Document:

Instrument of Resignation, Appointment and Acceptance--4.25% Conv. Senior Notes

 EXHIBIT 4.11 
 INSTRUMENT OF RESIGNATION, APPOINTMENT AND ACCEPTANCE, dated as of January 20, 2009 (this
“Instrument”), by and among CHIQUITA BRANDS INTERNATIONAL, INC., a corporation duly organized and existing under the laws of the state of New Jersey, having its principal office at 250 East Fifth Street, Cincinnati, Ohio
45202 (the “Company”), BANK OF AMERICA N.A., as successor by merger to LASALLE BANK, NATIONAL ASSOCIATION, a national banking association duly organized and existing under the laws of the United States of America, having its
corporate trust office at 135 South LaSalle, Chicago, Illinois 60603, as resigning Trustee (the “Resigning Trustee”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association duly organized and existing
under the laws of the United States of America, having a corporate trust office at 45 Broadway, 14th floor, New York, New York 10006, as successor
Trustee (the “Successor Trustee”). 
 RECITALS 
 WHEREAS, there are presently outstanding under a Senior Indenture, dated as of February 1, 2008, between the Company and the Resigning Trustee, as
supplemented by Supplemental Indenture No. 1 dated as of February 12, 2008 (the “Indenture”): 
 (i)
$200,000,000 in aggregate principal amount of the Company’s 4.25% Convertible Senior Notes due 2016 (the “Convertible Senior Notes”); and 
 WHEREAS, the Resigning Trustee wishes to resign as Trustee, the office or agency where the Securities may be presented for registration of transfer or exchange (the “Registrar”), the office or
agency where notices and demands to or upon the Company in respect of the Securities or the Indenture may be served (the “Agent”) and the office or agency where the Securities may be presented for payment (the
“Paying Agent”) under the Indenture; the Company wishes to appoint the Successor Trustee to succeed the Resigning Trustee as Trustee, Registrar, Agent and Paying Agent under the Indenture; and the Successor Trustee wishes to
accept appointment as Trustee, Registrar, Agent and Paying Agent under the Indenture. 
 NOW, THEREFORE, in consideration of the mutual
covenants and promises herein, the receipt and sufficiency of which are hereby acknowledged, the Company, the Resigning Trustee and the Successor Trustee agree as follows: 
 ARTICLE ONE 
 THE RESIGNING TRUSTEE 
 Section 101. Pursuant to Section 610 of the Indenture, the Resigning Trustee hereby notifies the Company that the Resigning Trustee is
hereby resigning as Trustee under the Indenture. 
 Section 102. The Resigning Trustee hereby represents and warrants to the
Successor Trustee and to the Company that: 
 (a) No covenant or condition contained in the Indenture has been waived by the
Resigning Trustee or, to the best of the knowledge of the Resigning 

 
Trustee, by the owners of the percentage in aggregate principal amount of the Convertible Senior Notes required by the Indenture to effect any such waiver.

 (b) There is no action, suit or proceeding pending or, to the best of the knowledge of the Responsible Officers of the
Resigning Trustee assigned to its corporate trust department, threatened against the Resigning Trustee before any court or governmental authority arising out of any action or omission by the Resigning Trustee as Trustee under the Indenture.

 (c) To the best of the Resigning Trustee’s knowledge, the Company is not in default under the Indenture and no event
has occurred and is continuing which is, or after notice or lapse of time would become, an Event of Default under the Indenture. 
 (d) This Instrument has been duly authorized, executed and delivered on behalf of the Resigning Trustee. 
 (e)
$200,000,000 in aggregate principal amount of the Convertible Senior Notes are outstanding. 
 (f) Interest on the Convertible
Senior Notes has been paid to August 15, 2008. 
 (g) The Resigning Trustee has made, or promptly will make, available to
the Successor Trustee originals, if available, or copies in its possession or control, of all documents relating to the trust created by the Indenture (the “Trust”) and all information in the possession or control of its
corporate trust department relating to the administration and status of the Trust. 
 Section 103. The Resigning Trustee hereby
assigns, transfers, delivers and confirms to the Successor Trustee all right, title and interest of the Resigning Trustee in and to the Trust, all the rights, powers, duties and obligations of the Resigning Trustee under the Indenture and all
property and money held by such Resigning Trustee under the Indenture, with like effect as if the Successor Trustee was originally named as Trustee under the Indenture. The Resigning Trustee shall execute and deliver such further instruments and
shall do such other things as the Successor Trustee may reasonably require so as to more fully and certainly vest and confirm in the Successor Trustee all the rights, powers, duties and obligations hereby assigned, transferred, delivered and
confirmed to the Successor Trustee. 
 Section 104. The Resigning Trustee hereby resigns as Registrar, Agent and Paying Agent
under the Indenture. The Resigning Trustee, as Registrar, Agent, and Paying Agent, hereby assigns, transfers, delivers and confirms to the Successor Trustee all the rights, powers, duties and obligations of the Resigning Trustee, as Registrar,
Agent, and Paying Agent, under the Indenture and any and all property and money held by such Resigning Trustee, as Registrar, Agent, and Paying Agent, under the Indenture, with like effect as if the Successor Trustee was originally named as
Registrar, Agent, and Paying Agent under the Indenture. The Resigning Trustee shall execute and deliver such further instruments and shall do such other things as the Successor Trustee may reasonably require so as to more fully and certainly vest
and 

