Document:

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                                                                   EXHIBIT 10.23

EXECUTIVE SEVERANCE PLAN

                                 TALK CITY, INC.

                (name changed to LiveWorld, Inc. on May 8, 2001)

                            EXECUTIVE SEVERANCE PLAN

                                    ARTICLE I

                PURPOSE, ESTABLISHMENT AND APPLICABILITY OF PLAN

     1.  Purpose. The purpose of this Executive Severance Plan is to provide for
         -------
the payment of severance benefits to Participants whose employment with the
Company terminates in connection with a Change of Control. The Company believes
that severance benefits of this kind will aid the Company in attracting and
retaining the highly qualified individuals that are essential to its success.

     2.  Establishment of Plan. As of the Effective Date, the Company hereby
         ---------------------
establishes a severance compensation plan to be known as the "The Talk City,
Inc. Executive Severance Plan" (the "Plan"), as set forth in this document.

     3.  Applicability of Plan. Subject to the terms of this Plan, the benefits
         ---------------------
provided by this Plan shall be available to those Employees who, on or after the
Effective Date, meet the eligibility requirements of Article III.

     4.  Contractual Right to Benefits. This Plan establishes and vests in each
         -----------------------------
Participant a contractual right to the benefits to which he or she is entitled
pursuant to the terms thereof, enforceable by the Participant against the
Company.

                                   ARTICLE II

                          DEFINITIONS AND CONSTRUCTION

Whenever used in the Plan, the following terms shall have the meanings set forth
below.

     1.  Board. "Board" means the Board of Directors of the Company.
         -----

     2.  Cause. "Cause" means the Participant's poor performance as determined
         -----
by the Company's Chief Executive Officer, a material violation of established
Company policy or procedures, the unauthorized use or disclosure of confidential
information or trade secrets of the Company or any subsidiary, engagement in
acts of embezzlement, dishonesty or moral turpitude, conviction of a felony,
breach of fiduciary duty to the Company resulting in an adverse effect on the
Company's business operations, prospects or reputation, or any other acts of
gross misconduct, insubordination, or bad faith as determined by the Company's
Chief Executive Officer.

     3.  Change of Control. "Change of Control" means the occurrence of any of
         -----------------
the following events:

         (i) Any "person" (as such term is used in Sections 13(d) and 14(d) of
the Securities Exchange Act of 1934, as amended) becomes the "beneficial owner"
(as defined in Rule 13d-3 under said Act), directly or indirectly, of securities
of the Company representing thirty percent (30%) or more of the total voting
power represented by the Company's then outstanding voting securities;

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         (ii)  A merger or consolidation of the Company with any other
corporation, other than a merger or consolidation that would result in the
voting securities of the Company outstanding immediately prior thereto
continuing to represent (either by remaining out-standing or by being converted
into voting securities of the surviving entity) more than fifty percent (50%) of
the total voting power represented by the voting securities of the Company or
such surviving entity outstanding immediately after such merger or
consolidation;

         (iii) The complete liquidation of the Company or an agreement for the
sale or disposition by the Company of all or substantially all of the Company's
assets; or

         (iv)  A change in the composition of the Board, as a result of which
fewer than a majority of the directors are Incumbent Directors. "Incumbent
Directors" shall mean directors who either (A) are directors of the Company as
of the date hereof, or (B) are elected, or nominated for election, to the Board
with the affirmative votes of at least a majority of those directors whose
election or nomination was not in connection with any transaction described in
subsections (i), (ii) or (iii) or in connection with an actual or threatened
proxy contest relating to the election of directors of the Company.

     4.  Code. "Code" means the Internal Revenue Code of 1986, as amended.
         ----

     5.  Company. "Company" means Talk City, Inc., any subsidiary corporations,
         -------
any successor entities as provided in Article VII hereof, and any parent or
subsidiaries of such successor entities.

     6.  Effective Date. "Effective Date" means February 24, 2000.
         --------------

     7.  Employee. "Employee" means a common law employee of the Company.
         --------

     8.  Involuntary Termination Upon Change of Control. "Involuntary
         ----------------------------------------------
Termination Upon Change of Control" means upon a Change of Control: (i) without
the Participant's express written consent, a significant reduction of the
Participant's duties, position or responsibilities, or the removal of the
Participant from such position and responsibilities, unless the Participant is
provided with a comparable position with the successor entity (i.e., a position
of equal or greater organizational level, duties, authority, compensation and
status); (ii) without the Participant's express written consent, a significant
reduction in the Participant's Salary compared to the Participant's Salary in
effect immediately prior to such reduction; (iii) without the Participant's
express written consent, the relocation of the Participant to a facility or a
location more than 50 miles from the Participant's then present location; or
(iv) any purported termination of the Participant by the Company which is not
effected for Cause.

