exv10w2



 






Exhibit 10.2




Del Monte Foods Company

2005 Non-Employee Director Deferred Compensation Plan

Plan Agreement — 2006




 

 






     THIS PLAN AGREEMENT (this “Agreement”) is entered into as of December ___, 2005, between
Del Monte Foods Company, (“Del Monte”), and ___(the “Participant”).



Recital




     A.     The Participant is a non-employee director who contributes materially to the continued
growth, development and future business success of Del Monte. By this Plan, Del Monte intends to
provide deferred compensation to the Participant.



     B.      Del Monte has adopted, effective January 1, 2006, the “Del Monte Foods Company 2005
Non-Employee Director Deferred Compensation Plan, as amended and restated effective January 1,
2006” (the “Plan”), as amended from time to time, and the Participant has been selected to
participate in the Plan.



     C.      The Participant desires to participate in the Plan by agreeing to the terms for the 2006
deferral period.



Agreement




     NOW THEREFORE, it is mutually agreed that:



     1.      Definitions. Unless otherwise provided in this Agreement, the capitalized terms in
this Agreement shall have the respective meanings assigned in the Plan document (the “Plan
Document”).



     2.      Integrated Agreement; Parties Bound. The Plan Document, a copy of which has been
delivered to the Participant, is hereby incorporated into and made a part of this Agreement as
though set forth in full in this Agreement. The parties to this Agreement agree to, shall be bound
by, and have the benefit of, each and every provision of the Plan as set forth in the Plan
Document. This Agreement and the Plan Document, collectively, shall be considered one complete
contract between the parties. Notwithstanding the foregoing provisions, the Participant
acknowledges and agrees that the Plan and this Agreement may be modified by Del Monte for
compliance with the American Jobs Creation Act of 2004 with respect to any election to defer
compensation made for compensation earned after December 31, 2004.



     3.      Acknowledgment. The Participant hereby acknowledges that he or she has read and
understands this Agreement and the Plan Document.



 









 





     4.      Separate Account. The Participant and Del Monte hereby agree that all deferrals by
Participant under the Plan will be recorded in a separate Account for deferrals made for each
deferral year or period and will be subject to the terms of the Plan in effect as of January 1,
2005 and as amended thereafter for compliance with the American Jobs Creation Act of 2004 and
Internal Revenue Code section 409A and the regulations thereunder. The 2006 deferral period is
January 1, 2006 through January 28, 2007.



     5.      Conditions to Participation. As a condition to participation in the Plan from and
after January 1, 2006, the Participant must execute and return to the Corporate Secretary of Del
Monte an original copy of this Agreement, a Deferral Election Form for 2006, a Termination Benefit
Payout Form for 2006, and a Beneficiary Designation and Spousal Consent Form.



     6.      Successors and Assigns. This Agreement shall inure to the benefit of, and be
binding upon, Del Monte, its successors and assigns, and the Participant.



     7.      Governing Law. This Agreement shall be governed by and construed under the laws of
the State of California, as in effect at the time of the execution of this Agreement.



     IN WITNESS WHEREOF, the Participant has signed and Del Monte has accepted this Plan Agreement
as of the date first written above.



	 	 	 
	 
	 	 
	 

	 	PARTICIPANT
	 
	 	 
	                                                            

Date

	 	                                                            

[Signature of Participant]
	 
	 	 
	 

	 	                                                            

[Type or Print Name]






AGREED AND ACCEPTED BY DEL MONTE




	 	 	 
	 
	 	 
	 

	 	DEL MONTE FOODS COMPANY
	 
	 	 
	                                                            

Date

	 	                                                            

[Signature]
	 
	 	 
	 

	 	James
Potter                                      
	 

	 	 
	 

	 	Corporate Secretary of Del Monte Foods

Company







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