Document:

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                                                                    Exhibit 10.1

                            THE J. M. SMUCKER COMPANY

                   1998 EQUITY AND PERFORMANCE INCENTIVE PLAN
           (AS AMENDED AND RESTATED EFFECTIVE AS OF OCTOBER 29, 2002)
                       NONQUALIFIED STOCK OPTION AGREEMENT

     WHEREAS, __________ (hereinafter called the "Optionee") is an employee of
The J. M. Smucker Company, an Ohio corporation, or one of its subsidiaries
(hereinafter called the "Company"); and

     WHEREAS, the execution of a stock option agreement in the form hereof (this
"Agreement") has been duly authorized by action of the Executive Compensation
Committee of the Board (the "Committee");

     NOW, THEREFORE, the Company hereby grants to the Optionee a nonqualified
option (this "Option") pursuant to the Company's 1998 Equity and Performance
Incentive Plan as amended and restated (hereinafter called the "Plan") to
purchase ________ Common Shares of the Company at the price of $_______ per
share (hereinafter called the "Option Price"), and agrees to cause certificates
for any shares purchased hereunder to be delivered to the Optionee upon payment
of the purchase price in full, all subject, however, to the terms and conditions
of the Plan and the terms and conditions hereinafter set forth.

     1. This Option (until terminated as hereinafter provided) shall be
exercisable only to the extent of one-third of the shares herein above specified
after the Optionee shall have been in the continuous employ of the Company or
any Subsidiary for one full year from the date hereof and to the extent of an
additional one-third of such shares after each of the next two successive years
thereafter during which the Optionee shall have been in the continuous employ of
the Company or any Subsidiary. If the Optionee should die or become permanently
and totally disabled (as determined by the Committee) while in the employ of the
Company or any Subsidiary, or the Optionee should retire under a retirement plan
of the Company or any Subsidiary at or after normal retirement age provided for
in such retirement plan or should retire at an earlier age with the consent of
the Committee, this Option shall, notwithstanding the preceding sentence,
immediately become exercisable in full. For the purposes of this paragraph,
leaves of absence approved by the Committee for illness, military or
governmental service, or other cause, shall be considered as employment. To the
extent exercisable, this Option may be exercised in whole or in part from time
to time.

     2. This Option shall terminate on the earliest of the following dates:

     (a) on the date on which the Optionee ceases to be an employee of the
  Company or a Subsidiary, unless he or she ceases to be such employee (i) by
  reason of death or permanent and total disability (as determined by the
  Committee), (ii) by reason of termination of employment under circumstances
  determined by the Committee to be for the convenience of the Company, or (iii)
  by reason of retirement under a retirement plan of the Company or a Subsidiary
  at or after normal retirement age provided for in such retirement plan or
  retirement at an earlier age with the consent of the Committee;

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     (b) one year after the death of the Optionee if the Optionee dies before
  termination of this Option; or

     (c) ten years from the date on which this Option was granted.

         In the event the Optionee shall intentionally commit an act materially
inimical to the interests of the Company or a Subsidiary, and the Committee
shall so find, this Option shall terminate at the time of such act,
notwithstanding any other provision of this Agreement. Nothing contained in this
Agreement shall create any right of continued employment or in any way limit
whatever right the Company or a Subsidiary might otherwise have to terminate the
employment of the Optionee.

     3. The Option Price hereunder may, at the election of the Optionee, be paid
(a) in cash or by check acceptable to the Company, (b) by the transfer to the
Company by the Optionee of Common Shares owned by the Optionee for at least six
months and having a value at the time of exercise equal to the total Option
Price based on the Market Value per Share on the exercise date, or (c) by a
combination of such methods of payment.

     4. This Option is not transferable by the Optionee otherwise than by will
or the laws of descent and distribution and is exercisable during the lifetime
of the Optionee only by the Optionee or his or her guardian or legal
representative.

