Document:

exv10w17w1

EXHIBIT 10.17.1

AWARD CERTIFICATE

Terms and Conditions

 

MONSANTO COMPANY

Phantom Share Retention Plan

For Long-Term International Assignees

You have received an Award of Units (“Award”) under the Monsanto Company Phantom Share Unit
Retention Plan For Long-Term International Assignees (the “Plan”). The Grant Date, the Vesting
Date, and the number of Units covered by the Award, are set forth in the document you have received
entitled “Unit Award Statement.” The Unit Award Statement and these terms and conditions
collectively constitute the Award Certificate for the Award, and describe the provisions applicable
to the Award.

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

     2. Vesting Date. Your Vesting Date is the two-year anniversary of your successful
completion of your international assignment that commences as of your Grant Date, as determined by
the Company international assignment administrator. You will be entitled to receive the Unit Value
of each Unit covered by this Award determined as of the Vesting Date, provided that you shall not
have incurred a Termination of Service before your Vesting Date. A change of control of the
Company will have no effect on the vesting of the Award.

     3. Termination of Service Prior to Vesting Date. The effect of your Termination of
Service prior to the Vesting Date shall be as follows:

     (a) Involuntary Termination Without Cause, Retirement, Death or
Disability

	 	i.	 	If you incur a Termination of Service by
reason of an Involuntary Termination Without Cause, Retirement, death
or Disability prior to your successful completion of your assignment,
you will forfeit all of the Units covered by this Award as of the
date of your Termination of Service.
	 
	 	ii.	 	If you incur a Termination of Service by
reason of death or Disability after your successful completion of
your assignment and prior to you becoming fully vested in this Award,
you will be entitled to receive the Unit Value of a percentage (as
described below) of the Units covered by this Award determined as of
the date of your Termination of Service. Such percentage shall be
equal to: (A) the number of months included in the period from the
first day of the calendar month immediately preceding the date of
your successful completion of your assignment through the last day of
the month that occurs on, or immediately preceeds, the date of your
Termination of Service, (B)

 

 

	 	 	 	divided by 24. You will forfeit any unvested Units covered by this Award
as of the date of your Termination of Service.

     (b) Termination for Cause. If your Termination of Service is a Termination for
Cause, you will forfeit all Units covered by this Award.

     (c) Other. If your Termination of Service is by reason of voluntary
resignation or any other reason not described in paragraph 3(a), (b) or (c) above, you will
forfeit all Units covered by this Award.

     4. Payment of Unit Value. Payment of the Unit Value of Units pursuant to paragraph 2
or paragraph 3(a) or (c), above, shall be made to you in cash as soon as administratively feasible
following the Vesting Date or, with respect to a payment pursuant to paragraph 3(a), following the
date of your Termination of Service.

     5. Withholding. The Company shall withhold from the amounts payable to you all taxes
that the Company is required to withhold under applicable federal, state or local law and
regulations.

     6. Nontransferability. This Award is not transferable by you other than upon death by
will, the laws of descent and distribution, or written designation of a beneficiary.

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

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

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

     10. Plan Interpretation. This Award Certificate is subject to the provisions of the
Plan, and all of the provisions of the Plan are hereby incorporated into this Award Certificate as
provisions of this Award. If there is a conflict between the provisions of this Award Certificate
and the Plan, the provisions of the Plan govern. If there is any ambiguity in this Award
Certificate, any term that is not defined in this Award Certificate, or any matters as to which
this Award Certificate is silent, the Plan shall govern, including, without limitation, the
provisions of the Plan addressing construction and governing law as well as the powers of the
Committee, among others, to (a) interpret the Plan, (b) prescribe, amend and rescind rules and
regulations relating to the Plan, (c) make appropriate adjustments to the Award in the event of a
corporate transaction, and (d) make all other determinations necessary or advisable for the
administration of the Plan.

