Document:

exv10w18

Exhibit 10.18

CHANGE OF CONTROL AGREEMENT

[Tier 1 Form]

Name

Address

City, State

Dear Name:

This Change of Control Agreement (“Agreement”) is entered into effective this xxth day of xx, 200x,
between you and Dole Food Company, Inc. You are a key executive at Dole and an integral part of its
management. We recognize that the possibility of a change of control of Dole may result in the
departure or distraction of management to the detriment of Dole and its stockholders. We wish to
assure you of fair severance should your employment terminate in specified circumstances following
a change of control of Dole and to assure you of certain other benefits upon a change of control.
The capitalized terms used in this Agreement either are defined in the Appendices at the end of
this Agreement or otherwise are defined in the body of this Agreement. In consideration of your
continued employment with Dole and other good and valuable consideration, you and Dole agree as
follows:

1. Benefits Following Change of Control and Termination of Employment:

     (a) If, during the period beginning on the Change of Control Date and ending on the second
anniversary of the date on which the Change of Control becomes effective (a “Protected Period”),
your employment is terminated, you (or your beneficiaries, if you are deceased at the time of
payment) will receive the amounts and benefits stated in Exhibit A attached at the end of this
letter agreement, unless your employment is (i) Terminated by us for Cause or (ii) Terminated by
you other than for Good Reason, in which event, section 1(b) will control. A termination to which
this section 1(a) and Exhibit A applies is called a “Qualified Termination.” For all purposes of
this Agreement, if a Fundamental Transaction or an Asset Sale becomes effective or is consummated
that constitutes a Change of Control, you shall be deemed for all purposes of this Agreement to be
employed by the Corporation on the Change of Control Date if you were employed by the Corporation
on the later of (x) the date of the first public disclosure that an agreement with respect to such
Fundamental Transaction or Asset Sale has been entered into or (y) the date that is 270 calendar
days prior to the date on which such Fundamental Transaction or Asset Sale becomes effective or is
consummated, and the Change of Control Date shall be deemed to be such later date, if, after such
later date and prior to the date on which such Fundamental Transaction or Asset Sale becomes
effective or is consummated, your employment with Dole is either (1) Terminated by you on account
of an event or events that would constitute Good Reason if such event or events occurred after a
Change of Control Date, or (2) Terminated by us other than on account of an event or events that
would constitute Cause if such event or events occurred after a Change of Control Date.

     (b) If, during a Protected Period, your employment is (i) Terminated by us for Cause or (ii)
Terminated by you other than for Good Reason, this Agreement will terminate and our only obligation
to you under this Agreement will be the timely payment of Accrued Obligations. If your employment
is

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terminated because of death, we will pay the Accrued Obligations to your estate or
beneficiary, as applicable, in a lump sum in cash or equivalent within 30 days of the date on which
we are first informed of your death.

     (c) Any amount payable under this Agreement that is not paid when due will accrue interest at
the prime rate as from time to time in effect at Wells Fargo Bank, N.A., or its successors or
assigns, until paid in full.

2. Termination: For all purposes of this Agreement, if your employment is terminated
during a Protected Period (a “Termination”), the Termination will fall into one of four possible
categories: (a) Termination by us for Cause; (b) Termination by us other than for Cause; (c)
Termination by you for Good Reason; and (d) Termination by you other than for Good Reason. Any
Termination by us for Cause other than by your death, or Termination by you for Good Reason, shall
be communicated by Notice of Termination to the other party hereto given in accordance with section
16. This Agreement is intended by you and us only to define the different ways in which your
employment can terminate during a Protected Period and the exclusive consequences of that
termination in terms of payments by us. Nothing in this Agreement shall (1) be construed as
creating an express or implied contract of employment, changing your status as an employee at will,
giving you any right to be retained in the employ of Dole, or giving you the right to any
particular level of compensation or benefits nor (2) interfere in any way with the right of Dole to
terminate your employment at any time with or without Cause, subject in either case to any express
payment obligations of Dole under section 1 and Exhibit A in the case of a Termination.

3. No Mitigation of Damages; Withholding.

     (a) Your rights under this Agreement will be considered severance pay in consideration of your
past service and your continued service from the date of this Agreement. You will not have any
duty to mitigate your damages or reduce our payments to you under this Agreement by seeking future
employment. The amounts payable to you under this Agreement will not be reduced or subject to
repayment to us as a result of any compensation you may receive from future employment.

     (b) All payments required to be made by us to you under this Agreement will be subject to the
withholding of such amounts, if any, relating to tax and other payroll deductions as we may
reasonably determine we should withhold pursuant to law or regulation.

     (c) Except as set forth in Exhibit A, our obligation to make the payments provided for in this
Agreement and otherwise to perform our obligations under this Agreement will not be subject to any
set-off, counterclaim, recoupment, defense or other claim, right or action that we may have against
you.

4. Release. Notwithstanding anything to the contrary in this Agreement, our obligation to
make any payment provided for in this Agreement upon or after a termination of service (other than
as a result of your death) is expressly made subject to and conditioned upon (a) your prior
execution of a release substantially in the form of Exhibit C, attached at the end of this
Agreement, within 90 days after the date of Termination and (b) such release becoming effective and
irrevocable in accordance with its terms, within 90 days after the date of Termination. Pending
the delivery of the release and expiration of any and all applicable statutory waiting periods, no
such payment will be due hereunder.

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5. Employee Covenants.

     (a) Unauthorized Disclosure. You shall not, during the term of this Agreement and
thereafter, make any Unauthorized Disclosure. For purposes of this Agreement, “Unauthorized
Disclosure” shall mean your disclosure without the prior written consent of Dole to any person,
other than an employee of Dole or a person to whom disclosure is reasonably necessary or
appropriate in connection with your performance of your duties as an employee and/or officer of
Dole, of any confidential information relating to the business or prospects of Dole including, but
not limited to, any confidential information with respect to any of Dole’s customers, products,
methods of distribution, strategies, business and marketing plans and business policies and
practices, except (i) to the extent disclosure is or may be required by law, by a court of law or
by any governmental agency or other person or entity with apparent jurisdiction to require you to
divulge, disclose or make available such information or (ii) in confidence to an attorney or other
advisor for the purpose of securing professional advice concerning your personal matters provided
such attorney or other advisor agrees to observe these confidentiality provisions. Unauthorized
Disclosure shall not include your use or disclosure, without consent, of any information known
generally to the public or known within Dole’s trade or industry (other than as a result of
disclosure by you in violation of this section 5(a)). This confidentiality covenant has no
temporal, geographical or territorial restriction.

     (b) Conflict of Interest. During the period of your employment with Dole, you shall not,
directly or indirectly, without the prior written consent of Dole, own, manage, operate, join,
control, be employed by, consult with or participate in the ownership, management, operation or
control of, or be connected with (as a stockholder, partner, or otherwise), any business,
individual, partner, firm, corporation or other entity that competes, directly or indirectly, with
Dole; provided, however, that your “beneficial ownership” (as that term is defined in Rule 13d-3
under the Exchange Act), either individually or as a member of a “group” for purposes of Section
13(d)(3) under the Exchange Act and the regulations promulgated thereunder, of not more than two
percent (2%) of the voting stock of any publicly-held corporation shall not be a violation of this
Agreement.

     (c) Non-Solicitation. During the period of your employment with Dole and for a period
of twenty-four (24) months following immediately thereafter (the “Restricted Period”), you shall
not, either directly or indirectly, alone or in conjunction with another person, interfere with or
harm, or attempt to interfere with or harm, the relationship of Dole, with any person who at any
time was an employee, consultant, supplier, licensor, licensee, contractor, agent, strategic
partner, distributor or customer of Dole or otherwise had a business relationship with Dole. In
addition, during the Restricted Period, you shall not, either directly or indirectly, alone or in
conjunction with another person, except as otherwise agreed to in writing by Dole, solicit, induce
or recruit the employment or services of (whether as an employee, officer, director, agent,
consultant or independent contractor), or encourage to change such person’s relationship with Dole,
any individual who, at the time of such solicitation, inducement or recruitment or at any time
during the twelve months preceding the date thereof, was an employee, officer, director, or
individual serving as a consultant or independent contractor of Dole.

     (d) Remedies. You acknowledge that you have carefully read and considered all the
terms and conditions of this Agreement, including the restraints imposed upon you pursuant to this
section 5. You agree that each of the restraints contained herein are necessary for the protection
of the goodwill, confidential information, trade secrets and other legitimate interests

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of Dole; that each and every one of these restraints is reasonable in respect to subject
matter, length of time and geographic area; and that these restraints, individually or in the
aggregate, will not prevent you from obtaining other suitable employment during the period in which
you are bound by such restraints. You and Dole further agree that Dole would not have entered into
this Agreement but for the inclusion of such covenants herein. You agree that any breach of the
terms of this section 5 would result in irreparable injury and damage to Dole for which Dole would
have no adequate remedy at law; you therefore also agree that in the event of said breach or any
threat of breach, Dole shall be entitled to an immediate injunction and restraining order to
prevent such breach and/or threatened breach and/or continued breach by you and/or any and all
persons and/or entities acting for and/or with you, without having to prove damages or posting a
bond, in addition to any other remedies to which Dole may be entitled at law or in equity. The
terms of this section 5(d) shall not prevent Dole from pursuing any other available remedies for
any breach or threatened breach hereof, including but not limited to the recovery of damages from
you. Should a court or arbitrator determine, however, that any provision of this section 5 is
unreasonable, either in period of time, geographical area, or otherwise, the parties hereto agree
that the covenants should be interpreted and enforced to the maximum extent which such court or
arbitrator deems reasonable.

     The provisions of this section 5 shall survive any termination of this Agreement or your
employment with Dole, and the existence of any claim or cause of action by you against Dole,
whether predicated on this Agreement or otherwise, shall not constitute a defense to the
enforcement by Dole of the covenants and agreements of this section 5; provided, however, that this
paragraph shall not, in and of itself, preclude you from defending yourself against the
enforceability of the covenants and agreements of this section 5.

6. Indemnification: In any circumstance where, under our certificate of incorporation or
by-laws, we have the power to indemnify or advance expenses to you in respect of any judgments,
fines, settlements, losses, costs or expenses (including attorneys’ fees) of any nature relating to
or arising out of your activities as an agent, employee, officer or director of Dole or in any
other capacity on behalf of or at the request of Dole, we agree that, if you have undergone a
Qualified Termination, we will promptly, on written request, indemnify and advance expenses to you
to the fullest extent permitted by applicable law, including but not limited to making such
findings and determinations and taking any and all such actions as we may, under applicable law, be
permitted to have the discretion to take so as to effectuate such indemnification or advancement.
Such agreement by Dole will not be deemed to impair any other obligation of Dole respecting
indemnification of you otherwise arising out of this or any other agreement or promise of Dole or
under our certificate of incorporation or by-laws.

7. Binding Agreement. This Agreement will be binding upon and inure to the benefit of you
and Dole and will be enforceable by your personal or legal representatives or successors. If you
die during a Protected Period while any amounts would still be payable to you under this Agreement
at the time of your death, then such amounts will be paid to your estate, or such rights will
remain exercisable by your estate, respectively, in accordance with the terms of this Agreement.
This Agreement will not otherwise be assignable by you.

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8. Successors. This Agreement will inure to and be binding upon Dole ‘s successors,
including, without limitation, any successor to all or substantially all of Dole ‘s business and/or
assets. Dole will require any such successor to all or substantially all of the business and/or
assets of Dole by sale, transfer, merger (where Dole is not the surviving corporation),
consolidation, recapitalization, reorganization, lease, distribution, spin-off or otherwise, to
expressly assume in writing this Agreement, unless it is assumed by operation of law. This
Agreement will not otherwise be assignable by Dole.

