Document:

exv10w13

EXHIBIT 10.13

THE MONSANTO COMPANY

NON-EMPLOYEE DIRECTOR EQUITY INCENTIVE COMPENSATION PLAN

(As Amended And Restated Effective September 1, 2011)

     1. NAME OF PLAN; PLAN DOCUMENT. This plan shall be known as the “The Monsanto Company
Non-Employee Director Equity Incentive Compensation Plan” and is hereinafter referred to as the
“Plan.” The Plan document consists of this document and the Procedures (as defined below)
established from time to time as contemplated hereby.

     2. PURPOSES OF PLAN. The purposes of the Plan are to enable Monsanto Company, a Delaware
corporation (the “Company”), to retain qualified persons to serve as Directors by providing for
their compensation and permitting them to elect to defer a portion thereof, and to further align
the interests of Directors with the interests of shareholders of the Company by providing them with
equity-based compensation.

     3. EFFECTIVE DATE AND TERM. The Plan was established by the Board, effective as of September
20, 2000 (the “Effective Date”), subsequently amended by the Board effective as of September 19,
2002, December 3, 2003, and May 1, 2005, and further amended and restated as of September 1, 2007.
The Plan was again amended and restated effective as of September 1, 2011, which amendment and
restatement shall govern all compensation earned hereunder on and after September 1, 2011 (with the
applicable pre-amendment versions of the Plan to govern compensation earned prior to September 1,
2011). The Plan shall remain in effect until terminated by action of the Board, or until all
Participants have received all amounts to which they are entitled hereunder, if earlier.

     4. DEFINITIONS. The following terms shall have the meanings set forth below:

     “Additional Retainer” means any additional retainer to which a Director is entitled under this
Plan for service in a specified position, as set forth in Section 6(a).

     “Annual Additional Retainer Amount” means the annualized value of the Additional Retainer to
which a Director is entitled under this Plan as of any particular time.

     “Annual Basic Retainer Amount” means the annualized value of the Basic Retainer to which a
Director is entitled under this Plan as of any particular time.

     “Annual Meeting” means an annual meeting of the shareholders of the Company.

     “Annual Retainer Amount” means the annualized value of the Retainer to which a Director is
entitled under this Plan as of any particular time.

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     “Basic Retainer” means the retainer to which each Director is entitled under this Plan for
service on the Board, as set forth in Section 6(a).

     “Beneficiaries” has the meaning set forth in Section 7(b)(iii).

     “Beneficiary Designation” has the meaning set forth in Section 7(b)(iii).

     “Board” means the Board of Directors of the Company.

     “Cash Account” has the meaning set forth in Section 7(a).

     “Chairman” means the Chairman of the Board.

     “Committee” means the People and Compensation Committee of the Board.

     “Common Stock” means the Company’s common stock, par value $0.01 per share.

     The “Company” means Monsanto Company, a Delaware corporation.

     “Crediting Date” has the meaning set forth in Section 6(c)(iii).

     “Current Cash” has the meaning set forth in Section 6(a).

     “Deferral Account” means a bookkeeping account maintained by the Company for a Director
representing the Director’s interest in the stock units or cash credited to such account pursuant
to Sections 6 and 7.

     “Deferred Cash” has the meaning set forth in Section 6(a).

     “Deferred Stock” means shares of Common Stock credited to a Stock Unit Account pursuant to
Section 6(c)(ii) and Section 7 and later delivered pursuant to Section 7.

     “Delivery Election” has the meaning set forth in Section 7(b)(i).

     “Delivery Starting Date” has the meaning set forth in the Procedures.

     “Director” means an individual who is a non-employee member of the Board.

     The “Dividend Equivalent” for a given dividend or distribution means a number of shares (or
fractions of a share) of Common Stock having a Value, as of the date such Dividend

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Equivalent is credited to a Stock Unit Account, equal to the amount of cash, plus the fair market
value on the date of distribution of any property, that is distributed with respect to one share of
Common Stock pursuant to such dividend or distribution; such fair market value to be determined by
the Committee in good faith.

     “Elective Amount” has the meaning set forth in Section 6(a).

     “Exchange Act” means the Securities Exchange Act of 1934.

     The “Initial Participation Date” for a Participant means the first day on which he or she
became a Participant.

     The “Interest Rate” for a calendar year means the average Moody’s Baa Bond Index Rate, as in
effect from time to time.