  

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confirm in the Successor Trustee all the rights, powers, duties and obligations hereby assigned, transferred, delivered and confirmed to the Successor
Trustee. Notwithstanding the foregoing, the Resigning Trustee acknowledges and agrees that it assumes responsibility, but only to the extent required under the terms of the Indenture, for its actions and omissions during its term as Trustee.

 ARTICLE TWO 
 THE COMPANY

 Section 201. The Company hereby certifies that the Company is, and the officer of the Company who has executed this Instrument
is, duly authorized to: (a) accept the Resigning Trustee’s resignation as Trustee, Registrar, Agent and Paying Agent under the Indenture; (b) appoint the Successor Trustee as Trustee, Registrar, Agent and Paying Agent under the
Indenture; and (c) execute and deliver such agreements and other instruments as may be necessary or desirable to effectuate the succession of the Successor Trustee as Trustee, Registrar, Agent and Paying Agent under the Indenture. 

Section 202. The Company hereby accepts the resignation of the Resigning Trustee as Trustee, Registrar, Agent and Paying Agent under the
Indenture. Pursuant to Section 610 of the Indenture, the Company hereby appoints the Successor Trustee as Trustee under the Indenture and confirms to the Successor Trustee all the rights, powers, duties and obligations of the Trustee under the
Indenture and with respect to all property and money held or to be held under the Indenture, with like effect as if the Successor Trustee was originally named as Trustee under the Indenture. The Company shall execute and deliver such further
instruments and shall do such other things as the Successor Trustee may reasonably require so as to more fully and certainly vest and confirm in the Successor Trustee all the rights, powers, duties and obligations hereby assigned, transferred,
delivered and confirmed to the Successor Trustee. 
 Section 203. The Company hereby represents and warrants to the Successor
Trustee and the Resigning Trustee that: 
 (a) It is a corporation duly and validly organized and existing pursuant to the
laws of New Jersey. 
 (b) The Indenture was validly and lawfully executed and delivered by the Company, has not been amended
or modified except as set forth herein, and is in full force and effect. 
 (c) The Securities are validly issued securities
of the Company. 
 (d) No event has occurred and is continuing which is, or after notice or lapse of time would become, an
Event of Default under the Indenture. 
 (e) No covenant or condition contained in the Indenture has been waived by the
Company or by the Holders of the percentage in aggregate principal amount of the Securities required to effect any such waiver. 
 (f) There is no action, suit or proceeding pending or, to the best of the Company’s knowledge, threatened against the Company before any court or any 

  

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governmental authority arising out of any action or omission by the Company under the Indenture. 
 (g) This Instrument has been duly authorized, executed and delivered on behalf of the Company and constitutes its legal, valid and binding
obligation. 
 (h) All conditions precedent relating to the appointment of the Successor Trustee as successor Trustee under
the Indenture have been complied with by the Company. 
 Section 204. The Company also hereby appoints the Successor Trustee as
Registrar, Agent and Paying Agent under the Indenture. The Company shall execute and deliver such further instruments and shall do such other things as the Successor Trustee may reasonably require so as to more fully and certainly vest and confirm
in the Successor Trustee all the rights, powers, duties and obligations hereby assigned, transferred, delivered and confirmed to the Successor Trustee as Registrar, Agent, and Paying Agent. 
 ARTICLE THREE 
 THE SUCCESSOR TRUSTEE 
 Section 301. The Successor Trustee hereby represents and warrants to the Resigning Trustee and to the Company that: 
 (a) This Instrument has been duly authorized, executed and delivered on behalf of the Successor Trustee and constitutes its legal, valid, binding and
enforceable obligation. 
 (b) The Successor Trustee is qualified and eligible under Section 609 of the Indenture to act as Trustee
under the Indenture. 
 Section 302. Pursuant to Section 611 of the Indenture, the Successor Trustee hereby accepts its
appointment as Trustee under the Indenture and hereby assumes all the rights, powers, duties and obligations of the Trustee under the Indenture and with respect to all property and money held or to be held under the Indenture, with like effect as if
the Successor Trustee was originally named as Trustee under the Indenture. 
 Section 303. Promptly after the execution and
delivery of this Instrument, the Successor Trustee, on behalf of the Company, shall cause a notice, in substantially the form annexed hereto marked Exhibit A, to be sent to each Holder of the Securities in accordance with Section 610 of
the Indenture. 
 Section 304. The Successor Trustee hereby accepts its appointment as Registrar, Agent and Paying Agent under
the Indenture. 
 ARTICLE FOUR 
 MISCELLANEOUS 
 Section 401. Except as otherwise expressly provided or unless the context otherwise requires, all
capitalized terms used herein which are defined in the Indenture shall have the meanings assigned to them in the Indenture. All references in the Indenture and related 

