Document:

exv10w1

Exhibit 10.1

FIRST AMENDMENT TO

THE FIFTH AMENDED AND RESTATED

SYSCO CORPORATION

EXECUTIVE DEFERRED COMPENSATION PLAN

     THIS FIRST AMENDMENT TO THE FIFTH AMENDED AND RESTATED SYSCO CORPORATION EXECUTIVE DEFERRED
COMPENSATION PLAN (this “Amendment”).

     WHEREAS, Sysco Corporation (“Sysco”) has adopted that certain Fifth Amended and
Restated Sysco Corporation Executive Deferred Compensation Plan (the “Plan”) pursuant to a
plan document effective generally as of July 2, 2008; and

     WHEREAS, pursuant to Section 9.1 of the Plan, the Board of Directors of Sysco may amend the
Plan at any time by an instrument in writing; and

     WHEREAS, the Board of Directors of Sysco has determined to amend the Plan to (i) consistent
with the transition relief provided under Treasury Notice 2007-86, provide Participants with a
one-time opportunity during calendar year 2008 to elect to receive a distribution of all or a
portion of their vested balances under the Plan during calendar year 2009; (ii) clarify the
definition of when a “separation from service” occurs under
the Plan; and (iii) clarify the procedure for processing In-Service Distributions under the Plan.

     NOW, THEREFORE, the Plan is hereby amended as follows, effective as of July 2, 2008:

     (Capitalized terms used but not otherwise defined herein shall have the meaning given them in the
Plan.)

     1. Article I of the Plan is hereby amended by deleting the definition of “Separation from
Service” and replacing it with the following:

     “Separation from Service. “Separation from Service” means a
“separation from service” within the meaning of Section 409A. For Separations from
Service occurring on or after January 1, 2009, a Participant shall be presumed to
have experienced a “separation from service” as a result of a termination of
employment if the level of bona fide services performed by the Participant for Sysco
or a Subsidiary decreases to a level equal to twenty-five percent (25%) or less of
the average level of services performed by the Participant during the immediately
preceding thirty-six (36) month period, taking into account any periods of
performance excluded by the Treasury Regulations.”

     2. Article IV of the Plan is hereby amended by deleting Section 4.7(a) in its entirety and
replacing it with the following:

     “(a) Crediting of Interest or Deemed Investment Earnings or Losses Prior to
Commencement of Distributions. The Participant’s Account shall continue to be
credited or debited with Investment earnings or losses until (i) with respect to
distribution events other than In-Service Distributions, the later to occur

1

 

of (x) the date of the event giving rise to the distribution; or (y) the
last day of the month preceding the month in which distributions will commence; and
(ii) with respect to an In-Service Distribution, the date that is three (3) weeks
prior to the In-Service Distribution Date with respect to such In-Service
Distribution (the “Conversion Date”), at which time the deemed Investments
of the portion of the Participant’s Account attributable to Deferrals, other than
amounts invested in the Default Investment, shall be treated as sold and credited
with a dollar value in accordance with Section 4.4(c) and invested in the Default
Investment. For the period beginning on the Conversion Date and ending on the day
immediately before the date on which distributions commence, the portion of the
Participant’s Account attributable to Deferrals shall be credited with earnings as
provided in Section 4.5. For purposes of this Section 4.7(a), for the period prior
to the commencement of distributions, the portion of the Participant’s Account
attributable to Company Matches shall be credited with interest as provided in
Section 4.6. As of the close of business on the date immediately prior to the date
distributions are to commence, interest and Investment earnings shall no longer be
credited to a Participant’s Account pursuant to this Section 4.7(a) and interest
shall be credited to the Participant’s Account as provided in Section 4.7(b).”

     3. Article VI of the Plan is hereby amended by adding a new Section 6.13 which shall provide
as follows:

     “Section 6.13 Special One-Time In-Service Distribution of Participant’s
Account. Notwithstanding anything to the contrary contained herein, at such
time as the Committee shall determine, but not later than December 31, 2008, the
Committee may allow a Participant to make an election to receive a lump sum
distribution of all or a portion of such Participant’s (a) Account attributable to
Deferrals; and (b) Company Matches that are 100% vested as of May 15, 2009 (a
“Special Election”); provided such Special Election: (i) must be received by
the Committee on or before December 15, 2008 and shall become irrevocable as of the
date of receipt by the Company; (ii) shall not become effective for six (6) months
after receipt of such Special Election by the Company; and (iii) shall not apply to
any amount that would otherwise be payable during calendar year 2008.
Notwithstanding a Participant’s Special Election pursuant to this Section 6.13, if
the Participant’s Retirement, Disability, death, or Termination, as applicable
occurs prior to the distribution date specified in such Special Election, the
Participant’s Account shall be distributed pursuant to the Plan’s provisions
regarding distributions upon Retirement, Disability, death, Termination or
In-Service Distributions, as applicable. For purposes of determining the amount of
interest or deemed Investment earnings or losses credited to a Participant’s Account
under Section 4.7(a) with respect to distributions pursuant to this Section 6.13,
the Conversion Date shall be May 15, 2009.”

     4. Except as specifically amended hereby, the Plan shall remain in full force and effect as
prior to this Amendment.

2

 

     IN WITNESS WHEREOF, Sysco has caused this First Amendment to be executed this 11th day of
November, 2008, effective as set forth herein.

	 	 	 	 	 	 	 
	 	 	SYSCO CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Michael C. Nichols
 

Michael C. Nichols
	 	 
	 

	 	Title:
	 	Sr. Vice President, General Counsel and Secretary	 	 

	 	 	 	 	 
	ATTEST:	 	 
	 
	 	 	 	 
	By: 

Name:

	 	/s/ Thomas P. Kurz
 

Thomas P. Kurz
	 	 
	Title:

	 	Vice President, Deputy General	 	 
	 

	 	Counsel and Assistant Secretary	 	 

3exv10w2

Exhibit 10.2

Execution Verson

EIGHTH AMENDED AND RESTATED

SYSCO CORPORATION

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

Effective June 28, 2008

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	ARTICLE I DEFINITIONS
	 	 	2	 
	 
	 	 	 	 
	ARTICLE II ELIGIBILITY & CONTINUED PARTICIPATION
	 	 	8	 
	 
	 	 	 	 
	2.1 Initial Eligibility
	 	 	8	 
	2.2 Frozen Participation
	 	 	8	 
	2.3 Benefits upon Re-Employment
	 	 	8	 
	2.4 Participation in this Plan and the Program
	 	 	8	 
	2.5 No Transfers from this Plan to the Program
	 	 	8	 
	 
	 	 	 	 
	ARTICLE III VESTING
	 	 	9	 
	 
	 	 	 	 
	3.1 Vesting
	 	 	9	 
	3.2 Vesting upon a Change of Control
	 	 	9	 
	3.3 Compensation Committee Discretion
	 	 	9	 
	 
	 	 	 	 
	ARTICLE IV VESTED ACCRUED BENEFIT & RETIREMENT BENEFIT
	 	 	10	 
	 
	 	 	 	 
	4.1 Definitions
	 	 	10	 
	4.2 Minimum Vested Accrued Benefit as of June 28, 2008
	 	 	14	 
	4.3 Vested Accrued Benefit after June 28, 2008
	 	 	14	 
	4.4 Retirement Benefit
	 	 	15	 
	4.5 Benefit Commencement Date
	 	 	15	 
	4.6 Form of Payment
	 	 	16	 
	4.7 Temporary Supplement
	 	 	16	 
	4.8 Administrative Delay
	 	 	16	 
	4.9 Delay of Payments under Section 409A of the Code
	 	 	16	 
	 
	 	 	 	 
	ARTICLE V FROZEN PARTICIPATION & DISABILITY
	 	 	17	 
	 
	 	 	 	 
	5.1 In General
	 	 	17	 
	5.2 Participation Frozen on or after June 28, 2008
	 	 	17	 
	5.3 Frozen Participation Deemed Active Participation
	 	 	17	 
	5.4 Participation Frozen before June 28, 2008
	 	 	17	 
	5.5 Disability before December 16, 2008
	 	 	17	 
	 
	 	 	 	 
	ARTICLE VI DEATH BENEFIT
	 	 	18	 
	 
	 	 	 	 
	6.1 Definitions
	 	 	18	 
	6.2 Death of Active Participant prior to Age 55
	 	 	18	 
	6.3 Death of Active Participant after Age 55
	 	 	19	 
	6.4 Death after a Change of Control that Occurs while an Active Participant
	 	 	20	 
	6.5 Death of Frozen Participant
	 	 	20	 
	6.6 Death of Vested Separated Participant
	 	 	21	 
	6.7 Death of Retired Participant before or after Commencement of Benefits
	 	 	21	 

-i-

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	6.8 Administrative Delay
	 	 	22	 
	6.9 Beneficiary Designation for Ten (10) Year Certain Period
	 	 	22	 
	 
	 	 	 	 
	ARTICLE VII PROVISIONS RELATING TO ALL BENEFITS
	 	 	24	 
	 
	 	 	 	 
	7.1 Effect of this Article
	 	 	24	 
	7.2 Termination of Employment
	 	 	24	 
	7.3 Forfeiture for Cause
	 	 	24	 
	7.4 Forfeiture for Competition
	 	 	25	 
	7.5 Restrictions on any Portion of Total Payments Determined to be Excess Parachute Payments
	 	 	26	 
	7.6 Claims Procedure
	 	 	26	 
	 
	 	 	 	 
	ARTICLE VIII ADMINISTRATION
	 	 	28	 
	 
	 	 	 	 
	8.1 Committee Appointment
	 	 	28	 
	8.2 Committee Organization and Voting
	 	 	28	 
	8.3 Powers of the Committee
	 	 	28	 
	8.4 Committee Discretion
	 	 	28	 
	8.5 Reimbursement of Expenses
	 	 	28	 
	8.6 Indemnification
	 	 	28	 
	 
	 	 	 	 
	ARTICLE IX ADOPTION BY SUBSIDIARIES
	 	 	29	 
	 
	 	 	 	 
	9.1 Procedure for and Status after Adoption
	 	 	29	 
	9.2 Termination of Participation by Adopting Subsidiary
	 	 	29	 
	 
	 	 	 	 
	ARTICLE X AMENDMENT AND/OR TERMINATION
	 	 	30	 
	 
	 	 	 	 
	10.1 Amendment or Termination of the Plan
	 	 	30	 
	10.2 No Retroactive Effect on Awarded Benefits
	 	 	30	 
	10.3 Effect of Termination
	 	 	30	 
	 
	 	 	 	 
	ARTICLE XI FUNDING
	 	 	32	 
	 
	 	 	 	 
	11.1 Payments under This Plan are the Obligation of the Company
	 	 	32	 
	11.2 Plan May Be Funded through Life Insurance Owned by the Company or a Rabbi Trust
	 	 	32	 
	11.3 Reversion of Excess Assets
	 	 	32	 
	11.4 Participants Must Rely Only on General Credit of the Company
	 	 	32	 
	11.5 Funding of Benefits for Participants Subject to Canadian Income Tax Laws is Prohibited
	 	 	32	 
	 
	 	 	 	 
	ARTICLE XII MISCELLANEOUS
	 	 	33	 
	 
	 	 	 	 
	12.1 Responsibility for Distributions and Withholding of Taxes
	 	 	33	 
	12.2 Limitation of Rights
	 	 	33	 
	12.3 Benefits Dependent upon Compliance with Certain Covenants
	 	 	33	 
	12.4 Distributions to Incompetents or Minors
	 	 	33	 

-ii-

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	
	 	 	 	 
	12.5 Nonalienation of Benefits
	 	 	33	 
	12.6 Reliance upon Information
	 	 	34	 
	12.7 Amendment Applicable to Active Participants Only Unless it Provides Otherwise
	 	 	34	 
	12.8 Severability
	 	 	34	 
	12.9 Notice
	 	 	34	 
	12.10 Gender and Number
	 	 	34	 
	12.11 Governing Law
	 	 	34	 
	12.12 Effective Date
	 	 	34	 
	12.13 Compliance with Section 409A
	 	 	34	 

-iii-

 

EIGHTH AMENDED AND RESTATED

SYSCO CORPORATION

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

          WHEREAS, Sysco Corporation (“Sysco”) established the Sysco Corporation Supplemental
Executive Retirement Plan (the “SERP”), originally effective July 3, 1988, to provide
certain highly compensated management personnel a supplement to their retirement pay so as to
retain their loyalty and to offer them a further incentive to maintain and increase their standard
of performance;

          WHEREAS, Sysco’s Board of Directors (the “Board of Directors”) amended and restated
the SERP pursuant to that certain Seventh Amended and Restated Sysco Corporation Supplemental
Executive Retirement Plan (the “Current Plan”), effective as of June 28, 2008, which, among
other things provided that after June 28, 2008, the category of future MIP participants who are
eligible to participate in the SERP was limited in contemplation of providing such new MIP
participants with a new non-qualified deferred compensation program;

          WHEREAS, pursuant to Section 10.1 of the Current Plan, the Board of Directors, the Committee
or their designees may amend the Current Plan by an instrument in writing; and

          WHEREAS, the Board of Directors has determined that it is in the best interests of Sysco and
its stockholders to further amend and restate the Current Plan effective June 28, 2008, by: (i)
modifying the group of MIP participants eligible to participate in the SERP; (ii) adding an
Appendix I to the Current Plan, entitled the Sysco Corporation MIP Retirement Program, which is the
new non-qualified deferred compensation program for those individuals who first become MIP
participants after June 28, 2008 but who are not otherwise eligible to participate in the SERP;
(iii) clarifying the order in which the parachute payment cutback provision applies to the SERP,
the Program (as defined herein) and the EDCP (as defined herein) in the event of a change of
control of Sysco; (iv) removing the provisions relating to the termination of employment of a
participant as a result of disability; (v) making such amendments as are necessary for compliance
with Section 409A (as defined herein); and (vi) making certain other changes and clarifications to
the Current Plan.

          NOW, THEREFORE, Sysco hereby adopts the Eighth Amended and Restated Sysco Corporation
Supplemental Executive Retirement Plan, effective as of June 28, 2008, as follows:

 

 

ARTICLE I

DEFINITIONS

     1.1 401(k) Plan. “401(k) Plan” means the Sysco Corporation Employees 401(k) Plan, a
defined contribution plan qualified under Section 401(a) of the Code any U.S. tax-qualified defined
contribution plan successor thereto and any other such plan sponsored by Sysco or a Subsidiary.

     1.2 Active Participant. “Active Participant” means a Participant in the employ of the
Company who is not a Frozen Participant.

     1.3 Actuarial Equivalence or Actuarially Equivalent. “Actuarial Equivalence” shall be
determined on the basis of the mortality and interest rate assumptions used in computing annuity
benefits under the Pension Plan. If there is no Pension Plan in effect at the time any such
determination is made, the actuarial assumptions to be used shall be selected by an actuarial firm
chosen by the Committee. Such actuarial firm shall select such actuarial assumptions as would be
appropriate for the Pension Plan if the Pension Plan remained in existence with its last
participant census. “Actuarially Equivalent” means equality in value of the aggregate amounts
expected to be received under different forms of payment based on the mortality and interest rate
assumptions specified for purposes of Actuarial Equivalence.

     1.4 Affiliate. “Affiliate” means any entity with respect to which Sysco beneficially
owns, directly or indirectly, at least 50% of the total voting power of the interests of such
entity and at least 50% of the total value of the interests of such entity.

     1.5 Annuity. “Annuity” means a monthly annuity for the life of the Participant with a
ten (10) year certain period. Except as provided in Section 4.6, a Participant’s Vested Accrued
Benefit and Retirement Benefit are expressed in the form of an Annuity.

     1.6 Beneficiary. “Beneficiary” means a person or entity designated by the Participant
under the terms of this Plan to receive any amounts distributed under the Plan upon the death of
the Participant.

     1.7 Benefit Commencement Date. “Benefit Commencement Date” means the first date the
Participant’s benefits are payable under Section 4.5, without regard to any delay under either
Section 4.8 or 4.9.

     1.8 Benefit Limit. “Benefit Limit” shall have the meaning set forth in Section 4.1(l).

     1.9 Benefit Service. “Benefit Service” shall have the meaning set forth in Section 4.1(d).

     1.10 Board of Directors. “Board of Directors” means the Board of Directors of Sysco.

     1.11 Canada/Quebec Pension Plan Offset. “Canada/Quebec Pension Plan Offset” shall
have the meaning set forth in Section 4.1(j).

2

 

     1.12 Change of Control. “Change of Control” means the occurrence of one or more of
the following events:

          (a) The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3)
or 14(d)(2) of the Securities Act (a “Person”) of beneficial ownership (within the meaning
of Rule 13d-3 promulgated under the Securities Act) of 20% or more of either (i) the
then-outstanding shares of Sysco common stock (the “Outstanding Sysco Common Stock”) or
(ii) the combined voting power of the then-outstanding voting securities of Sysco entitled to vote
generally in the election of directors (the “Outstanding Sysco Voting Securities”);
provided, however, that the following acquisitions shall not constitute a Change of Control: (1)
any acquisition directly from Sysco, (2) any acquisition by Sysco, (3) any acquisition by any
employee benefit plan (or related trust) sponsored or maintained by Sysco or any Affiliate, or (4)
any acquisition by any corporation; pursuant to a transaction that complies with Sections (c)(i),
(c)(ii) and (c)(iii), below;

          (b) Individuals who, as of July 1, 2008, constitute the Board of Directors (the “Incumbent
Board”) cease for any reason to constitute at least a majority of the Board of Directors;
provided, however, that any individual becoming a director subsequent to July 1, 2008 whose
election, or nomination for election by Sysco’s stockholders, was approved by a vote of at least a
majority of the directors then comprising the Incumbent Board shall be considered as though such
individual were a member of the Incumbent Board, but excluding, for this purpose, any such
individual whose initial assumption of office occurs as a result of an actual or threatened
election contest with respect to the election or removal of directors or other actual or threatened
solicitation of proxies or consents by or on behalf of a Person other than the Board of Directors;

          (c) Consummation of a reorganization, merger, statutory share exchange or consolidation or
similar corporate transaction involving Sysco or any of its Affiliates, a sale or other disposition
of all or substantially all of the assets of Sysco, or the acquisition of assets or stock of
another entity by Sysco or any of its Affiliates (each, a “Business Combination”), in each
case unless, following such Business Combination, (i) all or substantially all of the individuals
and entities that were the beneficial owners of the Outstanding Sysco Common Stock and the
Outstanding Sysco Voting Securities immediately prior to such Business Combination beneficially
own, directly or indirectly, more than 60% of the then-outstanding shares of common stock and the
combined voting power of the then-outstanding voting securities entitled to vote generally in the
election of directors, as the case may be, of the corporation resulting from such Business
Combination (including, without limitation, a corporation that, as a result of such transaction,
owns Sysco or all or substantially all of Sysco’s assets either directly or through one or more
subsidiaries) in substantially the same proportions as their ownership immediately prior to such
Business Combination of the Outstanding Sysco Common Stock and the Outstanding Sysco Voting
Securities, as the case may be, (ii) no Person (excluding any corporation resulting from such
Business Combination or any employee benefit plan (or related trust) of Sysco or such corporation
resulting from such Business Combination) beneficially owns, directly or indirectly, 20% or more
of, respectively, the then-outstanding shares of common stock of the corporation resulting from
such Business Combination or the combined voting power of the then-outstanding voting securities of
such corporation, except to the extent that such ownership existed prior to the Business
Combination,

3

 

and (iii) at least a majority of the members of the board of directors of the corporation
resulting from such Business Combination were members of the Incumbent Board at the time of the
execution of the initial agreement or of the action of the Board of Directors providing for such
Business Combination; or

          (d) Approval by the stockholders of Sysco of a complete liquidation or dissolution of Sysco.

     1.13 Change of Control Period. “Change of Control Period” shall have the meaning set
forth in Section 7.3(d).

     1.14 Code. “Code” means the Internal Revenue Code of 1986, as amended.

     1.15 Committee. “Committee” means the committee administering this Plan (including
the Program).

     1.16 Company. “Company” means Sysco and any Subsidiary other than a Non-Participating
Subsidiary.

     1.17 Current Plan. “Current Plan” shall have the meaning set forth in the Recitals.

     1.18 Death Benefit Eligible Earnings. “Death Benefit Eligible Earnings” shall have the
meaning set forth in Section 6.2(a)(ii).

     1.19 Defined Benefit Offset. “Defined Benefit Offset” shall have the meaning set
forth in Section 4.1(g).

     1.20 Defined Contribution Offset. “Defined Contribution Offset” shall have the
meaning set forth in Section 4.1(h).

     1.21 Determination Date. “Determination Date” means the date as of which a
Participant’s Vested Accrued Benefit is calculated. The Determination Date for determining a
Participant’s Retirement Benefit under Article IV shall be the date of the Participant’s Retirement
or Vested Separation.

     1.22 Early Payment Criteria. “Early Payment Criteria” shall have the meaning set
forth in Section 4.5(b).

     1.23 EDCP. “EDCP” means the Sysco Corporation Executive Deferred Compensation Plan,
as it may be amended from time to time, and any successor plan thereto.

     1.24 Eligible Earnings. “Eligible Earnings” shall have the meaning set forth in
Section 4.1(a).

     1.25 ERISA. “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended.

     1.26 For Cause Event. “For Cause Event” shall have the meaning set forth in Section
7.3.

     1.27 Frozen Participant. “Frozen Participant” shall have the meaning set forth in
Section 2.2.

4

 

     1.28 High-Five Average Compensation as of June 28, 2008. “High-Five Average
Compensation as of June 28, 2008” shall have the meaning set forth in Section 4.1(c).

     1.29 Joint and Survivor Annuity. “Joint and Survivor Annuity” means a joint and
two-thirds survivor monthly annuity with a ten (10) year certain period that is the Actuarial
Equivalent of an Annuity. This annuity is payable during the joint lives of the Participant and
his spouse, and a monthly annuity shall continue for the life of the survivor in an amount equal to
two-thirds of the monthly amount provided during their joint lives. Notwithstanding the above,
during the ten (10) year certain period, there shall be no reduction in the amount of such payment
regardless of the death of either or both the Participant and his spouse.

     1.30 Minimum Vested Accrued Benefit. “Minimum Vested Accrued Benefit” shall have the
meaning set forth in Section 10.2.

     1.31 Management Incentive Plan or MIP. “Management Incentive Plan” or “MIP” means the
Sysco Corporation 1995 Management Incentive Plan, the Sysco Corporation 2000 Management Incentive
Plan and the Sysco Corporation 2005 Management Incentive Plan, as each may be amended, and any
successor plans.

