Document:

Deferred Compensation Plan for Non-Employee Directors

 
EXHIBIT 10.17

 

 
 
DEFERRED COMPENSATION
PLAN 
FOR 
NONEMPLOYEE DIRECTOR COMPENSATION 
 
(As Amended and Restated Effective April 15, 2002) 
 

	1.	 	Purpose.    The purpose of the Deferred Compensation Plan for Nonemployee Directors of Coca-Cola Enterprises Inc. (the “Plan”) is to
provide certain Directors of Coca-Cola Enterprises Inc. (the “Corporation”) a vehicle for the deferral of certain of their compensation as a Director. 

 

	2.	 	Effective Date.    The Plan, as amended and restated, shall become effective as of April 15, 2002. 

 

	3.	 	Eligibility.    All Directors of the Corporation who are not employees of the Corporation or of any subsidiary of the Corporation and the Chairman
of the Board of Directors and shall participate in the Plan. 

 

	4.	 	Automatic Deferral of Compensation. 

 
(a) Automatic Deferrals.    Fifteen Thousand Dollars ($15,000) of each annual retainer and one-third of all meeting fees
payable to a participant shall be deferred under the Plan. Deferrals under this paragraph 4 shall be known as “Automatic Deferrals.” 
 
(b) Qualifying Director.    There shall be no Automatic Deferrals during any calendar year with respect to any Director
having direct or indirect beneficial ownership of the Corporation’s shares representing one percent (1%) or more of the Corporation’s issued and outstanding shares of common stock (a “Qualifying Director”) as of the first trading
day of that year. The percentage will be determined by information set forth in the Corporation’s most recent quarterly report, and any current report subsequent thereto, filed with the Securities and Exchange Commission most immediately prior
to December 31 of the preceding calendar year. 

 

	5.	 	Voluntary Deferral of Compensation. 

 
(a)    Amount of Voluntary Deferral.    A participant may defer receipt of all or a specified portion
of the annual retainer and meeting fees receivable for service as a Director of the Corporation after deduction of Automatic Deferrals, if any, (“Net Compensation”), but not any other compensation or expense reimbursement. Deferrals under
this paragraph 5 shall be known as “Voluntary Deferrals.” 
 
(b)    Manner of Electing Voluntary Deferral.    A participant shall elect to make a Voluntary Deferral by giving written notice to the Corporation on the applicable election form,
attached hereto as Exhibit A or Exhibit B (the “Election Form”), specifying the following: 
 

	 	(i)	 	the amount of the Voluntary Deferral, expressed as a percentage of Net Compensation; and 

 

	 	(ii)	 	whether and, if so, what percentage of Voluntary Deferrals shall be credited to the Stock Account; and 

 

	 	(iii)	 	to the extent that Voluntary Deferrals are credited to the Stock Account, whether Hypothetical Dividends shall be credited to the Stock Account or to the Basic Account.

 
(c)    Time of
Election.    Elections with respect to Voluntary Deferrals may be made at the following times: 
 

	 	(i)	 	A nominee for election for Director (who is not at the time of nomination a sitting Director) may elect a Voluntary Deferral any time before election to the Board and before
being entitled to receive any compensation for service on the Board or a committee. A Voluntary Deferral shall be effective upon such person’s election to the Board. 

 

	 	(ii)	 	A sitting Director who has never elected to make a Voluntary Deferral may elect to make a Voluntary Deferral at any time during the year. Such Voluntary Deferral election
shall not, however, be effective until January 1 of the following year. 

 

	 	(iii)	 	A sitting Director who has discontinued a Voluntary Deferral under subparagraph 5(b), may again elect to make a Voluntary Deferral at any time during the year, but the
election will not be effective until January 1 of the following year. 

 
 

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(d)    Change in, or Discontinuance of, Voluntary Deferral Election.    A participant may elect to change a prior election with respect to his or her Voluntary Deferral by completing a
new Election Form, but such election shall not, however, be effective until January 1 of the following year. A participant may elect to discontinue a Voluntary Deferral at any time, but such election shall not be effective until the first day of the
next calendar quarter. 
 
(e)    Term
of Election.    Unless discontinued pursuant to subparagraph (d) above, a Voluntary Deferral shall continue in effect until the end of the participant’s service as a Director. 
 

	6.	 	Deferred Compensation in Lieu of Retirement Benefits. A participant shall receive deferred compensation in lieu of retirement benefits (“Retirement Benefit
Deferrals”) in the manner described below: 

 
(a)    Annual Increase in Deferred Compensation Accounts.    The deferred compensation of each participant shall be increased each calendar year by $16,000, as described below:

 

	 	(i)	 	With respect to a participant other than a Qualifying Director, such increase shall be made to the participant’s Stock Account in accordance with subparagraph 7(b)(ii).

 

	 	(ii)	 	With respect to a Qualifying Director, such increase shall be to his or her Basic Account, unless he or she elects, on the applicable Election Form, to have such increase be
made to his or her Stock Account. 

 

	 	(iii)	 	Notwithstanding the foregoing, no Retirement Benefit Deferrals shall be credited to the Account of the Chairman of the Board in the event such Chairman is an employee of the
Company as of the first trading day of a calendar year. 

