Document:

<PAGE>

                                  EXHIBIT 10.1

                                TICKETS.COM, INC.
                       2004 EXECUTIVE CASH INCENTIVE PLAN

      1.    Purpose. The purpose of the 2004 Executive Cash Incentive Plan (the
"Plan") of Tickets.com, Inc. (the "Company") is to provide an incentive to
enhance stockholder value and promote the attainment of significant business
objectives of the Company by basing a portion of certain executive's
compensation for Fiscal 2004 on the performance of the Company with respect to
earnings and a portion based on the Committee's assessment of their individual
performance during the year. The Plan is applicable only to Fiscal 2004.

      2.    Definitions.

            (a)   "EBITDA" means earnings before interest, taxes, depreciation
and amortization as determined by the Committee in its sole and absolute
discretion based on the Company's audited financial statements.

            (b)   "Bonus" means the cash compensation earned by a Participant
pursuant to the terms of the Plan.

            (c)   "Cause" shall have the meaning set forth in the employment
agreement between the Participant and the Company in effect on the date this
Plan is adopted or, if no such agreement exists, shall mean (i) habitual neglect
or insubordination where Participant has been given written notice of the acts
or omissions constituting such neglect or insubordination and Participant has
failed to cure such conduct, where susceptible to cure, within thirty (30) days
following notice; (ii) conviction of any felony or any crime involving moral
turpitude; (iii) participation in any fraud against the Company; (iv) willful
breach of Participant's duties to the Company, including, but not limited to,
theft from the Company or failure to fully disclose personal pecuniary interest
in a transaction involving the Company; (v) intentional damage to any property
of the Company; (vi) conduct by Participant which in the good faith, reasonable
determination of the Board of Directors demonstrates gross unfitness to serve,
including, but not limited to, gross neglect, non-prescription use of controlled
substances, any abuse of controlled substances, whether or not by prescription,
or habitual drunkenness, intoxication or other impaired state induced by
consumption of any drug, including alcohol; or (vii) material breach by the
Participant of any obligations regarding non-competition with the Company or the
confidentiality of trade secrets or proprietary or other information.

            (d)   "Committee" means the Compensation Committee of the Board of
Directors.

            (e)   "Disability" shall have the meaning set forth in the
employment agreement between the Participant and the Company in effect on the
date this Plan is adopted or, if no such agreement exists, shall mean a physical
or mental incapacity as a result of which Participant becomes unable to continue
the proper performance of his or her duties (reasonable absences because of
sickness for up to two (2) consecutive months excepted; provided, however, that
any

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new period of incapacity or absences shall be deemed to be part of a prior
period of incapacity or absences if the prior period terminated within ninety
(90) days of the beginning of the new period of incapacity or absence and the
incapacity or absences are determined by the Company's Board of Directors, in
good faith, to be related to the prior incapacity or absence).

            (f)   "Fiscal 2004" means the Company's fiscal year ending December
31, 2004.

            (g)   "Maximum Bonus" means the maximum Bonus which a Participant
could earn pursuant to the Plan as set forth on Schedule I.

            (h)   "Participant" means those employees of the Company listed on
Schedule I attached hereto. Upon approval of the Committee, Schedule I may be
amended from time to time to include additional Participants under the Plan.

            (i)   "Target EBITDA" means the Fiscal 2004 EBITDA goal for the
Company established by the Committee for purposes of the Plan.

      3.    Eligible Executives. Except as otherwise provided in this Section 3
or by the Committee, no payment shall be made pursuant to Section 4 to a
Participant whose employment terminates prior to the end of Fiscal 2004. A
Participant whose employment terminates prior to the end of Fiscal 2004 shall
forfeit any and all Bonus under this Plan if he or she voluntarily terminates
their employment with the Company, or if they are terminated by the Company for
Cause. A Participant whose employment terminates due to death or Disability, or
who is terminated by the Company other than for Cause, shall be paid a prorated
amount under Section 4 based on the percentage of the total Fiscal 2004 he or
she was employed by the Company. Such prorated amount shall be paid in cash to
Participant at the same time as Bonuses are paid to the other Participants.