9. Arbitration. Any controversy or claim arising out of or relating to this Agreement, or
the breach thereof, will be submitted to final and binding arbitration, to be held in Los Angeles
County, California, before a single arbitrator, in accordance with California Civil Procedure Code
§§ 1280 et seq. The arbitrator will be selected by mutual agreement of you and us or, if you and
we cannot agree, then by striking from a list of arbitrators supplied by the American Arbitration
Association. The arbitrator will issue a written opinion revealing, however briefly, the essential
findings and conclusions upon which the arbitrator’s award is based. Judgment upon the award
rendered by the arbitrator(s) may be entered in any court having jurisdiction. We will pay the
arbitrator’s fees and arbitration expenses and any other costs associated with the arbitration
hearing. You and we will each bear our respective deposition, witness, expert and attorneys’ fees
and other expenses as and to the same extent as if the matter were being heard in court. If,
however, any party prevails on a statutory claim that affords the prevailing party attorneys’ fees
and costs, or if there is a written agreement providing for fees and costs, then the arbitrator
will award reasonable fees to the prevailing party in accordance with the statute or the written
agreement, as appropriate. Any dispute as to the reasonableness of any fee or cost will be
resolved by the arbitrator. Nothing in this section 9 will affect your or our ability to seek from
a court injunctive or equitable relief.

10. Confidentiality. Except as may be necessary to enter or execute judgment upon an
arbitration award or to the extent required by applicable law, all claims, defenses and proceedings
(including, without limitation, the existence of a controversy, the fact that there is an
arbitration proceeding and the content of the pleadings, papers, orders, hearings, trials or awards
in the arbitration) will be treated in a confidential manner by the arbitrator, the parties and
their counsel, each of their agents and employees and all others acting on behalf of or in concert
with them. Any controversy relating to the arbitration, including, without limitation, any action
to prevent or compel arbitration or to confirm, correct, vacate or otherwise enforce an arbitration
award, will be filed under seal with the court, to the extent permitted by law.

11. Restraint on Alienation. None of your benefits, payments, proceeds or claims under
this Agreement will be subject to any claim of any creditor and, in particular, the same will not
be subject to attachment or garnishment or other legal process by any creditor, nor will you have
any right to alienate, anticipate, commute, pledge, encumber or assign any of the benefits or
payments of proceeds that you may expect to receive, contingently or otherwise, under this
Agreement. Notwithstanding the preceding sentence, benefits that are in pay status may be subject
to a garnishment or wage assignment or authorized or mandatory deductions made pursuant to a court
order, a tax levy or applicable law or your elections.

12. Termination Prior to Change of Control Date. Notwithstanding section 15, but subject
to the last sentence of section 1(a), if, prior to the first Change of Control Date, your
employment with Dole terminates, then all of your rights under this Agreement terminate, and this
Agreement will be deemed to have been terminated on the date of your termination.

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13. Strict Compliance; Severability; Integration. Your or our failure to insist upon
strict compliance with any provision of this Agreement or the failure to assert any right you or
Dole may have hereunder, including, without limitation, your right to terminate for Good Reason or
our right to terminate for Cause, will not be deemed to be a waiver of such provision or right with
respect to any subsequent lack of compliance, or of any other provision of or right under this
Agreement. The invalidity or unenforceability of any provision of this Agreement will not affect
the validity or enforceability of any other provision of this Agreement. This Agreement contains
the entire agreement between you and Dole with respect to the subject matter hereof and supersedes,
with respect to the subject matter hereof, all prior or contemporaneous agreements, understandings
and negotiations, whether oral or written, between you and Dole, including without limitation any
employment agreement, change of control agreement, offer letter or other agreement, if any; and any
such employment agreement, change of control agreement, offer letter or other agreement, if any,
shall be null and void to the extent it provides for any payment or benefit to you contingent upon
the occurrence (alone or with other events) of a Change of Control or an event that is otherwise
deemed to be comprehended by the term “change of control.” You and Dole acknowledge and agree that
no representations, inducements, promises or agreements, orally or otherwise, have been made by you
or Dole regarding the subject matter hereof that are not contained in this Agreement, and that no
other agreement, statement or promise not contained herein shall be valid or binding with respect
to the subject matter hereof.

14. Choice of Law: This Agreement is made in, and will be governed by, the laws of the
State of California, without regard to the choice of laws or conflict of laws principles or rules
of the State of California or of any other jurisdiction.

15. Modification or Termination of this Agreement: After the first Change of Control Date,
this Agreement may only be modified or terminated by a writing signed by both you and us. Before
the first Change of Control Date, we may unilaterally modify or terminate this Agreement, but such
unilateral modification or termination will not be effective until the second anniversary of the
date on which we first give you express written notice of the unilateral modification or
termination (the “Modification Effective Date”); provided, however, that the unilateral
modification or termination shall never become effective if (1) a Change of Control Date occurs
before the Modification Effective Date and (2) your employment is terminated during the Protected
Period in respect of such Change of Control Date. Nothing in this section 15 shall in any way
eliminate, diminish or restrict the effect of section 12. This Agreement shall continue in full
force and effect until it is terminated in accordance with the terms of this Agreement.

16. Notices. All notices and other communications under this Agreement must be in writing
and must be given by hand delivery to the other party, by reputable overnight courier or by
registered or certified mail, return receipt requested, postage prepaid, addressed as follows:

If to you:

Name

Address

City, State

If to Dole:

Dole Food Company, Inc.

One Dole Drive

Westlake Village, California 91362-7300

Attention: President

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with a copy to:

Dole Food Company, Inc.

One Dole Drive

Westlake Village, California 91362-7300

Attention: General Counsel

or to such other address as either party will have furnished to the other in writing in accordance
herewith. Notice and communications will be effective when actually received by the addressee.

17. Section 409A Compliance.

     (a) The parties agree that this Agreement is intended to comply with the requirements of
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and the regulations and
guidance promulgated thereunder (“Section 409A”) or an exemption from Section 409A. The Agreement shall be administered and interpreted so as to avoid a “plan failure” within the
meaning of Code Section 409A. However, no guarantee or commitment is made that the Agreement shall
be administered in accordance with the requirements of Code Section 409A, with respect to amounts
that are subject to Section 409A, or that it shall be administered in a manner that avoids the
application of Code Section 409A, with respect to amounts that are not subject to Section 409A.

     (b) A termination of employment shall not be deemed to have occurred for purposes of any
provision of this Agreement providing for the payment of any amounts or benefits upon or following
a termination of employment unless such termination is also a “separation from service” within the
meaning of Section 409A and, for purposes of any such provision of this Agreement, references to a
“termination,” “termination of employment” or like terms shall mean “separation from service.” If
you are deemed on the date of termination to be a “specified employee” within the meaning of that
term under Section 409A(a)(2)(B) of the Code, then with regard to any payment or the provision of
any benefit (whether under this Agreement or otherwise) that is considered deferred compensation
under Section 409A payable on account of a “separation from service,” and that is not exempt from
Section 409A as involuntary separation pay or a short-term deferral (or otherwise), such payment or
benefit shall be made or provided at the date which is the earlier of (i) the expiration of the six
(6)-month period measured from the date of your “separation from service” or (ii) the date of your
death (the “Delay Period”). Upon the expiration of the Delay Period, all payments and benefits
delayed pursuant to this section 17(b) (whether they would have otherwise been payable in a single
sum or in installments in the absence of such delay) shall be paid or reimbursed to you in a lump
sum, and any remaining payments and benefits due under this Agreement shall be paid or provided in
accordance with the normal payment dates specified for them herein.

     (c) With regard to any provision herein that provides for reimbursement of costs and expenses
or in-kind benefits, except as permitted by Section 409A of the Code, all such payments shall be
made on or before the last day of calendar year following the calendar year in which the expense
occurred.

     (d) Each payment made under this Agreement shall be treated as a “separate payment” within the
meaning of Section 409A.

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Please indicate your acceptance of and agreement to the terms of this Change of Control Agreement
by signing and dating below, where indicated, and returning a signed copy to us.

Sincerely,

DOLE FOOD COMPANY, INC.

Title:                                         

Agreed and Accepted:

                                                            

Date:                                                             

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APPENDIX 1

Definitions

“Accrued Obligations” shall mean the sum of (1) your annual base salary through the date of
Termination to the extent not theretofore paid and (2) any compensation previously deferred by you
(together with any accrued interest or earnings thereon) pursuant to outstanding elections and/or
any accrued vacation pay or paid time off, in each case to the extent not theretofore paid;
provided, that if your employment is Terminated by us for Cause, other than your death, the date of
Termination, for purposes of this definition of Accrued Obligations, shall be deemed to be the date
on which Notice of Termination was given. For the avoidance of doubt, and notwithstanding any other provision in this Agreement, “Accrued
Obligations” shall not include benefits payable under the Dole Food Company, Inc. Excess Savings
Plan, the Dole Food Company, Inc. Supplementary Executive Retirement Plan, Non-Employee Directors
Deferred Cash Compensation Plan or any predecessor or successor to either plan.

“Affiliate” shall have the meaning ascribed in Rule 12b-2 promulgated under the Exchange Act.

“Associate” shall have the meaning ascribed in Rule 12b-2 promulgated under the Exchange Act.

“Change of Control” shall have the meaning set forth in Appendix 2.

“Change of Control Date” shall mean the first date after the date of this Agreement on which a
Change of Control occurs, except as set forth in the last sentence of section 1(a).

“Disability” shall have the meaning ascribed to such term in your governing long-term
disability plan, or if no such plan exists, shall mean your absence from, or inability to perform
duties for, Dole on a full-time basis for 90 consecutive business days or 120 business days in any
period of 180 business days as a result of mental or physical illness or injury that is total and
permanent, as determined by a physician selected by us or our insurers and acceptable to you or
your legal representative (such agreement as to acceptability not to be withheld unreasonably) and
that is not susceptible to reasonable accommodation.

“Notice of Termination” shall mean a written notice which (1) indicates the specific termination
provision in this Agreement relied upon, and (2) to the extent applicable, sets forth in reasonable
detail the facts and circumstances claimed to provide a basis for termination of your employment
under the provision so indicated.

“Termination by us for Cause,” “Terminated by us for Cause” and “Cause” shall mean Dole’s
termination of your employment with Dole (during a Protected Period) pursuant (except under clause
(e), below, in which case Dole need not send a Notice of Termination) to a Notice of Termination
given within 120 days following our becoming aware of the occurrence of any one or more of the
following to the extent (in the case of clause (b) or (c) if remediable) not remedied in a
reasonable period of time after receipt by you of written notice from us specifying such occurrence
(any termination of your employment by Dole that is not a Termination by us for Cause will be
deemed to be a “Termination by us other than for Cause”):

     (a) You are convicted of, or plead guilty or nolo contendere to, a felony;

     (b) You commit an act of gross misconduct in connection with the performance of your duties;

     (c) You demonstrate habitual negligence in the performance of your duties;

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     (d) You commit an act of fraud, misappropriation of funds or embezzlement in
connection with your employment by Dole;

     (e) Your death; or

     (f) Your Disability.

Notwithstanding the foregoing, you shall not be deemed to have been Terminated by us for Cause
under clauses (b) – (d) or (f) until the later to occur of (i) the 30th day after Notice of
Termination is given and (ii) the delivery to you of a certified copy of a resolution duly adopted
by the affirmative vote of not less than a majority of the total number of our directors at a
meeting duly called and held (after reasonable notice to you), and at which you, together with your
counsel, were given an opportunity to be heard, finding that one or more of the events described in
clauses (b) – (d) or (f) above occurred, and specifying the particulars thereof in detail;
provided, however, we may suspend you and withhold payment of your base salary, other compensation
and benefits from the date that Notice of Termination is given until the earliest to occur of (i)
Termination by us for Cause effected in accordance with the foregoing procedures (in which case you
shall not be entitled to your base salary, other compensation or benefits for such period), (ii) a
determination by a majority of our directors that none of the events described in clauses (b) – (d)
or (f) above occurred (in which case you shall be reinstated and paid any of your previously unpaid
base salary, other compensation and benefits for such period), or (iii) the 90th day after Notice
of Termination is given (in which case you shall be reinstated and paid any of your previously
unpaid base salary, other compensation and benefits for such period).

“Termination by you for Good Reason” “Terminated by you for Good Reason” and “Good Reason” means
your resignation of employment with Dole (during the Protected Period) within 120 days following
the occurrence of one or more of the following to the extent not remedied in a reasonable period of
time after receipt by Dole of written notice from you specifying such occurrence, without your
express written consent (any termination of your employment by you that is not a Termination by you
with Good Reason will be deemed to be a “Termination by you other than for Good Reason”):

     (a) Whether direct or indirect, a significant diminution of your authority, duties,
responsibilities or status inconsistent with and below those held, exercised and assigned in the
ordinary course during the 90 day period immediately preceding the Change of Control Date,
excluding any such significant diminution that (i) begins prior, and ends on or prior, to the date
on which a Fundamental Transaction or Asset Sale becomes effective or is consummated that
constitutes a Change of Control, and (ii) results from the affirmative and negative pre-closing
operating covenants applicable to Dole contained in the definitive transaction agreements providing
for such Fundamental Transaction or Asset Sale.

