Document:

STOCK OPTION AGREEMENT

                               CONAGRA FOODS, INC.

     Stock  Option  Agreement,  hereinafter  referred to as the  "Option" or the
"Agreement" made on the 31st day of August, 2005, between ConAgra Foods, Inc., a
Delaware Corporation (the "Company") and the Optionee.

     1. Grant of Option.  The Company  hereby  grants an Option on shares of the
Company's common stock ("Common Stock") to the Optionee, as follows:

                  Optionee:         GARY M. RODKIN

                  Number of Shares:  1,000,000

                  Exercise Price Per Share:  $22.83

                  Date of Grant:  August 31, 2005

                  Plan Name:  The ConAgra 2000 Stock Plan

                  Type of Option:  Nonstatutory

     2. Definitions:  Terms not otherwise defined herein shall have the meanings
ascribed to them in an Employment Agreement between the Company and the Optionee
dated effective as of August 31, 2005 (the "Employment Agreement").

     IN WITNESS WHEREOF, the Company and the Optionee have caused this Agreement
to be executed effective as of the date first written above. The Company and the
Optionee  acknowledge  that this Agreement  includes seven pages  including this
page. The Optionee acknowledges reading and agreeing to all seven pages.

CONAGRA FOODS, INC.                             OPTIONEE

By:  /s/ Carl E. Reichardt                         /s/ Gary M. Rodkin
   ----------------------------                 ---------------------------
   Chairman,  Human Resources Committee         GARY M. RODKIN

<PAGE>

     3.  Exercise of Option.  This Option shall be vested and  exercisable  with
respect to forty  percent  (40%) of such options on May 27, 2007;  an additional
thirty  percent  (30%) of such options on May 25, 2008;  and the balance of such
options on May 31, 2009.  All such  installments  shall vest and be  exercisable
from the  commencement  date thereof and ending ten years after the date of this
Agreement,  all in accordance with the terms of this Agreement;  in the event of
Change of Control,  the Option granted  pursuant to this Agreement  shall become
immediately  exercisable  with  respect to the full number of shares  subject to
this Option. The Option shall be subject to the following:

          (a) Right to  Exercise.  This Option shall be  exercisable  during the
     term of the Option, by the Optionee:

          (i)  while the Optionee is in Continuous Employment with the Company;

          (ii) for a period  ending  90 days  after  the  Optionee's  Continuous
               Employment  terminates for any reason,  except as provided in (v)
               and (vi) below.  The options that may be exercised are those that
               are vested at the time such termination of employment occurs;

          (iii) for a period ending three (3) years after the Optionee qualifies
               for and takes Early Retirement. The options that may be exercised
               are those that are vested at the time Early Retirement occurs;

          (iv) for a period ending three (3) years after the  Optionee's  Normal
               Retirement from Continuous Employment with the Company;

          (v)  In  the  event  of  Optionee's   death,   Permanent   Disability,
               termination   by  the  Company   without   Cause,   or  voluntary
               termination  of  employment  by Optionee  with Good Reason,  this
               Option  shall  become  fully  vested and  exercisable  during the
               remainder of the term of the Option; and

          (vi) In  the  event  the  Company  terminates  the  employment  of the
               Optionee  with  Cause,   this  Option  shall  terminate  and  all
               unexercised options shall lapse.

          (b) Method of Exercise.  This Option shall be exercisable by a written
     notice  which shall:

          (i)  state the election to exercise  the Option,  the number of shares
               in  respect of which it is being  exercised,  the person in whose
               name the stock  certificate  or  certificates  for such shares of
               Common  Stock is to be  registered,  his/her  address  and social
               security number;

          (ii) be signed by the  person or  persons  entitled  to  exercise  the
               Option  and,  if the Option is being  exercised  by any person or
               persons  other  than  the  Optionee,   be  accompanied  by  proof
               satisfactory  to  counsel  for the  Company  of the right of such
               person or persons to exercise the Option. Payment of the purchase
               price of any  shares  with  respect  to which the Option is being
               exercised  shall be by check,  and shall be delivered with notice
               of exercise;  provided, however, at the election of the Optionee,
               the amount equal to the purchase  price may be paid,  in whole or
               in part,  in Common  Stock of the  Company  valued at fair market
               value (as defined in the Plan).

          (c)  Restrictions  on  Exercise.  As a  condition  to exercise of this
     Option,  the Company may require the person  exercising this Option to make
     any  representation  and  warranty to the Company as may be required by any
     applicable law or regulation.

