Document:

QuickLinks
 -- Click here to rapidly navigate through this document

Exhibit 10.18  

 
 

EXCESS CONTRIBUTION PLAN
  OF
  BUNGE MANAGEMENT SERVICES INC.
  (Effective January 1, 1999)    
    

I.    Purpose of Plan  

        (a)    The
purpose of this Plan is to provide benefits for certain employees of Bunge Management Services Inc. (the "Company") participating in the Bunge Management
Services Savings Plan dated January 1, 1999, as may be amended (the "Savings Plan"), with respect to whom the amount of Company Contributions under the Savings Plan are or will be limited in
any year by application of the Internal Revenue Code of 1986, as amended (the "Code") or the Employee Retirement Income Security Act of 1974 ("ERISA"). 

        (b)    This
Plan also will provide benefits for a select group of management or highly compensated employees participating in the Savings Plan, who qualify as Special
Participants pursuant to Section II(b), to receive supplemental benefits. 

        (c)    This
Plan, to the extent that it provides benefits in excess of the limitations imposed by Section 415 of the Code is intended to be an "excess benefit plan" as
that term is defined in Section 3(36) of ERISA. 

II.    Participation in the Plan  

        (a)    A
participant in the Savings Plan shall participate in this Plan for each Plan Year (as defined in the Savings Plan) in respect of which the amount of the Company
Contributions which would otherwise be allocated to such participant's account under the Savings Plan, as from time to time in effect, are reduced by operation of the limitations imposed by
Section 415 of the Code as the same may be amended from time to time and Section 3.4 of the Savings Plan. 

        (b)    A
participant in the Savings Plan who is also a member of a select group of management or highly compensated employees whose Compensation (as defined in the Savings
Plan) exceeds the compensation limit imposed by Section 401(a)(17) of the Code and Section 1.10 of the Savings Plan shall be a Special Participant and shall participate in this Plan for
each Plan Year in respect of which the amount of the Company Contributions are further reduced by operation of the limitation on compensation imposed by Section 401(a)(17) of the Code and the
maximum amount limitation in Section 1.10 of the Savings Plan. 

        (c)    Any
Special Participant who has made the maximum Tax Deferred Contributions (as defined in the Savings Plan) under Section 402(g) of the Code or the terms of the
Savings Plan (including but not limited to Sections 2.1(a) and 3.6) shall also participate in the Plan for each Plan Year in respect of which the amount of Company Contributions are further reduced by
operation of (i) the limitation on Tax Deferred Contributions imposed by Section 402(g) of the Code and Section 2.1(a) of the Savings Plan, (ii) the nondiscrimination
requirements applicable to Company Contributions under Section 401(m) of the Code and Section 3.5 of the Savings Plan, and/or (iii) the nondiscrimination requirements applicable
to Tax Deferred Contributions under Section 401(k) of the Code and Section 3.6 of the Savings Plan. 

III.    Excess Contributions  

        (a)    Each
participant in this Plan shall have credited to the participant's account maintained under this Plan an amount equal to the amount by which the Company
Contributions which would otherwise be allocated to the participant under the Savings Plan for the Plan Year are reduced by operation of the limitations imposed by Section 415 of the Code and
Section 3.4 of the Savings Plan. 

 

        (b)    A
Special Participant shall have credited to the Special Participant's account under this Plan an additional amount equal to the amount by which the Company
Contributions which would otherwise be allocated to the Special Participant under the Savings Plan for the Plan Year are, after the application of Article III(a), reduced by operation of the
limitation on compensation imposed by Section 401(a)(17) of the Code and the maximum amount limitation in Section 1.10 of the Savings Plan. 

        (c)    Any
Special Participant who has made the maximum Tax Deferred Contributions under Section 402(g) of the Code or the terms of the Savings Plan (including but not
limited to Sections 2.1(a) and 3.6) shall have credited to the Special Participant's account under this Plan an additional amount equal to the amount by which the Company Contributions which would
otherwise be allocated to the Special Participant under the Savings Plan for the Plan Year are, after the application of Article III(a) and (b), reduced by operation of (i) the
limitation on Tax Deferred Contributions imposed by Section 402(g) of the Code and Section 2.1(a) of the Savings Plan, (ii) the nondiscrimination requirements applicable to
Company Contributions under Section 401(m) of the Code and Section 3.5 of the Savings Plan, and/or (ii) the nondiscrimination requirements applicable to Tax Deferred Contributions
under Section 401(k) of the Code and Section 3.6 of the Savings Plan. 

        (d)    Such
amounts shall be allocated and credited to a participant's or Special Participant's account under this Plan in the same manner and to the same extent as if it were
part of the Company Contributions allocated and credited to the participant's or Special Participant's account under the Savings Plan. Each participant's and Special Participant account under this
Plan shall be credited with earnings and losses in the same manner as if it were invested in accordance with the investment fund option or options applicable to the Company Contributions allocated to
the participant's or Special Participant's account under the Savings Plan. 

