EXHIBIT 10.2
------------
AMENDMENT NUMBER TWO
TO THE
CANANDAIGUA BRANDS, INC.
INCENTIVE STOCK OPTION PLAN
This Amendment Number Two to the Canandaigua Brands, Inc. Incentive Stock
Option Plan, as amended (the "Plan"), is adopted pursuant to Section 15 of the
Plan by the Human Resources Committee of the Board of Directors of Canandaigua
Brands, Inc. Capitalized terms used herein, which are not otherwise defined,
shall have the meanings ascribed to them in the Plan.
1. Section 10 of the Plan is amended, effective June 21, 2000, by deleting
the last two sentences of such section and substituting in its place the
following:
All Incentive Stock Options or any portion thereof not yet vested or
exercisable on the date of Retirement, Disability or death shall
become immediately vested and exercisable on the date of termination
due to Retirement, Disability or death (except as otherwise provided
by the Committee or an employment agreement between the Company and
the Participant). All Incentive Stock Options or any portion thereof
not yet vested or exercisable on the date of termination other than by
reason of Retirement, Disability or death shall terminate immediately
on the date of termination (except as otherwise provided by the
Committee or an employment agreement between the Company and the
Participant).
IN WITNESS WHEREOF, Canandaigua Brands, Inc. has caused this instrument to
be executed as of June 21, 2000.
CANANDAIGUA BRANDS, INC.
By:/s/Richard Sands
------------------------------------
Richard Sands, President
