Document:

EX-4.3

 Exhibit 4.3 

Rules of the Coca-Cola Enterprises Belgium / Coca-Cola Enterprises Services 

Belgian and Luxembourg Share Savings Plan with respect to shares of 

Coca-Cola European Partners Plc., 

as amended and restated effective [ ] 

(the “Belgium Plan”) 

Purpose of the Plan 
 The Belgium Plan
provides employees of participating subsidiaries of Coca-Cola European Partners Plc(or any successor of that company in consequence of any reconstruction, reorganisation or amalgamation) (the “Company”) in Belgium and Luxembourg (the
“Participating Companies”) who have an employment contract with an indefinite term with the opportunity to invest part of their net salary in the purchase of shares of the Company’s ordinary shares (the “Shares”), or the
purchase of such other securities or interests in the Shares from time to time. 
 Operation of the Plan 

Participating in the Plan 
 An eligible employee may
elect to participate in the Belgium Plan on a monthly basis by submitting a participation form (in the form prescribed by the Participating Companies) to the trustee of the Belgium Plan or, as the case may be, by completing a participation form
online. On the participation form, the eligible employee elects the monthly amount of his or her net salary that he or she wishes to allocate for the purchase of Shares under the Belgium Plan. The amount that an eligible employee can invest must be
at least €25 per month and can be no more than 10% of the employee’s net monthly salary. 
 The contributions to the Belgium Plan made by a
participating employee are “matched” with a contribution by the respective Participating Company employing the participating employee, whereby such matching contributions amount to 20% of the contributions made by the participating
employee. 
 The participating employee’s contributions to the Belgium Plan and the corresponding matching contribution by the respective Participating
Company are paid to the trustee of the Belgium Plan and are deposited into an account opened by the trustee of the Belgium Plan. Both contributions are used to purchase Shares for the participating employee at the end of each calendar month, as a
consequence of which a participating employee can purchase Shares at a discount of 16.67%. 
 Modifying or cancelling Participation in the Plan

 A participating employee may modify or cancel his or her participation in the Belgium Plan by submitting a modification or cancellation form (in
the form prescribed by the Participating Companies) to the trustee of the Belgium Plan or, as the case may be, by completing a modification or cancellation form online. The modification or cancellation will become effective as soon as practicable
after its submission. 

 Purchasing Shares 

The Shares are purchased on the open market by the trustee of the Belgium Plan (normally in the first week of the month following the month in which the
participating employee’s contributions are wired to the trustee of the Belgium Plan) at the then-applicable market price and are deposited in the account opened and held by the trustee of the Belgium Plan for and on behalf of the participating
employees. 
 Any dividends (net of any withholding tax) paid on Shares held for a participating employee under the Belgium Plan are reinvested in
additional Shares. There are no matching contributions by the Participating Companies in relation to these dividend amounts. 
 Holding period of the
Purchased Shares 
 For participating employees in Belgium, all Shares acquired under the Belgium Plan (or other securities or cash amounts in which
such Shares may be converted from time to time in consequence of any reconstruction, reorganisation or amalgamation) must be held by the participating employee for two (2) years. For participating employees in Luxembourg, all Shares acquired
under the Belgium Plan (or other securities or cash amounts in which such Shares may be converted from time to time in consequence of any reconstruction, reorganisation or amalgamation) must be held by the participating employee for four
(4) years. After the expiration of this holding period, the participating employee may, but is not required to, sell or otherwise dispose of the Shares. The aforementioned holding periods do not apply to the additional Shares purchased with the
dividends which are reinvested. 
 If a participating employee is no longer employed by one of the Participating Companies following the end of the holding
period relating to the Shares last purchased under the Plan, he/she must, within a six (6) month period following the end of that holding period, either sell all the Shares or transfer them to his/her personal account. In the absence of any
instruction within the aforementioned six (6) month period, the Shares will be sold in accordance with the rules set forth below. 
 Sale of
Shares 
 Each participating employee may sell the Shares, if he or she desires, after the expiry of the applicable two (2) or four
(4) year holding period. To sell the Shares, the participating employee must address his or her order to the trustee of the Belgium Plan (in the form prescribed by the Participating Companies) or, as the case may be, complete the order online.

