Document:

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                                                                   EXHIBIT 10.13

                            WEST POINTE BANCORP, INC.
                                       AND
                       WEST POINTE BANK AND TRUST COMPANY
                          SALARY CONTINUATION AGREEMENT

      THIS AGREEMENT is made as of the 1st day of January, 2003, by and between
WEST POINTE BANCORP, INC. and WEST POINTE BANK AND TRUST COMPANY, a holding
company and a state commercial bank, located in Belleville, Illinois (the
"Company") and Albert A. Miller (the "Executive").

                                  INTRODUCTION

      To encourage the Executive to remain an employee of the Company, the
Company is willing to provide salary continuation benefits to the Executive. The
Company will pay the benefits from its general assets.

                                    AGREEMENT

      The Executive and the Company agree as follows:

                                    ARTICLE 1

                                   DEFINITIONS

      1.1 Definitions. Whenever used in this Agreement, the following words and
phrases shall have the meanings specified:

            1.1.1 "Change of Control" means:

                  (a)   The consummation by either West Pointe Bancorp, Inc. or
                        West Pointe Bank and Trust Company of a merger,
                        consolidation or other reorganization if the percentage
                        of the voting common stock of the surviving or resulting
                        entity held or received by all persons who were owners
                        of common stock of West Pointe Bancorp, Inc.

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                        or West Pointe Bank and Trust Company, whichever is
                        applicable, immediately prior to such merger,
                        consolidation or reorganization is less than 50.1% of
                        the total voting common stock of the surviving or
                        resulting entity outstanding immediately after such
                        merger, consolidation or reorganization and after giving
                        effect to any additional issuance of voting common stock
                        contemplated by the plan for such merger, consolidation
                        or reorganization;

                  (b)   At any time during a period of two consecutive years,
                        individuals who at the beginning of such period
                        constituted the Board of Directors of either West Pointe
                        Bancorp, Inc. or West Pointe Bank and Trust Company
                        shall cease for any reason to constitute at least a
                        majority thereof, unless the election or the nomination
                        for election by West Pointe Bancorp, Inc.'s or West
                        Pointe Bank and Trust Company's shareholders, whichever
                        is applicable, of each new director during such two year
                        period was approved by a vote of at least two-thirds of
                        the directors of such entity then still in office who
                        were directors at the beginning of such two year period;

                  (c)   The sale, lease, exchange or other transfer of all or
                        substantially all of the assets (in one transaction or
                        in a series of related transactions) of either West
                        Pointe Bancorp, Inc. or West Pointe Bank and Trust
                        Company to another corporation or entity that is not
                        owned, directly or indirectly, by either West Pointe
                        Bancorp, Inc. or West Pointe Bank and Trust Company.
                        "Substantially all"

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                        shall mean a sale, lease, exchange or other transfer
                        involving seventy percent (70%) or more of the fair
                        market value of the assets of such entity; or

                  (d)   The liquidation or dissolution of either West Pointe
                        Bancorp, Inc. or West Pointe Bank and Trust Company;

      Followed within twelve (12) months by the Executive's Termination of
Employment for reasons other than death, Disability or retirement.

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

            1.1.3 "Disability" means the Executive's suffering a sickness,
      accident or injury which has been determined by the carrier of any
      individual or group disability insurance policy covering the Executive, or
      by the Social Security Administration, to be a disability rendering the
      Executive totally and permanently disabled. The Executive must submit
      proof to the Company of the carrier's or Social Security Administration's
      determination upon the request of the Company.

            1.1.4 "Early Termination" means the Termination of Employment before
      Normal Retirement Age for reasons other than death, Disability,
      Termination for Cause or following a Change of Control.

            1.1.5 "Early Termination Date" means the month, day and year in
      which Early Termination occurs.

            1.1.6 "Effective Date" means January 1, 2003.

            1.1.7 "Normal Retirement Age" means the Executive's 69th birthday.

            1.1.8 "Normal Retirement Date" means the later of the Normal
      Retirement Age or Termination of Employment.

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            1.1.9 "Plan Year" means a twelve month period commencing on January
      1 and ending on December 31 of each year. The initial Plan Year shall
      commence on the effective date of this Agreement.

            1.1.10 "Termination for Cause" See Section 5.2.

            1.1.11 "Termination of Employment" means that the Executive ceases
      to be employed by the Company for any reason whatsoever other than by
      reason of a leave of absence which is approved by the Company. For
      purposes of this Agreement, if there is a dispute over the employment
      status of the Executive or the date of the Executive's Termination of
      Employment, the Company shall have the sole and absolute right to decide
      the dispute.

                                   ARTICLE 2

                          SALARY CONTINUATION BENEFITS

      2.1 Normal Retirement Benefit. Upon Termination of Employment on or after
the Normal Retirement Age for reasons other than death, the Company shall pay to
the Executive the benefit described in this Section 2.1 in lieu of any other
benefit under this Agreement.

            2.1.1 Amount of Benefit. The annual benefit under this Section 2.1
      is twenty two thousand nine hundred sixty six dollars ($22,966). The
      Company's Board of Directors, in its sole discretion, may increase the
      annual benefit under this Section 2.1.1; however, any increase shall
      require the recalculation of Schedule A.

            2.1.2 Payment of Benefit. The Company shall pay the benefit to the
      Executive in 12 equal monthly installments on the first day of each month
      commencing with the month following the Executive's Normal Retirement Date
      and continuing until a total of

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      179 additional monthly payments have been made to the Executive or to the
      Executive's beneficiary.

            2.1.3 Benefit Increases. Commencing on the first anniversary of the
      first benefit payment, and continuing on each subsequent anniversary, the
      Company's Board of Directors, in its sole discretion, may increase the
      benefit.

      2.2 Early Termination Benefit. Upon Early Termination, the Company shall
pay to the Executive the benefit described in this Section 2.2 in lieu of any
other benefit under this Agreement.

            2.2.1 Amount of Benefit. The benefit under this Section 2.2 is the
      Early Termination Annual Benefit amount set forth in Schedule A for the
      Plan Year ending immediately prior to the Early Termination Date,
      determined by vesting the Executive in 20 percent of the Accrual Balance
      set forth in Schedule A for the sixth Plan Year, and an additional 20
      percent of said amount for each succeeding year thereafter until the
      Executive becomes 100 percent vested in the accrual balance. The benefit
      is determined by calculating a 15-year fixed annuity from the Accrual
      Balance, crediting interest on the unpaid balance at an annual rate of 7.5
      percent, compounded monthly. However, any increase in the annual benefit
      under Section 2.1.1 shall require the recalculation of the Early
      Termination benefit on Schedule A.

            2.2.2 Payment of Benefit. The Company shall pay the annual benefit
      to the Executive in 12 equal monthly installments payable on the first day
      of each month commencing with the month following the Termination of
      Employment and continuing for 179 additional months.

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            2.2.3 Benefit Increases. Benefit payments may be increased as
      provided in Section 2.1.3.

