Document:

Form of Stock Option Agreement, Senior Officer Residing in the United Kingdom

 Exhibit 10.14.5 
 Form of Stock Option Agreement (Senior Officer Residing in the United Kingdom) 
 In Connection with
the 2007 Stock Incentive Award Plan and 
 United Kingdom 2002 Approved Stock Option Subplan 
 Name of Optionee: 
 Number of Approved Options, each one for one share of
Coca-Cola Enterprises common stock: 
 Grant Date: 
 Option
Exercise Price: 
 Conditions for Vesting: 
 The terms and
conditions applicable to the grant of approved stock options (“Approved Options”) made by Coca-Cola Enterprises Inc. (the “Company”) to employees in the United Kingdom on the Grant Date specified above. This grant was made under
the Coca-Cola Enterprises Inc. 2001 Stock Option Plan (the “Plan”) and the United Kingdom 2002 Approved Stock Option Subplan (the “Subplan”), the terms of which are incorporated into this document. (In the event of any conflict
between the rules of the Plan and the Subplan, the provisions of the Subplan will prevail. All capitalized terms in this Approved Option Agreement (the “Agreement”) shall have the meaning assigned to them in this Agreement, the Plan or the
Subplan. 
  

	1.	Duration of Options. Unless an earlier expiration date applies as a result of your termination of employment, the Approved Options granted expire on [insert date 10 years
from the Grant Date]. 

  

	2.	Exercise of Options After Termination. Except as provided under the Conditions for Vesting, above, your unvested Approved Options will be forfeited if your employment
terminates before the conditions for vesting are satisfied. Any Approved Options that are, or become, vested at the time of your termination of employment may be exercised only up to the earliest of [insert date 10 years from the Grant
Date], or 

  

	 	a.	36 months after your termination because of Disability, redundancy (within the meaning of the Employment Rights Act 1996) or termination of employment with the Company or an
Affiliated Company on or after the Compulsory Retirement Age, to the extent permitted under local law. 

  

	 	b.	12 months after your termination because of death. 

  

	 	c.	The remaining term of the Approved Option after your involuntary termination of employment by the Company or an Affiliated Company without Cause within 24 months of a Change in
Control of the Company. 

  

	 	d.	6 months after your termination for any other reason. 

  

	3.	Definitions. For purposes of this grant, the following definitions apply: 

  

	 	a.	“Affiliated Company” includes a company of which the Company owns at least 20% of the voting stock or capital. The Coca-Cola Company or a company that is at least 20%
owned by The Coca-Cola Company is also considered an Affiliated Company if the Company agrees to this subsequent employment. 

	 	b.	“Compulsory Retirement Age” means age 65, or such other age, when an employee of an Affiliated Company in the UK shall be required to retire from employment, in the
absence of a request to work beyond such age that is approved by such Affiliated Company. 

  

	 	c.	“Disability” means the Option Holder’s inability, by reason of a medically determinable physical or mental impairment, to engage in any substantial gainful activity,
which condition, in the opinion of a physician approved of by the Company, is expected to have a duration of not less than one year. 

  

	 	d.	“Cause” means (i) willful or gross misconduct by the Option Holder that is materially detrimental to the Company or an Affiliated Company or (ii) acts of
personal dishonesty or fraud toward the Company or an Affiliated Company. 

  

	 	e.	“Change in Control,” solely for the purposes of Sections 2(c) and 4(c) above, shall be deemed to have occurred under any of the circumstances described below in
subsections (i) through (iv): 

 (i) If any “person”, except for: 
 the Company or any subsidiary of the Company; 
 a trustee or other entity holding securities under any employee benefit plan of the Company or any subsidiary of the Company; and 
 The Coca-Cola Company, but only to the extent of its “current ownership” 
 is or becomes the “beneficial owner” directly or indirectly, of securities of the Company representing more than 20% of the combined total voting power of the Company’s then-outstanding securities.1 
 (ii) If during any period of two consecutive
years, 
  

	 	-	the individuals constituting the Board of Directors of the Company (the “Board”) at the beginning of the two-year period; and 

  

	 	-	any new Director — except for a director designated by a person who has entered into an agreement with the Company to effect a “change in control” described in (i),
(iii) or (iv) — whose election by the Board or nomination for election by the Company’s shareholders was approved by a vote of at least two-thirds of the Board then still in office who were either directors at the beginning of
the two-year period or whose election or nomination for election was previously so approved, 

 cease for any reason to
constitute at least a majority of the Board. 
 (iii) If the shareholders of the Company approve a merger, consolidation or share exchange
with any other “person”, other than: 
  

	 	-	a merger, consolidation or share exchange that would result in the voting securities of the Company outstanding immediately prior to such event continuing to represent (either by
remaining outstanding or being converted into voting securities of either 

 (A) the surviving entity or 
  

	 1
	 As used in this definition of “Change in Control:” 

 - “person” is used as defined in Sections 13(d) and 14(d) of the U.S. Securities Exchange Act of 1934 (as amended); 
 - “beneficial owner” is used as defined in Rule 13d-3 of the U.S. Securities Exchange Act of 1934 (as amended), and 
 - “current ownership” of The Coca-Cola Company means that entity’s direct and indirect beneficial ownership of no more than an aggregate of 168,956,718
shares of the Company’s common stock (including shares of the Company’s common stock issuable upon the exercise, exchange or conversion of securities exercisable or exchangeable for, or convertible into, shares of the Company’s common
stock), the aggregate number being subject to adjustment for subsequent stock splits or dividends payable in stock that are applicable to all shares of the Company’s common stock. 
  

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 (B) another entity that owns, directly or indirectly, the entire voting interest in the surviving entity
(the “parent”)) 
 more than 50% of the voting power of the voting securities of the Company or the surviving entity (or its
“parent”) outstanding immediately after such event; or 
  

	 	-	a merger or consolidation effected to implement a recapitalization of the Company in which no “person” acquires more than 30% of the combined voting power of the
Company’s then-outstanding securities; 

 then, a “change in control” shall have occurred immediately prior to
such merger, consolidation or share exchange. 
 (iv) The shareholders of the Company approve a plan of complete liquidation of the Company or
an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets (or any transaction having a similar effect). 
  

	4.	Nontransferability of Options. Notwithstanding the terms of the Plan to the contrary, Approved Options granted herein may not be transferred except as set forth in the
Subplan. 

  

	5.	Exercise of Options. By following the procedures established from time to time by the Company, you may exercise your Approved Options in either of these two ways:

  

	 	a.	Deliver a cheque for the Option Price, together with a notice of exercise. 

  

	 	b.	Through a broker that handles the transaction for you. 

  

	6.	Responsibility for Taxes. By accepting this grant, you also acknowledge that, regardless of any action the Company or your employer takes with respect to any or all income
tax, Primary or Secondary Class 1 National Insurance Contributions, payroll tax, payment on account or other tax-related withholding (“Tax-Related Items”), the ultimate liability for all Tax-Related Items legally due by you is and remains
your responsibility and that the Company and/or your employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Approved Options, including the grant, vesting or
exercise of the Approved Options, the subsequent sale of shares of Stock acquired pursuant to such exercise and the receipt of any dividends; and (ii) do not commit to and are under no obligation to structure the terms of the grant or any
aspect of the Approved Options to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. 