 
(b)    One-Time Deferral of Accrued Retirement Plan Benefit.    For any participant who, at December 31, 1997, had an accrued benefit under the Retirement Plan for the Board of Directors
of Coca-Cola Enterprises Inc. (the “Directors Retirement Plan”) and who made the required election prior to February 28, 1998, his or her Stock Account has been credited with deferred compensation equal to the present value of that benefit
(determined in accordance with subparagraph 7(b)(ii)). 
 
(c)    One-Time Increase in the Deferred Compensation of Certain Participants.    For any participant who did not have an accrued benefit under the Directors Retirement Plan at the time
of such plan’s termination, solely because he or she had not satisfied the eligibility requirement of completing five years of service, his or her Stock Account has been credited with deferred compensation equal to 
 

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the present value of retirement benefits
to which he or she would have been entitled under the Directors Retirement Plan as of December 31, 1997, if he or she had become eligible to participate in that Plan prior to that date. Such increase has been determined in accordance with
subparagraph 7(b)(ii). Notwithstanding the foregoing, if a participant whose Stock Account is increased pursuant to this subparagraph 6(c) leaves the Board of Directors, for any reason, prior to the completion of five years of service on the Board,
the Stock Account of such participant will be reduced, prior to the commencement of any payments under this Plan, by the same number of whole shares of common stock by which it was so increased. 
 
7.    Deferred Compensation
Accounts.    The Corporation shall establish on its books and records one or more deferred compensation accounts for each participant, as provided below. 
 
(a)    Basic Account.    Except to the extent a participant elects
otherwise, all Voluntary Deferrals and the Retirement Benefit Deferrals of a Qualifying Director will be credited to the participant’s Basic Account. At the end of each calendar year or initial or terminal portion of a year, such Basic Account
will be credited with interest, at an annual rate equivalent to the weighted average prime lending rate of SunTrust Bank, Atlanta for the relevant year or portion thereof (the “Interest Equivalents”), upon the average daily balance in the
Basic Account during such year or portion thereof. 
 
(b)    Stock Account. 
 

	 	(i)	 	All Automatic Deferrals and, to the extent specified on the participant’s Election Form, any Voluntary Deferrals, shall be credited to the participant’s Stock
Account. The Corporation shall credit to the Stock Account that number of whole shares of common stock of the Corporation that could be purchased with an amount equal to such Automatic Deferrals and Voluntary Deferrals, determined on the basis of
the average of the high and low market prices at which a share of common stock of the Corporation sold on the trading day preceding the date such compensation would otherwise be payable, as reported on the New York Stock Exchange Composite
Transactions listing. 

 

	 	(ii)	 	All Retirement Benefit Deferrals of participants other than Qualifying Directors (unless such Qualifying Director elects otherwise) shall be credited to the participant’s
Stock Account. The Corporation shall credit to the Stock Account that number of whole shares of the common stock of the Corporation that could be purchased with an amount equal to such Retirement Benefit Deferrals, determined on the basis of the
average of the high and low market prices at 

 

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which a share of common stock of the Corporation sold on the first trading day of the calendar year
to which such Retirement Benefit Deferral relates, as reported on the New York Stock Exchange Composite Transactions listing. Notwithstanding the foregoing, for purposes of the Retirement Benefit Deferrals described in subparagraphs 6(b) and (c),
January 2, 1998 shall be the relevant trading day. 
 

	 	(iii)	 	After crediting such number of whole shares to a participant’s Stock Account in accordance with subparagraphs 7(b)(i) and (ii), any amount which represents a fractional
share shall be credited to the participant’s Basic Account. 

 
(c)    Treatment of Hypothetical Dividends. 
 

	 	(i)	 	“Hypothetical Dividends” refers to an amount equal to dividends paid on shares of common stock which are credited to a participant’s Stock Account, as if that
number of shares had been actually outstanding on the record date of such dividend, and “dividends” means the dividends paid on a share of the Corporation’s common stock from time to time. 

 

	 	(ii)	 	Hypothetical Dividends on the Stock Account balances representing Voluntary Deferrals will be credited to the participant’s Basic Account unless the participant has
elected pursuant to paragraph 5(b)(ii) that they be credited to his or her Dividend Account. 

 

	 	(iii)	 	Hypothetical Dividends on the Stock Account balances representing Automatic Deferrals and Retirement Benefit Deferrals of a participant other than Qualifying Directors will be
credited to the participant’s Dividend Account (as defined in subparagraph (d)). 

 

	 	(iv)	 	Hypothetical Dividends on the Stock Account balances representing Retirement Benefit Deferrals of a Qualifying Director shall be credited to his or her Basic Account unless
the participant elects otherwise. Notwithstanding the preceding sentence, if a Qualifying Director has Stock Account balances representing Voluntary Deferrals, the election pursuant to paragraph 5(b)(ii) shall govern the treatment of Hypothetical
Dividends related to Retirement Benefit Deferrals. 

 
(d) Dividend Account.    Balances in the Dividend Account will be credited with Interest Equivalents as if they were in the Basic Account. However, once a year, effective as of the second Wednesday in
February (the “Dividend Conversion Date”) the credit balance of the Dividend Account will first be credited with any Interest Equivalents earned since the last date it was credited and, 
 

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second, will be treated as if it had
been used to purchase the maximum number of whole shares of the common stock of the Corporation. That number of whole shares will be automatically credited to the Stock Account and any amounts which would represent a fractional share shall remain in
the Dividend Account as a cash balance. To compute the maximum number of whole shares purchasable, each share will be valued at the average of the high and low market prices at which a share of common stock of the Corporation was sold on the trading
day preceding the Dividend Conversion Date, as reported on the New York Stock Exchange Composite Transactions listing. 
 

