Document:

Burlington Northern Santa Fe Incentive Bonus Stock Plan

 Exhibit 10.1 
  
 As Amended and Restated 2/28/2005 
  
 BURLINGTON NORTHERN SANTA FE INCENTIVE BONUS STOCK PROGRAM 
  

	1.	Authority to Adopt. This program (the “Program”) has been adopted by the Compensation and Development Committee (the “Committee”) of the Board of
Directors of Burlington Northern Santa Fe Corporation (the “Company”) pursuant to its authority to promulgate rules for the administration and operation of the Burlington Northern Santa Fe 1999 Stock Incentive Plan (the “Plan”)
for Restricted Stock grants; 

  

	2.	Purpose. The purpose of this Program is to enable the Committee and its designated representatives to implement Restricted Stock grants (an “Exchange Grant”)
in exchange for a key employee electing to exchange receipt of cash compensation and other forms of compensation designated by the Committee (“Elective Compensation”). 

  

	3.	Eligibility. The Committee shall designate key employees or classes of eligible employees (the “Eligible Participants”) who shall be eligible to receive an
Exchange Grant in exchange for foregoing Elective Compensation. 

  

	4.	Amount of Elective Compensation. Unless the Committee shall designate another amount of Elective Compensation as to any Eligible Participant, each Eligible Participant
may elect to exchange all or any portions of the following element of compensation for an Exchange Grant: 

  
 100% of such Eligible Participant’s annual incentive payment payable in the following calendar year, based on the annual incentive compensation plan
established for such Eligible Participant, provided that in no event shall the amount of the Elective Compensation for the Eligible Participant exceed the annual incentive amount that would otherwise be payable to the Eligible Participant for such
year by reason of achievement of the target level of performance. 
  

	5.	Method of Election. An Eligible Participant who wishes to receive an Exchange Grant (an “Electing Participant”) must deliver to the Vice President –
Human Resources and Medical a written irrevocable election in a form acceptable to the Executive Vice President Law & Government Affairs and Secretary of the Company specifying the amount of Elective Compensation the Electing Participant wishes
to forego (the “Cancelled Incentive Payment”), on the earlier of the date established by the Committee from time to time or December 31 of the year prior to the fiscal year in which the Eligible Participant earns the annual incentive. .

  

	6.	Date of Grant. Unless otherwise determined by the Committee, the Exchange Grant will be issued once a year on the date the annual incentive compensation plan payment
earned in the prior year is made. 

	7.	Valuation. For purposes of determining the number of shares subject to an Exchange Grant, the following valuation rules shall apply. 

  

	 	(1)	The Cancelled Incentive Payment otherwise payable in cash will be valued at its dollar equivalent; and 

  

	 	(2)	For annual incentive compensation to be earned for calendar year 2005 and for subsequent calendar years, the Restricted Stock award shall be equal to the number of shares determined
by dividing 135% of the Cancelled Incentive Payment by the Fair Market Value of Company stock, determined under the Plan on the date of grant. 

  

	8.	Vesting. The Exchange Grant shall be subject to restrictions for a period of three years from the date of grant, provided however, the Committee may establish
performance objectives for each grant to permit the restrictions to lapse over a shorter period, but in no event shall restrictions lapse in less than one year. Notwithstanding the foregoing, the Committee retains discretion to amend or modify these
performance objectives at any time. 

  

	9.	Committee Discretion. Notwithstanding anything else contained herein to the contrary, the Committee shall have the right prior to the grant date, to override an
election in whole or in part. If the Committee overrides an election in whole or in part, the Company shall reinstate the amount of the Cancelled Incentive Payment related thereto. 

  

	10.	Unvested Restricted Stock. In the event of the death of a participant with an Exchange Grant, all restrictions on the Exchange Grant shall lapse. In the event of the
termination of employment due to Disability of a participant with an Exchange Grant or in the event that a participant with an Exchange Grant is involuntarily terminated by the Company other than for Cause, the Committee agrees to permit the
participant to elect to (i) receive a proration of the outstanding award as set forth in the Plan, or (ii) surrender the Exchange Grant in exchange for the amount of the cash award previously foregone and the award of Restricted Stock will terminate
as if never granted. With the consent of the Committee, in the event of retirement as defined in the Burlington Northern Santa Fe Retirement Plan, a participant may receive a proration of outstanding Exchange Grants made before January 1, 2005, as
set forth in the Plan. In the event that a participant with an Exchange Grant made after December 31, 2004, retires or otherwise voluntarily terminates employment with the Company, the Exchange Grant shall be forfeited. 

  

	11.	Grant Terms. The grant shall be issued from authorized, but unissued shares or from treasury shares. 

  

	12.	Amendments. This Program may be amended or terminated at any time by resolution of the Committee, provided that amendments which do not increase benefits may be
approved by the Chief Executive Officer of the Company, who shall report the changes to the Chairman of the Committee.Burlington Northern Santa Fe Salary Exchange Option Program

 Exhibit 10.2 
  
 As Amended and Restated 2/28/2005 
  
 BURLINGTON NORTHERN SANTA FE SALARY EXCHANGE OPTION PROGRAM 
  

	1.	Authority to Adopt. This program (the “Program”) has been adopted by the Compensation and Development Committee (the “Committee”) of the Board of
Directors of Burlington Northern Santa Fe Corporation (the “Company”) pursuant to its authority to promulgate rules for the administration and operation of the Burlington Northern Santa Fe 1999 Stock Incentive Plan (the “Plan”)
for non-qualified stock option grants. This Program is effective January 1, 1999. 