     (b) The assignment to you of duties that are inconsistent (in any significant respect) with,
or that impair (in any significant respect) your ability to perform, the duties customarily
assigned to an executive holding the position you held immediately prior to the Change of Control
Date in a corporation of the size and nature of Dole, or, if you were employed prior to termination
by a Subsidiary or business unit of the Corporation, in a subsidiary or business unit of the size
and nature of the Subsidiary or business unit of the Corporation in which you were employed;

     (c) Relocation of your primary office more than 35 miles from your current office on the
Change of Control Date;

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     (d) Any material breach by us of this Agreement or any other agreement with you;

     (e) The failure of a successor to Dole (in any transaction that constitutes a Change of
Control), to assume in writing our obligations to you under this Agreement or any other agreement
with you, if the same is not assumed by such successor by operation of law;

     (f) Any reduction in your base salary below your base salary in effect on the Change of
Control Date (or if your base salary was reduced within 180 days before the Change of Control Date,
the base salary in effect immediately prior to such reduction); or

     (g) Any non de minimis reduction in your aggregate benefits and other compensation (other than
equity-based compensation) (“Benefits”), provided that a reduction in the aggregate of not
more than 5% in aggregate Benefits in connection with across-the-board reductions or modifications
affecting similarly situated persons of comparable rank in Dole or a combined organization shall
not constitute Good Reason.

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APPENDIX 2

Additional Definitions

“Change of Control” shall be deemed to occur if and as of the first day that any one or more of the
following conditions are satisfied, whether accomplished directly or indirectly, or in one or a
series of related transactions:

     (1) any “Person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”)), other than (a) David H. Murdock or (b) following the
death of David H. Murdock, the trustee or trustees of a trust created by David H. Murdock, becomes
the “Beneficial Owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly,
of securities of the Corporation representing 20% or more of the combined voting power of the
Corporation’s then outstanding securities;

     (2) individuals who, as of the date hereof, constitute the Board of Directors of the
Corporation (the “Incumbent Board”) cease for any reason to constitute at least a majority of the
Board; provided, however, that any individual who becomes a director subsequent to the date hereof
whose election, or nomination for election by the Corporation’s stockholders, was approved by a
vote of at least two-thirds of the directors then comprising the Incumbent Board shall be
considered as though such individual were a member of the Incumbent Board, unless the individual’s
initial assumption of office occurs as a result of either an actual or threatened election contest
or other actual or threatened tender offer, solicitation of proxies or consents by or on behalf of
a Person other than the Board;

     (3) a reorganization, merger, consolidation, recapitalization, tender offer, exchange offer or
other extraordinary transaction involving Dole (a “Fundamental Transaction”) becomes effective or
is consummated, unless: (a) more than 50% of the outstanding voting securities of the surviving or
resulting entity (including, without limitation, an entity (“parent”) which as a result of such
transaction owns the Corporation or all or substantially all of the Corporation’s assets either
directly or through one or more subsidiaries) (“Resulting Entity”) are, or are to be, Beneficially
Owned, directly or indirectly, by all or substantially all of the Persons who were the Beneficial
Owners of the outstanding voting securities of the Corporation immediately prior to such
Fundamental Transaction (excluding, for such purposes, any Person who is or, within two years prior
to the consummation date of such Fundamental Transaction, was, an Affiliate or Associate (other
than an Affiliate of Dole Food Company, Inc. immediately prior to such consummation date) (as each
of Affiliate and Associate are defined in Rule 12b-2 promulgated under the Exchange Act) of a party
to the Fundamental Transaction) in substantially the same proportions as their Beneficial
Ownership, immediately prior to such Fundamental Transaction, of the outstanding voting securities
of the Corporation and (b) more than half of the members of the board of directors or similar body
of the Resulting Entity (or its parent) were members of the Incumbent Board at the time of the
execution of the initial agreement providing for such Fundamental Transaction.

     (4) A sale, transfer or any other disposition (including, without limitation, by way of
spin-off, distribution, complete liquidation or dissolution) of all or substantially all of the
Corporation’s business and/or assets (an “Asset Sale”) is consummated, unless, immediately
following such consummation, all of the requirements of clauses (3)(a) and (3)(b) of this
definition of Change of Control are satisfied, both with respect to the Corporation and with
respect to the entity to which such business and/or assets have been sold, transferred or otherwise
disposed of or its parent (a “Transferee Entity”).

12

 

The consummation or effectiveness of a Fundamental Transaction or an Asset Sale shall be deemed not
to constitute a Change of Control if more than 50% of the outstanding voting securities of the
Resulting Entity or the Transferee Entity, as appropriate, are, or are to be, Beneficially Owned by
David H. Murdock. For the avoidance of doubt, the consummation of the initial public offering of
the Corporation’s common stock shall not be considered a Change of Control or Fundamental
Transaction for any purpose under this Agreement.

“Corporation” shall mean Dole Food Company, Inc., a Delaware corporation, and its successors. For
purposes of this definition of Corporation, after the consummation of a Fundamental Transaction or
an Asset Sale, the term “successor” shall include, without limitation, the Resulting Entity or
Transferee Entity, respectively.

“Dole” shall mean the Corporation and/or its Subsidiaries.

“Subsidiary” shall mean any corporation or other entity a majority or more of the outstanding
voting stock or voting power of which is beneficially owned directly or indirectly by the
Corporation.

13

 

Exhibit A

Amount of Severance Pay and Benefits Following Qualified Termination

If a Qualified Termination occurs, Dole will pay you (except as provided below) the following, no
later than 90 calendar days after the date of Termination (or 90 days after the Change of Control
becomes effective or is consummated, if you have a Qualified Termination pursuant to the last
sentence of section 1(a) of the Agreement):

     (a) An amount in cash equal to three times your annual base salary as of the date of
Termination (or if your annual base salary was reduced within 180 days before the Change of Control
Date, the annual base salary in effect immediately prior to such reduction);

     (b) An amount in cash equal to three times your target bonus as of the date of Termination (or
if your target bonus was reduced within 180 days before the Change of Control Date, the target
bonus in effect immediately prior to such reduction);

     (c) An amount in cash equal to three times $10,000, in lieu of any other health and welfare
benefits (including medical, life, disability, accident and other insurance, car allowance or other
health and welfare plans, programs, policies or practices or understandings) and other taxable
perquisites and fringe benefits to which you or your family may have been entitled.

     (d) An amount in cash equal to the pro rata portion of the greater of (i) your target benefits
under our long term incentive plan (the “LTIP”) and (ii) your actual benefits under the LTIP;

     (e) If, at the time of your Qualified Termination, you would have been eligible for a benefit
under either (i) the Dole Food Company Supplementary Executive Retirement Plan Effective January 1,
1989, as amended and restated through the date of this Change of Control Agreement (“SERP”) or (ii)
a Defined Benefit Plan (as defined in the SERP) were it not for the requirement of at least five
(5) years of service with Dole, an amount in cash will be payable to you equal to the actuarial
equivalent of such retirement benefit. If for any reason, a benefit is payable under the Defined
Benefit Plan, the payments made to you under this clause shall be reduced by the actuarial
equivalent of such benefits payable under the Defined Benefit Plan.

     (f) An amount in cash equal to the aggregate amount of the Accrued Obligations;

     (g) An amount in cash equal to the pro rata portion of your target annual bonus for the fiscal
year in which the date of Termination occurs; and

     (h) An amount in cash equal to any reimbursement for outstanding reimbursable expenses.

“Pro rata portion” in clauses (d) and (g), above, means pro rata with respect to the portion of the
relevant time period that has elapsed prior to the date of Termination.

If a Qualified Termination occurs pursuant to the last sentence of section 1(a) of the Agreement,
then, notwithstanding anything to the contrary provided in any plans or agreements of Dole pursuant
to which you were granted options to purchase shares of Dole’s common stock, any period of time set
forth in such plans or agreements in which you must exercise your options shall not begin to run
until the earlier to occur of (x) the consummation or effectiveness of the Fundamental Transaction
or the Asset Sale and (y) 270 days after the date of Termination.

Notwithstanding anything to the contrary provided in any plans or agreements of Dole pursuant to
which you were granted options to purchase shares of Dole’s common stock and/or other equity-based
compensation awards,

14

 

all of your unvested options and/or other equity-based compensation awards granted pursuant to such
plans or agreements (whenever granted) shall be deemed to vest immediately prior to the first time
that one or both of the following conditions are satisfied: (i) a Change of Control occurs and the
acquiring or surviving company in the transaction does not assume or continue your outstanding
awards in connection with the Change of Control; or (ii) a Qualified Termination occurs, and
neither the Board of Directors of Dole nor any committee thereof nor any other Person shall have
any discretion, right or power whatsoever to block, delay or impose any condition upon such
vesting. For the avoidance of doubt and not by way of limitation of the foregoing, if a Qualified
Termination occurs pursuant to the last sentence of section 1(a) of this Agreement, all of your
unvested options and/or other equity-based compensation awards shall vest hereunder immediately
prior to the effectiveness or consummation of the Fundamental Transaction or the Asset Sale but not
at any earlier time.

We will furnish you for six years following your Qualified Termination with Directors and Officers
Insurance, or other liability insurance as is reasonable and customary, insuring you against all
insurable events arising from or relating to alleged acts or omissions pertaining in any way to
your activities as an agent, employee, officer or director of Dole or in any other capacity on
behalf of or at the request of Dole, such insurance to have policy limits aggregating not less than
$40 million and otherwise to be in substantially the same form and to contain substantially the
same terms, conditions and exceptions as the liability insurance policies provided for Directors
and Officers of Dole in force from time to time, provided that such terms, conditions and
exceptions will not be, in the aggregate, materially less favorable to you than those in effect on
the date of this Agreement and provided that such insurance can be obtained on commercially
reasonable terms.

Your severance pay and benefits listed above and/or those provided to you under other agreements,
plans or arrangements with Dole, are subject to adjustment as provided in Exhibit B. The
adjustments are related to special taxes that may be imposed on you and/or us if the severance
amounts and benefits you receive constitute so-called “excess parachute payments” under the tax
laws. These tax laws and the IRS rules and regulations that implement the laws are highly complex,
so we will not attempt to summarize them for you.

In the event that you have an employment contract or any other agreement with Dole or participate
in any other plan or program that entitles you to severance payments upon the termination of your
employment with Dole, the amount of any such severance payments will be deducted from the payments
to be made to you under this Agreement. All benefits under this Agreement also will be reduced by
the amount paid to you under any United States, foreign or state statute, law, rule or regulation
that requires a formal notice period, pay in lieu of notice (including but not limited to WARN Act
payments), termination, indemnity, severance payments or similar payments or entitlements related
to service, other than unemployment or social security benefits provided in the United States. Notwithstanding the foregoing provisions of this paragraph, the benefit reductions described in
this paragraph shall only apply to the extent consistent with Section 409A and authoritative IRS
guidance thereunder.

15

 

Exhibit B

Adjustment to Severance Pay and Benefits

Additional Payments by Dole

     1. Gross-Up Payment. Anything in this Agreement to the contrary notwithstanding, if
it is determined by Dole that any payment or distribution by Dole to you or for your benefit
(whether paid or payable or distributed or distributable under this Agreement or otherwise
(including, without limitation, the acceleration of vesting of stock options), but determined
without regard to any additional payments required under this Exhibit B) (a “Payment”) is subject
to the excise tax imposed by Section 4999 of the Code or any interest or penalties are incurred by
you with respect to such excise tax (such excise tax, together with any such interest and penalties
are collectively the “Excise Tax”), then you will be entitled to receive from Dole an additional
payment (a “Gross-Up Payment”). The Gross-Up Payment will equal an amount such that after payment
by you of all taxes (including any interest or penalties imposed with respect to such taxes),
including, without limitation, any income taxes (and any interest and penalties imposed with
respect thereto) and Excise Tax imposed upon the Gross-Up Payment, you retain an amount of the
Gross-Up Payment equal to the Excise Tax imposed upon the Payment. Any Gross-Up Payment or other
payment payable under this Exhibit B shall be paid to you promptly and in no event later than the
end of the first quarter of the calendar year next following the calendar year in which the related
tax is paid by you.