      4.    Determination of Bonus. Each Participant may earn up to one-half of
their respective Maximum Bonus based on the Company's EBITDA for Fiscal 2004 and
one-half of their Maximum Bonus based on the Committee's assessment, in its sole
and absolute discretion, of each Participant's individual performance during
Fiscal 2004. The portion of a Participant's Maximum Bonus relating to EBITDA
will be based upon the Committee's determination of the variance of the
Company's actual EBITDA for Fiscal 2004 versus Target EBITDA, as set forth
below, pro rated for the portion of Fiscal 2004 that the Participant was
employed by the Company:

<TABLE>
<CAPTION>
           Variance to Target EBITDA
                                                                 Possible Percentage of
Greater Than or Equal To       but       Less Than               Maximum Bonus Earned
------------------------                 ---------               --------------------
<S>                                      <C>                     <C>
          +0%                                N/A                         50%
          -5%                                 0%                         45%
          -10%                               -5%                       37.5%
          N/A                               -10%                          0%
</TABLE>

                                       2
<PAGE>

      5.    Distribution of Bonus. Bonuses under the Plan shall be paid in cash
no later than April 15, 2004.

      6.    Administration. The Plan shall be administered by the Committee. The
Committee shall have full and complete authority, in its sole and absolute
discretion, to construe, interpret and implement the Plan and to make all
determinations necessary or advisable in administering the Plan. The actions and
determinations of the Committee on all matters relating to the Plan will be
final and conclusive.

      7.    Miscellaneous.

            (a)   Non-Assignability. No Bonus will be assignable or transferable
without the written consent of the Committee in its sole discretion, except by
will or by the laws of descent and distribution.

            (b)   Withholding Taxes. Whenever payments under the Plan are to be
made, the Company will withhold therefrom an amount sufficient to satisfy any
applicable governmental withholding tax requirements relating thereto.

            (c)   Payments to Other Persons. If payments are legally required to
be made to any person other than the person to whom any Bonus is due under the
Plan, payments will be made accordingly. Any such payment will be a complete
discharge of the liability of the Company.

            (d)   Rights of Employees.

                  (i)   Status as an employee eligible to receive a Bonus under
the Plan shall not be construed as a commitment that any Bonus will be paid
under this Plan to such employee or to other such employees generally.

                  (ii)  Nothing contained in this Plan shall confer upon any
employee or participant any right to continue in the employ or other service of
the Company or constitute any contract or limit in any way the right of the
Company to change such person's compensation or other benefits or to terminate
the employment or other services of such person with or without cause.

            (e)   Applicable Law. The Plan and all actions taken hereunder or
thereunder shall be governed by, and construed in accordance with, the laws of
the State of California without regard to the conflict of law principals
thereof.

                                       3
<PAGE>

Examples:

1)    The Committee determines that the Company had a - 7% variance to budgeted
      EBITDA and the applicable Executive was employed by the Company for the
      full year. The Committee also determines that the applicable Executive's
      individual performance during Fiscal 2004 warranted 60% of his individual
      performance bonus (i.e., 30% of the Maximum Bonus)

Component A - EBITDA Performance

      -     Maximum Bonus = $200,000
      -     -7% EBITDA = 37.5% Bonus Percentage

$200,000 x 37.5% = $75,000

Component B - Individual Performance

      -     Maximum Bonus = $200,000
      -     30% of Maximum Bonus

$200,000 x 30% = $60,000

TOTAL BONUS

<TABLE>
<S>               <C>
Component A     = $   75,000
Component B     = $   60,000
                  ----------
      Total     = $   135,000
                  ===========
</TABLE>

2)    The Committee determines that the Company had a +2% variance to Target
      EBITDA, but the applicable Executive was employed by the Company for only
      six months of the year. The Committee also determines that the applicable
      Executive's individual performance during Fiscal 2004 warranted 30% of his
      individual performance bonus (i.e., 15% of the Maximum Bonus)

Component A - EBITDA Performance

      -     Maximum Bonus = $110,000

      -     +2% EBITDA = 50% Bonus Percentage

      -     Pro rated for 1/2 of year worked

$110,000 x 40% = $44,000
$44,000  x 1/2 = $22,000

                                       4
<PAGE>

Component B - Individual Performance

      -     Maximum Bonus = $110,000

      -     15% of Maximum Bonus

$110,000 x 15% = $16,500

TOTAL BONUS

<TABLE>
<S>               <C>
Component A    =  $   22,000
Component B    =  $   16,500
                  ----------
      Total    =  $   38,500
                  ==========
</TABLE>

                                       5
<PAGE>

                                   Schedule I

<TABLE>
<CAPTION>
                                              MAXIMUM
 PARTICIPANT*                                   BONUS
 ------------                                   -----
<S>                                           <C>
Ronald Bension                                $ 200,000
Carl Thomas                                   $ 132,500
Joseph Manna                                  $ 107,500
Christian Henry                               $ 105,000
Robert Murphy                                 $  86,700
Simon Crane                                   $  46,600
                                              ---------
       Total                                  $ 678,300
                                              =========
</TABLE>

*     Upon approval of the Compensation Committee, this Schedule I may be
amended from time to time to include additional Participants.