 Prior to and as a condition of the exercise of the Approved Options, you will pay or make adequate arrangements satisfactory to the Company and/or your employer to satisfy all withholding obligations of the Company and/or your employer. In
this regard, you authorize the Company and/or your employer to withhold all applicable Tax-Related Items legally payable by you from your wages or other cash compensation paid to you by the Company and/or your employer or from proceeds of the sale
of the shares. Alternatively, or in addition, if permissible under UK law, the Company may (i) sell or arrange for the sale of shares that you acquire to meet the withholding obligation for Tax-Related Items, and/or (ii) withhold in
shares, provided that the Company only withholds the amount of shares necessary to satisfy the minimum withholding amount. Finally, you will pay to the Company or your employer any amount of Tax-Related Items that the Company or your employer may be
required to withhold as a result of your participation in the Plan and the Subplan or your purchase of shares that cannot be satisfied by the means previously described. The Company may refuse to honor the exercise and refuse to deliver the shares
of Stock or the proceeds of the sale of shares to you if you fail to comply with your obligations in connection with the Tax-Related Items. 
 You agree and authorize that any withholding, deduction or payment indicated above must occur within 90 days after any tax liability arises in connection with the Approved Options (the “Due Date”). In the event that the Company
and/or your employer are unable to withhold or collect any income tax due by the Due Date, you agree that the amount of uncollected tax shall constitute a loan owed by you to your employer and interest will be 

  

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charged at HM Revenue & Customs’ official rate of interest. You further agree that the loan will be immediately repayable and the Company
and/or your employer may recover it at any time thereafter by any of the means referred to in the preceding paragraph. You also authorize the Company to withhold the transfer of any shares unless and until the loan is repaid in full. 
  

	7.	Applicable UK Taxes. There will be no income tax or National Insurance Contributions due on the exercise of the Approved Options where, in addition to complying with the
rules of the Subplan, an exercise takes place: (i) while the Subplan remains approved by HM Revenue & Customs; and either (ii) on or after three years from the date of grant or, (iii) if earlier than three years from the date
of grant, within six months of the termination of your termination of employment by reason of injury, Disability, redundancy (within the meaning of the Employment Rights Act 1996) or retirement (on or after the retirement age specified in Rule 5(a)
of the Subplan). 

  

	8.	Nature of Grant. In accepting the grant, you are acknowledging that: 

  

	 	a.	the Plan and the Subplan are established voluntarily by the Company, are discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time,
unless otherwise provided in the Plan, the Subplan or this Agreement; 

  

	 	b.	the grant of Approved Options is voluntary and occasional and does not create any contractual or other right to receive future grants of stock options, or benefits in lieu of stock
options, even if stock options have been granted repeatedly in the past; 

  

	 	c.	all decisions with respect to this grant of Approved Options and future stock option grants, if any, will be at the sole discretion of the Company and the Approved Options are not
an employment condition for any purpose including, but not limited to, for purposes of any legislation adopted to implement EU Directive 2000/78/EC of November 27, 2000; 

  

	 	d.	your participation in the Plan and the Subplan is voluntary; 

  

	 	e.	your participation in the Plan and the Subplan shall not create a right to further employment with your employer and shall not interfere with the ability of your employer to
terminate your employment relationship at any time with or without Cause; 

  

	 	f.	the Approved Options and the shares of Stock subject to the Approved Options are not intended to replace any pension rights or compensation; 

  

	 	g.	the Approved Options and the shares of Stock subject to the Approved Options are an extraordinary item that do not constitute compensation of any kind for services of any kind
rendered to the Company, an Affiliated Company or to your employer, and which are outside the scope of your employment contract, if any; 

  

	 	h.	the Approved Options are not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination,
dismissal, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Company or
your employer; 

  

	 	i.	neither the Approved Option grant nor any provision of this Agreement, the Plan, the Subplan or the policies adopted pursuant to the Plan or the Subplan confer upon you any right
with respect to employment or continuation of current employment with the Company, your employer or any Affiliated Company; 

  

	 	j.	the future value of the underlying shares of Stock is unknown and cannot be predicted with certainty; 

  

	 	k.	if the underlying shares of Stock do not increase in value, the Approved Options will have no value; 

  

	 	l.	if you exercise your Approved Options and obtain shares of Stock, the value of those shares of Stock acquired upon exercise may increase or decrease in value, even below the Option
Price; 

  

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	 	m.	in consideration of the grant of the Approved Options, no claim or entitlement to compensation or damages shall arise from forfeiture of the Approved Options or shares of Stock
purchased through exercise of the Approved Options resulting from termination of your employment by the Company or your employer (for any reason whatsoever and whether or not in breach of local labor laws) and you irrevocably release the Company and
your employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then you shall be deemed irrevocably to have waived your entitlement to pursue such
claim; and 

  

	 	n.	in the event of termination of your employment (whether or not in breach of local labor laws), your right to receive stock options and vest in the Approved Options under the Plan
and the Subplan, if any, will terminate effective as of the date that you are no longer actively employed and will not be extended by any notice period mandated under local law (e.g., active employment would not include a period of
“garden leave” or similar period pursuant to local law); furthermore, in the event of termination of employment (whether or not in breach of local labor laws), your right to exercise the Approved Options after termination of employment, if
any, will be measured by the date of termination of your active employment and will not be extended by any notice period mandated under local law; the Board/Committee shall have the exclusive discretion to determine when you are no longer actively
employed for purposes of your Approved Options. 

  

	9.	Data Privacy. You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data, as described
in this Agreement, by and among, as applicable, your employer, the Company and its Affiliated Companies, including the Participating Companies, for the exclusive purpose of implementing, administering and managing your participation in the Plan and
the Subplan. 

 You understand that the Company and your employer may hold certain personal information about you,
including, but not limited to, your name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, residency status, any shares of stock or directorships held in the
Company, details of all Approved Options or any other entitlement to shares of Stock granted, canceled, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and managing the Plan and the Subplan
(“Data”). You understand that Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan and the Subplan, that these recipients may be located in your country, or elsewhere,
including outside the European Economic Area, and that the recipient’s country may have different data privacy laws and protections than your country. You understand that you may request a list with the names and addresses of any potential
recipients of the Data by contacting your local human resources representative. You authorize the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and
managing your participation in the Plan and the Subplan, including any requisite transfer of such Data as may be required to a broker or other third party with whom you may elect to deposit any shares of Stock acquired upon exercise of the Approved
Option. You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the Plan and the Subplan. You understand that you may, at any time, view Data, request additional information about
the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consent herein, in any case without cost, by contacting in writing your local human resources representative. You understand that refusal or
withdrawal of consent may affect your ability to participate in the Plan and the Subplan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources
representative. 
  

	10.	Governing Law. The Approved Option grant and the provisions of this Agreement are governed by, and subject to, the laws of the State of Georgia, U.S.A., (excluding
Georgia’s conflict of laws provision). For purposes of litigating any dispute that arises under this grant or the Agreement, the parties hereby submit to and consent to the jurisdiction of the State of Georgia, and agree that such litigation
shall be conducted in the courts of Cobb County, Georgia, or the federal courts for the United States for the Northern District of Georgia, and no other courts, where this grant is made and/or to be performed. 

  

	11.	 Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan and the
Subplan or future options that may be granted under the Plan or the Subplan by electronic means or to request your consent to participate in the Plan or the Subplan by electronic 

  

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means. You hereby consent to receive such documents by electronic delivery and, if requested, to agree to participate in the Plan or the Subplan through an
on-line or electronic system established and maintained by the Company or another third party designated by the Company. 

  

	12.	Severability. If one or more of the provisions of this Agreement shall be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby and the invalid, illegal or unenforceable provisions shall be deemed null and void; however, to the extent permissible by law, any provisions which could be deemed null
and void shall first be construed, interpreted or revised retroactively to permit this Agreement to be construed so as to foster the intent of this Agreement, the Plan and the Subplan. 

  

	13.	Deemed Acceptance of Grant. There is no need to acknowledge your acceptance of this grant of Options, as you will be deemed to have accepted the grant and the terms and
conditions of the Subplan and this document unless you notify the Company in writing within sixty days that you have declined this grant. 