      2.3 Disability Benefit. If the Executive terminates employment due to
Disability prior to Normal Retirement Age, the Company shall pay to the
Executive the benefit described in this Section 2.3 in lieu of any other benefit
under this Agreement.

            2.3.1 Amount of Benefit. The benefit under this Section 2.3 is the
      Disability Annual Benefit amount set forth in Schedule A for the Plan Year
      ending immediately prior to the date in which the Termination of
      Employment occurs, determined by vesting the Executive in 20 percent of
      the Accrual Balance set forth in Schedule A for the sixth Plan Year, and
      an additional 20 percent of said amount for each succeeding year
      thereafter until the Executive becomes 100 percent vested in the accrual
      balance. The benefit is determined by calculating a 15-year fixed annuity
      from the Accrual Balance, crediting interest on the unpaid balance at an
      annual rate of 7.5 percent, compounded monthly. However, any increase in
      the annual benefit under Section 2.1.1 shall require the recalculation of
      the Early Termination benefit on Schedule A.

            2.3.2 Payment of Benefit. The Company shall pay the annual benefit
      amount to the Executive in 12 equal monthly installments payable on the
      first day of each month commencing with the month following the
      Termination of Employment and continuing for 179 additional months.

            2.3.3 Benefit Increases. Benefit payments may be increased as
      provided in Section 2.1.3.

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      2.4 Change of Control Benefit. Upon a Change of Control, the Company shall
pay to the Executive the benefit described in this Section 2.4 in lieu of any
other benefit under this Agreement.

            2.4.1 Amount of Benefit. The annual benefit under this Section 2.4
      is the Normal Retirement Benefit amount described in Section 2.1.1. The
      Executive shall be 100 percent vested in this benefit. However, any
      increase in the annual benefit under Section 2.1.1 would require the
      recalculation of the Change of Control benefit on Schedule A.

            2.4.2 Payment of Benefit. The Company shall pay the annual benefit
      amount to the Executive in 12 equal monthly installments payable on the
      first day of each month commencing with the month following the Normal
      Retirement Age and continuing for 179 additional months.

            2.4.3 Benefit Increases. Benefit payments may be increased as
      provided in Section 2.1.3.

                                   ARTICLE 3

                                 DEATH BENEFITS

      3.1 Death During Active Service. If the Executive dies while in the active
service of the Company, the Company shall pay to the Executive's beneficiary the
benefit described in this Section 3.1. This benefit shall be paid in lieu of the
Salary Continuation Benefits of Article 2.

            3.1.1 Amount of Benefit. The annual benefit under this Section 3.1
      is the Accrual Balance set forth in Schedule A for the Plan Year
      immediately prior to the death of the Executive.

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            3.1.2 Payment of Benefit. The Company shall pay the benefit to the
      Executive's beneficiary in a lump sum within 60 days of the death of the
      Executive.

      3.2 Death During Benefit Period. If the Executive dies after the benefit
payments have commenced under this Agreement but before receiving all such
payments, the Company shall pay the remaining benefits to the Executive's
beneficiary at the same time and in the same amounts they would have been paid
to the Executive had the Executive survived.

      3.3 Death Following Termination of Employment But Before Benefits
Commence. If the Executive is entitled to benefits under this Agreement, but
dies prior to receiving said benefits, the Company shall pay to the Executive's
beneficiary the same benefits, in the same manner, they would have been paid to
the Executive had the Executive survived, however, said benefit payments will
commence upon the Executive's death.

                                    ARTICLE 4

                                  BENEFICIARIES

      4.1 Beneficiary Designations. The Executive shall designate a beneficiary
by filing a written designation with the Company. The Executive may revoke or
modify the designation at any time by filing a new designation. However,
designations will only be effective if signed by the Executive and accepted by
the Company during the Executive's lifetime. The Executive's beneficiary
designation shall be deemed automatically revoked if the beneficiary predeceases
the Executive, or if the Executive names a spouse as beneficiary and the
marriage is subsequently dissolved. If the Executive dies without a valid
beneficiary designation, all payments shall be made to the Executive's estate.

      4.2 Facility of Payment. If a benefit is payable to a minor, to a person
declared incapacitated, or to a person incapable of handling the disposition of
his or her property, the

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Company may pay such benefit to the guardian, legal representative or person
having the care or custody of such minor, incapacitated person or incapable
person. The Company may require proof of incapacity, minority or guardianship as
it may deem appropriate prior to distribution of the benefit. Such distribution
shall completely discharge the Company from all liability with respect to such
benefit.

                                    ARTICLE 5

                               GENERAL LIMITATIONS

      5.1 Excess Parachute Payment. Notwithstanding any provision of this
Agreement to the contrary, if the benefits otherwise payable under this
Agreement would cause an excise tax to be payable under the excess parachute
rules of Section 280G of the Code, such benefits shall be cut back to the
minimum extent necessary so that no such excise tax will be payable.

      5.2 Termination for Cause. Notwithstanding any provision of this Agreement
to the contrary, the Company shall not pay any benefit under this Agreement if
the Company terminates the Executive's employment for:

            5.2.1 Gross negligence or gross neglect of duties;

            5.2.2 Commission of a felony or of a gross misdemeanor involving
      moral turpitude; or

            5.2.3 Fraud, disloyalty, dishonesty or willful violation of any law
      or significant Company policy committed in connection with the Executive's
      employment and resulting in an adverse effect on the Company.

      5.3 Competition After Termination of Employment. The Company shall not pay
any benefit under this Agreement if, during the three year period commencing on
the date of the Executive's Termination of Employment, the Executive, without
the prior written consent of the

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Company, engages in, becomes interested in, directly or indirectly, as a sole
proprietor, as a 10% partner in a partnership, or as a 10% shareholder in a
corporation, or becomes associated with, in the capacity of employee, director,
officer, principal, agent, trustee or in any other capacity whatsoever, any
enterprise conducted in the trading area (a 10 mile radius) of the principal
place of business of the Company, which enterprise is, or may be deemed to be
competitive with any business carried on by the Company as of the date of
termination of the Executive's employment or retirement. This section shall not
apply following a Change of Control. This section shall not require the
Executive to repay any benefits previously received under this Agreement.

      5.4 Suicide or Misstatement. No benefits shall be payable if the Executive
commits suicide within two years after the date of this Agreement, or if the
Executive has made any material misstatement of fact on any application for life
insurance purchased by the Company.

                                   ARTICLE 6

                          CLAIMS AND REVIEW PROCEDURES

      6.1 Claims Procedure. A Participant or beneficiary ("claimant") who has
not received benefits under the Plan that he or she believes should be paid
shall make a claim for such benefits as follows:

            6.1.1 Initiation - Written Claim. The claimant initiates a claim by
      submitting to the Company a written claim for the benefits.

            6.1.2 Timing of Company Response. The Company shall respond to such
      claimant within 90 days after receiving the claim. If the Company
      determines that special circumstances require additional time for
      processing the claim, the Company can extend the response period by an
      additional 90 days by notifying the claimant in writing, prior to the end
      of the initial 90-day period, that an additional period is required. The

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      notice of extension must set forth the special circumstances and the date
      by which the Company expects to render its decision.