          (d) Payment of Taxes Upon Exercise.  As a condition of the issuance of
     shares  hereunder,  the Optionee agrees to remit to the Company at the time
     of exercise of this Option any taxes required to be withheld by the Company
     under Federal, state or local law as a result of the exercise. The Optionee
     may remit such amount by check or by a reduction of the number of shares to
     be delivered to the Optionee upon exercise.

     4. Cancellation of Options.  Except as otherwise provided herein,  upon the
Optionee's termination of employment,  unvested options shall immediately cancel
and any vested  options not  exercised  during the exercise  period set forth in
Paragraph 3(a) shall be cancelled at the end of the exercise period.

     5.  Non-Transferability  of Option. Except as may otherwise be permitted by
the Human Resources Committee of the Board of Directors,  this Option may not be
assigned, transferred,  pledged or hypothecated in any manner (otherwise than by
will or the laws of descent or distribution) nor may the Optionee enter into any
transaction  for the purpose of, or which as the effect of,  reducing the market
risk of holding the option by using puts, calls or similar financial techniques.
This Option may be exercised  during the  lifetime of the  Optionee  only by the
Optionee.  The  terms of this  Option  shall  be  binding  upon  the  executors,
administrators, heirs, successors and assigns of the Optionee.

     6. Stock  Subject to the  Option.  If the  Option  should  expire or become
unexercisable  for any  reason  without  having  been  exercised  in  full,  any
unpurchased shares which were subject thereto shall once again be subject to the
grant of an Option  pursuant to the Plan.  The  Company  will not be required to
issue or  deliver  any  certificate  or  certificates  for  shares  to be issued
hereunder  until such shares have been listed (or  authorized  for listing  upon
official  notice of  issuance)  upon each stock  exchange  on which  outstanding
shares of the same class are then  listed and until the  Company  has taken such
steps as may, in the opinion of counsel for the Company,  be required by law and
applicable  regulations,  including the rules and  regulations of the Securities
and  Exchange  Commission,  and  State  Securities  laws  and  regulations,   in
connection  with the  issuance or sale of such  shares,  and the listing of such
shares on each such  exchange.  The Company  will use its best efforts to comply
with any such requirements.

     7. Adjustments Upon Changes in Capitalization. If all or any portion of the
Option  is  exercised  subsequent  to  any  stock  dividend,  upon  subdivision,
split-up,  combination  or  reclassification  of the Common Stock or a merger or
consolidation  involving the Company, the Human Resources Committee of the Board
of Directors shall make equitable  adjustment in the number of shares subject to
this Option and  adjustment  in the per share Option Price,  provided,  however,
that no fractional share shall be issued upon subsequent  exercise of the Option
and the aggregate  price paid shall be  appropriately  reduced on account of any
fractional share not issued.

     8. Notices.  Each notice  relating to this  Agreement  shall be in writing.
Each notice shall be deemed to have been given on the date it is received.  Each
notice to the  Company  shall be  addressed  to its  principal  office in Omaha,
Nebraska,  attention to Corporate  Compensation.  Each notice to the Optionee or
any other  person or persons  entitled to exercise the Option shall be addressed
to the Optionee's  address as shown on the Company's  records.  Anyone to whom a
notice may be given under this  Agreement  may designate a new address by notice
to the effect.

     9. Benefits of Agreement.  This Agreement shall inure to the benefit of and
be binding upon each successor of the Company.  All obligations imposed upon the
Optionee and all rights  granted to the Company  under this  Agreement  shall be
binding upon the Optionee's heirs, legal  representatives  and successors.  This
Agreement shall be the sole and exclusive source of any and all rights which the
Optionee,  his heirs and legal representatives or successors may have in respect
to the Plan or any Options or Common Stock granted or issued thereunder  whether
to himself or to any other person.

     10. Resolution of Disputes.  Any dispute or disagreement which should arise
under  or  as a  result  of  or  in  any  way  related  to  the  interpretation,
construction  or  application  of this Agreement will be determined by the Human
Resources Committee of the Board of Directors.  Any determination made hereunder
shall be final, binding and conclusive for all purposes.  This Agreement and the
legal relations between the parties hereto shall be governed by and construed in
accordance with the laws of the state of Nebraska.

