service) and (ii) full years of service with the Company
measured from his/her date of hire (or re-hire, if later), is equal at least seventy (70);
provided, that, the Optionee must have attained at least the age of sixty (60)
and completed at least five (5) full years of service with the Company prior to the date of
his/her resignation. Any disputes relating to whether the Optionee is eligible for Retirement
under this Agreement, including, without limitation, his years’ of service, shall be settled by the
Committee in its sole discretion.

          (d) If the termination of the Optionee’s employment or service is for Cause (as defined
herein), this Option shall terminate upon such termination of employment or service, regardless of
whether this Option was then exercisable. For purposes of this section, “Cause” shall mean the
Optionee’s (i) intentional failure to perform reasonably assigned duties, (ii) dishonesty or
willful misconduct in the performance of duties, (iii) involvement in a transaction in connection
with the performance of duties to the Company which transaction is adverse to the interests of the
Company and which is engaged in for personal profit or (iv) willful violation of any law, rule or
regulation in connection with the performance of duties (other than traffic violations or similar
offenses).

          (e) If the termination of the Optionee’s of employment or service is for any other reason,
the unvested portion of this Option, any, shall terminate on the date of termination and the vested
portion of this Option shall be exercisable for a period of three-months following such termination
of employment or service (but in no event beyond the term of the Option), and shall thereafter
terminate. The Optionee’s status as an employee shall not be considered terminated in the case of
a leave of absence agreed to in writing by the Company (including, but not limited to, military and
sick leave); provided, that, such leave is for a period of not more than
three-months or re-employment upon expiration of such leave is guaranteed by contract or statute.

          (f) Notwithstanding any other provision of this Agreement or the Plan to the contrary,
including, without limitation, Sections 7(b) and 7(c) of this Agreement:

               (i) If it is determined by the Committee that prior to the date that this Option is fully
vested (whether or not during the Disability Vesting Period or the Retirement Vesting Period), the
Optionee engaged (or is engaging in) any activity that is harmful to the business or reputation of
the Company (or any parent or subsidiary), including, without limitation, any “Competitive
Activity” (as defined below) or conduct prejudicial to or in conflict with the Company (or any
parent or subsidiary) or any material breach of a contractual obligation to the Company (or any
parent or subsidiary) (collectively, “Prohibited Acts”), then, upon such

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determination by the Committee, this Option shall be cancelled and cease to be exercisable
(whether or not then vested).

               (ii) If it is determined by the Committee that the Optionee engaged (or is engaging in) any
Prohibited Act where such Prohibited Act occurred or is occurring within the one (1) year period
immediately following the exercise of any Option granted under this Agreement, the Optionee agrees
that he/she will repay to the Company any gain realized on the exercise of such Option (such gain
to be valued as of the relevant exercise date(s)). Such repayment obligation will be effective as
of the date specified by the Committee. Any repayment obligation must be satisfied in cash or, if
permitted in the sole discretion of the Committee, in shares of Common Stock having a Fair Market
Value equal the gain realized upon exercise of the Option. The Company is specifically authorized
to off-set and deduct from any other payments, if any, including, without limitation, wages, salary
or bonus, that it may own the Optionee to secure the repayment obligations herein contained.

The determination of whether the Optionee has engaged in a Prohibited Act shall be determined by
the Committee in good faith and in its sole discretion. The provisions of this Section shall have
no effect following a Change in Control. For purposes of this Agreement, the term “Competitive
Activity” shall mean the Optionee, without the prior written permission of the Committee, any where
in the world where the Company (or any parent or subsidiary) engages in business, directly or
indirectly, (i) entering into the employ of or rendering any services to any person, entity or
organization engaged in a business which is directly or indirectly related to the businesses of the
Company or any parent or subsidiary (“Competitive Business”) or (ii) becoming associated with or
interested in any Competitive Business as an individual, partner, shareholder, creditor, director,
officer, principal, agent, employee, trustee, consultant, advisor or in any other relationship or
capacity other than ownership of passive investments not exceeding 1% of the vote or value of such
Competitive Business.