 Transactions for the sale of Shares are organized by the trustee of the Belgium Plan and occur (i) in the beginning of each calendar month, on the
same date on which Share purchase transactions occur (the “Monthly Sale”), or (ii) as soon as practicable after a sale order has been submitted to the trustee of the Belgium Plan (the “Spot Sale”). If a participating
employee wishes to sell Shares in a Monthly Sale transaction, the participating employee must send the appropriate form (prescribed by the Participating Companies) to the trustee of the Belgium Plan or, as the case may be, place the sale order
online prior to the end of the month preceding the month in which 

  
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the next Monthly Sale will take place. In case of a Monthly Sale, the trustee’s administration fees related to the sale of Shares and the broker’s commission fees related to the sale of
the Shares will be borne by the Participating Companies. In case of a Spot Sale, the trustee’s administration fees related to the sale of Shares will be borne by the Participating Companies, but the broker’s commission fees related to the
sale of the Shares will be borne by the respective participating employee. Any stock exchange transaction tax which would be due upon the sale of the Shares will in all cases be borne by the participating employee. 

General Provisions 
 Limitation on
Rights Conferred Under Belgian Plan 
 The Belgium Plan has been established voluntarily, it is discretionary in nature and it may be modified,
amended, suspended or terminated at any time by the Participating Companies. Neither the Belgium Plan nor any action taken hereunder shall be construed as (i) giving any participating employee the right to continue as a participant in the
Belgium Plan or in the employ or service of the Company or a Participating Company, (ii) interfering in any way with the right of the Company or a Participating Company to terminate any participating employee’s employment or service at any
time, (iii) giving a participating employee any claim to be granted any Shares under the Belgium Plan or to be treated uniformly with other participants or employees, or (iv) conferring on a participating employee any of the rights of a
shareowner of the Company unless and until the participating employee is duly issued or transferred Shares in accordance with the terms of the Belgium Plan. 

No Representations or Covenants With Respect To Tax Qualification; Tax Obligations 

Although the Participating Companies and/or the Company may endeavor to qualify the Belgium Plan for favorable tax treatment or avoid adverse tax treatment,
the Participating Companies and the Company make no representation to that effect and expressly disavow any covenant to maintain favorable or avoid unfavorable tax treatment. The Company and the Participating Companies shall be unconstrained in
their corporate activities without regard to the potential negative tax impact on participating employees in the Belgium Plan. 
 Further, although the
Belgium Plan may be intended to qualify for favorable tax treatment under applicable laws, in the event that the Participating Companies and/or the Company have any tax withholding obligations with respect to the Belgium Plan, the participating
employee must make adequate provision for such tax, social security or other withholding obligations if any, which arise as a result of the participating employee’s participation in the Belgium Plan. At any time, the Participating Companies and
the Company, as applicable, may, but shall not be obligated to, withhold from the participating employee’s compensation, or from any payment due or transfer made under the Belgium Plan, the amount (in cash or Shares) necessary for the
Participating Companies or the Company, as applicable, to meet applicable any withholding obligations. 

  
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 Compliance with Laws 

Participation in the Belgium Plan and the purchase of Shares under the Belgium Plan shall be subject to all applicable laws, rules, and regulations, and to
such approvals by any governmental agencies or stock exchanges on which the Company is listed as may be required. There will be no obligation to purchase and deliver Shares under the Belgium Plan prior to: (i) obtaining any approvals from
governmental agencies that the Company and/or a Participating Company determines are necessary or advisable; and (ii) completion of any registration or other qualification of the Shares under any applicable national or foreign law or ruling of
any governmental body that the Company and/or a Participating Company determines to be necessary or advisable or at a time when any such registration or qualification is not current, has been suspended or otherwise has ceased to be effective. 

The inability or impracticability of the Company or the Participating Companies to obtain or maintain authority from any regulatory body having jurisdiction,
which authority is deemed by the Company’s or the Participating Companies’ counsel to be necessary to the lawful issuance and purchase of any Shares hereunder shall relieve the Company and the Participating Companies of any liability in
respect of the failure to issue or purchase such Shares as to which such requisite authority shall not have been obtained. 
 No Advice Regarding
Belgium Plan 
 The Company and the Participating Companies are not providing any tax, legal or financial advice, nor making any recommendations
regarding any participating employee’s participation in the Belgium Plan or acquisition or sale of Shares pursuant to the Belgium Plan. Participating employees are hereby advised to consult with their personal tax, legal and financial advisors
regarding their participation in the Belgium Plan before taking any action related to the Belgium Plan. 
 Governing Law 

The validity, construction and effect of the Belgium Plan, any rules and regulations under the Belgium Plan, and any participation agreement shall be
determined in accordance with Belgian law, without giving effect to principles of conflicts of laws. 