	8.	 	Value of Deferred Compensation Accounts.    A participant’s Basic Account, Stock Account and Dividend Account shall be referred to collectively
as his or her “Accounts.” The value of each participant’s Accounts shall consist of the total balance in all such Accounts. As promptly as practicable following the close of each calendar year, a statement will be sent to each
participant as to the balance in the participant’s Accounts as of the end of such year, including the number of shares credited to the Stock Account and the value of such shares, based upon the average of the high and low market prices at which
a share of common stock of the Corporation sold on the trading day coincident with or immediately preceding the end of such calendar year, as reported on the New York Stock Exchange Composite Transactions listing. 

 

	9.	 	Payment of Deferred Compensation. 

 
(a)    Form of Payment.    Payments from the Stock Account will be made in whole shares of the
Corporation’s common stock, and payments from all other Accounts will be made in cash. All payments of cash shall include an amount equal to any Interest Equivalents on the Basic Account and the Dividend Account that have accrued through the
date immediately preceding the date such payments are made. 
 
(b)    Election as to Number of Payments. 
 

	 	(i)	 	A participant shall, at the same time as he or she first makes a Voluntary Deferral Election, specify on the Election Form (1) whether the balance of his or her Accounts shall
be paid in a lump-sum payment or a number of annual installments (not to exceed five) and (2) the date the lump-sum payment or the first installment payment shall commence. A participant may change, at any time, his or her election regarding the
commencement of the payment of his or her Account; however, the new election will be effective only if the participant’s 

 

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service from the Board ends one year or more after the date a subsequent Election Form is received
by the Secretary of the Corporation. 
 

	 	(ii)	 	If no election is in effect, the Board may, at its option: (i) make a lump-sum payment of the Accounts; or (ii) make a lump-sum payment from the Stock Account and pay the
balance of all other Accounts in equal monthly installments for a period of no more than 60 months. 

 

	 	(iii)	 	Except as otherwise provided in paragraph 10, below, any lump-sum payment shall occur as soon as reasonably possible following the participant’s retirement from the
Board. 

 
(j)    Method
of Paying Installments.    If the participant elects installment payments, the following rules apply: 
 

	 	(i)	 	The participant may designate as part of such election what portion of each payment shall be debited to and be deemed paid from his or her Stock Account, or from his Basic
Account and Dividend Account, provided that any such designation must be made no later than at the time the participant’s election pursuant to subparagraphs 5(c) (i) and (ii) are first made. If, however, no such designation is made before
payments are to begin, the Corporation shall debit payments proportionately from each of the Accounts. 

 

	 	(ii)	 	During any such installment payment period, the Corporation shall continue to maintain the Stock Account and the Dividend Account, as provided above, and shall on each
Dividend Conversion Date transfer the credit balance from the Dividend Account to the Stock Account, as provided above. 

 

	10.	 	Amount Payable on Death.    In the event of a participant’s death, prior to a total distribution of his or her Accounts, the balance in such
Accounts (including Interest Equivalents in relation to the elapsed portion of the year of death) shall be determined as of the date of death, and the balance shall be paid as soon as reasonably possible thereafter to the beneficiary or
beneficiaries previously designated by the participant. Any such designation shall be in writing and delivered to the Secretary of the Corporation or the Office of the General Counsel and may be changed by a later-dated designation. If there is no
designation in effect, the balance of the participant’s Accounts shall be paid to his or her estate. 

 

	11.	 	Discretionary Lump-Sum Payment.    In the event of a participant’s resignation from the Board of Directors, such participant may, at the sole
discretion of, and with the consent of the Board of 

 

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Directors or its
Committee on Directors, within ninety days after the participant’s resignation revoke any prior election and elect to receive his or her distribution in a lump-sum payment. 
 

	12.	 	Unfunded Promise to Pay; No Segregation of Funds or Assets.    The right of a participant to receive any unpaid portion of the participant’s
Accounts shall be an unsecured claim against the general assets of the Corporation. Neither anything contained in the Agreement nor the establishment or maintenance of the Basic Account, the Stock Account or the Dividend Account shall require the
segregation of any assets of the Corporation or any type of funding by the Corporation of such Accounts or the amounts payable therefrom, it being the intention of the parties that the Plan be an unfunded arrangement for federal income tax purposes.
No participant shall have any rights to or interest in any specific assets or shares of common stock of the Corporation by reason of the Plan, and his or her only rights to enforce payment of the obligations of the Corporation hereunder shall be
those of a general creditor of the Corporation. It is further understood that the shares credited to the Stock Account shall be only a means for measuring the amount of deferred compensation payable under the Plan and shall not constitute or
represent outstanding shares of common stock of the Corporation for any purpose. 

 

	13.	 	Changes in Capitalization.    The number of shares of common stock credited to each participant’s Stock Account shall be proportionately
adjusted for any increase or decrease in the number of issued and outstanding shares of common stock of the Corporation resulting from a subdivision or combination of shares or the payment of a stock dividend in shares of common stock of the
Corporation to holders of outstanding shares or any other increase or decrease in the number of such shares effected without receipt of consideration by the Corporation. Appropriate adjustments shall also be made to reflect any recapitalization,
reclassification of shares or reorganization affecting the capital structure of the Corporation. In the event of a merger or consolidation in which the Corporation is not the surviving corporation or in which the Corporation survives only as a
subsidiary of another corporation, and in such transaction the holders of common stock of the Corporation become entitled to receive shares of stock or securities of the surviving corporation, the participant’s Stock Account shall be credited
with that number of hypothetical shares of securities of the surviving corporation that would be exchanged for the shares of common stock of the Corporation in such transaction if they had been outstanding shares, and any cash or other consideration
that would be receivable if such shares had been outstanding shall be credited to the participant’s Basic Account. 