          (g) The term “Company” as used in this Agreement with reference to the employment or service
of the Optionee shall include the Company and its subsidiaries, as appropriate.

     7. Change in Control. Upon the occurrence of a Change in Control (as defined herein),
this Option shall become immediately vested and exercisable in full. For the purposes hereof, the
term “Change in Control” shall mean a transaction or series of transactions which constitutes an
“exchange transaction” within the meaning of the Plan or such other event involving a change in
ownership or control of the business or assets of the Company as the Board, acting in its
discretion, may determine.

     8. Rights as a Stockholder. No shares of Common Stock shall be issued in respect of
the exercise of this Option until payment of the exercise price and the applicable tax withholding
obligations have been satisfied or provided for to the satisfaction of the Company, and the
Optionee shall have no rights as a stockholder with respect to any shares covered by this Option
until such shares are duly and validly issued by the Company to or on behalf of the Optionee.

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     9. Non-Transferability. This Option is not assignable or transferable except upon the
Optionee’s death to a beneficiary designated by the Optionee in a manner prescribed or approved for
this purpose by the Committee or, if no designated beneficiary shall survive the Optionee, pursuant
to the Optionee’s will or by the laws of descent and distribution. During an Optionee’s lifetime,
this Option may be exercised only by the Optionee or the Optionee’s guardian or legal
representative.

     10. Limitation of Rights. Nothing contained in this Agreement shall confer upon the
Optionee any right with respect to the continuation of his employment or service with the Company,
or interfere in any way with the right of the Company at any time to terminate such employment or
other service or to increase or decrease, or otherwise adjust, the compensation and/or other terms
and conditions of the Optionee’s employment or other service.

     11. Restrictions on Transfer. The Optionee agrees, by acceptance of this Option,
that, upon issuance of any shares hereunder, that, unless such shares are then registered under
applicable federal and state securities laws, (i) acquisition of such shares will be for investment
and not with a view to the distribution thereof, and (ii) the Company may require an investment
letter from the Optionee in such form as may be recommended by Company counsel. The Company shall
in no event be obliged to register any securities pursuant to the Securities Act of 1933 (as now in
effect or as hereafter amended) or to take any other affirmative action in order to cause the
exercise of this Option or the issuance or transfer of shares pursuant thereto to comply with any
law or regulation of any governmental authority.

     12. Notice. Any notice to the Company provided for in this Agreement shall be
addressed to it in care of its Secretary at the Company’s executive offices, and any notice to the
Optionee shall be addressed to the Optionee at the current address shown on the payroll records of
the Company. Any notice shall be deemed to be duly given if and when properly addressed and posted
by registered or certified mail, postage prepaid.

     13. Incorporation of Plan by Reference. This Option is granted pursuant to the terms
of the Plan, the terms of which are incorporated herein by reference, and this Option shall in all
respects be interpreted in accordance with the Plan. The Committee shall interpret and construe
the Plan and this Agreement and its interpretations and determinations shall be conclusive and
binding on the parties hereto and any other person claiming an interest hereunder, with respect to
any issue arising hereunder or thereunder. In the event of a conflict or inconsistency between the
terms and provisions of the Plan and the provisions of this Agreement, the Plan shall govern and
control. All capitalized terms not defined herein shall have the meaning ascribed to them as set
forth in the Plan.

     14. Governing Law. This Agreement and the rights of all persons claiming under this
Agreement shall be governed by the laws of the State of Delaware, without giving effect to
conflicts of laws principles thereof.

     15. Tax Status of Option. This Option is [not] intended to be an incentive stock
option within the meaning of Section 422 of the Code.

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     16. Miscellaneous. This Agreement shall be binding upon and shall inure to the
benefit of the parties hereto and their respective successors and permitted assigns. This
Agreement constitutes the entire agreement between the parties with respect to the subject matter
hereof and may not be modified other than by written instrument executed by the parties.