     1.32 MIP Participation. “MIP Participation” refers to an individual’s periods of
participation in the MIP. Non-continuous periods of MIP Participation (e.g., as a result of a
termination and subsequent reemployment) shall be added together. A Participant’s years of MIP
Participation shall mean the number of full years of such eligible periods of participation
determined on an elapsed time basis.

     1.33 Non-Participating Subsidiary. “Non-Participating Subsidiary” means a Subsidiary
that has not adopted this Plan pursuant to Article IX.

     1.34 Officer Ranking. “Officer Ranking” shall have the meaning set forth in Section
2.1(b).

     1.35 Offset Amount. “Offset Amount” shall have the meaning set forth in Section
4.1(f).

     1.36 Participant. “Participant” means an employee of a Company who is eligible for
and is participating in this Plan, and any other current or former employee of Sysco and its
Subsidiaries who is entitled to a benefit under this Plan. Unless otherwise specified herein,
references to a Participant or Participants shall include both Active Participants and Frozen
Participants.

     1.37 Pension Plan. “Pension Plan” means the Sysco Corporation Retirement Plan, a
defined benefit plan qualified under Section 401(a) of the Code, as amended from time to time and
any U.S. tax-qualified defined benefit pension plan successor thereto.

     1.38 Plan. “Plan” means the Eighth Amended and Restated Sysco Corporation
Supplemental Executive Retirement Plan, as it may be amended from time to time. Unless otherwise
specified herein, references to “the Plan” or “this Plan” herein shall refer to the Supplemental
Executive Retirement Plan only and not the Program.

5

 

     1.39 Plan Year. “Plan Year” means the period that coincides with the fiscal year of
Sysco. Sysco has a 52/53 week fiscal year beginning on the Sunday next following the Saturday
closest to June 30th of each calendar year.

     1.40 Program. “Program” means the Sysco Corporation MIP Retirement Program the
non-qualified deferred compensation plan that is set forth in Appendix I to this Plan, and which
covers individuals who first become MIP participants after June 28, 2008, but who do not satisfy
the eligibility requirements for participation in this Plan, as set forth in Section 2.1. The
Committee in its sole discretion may exclude any MIP participant from participation in the Program.

     1.41 Protected Benefit and Protected Participant. A “Protected Benefit”, as
determined under Sections 4.2(b) and 4.3(b), is a benefit which is only applicable to a Protected
Participant. A “Protected Participant” is an individual who, as of July 3, 2005, was an Active
Participant who was (a) at least age sixty (60) or (b) at least age fifty-five (55) and had at
least ten (10) years of MIP Participation.

     1.42 Retired Participant. “Retired Participant” shall have the meaning set forth in
Section 6.1(c).

     1.43 Retirement. “Retirement” means the Participant’s Separation from Service from
Sysco or its Subsidiaries other than for death, provided that at the time of such Separation from
Service, the Participant is at least age fifty-five (55) and has a Vested Accrued Benefit.

     1.44 Retirement Benefit. “Retirement Benefit” means the benefit paid to a Participant
at the time and in the amount set forth in Article IV as a result of a Participant’s Retirement or
Vested Separation.

     1.45 Section 409A. “Section 409A” means Section 409A of the Code and any other
guidance promulgated thereunder.

     1.46 Securities Act. “Securities Act” means the Securities Exchange Act of 1934, as
amended from time to time.

     1.47 Separation from Service. “Separation from Service” means “separation from
service” within the meaning of Section 409A. For Separations from Service occurring on or after
January 1, 2009, a Participant shall have experienced a “separation from service” for purposes of
Section 409A as a result of a termination of employment if the level of bona fide services
performed by the Participant for Sysco or a Subsidiary decreases to a level equal to twenty-five
percent (25%) or less of the average level of service performed by the Participant for the
immediately preceding thirty-six (36) month period, taking into account any periods of performance
excluded under Section 409A.

     1.48 Service Factor. “Service Factor” shall have the meaning set forth in Section
4.1(e).

     1.49 Social Security Offset. “Social Security Offset” shall have the meaning set
forth in Section 4.1(i).

6

 

     1.50 Specified Employee. “Specified Employee” means a “specified employee” as defined
in Section 409A (a)(2)(B)(i) of the Code. By way of clarification, a “specified employee” means a
“key employee” (as defined in Section 416(i) of the Code, disregarding Section 416(i)(5) of the
Code) of the Company. A Participant shall be treated as a key employee if he meets the
requirements of Section 416(i)(1)(A)(i), (ii), or (iii) (applied in accordance with the Treasury
Regulations thereunder and disregarding Section 416(i)(5) of the Code) at any time during the
twelve (12) month period ending on an Identification Date (as defined below). If a Participant is
a key employee as of an Identification Date, he shall be treated as a Specified Employee for the
twelve (12) month period beginning on the first day of the fourth month following such
Identification Date. For purposes of any Specified Employee determination hereunder, the
“Identification Date” shall mean December 31. The Committee may in its discretion amend the Plan
to change the Identification Date, provided that any change to the Plan’s Identification Date shall
not take effect for at least twelve (12) months after the date of the Plan amendment authorizing
such change.

     1.51 Subsidiary. “Subsidiary” means (a) any corporation which is a member of a
“controlled group of corporations” which includes Sysco, as defined in Section 414(b) of the Code,
(b) any trade or business under “common control” with Sysco, as defined in Section 414(c) of the
Code, (c) any organization which is a member of an “affiliated service group” which includes Sysco,
as defined in Section 414(m) of the Code, (d) any other entity required to be aggregated with Sysco
pursuant to Section 414(o) of the Code, and (e) any other organization or employment location
designated as a “Subsidiary” by resolution of the Board of Directors.

     1.52 Sysco. “Sysco” means Sysco Corporation, the sponsor of this Plan (including the
Program).

     1.53 Ten-Year Final Average Compensation. “Ten-Year Final Average Compensation” shall
have the meaning set forth in Section 4.1(b).

     1.54 Total Payments. “Total Payments” means all payments or benefits received or to
be received by a Participant in connection with a “change of control” (within the meaning of
Section 280G of the Code) of Sysco under the terms of this Plan, the Program or the EDCP, and in
connection with a change of control of Sysco under the terms of any stock option plan or any other
plan, arrangement or agreement with the Company, its successors, any person whose actions result in
a change of control or any person affiliated with the Company or who as a result of the completion
of transactions causing a change of control become affiliated with the Company within the meaning
of Section 1504 of the Code, taken collectively.

     1.55 Vested Accrued Benefit. “Vested Accrued Benefit” shall have the meaning set
forth in Article IV.

     1.56 Vested Percentage. “Vested Percentage” shall have the meaning set forth in
Article III.

     1.57 Vested Separated Participant. “Vested Separated Participant” shall have the
meaning set forth in Section 6.1(a).

     1.58 Vested Separation. “Vested Separation” means the Participant’s Separation from
Service from Sysco or its Subsidiaries, other than upon Retirement or death, if, at the time of the
Separation from Service the Participant has a Vested Accrued Benefit.

     1.59 Vesting Service. “Vesting Service” means service with Sysco and its Subsidiaries
for which the Participant or Frozen Participant is awarded “credited service” under the Pension
Plan for vesting purposes or would have been awarded credited service under the Pension Plan for
vesting purposes if the Participant were covered under the Pension Plan; provided however, any
service before the later of the first date of hire by the Company or the date of acquisition by
Sysco or a Subsidiary for which the Participant then worked shall not be included in calculating
the Participant’s Vesting Service.

7

 

ARTICLE II

ELIGIBILITY & CONTINUED PARTICIPATION

     2.1 Initial Eligibility. Unless otherwise determined by the Committee in its sole
discretion, eligibility to participate in the Plan shall be determined as follows:

          (a) A Company employee who was a Participant in the Plan on or before June 28, 2008 is
eligible.

          (b) A Company employee who first becomes a MIP participant after June 28, 2008 and holds an
“Officer Ranking” (as described below) shall be eligible to participate in the Plan, but only if
the Committee affirmatively selects such individual as eligible for the Plan. A person has an
Officer Ranking if he holds one of the following positions: (i) with respect to Sysco, Chief
Executive Officer, President, Chief Operating Officer, Chief Financial Officer, Executive Vice
President or Senior Vice President (including Senior Vice Presidents of Operations) or an officer
of equivalent or higher rank who is selected by the Board of Directors; or (ii) the Chief Executive
Officer of one or more Subsidiaries.

     2.2 Frozen Participation. An Active Participant shall have his participation frozen
(a “Frozen Participant”) as of the earliest of the date he (a) ceases to be a MIP
participant, (b) with respect to a Participant who is eligible to participate by reason of Section
2.1(b), unless otherwise determined by the Committee, such Participant ceases to hold an Officer
Ranking, or (c) transfers from the Company to a Non-Participating Subsidiary. Article V sets forth
special rules that apply to Frozen Participants.

     2.3 Benefits upon Re-Employment. If a Participant who, as a result of a Separation
from Service, is receiving distributions of his Retirement Benefit is subsequently re-employed by
Sysco or a Subsidiary, the payment of the Participant’s Retirement Benefit shall continue unchanged
during his period of re-employment. The re-employed Participant’s status shall remain that of a
Retired Participant for all purposes of this Plan and such Participant shall accrue no additional
benefits following re-employment.

     2.4 Participation in this Plan and the Program. An employee participating in the
Program who becomes a Participant in this Plan shall accrue benefits under this Plan and shall
continue to accrue benefits under the Program, subject to the terms and conditions of each.

     2.5 No Transfers from this Plan to the Program. An employee participating in this
Plan or who has participated in this Plan and who is not nor has not otherwise participated in the
Program shall not be eligible to participate in the Program.

8

 

ARTICLE III

VESTING

     3.1 Vesting. A Participant’s Vested Percentage for purposes of calculating such
Participant’s Vested Accrued Benefit under Article IV shall be determined in accordance with this
Article III. For purposes of determining the Participant’s Vested Percentage, the Participant’s
age, Vesting Service and MIP Participation are determined as of a Determination Date. The Vested
Percentage shall be the greatest of the percentages determined under Sections 3.1(a), (b) and (c),
except the schedule under Section 3.1(b) shall not apply for purposes of determining a
Protected Participant’s Vested Percentage in his Protected Benefit.

          (a) If the Participant has at least ten (10) years of Vesting Service, his Vested Percentage
under this Section 3.1(a) shall be determined as follows:

	 	 	 	 	 
	Participant with at least	 	 
	ten (10) years of Vesting	 	Vested
	Service whose age is	 	Percentage
	Less than 60
	 	 	0	%
	60 but less than 61
	 	 	50	%
	61 but less than 62
	 	 	60	%
	62 but less than 63
	 	 	70	%
	63 but less than 64
	 	 	80	%
	64 but less than 65
	 	 	90	%
	65 or more
	 	 	100	%

          (b) If the Participant (i) is at least age fifty-five (55) and (ii) has at least fifteen (15)
years of MIP Participation, his Vested Percentage under this Section 3.1(b) (“Rule of 80”)
shall be determined as follows:

	 	 	 	 	 
	Sum of Participant's full	 	 
	years of age plus full	 	Vested
	years of MIP Participation	 	Percentage
	Less than 70
	 	 	0	%
	70
	 	 	50	%
	71
	 	 	55	%
	72
	 	 	60	%
	73
	 	 	65	%
	74
	 	 	70	%
	75
	 	 	75	%
	76
	 	 	80	%
	77
	 	 	85	%
	78
	 	 	90	%
	79
	 	 	95	%
	80 or more
	 	 	100	%

          (c) If the Participant is (i) at least age sixty-two (62), (ii) has completed at least
twenty-five (25) years of Vesting Service and (iii) has at least fifteen (15) years of MIP
Participation, he shall have a Vested Percentage of 100%.

     3.2 Vesting upon a Change of Control. Notwithstanding Section 3.1 above and subject
to Section 7.5, a Participant’s Vested Percentage shall be 100% upon a Change of Control.

     3.3 Committee Discretion. Notwithstanding anything in this Article III to the
contrary, the Committee, in its sole discretion, may increase a Participant’s Vested Percentage
under Section 3.1 to any percentage not to exceed 100%.

9

 

ARTICLE IV

VESTED ACCRUED BENEFIT & RETIREMENT BENEFIT

     4.1 Definitions. The following definitions are used in this Article IV:

          (a) Eligible Earnings. “Eligible Earnings” means, for a given Plan Year, the sum of
the Participant’s: (i) salary, including salary deferred under the EDCP, and (ii) to the extent
described in the table below: (A) all or a portion of the bonus earned under the MIP (“MIP
Bonus”) and (B) the bonus earned under the Sysco Corporation 2006 Supplemental Performance
Based Bonus Plan (“Supplemental Performance Bonus”), even if the amounts described above
were earned before the individual became a Participant.

	 	 	 	 	 	 	 
	 	 	Treatment of Bonuses for Purposes of Eligible Earnings
	 	 	 	 	 	 	Supplemental
	Plan Year	 	MIP Bonus (including any MIP Bonus deferred under the EDCP)	 	Performance
	(PY)	 	Benefits other than Protected Benefits	 	Protected Benefits	 	Bonus
	 
	2009 PY and PYs thereafter

	 	Included, except for MIP Additional
Bonuses, but capped at 150% of base
salary rate as of the last day of the
Plan Year
	 	Included, except for MIP
Additional Bonuses, but
capped at 150% of base salary
rate as of the last day of
the Plan Year
	 	Excluded
	 
	 	 	 	 	 	 
	2008 PY

	 	Included, except for MIP Additional
Shares and MIP Additional Bonuses
	 	Included, except for MIP

Additional Bonuses
	 	Excluded
	 
	 	 	 	 	 	 
	2007 PY

	 	Included, except for MIP Additional

Shares
	 	Included in full
	 	Included, except for
calculation of Protected
Benefit
	 
	 	 	 	 	 	 
	2006 PY

	 	Included, except for MIP Additional
Shares and MIP Additional Cash
Bonuses
	 	Included in full
	 	Excluded
	 
	 	 	 	 	 	 
	2005 PY and prior PYs

	 	Included in full
	 	Included in full
	 	Excluded
	 
	 	 	 	 	 	 

			
	NOTE:	 	The terms “MIP Additional Bonus”, “MIP Additional Shares” and “MIP Additional Cash Bonus” shall have the meanings given to them in
the MIP.

No bonus other than those specified in the above table is included in Eligible Earnings.

Eligible Earnings shall not include a Participant’s compensation from a company before the date
such company was acquired by Sysco or a Subsidiary.

Solely for purposes of determining the salary component of Eligible Earnings used in the
determination of
Ten-Year Final Average Compensation defined in (b) below, “salary” shall mean the annual rate of
the Participant’s base salary as of his last day of employment during the applicable Plan Year.

10

 

          (b) Ten-Year Final Average Compensation. “Ten-Year Final Average Compensation” means
the monthly average of the Participant’s Eligible Earnings for the ten (10) Plan Years (excluding
those Plan Years in which the Participant does not have any Eligible Earnings) ending immediately
before or coincident with the Calculation Date (as defined below). If the Participant does not
have ten (10) Plan Years of Eligible Earnings, the Participant’s Ten-Year Final Average
Compensation shall be based on the monthly average of Eligible Earnings for the available Plan
Years ending immediately before or coincident with the Calculation Date. The Plan Year in which
the Participant was originally hired shall be disregarded if he was hired after the first business
day of such Plan Year. Similarly, the Plan Year in which the Calculation Date occurs shall be
disregarded if the Calculation Date occurs before the last business day of such Plan Year. For
purposes of determining a Participant’s Ten Year Final Average Compensation, “Calculation
Date” means the date on which the earlier of the following events occurs:

               (i) the Participant becomes a Frozen Participant,

               (ii) a Change of Control occurs, unless the employee remains an employee of the Company and a
Participant for the Plan Year in which the Change of Control occurs and the next succeeding three
(3) Plan Years; or

               (iii) the earliest to occur of an Active Participant’s death, Retirement or Vested Separation.

          (c) High-Five Average Compensation as of June 28, 2008. “High-Five Average
Compensation as of June 28, 2008” means the monthly average of the Participant’s Eligible Earnings
for the five (5) full Plan Years (which need not be successive) that yield the highest monthly
average of Eligible Earnings out of the ten (10) full Plan Years ending June 28, 2008. If the
Participant does not have five (5) full Plan Years of Eligible Earnings, the Participant’s
High-Five Average Compensation as of June 28, 2008 shall be based on the monthly average of
Eligible Earnings for the available full Plan Years ending June 28, 2008.

          (d) Benefit Service. “Benefit Service” means service with Sysco and its Subsidiaries
for which the Participant is awarded “credited service” under the Pension Plan for vesting purposes
or would have been awarded “credited service” under the Pension Plan for vesting purposes if the
Participant was covered under the Pension Plan; provided, however, the Compensation Committee of
the Board of Directors may, in its sole discretion, award a Participant additional Benefit Service.
Except as provided in Section 5.5, a Frozen Participant’s service after the date his participation
was frozen under Section 2.2 shall not count as Benefit Service.

          (e) Service Factor. “Service Factor” means a fraction equal to the Participant’s full
years of Benefit Service as of any given Determination Date (not to exceed twenty (20) years)
divided by twenty (20).

          (f) Offset Amount. “Offset Amount” means, as of any given Determination Date, the sum
of a Participant’s Defined Benefit Offset, Defined Contribution Offset, Social Security Offset and
the Canada/Quebec Pension Plan Offset.

11

 

          (g) Defined Benefit Offset. “Defined Benefit Offset” refers to the offset of the
Participant’s vested accrued benefit under the (x) Program, and to the extent determined by the
Committee in its sole discretion, such other non-qualified defined benefit plan sponsored by Sysco
or a Subsidiary (or any company for which the Participant worked that was acquired by Sysco or a
Subsidiary); and (y) the Pension Plan, and each other U.S. tax-qualified defined benefit plan, or
Canadian registered pension plan sponsored by Sysco or a Subsidiary (or any company for which the
Participant worked that was acquired by Sysco or a Subsidiary), each as of the Determination Date
and determined as follows:

               (i) Such a vested accrued benefit shall only reflect the benefit derived from employer
contributions.

               (ii) Each such vested accrued benefit will be adjusted in accordance with provisions of the
applicable plan to reflect an assumed benefit commencement date of the later of (A) the Benefit
Commencement Date or (B) the date a retirement benefit is first payable to the Participant under
the applicable plan without regard to the actual election made by the Participant under such plan.
The resulting amount shall be converted to an Actuarially Equivalent Annuity as of the assumed
benefit commencement date.

               (iii) Such benefits shall include prior distributions (subject to the limitation in item (i)
and including but not limited to an in-service withdrawal or a qualified domestic relations order
distribution), increased with interest. If the prior distribution was a lump-sum payment, interest
will be credited from the date of the lump-sum payment. If the prior distribution consists or
consisted of periodic payments, the Actuarially Equivalent single-sum value of the stream of
payments will be determined as of the date of the first periodic payment and increased with
interest from such date. Interest on the lump-sum payment or single-sum value of periodic payments
will be credited to the assumed benefit commencement date described in (ii) above using the
interest rate used for determining Actuarial Equivalence. The resulting amount will be converted
to an Actuarial Equivalent Annuity as described in (ii) above.

          (h) Defined Contribution Offset. “Defined Contribution Offset” refers to the offset
of an Annuity that could be provided by the Participant’s vested account balance under the (x)
401(k) Plan, and each other U.S. tax-qualified defined contribution plan or each Canadian
tax-registered capital accumulation plan, sponsored by Sysco or a Subsidiary (or any company for
which the Participant worked that was acquired by Sysco or a Subsidiary); and (y) to the extent
determined by the Committee in its sole discretion, any non-qualified defined contribution plan
sponsored by Sysco or a Subsidiary (or any company for which the Participant worked that was
acquired by Sysco or a Subsidiary), determined as follows:

               (i) Such account balance shall only reflect the vested balance derived from employer
contributions, excluding the balance attributable to 401(k) Plan salary deferrals.

               (ii) Such account balance shall be determined as of the last day of the month preceding the
month of the Determination Date. However, if the Participant has not met the Early Payment
Criteria

12

 

as of the Determination Date, this balance will be increased with interest to the Benefit
Commencement Date, using the interest rate used for determining Actuarial Equivalence. The balance
or, if applicable, balance increased with interest, shall be converted to an Actuarially Equivalent
Annuity as of the Benefit Commencement Date.

               (iii) Such balances shall include prior distributions (subject to the limitation in item (i)
and including but not limited to an in-service withdrawal or a qualified domestic relations order
distribution), increased with interest. Interest will be credited from the date of the lump-sum
payment to the Benefit Commencement Date, using the interest rate used for determining Actuarial
Equivalence. The resulting balance shall be converted to an Actuarially Equivalent Annuity as of
the Benefit Commencement Date. 

          (i) Social Security Offset. “Social Security Offset” means, as of any given
Determination Date, the Participant’s monthly old-age benefit under the Federal Social Security Act
or any similar federal act in effect as of the Determination Date and payable as of the later of
age sixty-two (62) or the Benefit Commencement Date (the “Social Security Benefit”), and
without regard to whether such Social Security Benefit is actually delayed, superseded, or
forfeited because of failure to apply or for any other reason. The amount of the Social Security
Benefit shall be determined based upon the pay and employment data that may be furnished by the
Company and/or the Participant concerned and it shall be assumed that the Participant has no
compensation after the Determination Date. Any pay for periods prior to the earliest data
furnished shall be estimated by applying a salary scale discount, and the discount applied for this
purpose shall be the actual change in average wages from year to year as determined by the Social
Security Administration.

          (j) Canada/Quebec Pension Plan Offset. “Canada/Quebec Pension Plan Offset” means, as
of any given Determination Date, the Participant’s monthly retirement benefit payable under the
Canada Pension Plan or Quebec Pension Plan, as applicable, as in effect on the Determination Date
and payable as of the later of age sixty (60) or the Benefit Commencement Date (the
“Canada/Quebec Pension Benefit”), and without regard to whether such Canada/Quebec Pension
Benefit is actually delayed, superseded, or forfeited because of failure to apply or for any other
reason. The amount of the Canada/Quebec Pension Benefit shall be determined based upon the pay and
employment data that may be furnished by the Company and/or the Participant concerned and it shall
be assumed that the Participant has no compensation after the Determination Date. Any pay for
periods prior to the earliest data furnished shall be estimated by applying a salary scale
discount, and the discount applied for this purpose shall be the actual change in average wages
from year to year as determined for purposes of the Canada Pension Plan or the Quebec Pension Plan,
as applicable.