            6.1.3 Notice of Decision. If the Company denies part or all of the
      claim, the Company shall notify the claimant in writing of such denial.
      The Company shall write the notification in a manner calculated to be
      understood by the claimant. The notification shall set forth:

                        6.1.3.1 The specific reasons for the denial.

                        6.1.3.2 A reference to the specific provisions of the
                                Plan on which the denial is based.

                        6.1.3.3 A description of any additional information or
                                material necessary for the claimant to perfect
                                the claim and an explanation of why it is
                                needed.

                        6.1.3.4 An explanation of the Plan's review procedures
                                and the time limits applicable to such
                                procedures, and

                        6.1.3.5 A statement of the claimant's right to bring a
                                civil action under ERISA Section 502 (a)
                                following an adverse benefit determination on
                                review.

      6.2 Review Procedure. If the Company denies part or all of the claim, the
claimant shall have the opportunity for a full and fair review by the Company of
the denial, as follows:

            6.2.1 Initiation - Written Request. To initiate the review, the
      claimant, within 60 days after receiving the Company's notice of denial,
      must file with the Company a written request for review.

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            6.2.2 Additional Submissions - Information Access. The claimant
      shall then have the opportunity to submit written comments, documents,
      records and other information relating to the claim. The Company shall
      also provide the claimant, upon request and free of charge, reasonable
      access to, and copies of, all documents, records and other information
      relevant (as defined in applicable ERISA regulations) to the claimant's
      claim for benefits.

            6.2.3 Considerations on Review. In considering the review, the
      Company shall take into account all materials and information the claimant
      submits relating to the claim, without regard to whether such information
      was submitted or considered, in the initial benefit determination.

            6.2.4 Timing of Company Response. The Company shall respond in
      writing to such claimant within 60 days after receiving the request for
      review. If the Company determines that special circumstances require
      additional time for processing the claim, the Company can extend the
      response period by an additional 60 days by notifying the claimant in
      writing, prior to the end of the initial 60 day period that an additional
      period is required. The notice of extension must set forth the special
      circumstances and the date by which the Company expects to render its
      decision.

            6.2.5 Notice of Decision. The Company shall notify the claimant in
      writing of its decision on review. The Company shall write the
      notification in a manner calculated to be understood by the claimant. The
      notification shall set forth:

                        6.2.5.1 The specific reasons for the denial.

                        6.2.5.2 A reference to the specific provisions of the
                                Plan on which the denial is based.

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                        6.2.5.3 A statement that the claimant is entitled to
                                receive, upon request and free of charge,
                                reasonable access to, and copies of, all
                                documents, records and other information (as
                                defined in applicable ERISA regulations) to the
                                claimant's claim for benefits, and

                        6.2.5.4 A statement of the claimant's right to bring a
                                civil action under ERISA Section 502 (a).

                                   ARTICLE 7

                           AMENDMENTS AND TERMINATION

      This Agreement may be amended or terminated only by a written agreement
signed by the Company and the Executive.

                                    ARTICLE 8

                                  MISCELLANEOUS

      8.1 Binding Effect. This Agreement shall bind the Executive and the
Company, and their beneficiaries, survivors, executors, successors,
administrators and transferees.

      8.2 No Guarantee of Employment. This Agreement is not an employment policy
or contract. It does not give the Executive the right to remain an employee of
the Company, nor does it interfere with the Company's right to discharge the
Executive. It also does not require the Executive to remain an employee nor
interfere with the Executive's right to terminate employment at any time.

      8.3 Non-Transferability. Benefits under this Agreement cannot be sold,
transferred, assigned, pledged, attached or encumbered in any manner.

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      8.4 Tax Withholding. The Company shall withhold any taxes that are
required to be withheld from the benefits provided under this Agreement.

      8.5 Applicable Law. This Agreement and all rights hereunder shall be
construed and governed by the laws of the State of Illinois, without regard to
the principles of conflicts of law which might otherwise apply.

      8.6 Unfunded Arrangement. The Executive and beneficiaries are general
unsecured creditors of the Company for the payment of benefits under this
Agreement. The benefits represent the mere promise by the Company to pay such
benefits. The rights to benefits are not subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or
garnishment by creditors. Any insurance on the Executive's life is a general
asset of the Company to which the Executive and beneficiary have no preferred or
secured claim.

      8.7 Entire Agreement. This Agreement constitutes the entire agreement
between the Company and the Executive as to the subject matter hereof. No rights
are granted to the Executive by virtue of this Agreement other than those
specifically set forth herein.

      8.8 Administration. The Company shall have powers which are necessary to
administer this Agreement, including but not limited to:

            8.8.1 Interpreting the provisions of the Agreement;

            8.8.2 Establishing and revising the method of accounting for the
      Agreement;

            8.8.3 Maintaining a record of benefit payments; and

            8.8.4 Establishing rules and prescribing any forms necessary or
      desirable to administer the Agreement.

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      8.9 Designated Fiduciary. For purposes of the Employee Retirement Income
Security Act of 1974, if applicable, the Company shall be the named fiduciary
and plan administrator under the Agreement. The named fiduciary may delegate to
others certain aspects of the management and operation responsibilities of the
plan including the employment of advisors and the delegation of ministerial
duties to qualified individuals.

      IN WITNESS WHEREOF, the Executive and a duly authorized Company officer
have signed this Agreement.

EXECUTIVE:                                COMPANY:

                                          WEST POINTE BANCORP, INC. and
                                          WEST POINTE BANK AND TRUST COMPANY

/s/ Albert A. Miller                      By /s/ Terry W. Schaefer
------------------------------------        ----------------------------------
Albert A. Miller                          Title
                                               -------------------------------

                                       15
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                             BENEFICIARY DESIGNATION

                          WEST POINTE BANCORP, INC. AND
                       WEST POINTE BANK AND TRUST COMPANY
                          SALARY CONTINUATION AGREEMENT

                                ALBERT A. MILLER

I designate the following as beneficiary of any death benefits under the WEST
POINTE BANCORP, INC. and WEST POINTE BANK AND TRUST COMPANY Salary Continuation
Agreement:

Primary:
        ----------------------------------------------------------------------

------------------------------------------------------------------------------

Contingent:
           -------------------------------------------------------------------

------------------------------------------------------------------------------

NOTE: TO NAME A TRUST AS BENEFICIARY, PLEASE PROVIDE THE NAME OF THE TRUSTEE(S)
      AND THE EXACT NAME AND DATE OF THE TRUST AGREEMENT.

I understand that I may change these beneficiary designations by filing a new
written designation with the Company. I further understand that the designations
will be automatically revoked if the beneficiary predeceases me, or, if I have
named my spouse as beneficiary and our marriage is subsequently dissolved.

Signature
         ---------------------------

Date
    --------------------------------

Accepted by the Company this _____ day of _______________, 200__.