     9.  Participant. "Participant" means an individual who meets the
         -----------
eligibility requirements of Article III.

     10. Plan. "Plan" means the Talk City, Inc. Executive Severance Plan.
         ----

     11. Plan Administrator. "Plan Administrator" means the Board of Directors
         ------------------
of the Company, or its committee or designate, as shall administer the Plan.

     12. Salary. "Salary" means the base salary of the Participant on the date
         ------
of Involuntary Termination Upon Change of Control, exclusive of bonuses, sales
commissions, incentive pay, compensation associated with employee stock options,
reimbursements, and expense allowances.

     13. Severance Benefit. "Severance Benefit" means the payment of severance
         -----------------
compensation as provided in Article IV hereof.

                                   ARTICLE III

                                   ELIGIBILITY

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     1.  Eligibility for Benefits. An Employee will generally be eligible for
         ------------------------
the Severance Benefit provided under Article IV if such Employee:

         (a) holds a title with the Company of Senior Vice President or above,
or otherwise has been specifically designated by the Board as eligible for the
Severance Benefit, and is listed on Exhibit "A" attached hereto;

         (b) experiences an Involuntary Termination Upon Change of Control;

         (c) executes the General Release of All Claims, a copy of which is
attached, within the number of days proscribed by the Plan Administrator
following the Employee's date of termination; and

         (d) does not satisfy any of the criteria listed in Section 2 below.
                  ---

     2.  An Employee shall not be eligible for the Severance Benefit if such
Employee:
       (a) terminates employment with the Company for any reason other than an
Involuntary Termination Upon Change of Control;

         (b) is covered by any other Company severance or separation pay plan,
agreement or arrangement, or Company employment agreement;

         (c) dies prior to receiving any or all of the Severance Benefit;

         (d) is on a leave of absence from the Company, including a leave due to
disability (as determined in the sole and absolute discretion of the Plan
Administrator), except to the extent that the Plan Administrator determines in
its sole and absolute discretion to provide such Employee with a Severance
Benefit upon his or her Involuntary Termination Upon Change of Control.

                                   ARTICLE IV

                               SEVERANCE BENEFITS

     1.  Severance Benefit Upon Change of Control. If a Participant's employment
         ----------------------------------------
is Involuntarily Terminated Upon a Change of Control, the Participant shall be
entitled to the following Severance Benefit:

         (a) The Participant shall be entitled to receive a Severance Benefit
based on length of service with the Company according to the following
guidelines:

----------------------------------------- --------------------------------------
        Length of Service                        Severance Benefit
----------------------------------------- --------------------------------------
Less than six (6) months                  Six (6) months Salary
----------------------------------------- --------------------------------------
Six (6) months, but less than twelve
(12) months                               Nine (9) months Salary
----------------------------------------- --------------------------------------
Twelve (12) months or more                Twelve (12) months Salary
----------------------------------------- --------------------------------------

     The Plan Administrator has the sole and absolute discretion to authorize a
Severance Benefit in an amount greater than the guideline amounts set forth
above. The Participant may elect to receive payment of the Severance Benefit
either in a lump sum or in installments according to Company's regular payroll
schedule.

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         (b) Accelerated vesting based on the Participant's length of service
with the Company of: (i) all shares of Company stock the Participant has
purchased but which are not vested on the date of the Change of Control, and
(ii) all unvested options held under the Company's 1996 Stock Option Plan
according to the following schedule:

----------------------------------------- --------------------------------------
                                                Amount of Unvested Shares
       Length of Service                              Accelerated
----------------------------------------- --------------------------------------
Less than six (6) months                                  25%
----------------------------------------- --------------------------------------
Six (6) months, but less than twelve
(12) months                                               37.5%
----------------------------------------- --------------------------------------
Twelve (12) months or more                                50%
----------------------------------------- --------------------------------------

     The schedule set forth in this paragraph (b) shall not apply to any Company
shares or stock options covered by any other severance arrangement or
accelerated vesting arrangement.

          (c) All Participants shall be entitled to any other benefits mandated
by State or Federal law including continuation of health care coverage pursuant
to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended
("COBRA"), and a lump sum payment reflecting all accrued vacation pay through
the date of the Participant's Involuntary Termination Upon Change of Control.

          (d) The Severance Benefit set forth in this Article IV shall not be
subject to any offset or mitigation based on compensation a Participant may
receive from any employer, other than a successor employer to the Company.