  

	14.	No Advice Regarding Grant. The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding your participation in the
Plan, or your acquisition or sale of the underlying shares of Stock. You are hereby advised to consult with your own personal tax, legal and financial advisors regarding your participation in the Plan before taking any action related to the Plan.

  

	15.	Plan Administration. The Company is the administrator of the Plan and the Subplan, whose function is to ensure the plan is managed according to its respective terms and
conditions. Questions pertaining to the Plan or the Subplan should be directed to: 

 COCA-COLA ENTERPRISES INC. 
 STOCK PLAN ADMINISTRATOR 
 P.O. BOX 723040

 USA, ATLANTA, GA 31139-0040 
 (001) 770-989-3000 
 Exhibit: 2002 United Kingdom Approved Stock Option Subplan 
  

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 Exhibit 
 RULES OF THE 
 COCA-COLA ENTERPRISES INC 
 UK 2002 APPROVED STOCK OPTION SUBPLAN 
  

	1.	CERTAIN DEFINITIONS 

 In this Subplan: 
  

			
	 “Approved Control”
	  	has the meaning in section 840 of the Taxes Act.
		
	 “Approved Option”
	  	means a right to acquire Stock granted pursuant to and in accordance with this Subplan.
		
	 “the Auditors”
	  	means the Auditors for the time being of the company.
		
	 “Coca-Cola Enterprises Inc.”
	  	means the company and every company which is under the Approved Control of the company.
		
	 “the Code”
	  	means the US Internal Revenue Code of 1986 as amended from time to time.
		
	 “the Committee”
	  	means the Compensation Committee serving at the pleasure of the Board of Directors of the Company;
		
	 “the Company”
	  	means Coca-Cola Enterprises Inc;
		
	 “Material Interest”
	  	has the same meaning as in section 187(3) of the Taxes Act;
		
	 “Option Holder”
	  	means a person to whom a subsisting Approved Option has been granted.
		
	 “Participating Company”
	  	means Coca-Cola Enterprises Inc. and any other company of which it has Approved Control and which is for the time being nominated by the Committee to be a Participating Company.
		
	 “the Plan”
	  	means the Coca-Cola Enterprises Inc. Stock Option Plan as amended and extended from time to time;
		
	 “Stock”
	  	means unrestricted Common Stock, par value $1.00 per share, of the Company which satisfies the conditions of paragraphs 10-14 inclusive of Schedule 9 of the Taxes Act.
		
	 “this Subplan”
	  	means the Coca-Cola Enterprises Inc. UK 2002 Approved Stock Option Subplan, as amended from time to time.
		
	 “Subsisting Option”
	  	means an Approved Option which has neither lapsed nor been exercised.
		
	 “the Taxes Act”
	  	means the (UK) Income and Corporation Taxes Act 1988.

 Words and expressions not defined in this Rule 1 have the same meaning as in Section 185 and Schedule 9 of
the Taxes Act and any reference in this Subplan to any enactment includes a reference to that enactment as from time to time modified and extended. 

	2.	PURPOSE 

 The Company has established the Coca Cola Enterprises Inc 2002
Stock Option Plan (the Plan) and under that plan the Committee can establish such rules and regulations as it deems necessary and advisable for the proper administration of the Plan. Under those powers the Committee has established this Subplan with
the intention that it be approved by the UK Inland Revenue under the provisions of Schedule 9 of the Taxes Act. Where the Committee wishes to grant stock options to acquire shares of stocks to employees of the Company’s UK subsidiaries, such
options may be granted subject to and in accordance with the rules of this Subplan rather than under the rules of the Plan. This will not preclude the Committee also granting other options to an employee under the provisions of the Plan. 

Options granted under this Subplan shall be referred to as Approved Options which will not include or in any way be linked with awards under the Plan which are
excluded from this Subplan. In particular, Section 6 (Extension of the Terms of Options) of the Plan shall not apply to Approved Options granted under this Subplan. 
 In all cases of grants of Approved Options to employees of the Company’s UK subsidiaries, the rules of this Subplan shall be strictly observed. For the purposes of the Plan, the rules of the Subplan shall be
incorporated into and made part of the Administrative Procedure for Stock Option Grants insofar as grants of Approved Options to employees of the Company’s UK subsidiaries are concerned. 
  

	3.	ELIGIBILITY 

  

	 	(a)	Approved Options may only be granted to any full-time director employed by the Participating Company (who is required to devote to his duties not less than 25 hours per week to his
duties, excluding meal breaks) or to any employee of the Participating Company. 

  

	 	(b)	Approved Options may not be granted to persons designated as members of the Committee and such other persons as the Board of Directors shall designate as persons who will be
appointed as members of the Committee more than one year following the date of such designation. 

  

	 	(c)	Approved Options may not be granted to any person at any time when he has within the preceding 12 months had a Material Interest in a close company being either the Company or a
company which has Approved Control of the Company or is a member of a consortium which owns the Company. 

  

	 	(d)	Approved Options granted to any person shall be limited and take effect so that the aggregate market value of the stock subject to that Approved Option, when aggregated with the
market value of stock subject to Subsisting Options, shall not exceed £30,000. Subsisting option shall include all Options granted under this Subplan or any other plan, not being a savings related option scheme, which has or may be established
by the Company or any associated company and approved under Schedule 9 of the Taxes Act. For the purpose of determining this limit the Option Price of the Stock shall be converted to pounds sterling using the exchange rate quoted in the Wall Street
Journal for the day coinciding with or if there is no rate quoted for that day, then the last day prior to the actual option grant date on which an exchange rate was quoted. When aggregating the Option Price of Approved Options granted at different
times the Option Price of Subsisting Options shall taken as the pound sterling value as at the date of grant of each Subsisting Option. 

  

	4.	GRANT OF APPROVED OPTIONS 

  

	 	(a)	Approved Options may only be granted pursuant to and in accordance with this Subplan after the date on which formal approval under Schedule 9 of the Taxes Act has been obtained.

  

	 	(b)	The date of grant of an Approved Option shall be the date of the Committee’s authorization of such grant which shall be notified to the Option Holder as soon as possible after
that date. 

  

	 	(c)	The grant of an Approved Option shall be evidenced by the Company issuing an Approved Option agreement which shall be in the form of the Schedule attached hereto which sets out the
terms and conditions not inconsistent with the rules of this Subplan on which the options are granted and may be exercised. No additional terms or conditions may be imposed without the prior approval of the Board of Inland Revenue.

  

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	5.	EXERCISE OF APPROVED OPTIONS 

  

	 	(a)	Approved Options may not be exercised in whole or in part at any time prior to the expiration of one year from the date of grant. Thereafter, Approved Options may be exercised at
such time or times, which may or may not be conditional on the price of the Company’s Stock as quoted on the New York Stock Exchange reaching predetermined levels, as set out in the Approved Option agreement issued to the Option Holder under
Rule 4(c). 

  

	 	(b)	Approved Options may not in any event be exercised later than the tenth anniversary of the date of grant. 

  

	 	(c)	Approved Options may not be exercised at any time when the option holder has, or has within the preceding 12 months, had a Material Interest in a close company being either the
Company or a company which has Approved Control of the Company or is a member of a consortium which owns the Company. 

  

	 	(d)	An Approved Option shall be exercisable by notice in writing (in the form prescribed by the Committee) given by the Option Holder (or his personal representatives or the
Company’s designated agent) to the Company (or its designated agent). The notice of exercise of the Approved Option shall 

  

	 	(i)	be accompanied by payment directly from the Option Holder in cleared funds for the aggregate of the Option Prices payable; or 

  

	 	(ii)	give details of payment arrangements with the Company’s designated agent, which arrangements shall have been approved in advance with the Inland Revenue.

  

	 	(e)	Following exercise of the Approved Option in accordance with Rule 5(d) of this Subplan, Stock shall be allocated and issued within 30 days of exercise. Except for any rights
determined by reference to a date preceding the date of allotment, such stock shall rank pari-passu with other Stock of the same class in issue at the date of allotment. 