 

	14.	 	Nonassignability.    The right of a participant to receive any unpaid portion of the participant’s Accounts shall not be assigned, transferred,
pledged or encumbered or be subject in any manner to alienation or anticipation. 

 

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	16.	 	Administration.    This Plan shall be administered by the Secretary of the Corporation, who shall have the authority to adopt rules and regulations
for carrying out the Plan and to interpret, construe and implement the provisions thereof. 

 

	17.	 	Amendment and Termination.    This Plan may be amended, modified or terminated at any time by the Board of Directors of the Corporation; provided,
however, that no such amendment, modification or termination shall, without the consent of a participant, adversely affect such participant’s rights with respect to amounts theretofore accrued to the participant’s Accounts.

 

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COCA-COLA ENTERPRISES INC. 
DEFERRED COMPENSATION PLAN FOR NONEMPLOYEE 
DIRECTOR COMPENSPATION

 
ELECTION FORM 
 
TO THE SECRETARY OF COCA-COLA ENTERPRISES INC. (the
“Corporation”): 
 
Pursuant to the Deferred
Compensation Plan for Nonemployee Director Compensation of the Corporation (the “Plan”), I hereby elect to defer             % of all future payments of annual retainer fees and
meeting fees for service on the Board of Directors of the Corporation. The percentages are applied to the fees net of Automatic Deferrals, as defined in Paragraph 4 of the Plan. 
 
1.    I hereby elect that: 
 
            % of the amounts so deferred be credited
to my Basic Account and thereafter credited with Interest Equivalents, as provided in the Plan, and/or 
 
            % of the amounts so deferred be credited to a Stock Account and
treated as if invested in shares of common stock of the Corporation. 
 
(I understand that unless I elect to have amounts deferred into a Stock Account, all deferred amounts will be credited to my Basic Account.) 
 
2.    (Complete this Item 2 only if you elected to have amounts deferred into a Stock Account.) I hereby
elect to have any Hypothetical Dividends, as provided in the Plan, paid on shares of common stock credited to my Stock Account treated as follows (check one): 
 
             credited to my Basic Account and
thereafter credited with Interest Equivalents, as provided in the Plan. 
 
             credited to a Dividend Account and treated, each February, as reinvested in shares of common stock of the Corporation, as provided in the Plan.

 
(I understand that unless I elect to have Hypothetical
Dividends treated as reivested in the Stock Account, all Hypothetical Dividends will be credited with Interest Equivalents.) 
 

 
3.    With respect
to the remainder of the balance of my Accounts, I hereby elect payments in the following manner (check and complete one): 
 
             a single lump-sum payment to be paid
on             
 
             installment payments in              (insert number up to five) annual
installments, commencing (check one): 
 
             upon my retirement from the Board or, if later, 
 
             (specify date). 
 
4.    (Complete Item 4 only if you elected installments in
Section 3.) I hereby elect that amounts payable to me in installments be debited to, and deemed paid from, my Basic Account, my Stock Account (if any) and my Dividend Account (check one): 
 
             proportionately based on the balances in the Accounts. 
 
             first from my Stock Account until it is exhausted and then from my
remaining Accounts. 
 
             first from my Basic Account until it is exhausted and then from my remaining Accounts. 
 
             Other (Specify):
                                        
                                        

 
5.    In the event of my death before I have received
payment of all deferred compensation payable to me, payments from the Plan are to be made to (check one): 
 
             my estate 
 
             the following:
                                        
                                        
                                  
(I understand that if I do not specify otherwise, the payments from the Plan after my death will be made to my estate.) 
 
                                     
                                        
                 
Signature of
Director 
 
 
Name:
                                        
                                 Date:
                                       
      
 
 

COCA-COLA ENTERPRISES INC. 
DEFERRED COMPENSATION PLAN FOR NONEMPLOYEE 
DIRECTOR COMPENSATION

 
QUALIFYING DIRECTOR’S ELECTION FORM

 
TO THE SECRETARY OF COCA-COLA
ENTERPRISES INC. (the “Corporation”): 
 
Pursuant
to the Deferred Compensation Plan for Nonemployee Director Compensation of the Corporation (the “Plan”), I hereby elect as follows: 
 
1.    I hereby elect to defer             % of all future payments of annual
retainer fees and meeting fees for service on the Board of Directors of the Corporation, and that such amounts shall be credited as follows: 
 
            % of the amounts so deferred be credited to my Basic Account and
thereafter credited with Interest Equivalents, as provided in the Plan, and/or 
 
            % of the amounts so deferred be credited to a Stock Account and treated as if invested in shares of common stock of the Corporation.

 
(I understand that unless I elect to have amounts
deferred into a Stock Account, all deferred 
amounts will be credited to my Basic Account.) 
 
5.    I hereby elect to have the Retirement Benefit Deferrals
provided under the Plan credited as follows: 
 
             100% to my Basic Account 
 
             100% to a Stock Account and treated as if invested in shares of
common stock of the Corporation. 
 