  

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documents to “corporate trust office” or other similar references to the corporate trust office of the trustee shall be deemed to refer to the
corporate trust office of the Successor Trustee described in Section 406 of this Instrument. 
 Section 402. This Instrument
and the resignation, appointment and acceptance effected hereby shall be effective as of the close of business on the date first above written, upon the execution and delivery hereof by each of the parties hereto; provided, that the
resignation of the Resigning Trustee as Registrar, Agent and Paying Agent under the Indenture, and the appointment of the Successor Trustee in such capacities, shall be effective 10 business days after the date first above written. 
 Section 403. Notwithstanding the resignation of the Resigning Trustee effected hereby, the Company shall remain obligated under
Section 607 of the Indenture to compensate, reimburse and indemnify the Resigning Trustee in connection with its prior trusteeship under the Indenture. The Company also acknowledges and reaffirms its obligations to the Successor Trustee as set
forth in Section 401 of the Indenture, which obligations shall survive the execution hereof. The Company and the Resigning Trustee acknowledge and agree that nothing contained herein or otherwise shall constitute an assumption by the Successor
Trustee of any liability of the Resigning Trustee arising out of any action or inaction by the Resigning Trustee as Trustee, Registrar, Agent, and/or Paying Agent under the Indenture. 
 Section 404. This Instrument shall be governed by and construed in accordance with the laws of the jurisdiction which govern the Indenture
and its construction. 
 Section 405. This Instrument may be executed in any number of counterparts, each of which shall be an
original, but such counterparts shall together constitute but one and the same instrument. 
 Section 406. All notices, whether
faxed or mailed, will be deemed received when sent pursuant to the following instructions: 
 TO THE RESIGNING TRUSTEE: 
 BANK OF AMERICA N.A. as successor by merger to 
 LaSalle Bank, National Association 
 135 South LaSalle 
 Mailcode IL4-135-18-25 
 Chicago, Illinois

 Fax: 312-904-4018 
 Tel:
312-904-2226 
 TO THE SUCCESSOR TRUSTEE: 
 Wells Fargo Bank, National Association 
 45 Broadway 
 14th floor 
 New York, New York 10006 
 Fax: 212-515-1589 
  

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 Tel: 212-515-5244 
 TO THE COMPANY: 
 Chiquita Brands International, Inc. 
 250 East Fifth Street 
 Cincinnati, OH 45202

 Att: General Counsel 
 Fax

 Tel.: 513-784-8000 
 [REMAINDER OF PAGE INTENTIONALLY BLANK] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Instrument of Resignation, Appointment and
Acceptance to be duly executed as of the day and year first above written. 
  

			
	CHIQUITA BRANDS INTERNATIONAL, INC.
		
	By	 	 /s/ Michael B. Sims

	Name:	 	Michael B. Sims
	Title:	 	Vice President and Treasurer
	
	BANK OF AMERICA N.A, as successor by merger to LASALLE BANK, NATIONAL ASSOCIATION, as Resigning Trustee
		
	By	 	 /s/ Margaret M. Muir

	Name:	 	Margaret M. Muir
	Title:	 	Vice President
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Successor Trustee
		