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     IN WITNESS WHEREOF, the parties hereto have signed this Agreement as of the date first above
written.

	 	 	 	 	 	 	 	 
	 	 	 	 	CCE SPINCO, INC.
	 
	 	 	 	 	 	 
	Optionee:

	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 
	 

	 	 	 	 	 	Name:
	 

	 	 	 	 	 	Title:

7exv10w9

 

Exhibit 10.9

CCE SPINCO, INC.

2005 STOCK INCENTIVE PLAN

FORM OF

RESTRICTED STOCK AWARD AGREEMENT

     THIS
RESTRICTED STOCK AWARD AGREEMENT (the “Agreement”), made as
of the ___ day of ___, 20___ (the “Grant Date”) by and between CCE Spinco, Inc., a Delaware corporation (the “Company”), and
___(the “Grantee”), evidences the grant by the Company of an award of restricted stock
(the “Award”) to the Grantee on such date and the Grantee’s acceptance of the Award in accordance
with the provisions of the CCE Spinco, Inc. 2005 Stock Incentive Plan (the “Plan”). The Company
and the Grantee agree as follows:

     1. Basis for Award. This Award is made under the Plan pursuant to Section 8 thereof
for service rendered or to be rendered to the Company by the Grantee, subject to all of the terms
and conditions of this Agreement, including, without limitation, Section 4(b) hereof.

     2. Stock Awarded.

          (a) The Company hereby awards to the Grantee, in the aggregate, shares of Restricted Stock
(the “Restricted Stock”) which shall be subject to the restrictions and conditions set forth in the
Plan and in this Agreement.

          (b) Shares of Restricted Stock shall be evidenced by book-entry registration with the
Company’s transfer agent, subject to such stop-transfer orders and other terms deemed appropriate
by the Compensation Committee of the Company’s Board of Directors (the “Committee”) to reflect the
restrictions applicable to such Award. Notwithstanding the foregoing, if any certificate is issued
in respect of shares of Restricted Stock at the sole discretion of the Committee, such certificate
shall be registered in the name of Grantee and shall bear an appropriate legend referring to the
terms, conditions, and restrictions applicable to such award, substantially in the following form:

“THE TRANSFERABILITY OF THIS CERTIFICATE AND THE COMMON STOCK REPRESENTED
HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS (INCLUDING FORFEITURE)
CONTAINED IN THE RESTRICTED STOCK AWARD AGREEMENT DATED AS OF ___,
20___, ENTERED INTO BETWEEN THE REGISTERED OWNER AND CCE SPINCO, INC.”

If a certificate is issued with respect to the Restricted Stock, the Committee may require that the
certificate evidencing such shares be held in custody by the Company until the restrictions thereon
shall have lapsed and that the Grantee deliver a stock power, endorsed in blank, relating to the
Shares covered by such Award. At the expiration of the restrictions, the Company shall instruct
the transfer agent to release the shares from the restrictions applicable to such Award, subject to
the terms of the Plan and applicable law or, in the event that a certificate has been

 

 

issued, redeliver to the Grantee (or his legal representative, beneficiary or heir) share
certificates for the Shares deposited with it without any legend except as otherwise provided by
the Plan, this Agreement or applicable law. During the period that the Grantee holds the shares of
Restricted Stock, the Grantee shall have the right to receive dividends on and to vote the
Restricted Stock while it is subject to restriction; provided, however, that shares of Common Stock
distributed in connection with a stock split or stock dividend, and other property distributed as a
dividend, with respect to the Restricted Stock shall be subject to the transfer and forfeiture
restrictions to the same extent as the Restricted Stock. If the Award is forfeited in whole or in
part, the Grantee will assign, transfer, and deliver any evidence of the shares of Restricted Stock
to the Company and cooperate with the Company to reflect such forfeiture.