  
 4EX-4.3

 Exhibit 4.3 

DATED THIS 28 DAY OF MAY 2016 

COCA-COLA EUROPEAN PARTNERS PLC 
  

 
 DEED OF
ASSUMPTION AND REPLACEMENT 
 relating to 

Equity Awards of Coca-Cola Enterprises, Inc. 
  

 

 DEED OF ASSUMPTION AND REPLACEMENT 

OF 
 COCA-COLA EUROPEAN
PARTNERS PLC 
 This Deed of Assumption and Replacement (the “Deed”) relating to the outstanding awards under certain
equity incentive plans of Coca-Cola Enterprises, Inc., a Delaware corporation (“CCE”) is made on 28 May 2016 by Coca-Cola European Partners Plc, a public limited company (incorporated in England and Wales with registered number
09717350) whose registered office is at 20-22 Bedford Row, London, WC1R 4JS (the “Company”). 
 WHEREAS, pursuant to
a transaction master agreement dated as of August 6, 2015 as amended and restated on December 14, 2015 and on April 7, 2016 and a separate agreement and plan of merger dated as of August 6, 2015 (the “Merger
Agreement”), CCE, Coca-Cola Iberian Partners, S.A.U. and Coca-Cola Erfrischungsgetränke GmbH intend to combine to form the Company with CCE merging into, and being succeeded by Coca-Cola Enterprises, LLC, a wholly owned subsidiary of
the Company (the “Merger”); 
 WHEREAS, pursuant to the Merger Agreement and upon the effective time of the Merger
(the “Effective Time”), each issued and outstanding share of CCE common stock (“CCE common stock”), with a par value of $0.01 per share, will be cancelled and automatically converted into the right to receive one
validly issued, fully paid ordinary share of the Company, with €0.01 nominal value per share (a “CCEP ordinary share”) and the right to receive $14.50 in cash, without interest; and 

WHEREAS, CCE currently sponsors and maintains the following equity incentive plans and sub-plans pursuant to which current and former
employees and directors of the Company and its subsidiaries or affiliates may, as applicable, be granted rights to CCE common stock (or the right to receive benefits or cash amounts by reference to such shares): 

 

	 	•	 	Coca-Cola Enterprises, Inc. 2010 Incentive Award Plan (the “Incentive Award Plan”); 

  

	 	•	 	UK Tax Advantaged Sub-plan to the Incentive Award Plan; 

  

	 	•	 	French Sub-plan for Restricted Stock Units to the Incentive Award Plan; 

  

	 	•	 	French Sub-plan for Options to the Incentive Award Plan; 

  

	 	•	 	Coca-Cola Enterprises, Inc. Legacy Long-Term Incentive Plan (the “Legacy Plan”); and 

  

	 	•	 	Coca-Cola Enterprises, Inc. Deferred Compensation Plan for Nonemployee Directors, (the “Directors Plan”) 

(collectively with the foregoing plans, including any relevant grant agreements under such plans, the “CCE Plans”); 

WHEREAS, pursuant to the Merger Agreement and effective as of the Effective Time, each option granted under the CCE Plans that is
outstanding immediately prior to the Effective Time (the “Outstanding Options”) is to be assumed by the Company and be converted from an option over CCE common stock into an option over CCEP ordinary shares as adjusted pursuant to
the terms and conditions set forth in the Merger Agreement (the “Assumed Options”); 

  
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 WHEREAS, pursuant to the Merger Agreement and effective as of the Effective Time, each
restricted stock unit and performance stock unit award granted under the Incentive Award Plan and each deferred stock unit granted under the Directors Plan that is outstanding immediately prior to the Effective Time (the “Outstanding
Units”) is to be replaced with a restricted stock unit, performance stock unit or deferred restricted stock unit, as applicable, over CCEP ordinary shares and a right to a credit of $14.50 per share of CCE common stock upon settlement
pursuant to the terms and conditions set forth in the Merger Agreement (the “Replaced Units”); 
 WHEREAS, the
Company now wishes to assume the Outstanding Options and replace the Outstanding Units with Replaced Units in accordance with the terms of the Merger Agreement; 