	By	 	 /s/ Martin Reed

	Name:	 	Martin Reed
	Title:	 	Vice President

 EXHIBIT A 
 Notice to Holders of Chiquita Brands International, Inc. (the “Company”) 4.25 % Convertible Senior Notes due 2016 (the “Securities”): 
 We hereby notify you of the resignation of LaSalle Bank, National Association as Trustee under the Indenture, dated as of February 1, 2008 (as
supplemented, the “Indenture”), pursuant to which your Securities were issued and are outstanding. 
 The Company has appointed Wells Fargo Bank, National Association, whose corporate trust office is
located at 45 Broadway, 14th floor, New York, New York 10006, as successor Trustee under the Indenture, which appointment has been accepted and has
become effective. 
  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as successor Trustee
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Date: January     , 2008Employment Agreement--Michel Loeb

 EXHIBIT 10.43 
 Employment Agreement 
 dated as of 24 October, 2008 
 by and between 
 Chiquita Brands
International Sàrl 
 (hereinafter the Company) 
 and 
 Michel Loeb 
 (hereinafter the Employee)

 It is agreed: 
 Definitions 
 In this Agreement: 
  

	 	•	 	 Group means the group of companies and any of these companies separately that are part of the same financial-economic group as the Company;

  

	 	•	 	 CBII means Chiquita Brands International, Inc. 

  

	 	•	 	 Undertaking means the undertaking that the Company exploits; 

  

	 	•	 	 Information means commercial, technical, strategic, or financial data, concerning CBII, the Company or the Group, or business partners or employees of either
or both, which the Employee has obtained during his employment with the Company, irrespective of the form of data (oral, electronic, hard copy etc.); 

  

	 	•	 	 Confidential Information means all information except information which the Employee can prove was already made public by CBII, the Company or the Group.

 Article 1—Appointment 
 The Company will employ the Employee and the Employee will serve the Company for an indefinite period as President, Chiquita Fresh Europe and Middle East (job category EX) on the terms set out in this Agreement. This
appointment takes effect as of the date hereof or any date later conditional upon having a valid work permit. The Employee will report to the Chairman & CEO of CBII. 
 The Company may assign to the Employee tasks, duties and missions different from those which the Employee is hired to carry out. Any such new assignment
does not constitute a breach of contract to the extent that it is commensurate with the Employee's qualifications and does not adversely affect his remuneration package. 
 Article 2—Place of performance 
 The Employee will exercise his functions in Switzerland. The
exact place of performance is not a specified essential of this Agreement. 

 Where appropriate for the Employee's duties and responsibilities, the Company may require the Employee to
undertake national and international travel. 
 The Employee expressly agrees to such transfer and travel. 
 Article 3—Working hours 
 The
Employee has a position of management in the Company so that the provisions on limitation of working time do not apply. 
 Any additional
work and overtime is already included in the Employee’s salary and will not be remunerated or compensated separately. 
 Article
4—Credited years of service 
 The Employee has been in employment with the Group since January 1, 2004. This time shall be
considered with respect to the Employee's claims and entitlements which depend on his years of service. 
 Article 5—General duties of
the Employee 
 The Employee must promote the interests of the Company, the Group and CBII at all times. 
 The Employee must perform all duties and exercise all powers that the Company may assign to or vest in him. 
 In carrying out his assignments, the Employee will always show the care and concern of a prudent businessman in the performance of same. 
 The Employee must give the Company and CBII all information regarding the Company's and CBII’s business that they require and must comply with all
instructions from the Company and CBII. 
 Article 6—Compensation 
 §1 Salary 
 The Company must pay the Employee a gross salary of CHF 37,759 per month,
payable in 13 monthly instalments. The Employee's monthly salary will be processed by a payroll provider as appointed by the Company. 

 §2 Relocation; Claw back clause 
 The Employee shall receive a relocation allowance of one month’s salary and spousal assistance
as per the Company’s relocation policy. The relocation allowance is conditional upon the Employee being in active service with the Company under this Agreement for two full years from the date of this Agreement. If the Employee's active service
with the Company ends voluntarily prior to the seven month anniversary of the date of this Agreement, the full relocation allowance must be repaid to the Company. If the Employee's active service with the Company ends voluntarily following the seven
month anniversary of the date of this Agreement but prior to the second anniversary of the date of this Agreement, the Employee shall repay to the Company 1/24th of the relocation allowance for each month by which the termination precedes such two year anniversary. 
 §3
Housing allowance 
 The Employee shall receive a net housing allowance of up to CHF 26,415 on a yearly basis. The net housing allowance
will be phased out over a consecutive period of 4 years commencing on the date hereof (100% of CHF 26,415 in year 1—75% of such amount in year 2—50% of such amount in year 3—25% of such amount in year 4) and the applicable amount will
be paid in 12 monthly installments. In case the Employee purchases a dwelling in Switzerland, the Company will allow the Employee to receive the remaining part of such housing allowance as from the moment of purchase of the dwelling until
the expiration of the 4 year period of entitlement to a housing allowance. In case the Employee leaves the Company on his own decision, or is dismissed for important reasons pursuant to article 337 CO, the Employee shall reimburse 1/48 of
the 4 year net allowance for each month by which the termination of employment precedes the expiration of the 4 year eligibility period. 
 §4
Payment 
 The salary, housing allowance and the end-of-year bonus will be paid into the Employee’s account, details of which shall
be provided to the Company by Employee, net, after deduction of the social security contributions, appropriate taxes (if applicable) and any other applicable approved deductions. 
 Article 7—Management Incentive Plan 
 The Employee takes part in the
Management Incentive Plan (MIP), to the extent that Employee complies with the conditions of the MIP, as determined by CBII. Any bonus allocated under the MIP is absolutely discretionary and subject to the 