          (k) Participant who has paid into both the US Federal Social Security and either the
Canada Pension Plan or the Quebec Pension Plan. If a Participant has paid into both the US
Federal Social Security and either the Canada Pension Plan or the Quebec Pension Plan, while an
employee of Sysco or its Subsidiaries, the monthly Social Security Offset will be assumed to be
zero and the monthly Canada/Quebec Pension Plan Offset will be determined to be a theoretical
amount calculated under the Canada Pension Plan or Quebec Pension Plan, as applicable, as if the
Participant had always been covered under and contributing to the Canada Pension Plan or

13

 

Quebec Pension Plan. For purposes of determining the monthly Canada/Quebec Pension Plan
Offset, the amount of the benefit shall be determined based upon the pay and employment data that
may be furnished by the Company and/or the Participant while a Canadian Participant. Any pay for
periods prior to the earliest data furnished shall be estimated by applying a salary scale
discount, and the discount applied for this purpose shall be the actual change in average wages
from year to year as determined for purposes of the Canada Pension Plan or the Quebec Pension Plan,
as applicable. Any pay for periods prior to the Determination Date and after the latest data
furnished shall be estimated by applying a salary scale factor, and the factor applied for this
purpose shall be the actual change in average wages from year to year as determined for purposes of
the Canada Pension Plan or the Quebec Pension Plan, as applicable. It shall be assumed that the
Participant has no compensation after the Determination Date. For purposes of the Temporary
Supplement of Section 4.7, the Participant will be treated as a Canadian Participant, regardless of
the Participant’s status at Retirement or Vested Separation.

          (l) Benefit Limit. “Benefit Limit” means the limit in effect for the Plan Year in
which the distribution event occurs and equals USD $178,537 per month for distribution events
occurring in the Plan Year ending June 28, 2008. For distribution events that occur in a Plan Year
ending after June 28, 2008, such monthly amount shall be adjusted in accordance with the percentage
increase, if any, in the Consumer Price Index for All Urban Consumers (“CPI-U”), as
measured from (1) June of the second Plan Year preceding the Plan Year during which such
distribution event occurred to (2) June of the Plan Year immediately preceding the Plan Year during
which such distribution event occurred.

     4.2 Minimum Vested Accrued Benefit as of June 28, 2008. An Active Participant as of
June 28, 2008 shall have a Minimum Vested Accrued Benefit as of June 28, 2008, equal to:

          (a) In General. The Participant’s { High-Five Average Compensation as of June 28,
2008 × 50% × Service Factor × Vested Percentage } less Offset Amount; provided, however, the
resulting amount shall not exceed the Participant’s Vested Percentage × Benefit Limit.

          (b) For a Protected Participant. The greater of (i) the amount determined under
Section 4.2(a) above or (ii) the Protected Minimum Vested Accrued Benefit equal to the Protected
Participant’s { (High-Five Average Compensation as of June 28, 2008 × 50%) less Offset Amount } ×
Service Factor × Vested Percentage.

The Determination Date for the elements in the benefit formulas under this Section 4.2 shall be
June 28, 2008 with the exception of the Vested Percentage and Benefit Limit, both of which shall be
determined as of the date of the distribution event.

     4.3 Vested Accrued Benefit after June 28, 2008. An Active Participant’s Vested
Accrued Benefit as of a Determination Date after June 28, 2008 shall equal the greater of the
Participant’s benefit, if any, under Section 4.2 above, or

14

 

          (a) In General. The Participant’s { Ten-Year Final Average Compensation × 50% ×
Service Factor × Vested Percentage } less Offset Amount; provided however, the resulting amount
shall not exceed the Participant’s Vested Percentage × Benefit Limit.

          (b) For a Protected Participant. The greater of (i) the amount determined under
Section 4.3(a) above or (ii) the Protected Benefit equal to the Protected Participant’s { (Ten-Year
Final Average Compensation × 50% ) less Offset Amount } × Service Factor × Vested Percentage.

The Determination Date for the elements in the benefit formulas under Sections 4.3(a) and (b) above
shall be the date of the distribution event.

     4.4 Retirement Benefit. A Participant’s Retirement Benefit shall equal the
Participant’s Vested Accrued Benefit determined under Section 4.3, where the Determination Date for
calculating such Vested Accrued Benefit is the Participant’s date of Retirement or Vested
Separation.

     4.5 Benefit Commencement Date.

          (a) Normal Payment Criteria. Unless a Participant satisfies the Early Payment
Criteria under Section 4.5(b), payment of the Participant’s Retirement Benefit under Section 4.4
shall begin on the first day of the month coincident with or next following his sixty-fifth (65th)
birthday or his actual Retirement or Vested Separation date, whichever is later, if he survives to
the applicable date.

          (b) Early Payment Criteria. If a Participant Separates from Service before age
sixty-five (65) and satisfies the Early Payment Criteria set forth below as of his Retirement or
Vested Separation date, payment of the Participant’s Retirement Benefit under Section 4.4 shall
begin on the first day of the month coincident with or next following the Participant’s Retirement
date, if he survives to the applicable date. The “Early Payment Criteria” are as follows:

               (i) Criteria for Early Payment of a Protected Benefit: As of his Retirement or Vested
Separation, the Participant is at least age sixty (60), has at least 10 years of MIP Participation
and has at least twenty (20) years of Vesting Service.

               (ii) Criteria for Early Payment of a Benefit other than a Protected Benefit: As of
his Retirement or Vested Separation, the Participant has either (1) satisfied the criteria in
Section 4.5(b)(i) above or (2) is at least age fifty-five (55) and has at least fifteen (15) years
of MIP Participation.

               (iii) Committee Discretion. Notwithstanding the above, the Committee acting in its
sole discretion at any time prior to December 31, 2008, consistent with the transition relief under
Section 409A, may accelerate the Benefit Commencement Date of a Participant’s Retirement Benefit
provided that (i) the Committee’s exercise of such discretion may only apply to amounts that would
not otherwise be payable during 2008; and (ii) may not cause an amount not otherwise payable during
2008 to be paid during 2008.

15

 

     4.6 Form of Payment.

          (a) Participants in the Plan as of June 28, 2008. If, as of June 28, 2008, the
Participant is
(i) not married, the Retirement Benefit will be paid in the form of an Annuity; or (ii)
married, the Retirement Benefit will be paid in the form of a Joint and Survivor Annuity which is
Actuarially Equivalent to the Annuity.

          (b) Participants Who First Become Eligible to Participate in the Plan after June 28,
2008. If, as of the date a Participant first becomes eligible to participate in this Plan the
Participant is (i) not married, the Retirement Benefit will be paid in the form of an Annuity; or
(ii) married, the Retirement Benefit will be paid in the form of a Joint and Survivor Annuity which
is Actuarially Equivalent to the Annuity.

          (c) Committee Discretion. Notwithstanding anything to the contrary in this Section
4.6, at any time after a Participant’s Separation from Service but prior to the date any annuity
payment is made to the Participant under this Plan, the Committee may change the form of payment of
a Participant’s Retirement Benefit between an Annuity and Joint and Survivor Annuity based upon the
marital status of such Participant as of the date of such change, and such change shall become
immediately effective, provided that such change shall become effective only if the Annuity and
Joint and Survivor Annuity are “actuarially equivalent life annuities” within the meaning of
Section 409A.

     4.7 Temporary Supplement. A U.S. Participant who retires before age sixty-two (62)
and meets the criteria of Sections 4.5(b)(i), 4.5(b)(ii) or 4.5(b)(iii) above, shall, in addition
to his Retirement Benefit under Section 4.4, receive a Temporary Supplement equal to such
Participant’s monthly Social Security Offset. A Canadian Participant who retires before age sixty
(60) and meets the criteria of Sections 4.5(b)(i), 4.5(b)(ii) or 4.5(b)(iii) above, shall in
addition to his Retirement Benefit under Section 4.4, be paid a Temporary Supplement equal to such
Participant’s monthly Canada/Quebec Pension Plan Offset. The Determination Date of the monthly
Social Security Offset or Canada/Quebec Pension Plan Offset, as applicable, shall be the
Participant’s date of Retirement. The Temporary Supplement will be paid to an eligible Participant
through and including the earlier of (a) the month in which the Participant dies or (b) the month
in which the U.S. Participant attains age sixty-two (62) or the Canadian Participant attains age
sixty (60).

     4.8 Administrative Delay. Except as required under Section 4.9, payment of the
Participant’s Retirement Benefit and, if applicable, Temporary Supplement shall begin on the
Benefit Commencement Date set forth in Section 4.5 or the first day of the month as soon as
administratively practicable thereafter but in no event later than the last day of the taxable year
in which the Benefit Commencement Date occurs, or if later within seventy-five (75) days of the
Benefit Commencement Date, unless an exception under
Section 409A applies. The aggregate amount of any delayed payments, without interest, shall
be paid to the Participant on such delayed commencement date.

     4.9 Delay of Payments under Section 409A of the Code . Notwithstanding any provision
of Sections 4.5 and 4.7 to the contrary, if the distribution of a Retirement Benefit under Section
4.5 (and, if applicable, a Temporary Supplement under Section 4.7) to a Participant who is a
Specified Employee result from such Participant’s Retirement or Vested Separation, such
distributions shall not commence earlier than the date that is six (6) months after the date of
such Participant’s Retirement or Vested Separation if such earlier commencement would result in the
imposition of tax under Section 409A. If distributions to a Participant are so delayed, such
distributions shall commence at the later of (a) the first day of the month coincident with or next
following the date that is six (6) months after the Participant’s Retirement or Vested Separation
date; or (b) the Participant’s Benefit Commencement Date. If a Participant’s distributions are
delayed by reason of clause (a), above, the aggregate amount of any such delayed payments, together
with interest on such delayed payments (calculated using the interest rate used for determining
Actuarial Equivalence), shall be paid to the Participant on such delayed commencement date.

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ARTICLE V

FROZEN PARTICIPATION & DISABILITY

     5.1 In General. This Article V provides special rules that apply to a Participant who
is a Frozen Participant or who has a Separation from Service due to Disability (as defined in the
Current Plan) prior to December 16, 2008. To the extent that this Article V or other provisions of
the Plan do not otherwise specify, such Participant shall be treated as any other Participant to
the extent necessary to implement this Article V.

     5.2 Participation Frozen on or after June 28, 2008. For ease of reference, special
rules applicable to a participant who becomes a Frozen Participant, as described in Section 2.2, on
or after June 28, 2008 are restated below:

          (a) Vesting Service and Age Credit. During the period of time during which his
participation is frozen, a Frozen Participant shall continue to be awarded Vesting Service and age
credit for vesting purposes under Article III and satisfaction of the Early Payment Criteria under
Section 4.5(b).

          (b) Benefit Service. A Frozen Participant’s service after the date his participation
is frozen shall not count as Benefit Service.

          (c) Ten-Year Final Average Compensation. A Frozen Participant’s Ten-Year Final
Average Compensation shall be determined as of the date his participation is frozen and frozen as
of such date.

          (d) MIP Participation. Frozen Participation shall not count as MIP Participation,
except during periods in which such Frozen Participant is a MIP participant.

          (e) Offset Amount. No special rule applies to a Frozen Participant’s Offset Amount.
The Participant’s Offset Amount is determined as though his participation had never been frozen.

     5.3 Frozen Participation Deemed Active Participation. Notwithstanding anything to the
contrary contained in Section 5.4, a Frozen Participant shall be treated as if his participation
had never been frozen if (a) he remains a Company employee after his participation is frozen and
subsequently becomes eligible to participate in the Plan or (b) his participation is frozen after a
Change of Control and he dies or is terminated from the employ of the Company by the then
management within four (4) years after that Change of Control.

     5.4 Participation Frozen before June 28, 2008. The provisions of Sections 5.4 and 5.5
shall also apply to a Participant whose participation was frozen
before June 28, 2008, except such Frozen Participant’s Vested Accrued Benefit shall be
determined using the benefit formula in effect under the Plan as of the date his participation was
frozen.

     5.5 Disability before December 16, 2008. The provisions of Sections 5.2(c) and (d)
of the Current Plan shall continue to apply to a Participant whose Separation from Service due to
Disability (as defined in the Current Plan) occurred on or before December 16, 2008.
Notwithstanding the foregoing, if a Participant Separated from Service due to Disability (as
defined in the Current Plan) before June 28, 2008, such Participant’s Vested Accrued Benefit shall
be determined using the benefit formula in effect under the Plan as of the date of his Separation
from Service due to Disability (as defined in the Current Plan).

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ARTICLE VI

DEATH BENEFIT

     6.1 Definitions. The following definitions are used in this Article VI:

          (a) Vested Separated Participant. “Vested Separated Participant” means a Participant
entitled to a deferred Vested Accrued Benefit commencing under the payment criteria under Section
4.5(a) and whose Benefit Commencement Date has not occurred.

          (b) Retired Participant. “Retired Participant” means a Participant (1) whose Benefit
Commencement Date has occurred but who has not yet received his first benefit payment or (2) who is
receiving benefit payments.

     6.2 Death of Active Participant prior to Age 55. If an Active Participant dies prior
to attaining age fifty-five (55), such Participant’s spouse or other Beneficiary shall be entitled
to receive a death benefit as described below:

          (a) Amount of Death Benefit. The amount of each installment of the annual death
benefit shall equal 25% of the Participant’s Three-Year Final Average Compensation, determined as
follows:

               (i) “Three-Year Final Average Compensation” means the annual average of the
Participant’s Death Benefit Eligible Earnings for the three (3) Plan Years (excluding those Plan
Years in which the Participant does not have any Eligible Earnings) ending immediately before or
coincident with the Participant’s date of death. Unless otherwise provided herein, the Plan Year
in which the Participant was originally hired shall be disregarded if he was hired after the first
business day of such Plan Year. Similarly, the Plan Year in which death occurs shall be
disregarded if death occurs before the last business day of such Plan Year. If the Participant
does not have three (3) Plan Years of Death Benefit Eligible Earnings, the Participant’s Three-Year
Final Average Compensation shall be based on the annual average of Death Benefit Eligible Earnings
for the available Plan Years ending immediately before or coincident with the Participant’s date of
death. If all Plan Years have been excluded (i.e. there are no “available” Plan Years), Three-Year
Final Average Compensation shall mean the Participant’s Death Benefit Eligible Earnings in the Plan
Year in which he was originally hired.

               (ii) “Death Benefit Eligible Earnings” shall have the same meaning as “Eligible
Earnings” (as defined in Section 4.1(a)); provided, however, the salary component of Eligible
Earnings shall mean the annual rate of the Participant’s base salary as of his last day of
employment during the applicable Plan Year, and the cap on the MIP Bonus shall not apply.

          (b) Duration of Death Benefit. The above death benefit will be payable annually to
the Beneficiary for a period of ten (10) years certain, with the first installment commencing on
the first day of the month

18

 

coincident with or next following the Participant’s death, and with each
of the nine (9) remaining installments payable on the annual anniversaries of the date of such
first payment.

          (c) Participation under this Plan and the Program. In the event that an Active
Participant also participates in the Program at the time of his death, the Participant shall be
entitled to a death benefit from this Plan, and not the Program.

     6.3 Death of Active Participant after Age 55. If an Active Participant dies after
attaining age fifty-five (55), such Participant’s spouse or other Beneficiary shall be entitled to
a monthly annuity payable for life with a ten (10) year certain period commencing on the first day
of the month coincident with or next following the Participant’s death. Such monthly annuity shall
be Actuarially Equivalent to the single sum value of the death benefit determined as follows:

          (a) Combined Value of Death Benefit under this Plan and the Program.

               (i) If such Participant, as of his date of death, is at least age sixty-five (65) or satisfies
the Early Payment Criteria under Section 4.5(b), the single-sum value of the death benefit payable
under this Plan and the Program shall equal the greater of the Actuarially Equivalent single-sum
value of (A) the death benefit that would be payable under Section 6.2 if the age condition did not
apply or (B) the sum of (x) the Retirement Benefit that would have been payable to the Participant
as an Annuity under Article IV assuming the Participant retired on his date of death and (y) in the
case of an Active Participant who also participates in the Program, the Retirement Benefit (as
defined in the Program) that would have been payable to the Participant as an Annuity pursuant to
Section 4.4 of the Program assuming the Participant had retired on his date of death (taking into
account any applicable reductions set forth under Section 4.4 of the Program).

               (ii) If such Participant does not satisfy the conditions in 6.3(a)(i) above, the combined
single-sum value of the death benefit payable under this Plan and the Program shall equal the
greater of the Actuarially Equivalent single-sum value of (A) the death benefit that would be
payable under Section 6.2 if the age condition did not apply or (B) the sum of (x) the hypothetical
immediate Annuity equal to (i) the deferred Annuity that would have been payable to the Participant
under Article IV as of the applicable Benefit Commencement Date under Section 4.5(a) assuming the
Participant had retired on his date of death, reduced by (ii) five-ninths (5/9ths) of one percent
(1%) for each full calendar month by which the first payment of the death benefit precedes such
Benefit Commencement Date and (y) in the case of an Active Participant who also participates in the
Program, the Retirement Benefit (as defined in the Program) that would have been payable to the
Participant as an Annuity pursuant to Section 4.4 of the Program assuming the Participant had
retired on his date of death (taking into account any applicable reductions set forth in Section
4.4 of the Program).

     (b) Allocation of Death Benefit between this Plan and the Program. If an Active
Participant also participates in the Program at the time of his death and the resulting death
benefit is determined pursuant to either Section 6.3(a)(i)(A) or 6.3(a)(ii)(A) above, the value of
such death benefit shall be paid under this Plan and no

19

 

additional benefit shall be paid under the
Program. Otherwise, the value of the death benefit determined pursuant to either Section
6.3(a)(i)(B)(x) or 6.3(a)(ii)(B)(x), as applicable, shall be paid under this Plan and the value of
the death benefit determined pursuant to either Section 6.3(a)(i)(B)(y) or 6.3(a)(ii)(B)(y), as
applicable, shall be paid under the Program.

     6.4 Death after a Change of Control that Occurs while an Active Participant . If a
Participant is (a) an Active Participant when a Change of Control occurs, (b) continues as an
Active Participant or becomes a Vested Separated Participant and (c) dies within four (4) years of
such Change of Control, a death benefit shall be payable to such Participant’s Beneficiary. The
death benefit shall be determined under either Section 6.2 or 6.3, as applicable, based on such
Active or Vested Separated Participant’s age as of his date of death and modified as follows:

          (a) Three-Year Final Average Compensation under Section 6.2 shall be determined as of the
Active Participant’s date of death or Vested Separated Participant’s date of Retirement or Vested
Separation.

          (b) The Determination Date of the Article IV Retirement Benefit under Section 6.3 shall be the
Active Participant’s date of death or Vested Separated Participant’s date of Retirement or Vested
Separation.

          (c) Satisfaction of the Early Payment Criteria shall be determined as of the Active
Participant’s date of death or Vested Separated Participant’s date of Retirement or Vested
Separation.

     6.5 Death of Frozen Participant. If a Frozen Participant dies while in the employ of
Sysco or a Subsidiary prior to attaining age fifty-five (55), such Frozen Participant’s spouse or
other Beneficiary shall not be entitled to a death benefit under this Plan. If a Frozen
Participant dies while in the employ of Sysco or a Subsidiary on or after attaining age fifty-five
(55) and such Frozen Participant has a Vested Accrued Benefit, such Frozen Participant’s spouse or
other Beneficiary shall be entitled to a monthly annuity payable for life with a ten (10) year
certain period commencing on the first day of the month coincident with or next following the
Frozen Participant’s death. Such monthly annuity shall be Actuarially Equivalent to the single sum
value of the survivor’s benefit that would have been payable to the Participant’s spouse or other
Beneficiary if the Participant had begun receiving a hypothetical Retirement Benefit on his date of
death, determined as follows:

          (a) If the Participant satisfied the Early Payment Criteria on his date of death, the amount
of such hypothetical retirement benefit shall equal the Participant’s Vested Accrued Benefit as of
his date of death, adjusted, as applicable, to take into account the form of such Participant’s
Retirement Benefit under Section 4.6.

          (b) If the Participant did not meet the requirements of Section 6.5(a), the amount of such
hypothetical retirement benefit shall equal the Participant’s Vested Accrued Benefit as of his date
of death, reduced, for the period by which the first payment
of the death benefit precedes the date
the Participant would have attained age sixty-five (65), by 5/9ths of one percent (1%) for each
full calendar month by which the first payment of the

20

 

death benefit precedes the month in which the
Participant would have attained age sixty-five (65), adjusted, as applicable, to take into account
the form of such Participant’s Retirement Benefit under Section 4.6.

          (c) For purposes of determining the amount of the survivor’s benefit under this Section 6.5,
if a Participant’s Retirement Benefit would have been paid in the form of a Joint and Survivor
Annuity, and the Participant designated a Beneficiary other than his spouse, his Beneficiary shall
be substituted for the Participant’s “spouse” for purposes of the conversion to a Joint and
Survivor Annuity.

     6.6 Death of Vested Separated Participant. Upon the death of a Vested Separated
Participant who was not a Frozen Participant as of his date of Retirement or Vested Separation,
such Participant’s Beneficiary shall be entitled to a monthly annuity payable for life with a ten
(10) year certain period commencing on the first day of the month coincident with or next following
the Participant’s death. Subject to Section 6.4, such monthly annuity shall be Actuarially
Equivalent to the single-sum value of the survivor’s benefit that would have been payable to the
Participant’s spouse or other Beneficiary if the Participant had begun receiving a hypothetical
retirement benefit on his date of death. The amount of such hypothetical retirement benefit shall
equal the Participant’s Vested Accrued Benefit as of his Retirement or Vested Separation date,
reduced, for the period by which the first payment of the death benefit precedes the first day of
the month on or after date the Participant would have attained age sixty-five (65), by 5/9ths of
one percent (1%) for each of the first one hundred twenty (120) calendar months and actuarially
thereafter (using the assumptions for Actuarial Equivalence), adjusted as applicable, to take into
account the form of such Participant’s Retirement Benefit under Section 4.6. For purposes of
determining the amount of the survivor’s benefit under this Section 6.6, if a Participant’s
Retirement Benefit would have been paid in the form of a Joint and Annuity, and the Participant
designated a Beneficiary other than his spouse, his Beneficiary shall be substituted for the
Participant’s “spouse” for purposes of the conversion to the Joint and Survivor Annuity.

