Document:

exv4w5

Exhibit 4.5

DR PEPPER SNAPPLE GROUP, INC.

LEGACY BONUS SHARE RETENTION PLAN

Effective as of May 7, 2008

 

 

THE RULES OF THE DR PEPPER SNAPPLE GROUP, INC.

LEGACY BONUS SHARE RETENTION PLAN

CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page
	1.

	 	INTERPRETATION AND CONSTRUCTION
	 	 	1	 
	 
	 	 	 	 	 	 
	1.1.

	 	Definitions
	 	 	1	 
	1.2.

	 	Construction of the Rules
	 	 	2	 
	1.3.

	 	Governing Law
	 	 	2	 
	1.4.

	 	Administration
	 	 	2	 
	1.5.

	 	Disputes
	 	 	2	 
	 
	 	 	 	 	 	 
	2.

	 	GRANTING AWARDS
	 	 	3	 
	 
	 	 	 	 	 	 
	3.

	 	TRANSFER OF SHARES
	 	 	3	 
	 
	 	 	 	 	 	 
	3.1.

	 	Transfer of Shares
	 	 	3	 
	3.2.

	 	Death of a Participant
	 	 	3	 
	3.3.

	 	Termination of Employment
	 	 	3	 
	 
	 	 	 	 	 	 
	4.

	 	CHANGE IN CONTROL AND LIQUIDATION
	 	 	3	 
	 
	 	 	 	 	 	 
	4.1.

	 	Effect of Change in Control
	 	 	3	 
	4.2.

	 	Overriding Provision
	 	 	4	 
	 
	 	 	 	 	 	 
	5.

	 	SUBSTITUTE AWARDS FOLLOWING CHANGE IN CONTROL
	 	 	4	 
	 
	 	 	 	 	 	 
	5.1.

	 	Application
	 	 	4	 
	5.2.

	 	Release of Awards
	 	 	4	 
	5.3.

	 	Deemed Release
	 	 	4	 
	5.4.

	 	Consequences of Release
	 	 	4	 
	 
	 	 	 	 	 	 
	6.

	 	VARIATION OF CAPITAL
	 	 	5	 
	 
	 	 	 	 	 	 
	7.

	 	GENERAL
	 	 	5	 
	 
	 	 	 	 	 	 
	7.1.

	 	Availability of Shares
	 	 	5	 
	7.2.

	 	Non-transferability of Awards
	 	 	5	 
	7.3.

	 	Relationship to Contract of Employment
	 	 	5	 
	7.4.

	 	Notices and Circulars to Shareholders
	 	 	5	 
	7.5.

	 	Costs and Expenses
	 	 	5	 
	7.6.

	 	Rights of New Shares Issued
	 	 	5	 
	7.7.

	 	Listing
	 	 	5	 
	7.8.

	 	Company Trading Policies
	 	 	6	 
	7.9.

	 	Withholding Obligations
	 	 	6	 
	7.10.

	 	Notices to Participants
	 	 	6	 
	7.11.

	 	Notices to the Company
	 	 	6	 

 

 

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 
	 	 	 	 	 	 
	8.

	 	SECTION 409A OF THE CODE
	 	 	7	 
	 
	 	 	 	 	 	 
	9.

	 	CHANGING AND ENDING THE PLAN
	 	 	7	 
	 
	 	 	 	 	 	 
	9.1.

	 	Power of Change — General
	 	 	7	 
	9.2.

	 	Power of Change — Limitations
	 	 	7	 
	9.3.

	 	Power of Change — Exceptions
	 	 	7	 
	9.4.

	 	Notification of Changes
	 	 	7	 

 

 

DR PEPPER SNAPPLE GROUP, INC. LEGACY BONUS SHARE RETENTION PLAN

Introduction

Cadbury Schweppes Public Limited Company, registered in England with No. 52457 (“CS”),
Cadbury plc and the Company have entered into a Separation and Distribution Agreement
effective as of May 1, 2008 (the “Separation Agreement”) pursuant to which (i) CS will
become a wholly-owned subsidiary of Cadbury plc; (ii) CS and/or one or more members of the
Cadbury business will, collectively, retain or acquire beneficial ownership of all of the
assets of the Cadbury business and assume all of the liabilities of the Cadbury business
and the Company and/or one or more of its Subsidiaries will, collectively, retain or acquire
beneficial ownership of all of the Beverages Assets and assume all of the Beverages
Liabilities (as such terms are defined in the Separation Agreement); and (iii) the Company
will distribute to the holders of Cadbury plc Ordinary Shares, on a pro rata basis, without
any consideration being paid by such holders, all of the outstanding Shares of the Company
(the “Distribution”).

In connection with the Distribution, the Company, CS and Cadbury plc have entered into the
Employee Matters Agreement (as defined herein). The Employee Matters Agreement, among other
things, sets forth the treatment of the awards granted to employees of the Company under the
CS Bonus Share Retention Plan (the “CS BSRP”) and converted to awards under this Dr Pepper
Snapple Group, Inc. Legacy Bonus Share Retention Plan (the “Plan”). The Company has
established this Plan to set forth rules to facilitate in the payment and settlement of the
converted awards, consistent with the terms and conditions of the Employee Matters
Agreement.

 

 

DR PEPPER SNAPPLE GROUP, INC.