     2.   Voluntary Resignation; Termination For Cause. If the Participant's
          --------------------------------------------
employment terminates for any reason other than an Involuntary Termination Upon
Change of Control, or if the Company terminates the Participant for Cause, then
the Participant shall not be entitled to receive a Severance Benefit under this
Plan and shall be entitled only to those benefits (if any) as may be available
under the Company's then existing benefit plans and policies at the time of such
termination.

     3.   Golden Parachute Excise Tax. In the event that the benefits provided
          ---------------------------
for in this Plan otherwise constitute "parachute payments" within the meaning of
Section 280G of the Code and would, but for this Article IV be subject to the
excise tax imposed by Section 4999 of the Code (the "Excise Tax") , then the
Participant's Severance Benefit under this Article IV shall be either:

          (i)  delivered in full, or

          (ii) delivered as to such lesser extent as would result in no portion
of such Severance Benefit being subject to the Excise Tax, whichever of the
foregoing amounts, taking into account the applicable federal, state and local
income taxes and the Excise Tax, results in the receipt by Participant on an
after-tax basis, of the greatest amount of benefits, notwithstanding that all or
some portion of such benefits may be taxable under Section 4999 of the Code.
Unless the Company and the Participant otherwise agree in writing, all
determinations required to be made under this Section, including the manner and
amount of any reduction in the Participant's benefits hereunder, and the
assumptions to be utilized in arriving at such determinations, shall be made in
writing in good faith by the accounting firm serving as the Company's
independent public accountants immediately prior to the event giving rise to
such Payment (the "Accountants"). For purposes of making the calculations
required by this Section, the Accountants may make reasonable assumptions and
approximations concerning the application of Sections 280G and 4999 of the Code.
The Company and the Participant shall furnish to the Accountants such
information and documents as the Accountants may reasonably request to

                                       -4-

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make a determination under this Section. The Company shall bear all costs the
Accountants may reasonably incur in connection with any calculations
contemplated by this Section.

                                    ARTICLE V

                            FUNDING POLICY AND METHOD

     Benefits and any administrative expenses arising in connection with the
Plan shall be paid as needed solely from the general assets of the Company. No
contributions are required from any Participant. This Plan shall not be
construed to require the Company to fund any of the benefits provided hereunder
nor to establish a trust for such purpose. Participants' rights against the
Company with respect to severance and other benefits provided under this Plan
shall be those of general unsecured creditors. No Participant has an interest in
his or her severance or other benefits under this Plan until the Participant
actually receives a payment.

                                   ARTICLE VI

                         EMPLOYMENT STATUS; WITHHOLDING

     1.  Employment Status. This Plan does not constitute a contract of
         -----------------
employment or impose on the Participant or the Company any obligation to retain
the Participant as an Employee, to change the status of the Participant's
employment, or to change the Company's policies regarding termination of
employment. The Participant's employment is and shall continue to be at-will, as
defined under applicable law. If the Participant's employment with the Company
or a successor entity terminates for any reason, the Participant shall not be
entitled to any payments, benefits, damages, awards or compensation other than
as provided by this Plan, or as may otherwise be available in accordance with
the Company's established employee plans and practices or other agreements with
the Company at the time of termination, provided that such employee plans,
practices, or agreements provide benefits that are equal to or greater than the
benefits provided hereunder.

     2.  Taxation of Plan Payments. All amounts paid pursuant to this Plan shall
         -------------------------
be subject to regular payroll and withholding taxes.

                                   ARTICLE V11

                     SUCCESSORS TO COMPANY AND PARTICIPANTS

     1.  Company's Successors. Any successor to the Company (whether direct or
         --------------------
indirect and whether by purchase, lease, merger, consolidation, liquidation or
otherwise) to all or substantially all of the Company's business and/or assets
shall assume the obligations under this Plan and agree expressly to perform the
obligations under this Plan by executing a written agreement. For all purposes
under this Plan, the term "Company" shall include any successor to the Company's
business and/or assets which executes and delivers the assumption agreement
described in this Section or which becomes bound by the terms of this Plan by
operation of law.

     2.  Participant's Successors. All rights of the Participant hereunder shall
         ------------------------
inure to the benefit of, and be enforceable by, the Participant's personal or
legal representatives, executors, administrators, successors, heirs,
distributees, devisees and legatees.