By
  ----------------------------------

Title
     -------------------------------

                                       16
<PAGE>

Clark/Bardes Consulting      WEST POINTE BANK & TRUST CO.
                             SCHEDULE A
                             --------------------------------------------------
<TABLE>
<CAPTION>

Albert A. Miller                                    Early Voluntary
DOB: 3/4/1940                                         Termination           Disability        Change of Control      PreRetirement
Effective Date: 1/1/2003                                                                                             Death Benefit
Retirement Age: 69                                     Installment           Installment         Installment           Lump Sum
Payments: Monthly Installments                     Payable Immediately   Payable Immediately    Payable at 69
------------------------------------------------   -------------------  --------------------  -------------------   ---------------
                              Benefit    Accrual             Based On             Based On              Based On        Based On
                               Level     Balance   Vesting    Accrual    Vesting   Accrual    Vesting    Benefit         Accrual
Period                        -------   --------   -------   --------    -------  --------    -------   ---------   ---------------
Ending                  Age      (1)       (2)        (3)        (4)       (5)       (6)         (7)       (8)             (9)
-------------------    ----   -------   --------   -------   --------    -------  --------    -------   ---------   ---------------
<S>                    <C>    <C>       <C>        <C>       <C>         <C>      <C>         <C>       <C>         <C>
Dec 2003(1)             63     22,966     27,533       0%           0         0%        0       100%      22,966           27,533
Dec 2004                64     22,966     57,203       0%           0         0%        0       100%      22,966           57,203
Dec 2005                65     22,966     89,177       0%           0         0%        0       100%      22,966           89,177
Dec 2006                66     22,966    123,633       0%           0         0%        0       100%      22,966          123,633
Dec 2007                67     22,966    160,764       0%           0         0%        0       100%      22,966          160,764

Dec 2008                68     22,966    200,777      20%       4,439        20%     4,439      100%      22,966          200,777
Feb 2009                68     22,966    207,742      20%       4,593        20%     4,593      100%      22,966          207,742
                                                        Srarting 3/1/2009, only interest is accrued.
Mar 2009                69     22,966    207,742     100%      22,966       100%    22,966      100%      22,966          207,742
                                                March 4, 2009 Retirement; April 1, 2009 First Payment Date
</TABLE>

(1) The first line reflects 12 months of data, January 2003 to December 2003.

Salary Continuation Plan for West Point Bank & Trust Co., Belleville, IL
[ILLEGIBLE]

ALBERT A. MILLER

[ILLEGIBLE]<PAGE>
                                                                   EXHIBIT 10.27

                               LAND O'LAKES, INC.
                        RESTATED LONG TERM INCENTIVE PLAN

Land O'Lakes, Inc. (the "Company"), a Minnesota cooperative association, hereby
establishes the Land O'Lakes, Inc. Cooperative Value Incentive Plan (the "Plan")
in order to provide deferred compensation to certain key employees of the
Company effective January 1, 2001. The Company has determined that it is in its
interest to provide certain key employees with financial incentives to reward
the employees for their performance and to encourage long-term commitment to
employment with the Company. These financial incentive awards shall be
determined under the terms of this Plan.

                                    ARTICLE 1
                                   DEFINITIONS

         Section 1.1 Definitions. When used in this document with initial
capital letters, the following terms have the meanings indicated unless a
different meaning is plainly required by the context:

         "Board of Directors" or "Board" means the Board of Directors of the
Company.

         "Deferred Compensation Plan" means the Land O'Lakes, Inc. Non-Qualified
Deferred Compensation Plan.

         "Disability" means a medically determinable physical or mental
condition which is expected to result in death or to be of a long continued and
indefinite duration and which renders a Participant unable to engage in any
employment or occupation for remuneration for which the Participant is
reasonably qualified by reason of the Participant's training, education and
experience. The existence or nonexistence of such Disability shall be
established by the certificate of a medical doctor selected by or satisfactory
to the Company.

         "Economic Commitment" means a Participant's financial stake in the
Company as required under Section 3.6.

         "Executive Committee" means the Executive Committee of the Board, to
which the Board has delegated authority for administration of the Plan.

         "Incentive Award" means an award made by the Company to a Participant
under this Plan as described in Article 3.

         "Option" means an option to purchase Units as described in Section 3.1.

         "Participant" means any employee or individual described in Section
2.1.

         "Participant's Beneficiary" has the meaning set forth in Section 6.3.

         "Plan" means the Land O'Lakes, Inc. Cooperative Value Incentive Plan,
as set forth herein, including any amendments hereto, which is maintained by the
Company primarily for the purpose of providing financial incentives for certain
key employees.

         "Plan Year" means the given fiscal year of the Company for which
Incentive Awards are available. Specific Plan Years shall be designated by the
specific fiscal year in question.

<PAGE>

         "Retirement" means a voluntary termination of employment by a
Participant on or after the date that will enable the Participant to be eligible
to receive an "early" or "normal" retirement benefit under the Company's
Employee Retirement Plan.

         "Strike Price" means the price at which a Unit may be purchased as
provided in Section 3.4.

         "Unit" means a performance unit used to value contributions made, and
benefits received, by Participants under the Plan.

                                    ARTICLE 2
                                  PARTICIPATION

         Section 2.1 Eligibility. The employees of the Company who are eligible
to become Participants in the Plan are the Chief Executive Officer of the
Company, officers of the Company who have attained the level of a Vice President
or above, and any other employees of the Company who are designated by the Chief
Executive Officer as eligible to become Participants in the Plan. Persons who
are residents of California or any other state(s) determined by the Chief
Executive Officer (at his/her sole discretion), will not be eligible to
participate in the Plan.

                                    ARTICLE 3
                           NATURE OF INCENTIVE AWARDS

         Section 3.1 Description of Incentive Awards. Annual Incentive Awards
will be made in the form of an Option (an "Option") to purchase performance
Units ("Units") all as further provided in this Plan. In general, a Participant
will receive an Option to purchase a specified number of Units with respect to a
particular Plan Year. The Executive Committee shall be responsible for
determining the amount of the annual Incentive Award for the Chief Executive
Officer. The Chief Executive Officer shall be responsible for determining the
level and annual Incentive Award for all other Participants (including those new
employees of the Company who become Participants during a Plan Year). In
general, the number of Options available to a Participant each year as an
Incentive Award shall be within the following guidelines:

<Table>
<Caption>
Level of Participant                    Incentive Award
--------------------                    ---------------
<S>                                     <C>
Chief Executive Officer                 Amount determined by Executive Committee
Level 1 Officer                         Options to Purchase up to 7,000 Units
Level 2 Officer                         Options to Purchase up to 3,000 Units
Level 3 Officer                         Options to Purchase up to 1,500 Units
Level 4 Non-Officer                     Options to Purchase up to 1,500 Units
</Table>

Notwithstanding the foregoing, the Chief Executive Officer may make Incentive
Awards in excess of the amount set forth above. The Chief Executive Officer
shall report annually to the Executive Committee with regard to the
participating Participants and the Incentive Awards made to each Participant
under this Plan. The total of all Incentive Awards granted to Participants for a
given Plan Year shall not exceed Options to purchase 200,000 Units.