LEGACY BONUS SHARE RETENTION PLAN

	1.	 	INTERPRETATION AND CONSTRUCTION
	 
	1.1.	 	Definitions
	 
	 	 	In this Plan, the following expressions have the meanings shown next to them:
	 
	 	 	Act — United Kingdom Income and Corporation Taxes Act 1988;
	 
	 	 	Award — a Basic Award or a Matching Award, as the case may be;
	 
	 	 	Award Shares — the number of Shares in respect of which the Award was granted, such number
being determined in accordance with Article 3 of the Employee Matters Agreement;
	 
	 	 	Basic Award — the right to receive Shares granted to a Participant subject to and in
accordance with the Rules and with Article 3 of the Employee Matters Agreement to replace
a corresponding Basic Share Award;
	 
	 	 	Basic Share Award — an award held by a Participant under the CS BSRP which is replaced by
a Basic Award; references to “corresponding” shall be construed accordingly;
	 
	 	 	Board — the Board of Directors of the Company or a duly appointed committee of it;
	 
	 	 	Change in Control — an occurrence where any person, partnership, corporation, trust or
similar entity or group acquires in a transaction or a series of transactions 30% or more
of the voting securities of the Company;
	 
	 	 	Code — the Internal Revenue Code of 1986, as amended, and the Treasury regulations
promulgated thereunder;
	 
	 	 	Committee — the Compensation Committee of the Board;
	 
	 	 	Company — Dr Pepper Snapple Group, Inc.;
	 
	 	 	Control — the same meaning as in section 840 (Meaning of “control” in certain contexts) of
the Act;
	 
	 	 	Effective Date — the Plan shall be effective on May 7, 2008;
	 
	 	 	Employee Matters Agreement — the Employee Matters Agreement between and among CS, the
Company and Cadbury plc dated to be effective as of May 7, 2008;
	 
	 	 	Holding Company — the same meaning as in section 736 (“Subsidiary”, “holding company” and
“wholly-owned subsidiary”) of the United Kingdom Companies Act 1985;
	 
	 	 	Matching Award — the right to receive Shares granted to a Participant subject to and in
accordance with the Rules and with Article 3 of the Employee Matters Agreement to replace
a corresponding Matching Share Award;
	 
	 	 	Matching Share Award — the award held by a Participant under the CS BSRP which is replaced
by a Matching Award;
	 
	 	 	Participant — the holder of an Award or, after his death, his personal representatives;
	 
	 	 	Participating Employer — the Company and any Subsidiary of the Company;

 

 

	 	 	Release Date — subject to Rule 7.8 (Company trading policies):

	 	(i)	 	in relation to a Matching Award, its Vesting Date; and
	 
	 	(ii)	 	in relation to a Basic Award, the date which is the Release Date for the
related Matching Award granted in respect of that Basic Award;

	 	 	Rules — the rules of this Plan;
	 
	 	 	Share — a share of common stock of the Company;
	 
	 	 	Social Security Liability — a liability to pay national insurance contributions in the
United Kingdom (or their equivalent, in the opinion of the Board, outside the United
Kingdom) by reference to an Award;
	 
	 	 	Subsidiary — the same meaning as in section 736 (“Subsidiary”, “holding company” and
“wholly-owned subsidiary”) of the United Kingdom Companies Act 1985;
	 
	 	 	US Taxpayer — any Participant who is subject to US taxation on compensation paid under the
Plan;
	 
	 	 	Vesting Date — in relation to a Matching Award, the date (as certified by CS) which would
have been the vesting date of the corresponding Matching Share Award granted to a
Participant under the CS BSRP.
	 
	1.2.	 	Construction of the Rules
	 
	1.2.1.	 	Where the context so requires, any reference in these Rules:

	 	(i)	 	to the singular includes the plural and vice versa;
	 
	 	(ii)	 	to the masculine gender includes the feminine; and
	 
	 	(iii)	 	to an enactment includes that enactment as for the time being amended or
re-enacted.

	1.2.2.	 	The headings to the Rules are for reference purposes only and are not to affect the meaning
or construction of the Rules.
	 
	1.3.	 	Governing Law
	 
	 	 	Unless the Rules provide otherwise, this Plan and any Award granted under it will be
governed by and construed in accordance with the laws of the State of Delaware.
	 
	1.4.	 	Administration
	 
	 	 	Unless the Rules provide otherwise, the Committee will administer the Plan and shall have
full authority to make all legal and factual determinations, construe and interpret the
Plan in accordance with the terms herein.
	 
	1.5.	 	Disputes
	 
	 	 	The Committee’s decision on the construction of the Rules and on any disputes arising
under the Plan is final and binding on all persons.

2

 

	2.	 	GRANTING AWARDS
	 
	 	 	In accordance with the Employee Matters Agreement, the Company shall grant the Awards on
the Effective Date or before the Effective Date (in which case the Awards will be
conditional upon the Distribution occurring). No additional Awards shall be granted under
the Plan.
	 
	 	 	The Company shall notify each Participant of his Awards as soon as practicable after the
date of grant and of the number of Shares subject to them.
	 
	3.	 	TRANSFER OF SHARES
	 
	3.1.	 	Transfer of Shares
	 
	3.1.1.	 	Subject to Rule 8, within 28 days after the Release Date applicable to an Award, the Company
shall transfer, or ensure the transfer of, the Award Shares to a Participant or to a
Participant’s personal representatives.
	 
	3.1.2.	 	The Company’s obligation under Rule 3.1.1 is, however, subject to:

	 	(i)	 	any necessary consents or approvals, as may be required by any competent
authority, having first been obtained;
	 
	 	(ii)	 	a Participant having complied with the terms of the Basic Award or Matching Award; and
	 
	 	(iii)	 	Rule 7.9 (Withholding obligations).