  

	6.	TERMINATION OF EMPLOYMENT 

  

	 	(a)	In the event that the Option Holder’s employment terminates before the first anniversary of the date of grant, Approved Option shall be automatically cancelled upon the
termination of the Option Holder’s employment. Where the employment terminates after the first anniversary of the date of grant, any Approved Option which cannot be exercised at the date of termination shall be automatically cancelled upon
termination of the employment. 

  

	 	(b)	Subject to paragraph (c) and (d) below any Approved Option which can be exercised at the date of termination of the Option Holder’s employment must be exercised
within 6 months of the date of termination of the employment subject to the discretion of the Committee which discretion must be exercised fairly and reasonably in favour of the Option Holder, to extend the period for exercise provided that Rule
5(b) of this Subplan is not breached. 

  

	 	(c)	Upon termination of the Option Holder’s employment for retirement on or after the Option Holder’s Normal Retirement Date under a pension plan sponsored by the Company or a
Subsidiary or by reason of disability (as defined in such pension plan) or redundancy or by resignation of the Option Holder for any reason with the consent of the Committee the Approved Option shall remain fully exercisable for a period of thirty
six months after the date of such termination subject to the discretion of the Committee which discretion must be exercised fairly and reasonably in favour of the Option Holder, to extend the period for exercise provided that Rule 5(b) of this
Subplan is not breached. 

  

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	 	(d)	In the event of the death of the Option Holder, whether before or after the termination of the Option Holder’s employment, the Approved Option shall be fully exercisable by the
personal representative of the Option Holder for a period of 12 months from the date of the death of the Option Holder but in no event later than the expiration of the option under Rule 5(b) of this Subplan. 

  

	7.	OPTION PRICE 

  

	 	(a)	The price per share of Stock payable upon the exercise of an Approved Option shall not be less than 100% of the Market Value per share of Stock on the date such Approved Option is
granted and shall be payable in cash or cheque in lawful money of the United States of America. 

  

	 	(b)	For the purposes of this Subplan the Market Value of the Stock shall be calculated to be the average of the highest and lowest value as reflected on the composite tape of New York
Stock Exchange issued on the option grant date or on the next preceding day if such date was not a trading day. 

  

	8.	NON TRANSFERABILITY OF APPROVED OPTIONS 

 Approved Options granted under
this Subplan shall not be assigned, pledged or otherwise transferred except by will or by the laws of descent and distribution and during the lifetime of an Option Holder the option shall be exercised only by such an Option Holder or the option
Holder’s guardian or legal representative. 
  

	9.	EXCHANGE OF APPROVED OPTIONS ON A TAKEOVER 

  

	 	(a)	If any company (“the Acquiring Company”) obtains Approved Control of the Company within the circumstances specified in paragraph 15(1) of Schedule 9 to the Taxes Act, any
Option Holder may, by agreement with the Acquiring Company at any time within the period specified in paragraph 15(2) of that Schedule, release his Approved Option (“the Old Option”) in consideration of the grant to him of a new approved
option (“the New Option”) which is equivalent to the Old Option (by virtue of satisfying the requirements of paragraph 15(3) of Schedule 9 of the Taxes Act) but relates to shares in a different company (whether the Acquiring Company itself
or another company within its group). 

  

	 	(b)	Where any New Options are granted pursuant to Rule 9(a) of this Subplan they shall be regarded for the purposes of the subsequent application of the provisions of this Subplan as
having been granted at the time when the corresponding Old Options were granted and, with effect from the date on which the New Options are granted: 

  

	 	(i)	save for the definitions of “Participating Company” in Rule 1 of this Subplan, references to “the Company” (including the definition in Rule 1 of this Subplan)
shall be construed as being references to the Acquiring Company or such other company to whose shares the New Options relate; and 

  

	 	(ii)	references to “Stock” (including the definition in Rule 1 of this Subplan) shall be construed as being references to shares in the Acquiring Company or shares in such
other company to which the New Options relate but references to Participating Company shall continue to be construed as if references to the Company were references to Coca Cola Enterprises Inc. 

  

	10.	VARIATION OF SHARE CAPITAL 

 In the event of any capitalization or rights
issue or any consolidation, sub-division or reduction of capital by the Company, the number of shares of stock subject to any Approved Option and the option price (as defined in Rule 7) for each of those shares of Stock shall be adjusted in such
manner as the Auditors, after consultation with the Committee, confirm to be fair and reasonable provided that: 
  

	 	(a)	the aggregate amount payable on the exercise of an Approved Option in full is not increased; 

  

 4 

	 	(b)	the option price for the stock is not reduced below its nominal value; 

  

	 	(c)	no adjustment shall be made without the prior approval of the Board of Inland Revenue; and 

  

	 	(d)	following the adjustment the stock continues to satisfy the condition specified in paragraphs 10 to 14 inclusive of Schedule 9 of the Taxes Act. 

  

	11.	AMENDMENT OF THIS SUBPLAN 

 The Committee may not make any amendment to
this Subplan or to the form of words used in the UK Approved Option agreement without first obtaining the approval of the Board of Inland Revenue. 
  

 52004 Stock Award Plan

 Exhibit 10.15.1 
 COCA-COLA ENTERPRISES INC. 
 2004 STOCK AWARD PLAN 
 (As Amended Effective December 31, 2008) 
 1. Purpose. The purpose of this 2004 Stock Award Plan (the “Plan”) is to assist Coca-Cola Enterprises Inc. (the “Company”), and its Subsidiaries in attracting, retaining, and
rewarding high-quality executives, employees, and other persons who provide services to the Company and/or its Subsidiaries, enabling such persons to acquire or increase a proprietary interest in the Company in order to strengthen the mutuality of
interests between such persons and the Company’s shareowners, and providing such persons with annual and long-term performance incentives to expend their maximum efforts in the creation of shareowner value. 
 2. Definitions. For purposes of the Plan, the following terms shall be defined as set forth below, in addition
to such terms defined in Section 1, above: 
 (a) “Award” means any Option, SAR, Restricted Stock, and Deferred Stock Units
granted under this Plan. 
 (b) “Beneficiary” means the person, persons, trust or trusts which have been designated by a
Participant in his or her most recent written beneficiary designation filed with the Committee to receive the benefits specified under the Plan upon such Participant’s death or to which Awards or other rights are transferred if and to the
extent permitted under Section 10(a). If, upon a Participant’s death, there is no designated Beneficiary or surviving designated Beneficiary, then the term Beneficiary means the person, persons, trust or trusts entitled by will or the laws
of descent and distribution to receive such benefits. 
 (c) “Board” means the Company’s Board of Directors. 
 (d) “Change in Control” means the occurrence of any of the circumstances described below in subparagraphs (i) through (iv): 
 (i) If any “person”, except for: 
 the Company or any Subsidiary of the Company; 
 a trustee or other entity holding securities under any employee benefit plan of the
Company or any Subsidiary of the Company; and 
 The Coca-Cola Company, but only to the extent of its “current ownership”

 is or becomes the “beneficial owner” directly or indirectly, of securities of the Company representing more than 20% of the
combined total voting power of the Company’s then-outstanding securities. 
 As used in this definition of “change in
control” 
 “person” is used as defined in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934 (as
amended); 
 “beneficial owner” is used as defined in Rule 13d-3 of the Securities Exchange Act of 1934 (as amended), and