 
conditions set forth in the MIP. The Employee acknowledges that eligibility to take part in the MIP is no guarantee of receipt of a bonus and that the
receipt of a bonus for a given year does not automatically ensure any future bonus under the MIP. 
 At any time, CBII may, without prior
notification to or consent of the Employee, amend, revise or terminate the MIP. 
 Article 8—Long Term Incentive Program

 The Employee takes part in a renewable three year incentive programme in accordance with the conditions set out in the Long Term
Incentive Program (LTIP), as determined by CBII. 
 Any award allocated under the LTIP is absolutely discretionary and subject to the
conditions set forth in the LTIP. The Employee acknowledges that eligibility to participate in the LTIP is no guarantee of receipt of an award and that the receipt of an award for a given performance period does not automatically ensure future
awards or eligibility for continued or future participation under the LTIP. 
 At any time, CBII may, without prior notification to or
consent of the Employee, amend, revise or terminate the LTIP. 
 Article 9—Stock Award 
 The Employee is eligible to earn awards under the Chiquita Stock and Incentive Plan (“Stock Plan”) in accordance with his job level and the
CBII policy. Eligibility for awards is based on the following criteria, as they are evaluated by CBII: CBII’s and the Group's financial performance, consistency of superior individual performance (including results, skills, and behaviour) and
potential. 
 In case the employment contract should be terminated, voluntarily or involuntarily, any then unvested awards will be forfeited,
except as may be otherwise provided in the Executive Officer Severance Pay Plan (EOSPP). 
 At any time, CBII may, without prior
notification to or consent of the Employee, amend, revise or terminate the Stock Plan. 

 Article 10—Company car 
 The Company must make available to the Employee a company car according to the provisions of the European and Swiss car policy, for carrying out his
professional activities. All car-related expenses will be paid by the Company, except fuel during vacation periods. 
 The Employee must use
the company car with due diligence, in accordance with the car policy. The Employee acknowledges having received a copy of the car policy, having examined its content, and agrees to comply with it. 
 The Employee may use the company car for private purposes, in accordance with the terms of the car policy. 
 Any benefits in kind must be declared and reported on the Employee's salary certificate. 
 Article 11—Pension scheme 
 The Employee will be affiliated to the pension
fund applicable for the Swiss employees as per Company policy outlined in the Employee benefit booklet, receipt of which by Employee is hereby acknowledged. 
 Article 12—Medical Plan 
 The Employee is also eligible for a medical allowance as per Company
policy outlined in the Employee benefit booklet. 
 Article 13—Expense Regulation 
 The Company will reimburse the Employee for all reasonable expenses incurred by the Employee in the performance of his duties under this Agreement in
accordance with the Company's Expense Regulation. 
 Article 14—Generosities 
 §1 Definitions 
 In this article the term
"Generosity" means any advantage to which the Employee has no right at law or under this Agreement. 

 §2 Adjudication and withdrawal 
 On the conditions fixed by the Company, the Company may award a Generosity to the Employee. The Company may also withdraw a Generosity, with no obligation to explain why to the Employee. The Company may unilaterally
withdraw or change the conditions for a Generosity that it itself defined. The Employee recognises the Company's autonomy in this matter. 
 The Employee has no right to a Generosity. By this Agreement, the parties expressly exclude 'custom' as the source of any right to a Generosity. 
 The Employee may not claim any proportional right to a Generosity if his employment is terminated. 
 Article 15—Vacation and holidays 
 The Employee is entitled to 25 holidays per year. 
 The holidays must in principle be taken during the calendar year of the entitlement. A maximum of five days can be transferred to the next calendar year.
The Employee may only take vacation leave at times agreed in advance with the Company. 
 Article 16—Sickness and injury