          (c) In addition to the forfeiture restrictions set forth herein, prior to vesting as provided
in Sections 3 and 4(a) of this Agreement, the shares of Restricted Stock may not be sold, assigned,
transferred, hypothecated, pledged or otherwise alienated (collectively a “Transfer”) by the
Grantee and any such Transfer or attempted Transfer, whether voluntary or involuntary, and if
involuntary whether by process of law in any civil or criminal suit, action or proceeding, whether
in the nature of an insolvency or bankruptcy proceeding or otherwise, shall be void and of no
effect.

     3. Vesting. Except as otherwise provided in this Agreement, the restrictions
described in Section 2 of this Agreement will lapse with respect to 25% of the Restricted Stock on
the third anniversary of the Grant Date and as to an additional 25% of the Restricted Stock on the
fourth anniversary of the Grant Date and as to an additional 50% of the Restricted Stock on the
fifth anniversary of the Grant Date (each a “Vesting Date”); provided, that, the
Grantee is still employed or performing services for the Company on each such Vesting Date. In the
event of the Grantee’s termination of employment or service prior to the date that all of the
Restricted Stock is vested, except as otherwise provided in this Agreement, all Restricted Stock
still subject to restriction shall be forfeited.

          (a) If the Grantee’s termination of employment or service is due to death and such death
occurs prior to the date that all of the Restricted Stock is vested, all restrictions will lapse
with respect to 100% of the Restricted Stock still subject to restriction on the date of death.

          (b) If the Grantee’s termination of employment or service is due to Disability (as defined
herein) or Retirement (as defined herein) and such Disability or Retirement, as the case may be,
occurs prior to the date that all of the Restricted Stock is vested, the Grantee shall be treated,
for purposes of this Agreement only, as if his/her employment or service continued with the Company
until the date that all restrictions on the Restricted Stock have lapsed (the “Extension Period”)
and such Restricted Stock will vest in accordance with the schedule set forth herein;
provided, that, if the Grantee dies during the Extension Period and the Restricted
Stock has not been forfeited in accordance with Section 4(b), all restrictions will lapse with
respect to 100% of the Restricted Stock still subject to restriction on the date of death.
“Disability” shall mean (i) if the Grantee’s employment with the Company is subject to the terms of
an employment or other service agreement between such Grantee and the Company, which agreement
includes a definition of “Disability”, the term “Disability” shall have the meaning set forth in
such agreement during the period that such agreement remains in effect; and (ii) in all other
cases, the term “Disability” shall mean a physical or mental infirmity which impairs the

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Grantee’s ability to perform substantially his or her duties for a period of one hundred
eighty (180) consecutive days. “Retirement” shall mean the Grantee’s resignation from the Company
on or after the date on which the sum of his/her (i) full years of age (measured as of his/her last
birthday preceding the date of termination of employment or service) and (ii) full years of service
with the Company (or any parent or subsidiary) measured from his date of hire (or re-hire, if
later), is equal at least seventy (70); provided, that, the Grantee must have
attained at least the age of sixty (60) and completed at least five (5) full years of
service with the Company (or any parent or subsidiary) prior to the date of his/her resignation.
Any disputes relating to whether the Grantee is eligible for Retirement under this Agreement,
including, without limitation, his years’ of service, shall be settled by the Committee in its sole
discretion.

          (c) If the Grantee’s termination of employment or service is for any other reason and such
termination occurs prior to the date that all of the Restricted Stock is vested, the Restricted
Stock still subject to restriction shall automatically be forfeited upon such cessation of
employment or services.

          (d) The term “Company” as used in this Agreement with reference to employment or service of
the Grantee shall include the Company and its parent and subsidiaries, as appropriate.

     4. Special Rules.

          (a) Change in Control. In the event of a Change in Control, the restrictions
described in Sections 2 and 3 of this Agreement will lapse with respect to 100% of the Restricted
Stock still subject to restriction. For the purposes hereof, the term “Change in Control” shall
mean a transaction or series of transactions which constitutes an “exchange transaction” within the
meaning of the Plan or such other event involving a change in ownership or control of the business
or assets of the Company as the Board, acting in its discretion, may determine.