     “Long-Term Incentive Plan” means the Monsanto Company Long-Term Incentive Plan or the Monsanto
Company 2005 Long-Term Incentive Plan.

     “Month” means a calendar month.

     “Participant” has the meaning set forth in Section 5.

     “Periodic Election” has the meaning set forth in Section 6(a).

     “Plan” has the meaning set forth in Section 1.

     “Plan Year” means each period that begins on a September 1 and ends on the following August
31.

     “Procedures” means the rules established by the Committee relating to Periodic Elections,
Delivery Elections and other compensation payable hereunder that is subject to Section 409A, as
more fully described in Section 12.

     “Required Deferred Stock Amount” has the meaning set forth in Section 6(a).

     “Restricted Stock” means shares of Common Stock granted in accordance with Section 6(c)(ii).

     “Retainer” means the sum of the Basic Retainer and any Additional Retainer to which a Director
is entitled under this Plan.

     “Section” means a section of the Plan except where otherwise specifically indicated.

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     “Section 409A” means Section 409A of the Internal Revenue Code of 1986, as amended, and the
regulations promulgated thereunder.

     “Stock Unit Account” has the meaning set forth in Section 7(a).

     “Term” means the term of years for which a Participant has been elected a Director.

     The “Termination Date” for a Participant is the date of the Participant’s “separation from
service” within the meaning of Section 409A.

     The “Value” of a share of Common Stock shall mean, with respect to any given date, the closing
per-share sales prices for the shares of Common Stock during normal business hours on the New York
Stock Exchange for that date, or if the shares of Common Stock were not traded on the New York
Stock Exchange on that date, then on the next preceding date on which the shares were traded, all
as reported by such source as the Committee may select.

     5. ELIGIBLE PARTICIPANTS. Each individual who is a Director on the Effective Date or becomes
a Director thereafter while the Plan is in effect shall be a participant (“Participant”) in the
Plan.

     6. DIRECTOR COMPENSATION. (a) GENERAL. In consideration for his or her services as a
Director, each Participant shall receive an annual value equal to the Basic Retainer plus any
Additional Retainer that may apply, in the forms provided for in this Plan. Effective as of
September 1, 2011, the Annual Basic Retainer Amount for all Directors shall be $215,000, and the
Annual Additional Retainer Amount for a Director shall be, as applicable: (i) for service as a
non-employee Chairman of the Board, $40,000; (ii) for service as the Lead Director of the Board,
$25,000; (iii) for service as the Chair of the Audit and Finance Committee of the Board, $35,000;
(iv) for service as the Chair of the People and Compensation Committee of the Board or the Chair of
the Nominating and Corporate Governance Committee of the Board, $25,000; (v) for service as the
Chair of the Sustainability and Corporate Responsibility Committee of the Board or the Chair of the
Science and Technology Committee of the Board, $20,000; and (vi) for service as a member of the
Audit and Finance Committee of the Board other than as the Chair of such committee, for service a
member of the People and Committee of the Board other than as the Chair of such committee, or for
service as a member of the Nominating and Corporate Governance Committee of the Board other than as
the Chair of such committee, $15,000, provided, however, that the Board may specify different
Annual Basic Retainer Amounts and/or different Annual Additional Retainer Amounts from time to
time. If a Director serves in more than one of the positions listed in the preceding sentence, he
or she shall receive an aggregate Additional Retainer equal to the sum of the applicable amounts
specified in the preceding sentence for each such position. Any increase or decrease in a
Director’s Annual Retainer Amount that results from a change in the Director’s position(s) shall
take effect as of the first day of the Month in which the change in position occurs, and the
Retainer actually paid or

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provided to the Director under this Plan shall be adjusted appropriately, pro-rata based upon the
number of Months in the Plan Year from and after the Month in which the change occurs.

     Retainers shall be provided as follows: (i) half of each Retainer (the “Required Deferred
Stock Amount”) shall take the form of Deferred Stock, as more fully set forth in Section 6(c); and
(ii) the other half of each Retainer (the “Elective Amount”) shall take the form of (A) cash paid
currently (“Current Cash”) or deferred cash (“Deferred Cash”), as more fully set forth in Section
6(b), or (B) Restricted Stock or additional Deferred Stock, as more fully set forth in Section
6(c), or a combination thereof.