         Section 3.2 Vesting of Incentive Awards. The Options to purchase Units
granted under Section 3.1 shall vest over four (4) years with the first 25% of
the Options to be vested on December 31 of the Plan Year in which the Incentive
Award is made, and the remaining 75% of the Options vesting in 25% increments on
December 31 of the three (3) succeeding years. Notwithstanding the foregoing, in
the event a Participant's employment status with the Company changes, the
special vesting rules set forth in Article 5 shall apply.

                                       2
<PAGE>

         Section 3.3 Option Exercise Period. A Participant may exercise an
Option to purchase Units between the date the Option is vested and the March 31
following the ten (10) year anniversary date of the original grant of the
Incentive Award. The exercise of an Option to purchase Units must occur between
January 1 and March 31 of a given year. The Option may be exercised in whole or
in part. Options not exercised within the ten (10) year Option period shall
lapse and the Participant shall have no further rights with respect to lapsed
Options.

         Section 3.4 Valuation of Units. Units to be issued under the Plan shall
be initially valued as of December 31 of the year immediately preceding the year
for which the Incentive Award is granted. The initial valuation shall be used to
establish the price at which a Participant may exercise an Option to purchase
the Units (the "Strike Price"). The Strike Price shall be fixed at the time of
the Incentive Award, regardless of the date upon which the Option becomes vested
or is exercised by the Participant. The annual valuation of Units shall also be
used to establish the value of any Units to be redeemed that year, as further
provided in Articles 4 and 5. The valuation of Units shall be determined in
accordance with the following formula:

<Table>
<S>                                <C>
Enterprise Value:                  8 x 5-Year Average EBIT
                                   (Earnings Before Interest and Taxes)

Less:                              5-Year Average Long-Term
                                   Debt and Capital Securities

Plus:                              5-Year Average Cash to Members
                                   (Patronage Plus Equity Redemption)

Equals: Total Equity Value

Divided By:                        10-Million

Equals:                            Value per Unit
</Table>

         Section 3.5 Purchase of Units.

                  (a) A Participant may exercise his or her Option to purchase
         Units by providing written notice to the Company on a form provided by
         the Company. The written notice shall specify the number of Units to be
         purchased by the Participant and the specific Options to which the
         Units relate. The notice of an exercise of an Option shall specify the
         manner in which the Participant elects to pay for the Units as further
         provided in Section 3.5(b). The notice must be received by the Company
         within the January 1 through March 31 exercise period set forth in
         Section 3.3.

                  (b) Upon exercising an Option to purchase Units, the
         Participant shall pay to the Company an amount equal to the Strike
         Price multiplied times the number of Units to be purchased. The total
         purchase price may be paid by the Participant to the Company through
         any one of, or a combination of, the following methods:

                           (i)      A Participant may pay in cash or other
                                    immediately available funds.

                           (ii)     A Participant may agree to reduce his/her
                                    deferred compensation account under the
                                    Deferred Compensation Plan. Such reductions
                                    shall first be taken from Participant's
                                    "mandatory deferrals" under the Deferred
                                    Compensation Plan and then from
                                    Participant's "elective deferrals" under the
                                    Deferred Compensation Plan.

                                       3
<PAGE>

                           (iii)    A Participant may utilize the appreciated
                                    value of Options to acquire Units for the
                                    Participant's account under the Plan. The
                                    value of the Units acquired will equal the
                                    appreciated value of the Options exchanged
                                    for the Units. It a Participant elects this
                                    method, the Participant will purchase Units
                                    by exchanging a selected number of Options
                                    for Units based on the following formula:

                                                 U = (1 - SP/V) x O

                                    Where:

                                    U = Number of Units that may be acquired
                                        with the number of Options exchanged

                                    V = The current value of a Unit

                                    O = The number of Options exchanged

                                    SP = The Strike Price of an Option

                                    Example 1: If a Participant holds 1,000
                                    vested Options having a Strike Price of $100
                                    per Unit and the current value of Units is
                                    $160 per Unit, the Participant may exchange
                                    1,000 Options with an appreciated value of
                                    $60,000 ($60 x 1,000 Options) to acquire 375
                                    Units having a value of $60,000 (375 x
                                    $160).

                                    Example 2: If a Participant holds 1,000
                                    vested Options having a Strike Price of $100
                                    per Unit and the current value of Units is
                                    $200 per Unit, the Participant may exchange
                                    1,000 Options with an appreciated value of
                                    $100,000 ($100 x 1,000 Options) to acquire
                                    500 Units having a value of $100,000 (500 x
                                    $200).

                  (c) At such time as a Participant exercises an Option to
         purchase Units, the Company shall establish an "account" under the Plan
         in the name of the Participant to reflect the number of Units held by
         such Participant.

         Section 3.6 Economic Commitment. Each Participant will be expected to
maintain a financial stake in the Company (the "Economic Commitment") in order
to receive the benefits associated with the appreciation of Units. A
Participant's Economic Commitment shall be accomplished by (i) the purchase of
Units, in which case the Economic Commitment shall be measured by the then
current value of Units owned by the Participant; or (ii) the appreciation in the
value of vested Options, in which case the Economic Commitment shall be measured
by the difference between the Strike Price of the vested Options and the current
value of the Units if the Options are exercised; or (iii) a combination of (i)
and (ii). A Participant will be expected to achieve the Economic Commitment
within seven (7) years of becoming a Participant in the Plan. The size of a
Participant's Economic Commitment will be commensurate with the Participant's
level within the Company (such level to be determined by the Chief Executive
Officer pursuant to Section 3.1) as provided in the following table:

<Table>
<Caption>
Level of Participant                       Economic Commitment
--------------------                       -------------------
<S>                                        <C>
Chief Executive Officer                    3 x Base Compensation
Level 1 Officer                            2 x Base Compensation
Level 2 and 3 Officers                     1 x Base Compensation
Level 4 Non-Officer                        No expected Economic Commitment
</Table>

                                       4
<PAGE>

As a Participant moves from one level to another, the amount of the Economic
Commitment and the number of years in which it is to be achieved shall be
revised accordingly. Notwithstanding the obligation to maintain the Economic
Commitment, in the event a Participant's employment status changes, the
provisions set forth in Article 5 of the Plan shall define the rights of the
Participant with respect to participation in the Plan. If a Participant has not
achieved the Economic Commitment within the seven (7) year period, or does not
maintain the Economic Commitment thereafter, no further Incentive Awards shall
be made under this Plan until the Economic Commitment has been achieved.

                                    ARTICLE 4
                                  DISTRIBUTIONS

         Section 4.1 Voluntary Distributions. A Participant who remains an
employee of the Company may request a distribution from the Plan through the
redemption of Units owned by the Participant. A request for a distribution must
be made between January 1 and March 31 of a given year. The value of a Unit will
be determined at the time of redemption as described in Section 3.4. The actual
distribution to a Participant upon redemption shall be equal to the then current
value of a Unit multiplied by the number of Units to be redeemed. A request for
distribution must be made on forms to be provided by the Company and must
specify the specific Units to be redeemed. Until a Participant has achieved the
required Economic Commitment, the Participant may not redeem Units having a
value in excess of 50% of the appreciated value of the cumulative total of all
Units previously purchased by the Participant from the inception of the Plan. At
such time as a Participant has achieved the required Economic Commitment, a
Participant may redeem any Units in excess of the Economic Commitment.