     6.7 Death of Retired Participant before or after Commencement of Benefits. If a
Retired Participant (a) dies before benefit payments begin and was not a Frozen Participant at
Retirement or (b) dies after benefit payments begin, any death benefit that may be payable is a
function of the form of payment applicable to such Retired Participant (Joint and Survivor Annuity
or Annuity as provided under Section 4.6), as described below:

          (a) Joint and Survivor Annuity.

               (i) Death of Participant or Spouse during Ten (10) Year Certain Period. If either the
Participant or his spouse (but not both) dies before the first benefit payment or during the ten
(10) year certain period
following the Benefit Commencement Date, the benefit amount payable during
their joint lives shall be paid
to the survivor for the balance of the ten (10) year certain period and then two-thirds (2/3)
of that amount shall be paid to the survivor for life.

               (ii) Death of Both Participant and Spouse during Ten (10) Year Certain Period. If
both the Participant and his spouse die before the first benefit payment or during the ten (10)
year certain period

21

 

following the Benefit Commencement Date, the benefit amount payable during
their joint lives shall be paid to the Participant’s Beneficiary for the balance of the ten (10)
year certain period.

               (iii) Cessation of Benefits. No further benefits are payable after the later of (a)
the deaths of the Participant and his spouse or (b) the end of the ten (10) year certain period.

               (iv) Spouse. For purposes of this Section 6.7(a), “spouse” refers to the
Participant’s spouse whose birth date was used in the calculation of the Joint and Survivor
Annuity, even if the Participant is married to a different individual at the time of the
Participant’s death.

          (b) Annuity.

               (i) Death of Participant during Ten (10) Year Certain Period. If the Participant dies
before the first benefit payment or during the ten (10) year certain period following the Benefit
Commencement Date, the benefit amount shall be paid to the Participant’s Beneficiary for the
balance of the ten (10) year certain period.

               (ii) Cessation of Benefits. No further benefits are payable after the later of (a)
the death of the Participant or (b) the end of the ten (10) year certain period.

     6.8 Administrative Delay. Death benefits shall commence as of the date set forth in
this Article VI or the first day of the month as soon as administratively practicable thereafter
but in any event within ninety (90) days of the Participant’s death. The aggregate amount of any
such delayed payments, without interest on such delayed payments, shall be paid to the Beneficiary
on such delayed commencement date.

     6.9 Beneficiary Designation for Ten (10) Year Certain Period. A Beneficiary
designation shall be effective upon receipt by the Committee of a properly executed form which the
Committee has approved for that purpose, and shall remain in force until revoked or changed by the
Participant. The Participant may, from time to time, revoke or change any designation of
Beneficiary by filing another approved Beneficiary designation form with the Committee.

          (a) Upon entering the Plan, each Participant shall file with the Committee a designation of
one or more Beneficiaries to whom the death benefit provided by Sections 6.2, 6.3, 6.4, 6.5 and 6.6
shall be payable. Any Beneficiary designation by a married Participant who designates any person
or entity other than the
Participant’s spouse shall be ineffective unless the Participant’s spouse has indicated
consent by completing and signing the applicable spousal consent section of the approved
beneficiary designation form.

          (b) Upon Retirement and prior to commencement of benefits under Article IV, the Participant
shall designate one or more Beneficiaries to receive the remaining period certain payments, which
designation shall be made and modified in accordance with the procedures set forth in this Section
6.9. If the Participant does not designate one or more Beneficiaries to receive the remaining
period certain payments, the

22

 

Beneficiaries designated by the Participant upon entering the Plan
shall be the Participant’s Beneficiaries for purposes of the remaining period certain payments. A
spouse of a Participant may not change the Beneficiaries designated by the Participant, including
the Beneficiaries to whom the remaining period certain payments may be paid. Notwithstanding the
preceding sentences of this section 6.9 (b), in the case of a Joint and Survivor Annuity, a
Beneficiary designation shall have no effect unless the Participant and the Participant’s spouse
both die during the ten (10) year certain period and (b) if the Participant dies during the ten
(10) year certain period and the Beneficiaries designated by the Participant have predeceased the
Participant or otherwise ceased to exist, the Participant’s surviving spouse who is receiving the
survivor benefit under the Joint and Survivor Annuity may designate the Beneficiaries to receive
any remaining guaranteed payments if the spouse should die during the ten (10) year certain period.

          (c) If there is no valid Beneficiary designation on file with the Committee at the time of the
Participant’s death, or if all of the Beneficiaries designated in the last Beneficiary designation
have predeceased the Participant or, in the case of an entity, otherwise ceased to exist, the
Beneficiary shall be the Participant’s spouse, if the spouse survives the Participant, or otherwise
the Participant’s estate. A Beneficiary who is an individual shall be deemed to have predeceased
the Participant if the Beneficiary dies within thirty (30) days of the date of the Participant’s
death. If any Beneficiary survives the Participant but dies or, in the case of an entity,
otherwise ceases to exist, before receiving all payments due under this Article VI, the balance of
the payments that would have been paid to that Beneficiary shall, unless the Participant’s
designation provides otherwise, be distributed to the deceased individual Beneficiary’s estate or,
in the case of an entity, to the Participant’s spouse, if the spouse survives the Participant, or
otherwise to the Participant’s estate.

          (d) To the extent applicable, if a Participant does not have a Beneficiary designation under
this Plan, but does have a Beneficiary designation under the Program, the Beneficiary designation
under the Program shall apply to this Plan, unless the Participant makes a new Beneficiary
designation under this Plan pursuant to the terms and conditions described above.

23

 

ARTICLE VII

PROVISIONS RELATING TO ALL BENEFITS

     7.1 Effect of this Article. The provisions of this Article shall control over all
other provisions of the Plan (including the Program).

     7.2 Termination of Employment. A Participant’s termination of employment for any
reason prior to the Participant’s vesting under Article III shall cause the Participant and all his
Beneficiaries to forfeit all interests in and under this Plan, other than any benefit payable to
such Participant’s Beneficiaries under Article VI.

     7.3 Forfeiture for Cause.

          (a) Forfeiture on Account of Discharge. If the Committee finds, after full
consideration of the facts presented on behalf of Sysco or a Subsidiary and a former Participant,
that the Participant was discharged by Sysco or a Subsidiary for: (i) fraud, (ii) embezzlement,
(iii) theft, (iv) commission of a felony, (v) proven dishonesty in the course of his employment by
Sysco or a Subsidiary which damaged Sysco or a Subsidiary, or (vi) disclosing trade secrets of
Sysco or a Subsidiary ((i) through (vi) individually and collectively referred to as a “For
Cause Event”), the entire Vested Accrued Benefit of the Participant and/or his Beneficiaries
shall be forfeited.

          (b) Forfeiture after Commencement of Benefits. If the Committee finds, after full
consideration of the facts presented on behalf of Sysco or a Subsidiary and the former Participant,
that a former Participant who has begun receiving benefits under this Plan engaged in a For Cause
Event during his employment with Sysco or a Subsidiary (even though the Participant was not
discharged from Sysco or the Subsidiary for such a For Cause Event), the former Participant’s
and/or Beneficiaries remaining benefit payments under the Plan (including the Program) shall be
forfeited.

          (c) Committee Discretion. The decision of the Committee as to the existence of a For
Cause Event shall be final. No decision of the Committee shall affect the finality of the
discharge of the Participant by Sysco or the Subsidiary in any manner.

          (d) Special Rule for Change of Control. Notwithstanding the above, the forfeitures
created by Sections 7.3(a) and 7.3(b) above shall not apply to a Participant or former Participant
who: (i) is discharged during the Plan Year in which a Change of Control occurs, or during the next
three (3) succeeding Plan Years following the Plan Year in which a Change of Controls occurs (the
“Change of Control Period”) or (ii) during the Change of Control Period is determined by
the Committee to have engaged in a For Cause Event, unless an arbitrator selected to review the
Committee’s findings agrees with the Committee’s determination to apply the forfeiture. The
arbitration shall be governed by the provisions of Section 7.6(e) below.

24

 

     7.4 Forfeiture for Competition. If, at the time a distribution is being made or is to
be made to a Participant, the Committee finds, after full consideration of the facts presented on
behalf of Sysco or a Subsidiary and the Participant, that the Participant has engaged in any of the
conduct set forth in this Section 7.4, the entire benefit remaining to be paid to the Participant
and/or his Beneficiaries shall be forfeited, even though it may have been previously vested under
any portion of this Plan; provided, however, that this Section 7.4 shall not apply to any
Participant whose termination of employment from Sysco or a Subsidiary occurs during a Change of
Control Period. A forfeiture shall occur if, at any time after his termination of employment from
Sysco or a Subsidiary and while any remaining benefit is to be paid to the Participant and/or his
Beneficiaries under this Plan, and without written consent of Sysco’s Chief Executive Officer or
General Counsel, the Participant:

          (a) either directly or indirectly owns, operates, manages, controls, or participates in the
ownership, management, operation, or control of, or is employed by, or is paid as a consultant or
other independent contractor by, a business which competes with any aspect of the business of Sysco
or a Subsidiary by which he was formerly employed (as the scope of Sysco’s or such Subsidiary’s
business is defined as of the date of Participant’s termination of employment) in a trade area
served by Sysco or the Subsidiary and in which the Participant directly or indirectly represented
Sysco or the Subsidiary while employed by it; and the Participant continues to be so engaged ten
(10) days after written notice has been given to him by or on behalf of Sysco or the Subsidiary;

          (b) either directly or indirectly owns, operates, manages, controls, or participates in the
ownership, management, operation, or control of, or is employed by, or is paid as a consultant or
other independent contractor by, a customer or supplier of Sysco or a Subsidiary by which he was
formerly employed and with whom the Participant dealt, either directly or indirectly through the
supervision of others, on behalf of Sysco or a Subsidiary by which he was formerly employed; and
the Participant continues to be so engaged ten (10) days after written notice has been given to him
by or on behalf of Sysco or the Subsidiary;

          (c) on behalf of a business which competes with Sysco or a Subsidiary by which he was formerly
employed, directly or indirectly markets, solicits or sells to any actual or prospective customer
of Sysco or a Subsidiary by which he was formerly employed and with whom the Participant dealt,
either directly or indirectly through the supervision of others, on behalf of Sysco or the
Subsidiary by which he was formerly employed;

          (d) on behalf of a business which competes with Sysco or a Subsidiary by which he was formerly
employed, directly or indirectly markets to, solicits or buys from any supplier of Sysco or a
Subsidiary by which he was formerly employed and with whom the Participant dealt, either directly
or indirectly through the supervision of others, on behalf of Sysco or the Subsidiary by which he
was formerly employed;

          (e) on behalf of a business which competes with Sysco or a Subsidiary by which he was formerly
employed, directly or indirectly solicits, offers employment to, hires or otherwise enters into a
consulting relationship with any employee of Sysco or any Subsidiary;

25

 

          (f) either (i) fails to return to Sysco or the Subsidiary by which he was formerly employed,
within ten (10) days of any request issued to the Participant, any and all trade secrets or
confidential information or any portion thereof and all materials relating thereto in his
possession, or (ii) fails to hold in confidence or reproduces, distributes, transmits, reverse
engineers, decompiles, disassembles, or transfers, directly or indirectly, in any form, by any
means, or for any purpose, any Sysco or Subsidiary trade secrets or confidential information or any
portion thereof or any materials relating thereto; or

          (g) makes any disparaging comments or accusations detrimental to the reputation, business, or
business relationships of Sysco (as reasonably determined by Sysco or a Subsidiary), and the
Participant fails to retract such comments or accusations within sixty (60) days after written
notice demanding such retraction has been provided to him by or on behalf of Sysco or the
Subsidiary.

     7.5 Restrictions on any Portion of Total Payments Determined to be Excess Parachute
Payments. In the event that any payment or benefit received or to be received by a Participant
in connection with a “change of control” (as defined in Section 280G of the Code and the
regulations thereunder) of Sysco would not be deductible, whether in whole or in part, by the
Company or any Affiliate, as a result of Section 280G of the Code, the benefits payable under the
Program shall first be reduced until no portion of the Total Payments is not deductible as a result
of Section 280G of the Code, or the benefits payable under the Program have been reduced to zero.
If any further reduction is necessary the benefits payable under this Plan shall then be reduced,
as provided herein, and then, if necessary, the benefits payable under the EDCP shall be reduced
under the terms of that plan. The reduction in benefits payable under this Plan, if any, shall be
determined by reducing the Vested Percentage of the Participant’s Vested Accrued Benefit. In
determining the amount of the reduction, if any, under this Plan: (a) no portion of the Total
Payments which the Participant has waived in writing prior to the date of the payment of benefits
under this Plan shall be taken into account, (b) no portion of the Total Payments which tax
counsel, selected by the Company’s independent auditors and reasonably acceptable to the
Participant, determines not to constitute a “parachute payment” within the meaning of Section
280G(b)(2) of the Code shall be taken into account, (c) no portion of the Total Payments which tax
counsel, selected by the Company’s independent auditors and reasonably acceptable to the
Participant, determines to be reasonable compensation for services rendered within the meaning of
Section 280G(b)(4) of the Code shall be taken into account, and (d) the value of any non-cash
benefit or any deferred payment or benefit included in the Total Payments shall be determined by
the Company’s independent auditors in accordance with Sections 280G(d)(3) and (4) of the Code.
Notwithstanding anything herein or otherwise to the contrary, the Compensation and Stock Option
Committee of the Board of Directors, may, within its sole discretion and pursuant to an agreement
approved by the Compensation and Stock Option Committee, waive application of this Section 7.5,
when it determines that specific situations warrant such action.

     7.6 Claims Procedure. Any person who believes that he or she is being denied a
benefit to which he or she is entitled under the Plan (including the Program) (referred to
hereinafter as a “Claimant”) must file a written request for such benefit with the
Committee; provided, however, that
any claim involving entitlement to, the amount of or the method or timing of payment of a
benefit affected by a Change of Control shall be governed by mandatory

26

 

arbitration under Section
7.6(e). Such written request must set forth the Claimant’s claim and must be addressed to the
Committee at the Company’s principal office.

          (a) Initial Claims Decision. The Committee shall generally provide written notice to
the Claimant of its decision within ninety (90) days (or forty-five (45) days for a
disability-based claim) after the claim is filed with the Committee; provided, however, that the
Committee may have up to an additional ninety (90) days (or up to two (2) thirty (30) day periods
for a disability-based claim), to decide the claim, if the Committee determines that special
circumstances require an extension of time to decide the claim, and the Committee advises the
Claimant in writing of the need for an extension (including an explanation of the special
circumstances requiring the extension) and the date on which it expects to decide the claim.

          (b) Appeals. A Claimant may appeal the Committee’s decision by submitting a written
request for review to the Committee within sixty (60) days (or 180 days for a disability-based
claim) after the earlier of receiving the denial notice or after expiration of the initial review
period. Such written request must be addressed to the Committee at the Company’s principal office.
In connection with such request, the Claimant (and his or her authorized representative, if any)
may review any pertinent documents upon which the denial was based and may submit issues and
comments in writing for consideration by the Committee. If the Claimant’s request for review is
not received within the earlier of sixty (60) days (or 180 days for a disability-based claim) after
receipt of the denial or after expiration of the initial review period, the denial shall be final,
and the Claimant shall be barred and estopped from challenging the Committee’s determination.

          (c) Decision Following Appeal. The Committee shall generally make its decision on the
Claimant’s appeal in writing within sixty (60) days (or forty-five (45) days for a disability-based
claim) following its receipt of the Claimant’s request for appeal; provided, however, that the
Committee may have up to an additional sixty (60) days (or forty-five (45) days for a
disability-based claim) to decide the claim, if the Committee determines that special circumstances
require an extension of time to decide the claim and the Committee advises the Claimant in writing
of the need for an extension (including an explanation of the special circumstances requiring the
extension) and the date on which it expects to decide the claim. The Committee shall notify the
Claimant of its decision on the Claimant’s appeal in writing, regardless of whether the decision is
adverse.

          (d) Decisions Final; Procedures Mandatory. A decision on appeal by the Committee
shall be binding and conclusive upon all persons, and completion of the claims procedures described
in this Section 7.6 shall be a precondition to commencement of mandatory and binding arbitration
set forth in Section 7.6(e) below. Notwithstanding the preceding sentence, the Committee may, in
its sole discretion, waive the procedures described in Sections 7.6(a) through 7.6(c) as a
precondition to mandatory and binding arbitration set forth in Section 7.6(e) below.

          (e) Mandatory and Binding Arbitration. Any dispute that in any way relates to this
Plan (including the Program), including, without limitation, any benefit allegedly due under this
Plan (including the
Program) or that is the subject of any forfeiture decision under this Plan (including the
Program), shall be submitted to mandatory and binding arbitration before the American Arbitration
Association (“AAA”), in accordance with the Employee Benefit Plan Claims Arbitration Rules
established by the AAA, at the sole and exclusive jurisdiction of the AAA’s regional office for the
State of Delaware. The arbitrator shall be selected by permitting the Company and the Participant
to strike one name each from a panel of three names obtained from the AAA from its panel of
Employee Benefit Plan Claims Arbitrators. The person whose name is remaining shall be the
arbitrator. The arbitrator shall determine the extent of discovery, if any, that is needed to
resolve the dispute after hearing the positions of each party regarding the need for discovery.
The arbitrator shall be bound to apply the laws of the State of Delaware to resolve any dispute
without regard for any conflict of law principles, as each Participant acknowledges that the
Company is organized under the laws of the State of Delaware. The decision of the arbitrator shall
be final and binding on both parties.

27

 

ARTICLE VIII

ADMINISTRATION

     8.1 Committee Appointment. The Committee shall be appointed by the Board of Directors
or its designee. Each Committee member shall serve until his or her resignation or removal. The
Board of Directors, or its designee, shall have the sole discretion to remove any one or more
Committee members and appoint one or more replacement or additional Committee members from time to
time.

     8.2 Committee Organization and Voting. The organizational structure and voting
responsibilities of the Committee shall be as set forth in the bylaws of the Committee.

     8.3 Powers of the Committee. The Committee shall have the exclusive responsibility
for the general administration of this Plan (including the Program) according to the terms and
provisions of this Plan (including the Program) and shall have all powers necessary to accomplish
those purposes, including but not by way of limitation the right, power and authority:

          (a) to make rules and regulations for the administration of this Plan (including the Program);

          (b) to construe all terms, provisions, conditions and limitations of this Plan (including the
Program);

          (c) to correct any defect, supply any omission or reconcile any inconsistency that may appear
in this Plan (including the Program) in the manner and to the extent it deems expedient to carry
this Plan (including the Program) into effect for the greatest benefit of all parties at interest;

          (d) subject to Section 7.3(c), to resolve all controversies relating to the administration of
this Plan (including the Program), including but not limited to:

               (i) differences of opinion arising between the Company and a Participant in accordance with
Sections 7.6(a) through 7.6(c), except when the difference of opinion relates to the entitlement
to, the amount of or the method or timing of payment of a benefit affected by a Change of Control,
in which event, such difference of opinion shall be decided by mandatory and binding arbitration
under Section 7.6(e); and

               (ii) any question it deems advisable to determine in order to promote the uniform
administration of this Plan (including the Program) for the benefit of all parties at interest; and

     (e) to delegate by written notice any plan administration duties of the Committee to such
individual members of the Committee, individual employees of the
Company, or groups of employees of
the Company, as the Committee determines to be necessary or advisable to properly administer the
Plan (including the Program).

     8.4 Committee Discretion. The Committee has the sole power and authority to
administer this Plan (including the Program), and any decision made by, or action taken by, the
Committee in good faith shall be final and binding on all parties, subject to the provisions of
Sections 7.6(a) through 7.6(c). Notwithstanding the foregoing, Committee decisions or actions
during a Change of Control Period are subject to mandatory and binding arbitration pursuant to
Section 7.6(e).

     8.5 Reimbursement of Expenses. The Committee shall serve without compensation for
their services but shall be reimbursed by Sysco for all expenses properly and actually incurred in
the performance of their duties under this Plan (including the Program).

     8.6 Indemnification. To the extent permitted by law, members of the Board of
Directors, members of the Committee, employees of the Company, and all agents and representatives
of the Company shall be indemnified by the Company, and saved harmless against any claims resulting
from any action or conduct relating to the administration of the Plan (including the Program),
except claims arising from gross negligence, willful neglect or willful misconduct.

28

 

ARTICLE IX

ADOPTION BY SUBSIDIARIES

     9.1 Procedure for and Status after Adoption. Any Subsidiary may, with the approval of
the Committee, adopt this Plan by appropriate action of its board of directors. The terms of this
Plan shall apply separately to each Subsidiary adopting this Plan and its Participants in the same
manner as is expressly provided for Sysco and its Participants except that the powers of the Board
of Directors and the Committee under this Plan shall be exercised by the Board of Directors of
Sysco or the Committee, as applicable. Sysco and each Subsidiary adopting this Plan shall bear the
cost of providing Plan benefits for its own Participants. Sysco shall initially pay the costs of
the Plan each Plan Year. However, each adopting Subsidiary shall then be billed back for the
actuarially determined costs pertaining to it in accordance with the appropriate Financial
Accounting Standards Board pronouncements. It is intended that the obligation of Sysco and each
Subsidiary with respect to its Participants shall be the sole obligation of the Company that is
employing the Participant and shall not bind any other Company.

     9.2 Termination of Participation by Adopting Subsidiary. Any Subsidiary adopting this
Plan may, by appropriate action of its board of directors, terminate its participation in this
Plan. The Committee may, in its discretion, also terminate a Subsidiary’s participation in this
Plan at any time. The termination of the participation in this Plan by a Subsidiary shall not,
however, affect the rights of any Participant who is working or has worked for the Subsidiary as to
benefits previously accrued by the Participant under this Plan without his consent.

29

 

ARTICLE X

AMENDMENT AND/OR TERMINATION

     10.1 Amendment or Termination of the Plan. The Board of Directors, the Committee, or
their designees, may amend this Plan (including the Program) at any time by an instrument in
writing without the consent of any adopting Company; provided, however, that authority to terminate
this Plan (including the Program) or to make any amendment to this Plan (including the Program)
that would have a significant financial statement or benefit impact on the Company shall be
reserved to the Board of Directors or its designee. Notwithstanding the foregoing, in no event
shall the Board of Directors have the authority to terminate this Plan (including the Program)
during the two (2) years following a Change of Control.