WHEREAS, in respect of any CCEP ordinary share to be issued to an individual pursuant to a Replaced Unit granted under any CCE Plan
other than the Directors Plan, CCE, its successor Coca-Cola Enterprises LLC, or the subsidiary of the Company employing the relevant individual (if so stipulated by CCE or Coca-Cola Enterprises LLC), shall be liable to pay CCEP the €0.01
nominal value of such CCEP ordinary share; 
 WHEREAS, on April 25, 2016 the board of directors of CCE approved an amendment of
the Directors Plan to provide each participant of the Directors Plan with the opportunity to elect to receive all or a portion of the value of his or her Stock Unit Account under the Directors Plan in the form of cash, which value will be determined
as the average closing price of CCEP ordinary shares on the New York Stock Exchange for the ten (10) trading days immediately preceding the date of distribution of such account; 

WHEREAS, on April 25, 2016 the board of directors of CCE also approved the termination of the Directors Plan in connection with
the Merger as of the Effective Time and to settle all Replaced Units and otherwise to distribute all balances that have accrued under the Directors Plan in a manner that is in compliance with Section 409A, with such distribution to occur
fifteen (15) days after the Effective Time, and on April 28, 2016 the board of directors of the Company, acting pursuant to the authority conferred on it by the Company’s sole shareholder, agreed to allot and issue CCEP ordinary
shares to satisfy the obligations with respect to the Replaced Units granted under the Directors Plan upon payment by CCE or Coca-Cola Enterprises LLC of the €0.01 nominal value for each such CCEP ordinary share (to the extent such awards are
not elected to be settled in cash by the relevant participant); 
 WHEREAS, the board of directors of the Company agrees that it (or
an appropriate committee thereof) shall sponsor and administer the Assumed Options and the Replaced Units except for the Replaced Units granted under the Directors Plan (collectively, the “Assumed Awards”); and 

WHEREAS, no new awards will be granted under the CCE Plans following the Effective Time (other than, for the avoidance of doubt, the
Assumed Options and Replaced Units). 
 NOW THIS DEED WITNESSES AS FOLLOWS: 

 

	 	1.	Subject to the completion of the Merger and the provisions of this Deed: 

 1.1
the Company hereby accepts assignment of and adopts and assumes the Assumed Awards from CCE, so that the Assumed Awards will be taken to have been granted by the Company as at the Effective Time; and 

  
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 1.2 the Company shall allot and issue CCEP ordinary shares to satisfy the
obligations with respect to the Replaced Units granted under the Directors Plan upon payment by CCE or Coca-Cola Enterprises LLC of the €0.01 nominal value for each such CCEP ordinary share (to the extent such awards are not elected to be
settled in cash by the relevant participant). 
 2. The Company declares, undertakes and agrees that, as of the Effective Time, it shall be
bound by the terms of the Assumed Options and the Replaced Units and the following shall apply with respect to the Assumed Options and Replaced Units: 

2.1 to the extent any CCE Plan provides for the grant, issuance, acquisition, delivery, holding or purchase of, or otherwise
relates to or references, shares of CCE common stock or rights to shares of CCE common stock (or rights to receive benefits or amounts by reference to those shares), then, pursuant to the terms hereof and thereof, such CCE Plan shall instead provide
for the grant, issuance, acquisition, delivery, holding or purchase of, or otherwise relate to or reference, CCEP ordinary shares or rights to CCEP ordinary shares, as applicable (or rights to receive benefits or amounts by reference to those
shares) pursuant to the terms of the Merger Agreement, on the same terms and conditions except with respect to the changes set out in Exhibit A or Exhibit B to this Deed (as applicable) and any such other changes as are necessary or advisable to
reflect the Merger, implement the terms of the Merger Agreement with respect to such awards and/or comply or facilitate compliance with applicable English corporate, regulatory and tax law requirements, including, without limitation, and if
necessary or appropriate, compliance with the exemption applicable to employee share schemes under section 1166 of the Companies Act 2006 from certain provisions contained in that Act; 

2.2 all references in the CCE Plans to CCE or its predecessors are hereby amended to be references to the Company, except where
the context dictates otherwise; 
 2.3 all references to the board of directors (or relevant committee of the board of
directors) in the CCE Plans shall henceforth be taken to be references to the board of directors of the Company (or relevant committee of the board of directors of the Company), except where the context dictates otherwise; and 

3. The Company further declares, undertakes and agrees that, as of the Effective Time, it will exercise all of the powers of the plan sponsor
relating to Assumed Awards that were exercised by CCE with respect to the Outstanding Options and the Outstanding Units prior to the Effective Time. 