                                      -5-

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                                  ARTICLE VIII

                       DURATION, AMENDMENT AND TERMINATION

     1.  Duration. This Plan shall terminate on the fifth anniversary of the
         --------
Effective Date, unless, (a) this Plan is extended by the Board, (b) the Board
terminates the Plan in accordance with this Article, or (c) a Change of Control
occurs prior to the end of such five (5) year period. If a Change of Control
occurs within (5) years following the Effective Date, then this Plan shall
terminate upon the earlier of (i) the date that all obligations of the Company
or successor entities hereunder have been satisfied, or (ii) twelve (12) months
after a Change of Control, unless sooner terminated as provided in this Article
VIII. A termination of this Plan pursuant to the preceding sentences shall be
effective for all purposes, except that such termination shall not affect the
payment or provision of compensation (including Salary and stock options) or
benefits earned by a Participant prior to the termination of this Plan.

     2.  Amendment and Termination. The Board shall have the discretionary
         -------------------------
authority to amend the Plan at any time, for any reason and in any respect, or
to terminate the Plan, in either case by resolution adopted by a majority of the
Board.

                                   ARTICLE IX

                               PLAN ADMINISTRATION

     1.  Plan Administrator. The Plan shall be administered by the Plan
         ------------------
Administrator. Subject to the provisions set forth in this Plan and to the
specific duties delegated by the Board of Directors to the Plan Administrator,
the Company as the Plan Administrator shall be responsible for the general
administration and interpretation of the Plan and for carrying out its
provisions. The Plan Administrator shall have such powers as may be necessary to
discharge its duties hereunder, including, but not by way of limitation, the
following powers and duties:

          X    discretionary authority to construe and interpret the terms of
               the Plan, to determine eligibility and to determine the amount,
               manner and time of payment of any benefits hereunder;

          X    to prescribe procedures to be followed by the Participants for
               purposes of Plan participation and distribution of benefits; and

          X    to take such other action as may be necessary and appropriate for
               the proper administration of the Plan.

     2.  Procedures. The Plan Administrator may adopt such rules, regulations
         ----------
and bylaws and may make such decisions as it deems necessary or desirable for
the proper administration of the Plan. Any rule or decision that is not
inconsistent with the provisions of the Plan shall be conclusive and binding
upon all persons affected by it, and there shall be no appeal from any ruling by
the Plan Administrator that is within its authority, except as otherwise
provided herein.

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                                    ARTICLE X

                                 CLAIMS PROCESS

     1.  Right to Appeal. A Participant or former Participant who disagrees with
         ---------------
his or her allotment of benefits under this Plan may file a written appeal with
the Plan Administrator. Any claim relating to this Plan shall be subject to this
appeal process. The written appeal must be filed within ninety (90) days of the
Participant's termination date.

     2.  Form of Appeal. The appeal must state the reasons the Participant or
         --------------
former Participant believes he or she is entitled to different benefits under
the Plan. The Plan Administrator shall review the claim. If the claim is wholly
or partially denied, the Plan Administrator shall provide the Participant or
former Participant a written notice of the denial, specifying the reasons the
claim was denied. Such notice shall be provided within ninety (90) days of
receiving the written appeal. If the Participant does not receive a written
notice of denial within ninety (90) days, the claim shall be deemed denied and
the Participant shall have the right to request a review.

     3.  Right to Review. If the claim is denied or deemed denied, in whole or
         ---------------
in part, the Participant may request a review of the denial at any time within
ninety (90) days following the date the Participant received written notice of
the denial of his or her claim, or the date the claim is deemed denied. For
purposes of this subsection, any action required or authorized to be taken by
the Participant may be taken by a representative authorized in writing by the
Participant to represent him or her. The Plan Administrator shall afford the
Participant a full and fair review of the decision denying the claim.

     4.  Decision on Review. The decision on review by the Plan Administrator
         ------------------
shall be in writing and shall be issued within sixty (60) days following receipt
of the request for review. The decision on review shall include specific reasons
for the decision and specific references to the pertinent Plan provisions on
which the decision of the Plan Administrator is based. If the Participant does
not receive a written decision within sixty (60) days following the Plan
Administrator's receipt of the request for review, the denial shall be deemed
affirmed.

                                   ARTICLE XI

                                     NOTICE

     1.  General. Notices and all other communications contemplated by this Plan
         -------
shall be in writing and shall be deemed to have been duly given when personally
delivered or when mailed by U.S. registered or certified mail, return receipt
requested and postage prepaid. In the case of the Participant, mailed notices
shall be addressed to him or her at the home address which he or she most
recently communicated to the Company in writing. In the case of the Company,
mailed notices shall be addressed to its corporate headquarters, and all notices
shall be directed to the attention of its General Counsel.

