Document:

Coca-Cola Enterprises 2004 Stock Award Plan

 Exhibit 10.18 
  
 COCA-COLA ENTERPRISES INC. 
  
 2004 STOCK AWARD PLAN 
  
 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). 
  

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 (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. 
  
 (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. 
  

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 (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 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. 
  

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 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. 
  
 (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. 
  
 (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. 
  
 (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. 
  

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 (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).

  
 (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. 
  

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 (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. 
  

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 (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) 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 

  

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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 10(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. 
  

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 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), 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. 
  
 (iv) 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. 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. 
  

 11 

 (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. 
  

 12Separation Agreement

 Exhibit 10.20 
  
 COCA-COLA ENTERPRISES INC. 
 SEPARATION AGREEMENT 
  
 THIS AGREEMENT (the “Agreement”), by and between COCA-COLA ENTERPRISES INC., a Delaware corporation (the “Company”), and Patrick J. Mannelly (“Mr. Mannelly”). 
  
 WHEREAS, Mr. Mannelly has given notice of his resignation from the Company,
and the Company desires to provide Mr. Mannelly with separation benefits to recognize the value he has provided to the Company during his many years of service to the Company. 
  
 NOW, THEREFORE, for valuable consideration, the sufficiency of which is hereby acknowledged, the parties do hereby agree as
follows: 
  
 1. Termination Date. Mr. Mannelly
agrees that his employment with the Company will terminate, by resignation, on August 16, 2004 (“Termination Date”). 
  
 2. Separation Pay. The Company agrees that after the execution of, and the revocation period related to, this Agreement it will
voluntarily pay Mr. Mannelly $34,500 each month through January 31, 2007. All payments under this Agreement shall be made through the Company’s payroll and shall be subject to tax withholding applicable to wages. 
  
 3. Payments in Lieu of Executive Management Incentive Plan. The
Company will pay Mr. Mannelly amounts equal to the bonuses, if any, to which he would have been entitled under the Executive Management Incentive Plan (the “MIP”) for calendar years 2004, 2005, and 2006. The amount of each such payment
will be determined as if Mr. Mannelly had remained a Senior Vice President of the Company having an annual salary of $414,000. Specifically, during first quarter of 2005, 2006, and 2007, the Company will make such payments to Mr. Mannelly for the
2004, 2005 and 2006 calendar years, respectively. 
  
 4.
Reimbursement for Certain Expenses. Mr. Mannelly shall be entitled to receive reimbursements for his tax and financial planning expenses and club dues during the period for which he is receiving payments under this Agreement.
Such expenses shall be reimbursed by the Company upon the presentation of invoices, receipts or other evidence reasonably acceptable to the Company. 
  
 5. Employee Benefits Plans. Mr. Mannelly’s participation in the Company’s employee benefits plans for active employees shall cease
on the later of the effective date of this Agreement or on the date provided under the terms of such plan, except as otherwise provided in this Paragraph, as follows: 
  

	 	a.	 Mr. Mannelly shall be eligible for benefits under the retirement plan or plans in which he participated in accordance with the terms of such plans. In accordance
with the terms of the Coca-Cola Enterprises Employees’ Pension Plan and Executive Pension Plan, Mr. Mannelly shall receive benefit service credit for each month in which he receives payments under Paragraph 2 of  

  

	 	 
this Agreement. Further, the Company shall accept the noncompetition provision in Paragraph 9 of this Agreement in satisfaction of the noncompetition
agreement requirement of the Executive Pension Plan. 

  

	 	b.	As of the effective date of this Agreement, Mr. Mannelly and his eligible dependents shall be eligible to participate in the Coca-Cola Enterprises Executive Retiree Medical Plan,
which participation shall continue until the earlier of Mr. Mannelly’s reaching age 65 or his becoming eligible for coverage under another employer’s group health coverage. The Company shall cover the cost of any taxes associated with the
provision of benefits under this Plan. 

  
 6. Stock Grant Programs. As of the effective date of this Agreement the Company shall modify the terms of Mr. Mannelly’s equity awards, as follows: 
  

	 	a.	One-hundred percent (100%) of Mr. Mannelly’s unvested stock option grants shall become fully vested and his stock options granted in January 1997, January 1998, January 1999,
December 1999, January 2001, February 2002, February 2003 and February 2004 shall remain exercisable until their respective expiration dates. 

  

	 	b.	Mr. Mannelly’s restricted stock awards shall become fully vested no at the later of one month following the date on which this Agreement is effective or the date on which the
performance requirements of any such award have been satisfied. 