 “current ownership” of The Coca-Cola Company means that entity’s direct and indirect beneficial ownership of no more than
an aggregate of 168,956,718 shares of the Company’s common stock (including shares of the Company’s common stock issuable upon the exercise, exchange or conversion of securities exercisable or exchangeable for, or convertible into,
shares 

 
of the Company’s common stock), the aggregate number being subject to adjustment for subsequent stock splits or dividends payable in stock that are
applicable to all shares of the Company’s common stock. 
 (ii) If during any period of two consecutive years, 
 the individuals constituting the Board of Directors of the Company at the beginning of the two-year period; and any new Director — except for a
director designated by a person who has entered into an agreement with the Company to effect a “change in control” described in (a), (c) or (d) — whose election by the Board or nomination for election by the Company’s
shareowners was approved by a vote of at least two-thirds of the Directors then still in office who were either directors at the beginning of the two-year period or whose election or nomination for election was previously so approved 
 cease for any reason to constitute at least a majority of the Board. 
 (iii) If the shareowners of the Company approve a merger, consolidation or share exchange with any other “person”, other than: 
 a merger, consolidation or share exchange that would result in the voting securities of the Company outstanding immediately prior to such event continuing to represent (either by remaining outstanding or being
converted into voting securities of either 
 (A) the surviving entity or 
 (B) another entity that owns, directly or indirectly, the entire voting interest in the surviving entity (the “parent”)) 
 more than 50% of the voting power of the voting securities of the Company or the surviving entity (or its “parent”) outstanding immediately
after such event; or 
 a merger or consolidation effected to implement a recapitalization of the Company in which no “person”
acquires more than 30% of the combined voting power of the Company’s then-outstanding securities; 
 then, a “change in
control” shall have occurred immediately prior to such merger, consolidation or share exchange. 
 (iv) The shareowners of the Company
approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets (or any transaction having a similar effect). 
 (e) “Code” means the Internal Revenue Code of 1986, as amended from time to time, including regulations thereunder and successor provisions and
regulations thereto. 
 (f) “Committee” means not less than two members of the Governance and Compensation Committee of the Board,
each of whom shall be (i) a “disinterested director” within the meaning of Rule 16b-3 under the Exchange Act, unless administration of the Plan by “disinterested directors” is not then required in order for exemptions under
Rule 16b-3 to apply to transactions under the Plan, and (ii) an “outside director” as defined under Code Section 162(m), unless the action taken pursuant to the Plan is not required to be taken by “outside directors” in
order to qualify for tax deductibility under Code Section 162(m). 
 (g) “Covered Employee” shall have the same meaning as
“Covered Employee” under Code Section 162(m) and regulations thereunder. 
  

 2 

 (h) “Deferred Stock Unit” means a right, granted to a Participant under Section 6(e), to
receive Stock, cash or a combination at the end of a specified deferral period. 
 (i) “Dividend Equivalents” means an amount
credited under a Participant’s Deferred Stock Unit Award, which amount is equal to the dividends paid on the Stock, determined as if the Deferred Stock Unit were shares of Stock on the record date of any such dividend. 
 (j) “Interest Credit” means an amount credited under a Participant’s Deferred Stock Award, which amount is based on the annual rate
equivalent to the weighted average prime lending rate of SunTrust Bank, Atlanta for the relevant calendar year or portion of the calendar year. 
 (k) “Effective Date” means May 1, 2004, subject to the approval of the shareowners of the Company. 
 (l)
“Eligible Person” means directors, Executive Officers, other officers and employees of the Company or of any Subsidiary, as well as other persons providing key services to the Company or a Subsidiary. 
 (m) “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, including rules thereunder and successor provisions
and rules thereto. 
 (n) “Executive Officer” means an executive officer of the Company as defined under the Exchange Act.

 (o) “Fair Market Value” means the Fair Market Value of Stock, Awards or other property as determined by the Committee or under
procedures established by the Committee. Unless otherwise determined by the Committee, the Fair Market Value of Stock shall be the average of the high and low market prices at which a share of Stock shall have been sold on the date for which the
determination is made, or on the next preceding day if such date was not a trading day, as reported on the New York Stock Exchange Composite Listing reflecting composite trading as of 4:00 p.m., Eastern Time on the trading day. 
 (p) “Option” means a right, granted to a Participant under Section 6(b), to purchase Stock or other Awards at a specified price during
specified time periods. 
 (q) “Participant” means a person who has been granted an Award under the Plan which remains outstanding,
including a person who is no longer an Eligible Person. 
 (r) “Performance Award” means an Award, or the right to receive
an Award, granted to a Eligible Person under Section 8, which such Award or right shall be subject to the performance criteria specified by the Committee.  
 (s) “Restricted Stock” means Stock granted to a Participant under Section 6(d), that is subject to certain restrictions and to a risk of forfeiture. 
 (t) “Rule 16b-3” means Rule 16b-3, as from time to time in effect and applicable to the Plan and Participants, promulgated by the Securities
and Exchange Commission under Section 16 of the Exchange Act or any similar law or regulation that may be a successor thereto. 
 (u)
“Stock” means shares of common stock, $1 par value, of the Company. 
 (v) “Stock Appreciation Right” or “SAR”
means a right granted to a Participant under Section 6(c). 
 (w) “Subsidiary” means any corporation or other business
organization in which the Company owns, directly or indirectly, 20% or more of the voting stock or capital or profits interest at the time of the granting of an Award under this Plan. 
 3. Administration. 
 (a)
Authority of the Committee. The Plan shall be administered by the Committee. The Committee shall 

  

 3 

 
have full and final authority, in each case subject to and consistent with the provisions of the Plan, to interpret the provisions of the Plan, select
Eligible Persons to become Participants, grant Awards, determine the type, number and other terms and conditions of, and all other matters relating to, Awards, interpret the Plan and Award agreements and correct defects, supply omissions or
reconcile inconsistencies therein, ensure that awards continue to qualify under Rule 16b-3, and make all other decisions and determinations as the Committee may deem necessary or advisable for the administration of the Plan. Any action of the
Committee shall be final, conclusive and binding on all persons, including the Company, its Subsidiaries, its shareowners, Participants, Beneficiaries, transferees under Section 10(a) or other persons claiming rights from or through a
Participant. 
 (b) Limitation of Liability. In addition to such other rights of indemnification as they have as directors or as
members of the Committee, the members of the Committee shall be indemnified by the Company against reasonable expenses (including, without limitation, attorneys’ fees) incurred in connection with the defense of any action, suit or proceeding,
or in connection with any appeal, to which they or any of them may be a party by reason of any action taken or failure to act in connection with the Plan or any Option granted hereunder, and against all amounts paid by them in settlement (provided
such settlement is approved to the extent required by and in the manner provided by the Certificate of Incorporation or Bylaws of the Company relating to indemnification of directors) or paid by them in satisfaction of a judgment in any such action,
suit or proceeding, except in relation to matters as to which it shall be adjudged in such action, suit or proceeding. 
 4. Stock
Subject to Plan. 
 (a) Overall Number of Shares Available for Delivery. Subject to adjustment as provided in
Section 10(b), the total number of shares of Stock reserved and available for delivery in connection with Awards under the Plan shall be 30,900,000; provided, however, that the total number of shares of Stock with respect to Awards of Options
and SARs shall not exceed 24,000,000; and provided, further that the total number of shares of Stock with respect to Awards of Restricted Stock and Deferred Stock Units shall not exceed 6,900,000. The Stock shall be made available from authorized
and unissued shares or from Stock held by the Company in its treasury. 
 Effective April 24, 2007 and subject to adjustment as provided
in Section 10(b), the total number of shares of Stock reserved and available for delivery in connection with Awards under the Plan shall be 9,900,000. The Stock shall be made available from authorized and unissued shares or from Stock held by
the Company in its treasury. 
 (b) Availability of Shares Not Delivered Under Awards. Shares of Stock subject to an Award under the
Plan that is expired, forfeited, settled in cash or otherwise terminated without a delivery of shares to the Participant will again be available for Awards under the Plan. Stock received in payment upon the exercise of an Option may not be the
subject of a subsequent Award. 
 5. Eligibility; Per-Person Award Limitations. Awards may be granted under the Plan
only to Eligible Persons. Subject to adjustment as provided in Section 10(b), no Eligible Person may be granted Options and SARs under this Plan that, considered together, relate to more than 4,800,000 shares of Stock, and no Eligible Person
may be granted Restricted Stock and Deferred Stock Units under this Plan that, considered together, relate to more than 1,380,000 shares of Stock. 
 6. Specific Terms of Awards. 
 (a) General. Awards may be granted on the terms and conditions set forth in this
Section 6. 
 (i) The Committee also may impose on any Award or the exercise, at the date of grant or thereafter (subject
to Section 10(d)), such additional terms and conditions, not inconsistent with the provisions of the Plan, as the Committee shall determine, including terms requiring forfeiture of Awards in the event of termination of employment by the
Participant and terms permitting a Participant to make elections relating to his or her Award. 
 (ii) The Committee shall
retain full power and discretion to accelerate, waive or modify, at any time, any term or condition of an Award that is imposed in the Award agreement, provided, however, that the Committee shall not have the discretion to accelerate or defer
payment with respect to any Award that is subject to Code Section 409A if the exercise of such discretion would violate Code Section 409A. 
  

