Document:

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                                                                     Exhibit 4.2

                            SPECIAL STOCK AWARD PLAN
                                    FOR SCOR

                                   2004 - 2005

                                      RULES

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DEFINITIONS:

For the purpose of this plan, the terms below have the following meaning:

"Beneficiary(ies)"                           Person(s) who are (a) eligible to
                                             participate in this Plan in
                                             accordance with article 2 of this
                                             Plan, and (b) designated by the
                                             company's Chairman and Chief
                                             Executive Officer after
                                             consultation with the Remunerations
                                             and Appointments Committee.

"Company" or "SCOR"                          SCOR, a French corporation (societe
                                             anonyme) with capital stock of EUR
                                             645,335,978, whose registered
                                             office is located at 1 avenue du
                                             General de Gaulle - 92800 Puteaux,
                                             France, and which is registered in
                                             the Trade and Companies Register of
                                             Nanterre under no. 562 033 357.

"Corporate Officer(s)"                       Each person(s) who is a corporate
                                             officer of SCOR and/or its
                                             subsidiary, SCOR VIE.

"Custody Account Memorandum"                 The memorandum from the Company to
                                             Beneficiaries advising
                                             Beneficiaries of the requirements
                                             and procedures for opening a
                                             custody account for the delivery of
                                             Shares under the Plan.

"First Effective Ownership Transfer Date"    January 10, 2005

"Effective Ownership Transfer Date(s)"       The First Effective Ownership
                                             Transfer Date and the Second
                                             Effective Ownership Transfer Date,
                                             or either of them.

"Group"                                      SCOR and French and foreign
                                             subsidiaries controlled by it
                                             within the meaning of article L.
                                             233-16 of the French Commercial
                                             Code (Code de commerce).

"Grant Letter"                               The grant letter defined in article
                                             3 of this Plan.

"Local Time"                                 Local time at the location of the
                                             Beneficiary's employment.

"Plan"                                       This Special Stock Award Plan.

"Second Effective Ownership Transfer Date"   November 10, 2005

"Share(s)"                                   Shares of SCOR common stock.

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RECITALS:

The Compensation and Appointments Committee of the SCOR group has decided to
implement this stock award Plan in both France and other countries for the
benefit of certain of its top executives and senior managers, as designated in
article 2 of this Plan, to encourage them to continue their efforts to promote
the Group's growth.

This Plan is governed by French law and reflects current French laws and
regulations. This Plan may be amended if new French laws or regulations are
adopted which affect the features of this Plan as presented below. This Plan
also may be modified to comply with the applicable legal requirements of
jurisdictions other than France.

Mandatory legal and regulatory provisions of jurisdictions other than France
shall control in those jurisdictions.

1. OVERVIEW

Under this Plan, SCOR will grant to Beneficiaries, on the following terms and
conditions, unrestricted ownership of Shares previously repurchased by SCOR and
held in its treasury.

2. ELIGIBILITY

2.1 Determination of eligibility

In general, the following individuals shall be eligible to receive grants of
Shares under the Plan:

-     Corporate Officers,

-     members of the executive committee of the Company,

-     heads of divisions, offices and central departments of the Group's
      companies, and

-     heads of the Group's companies who benefit from a contractual bonus plan,

-     certain managers of the Group's companies.

The Company's Chairman and Chief Executive Officer shall designate the
Beneficiaries after consultation with the Compensation and Appointments
Committee.

2.2 Not a contract of employment

Eligibility for this Plan shall not affect eligibility for any future plan.
Neither eligibility for this Plan nor participation in this Plan shall
constitute a contract of employment or otherwise give rise to any obligation on
the part of any Group company to retain any person as an employee or in any
other capacity.

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3. GRANT LETTER; CONDITIONS TO RECEIVING SHARES; EFFECTIVE OWNERSHIP TRANSFER
DATES

3.1 Grant Letter

SCOR shall deliver or cause to be delivered to each Beneficiary a personal
letter (a "Grant Letter") informing him or her:

   -     of the number of Shares conditionally granted to such Beneficiary,
         which Shares such Beneficiary shall be eligible to receive under this
         Plan on the Effective Ownership Transfer Dates, and

   -     of the terms and conditions of the grant of Shares as set forth in
         article 2, article 3 and elsewhere in this Plan.