     Each Participant shall be provided with the opportunity, in accordance with, and subject to
any limitations set forth in, the Procedures, to make elections with respect to periods during
which he or she is a Participant (a “Periodic Election”) specifying what portion of the Elective
Amount for such periods will be provided to the Participant in the form of Current Cash, Deferred
Cash, Restricted Stock and Deferred Stock. A Periodic Election or any permitted revocation thereof
or change thereto shall be made at such time or times, in such forms, and shall take effect at such
time, and for such periods, as may be specified in the Procedures. Unless and until a Periodic
Election takes effect for a Participant in accordance with the Procedures, he or she shall receive
the entire Elective Amount in the form of Current Cash.

     Each non-employee Director shall be granted shares of restricted Common Stock on the date he
or she commences service as a member of the Board, upon such terms and conditions as approved by
the Board. The number of shares of restricted Common Stock granted to the Director shall be equal
to: (i) the amount of the Annual Basic Retainer Amount in effect on the date the Director commences
service as a member of the Board; divided by (ii) the Value of a share of Common Stock on such
date.

          (b) CASH. The portion, if any, of the Elective Amount for a particular Plan Year that the
Participant elects to have paid in Current Cash shall be paid, and the portion, if any, of the
Elective Amount for a particular Plan Year that the Participant elects to have paid in Deferred
Cash shall be credited to a Cash Account maintained by the Company pursuant to Section 7 below, in
each case in substantially equal monthly installments on the last day of each Month that occurs
during the Plan Year for which it is paid or credited (as applicable), but in each case only if the
Participant remains a Director on that day. If a Participant’s Termination Date occurs other than
on the last day of a Month, the Participant shall forfeit any Current Cash and any Deferred Cash
attributable to periods following the last day of the preceding Month.

          (c) STOCK. (i) The portion, if any, of the Elective Amount that the Participant elects to
have provided in Restricted Stock shall be issued, as of the applicable Crediting Date, in the name
of the Participant in the form of a number of shares of Common Stock having a Value, as of the
applicable Crediting Date, equal to the amount of such portion. Such shares shall be forfeitable
and nontransferable, until they vest in accordance with the provisions of Section 6(c) (iv). The
Restricted Stock shall be issued to Participants in accordance with the Procedures upon such terms
and conditions as approved by the Board, and shall

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become transferable by Participants when and as it vests. Participants shall have the right to
receive any cash dividends issued with respect to shares of Restricted Stock at the same time as
other shareholders of the Company. Stock dividends issued with respect to Restricted Stock shall
be treated as additional Restricted Stock and shall be subject to the same restrictions and other
terms and conditions that apply to the Restricted Stock with respect to which such dividends are
issued.

          (ii) The Required Deferred Stock Amount for a particular Plan Year and the portion, if any, of
the Elective Amount for that Plan Year that a Participant elects to have provided in Deferred
Stock, shall be provided to the Participant by crediting as of the applicable Crediting Date, to a
Stock Unit Account maintained by the Company pursuant to Section 7, a number of stock units
representing hypothetical shares of Common Stock having a Value, as of the applicable Crediting
Date, equal to the Required Deferred Stock Amount to which the Participant is entitled and the
portion, if any, that the Participant has elected to have provided in Deferred Stock. Such
Deferred Stock shall vest as set forth in Section 6(c)(iv).

          (iii) The Deferred Stock and any Restricted Stock to be provided to a Participant for a
particular Plan Year shall be determined, the appropriate amount of Deferred Stock shall be
credited, and, if applicable, the appropriate amount of Restricted Stock shall be issued, as of the
first day of that Plan Year, based upon the Annual Retainer Amounts as in effect on that day. In
the case of an individual whose Initial Participation Date is not the first day of a Plan Year, the
Deferred Stock and any Restricted Stock to be provided to a Participant for the Plan Year that
includes the Initial Participation Date shall be determined, the appropriate amount of Deferred
Stock shall be credited, and, if applicable, the appropriate amount of Restricted Stock shall be
issued, as of the last day of the Month that includes the Initial Participation Date, based upon
the Annual Retainer Amounts as in effect on the Initial Participation Date. If the Annual Retainer
Amount of a Participant increases during a Plan Year, an additional amount of Deferred Stock and,
if applicable, Restricted Stock shall be determined, the appropriate amount of Deferred Stock shall
be credited, and, if applicable, the appropriate amount of Restricted Stock shall be issued, as of
the last day of the Month in which such increase takes effect. Each date on which Deferred Stock
is to be credited or Restricted Stock is to be issued is referred to as a “Crediting Date.” If the
Annual Retainer Amount of a Participant decreases during a Plan Year, a number of whole shares of
the Deferred Stock and, if applicable, Restricted Stock previously issued or credited to that
Participant during that Plan Year shall be forfeited, to reflect as nearly as possible the
resulting decrease in the aggregate Retainer to which the Participant will in fact be entitled for
that Plan Year.