4. This Deed shall be governed by and construed in accordance with the laws of England and Wales, without regard to conflict of laws
principles. 
 * * * 

(Signature page follows.) 

  
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 IN WITNESS WHEREOF this Deed has been executed by the Company on the date first above written. 

 

									
	 EXECUTED as a DEED by
	  	 	)    	  	  	
	 COCA-COLA EUROPEAN PARTNERS PLC
	  	 	)    	  	  	  

	 acting by
	  	 	)    	  	  	Authorised Signatory

  

							
	 Witness’s Signature 
	 	 	  		  	

  

							
	 Name: 
	 	 	  		  	

  

							
	 Address: 
	 	 	  		  	
				
		 	 	  		  	
				
		 	 	  		  	

  
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 EXHIBIT A 

Summary of Amendments to Terms and Conditions of 

Assumed Options and Replaced Units 
 This Exhibit
memorializes the terms and conditions of the Assumed Options and Replaced Units granted under the Incentive Award Plan and Legacy Plan applicable from the Effective Time of the Merger. 

Capitalized terms used in this Exhibit shall have the same meanings as in the Deed to which this Exhibit is appended, unless otherwise defined herein. 

In this Exhibit, “Replaced Units” shall mean a restricted stock unit or performance stock unit over CCEP ordinary shares and a right to a credit of
$14.50 per share of CCE common stock upon settlement that replaces an Outstanding Unit granted under the Incentive Award Plan or Legacy Plan pursuant to the terms and conditions set forth in the Merger Agreement. For the avoidance of doubt, no
Assumed Option shall be considered a Replaced Unit. 
 This Exhibit amends the award agreements and any appendices thereto for the Outstanding Options and
Outstanding Units as they relate to the Assumed Options and Replaced Units (respectively) and replaces and supersedes any conflicting terms thereof. 
 The
amendments to the terms and conditions of the Assumed Options and Replaced Units are as follows: 
  

	1.	Governing Documents. Each Assumed Option and Replaced Unit shall continue to be governed by the terms and conditions of the applicable CCE Plan and the award agreement (including any appendices thereto) under
which the corresponding original Outstanding Award was granted, except as modified hereby. 

  

	2.	Settlement. Subject to paragraph 3.3 below, each Assumed Option and Replaced Unit shall be settled upon exercise or vesting (respectively) using only CCEP ordinary shares and shall not be settled in cash, nor
using shares of CCE common stock. 

  

	3.	Type and Number of Shares. 

  

	3.1	Shares. All references to Coca-Cola Enterprises, Inc. and its common stock shall be changed to Coca-Cola European Partners Plc and its ordinary shares. 

 

	3.2	Assumed Options. The number of CCEP ordinary shares subject to each Assumed Option shall be equal to the product of (A) the number of shares of CCE common stock subject to the corresponding original
Outstanding Option as of the Effective Time (which shall be rounded down to the nearest whole share) and (B) a fraction, the numerator of which shall be the White Stock Price (as defined in the Merger Agreement) and the denominator of which
shall be the Orange Stock Price (as defined in the Merger Agreement). 

  

	3.3	Replaced Units. The number of CCEP ordinary shares subject to each Replaced Unit shall be equal to the number of shares of CCE common stock subject to the corresponding original Outstanding Unit immediately prior
to the Effective Time. 

  
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 A credit of $14.50 per CCEP ordinary share subject to each Replaced Unit shall be credited to the
account of the holder of each Replaced Unit in respect of each Replaced Unit that he or she holds at the Effective Time, which shall be subject to the same terms and conditions applicable to the corresponding Replaced Units and which shall be paid
in cash by CCEP following the vesting of the Replaced Units. CCEP will also pay any dividend equivalents due on the Replaced Units and any cash payments due in respect of fractional shares under the Replaced Units following the vesting of such
Replaced Units. 
  

	4.	Exercise Price. The per-share exercise price of each Assumed Option shall be equal to the product (which shall be rounded up to the nearest whole cent) of (A) the exercise price of the corresponding original
Outstanding Option immediately before the Effective Time and (B) a fraction, the numerator of which shall be the Orange Stock Price (as defined in the Merger Agreement) and the denominator of which shall be the White Stock Price (as defined in
the Merger Agreement). 

  

	5.	Grant Date. For purposes of the terms and conditions of the Assumed Options and Replaced Units, the date of grant of each Assumed Option and each Replaced Unit shall be the date on which the corresponding
original Outstanding Award was granted. 