 4 

 (iii) Any Award or the value of any Award made under this Plan may, subject to any
requirements of applicable law or regulation and in the Committee’s sole discretion, be converted into Deferred Stock Units and subject to Section 6(e) below, provided, however, such conversion shall not be permitted with respect to any
Award that is subject to Code Section 409A, nor shall such conversion be permitted if such conversion would violate Code Section 409A. 
 (iv) Notwithstanding anything in this Plan to the contrary, an Option or SAR shall not be granted to an Eligible Person unless the Stock would constitute “service recipient stock” within the meaning of
Treas. Reg. §1.409A-1(b)(5)(iii) with respect to such Eligible Person. 
 (b) Options. The Committee is authorized to grant
Options to Eligible Persons on the following terms and conditions: 
 (i) Exercise Price. The exercise price per share
of Stock purchasable under an Option shall be determined by the Committee, provided that such exercise price shall be not less than the Fair Market Value of a share of Stock on the date of grant of such Option. 
 (ii) Time and Method of Exercise. Awards of Options may contain such provisions as the Committee shall determine appropriate,
including provisions related to the vesting of the Option, the times at which, or the circumstances under which, an Option may be exercised, and the methods by which such exercise price may be paid or deemed to be paid. 
 (iii) Duration of Options. Awards will contain a provision stating the duration of an Option, which duration may not exceed 10
years from the date of grant. 
 (v) Options Granted to International Participants. Options granted an Eligible Person
who is subject to the laws of a country other than the United States of America may contain terms and conditions inconsistent with the provisions of this Plan or may be granted under such supplemental documents, as required or appropriate under such
country’s laws. 
 (c) Stock Appreciation Rights. The Committee is authorized to grant SARs to Eligible Persons on the following
terms and conditions: 
 (i) Right to Payment. A SAR shall confer on the Participant to whom it is granted a right to
receive, upon exercise t, the excess of (A) the Fair Market Value of one share of Stock on the date of exercise over (B) the grant price of the SAR, which payment may be satisfied by delivery of cash or Stock. 
 (ii) Other Terms. The Committee shall determine the terms and conditions of any SAR, including but not limited to, the times at
which and the circumstances under which a SAR may be exercised, the method of exercise, the method of settlement, the method by which Stock, if any, will be delivered or deemed to be delivered to Participants. 
 (d) Restricted Stock. The Committee is authorized to grant Restricted Stock to Eligible Persons on the following terms and conditions: 

(i) Grant and Restrictions. Restricted Stock shall be subject to such restrictions on transferability, risk of forfeiture and
other restrictions, if any, as the Committee may impose, which restrictions may lapse separately or in combination at such times, under such circumstances (including based on achievement of performance goals and/or future service requirements), in
such installments or otherwise, as the Committee may determine at the date of grant or thereafter. 
 (ii) Right as
Shareowner. Except to the extent limited under any Award agreement relating to the Restricted Stock, a Participant granted Restricted Stock shall have all of the rights of a shareowner, including the right to vote the Restricted Stock and the
right to receive dividends thereon (subject to any mandatory reinvestment or other requirement imposed by the Committee). 
  

 5 

 (iii) Certificates for Stock. Restricted Stock granted under the Plan may be
evidenced in such manner as the Committee shall determine. If certificates representing Restricted Stock are registered in the name of the Participant, the Committee may require that such certificates bear an appropriate legend referring to
applicable restrictions, that the Company retain physical possession of the certificates, and that the Participant deliver a stock power to the Company, endorsed in blank, relating to the Restricted Stock. 
 (iv) Dividends and Splits. As a condition to the grant of an Award of Restricted Stock, the Committee may require that any cash
dividends paid on a share of Restricted Stock be automatically reinvested in additional shares of Restricted Stock or applied to the purchase of additional Awards under the Plan. Unless otherwise determined by the Committee, Stock distributed in
connection with a Stock split or Stock dividend, and other property distributed as a dividend, shall be subject to restrictions and a risk of forfeiture to the same extent as the Restricted Stock with respect to which such Stock or other property
has been distributed. 
 (e) Deferred Stock Units. The Committee is authorized to grant Deferred Stock Units to Eligible Persons,
subject to the following terms and conditions: 
 (i) Deferred Stock Unit Credit. A Deferred Stock Unit shall be
recorded in a bookkeeping reserve maintained by the Company as equivalent to the Fair Market Value of a share of the Company’s common stock on the date of grant, unless otherwise determined by the Company. 
 (ii) Grant and Restrictions. A Deferred Stock Unit shall be subject to such risk of forfeiture and other conditions as the
Committee may impose, which restrictions may lapse, or conditions be satisfied, separately or in combination at such times, under such circumstances (including based on achievement of performance goals and/or future service requirements), in such
installments or otherwise, as the Committee may determine at the date of grant. 
 (iii) Dividend Equivalents and Interest
Credits. As specified in the Award agreement, Dividend Equivalents and/or Interest Credits related to a Deferred Stock Unit may also be credited on behalf of a Participant and/or converted to additional Deferred Stock Units. 
 (iv) Settlement of Deferred Stock Units and Related Interests. Deferred Stock Units represent the right to receive Stock, cash, or
a combination at the end of a specified deferral period, as specified in the Award agreement or pursuant to the Committee’s determination. 
 7. Certain Other Provisions Applicable to Awards. 
 (a) Term of Awards. The term of each Award shall be for
such period as may be determined by the Committee; provided that in no event shall the term of any Option or SAR exceed a period of ten years. 
 (b) Exemptions from Section 16(b) Liability. It is the intent of the Company that the grant of any Awards to or other transaction by a Participant who is subject to Section 16 of the Exchange Act shall be exempt under Rule
16b-3 (except for transactions acknowledged in writing to be non-exempt by such Participant). Accordingly, if any provision of this Plan or any Award agreement does not comply with the requirements of Rule 16b-3 as then applicable to any such
transaction, unless the Participant shall have acknowledged in writing that a transaction pursuant to such provision is to be non-exempt, such provision shall be construed or deemed amended to the extent necessary to conform to the applicable
requirements of Rule 16b-3 so that such Participant shall avoid liability under Section 16(b) of the Exchange Act. 
 (c)
Cancellation of Awards. Unless the Award agreement specifies otherwise, the Committee may cancel any unexpired, unpaid, or deferred Awards at any time, if the Participant is not in compliance with all applicable provisions of the Award
agreement and the Plan including the following conditions: 
 (i) Noncompetition. A Participant shall not render
services for any organization or engage directly or indirectly in any business which, in the judgment of the Chief Executive Officer of the Company or other senior officer designated by the Committee, is or becomes competitive with the Company. For
Participants whose employment has terminated, the judgment of the Chief Executive Officer or other senior officer designated by the Committee shall be based on the Participant’s position and responsibilities while employed by the Company, the
Participant’s post-employment responsibilities and position with the other organization or business, the extent of past, current and potential competition or conflict between the Company and the other organization or business, the effect on the
Company’s shareowners, customers, suppliers and competitors of the Participant assuming the post-employment position and such other considerations as are deemed relevant given the applicable facts and circumstances. A Participant who has
terminated employment shall be free, however, to purchase as an investment or otherwise, stock or other securities of such organization or business so long as they are listed upon a recognized securities exchange or traded over-the-counter, and such
investment does not represent a greater than five percent equity interest in the organization or business. 
  