 The Employee must inform the Company as soon as possible of his incapacity, but no later than within one day, to enable the Company to
take the necessary steps to ensure the continuity of business. The Employee is required to provide a medical certificate as of the second day of continuing absence. 
 The Employer commits himself to continue to pay the salary during incapacity to work for a period up to 3 months. The Employer’s obligation to continue to pay the salary in case of sickness shall be replaced by
short term disability insurance after the 3rd month of incapacity. The insurance contract sets forth the terms & conditions. 
 Article 17—Exclusivity clause 
 The Employee acknowledges and accepts that his duties and responsibilities demand, and
his remuneration was fixed so, that the Employee devotes his full working time and ability to the Company's business. 

 CBII must consent in advance if the Employee wishes to undertake any other professional activity. CBII
may refuse its consent without giving reasons, or may subject its consent to certain conditions. 
 This consent is required for any
professional activity, whether paid or not, that: 
  

	 	(a)	the Employee carries out directly as a self-employed person or as an employee, officer or representative of a company or unincorporated association; or 

  

	 	(b)	a company or unincorporated association that is under the Employee's control carries out. 

 CBII is aware that the Employee is Director of EMC2 Management SPRL. The Employee commits himself to not exercise any activity which is contradictory to
(i) the interest of CBII, the Company or any other companies of the Group or (ii) the articles of this Agreement. 
 Article
18—Confidential information 
 During the term of this Agreement, the Employee shall not: 
  

	 	•	 	 disclose to any person any Confidential Information 

  

	 	•	 	 use any Confidential Information for his own purposes (whether for financial gain or not) or for the purposes of any other person (whether for financial gain or
not). 

 At any time after this Agreement ends, the Employee must: 
  

	 	•	 	 not disclose Confidential Information to any person; 

  

	 	•	 	 not use any Confidential Information for his own purposes (whether for financial gain or not) or for the purposes of any other person (whether for financial gain or
not); 

  

	 	•	 	 spontaneously, or at the latest at the first request of CBII, the Company or the companies of the Group, return all Confidential Information to CBII, the Company or
the associated companies, irrespective of how the Confidential Information is stored; 

  

	 	•	 	 inform his new employer or customer of this obligation. 

 Article 19—Transfer of Intellectual Property 
 The rights to inventions and designs made or conceived by the Employee individually or jointly while performing his employment activity and in
performance of his contractual duties belong to the Company regardless of whether they are legally protected (article 332 para. 1 CO). The rights to inventions and designs, made or conceived by the Employee while performing his employment activity,
but not during the performance of his contractual duties, shall be disclosed by him to the Company in accordance with article 332 para. 2 CO in writing and shall be offered for acquisition against reasonable compensation regardless of whether they
are legally protected. 
 Other rights to any work products and any know-how, which the Employee creates or in which creation he participates
while performing his employment activity belong exclusively to the Company. To the extent that work products (e.g., software, reports, documentations) are protected by copyrights, the Employee hereby assigns to the Company any and all rights related
to such work products, particularly the copyright and any and all rights of use, including the rights of production and duplication, of publishing, to use, to license or to sell, to distribute over data or online media, to modify and develop further
as well to develop new products on the basis of the work product of the Employee or on the basis of parts of such work product. 
 The
Company is not obligated to exercise its rights set forth in the preceding paragraphs. The Employee waives the right to be named as author or inventor. The Company is entitled to designate itself as the exclusive owner of the patent rights,
copyrights and other rights related to the work products. 
 Article 20—Gratuities 
 The Employee may not directly or indirectly accept any commission, rebate or gratuity, in cash or in kind, from any person who has or is likely to have a
business relationship with the Company or any other Group company except for the usual gifts of minimal value. 
 Article
21—Termination of the Agreement 
 §1 Ordinary termination 
 Either party may terminate their employment contract by giving 6 month prior written notice as at the end of a calendar month. 

