Constellation Brands, Inc. | ||
370 Woodcliff Drive, Suite 300 | ||
[LOGO] | Fairport, NY 14450 | |
Constellation | phone 585-218-3600 | |
fax 585-218-3601 |
| You currently have been designated an Executive Officer of CBI and, as such, the base compensation, bonus and perquisites of your position are as established from time to time by the Human Resources Committee of the CBI Board of Directors. | ||
| During the period February 21, 2006 through February 28, 2007, you performed services for us on assignment in the United Kingdom. In connection with services performed in that assignment, you will be provided professional tax services by the Company approved vendor to assist in your filings and tax equalization. | ||
| If you are terminated by the Company without cause, as determined in the sole discretion of the Company, you will receive eighteen (18) months of base compensation (Severance) in full and final satisfaction of all the Companys obligations to you arising out of such termination, conditioned upon your agreement to the terms of and execution of the Companys standard form of Severance Agreement, General Release and Waiver, as such may be amended by the Company from time to time, which must be executed within thirty-five (35) calendar days of your termination of employment. Such Severance shall be paid in a lump sum no later than twenty (20) calendar days following your execution and delivery to the Company of the aforementioned Severance Agreement, General Release and Waiver. | ||
| You are eligible to participate in all existing employee benefit plans as you become eligible under the terms of such plans as amended, added to or discontinued from time to time, such as health care, disability insurance, life insurance, profit sharing, 401(k), paid time off and employee stock purchase plans. |
/s/ Robert Sands | ||||
Robert Sands | ||||
President and Chief Executive Officer | ||||
/s/ Jon Moramarco | ||||
Jon Moramarco | ||||