(I understand that
Retirement Benefit Deferrals will be credited to my Basic Account unless I 
elect to have amounts deferred into a Stock Account.)

 

 
3.    (Complete
this Item 2 only if you elected to have amounts deferred into a Stock Account under Items 1 and/or 2.) I hereby elect to have all Hypothetical Dividends, as provided in the Plan, that relate to shares of common stock credited to my Stock Account
treated as follows (check one): 
 
             credited to my Basic Account and thereafter credited with Interest Equivalents, as provided in the Plan. 
 
             credited to a Dividend Account and treated, each February, as reinvested in shares of common stock of the Corporation, as provided in the Plan.

 
(I understand that unless I elect to have Hypothetical
Dividends treated as reivested in the Stock Account, all Hypothetical Dividends will be credited with Interest Equivalents.) 
 
4.    With respect to the remainder of the balance of my Accounts, I hereby elect payments in the following manner (check and complete
one): 
 
             a single lump-sum payment to be paid on
                                        
             
 
             installment payments in                   (insert
number up to five) annual installments, commencing (check one): 
 
             upon my retirement from the Board or, if later, 
 
                             (specify date). 
 
5.    (Complete Item 4 only if you elected installments in
Section 3.) I hereby elect that amounts payable to me in installments be debited to, and deemed paid from, my Basic Account, my Stock Account (if any) and my Dividend Account (check one): 
 
             proportionately based on the balances in the Accounts. 
 
             first from my Stock Account until it is exhausted and then from my
remaining Accounts. 
 
             first from my Basic Account until it is exhausted and then from my remaining Accounts. 
 
             Other (Specify):
                                        
                                     
 

 
6.    In the event
of my death before I have received payment of all deferred compensation payable to me, payments from the Plan are to be made to (check one): 
 
             my estate 
 
             the following:
                                        
                                        
                             
(I understand that if I do not specify otherwise, the payments from the Plan after my death will be made to my estate.)  
 
 
                                     
                                        
                 
Signature of
Director 
 
 
Name:
                                        
                                 Date:Restricted Stock Deferral Plan

 
EXHIBIT 10.19

 

 
 
RESTRICTED STOCK
DEFERRAL PLAN 
 
(As Amended and Restated Effective
January 1, 2002) 
 

 
ARTICLE I

PURPOSE 
 
1.1.     Purpose.    The purpose of the Coca-Cola Enterprises Inc. Deferred Stock Plan is to provide
a select group of management and highly compensated employees enhanced retirement security under a nonqualified retirement plan that provides the following: 
 

	 	(a)	 	The opportunity to defer the receipt of stock that would otherwise be transferred to them during their employment under the Company’s restricted stock program, as set
forth in Article III, and 

 

	 	(b)	 	The opportunity to receive awards of Stock Units granted by the Compensation Committee of the Board of Directors, as set forth in Article IV. 

 
1.2.     Effective
Date.    The original effective date of this Plan was January 1, 2001. The effective date of this amendment and restatement of the Plan, which amends the Plan in its entirety, is January 1, 2002. 
 
ARTICLE II 
DEFINITIONS 
 
2.1.    “Account” means a Participant’s interest under the Plan. Each Account shall be composed of a Share Unit Account and a Cash Credit Account. A Participant’s Account shall be
reflected as a book reserve entry in the Company’s accounting records. 
 
2.2.    “Beneficiary” means the person or persons last designated by a Participant, in writing, as entitled to receive such Participant’s interest under the Plan in the event of his or her
death. If all designated Beneficiaries predecease the Participant or the Participant fails to designate a Beneficiary, the Beneficiary shall be the estate of the Participant. Notwithstanding the foregoing, if the Participant designates his or her
spouse as a Beneficiary, such designation will be void upon the divorce of the Participant and the former spouse unless, or until, the Participant again designates the former spouse as a Beneficiary. 
 
2.3.    “Cash Credit” means the unit for
measuring the value of Hypothetical Dividends and Interest Credits. 
 
2.4.    “Cash Credit Account” means the account under which a Participant’s Cash Credits are recorded. 
 
2.5.    “Cash Credits Conversion Date” means the first full trading day of each calendar year on the New York Stock
Exchange. 
 
2.6.    “Committee” means the committee appointed, pursuant to Section 7.1, to administer the Plan. 
 
2.7.    “Company” means Coca-Cola Enterprises Inc., a Delaware corporation. 
 

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2.8.    “Deferral Date” means the date on which an Eligible Grantee
makes an effective Deferral Election. 
 
2.9.    “Deferral Election” means a Participant’s election, pursuant to Article III, to defer the receipt of Stock that would otherwise become fully transferable to the Participant at a future date
under the terms of the grant of Restricted Stock. 
 
2.10.    “Deferred Stock Award” means a grant of Share Units under the Plan to an Eligible Grantee, which Share Units shall be subject to the terms specified in the Deferred Stock Award Document.

 
2.11.    “Deferred Stock Award
Document” means the document under which the Company notifies the Participant of an award of Share Units and the terms applicable to those Share Units, which award shall be authorized by the Compensation Committee of the Board of Directors.

 
2.12.    “Employee” means a
common-law employee of the Company or a Subsidiary. For purposes of this Plan, a Subsidiary is a company in which the Company owns, directly or indirectly, at least 20% of the voting stock or capital. 
 
