Exhibit 10.5

 

Del Monte Foods Company Annual Incentive Plan

 

Fiscal 2005 Targeted Percentage and Weighting of Objectives

for Certain Executive Officers as Approved by the Compensation Committee on July
1, 2004

 

           Weighting of Objectives

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Name

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   Targeted Percentage of
Fiscal Year Earnings

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    Corporate
Financial
Objectives

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    Business
Unit
Objectives

--------------------------------------------------------------------------------

    Individual Objectives/
Management By
Objectives (MBOs)

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    Possible Range
of Score (1)

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Richard G. Wolford

   110.00 %   75 %   —       25 %   0-200% of target

David L. Meyers

   70.00 %   75 %   —       25 %   0-200% of target

Nils Lommerin

   62.50 %   60 %   —       40 %   0-200% of target

Todd R. Lachman

   62.50 %   60 %   —       40 %   0-200% of target

Marc D. Haberman

   62.50 %   50 %   10 %   40 %   0-200% of target

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(1) Possible range of scoring for each component (Corporate Financial
Objectives, Business Unit Objectives, Individual Objectives / Management By
Objectives (MBOs)).

Note: the maximum amount payable to any participant for any Plan Year under the
Plan is $2,000,000 or 200% of such participant’s Fiscal Year Earnings, whichever
is less.