 6 

 (ii) Confidentiality. A Participant shall not, without prior written authorization
from the Company, disclose to anyone outside the Company, or use in other than the Company’s business, any confidential information or material relating to the business of the Company that is acquired by the Participant either during or after
employment with the Company. 
 (iii) Intellectual Property. A Participant shall disclose promptly and assign to the
Company all right, title, and interest in any invention or idea, patentable or not, made or conceived by the Participant during employment by the Company, relating in any manner to the actual or anticipated business, research or development work of
the Company and shall do anything reasonably necessary to enable the Company to secure a patent where appropriate in the United States and in foreign countries. 
 8. Performance Awards. 
 (a) Performance Conditions. The right of a Participant to
exercise or receive a grant or settlement of any Award, and the timing, may be subject to such performance conditions as may be specified by the Committee. The Committee may use such business criteria and other measures of performance as it may deem
appropriate in establishing any performance conditions, and may exercise its discretion to reduce or increase the amounts payable under any Award subject to performance conditions, except as limited under Section 8(b) in the case of a
Performance Award intended to qualify under Code Section 162(m). 
 (b) Performance Awards Granted to Covered Employees and Certain
Eligible Persons. If the Committee determines that a Performance Award to be granted to an Eligible Person who is or may become a Covered Employee should qualify as “performance-based compensation” for purposes of Code
Section 162(m), the grant, exercise and/or settlement of such Performance Award shall be contingent upon achievement of pre-established performance goals and other terms set forth in this Section 8(b). 
 (i) Performance Goals Generally. The performance goals for such Performance Awards shall consist of one or more business criteria
and a targeted level or levels of performance and associated maximum Award payments with respect to each of such criteria, as specified by the Committee consistent with this Section 8(b). Performance goals shall be objective and shall otherwise
meet the requirements of Code Section 162(m) and regulations thereunder (including Regulation 1.162-27 and successor regulations thereto). The Committee may determine that such Performance Awards shall be granted, exercised and/or settled upon
achievement of any performance goal or that more than one performance goal must be achieved as a condition to grant, exercise and/or settlement of such Performance Awards. Performance goals may differ for Performance Awards granted to any one
Participant or to different Participants. 
 (ii) Business Criteria. One or more of the following business criteria for
the Company, as defined by the Committee, on a consolidated basis, and/or for specified Subsidiaries or business units of the Company (except with respect to the total shareowner return and earnings per share criteria), shall be used by the
Committee in establishing performance goals for such Performance Awards: (1) Fair Market Value of shares of the Company’s common stock; (2) operating profit; (3) sales volume of the Company’s products; (4)

  

 7 

 
earnings per share; (5) revenues; (6) cash flow; (7) cash flow return on investment; (8) return on assets, return on investment, return
on capital, return on equity; (9) economic value added; (10) operating margin; (11) net income; pretax earnings; pretax earnings before interest, depreciation and amortization; pretax operating earnings after interest expense and
before incentives, service fees, and extraordinary or special items; (12) any of the above goals as compared to the performance of a published or special index deemed applicable by the Committee including, but not limited to, the
Standard & Poor’s 500 Stock Index or a group of comparator companies. 
 (iii) Performance Period; Timing for
Establishing Performance Goals. Achievement of performance goals in respect of such Performance Awards shall be measured over a performance period, which may overlap with another performance period or periods, of up to ten years, as specified by
the Committee. Performance goals shall be established not later than 90 days after the beginning of any performance period applicable to such Performance Awards, or at such other date as may be required or permitted for “performance-based
compensation” under Code Section 162(m). 
 (c) Written Determinations. All determinations by the Committee as to the
establishment of performance goals, the amount of any Performance Award and as to the achievement of performance goals relating to Performance Awards under Section 8(b) shall be made in writing in the case of any Award intended to qualify under
Code Section 162(m). The Committee may not delegate any responsibility relating to such Performance Awards. 
 (d) Status of
Section 8(b) Performance Awards Under Code Section 162(m). It is the intent of the Company that Performance Awards under Section 8(b) granted to persons who are designated by the Committee as likely to be Covered Employees within
the meaning of Code Section 162(m) and regulations thereunder (including Regulation 1.162-27 and successor regulations thereto) shall, if so designated by the Committee, constitute “performance-based compensation” within the meaning
of Code Section 162(m) and regulations thereunder. Accordingly, Sections 8(b), (c) and (d), shall be interpreted in a manner consistent with Code Section 162(m) and regulations thereunder. If any provision of the Plan as in effect on
the date of adoption or any agreements relating to Performance Awards that are designated as intended to comply with Code Section 162(m) does not comply or is inconsistent with the requirements of Code Section 162(m) or regulations
thereunder, such provision shall be construed or deemed amended to the extent necessary to conform to such requirements. 
 9. Change
in Control. In the event of a “Change in Control,” the following provisions shall apply unless otherwise provided in the Award agreement: 
 (a) Options and SARs. Any Option or SAR carrying a right to exercise that was not previously exercisable and vested shall become fully exercisable and vested as of the time of the Change in Control and shall
remain exercisable and vested for the balance of the stated term of such Option or SAR without regard to any termination of employment by the Participant, subject only to applicable restrictions set forth in Section 8(a). 
 (b) Restricted Stock and Deferred Stock Units. The restrictions, deferral of settlement, and forfeiture conditions applicable
to any Restricted Stock or Deferred Stock Unit shall lapse and such Awards shall be deemed fully vested as of the time of the Change in Control, except to the extent of any waiver by the Participant and subject to applicable restrictions set forth
in Section 10(a).  
 (c) Limitations on Company in Event of a Change in Control. In the event of a Change in Control, the
Company shall take or cause to be taken no action, and shall undertake or permit to arise no legal or contractual obligation, that results or would result in any postponement of the issuance or delivery of Stock or payment of benefits under any
Award or the imposition of any other conditions on such issuance, delivery or payment, to the extent that such postponement or other condition would represent a greater burden on a Participant than existed on the 90th day preceding the Change in
Control. 
 10. General Provisions. 
 (a) Limits on Transferability; Beneficiaries. Except as otherwise provided in this Section 10(a), no Award or other right or interest of a Participant under the Plan shall be pledged, hypothecated or
otherwise encumbered or subject to any lien, obligation or liability of such Participant to any party (other than the Company or a Subsidiary), 

  