2.13.    “Eligible Grantee” means an
Employee who is determined to be eligible for participation in the Plan by the Committee. 
 
2.14.    “Fair Market Value” means the average of the high and low trading prices on a given trading date, as reported on the New York Stock Exchange Composite Transactions listing
or as otherwise determined by the Committee. 
 
2.15.    “Hypothetical Dividends” means an amount to be credited to a Participant’s Cash Credit Account, which amount is equal to the dividends paid on the Stock, determined as if the Share Units
credited to a Participant’s Share Unit Account were shares of Stock on the record date of any such dividend. 
 
2.16.    “Interest Credit” means an amount, calculated as described in Section 5.2(b) and based on the annual rate
equivalent to the weighted average prime lending rate of SunTrust Bank, Atlanta for the relevant year or portion of the year. 
 
2.17.    “Restricted Stock” means any shares of Stock that carry a legend restricting the transfer of such
shares. 
 
2.18.    “Participant” means any Eligible Grantee who has made a Deferral Election or received a Deferred Stock Award. 
 
2.19.    “Plan” means the Coca-Cola Enterprises Inc. Restricted Stock Deferral Plan, as
it may be amended from time to time. 
 
2.20.    “Share Unit” means the measurement under the Plan representing the future right to the distribution of one whole share of Stock. 
 
2.21.    “Share Unit Account” means the account under which a Participant’s Share
Units are credited. 
 

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2.22.    “Stock” means shares of common stock of the par value of $1.00 per share of Coca-Cola Enterprises Inc. 
 
ARTICLE III 
DEFERRAL
ELECTIONS 
 
3.1.     Deferral Election.    An Eligible Grantee may elect to defer the receipt of Restricted Stock which may otherwise become fully transferable to the Participant during his or
her employment with the Company, with such election being in exchange for the Company’s promise of a future distributions of shares of the Company’s Stock. 
 
3.2.     Deferral Election Requirements.    A Deferral Election
will be effective only upon the satisfaction of the requirements set forth in subsection (a) and (b), below, which requirements must be satisfied not less than six months prior to the date on which the Restricted Stock that is the subject of such
election would vest according to its terms: 
 

	 	(a)	 	The Participant must complete a Deferral Election Form, attached hereto as Appendix A, and return it to the Company, and 

 

	 	(b)	 	The Participant must deliver to the Company an executed copy of a Stock Power assigning to the Company the Restricted Stock that is the subject of the Deferral Election.

 
3.3.     Irrevocability of Election.    A Participant’s Deferral Election may not be revoked once made. Notwithstanding the preceding sentence, a Participant’s Deferral
election will not be effective unless the Participant is an Employee on the Deferral Date. 
 
ARTICLE IV 
DEFERRED STOCK AWARDS 
 
4.1.     Deferred Stock
Award.    Pursuant to the terms set forth in an Eligible Grantee’s Deferred Stock Award Document, the Company shall credit Share Units to his or her Account under the Plan. The terms of a Participant’s Deferred
Stock Award Document shall be treated as terms of this Plan. 
 
ARTICLE V 
ACCOUNT ACCRUALS 
 
5.1.     Share Unit Account.    A Participant’s interest in
his or her Share Unit Account shall be determined as follows: 
 

	 	(a)	 	A Participant’s Share Unit Account will be credited with the number of Share Units equal to the number of shares of Restricted Stock the Participant surrenders to the
Company on the Deferral Date. 

 

	 	(b)	 	A Participant’s Share Unit Account will be credited with the number of Share Units granted under a Deferred Stock Award Document. 

 

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	 	(c)	 	On each Cash Credits Conversion Date, a Participant’s Share Unit Account will also be increased by the number of Share Units equal to the maximum number of whole shares
of Stock that could be purchased with funds equal to the balance of the Participant’s Cash Credit Account on such date if the account were actual funds. The Fair Market Value of the Stock on the Cash Credits Conversion Date shall be used to
determine the number of shares that could be so purchased. Notwithstanding the forgoing, this subsection 5.1(c) shall not be applicable to the portion of the Share Unit Account attributable to a Deferred Stock Award, unless the Participant has made
an election to have his or her Cash Credit Account converted to Share Units. 

 
5.2.    Cash Credit Account.    A Participant’s interest in his or her Cash Credit Account shall be determined as follows: 
 

	 	(a)	 	On each of the Company’s dividend record dates, a Participant’s Cash Credit Account will be increased by an amount equal to the Hypothetical Dividends credited with
respect to Participant’s Share Unit Account balance. 

 

	 	(b)	 	At the end of each calendar year, or as of any other date designated by the Committee, a Participant’s Cash Credit Account will be increased by Interest Credits,
determined with respect to the average daily balance of the Cash Credit Account during such year or relevant portion of the year. 

 

	 	(c)	 	On each Cash Credits Conversion Date, a Participant’s Cash Credit Account will be decreased by an amount equal to the funds required to purchase the maximum number of
whole shares of Stock on such date if the account were actual funds. The Fair Market Value of the Stock on the Cash Credits Conversion Date shall be used to determine the number of shares that could be so purchased. Notwithstanding the forgoing,
this subsection 5.2(c) shall not be applicable to the portion of the Share Unit Account attributable to a Deferred Stock Award, unless the Participant has made an election to have his or her Cash Credit Account converted to Share Units.