     2. Determination of Amount. Subject to the provisions of paragraph 3, below, all
determinations required to be made under this Exhibit B, including whether and when an Excise Tax
or a Gross-Up Payment is required, the amount of the Excise Tax and Gross-Up Payment and the
assumptions to be used in arriving at such determinations, will be made, at our option, by Dole’s
independent auditors or a nationally recognized executive compensation consulting firm (the
“Accounting Firm”), which will provide detailed supporting calculations both to Dole and you within
15 business days after the receipt of notice from you that there has been a Payment, or such
earlier time as is requested by Dole. If the Accounting Firm is serving as accountant or auditor
for the Person effecting the Change of Control, Dole will appoint another nationally recognized
accounting firm to make these required determinations (which accounting firm will then be referred
to as the Accounting Firm). All fees and expenses of the Accounting Firm will be borne solely by
Dole. Any Gross-Up Payment, as determined under this Exhibit B, will be paid by Dole to you within
five days after our receipt of the Accounting Firm’s determination. If the Accounting Firm
determines that no Excise Tax is payable by you, it will furnish you with a written opinion that
failure to report the Excise Tax on your applicable federal income tax return will not result in
the imposition of a negligence or other penalty. Any determination by the Accounting Firm will be
binding upon Dole and you. If, as a result of a federal tax audit, the Internal Revenue Service
asserts that the Excise Tax determined by the Accounting Firm in its calculation of the Gross Up
Payment is understated, and thereby the Gross Up Payment made to you may also be understated
(“Underpayment”), then you must notify Dole as provided in paragraph 3 below, and Dole has the
right to contest the asserted Excise Tax underpayment as provided in paragraph 3. In the event
that Dole exhausts its remedies under paragraph 3, below, and you thereafter are required to make
an additional Excise Tax payment, the Accounting Firm will determine the amount of the Underpayment
that has occurred and any such Underpayment will be promptly paid by Dole to you or for your
benefit.

     3. Claim Process. You will notify Dole in writing of any claim by the Internal
Revenue Service that, if successful, would require the payment by Dole of an additional Gross-Up
Payment. The notification will be given as soon as practicable but in no event later than 10
business days after you are informed in writing of such claim, and will apprise Dole of the basis
for the IRS’s claim and the dates by which such claim is required to be paid or a protest or appeal
filed. You will not pay such claim prior to the 31st day after the date on which you
give such notice to Dole (or such shorter period ending on the date that any payment of taxes with
respect to such claim is due). If Dole notifies you in writing prior to the expiration of such
period that it desires to contest such claim, you will:

	 	•	 	give Dole any information reasonably requested by Dole relating to such
claim;

16

 

	 	•	 	take such action in connection with contesting such claim as Dole will
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 Dole;
	 
	 	•	 	cooperate with Dole in good faith in order effectively to contest such claim;
and
	 
	 	•	 	permit Dole to participate in any proceedings relating to such claim;

provided, however, that Dole will bear and pay directly all costs and expenses (including
additional interest and penalties) incurred in connection with such contest and will indemnify and
hold you 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. Dole will control all proceedings taken in connection with such contest and, at its sole
option, may pursue or forgo 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 you to pay the tax claimed and sue for a refund or contest the claim in any permissible
manner, and you agree 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 Dole will
determine; provided, however, that if we direct you to pay such claim and sue for a refund, Dole
will advance the amount of such payment to you, on an interest-free basis and will indemnify and
hold you 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 your taxable year with respect to which such contested
amount is claimed to be due is limited solely to such contested amount. Furthermore, Dole’s
control of the contest will be limited to issues with respect to which a Gross-Up Payment would be
payable hereunder and you will 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.

     4. Refunds. If, after the receipt by you of an amount advanced by Dole under
paragraph 3, above, you become entitled to receive any refund with respect to such claim, you will
(subject to Dole’s complying with the requirements of paragraph 3) promptly pay to Dole the amount
of such refund together with any interest paid or credited thereon. If, after the receipt by you
of an amount advanced by Dole under paragraph 3, above, a written determination is made by the
taxing authority that you will not be entitled to any refund with respect to such claim; and you
notify Dole in writing within 10 business days of this determination and include a copy of all
correspondence received by you from the taxing authority; and Dole does not notify you in writing
of its intent to contest such denial of refund prior to the expiration of 30 days after the date of
such written determination, then such advance will be forgiven and will not be required to be
repaid and the amount of such advance will offset, to the extent thereof, the amount of Gross-Up
Payment required to be paid.

17

 

Exhibit C

Form of General Release Agreement

THIS GENERAL RELEASE AGREEMENT (this “Agreement”), by and between                      (the “Executive”)
and Dole Food Company, Inc., and its subsidiary and affiliate corporations (collectively, the
“Company”), with reference to the following facts:

     1. Date of Termination. Executive’s employment with the Company will be terminated
effective                     , ___(“date of Termination”).

     2. Payment Contingent upon Release. Executive understands that Company’s obligation
to make the payments provided for in the Change of Control Agreement dated as of                     , ___(the “Change of
Control Agreement”)
between Executive and the Company, is conditioned upon
Executive’s execution of this release within 90 days after the date of Termination and
non-revocation of this release in accordance with the terms hereof.

     3. Payment Amount. Executive further understands that by signing this Agreement,
Company shall pay Executive a lump sum payment of                     , less payroll and other deductions
required by law and authorized by the terms of the Change of Control Agreement.

     4. Return of Company Property. Executive shall immediately return to the Company all
property of the Company, including computer and other electronic equipment, computer passwords,
telephones, pagers, etc., in his possession or control.

     5. Satisfaction and Release of All Obligations Owed . Except for those obligations
created by this Agreement, and except as provided below, Executive understands and agrees that, by
signing this Agreement, Executive acknowledges full and complete satisfaction of and is releasing
and discharging and promising not to sue the Company, its divisions, subsidiaries, affiliates, past
and present and each of them as well as its and their directors, officers, stockholders,
representatives, assignees, successors, agents and Executives, past and present, and each of them
(individually and collectively, “Releasees”), from and with respect to any and all claims, wages,
stock, vacation pay, paid time off, bonuses, employee benefits, separation pay, or any other
compensation, employment perquisites or benefits, demands, rights, liens, agreements, suits,
obligations, debts, costs, expenses, attorneys’ fees, damages, judgments, orders and liabilities of
any kind, known or unknown, suspected or unsuspected, and whether or not concealed or hidden,
arising out of or in any way connected with Executive’s employment with, or the termination of
Executive’s employment with, the Company, including but in no way limited to any act or omission
committed or omitted prior to the date of execution of this Agreement. This includes but is in no
way limited to any claim under Title VII of the Civil Rights Act of 1964, the Age Discrimination in
Employment Act of 1967, as amended (“ADEA”), the Executive Retirement Income Security Act of 1974
(except for vested benefits, if any), the Americans with Disabilities Act, California Fair
Employment and Housing Act, or any other foreign law, federal, state or local law, regulation,
constitution or ordinance. Nothing in this release shall affect Executive’s ability to pursue
COBRA rights, and Company acknowledges the Executive will pursue his election to convert coverages
as permitted under COBRA. Further, nothing in this Release shall affect Executive’s rights under
any qualified retirement plans, supplemental retirement plans, deferred compensation plans or stock
incentive plans of the Company, and Executives rights under such plans shall be governed by the
terms of such plans.

     6. Release of Liability Related to Termination. Except for those obligations created
by this Agreement, and except as provided below, the Company hereby acknowledges full and complete
satisfaction of and releases and discharges and covenants not to sue Executive from and with
respect to any and all claims, demands, rights, liens, agreements, suits, obligations, debts,
costs, expenses, attorneys’ fees, damages, judgments, orders and liabilities of any kind, known or
unknown, suspected or unsuspected, and whether or not concealed or hidden, arising out of or in any
way connected with

18

 

Executive’s employment with, or the termination of Executive’s employment with, the Company,
including but in no way limited to any act or omission committed or omitted prior to the date of
execution of this Agreement, provided however, that this general release of Executive shall not
extend to any claims against Executive which arise out of facts which are finally adjudged by a
court of competent jurisdiction to be a willful breach of fiduciary duty or a crime under any
federal, state, or local statute, law, ordinance or regulation. At this time, no such claim exists
to the Company’s knowledge.

     7. Covenants. The parties covenant and affirm that neither of them has caused or
permitted to be filed any claim, charge, suit, complaint, action, cause of action, or proceeding of
any kind in any forum against the Releases or the Executive. The parties further covenant and
affirm that they have not made any assignment and will make no assignment of any claims, demands or
causes of action released herein and will not file, refile, initiate, or cause to be filed,
refilled or initiated any claim, charge, suit, complaint, action or cause of action based upon,
arising out of, or relating to any claim, demand, or cause of action released herein, nor shall the
parties participate, assist or cooperate in any claim, charge, suit, complaint, action or
proceeding regarding the Releasees or the Executive, whether before a court, administrative agency,
arbitrator or other tribunal, unless required to do so by law.

     8. Waiver of Section 1542. Except as provided in this Agreement, it is both parties’
intention in signing this Agreement that it should be effective as a bar to each and every claim,
demand and cause of action stated above. In furtherance of this intention, each party hereby
expressly waives any and all rights and benefits conferred upon it by the provisions of Section
1542 of the California Civil Code or any similar law in any other jurisdiction. Section 1542
provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT
TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER
MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.”

     9. Waiver of ADEA Rights. Executive understands and agrees that, by signing this
Agreement, Executive is waiving any and all rights or claims that Executive may have arising under
the ADEA, which have arisen on or before the date of execution of this Agreement. Executive
further understands and agrees that (i) in return for this Agreement, Executive will receive
compensation beyond that which Executive was already entitled to receive before entering into this
Agreement, (ii) Executive is hereby advised in writing by this Agreement to consult with an
attorney before signing this Agreement, (iii) Executive has been provided a full and ample
opportunity to study this Agreement, including a period of at least twenty-one (21) days, within
which to consider it, (iv) to the extent that Executive takes less than twenty-one (21) days within
which to consider this Agreement prior to execution, Executive acknowledges that he has had
sufficient time to consider this Agreement with his counsel and that he expressly, voluntarily and
knowingly waives any additional time; and (v) Executive was informed that Executive has seven (7)
days following the date of signing of this Agreement in which to revoke this Agreement by
delivering a written, signed revocation to Vice-President – Human Resources, Dole Food Company,
Inc., One Dole Drive, Westlake Village, CA 91362, before the expiration of seven (7) days.

     10. Confidential Information. Executive acknowledges that during Executive’s
employment with the Company, Executive has had access to confidential and proprietary business
information that is the property of the Company, the disclosure or utilization of which would cause
substantive and irreparable harm, loss of goodwill and injury to the Company. Executive
acknowledges that Executive has returned to the Company all such confidential and proprietary
business information in Executive’s possession, custody or control, as well as all files,
memoranda, records, documents, computer records, copies of the foregoing, and other such
information related to the Company in Executive’s possession, custody or control. Executive
further agrees not to disclose or utilize any such confidential or proprietary business information
in the future.

     11. Waiver of Claims for Damages. Each party agrees that by this Agreement it waives
any claim for damages incurred at any time after the date of this Agreement because of alleged
continuing effects of

19

 

any alleged wrongful or discriminatory acts or omissions involving any Releasee, or the
Executive, as applicable, which occurred on or before the execution of this Agreement and any right
to sue for injunctive relief against the alleged acts or omissions occurring prior to the date of
this Agreement.

     12. Severability. The parties understand and agree that if any provision of this
Agreement shall, for any reason, be adjudged by any court of competent jurisdiction to be invalid
or unenforceable, such judgment shall not affect, impair, or invalidate the remainder of this
Agreement, but shall be confined in this operation to the provision of this Agreement directly
involved in the controversy in which such judgment shall have been rendered.