 §2 Executive Officer Severance Pay Plan 
 The Employee takes part in the Executive Officer Severance Pay Plan (EOSPP) in accordance with the conditions set out therein. Any award allocated
under the EOSPP is absolutely discretionary and subject to the conditions set forth in the EOSPP. The Employee notes that eligibility to take part in the EOSPP is no guarantee of receipt of an award. 
 The Employee acknowledges that he will in any event only receive either the EOSPP award or any entitlement under this Employment Agreement (including the
pro rata bonus payment under the MIP in accordance with the Addendum to article 7), whichever is greater in amount. 
 At any time CBII may,
without prior notification to or consent of the Employee, amend, revise or terminate the EOSPP 
 Article 22—Return of Company
property 
 Upon request of the Company, but in any case when this Agreement ends, for any reason, the Employee must immediately:

  

	 	•	 	 return to the Company all business cards and credit cards issued to him by the Company or by any other Group company; 

  

	 	•	 	 return to the Company without retaining any copies, all documents in his possession relating to CBII, the Company or to any other Group company, keys to the Company
premises, the company car, and all other property, materials and equipment in his possession belonging to CBII, the Company or any other Group company. 

 Any arrangement or agreement between the parties about terminating this Agreement must be treated as Confidential Information, and the confidentiality clauses in this Agreement shall therefore apply. 
 Article 23—Unfair competition 
 The Employee recognizes and understands that he may not disclose, even after termination of his employment, any invention, and business secret or secret concerning a personal or confidential matter, which he has obtained during his
employment with the Company. 

 The Employee recognizes that he may not engage or co-operate in any unfair competition. The following
acts are examples of unfair competition: 
  

	 	•	 	 use of information, processes, client lists or supplier lists of CBII, the Company or any other Group company which have come to his knowledge while performing or
in connection with his duties, in his own interest or in the interest of any other business; 

  

	 	•	 	 use of the name or logo of CBII, the Company or any other Group company in his own interest or in the interest of any other business; 

 

	 	•	 	 an act which could confuse CBII’s or the Company's clients about CBII, the Company or the business for which the Employee is acting;

  

	 	•	 	 an attempt to induce or encourage an employee of CBII, the Company or of another Group company to leave CBII, the Company or the Group company.

 Article 24—Non-solicitation 
 During his employment with the Company and for a period of one year after the termination of his employment with the Company, for any reason, voluntary or involuntary, the Employee will not, without the written
consent of CBII, directly or indirectly solicit, entice, persuade or induce: 
  

	 	•	 	 any person or entity which has a business relationship with CBII or the Company to direct or transfer away any business, customers or source of income from CBII,
the Company or the Group; or 

  

	 	•	 	 any person to exit CBII, the Company or the Group (excluding persons being employed in an administrative, non-professional or non-management function).

 Article 25—Special Non-Competition Clause 
 §1 Background 
 The Company has: 
  

	 	•	 	 an international scope of activities; or 

	 	•	 	 important economic, technical or financial interests in international markets; or 

  

	 	•	 	 its own research department or a department that creates original industrial models. 

 During his employment with the Company, the Employee will be involved in the international management of CBII and the Company. As a result, he will
acquire exceptional experience in knowledge of and insight into CBII’s and the Company's international administrative and financial management, the use of which outside the business would seriously damage CBII and/or the Company. 
 §2 Subject 
 Therefore, in consideration of his
Employment of the Company and his eligibility to receive payments from the Company hereunder or otherwise (including, but not limited to the Stock Plan), if this Agreement ends for any reason, voluntary or involuntary, the Employee shall not,
without the written consent of the Company, directly or indirectly, whether as an employee, officer, director, partner, joint venturer, consultant, independent contractor, agent, representative, shareholder (other than as a holder of less than five
percent (5%) of any class of publicly traded securities of any such Competing Business) or in any other capacity, engage in any activity that competes with CBII or any subsidiary in Switzerland and the members of the European Community.

 This covenant is limited to 12 months from the date of Employee’s termination of employment CBII or any of its subsidiaries,
including the Company. 
 §3 Conditions for enforcement 
 This covenant will however have no effect if the Employee terminates the employment contract because of the Company's serious misconduct. 
 §4 Waiver 
 Within 15 days after terminating this Agreement, the Company may waive its rights
under this clause for any reason at its own discretion. The waiver must be in writing. 
 In the absence of such a waiver, in consideration
for this covenant, the Employee expressly acknowledges that the value realized from any awards of stock granted 

 
by CBII or the Company pursuant to Article 9 of this contract will be used to satisfy the Company’s obligations under Article 25 §4. 
 Article 26—Sanctions 
 In case of
a breach of any of the undertakings in Articles 18 (Confidential Information), 23 (Unfair Competition), 24 (Non-Solicitation) and 25 (Special Non-competition Clause), the Employee shall pay to the Company liquidated damages in an amount equal to six
months' salary per case and event. In addition, the Employee shall have to compensate the Company for any further damages and financial losses directly arising out of or relating to such breach. The Company may request the Employee to cease such
breach and may seek court order, including interim orders, prohibiting such breaches. 
 Article 27—Work Rules | Code of Conduct |
Relocation Policy 
 The Employee acknowledges having received copies of the Work Rules, Code of Conduct and of the Relocation Policy.