        (e)    The
value of a participant's or Special Participant's account under this Plan shall be immediately vested and nonforfeitable and shall be payable in a single lump sum
after the participant's or Special Participant's termination of employment at such time as shall be determined by the Committee (as defined in the Savings Plan), but in no event later than the last
day of the first quarter of the Plan Year following the Plan Year in which the participant or Special Participant terminates employment. A participant or Special Participant may withdraw all or part
of the amount credited to the participant's or Special Participant's account prior to termination of employment; provided, however, that (i) neither a participant nor a Special Participant
shall be permitted to withdraw any such amount prior to the date the participant or Special Participant is credited with five (5) or more years of Continuous Service (as defined in the Savings
Plan), and (ii) upon such withdrawal the participant or Special Participant shall not be eligible to participate in this Plan until the first day of the fifth Plan Year following the date of
such withdrawal. 

        (f)    Each
participant or Special Participant, by written instrument delivered to the Committee, shall have the right to designate, and from time to time change, a beneficiary
to receive the value of his or her account under the Plan in the event of the participant's or Special Participant's death prior to payment thereof under Article III(e). If a participant or
Special Participant fails to designate a beneficiary under this Plan, such participant's or Special Participant's beneficiary shall be determined in accordance with the provisions of the Savings Plan. 

IV.    Miscellaneous  

        (a)    The
Board of Directors of the Company reserves the right, in its sole discretion, to amend this Plan, provided that no amendment shall diminish the rights of any
participant or Special Participant under this Plan with respect to any credits to the participant's or Special Participant's account prior to the date such amendment is adopted by the Board. 

2

 

        (b)    This
Plan may be terminated at any time by the Board of Directors of the Company. If the Company shall terminate the Savings Plan with respect to its employees, any
credits to the participant's or Special Participant's account under this Plan accrued to the date of termination of the Savings Plan, and the value thereof, which are payable to employees of the
Company in accordance with this Plan shall be payable to them in accordance with all of the terms and conditions applicable to such participant's or Special Participant's benefits under the Savings
Plan in the event of its termination. 

        (c)    To
the maximum extent permitted by law, no right to payment or any other interest of a participant or Special Participant under this Plan shall be assignable or subject
to attachment, execution, or levy of any kind. 

        (d)    Nothing
in this Plan shall be construed as giving any employee the right to continued employment. 

        (e)    Notwithstanding
any other provisions of this Plan, if the Committee determines in its sole discretion that the employment of a participant or Special Participant with
the Company has been terminated because of the participant's or Special Participant's commission of any act of fraud or any act of dishonesty, or any criminal act, or that a participant or Special
Participant committed any such act to the detriment of the Company whether the participant's or Special Participant's employment was
terminated on that account or not, then any amounts credited to the participant's or Special Participant's account shall be forfeited and, if already paid, shall be subject to recoupment. 

        (f)    Benefits
payable under this Plan by the Company shall not be funded and shall be made only out of the general funds of the Company. A participant's or Special
Participant's rights to receive benefits under this Plan from the Company shall be no greater than the rights of any unsecured general creditor of the Company. 

        (g)    The
Company shall be entitled to deduct from any amounts being credited under this Plan to a participant's or Special Participant's account under this Plan or from any
other compensation payable by the Company to such participant or Special Participant, all applicable federal, state or local taxes required to be withheld with respect to the amounts being credited.
Any taxes imposed on any distribution from this Plan shall be the sole responsibility of the participant or Special Participant or other person entitled to receive same, and the Company shall be
entitled to deduct from any such distribution any federal, state or local taxes required to be withheld with respect to such distribution. 

        (h)    This
Plan shall be administered by the Savings Plan Committee which shall have all authority, powers and discretion with respect to this Plan as such Committee shall,
from time to time, have with respect to the Savings Plan. 

        (i)    All
records and accounts for this Plan shall be maintained by the Company and shall be conclusive and binding upon the Company and participants and Special Participants
and their beneficiaries under this Plan. 

        (j)    Except
to the extent preempted or superseded by ERISA, the provisions of this Plan shall be construed according to the internal and substantive laws (and not to the
conflict of laws provisions) of the State of New York. 

3

QuickLinks

EXCESS CONTRIBUTION PLAN OF BUNGE MANAGEMENT SERVICES INC. (Effective January 1, 1999)QuickLinks
 -- Click here to rapidly navigate through this document

Exhibit 10.19  

 
 

EXCESS BENEFIT PLAN
  OF
  BUNGE GLOBAL MARKETS, INC.
  (Effective June 1, 2000)    
    

I.    Purpose of Plan

        The
purposes of this Plan are (a) to provide benefits for certain employees of Bunge Global Markets, Inc. (the "Company") participating in the Bunge Management
Services Inc. Pension Plan dated June 1, 2000 (the "Pension Plan"), whose funded benefits under the Pension Plan are or will be limited pursuant to the provisions of Section 415
of the Internal Revenue Code of 1986, as amended (the "Code"); as such, this Plan is intended to be an "excess benefit plan" as that term is defined in Section 3 (36) of the Employee
Retirement Income Security Act of 1974 ("ERISA"); and (b) to provide benefits for certain employees participating in the Pension Plan who are members of a select group of management or highly
compensated employees and whose funded benefits under the Pension Plan are or will be limited by the provisions of Section 401(a)(17) of the Code. 