  

	2.	Purpose. The purpose of this Program is to enable the Committee and its designated representatives to grant stock option awards (“Exchange Option Grants”) to
key employees in exchange for the employees’ elective reduction of compensation otherwise payable to them, including cash compensation and other forms of compensation designated by the Committee (“Elective Compensation”).

  

	3.	Eligibility. The Committee shall designate key employees or classes of eligible employees (the “Eligible Participants”) who shall be eligible to receive an
Exchange Option Grant in exchange for foregoing Elective Compensation. 

  

	4.	Amount of Elective Compensation. Unless the Committee shall designate another amount of Elective Compensation as to any Eligible Participant, each Eligible Participant
may elect to exchange all or any portion of the following element of compensation for an Exchange Grant: 

  
 Up to 25% of such Eligible Participant’s annual base salary for a calendar year up to three consecutive calendar years, to be deducted ratably with a
minimum election of $5,000 for any calendar year. 
  

	5.	Method of Election. An Eligible Participant who wishes to receive an Exchange Option Grant (an “Electing Participant”) must deliver to the Vice President
– Human Resources and Medical a written irrevocable election in a form acceptable to the Executive Vice President Law & Government Affairs and Secretary of the Company specifying the amount of Elective Compensation the Electing Participant
wishes to forego (the “Canceled Compensation”), on the earlier of the date established by the Committee from time to time or December 31 of the year prior to the year in which the compensation is earned. Notwithstanding the previous
provisions of this section, no exchange elections may be made after February 28, 2005 (the “Freeze Date”); provided that elections to participate in the Salary Exchange Option Program filed on or before the Freeze Date in accordance with
the terms of such program shall continue in effect in accordance with their terms. 

	6.	Date of Grant. For elections filed in accordance with paragraph 5 prior to December 1, 1999, and unless otherwise determined by the Committee, the Exchange Grant will
be issued January 1 of the year in which the Canceled Compensation is to be earned. For elections filed in accordance with paragraph 5 after December 1, 1999, and unless otherwise determined by the Committee, the Exchange Grant will be issued
January 1 of the year in which the Canceled Compensation is to be earned; provided that if the grant is in exchange for Canceled Compensation otherwise payable over a period of more than one year, then the Exchange Grant shall be issued on the first
day of the multiple-year period. 

  

	7.	Terms of Grant. Each Exchange Option Grant shall be granted at the Fair Market Value as defined in the Burlington Northern Santa Fe 1999 Stock Incentive Plan on the
date of grant in an amount equal to 450 option shares for each $1,000 of Canceled Compensation. Such Exchange Option Grants shall become exercisable one year from the date of grant; provided that in the event of an election to forego compensation
for multiple years, such Exchange Option Grant shall become exercisable ratably over the number of years for which an election is made beginning one year from date of grant based upon the Canceled Compensation for each year divided by the total
amount of Canceled Compensation. Such options shall have a term of ten years and shall be subject to the terms and conditions of the Burlington Northern Santa Fe 1999 Stock Incentive Plan. In the event a participant wishes to terminate an election
that was filed in accordance with paragraph 5 prior to December 1, 1999, he or she may do so in respect to Elective Compensation for all future calendar years covered by such election, and such portion of the Exchange Option Grant related to such
compensation shall be immediately forfeited; provided that no such termination shall be permitted with respect to elections filed in accordance with paragraph 5 after December 1, 1999. 

  

	8.	Reloads. Reload options are hereby granted to senior executives and to individuals in Salary Band 36 and above in respect to Exchange Option Grants, subject to the
terms and conditions of the Plan, in respect to options granted under current or predecessor plans of the Company or its affiliates; provided a) that only two reloads on each option grant is permitted; b) that reloads are only available to current
and actively employed individuals at the time of exercise of the Exchange Option Grant; and c) that reload rights are transferable to the same extent as option rights. 

  

	9.	Committee Discretion. Notwithstanding anything else contained herein to the contrary, the Committee shall have the right, prior to the grant date, to override an
election in whole or in part. If the Committee overrides an election in whole or in part, the Company shall reinstate the amount of the Canceled Compensation related thereto. 

	10.	Unvested Stock Options. 

  
 a) In the event that a participant with an Exchange Option Grant resigns or is terminated for Cause, the full amount of the Exchange Option Grant shall be
forfeited. 
  
 b) In the event that a participant with an
Exchange Option Grant dies, all restrictions shall lapse and the full amount of the Exchange Option Grant shall be exercisable. 
  
 c) In the event that a participant with an Exchange Option Grant terminates due to Disability, Retirement or is involuntarily terminated by the Company
other than for Cause, any portion of the outstanding award that is not exercisable shall be vested to the extent compensation for such options has been foregone and the award shall remain exercisable in accordance with the terms and limitations of
the Plan. 
  
 d) The Change in Control provisions set forth in
the Plan shall apply to all grants of stock options issued pursuant to this Program or as such Change in Control provisions may be modified by the Committee in its sole discretion prior to the date of an Exchange Option Grant, but in no event shall
these Exchange Option Grants be available under any Change in Control agreement that has become effective prior to the date of a grant hereunder. 
  

	11.	Grant Terms. The grant shall be issued from authorized, but unissued shares or from treasury shares. 

  

	12.	Amendments. This Program may be amended or terminated at any time by resolution of the Committee, provided that amendments which do not increase benefits may be
approved by the Chief Executive Officer of the Company, who shall report the changes to the Chairman of the Committee.

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