     11. Definitions.

          (a) Change of Control. Change of Control shall mean:

          (i)  the  acquisition  (other  than from the  Company)  by any person,
               entity or  "group,"  within the  meaning of Section  13(d)(3)  or
               14(d)(2) of the  Securities  Exchange Act of 1934 (the  "Exchange
               Act"),   (excluding,   for  this  purpose,  the  Company  or  its
               subsidiaries,  or any employee benefit plan of the Company or its
               subsidiaries  which  acquires  beneficial   ownership  of  voting
               securities  of the Company) of beneficial  ownership  (within the
               meaning of Rule 13d-3  promulgated under the Exchange Act) of 30%
               or more of either the then outstanding  shares of common stock or
               the  combined  voting  power of the  Company's  then  outstanding
               voting  securities  entitled to vote generally in the election of
               directors; or

          (ii) individuals who, as of the date hereof,  constitute the Board (as
               of the date hereof the "Incumbent Board") cease for any reason to
               constitute  at least a majority of the Board,  provided  that any
               person  becoming a director  subsequent  to the date hereof whose
               election,  or  nomination  for  the  election  by  the  Company's
               shareholders,  was  approved  by a vote of at least a majority of
               the directors then  comprising the Incumbent  Board shall be, for
               purposes of this Agreement, considered as though such person were
               a member of the Incumbent Board; or

          (iii) consummation of a reorganization,  merger or  consolidation,  in
               each  case,   with   respect  to  which   persons  who  were  the
               stockholders   of  the   Company   immediately   prior   to  such
               reorganization,  merger  or  consolidation  do  not,  immediately
               thereafter,  own  more  than  50% of the  combined  voting  power
               entitled to vote  generally  in the  election of directors of the
               reorganized,  merged or consolidated  company's then  outstanding
               voting securities, or a liquidation or dissolution of the Company
               or of the sale of all or  substantially  all of the assets of the
               Company.

          (b) Continuous Employment with the Company. Continuous Employment with
     the Company shall mean the absence of any  interruption  or  termination of
     employment  by the Company or any parent or subsidiary of the Company which
     now exists or hereafter is organized or acquired by the Company. Continuous
     Employment  shall not be considered  interrupted in the case of sick leave,
     Long Term Disability, military leave or any other leave of absence approved
     by the Company or in the case of transfers between payroll locations of the
     Company  or  between  the  Company,  its  parent  or  subsidiaries  or  its
     successor.

          (c)  Normal  Retirement.  Normal  Retirement  shall  mean  terminating
     employment  with the Company or its  subsidiaries on or after attaining age
     65.

          (d) Early  Retirement.  Early Retirement shall mean (1) qualifying for
     and taking early retirement under a pension plan (as defined in ss. 3(2) of
     the Employee  Retirement  Income  Security Act of 1974, as amended) that is
     sponsored  by the  Company  or its  subsidiaries  or (2)  becoming  Retiree
     Eligible as a result of Continuous  Employment to the fifth  anniversary of
     the date of the Employment  Agreement.  If the Optionee's employer does not
     have a pension plan,  then the Company's  salaried  pension plan provisions
     for Early Retirement shall apply,  which provide that the Optionee must (a)
     be at  least  age 55,  and (b)  have  at  least  ten  years  of  Continuous
     Employment with the Company.AGREEMENT

         Agreement made this 31st day of August, 2005, by and between ConAgra
Foods, Inc., a Delaware corporation, hereinafter referred to as "ConAgra", and
Gary M. Rodkin, hereinafter referred to as "Employee".

         WHEREAS, ConAgra and Employee have entered into an Employment Agreement
dated August 31, 2005 (the "Employment Agreement"), and

         WHEREAS, the Board of Directors of ConAgra ("Board") has determined
that the interests of ConAgra stockholders will be best served by assuring that
all key corporate executives of ConAgra will adhere to the policy of the Board
with respect to any event by which another entity would acquire effective
control of ConAgra, including but not limited to a tender offer, and

         WHEREAS, the Board has also determined that it is in the best interests
of ConAgra stockholders to promote stability among key executives and employees.

NOW, THEREFORE, it is agreed as follows:

     1. Duties of Employee. Employee shall support the position of the Board and
shall take any action  requested  by the Board  with  respect to any  "Change of
Control" (as defined at Section 7 below) of ConAgra.  If the  Employee  violates
the  provisions  of this  Section,  the Employee  shall forfeit any payments due
under the terms of this Agreement.

     2. Employment Contract. If a Change of Control of ConAgra occurs, and if at
the  initiation  of the Change of Control  attempt  Employee is then employed by
ConAgra,  ConAgra  hereby  agrees to continue the  employment  of Employee for a
period of three  years from the date the Change of Control  effectively  occurs.
During said three year period,  Employee shall receive annual base and incentive
compensation in an amount not less than that specified in Section 3(a) below.

     If Employee is Involuntarily Terminated (as defined at Section 7 below), at
any time during the three year period,  ConAgra  shall pay to Employee an amount
equal to that which Employee would have received  pursuant to Section 3(a) below
for the  remainder  of the three year  period,  and shall also make the payments
specified in Sections 3(b) and 3(c) and, if applicable,  any additional payments
specified in Section 5 below. Any such termination payment of base and incentive
compensation  shall be made to  Employee  in a lump sum within  thirty (30) days
after termination.