          (b) Forfeiture.

               (i) Notwithstanding the provisions of Section 3 of this Agreement and any other provision of
this Agreement or the Plan to the contrary, if it is determined by the Committee that prior to the
date that all of the Restricted Stock is vested (whether or not during the Extension Period), the
Grantee engaged (or is engaging in) any activity that is harmful to the business or reputation of
the Company (or any parent or subsidiary), including, without limitation, any “Competitive
Activity” (as defined below) or conduct prejudicial to or in conflict with the Company (or any
parent or subsidiary) or any material breach of a contractual obligation to the Company (or any
parent or subsidiary) (collectively, “Prohibited Acts”), then, upon such determination by the
Committee, all Restricted Stock granted to the Grantee under this Agreement which is still subject
to restriction shall be cancelled and forfeited.

               (ii) Notwithstanding any other provision of this Agreement or the Plan to the contrary, if it
is determined by the Committee that the Grantee engaged (or is engaging in) any Prohibited Act
where such Prohibited Act occurred or is occurring within the one (1) year period immediately
following the vesting of any Restricted Stock under this Agreement (including, without limitation,
vesting that occurs by application of Section 3(b) of this

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Agreement), the Grantee agrees that he/she will repay to the Company any gain realized on the
vesting of such Restricted Stock (such gain to be valued as of the relevant Vesting Date(s) based
on the Fair Market Value of the Restricted Stock on the relevant Vesting Date(s) over the purchase
price paid, if any, of such stock). Such repayment obligation will be effective as of the date
specified by the Committee. Any repayment obligation must be satisfied in cash or, if permitted in
the sole discretion of the Committee, in shares of Common Stock having a Fair Market Value equal
the value of the Restricted Stock on the relevant Vesting Date(s). The Company is specifically
authorized to off-set and deduct from any other payments, if any, including, without limitation,
wages, salary or bonus, that it may own the Grantee to secure the repayment obligations herein
contained.

               (iii) The determination of whether the Grantee has engaged in a Prohibited Act shall be
determined by the Committee in good faith and in its sole discretion.

               (iv) The provisions of this Section 4(b) shall have no effect following a Change in Control.

               (v) For purposes of this Agreement, the term “Competitive Activity” shall mean the Grantee,
without the prior written permission of the Committee, any where in the world where the Company (or
any parent or subsidiary) engages in business, directly or indirectly, (A) entering into the employ
of or rendering any services to any person, entity or organization engaged in a business which is
directly or indirectly related to the businesses of the Company or any parent or subsidiary
(“Competitive Business”) or (B) becoming associated with or interested in any Competitive Business
as an individual, partner, shareholder, creditor, director, officer, principal, agent, employee,
trustee, consultant, advisor or in any other relationship or capacity other than ownership of
passive investments not exceeding 1% of the vote or value of such Competitive Business.

     5. Compliance with Laws and Exchange Requirements. The issuance and transfer of any
shares of Common Stock shall be subject to compliance by the Company and the Grantee with all
applicable requirements of securities laws and with all applicable requirements of any stock
exchange on which the shares may be listed at the time of such issuance or transfer. The Grantee
understands that the Company is under no obligation to register or qualify the shares of Common
Stock with the Securities and Exchange Commission, any state securities commission or any stock
exchange to effect such compliance.