	3.2.	 	Death of a Participant
	 
	 	 	If a Participant dies before the Release Date, his Award Shares shall be transferred to
his personal representatives in accordance with Rule 3.1 (as soon as practicable after a
Participant’s death).
	 
	3.3.	 	Termination of Employment
	 
	 	 	The termination of a Participant’s employment for any reason shall have no effect on his
Award, except as provided for in Rule 3.2.
	 
	4.	 	CHANGE IN CONTROL AND LIQUIDATION
	 
	4.1.	 	Effect of Change in Control
	 
	4.1.1.	 	Subject to this Rule, if:

	 	(i)	 	there is a Change in Control; or
	 
	 	(ii)	 	any person (either alone or together with any person acting in concert with
him) already having 30% or more of the voting securities of the Company makes a
general offer to acquire all the Shares of the Company (other than those which are
already owned by him and/or any person acting in concert with him); or
	 
	 	(iii)	 	a resolution is passed for the winding-up, or an order is made for the
compulsory winding-up, of the Company.

	 	 	A Participant’s Award Shares shall be transferred in accordance with Rule 3.1 (Transfer of
Shares) within 28 days after the date on which the relevant event occurs.

3

 

	4.2.	 	Overriding Provision
	 
	 	 	This Rule applies if all of the following conditions are satisfied:

	 	(i)	 	the events referred to in Rule 4.1.1 form part of a scheme or arrangement
as a result of which the Company will be under the Control of another company;
	 
	 	(ii)	 	the persons who will own shares in that company immediately after the
scheme or arrangement will be substantially the same as the persons who own shares in
the Company immediately before the scheme or arrangement; and
	 
	 	(iii)	 	Participants are to be offered substitute awards in accordance with Rule 5
(Substitute Awards following Change in Control).

	 	 	The Committee may decide that Rule 4.1 will not apply but that the Rules will instead
apply to the shares, and replacement awards, which a Participant receives in substitution
for his Awards.
	 
	5.	 	SUBSTITUTE AWARDS FOLLOWING CHANGE IN CONTROL
	 
	5.1.	 	Application
	 
	 	 	Rule 5 applies where an acquiring company:

	 	(i)	 	obtains Control in the Company as a result of making a general offer to
acquire the whole of the issued share capital of the Company made on a condition such
that if it is satisfied the acquiring company will have Control of the Company: or
	 
	 	(ii)	 	obtains Control in the Company as a result of making a general offer to
acquire all the Shares.

	 	 	The acquiring company’s offer need not extend to shares which are already owned by it
and/or by its Holding Company and/or by the Subsidiaries of it or of its Holding Company.
	 
	5.2.	 	Release of Awards
	 
	 	 	Subject to Rule 8, with the agreement of the acquiring company, a Participant may release
his Award (the “Old Award”) in consideration of the grant to him of a replacement award
(the “New Award”) over shares in the acquiring company or some other company.
	 
	 	 	The number of shares over which (or in respect of which) the New Award is granted
must have the same fair market value as the Shares subject to the Old Award or otherwise
be determined on such terms as the Committee considers to be fair and reasonable to
preserve the intrinsic value of the Old Award.
	 
	5.3.	 	Deemed Release
	 
	 	 	If Rule 4.2 (Overriding provision) applies, the Committee may decide that a Participant
will be deemed to have agreed to the release of his Old Award in return for the grant of a
New Award under this Rule 5.
	 
	5.4.	 	Consequences of Release
	 
	 	 	If a Participant is granted a New Award under Rule 5, the Rules will apply to the New
Award:

	 	(i)	 	as if references to Shares were references to the shares in respect of
which the New Award is granted; and

4

 

	 	(ii)	 	as if references to the Company (including any such references as occur in
expressions which are defined in Rule 1 and used in those Rules) were references to
the company in respect of whose shares the new award is granted.

	6.	 	VARIATION OF CAPITAL
	 
	 	 	If there is a variation in the capital of the Company or in such other circumstances as
the Board considers appropriate, the Board may adjust each Award in any way that it
decides is appropriate. The Board’s decision will be final and binding on all parties.
The Company shall inform each Participant of any adjustment to his Award as soon as
practicable after the Board’s decision.
	 
	7.	 	GENERAL
	 
	7.1.	 	Availability of Shares
	 
	 	 	The Company shall ensure that sufficient Shares are available for all subsisting Awards.
	 
	7.2.	 	Non-transferability of Awards
	 
	 	 	An Award is personal to a Participant and his personal representatives. It will lapse
immediately if:

	 	(i)	 	a Participant transfers it or creates any interest in it in favor of any
third party; or
	 
	 	(ii)	 	if a bankruptcy order or judgment is made in respect of him under the laws
of any applicable jurisdiction.

	7.3.	 	Relationship to Contract of Employment
	 
	 	 	Participation in the Plan is a matter entirely separate from, and does not affect, a
Participant’s pension rights and terms of employment.
	 
	7.4.	 	Notices and Circulars to Shareholders
	 
	 	 	Unless otherwise required by applicable law, the Company need not give Participants copies
of any documents sent by the Company to its shareholders.
	 
	7.5.	 	Costs and Expenses
	 
	 	 	The costs of the preparation and operation of this Plan will be borne by the Company. The
Company may, however, require Participating Employers to share the costs on such a basis
as the Board considers fair.
	 
	7.6.	 	Rights of New Shares Issued
	 
	 	 	Shares issued pursuant to this Plan will rank equally in all respects with Shares then in
issue, save as regards any rights attaching to Shares by reference to a record time or
date prior to the time or date of issue.
	 
