exv10w22



 






EXHIBIT 10.22




Annual Cash Compensation of Named Executive Officers




The executive officers named in the compensation table in Monsanto’s proxy statement dated
December 9, 2004 (the “Named Executive Officers”) have their base salaries determined yearly by
the People and Compensation Committee (the “Committee”) of the Board of Directors. It is
anticipated that such determinations will occur annually, effective as of the first day of the
pay period in which the subsequent January 1 occurs. The Named Executive Officers are all “at
will” employees, and do not have written or oral employment agreements other than change of
control agreements, the form of which is filed, as required, as an exhibit to reports filed by
the Company under the Securities Exchange Act of 1934. The Company, upon the approval of the
Committee, retains the right to unilaterally decrease or increase the Named Executive Officers’
base salaries at any time.



The Named Executive Officers are eligible to participate in the Company’s annual incentive
compensation plans for all regular employees, including executive officers, which provide for
cash awards. Summaries of such annual incentive compensation plans are filed as exhibits, as
required, to reports filed by the Company under the Exchange Act.



On October 24, 2005, the Committee approved for the Company’s Named Executive Officers the
following base salaries to become effective as of January 2, 2006 and the following annual
incentive awards for the 2005 fiscal year, which will be paid on November 10, 2005:



	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Base Salary	 	 	Base Salary	 	 	 FY 2005 Annual	 
	Named Executive Officer	 	(as of 01/03/05)	 	 	(as of 01/02/06)	 	 	Incentive Award	 
	Hugh Grant
	 	$	1,050,000	 	 	$	1,100,000	 	 	$	2,205,000	 
	Chairman of the Board, President
	 	 	 	 	 	 	 	 	 	 	 	 
	and Chief Executive Officer
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Charles W. Burson
	 	 	455,000	 	 	 	460,000	 	 	 	550,000	 
	Executive V.P., Secretary
	 	 	 	 	 	 	 	 	 	 	 	 
	and General Counsel
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Carl M. Casale
	 	 	470,000	 	 	 	490,000	 	 	 	600,000	 
	Executive V.P., North
	 	 	 	 	 	 	 	 	 	 	 	 
	America Commercial
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Terrell K. Crews
	 	 	490,000	 	 	 	510,000	 	 	 	600,000	 
	Executive V.P. and
	 	 	 	 	 	 	 	 	 	 	 	 
	Chief Financial Officer
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Robert T. Fraley, Ph.D.
	 	 	515,000	 	 	 	525,000	 	 	 	740,000	 
	Executive V.P. and Chief
	 	 	 	 	 	 	 	 	 	 	 	 
	Technology Officer
	 	 	 	 	 	 	 	 	 	 	 	 





In addition to the 2005 fiscal year annual incentive award, Messrs. Burson and Crews each
received a $75,000 special cash bonus award during the 2005 fiscal year, a summary of which the
Company has filed as an exhibit under the Exchange Act.



The Company intends to provide additional information regarding other compensation awarded to
the Named Executive Officers in respect of and during the 2005 fiscal year in the proxy
statement for its 2006 annual meeting of shareowners, which is expected to be filed with the
Securities and Exchange Commission in December 2005.