Document:

Exhibit 10.3(b)(4)

		
			Exhibit 10.3(b)(4)
		

		
			 
		

		
			BROWN SHOE COMPANY, INC.
		

		
			INCENTIVE AND STOCK COMPENSATION PLAN OF 2011
		

		
			PERFORMANCE AWARD AGREEMENT
		

		
			 
		

		
			THIS AWARD AGREEMENT, effective March 18, 2014, represents the grant of both Performance Units ("Performance Units") and a Cash-Based Award ("Cash-Based Award") (collectively, the "Award") by Brown Shoe Company, Inc. ("Company") to the Participant named below, who has been selected by the Compensation Committee of the Company's Board of Directors (the "Committee") to receive the Award with respect to the Performance Periods set forth below under the Company’s Incentive and Stock Compensation Plan of 2011 (the "Plan").  Subject to the key terms set forth below and the attached General Terms and Conditions (dated as of March 14, 2013), all of which constitute part of this Agreement, this Award provides:
		

		
			 
		

		
			Participant:
		

		
			 
		

		
			Performance Award, being a combination of the 
		

		
			 
		

		
			Number of Performance Units:
		

		
			 
		

		
			Form of Payment:  cash equivalent of the mark-to-market value of Company stock upon payout
		

		
			 
		

		
			Amount of Cash-Based Award:  $
		

		
			 
		

		
			Form of Payment:  cash
		

		
			 
		

		
			Performance Cycle:  The Company’s Fiscal Years 2014 through 2016
		

		
			 
		

		
			Performance Periods:  Four distinct performance periods:  fiscal 2014, fiscal 2015, fiscal 2016 and the three-year period of fiscal 2014 - 2016 with one-fourth of the target award allocated to each of fiscal 2014, fiscal 2015, fiscal 2016 and the three-year period of fiscal 2014 - 2016
		

		
			 
		

		
			Performance:  As approved by the Committee
		

		
			 
		

		
			Minimum Performance Level:  As approved by the Committee
		

		
			 
		

		
			Maximum Award Value:  200% of Target Award
		

		
			 
		

		
			IN WITNESS WHEREOF, the parties have caused this Agreement to be executed effective as of the last date written below.
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						BROWN SHOE COMPANY, INC.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						Sarah E. Stephenson

				

		 

 

			
					
						 

					
					
						Vice President, Total Rewards

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						Date:

				

		
			Accepted: ___________________
		

		
			Participant Signature
		

		
			Date: ______________________
		

		

		

		 

 

		Brown Shoe Company, Inc.
		

		
			 
		

		
			PERFORMANCE AWARD 2014 to 2016
		

		
			General Terms and Conditions (as of March 14, 2013)
		

		
			 
		

		
			 
		

		
			The parties hereto agree as follows:
		

		
			 
		

		
			1.   Performance Period(s).  The Performance Period(s) shall be as specified on the executed cover page of this Award.
		

		
			 
		

		
			2.   Value of Award.  The Award shall represent and have a Maximum Award Value as specified on the executed cover page of this Award.
		

		
			 
		

		
			3.    Earning the Award; Certification of Performance and Percent Earned.  The Award shall be “earned” following the end of the Performance Period, as of the date the Committee shall determine and certify: (a) whether the Minimum Performance Level (as set forth on Attachment A) has been satisfied; (b) and if so, the percent of the Award that has been earned in accordance with the Performance Payoff Profile (as set forth on Attachment A) (the “Percent Earned”), but in no event  more than the Maximum Award Value; and provided that the determinations pursuant to (a) and (b) shall be subject to the Committee’s right to exercise its discretion to reduce the Company’s level of performance based on the quality of earnings.  All calculations as to the Performance Measures shall be subject to the Committee’s right, pursuant to Section 14.2 of the Plan, to make adjustments for unusual or nonrecurring events.  
		

		
			 
		

		
			4.   Amount Payable and Payment of the Award.  
		

		
			 
		

		
			(a)   Unless this Award is sooner terminated in accordance with Section 5, an earned Award (as provided in Section 3) shall be payable within sixty (60) days following completion of the Performance Cycle.  Subject to Section 5(b) and in accordance with Section 5(c), this Award shall not be payable and shall be forfeited if Participant terminates employment with the Company prior to the date that the Award payment is made to the Participant.  
		

		
			 
		

		
			(b)   The amount payable to the Participant shall be determined by multiplying the Percent Earned by the Target Award specified on Attachment A, subject to the Committee’s right to exercise discretion as provided in Section 3. 
		

		
			 
		

		
			(c)   Unless otherwise specified on the executed cover page of this Award, payment of the earned Performance Units shall be made in cash equivalent to the Fair Market Value of a number of the Company’s Shares equal to the number of Performance Units at time of payout, and payment of the earned Cash-Based Award shall be made in cash.  
		

		
			 
		

		
			5.   Termination Provisions.  
		

		
			 
		

		
			(a)   If, pursuant to Section 3, the Committee certifies that the Minimum Performance Level has not been achieved, this Award shall immediately terminate and no longer be of any effect.  
		