	7.7.	 	Listing
	 
	 	 	The Company must at its expense apply to the New York Stock Exchange for permission to
list the Shares. The Company need not do so, however, if the Shares are not then traded
on the New York Stock Exchange.

5

 

	7.8.	 	Company Trading Policies
	 
	7.8.1.	 	Notwithstanding any other Rule, the Release Date applicable to an Award may not occur during
a period when the buying or selling of securities by a director or employee of the Company
would breach the Company’s securities trading policies. If the Committee so decides, this
restriction applies even if a Participant is not at that time forbidden by the Company’s
securities trading policies. This restriction does not, however, apply if permission is
given:

	 	(i)	 	in the case of a Participant who is bound by the Company’s securities
trading policies, in accordance with the procedures laid down in the Company’s
securities trading policies; and
	 
	 	(ii)	 	in the case of any other Participant, by such person as the Committee may
nominate for this purpose.

	7.9.	 	Withholding Obligations
	 
	7.9.1.	 	Rule 7.9 applies in the following circumstances:

	 	(i)	 	if the Board considers that:

	 	(a)	 	a Participant may be liable to tax, duties, social security
contributions or other amounts in circumstances related to his participation in
this Plan; and
	 
	 	(b)	 	any other person may have to make a payment to the appropriate
authorities on account of that liability; or

	 	(ii)	 	if the Award has been granted subject to a condition that a Participant
must reimburse any person for some or all of the Social Security Liability arising in
relation to that Award or if a Participant has subsequently agreed to do so or if he
has entered into an election to transfer some or all of that Social Security
Liability to himself.

	7.9.2.	 	A Participant must either remit to the Company such amount which it is required to pay (or
has paid) the appropriate authorities or agree to other arrangements approved by the Company.
If he does not do so within such period as is specified by the Company, then, to the extent
necessary to make sure that the person is reimbursed for the amount due (or paid) to the
appropriate authorities or to comply with his obligations, a Participant will be deemed to
have authorized the disposal of the Shares issuable or transferable to him in respect of his
Award and the payment of the net proceeds of sale to that person.
	 
	7.10.	 	Notices to Participants
	 
	7.10.1.	 	Any notice under the Plan to any Participant may be given personally or through the
internal post or by sending it by ordinary post, e-mail or facsimile or by other electronic
means (including the internet and the intranet) to the address or number given by that person.
	 
	7.10.2.	 	Where a notice or document is sent to a Participant by post, it will be treated as being
received 72 hours after it was put into the post properly addressed and stamped. In all other
cases, the notice or document will be treated as received when it is given.
	 
	7.10.3.	 	All notices and documents given or sent to Participants will be given or sent at the risk
of the addressee. Neither the Company nor any of its Subsidiaries have any liability in
respect of any notice or document sent, nor any obligation to check that the addressee
actually receives it.
	 
	7.11.	 	Notices to the Company

6

 

	 	 	A person must give notice to the Company or the Committee by such means as the Board may
from time to time decide. Such means may include, but are not limited to, delivering it
personally or through the internal post or by post to the Company’s registered office (or
such other place or places as the Board may from time to time determine) marked for the
attention of the Company Secretary or by sending it by facsimile or e-mail or other
electronic means (including the internet and the intranet) to such address or number as
the Board may from time to time determine. Unless otherwise agreed by the Company, a
notice will only be effective when it is received by the Company.
	 
	8.	 	SECTION 409A OF THE CODE
	 
	8.1.1.	 	If a Participant is a “specified employee,” as defined in Section 409A of the Code, and is
subject to the imposition of certain excise taxes, interest and other penalties with respect
to amounts payable under the Plan in connection with his separation from service hereunder,
then notwithstanding anything to the contrary in the Plan, any payments due to a Participant
hereunder shall not commence until the Payment Date (as defined below).
	 
	8.1.2.	 	For purposes of this Rule, the earlier of (i) the first business day following the six-month
anniversary of the date of a Participant’s separation from service pursuant to Section 409A of
the Code and (ii) the 15th business day following the Company’s receipt of notice of a
Participant’s death is referred to as the “Payment Date”.
	 
	8.1.3.	 	If any provision of the Plan contravenes Section 409A of the Code, or could cause any
amounts or benefits hereunder to be subject to taxes, interest or penalties under Section
409A, the Company may, in its sole discretion and without a Participant’s consent, modify the
Plan to: (i) comply with, or avoid being subject to, Section 409A of the Code and avoid the
imposition of taxes, interest and penalties under Section 409A of the Code, and (ii) maintain,
to the maximum extent practicable, the original intent of the applicable provision without
contravening the provisions of Section 409A of the Code. This Rule is not intended to create
an obligation on the part of the Company to modify the Plan and does not guarantee that the
amounts or benefits owed under the Plan shall not be subject to interest and penalties under
Section 409A of the Code.
	 
	9.	 	CHANGING AND ENDING THE PLAN
	 
	9.1.	 	Power of Change — General
	 
	 	 	Subject to the limitations in Rule 9.2 the Committee may change the Plan in any way.
	 
	9.2.	 	Power of Change — Limitations
	 
	 	 	Subject to the exceptions in Rule 9.3, no change may be made which would affect adversely any of the subsisting rights of
a Participant except either with his consent in writing or with the consent of the majority of the Participants affected
by the change.
	 
	9.3.	 	Power of Change — Exceptions
	 
	9.3.1.	 	The Committee may change the Plan to take account of any amendments to the Act or other
applicable legislation.
	 
	9.3.2.	 	The Committee may change the Plan to obtain or keep favorable tax, exchange control or
regulatory treatment for Participants or for any member of the Group.
	 