     10.2 No Retroactive Effect on Awarded Benefits.

          (a) General Rule. Absent a Participant’s prior consent, no amendment shall affect the
rights of such Participant to his Vested Accrued Benefit as of the date of such amendment
(“Minimum Vested Accrued Benefit”) or shall change such Participant’s rights under any
provision relating to a Change of Control after a Change of Control has occurred.

          (b) Determination of Minimum Vested Accrued Benefit. For purposes of calculating a
Participant’s Minimum Vested Accrued Benefit as of the date of an amendment:

               (i) The Determination Date for the elements in the benefit formulas under Section 4.3 shall be
the effective date of the amendment with the exception of the Vested Percentage and Benefit Limit,
both of which shall be determined as of the date of the distribution event.

               (ii) On and after the effective date of such amendment, for purposes of vesting under Article
III and the Early Payment Criteria under Section 4.5(b), a Participant shall continue to be awarded
(1) Vesting Service and age credit until such Participant’s termination of employment with Sysco
and its Subsidiaries and (2) years of MIP Participation until such Participant is no longer a MIP
participant.

          (c) Benefits on or after the Amendment. Notwithstanding the provisions of this
Section 10.2, the Board of Directors retains the right at any time (1) to change in any manner or
to discontinue the death benefit provided in Article VI, except for a period of four (4) years
after a Change of Control for those persons who at that time were covered by the death benefit, and
(2) to change in any manner the benefit under Article IV, provided such benefit is not less than
the minimum benefit under Section 10.2(b).

     10.3 Effect of Termination. Upon termination of the Plan, the following provisions
shall apply:

          (a) With respect to benefits that become payable as a result of a distribution event on or
after the effective date of the Plan’s termination, a Participant’s: (i) Ten-Year Final Average
Compensation shall be determined as of the earlier of the Calculation Date as specified in Section
4.1(b) or the date of the Plan’s termination, (ii) Benefit

30

 

Service shall cease as of the earlier of
the date specified in Section 4.1(d) or the date of the Plan’s termination and (iii) Three-Year
Final Average Compensation under Article VI shall be determined as of the earlier of the date
specified under Section 6.2(a)(i) or the date of the Plan’s termination.

          (b) The Board of Directors or its designee may, in its sole discretion, authorize
distributions to Participants as a result of the Plan’s termination, provided that:

               (i) All deferred compensation arrangements sponsored by the Company that would be aggregated
with this Plan (which may include the Program) under Section 1.409A-1(c) of the Treasury
Regulations (or any corresponding provision of succeeding law) if the Participant participated in
such arrangements are terminated;

               (ii) No distributions other than distributions that would be payable under the terms of this
Plan if the termination had not occurred are made within twelve (12) months of the termination of
this Plan;

               (iii) All distributions of benefits to be provided hereunder are paid within twenty-four (24)
months of the termination of this Plan; and

               (iv) The Company does not adopt a new deferred compensation arrangement at any time within
three (3) years following the date of the termination of the Plan that would be aggregated with
this Plan under Section 1.409A-1(c) of the Treasury Regulations (or any corresponding provision of
succeeding law) if the Participant participated in this Plan and the new arrangement.

          (c) Except as otherwise provided in Section 10.3(a) and 10.3(b), on and after the effective
date of the Plan’s termination, (i) the Plan shall continue to be administered as it was prior to
the Plan’s termination, (ii) all retirement benefits accrued prior to the date of termination shall
be payable only under the conditions, at the time, and in the form then provided in this Plan,
(iii) no Participant shall be entitled to Plan benefits solely as a result of the Plan’s
termination in accordance with the provisions of this Article X, and (iv) the forfeiture provisions
of Sections 7.3 and 7.4, and the restrictions set forth in Section 7.5 shall continue in effect.

31

 

ARTICLE XI

FUNDING

     11.1 Payments Under This Plan are the Obligation of the Company. The Company last
employing a Participant shall pay the benefits due the Participants under this Plan (including the
Program); however, should it fail to do so when a benefit is due, then, except as provided in
Section 11.5 the benefit shall be paid by the trustee of that certain trust agreement by and
between the Company and JPMorgan Chase Bank, with respect to the funding of this Plan (including
the Program). In any event, if the trust fails to pay for any reason, the Company still remains
liable for the payment of all benefits provided by this Plan (including the Program).

     11.2 Plan May Be Funded Through Life Insurance Owned by the Company or a Rabbi Trust.
It is specifically recognized by both the Company and the Participants that the Company may, but is
not required to, purchase life insurance so as to accumulate assets to fund the obligations of the
Company under this Plan (including the Program), and that the Company may, but is not required to
contribute any policy or policies it may purchase and any amount it finds desirable to a trust
established to accumulate assets sufficient to fund the obligations of all of the Companies under
this Plan (including the Program). However, under all circumstances, the Participants shall have
no rights to any of those policies; and, likewise, under all circumstances, the rights of the
Participants to the assets held in the trust shall be no greater than the rights expressed in this
Plan (including the Program) and the trust agreement. Nothing contained in the trust agreement
which creates the funding trust shall constitute a guarantee by any Company that assets of the
Company transferred to the trust shall be sufficient to pay any benefits under this Plan (including
the Program) or would place the Participant in a secured position ahead of general creditors should
the Company become insolvent or bankrupt. Any trust agreement prepared to fund the Company’s
obligations under this Plan (including the Program) must specifically set out these principles so
it is clear in that trust agreement that the Participants in this Plan (including the Program) are
only unsecured general creditors of the Company in relation to their benefits under this Plan
(including the Program).

     11.3 Reversion of Excess Assets. Any Company may, at any time, request the actuary,
who last performed the annual actuarial valuation of the Pension Plan, to determine the present
value of the Vested Accrued Benefit assuming the Vested Accrued Benefit to be fully vested (whether
it is or not), as of the end of this Plan (including the Program) Year coincident with or last
preceding the request, of all Participants and Beneficiaries of deceased Participants for which all
Companies are or will be obligated to make payments under this Plan (including the Program). If
the fair market value of the assets held in the trust, as determined by the Trustee as of that same
date, exceeds the total of the Vested Accrued Benefits of all Participants and Beneficiaries under
this Plan (including the Program) by 25%, any Company may direct the trustee to return to such
Company its proportionate part of the assets which are in excess of 125% of the Vested Accrued
Benefits under this Plan (including the Program). Each Company’s share of the excess assets shall
be the
Participants’ present value of the Vested Accrued Benefit earned while in the employ of that
Company as compared to the total of the present value of the Vested Accrued Benefits earned by all
Participants under this Plan (including the Program) times the excess assets. For this purpose,
the
present value of the Vested Accrued Benefits under this Plan (including the Program) shall be
calculated using the data for the preceding Plan Year brought forward using the assumptions used to
determine the actuarially determined costs according to the appropriate Financial Accounting
Standards Board pronouncements. If there has been a Change of Control, to determine excess assets,
all contributions made prior to the Change of Control shall be subtracted from the fair market
value of the assets held in the trust as of the determination date but before the determination is
made.

     11.4 Participants Must Rely Only on General Credit of the Company. The Company and
the Participants recognize that this Plan (including the Program) is only a general corporate
commitment, and that each Participant is merely an unsecured general creditor of the Company with
respect to any of the Company’s obligations under this Plan (including the Program), even if the
Company, pursuant to Section 11.1, establishes a rabbi trust to fund all or a part of its
obligations under this Plan (including the Program).

     11.5 Funding of Benefits for Participants Subject to Canadian Income Tax Laws is
Prohibited. No Company employing a Participant whose income is subject to the Canadian tax
laws shall be permitted to fund its obligation to that person through any rabbi trust, fund,
sinking fund, or other financial vehicle even though under applicable law the assets held to fund
the obligation are still subject to the general creditors of the Company.

32

 

ARTICLE XII

MISCELLANEOUS

     12.1 Responsibility for Distributions and Withholding of Taxes. The Committee shall
furnish information, to the Company last employing the Participant, concerning the amount and form
of distribution to any Participant entitled to a distribution so that the Company may make or cause
the Rabbi Trust to make the distribution required. The Committee shall also calculate the
deductions from the amount of the benefit paid under this Plan (including the Program) for any
taxes required to be withheld by federal, state, local, or foreign government and shall cause them
to be withheld.

     12.2 Limitation of Rights. Nothing in this Plan (including the Program) shall be
construed:

          (a) to give a Participant any right with respect to any benefit except in accordance with the
terms of this Plan (including the Program);

          (b) to limit in any way the right of Sysco or a Subsidiary to terminate a Participant’s
employment;

          (c) to evidence any agreement or understanding, expressed or implied, that Sysco or a
Subsidiary shall employ a Participant in any particular position or for any particular
remuneration; or

          (d) to give a Participant or any other person claiming through him any interest or right under
this Plan (including the Program) other than that of any unsecured general creditor of the Company.

     12.3 Benefits Dependent upon Compliance with Certain Covenants. The benefits
provided to a Participant under this Plan by the Company are dependent upon the Participant’s full
compliance with the covenants set forth in Section 7.4.

     12.4 Distributions to Incompetents or Minors. Should a Participant become incompetent
or should a Participant designate a Beneficiary who is a minor or incompetent, the Committee is
authorized to pay the funds due to the parent of the minor or to the guardian of the minor or
incompetent or directly to the minor or to apply those funds for the benefit of the minor or
incompetent in any manner the Committee determines in its sole discretion.

     12.5 Nonalienation of Benefits. No right or benefit provided under this Plan
(including the Program) is subject to transfer, anticipation, alienation, sale, assignment, pledge,
encumbrance or charge by the Participant, except upon his death to a named Beneficiary as provided
in this Plan (including the Program). If any Participant or any Beneficiary becomes bankrupt or
attempts
to anticipate, alienate, sell, assign, pledge, encumber or charge any right or benefit under
this Plan (including the Program), that right or benefit shall, in the discretion of the Committee,
be forfeited. In that event, the Committee may have the Company hold or apply the right or benefit
or any
part of it to the benefit of the Participant or Beneficiary, his or her spouse, children or
other dependents or any

33

 

of them in any manner and in any proportion the Committee believes to be
proper in its sole and absolute discretion, but is not required to do so.

     12.6 Reliance upon Information. The Committee shall not be liable for any decision or
action taken in good faith in connection with the administration of this Plan (including the
Program). Without limiting the generality of the foregoing, any decision or action taken by the
Committee when it relies upon information supplied it by any officer of the Company, the Company’s
legal counsel, the Company’s actuary, the Company’s independent accountants or other advisors in
connection with the administration of this Plan (including the Program) shall be deemed to have
been taken in good faith.

     12.7 Amendment Applicable to Active Participants Only Unless it Provides Otherwise.
No benefit which has accrued to any Participant who has died, retired, become disabled or separated
or who is a Frozen Participant prior to the execution of an amendment shall be changed in amount or
subject to any adjustment provided in that amendment unless the amendment specifically provides
that it shall apply to those persons and it does not have the effect of reducing those persons
Vested Accrued Benefit as then fixed without their consent.

     12.8 Severability. If any term, provision, covenant or condition of this Plan
(including the Program) is held to be invalid, void or otherwise unenforceable, the rest of this
Plan (including the Program) shall remain in full force and effect and shall in no way be affected,
impaired, or invalidated.

     12.9 Notice. Any notice or filing required or permitted to be given to the Committee
or a Participant shall be sufficient if in writing and hand delivered or sent by U.S. mail to the
principal office of the Company or to the residential mailing address of the Participant. Notice
shall be deemed to be given as of the date of hand delivery or if delivery is by mail, as of the
date shown on the postmark.

     12.10 Gender and Number. If the context requires it, words of one gender when used in
this Plan (including the Program) shall include the other genders, and words used in the singular
or plural shall include the other.

     12.11 Governing Law. This Plan (including the Program) shall be construed,
administered and governed in all respects by the laws of the State of Delaware. Consistent with
Section 7.6(e), the Participant and the Company agree that subject to the provisions of Sections
7.6(a) through 7.6(c), the sole and exclusive jurisdiction for any dispute under this Plan
(including the Program) shall lie with the AAA’s regional office for the State of Delaware, and the
parties hereby waive any jurisdictional or venue-related defense to conducting arbitration at this
location.

     12.12 Effective Date. The Supplemental Executive Retirement Plan was originally
effective as of July 3, 1988. This Eighth Amended and Restated Sysco Corporation Supplemental
Executive Retirement Plan is effective as of June 28, 2008.

     12.13 Compliance with Section 409A. This Plan (including the Program) is intended to
comply with Section 409A of the Code in both form and operation, and any ambiguities herein shall
be interpreted, to the extent possible, in a manner that complies with Section 409A.

34

 

          IN WITNESS WHEREOF, Sysco has executed this document on this December 16, 2008, effective as
of June 28, 2008.

	 	 	 	 	 	 	 
	 	 	SYSCO CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Michael C. Nichols
 

Michael C. Nichols
	 	 
	 

	 	Title:
	 	Sr. VP, General Counsel and Secretary	 	 

35

 

APPENDIX I

 36

 

SYSCO CORPORATION

MIP RETIREMENT PROGRAM

Effective June 29, 2008

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	ARTICLE I DEFINITIONS
	 	 	2	 
	 
	 	 	 	 
	ARTICLE II ELIGIBILITY & CONTINUED PARTICIPATION
	 	 	8	 
	 
	 	 	 	 
	2.1 Initial Eligibility
	 	 	8	 
	2.2 Frozen Participation
	 	 	8	 
	2.3 Continued Participation Following Transfer to the Plan
	 	 	8	 
	2.4 Benefits
upon Re-Employment
	 	 	8	 
	 
	 	 	 	 
	ARTICLE III VESTING
	 	 	9	 
	 
	 	 	 	 
	3.1 Vesting
	 	 	9	 
	3.2 Committee Discretion
	 	 	9	 
	 
	 	 	 	 
	ARTICLE IV ACCRUED BENEFIT & RETIREMENT BENEFIT
	 	 	10	 
	 
	 	 	 	 
	4.1 Definitions
	 	 	10	 
	4.2 Accrued Benefit
	 	 	12	 
	4.3 Vested Accrued Benefit
	 	 	12	 
	4.4 Retirement Benefit
	 	 	12	 
	4.5 Form of Payment
	 	 	12	 
	4.6 Administrative Delay
	 	 	12	 
	4.7 Delay of Payments under Section 409A of the Code
	 	 	12	 
	 
	 	 	 	 
	ARTICLE V FROZEN PARTICIPATION
	 	 	13	 
	 
	 	 	 	 
	5.1 In General
	 	 	13	 
	5.2 Frozen Participation
	 	 	13	 
	5.3 Frozen Participation Deemed Active Participation
	 	 	13	 
	 
	 	 	 	 
	ARTICLE VI DEATH BENEFIT
	 	 	14	 
	 
	 	 	 	 
	6.1 Definitions
	 	 	14	 
	6.2 Death of Active Participant Prior to Age 55
	 	 	14	 
	6.3 Death of Active Participant after Age 55
	 	 	15	 
	6.4 Death after a Change of Control that Occurs while an Active Participant
	 	 	15	 
	6.5 Death of Frozen Participant
	 	 	16	 
	6.6 Death of Vested Terminated Participant
	 	 	16	 
	6.7 Death of Retired Participant before or after Commencement of Benefits
	 	 	17	 
	6.8 Administrative Delay
	 	 	17	 
	6.9 Beneficiary Designation for Ten (10) Year Certain Period
	 	 	18	 

i

 

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	ARTICLE VII PROVISIONS RELATING TO ALL BENEFITS
	 	 	19	 
	 
	 	 	 	 
	7.1 Effect of this Article
	 	 	19	 
	7.2 Termination of Employment
	 	 	19	 
	7.3 Forfeiture for Cause
	 	 	19	 
	7.4 Forfeiture for Competition
	 	 	20	 
	7.5 Restrictions on any Portion of Total Payments Determined to be Excess Parachute Payments
	 	 	21	 
	7.6 Claims Procedure
	 	 	21	 
	 
	 	 	 	 
	ARTICLE VIII ADMINISTRATION
	 	 	23	 
	 
	 	 	 	 
	8.1 Committee Appointment
	 	 	23	 
	8.2 Committee Organization and Voting
	 	 	23	 
	8.3 Powers of the Committee
	 	 	23	 
	8.4 Committee Discretion
	 	 	24	 
	8.5 Reimbursement of Expenses
	 	 	24	 
	8.6 Indemnification
	 	 	24	 
	 
	 	 	 	 
	ARTICLE IX ADOPTION BY SUBSIDIARIES
	 	 	25	 
	 
	 	 	 	 
	9.1 Procedure for and Status after Adoption
	 	 	25	 
	9.2 Termination of Participation by Adopting Subsidiary
	 	 	25	 
	 
	 	 	 	 
	ARTICLE X AMENDMENT AND/OR TERMINATION
	 	 	26	 
	10.1 Amendment or Termination of this Program
	 	 	26	 
	10.2 No Retroactive Effect on Awarded Benefits
	 	 	26	 
	10.3 Effect of Termination
	 	 	26	 
	 
	 	 	 	 
	ARTICLE XI FUNDING
	 	 	28	 
	 
	 	 	 	 
	11.1 Payments Under This Plan are the Obligation of the Company
	 	 	28	 
	11.2 Plan May Be Funded Through Life Insurance Owned by the Company or a Rabbi Trust
	 	 	28	 
	11.3 Reversion of Excess Assets
	 	 	28	 
	11.4 Participants Must Rely Only on General Credit of the Company
	 	 	29	 
	11.5 Funding of Benefits for Participants Subject to Canadian Income Tax Laws is Prohibited
	 	 	29	 
	 
	 	 	 	 
	ARTICLE XII MISCELLANEOUS
	 	 	30	 
	 
	 	 	 	 
	12.1 Responsibility for Distributions and Withholding of Taxes
	 	 	30	 
	12.2 Limitation of Rights
	 	 	30	 
	12.3 Benefits Dependent Upon Compliance with Certain Covenants
	 	 	30	 
	12.4 Distributions to Incompetents or Minors
	 	 	30	 
	12.5 Nonalienation of Benefits
	 	 	30	 
	12.6 Reliance upon Information
	 	 	31	 
	12.7 Amendment Applicable to Active Participants Only Unless it Provides Otherwise
	 	 	31	 
	12.8 Severability
	 	 	31	 
	 
	 	 	 	 
	12.9 Notice
	 	 	31	 
	12.10 Gender and Number
	 	 	31	 
	12.11 Governing Law
	 	 	31	 
	12.12 Effective Date
	 	 	31	 
	12.13 Compliance with Section 409A
	 	 	31	 

ii

 

SYSCO CORPORATION

MIP RETIREMENT PROGRAM

     WHEREAS, Sysco Corporation sponsors and maintains the Supplemental Executive Retirement Plan
(the “SERP”) to provide certain highly compensated management personnel a supplement to
their retirement pay so as to retain their loyalty and to offer a further incentive to them to
maintain and increase their standard of performance;

     WHEREAS, effective as of June 28, 2008, Sysco Corporation amended and restated the SERP to,
among other things, limit the category of future MIP participants eligible to participate in the
SERP in contemplation of the creation of a new non-qualified deferred compensation arrangement for
certain employees who become MIP participants after June 28, 2008;

     WHEREAS, Sysco Corporation desires to adopt the Sysco Corporation MIP Retirement Program, a
new non-qualified deferred compensation arrangement, to provide certain highly compensated
management personnel who become MIP participants after June 28, 2008 a supplement to their
retirement pay so as to retain their loyalty and to offer a further incentive to them to maintain
and increase their standard of performance.

     NOW, THEREFORE, Sysco Corporation hereby adopts the Sysco Corporation MIP Retirement Program,
effective as of June 29, 2008, as follows:

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ARTICLE I

DEFINITIONS

     1.1 401(k) Plan. “401(k) Plan” means the Sysco Corporation Employees 401(k) Plan, a
defined contribution plan qualified under Section 401(a) of the Code, any U.S. tax-qualified
defined contribution plan successor thereto and any other such plan sponsored by Sysco or a
Subsidiary.

     1.2 Accrued Benefit. “Accrued Benefit” shall have the meaning set forth in Section 4.2
of this Program.

     1.3 Active Participant. “Active Participant” means a Participant in the employ of the
Company who is not a Frozen Participant.

     1.4 Actuarial Equivalence or Actuarially Equivalent. “Actuarial Equivalence” shall be
determined on the basis of the mortality and interest rate assumptions used in computing annuity
benefits under the Pension Plan. If there is no Pension Plan in effect at the time any such
determination is made, the actuarial assumptions to be used shall be selected by an actuarial firm
chosen by the Committee. Such actuarial firm shall select such actuarial assumptions as would be
appropriate for the Pension Plan if the Pension Plan had remained in existence with its last
participant census. “Actuarially Equivalent” means equality in value of the aggregate amounts
expected to be received under different forms of payment based on the mortality and interest rate
assumptions specified for purposes of Actuarial Equivalence.

     1.5 Affiliate. “Affiliate” means any entity with respect to which Sysco beneficially
owns, directly or indirectly, at least 50% of the total voting power of the interests of such
entity and at least 50% of the total value of the interests of such entity.

     1.6 Annual Compensation Limit. “Annual Compensation Limit” shall have the meaning set
forth in Section 4.1(a) of this Program.

     1.7 Annuity. “Annuity” means a monthly annuity for the life of the Participant with a
ten (10) year certain period. Except as provided in Section 4.5 of this Program, a Participant’s
Vested Accrued Benefit and Retirement Benefit are expressed in the form of an Annuity.

     1.8 Beneficiary. “Beneficiary” means a person or entity designated by the Participant
under the terms of this Program to receive any amounts distributed under this Program upon the
death of the Participant.

     1.9 Benefit Commencement Date. “Benefit Commencement Date” means the first date the
Participant’s benefits are payable under Section 4.1(c) of this Program, without regard to any
delay under either Section 4.6 or Section 4.7 of this Program.

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     1.10 Board of Directors. “Board of Directors” means the Board of Directors of Sysco.