     5. This Option shall not be exercisable if such exercise would involve a
violation of any applicable federal or state securities law, and the Company
hereby agrees to make reasonable efforts to comply with such securities laws.

     6. The Committee shall make such adjustments in the Option Price and in the
number or kind of Common Shares or other securities covered by this Option as it
in its sole discretion, exercised in good faith, may determine is equitably
required to prevent dilution or enlargement of the rights of the Optionee that
otherwise would result from (a) any stock dividend, stock split, combination of
shares, recapitalization or other change in the capital structure of the
Company, or (b) any merger, consolidation, separation, reorganization, partial
or complete liquidation, or issuance of rights or warrants to purchase stock, or
(c) any other corporate transaction or event having an effect similar to any of
the foregoing. Specifically, but without limitation, where any transaction or
event referred to herein would result in a Change in Control of the Company, the
Committee, in its discretion, may provide in substitution for unexercised
options hereunder then outstanding such alternative options or other
consideration as it, in good faith, may determine to be equitable in the
circumstances and may require in connection therewith the surrender of all such
unexercised options.

     7. The Option granted hereby shall, notwithstanding the provisions of
Section 1 hereof, become immediately exercisable in full upon a Change in
Control.

     8. If the Company shall be required to withhold any federal, state, local
or foreign tax in connection with any exercise of the Option, the Optionee shall
pay the tax or make provisions

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that are satisfactory to the Company for the payment thereof. To the extent the
Optionee is paying the Option Price with previously owned Common Shares, as
contemplated by Section 3(b) or 3(c) of this Agreement, the Optionee may elect
to satisfy all or any part of any such withholding obligation by surrendering to
the Company a portion of the Common Shares that are issuable to the Optionee
upon the exercise of the Option. If such election is made, the shares so
surrendered by the Optionee shall be credited against any such withholding
obligation at their Market Value per Share on the date of such surrender.

     9. The term "Subsidiary" as used in this Agreement means any corporation
(other than the Company) in an unbroken chain of corporations beginning with the
Company if each of the corporations other than the last corporation in the
unbroken chain owns stock possessing fifty percent or more of the total combined
voting power of all classes of stock in one of the other corporations in such
chain. For purposes of this Agreement, the continuous employ of the Optionee
with the Company or a Subsidiary shall not be deemed interrupted, and the
Optionee shall not be deemed to have ceased to be an employee of the Company or
any Subsidiary, by reason of the transfer of his or her employment among the
Company and its Subsidiaries.

     10. This agreement is made under, and shall be construed in accordance
with, the laws of the State of Ohio.

     11. Capitalized terms used herein without definition shall have the
meanings assigned to them in the Plan.

Dated: __________        THE J. M. SMUCKER COMPANY

                            By:    M. Ann Harlan
                                   Vice President, General Counsel and Secretary

The undersigned Optionee hereby acknowledges receipt of an executed original of
this Agreement and accepts the option granted hereunder.

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                             OPTIONEE:  ______________________________

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                                                                    Exhibit 10.2

                            THE J.M. SMUCKER COMPANY

                     Agreement Relating to Restricted Shares
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                  WHEREAS, ____________  (the "Grantee") is an employee of The
J.M. Smucker Company, an Ohio Company (the "Company"); and

                  WHEREAS, the execution of an agreement in the form hereof
(this "Agreement") has been authorized by a resolution of the Executive
Compensation Committee (the "Committee") of the Board of Directors of the
Company that was duly adopted on __________ to authorize awards of Restricted
Shares grants, pursuant to the Company's 1998 Equity and Performance Incentive
Plan as amended (the "Plan"), as of __________ (the "Date of Grant");

                  NOW, THEREFORE, the Company hereby grants to the Grantee
__________ Restricted Shares (as defined in the Plan), effective as of the Date
of Grant, subject to the terms and conditions of the Plan and the following
additional terms, conditions, limitations and restrictions:

                                    ARTICLE I

                                   DEFINITIONS

           All terms used herein with initial capital letters and not
otherwise defined herein that are defined in the Plan shall have the meanings
assigned to them in the Plan.