	9.3.3.	 	The Committee may make minor changes to the Plan to benefit the administration of the Plan.
	 
	9.4.	 	Notification of Changes

7

 

	 	 	The Company must inform a Participant of any change made under this Rule 9 which affects
his rights.

8exv4w6

Exhibit 4.6

DR PEPPER SNAPPLE GROUP, INC.

DR PEPPER SNAPPLE GROUP, INC.

LEGACY INTERNATIONAL SHARE AWARD PLAN

Effective as of May 7, 2008

 

 

THE RULES OF THE DR PEPPER SNAPPLE GROUP, INC.

LEGACY INTERNATIONAL SHARE AWARD PLAN

CONTENTS

	 	 	 	 	 	 	 
	1.

	 	INTERPRETATION AND CONSTRUCTION
	 	 	3	 
	 
	 	 	 	 	 	 
	2.

	 	GRANTING AWARDS
	 	 	4	 
	 
	 	 	 	 	 	 
	3.

	 	TRANSFER OF SHARES
	 	 	5	 
	 
	 	 	 	 	 	 
	4.

	 	CHANGE IN CONTROL AND LIQUIDATION
	 	 	5	 
	 
	 	 	 	 	 	 
	5.

	 	SUBSTITUTE AWARDS FOLLOWING CHANGE IN CONTROL
	 	 	6	 
	 
	 	 	 	 	 	 
	6.

	 	VARIATION OF CAPITAL
	 	 	7	 
	 
	 	 	 	 	 	 
	7.

	 	GENERAL
	 	 	7	 
	 
	 	 	 	 	 	 
	8.

	 	SECTION 409A OF THE CODE
	 	 	9	 
	 
	 	 	 	 	 	 
	9.

	 	CHANGING AND ENDING THE PLAN
	 	 	10	 

 

 

DR PEPPER SNAPPLE GROUP, INC.

LEGACY INTERNATIONAL SHARE AWARD PLAN

Introduction

Cadbury Schweppes Public Limited Company, registered in England with No. 52457 (“CS”),
Cadbury plc and the Company have entered into a Separation and Distribution Agreement
effective as of May 1, 2008 (the “Separation Agreement”) pursuant to which (i) CS will
become a wholly-owned subsidiary of Cadbury plc; (ii) CS and/or one or more members of the
Cadbury business will, collectively, retain or acquire beneficial ownership of all of the
assets of the Cadbury business and assume all of the liabilities of the Cadbury business
and the Company and/or one or more of its Subsidiaries will, collectively, retain or
acquire beneficial ownership of all of the Beverages Assets and assume all of the Beverages
Liabilities (as such terms are defined in the Separation Agreement); and (iii) the Company
will distribute to the holders of Cadbury plc Ordinary Shares, on a pro rata basis, without
any consideration being paid by such holders, all of the outstanding Shares of the Company
(the “Distribution”).

In connection with the Distribution, the Company, CS and Cadbury plc have entered into the
Employee Matters Agreement (as defined herein). The Employee Matters Agreement, among
other things, sets forth the treatment of the awards granted to employees of the Company
under the CS International Share Award Plan (the “CS ISAP”) and converted to awards under
this Dr Pepper Snapple Group, Inc. Legacy International Share Award Plan (the “Plan”). The
Company has established this Plan to set forth rules to facilitate in the payment and
settlement of the converted awards, consistent with the terms and conditions of the
Employee Matters Agreement.

 

 

Dr Pepper Snapple Group, Inc.

LEGACY INTERNATIONAL SHARE AWARD PLAN

	1.	 	INTERPRETATION AND CONSTRUCTION
	 
	1.1	 	Definitions
	 
	 	 	In this Plan, the following expressions have the meanings shown next to them:
	 
	 	 	Act — United Kingdom Income and Corporation Taxes Act 1988;
	 
	 	 	Award — the Award granted to a Participant subject to and in accordance with the Rules and
with Article 3 of the Employee Matters Agreement to replace a corresponding Conditional
Award;
	 
	 	 	Award Shares — the number of Shares in respect of which the Award was granted, such number
being determined in accordance with Article 3 of the Employee Matters Agreement;
	 
	 	 	Board — the Board of Directors of the Company or a duly appointed committee of it;
	 
	 	 	Change in Control — an occurrence where any person, partnership, corporation, trust or
similar entity or group acquires in a transaction or a series of transactions 30% or more
of the voting securities of the Company;
	 
	 	 	Code — the Internal Revenue Code of 1986, as amended, and the Treasury regulations
promulgated thereunder;
	 
	 	 	Committee — the Compensation Committee of the Board;
	 
	 	 	Company — Dr Pepper Snapple Group, Inc.;
	 
	 	 	Conditional Award — an “Award” (as defined under the CS ISAP) held by a Participant under
the CS ISAP which is replaced by an Award;
	 
	 	 	Control — the same meaning as in section 840
(Meaning of “control” in certain contexts) of
the Act;
	 
	 	 	Effective Date — the Plan shall be effective on May 7, 2008;
	 
	 	 	Employee Matters Agreement — the Employee Matters Agreement between and among CS, the
Company and Cadbury plc dated effective as of May 7, 2008;
	 
	 	 	Family Member or Family Trust — in relation to a Participant, one of the following:

	 	(i)	 	his spouse or children or step-children under the age of 18; or
	 
	 	(ii)	 	a trust in respect of which confirmation has been received by the Committee
from the trustees of the trust in such form as the Committee may from time to time
determine that the terms of the trust do not permit any of the settled property to be
applied otherwise than for the benefit of a Participant and a Participant’s spouse or
children or step-children under the age of 18;

	 	 	Holding Company — the same meaning as in section
736 (“Subsidiary”, “holding company” and
“wholly-owned subsidiary”) of the United Kingdom Companies Act 1985;
	 
	 	 	Participant — the holder of an Award or, after his death, his personal representative;
	 
	 	 	Participating Employer — the Company and any Subsidiary of the Company;

3

 

	 	 	Release Date — in relation to an Award, the date (as certified by CS) on which the shares
subject to an applicable Conditional Award would have become vested and eligible for
release to a Participant under the CS ISAP. This is subject to Rule 7.6 (Company trading
policies);
	 
	 	 	Rules — the rules of this Plan;
	 
	 	 	Share — a share of common stock of the Company;
	 
	 	 	Social Security Liability — a liability to pay national insurance contributions in the
United Kingdom (or their equivalent, in the opinion of the Committee, outside the United
Kingdom), taxes or duties;
	 
	 	 	Subsidiary — the same meaning as in section 736
(“Subsidiary”, “holding
company” and
“wholly-owned subsidiary”) of the United Kingdom Companies Act 1985;
	 
	 	 	US Taxpayer — any Participant who is subject to US taxation on compensation paid under the
Plan.
	 
	1.2	 	Construction of the Rules
	 
	(A)	 	Where the context so requires, any reference in these Rules:

	 	(i)	 	to the singular includes the plural and vice versa;
	 
	 	(ii)	 	to the masculine gender includes the feminine; and
	 
	 	(iii)	 	to an enactment includes that enactment as for the time being amended or
re-enacted.

	(B)	 	The headings to the Rules are for reference purposes only and are not to affect the meaning
or construction of the Rules.
	 
	(C)	 	The Schedules to these Rules form part of the Rules.
	 
	1.3	 	Governing Law
	 
	 	 	Unless the Rules provide otherwise, this Plan and any Award granted under it will be
governed by and construed in accordance with the laws of the State of Delaware.
	 
	1.4	 	Administration
	 
	 	 	Unless the Rules provide otherwise, the Committee will administer the Plan and shall have
full authority to make all legal and factual determinations, construe and interpret the
Plan in accordance with the terms herein.
	 
	1.5	 	Disputes
	 
	 	 	The Committee’s decision on the construction of the Rules and on any disputes arising under
the Plan is final and binding on all persons.
	 
	2.	 	GRANTING AWARDS
	 
	 	 	In accordance with the Employee Matters Agreement, the Company shall grant the Awards on
the Effective Date or before the Effective Date (in which case the Awards will be
conditional upon the Distribution occurring). No additional Awards shall be granted under
the Plan.

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	 	 	The Company shall notify each Participant of his Awards as soon as practicable after the
date of grant and of the number of Shares subject to them.
	 
	3.	 	TRANSFER OF SHARES
	 
	3.1	 	Transfer of Shares
	 
	(A)	 	Subject to Rule 8, within 28 days after the Release Date applicable to an Award, the Company
shall transfer, or ensure the transfer of, the Award Shares to a Participant or such
Participant’s personal representatives.
	 
	(B)	 	The Company’s obligation under Rule 3.1 is, however, subject to (i) any necessary consents
or approvals as may be required by any competent authority have first been obtained; (ii) Rule
7.7 (Withholding obligations); and (iii) Rule 7.8 (Social Security Liability).
	 
	3.2	 	Death of a Participant
	 
	 	 	If a Participant dies before the Release Date, his Award Shares shall be transferred to his
personal representatives in accordance with Rule 3.1 (as soon as practicable after a
Participant’s death).
	 
	3.3	 	Termination of Employment
	 
	 	 	The termination of a Participant’s employment for any reason shall have no effect on his
Award, except as provided for in Rule 3.2.
	 
	4.	 	CHANGE IN CONTROL AND LIQUIDATION
	 
	4.1	 	Effect of Change in Control
	 
	 	 	This Rule applies if:

	 	(i)	 	any person (either alone or together with any person acting in concert with
him) obtains Control of the Company; or

	 	(ii)	 	any person (either alone or together with any person acting in concert with
him) already having Control of the Company makes a general offer to acquire all the
Shares of the Company (other than those which are already owned by him and/or any
person acting in concert with him); or

	 	(iii)	 	a resolution is passed for the winding up, or an order is made for the
compulsory winding-up, of the Company.

	 	 	A Participant’s Award Shares shall be transferred in accordance with
Rule 3.1 within 28 days after the date on which the relevant event
occurs.
	 
	4.2	 	Overriding Provision
	 
	 	 	This Rule applies if all of the following conditions are satisfied:

	 	(i)	 	the events referred to in Rule 4 form part of a scheme or arrangement as a
result of which the Company will be under the Control of another company;

	 	(ii)	 	immediately after the scheme or arrangement at least 50% of the shares of the
acquiring company will be owned by persons who owned shares in the Company immediately
before the scheme or arrangement; and

5

 

	 	(iii)	 	Participants are to be offered substitute awards in accordance with Rule 5
(Substitute Awards following a Change in Control).

	 	 	The Committee may decide that Rule 4.1 will not apply but that the Rules will instead apply
to the shares, and replacement awards, which a Participant receives in substitution for his
Awards.
	 