 Article 28—RSU Tax Filing Costs 
 The Company shall compensate the Employee for reasonable out-of-pocket costs of obtaining professional service for preparing the Employee’s personal income tax filings with regard to any Restricted Stock Units
(RSUs) awarded to Employee by the Company; costs for all other aspects of Employee’s tax filings shall be borne by the Employee. The Company’s obligations as provided in this Article 28 shall be limited to personal income tax filings for
the year 2008, and through and including (i) the year 2012 or (ii) the year in which the RSUs become fully taxable in Switzerland, whichever event occurs earlier. 
 Article 29—Applicable Law 
 This Agreement shall be governed by and
construed in accordance with Swiss law. 
 Article 30—General 
 This Agreement constitutes the whole agreement between the Employee and the Company and replaces any previous agreement, arrangement or correspondence

 
on the subject matter of this Agreement with the Company or any Group company. 
 Any provision of this Agreement that is determined to be prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective only to the extent of such prohibition or unenforceability and
without invalidating the remaining provisions hereof. 
 This Agreement was signed in 3 counterparts, any one of which shall constitute a
valid original. 
 By signing this Agreement, each party acknowledges having received one original. 
  

									
		 	The Employee	 		 	For the Company
					
		 	/s/Michel Loeb	 		 	By:	 	/s/ Michael B. Sims
		 		 		 		 	Michael B. Sims
		 		 		 	Its:	 	Director

  

 Addendum to employment agreement 
 between Chiquita Brands International 
 sarl and Michel Loeb dd. 24/10/2008 

 Addendum to article 7—the Management Incentive Plan 
 Employee takes part in the Management Incentive Plan (MIP), to the extent that Employee complies with the conditions of the MIP, as determined by CBII.
The current bonus target is 70% of the annual base salary pursuant to Article 6 § 1 of the Employment Agreement and is dependent on the work performed by the Employee and the results of CBII. 
 The Employee is entitled to a pro rata temporis allocation of said bonus, if the Employee is no longer employed by the Company on the normal date of
payment of this bonus, unless he terminates his employment relationship voluntarily, without the Company giving him valid cause to do so, or unless he is terminated due to a violation of his duties as an Employee. Consequently, the Employee will
receive a bonus that reflects his participation in the MIP during the year of his departure to the extent that the Employee should have a right to a bonus in accordance with the conditions of the MIP. The preceding is subject to the provisions of
the Executive Officer Severance Pay Plan, which shall govern to the extent that it provides a more favourable treatment to the Employee. 
 Any bonus allocated under the MIP is absolutely discretionary and subject to the conditions set forth in the MIP. The Employee notes that eligibility to take part in the MIP is no guarantee of receipt of a bonus and that the receipt of a
bonus for a given year does not automatically ensure any future bonus under the MIP. 
 At any time, CBII may, without prior notification to
or consent of the Employee, amend, revise or terminate the MIP. 
 SO AGREED on the date set forth below, next to the participant's
signature. 
  

			
		
	Place, date	 	Rolle, Nov. 4th 2008
		
	Participant's signature	 	/s/Michel Loeb

 Addendum to employment agreement 
 between Chiquita Brands International 
 sarl and Michel Loeb dd. 24/10/2008 

 Addendum to article 8—the Long Term Incentive Program 
 The Employee takes part in a renewable three year incentive programme in accordance with the conditions set out in the Long Term Incentive Program
(LTIP), as determined by CBII. 
 If the Employee is no longer employed by the Company on the normal date an award is granted he is not
eligible to receive an award, unless the Compensation and Organization Development Committee of the Board of Directors of Chiquita Brands International, Inc., in its complete discretion, chooses to grant him an award. 
 Any award allocated under the LTIP is absolutely discretionary and subject to the conditions set forth in the LTIP. The Employee notes that eligibility
to take part in the LTIP is no guarantee of receipt of an award, and that the receipt of an award for a given performance period does not automatically ensure future awards or eligibility for continued or future participation under the LTIP.

 At any time, CBII may, without prior notification to or consent of the Employee, amend, revise or terminate the LTIP. 
 SO AGREED on the date set forth below, next to the participant's signature. 
  

			
		
	Place, date	 	Rolle, Nov. 4th 2008
		
	Participant's signature	 	/s/Michel Loeb

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