         Section 4.2 Distribution Limitations.

                  (a) In the event that the Participant receives a distribution
         with respect to Units that were purchased through a reduction in the
         Participant's account under the Deferred Compensation Plan as provided
         in Section 3.5(b)(i) of this Plan, then upon such distribution the
         original purchase price for the Units will be recredited to the
         Participant's account under the Deferred Compensation Plan and the
         remaining value of the Units (the appreciation) shall be distributed in
         cash as provided in Section 4.3 of this Plan.

                  (b) In the event that the Participant receives a distribution
         with respect to Units that were purchased through an exchange of
         Options having an appreciated value as provided in Section 3.5(b)(ii)
         of this Plan, then upon such distribution the original purchase price
         for the Units will be retained in the Participant's account under this
         Plan and the remaining value of the Units (the appreciation) shall be
         distributed in cash as provided in Section 4.3 of this Plan. The
         portion of the value of the Units that is retained in a Participant's
         account under this paragraph shall be credited with a return that is
         equal to the return being earned by participants in the Deferred
         Compensation Plan.

         Section 4.3 Distribution Requirements.

                  (a) Subject to the limitations provided in Section 4.2,
         payment to or on behalf of a Participant with regard to a distribution
         under the Plan shall be made in a lump sum payment of cash. Upon
         payment, the Participant shall have no further interest in the Units
         that have been redeemed, and the Participant shall have no further
         right to any increase in the value of the Units.

                                       5
<PAGE>

                  (b) The Company shall have the right to deduct any federal or
         state taxes required by law to be withheld from all distributions made
         pursuant to the Plan.

                  (c) The payment by the Company to the Participant shall be
         made as soon as it is administratively feasible after a request for a
         distribution, unless Participant has made an election to defer such
         distribution under this Plan. If such an election has been made, no
         payment shall be made directly to the Participant, but the amount
         otherwise payable to the Participant shall be allocated to the Deferred
         Compensation Plan for the benefit of the Participant. A Participant's
         election under this subsection must be made at the time of, or prior
         to, the exercise of the Option to purchase the Units that are presently
         being redeemed. Further, in no event will any such election be
         effective if it precedes the Participant's termination of employment
         with the Company by less than one (1) year.

                  (d) Notwithstanding any other provision of the Plan to the
         contrary, if, at any time, a court or the Internal Revenue Service
         determines that an amount awarded under the Plan, but not yet
         distributed to a Participant, is includible in the gross income of a
         Participant and subject to tax, the Executive Committee may, in its
         sole discretion, permit a lump sum cash distribution of an amount equal
         to the amount determined to be included in the Participant's gross
         income. The number of Units held by a Participant shall be reduced on a
         "last in, first out" basis to the extent of any such distribution.

                                    ARTICLE 5
                           CHANGE IN EMPLOYMENT STATUS

         Section 5.1 Termination of Employment. In the event a Participant's
employment with the Company is terminated for any reason, except death,
Disability, or Retirement, the Participant shall cease to be a Participant in
the Plan as of the date of termination, except as otherwise provided in this
Section. Upon such termination of employment:

                  (a) Any Options of the Participant that are vested as of the
         date of termination of employment may be exercised no later than 45
         days following the date of termination. The Options shall be exercised
         as provided in Section 3.5 of the Plan.

                  (b) Any unvested Options held by the Participant shall be
         forfeited as of the date of the termination of employment.

                  (c) Any Units owned by the Participant (including those Units
         related to Options exercised following termination as provided above)
         must be redeemed by the Participant no later than 45 days following the
         date of termination. Any Units held by the Participant that are not
         redeemed as of such date will be redeemed by the Company effective as
         of such date. Any redemption shall be in accordance with the procedure
         set forth in Section 4.1. Upon redemption, the valuation of the Units
         and the distribution to the Participant shall occur as set forth in
         Sections 3.4, 4.2, and 4.3, respectively; provided, that, the value of
         the Units shall be determined as of December 31 of the year prior to
         the termination.

         Section 5.2 Retirement. In the event a Participant's employment with
the Company is terminated as a result of the Participant's Retirement, the
Participant shall cease to be a Participant in the Plan as of the date of
Retirement, except as otherwise provided in this Section. Upon such termination
of employment:

                                       6
<PAGE>

                  (a) Any Incentive Award made with respect to the year of
         Retirement shall be prorated to the Retirement date.

                  (b) In the event that a Participant's termination of
         employment results from "normal" Retirement it shall be the general
         rule that any unvested Options will be permitted to vest in the normal
         sequence; provided that, the vesting schedule shall be accelerated with
         respect to the final year of vesting such that all Options shall vest
         no later than December 31 of the third year following the award. In the
         event a Participant's termination of employment results from "early"
         Retirement, it shall be the general rule that the Participant will
         forfeit any unvested Options. Notwithstanding the foregoing, the Chief
         Executive Officer (or the Executive Committee in the case of the
         Retirement of the Chief Executive Officer) shall have the discretion to
         depart from the general rules, in such manner as may be determined in
         his/her sole discretion, to permit all or any portion of the unvested
         Options to vest in the normal sequence or to cause any unvested Options
         to be forfeited by the Participant.

                  (c) Any Options of the Participant that are vested as of the
         date of Retirement must be exercised on or before the third March 31
         following the date of Retirement; provided that, if the Retirement
         occurs between January 1 and March 31, the Options must be exercised on
         or before the fourth March 31 following the date of Retirement. Vested
         Options must be exercised within the period of January 1 through March
         31 of a given year as provided in Section 3.5.

                  (d) Any Units owned by the Participant (including those Units
         related to Options exercised following Retirement) must be redeemed by
         the Participant no later than the third March 31 following the date of
         Retirement; provided that, if the Retirement occurs between January 1
         and March 31, the Units must be redeemed on or before the fourth March
         31 following the date of Retirement. Any Units not redeemed by the
         Participant as of such date will be redeemed by the Company as of such
         date. Any redemption shall be in accordance with the procedure set
         forth in Section 4.1. Upon redemption, the valuation of the Units and
         the distribution to the Participant shall occur as set forth in
         Sections 3.4, 4.2, and 4.3, respectively.

         Section 5.3 Disability. In the event that a Participant's employment
status with the Company has changed as a result of Participant's Disability, the
Participant shall cease to be a Participant in the Plan as of the date of such
status change, except as otherwise provided in this Section. Upon such status
change:

                  (a) Any Incentive Award made with respect to the year of the
         status change shall be prorated.

                  (b) Any Options previously issued to the Participant shall
         vest in the normal sequence based upon the date upon which they were
         issued; provided that, the vesting schedule shall be accelerated with
         respect to the final year of vesting such that all Options shall vest
         no later than December 31 of the third year following the award.