 
5.3.     Vesting of
Account. 
 

	 	(a)	 	With respect to Share Units attributable to a Deferral Election, a Participant’s interest in his or her Share Unit Account shall become nonforfeitable, or vest, to the
same extent as, and on the same date(s) as, the Restricted Stock that was the subject of the Deferral Election would have vested but for such election. 

 

	 	(b)	 	With respect to Share Units attributable to a Deferred Stock Award, a Participant’s interest in his or her Share Unit Account shall become nonforfeitable, or vest, as
provided in the Deferred Stock Award Document. 

 

	 	(c)	 	In the event that the conditions for vesting set forth in the Participant’s Deferral Election or Deferred Stock Award Document are not satisfied, the Share Units
attributable to such Deferral Election or Deferred Stock Award shall be forfeited and deleted as entries in the Participant’s Share Unit Account. 

 

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	 	(d)	 	A Participant’s interest in his Share Unit Account that is attributable to the conversion of Cash Credits to Share Units, pursuant to Sections 5.1(c) and 5.2(c), shall at
all times be 100% vested. 

 

	 	(e)	 	A Participant’s interest in his or her Cash Credit Account related to a Deferral Election shall at all times be 100% vested. A Participant’s interest in his or her
Cash Credit Account related to a Deferred Stock Award shall vest in accordance with the Deferred Stock Award Document. 

 
ARTICLE VI 
DISTRIBUTIONS

 
6.1.     Form of Payment of
Account.     
 

	 	(a)	 	A Participant’s vested interest under his or her Share Unit Account that is attributable to a Deferral Election shall be distributed in whole shares of Stock.

 

	 	(b)	 	A Participant’s vested interest under his or her Share Unit Account attributable to a Deferred Stock Award shall be distributed in whole shares of Stock or Restricted
Stock, as provided under the Deferred Stock Award Document. 

 

	 	(c)	 	The value of his or her Cash Credit Account and any interest in his or her Share Unit Account representing fractional Share Units shall be distributed in cash.

 
6.2.     Commencement
of Distribution. 
 

	 	(a)	 	At the time a Participant first makes a Deferral Election he shall elect whether distribution of his or her Account shall commence (i) in the calendar year following the year
in which his or her employment terminates, (ii) as of the Participant’s attaining a specific age, or (iii) as of the later of (i) and (ii). A Participant may change, at any time, his or her election regarding the commencement of the
distribution of his or her Account; provided however, any such change will not become effective for one year or more after the date of the subsequent election. In the event a Participant fails to make an election with respect to the commencement of
payment of his or her Account, distribution to such Participant shall be made as soon as practicable following his or her termination of employment. 

 

	 	(b)	 	Notwithstanding the preceding subsection 6.2(a), a Participant’s interest in his or her Account that is attributable to a Deferred Stock Award shall be distributed in
accordance with the terms of the Deferred Stock Award Document. 

 
6.3.     Optional Forms of Distribution. 
 

	 	(a)	 	Prior to commencement of participation in the Plan, a Participant shall elect whether to receive distributions under the Plan as (i) a single-sum payment, or (ii) a series of
substantially equal semiannual or annual installments over a period of 2 to 10 years. A Participant may change, at any time, his or her election regarding the manner of the distribution of his or her Account; provided, however, any such change will
not become effective for one year after the date 

 

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	 	  	 	of the subsequent election. In the event a Participant fails to make an election with respect to the manner of distribution, payment will be made in the manner determined by
the Committee. 

 

	 	(b)	 	Notwithstanding the preceding subsection 6.3(a), a Participant’s interest in his or her Account that is attributable to a Deferred Stock Award shall be distributed in
accordance with the terms of the Deferred Stock Award Document. 

 
6.4.     Distributions on Account of Death.    In the event of the death of a Participant prior to distribution of the total balance of his or her Account, distribution of
the balance of such Account shall be made to the Participant’s Beneficiary in a single-sum payment as soon as practicable following the death of such Participant. 
 
6.5.    Distribution on Account of Financial Hardship.    In the event a
Participant has a financial hardship due to an unforeseeable emergency (as determined by the Committee), the Committee, in its sole discretion, may, but is under no obligation to, distribute all or any portion of the Participant’s Account.

 
ARTICLE VII 
ADMINISTRATION 
 
7.1.     Plan Administration.    The Plan shall be administered by the Restricted Stock Deferral Plan
Committee, which shall consist of at least three members appointed by the Company. 
 
7.2.    Committee Action.    Action of the Committee may be taken with or without a meeting of its members; provided, however, that any action shall be taken only upon the vote
or other affirmative expression of a majority of Committee members qualified to vote with respect to such action. If a member of the Committee is a Participant in the Plan, he shall not participate in any decision that solely affects his or her own
Account under the Plan. 
 
7.3.    Rights and Duties of Committee.    The Committee shall administer the Plan and shall have all powers necessary to accomplish that purpose, including, but not limited to,
construing, interpreting, and administering the Plan. The decisions of the Committee shall be final and binding on all parties. 
 
7.4.     Taxes.    If all or any portion of a Participant’s Account shall become liable for the
payment of any estate, inheritance, or other tax which the Company shall be required to pay or withhold upon distribution of the Participant’s account, the Company shall have the full power and authority to (i) withhold distribution of the
Participant’s Account until the Participant makes appropriate arrangements with the Company to satisfy such liability or (ii) withhold actual shares distributed from the Account that have value equal to such liability. In the event the
Participant is liable for any tax prior to a distribution under the Plan, the Company shall be entitled to satisfy such liability from any other funds owed by the Company to the Participant to the extent provided by law. 
 