          (iv) The Deferred Stock and any Restricted Stock provided to a Participant as of the first day
of a particular Plan Year shall vest in substantially equal monthly installments on the last day of
each Month during the Plan Year for which they were granted, pro-rata based upon the percentage of
the Plan Year that is attributable to such Month, and any Deferred Stock and Restricted Stock
provided to a Participant as of any other Crediting Date shall vest in substantially equal monthly
installments on the last day of each Month during the portion of the Plan Year that follows such
Crediting Date, pro-rata based upon the percentage

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of such portion of the Plan Year that is included in such Month; but in each case only if the
Participant remains a Director on the last day of such Month; provided, that if a Participant’s
Termination Date occurs other than on the last day of a Month, the Participant shall forfeit any
Restricted Stock or Deferred Stock that is attributable to periods following the last day of the
preceding Month; and provided, further, that the number of shares with respect to which Restricted
Stock and/or Deferred Stock vests on a particular day shall be rounded to the nearest whole number
of shares, if necessary to avoid vesting with respect to a fractional share.

     7. (a) DEFERRAL ACCOUNTS. The Company shall maintain a “Stock Unit Account” for each
Participant with respect to that Participant’s Deferred Stock and, for a Participant who makes a
Periodic Election to receive Deferred Cash, a “Cash Account,” and shall make credits to these
Deferral Accounts as provided in Section 6 and this Section 7. Whenever a dividend is paid or
other distribution made with respect to the Common Stock, each Stock Unit Account shall be credited
with a number of shares of Common Stock having a Value, as of the date such dividend is paid or
such distribution is made, equal to (i) the number of stock units in such Stock Unit Account as of
the record date for such dividend or distribution multiplied by (ii) the Dividend Equivalent for
such dividend or other distribution. The shares so credited with respect to Deferred Stock that
has not vested as of the record date for the dividend or distribution shall vest as and when such
Deferred Stock vests. Each Cash Account shall accrue interest on the balance therein at the
Interest Rate, to be credited and compounded monthly.

          (b) DELIVERY OF ACCOUNT BALANCES. (i) Each Participant shall be provided the opportunity to
elect, in accordance with the Procedures, the manner in which his or her Deferral Account balances
will be distributed on or after his or her Termination Date (each such election, a “Delivery
Election”). The Procedures shall also specify (A) whether, and to what extent, different Delivery
Elections may be made with respect to amounts of cash credited to a Cash Account and stock units
credited to a Stock Unit Account, and with respect to amounts credited pursuant to different
Periodic Elections, (B) the choices for the form and time of delivery offered to Participants (such
as single sum or installment delivery and the timing of the Participant’s Delivery Starting Date),
and (C) the form and time of delivery if a Participant does not make a valid Delivery Election with
respect to any portion of his or her Cash Account or Stock Unit Account.

          (ii) The stock units in a Participant’s Stock Unit Account and/or the cash in a Participant’s
Cash Account, as applicable, shall be delivered on or beginning on the Delivery Starting Date in
accordance with the Participant’s applicable Delivery Elections. In the case of deliveries from a
Cash Account, such delivery shall be made in the form of cash. In the case of deliveries from a
Stock Unit Account, such delivery shall be made in the form of stock representing a number of
shares of Common Stock equal to the number of stock units as and when they are to be delivered;
provided, that if the number of shares to be delivered on any particular date included a fractional
share, such number of shares shall be rounded down to the nearest whole number, and if such
delivery is the last delivery from a Stock Unit Account to be made to the Participant, the Company
shall pay the Participant cash in an amount equal to the

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Value of such fractional share on the date of delivery. If any such stock units or cash are to be
delivered after the Participant has become legally incompetent, they shall be delivered to the
Participant’s legal guardian in accordance with the foregoing.