                                       6exv10w11

 

Exhibit 10.11

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

     AGREEMENT, made January 22, 2005, by and between Seminis, Inc. (the “Company”) and Bruno
Ferrari Garcia de Alba (“Executive”).

RECITALS

     WHEREAS the Company has entered into an Agreement and Plan of Merger dated January 22, 2005 by
and among the Company, Monsanto Company (“Parent”) and Monsanto Sub, Inc. (“Merger Sub”) (the
“Merger Agreement”) pursuant to which, at the Effective Time (as defined in the Merger Agreement),
the Company will be the surviving corporation in the Merger (as defined in the Merger Agreement);
and

     WHEREAS this Agreement is intended to be a complete amendment and restatement of the
employment agreement by and between Seminis Merger Corp., the predecessor to the Company, and
Executive dated May 30, 2003, as amended (the “Prior Agreement”); and

     WHEREAS in order to induce Executive to serve as the Chief Executive Officer of the Company
following such Merger, the Company desires to provide Executive with compensation and other
benefits on the terms and conditions set forth in this Agreement; and

     WHEREAS, Executive is willing to accept such employment and perform services for the Company
on the terms and conditions hereinafter set forth:

     NOW, THEREFORE, it is hereby agreed by and between the parties as follows:

     1. Employment.

     1.1 This Agreement shall become effective at the Effective Time (as defined in the Merger
Agreement) and, except as otherwise expressly provided herein, shall be of no force or effect prior
to such time, or in the event the Merger Agreement is terminated prior to the consummation of the
Merger. For purposes of this Agreement, “Effective Date” means the date on which the Effective
Time occurs.

 

 

     1.2 Subject to the terms and conditions of this Agreement, the Company agrees to employ
Executive during the Term (as defined below) as Chief Executive Officer of the Company. In his
capacity as Chief Executive Officer, Executive shall report to the Executive Vice President
International Commercial of Parent, or such other officer of Parent who assumes the
responsibilities thereof, (the “EVP”) and shall have the customary powers, responsibilities and
authorities of chief executive officers of wholly-owned subsidiary corporations of the size, type
and nature of the Company, as it exists from time to time; provided, however,
Executive shall have responsibilities and powers consistent with the responsibilities and powers
under Section 6 of the Contingent Value Right Agreement attached as Exhibit A to the Merger
Agreement (the “CVR Agreement”).

     1.3 Subject to the terms and conditions of this Agreement, Executive hereby accepts employment
as the Chief Executive Officer of the Company, commencing on the Effective Date.

     1.4 Executive shall perform his duties under this Agreement with reasonable diligence and
faithfulness, and shall devote his full business time (excluding any periods of vacation or sick
leave) and attention to such duties. Nothing in this Agreement shall preclude Executive from
engaging in charitable and community affairs, from managing any passive investment made by him in
publicly traded equity securities or other property or from continuing to serve as a member of the
board of directors or as a trustee of any other corporation, association or entity with respect to
which Executive serves as a director or trustee as of the date of this Agreement, or, with the
prior written consent of the EVP, such consent not to be unreasonably withheld, serving as a member
of a board of directors or as a trustee of any other corporation, association or entity,
provided, that these activities do not materially interfere with

2

 

the performance of Executive’s duties and responsibilities hereunder or violate the provisions
of Section 12 of this Agreement.

     1.5 If requested, Executive agrees to serve, without additional compensation, as an officer
and director for one or more of the Company’s 20% or more owned subsidiaries, partnerships, joint
ventures, and limited liability companies (collectively, such entities, the “Affiliated Group”),
provided, that such service does not materially interfere with Executive’s performance of
his duties and responsibilities as Chief Executive Officer of the Company.

     1.6 Executive’s principal location of employment shall be at the Company’s offices located in
Oxnard, California, provided, that Executive may be required under reasonable business
circumstances to travel outside of such location in connection with performing his duties under
this Agreement.