     13. Arbitration of Disputes.

          (a) Any controversy or claim arising out of or relating to this Agreement, its enforcement,
arbitrability or interpretation, or because of an alleged breach, default, or misrepresentation in
connection with any of its provisions, or arising out of or relating in any way to the Executive’s
employment or termination of the same, including, without limiting the generality of the foregoing,
any alleged violation of statute, common law or public policy, shall be submitted to final and
binding arbitration, to be held in Los Angeles County, California, before a single arbitrator, in
accordance with California Civil Procedure Code §§ 1280 et seq. The arbitrator shall be selected
by mutual agreement of the parties or, if the parties cannot agree, then by striking from a list of
arbitrators supplied by the American Arbitration Association. The arbitrator shall issue a written
opinion setting forth the essential findings and conclusions upon which the arbitrator’s award is
based. The Company will pay the arbitrator’s fees and arbitration expenses and any other costs
associated with the arbitration hearing (recognizing that each side bears its own deposition,
witness, expert and attorneys’ fees and other expenses as and to the same extent as if the matter
were being heard in court). If, however, any party prevails on a statutory claim which affords the
prevailing party attorneys’ fees and costs, or if there is a written agreement providing for fees
and costs, then the arbitrator may award reasonable fees to the prevailing party. Any dispute as
to the reasonableness of any fee or cost shall be resolved by the arbitrator. Nothing in this
paragraph shall affect the Executive’s or the Company’s ability to seek from a court injunctive or
equitable relief.

          (b) Except as may be necessary to enter judgment upon the award or to the extent required by
applicable law, all claims, defenses and proceedings (including, without limiting the generality of
the foregoing, the existence of a controversy and the fact that there is an arbitration proceeding)
shall be treated in a confidential manner by the arbitrator, the parties and their counsel, each of
their agents, and employees and all others acting on behalf of or in concert with them. Without
limiting the generality of the foregoing, no one shall divulge to any third party or Person not
directly involved in the arbitration the content of the pleadings, papers, orders, hearings,
trials, or awards in the arbitration, except as may be necessary to enter judgment upon an award as
required by applicable law. Any controversy relating to the arbitration, including, without
limiting the generality of the foregoing, to prevent or compel arbitration or to confirm, correct,
vacate or otherwise enforce an arbitration award, shall be filed under seal with the court, to the
extent permitted by law.

     14. Entire Understanding. The parties understand that this Agreement represents the
entire agreement and understanding between the parties and supersedes any prior or contemporaneous
agreement, understanding or negotiations respecting such subject. No change to or modification of
this Agreement shall be valid or binding unless it is in writing and signed by Executive and a duly
authorized officer of the Company.

     15. Governing Law. This Agreement shall be governed and construed under the applicable
laws of the State of California.

20

 

Executive affirms that Executive has read and understands this Agreement and hereby agrees to
voluntarily sign it. Executive declares under penalty of perjury that the foregoing is true and
correct.

EXECUTED this _____ day of                     , ____, at                     .

	 	 	 
	 

	 	 
	[Name]
	 	 

21exv10w19

Exhibit 10.19

CHANGE OF CONTROL AGREEMENT

[Tier 2 Form]

Name

Address

City, State

Dear Name:

This Change of Control Agreement (“Agreement”) is entered into effective this xx day of xx, 200x
between you and Dole Food Company, Inc. You are a key executive at Dole and an integral part of its
management. We recognize that the possibility of a change of control of Dole may result in the
departure or distraction of management to the detriment of Dole and its stockholders. We wish to
assure you of fair severance should your employment terminate in specified circumstances following
a change of control of Dole and to assure you of certain other benefits upon a change of control.
The capitalized terms used in this Agreement either are defined in the Appendices at the end of
this Agreement or otherwise are defined in the body of this Agreement. In consideration of your
continued employment with Dole and other good and valuable consideration, you and Dole agree as
follows:

1. Benefits Following Change of Control and Termination of Employment:

     (a) If, during the period beginning on the Change of Control Date and ending on the second
anniversary of the date on which the Change of Control becomes effective (a “Protected Period”),
your employment is terminated, you (or your beneficiaries, if you are deceased at the time of
payment) will receive the amounts and benefits stated in Exhibit A attached at the end of this
letter agreement, unless your employment is (i) Terminated by us for Cause or (ii) Terminated by
you other than for Good Reason, in which event, section 1(b) will control. A termination to which
this section 1(a) and Exhibit A applies is called a “Qualified Termination.” For all purposes of
this Agreement, if a Fundamental Transaction or an Asset Sale becomes effective or is consummated
that constitutes a Change of Control, you shall be deemed for all purposes of this Agreement to be
employed by the Corporation on the Change of Control Date if you were employed by the Corporation
on the later of (x) the date of the first public disclosure that an agreement with respect to such
Fundamental Transaction or Asset Sale has been entered into or (y) the date that is 270 calendar
days prior to the date on which such Fundamental Transaction or Asset Sale becomes effective or is
consummated, and the Change of Control Date shall be deemed to be such later date, if, after such
later date and prior to the date on which such Fundamental Transaction or Asset Sale becomes
effective or is consummated, your employment with Dole is either (1) Terminated by you on account
of an event or events that would constitute Good Reason if such event or events occurred after a
Change of Control Date, or (2) Terminated by us other than on account of an event or events that
would constitute Cause if such event or events occurred after a Change of Control Date.

     (b) If, during a Protected Period, your employment is (i) Terminated by us for Cause or (ii)
Terminated by you other than for Good Reason, this Agreement will terminate and our only obligation
to you under this Agreement will be the timely payment of Accrued Obligations. If your employment
is

1

 

terminated because of death, we will pay the Accrued Obligations to your estate or
beneficiary, as applicable, in a lump sum in cash or equivalent within 30 days of the date on which
we are first informed of your death.

     (c) Any amount payable under this Agreement that is not paid when due will accrue interest at
the prime rate as from time to time in effect at Wells Fargo Bank, N.A., or its successors or
assigns, until paid in full.

2. Termination: For all purposes of this Agreement, if your employment is terminated
during a Protected Period (a “Termination”), the Termination will fall into one of four possible
categories: (a) Termination by us for Cause; (b) Termination by us other than for Cause; (c)
Termination by you for Good Reason; and (d) Termination by you other than for Good Reason. Any
Termination by us for Cause other than by your death, or Termination by you for Good Reason, shall
be communicated by Notice of Termination to the other party hereto given in accordance with section
16. This Agreement is intended by you and us only to define the different ways in which your
employment can terminate during a Protected Period and the exclusive consequences of that
termination in terms of payments by us. Nothing in this Agreement shall (1) be construed as
creating an express or implied contract of employment, changing your status as an employee at will,
giving you any right to be retained in the employ of Dole, or giving you the right to any
particular level of compensation or benefits nor (2) interfere in any way with the right of Dole to
terminate your employment at any time with or without Cause, subject in either case to any express
payment obligations of Dole under section 1 and Exhibit A in the case of a Termination.

3. No Mitigation of Damages; Withholding.

     (a) Your rights under this Agreement will be considered severance pay in consideration of your
past service and your continued service from the date of this Agreement. You will not have any
duty to mitigate your damages or reduce our payments to you under this Agreement by seeking future
employment. The amounts payable to you under this Agreement will not be reduced or subject to
repayment to us as a result of any compensation you may receive from future employment.

     (b) All payments required to be made by us to you under this Agreement will be subject to the
withholding of such amounts, if any, relating to tax and other payroll deductions as we may
reasonably determine we should withhold pursuant to law or regulation.

     (c) Except as set forth in Exhibit A, our obligation to make the payments provided for in this
Agreement and otherwise to perform our obligations under this Agreement will not be subject to any
set-off, counterclaim, recoupment, defense or other claim, right or action that we may have against
you.

4. Release. Notwithstanding anything to the contrary in this Agreement, our obligation to
make any payment provided for in this Agreement upon or after a termination of service (other than
as a result of your death) is expressly made subject to and conditioned upon (a) your prior
execution of a release substantially in the form of Exhibit C, attached at the end of this
Agreement, within 90 days after the date of Termination and (b) such release becoming effective and
irrevocable in accordance with its terms, within 90 days after the date of Termination. Pending
the delivery of the release and expiration of any and all applicable statutory waiting periods, no
such payment will be due hereunder.

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5. Employee Covenants.

     (a) Unauthorized Disclosure. You shall not, during the term of this Agreement and
thereafter, make any Unauthorized Disclosure. For purposes of this Agreement, “Unauthorized
Disclosure” shall mean your disclosure without the prior written consent of Dole to any person,
other than an employee of Dole or a person to whom disclosure is reasonably necessary or
appropriate in connection with your performance of your duties as an employee and/or officer of
Dole, of any confidential information relating to the business or prospects of Dole including, but
not limited to, any confidential information with respect to any of Dole’s customers, products,
methods of distribution, strategies, business and marketing plans and business policies and
practices, except (i) to the extent disclosure is or may be required by law, by a court of law or
by any governmental agency or other person or entity with apparent jurisdiction to require you to
divulge, disclose or make available such information or (ii) in confidence to an attorney or other
advisor for the purpose of securing professional advice concerning your personal matters provided
such attorney or other advisor agrees to observe these confidentiality provisions. Unauthorized
Disclosure shall not include your use or disclosure, without consent, of any information known
generally to the public or known within Dole’s trade or industry (other than as a result of
disclosure by you in violation of this section 5(a)). This confidentiality covenant has no
temporal, geographical or territorial restriction.

     (b) Conflict of Interest. During the period of your employment with Dole, you shall not,
directly or indirectly, without the prior written consent of Dole, own, manage, operate, join,
control, be employed by, consult with or participate in the ownership, management, operation or
control of, or be connected with (as a stockholder, partner, or otherwise), any business,
individual, partner, firm, corporation or other entity that competes, directly or indirectly, with
Dole; provided, however, that your “beneficial ownership” (as that term is defined in Rule 13d-3
under the Exchange Act), either individually or as a member of a “group” for purposes of Section
13(d)(3) under the Exchange Act and the regulations promulgated thereunder, of not more than two
percent (2%) of the voting stock of any publicly-held corporation shall not be a violation of this
Agreement.

     (c) Non-Solicitation. During the period of your employment with Dole and for a period
of twenty-four (24) months following immediately thereafter (the “Restricted Period”), you shall
not, either directly or indirectly, alone or in conjunction with another person, interfere with or
harm, or attempt to interfere with or harm, the relationship of Dole, with any person who at any
time was an employee, consultant, supplier, licensor, licensee, contractor, agent, strategic
partner, distributor or customer of Dole or otherwise had a business relationship with Dole. In
addition, during the Restricted Period, you shall not, either directly or indirectly, alone or in
conjunction with another person, except as otherwise agreed to in writing by Dole, solicit, induce
or recruit the employment or services of (whether as an employee, officer, director, agent,
consultant or independent contractor), or encourage to change such person’s relationship with Dole,
any individual who, at the time of such solicitation, inducement or recruitment or at any time
during the twelve months preceding the date thereof, was an employee, officer, director, or
individual serving as a consultant or independent contractor of Dole.

     (d) Remedies. You acknowledge that you have carefully read and considered all the
terms and conditions of this Agreement, including the restraints imposed upon you pursuant to this
section 5. You agree that each of the restraints contained herein are necessary for the protection
of the goodwill, confidential information, trade secrets and other legitimate interests

3

 

of Dole; that each and every one of these restraints is reasonable in respect to subject
matter, length of time and geographic area; and that these restraints, individually or in the
aggregate, will not prevent you from obtaining other suitable employment during the period in which
you are bound by such restraints. You and Dole further agree that Dole would not have entered into
this Agreement but for the inclusion of such covenants herein. You agree that any breach of the
terms of this section 5 would result in irreparable injury and damage to Dole for which Dole would
have no adequate remedy at law; you therefore also agree that in the event of said breach or any
threat of breach, Dole shall be entitled to an immediate injunction and restraining order to
prevent such breach and/or threatened breach and/or continued breach by you and/or any and all
persons and/or entities acting for and/or with you, without having to prove damages or posting a
bond, in addition to any other remedies to which Dole may be entitled at law or in equity. The
terms of this section 5(d) shall not prevent Dole from pursuing any other available remedies for
any breach or threatened breach hereof, including but not limited to the recovery of damages from
you. Should a court or arbitrator determine, however, that any provision of this section 5 is
unreasonable, either in period of time, geographical area, or otherwise, the parties hereto agree
that the covenants should be interpreted and enforced to the maximum extent which such court or
arbitrator deems reasonable.