	5.	 	SUBSTITUTE AWARDS FOLLOWING CHANGE IN CONTROL
	 
	5.1	 	Application
	 
	 	 	Rule 5 applies where an acquiring company:

	 	(i)	 	obtains Control in the Company as a result of making a general offer to
acquire the whole of the issued share capital of the Company made on a condition such
that if it is satisfied the acquiring company will have Control of the Company: or

	 	(ii)	 	obtains Control in the Company as a result of making a general offer to
acquire all the Shares.

	 	 	The acquiring company’s offer need not extend to shares which are already owned by it
and/or by its Holding Company and/or by the Subsidiaries of it or of its Holding Company.
	 
	5.2	 	Release of Awards
	 
	 	 	Subject to Rule 8, with the agreement of the acquiring company, a Participant may release
his Award (the “Old Award”) in consideration of the grant to him of a replacement award
(the “New Award”) over shares in the acquiring company or some other company.
	 
	 	 	The number of shares over which (or in respect of which) the New Award is granted must have
the same fair market value as the Shares subject to the Old Award or otherwise be
determined on such terms as the Committee considers to be fair and reasonable to preserve
the intrinsic value of the Old Award.
	 
	5.3	 	Deemed Release
	 
	 	 	If Rule 4.2 (Overriding provision) applies, the Committee may decide
that a Participant will be deemed to have agreed to the release of his
Old Award in return for the grant of a New Award under this Rule 5.
	 
	5.4	 	Consequences of Release
	 
	 	 	If a Participant is granted a New Award under this Rule 5, the Rules will apply to the New
Award:

	 	(i)	 	as if references to Shares were references to the shares in respect of, or by
reference to, which the New Award is granted; and

	 	(ii)	 	as if references to the Company (including any such references as occur in
expressions which are defined in Rule 1 and used in those Rules) were references to
the company in respect of whose shares the New Award is granted.

6

 

	6.	 	VARIATION OF CAPITAL
	 
	 	 	If there is a variation in the capital of the Company or in such other circumstances as the
Committee considers appropriate, the Committee may adjust each Award in any way that it
decides is appropriate. The Committee’s decision will be final and binding on all parties.
The Company shall inform each Participant (or, if applicable, such Participant’s Family
Member or Family Trust) of any adjustment to his Award as soon as practicable after the
Committee’s decision.
	 
	7.	 	GENERAL
	 
	7.1	 	Availability of Shares
	 
	 	 	The Company shall ensure that sufficient Shares are available for all subsisting Share
Awards.
	 
	7.2	 	Non-transferability of Awards
	 
	 	 	With the prior agreement of the Committee, an Award may be transferred to a Participant’s
Family Member or Family Trust. Subject to this exception, an Award will lapse immediately
if:

	 	•	 	a Participant to whose Family Member or Family Trust the Award was granted or has
been transferred, transfers it or creates any interest in it in favor of any third
party; or

	 	•	 	a bankruptcy order or judgment is made in respect of him under the laws of any
applicable jurisdiction.

	7.3	 	Relationship to Contract of Employment
	 
	 	 	Participation in the Plan is a matter entirely separate from, and does not affect, a
Participant’s pension rights or terms of employment.
	 
	7.4	 	Notices and Circulars to Shareholders
	 
	 	 	Unless otherwise required by applicable law, the Company need not give Participants copies
of any documents sent by the Company to its shareholders.
	 
	7.5	 	Costs
	 
	 	 	The Company must pay the costs of preparing and running the Plan. It may, however, require
Participating Employers to share the costs on such a basis as the Committee considers fair.
	 
	7.6	 	Company Trading Policies
	 
	 	 	Notwithstanding any other Rule, the Release Date applicable to an Award may not occur,
during a period when the buying or selling of securities by a director or employee of the
Company would breach the Company’s securities trading policies. If the Committee so
decides, this restriction applies even if a Participant is not at that time forbidden by
the Company’s securities trading policies from buying or selling securities. This
restriction does not, however, apply if permission is given:

	 	(i)	 	in the case of a Participant who is bound by the Company’s securities trading
policies, in accordance with the procedures laid down in the Company’s securities
trading policies ; and

7

 

	 	(ii)	 	in the case of any other Participant, by such person as the Committee may
nominate for this purpose.

	 	 	In the case of a Participant who is a US Taxpayer, the Release Date may be delayed when the
Committee reasonably anticipates that the release of Shares or the occurrence of the
Release Date will violate applicable law or where otherwise permitted under Section 409A of
the Code.
	 
	7.7	 	Withholding Obligations
	 
	(A)	 	This Rule applies if the Committee considers that:

	 	(a)	 	a Participant (or, if applicable, such Participant’s Family
Member or Family Trust) may be liable to tax, duties, social security
contributions or other amounts when Shares are released to him; and

	 	(b)	 	any other person may have to make a payment to the
appropriate authorities on account of that liability.

	(B)	 	A Participant (or, if applicable, such Participant’s Family Member or Family Trust) must
either remit to the Company such amount which it is required to pay (or has paid) the
appropriate authorities or agree to other arrangements approved by the Company. If he does
not do so within such period as is specified by the Company, then, to the extent necessary to
make sure that the person is reimbursed for the amount due (or paid) to the appropriate
authorities or to comply with his obligations, a Participant will be deemed to have authorized
the disposal of the Shares issuable or transferable to him in respect of his Award and the
payment of the net proceeds of sale to that person.