          (iii) Participants shall be provided with the opportunity to designate, in accordance with the
Procedures, the person or persons (“Beneficiaries”) who will receive distributions of his or her
interests in the Plan upon the death of the Participant (a “Beneficiary Designation”). The
Procedures shall specify whether, how, and subject to what conditions a Beneficiary Designation or
Delivery Election may be superseded or revoked. The Procedures also shall specify the form and
timing of payment in the event of the death of a Participant prior to the completion of all
distributions of the Participant’s interest in the Plan. If a Participant does not have a valid
Beneficiary Designation in effect as of the date of his or her death, his or her Beneficiary shall
be his or her estate.

     8. DELIVERY OF SHARES; VOTING AND OTHER RIGHTS. The shares delivered to a Participant
pursuant to Section 6 or 7 above shall be issued in the name of the Participant, or the
Participant’s Beneficiary, as the case may be, and the Participant, or the Participant’s
Beneficiary, as the case may be, shall be entitled to all rights of a shareholder with respect to
Common Stock for all such shares issued in his or her name, including the right to vote the shares,
and the Participant shall receive all dividends and other distributions paid or made with respect
thereto from and after the date of such issuance, except as specifically provided in Section
6(c)(i).

     9. GENERAL RESTRICTIONS. (a) Notwithstanding any other provision of the Plan or agreements
or certificates created pursuant thereto, the Company shall not be required to issue or deliver any
shares of Common Stock under the Plan prior to fulfillment of all of the following conditions:

          (i) Listing or approval for listing upon official notice of issuance of such shares on the New
York Stock Exchange, or such other securities exchange as may at the time be a market for the
Common Stock;

          (ii) Any registration or other qualification of such shares under any state or federal law or
regulation, or the maintaining in effect of any such registration or other qualification which the
Committee shall, in its absolute discretion upon the advice of counsel, deem necessary or
advisable; and

          (iii) Obtaining any other consent, approval, or permit from any state or federal governmental
agency which the Committee shall, in its absolute discretion after receiving the advice of counsel,
determine to be necessary or advisable provided, however, that notwithstanding the foregoing, the
payment in the form of issuance or delivery of shares of Common Stock shall not be delayed unless
the Committee reasonably anticipates that the issuance or delivery of the shares of Common Stock
will violate Federal securities or other applicable law, and provided further that in the event the
issuance or delivery of shares of

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Common Stock is delayed hereunder, such issuance or delivery will thereafter be made at the
earliest date at which the Committee reasonably anticipates that the issuance or delivery will not
cause such violation.

          (b) Nothing contained in the Plan shall prevent the Company from adopting other or additional
compensation arrangements for the Participants.

          (c) Except as specifically provided in the Plan with respect to Beneficiary Designations, no
Participant or Beneficiary shall have the right to assign, pledge or otherwise dispose of his or
her interest in any Deferral Account, nor shall the interest of a Participant or Beneficiary
therein be subject to garnishment, attachment, transfer by operation of law, or any legal process.

          (d) The Plan is intended to constitute an unfunded plan for incentive and deferred
compensation of Directors, and the rights of Directors with respect to Deferral Accounts under the
Plan shall be those of general creditors of the Company. The Committee may authorize the creation
of trusts or other arrangements to meet the obligations created under the Plan to deliver Common
Stock or make payments, so long as the existence of such trusts or other arrangements and any
transfer of amounts thereto is consistent with the unfunded status of the Plan and does not result
in taxation under Section 409A.

     10. NUMBER AND SOURCE OF SHARES AVAILABLE. All Deferred Stock and Restricted Stock provided
for under the Plan shall automatically be granted under the Long Term Incentive Plan, and shall
reduce the number of shares available for awards under the Long Term Incentive Plan. Sections 5.1,
5.3, and 5.4 of the Long Term Incentive Plan shall apply with respect to awards made under the
Plan.

     11. CHANGE IN CAPITAL STRUCTURE. (a) In the event that there is, at any time after the Board
adopts the Plan, any change in the Common Stock by reason of any stock dividend, stock split,
combination of shares, exchange of shares, warrants or rights offering to purchase Common Stock at
a price below its fair market value, reclassification, recapitalization, merger, consolidation,
spin-off or other change in capitalization of the Company, appropriate adjustment shall be made in
the number and kind of shares or other property held in the Stock Unit Accounts (taking into
account whether any Dividend Equivalent is credited to the Stock Unit Accounts in connection
therewith), and any other relevant provisions of the Plan by the Committee, whose determination
shall be binding and conclusive on all persons. Options and Restricted Stock granted pursuant to
the Plan and the Long Term Incentive Plan shall be subject to adjustment pursuant to Section 5 of
the Long Term Incentive Plan.