II.    Participation in the Plan  

        Each participant in the Pension Plan shall be eligible to participate in this Plan whenever the amount of the benefit which would otherwise be payable to such
participant under the Pension Plan, as from time to time in effect, is reduced by operation of the limitations imposed by Section 415 of the Code and Paragraph 4.3 of the Pension Plan.
Each participant in the Pension Plan who is a member of a select group of management or highly compensated employees also shall be eligible to participate in this Plan as a Special Participant
whenever the amount of the benefit which would otherwise be payable to such Special Participant under the Pension Plan, as from time to time in effect, is further reduced by limitations imposed by
Section 401(a)(17) of the Code and the excess amount limitation in Paragraph 2.3 of the Pension Plan. 

III.    Excess Benefit Payable  

        Each participant in the Pension Plan who is eligible under this Plan (and such participant's spouse, if any, in the event of such participant's death prior to the
commencement of benefits under the Pension Plan) shall be paid a supplemental pension benefit equal to the amount by which the benefit which would otherwise be payable to such participant (or such
participant's surviving spouse) under the Pension Plan is reduced by operation of the limitations imposed by Section 415 of the Code and Paragraph 4.3 of the Pension Plan. A Special
Participant (and such Special Participant's spouse, if any, in the event of such Special Participant's death prior to the commencement of benefits under the Pension Plan) shall be paid an additional
benefit equal to the amount by which the benefit which would otherwise be payable to such Special Participant (or such Special Participant's surviving spouse) under the Pension Plan is reduced by
operation of the limitations imposed by Section 401(a)(17) of the Code and the excess amount limitation in Paragraph 2.3 of the Pension Plan. 

        The
Company shall pay such supplemental pension benefit to a participant and such additional benefit to a Special Participant, or to such participant's or Special Participant's surviving
spouse, in a lump sum at or as soon as practicable after the time that benefits under the Pension Plan commence. Such lump sum shall be calculated using the same actuarial assumptions as are used to
determine lump sum payments under the Pension Plan. 

IV.    Miscellaneous  

        This Plan may be terminated or amended at any time by the Board of Directors of the Company, in which event the rights of participants or Special Participants to
their accrued supplemental or additional pension benefits under this Plan, determined as of the date of such amendment or 

 

termination
of this Plan, shall be non-forfeitable. If the Company shall terminate the Pension Plan with respect to its employees, any supplemental or additional pension benefits accrued
to the date of termination of the Pension Plan which are payable to employees of the Company in accordance with this Plan shall be payable to them in accordance with all of the terms and conditions
applicable to such employee's benefits under the Pension Plan in the event of its termination. 

        No
right to payment or any other interest of a participant or Special Participant under this Plan shall be assignable or subject to attachment, execution, or levy of any kind. 

        Nothing
in this Plan shall be construed as giving any employee the right to continued employment. 

        Notwithstanding
any other provisions of the Plan, if the Committee determines in its sole discretion that the employment of a participant or Special Participant with the Company has been
terminated because of the participant's or Special Participant's commission of any act of fraud or any act of dishonesty, or any criminal act, or that a participant or Special Participant committed
any such act to the detriment of the Company whether the participant's or Special Participant's employment was terminated on that account or not, then any amounts credited to the participant's or
Special Participant's account shall be forfeited and, if already paid, shall be subject to recoupment. 

        Benefits
payable under this Plan by the Company shall not be funded and shall be made only out of the general funds of the Company. A participant's or Special Participant's right to
receive benefits under this Plan from the Company shall be no greater than the right of any unsecured general creditor of the Company. 

        The
Company shall be entitled to deduct from any amounts being credited under this Plan to a participant's or Special Participant's account under the Plan or from any other compensation
payable by the Company to such participant or Special Participant, all applicable federal, state or local taxes required to be withheld with respect to the amounts being credited. Any taxes imposed on
any distribution from this Plan shall be the sole responsibility of the participant or Special Participant or other person entitled to receive same, and the Company shall be entitled to deduct from
any such distribution any federal, state or local taxes required to be withheld with respect to such distribution. 

        This
Plan shall be administered by the Pension Plan Committee which shall have all authority, powers and discretion with respect to this Plan as such Committee shall, from time to time,
have with respect to the Pension Plan. 

        All
records and accounts for this Plan shall be maintained by the Company and shall be conclusive and binding upon the Company and participants and Special Participants and their
beneficiaries under this Plan. 

        Except
to the extent pre-empted or superseded by ERISA, this Plan shall be construed, administered and enforced according to the laws of the State of New York. 

2

QuickLinks

EXCESS BENEFIT PLAN OF BUNGE GLOBAL MARKETS, INC. (Effective June 1, 2000)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00069-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00069-of-00352.parquet"}]]