		
			 
		

		
			(b)   If Participant’s employment is terminated during the Performance Period by reason of death, Disability, Retirement or Early Retirement, the Committee, in its sole discretion, shall determine whether the Participant (or Participant’s beneficiary in the event of death) shall be eligible to receive any payment under this Award.  If payment of this Award is approved by the Committee, such payment shall be pro-rated based on the number of full months of continued active employment by Participant during the Performance Cycle as a percent of the total number of months in the Performance Cycle; the amount payable shall be based on the Percent Earned; and payment shall be made pursuant to Section 4 at the same time as payment of other awards for the same Performance Cycle are made to other eligible participants who did not terminate employment during the Performance Cycle.  Notwithstanding the foregoing, in the event of Participant’s termination due to death or Disability, if approved by the Committee, such pro-rated payment may be made prior to expiration of the Performance Cycle, with calculation of and timing of the payment amount to be determined by the Committee.
		

		
			 
		

		
			(c)   Except as provided in subsection 5(b), a Participant shall be eligible for payment of the earned Award, as specified in Section 3, only if the Participant remains continuously employed by the Company from the date of this Agreement, through the end of the Performance Cycle and continuing thereafter until the date the Awards is actually paid.
		

		
			6.   Dividends.  The Participant shall have no right to any dividends that may be paid with respect to Shares until any such shares are vested.
		

		
			 
		

		
			7.   Change in Control.  If a Participant is employed by the Company on the date of a Change in Control, subject to Article 13 of the Plan, unless otherwise specifically prohibited under applicable laws, or by the rules and regulations of any governing governmental agencies or national securities exchange, the Award shall be deemed to have been fully earned for the entire Performance Cycle and fully vested as of the effective date of the Change in Control; and based upon an assumed achievement of all relevant targeted performance goals, the Award shall be payable in the amounts or at the level provided by the above-referenced provisions of the Plan within thirty (30) days following the effective date of the Change in Control.  
		

		
			 
		

		
			8.   Recapitalization.  Subject to Section 4.2 of the Plan, in the event that there is any change in corporate capitalization, such as a stock split, or a corporate transaction, such as any merger, consolidation, separation including a spin-off, or other distribution of stock or property of the Company, any reorganization (whether or not such reorganization comes within the definition of such term in Code 368) or any partial or complete liquidation of the Company, such adjustment shall be made in the number and class and/or price of the Company’s Shares subject to this Award, as may be determined to be appropriate and equitable by the Committee, in its sole discretion, to prevent dilution or enlargement of rights; provided, however, that the number of Performance Units subject to this Award shall always be a whole number.
		

		
			 
		

		
			9.   Tax Withholding.  The Committee shall have the power and the right to deduct or withhold, or require the Participant or beneficiary to remit to the Company, an amount sufficient to satisfy Federal, state, and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of the Award.  In satisfaction of such requirements, subject to the approval of the Committee, the Participant may elect, within an election period specified by the Company, to satisfy the withholding requirement, in whole or in part, by having the Company withhold from the payment of the Award: (a) Shares having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax which could be withheld on the transaction (“Withholding Amount”) from that portion of the Award that is payable in Shares, if any; and/or (b) cash equal to the Withholding Amount from that portion of the Award that is payable in cash, if any; or (c) a combination of (a) and (b).  All such elections shall be irrevocable, made in writing, signed by the Participant, and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems appropriate.
		

		
			 
		

		
			10.  Clawback.  Any payouts will be subject to recovery if it is determined that the Participant personally and knowingly engaged in practices that materially contributed to the circumstances that led to the restatement of the Company’s financial statements.  
		

		
			 
		

		
			11.  Nontransferability.  This Agreement as well as the rights granted thereunder may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution.  
		

		
			 
		

		
			12.  Administration.  
		

		
			 
		

		
			(a)   This Award and the rights of the Participant hereunder are subject to all terms and conditions of the Plan, as the same may be amended from time to time, as well as to such rules and regulations as the Committee may adopt for administration of the Plan.  It is expressly understood that the Committee is authorized to administer, construe, and make all determinations necessary or appropriate to the administration of the Plan and this Agreement, all of which shall be binding upon the Participant.  
		

		
			 
		

		
			(b)   If there is any inconsistency between the terms of this Award and the terms of the Plan, the Plan’s terms shall completely supersede and replace the conflicting terms of this Agreement.  All capitalized terms shall have the meanings ascribed to them in the Plan, unless specifically set forth otherwise herein.  
		

		
			 
		

		
			13.  Miscellaneous
		

		
			 
		

		
			(a)   This Agreement shall not confer upon the Participant any right to continuation of employment by the Company, nor shall this Agreement interfere in any way with the Company’s right to terminate his or her employment at any time.
		

		
			 
		

		
			(b)   The Committee and/or the Company’s Board of Directors may terminate, amend, or modify the Plan; provided, however, that no such termination, amendment, or modification of the Plan may in any way adversely affect the Participant’s rights under this Agreement without the Participant’s written consent.
		