          (b) If the shares of Common Stock credited to the Stock Unit Accounts are converted pursuant
to this Section 11 into cash or another form of property, references in the Plan to the Common
Stock shall be deemed, where appropriate, to refer to such cash or other form of property, with
such other modifications as may be required for the Plan to operate in accordance with its
purposes. Without limiting the generality of the

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foregoing, references to delivery of certificates for shares of Common Stock shall be deemed to
refer to delivery of cash and the incidents of ownership of any other property held in the Stock
Unit Accounts.

     12. PROCEDURES; ADMINISTRATION

          (a) The Committee shall adopt and from time-to-time amend Procedures relating to Periodic
Elections, Delivery Elections and other compensation payable hereunder that is subject to Section
409A, and shall take all actions necessary to ensure that the documentation and administration of
the Plan complies with the requirements of Section 409A with respect to all compensation payable
under the Plan that is subject to Section 409A; it being understood that the Committee may delegate
(including, without limitation, to one or more employees of the Company and its Subsidiaries) its
responsibility for the documentation and administration of the Plan (other than amendments to the
Plan or the Procedures). The Procedures, together with this document, shall constitute the plan
document for the Plan.

          (b) The Committee shall have full authority to construe and interpret the Plan, and to take
all actions and make such determinations in connection with the Plan as it may deem necessary or
desirable.

     13. AMENDMENT. The Board may from time to time make such amendments to the Plan as it may deem
proper and in the best interest of the Company, and it may terminate the Plan at any time.
However, no such amendment or termination shall result in the payment of any compensation under the
Plan that is subject to Section 409A at a time or times, or under circumstances, not permitted by
Section 409A. Without limiting the generality of the foregoing, under no circumstances may any
amendment or termination of the Plan result in the acceleration of the payment of compensation
payable under the Plan that is subject to Section 409A, except as may be permitted by Section 409A.

     14. MISCELLANEOUS. (a) Nothing in the Plan shall be deemed to create any obligation on the
part of the Board to nominate any Director for reelection by the Company’s shareholders or to limit
the rights of the shareholders to remove any Director.

          (b) The Company shall have the right to require, prior to the issuance or delivery of any cash
or shares of Common Stock pursuant to the Plan, that a Director make arrangements satisfactory to
the Committee for the withholding of any taxes required by law to be withheld with respect to the
issuance or delivery of such cash or shares, including without limitation by the withholding of
shares that would otherwise be so issued or delivered, by withholding from any other payment due to
the Director, or by a cash payment to the Company by the Director. In the event a Director fails
to make satisfactory arrangements for the withholding of such taxes, the Company shall withhold
from the cash or shares that would otherwise be so issued or delivered.

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     15. GOVERNING LAW. The Plan and all actions taken thereunder shall be governed by and
construed in accordance with the laws of the State of Delaware.

11exv10w14w10

EXHIBIT 10.14.10                              

Fiscal Year [20_ _ ] Stock Option Grant

Terms and Conditions

You have received a grant of Non-Qualified Options (collectively, the “Option”) under the
Monsanto Company [20__] Long-Term Incentive Plan, as amended (the “Plan”). The Grant Date, the
number of Shares covered by the Option, and the Exercise Price are set forth in the document you
have received entitled “Fiscal [20_ _ ] Long-Term Incentive Statement.” The Fiscal [20_ _]
Long-Term Incentive Statement and these terms and conditions collectively constitute the Award
Certificate for the Option, and describe the provisions applicable to the Option. This Option is
not intended to qualify as an “incentive stock option” as defined in Section 422 of the Code.

     1. Definitions. Each capitalized term not otherwise defined herein has the meaning
set forth in the Plan or, if not defined in the Plan, in the attached Fiscal 2012 Long-Term
Incentive Statement. The “Company” means Monsanto Company, a Delaware corporation incorporated
February 9, 2000.

     2. Exercisability. (a) The Option shall vest in accordance with the following
schedule.

	 	 	 
	Vesting Date	 	Shares to Vest
	[_______] 15, [20__]

	 	[1/3 of the Option]
	November 15, [20__]

	 	[1/3 of the Option]
	November 15, [20__]

	 	Remaining unvested portion of the Option

     (b) The provisions of this Section 2(b) shall govern vesting of the Option upon a Change of
Control, notwithstanding the provisions of Section 11.17 of the Plan.