     2.  Notice by the Participant of Involuntary Termination Upon Change of
         -------------------------------------------------------------------
Control by the Company. In the event that the Participant determines that an
----------------------
Involuntary Termination Upon Change of Control has occurred, the Participant
shall give written notice to the Company that such Involuntary Termination Upon
Change of Control has occurred. Such notice shall be delivered by the
Participant to the Company within ninety (90) days following the date on which
such Involuntary Termination Upon Change of Control occurred, shall indicate the
specific provision or provisions in this Plan upon which the Participant relied
to make such determination and shall set forth in reasonable detail the facts
and circumstances claimed to provide a basis for such determination. The failure
by the Participant to include in the notice any fact or circumstance which
contributes to a showing of Involuntary Termination Upon Change of Control shall
not waive any right of the

                                      -7-

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Participant hereunder or preclude the Participant from asserting such fact or
circumstance in enforcing his or her rights hereunder.

                                   ARTICLE XII

                            MISCELLANEOUS PROVISIONS

     1.  Severability. The invalidity or unenforceability of any provision or
         ------------
provisions of this Plan shall not affect the validity or enforceability of any
other provision hereof, which shall remain in full force and effect.

     2.  No Assignment of Benefits. The rights of any person to payments or
         -------------------------
benefits under this Plan shall not be made subject to option or assignment,
either by voluntary or involuntary assignment or by operation of law, including
(without limitation) bankruptcy, garnishment, attachment or other creditor's
process, and any action in violation of this Section shall be void.

     3.  Assignment by Company. The Company may assign its rights under this
         ---------------------
Plan to an affiliate, and an affiliate may assign its rights under this Plan to
another affiliate of the Company or to the Company; provided, however, that no
assignment shall be made if the net worth of the assignee is less than the net
worth of the Company at the time of assignment; provided, further, that the
Company shall guarantee all benefits payable hereunder. In the case of any such
assignment, the term "Company" when used in this Plan shall mean the corporation
that actually employs the Participant.

     IN WITNESS WHEREOF, this document is hereby adopted as of the Effective
Date and executed on _________________________, ____________.

                                  TALK CITY, INC.

                                (name changed to LiveWorld, Inc. on May 8, 2001)

                         By:
                             ---------------------------------------------------

                         Its:
                             ---------------------------------------------------

                                      -8-<PAGE>

                                                                    Exhibit 10.1

                        TERMINATION AND RELEASE AGREEMENT
                        ---------------------------------

                  AGREEMENT (this "Agreement"), dated as of March 25, 2002, by
and between CHIQUITA BRANDS INTERNATIONAL, INC. (the "Company"), and STEVEN G.
WARSHAW (the "Executive").

                  WHEREAS, the Executive has been employed as Chief Executive
Officer and President of the Company; and

                  WHEREAS, by mutual agreement between the parties hereto, the
Executive has resigned, effective as of the Termination Date, his positions as
Chief Executive Officer and President of the Company, as a member of the board
of directors of the Company and as an officer and director of any subsidiary or
affiliate of the Company for which he is serving in such positions.

                  NOW, THEREFORE, BE IT RESOLVED, that the Company and the
Executive, in consideration of the covenants herein set forth, hereby agree as
follows:

                  1. Termination of Employment
                     -------------------------

                  By mutual agreement with the Company, the Executive has
resigned, effective as of March 20, 2002 (the "Termination Date"), from his
positions as Chief Executive Officer and President of the Company and a member
of the Board of Directors of the Company, and from all other positions the
Executive may currently hold as an officer or member of the board of directors
of any of the Company's subsidiaries or affiliates. The Executive shall sign and
deliver to the Company such other documents as may be necessary to effect or
reflect such resignations.

                  2. Severance Payments, Benefits and Obligations
                     --------------------------------------------

                  (a) The Executive will not be entitled to any compensation or
benefits from the Company, or its subsidiaries or affiliates, except as provided
in this Agreement.