 8 

 
or assigned or transferred by such Participant otherwise than by will or the laws of descent and distribution upon the death of a Participant, and such
Awards or rights that may be exercisable shall be exercised during the lifetime of the Participant only by the Participant or his or her guardian or legal representative. 
 (i) Transferability of Options. Unless otherwise specified in the Award, an Option may be transferred pursuant to a domestic
relations order issued by a court of competent jurisdiction or to an immediate family member of the Participant under such terms and conditions as may be determined, from time to time, by the Committee. An “immediate family member” is
defined as the Participant’s spouse, child, grandchild, parent or a trust established for the benefit of such family members. With respect to any Option transferred pursuant to this Section 10(a)(i), any such Option shall be exercisable
only by the designated transferee or the designated transferee’s legal representative. 
 (ii) Transferability of
Deferred Stock Units. A Participant may designate one or more Beneficiaries to receive his or her interest under the Plan that is related to Deferred Stock Units in the event of his or her death. 
 (iii) Beneficiaries and Transferees Subject to Terms of Award. Any Beneficiary or transferee, or other person claiming any rights
under the Plan from or through any Participant, shall be subject to all terms and conditions of the Plan and any Award agreement applicable to such Participant, except as otherwise determined by the Committee, and to any additional terms and
conditions deemed necessary or appropriate by the Committee. 
 (b) Adjustments. In the event that any dividend or other distribution
(whether in the form of cash, Stock, or other property), recapitalization, forward or reverse split, reorganization, merger, consolidation, spin-off, combination, repurchase, share exchange, liquidation, dissolution or other similar corporate
transaction or event affects the Stock such that an adjustment is determined by the Committee to be appropriate under the Plan, then the Committee shall, in such manner as it may deem equitable, adjust any or all of (i) the number and kind of
shares of Stock which may be delivered in connection with Awards granted thereafter, (ii) the number and kind of shares of Stock by which annual per-person Award limitations are measured under Section 5, (iii) the number and kind of
shares of Stock subject to or deliverable in respect of outstanding Awards and (iv) the exercise price, grant price or purchase price relating to any Award and/or make provision for payment of cash or other property in respect of any
outstanding Award. Effective February 8, 2007, in the event of a material corporate transaction described therein which results in existing holders of the Company’s common stock holding stock that differ in kind, character or amount from
the Company common stock previously held by them, the Committee shall provide such adjustments or substitutions with respect to the plan and to awards granted thereunder as are necessary and appropriate to prevent each holder of outstanding awards
from experiencing a significant increase or decrease, solely by reason of such transaction: (a) in the case of stock options or similar awards, in the holder’s then existing spread value (i.e., the difference between the exercise price of
the award and the fair market value of the related common stock) and, (b) in the case of restricted stock, restricted stock units, deferred stock units, or similar full value Awards, in the then existing fair market value (disregarding
restrictions based on future service) of the holder’s awards. The actions required by the preceding sentence shall in no event be interpreted to result in adjustments or substitutions greater than those needed to provide parity of treatment
between the holders of such awards and holders of common stock of the Company, and may include without limitation the adjustments and actions described in Section 10(b) of the Plan. 
 The Committee is authorized to make adjustments in the terms and conditions of, and the criteria included in, Awards (including Performance Awards and
performance goals related thereto) in recognition of unusual or nonrecurring events (including, without limitation, events described in the preceding sentence, as well as acquisitions and dispositions of businesses and assets) affecting the Company,
any Subsidiary or any business unit, or the financial statements of the Company or any Subsidiary, or in response to changes in applicable laws, regulations, accounting principles, tax rates and regulations or business conditions or in view of the
Committee’s assessment of the business strategy of the Company, any Subsidiary or business unit, performance of comparable organizations, economic and business conditions, personal performance of a Participant, and any other circumstances
deemed relevant; provided that no such adjustment shall be authorized or made if and to the extent that such authority or the making of such adjustment would cause Performance Awards made under Section 8(b) to otherwise fail to qualify as
“performance-based compensation” under Code Section 162(m) and regulations thereunder. 
  

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 (c) Taxes. The Company and any Subsidiary is authorized to withhold from any Award granted, any
payment relating to an Award under the Plan, including from a distribution of Stock, or any payroll or other payment to a Participant, amounts of withholding and other taxes due or potentially payable in connection with any transaction involving an
Award, and to take such other action as the Committee may deem advisable to enable the Company and Participants to satisfy obligations for the payment of withholding taxes and other tax obligations relating to any Award. However, this authority
shall not include withholding of taxes above the statutorily required withholding amounts where such excess withholding would result in an earnings charge to the Company under U.S. Generally Accepted Accounting Principles. 
 (d) Changes to the Plan and Awards. The Board or the Committee may amend, alter, suspend, discontinue or terminate the Plan or the
Committee’s authority to grant Awards under the Plan without the consent of shareowners or Participants, except that any amendment or alteration to the Plan shall be subject to the approval of the Company’s shareowners not later than the
annual meeting next following such Board action if such shareowner approval is required by any federal or state law or regulation or the rules of any stock exchange or automated quotation system on which the Stock may then be listed or quoted, and
the Board may otherwise, in its discretion, determine to submit other such changes to the Plan to shareowners for approval. Notwithstanding the foregoing, no such action may materially and adversely affect the rights of such Participant under any
previously granted and outstanding Award, without the consent of an affected Participant. The Committee may waive any conditions or rights under, or amend, alter, suspend, discontinue or terminate any Award theretofore granted and any Award
agreement relating thereto, except as otherwise provided in the Plan; provided that, without the consent of an affected Participant, no such Committee action may materially and adversely affect the rights of such Participant under such Award.

 (e) Limitation on Rights Conferred Under Plan. Neither the Plan nor any action taken hereunder shall be construed as
(i) giving any Eligible Person or Participant the right to continue as an Eligible Person or Participant or in the employ or service of the Company or a Subsidiary, (ii) interfering in any way with the right of the Company or a Subsidiary
to terminate any Eligible Person’s or Participant’s employment or service at any time, (iii) giving an Eligible Person or Participant any claim to be granted any Award under the Plan or to be treated uniformly with other Participants
and employees, or (iv) except as provided in Section 6(d)(ii), conferring on a Participant any of the rights of a shareowner of the Company unless and until the Participant is duly issued or transferred shares of Stock in accordance with
the terms of an Award. 
 (f) Unfunded Status of Awards; Creation of Trusts. The Plan is intended to constitute an
“unfunded” plan for incentive and deferred compensation. With respect to any payments not yet made to a Participant or obligation to deliver Stock pursuant to an Award, nothing contained in the Plan or any Award shall give any such
Participant any rights that are greater than those of a general creditor of the Company; provided that the Committee may authorize the creation of trusts and deposit therein cash, Stock, other Awards or other property, or make other arrangements to
meet the Company’s obligations under the Plan. Such trusts or other arrangements shall be consistent with the “unfunded” status of the Plan unless the Committee otherwise determines with the consent of each affected Participant. The
trustee of such trusts may be authorized to dispose of trust assets and reinvest the proceeds in alternative investments, subject to such terms and conditions as the Committee may specify and in accordance with applicable law. 
 (g) Payments in the Event of Forfeitures; Fractional Shares. Unless otherwise determined by the Committee, in the event of a forfeiture of an
Award with respect to which a Participant paid cash or other consideration, the Participant shall be repaid the amount of such cash or other consideration. No fractional shares of Stock shall be issued or delivered pursuant to the Plan or any Award.
The Committee shall determine whether cash, other Awards or other property shall be issued or paid in lieu of such fractional shares or whether such fractional shares or any rights thereto shall be forfeited or otherwise eliminated. 
 (h) Governing Law. The validity, construction and effect of the Plan, any rules and regulations under the Plan, and any Award agreement shall be
determined in accordance with Georgia law, without giving effect to principles of conflicts of laws, and applicable federal law. 
  

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 (i) Code Section 409A. This Plan and the Awards are generally not intended to be subject to
Code Section 409A. To the extent this Plan or Awards are subject to Section 409A, the Plan and Awards are intended to comply with Code Section 409A and shall be interpreted and operated accordingly. If this Plan or any Award is
subject to Code Section 409A, the Committee reserves the authority to amend this Plan or any Award as necessary to comply with Code Section 409A or to ensure that Code Section 409A does not apply to the Plan or the Award. 

 

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