     If Employee voluntarily  terminates employment at any time during the three
year period,  the Acquiror (as defined below),  ConAgra,  and their subsidiaries
will not be  obligated  to pay the Employee any amount that might be due for the
remainder of the three year period,  or for any termination pay;  however,  they
shall make any additional  payments  specified in Sections 3(b),  3(c) and 5 (if
applicable) below.

     3. Description of Payments. The payments to be made to Employee are:

     (a)  Annual Base and Incentive Compensation. Employee shall receive for the
          three year period  described in Section 2 above an annual amount equal
          to the Employee's  current annual rate of compensation,  which current
          annual compensation shall be computed as follows: twenty-six times the
          Employee's  highest  bi-weekly  salary payment received during the one
          year  period  ending  immediately  prior to the  Change of  Control of
          ConAgra.  In addition,  Employee shall receive (i) an amount for short
          term  incentive  equal to the larger of (I) the short  term  incentive
          target,  if  any,  most  recently  approved  by  the  Human  Resources
          Committee  of the Board  ("Committee"),  and (II) the  highest  of the
          three actual short term incentive awards (including  deferred amounts)
          made to Employee for the three fiscal years immediately preceding such
          Change  of  Control,  plus (ii) an  amount  for the Long  Term  Senior
          Management  Incentive  Plan Award  equal to the highest per unit award
          made during the three fiscal years  immediately  preceding such Change
          of Control multiplied by the number of units of participation approved
          by the Committee for the current fiscal year.

     (b)  Retirement  Benefits.  Employee  shall receive an amount equal to that
          which the Employee  would have received as retirement  benefits  under
          the  provisions  of the ConAgra  Pension Plan for  Salaried  Employees
          ("Qualified  Pension Plan") and the ConAgra  Retirement Income Savings
          Plan ("CRISP") in effect immediately prior to the Change of Control of
          ConAgra, had Employee continued employment until age 65 at the current
          annual  rate  of  base  and  short  term  incentive   compensation  as
          determined above and assuming no limitations under Sections 401(a)(17)
          and 415 of the Internal Revenue Code of 1986, as amended ("Code").

          (i)  The supplemental  pension benefit hereunder shall be equal to the
               result of  subtracting  (x) the benefit the Employee will receive
               under the Qualified Pension Plan from (y) the pension benefit the
               Employee  would  obtain under the  Qualified  Pension Plan if the
               Employee  remained  in the employ of ConAgra  until the  Employee
               attained  age  65.  The  supplemental  pension  benefit  is to be
               computed  assuming the Employee is to receive an unreduced normal
               retirement  pension benefit payable beginning at the later of the
               date the  Employee  attains age 60 or the date of the  Employee's
               termination of employment.

               If the  Employee  begins  to  receive  the  supplemental  pension
               benefit  at a time  other  than  as  described  in the  preceding
               sentence,  an actuarial  adjustment shall be made to reflect such
               event. The  supplemental  pension benefit shall be reduced by the
               amount of benefit received from the ConAgra  Nonqualified Pension
               Plan (or any successor  plan) which relates to periods  following
               the Employee's termination of employment.

          (ii) The  supplemental  CRISP  benefit  shall be  equal to the  amount
               computed, as follows:

               A.   The  additional  years of service  that the  Employee  would
                    receive if employment was not terminated  prior to attaining
                    age 65 is multiplied by the  Employee's  current annual base
                    and short  term  incentive  compensation  (as  described  in
                    Section 3(a)).

               B.   The result in A, immediately above, is multiplied by 3%.

               C.   The result in B, immediately above, is present valued to the
                    date  of  the  Employee's  termination  of  employment.  The
                    discount factor for such present value shall be the discount
                    factor  used by the  Qualified  Pension  Plan at the time of
                    such  termination of employment.  The present value shall be
                    computed  based  on the  assumption  that the  result  in B,
                    immediately  above,  is paid ratably (and  monthly) over the
                    additional years of service of the Employee.

               D.   The  present   value  amount   determined   pursuant  to  C,
                    immediately  above,  shall be funded  pursuant to Subsection
                    (iv) of this Section 3(b).

          (iii) For  purposes of  computing  the amounts  described  in Sections
               3(b)(i)(y) and 3(b)(ii)A, the following shall apply:

               A.   The total  amount of current  annual base pay and short term
                    incentive  pay (as  described in Section 3(a)) shall be used
                    without  any  reduction  for  the  limitation  imposed  upon
                    compensation  by Code Section  401(a)(17)  (or any successor
                    section thereto).