     The provisions of this section 5 shall survive any termination of this Agreement or your
employment with Dole, and the existence of any claim or cause of action by you against Dole,
whether predicated on this Agreement or otherwise, shall not constitute a defense to the
enforcement by Dole of the covenants and agreements of this section 5; provided, however, that this
paragraph shall not, in and of itself, preclude you from defending yourself against the
enforceability of the covenants and agreements of this section 5.

6. Indemnification: In any circumstance where, under our certificate of incorporation or
by-laws, we have the power to indemnify or advance expenses to you in respect of any judgments,
fines, settlements, losses, costs or expenses (including attorneys’ fees) of any nature relating to
or arising out of your activities as an agent, employee, officer or director of Dole or in any
other capacity on behalf of or at the request of Dole, we agree that, if you have undergone a
Qualified Termination, we will promptly, on written request, indemnify and advance expenses to you
to the fullest extent permitted by applicable law, including but not limited to making such
findings and determinations and taking any and all such actions as we may, under applicable law, be
permitted to have the discretion to take so as to effectuate such indemnification or advancement.
Such agreement by Dole will not be deemed to impair any other obligation of Dole respecting
indemnification of you otherwise arising out of this or any other agreement or promise of Dole or
under our certificate of incorporation or by-laws.

7. Binding Agreement. This Agreement will be binding upon and inure to the benefit of you
and Dole and will be enforceable by your personal or legal representatives or successors. If you
die during a Protected Period while any amounts would still be payable to you under this Agreement
at the time of your death, then such amounts will be paid to your estate, or such rights will
remain exercisable by your estate, respectively, in accordance with the terms of this Agreement.
This Agreement will not otherwise be assignable by you.

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8. Successors. This Agreement will inure to and be binding upon Dole ‘s successors,
including, without limitation, any successor to all or substantially all of Dole ‘s business and/or
assets. Dole will require any such successor to all or substantially all of the business and/or
assets of Dole by sale, transfer, merger (where Dole is not the surviving corporation),
consolidation, recapitalization, reorganization, lease, distribution, spin-off or otherwise, to
expressly assume in writing this Agreement, unless it is assumed by operation of law. This
Agreement will not otherwise be assignable by Dole.

9. Arbitration. Any controversy or claim arising out of or relating to this Agreement, or
the breach thereof, will be submitted to final and binding arbitration, to be held in Los Angeles
County, California, before a single arbitrator, in accordance with California Civil Procedure Code
§§ 1280 et seq. The arbitrator will be selected by mutual agreement of you and us or, if you and
we cannot agree, then by striking from a list of arbitrators supplied by the American Arbitration
Association. The arbitrator will issue a written opinion revealing, however briefly, the essential
findings and conclusions upon which the arbitrator’s award is based. Judgment upon the award
rendered by the arbitrator(s) may be entered in any court having jurisdiction. We will pay the
arbitrator’s fees and arbitration expenses and any other costs associated with the arbitration
hearing. You and we will each bear our respective deposition, witness, expert and attorneys’ fees
and other expenses as and to the same extent as if the matter were being heard in court. If,
however, any party prevails on a statutory claim that affords the prevailing party attorneys’ fees
and costs, or if there is a written agreement providing for fees and costs, then the arbitrator
will award reasonable fees to the prevailing party in accordance with the statute or the written
agreement, as appropriate. Any dispute as to the reasonableness of any fee or cost will be
resolved by the arbitrator. Nothing in this section 9 will affect your or our ability to seek from
a court injunctive or equitable relief.

10. Confidentiality. Except as may be necessary to enter or execute judgment upon an
arbitration award or to the extent required by applicable law, all claims, defenses and proceedings
(including, without limitation, the existence of a controversy, the fact that there is an
arbitration proceeding and the content of the pleadings, papers, orders, hearings, trials or awards
in the arbitration) will be treated in a confidential manner by the arbitrator, the parties and
their counsel, each of their agents and employees and all others acting on behalf of or in concert
with them. Any controversy relating to the arbitration, including, without limitation, any action
to prevent or compel arbitration or to confirm, correct, vacate or otherwise enforce an arbitration
award, will be filed under seal with the court, to the extent permitted by law.

11. Restraint on Alienation. None of your benefits, payments, proceeds or claims under
this Agreement will be subject to any claim of any creditor and, in particular, the same will not
be subject to attachment or garnishment or other legal process by any creditor, nor will you have
any right to alienate, anticipate, commute, pledge, encumber or assign any of the benefits or
payments of proceeds that you may expect to receive, contingently or otherwise, under this
Agreement. Notwithstanding the preceding sentence, benefits that are in pay status may be subject
to a garnishment or wage assignment or authorized or mandatory deductions made pursuant to a court
order, a tax levy or applicable law or your elections.

12. Termination Prior to Change of Control Date. Notwithstanding section 15, but subject
to the last sentence of section 1(a), if, prior to the first Change of Control Date, your
employment with Dole terminates, then all of your rights under this Agreement terminate, and this
Agreement will be deemed to have been terminated on the date of your termination.

5

 

13. Strict Compliance; Severability; Integration. Your or our failure to insist upon
strict compliance with any provision of this Agreement or the failure to assert any right you or
Dole may have hereunder, including, without limitation, your right to terminate for Good Reason or
our right to terminate for Cause, will not be deemed to be a waiver of such provision or right with
respect to any subsequent lack of compliance, or of any other provision of or right under this
Agreement. The invalidity or unenforceability of any provision of this Agreement will not affect
the validity or enforceability of any other provision of this Agreement. This Agreement contains
the entire agreement between you and Dole with respect to the subject matter hereof and supersedes,
with respect to the subject matter hereof, all prior or contemporaneous agreements, understandings
and negotiations, whether oral or written, between you and Dole, including without limitation any
employment agreement, change of control agreement, offer letter or other agreement, if any; and any
such employment agreement, change of control agreement, offer letter or other agreement, if any,
shall be null and void to the extent it provides for any payment or benefit to you contingent upon
the occurrence (alone or with other events) of a Change of Control or an event that is otherwise
deemed to be comprehended by the term “change of control.” You and Dole acknowledge and agree that
no representations, inducements, promises or agreements, orally or otherwise, have been made by you
or Dole regarding the subject matter hereof that are not contained in this Agreement, and that no
other agreement, statement or promise not contained herein shall be valid or binding with respect
to the subject matter hereof.

14. Choice of Law: This Agreement is made in, and will be governed by, the laws of the
State of California, without regard to the choice of laws or conflict of laws principles or rules
of the State of California or of any other jurisdiction.

15. Modification or Termination of this Agreement: After the first Change of Control Date,
this Agreement may only be modified or terminated by a writing signed by both you and us. Before
the first Change of Control Date, we may unilaterally modify or terminate this Agreement, but such
unilateral modification or termination will not be effective until the second anniversary of the
date on which we first give you express written notice of the unilateral modification or
termination (the “Modification Effective Date”); provided, however, that the unilateral
modification or termination shall never become effective if (1) a Change of Control Date occurs
before the Modification Effective Date and (2) your employment is terminated during the Protected
Period in respect of such Change of Control Date. Nothing in this section 15 shall in any way
eliminate, diminish or restrict the effect of section 12. This Agreement shall continue in full
force and effect until it is terminated in accordance with the terms of this Agreement.

16. Notices. All notices and other communications under this Agreement must be in writing
and must be given by hand delivery to the other party, by reputable overnight courier or by
registered or certified mail, return receipt requested, postage prepaid, addressed as follows:

If to you:

Name

Address

City, State

If to Dole:

Dole Food Company, Inc.

One Dole Drive

Westlake Village, California 91362-7300

Attention: President

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with a copy to:

Dole Food Company, Inc.

One Dole Drive

Westlake Village, California 91362-7300

Attention: General Counsel

or to such other address as either party will have furnished to the other in writing in accordance
herewith. Notice and communications will be effective when actually received by the addressee.

17. Section 409A Compliance.

     (a) The parties agree that this Agreement is intended to comply with the requirements of
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and the regulations and
guidance promulgated thereunder (“Section 409A”) or an exemption from Section 409A.
The Agreement shall be administered and interpreted so as to avoid a “plan failure” within the
meaning of Code Section 409A. However, no guarantee or commitment is made that the Agreement shall
be administered in accordance with the requirements of Code Section 409A, with respect to amounts
that are subject to Section 409A, or that it shall be administered in a manner that avoids the
application of Code Section 409A, with respect to amounts that are not subject to Section 409A.

     (b) A termination of employment shall not be deemed to have occurred for purposes of any
provision of this Agreement providing for the payment of any amounts or benefits upon or following
a termination of employment unless such termination is also a “separation from service” within the
meaning of Section 409A and, for purposes of any such provision of this Agreement, references to a
“termination,” “termination of employment” or like terms shall mean “separation from service.” If
you are deemed on the date of termination to be a “specified employee” within the meaning of that
term under Section 409A(a)(2)(B) of the Code, then with regard to any payment or the provision of
any benefit (whether under this Agreement or otherwise) that is considered deferred compensation
under Section 409A payable on account of a “separation from service,” and that is not exempt from
Section 409A as involuntary separation pay or a short-term deferral (or otherwise), such payment or
benefit shall be made or provided at the date which is the earlier of (i) the expiration of the six
(6)-month period measured from the date of your “separation from service” or (ii) the date of your
death (the “Delay Period”). Upon the expiration of the Delay Period, all payments and benefits
delayed pursuant to this section 17(b) (whether they would have otherwise been payable in a single
sum or in installments in the absence of such delay) shall be paid or reimbursed to you in a lump
sum, and any remaining payments and benefits due under this Agreement shall be paid or provided in
accordance with the normal payment dates specified for them herein.

     (c) With regard to any provision herein that provides for reimbursement of costs and expenses
or in-kind benefits, except as permitted by Section 409A of the Code, all such payments shall be
made on or before the last day of calendar year following the calendar year in which the expense
occurred.

     (d) Each payment made under this Agreement shall be treated as a “separate payment” within the
meaning of Section 409A.

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Please indicate your acceptance of and agreement to the terms of this Change of Control Agreement
by signing and dating below, where indicated, and returning a signed copy to us.

Sincerely,

DOLE FOOD COMPANY, INC.

	 	 	 	 	 
	Title:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Agreed and Accepted:	 	 
	 
	 	 	 	 
	 	 	 
	Date:
	 	 	 	 
	 

	 	 

	 	 

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APPENDIX 1

Definitions

“Accrued Obligations” shall mean the sum of (1) your annual base salary through the date of
Termination to the extent not theretofore paid and (2) any compensation previously deferred by you
(together with any accrued interest or earnings thereon) pursuant to outstanding elections and/or
any accrued vacation pay or paid time off, in each case to the extent not theretofore paid;
provided, that if your employment is Terminated by us for Cause, other than your death, the date of
Termination, for purposes of this definition of Accrued Obligations, shall be deemed to be the date
on which Notice of Termination was given. For the avoidance of doubt, and notwithstanding any other provision in this Agreement, “Accrued
Obligations” shall not include benefits payable under the Dole Food Company, Inc. Excess Savings
Plan, the Dole Food Company, Inc. Supplementary Executive Retirement Plan, Non-Employee Directors
Deferred Cash Compensation Plan or any predecessor or successor to either plan.

“Affiliate” shall have the meaning ascribed in Rule 12b-2 promulgated under the Exchange Act.

“Associate” shall have the meaning ascribed in Rule 12b-2 promulgated under the Exchange Act.

“Change of Control” shall have the meaning set forth in Appendix 2.

“Change of Control Date” shall mean the first date after the date of this Agreement on which a
Change of Control occurs, except as set forth in the last sentence of section 1(a).

“Disability” shall have the meaning ascribed to such term in your governing long-term
disability plan, or if no such plan exists, shall mean your absence from, or inability to perform
duties for, Dole on a full-time basis for 90 consecutive business days or 120 business days in any
period of 180 business days as a result of mental or physical illness or injury that is total and
permanent, as determined by a physician selected by us or our insurers and acceptable to you or
your legal representative (such agreement as to acceptability not to be withheld unreasonably) and
that is not susceptible to reasonable accommodation.