	(C)	 	With respect to any Participant in this Plan who is obligated to pay taxes in Canada as the
result of the conversion of the interests into this Plan (as described in the Introduction),
then such Participant may elect to receive a distribution of that portion of the shares to
which he is entitled under this Plan, equal to the number of shares (but not to exceed the
number of shares to which the electing Participant is entitled to receive under this Plan)
that, when sold, will provide proceeds sufficient to pay the taxes the electing Participant is
obligated to pay to the Canadian taxing authorities. The election shall be made by sending
notice to:

Dr Pepper Snapple Group, Inc.

5301 Legacy Drive

Plano, Texas 75024

Attn: Stacy Higgins

	 	 	To be effective such notice of election shall provide the (i) name, address and contact
information for the Participant, (ii) an affirmative statement that he or she is obligated
to pay taxes in Canada as the result of the conversion, (iii) a representation that, if
sold, the number of shares that the Participant needs to sell to receive proceeds to
satisfy the Participant’s tax obligation in Canada resulting from the conversion, and (iv)
the number of shares the Participant wishes to be distributed from this Plan. The notice
must be received not later than June 27, 2008. The Company is entitled to request such
other information from the Participant to confirm the Participant is entitled to receive a
distribution.
	 
	7.8	 	Social Security Liability
	 
	(A)	 	This Clause applies if the Award has been granted subject to a condition that a Participant
(or, if applicable, such Participant’s Family Member or Family Trust) must reimburse any
person for some or all of the Social Security Liability arising as a result of

8

 

	 	 	Shares being released or if a Participant has subsequently agreed to do so or if he has
entered into an election to transfer some or all of that Social Security Liability to
himself.
	 
	(B)	 	A Participant must either remit to the Company such amount which it needs to pay (or has
paid) the appropriate authorities or agree to other arrangements approved by the Company. If
he does not do so within such period as is specified by the Company, then, to the extent
necessary to make sure that a Participant complies with his obligations, a Participant will be
deemed to have authorized the disposal of his Vested Shares and the payment of the net
proceeds of sale to that person.
	 
	7.9	 	Notices to Participants
	 
	 	 	Any notice under the Plan to a Participant may be given personally or through the internal
post or by sending it by post, e-mail or facsimile to the address or number given by that
person.
	 
	 	 	Where a notice or document is sent to a Participant by post it will be treated as being
received 72 hours after it was put into the post properly addressed and stamped. In all
other cases, the notice or document will be treated as received when it is given.
	 
	 	 	All notices and documents given or sent to Participants will be given or sent at the risk
of the addressee. Neither the Company nor any of its Subsidiaries any liability in respect
of any notice or document given or sent, nor any obligation to check that the addressee
actually receives it.
	 
	7.10	 	Notices to the Company
	 
	 	 	A person must give notice to the Company or the Committee by such means as the Board may
from time to time decide. Such means may include, but are not limited to, delivering it
personally or through the internal post or by post to the Company’s registered office (or
such other place or places as the Board may from time to time determine) marked for the
attention of the Company Secretary or by sending it by facsimile or e-mail or other
electronic means (including the internet and the intranet) to such address or number as the
Board may from time to time determine. Unless otherwise agreed by the Company, a notice
will only be effective when it is received by the Company.
	 
	8.	 	SECTION 409A OF THE CODE
	 
	8.1	 	If a Participant is a “specified employee,” as defined in Section 409A of the Code, and is
subject to the imposition of certain excise taxes, interest and other penalties with respect
to amounts payable under the Plan in connection with his separation from service hereunder,
then notwithstanding anything to the contrary in the Plan, any payments due to a Participant
hereunder shall not commence until the Payment Date (as defined below).
	 
	8.2	 	For purposes of this Rule, the earlier of (i) the first business day following the six-month
anniversary of the date of a Participant’s separation from service pursuant to Section 409A of
the Code and (ii) the 15th business day following the Company’s receipt of notice of a
Participant’s death is referred to as the “Payment Date”.
	 
	8.3	 	If any provision of the Plan contravenes Section 409A of the Code, or could cause any amounts
or benefits hereunder to be subject to taxes, interest or penalties under Section 409A, the
Company may, in its sole discretion and without a Participant’s consent, modify the Plan to:
(i) comply with, or avoid being subject to, Section 409A of the Code and avoid the imposition
of taxes, interest and penalties under Section 409A of the Code, and (ii) maintain, to the
maximum extent practicable, the original intent of the applicable provision without
contravening the provisions of Section 409A of the

9

 

	 
	 	 	Code. This Rule is not intended to create an obligation on the part of the Company to
modify the Plan and does not guarantee that the amounts or benefits owed under the Plan
shall not be subject to interest and penalties under Section 409A of the Code.
	 
	9.	 	CHANGING AND ENDING THE PLAN
	 
	9.1	 	Power of Change — General
	 
	 	 	Subject to the limitations in Rule 9.2, the Committee may change the Plan in any way.
	 
	9.2	 	Power of Change — Limitations
	 
	 	 	Subject to the exceptions in Rule 9.3, no change may be made which would affect adversely
any of the subsisting rights of a Participant except either with his written consent or
with the consent of most of the Participants affected by the change.
	 
	9.3	 	Power of Change — Exceptions
	 
	(A)	 	The Committee may change the Plan to take account of any changes to the Act or other relevant
law.
	 
	(B)	 	The Committee may change the Plan and/or the terms of Awards to get or keep favorable tax,
exchange control or regulatory treatment for Participants or any member of the Company or its
Subsidiaries.
	 
	(C)	 	The Committee may make minor changes to the Plan to ease its administration or to correct
clerical errors.
	 
	9.4	 	Notification of Changes
	 
	 	 	The Company must inform a Participant of any change made under Rule 9 which affects his
rights.

10

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