                  (b) In consideration of the Executive's execution of the
release set forth in Section 5 of this Agreement and the Executive's agreement
to comply with Section 4 of this Agreement, and in lieu of and in satisfaction
of any agreement or any severance or other payments due under any severance or
other benefit plans maintained by the Company or any of its subsidiaries or
affiliates (collectively, the "Company Entities"), or any individual agreement
previously entered into with the Executive by any of the Company Entities,
including the Severance Agreement, dated February 14, 2001, by and between the
Company and the Executive (the "Severance Agreement"), the Company shall pay or
provide to the Executive (i) the payments and benefits due under Section 5 of
the Severance Agreement and (ii) no later than the first business day following
the expiration of the Revocation Period (as defined in Section 5(a) of this
Agreement), the (A) severance payments and benefits set forth in Section 6.1 of
the Severance Agreement (which for purposes of Section 6.1(D) of the Severance
Agreement shall

                                       1

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be a pro rata annual bonus payment of $175,000), (B) a lump sum cash payment of
$175,000 in full satisfaction of the Executive's retention bonus and (C) a lump
sum cash payment of Executive's unpaid base salary from the Termination Date
through June 30, 2002, based upon an annual rate of $700,000 (provided, that, if
payment of the amounts under clauses (B) and/or (C) would result in a breach of
a covenant under any credit agreements of the Company Entities , such payments
will be made no later than June 30, 2002). The Company has provided Executive
with a certificate for 65,950 shares of common stock of the Company in full
satisfaction of Executive's "Award Shares" under Executive's Award Share
Agreement with the Company, dated as of February 21, 2002, which takes into
account applicable tax withholding of 34,050 shares on the payment of the Award
Shares. To the extent applicable, the Executive will remain eligible to receive
the payments set forth in Section 6.2 of the Severance Agreement. Except as
provided in this Agreement, the Executive hereby waives his rights to any
additional compensation and benefits from the Company Entities.

                  (c) The Company and its subsidiaries will continue to honor,
pursuant to their terms, the director and officer indemnification provisions
maintained by such entities with respect to the Executive, with respect to
actions of the Executive as an officer or director of the Company (or any of its
subsidiaries) prior to the Termination Date.

                  (d) The Company will reimburse the Executive for any
unreimbursed reasonable business expenses incurred by the Executive prior to the
Termination Date, pursuant to the Company's reimbursement policies; provided,
that, the Executive must present all expense reports to the Company within 90
days following the Termination Date.

                  (e) The Company shall provide Executive with outplacement
services pursuant to the Severance Agreement in a form and amount commensurate
with Executive's title and position.

                  (f) This Agreement shall supersede the Severance Agreement,
and the Severance Agreement shall be deemed terminated from and after the date
of this Agreement, without any remaining obligation of any party under such
agreement, except to the extent otherwise specifically referred to in this
Agreement. This Agreement shall also supersede the Severance Agreement by and
between the Executive and the Company, dated January 16, 2001, as amended, which
shall be deemed terminated from and after the date of this Agreement.

                  3. Confidentiality of this Agreement
                     ---------------------------------

                  Except as required by law or regulation (including all federal
securities laws and regulations) as determined by the Company in its discretion,
none of the parties hereto will disclose the terms of this Agreement, provided
that the Executive may disclose such terms to his financial and legal advisors
and his spouse and the Company may disclose such terms to selected employees,
advisors and affiliates on a "need to know" basis, each of whom shall be
instructed by the Executive and the Company, as the case may be, to maintain the
terms of this Agreement in strict confidence in accordance with the terms
hereof.

                                       2

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                  4. Restrictive Covenants
                     ---------------------

                  (a) The Executive has returned or will immediately return to
the Company all Company Information (as defined below), including client lists,
files, software, records, computer access codes and instruction manuals which he
has in his possession, and agrees not to keep any copies of Company Information.
The Executive affirms his obligation to keep all Company Information
confidential and not to use or disclose it to any third party in the future. The
term "Company Information" means: (i) confidential information relating to the
Company Entities, including information received from third parties under
confidential conditions, and (ii) other technical, marketing, business or
financial information, or information relating to personnel or former personnel
of the Company Entities, the use or disclosure of which might reasonably be
construed to be contrary to the interest of the Company; provided, however, that
the term "Company Information" shall not include any information that is or
became generally known or available to the public other than as a direct result
of a breach of this paragraph by the Executive or any action by the Executive
prior to the Termination Date which would have been a breach of the Executive's
obligations to the Company in effect at such time.

                  (b) The Executive agrees to remain subject to the provisions
of Section 4 of the Severance Agreement, and agrees to provide reasonable
cooperation to the Company for transition services through June 30, 2002.