ARTICLE VIII 
CLAIMS PROCEDURE 
 
8.1.    Claims for Benefits Under Plan.    If a Participant or Beneficiary does not receive the
benefits that he believes are due under the Plan, he may make a claim for such benefits to the Committee. 
 

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Any such claim for benefits must be in
writing and addressed to the Committee or to the Company. If the Participant’s or Beneficiary’s claim is denied, the Committee shall notify the Participant or Beneficiary in writing within ninety days after receipt of the claim.

 
8.2.    Appeals.    Each Participant or Beneficiary whose claim under the Plan has been denied may file a written request for review of his or her claim with the Committee. The request
for review must be filed within ninety days after the Participant or Beneficiary receives the written notice denying his or her claim, or the Participant shall be deemed to waive any right to request review of his or her claim. The final decision of
the Committee will be made within ninety days after receipt of the request for review and shall be communicated in writing, setting forth the basis for the Committee’s decision. If there are special circumstances that require an extension of
time for completing the review, the Committee’s decision shall be rendered not later than one-hundred twenty days after the receipt of the request for review. 
 
ARTICLE IX 
AMENDMENT AND TERMINATION 
 
9.1.    Amendment.    The Company shall have the right to amend the Plan in whole or in part at any time; provided, however, that no amendment shall reduce the amount credited to any
Participant’s Account as of the later of the date such amendment is adopted or effective. Any amendment shall be in writing and executed by a duly authorized officer of the Company. 
 
9.2.    Termination.    The Company reserves the right to discontinue
and terminate the Plan at any time, in whole or in part, for any reason. In the event of termination of the Plan, the amounts credited to any Participant’s Account, as of the effective date of such termination, shall not be reduced and shall be
distributed at a time, not later than the date specified in the Participant’s latest election, and in the manner solely determined by the Committee. 
 
ARTICLE X 
MISCELLANEOUS

 
10.1.    Limitation on
Participant’s Rights.    Participation in this Plan shall not give any Participant the right to be retained in the Company’s employ or any rights or interest in this Plan or any assets of the Company other than as
herein provided. The Company reserves the right to terminate the employment of any Participant without any liability for any claim against the Company under this Plan, except to the extent provided herein. 
 
10.2.    Changes in
Capitalization.    The number of Share Units credited to each Participant’s Share Unit Account shall be proportionately adjusted for any increase or decrease in the number of issued and outstanding shares of Stock
resulting from a subdivision or combination of shares or the payment of a stock dividend in shares of common stock of the Company to holders of outstanding shares or any other increase or decrease in the number of such shares effected without
receipt of consideration by the Company. Appropriate adjustments shall also be made to reflect any recapitalization, reclassification of shares or reorganization affecting the capital structure of the Company. In the event of a merger or
consolidation in which the Company is not the surviving corporation or in which the Company survives only as a subsidiary of another corporation, and in such transaction the holders of Stock of the Company become entitled to receive shares of stock
or securities of the surviving corporation, the Participant’s Share Unit Account shall be credited with that number of Share Units 
 

8 

representing securities of the surviving corporation that would be exchanged for the shares of Stock of the Company
in such transaction if they had been outstanding shares, and any cash or other consideration that would be receivable if such shares had been outstanding shall be credited to the Participant’s Cash Credit Account. 
 
10.3.    Participants’ Interest
Unfunded.    All amounts payable under the Plan to Participants shall be payable from the general assets of the Company. Nothing contained herein shall require the Company to set aside or hold in trust any amounts or assets
for the purpose of paying benefits. Participants shall have the status of general unsecured creditors of the Company with respect to amounts they defer under the Plan or any other obligation of the Company to pay Participants’ interests
pursuant hereto. Any funds of the Company available to pay benefits under the Plan shall be subject to the claims of general creditors of the Company and may be used for any purpose by the Company. 
 
10.4.    Other
Plans.    This Plan shall not affect the right of any Participant to participate in and receive benefits under any employee benefit plans which are now or hereafter maintained by the Company, unless the terms of such other
employee benefit plan or plans specifically provide otherwise. 
 
10.5.    Governing Law.    This Plan shall be construed, administered, and governed in all respects in accordance with applicable federal law and, to the extent not preempted by federal
law, in accordance with the laws of the State of Georgia. If any provisions of this instrument shall be held by a court of competent jurisdiction to be invalid or unenforceable, the remaining provisions hereof shall continue to be fully effective.

 
10.6.    Gender, Number, and
Headings.    In this Plan, whenever the context so indicates, the singular or plural number and the masculine, feminine, or neuter gender shall be deemed to include the other. Headings and subheadings in this Plan are
inserted for convenience of reference only and are not considered in the construction of the provisions hereof. 
 
10.7.    Successors and Assigns; Nonalienation of Benefits.    This Plan shall inure to the benefit
of, and be binding upon, the parties hereto and their successors and assigns; provided, however, that the amounts credited to the Account of a Participant shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment,
pledge, encumbrance, charge, garnishment, execution or levy of any kind, either voluntary or involuntary, and any attempt to anticipate, alienate, sell, transfer, assign, pledge, encumber, charge or otherwise dispose of any right to any benefits
payable hereunder shall be void, including, without limitation, any assignment or alienation in connection with a separation, divorce, child support or similar arrangement. 
 
 

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