          (i) Upon a Change of Control, the Option, if outstanding, shall vest in full, except to the
extent that another award meeting the requirements of Section 2(b)(ii) is provided to you to
replace the Option (any award meeting the requirements of Section 2(b)(ii), a “Replacement Award”).

          (ii) An award shall meet the conditions of this Section 2(b)(ii) (and hence qualify as a
Replacement Award) if: (1) it is a stock option or stock appreciation right in respect of publicly
traded equity securities of the Company or the surviving corporation following the Change of
Control, (2) it has a value at least equal to the value of this Option as of the date of the Change
of Control (other than in respect of customary fractional rounding of share amounts and exercise
price), (3) it contains terms relating to vesting and exercisability (including with respect to
Termination of Service) that are substantially identical to those of this Option, and

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(4) its other terms and conditions are not less favorable to you than the terms and conditions of
this Option as of the date of the Change of Control. Without limiting the generality of the
foregoing, a Replacement Award may take the form of a continuation of this Option if the
requirements of the preceding sentence are satisfied. The determination of whether the conditions
of this Section 2(b)(ii) are satisfied shall be made by the Committee, as constituted immediately
before the Change of Control, in its sole discretion.

     (c) Except as otherwise provided in the Plan, the Option may be exercised at any time after it
vests and before its term expires or it is sooner forfeited as provided in Sections 3 and 4 below.

     3. Term. The term of the Option shall, subject to Section 4, expire on the tenth
anniversary of the Grant Date.

     4. Retirement, Disability, Death or Other Termination of Service; Transfer. If you
experience a Termination of Service for any reason before the first anniversary of the Grant Date
(unless such Termination of Service follows a Change of Control), the Option shall be forfeited.
If you experience a Termination of Service on or after the first anniversary of the Grant Date (or,
if earlier, after a Change of Control), including, without limitation, by reason of a Retirement
Event, death, Disability, or involuntary termination other than for Cause, the Option shall vest
and remain exercisable (or be forfeited) to the extent, and only to the extent, provided in this
Section 4, notwithstanding any differing treatment set forth in Section 6.5 of the Plan.

     (a) Retirement Event. If you experience a Termination of Service as a result of a
Retirement Event on or after the first anniversary of the Grant Date (or, if earlier, after a
Change of Control), the Option shall become fully vested and shall remain exercisable until the
earlier of the fifth anniversary of the date of your Termination of Service or the tenth
anniversary of the Grant Date, and then shall be forfeited to the extent not exercised. For
purposes of this Award Certificate, “Retirement Event” means: (i) a Termination of Service (other
than by the Company for Cause) on or after your 55th birthday and your completion of
five years of service with the Company and any of its Subsidiaries and Affiliates; or (ii) a
Termination without Cause on or after your 50th birthday due to a job-elimination or
divestiture of the Affiliate or Subsidiary by which you were employed.

     (b) Death or Disability. If you experience a Termination of Service as a result of
death or Disability on or after the first anniversary of the Grant Date (or, if earlier, after a
Change of Control), the Option shall become fully vested and shall remain exercisable until the
earlier of the first anniversary (or, if such termination of Service occurs on or after your
55th birthday and your completion of five years of service with the Company and any of
its Subsidiaries and Affiliates, the fifth anniversary) of the date of your Termination of Service
or the tenth anniversary of the Grant Date, and then shall be forfeited to the extent not
exercised.

     (c) Termination for Cause. If you experience a Termination for Cause, the Option,
whether vested or not, shall immediately be forfeited.

2

 

     (d) Voluntary Termination; Certain Terminations Without Cause. If you experience a
voluntary Termination of Service (other than as a result of a Retirement Event or a voluntary
termination governed by Section 4(e)) or a Termination Without Cause that is neither a Retirement
Event nor governed by Section 4(e), then, to the extent the Option is vested on the date of your
Termination of Service, it shall remain exercisable until the earlier of the 90th day after the
date of your Termination of Service or the tenth anniversary of the Grant Date, and then shall be
forfeited to the extent not exercised, and any portion of the Option that is not vested on the date
of your Termination of Service shall be forfeited upon your Termination of Service.