                  (c) From and after the Termination Date, the Executive will
refrain from taking actions or making statements, written or oral, which
denigrate, disparage or defame the goodwill or reputation of the Company
Entities and their trustees, officers, security holders, partners, agents and
former and current employees and directors or which are intended to, or may be
reasonably expected to, embarrass or adversely affect the morale of the
employees of any of the Company Entities. The Executive further agrees not to
make any negative statements to employees of the Company Entities or to third
parties relating to his employment or any aspect of the business of the Company
Entities and not to make any statements to employees of the Company Entities or
to third parties about the circumstances of the Executive's resignation, or
about the Company Entities and their former and current trustees, officers,
security holders, partners, agents, employees and directors. From and after the
Termination Date, the Company will advise its executive officers and directors
to refrain, from taking actions or making statements, written or oral, which
denigrate, disparage or defame the reputation of the Executive. The Company
further agrees to advise its executive officers and directors not to make, any
negative statements to employees of the Company Entities or to third parties
relating to the Executive's employment or any statements to employees of the
Company Entities or to third parties about the circumstances of the Executive's
resignation.

                  5. Waiver and Release
                     ------------------

                  (a) In exchange for the payments and benefits identified in
this Agreement, certain of which the Executive acknowledges are in addition to
anything of value to which he is already entitled, the Executive, on behalf of
himself and his beneficiaries, heirs and assigns, hereby releases, settles and
forever discharges the Company Entities and their subsidiaries, affiliates,
successors and assigns, together with their past and present shareholders,
directors, officers, employees, agents, insurers, attorneys, and any other party
associated with the Company Entities, to the fullest extent permitted by
applicable law, from any and all claims, causes of

                                       3

<PAGE>

action, rights, demands, debts, liens, liabilities or damages of whatever
nature, whether known or unknown, suspected or unsuspected, which the Executive
ever had or may now have against the Company or any of the foregoing. This
includes, without limitation, any claims, liens, demands, or liabilities arising
out of or in any way connected with the Executive's employment with the Company
and the termination of that employment pursuant to any federal, state or local
laws regulating employment such as the Civil Rights Act of 1964, the Civil
Rights Act of 1991, the Americans With Disabilities Act of 1990, the Family and
Medical Leave Act of 1993, the Civil Rights Act known as 42 USC 1981, the
Employee Retirement Income Security Act of 1974 ("ERISA"), the Worker Adjustment
and Retraining Notification Act, the Fair Labor Standards Act of 1938, as well
as other federal, state, and local laws, except that this release shall not
affect any rights of the Executive for benefits payable under any Social
Security, Worker's Compensation or unemployment laws or rights arising out of
any breach of this Agreement by the Company.

                  The Executive further expressly and specifically waives any
and all rights or claims under the Age Discrimination In Employment Act of 1967
and the Older Workers Benefit Protection Act (collectively the "Act"). The
Executive acknowledges and agrees that this waiver of any right or claim under
the Act (the "Waiver") is knowing and voluntary, and specifically agrees as
follows: (a) that this Agreement and the Waiver are written in a manner which he
understands; (b) that the Waiver specifically relates to rights or claims under
the Act; (c) that he does not waive any rights or claims under the Act that may
arise after the date of execution of the Waiver; (d) that he waives rights or
claims under the Act in exchange for consideration in addition to anything of
value to which he is already entitled; and (e) that he is advised in writing to
consult with an attorney prior to executing the Waiver. The Executive
acknowledges that he was given up to 21 days to consider executing this
Agreement, including the Waiver. The Executive has 15 days following his
execution of this Agreement to revoke the Waiver (the "Revocation Period"). In
the event the Executive revokes the Waiver, the Company shall not be required to
make the payments under Section 2(b) of this Agreement.

                  (b) In exchange for the Executive's agreements and covenants
set forth in this Agreement, the Company and its subsidiaries, on behalf of such
entities and their successors and assigns, hereby release, settle and forever
discharge the Executive, and his heirs, successors and assigns, to the fullest
extent permitted by applicable law, from any and all claims, causes of action,
rights, demands, debts, liens, liabilities or damages of whatever nature,
whether known or unknown, suspected or unsuspected, which the Company and its
subsidiaries ever had or may now have against the Executive other than (i) any
claims related to, arising under or in connection with the Executive's
fraudulent or criminal activity and (ii) any claims arising out of the
Executive's breach of this Agreement.

                  (c) The Executive represents and acknowledges that, in
executing this Agreement, he has not relied upon any representation or statement
made by the Company not set forth herein.

                  6. Public Statement
                     ----------------

                  The parties agree that no subsequent comments shall be made to
the media or through other public statements by any party hereto regarding the
Executive's termination of

                                       4

<PAGE>

employment that are inconsistent with the press release issued in connection
with the Executive's resignation, except as may be required by applicable law or
regulation.