3.2 Cumulative conditions to receiving Shares conditionally granted by Grant
Letter

      (a) In order to receive unrestricted ownership of the Shares conditionally
granted in the Grant Letter, each Beneficiary shall be required to open a
custody account on or before January 9, 2005 with Euro Emetteurs Finances (EEF),
with which SCOR has signed an agreement to manage this Plan, or such other
institution as SCOR may designate, into which custody account Shares for which
the conditions of grant (as set forth in this Plan) have been met, shall be
deposited on the Effective Ownership Transfer Dates.

Any Beneficiary who fails to timely open such custody account in accordance with
any instructions provided to such Beneficiary by the Company in the Custody
Account Memorandum, shall irrevocably forfeit any and all right to receive any
and all Shares conditionally granted under the Grant Letter or this Plan without
further action on the part of such Beneficiary, SCOR, the Group or any Group
company.

      (b)   (i) Each Beneficiary who has received a Grant Letter, who has
remained continuously a Corporate Officer or otherwise employed with the Group
from receipt of the Grant Letter until 11:59 p.m. Local Time on 31 December
2004, who has neither given to nor received from any Group company with which
such Beneficiary is a Corporate Officer or otherwise employed notice of
termination of employment or of his/her position as Corporate Officer as of
11:59 p.m. Local Time on 31 December 2004, and who otherwise meets the
requirements set forth in this Plan including, without limitation, article 2 and
article 3, shall receive unrestricted ownership and enjoyment of 50% of the
Shares conditionally granted under his or her Grant Letter on the First
Effective Ownership Transfer Date.

<PAGE>

            (ii) If a Beneficiary, after receiving a Grant Letter under this
Plan, has ceased to be a Corporate Officer or has left the Group company's
employ at or before 11:59 p.m. Local Time on 31 December 2004, regardless of the
reason (including but not limited to death, retirement, resignation and
dismissal), then without further action on the part of such Beneficiary, SCOR,
the Group or any Group company, such Beneficiary shall irrevocably forfeit any
and all right to receive any and all Shares conditionally granted under the
Grant Letter or this Plan.

      (c)   (i) Each Beneficiary who has received a Grant Letter, who has
remained continuously a Corporate Officer or otherwise employed with the Group
from receipt of the Grant Letter until 11:59 p.m. Local Time on 31 October 2005,
who has neither given to nor received from any Group company with which such
Beneficiary is a Corporate officer or otherwise employed notice of termination
of employment or of his/her position as Corporate Officer as of 11 :59 p.m.
Local Time on 31 October 2005, and who otherwise meets the requirements set
forth in this Plan including, without limitation, article 2 and article 3, shall
receive unrestricted ownership and enjoyment of the remaining 50% of the Shares
conditionally granted under his or her Grant Letter on the Second Effective
Ownership Transfer Date.

            (ii) If a Beneficiary, after receiving a Grant Letter under this
Plan, has ceased to be a Corporate Officer or has left the Group company's
employ after 11:59 p.m. Local Time on 31 December 2004 and at or before 11:59
p.m. Local Time on 31 October 2005, regardless of the reason (including but not
limited to death, retirement, resignation and dismissal), then without further
action on the part of such Beneficiary, SCOR, the Group or any Group company,
such Beneficiary shall irrevocably forfeit any and all right to receive the
Shares conditionally granted under the Grant Letter as to which beneficial
ownership would otherwise have been transferable to such Beneficiary on the
Second Effective Ownership Transfer Date pursuant to article 3.2 (c) (i).
Nothing in this article 3.2 (c) (ii) shall be deemed to affect any right of any
such Beneficiary to receive Shares on the First Effective Ownership Transfer
Date pursuant to article 3.2 (b) of this Plan.

      (d)   (i) Notwithstanding anything in this Plan to the contrary, except as
may otherwise be required by applicable law or as set forth in article 3.2 (d)
(ii), no Beneficiary shall be eligible to receive Shares under this Plan
(regardless of whether he or she otherwise qualifies to receive or does receive
a Grant Letter) if he or she is on inactive status (that is, on leave of any
kind) as of 11:59 p.m. Local Time on 31 December 2004 and such inactive status
has been in continuous effect for more than six months as of such time.