-  2 -exv10w22

EXHIBIT 10.22

MONSANTO COMPANY

EXECUTIVE HEALTH MANAGEMENT PROGRAM

(As Amended and Restated as of October 25, 2010)

	1.	 	Purpose. The purpose of the Monsanto Company Executive Health Management Program
(“Plan”) is to reimburse eligible executives for the cost of certain medical diagnostic
procedures, including routine medical examinations, blood tests and X-rays, or to arrange to
have such procedures made available to such eligible executives.
	 
	2.	 	Effective Date. This Plan was originally effective as of July 19, 2004. The Plan, as
amended and restated, is effective as of October 23, 2006.
	 
	3.	 	Eligibility. Each member of the Executive Team of Monsanto Company (“Monsanto”) or
such other executive as designated by the People and Compensation Committee of the Board of
Directors of Monsanto Company (the “Committee”) shall be a Participant as of the later of: (i)
the date he or she becomes a member of the Executive Team, (ii) in the case of any other
executive, the date he or she is designated a Participant by the Committee, or (iii) the
Effective Date. If a Participant ceases to be a member of the Executive Team or other
eligible executive officer, his or her participation in the Plan shall cease unless otherwise
provided by the Committee, subject to any right of continuation coverage described in Section
5.
	 
	4.	 	Benefits.

     A. Medical Benefits. A Participant will be eligible to receive medical
diagnostic procedures approved or made available by Monsanto’s Corporate Occupational
Medicine department from time to time, at such facilities as determined by the Director,
Occupational Medicine. Such procedures may include routine medical examinations, blood
tests, X-rays and other diagnostic procedures. Such procedures will not include expenses
incurred or services for (a) the treatment, cure or testing of a known illness or
disability, (b) the treatment or testing for a physical injury, complaint or specific
symptom of a bodily malfunction or (c) any activity undertaken for exercise, fitness,
nutrition, recreation or general improvement of health.

     B. Travel Expenses. To the extent medical diagnostic procedures approved or
made available under the Plan are provided at facilities which would result in a Participant
incurring travel to obtain such benefits, all such expenses (including but not limited to
airfare, meals and lodging) shall be borne by Monsanto.

 

 

	5.	 	Continuation of Coverage. To the extent required by law (including Section 4980B
of the Internal Revenue Code of 1986, as amended), if a Participant ceases to be a member of
the Executive Team or other eligible executive officer and undertakes to pay any applicable
premium to Monsanto for continuation coverage, coverage under the Plan may continue so long
as such payments are made, but not beyond the end of the period for which such coverage is
required by law. In addition, the former Participant shall be treated as a Participant under
the Plan to such extent as is required by law, and shall be entitled to any benefits
otherwise made available to Participants during such period of continued coverage, as
described in Section 4 A.
	 
	6.	 	Source of Funds. Monsanto shall contribute the amount required to pay benefits
under this Plan out of its general assets at the time such benefits are to be paid. There
shall be no special fund out of which benefits shall be paid.
	 
	7.	 	Plan Administrator. The Employee Benefits Plans Committee of Monsanto shall be the
Plan Administrator and the named fiduciary and shall have the discretionary authority to
construe and interpret the provisions of the Plan, decide all questions of eligibility and
participation and control and manage the operation and administration of the Plan. No member
of the Employee Benefits Plans Committee shall make any decision or take any action covering
exclusively his or her own benefits under the Plan.
	 
	8.	 	Claims. Any claim for benefits shall be processed in accordance with Section 503
of the Employee Retirement Income Security Act of 1974, as amended and the regulations
thereunder.
	 
	9.	 	Amendment and Termination. The Plan may, at any time, be amended or terminated by
the Committee by a written instrument executed by an authorized executive officer or by its
own action.
	 
	10.	 	Taxation of Benefits. Pursuant to Treasury Regulation Section 1.105-11(g),
reimbursements for medical benefits described in Section 4.A shall be excludable from a
Participant’s income for U.S. federal income tax purposes. Notwithstanding any of the
foregoing, all applicable tax laws and regulations will be applied with respect to a
Participant’s participation in the Plan.
	 
	11.	 	Governing State Law. This Plan shall be construed and enforced according to the laws
of the State of Missouri, to the extent not preempted by federal law.

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