  

	6.	Vesting Schedule. The vesting schedule applicable to each Assumed Option and Replaced Unit shall be the same as the vesting schedule applicable to the corresponding original Outstanding Award as in effect
immediately prior to the Effective Time and commencing from the date on which the original Outstanding Award was granted. 

  

	7.	Transfer. Assumed Options and Replaced Units, and any interests, rights and obligations with respect thereto, may not be transferred by the holders of such awards to any other person. 

 

	8.	Nominal Value Payment. Notwithstanding any term to the contrary in any Assumed Option or Replaced Unit award agreement, in no event shall CCEP issue or transfer its ordinary shares to satisfy an obligation it
assumed or agreed to exchange under any Assumed Option or Replaced Unit unless CCEP receives payment of the nominal value of €0.01 per share in compliance with applicable laws. 

 

	9.	French Restricted Stock Units. The Replaced Units corresponding to the original Outstanding Units that were granted as tax-qualified awards under French law and that are not deemed to have retained their
tax-qualified status as of the Effective Time shall not be subject to the holding periods required under French law. 

  
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 EXHIBIT B 

Summary of Amendments to Terms and Conditions of 

Replaced Units under the Directors Plan 
 This
Exhibit memorializes the terms and conditions of the Replaced Units granted under the Directors Plan applicable from the Effective Time of the Merger. 

Capitalized terms used in this Exhibit shall have the same meanings as in the Deed to which this Exhibit is appended, unless otherwise defined herein. 

In this Exhibit, “Replaced Units” shall mean a deferred restricted stock unit over CCEP ordinary shares and a right to a credit of $14.50 per share
of CCE common stock upon settlement that replaces an Outstanding Unit granted under the Directors Plan pursuant to the terms and conditions set forth in the Merger Agreement. 

This Exhibit amends the award agreements and any appendices thereto for the Outstanding Units as they relate to the Replaced Units and replaces and supersedes
any conflicting terms thereof. 
 The amendments to the terms and conditions of the Replaced Units are as follows: 

 

	1.	Governing Documents. Each Replaced Unit shall continue to be governed by the terms and conditions of the Directors Plan and the award agreement (including any appendices thereto) under which the corresponding
original Outstanding Unit was granted, except as modified hereby. 

  

	2.	Settlement. Subject to paragraph 3.2 below, each Replaced Unit shall be settled upon vesting using CCEP ordinary shares or, to the extent elected by the Nonemployee Director, in cash. For the avoidance of doubt,
Replaced Units shall not be settled using shares of CCE common stock. 

  

	3.	Type and Number of Shares. 

  

	3.1	Shares. All references to Coca-Cola Enterprises, Inc. and its common stock shall be changed to Coca-Cola European Partners Plc and its ordinary shares. 

 

	3.2	Replaced Units. The number of CCEP ordinary shares subject to each Replaced Unit shall be equal to the number of shares of CCE common stock subject to the corresponding original Outstanding Unit immediately prior
to the Effective Time. 

 A credit of $14.50 per CCEP ordinary share subject to each Replaced Unit shall be credited to the
account of the holder of each Replaced Unit in respect of each Replaced Unit that he or she holds at the Effective Time, which shall be subject to the same terms and conditions applicable to the corresponding Replaced Units and which shall be paid
in cash by CCEP following the settlement of the Replaced Units. CCEP will also settle any hypothetical dividends due on the Replaced Units and any cash payments due in respect of fractional shares under the Replaced Units following the settlement of
such Replaced Units. 
  

	4.	Grant Date. For purposes of the terms and conditions of the Replaced Units, the date of grant of each Replaced Unit shall be the date on which the corresponding original Outstanding Unit was granted.

  

	5.	Distribution Timing. Each Replaced Unit which is fully vested and all related balances that have accrued in respect of each such Replacement Unit shall be settled or distributed on the date that is fifteen
(15) days following the Effective Time of the Merger in a manner which is in compliance with Section 409A of the Internal Revenue Code, in accordance with the terms set out herein. 

  
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	6.	Transfer. Replaced Units, and any interests, rights and obligations with respect thereto, may not be transferred by the holders of such awards to any other person. 

 

	7.	Nominal Value Payment. Notwithstanding any term to the contrary in any Replaced Unit award agreement, in no event shall CCEP issue or transfer its ordinary shares to satisfy an obligation under any Replaced Unit
unless CCEP receives payment of the nominal value of €0.01 per share in compliance with applicable laws. 

  
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