            (ii) Notwithstanding the foregoing, except as may otherwise be
required by applicable law, the limitation on eligibility set forth in article
3.2 (d) (i) shall not apply if the inactive status is the consequence of an
industrial accident, an occupational disease, maternity leave (and to the extent
required by applicable law, paternity leave) or trade union leave (to the extent
permissible under the applicable trade union/collective bargaining unit
agreement).

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4. DETERMINATION OF TOTAL NUMBER OF SHARES GRANTED

4.1 DETERMINATION OF NUMBER OF SHARES GRANTED TO CORPORATE OFFICERS

The number of Shares granted to Corporate Officers shall be determined
individually for each such Corporate Officer, based on his or her performance
and expected contribution to the Group's growth, by the Company's Board of
Directors after consultation with the Compensation and Appointments Committee.

4.2 DETERMINATION OF NUMBER OF SHARES GRANTED TO BENEFICIARIES WHO ARE NOT
CORPORATE OFFICERS

(a) The Chairman and Chief Executive Officer of the Company, after consultation
with the Compensation and Appointments Committee, shall determine the aggregate
number of Shares to be granted under this Plan to Beneficiaries who are not
Corporate Officers, within the overall aggregate plan limit established by the
Board of Directors of the Company;

(b) The number of Shares to be granted to each Beneficiary who is not a
Corporate Officer shall be determined individually for each such Beneficiary,
based on his or her performance and expected contribution to the Group's growth,
by the Chairman and Chief Executive Officer of the Company after consultation
with the Compensation and Appointments Committee. The Chairman and Chief
Executive Officer may delegate his or her powers and responsibilities under this
article 4.2(b) to the Chief Operating Officer of the Company and/or to SCOR's
Human Resources department.

5. AVAILABILITY OF SHARES

Commencing on each of the Effective Ownership Transfer Dates, each Beneficiary
shall have the right to sell or otherwise transfer the Shares for which
unrestricted ownership is transferred to such Beneficiary on such date under
this Plan, provided, however, that the Chairman and Chief Executive Officer of
the Company may establish a daily limit on the number or market value of Shares
granted under this Plan that may be sold by Beneficiaries if necessary or
desirable, in the sole judgment of the Chairman and Chief Executive Officer of
the Company, to avoid any adverse impact on the market price of the Shares.

<PAGE>

6. SOCIAL SECURITY AND TAX TREATMENT

6.1. French law

The following tax and social security provisions set forth in this article 6.1
are those currently in force. They apply only to Beneficiaries who are working
in France, who are French tax residents and are subject to the social security
regime in France. They may be amended in the future, in which case SCOR will
provide additional information to the Beneficiaries.

Under French law, the Shares transferred are considered a benefit in kind and
therefore additional salary which is fully subject to social security
contributions and income tax.

The value of this benefit is recognized on the day of the stock ownership
transfer based on the Paris stock market opening price, regardless of subsequent
changes.

The social security contributions on wages applicable to the number of
transferred Shares must be paid fully by the Beneficiary on or before the
Effective Ownership Transfer Dates.

The subsequent gain (or loss) which the Beneficiary may realize as a shareholder
(i.e. after unrestricted ownership has been transferred) is subject to the rules
on capital gains (or losses) on sales of Shares by private individuals (article
150-OA of the General Tax Code). Under current law, if these capital gains are
subject to tax, they are taxed at the statutory rate of 16%, and subject to
"additional surtaxes," i.e. 27% (2004 income).

Each Group company shall be entitled to take any actions such Group company
deems to be necessary or appropriate in order to ensure that any and all tax
withholding obligations of the Group or any Group company that may arise by
reason of Shares granted under this Plan are timely satisfied.

6.2. Tax law for countries other than France

Local law applies specifically in all countries other than France where Shares
are granted.

The social security contributions on wages (and, as applicable depending on the
country, withholding tax) applicable to the number of transferred Shares must be
paid fully by the Beneficiary on or before the Effective Ownership Transfer
Dates.

Each Group company shall be entitled to take any actions such Group company
deems to be necessary or appropriate in order to ensure that any and all tax
withholding obligations of the Group or any Group company that may arise by
reason of Shares granted under this Plan are timely satisfied.