               B.   The limitations imposed by Code Section 415 shall not apply.

               C.   If, at the time of termination, the Employee is not eligible
                    to  participate  in the Qualified  Pension Plan,  the amount
                    computed under Section  3(b)(1) shall be based solely on the
                    years after termination of employment.

               D.   If, at the time of termination, the Employee is not eligible
                    to participate in the Qualified  Plan, but does  participate
                    in a defined benefit plan of ConAgra, its successor,  or one
                    of their  affiliates  ("Other Defined  Benefit  Plan"),  the
                    Employee  shall receive an additional  supplemental  benefit
                    equal to the  result  of  subtracting  (x) the  benefit  the
                    Employee  will receive from the Other  Defined  Benefit Plan
                    from (y) the benefit the  Employee  would  receive  from the
                    Other  Defined  Benefit  Plan  assuming  the  Employee is to
                    receive  an  unreduced  normal  retirement  pension  benefit
                    payable  beginning  at the  later of the  date the  Employee
                    attains age 60 or the date of the Employee's termination and
                    assuming the Employee's pay, for purposes of calculating the
                    Employee's  Other  Defined  Benefit  Plan  benefit,  is, and
                    always has been, equal to the Employee's current annual base
                    pay and short term incentive (as described in Section 3(a)).

          (iv) The actuarial  assumptions  and methods used by this Section 3(b)
               shall be the same as those used by the  Qualified  Pension  Plan.
               The timing of payment  and the form of the  supplemental  pension
               benefit  under this  Section 3(b) shall be the same as elected by
               the Employee  under the Qualified  Pension Plan and the timing of
               payment and the form of the  supplemental  CRISP benefit shall be
               the same as elected by the Employee under CRISP.  If the Employee
               does not participate in the Qualified  Pension Plan and/or CRISP,
               the Employee shall elect (from the  respective  options under the
               Qualified  Pension  Plan and  CRISP)  the  timing and form of the
               supplemental pension and CRISP benefits;

          (v)  The  supplemental  pension and CRISP benefits  payable under this
               Section 3(b) shall be unfunded  until a Voluntary  Termination or
               Involuntary  Termination following a Change of Control. Within 60
               days following such a termination,  the supplemental  pension and
               CRISP benefits shall be funded, in one lump sum payment,  through
               a trust in the form attached to the ConAgra  Supplemental Pension
               and  CRISP  Plan  for  Change  of  Control  and  which  trust  is
               incorporated  by  reference.   The  transferred  amount  for  the
               supplemental  CRISP benefit  shall be held in a separate  account
               and separately invested by the trustee. The amount accumulated in
               such  account  shall  be  the  sole  source  of  payment  of  the
               supplemental  CRISP  benefit,  and  shall  be the  amount  of the
               supplemental CRISP benefit hereunder.  The Acquiror,  ConAgra and
               their subsidiaries shall make up any supplemental pension benefit
               payments the Employee does not receive under the trust,  e.g., if
               the funds in the trust are  insufficient to make the payments due
               to insufficient  earnings in the trust. The trustee of such trust
               shall be a national or state  chartered  bank.  If funding of the
               trust is not made within the sixty day period  described  in this
               Subsection (iv) of this Section 3(b), the Employee's supplemental
               pension and CRISP  benefits shall then be equal to the product of
               150% multiplied by the amount of  supplemental  pension and CRISP
               benefits described in this Section 3(b) above; provided, however,
               this  increase in  benefits is not  intended to remove or detract
               from the obligation to fund the trust. The  supplemental  pension
               and  CRISP  benefits  shall  not be paid  from the  assets of the
               Qualified Pension Plan or CRISP.

