Exhibit 10.iii.(ii)

AMENDMENT TO
KEY MANAGER SEVERANCE AGREEMENT

                WHEREAS, IMC Global Inc., a Delaware corporation (the "Company")
and E. Paul Dunn (the "Employee") entered into that certain Key Manager
Severance Agreement as of December 13, 2002 (the "Agreement"); and

                WHEREAS, the Company and the Employee desire to amend the
Agreement in certain respects.

                NOW, THEREFORE, in consideration of the agreements and covenants
contained in the Agreement, and in consideration of the agreements and covenants
contained herein, the sufficiency of which is acknowledged, the Employee and the
Company hereby agree to the amendment of the Agreement as follows:

        1.    Section 5(h) is amended by the renumbering of existing paragraphs
2, 3 and 4 thereof as paragraphs 5, 6 and 7, respectively, and by the addition
of the following new paragraphs 2, 3 and 4:

                2.    for the one (1) year period following Termination, the
Employee will not solicit, in competition with the Company, directly or
indirectly, any person who is a client, customer or prospect (as such terms are
defined below) (including, without limitation, purchasers of the Company's
products) for the purpose of performing services and/or providing goods and
services of the kind performed and/or provided by the Company in the business of
producing and distributing potash, phosphate, animal feed ingredients or salt or
any other significant business in which the Company is engaged or is preparing
to engage in as of the Effective Date of this Section 5;

                3.    for the one (1) year period following Termination, the
Employee will not induce or persuade or attempt to induce or persuade any
employee or agent of the Company to terminate his or her employment, agency, or
other relationship with the Company in order to enter into any employment agency
or other relationship in competition with the Company;

                4.    as used herein, the terms "client," "customer" and
"prospect" shall be defined as any client, customer or prospect of any business
in which the Company is or has been substantially engaged within the one year
period prior to Termination (i) to which or to whom the Employee submitted or
assisted in the submission of a presentation or proposal of any kind on behalf
of the Company; (ii) with which or with whom the Employee had substantial
contact relating to the business of the Company; or (iii) about which or about
whom the Employee acquired substantial confidential or other information as a
result of or in connection with the Employee's employment, at any time during
the one year period preceding Termination;  

        2.    Renumbered paragraph 5 of Section 5(h) is amended in its entirety
to read as follows:

                5.    there shall be no obligation on the part of the Company to
provide any further Change in Control Severance Payments and Benefits (other
than payments or benefits already earned or accrued) described in Section 5(g)
if, when and so long as: (i) the Employee breaches Section 5(h)(1), 5(h)(2) or
5(h)(3) hereof and (ii) such breach is likely to cause serious damage to the
Company or any of its subsidiaries;

                IN WITNESS WHEREOF, the undersigned have executed this Amendment
to the Agreement this 11th day of February, 2004.

For the Company:

____________________________________________

Employee:

____________________________________________
E. Paul Dunn

 

Return to IMC Global Inc. Form 10-K [imc10k2003.htm]