     2. Term of Employment. Executive’s term of employment under this Agreement shall
commence on the Effective Date and, subject to the terms hereof, shall terminate on the earlier of
(i) September 29, 2008 (the “Termination Date”) or (ii) the termination of Executive’s employment
pursuant to this Agreement (the period from the Effective Date until the termination of Executive’s
employment under this Agreement shall be the “Term”). This Agreement shall be renewed
automatically for succeeding terms of one (1) year following the Termination Date (in which case
both the Termination Date and the Term shall be extended one year on each renewal), unless either
party gives written notice to the other at least 120 days prior to the applicable Termination Date
of its intention not to renew or Executive’s employment is terminated prior to the Termination Date
pursuant to Section 6.

3

 

     3. Compensation.

     3.1 Salary. The Company shall pay Executive an initial annual base salary of
$728,750. The Base Salary shall be reviewed by the Company no less frequently than annually in a
manner consistent with similarly situated executives of the Company and may be increased but not
decreased. For all purposes under this Agreement, the term “Base Salary” shall refer to
Executive’s initial annual Base Salary as it may be increased and in effect from time to time.
Base Salary shall be payable in accordance with the ordinary payroll practices of the Company.

     3.2 Annual Bonus. (a) During the Term, Executive shall be eligible to receive an
annual bonus (the “Bonus”) with a target Bonus set at 75% of Base Salary (the “Target Bonus”) and a
maximum Bonus of 93.75% of Base Salary. For any Company fiscal year ending after August 31, 2007,
Executive’s Bonus shall be based upon the satisfaction of performance objectives and in accordance
with the performance matrix to be determined by the Internal People Committee of Parent (the
“Committee”) based upon the recommendations of the EVP (which shall in turn be based on
consultations with Executive) in his reasonable discretion and communicated to Executive at the
beginning of each fiscal year of the Company. Determinations of the Bonus shall be made in good
faith and in a manner consistent with the then existing applicable corporate governance policies of
Parent.

          (b) For the Company’s fiscal years ending August 31, 2006 (“FY 2006”) and August 31, 2007 (“FY
2007”), the Bonus shall be based upon the satisfaction of performance objectives and shall be
determined on a weighted basis comprised of the following criteria:

	 	(i)  	Milestones based upon Company EBITDA as set forth in the Approved Annual
Business Plan (as defined below) — 40% (the “EBITDA Component”);

4

 

	 	(ii)  	Executive performance goals established annually by the Committee based upon
the recommendations of the EVP — 20% (the “Individual Component”);
	 
	 	(iii)  	Milestones based upon Company net sales as set forth in the Approved Annual
Business Plan — 20% (the “Sales Component”); and
	 
	 	(iv)  	Milestones based upon Company net working capital as set forth in the Approved
Annual Business Plan — 20% (the “Net Working Capital Component”)

(items (i) through (iv) collectively, the “Performance Objectives,” and each, separately, a
“Performance Objective”). For purposes of this Section 3.2(b), “Approved Annual Business Plan”
means the detailed one year business, operating and strategic plan for the Company, as approved by
the EVP and the CVR Committee (as defined in the CVR Agreement), as contemplated in the CVR
Agreement, for the fiscal year. During FY 2006 and FY 2007, the Bonus shall be equal to the sum
of: (A) (Target Bonus)(.4)(the Applicable Percentage for the EBITDA Component), PLUS (B) (Target
Bonus)(.2)(the Applicable Percentage for the Individual Component), PLUS (C) (Target Bonus)(.2)(the
Applicable Percentage for the Sales Component), PLUS (D) (Target Bonus)(.2)(the Applicable
Percentage for the Net Working Capital Component), where the Target Bonus is expressed in dollars
and the Applicable Percentage with respect to any given Performance Objective is determined in
accordance with the performance matrix below.

5

 

Performance Matrix

				
	If Performance is:	 	 	Applicable Percentage:
	 	 	 	 
	Less than 90%

of Performance Objective
	 	 	0%
	 	 	 	 
	90%

of Performance Objective
	 	 	50%
	 	 	 	 
	95%

of Performance Objective
	 	 	75%
	 	 	 	 
	100%

of Performance Objective
	 	 	100%
	 	 	 	 
	125%

of Performance Objective

or greater
	 	 	125%

In the event actual performance for any fiscal year falls between any threshold listed in the chart
above (e.g. 91% of Performance Objective), then the Applicable Percentage shall be adjusted
accordingly using a straight line method of interpolation (e.g. if actual performance is at 91% of
Performance Objective, then the Applicable Percentage shall be 55%; if actual performance is 92% of
Performance Objective, then the Applicable Percentage shall be 60%, etc.). Executive’s annual
bonus with respect to the Company’s current fiscal year ending September 30, 2005 (“FY 2005”),
shall be based on the Company’s bonus plan in effect as of the date hereof, as set forth on Section
4.10(a) of the Company Disclosure Schedule to the Merger Agreement.