                                   ARTICLE II
                       CERTAIN TERMS OF RESTRICTED SHARES

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                  1. ISSUANCE OF RESTRICTED SHARES. The Restricted Shares
covered by this Agreement shall be issued to the Grantee effective upon the Date
of Grant. The Common Shares subject to this grant of Restricted Shares shall be
fully paid and nonassessable and shall be represented by a certificate or
certificates registered in the Grantee's name, endorsed with an appropriate
legend referring to the restrictions hereinafter set forth.

                  2. RESTRICTIONS ON TRANSFER OF SHARES. The Common Shares
subject to this grant of Restricted Shares may not be sold, exchanged, assigned,
transferred, pledged, encumbered or otherwise disposed of by the Grantee, except
to the Company, until the Restricted Shares have become nonforfeitable as
provided in Section 3 hereof; provided, however, that the Grantee's rights with
respect to such Common Shares may be transferred by will or pursuant to the laws
of descent and distribution. Any purported transfer or encumbrance in violation
of the provisions of this Section 2 of this Article II shall be void, and the
other party to any such purported transaction shall not obtain any rights to or
interest in such Common Shares. The Company in its sole discretion, when and as
permitted by the Plan, may waive the restrictions on transferability with
respect to all or a portion of the Common Shares subject to this grant of
Restricted Shares.

                  3.       VESTING OF RESTRICTED SHARES.

                  (a) All of the Restricted Shares covered by this Agreement
shall become nonforfeitable if the Grantee shall have remained in the continuous
employ of the Company or a Subsidiary for four years from the Date of Grant.

                  (b) Notwithstanding the provisions of Section 3(a) of this
Article II, all of the Restricted Shares covered by this Agreement shall
immediately become nonforfeitable (i) if the

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Grantee dies or becomes permanently disabled while in the employ of the Company
or a Subsidiary during the four-year period from the Date of Grant, or (ii) if a
Change in Control occurs during the four-year period from the Date of Grant
while the Grantee is employed by the Company or a Subsidiary.

                  (c) Notwithstanding the provisions of Section 3(a) of this
Article II, if the Grantee retires under a retirement plan of the Company or a
Subsidiary at or after the normal retirement age provided for in such retirement
plan or retires at an earlier age with the consent of the Committee, the
Restricted Shares covered by this Agreement shall become nonforfeitable.
Notwithstanding the preceding sentence, in the event that Restricted Shares are
awarded to Grantee after the Grantee has reached normal retirement age, Grantee
must remain an employee of the Company for two consecutive years following the
Date of Grant in order for such Restricted Shares to become nonforfeitable.

                  (d) Notwithstanding the provisions of Section 3(a) of this
Article II, if the Grantee leaves the employ of the Company or a Subsidiary
within four years from the Date of Grant under circumstances determined by the
Committee to be for the convenience of the Company, the Committee may determine
that all of the Restricted Shares covered by this Agreement shall become
nonforfeitable.

                  4. FORFEITURE OF SHARES. The Restricted Shares shall be
forfeited, except as otherwise provided in Section 3 above, if the Grantee
ceases to be employed by the Company or a Subsidiary prior to four years from
the Date of Grant. In the event of a forfeiture, the certificate(s) representing
the Restricted Shares covered by this Agreement shall be cancelled.

                  5. DIVIDEND, VOTING AND OTHER RIGHTS. (a) Except as otherwise
provided herein, from and after the Date of Grant, the Grantee shall have all of
the rights of a shareholder with respect to the Restricted Shares covered by
this Agreement, including the right to vote such

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Restricted Shares and receive any dividends that may be paid thereon; provided,
however, that any additional Common Shares or other securities that the Grantee
may become entitled to receive pursuant to a stock dividend, stock split,
combination of shares, recapitalization, merger, consolidation, separation, or
reorganization or any other change in the capital structure of the Company shall
be subject to the same restrictions as the Restricted Shares covered by this
Agreement.