     (c)  Additional Payment. If a Change of Control of ConAgra occurs, Employee
          shall  receive an amount  equal to the excess,  if any, of the highest
          per share price offered  (valued in U.S.  currency) by the  successful
          Acquiror  for ConAgra  common  stock (which stock will then be treated
          for purposes of this Agreement as converted into equivalent  shares of
          such  Acquiror's  or the surviving  company's  capital stock as of the
          date of the Change of Control of  ConAgra)  over the closing per share
          price of such Acquiror's or the surviving company's ("Acquiror") stock
          quoted on an  established  securities  market (or if  applicable,  the
          closing  bid  price  for the  Acquiror's  stock  that is  quoted  on a
          secondary  market or  substantial  equivalent  thereof) on the date of
          termination  (or if the date of  termination is not a business day, on
          the next preceding business day),  multiplied by the highest number of
          shares of the  Acquiror's  capital  stock owned by the Employee at any
          time during the period  beginning on the date of the Change of Control
          of ConAgra and ending on the date of termination. For purposes of this
          Section 3(c), the additional amount due hereunder shall be computed as
          if Employee  owned all of the  Acquiror's  stock with respect to which
          Employee has an option to purchase in connection  with employment with
          the Acquiror, ConAgra or any of their subsidiaries.  Said amount shall
          be paid to Employee within ten days after termination. In addition, if
          Employee sells any of the  Acquiror's  stock within one year following
          said  termination,  Employee  shall  receive  the  amount by which the
          closing  price of such  stock  per  share  on the date of  termination
          (determined as aforesaid) exceeds the per share actual net sales price
          of the  Acquiror's  stock on the date of sale  realized  by  Employee,
          multiplied by the number of shares sold by Employee. Said amount shall
          be paid in  immediately  available  funds to Employee  within ten days
          after the sale.  In addition,  to the extent any of  ConAgra's  common
          stock  remains  outstanding  after a Change of Control,  then Employee
          shall  receive  additional  amounts  computed  and payable in a manner
          similar to that  provided in this  Section 3(c) for  Acquiror's  stock
          owned,  or subject to an option held,  by Employee.  These  provisions
          shall be  appropriately  modified or adjusted to take into account the
          fact that the computations pursuant to the preceding sentence are with
          respect to ConAgra  common stock and related  options  rather than the
          Acquiror's capital stock and options related thereto. The computations
          and  payments  under  this  Section  3(c)  shall  include  appropriate
          adjustments for any stock splits,  stock dividends,  recapitalizations
          or similar share restructurings that may occur from time to time.

     4. Merger. ConAgra shall not merge, reorganize,  consolidate or sell all or
substantially  all of its assets,  to or with any other  corporation  until such
corporation and its subsidiaries, if any, expressly assume the duties of ConAgra
set forth herein.

     5. Certain Additional Payments by ConAgra.

     (a)  Anything in this  Agreement  to the contrary  notwithstanding,  in the
          event it shall be  determined  that any  payment  or  distribution  by
          ConAgra to or for the benefit of the Employee, whether paid or payable
          or  distributed  or  distributable  pursuant  to  the  terms  of  this
          Agreement or otherwise (a  "Payment"),  would be subject to the excise
          tax imposed by Section  4999 of the Code or any  interest or penalties
          with  respect to such excise tax (such excise tax,  together  with any
          such interest and penalties,  are hereinafter collectively referred to
          as the "Excise  Tax"),  then the Employee shall be entitled to receive
          an additional  payment (a "Gross-Up  Payment") in any amount such that
          after payment by the Employee of all taxes  (including any interest or
          penalties  imposed with respect to such taxes),  including  any Excise
          Tax, imposed upon the Gross-Up Payment, the Employee retains an amount
          of the  Gross-Up  Payment  equal to the  Excise Tax  imposed  upon the
          Payments.

     (b)  Subject to the provisions of Subsection (c) below, all  determinations
          required to be made under this Section,  including  whether a Gross-Up
          Payment is required and the amount of such Gross-Up Payment,  shall be
          made by the certified public accounting firm then representing ConAgra
          (the  "Accounting  Firm")  which  shall  provide  detailed  supporting
          calculations  both to ConAgra and the Employee within 15 business days
          of the date of termination,  if applicable, or such earlier time as is
          requested by ConAgra or Employee.  If the Accounting  Firm  determines
          that no Excise Tax is payable by the  Employee,  it shall  furnish the
          Employee with an opinion that Employee has  substantial  authority not
          to report any Excise Tax on the Employee's  federal income tax return.
          Any determination by the Accounting Firm shall be binding upon ConAgra
          and the Employee. As a result of the uncertainty in the application of
          Section 4999 of the Code at the time of the initial  determination  by
          the Accounting Firm hereunder,  it is possible that Gross-Up  Payments
          which  will not have  been  made by  ConAgra  should  have  been  made
          ("Underpayment"), consistent with the calculations required to be made
          hereunder. In the event that ConAgra exhausts its remedies pursuant to
          Subsection (c) below and the Employee thereafter is required to make a
          payment of any Excise Tax, the  Accounting  Firm shall  determine  the
          amount of the Underpayment that has occurred and any such Underpayment
          shall  be  promptly  paid  by  ConAgra  to or for the  benefit  of the
          Employee.