     3.3 Equity Program. Executive shall be considered an eligible employee for purposes
of participation in the Monsanto Company Long-Term Incentive Plan, or any successor thereto,

6

 

with such participation to be on terms and conditions comparable to those applicable to other
executives eligible to participate in such plan.

     3.4 Retention Bonus. (a) Subject to and in accordance with the terms of this Section
3.4, Executive shall be eligible to receive a retention bonus (“Retention Bonus”), with a maximum
Retention Bonus of $2,915,000. The Retention Bonus shall be based upon achievement of Cumulative
Target Revenue on or before September 30, 2007 by the Company and the Affiliated Group. The
Retention Bonus shall be equal to the Applicable Percentage of the maximum Retention Bonus where
the maximum Retention Bonus is expressed in dollars and the Applicable Percentage is determined in
accordance with the performance matrix below.

Performance Matrix

						
	If performance of Cumulative Target Revenue is:	 	Applicable Percentage:	 
	 	 	 	 
	85% or less
	 	 	 	0%	 
	86%
	 	 	 	8%	 
	87%
	 	 	 	16%	 
	88%
	 	 	 	24%	 
	89%
	 	 	 	32%	 
	90%
	 	 	 	40%	 
	91%
	 	 	 	48%	 
	92%
	 	 	 	56%	 
	93%
	 	 	 	64%	 
	94%
	 	 	 	72%	 
	95%
	 	 	 	80%	 
	96%
	 	 	 	84%	 
	97%
	 	 	 	88%	 
	98%
	 	 	 	92%	 
	99%
	 	 	 	96%	 
	100% or greater
	 	 	 	100%	 

For purposes of this Section 3.4(a), “Cumulative Target Revenue” means $1,835.3 million, subject to
the adjustments to target revenue for sales and acquisitions set forth in Section 1 of the CVR
Agreement. In the event actual performance falls between any threshold listed in the chart

7

 

above, then the Applicable Percentage shall be adjusted accordingly using a straight line method of
interpolation (e.g. if actual performance is at 87.5% of Cumulative Target Revenue, then the
Applicable Percentage shall be 20%). As used in this Section 3.4(a), “Vesting Date” means the
earlier to occur of September 30, 2007, or the date the Company and the Affiliated Group have
achieved Cumulative Target Revenue. Executive shall not be entitled to receive the Retention Bonus
unless he is an active employee of the Company on the Vesting Date; provided,
however, if Executive’s employment is earlier terminated as a result of Executive’s death
or Permanent Disability (as defined in Section 6.1(d) hereof) or by the Company other than for
Cause (as defined in Section 6.2(b) hereof), Executive shall be entitled to receive a pro-rated
portion of the Retention Bonus, which pro-rated portion shall be determined by multiplying the
Retention Bonus he would otherwise have received had he remained an active employee of the Company
until September 30, 2007, by a fraction, the numerator of which is the number of full months from
the Effective Date to his employment termination date and the denominator of which is the number of
full months from the Effective Date to September 30, 2007. Except as set forth in Section 3.4(b),
Executive shall not be entitled to receive the Retention Bonus, or any portion thereof, if his
employment with the Company is terminated before the Vesting Date by Executive for Good Reason (as
defined in Section 6.1(c) hereof) or for any other reason, or by the Company for Cause. Payment of
the Retention Bonus, or any portion thereof, shall be in cash on November 15, 2007, regardless of
the Vesting Date, except that, to the same extent as severance payments payable to other similarly
situated key employees of Parent, payment shall not be made any earlier than the date that is six
months (or, if earlier, the date of death of Executive) after termination of Executive’s employment
and shall be credited with interest, if any, for the period commencing on November 15, 2007 and
ending on the date of payment, at the same rate

8

 

and to the same extent as severance payments payable to other similarly situated key employees of
Parent. Notwithstanding anything to the contrary in this Section 3.4(a), Executive shall not be
entitled to receive the Retention Bonus, or any portion thereof, if his employment is terminated by
the Company for Cause.