     1.11 Change of Control. “Change of Control” means the occurrence of one or more of
the following events:

          (a) The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3)
or 14(d)(2) of the Securities Act) (a “Person”) of beneficial ownership (within the meaning
of Rule 13d-3 promulgated under the Securities Act) of 20% or more of either (i) the
then-outstanding shares of Sysco common stock (the “Outstanding Sysco Common Stock”) or
(ii) the combined voting power of the then-outstanding voting securities of Sysco entitled to vote
generally in the election of directors (the “Outstanding Sysco Voting Securities”);
provided, however, that the following acquisitions shall not constitute a Change of Control: (1)
any acquisition directly from Sysco, (2) any acquisition by Sysco, (3) any acquisition by any
employee benefit plan (or related trust) sponsored or maintained by Sysco or any Affiliate, or (4)
any acquisition by any corporation pursuant to a transaction that complies with Sections (c)(i),
(c)(ii) and (c)(iii), below;

          (b) Individuals who, as of July 1, 2008, constitute the Board of Directors (the “Incumbent
Board”) cease for any reason to constitute at least a majority of the Board of Directors;
provided, however, that any individual becoming a director subsequent to July 1, 2008 whose
election, or nomination for election by Sysco’s stockholders, was approved by a vote of at least a
majority of the directors then comprising the Incumbent Board shall be considered as though such
individual were a member of the Incumbent Board, but excluding, for this purpose, any such
individual whose initial assumption of office occurs as a result of an actual or threatened
election contest with respect to the election or removal of directors or other actual or threatened
solicitation of proxies or consents by or on behalf of a Person other than the Board of Directors;

          (c) Consummation of a reorganization, merger, statutory share exchange or consolidation or
similar corporate transaction involving Sysco or any of its Affiliates, a sale or other disposition
of all or substantially all of the assets of Sysco, or the acquisition of assets or stock of
another entity by Sysco or any of its Affiliates (each, a “Business Combination”), in each
case unless, following such Business Combination, (i) all or substantially all of the individuals
and entities that were the beneficial owners of the Outstanding Sysco Common Stock and the
Outstanding Sysco Voting Securities immediately prior to such Business Combination beneficially
own, directly or indirectly, more than 60% of the then-outstanding shares of common stock and the
combined voting power of the then-outstanding voting securities entitled to vote generally in the
election of directors, as the case may be, of the corporation resulting from such Business
Combination (including, without limitation, a corporation that, as a result of such transaction,
owns Sysco or all or substantially all of Sysco’s assets either directly or through one or more
subsidiaries) in substantially the same proportions as their ownership immediately prior to such
Business Combination of the Outstanding Sysco Common Stock and the Outstanding Sysco Voting
Securities, as the case may be, (ii) no Person (excluding any corporation resulting from such
Business Combination or any employee benefit plan (or related trust) of Sysco or such corporation
resulting from such Business Combination) beneficially owns, directly or indirectly, 20% or more
of, respectively, the then-outstanding shares of common stock of the

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corporation resulting from such Business Combination or the combined voting power of the
then-outstanding voting securities of such corporation, except to the extent that such ownership
existed prior to the Business Combination, and (iii) at least a majority of the members of the
board of directors of the corporation resulting from such Business Combination were members of the
Incumbent Board at the time of the execution of the initial agreement or of the action of the Board
of Directors providing for such Business Combination; or

          (d) Approval by the stockholders of Sysco of a complete liquidation or dissolution of Sysco.

     1.12 Change of Control Period. “Change of Control Period” shall have the meaning set
forth in Section 7.3(d) of this Program.

     1.13 Code. “Code” means the Internal Revenue Code of 1986, as amended.

     1.14 Committee. “Committee” means the committee administering the Plan (including
this Program).

     1.15 Company. “Company” means Sysco and any Subsidiary other than a Non-Participating
Subsidiary.

     1.16 Compensation. “Compensation” shall have the meaning set forth in Section 4.1(a)
of this Program.

     1.17 Death Benefit Eligible Earnings. “Death Benefit Eligible Earnings” shall have
the meaning set forth in Section 6.1(a) of this Program.

     1.18 Deferred Retirement Benefit. “Deferred Retirement Benefit” shall have the
meaning set forth in Section 4.1(c) of this Program.

     1.19 Determination Date. “Determination Date” means the date as of which a
Participant’s Vested Accrued Benefit is calculated. The Determination Date for determining a
Participant’s Retirement Benefit under Article IV of this Program shall be the date of the
Participant’s Retirement or Vested Separation from Sysco and its Subsidiaries.

     1.20 EDCP. “EDCP” means the Sysco Corporation Executive Deferred Compensation Plan,
as it may be amended from time to time, and any successor plan thereto.

     1.21 Eligible Earnings. “Eligible Earnings” shall have the meaning set forth in
Section 4.1(b) of this Program.

     1.22 ERISA. “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended.

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     1.23 For Cause Event. “For Cause Event” shall have the meaning set forth in Section
7.3(a) of this Program.

     1.24 Frozen Participant. “Frozen Participant” shall have the meaning set forth in
Section 2.2 of this Program.

     1.25 Joint and Survivor Annuity. “Joint and Survivor Annuity” means a joint and
two-thirds survivor monthly annuity with a ten (10) year certain period that is the Actuarial
Equivalent of an Annuity. This annuity is payable during the joint lives of the Participant and
his spouse, and a monthly annuity shall continue for the life of the survivor in an amount equal to
two-thirds of the monthly amount provided during their joint lives. Notwithstanding the above,
during the ten (10) year certain period, there shall be no reduction in the amount of such payment
regardless of the death of either or both the Participant and his spouse.

     1.26 Management Incentive Plan or MIP. “Management Incentive Plan” or “MIP” means the
Sysco Corporation 2005 Management Incentive Plan, as amended and restated, as it may be amended
from time to time, and any successor plan thereto.

     1.27 Minimum Vested Accrued Benefit. “Minimum Vested Accrued Benefit” shall have the
meaning set forth in Section 10.2(a) of this Program.

     1.28 Non-Participating Subsidiary. “Non-Participating Subsidiary” means a Subsidiary
that has not adopted this Program pursuant to Article IX of this Program.

     1.29 Normal Retirement Date. “Normal Retirement Date” shall have the meaning set
forth in Section 4.1(d) of this Program.

     1.30 Participant. “Participant” means an employee of a Company who is eligible for
and is participating in this Program and any other current or former employee of Sysco and its
Subsidiaries who is entitled to a benefit under this Program. Unless otherwise specified herein,
references to a Participant or Participants shall include both Active Participants and Frozen
Participants.

     1.31 Pension Plan. “Pension Plan” means the Sysco Corporation Retirement Plan, a
defined benefit plan qualified under Section 401(a) of the Code, and any U.S. tax-qualified defined
benefit pension plan successor thereto.

     1.32 Plan. “Plan” means the Eighth Amended and Restated Sysco Corporation
Supplemental Executive Retirement Plan, as it may be amended from time to time. Unless otherwise
specified herein, references herein to the Plan shall refer to the Supplemental Executive
Retirement Plan only and not this Program.

5

 

     1.33 Plan Year. “Plan Year” means the period that coincides with the fiscal year of
Sysco. Sysco has a 52/53 week fiscal year beginning on the Sunday next following the Saturday
closest to June 30th of each calendar year.

     1.34 Program. “Program” means this Sysco Corporation MIP Retirement Program, which
constitutes Appendix I to the Eighth Amended and Restated Sysco Corporation Supplemental Executive
Retirement Plan, as it may be amended from time to time.

     1.35 Retired Participant. “Retired Participant” shall have the meaning set forth in
Section 6.1(b) of this Program.

     1.36 Retirement. “Retirement” shall have the meaning set forth in Section 4.1(e) of
this Program.

     1.37 Retirement Benefit. “Retirement Benefit” shall have the meaning set forth in
Section 4.1(f) of this Program.

     1.38 Section 125 Cafeteria Plan. “Section 125 Cafeteria Plan” means the Sysco
Corporation Pretax Premium and Reimbursement Account Plan, a “cafeteria plan” qualified under
Section 125 of the Code, any successor plan thereto and any other such plan maintained by Sysco or
a Subsidiary.

     1.39 Section 409A. “Section 409A” means Section 409A of the Code and any guidance
promulgated thereunder.

     1.40 Securities Act. “Securities Act” means the Securities Exchange Act of 1934, as
amended from time to time.

     1.41 Separation from Service. “Separation from Service” means a “separation from
service” within the meaning of Section 409A. A Participant shall have experienced a “separation
from service” as a result of a termination of employment if the level of bona fide services
performed by the Participant for Sysco or a Subsidiary decreases to a level equal to twenty-five
percent (25%) or less of the average level of services performed by the Participant during the
immediately preceding thirty-six (36) month period, taking into account any periods of performance
excluded by Section 409A.

     1.42 Specified Employee. “Specified Employee” means a “specified employee” as defined
in Section 409A (a)(2)(B)(i) of the Code. By way of clarification, a “specified employee” means a
“key employee” (as defined in Section 416(i) of the Code, disregarding Section 416(i)(5) of the
Code) of the Company. A Participant shall be treated as a key employee if he meets the
requirements of Section 416(i)(1)(A)(i), (ii), or (iii) of the Code (applied in accordance with the
Treasury Regulations thereunder and disregarding Section 416(i)(5) of the Code) at any time during
the twelve (12) month period ending on an Identification Date (as defined below). If a Participant
is a key employee as of an Identification Date, he shall be treated as a Specified Employee for the
twelve (12) month period

6

 

beginning on the first day of the fourth month following such Identification Date. For
purposes of any “Specified Employee” determination hereunder, the “Identification Date” shall mean
December 31. The Committee may in its discretion amend the Plan to change the Identification Date,
provided that any change to the Plan’s Identification Date shall not take effect for at least
twelve (12) months after the date of the Plan amendment authorizing such change.

     1.43 Subsidiary. “Subsidiary” means (a) any corporation which is a member of a
“controlled group of corporations” which includes Sysco, as defined in Section 414(b) of the Code,
(b) any trade or business under “common control” with Sysco, as defined in Section 414(c) of the
Code, (c) any organization which is a member of an “affiliated service group” which includes Sysco,
as defined in Section 414(m) of the Code, (d) any other entity required to be aggregated with Sysco
pursuant to Section 414(o) of the Code, and (e) any other organization or employment location
designated as a “Subsidiary” by resolution of the Board of Directors.

     1.44 Sysco. “Sysco” means Sysco Corporation, the sponsor of the Plan (including this
Program).

     1.45 Temporary Assignment. “Temporary Assignment” shall have the meaning set forth in
Section 2.2 of this Program.

     1.46 Three-Year Final Average Compensation. “Three-Year Final Average Compensation”
shall have the meaning set forth in Section 6.1(c) of this Program.

     1.47 Total Payments. “Total Payments” means all payments or benefits received or to
be received by a Participant in connection with a “change of control” (within the meaning of
Section 280G of the Code) of Sysco under the terms of this Program, the Plan or the EDCP, and in
connection with a change of control of Sysco under the terms of any stock option plan or any other
plan, arrangement or agreement with the Company, its successors, any person whose actions result in
a change of control or any person affiliated with the Company or who as a result of the completion
of transactions causing a change of control become affiliated with the Company within the meaning
of Section 1504 of the Code, taken collectively.

     1.48 Vested Accrued Benefit. “Vested Accrued Benefit” shall have the meaning set
forth in Section 4.3 of this Program.

     1.49 Vested Percentage. “Vested Percentage” shall mean the Participant’s vested
percentage determined in accordance with Article III of this Program.

     1.50 Vested Separated Participant. “Vested Separated Participant” shall have the
meaning set forth in Section 6.1(d) of this Program.

     1.51 Vested Separation. “Vested Separation” shall have the meaning set forth in
Section 4.1(g) of this Program.

     1.52 Vesting Service. “Vesting Service” means service with Sysco and its Subsidiaries
(including pre-acquisition service) for which a Participant is awarded “credited service” under the
Pension Plan for vesting purposes or would have been awarded credited service under the Pension
Plan for vesting purposes if the Participant were covered under the Pension Plan.

7

 

ARTICLE II

ELIGIBILITY & CONTINUED PARTICIPATION

     2.1 Initial Eligibility. Those individuals who first become MIP participants after
June 28, 2008, and who are not otherwise eligible to participate in the Plan, shall be eligible to
participate in this Program; provided however, that an otherwise eligible MIP participant shall not
participate in this Program if (a) the Subsidiary employing such Participant is a Non-Participating
Subsidiary; and/or (b) either the Committee, Sysco’s Chief Executive Officer or Sysco’s Chief
Operating Officer, in its/his sole discretion, otherwise excludes such MIP participant from
participating in this Program. If an otherwise eligible MIP participant was excluded from
participation in this Program by reason of clause (b), above, and subsequently becomes a
Participant in this Program by action of either the Committee, Sysco’s Chief Executive Officer or
Sysco’s Chief Operating Officer, the period over which such Participant shall accrue benefits and
the Participant’s Compensation (as defined in Section 4.1(a)) under this Program for such period,
shall be determined in the sole discretion of either the Committee, Sysco’s Chief Executive Officer
or Sysco’s Chief Operating Officer.

     2.2 Frozen Participation. An Active Participant shall have his participation frozen
(a “Frozen Participant”) as of the earliest of the date (i) he ceases to be a MIP
participant, (ii) he transfers from the Company to a Non-Participating Subsidiary; or (iii) unless
otherwise determined by the Committee, his income from Sysco or a Subsidiary becomes subject to
foreign tax laws. Notwithstanding the foregoing, if a Participant’s income from Sysco or a
Subsidiary becomes subject to Canadian income tax laws as a result of a transfer expected to last
less than five (5) years from the date of such transfer (a “Temporary Assignment”), such
Participant’s participation in this Program shall not be frozen (regardless of whether or not as a
result of such transfer the Participant is employed by a Non-Participating Subsidiary); provided
however, such Participant’s participation shall be frozen at such time as the Participant’s
transfer becomes permanent (regardless of whether or not the transfer becomes permanent before or
after the end of the five (5) year period referenced above). Article V of this Program sets forth
special rules that apply to Frozen Participants.

     2.3 Continued Participation Following Transfer to the Plan. If an Active Participant
subsequently becomes a participant in the Plan, such Participant shall continue to accrue benefits
subject to the terms of this Program.

     2.4 Benefits upon Re-Employment. If a Participant who, as a result of a Separation
from Service, is receiving distributions of his Retirement Benefit under this Program and is
subsequently re-employed by Sysco or a Subsidiary, the payment of the Participant’s Retirement
Benefit shall continue unchanged during his period of re-employment. The re-employed Participant’s
status shall remain that of a Retired Participant for all purposes under this Program and such
Participant shall accrue no additional benefits following re-employment.

8

 

ARTICLE III

VESTING

     3.1 Vesting. A Participant, while employed by Sysco or a Subsidiary, shall become
100% vested in his Accrued Benefit on the earliest to occur of:

          (a) the first date that the Participant is at least age fifty-five (55) and has at least ten
(10) years of Vesting Service;

          (b) the date that the Participant reaches age sixty-five (65); or

          (c) subject to Section 7.5 of this Program, upon a Change of Control.

     3.2 Committee Discretion. Notwithstanding Section 3.1 above, the Committee, in its
sole discretion, may grant a Participant vesting in his Accrued Benefit at any percentage not to
exceed 100%.

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ARTICLE IV

ACCRUED BENEFIT & RETIREMENT BENEFIT

     4.1 Definitions. The following definitions are used in this Article IV:

          (a) Compensation. “Compensation” means the following:

               (i) For a calendar year prior to the calendar year in which a Participant first becomes a MIP
participant, the Participant’s “eligible earnings,” as such term is defined in the Pension Plan
without regard to the Annual Compensation Limit. For purposes of this Program “Annual
Compensation Limit” shall mean the annual compensation limit under Section 401(a)(17) of the
Code and as described under Sections 1.06(d) and (e) of the Pension Plan.

               (ii) For a calendar year during which the Participant is, at any time, a MIP participant, the
sum of the Participant’s:

                    (A) base salary actually paid to the Participant during such calendar year, and including any
base salary deferred under any of the following: (x) the 401(k) Plan, (y) the Section 125 Cafeteria
Plan, and (z) the EDCP; and

                    (B) cash bonus earned by the Participant under the MIP, other than MIP Additional Bonuses (as
defined in the MIP), with respect to the fiscal year of Sysco ending in any such calendar year,
without regard to whether or not such MIP bonus was deferred under the EDCP; provided, however, the
amount of the MIP bonus included as Compensation for any calendar year shall not exceed 150% of the
Participant’s base salary determined under paragraph (ii)(A), above.

               (iii) Notwithstanding the foregoing, Compensation shall be disregarded, as applicable,
for periods:

                    (A) prior to July 2, 1989;

                    (B) prior to the Participant’s first date of hire by Sysco or its Subsidiaries or, if later,
the date of acquisition by Sysco of a Subsidiary for which the Participant then worked;

                    (C) during which a Participant is a Frozen Participant, except as provided in Section 5.3;

                    (D) for which Vesting Service is forfeited under the Pension Plan following a period of
severance; and

10

 

                    (E) in the case of an otherwise eligible MIP participant who was previously excluded from
participation in this Program by reason of Section 2.1(b) of this Program, during such periods as
either the Committee, Sysco’s Chief Executive Officer or Sysco’s Chief Operating Officer shall
determine in its/his sole discretion.

                    (F) unless otherwise determined by the Committee, during which a Participant’s income from
Sysco or a Subsidiary was subject to foreign tax laws. Notwithstanding the foregoing, a
Participant’s Compensation shall be excluded for periods during which his income from Sysco or a
Subsidiary was subject to Canadian tax laws, other than during periods in which such Participant
was on a Temporary Assignment.

          (b) Eligible Earnings. “Eligible Earnings” means the aggregate of the excess of a
Participant’s Compensation for each calendar year during the period such Participant is accruing
benefits under this Program over the Annual Compensation Limit with respect to each such calendar
year; provided, however, such Annual Compensation Limit shall be ignored for periods during which
the Participant did not accrue benefits under the Pension Plan and provided, further, the Annual
Compensation Limit shall be prorated for any short plan year under the Pension Plan.

          (c) Benefit Commencement Date. “Benefit Commencement Date” means the first day of the
month coinciding with or next following the date determined as follows: (i) if the Participant has
at least ten (10) years of Vesting Service as of the Participant’s actual Retirement or Vested
Separation date, the later of age fifty-five (55) or the Participant’s actual Retirement or Vested
Separation date; or (ii) the later of age sixty-five (65) or the Participant’s actual Retirement or
Vested Separation date. If a Participant’s Benefit Commencement Date is other than the first day
of the month coinciding with or next following the Participant’s actual Retirement or Vested
Separation date such Participant’s Retirement Benefit shall be referred to herein as a
“Deferred Retirement Benefit.”

          (d) Normal Retirement Date. “Normal Retirement Date” means the first day of the month
coincident with or next following the Participant’s sixty-fifth (65th) birthday or actual
Retirement date, whichever is later.

          (e) Retirement. “Retirement” means the Participant’s Separation from Service from
Sysco or its Subsidiaries other than for death, provided that at the time of such Separation from
Service, the Participant is (i) at least age fifty-five (55) and has at least ten (10) years of
Vesting Service; or (ii) at least age sixty-five (65).

          (f) Retirement Benefit. “Retirement Benefit” means the benefit paid to a Participant,
at the time(s) and in the amount determined under this Article IV, as a result of a Participant’s
Retirement or Vested Separation.

          (g) Vested Separation. “Vested Separation” means the Participant’s Separation from
Service from Sysco or its Subsidiaries, other than upon Retirement or death, if, at the time of the
Participant’s Separation from Service the Participant has a Vested Accrued Benefit.

11

 

     4.2 Accrued Benefit. “Accrued Benefit” means, as of any Determination Date, a monthly
benefit payable as of the Participant’s Normal Retirement Date equal to (a) one and one-half
percent (1.5%) times the Participant’s Eligible Earnings, divided by (b) twelve (12).

     4.3 Vested Accrued Benefit. “Vested Accrued Benefit” means, as of any Determination
Date, the Participant’s Vested Percentage multiplied by his Accrued Benefit.

     4.4 Retirement Benefit. A Participant shall be entitled to his Vested Accrued Benefit
commencing on his Benefit Commencement Date; provided, however, the Vested Accrued Benefit will be
reduced by 5/9ths of one percent (1%) for each of the first sixty (60) calendar months and 5/18ths
of one percent (1%) for each of the next sixty (60) calendar months by which the Benefit
Commencement Date precedes the Participant’s Normal Retirement Date.

     4.5 Form of Payment. If, at the time a Participant first becomes eligible to
participate in this Program, the Participant is: (i) not married, the Retirement Benefit will be
paid in the form of an Annuity; or (ii) married, the Retirement Benefit will be paid in the form of
a Joint and Survivor Annuity which is Actuarially Equivalent to the Annuity. Notwithstanding the
foregoing, at any time after a Participant’s Separation from Service but prior to the time any
annuity payment has been made to the Participant under this Program, the Committee may change the
form of payment of a Participant’s Retirement Benefit between an Annuity and a Joint and Survivor
Annuity based upon the marital status of such Participant as the date of such change, and such
change shall become immediately effective; provided that such change shall become effective only if
the Annuity and Joint and Survivor Annuity are “actuarially equivalent life annuities” within the
meaning of Section 409A.

     4.6 Administrative Delay. Except as required under Section 4.7, payment of the
Participant’s Retirement Benefit shall begin on the Benefit Commencement Date set forth in Section
4.5 or the first day of the month as soon as administratively practicable thereafter but in no
event later than the last day of the taxable year in which the Benefit Commencement Date occurs, or
if later within two and one-half (21/2) months of the Benefit Commencement Date, unless an exception
under Section 409A applies. The aggregate amount of any delayed payments, without interest, shall
be paid to the Participant on such delayed commencement date.

     4.7 Delay of Payments under Section 409A of the Code. Notwithstanding the above, the
distribution of a Retirement Benefit under Section
4.4 above to a Participant who is a Specified Employee shall not commence earlier than the
date that is six (6) months after the date of such Participant’s Retirement or Vested Separation if
such earlier commencement would result in the imposition of the excise tax under Section 409A. If
distributions to a Participant are so delayed, such distributions shall commence at the later of
(a) the first day of the month coincident with or next following the date that is six (6) months
after the Participant’s Retirement or Vested Separation; or (b) the Participant’s Benefit
Commencement Date. If a Participant’s distributions are delayed by reason of clause (a), above,
the aggregate amount of any such delayed payments, together with interest on such delayed payments
(calculated using the interest rate used for determining Actuarial Equivalence), shall be paid to
the Participant on such delayed commencement date.

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ARTICLE V

FROZEN PARTICIPATION

     5.1 In General. This Article V provides special rules that apply to a Participant who
is a Frozen Participant. To the extent that this Article V or other provisions of this Program do
not otherwise specify, such Participant shall be treated as any other Participant to the extent
necessary to implement this Article V.