     (c)  The  Employee  shall  notify  ConAgra  in  writing of any claim by the
          Internal  Revenue  Service  that,  if  successful,  would  require the
          payment by ConAgra of the Gross-Up Payment. Such notification shall be
          given as soon as practicable  but no later than ten (10) business days
          after the Employee  knows of such claim and shall  apprise  ConAgra of
          the nature of such claim and the date on which such claim is requested
          to be  paid.  The  Employee  shall  not pay  such  claim  prior to the
          expiration  of the  thirty-day  (30 day) period  following the date on
          which it gives such notice to ConAgra (or such shorter  period  ending
          on the date that any  payment of taxes  with  respect to such claim is
          due).  If  ConAgra  notifies  the  Employee  in  writing  prior to the
          expiration  of such period that it desires to contest such claim,  the
          Employee shall:

          (i)  give  ConAgra any  information  reasonably  requested  by ConAgra
               relating to such claim,

          (ii) take such  action in  connection  with  contesting  such claim as
               ConAgra  shall  reasonably  request in writing from time to time,
               including,  without  limitation,  accepting legal  representation
               with respect to such claim by an attorney  reasonably selected by
               ConAgra,

          (iii) cooperate  with  ConAgra in good  faith in order to  effectively
               contest such claim,

          (iv) permit ConAgra to participate in any proceedings relating to such
               claim;  provided,  however,  that  ConAgra  shall  bear  and  pay
               directly all costs and expenses  (including  additional  interest
               and penalties) incurred in connection with such contest and shall
               indemnify and hold the Employee harmless,  on an after-tax basis,
               for  any  Excise  Tax  or  income  tax,  including  interest  and
               penalties  with  respect  thereto,  imposed  as a result  of such
               representation  and  payment  of  costs  and  expenses.   Without
               limitation on the foregoing  provisions of this  Subsection  (c),
               ConAgra shall control all  proceedings  taken in connection  with
               such contest  and, at its sole  option,  may pursue or forego any
               and  all  administrative  appeals,   proceedings,   hearings  and
               conferences  with the taxing  authority  in respect of such claim
               and may, at its sole  option,  either  direct the Employee to pay
               the tax  claimed and sue for a refund or contest the claim in any
               permissible  manner,  and the Employee  agrees to prosecute  such
               contest to a determination before any administrative tribunal, in
               a court  of  initial  jurisdiction  and in one or more  appellate
               courts, as ConAgra shall determine;  provided,  however,  that if
               ConAgra  directs  the  Employee  to pay such  claim and sue for a
               refund,  ConAgra  shall advance the amount of such payment to the
               Employee,  on an interest-free basis and shall indemnify and hold
               the Employee harmless, on an after-tax basis, from any Excise Tax
               or income tax,  including  interest  or  penalties  with  respect
               thereto,  imposed with respect to such advance or with respect to
               any imputed  income  with  respect to such  advance;  and further
               provided  that  any  extension  of  the  statute  of  limitations
               relating to payment of taxes for the taxable year of the Employee
               with respect to which such contested  amount is claimed to be due
               is  limited  solely  to  such  contested   amount.   Furthermore,
               ConAgra's  control of the contest shall be limited to issues with
               respect to which a Gross-Up  Payment  would be payable  hereunder
               and the Employee  shall be entitled to settle or contest,  as the
               case may be,  any  other  issue  raised by the  Internal  Revenue
               Service or any other taxing authority.

     (d)  If, after the receipt by the Employee of an amount advanced by ConAgra
          pursuant to Subsection  (c) above,  the Employee  becomes  entitled to
          receive any refund  with  respect to such claim,  the  Employee  shall
          (subject to ConAgra's  complying with the  requirements  of Subsection
          (c)) promptly pay to ConAgra the amount of such refund  (together with
          any interest paid or credited thereon after taxes applicable thereto).
          If, after the receipt by the Employee of an amount advanced by ConAgra
          pursuant to Subsection (c), a determination  is made that the Employee
          shall not be  entitled  to any refund  with  respect to such claim and
          ConAgra  does not  notify  the  Employee  in  writing of its intent to
          contest such denial of refund prior to the  expiration  of thirty days
          after such  determination,  then such  advance  shall be forgiven  and
          shall not be  required  to be repaid  and the  amount of such  advance
          shall offset,  to the extent thereof,  the amount of Gross-Up  Payment
          required to be paid.

     6. Term and Binding Effect.  This Agreement shall bind ConAgra and Employee
as long as Employee remains in the employ of ConAgra; provided, however, ConAgra
may  terminate  this  Agreement at any time by giving  notice to  Employee;  and
provided further,  however, that ConAgra may not terminate this Agreement at any
time subsequent to the announcement of an event that could result in a Change of
Control of ConAgra.  This  Agreement  shall be binding upon the parties  hereto,
their heirs, executors, administrators and successors.

