Green Mountain Coffee Roasters (GMCR)

Article 5 - Payment Period and Stock Options.

The Payment Periods under the Plan shall consist of (i) a period commencing on the last Sunday in September of each year and ending on the last Saturday in March of each year and (ii) a period commencing on the last Sunday in March of each year and ending on the last Saturday of September of each year. Subject to the limitation set forth in the last paragraph of this Article 5, on the first business day of each Payment Period the Company will grant to each participant in the Plan an option to purchase up to 2,500 shares or, if fewer, the number of shares determined under Article 6. The per share exercise price (the “Option Price”) for each such option shall be the lesser of (i) 85% of the fair market value of the Common Stock on the first business day of the Payment Period and (ii) 85% of the fair market value of the Common Stock on the last business day of the Payment Period, in either event rounded up to avoid fractions of a dollar other than  ¹/4,  ¹/2, and  ³/4. Fair market value of the Stock shall be determined by the Administrator.

No employee shall be granted an option that permits the employee’s right to purchase stock under the Plan and under all other Section 423(b) employee stock purchase plans of the Company and any parent or subsidiary corporations to accrue at a rate that exceeds $25,000 of fair market value of such stock (determined at the time such option is granted) for each calendar year in which such option is outstanding at any time. If the participant’s accumulated payroll deductions on the last day of the Payment Period would otherwise enable the participant to purchase Common Stock in excess of the Section 423(b)(8) limitation described in this paragraph, the excess of the amount of the accumulated payroll deductions over the aggregate purchase price of the shares actually purchased shall be promptly refunded to the participant by the Company, without interest.

Article 5 - Payment Period and Stock Options.

The Payment Periods under the Plan shall consist of (i) a period commencing on the last Sunday in September of each year and ending on the last Saturday in March of each year and (ii) a period commencing on the last Sunday in March of each year and ending on the last Saturday of September of each year. Subject to the limitation set forth in the last paragraph of this Article 5, on the first business day of each Payment Period the Company will grant to each participant in the Plan an option to purchase up to 2,500 shares or, if fewer, the number of shares determined under Article 6. The per share exercise price (the “Option Price”) for each such option shall be the lesser of (i) 85% of the fair market value of the Common Stock on the first business day of the Payment Period and (ii) 85% of the fair market value of the Common Stock on the last business day of the Payment Period, in either event rounded up to avoid fractions of a dollar other than  ¹/4,  ¹/2, and  ³/4. Fair market value of the Stock shall be determined by the Administrator.

No employee shall be granted an option that permits the employee’s right to purchase stock under the Plan and under all other Section 423(b) employee stock purchase plans of the Company and any parent or subsidiary corporations to accrue at a rate that exceeds $25,000 of fair market value of such stock (determined at the time such option is granted) for each calendar year in which such option is outstanding at any time. If the participant’s accumulated payroll deductions on the last day of the Payment Period would otherwise enable the participant to purchase Common Stock in excess of the Section 423(b)(8) limitation described in this paragraph, the excess of the amount of the accumulated payroll deductions over the aggregate purchase price of the shares actually purchased shall be promptly refunded to the participant by the Company, without interest.