GREEN MOUNTAIN COFFEE, INC.
EMPLOYEE STOCK PURCHASE PLAN - FY `99
Participation Agreement
I, the undersigned employee of Green Mountain Coffee, Inc. (the "Company"), have
been offered the opportunity to participate in the Green Mountain Coffee, Inc.
1998 Employee Stock Purchase Plan (the "Plan") as of the first Sunday following
the last Saturday in September 1998 (the first day of the first "Payment
Period") I wish to purchase shares equal to _______ % (must be at least 1% and
no more than 10% ) of my gross earnings for the Payment Period indicated. The
purchase price of the shares will be 85% of the market value of a share of the
Company's common stock on the first day of the "Payment Period" or the last day
of the same "Payment Period" whichever is the lower amount.
I understand that (i) I can withdraw from the Plan at any time prior to the last
Saturday in either Payment Period, and receive a refund, without interest, of
any cash in my account under the Plan; (ii) the stock purchase will be effected
automatically on the last day of the "Payment Period"; (iii) the purchase price
for the stock will be the lower of (A) 85% of the closing price of the stock on
the first day of the "Payment Period" or (B) 85% of the closing price of the
stock on the last day of the "Payment Period"; (iv) no interest will be paid on
any deductions meant to purchase shares; (v) no fractional shares of stock will
be issued and any excess cash in my account under the Plan after purchase of the
shares will be rolled into the next "Payment Period", unless I choose not to
participate, then any excess cash will be refunded to me; and (vi) the further
transfer by me of the stock that I will purchase under the Plan may be
restricted by the Company and/or by applicable federal and state law.
I elect ______ to participate in the Plan and to pay the amount set forth above
by means of payroll deductions, per paycheck for 26 pay periods
(13 per "Payment Period" occurring between the first date of the
"Payment Period" and the last date of the "Payment Period". )
There are two "Payment Periods" in each fiscal year. You are
signing up for both Payment Periods. If you wish to not
participate in the 2nd Payment Period you must notify HR in
writing prior to the first day of the 2nd Payment Period.
______ not to participate in the Plan.
The terms of the Plan have been explained to me and I have been afforded the
opportunity to ask questions and to become familiar with the terms of the Plan.
I agree to be bound by the terms of the Plan document, of which I have received
a copy.
Date: __________________ __________________________________
Signature
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Print Name of Employee
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Company Representative
___________Robert D. Britt________
Name of Company Representative
Title: Chief Financial Officer