     5.2 Frozen Participation.

          (a) Vesting Service and Age Credit. During the period of time during which his
participation is frozen, a Frozen Participant shall continue to be awarded Vesting Service and age
credit.

          (b) Eligible Earnings. Except as provided in Section 5.3 below, a Participant’s
Compensation during the period that such Participant is a Frozen Participant shall not be included
in the calculation of such Participant’s Eligible Earnings.

     5.3 Frozen Participation Deemed Active Participation. Except as otherwise provided in
this Section 5.3, for all purposes of this Program, a Frozen Participant shall be treated as if his
participation had never been frozen if: (a) he remains an employee of Sysco or its Subsidiaries
after his participation is frozen and subsequently becomes an Active Participant in this Program,
or (b) his participation is frozen after a Change of Control and he dies or is terminated from the
employ of Sysco or its Subsidiaries by the then management within four (4) years after that Change
of Control. Notwithstanding the foregoing, unless otherwise determined by the Committee in its
sole discretion, this Section 5.3 shall not apply to a Frozen Participant whose participation was
frozen by reason of his income from Sysco or a Subsidiary becoming subject to foreign tax laws.

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ARTICLE VI

DEATH BENEFIT

     6.1 Definitions. The following definitions are used in this Article VI:

          (a) Death Benefit Eligible Earnings. “Death Benefit Eligible Earnings” for a Plan Year
shall mean the sum of (i) the annual rate of the Participant’s base salary as of his last day of
employment during the applicable Plan Year, and (ii) the cash bonus earned by the Participant under
the MIP, other than MIP Additional Bonuses (as defined in the MIP), with respect to such Plan Year,
without regard to whether or not such MIP bonus was deferred under the EDCP.

          (b) Retired Participant. “Retired Participant” means a Participant (i) whose Benefit
Commencement Date has occurred but who has not yet received his first benefit payment hereunder or
(ii) who is receiving benefit payments hereunder.

          (c) Three-Year Final Average Compensation. “Three-Year Final Average Compensation”
means the annual average of the Participant’s Death Benefit Eligible Earnings for the three (3)
Plan Years (excluding those Plan Years in which the Participant does not have any Death Benefit
Eligible Earnings) ending immediately before or coincident with the Participant’s date of death.
Unless otherwise provided herein, the Plan Year in which the Participant was originally hired shall
be disregarded if he was hired after the first business day of such Plan Year. Similarly, the Plan
Year in which death occurs shall be disregarded if death occurs before the last business day of
such Plan Year. If the Participant does not have three (3) Plan Years of Death Benefit Eligible
Earnings, the Participant’s Three-Year Final Average Compensation shall be based on the annual
average of Death Benefit Eligible Earnings for the available Plan Years ending immediately before
or coincident with the Participant’s date of death. If all Plan Years have been excluded (i.e.
there are no “available” Plan Years), Three-Year Final Average Compensation shall mean the
Participant’s Death Benefit Eligible Earnings in the Plan Year in which he was originally hired.

          (d) Vested Separated Participant. “Vested Separated Participant” means a Participant
who is entitled to a Deferred Retirement Benefit and whose Benefit Commencement Date has not
occurred.

     6.2 Death of Active Participant Prior to Age 55. If an Active Participant dies prior
to attaining age fifty-five (55), such Participant’s spouse or other Beneficiary shall be entitled
to receive an annual death benefit for a period of ten (10) years with the first installment
commencing on the first day of the month coincident with or next following the Participant’s death.
Each of the remaining nine (9) installments shall be payable on the annual anniversary of the date
of such first payment. The amount of each installment of the annual death benefit shall equal
twenty-five percent (25%) of the Participant’s Three-Year Final Average Compensation. If an Active Participant also participates in the Plan
at the time of his death, such Participant shall be entitled to the death benefit provided under
the Plan and not this Program.

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     6.3 Death of Active Participant after Age 55. If an Active Participant dies after
attaining age fifty-five (55), such Participant’s spouse or other Beneficiary shall be entitled to
a monthly annuity payable for life with a ten (10) year certain period commencing on the first day
of the month coincident with or next following the Participant’s death. Such monthly annuity
shall be Actuarially Equivalent to the combined single-sum value of the death benefit under this
Program and the Plan, determined as follows:

          (a) Combined Value of Death Benefit under the Plan and this Program. The
combined single-sum value of the death benefit payable under this Program and the Plan
shall equal the greater of the Actuarially Equivalent single-sum value of:

               (i) the death benefit that would be payable under Section 6.2 of this Program if the age
condition did not apply, or

               (ii) the sum of (A) the Retirement Benefit that would have been payable under Section 4.4 of
this Program assuming the Participant had retired on his date of death (with applicable reductions
as provided under Section 4.4 of this Program even if the Participant was not eligible for
immediate commencement of a Retirement Benefit), and (B) in the case of an Active Participant who
also participates in the Plan, the retirement benefit under Section 6.3(a)(i)(B)(x) of the Plan or
the hypothetical immediate annuity under Section 6.3(a)(ii)(B)(x) of the Plan, as applicable.

          (b) Allocation of Death Benefit between Plan and this Program. If the Active
Participant also participates in the Plan at the time of his death and the resulting death benefit
equals the amount determined under Section 6.3(a)(i) above, the value of the death benefit under
Section 6.3(a)(i)(A) of the Plan shall be paid under the Plan and no additional death benefit shall
be paid under this Program. Otherwise, the value of the death benefit determined under Section
6.3(a)(ii)(A) of this Program shall be paid under this Program and the value of the death benefit
determined under Section 6.3(a)(ii)(B) of this Program shall be paid under the Plan.

     6.4 Death after a Change of Control that Occurs while an Active Participant . If a
Participant is (a) an Active Participant when a Change of Control occurs, (b) continues as an
Active Participant or becomes a Vested Separated Participant and (c) dies within four (4) years
following such Change of Control, a death benefit shall be payable to such Participant’s spouse or
other Beneficiary. The death benefit shall be determined under Section 6.2 or 6.3 of this Program,
as applicable, based on such Active or Vested Separated Participant’s age as of his date of death
and modified as follows:

          (a) Three-Year Final Average Compensation for purposes of Section 6.1(c) of this Program shall
be determined as of the Active Participant’s date of death or Vested Separated Participant’s
Retirement or Vested Separation date.

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          (b) The Determination Date of the Participant’s Retirement Benefit under Article IV of this
Program for purposes of Section 6.3 of this Program shall be the Active Participant’s date of death
or Vested Separated Participant’s Retirement or Vested Separation date.

     6.5 Death of Frozen Participant. If a Frozen Participant dies while in the employ of
Sysco or a Subsidiary prior to attaining age fifty-five (55), such Frozen Participant’s Beneficiary
shall not be entitled to a death benefit under this Program. If a Frozen Participant dies while in
the employ of Sysco or a Subsidiary on or after attaining age fifty-five (55) and such Frozen
Participant has a Vested Accrued Benefit, the Frozen Participant’s spouse or other Beneficiary
shall be entitled to a monthly annuity payable for life with a ten (10) year certain period
commencing on the first day of the month coincident with or next following the Frozen Participant’s
death. Such monthly annuity shall be Actuarially Equivalent to the single sum value of the
survivor’s benefit that would have been payable to the Participant’s spouse or other Beneficiary if
the Participant had begun receiving a hypothetical retirement benefit on his date of death. The
amount of such hypothetical retirement benefit shall equal the Participant’s Vested Accrued Benefit
as of his date of death, reduced, for the period by which the first payment of the death benefit
precedes the Participant’s Normal Retirement Date, by 5/9ths of one percent (1%) for each of the
first sixty (60) calendar months and 5/18ths of one percent (1%) for each of the next sixty (60)
calendar months, adjusted, as applicable, to take into account the form of payment of such
Participant’s Retirement Benefit under Section 4.5 of this Program. For purposes of determining the
amount of the survivor’s benefit under this Section 6.5, if a Participant’s Retirement Benefit was
to be paid in the form of a Joint and Survivor Annuity, and the Participant designated a
Beneficiary other than his spouse, his Beneficiary shall be substituted for the Participant’s
“spouse” for purposes of conversion to a Joint and Survivor Annuity.

     6.6 Death of Vested Separated Participant. Upon the death of a Vested Separated
Participant who was not a Frozen Participant as of his Retirement date or Vested Separation date,
such Participant’s spouse or other Beneficiary shall be entitled to a monthly annuity payable for
life with a ten (10) year certain period commencing on the first day of the month coincident with
or next following the Participant’s death. Subject to Section 6.4, such monthly annuity shall be
Actuarially Equivalent to the single sum value of the survivor’s benefit that would have been
payable to the Participant’s spouse or other Beneficiary if the Participant had begun receiving a
hypothetical retirement benefit on his date of death. The amount of such hypothetical retirement
benefit shall equal the Participant’s Vested Accrued Benefit as of his Retirement or Vested
Separation date, reduced, for the period by which the first payment of the death benefit precedes
the Participant’s Normal Retirement Date, by 5/9ths of one percent (1%) for each of the first sixty
(60) calendar months, 5/18ths of one percent (1%) for each of the next sixty (60) calendar months
and actuarially thereafter (using the assumptions for Actuarial Equivalence) , adjusted, as
applicable, to take into account the form
of payment of such Participant’s Retirement Benefit under Section 4.5 of this Program. For
purposes of determining the amount of the survivor’s benefit under this Section 6.6, if a
Participant’s Retirement Benefit was to be paid in the form of a Joint and Survivor Annuity, and
the Participant designated a Beneficiary other than his spouse, his Beneficiary shall be
substituted for the Participant’s “spouse” for purposes of conversion to a Joint and Survivor
Annuity.

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     6.7 Death of Retired Participant before or after Commencement of Benefits. If a
Retired Participant (a) dies before benefit payments begin and was not a Frozen Participant at the
time of Retirement or (b) dies after benefit payments begin, any death benefit that may be payable
hereunder is a function of the form of payment applicable to such Retired Participant (“Joint
and Survivor Annuity” or “Annuity” as provided under Section 4.5 of this Program), as
described below:

          (a) Joint and Survivor Annuity.

               (i) Death of Participant or Spouse during Ten (10) Year Certain Period. If either the
Participant or his spouse (but not both) dies before the first benefit payment or during the ten
(10) year certain period following the Benefit Commencement Date, the benefit amount payable during
their joint lives shall be paid to the survivor for the balance of the ten (10) year certain period
and then two-thirds (2/3rds) of that amount shall be paid to the survivor for life.

               (ii) Death of Both Participant and Spouse during Ten (10) Year Certain Period. If
both the Participant and his spouse die before the first benefit payment or during the ten (10)
year certain period following the Benefit Commencement Date, the benefit amount payable during
their joint lives shall be paid to the Participant’s Beneficiary for the balance of the ten (10)
year certain period.

               (iii) Cessation of Benefits. No further benefits are payable after the later of (A)
the deaths of the Participant and his spouse or (B) the end of the ten (10) year certain period.

               (iv) Spouse. For purposes of this Section 6.7(a), “spouse” refers to the
Participant’s spouse whose birth date was used in the calculation of the Joint and Survivor
Annuity, even if the Participant is married to a different individual at the time of the
Participant’s death.

          (b) Annuity.

               (i) Death of Participant during Ten (10) Year Certain Period. If the Participant dies
before the first benefit payment or during the ten (10) year certain period following the Benefit
Commencement Date, the benefit amount shall be paid to the Participant’s Beneficiary for the
balance of the ten (10) year certain period.

               (ii) Cessation of Benefits. No further benefits are payable after the later of (a)
the death of the Participant or (b) the end of the ten (10) year certain period.

     6.8 Administrative Delay. Death benefits shall commence as of the date set forth in
this Article VI or the first day of the month as soon as administratively practicable thereafter
but in any event within ninety (90) days of the Participant’s death. The aggregate amount of any
such delayed payments, without interest on such delayed payments, shall be paid to the Beneficiary
on such delayed commencement date.

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     6.9 Beneficiary Designation for Ten (10) Year Certain Period. A Beneficiary
designation shall be effective upon receipt by the Committee of a properly executed form which the
Committee has approved for that purpose, and shall remain in force until revoked or changed by the
Participant. The Participant may, prior to the commencement of benefits under the Plan, from time
to time, revoke or change any designation of Beneficiary by filing another approved Beneficiary
designation form with the Committee.

          (a) Upon entering the Plan, each Participant shall file with the Committee a designation of
one or more Beneficiaries to whom the death benefit provided by Sections 6.2, 6.3, 6.4, 6.5 and 6.6
of this Program shall be payable. Any Beneficiary designation by a married Participant who
designates any person or entity other than the Participant’s spouse shall be ineffective unless the
Participant’s spouse has indicated consent by completing and signing the applicable spousal consent
section of the approved Beneficiary designation form.

          (b) Upon Retirement or Vested Separation and prior to commencement of benefits under Article
IV of this Program, the Participant shall designate one or more Beneficiaries to receive the
remaining period certain payments, which designation shall be made and modified in accordance with
the procedures set forth in this Section 6.9. If the Participant does not designate one or more
Beneficiaries to receive the remaining period certain payments, the Beneficiaries designated by the
Participant upon entering the Plan shall be the Participant’s Beneficiaries for purposes of the
remaining period certain payments. A spouse of a Participant may not change the Beneficiaries
designated by the Participant, including the Beneficiaries to whom the remaining period certain
payments may be paid. Notwithstanding the preceding sentences of this Section 6.9(b), in the case
of a Joint and Survivor Annuity, a Beneficiary designation shall have no effect unless (i) the
Participant and the Participant’s spouse both die during the ten (10) year certain period and (ii)
if the Participant dies during the ten (10) year certain period and the Beneficiaries designated by
the Participant have predeceased the Participant or otherwise ceased to exist, the Participant’s
surviving spouse who is receiving the survivor benefit under the Joint and Survivor Annuity may
designate the Beneficiaries to receive any remaining guaranteed payments if the spouse should die
during the ten (10) year certain period.

          (c) If there is no valid Beneficiary designation on file with the Committee at the time of the
Participant’s death, or if all of the Beneficiaries designated in the last Beneficiary designation
have predeceased the
Participant or, in the case of an entity, otherwise ceased to exist, the Beneficiary shall be
the Participant’s spouse, if the spouse survives the Participant, or otherwise the Participant’s
estate. A Beneficiary who is an individual shall be deemed to have predeceased the Participant if
the Beneficiary dies within thirty (30) days of the date of the Participant’s death. If any
Beneficiary survives the Participant but dies or, in the case of an entity, otherwise ceases to
exist, before receiving all payments due under this Article VI, the balance of the payments that
would have been paid to that Beneficiary shall, unless the Participant’s Beneficiary designation
provides otherwise, be distributed to the deceased individual Beneficiary’s estate or, in the case
of an entity, to the Participant’s spouse, if the spouse survives the Participant, or otherwise to
the Participant’s estate.

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ARTICLE VII

PROVISIONS RELATING TO ALL BENEFITS

     7.1 Effect of this Article. The provisions of this Article shall control over all
other provisions of the Plan (including this Program).

     7.2 Termination of Employment. A Participant’s termination of employment for any
reason prior to the Participant’s vesting under Article III of this Program shall cause the
Participant and all his Beneficiaries to forfeit all interests in and under this Program, other
than any death benefit payable to such Participant’s Beneficiaries under Article VI of this
Program.

     7.3 Forfeiture for Cause.

          (a) Forfeiture on Account of Discharge. If the Committee finds, after full
consideration of the facts presented on behalf of Sysco or a Subsidiary and a former Participant,
that the Participant was discharged by Sysco or a Subsidiary for: (i) fraud, (ii) embezzlement,
(iii) theft, (iv) commission of a felony, (v) proven dishonesty in the course of his employment by
Sysco or a Subsidiary which damaged Sysco or a Subsidiary, or (vi) disclosing trade secrets of
Sysco or a Subsidiary ((i) through (vi) individually and collectively referred to as a “For
Cause Event”), the entire Vested Accrued Benefit of the Participant and/or his Beneficiaries
shall be forfeited.

          (b) Forfeiture after Commencement of Benefits. If the Committee finds, after full
consideration of the facts presented on behalf of Sysco or a Subsidiary and the former Participant,
that a former Participant who has begun receiving benefits under the Plan (including this Program)
engaged in a For Cause Event during his employment with Sysco or a Subsidiary (even though the
Participant was not discharged from Sysco or the Subsidiary for such a For Cause Event), the former
Participant’s and/or Beneficiaries’ remaining benefit payments under the Plan (including this
Program) shall be forfeited.

          (c) Committee Discretion. The decision of the Committee as to the existence of a For
Cause Event shall be final. No decision of the Committee shall affect the finality of the
discharge of the Participant by Sysco or the Subsidiary in any manner.

          (d) Special Rule for Change of Control. Notwithstanding the above, the forfeitures
created by Sections 7.3(a) and 7.3(b) above shall not apply to a Participant or former Participant
who: (i) is discharged during the Plan (including this Program) Year in which a Change of Control
occurs, or during the next three (3) succeeding Plan Years following the Plan Year in which a
Change of Controls occurs (the “Change of Control Period”) or (ii) during the Change of
Control Period is determined by the Committee to have engaged in a For Cause Event, unless
an arbitrator selected to review the Committee’s findings agrees with the Committee’s
determination to apply the forfeiture. The arbitration shall be governed by the provisions of
Section 7.6(e) of this Program.

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     7.4 Forfeiture for Competition. If, at the time a distribution is being made or is to
be made to a Participant, the Committee finds, after full consideration of the facts presented on
behalf of Sysco or a Subsidiary and the Participant, that the Participant has engaged in any of the
conduct set forth in this Section 7.4, the entire benefit remaining to be paid to the Participant
and/or his Beneficiaries shall be forfeited, even though it may have been previously vested under
any portion of the Plan (including this Program); provided, however, that this Section 7.4 shall
not apply to any Participant whose termination of employment from Sysco or a Subsidiary occurs
during a Change of Control Period. A forfeiture shall occur if, at any time after his termination
of employment from Sysco or a Subsidiary and while any remaining benefit is to be paid to the
Participant and/or his Beneficiaries under the Plan (including this Program), and without written
consent of Sysco’s Chief Executive Officer or General Counsel, the Participant:

          (a) either directly or indirectly owns, operates, manages, controls, or participates in the
ownership, management, operation, or control of, or is employed by, or is paid as a consultant or
other independent contractor by, a business which competes with any aspect of the business of Sysco
or a Subsidiary by which he was formerly employed (as the scope of Sysco’s or such Subsidiary’s
business is defined as of the date of Participant’s termination of employment) in a trade area
served by Sysco or the Subsidiary and in which the Participant directly or indirectly represented
Sysco or the Subsidiary while employed by it; and the Participant continues to be so engaged ten
(10) days after written notice has been given to him by or on behalf of Sysco or the Subsidiary;

          (b) either directly or indirectly owns, operates, manages, controls, or participates in the
ownership, management, operation, or control of, or is employed by, or is paid as a consultant or
other independent contractor by, a customer or supplier of Sysco or a Subsidiary by which he was
formerly employed and with whom the Participant dealt, either directly or indirectly through the
supervision of others, on behalf of Sysco or a Subsidiary by which he was formerly employed; and
the Participant continues to be so engaged ten (10) days after written notice has been given to him
by or on behalf of Sysco or the Subsidiary;

          (c) on behalf of a business which competes with Sysco or a Subsidiary by which he was formerly
employed, directly or indirectly markets, solicits or sells to any actual or prospective customer
of Sysco or a Subsidiary by which he was formerly employed and with whom the Participant dealt,
either directly or indirectly through the supervision of others, on behalf of Sysco or the
Subsidiary by which he was formerly employed;

          (d) on behalf of a business which competes with Sysco or a Subsidiary by which he was formerly
employed, directly or indirectly markets to, solicits or buys from any supplier of Sysco or a
Subsidiary by which he was formerly employed and with whom the Participant dealt, either directly
or indirectly through the supervision of others, on behalf of Sysco or the Subsidiary by which he
was formerly employed;

          (e) on behalf of a business which competes with Sysco or a Subsidiary by which he was formerly
employed, directly or indirectly solicits, offers employment to, hires or otherwise enters into a
consulting relationship with any employee of Sysco or any Subsidiary;

20

 

          (f) either (i) fails to return to Sysco or the Subsidiary by which he was formerly employed,
within ten (10) days of any request issued to the Participant, any and all trade secrets or
confidential information or any portion thereof and all materials relating thereto in his
possession, or (ii) fails to hold in confidence or reproduces, distributes, transmits, reverse
engineers, decompiles, disassembles, or transfers, directly or indirectly, in any form, by any
means, or for any purpose, any Sysco or Subsidiary trade secrets or confidential information or any
portion thereof or any materials relating thereto; or

          (g) makes any disparaging comments or accusations detrimental to the reputation, business, or
business relationships of Sysco (as reasonably determined by Sysco or a Subsidiary), and the
Participant fails to retract such comments or accusations within sixty (60) days after written
notice demanding such retraction has been provided to him by or on behalf of Sysco or the
Subsidiary.

     7.5 Restrictions on any Portion of Total Payments Determined to be Excess Parachute
Payments. In the event that any payment or benefit received or to be received by a Participant
in connection with a “change of control” (as defined in Section 280G of the Code and the
regulations thereunder) of Sysco would not be deductible, whether in whole or in part, by the
Company or any Affiliate, as a result of Section 280G of the Code, the benefits payable under this
Program shall first be reduced until no portion of the Total Payments is not deductible as a result
of Section 280G of the Code, or the benefits payable under this Program have been reduced to zero.
The reduction in benefits payable under this Program, if any, shall be determined by reducing the
Vested Percentage of the Participant’s Vested Accrued Benefit. If any further reduction is
necessary, the benefits payable under the Plan shall then be reduced under the terms of the Plan,
and then, if necessary, the benefits payable under the EDCP shall be reduced under the terms of
that plan. In determining the amount of the reduction, if any, under this Program: (a) no portion
of the Total Payments which the Participant has waived in writing prior to the date of the payment
of benefits under this Program shall be taken into account, (b) no portion of the Total Payments
which tax counsel, selected by the Company’s independent auditors and reasonably acceptable to the
Participant, determines not to constitute a “parachute payment” within the meaning of Section
280G(b)(2) of the Code shall be taken into account, (c) no portion of the Total Payments which tax
counsel, selected by the Company’s independent auditors and reasonably acceptable to the
Participant, determines to be reasonable compensation for services rendered within the meaning of
Section 280G(b)(4) of the Code shall be taken into account, and (d) the value of any non-cash
benefit or any deferred payment or benefit included in the Total Payments shall be determined by
the Company’s independent auditors in accordance with Sections 280G(d)(3) and (4) of the Code.
Notwithstanding anything herein or otherwise to the contrary, the Compensation and Stock Option
Committee of the Board of Directors, may, within its sole discretion and pursuant to an agreement
approved by the Compensation and Stock
Option Committee, waive application of this Section 7.5, when it determines that specific
situations warrant such action.