“Notice of Termination” shall mean a written notice which (1) indicates the specific termination
provision in this Agreement relied upon, and (2) to the extent applicable, sets forth in reasonable
detail the facts and circumstances claimed to provide a basis for termination of your employment
under the provision so indicated.

“Termination by us for Cause,” “Terminated by us for Cause” and “Cause” shall mean Dole’s
termination of your employment with Dole (during a Protected Period) pursuant (except under clause
(e), below, in which case Dole need not send a Notice of Termination) to a Notice of Termination
given within 120 days following our becoming aware of the occurrence of any one or more of the
following to the extent (in the case of clause (b) or (c) if remediable) not remedied in a
reasonable period of time after receipt by you of written notice from us specifying such occurrence
(any termination of your employment by Dole that is not a Termination by us for Cause will be
deemed to be a “Termination by us other than for Cause”):

     (a) You are convicted of, or plead guilty or nolo contendere to, a felony;

     (b) You commit an act of gross misconduct in connection with the performance of your duties;

     (c) You demonstrate habitual negligence in the performance of your duties;

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     (d) You commit an act of fraud, misappropriation of funds or embezzlement in
connection with your employment by Dole;

     (e) Your death; or

     (f) Your Disability.

“Termination by you for Good Reason” “Terminated by you for Good Reason” and “Good Reason” means
your resignation of employment with Dole (during the Protected Period) within 120 days following
the occurrence of one or more of the following to the extent not remedied in a reasonable period of
time after receipt by Dole of written notice from you specifying such occurrence, without your
express written consent (any termination of your employment by you that is not a Termination by you
with Good Reason will be deemed to be a “Termination by you other than for Good Reason”):

     (a) Whether direct or indirect, a significant diminution of your authority, duties,
responsibilities or status inconsistent with and below those held, exercised and assigned in the
ordinary course during the 90 day period immediately preceding the Change of Control Date,
excluding any such significant diminution that (i) begins prior, and ends on or prior, to the date
on which a Fundamental Transaction or Asset Sale becomes effective or is consummated that
constitutes a Change of Control, and (ii) results from the affirmative and negative pre-closing
operating covenants applicable to Dole contained in the definitive transaction agreements providing
for such Fundamental Transaction or Asset Sale.

     (b) The assignment to you of duties that are inconsistent (in any significant respect) with,
or that impair (in any significant respect) your ability to perform, the duties customarily
assigned to an executive holding the position you held immediately prior to the Change of Control
Date in a corporation of the size and nature of Dole, or, if you were employed prior to termination
by a Subsidiary or business unit of the Corporation, in a subsidiary or business unit of the size
and nature of the Subsidiary or business unit of the Corporation in which you were employed;

     (c) Relocation of your primary office more than 35 miles from your current office on the
Change of Control Date;

     (d) Any material breach by us of this Agreement or any other agreement with you;

     (e) The failure of a successor to Dole (in any transaction that constitutes a Change of
Control), to assume in writing our obligations to you under this Agreement or any other agreement
with you, if the same is not assumed by such successor by operation of law;

     (f) Any reduction in your base salary below your base salary in effect on the Change of
Control Date (or if your base salary was reduced within 180 days before the Change of Control Date,
the base salary in effect immediately prior to such reduction); or

     (g) Any non de minimis reduction in your aggregate benefits and other compensation (other than
equity-based compensation) (“Benefits”), provided that a reduction in the aggregate of not
more than 5% in aggregate Benefits in connection with across-the-board reductions or modifications
affecting similarly situated persons of comparable rank in Dole or a combined organization shall
not constitute Good Reason.

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APPENDIX 2

Additional Definitions

“Change of Control” shall be deemed to occur if and as of the first day that any one or more of the
following conditions are satisfied, whether accomplished directly or indirectly, or in one or a
series of related transactions:

     (1) any “Person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”)), other than (a) David H. Murdock or (b) following the
death of David H. Murdock, the trustee or trustees of a trust created by David H. Murdock, becomes
the “Beneficial Owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly,
of securities of the Corporation representing 20% or more of the combined voting power of the
Corporation’s then outstanding securities;

     (2) individuals who, as of the date hereof, constitute the Board of Directors of the
Corporation (the “Incumbent Board”) cease for any reason to constitute at least a majority of the
Board; provided, however, that any individual who becomes a director subsequent to the date hereof
whose election, or nomination for election by the Corporation’s stockholders, was approved by a
vote of at least two-thirds of the directors then comprising the Incumbent Board shall be
considered as though such individual were a member of the Incumbent Board, unless the individual’s
initial assumption of office occurs as a result of either an actual or threatened election contest
or other actual or threatened tender offer, solicitation of proxies or consents by or on behalf of
a Person other than the Board;

     (3) a reorganization, merger, consolidation, recapitalization, tender offer, exchange offer or
other extraordinary transaction involving Dole (a “Fundamental Transaction”) becomes effective or
is consummated, unless: (a) more than 50% of the outstanding voting securities of the surviving or
resulting entity (including, without limitation, an entity (“parent”) which as a result of such
transaction owns the Corporation or all or substantially all of the Corporation’s assets either
directly or through one or more subsidiaries) (“Resulting Entity”) are, or are to be, Beneficially
Owned, directly or indirectly, by all or substantially all of the Persons who were the Beneficial
Owners of the outstanding voting securities of the Corporation immediately prior to such
Fundamental Transaction (excluding, for such purposes, any Person who is or, within two years prior
to the consummation date of such Fundamental Transaction, was, an Affiliate or Associate (other
than an Affiliate of Dole Food Company, Inc. immediately prior to such consummation date) (as each
of Affiliate and Associate are defined in Rule 12b-2 promulgated under the Exchange Act) of a party
to the Fundamental Transaction) in substantially the same proportions as their Beneficial
Ownership, immediately prior to such Fundamental Transaction, of the outstanding voting securities
of the Corporation and (b) more than half of the members of the board of directors or similar body
of the Resulting Entity (or its parent) were members of the Incumbent Board at the time of the
execution of the initial agreement providing for such Fundamental Transaction.

     (4) A sale, transfer or any other disposition (including, without limitation, by way of
spin-off, distribution, complete liquidation or dissolution) of all or substantially all of the
Corporation’s business and/or assets (an “Asset Sale”) is consummated, unless, immediately
following such consummation, all of the requirements of clauses (3)(a) and (3)(b) of this
definition of Change of Control are satisfied, both with respect to the Corporation and with
respect to the entity to which such business and/or assets have been sold, transferred or otherwise
disposed of or its parent (a “Transferee Entity”).

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The consummation or effectiveness of a Fundamental Transaction or an Asset Sale shall be deemed not
to constitute a Change of Control if more than 50% of the outstanding voting securities of the
Resulting Entity or the Transferee Entity, as appropriate, are, or are to be, Beneficially Owned by
David H. Murdock. For the avoidance of doubt, the consummation of the initial public offering of
the Corporation’s common stock shall not be considered a Change of Control or Fundamental
Transaction for any purpose under this Agreement.

“Corporation” shall mean Dole Food Company, Inc., a Delaware corporation, and its successors. For
purposes of this definition of Corporation, after the consummation of a Fundamental Transaction or
an Asset Sale, the term “successor” shall include, without limitation, the Resulting Entity or
Transferee Entity, respectively.

“Dole” shall mean the Corporation and/or its Subsidiaries.

“Subsidiary” shall mean any corporation or other entity a majority or more of the outstanding
voting stock or voting power of which is beneficially owned directly or indirectly by the
Corporation.

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Exhibit A

Amount of Severance Pay and Benefits Following Qualified Termination

If a Qualified Termination occurs, Dole will pay you (except as provided below) the following, no
later than 90 calendar days after the date of Termination (or 90 days after the Change of Control
becomes effective or is consummated, if you have a Qualified Termination pursuant to the last
sentence of section 1(a) of the Agreement):

     (a) An amount in cash equal to two times your annual base salary as of the date of Termination
(or if your annual base salary was reduced within 180 days before the Change of Control Date, the
annual base salary in effect immediately prior to such reduction);

     (b) An amount in cash equal to two times your target bonus as of the date of Termination (or
if your target bonus was reduced within 180 days before the Change of Control Date, the target
bonus in effect immediately prior to such reduction);

     (c) An amount in cash equal to two times $10,000, in lieu of any other health and welfare
benefits (including medical, life, disability, accident and other insurance or other health and
welfare plans, programs, policies or practices or understandings) and other taxable perquisites and
fringe benefits to which you or your family may have been entitled.

     (d) An amount in cash equal to the pro rata portion of the greater of (i) your target benefits
under our long term incentive plan (the “LTIP”) and (ii) your actual benefits under the LTIP;

     (e) An amount in cash equal to the aggregate amount of the Accrued Obligations;

     (f) An amount in cash equal to the pro rata portion of your target annual bonus for the fiscal
year in which the date of Termination occurs; and

     (g) An amount in cash equal to any reimbursement for outstanding reimbursable expenses.

“Pro rata portion” in clauses (d) and (f), above, means pro rata with respect to the portion of the
relevant time period that has elapsed prior to the date of Termination.

If a Qualified Termination occurs pursuant to the last sentence of section 1(a) of the Agreement,
then, notwithstanding anything to the contrary provided in any plans or agreements of Dole pursuant
to which you were granted options to purchase shares of Dole’s common stock, any period of time set
forth in such plans or agreements in which you must exercise your options shall not begin to run
until the earlier to occur of (x) the consummation or effectiveness of the Fundamental Transaction
or the Asset Sale and (y) 270 days after the date of Termination.

Notwithstanding anything to the contrary provided in any plans or agreements of Dole pursuant to
which you were granted options to purchase shares of Dole’s common stock and/or other equity-based
compensation awards, all of your unvested options and/or other equity-based compensation awards
granted pursuant to such plans or agreements (whenever granted) shall be deemed to vest immediately
prior to the first time that one or both of the following conditions are satisfied: (i) a Change of
Control occurs and the acquiring or surviving company in the transaction does not assume or
continue your outstanding awards in connection with the Change of Control; or (ii) a Qualified
Termination occurs, and neither the Board of Directors of Dole nor any committee thereof nor any
other Person shall have any discretion, right or power whatsoever to block, delay or impose any
condition upon such vesting. For the avoidance of doubt and not by way of limitation of the
foregoing, if a Qualified Termination occurs pursuant to the last sentence of section 1(a) of this
Agreement, all of your unvested options

13

 

and/or other equity-based compensation awards shall vest hereunder immediately prior to the
effectiveness or consummation of the Fundamental Transaction or the Asset Sale but not at any
earlier time.

Your severance pay and benefits listed above and/or those provided to you under other agreements,
plans or arrangements with Dole, are subject to adjustment as provided in Exhibit B. The
adjustments are related to special taxes that may be imposed on you and/or us if the severance
amounts and benefits you receive constitute so-called “excess parachute payments” under the tax
laws. These tax laws and the IRS rules and regulations that implement the laws are highly complex,
so we will not attempt to summarize them for you.

In the event that you have an employment contract or any other agreement with Dole or participate
in any other plan or program that entitles you to severance payments upon the termination of your
employment with Dole, the amount of any such severance payments will be deducted from the payments
to be made to you under this Agreement. All benefits under this Agreement also will be reduced by
the amount paid to you under any United States, foreign or state statute, law, rule or regulation
that requires a formal notice period, pay in lieu of notice (including but not limited to WARN Act
payments), termination, indemnity, severance payments or similar payments or entitlements related
to service, other than unemployment or social security benefits provided in the United States. Notwithstanding the foregoing provisions of this paragraph, the benefit reductions described in
this paragraph shall only apply to the extent consistent with Section 409A and authoritative IRS
guidance thereunder.