                  (b) Cash dividends on the Restricted Shares covered by this
Agreement shall be paid to the Grantee pursuant to the Company's Amended
Articles of Incorporation and reported on the Grantee's annual wage and tax
statement (Form W-2) as compensation.

                                   ARTICLE III
                               GENERAL PROVISIONS

                  1. COMPLIANCE WITH LAW. The Company shall make reasonable
efforts to comply with all applicable federal and state securities laws;
provided, however, notwithstanding any other provision of this Agreement, the
Company shall not be obligated to issue any Common Shares pursuant to this
Agreement if the issuance thereof would result in a violation of any such law.

                  2. WITHHOLDING TAXES. If the Company or any Subsidiary shall
be required to withhold any federal, state, local or foreign tax in connection
with any issuance or vesting of Common Shares or other securities pursuant to
this Agreement, the Grantee shall pay the tax or make provisions that are
satisfactory to the Company or such Subsidiary for the payment thereof. The
Grantee may elect to satisfy all or any part of any such withholding obligation
by surrendering to the Company or such Subsidiary a portion of the Common Shares
that are issued or transferred to the Grantee or that become nontransferable by
the Grantee hereunder, and the

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Common Shares so surrendered by the Grantee shall be credited against any such
withholding obligation at the Market Value per Share of such Common Shares on
the date of such surrender.

                  3. CONTINUOUS EMPLOYMENT. For purposes of this Agreement, the
continuous employment of the Grantee with the Company or a Subsidiary shall not
be deemed to have been interrupted, and the Grantee shall not be deemed to have
ceased to be an employee of the Company or a Subsidiary, by reason of the
(i)transfer of his employment among the Company and its Subsidiaries or (ii) a
leave of absence approved by the Board or the Committee.

                  4. RIGHT TO TERMINATE EMPLOYMENT. No provision of this
Agreement shall limit in any way whatsoever any right that the Company or a
Subsidiary may otherwise have to terminate the employment of the Grantee at any
time. Nothing herein shall be deemed to create a contract or a right to
employment with respect to the Grantee.

                  5. RELATION TO OTHER BENEFITS. Any economic or other benefit
to the Grantee under this Agreement or the Plan shall not be taken into account
in determining any benefits to which the Grantee may be entitled under any
profit-sharing, retirement, or other benefit or compensation plan maintained by
the Company or a Subsidiary and shall not affect the amount of any life
insurance coverage available to any beneficiary under any life insurance plan
covering employees of the Company or a Subsidiary.

                  6. AMENDMENTS. Any amendment to the Plan shall be deemed to be
an amendment to this Agreement to the extent that the amendment is applicable
hereto; provided, however, that no amendment shall adversely affect the rights
of the Grantee with under this Agreement without the Grantee's consent.

                  7. SEVERABILITY. In the event that one or more of the
provisions of this Agreement shall be invalidated for any reason by a court of
competent jurisdiction, any provision

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so invalidated shall be deemed to be separable from the other provisions hereof,
and the remaining provisions hereof shall continue to be valid and fully
enforceable.

                  8. GOVERNING LAW. This agreement is made under, and shall be
construed in accordance with, the internal substantive laws of the State of
Ohio.

                  This Agreement is executed by the Company as of the ____ day
of ________.

                                         THE J.M. SMUCKER COMPANY

                                         By:
                                             ------------------------
                                         Name:  M. Ann Harlan
                                         Title: General Counsel and
                                                Secretary

                  The undersigned hereby acknowledges receipt of an executed
original of this Agreement Relating to Restricted Shares, together with a copy
of the Plan, and accepts the award of Restricted Shares granted thereunder on
the terms and conditions set forth herein and in the Plan.

Date:________________                     ______________________________

                                          ------------------------------
                                          Grantee

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