     7.  Certain  Definitions.  The  following  definitions  shall apply for the
purposes of this Agreement:

     (a)  Change of Control of ConAgra. The term "Change of Control" shall mean:

          (i)  The acquisition  (other than from ConAgra) by any person,  entity
               or "group", within the meaning of Section 13(d)(3) or 14(d)(2) of
               the  Securities  Exchange  Act  of  1934  (the  "Exchange  Act"),
               (excluding, for this purpose, ConAgra or its subsidiaries, or any
               employee  benefit  plan of  ConAgra  or its  subsidiaries,  which
               acquires beneficial ownership of voting securities of ConAgra) of
               beneficial   ownership   (within   the   meaning  of  Rule  13d-3
               promulgated  under the Exchange Act) of 30% or more of either the
               then  outstanding  shares of common stock or the combined  voting
               power of ConAgra's then outstanding voting securities entitled to
               vote generally in the election of directors; or

          (ii) Individuals who, as of the date hereof,  constitute the Board (as
               of the date hereof the "Incumbent Board") cease for any reason to
               constitute  at least a majority of the Board,  provided  that any
               person  becoming a director  subsequent  to the date hereof whose
               election,  or nomination for election by ConAgra's  shareholders,
               was  approved by a vote of at least a majority  of the  directors
               then  comprising  the  Incumbent  Board shall be, for purposes of
               this Agreement, considered as though such person were a member of
               the Incumbent Board; or

          (iii) Consummation of a reorganization, merger, consolidation, in each
               case, with respect to which persons who were the  shareholders of
               ConAgra  immediately  prior  to such  reorganization,  merger  or
               consolidation do not, immediately  thereafter,  own more than 50%
               of the combined  voting power  entitled to vote  generally in the
               election of directors of the reorganized,  merged or consolidated
               company's then outstanding voting securities, or a liquidation or
               dissolution of ConAgra or of the sale of all or substantially all
               of its assets.

     (b)  Involuntary  Termination.  The term  "Involuntary  Termination" or any
          variation  thereof  shall  mean  either  (i)  the  actual  involuntary
          termination of Employee's  employment  with the Acquiror,  ConAgra and
          their  subsidiaries  after a Change of Control (with or without cause)
          or (ii) the  constructive  involuntary  termination  of the Employee's
          employment with the Acquiror,  ConAgra and their  subsidiaries after a
          Change of Control.  The term  "constructive  involuntary  termination"
          shall  include  (w)  a  reduction  in  the   Employee's   compensation
          (including  applicable fringe benefits);  (x) a substantial  change in
          the  location of the  Employee's  job without the  Employee's  written
          consent;  (y) the Employee's  demotion or diminution in the Employee's
          position, authority, duties or responsibilities without the Employee's
          written  consent;  or (z) the  sale or  disposition  of the  stock  of
          Employee's immediate employer, which was a subsidiary of the Acquiror,
          ConAgra, or their other subsidiaries immediately prior to such sale or
          disposition,  provided  Employee  is not  employed  after such sale or
          disposition  by the Acquiror,  ConAgra,  or any of their  subsidiaries
          that are retained after such sale or disposition.  "Substantial change
          in location"  means any location change in excess of 35 miles from the
          location of the Employee's job with ConAgra or its subsidiaries at the
          time of the Change of Control of ConAgra.

     8. Costs. All costs of litigation  necessary for the Employee to defend the
validity  of this  contract  are to be  paid by  ConAgra  or its  successors  or
assigns.

     9. Code Section 409A.  It is intended  that any amounts  payable under this
Agreement  and the ConAgra and  Employee  exercise of  authority  or  discretion
hereunder  shall  comply with the  provisions  of Section  409A of the  Internal
Revenue Code and the treasury  regulations relating thereto so as not to subject
Employee to the payment of interest and tax penalty  which may be imposed  under
Section 409A. In furtherance of this intent,  to the extent that any regulations
or other  guidance  issued under  Section 409A after the date of this  Agreement
would result in the Employee  being  subject to the payment of such  interest or
tax  penalty,  ConAgra and  Employee  agree to amend this  Agreement in order to
bring this Agreement into compliance with Section 409A.

     IN WITNESS WHEREOF, the parties have executed this Agreement.

CONAGRA FOODS, INC.

By:   /s/ Carl E. Reichardt                          /s/ Gary M. Rodkin
   -----------------------------                   -------------------------
   Chairman, Human Resources Committee             Gary M. Rodkin (Employee)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}]]