                  (c) Any Options of the Participant must be exercised on or
         before the third March 31 following the date of the status change;
         provided that, if the Status Change occurs between January 1 and March
         31, the Options must be exercised on or before the fourth March 31
         following the date of the status change. Vested Options must be
         exercised within the period of January 1 through March 31 of a given
         year as provided in Section 3.5.

                                       7
<PAGE>

                  (d) Any Units owned by the Participant (including those Units
         related to Options exercised following the status change) must be
         redeemed by the Participant no later than the third March 31 following
         the date of the status change; provided that, if the status change
         occurs between January 1 and March 31, the Units must be redeemed on or
         before the fourth March 31 following the date of the status change. The
         Company will redeem any Units not redeemed by the Participant as of
         such date. Any redemption shall be in accordance with the procedure set
         forth in Section 4.1. Upon redemption, the valuation of the Units and
         the distribution to the Participant shall occur as set forth in
         Sections 3.4, 4.2, and 4.3, respectively.

                  (e) In the event the disabled Participant returns to work
         prior to the third March 31 following the change of employment status,
         the provisions of this Section 5.3 shall no longer apply and the
         Participant's participation in the Plan shall be restored to the
         predisability condition.

         Section 5.4 Death. In the event that a Participant's employment with
the Company is terminated as a result of the Participant's death, the
Participant shall cease to be a Participant in the Plan as of the date of death,
except as otherwise provided in this Section. Upon Participant's death:

                  (a) Any unvested Options held in the name of the deceased
         Participant shall be forfeited as of the date of death.

                  (b) Any Options of the deceased Participant that were vested
         as of the date of Participant's death must be exercised by
         Participant's Beneficiary on or before March 31 following the
         Participant's death. Vested Options must be exercised within the period
         of January 1 through March 31 of a given year as provided in Section
         3.5.

                  (c) Any Units owned by the deceased Participant (including
         those Units related to Options exercised by the Participant's
         Beneficiary following death) must be redeemed on behalf of the
         Participant no later than the March 31 following the date of death. Any
         Units not redeemed on behalf of the deceased Participant as of such
         date will be redeemed by the Company as of such date. Any redemption
         shall be in accordance with the procedure set forth in Section 4.1.
         Upon redemption, the valuation of the Units and the distribution to the
         Participant shall occur as set forth in Sections 3.4, 4.2, and 4.3,
         respectively.

                                    ARTICLE 6
                               NON-TRANSFERABILITY

         Section 6.1 Anti-alienation of Options and Units. Options granted to a
Participant and Units purchased by a Participant, and any rights and privileges
pertaining thereto, may not be anticipated, alienated, sold, transferred,
assigned, pledged, encumbered, or subjected to any charge or legal process; and
no interest or right to receive a benefit may be taken, either voluntarily or
involuntarily, for the satisfaction of the debts of, or other obligations or
claims against, such person or entity, including claims for alimony, support,
separate maintenance and claims in bankruptcy proceedings.

         Section 6.2 Incompetent Participants. If any Participant has been
declared incompetent and a conservator or other person legally charged with the
care of such Participant or of his or her estate has been appointed, any
distribution under the Plan to which the Participant is entitled shall be paid
to such conservator or other person legally charged with the care of the
Participant or his or her

                                       8
<PAGE>

estate. Except as provided above, when the Company has determined that a
Participant is unable to manage his or her affairs, the Company may provide for
such distribution or any part thereof to be made to any other person or
institution then contributing toward or providing for the care and maintenance
of such Participant. Any such distribution shall be a payment for the account of
such Participant and a complete discharge of any liability of the Company and
the Plan therefor.

         Section 6.3 Designated Beneficiary. In the event of a Participant's
death prior to the distribution of any amounts payable under the Plan, the
payment of any amounts on behalf of the Participant under the Plan shall be made
to the Participant's Beneficiary designated on a form provided to the
Participant by the Company (the "Participant's Beneficiary"). If no such
beneficiary has been designated, payments shall be made to the duly appointed
and qualified executor or other personal representative of the Participant to be
distributed in accordance with the Participant's will or applicable intestacy
law; or in the event that there shall be no such representative duly appointed
and qualified within six (6) months after the date of death of such deceased
Participant, then to such persons as, at the date of the Participant's death,
would be entitled to share in the distribution of such deceased Participant's
personal estate under the provisions of the applicable statute then in force
governing the descent of intestate property, in the proportions specified in
such statute.

                                   ARTICLE 7
                           ADMINISTRATION OF THE PLAN

         Section 7.1 Administrator. The administrator and named fiduciary of the
Plan shall be the Company.

         Section 7.2 Authority of Administrator. The Company shall have
authority, duty and power to interpret and construe the provisions of the Plan
as it deems appropriate, to temporarily suspend the Plan, to adopt, establish
and revise rules, procedures and regulations relating to the Plan, to determine
the conditions subject to which the value of any Incentive Awards that may be
made or payable, and to make any other determinations which it believes
necessary or advisable for the administration of the Plan. The Company shall
have the duty and responsibility of maintaining records, making the requisite
calculations and dispersing payments hereunder. The Company's determinations,
interpretations, regulations and calculations shall be final and binding on all
persons and parties concerned. The Chief Executive Officer of the Company shall
be the agent of the Plan for the service of legal process in accordance with
Section 502 of the Employee Retirement Income Security Act of 1974, as amended.

         Section 7.3 Operation of Plan. The Company shall be responsible for the
general operation and administration of the Plan and for carrying out the
provisions thereof. The Company shall be responsible for the expenses incurred
in the administration of the Plan. The Company shall also be responsible for
determining eligibility for payments and the amounts payable pursuant to the
Plan. The Company shall be entitled to rely conclusively upon all tables,
valuations, certificates, opinions and reports furnished by any actuary,
accountant, controller, counsel or other person employed or engaged by the
Company with respect to the Plan. The procedures for filing claims for payments
under the Plan are described below.

         Section 7.4 Claims Procedures.

                  (a) It is the intent of the Company to make distributions
         under the Plan without the Participant having to complete or submit any
         claims forms other than notices contemplated by the Plan. However, a
         Participant who believes he or she is entitled to a payment under the
         Plan may submit a claim for such payment in writing to the Company. Any
         claim must be made by the Participant or his or her beneficiary in
         writing and state

                                       9
<PAGE>

         the claimant's name and the nature of the payment to be made under the
         Plan on a form acceptable to the Company. If for any reason a claim
         under this Plan is denied by the Company, the Claims Manager shall
         deliver to the claimant a written explanation setting forth the
         specific reasons for the denial, specific references to the pertinent
         provisions under the Plan on which the denial is based, a description
         of any additional material or information necessary for the claimant to
         perfect the claim and an explanation of why such material or
         information is necessary, and information on the procedures to be
         followed by the claimant in obtaining a review of his or her claim, all
         written in a manner reasonably understandable to the claimant. For this
         purpose: (i) the claimant's claim shall be deemed to be filed when
         presented orally or in writing to the Claims Manager and (ii) the
         Claims Manager's explanation shall be in writing delivered to the
         claimant within 90 days of the date the claim is filed.