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Exhibit B

Adjustment to Severance Pay and Benefits

     1. Adjustments. If any payment or benefit due under this Agreement, together with all
other payments and benefits (including, without limitation, the acceleration of vesting of stock
options and/or other equity-based compensation awards) to which you are entitled from Dole, or any
affiliate thereof, would (if paid or provided) constitute an “excess parachute payment” (as defined
in Section 280G(b)(1) of the Code), the amounts otherwise payable and benefits otherwise due under
this Agreement will either (i) be delivered in full, or (ii) be limited to the minimum extent
necessary to ensure that no portion thereof will fail to be tax-deductible to Dole by reason of
Section 280G of the Code, whichever of the foregoing amounts, taking into account the applicable
federal, state or local income and employment taxes and the excise tax imposed under Section 4999
of the Code, results in your receipt, on an after-tax basis, of the greatest amount of benefits,
notwithstanding that all or some portion of such benefits may be subject to the excise tax imposed
under Section 4999 of the Code. In the event that the payments and/or benefits are to be reduced
pursuant to this Exhibit B, such payments and benefits shall be reduced such that the reduction of
compensation to be provided to you as a result of this Exhibit B is minimized. In applying this
principle, the reduction shall be made in a manner consistent with the requirements of Section 409A
of the Code and where two economically equivalent amounts are subject to reduction but payable at
different times, such amounts shall be reduced on a pro rata basis but not below zero.

     2. Determinations. All determinations required to be made under this Exhibit B,
including without limitation the determination of whether any payment or benefit would result in a
loss of a deduction by reason of Section 280G, the calculation of the value of any such payment or
benefit and whether any payment or benefit constitutes reasonable compensation, will be made, at
our option, by Dole’s independent auditors or a nationally recognized executive compensation
consulting firm (the “Accounting Firm”). The Accounting Firm will provide detailed supporting
calculations both to Dole and you within 15 business days of the receipt of notice from you that
there has been a payment that could constitute an excess parachute payment, or such earlier time as
is requested by Dole. If the Accounting Firm is serving as accountant or auditor for the Person
effecting the Change of Control, Dole will appoint another nationally recognized accounting firm to
make these required determinations (which accounting firm will then be referred to as the
Accounting Firm). All fees and expenses of the Accounting Firm will be borne solely by Dole. Any
such determinations by such accounting firm will be binding on you and Dole.

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Exhibit C

Form of General Release Agreement

THIS GENERAL RELEASE AGREEMENT (this “Agreement”), by and between                      (the “Executive”)
and Dole Food Company, Inc., and its subsidiary and affiliate corporations (collectively, the
“Company”), with reference to the following facts:

     1. Date of Termination. Executive’s employment with the Company will be terminated
effective
                    ,
___ (“date of Termination”).

     2. Payment Contingent upon Release. Executive understands that Company’s obligation
to make the payments provided for in the Change of Control Agreement dated as of                     , ___
(the “Change of Control Agreement”) between Executive and the Company, is conditioned upon
Executive’s execution of this release within 90 days after the date of Termination and
non-revocation of this release in accordance with the terms hereof.

     3. Payment Amount. Executive further understands that by signing this Agreement,
Company shall pay Executive a lump sum payment of                     , less payroll and other deductions
required by law and authorized by the terms of the Change of Control Agreement.

     4. Return of Company Property. Executive shall immediately return to the Company all
property of the Company, including computer and other electronic equipment, computer passwords,
telephones, pagers, etc., in his possession or control.

     5. Satisfaction and Release of All Obligations Owed. Except for those obligations
created by this Agreement, and except as provided below, Executive understands and agrees that, by
signing this Agreement, Executive acknowledges full and complete satisfaction of and is releasing
and discharging and promising not to sue the Company, its divisions, subsidiaries, affiliates, past
and present and each of them as well as its and their directors, officers, stockholders,
representatives, assignees, successors, agents and Executives, past and present, and each of them
(individually and collectively, “Releasees”), from and with respect to any and all claims, wages,
stock, vacation pay, paid time off, bonuses, employee benefits, separation pay, or any other
compensation, employment perquisites or benefits, demands, rights, liens, agreements, suits,
obligations, debts, costs, expenses, attorneys’ fees, damages, judgments, orders and liabilities of
any kind, known or unknown, suspected or unsuspected, and whether or not concealed or hidden,
arising out of or in any way connected with Executive’s employment with, or the termination of
Executive’s employment with, the Company, including but in no way limited to any act or omission
committed or omitted prior to the date of execution of this Agreement. This includes but is in no
way limited to any claim under Title VII of the Civil Rights Act of 1964, the Age Discrimination in
Employment Act of 1967, as amended (“ADEA”), the Executive Retirement Income Security Act of 1974
(except for vested benefits, if any), the Americans with Disabilities Act, California Fair
Employment and Housing Act, or any other foreign law, federal, state or local law, regulation,
constitution or ordinance. Nothing in this release shall affect Executive’s ability to pursue
COBRA rights, and Company acknowledges the Executive will pursue his election to convert coverages
as permitted under COBRA. Further, nothing in this Release shall affect Executive’s rights under
any qualified retirement plans, supplemental retirement plans, deferred compensation plans or stock
incentive plans of the Company, and Executives rights under such plans shall be governed by the
terms of such plans.

     6. Release of Liability Related to Termination. Except for those obligations created
by this Agreement, and except as provided below, the Company hereby acknowledges full and complete
satisfaction of and releases and discharges and covenants not to sue Executive from and with
respect to any and all claims, demands, rights, liens, agreements, suits, obligations, debts,
costs, expenses, attorneys’ fees, damages, judgments, orders and liabilities of any kind, known or
unknown, suspected or unsuspected, and whether or not concealed or hidden, arising out of or in any
way connected with

16

 

Executive’s employment with, or the termination of Executive’s employment with, the Company,
including but in no way limited to any act or omission committed or omitted prior to the date of
execution of this Agreement, provided however, that this general release of Executive shall not
extend to any claims against Executive which arise out of facts which are finally adjudged by a
court of competent jurisdiction to be a willful breach of fiduciary duty or a crime under any
federal, state, or local statute, law, ordinance or regulation. At this time, no such claim exists
to the Company’s knowledge.

     7. Covenants. The parties covenant and affirm that neither of them has caused or
permitted to be filed any claim, charge, suit, complaint, action, cause of action, or proceeding of
any kind in any forum against the Releases or the Executive. The parties further covenant and
affirm that they have not made any assignment and will make no assignment of any claims, demands or
causes of action released herein and will not file, refile, initiate, or cause to be filed,
refilled or initiated any claim, charge, suit, complaint, action or cause of action based upon,
arising out of, or relating to any claim, demand, or cause of action released herein, nor shall the
parties participate, assist or cooperate in any claim, charge, suit, complaint, action or
proceeding regarding the Releasees or the Executive, whether before a court, administrative agency,
arbitrator or other tribunal, unless required to do so by law.

     8. Waiver of Section 1542. Except as provided in this Agreement, it is both parties’
intention in signing this Agreement that it should be effective as a bar to each and every claim,
demand and cause of action stated above. In furtherance of this intention, each party hereby
expressly waives any and all rights and benefits conferred upon it by the provisions of Section
1542 of the California Civil Code or any similar law in any other jurisdiction. Section 1542
provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT
TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER
MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.”

     9. Waiver of ADEA Rights. Executive understands and agrees that, by signing this
Agreement, Executive is waiving any and all rights or claims that Executive may have arising under
the ADEA, which have arisen on or before the date of execution of this Agreement. Executive
further understands and agrees that (i) in return for this Agreement, Executive will receive
compensation beyond that which Executive was already entitled to receive before entering into this
Agreement, (ii) Executive is hereby advised in writing by this Agreement to consult with an
attorney before signing this Agreement, (iii) Executive has been provided a full and ample
opportunity to study this Agreement, including a period of at least twenty-one (21) days, within
which to consider it, (iv) to the extent that Executive takes less than twenty-one (21) days within
which to consider this Agreement prior to execution, Executive acknowledges that he has had
sufficient time to consider this Agreement with his counsel and that he expressly, voluntarily and
knowingly waives any additional time; and (v) Executive was informed that Executive has seven (7)
days following the date of signing of this Agreement in which to revoke this Agreement by
delivering a written, signed revocation to Vice-President — Human Resources, Dole Food Company,
Inc., One Dole Drive, Westlake Village, CA 91362, before the expiration of seven (7) days.

     10. Confidential Information. Executive acknowledges that during Executive’s
employment with the Company, Executive has had access to confidential and proprietary business
information that is the property of the Company, the disclosure or utilization of which would cause
substantive and irreparable harm, loss of goodwill and injury to the Company. Executive
acknowledges that Executive has returned to the Company all such confidential and proprietary
business information in Executive’s possession, custody or control, as well as all files,
memoranda, records, documents, computer records, copies of the foregoing, and other such
information related to the Company in Executive’s possession, custody or control. Executive
further agrees not to disclose or utilize any such confidential or proprietary business information
in the future.

     11. Waiver of Claims for Damages. Each party agrees that by this Agreement it waives
any claim for damages incurred at any time after the date of this Agreement because of alleged
continuing effects of

17

 

any alleged wrongful or discriminatory acts or omissions involving any Releasee, or the
Executive, as applicable, which occurred on or before the execution of this Agreement and any right
to sue for injunctive relief against the alleged acts or omissions occurring prior to the date of
this Agreement.

     12. Severability. The parties understand and agree that if any provision of this
Agreement shall, for any reason, be adjudged by any court of competent jurisdiction to be invalid
or unenforceable, such judgment shall not affect, impair, or invalidate the remainder of this
Agreement, but shall be confined in this operation to the provision of this Agreement directly
involved in the controversy in which such judgment shall have been rendered.

     13. Arbitration of Disputes.

          (a) Any controversy or claim arising out of or relating to this Agreement, its enforcement,
arbitrability or interpretation, or because of an alleged breach, default, or misrepresentation in
connection with any of its provisions, or arising out of or relating in any way to the Executive’s
employment or termination of the same, including, without limiting the generality of the foregoing,
any alleged violation of statute, common law or public policy, shall be submitted to final and
binding arbitration, to be held in Los Angeles County, California, before a single arbitrator, in
accordance with California Civil Procedure Code §§ 1280 et seq. The arbitrator shall be selected
by mutual agreement of the parties or, if the parties cannot agree, then by striking from a list of
arbitrators supplied by the American Arbitration Association. The arbitrator shall issue a written
opinion setting forth the essential findings and conclusions upon which the arbitrator’s award is
based. The Company will pay the arbitrator’s fees and arbitration expenses and any other costs
associated with the arbitration hearing (recognizing that each side bears its own deposition,
witness, expert and attorneys’ fees and other expenses as and to the same extent as if the matter
were being heard in court). If, however, any party prevails on a statutory claim which affords the
prevailing party attorneys’ fees and costs, or if there is a written agreement providing for fees
and costs, then the arbitrator may award reasonable fees to the prevailing party. Any dispute as
to the reasonableness of any fee or cost shall be resolved by the arbitrator. Nothing in this
paragraph shall affect the Executive’s or the Company’s ability to seek from a court injunctive or
equitable relief.

          (b) Except as may be necessary to enter judgment upon the award or to the extent required by
applicable law, all claims, defenses and proceedings (including, without limiting the generality of
the foregoing, the existence of a controversy and the fact that there is an arbitration proceeding)
shall be treated in a confidential manner by the arbitrator, the parties and their counsel, each of
their agents, and employees and all others acting on behalf of or in concert with them. Without
limiting the generality of the foregoing, no one shall divulge to any third party or Person not
directly involved in the arbitration the content of the pleadings, papers, orders, hearings,
trials, or awards in the arbitration, except as may be necessary to enter judgment upon an award as
required by applicable law. Any controversy relating to the arbitration, including, without
limiting the generality of the foregoing, to prevent or compel arbitration or to confirm, correct,
vacate or otherwise enforce an arbitration award, shall be filed under seal with the court, to the
extent permitted by law.

     14. Entire Understanding. The parties understand that this Agreement represents the
entire agreement and understanding between the parties and supersedes any prior or contemporaneous
agreement, understanding or negotiations respecting such subject. No change to or modification of
this Agreement shall be valid or binding unless it is in writing and signed by Executive and a duly
authorized officer of the Company.

     15. Governing Law. This Agreement shall be governed and construed under the applicable
laws of the State of California.

18

 

Executive affirms that Executive has read and understands this Agreement and hereby agrees to
voluntarily sign it. Executive declares under penalty of perjury that the foregoing is true and
correct.

EXECUTED this _____ day of                     , ____, at                                         .

	 	 	 
	 

	 	 
	[Name]
	 	 

19

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