                  7.  Governing Law
                      -------------

                  This Agreement shall be governed by and construed in
accordance with the laws of the State of Ohio, without regard to the principles
of conflicts of law thereof. Except as provided in Section 10 of this Agreement,
any dispute under this Agreement shall be resolved pursuant to the dispute
provisions of Section 14 of the Severance Agreement

                  8.  Taxes
                      -----

                  All payments or other benefits made or provided to the
Executive under this Agreement will be reduced by, or the Executive will
otherwise pay, all income, employment and Medicare taxes required to be withheld
on such payments and other benefits.

                  9.  Savings and Severability
                      ------------------------

                  The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision
of this Agreement. With respect to any provision of this Agreement finally
determined by a court of competent jurisdiction to be unenforceable, the
Executive and the Company Entities hereby agree that such court shall have
jurisdiction to reform this Agreement or any provision hereof so that it is
enforceable to the maximum extent permitted by law, and the parties agree to
abide by such court's determination. If any of the provisions of this Agreement
are determined to be wholly or partially unenforceable in any jurisdiction, such
determination shall not be a bar to or in any way diminish the rights of the
Company Entities to enforce any such covenant in any other jurisdiction.

                  10. Remedies
                      --------

                  The Executive acknowledges and agrees that because of the
nature of the business in which the Company Entities are engaged and because of
the nature of the Company Information to which the Executive has had access
during his employment, it would be impractical and excessively difficult to
determine the actual damages of the Company Entities in the event the Executive
breached any of the restrictive covenants contained herein, and remedies at law
(such as monetary damages) for any breach of the Executive's covenants would be
inadequate. The Executive therefore agrees and consents that if the Executive
commits any such breach or threatens to commit any such breach, the Company
shall have the right (in addition to, and not in lieu of, any other right or
remedy that may be available to it) to temporary and permanent injunctive relief
from a court of competent jurisdiction, without posting any bond or other
security and without the necessity of proof of actual damage.

                  11. Notices
                      -------

                  All notices, requests, demands and other communication which
are required or may be given under this Agreement shall be in writing and shall
be deemed to have been duly given when received if personally delivered; when
transmitted by telecopy, electronic or digital transmission method upon receipt
of telephonic or electronic confirmation; that day after it is

                                       5

<PAGE>

sent, if sent for next day delivery to a domestic address by recognized
overnight delivery service (e.g., Federal Express) and upon receipt, if sent by
                            ----
certified or registered mail, return receipt requested. In each case notice
shall be sent to:

                  If to the Executive, addressed to:

                  Steven G. Warshaw
                  c/o Robert E. Coletti
                  Keating, Muething & Klekamp PLL
                  1400 Provident Tower
                  One East Fourth Street
                  Cincinnati, Ohio 45202

                  If to the Company, addressed to:

                  Chiquita Brands International, Inc.
                  250 East Fifth Street
                  Cincinnati, Ohio  45202
                  Attention:  General Counsel

                  or to such other place and with such other copies as any party
may designate as to itself or himself by written notice to the others.

                  12. Amendments; Waivers
                      -------------------

                  This Agreement may not be amended, modified or terminated,
except by a written instrument signed by the parties hereto. Any provision of
this Agreement may be waived by a written instrument signed by the party to be
charged with such waiver.

                  13. Successors
                      ----------

                  This Agreement shall be binding on and inure to the benefit of
the Executive, the Company, and their respective heirs, successors and assigns,
including without limitation any corporation or other entity into which the
Company may be merged, reorganized or liquidated, or by which may be acquired.
The obligations of the Company may be assigned without limitation; but, as the
obligations to be performed by the Executive hereunder are unique based upon his
skills and qualifications, the Executive's obligations under this Agreement may
not be assigned.

                  14. Entire Agreement
                      ----------------

                  Except as specified herein, this Agreement contains the entire
agreement between the parties concerning the subject matter hereof and
supersedes all prior agreements, understandings, discussions, negotiations and
undertakings, whether written or oral, between the parties with respect thereto.

                  15. Counterparts
                      ------------

                  This Agreement may be executed in several counterparts, each
of which shall be deemed to be an original, but all of which together will
constitute one and the same Agreement.

                                       6

<PAGE>

                  IN WITNESS WHEREOF, the parties have executed this Agreement,
as of the date and year first written above.

                                            CHIQUITA BRANDS INTERNATIONAL, INC.

                                            By: /s/ Cyrus F. Freidheim Jr.
                                                --------------------------
                                                Name: Cyrus F. Freidheim, Jr.
                                                Title: Chairman of the Board and
                                                       Chief Executive Officer

                                                /s/ Steven G. Warshaw
                                                ---------------------
                                                STEVEN G. WARSHAW

                                       7

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