                  (b) The claimant shall have 60 days following his or her
         receipt of the denial of the claim to file with the Claims Manager a
         written request for review of the denial. For such review, the claimant
         or the claimant's representative may review pertinent documents and
         submit written issues and comments.

                  (c) The Claims Manager shall decide the issue on review and
         furnish the claimant with a copy within 60 days of receipt of the
         claimant's request for review of the claimant's claim. The decision on
         review shall be in writing and shall include specific reasons for the
         decision, written in a manner reasonably understandable to the
         claimant, as well as specific references to the pertinent provisions in
         the Plan on which the decision is based. If a copy of the decision is
         not so furnished to the claimant within such 60 days, the claim shall
         be deemed denied on review. In no event may a claimant commence legal
         action for benefits the claimant believes are due the claimant until
         the claimant has exhausted all of the remedies and procedures afforded
         the claimant by this Section 7.4.

                  (d) For claims procedures purposes, the "Claims Manager" shall
         be the Company.

         Section 7.5 Participant's Address. Each Participant shall keep the
Company informed of his or her current address and the current address of his or
her beneficiary. The Company shall not be obligated to search for any person. If
the location of a Participant is not made known to the Company within three (3)
years after the date on which payment of the Participant's benefits payable
under this Plan may be made, payment may be made as though the Participant had
died at the end of the three-year period. If, within one (1) additional year
after such three-year period has elapsed, or, within three (3) years after the
actual death of a Participant, the Company is unable to locate any designated
beneficiary of the Participant, then the Company shall have no further
obligation to pay any benefit hereunder to such Participant or designated
beneficiary and such benefits shall be irrevocably forfeited.

         Section 7.6 Liability. Notwithstanding any of the provisions of the
Plan to the contrary, neither the Company nor any individual acting as an
employee or agent of the Company shall be liable to any Participant or any other
person for any claim, loss, liability or expense incurred in connection with the
Plan, unless attributable to fraud or willful misconduct on the part of the
Company or any such employee or agent of the Company.

                                       10
<PAGE>

                                    ARTICLE 8
                            MISCELLANEOUS PROVISIONS

         Section 8.1 No Employment Rights. Neither the Plan nor any action taken
hereunder shall be construed as giving any employee any right to be retained in
the employ of the Company.

         Section 8.2 Unfunded and Unsecured. The Plan shall at all times be
considered entirely unfunded both for tax purposes and for purposes of Title I
of the Employee Retirement Income Security Act of 1974, as amended, and no
provision shall at any time be made with respect to segregating assets of the
Company for payment of any amounts hereunder. Any funds with respect to payment
to be made hereunder shall continue for all purposes to be part of the general
assets of the Company and available to the general creditors of the Company in
the event of the Company's bankruptcy (when the Company is involved in a pending
proceeding under the Federal Bankruptcy Code) or insolvency (when the Company is
unable to pay its debts as they mature). No Participant or any other person
shall have any interests in any particular assets of the Company by reason of
the right to receive a benefit under the Plan and to the extent the Participant
or any other person acquires a right to receive benefits under this Plan, such
right shall be no greater than the right of any general unsecured creditor of
the Company. The Plan constitutes a mere promise by the Company to make payments
to the Participants in the future. Nothing contained in the Plan shall
constitute a guaranty by the Company or any other person or entity that any
funds in any trust or the assets of the Company will be sufficient to pay any
benefit hereunder. Furthermore, no Participant shall have any right to a benefit
under the Plan except in accordance with the terms of the Plan.

         Section 8.3 Plan Provisions. Except when otherwise required by the
context, any singular terminology shall include the plural.

         Section 8.4 Severability. If a provision of the Plan shall be held to
be illegal or invalid, the illegality or invalidity shall not affect the
remaining parts of the Plan and the Plan shall be construed and enforced as if
the illegal or invalid provision had not been included.

         Section 8.5 Applicable Law. To the extent not preempted by the laws of
the United States, the laws of the State of Minnesota shall apply with respect
to this Plan.

         Section 8.6 Successor to Company. In the event there is a successor or
assignee to or of the Company, whether direct or indirect, by purchase, merger,
consolidation or otherwise, to all or substantially all (at least 85% of the
assets or the common stock) of the Company, the Company, in its sole discretion,
may either cash out or require such successor or assignee to assume and agree to
perform the Company's obligations under the Plan, in the same manner and to the
same extent that the Company would be required to perform if no such succession
or assignment had occurred or terminate the Plan pursuant to the provisions of
Article 10. If a successor or assignee assumes the Plan pursuant to this Section
8.6, the term "Company," as used in the Plan, shall mean the Company as
hereinbefore defined and any successor or assignee to the Company which by
reason hereof becomes bound by the terms and provisions of the Plan.

         Section 8.7 Authority of CEO. Except in cases where the
responsibilities are reserved to the Board or Executive Committee under this
Plan, the Chief Executive Officer of the Company (or his designee) may act on
behalf of the Company under this Plan.

                                       11
<PAGE>

                                    ARTICLE 9
                                    AMENDMENT

The Company reserves the power to alter, amend or wholly revise or terminate the
Plan at any time and from time to time by the action of the Board and the
interest of each Participant is subject to the powers so reserved. An amendment
shall be authorized by the Board or Executive Committee and shall be stated in
an instrument in writing signed in the name of the Company by a person or
persons authorized by the Board. After the instrument has been so executed, the
Plan shall be effectively amended in the manner therein set forth, and all
Participants shall be bound thereby. No amendment to the Plan may alter, impair,
or reduce the methodology for valuation of Incentive Awards (Options and Units)
of Participants that have been awarded under the Plan prior to the effective
date of such amendment without the written consent of the affected Participants.

                                   ARTICLE 10
                               TERMINATION OF PLAN

The Company may at any time terminate the Plan by action of the Board. No
further Incentive Awards will be granted after the date of termination of the
Plan. The Termination of the Plan shall not alter, impair, or reduce the
benefits of a Participant that have been awarded prior to the effective date of
such termination, without the written consent of the affected Participant.
Provided, however, upon termination of the Plan, the Company shall have the
option to redeem all outstanding interests of the Participants in the Plan. The
Company shall exercise such option by providing written notice to each
Participant. Upon providing such notice, all unvested Options outstanding under
the Plan shall immediately vest and each Participant shall have thirty (30) days
in which to exercise all, or a portion of, such Participant's outstanding
Options to purchase Units pursuant to the procedures set forth in Section 3.5.
The Participants shall forfeit any Options that are not exercised within such
thirty-day period. Thereafter, the Company shall redeem all outstanding Units
held by Participants (including those Units purchased by Participants within the
aforementioned thirty-day period) and the Participants shall have no further
rights or benefits under the Plan. The valuation of Units so redeemed and the
distribution to the Participants shall occur as set forth in Sections 3.4, 4.2,
and 4.3, respectively.

In Witness Whereof, this Restatement is effective as of ________, 2002.

                                       LAND O'LAKES

                                       BY:
                                          --------------------------------------

                                       TITLE:
                                             -----------------------------------

                                       12

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