  
 7. Reservation of Rights. Notwithstanding any other provision of this Agreement, the Company reserves the unilateral right at any time to modify or terminate any benefit plan, bonus program, stock option
plan, or fringe benefit program under which Mr. Mannelly participates or may participate (so long as such modification or termination affects the plans’ or programs’ participants or potential participants generally and not just Mr.
Mannelly), and, in the event of such action, the amount of Mr. Mannelly’s benefits, awards, or grants under such plans or programs shall be determined according to the terms of such plans or programs as modified or terminated and not the terms
of this Agreement. 
  
 8. General Release. In
consideration for the above separation pay, Mr. Mannelly agrees to release the Company and each of its directors, officers, employees, agents, subsidiaries and affiliates from any and all charges, complaints, claims, liabilities, obligations,
actions, causes of action, suits, demands, costs, losses, damages and expenses, of any nature whatsoever, known or unknown, including, but in no way limited to, any claim under Title VII of the Civil Rights Act of 1964; The Americans With
Disabilities Act (ADA); The Age Discrimination in Employment Act (ADEA); The Fair Labor Standards Act (FLSA); The Family and Medical Leave Act (FMLA); and The Employee Retirement Income Security Act of 1974, as amended (ERISA); arising out of
his employment relationship or the termination of his employment relationship, which Mr. Mannelly now has, owns or holds, or claims to have, own or 

  

 
hold, or which he at any time heretofore had, owned or held, or claimed to have, own or hold against the Company. 
  
 9. No Competition. Mr. Mannelly agrees that for a period
of two years following the effective date of this Agreement, Mr. Mannelly shall not, directly or indirectly engage in, participate in or have any interest as a partner, joint venturer, proprietor, employee, officer, director, agent, security holder,
creditor or in any other capacity, or be otherwise associated with or have any other direct or indirect financial interest in or in connection with the business or operations of PepsiCo, Inc., The Pepsi Bottling Group, Inc., Cadbury Schweppes plc,
or any other bottler of carbonated soft drinks (including any business, firm, person, partnership, corporation related to such company) having operations within the territories in which the Company and its subsidiaries conducted bottling operations
at the effective date of this Agreement. Provided, however, that nothing herein shall be deemed to prevent or limit the right of Mr. Mannelly to own capital stock or debt securities of any corporation, so long as the securities are publicly traded
in the over-the-counter market or on any securities exchange, and so long as Mr. Mannelly does not acquire beneficial ownership (as determined under Rule 13d-3 of the Securities Exchange Act of 1934) of more than one percent of the issuer’s
outstanding equity securities of any class. Mr. Mannelly agrees that this covenant is reasonable with respect to its duration, geographical area and scope. 
  
 10. Opportunity To Review. Mr. Mannelly represents and acknowledges that he has been afforded the right and opportunity to consult with an
attorney prior to executing this Agreement, that he has twenty-one (21) days within which to consider this Agreement, that he has seven (7) days following its execution within which to revoke this Agreement, and that this Agreement, and compensation
or benefits hereunder, will not become effective until the revocation period has expired. Mr. Mannelly further acknowledges that he has carefully read and understands all of the provisions of this Agreement, and that he is voluntarily entering into
this Agreement. Mr. Mannelly further acknowledges and confirms that the only consideration for his signing this Agreement is the terms and conditions stated in this Agreement, that no other promise or agreement of any kind, except those set forth in
this Agreement, has been made to him by any person to cause him to sign this document. 
  
 11. Governing Law. This Agreement is made and entered into in the State of Georgia, and shall in all respects be interpreted, enforced and governed under the laws of that State. 
  
 12. Entire Agreement. This Agreement sets forth the entire
agreement between the parties hereto as to the termination of Mr. Mannelly’s employment with the Company, and fully supersedes any and all prior agreements or understandings between them pertaining to the termination of his employment with the
Company. It is agreed that this Agreement may be modified only by a subsequent, written agreement, executed by both parties. 
  
 13. Effective Date. This Agreement shall become effective upon the later of the date last signed below or, if applicable, the expiration of
the applicable revocation period. 
  

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the dates indicated below.

  

									
				
	 Date: 
	 	July 29, 2004	 	 	 	 /s/ Patrick J. Mannelly

	 	 	 	 	 	 	 PATRICK J. MANNELLY

  

									
	 	 	 	 	 COCA-COLA ENTERPRISES INC.

					
	Date: 	 	July 29, 2004	 	 	 	By: 	 	/s/ Lowry F. Kline

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