<PAGE>

6.3 Installment payments

Any Beneficiary who wishes to pay his or her taxes and/or social security
contributions by installments must contact the applicable Personnel
Administrative Management department before each Effective Ownership Transfer
Date on which such Beneficiary receives unrestricted ownership of Shares under
this Plan, provided, however that corporate officers of SCOR and any other
persons to whom SCOR or members of the Group are not permitted to extend credit
under applicable law shall not be permitted to pay social security contributions
and/or taxes by installments and must make such payments immediately upon
transfer of unrestricted ownership of such Shares.

7. NOTIFICATIONS

All notifications under this Plan must be in writing.

When addressed to SCOR or to a Group company, such notifications must be sent to
SCOR's registered office in France.

When addressed to the Beneficiary, such notifications must be hand-delivered at
his or her place of work or sent to the address which the Beneficiary has
provided in writing to SCOR, or to his or her last known domicile.

8. TERM

This Plan shall be deemed terminated upon the performance by the Company of its
obligations under this Plan.<PAGE>

                                                                     Exhibit 4.3

                            GENERAL STOCK AWARD PLAN
                  FORM OF THE GRANT LETTER FOR US BENEFICIARIES

Chief Executive Officer

                                   Paris, December ___, 2004

Dear _____,

The general shareholders' meeting authorized the implementation of a stock award
plan reserved for Group employees on 18 May 2004. The Compensation and
Appointment Committee determined the terms of this plan and the Board of
Directors approved the plan on 25 August 2004.

The purpose of this plan is to grant shares for no consideration to each
employee in support of the efforts made during the last two years, which led to
the recovery of our business. The Group's management wants to afford the
employees the opportunity to share any benefits of this recovery, including any
share price appreciation.

This plan also reflects our confidence in your professionalism and loyalty. It
marks the launching of the three year "SCOR Moving Forward" plan which defines
the terms and conditions of the Group's redeployment and shows its determination
to succeed. The stock award plan is intended to involve you in the
implementation and success of the strategic plan.

I am pleased to inform you that ________ SCOR shares are conditionally granted
to you under the General Stock Award Plan for SCOR 2004-2005. You will be
eligible to receive ownership of these shares on January 10, 2005, provided that
you meet the terms and conditions of the grant of shares as set forth in the
plan.

In particular, the plan provides as one of the conditions of the grant, that you
are required to open a custody account on or before January 9, 2005 with Euro
Emetteurs Finances (EEF), with which SCOR has signed an agreement to manage the
plan, into which custody account your Shares will be deposited.

If you fail to open your custody account in accordance with the instructions
provided in the custody account memorandum, on or before January 9, 2005, you
shall forfeit all rights to receive shares under the plan.

You will have the opportunity to choose a delivery of the granted shares to EEF
or a delivery of the granted shares for deposit with the depositary under the
ADS facility in exchange for American Depositary Shares ("ADSs") corresponding
to the granted shares. Should you elect for a delivery of the corresponding
ADSs, such ADSs will be delivered to you in global form through the Depositary
Trust Company and registered in the name of brokerage account you may designate.

<TABLE>
<S>                                          <C>                                          <C>
SCOR                                         Tel +33 (0)1 46 98 70 00                     RCS Nanterre B 562 033 357
Immeuble SCOR                                Fax +33 (0)1 47 67 04 09                     Siret 562 033 357 00020
1, Avenue du General de Gaulle               e-mail : scor@scor.com                       Societe Anonyme au Capital
92074 Paris La Defense Cedex                                                              de 645 335 978 Euros
France
</TABLE>

<PAGE>

You will find herewith the terms and conditions of this grant, the consequences
in terms of federal income taxes and social security payments which will affect
you, as well as the custody account memorandum which details instructions for
opening your EEF custody account and electing for a delivery of ADSs.

Provided the terms and conditions of the plan are met, the ownership transfer of
the shares conditionally granted to you under the plan by this letter will take
place on 10 January 2005. As of that date, you will be the owner of the granted
shares and you may sell all or part of the shares at any time thereafter.

Yours faithfully,

Denis Kessler

<TABLE>
<S>                                     <C>                                 <C>
SCOR                                    Tel +33 (0)1 46 98 70 00            RCS Nanterre B 562 033 357
Immeuble SCOR                           Fax +33 (0)1 47 67 04 09            Siret 562 033 357 00020
1, Avenue du General de Gaulle          e-mail : scor@scor.com              Societe Anonyme au Capital
92074 Paris La Defense Cedex                                                de 645 335 978 Euros
France
</TABLE>

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