     (e) Job Elimination; Termination Without Cause Following a Change of Control. If you
experience (x) a Termination without Cause (other than a Retirement Event) due to a job-elimination
or divestiture of the business, Affiliate or Subsidiary by which you were employed, on or after the
first anniversary of the Grant Date, or (y) at any time following a Change of Control, either (1) a
termination without Cause or (2) a termination under circumstances entitling you to severance
benefits under a constructive termination provision (including, without limitation, a “good reason”
provision or a constructive “involuntary termination” provision) of an agreement, plan or program
covering you, the Option shall become fully vested and shall remain exercisable until the earlier
of the first anniversary of the date of your Termination of Service or the tenth anniversary of the
Grant Date, and then shall be forfeited to the extent not exercised.

     5. Exercise Procedures. (a) You may exercise the Option at any time after the Option
has vested and become exercisable by giving notice to the Company specifying the number of Shares
for which the Option is being exercised. The notice shall be provided to the Company’s Designated
Administrator, in a manner set forth by the Company or the Designated Administrator for this
purpose. The “Designated Administrator” is the person or entity most recently specified by the
Company as such for purposes of the Plan.

     (b) The purchase price for the Shares for which the Option is being exercised shall be paid in
full at the time of exercise and any other information required by the Committee shall be provided
at that time. The purchase price shall be paid (i) in cash or by check, (ii) by tendering to the
Designated Administrator whole Shares (but not fewer than 100 Shares), valued at their Fair Market
Value on the date of exercise, or (iii) by any other method designated by the Committee. The
Committee may require payment in a particular or different method in order to comply with
applicable law.

     6. Withholding. In order for Shares to be delivered when you exercise the Option, you
must make arrangements satisfactory to the Company for the payment of any taxes required to be paid
or withheld in connection with the exercise of the Option. No more than the minimum required
withholding will be permitted in the form of Shares. While the Company reserves the right to
modify the methods of tax withholding that it deems acceptable, as of the time that this Award
Certificate is being delivered to you, tax withholding may be satisfied by (i)

3

 

cash or check, (ii) delivery of Shares, or (iii) retention by the Company, sale to a third party or
cancellation by the Company of Shares otherwise deliverable upon the Option exercise.

     7. Nontransferability. The Option is not transferable by you other than upon death by
will, the laws of descent and distribution, or written designation of a beneficiary. The Option is
exercisable, during your lifetime, only by you (or by your guardian or legal representative). Any
person who holds the Option is subject to the terms and conditions of this Award Certificate. No
transfer of the Option shall be effective to bind the Company unless the Company has been furnished
with written notice of the transfer and appropriate evidence to establish the validity of the
transfer and the acceptance by the transferee of the terms and conditions of this Award
Certificate.

     8. No Right to Continued Employment or Service. This Award Certificate shall not
limit or restrict the right of the Company or any Affiliate to terminate your employment or service
at any time or for any reason.

     9. Effect of Award Certificate; Severability. This Award Certificate shall be binding
upon and shall inure to the benefit of any successor of the Company and the person or entity to
whom the Option may have been transferred by will, the laws of descent and distribution or
beneficiary designation. The invalidity or enforceability of any provision of this Award
Certificate shall not affect the validity or enforceability of any other provision of this Award
Certificate.

     10. Amendment. The terms and conditions of this Award Certificate may not be
amended in a manner adverse to you without your consent.

     11. Discretionary Nature of the Plan. You acknowledge and agree that the Plan is
discretionary in nature and may be amended, cancelled, or terminated by the Company, in its sole
discretion, at any time. The grant of the Option under the Plan is a one-time benefit and does not
create any contractual or other right to receive a grant of stock options or benefits in lieu of
stock options in the future. Future grants of stock options, if any, will be at the sole
discretion of the Company, including, but not limited to, the timing of any grant, the number of
stock options, vesting provisions, and the exercise price.

     12. Plan Interpretation. This Award Certificate is subject to the provisions of the
Plan, and all of the provisions of the Plan are hereby incorporated into this Award Certificate as
provisions of this Option. If there is a conflict between the provisions of this Award Certificate
and the Plan, the provisions of the Plan (including, without limitation, those setting forth the
consequences of a Change of Control) govern. If there is any ambiguity in this Award Certificate,
any term that is not defined in this Award Certificate, or any matters as to which this Award
Certificate is silent, the Plan shall govern, including, without limitation, the provisions of the
Plan addressing construction, governing law, and the powers of the Committee, among others, to (a)
interpret the Plan, (b) prescribe, amend and rescind rules and regulations relating to the Plan,
(c) make appropriate adjustments to the Option to reflect non-

4

 

United States laws or customs or in the event of a corporate transaction, and (d) make all other
determinations necessary or advisable for the administration of the Plan.

5

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