     7.6 Claims Procedure. Any person who believes that he or she is being denied a
benefit to which he or she is entitled under the Plan (including this Program) (referred to
hereinafter as a “Claimant”) must file a written request for such benefit with the
Committee; provided, however, that any claim involving entitlement to, the amount of or the method
or timing of payment of a benefit affected by a Change of Control shall be governed by mandatory

21

 

arbitration under Section 7.6(e) of this Program. Such written request must set forth the
Claimant’s claim and must be addressed to the Committee at the Company’s principal office.

          (a) Initial Claims Decision. The Committee shall generally provide written notice to
the Claimant of its decision within ninety (90) days after the claim is filed with the Committee;
provided, however, that the Committee may have up to an additional ninety (90) days to decide the
claim, if the Committee determines that special circumstances require an extension of time to
decide the claim, and the Committee advises the Claimant in writing of the need for an extension
(including an explanation of the special circumstances requiring the extension) and the date on
which it expects to decide the claim.

          (b) Appeals. A Claimant may appeal the Committee’s decision by submitting a written
request for review to the Committee within sixty (60) days after the earlier of receiving the
denial notice or after expiration of the initial review period. Such written request must be
addressed to the Committee at the Company’s principal office. In connection with such request, the
Claimant (and his or her authorized representative, if any) may review any pertinent documents upon
which the denial was based and may submit issues and comments in writing for consideration by the
Committee. If the Claimant’s request for review is not received within the earlier of sixty (60)
days after receipt of the denial or after expiration of the initial review period, the denial shall
be final, and the Claimant shall be barred and estopped from challenging the Committee’s
determination.

          (c) Decision Following Appeal. The Committee shall generally make its decision on the
Claimant’s appeal in writing within sixty (60) days following its receipt of the Claimant’s request
for appeal; provided, however, that the Committee may have up to an additional sixty (60) days to
decide the claim, if the Committee determines that special circumstances require an extension of
time to decide the claim and the Committee advises the Claimant in writing of the need for an
extension (including an explanation of the special circumstances requiring the extension) and the
date on which it expects to decide the claim. The Committee shall notify the Claimant of its
decision on the Claimant’s appeal in writing, regardless of whether the decision is adverse.

          (d) Decisions Final; Procedures Mandatory. A decision on appeal by the Committee
shall be binding and conclusive upon all persons, and completion of the claims procedures described
in this Section 7.6 shall be a precondition to commencement of mandatory and binding arbitration
set forth in Section 7.6(e) below. Notwithstanding the preceding sentence, the Committee may, in
its sole discretion, waive the procedures described
in Sections 7.6(a) through 7.6(c) of this Program as a precondition to mandatory and binding
arbitration set forth in Section 7.6(e) below.

          (e) Mandatory and Binding Arbitration. Any dispute that in any way relates to the
Plan (including this Program), including, without limitation, any benefit allegedly due under the
Plan (including this Program) or that is the subject of any forfeiture decision under the Plan
(including this Program), shall be submitted to mandatory and binding arbitration before the
American Arbitration Association (“AAA”), in accordance with the Employee Benefit Plan
Claims Arbitration Rules established by the AAA, at the sole and exclusive jurisdiction of the
AAA’s regional office for the State of Delaware. The arbitrator shall be selected by permitting
the Company and the Participant to strike one name each from a panel of three names obtained from
the AAA from its panel of Employee Benefit Plan Claims Arbitrators. The person whose name is
remaining shall be the arbitrator. The arbitrator shall determine the extent of discovery, if any,
that is needed to resolve the dispute after hearing the positions of each party regarding the need
for discovery. The arbitrator shall be bound to apply the laws of the State of Delaware to resolve
any dispute without regard for any conflict of law principles, as each Participant acknowledges
that the Company is organized under the laws of the State of Delaware. The decision of the
arbitrator shall be final and binding on both parties.

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ARTICLE VIII

ADMINISTRATION

     8.1 Committee Appointment. The Committee shall be appointed by the Board of Directors
or its designee. Each Committee member shall serve until his or her resignation or removal. The
Board of Directors, or its designee, shall have the sole discretion to remove any one or more
Committee members and appoint one or more replacement or additional Committee members from time to
time.

     8.2 Committee Organization and Voting. The organizational structure and voting
responsibilities of the Committee shall be as set forth in the bylaws of the Committee.

     8.3 Powers of the Committee. The Committee shall have the exclusive responsibility
for the general administration of the Plan (including this Program) according to the terms and
provisions of the Plan (including this Program) and shall have all powers necessary to accomplish
those purposes, including but not by way of limitation the right, power and authority:

          (a) to make rules and regulations for the administration of the Plan (including this Program);

          (b) to construe all terms, provisions, conditions and limitations of the Plan (including this
Program);

          (c) to correct any defect, supply any omission or reconcile any inconsistency that may appear
in the Plan (including this Program) in the manner and to the extent it deems expedient to carry
the Plan (including this Program) into effect for the greatest benefit of all parties at interest;

          (d) subject to Section 7.3(c) of this Program, to resolve all controversies relating to the
administration of the Plan (including this Program), including but not limited to:

               (i) differences of opinion arising between the Company and a Participant in accordance with
Sections 7.6(a) through 7.6(c) of this Program, except when the difference of opinion relates to
the entitlement to, the amount of or the method or timing of payment of a benefit affected by a
Change of Control, in which event, such difference of opinion shall be decided by mandatory and
binding arbitration under Section 7.6(e) of this Program; and

               (ii) any question it deems advisable to determine in order to promote the uniform
administration of the Plan (including this Program) for the benefit of all parties at interest; and

          (e) to delegate by written notice any plan administration duties of the Committee to such
individual members of the Committee, individual employees of the Company, or groups of employees of
the

23

 

Company, as the Committee determines to be necessary or advisable to properly administer the
Plan (including this Program). The Committee hereby expressly delegates to the Chief Executive
Officer and/or the Chief Operating Officer of Sysco the Committee’s discretionary authority with
respect to the following: (i) excluding an otherwise eligible MIP participant from participating
in this Program pursuant to Section 2.1 of this Program; and (ii) subsequently including an
otherwise eligible MIP participant described in clause (i), above, including determining the period
(if any) over which such previously excluded MIP participant will be eligible to accrue benefits
under this Program pursuant to Section 4.1(a)(iii)(E) of this Program; provided however, that the
Chief Executive Officer’s and Chief Operating Officer’s discretionary authority under this Program
shall not apply to the extent such decision is with respect to an executive officer of Sysco.

     8.4 Committee Discretion. The Committee has the sole power and authority to
administer the Plan (including this Program), and any decision made by, or action taken by, the
Committee in good faith shall be final and binding on all parties, subject to the provisions of
Sections 7.6(a) through 7.6(c) of this Program. Notwithstanding the foregoing, Committee decisions
or actions during the Change of Control Period are subject to mandatory and binding arbitration
pursuant to Section 7.6(e) of this Program.

     8.5 Reimbursement of Expenses. The Committee shall serve without compensation for
their services but shall be reimbursed by Sysco for all expenses properly and actually incurred in
the performance of their duties under the Plan (including this Program).

     8.6 Indemnification. To the extent permitted by law, members of the Board of
Directors, members of the Committee, employees of the Company, and all agents and representatives
of the Company shall be indemnified by the Company, and saved harmless against any claims resulting
from any action or conduct relating to the administration of the Plan (including this Program),
except claims arising from gross negligence, willful neglect or willful misconduct.

24

 

ARTICLE IX

ADOPTION BY SUBSIDIARIES

     9.1 Procedure for and Status after Adoption. Any Subsidiary may, with the approval of
the Committee, adopt this Program by appropriate action of its board of directors. The terms of
this Program shall apply separately to each Subsidiary adopting this Program and its Participants
in the same manner as is expressly provided for Sysco and its Participants except that the powers
of the Board of Directors and the Committee under this Program shall be exercised by the Board of
Directors of Sysco or the Committee, as applicable. Sysco and each Subsidiary adopting this Program
shall bear the cost of providing Program benefits for its own Participants. Sysco shall initially
pay the costs of the Program each Plan Year. However, each adopting Subsidiary shall then be
billed back for the actuarially determined costs pertaining to it in accordance with the
appropriate Financial Accounting Standards Board pronouncements. It is intended that the
obligation of Sysco and each Subsidiary with respect to its Participants shall be the sole
obligation of the Company that is employing the Participant and shall not bind any other Company.

     9.2 Termination of Participation by Adopting Subsidiary. Any Subsidiary adopting this
Program may, by appropriate action of its board of directors, terminate its participation in this
Program. The Committee may, in its sole discretion, also terminate a Subsidiary’s participation in
this Program at any time. The termination of the participation in this Program by a Subsidiary
shall not, however, affect the rights of any Participant who is working or has worked for the
Subsidiary as to benefits previously accrued by the Participant under this Program without his
consent.

25

 

ARTICLE X

AMENDMENT AND/OR TERMINATION

     10.1 Amendment or Termination of this Program. The Board of Directors, the Committee,
or their designees, may amend this Program at any time by an instrument in writing without the
consent of any adopting Company; provided, however, that authority to terminate this Program or to
make any amendment to this Program that would have a significant financial statement or benefit
impact on the Company shall be reserved to the Board of Directors or its designee. Notwithstanding
the foregoing, in no event shall the Board of Directors have the authority to terminate this
Program during the two (2) year period following a Change of Control.

     10.2 No Retroactive Effect on Awarded Benefits.

          (a) General Rule. Absent a Participant’s prior consent, no amendment to this Program
shall affect the rights of such Participant to his Vested Accrued Benefit as of the date of such
amendment (“Minimum Vested Accrued Benefit”) or shall change such Participant’s rights
under any provision relating to a Change of Control after a Change of Control has occurred.

          (b) Determination of Minimum Vested Accrued Benefit. For purposes of calculating a
Participant’s Minimum Vested Accrued Benefit as of the date of an amendment to this Program:

               (i) The Determination Date of the Vested Accrued Benefit under Section 4.3 of this Program
shall be the effective date of the amendment with the exception of the Vested Percentage, which
shall be determined as of the date of the distribution event.

               (ii) On and after the effective date of such amendment, for purposes of vesting under Article
III of this Program and the Benefit Commencement Date under Section 4.1(c) of this Program, a
Participant shall continue to be awarded years of Vesting Service and age credit until such
Participant’s termination of employment with Sysco and its Subsidiaries.

          (c) Benefits on or after the Amendment. Notwithstanding the provisions of this
Section 10.2, the Board of Directors retains the right at any time to (i) change in any manner or
to discontinue the death benefit provided in Article VI of this Program, except during the four (4)
year period following a Change of Control for those persons who at that time were covered by the
death benefit, and (ii) to change in any manner the benefit under Article IV of this Program,
provided such benefit is not less than the Minimum Vested Accrued Benefit as of the date of any
such amendment.

     10.3 Effect of Termination. Upon termination of this Program, the following provisions
shall apply:

          (a) With respect to benefits that become payable as a result of a distribution event on or
after the effective date of this Program’s termination, a Participant’s: (i) Compensation after the
earlier of the date

26

 

specified in Section 4.1(d) of this Program or the date of this Program’s
termination shall not be included in determining the Participant’s Eligible Earnings; and (ii)
Three-Year Final Average Compensation under Article VI of this Program shall be determined as of
the earlier of the date specified under Section 6.1(c) of this Program or the date of this
Program’s termination.

          (b) The Board of Directors or its designee may, in its sole discretion, authorize
distributions to Participants as a result of this Program’s termination, provided all of the
following conditions are satisfied:

               (i) All deferred compensation arrangements sponsored by the Company that would be aggregated
with the this Program (which may include the Program) under Section 1.409A-1(c) of the Treasury
Regulations (or any corresponding provision of succeeding law) if the Participant participated in
such arrangements are terminated;

               (ii) No distributions other than distributions that would be payable under the terms of this
Program if the termination had not occurred are made within twelve (12) months of the termination
of this Program;

               (iii) All distributions of all benefits to be provided hereunder are paid within twenty-four
(24) months of the termination of this Program; and

               (iv) The Company does not adopt a new deferred compensation arrangement at any time within
three (3) years following the date of the termination of this Program that would be aggregated with
this Program under Section 1.409A-1(c) of the Treasury Regulations (or any corresponding provision
of succeeding law) if the Participant participated in this Program and the new arrangement.

          (c) Except as otherwise provided in Section 10.3(a) and 10.3(b) above, on and after the
effective date of this Program’s termination, (i) this Program shall continue to be administered as
it was prior to this Program’s termination, (ii) all retirement benefits accrued prior to the date
of termination shall be payable only under the conditions, at the time, and in the form then
provided in this Program, (iii) no Participant shall be entitled to Program benefits solely as a
result of this Program’s termination in accordance with the provisions of this Article X, and (iv)
the forfeiture provisions of Sections 7.3 and 7.4 of this Program, and the restrictions set forth
in Section 7.5 of this Program shall continue in effect.

27

 

ARTICLE XI

FUNDING

     11.1 Payments Under The Plan (including this Program) are the Obligation of the
Company. The Company last employing a Participant shall pay the benefits due the Participants
under the Plan (including this Program); however, should it fail to do so when a benefit is due,
then, except as provided in Section 11.5, the benefit shall be paid by the trustee of that certain
trust agreement by and between the Company and JPMorgan Chase Bank, with respect to the funding of
the Plan (including this Program). In any event, if the trust fails to pay for any reason, the
Company still remains liable for the payment of all benefits provided by the Plan (including this
Program).

     11.2 Plan May Be Funded Through Life Insurance Owned by the Company or a Rabbi Trust.
It is specifically recognized by both the Company and the Participants that the Company may, but is
not required to, purchase life insurance so as to accumulate assets to fund the obligations of the
Company under the Plan (including this Program), and that the Company may, but is not required to
contribute any policy or policies it may purchase and any amount it finds desirable to a trust
established to accumulate assets sufficient to fund the obligations of all of the Companies under
the Plan (including this Program). However, under all circumstances, the Participants shall have
no rights to any of those policies; and, likewise, under all circumstances, the rights of the
Participants to the assets held in the trust shall be no greater than the rights expressed in the
Plan (including this Program) and the trust agreement. Nothing contained in the trust agreement
which creates the funding trust shall constitute a guarantee by any Company that assets of the
Company transferred to the trust shall be sufficient to pay any benefits under the Plan (including
this Program) or would place the Participant in a secured position ahead of general creditors
should the Company become insolvent or bankrupt. Any trust agreement prepared to fund the
Company’s obligations under the Plan (including this Program) must specifically set out these
principles so it is clear in that trust agreement that the Participants in the Plan (including this
Program) are only unsecured general creditors of the Company in relation to their benefits under
the Plan (including this Program).

     11.3 Reversion of Excess Assets. Any Company may, at any time, request the actuary,
who last performed the annual actuarial valuation of the Pension Plan, to determine the present
value of the Vested Accrued Benefit assuming the Vested Accrued Benefit to be fully vested (whether
it is or not), as of the end of the Plan Year coincident with or last preceding the request, of all
Participants and Beneficiaries of deceased Participants for which all Companies are or will be
obligated to make payments under the Plan (including this Program). If the fair market value of
the assets held in the trust, as determined by the Trustee as of that same date, exceeds the total
of the Vested Accrued Benefits of all Participants and Beneficiaries under the Plan (including this
Program) by 25%, any Company may direct the trustee to return to such Company its proportionate
part of the assets which are in excess of 125% of the Vested Accrued Benefits under the Plan
(including this Program). Each Company’s share of the excess assets shall be the Participants’
present value of the Vested Accrued Benefit under the Plan (including this Program) earned while in
the employ of that Company as compared to the total of the present value of the Vested Accrued
Benefits earned by all Participants under the Plan (including this Program) times the excess
assets. For this purpose,

28

 

the present value of the Vested Accrued Benefit under the Plan
(including this Program) shall be calculated using the data for the preceding Plan Year brought
forward using the assumptions used to determine the actuarially determined costs according to the
appropriate Financial Accounting Standards Board pronouncements. If there has been a Change of
Control, to determine excess assets, all contributions made prior to the Change of Control shall be
subtracted from the fair market value of the assets held in the trust as of the determination date
but before the determination is made.

     11.4 Participants Must Rely Only on General Credit of the Company. The Company and
the Participants recognize that the Plan (including this Program) is only a general corporate
commitment, and that each Participant is merely an unsecured general creditor of the Company with
respect to any of the Company’s obligations under the Plan (including this Program), even if the
Company establishes a rabbi trust to fund all or a part of its obligations under the Plan
(including this Program).

     11.5 Funding of Benefits for Participants Subject to Canadian Income Tax Laws is
Prohibited. No Company employing a Participant whose income is subject to the Canadian tax
laws shall be permitted to fund its obligation to that person through any rabbi trust, fund,
sinking fund, or other financial vehicle even though under applicable law the assets held to fund
the obligation are still subject to the general creditors of the Company.

29

 

ARTICLE XII

MISCELLANEOUS

     12.1 Responsibility for Distributions and Withholding of Taxes. The Committee shall
furnish information, to the Company last employing the Participant, concerning the amount and form
of distribution to any Participant entitled to a distribution so that the Company may make or cause
the Rabbi Trust to make the distribution required. The Committee shall also calculate the
deductions from the amount of the benefit paid under the Plan (including this Program) for any
taxes required to be withheld by federal, state, local, or foreign government and shall cause them
to be withheld.

     12.2 Limitation of Rights. Nothing in the Plan (including this Program) shall be
construed:

          (a) to give a Participant any right with respect to any benefit except in accordance with the
terms of the Plan (including this Program);

          (b) to limit in any way the right of Sysco or a Subsidiary to terminate a Participant’s
employment;

          (c) to evidence any agreement or understanding, expressed or implied, that Sysco or a
Subsidiary shall employ a Participant in any particular position or for any particular
remuneration; or

          (d) to give a Participant or any other person claiming through him any interest or right under
the Plan (including this Program) other than that of any unsecured general creditor of the Company.

     12.3 Benefits Dependent Upon Compliance with Certain Covenants. The benefits
provided to a Participant under this Program by the Company are dependent upon the Participant’s
full compliance with the covenants set forth in Section 7.4 of this Program.

     12.4 Distributions to Incompetents or Minors. Should a Participant become incompetent
or should a Participant designate a Beneficiary who is a minor or incompetent, the Committee is
authorized to pay the funds due to the parent of the minor or to the guardian of the minor or
incompetent or directly to the minor or to apply those funds for the benefit of the minor or
incompetent in any manner the Committee determines in its sole discretion.

     12.5 Nonalienation of Benefits. No right or benefit provided under the Plan
(including this Program) is subject to transfer, anticipation, alienation, sale, assignment,
pledge, encumbrance or charge by the Participant, except upon his death to a named Beneficiary as
provided in the Plan (including this Program). If any Participant or any Beneficiary becomes
bankrupt or attempts to anticipate, alienate, sell, assign, pledge, encumber or charge any right or
benefit under the Plan (including this Program), that right or benefit shall, in the discretion of
the Committee, be forfeited. In that event, the Committee may have the Company hold or apply the
right or benefit or any part of it to the benefit of the Participant or Beneficiary, his or her
spouse, children or other dependents or any

30

 

of them in any manner and in any proportion the
Committee believes to be proper in its sole and absolute discretion, but is not required to do so.

     12.6 Reliance upon Information. The Committee shall not be liable for any decision
or action taken in good faith in connection with the administration of the Plan (including this
Program). Without limiting the generality of the foregoing, any decision or action taken by the
Committee when it relies upon information supplied it by any officer of the Company, the Company’s
legal counsel, the Company’s actuary, the Company’s independent accountants or other advisors in
connection with the administration of the Plan (including this Program) shall be deemed to have
been taken in good faith.

     12.7 Amendment Applicable to Active Participants Only Unless it Provides Otherwise.
No benefit which has accrued to any Participant who has died, retired, become disabled or separated
or who is a Frozen Participant prior to the execution of an amendment shall be changed in amount or
subject to any adjustment provided in that amendment unless the amendment specifically provides
that it shall apply to those persons and it does not have the effect of reducing those persons’
Vested Accrued Benefits as then fixed without their consent.

     12.8 Severability. If any term, provision, covenant or condition of the Plan
(including this Program) is held to be invalid, void or otherwise unenforceable, the rest of the
Plan (including this Program) shall remain in full force and effect and shall in no way be
affected, impaired, or invalidated.

     12.9 Notice. Any notice or filing required or permitted to be given to the Committee
or a Participant shall be sufficient if in writing and hand delivered or sent by U.S. mail to the
principal office of the Company or to the residential mailing address of the Participant. Notice
shall be deemed to be given as of the date of hand delivery or if delivery is by mail, as of the
date shown on the postmark.

     12.10 Gender and Number. If the context requires it, words of one gender when used in
the Plan (including this Program) shall include the other genders, and words used in the singular
or plural shall include the other.

     12.11 Governing Law. The Plan (including this Program) shall be construed,
administered and governed in all respects by the laws of the State of Delaware. Consistent with
Section 7.6(e) of this Program, the Participant and the Company agree that subject to the
provisions of Sections 7.6(a) through 7.6(c) of this Program, the sole and exclusive jurisdiction
for any dispute under this
Program shall lie with the AAA’s regional office for the State of Delaware, and the parties
hereby waive any jurisdictional or venue-related defense to conducting arbitration at this
location.

     12.12 Effective Date. This Program is effective as of June 29, 2008.

     12.13 Compliance with Section 409A. The Plan (including this Program) is intended to
comply with Section 409A of the Code in both form and operation, and any ambiguities herein shall
be interpreted, to the extent possible, in a manner that complies with Section 409A of the Code.

31

 

     IN WITNESS WHEREOF, Sysco has executed this document on this December 16th 2008, effective as
of June 29, 2008.

	 	 	 	 	 	 	 	 	 
	 	 	 	 	SYSCO CORPORATION	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:

Name:
	 	/s/ Michael C. Nichols
 

Michael C. Nichols
	 	 
	 

	 	 	 	Title:
	 	Sr. VP, General Counsel and Secretary	 	 

32

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