		
			 
		

		
			(c)   This Agreement shall be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required.
		

		
			 
		

		
			(d)   To the extent not preempted by Federal law, this Agreement shall be construed in accordance with and governed by the substantive laws of the State of Missouri without regard to conflicts of laws principles, which might otherwise apply.  Any litigation arising out of, in connection with, or concerning any aspect of the Plan or this Agreement shall be conducted exclusively in the State or Federal courts in Missouri.CAG-2-23-2014-10Q3 Ex10.1

Exhibit 10.1

AMENDMENT FIVE
CONAGRA FOODS, INC. AMENDED AND RESTATED
VOLUNTARY DEFERRED COMPENSATION PLAN
(January 1, 2009 Restatement)
This Amendment Five to the ConAgra Foods, Inc. Amended and Restated Voluntary Deferred Compensation Plan (the “Plan”) is adopted by ConAgra Foods, Inc. (the “Company”) and is effective on 16th day of September, 2013.
RECITALS
1.      Initial capitalized terms that are not otherwise defined herein shall have the meaning ascribed to such terms in the Plan.
2.    The Company desires to amend the Plan to exclude employees on U.S. payroll who are expatriates in countries other than the U.S. and to correct a gap in participation by new hires who were not offered the chance to elect deferrals in the VDC program because their hire date fell during a time when they were not eligible for the enrollment window, but before December 31.  
AMENDMENT
1.    Paragraph 1 of Article II is deleted in its entirety, and replaced with the paragraph below:

ELIGIBLE EMPLOYEES

Compensation Deferral Contributions may be made by those employees of the Employer who either have been selected by, and at the sole and absolute discretion of, the HR Committee, or who are both categorized by the Company or a Related Company as a grade level 23 or higher, and who have an annual base salary that equals or exceeds one hundred twenty five thousand dollars ($125,000.00), but excludes employees whose compensation is paid from the Employer’s U.S. payroll and who perform work in a location outside of the U.S.  Notwithstanding the foregoing, any Participant who made compensation Deferral Contributions during 2009 may continue to make  compensation Deferral Contributions for each Plan Year beginning after 2009, provided that such Participant’s annual base salary equals or exceeds one hundred twenty five thousand dollars ($125,000.00) as of the first day of the  applicable Plan Year, and any Participant who has a balance in the Plan as of December 31, 2009, may remain a Participant with respect to such balance and any earnings or losses thereon. The Committee may increase from time to time the required grade level and/or base salary amount, and the Committee may amend the Plan accordingly, all without the approval of the HR Committee or Board. Notwithstanding the foregoing, any Participant who made Compensation Deferral Contributions during 2009 may continue to make Compensation Deferral Contributions for each Plan Year beginning after 2009, provided that such Participant’s annual base salary equals or exceeds one-hundred twenty-five thousand dollars ($125,000.00) as of the first day of the applicable Plan Year, and any Participant who has a balance in the Plan as of December 31, 2009, may remain a Participant with respect to such balance and any earnings or losses thereon.

2.    The first paragraph of Section 3.3 is revised as follows:

3.3.    Employer Non-elective Contributions.  The Employer will credit to each actively employed Participant’s Account, at the end of each Plan Year (i.e., such amount will be credited as of December 31 of each Plan Year), with Employer Non-elective Contributions equal to three percent (3%) of an eligible Participant’s normal compensation and short term incentive in excess of the Code Section 401(a)(17) limitation in effect for such Plan Year; provided, however, that an Employer Non-elective Contribution equal to nine percent (9%) of an eligible Participant’s normal compensation and short term incentive in excess of the applicable Code Section 401(a)(17) limitation will instead be made for the 2013 Plan Year and such amount will be credited to Participants’ Accounts as of December 31, 2013.  If a Participant is hired subsequent to their ability to enroll in the Voluntary Deferred Compensation Plan, but before December 31, and is not permitted to make Compensation Deferral Contributions in the first calendar year of hire, an Employer Non-elective Contribution equal to nine percent (9%) of such Participants’ normal compensation and short term incentive in excess of the applicable Code Section 401(a)(17) limitation will be made for such Participant in his/her first Plan Year of participation and second Plan Year of participation (if applicable).  Such amount will be credited to the Participant’s Account as of the end of such applicable Plan Year.

The amount of each Employer Non-elective Contribution shall be automatically reduced by any applicable Federal Insurance Contributions Act tax (or other applicable tax) at the time such contribution is made.  Compensation, for purposes of calculating Employer Non-elective Contributions, shall be defined in the same manner as the term “Pay” is defined in the ConAgra Foods, Inc. Pension Plan for Salaried Employees (#009).  

        
IN WITNESS WHEREOF, this Amendment Five is executed this  9th  day of December, 2013, but effective as of the date set forth herein.
                        
	
		
	CONAGRA FOODS, INC.

	By: /S/ Nicole B. Theophilus         

	Name: Nicole B. Theophilus

	Position: EVP & Chief Human Resources Officer

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