     6. Tax Withholding.

          (a) The Grantee agrees that, subject to clause 6(b) below, no later than the date as of which
the restrictions on the Restricted Stock shall lapse with respect to all or any of the Restricted
Stock covered by this Agreement, the Grantee shall pay to the Company (in cash or to the extent
permitted by the Committee in its sole discretion, shares of Common Stock held by the Grantee whose
Fair Market Value is equal to the amount of the Grantee’s tax withholding liability) any federal,
state or local taxes of any kind required by law to be withheld, if any, with respect to the
Restricted Stock for which the restrictions shall lapse. The Company or its subsidiaries shall, to
the extent permitted by law, have the right to deduct from any payment of any kind otherwise due to
the Grantee any federal, state or local taxes of any kind required by

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law to be withheld with respect to the shares of Restricted Stock. The Company may refuse to
instruct the transfer agent to release the shares of Common Stock or redeliver share certificates
if the Grantee fails to comply with any withholding obligation.

          (b) If the Grantee properly elects, within thirty (30) days of the Grant Date, to include in
gross income for federal income tax purposes an amount equal to the Fair Market Value as of the
Grant Date of the Restricted Stock granted hereunder pursuant to Section 83(b) of the Internal
Revenue Code of 1986, as amended, the Grantee shall pay to the Company, or make other arrangements
satisfactory to the Committee to pay to the Company, any federal, state or local taxes required to
be withheld with respect to such shares. If the Grantee fails to make such payments, the Company
or its affiliates shall, to the extent permitted by law, have the right to deduct from any payment
of any kind otherwise due to the Grantee any federal, state or local taxes of any kind required by
law to be withheld with respect to such Shares. The Company may refuse to instruct the transfer
agent to release the shares or redeliver share certificates if Grantee fails to comply with any
withholding obligation.

     7. Limitation of Rights. Nothing contained in this Agreement shall confer upon the
Grantee any right with respect to the continuation of his employment or service with the Company,
or interfere in any way with the right of the Company at any time to terminate such employment or
other service or to increase or decrease, or otherwise adjust, the compensation and/or other terms
and conditions of the Grantee’s employment or other service.

     8. Representations and Warranties of Grantee. The Grantee represents and warrants to
the Company that:

          (a) Agrees to Terms of the Plan. The Grantee has received a copy of the Plan and the
Prospectus prepared pursuant to the Form S-8 Registration Statement relating to the Plan and has
read and understands the terms of the Plan, this Agreement and the Prospectus, and agrees to be
bound by their terms and conditions. The Grantee acknowledges that there may be adverse tax
consequences upon the vesting of Restricted Stock or disposition of the Shares once vested, and
that the Grantee should consult a tax adviser prior to such time.

          (b) Cooperation. The Grantee agrees to sign such additional documentation as may
reasonably be required from time to time by the Company.

     9. Incorporation of Plan by Reference. The Award is granted pursuant to the terms of
the Plan, the terms of which are incorporated herein by reference, and the Award shall in all
respects be interpreted in accordance with the Plan. The Committee shall interpret and construe
the Plan and this Agreement and its interpretations and determinations shall be conclusive and
binding on the parties hereto and any other person claiming an interest hereunder, with respect to
any issue arising hereunder or thereunder. In the event of a conflict or inconsistency between the
terms and provisions of the Plan and the provisions of this Agreement, the Plan shall govern and
control. All capitalized terms not defined herein shall have the meaning ascribed to them as set
forth in the Plan.

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     10. Governing Law. This Agreement and the rights of all persons claiming under this
Agreement shall be governed by the laws of the State of Delaware, without giving effect to
conflicts of laws principles thereof.

     11. Miscellaneous. This Agreement shall be binding upon and shall inure to the
benefit of the parties hereto and their respective successors and permitted assigns. This
Agreement constitutes the entire agreement between the parties with respect to the subject matter
hereof and may not be modified other than by written instrument executed by the parties.

          IN WITNESS WHEREOF, the parties hereto have signed this Agreement as of the date first above
written.

	 	 	 	 	 	 	 	 
	 	 	 	 	CCE SPINCO, INC.
	 
	 	 	 	 	 	 
	Grantee:

	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 
	 

	 	 	 	 	 	Name:
	 

	 	 	 	 	 	Title:

6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00095-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00095-of-00352.parquet"}]]