     (b) Notwithstanding anything to the contrary in Section 3.4(a) above, if Executive’s
employment is terminated by Executive for Good Reason and for an event or circumstance other than
an event or circumstance set forth in clause (ii) or (iii) of Section 6.1(c) hereof, Executive
shall be entitled to receive the maximum Retention Bonus of $2,915,000. To the same extent as
severance payments payable to other similarly situated key employees of Parent, payment of the
maximum Retention Bonus under this Section 3.4(b) shall be made in cash no earlier than six months,
and no later than seven months, after termination of Executive’s employment and shall be credited
with interest, if any, at the same rate and to the same extent as severance payments payable to
other similarly situated key employees of Parent. Executive shall not be entitled to receive any
portion of the Retention Bonus under this Section 3.4(b) if he terminates his employment for Good
Reason and the event or circumstance constituting Good Reason for his termination of employment is
set forth in Section 6.1(c)(ii) or 6.1(c)(iii) hereof.

     4. Employee Benefits.

     4.1 Employee Benefit Programs, Plans and Practices. During the Term, Executive shall
be entitled to participate in welfare, health and life insurance and pension benefit programs as
may be in effect from time to time for similarly situated executives of the Company generally.
Executive shall not be entitled to participate in any severance plans provided to Company employees
and hereby waives any rights to receive severance benefits other than as provided in this
Agreement.

9

 

     4.2 Vacation; Fringe Benefits (Perquisites). Executive shall be entitled to no less
than twenty (20) business days paid vacation in each calendar year. Executive shall be entitled to
receive fringe benefits (perquisites) reasonably comparable to those provided to Executive as of
the Effective Date with respect to the following matters: (i) in the event Executive is asked by
the Company to relocate, relocation reimbursement in accordance with the Company’s relocation
policy, and (ii) all fees and expenses incurred in connection with satisfying applicable government
working requirements, including visas. In addition, Executive shall be entitled to the fringe
benefits (perquisites) generally made available to similarly situated executives of Parent.

     5. Expenses. During the Term, Executive shall be entitled to receive prompt
reimbursement in accordance with the Company’s policies for out-of-pocket business expenses
reasonably incurred in carrying out his duties and responsibilities under this Agreement,
including, without limitation, reasonable expenses for travel and similar items related to such
duties and responsibilities.

     6. Termination of Employment.

     6.1 Termination Not for Cause or for Good Reason. (a) If, prior to the Termination
Date, during the Term, Executive’s employment is terminated (A) by the Company other than for Cause
(as defined in Section 6.2(b) hereof), (B) as a result of Executive’s death or as a result of
Executive’s Permanent Disability (as defined in Section 6.1(d) hereof), or (C) by Executive for
Good Reason (as defined in Section 6.1(c) hereof), Executive shall receive:

(i) such payments, if any, to which Executive is entitled under any applicable plans
or programs, including but not limited to those referred to in Sections 3.3 and 4.1
hereof, in accordance with the terms of such plans or programs;

(ii) a cash lump sum payment in respect of accrued but unused vacation days, any
earned but unpaid Base Salary and, if any such termination of employment occurs
after the end of a Company fiscal year and prior to the payment of Bonuses

10

 

for such fiscal year, any Bonus payments earned by Executive for such fiscal year
but not yet paid;

(iii) continued coverage under any employee medical plans or programs provided to
Executive and his family members pursuant to Section 4.1 hereof until the earlier of
the third anniversary of Executive’s termination of employment or the date on which
Executive becomes entitled to receive medical coverage under another employer’s
medical benefit program, provided, that Executive shall continue to be
required to pay any applicable premiums of a participating employee in such plans
and programs; and

(iv) a cash lump sum payment equal to three (3) times the sum of the (I) Base Salary
(as of immediately prior to Executive’s date of termination of employment, but
excluding any decrease in Base Salary causing Executive to have Good Reason) plus
(II) the average annual bonus described in Section 3.2 of this Agreement or the
Prior Agreement (and expressly excluding the Retention Bonus and any bonus other
than such annual bonus described in Section 3.2) paid or payable to Executive with
respect to the two (2) fiscal years immediately prior to Executive’s date of
termination of employment (provided, however, that if Executive’s
date of termination occurs prior to a date upon which a determination of an annual
bonus amount has been made by the Company for a prior fiscal year for Executive then
the “average annual bonus” shall be deemed to be the Target Bonus), less any
applicable insurance benefits payable under insurance arrangements maintained or
contributed to by the Company or its affiliates in the event of Executive’s death or
disability, provided, that any reduction for disability benefits shall be
with respect to benefits received by Executive during the three-year period
following Executive’s date of termination of employment.

          (b) To the same extent as severance payments payable to other similarly situated key employees
of Parent, amounts payable under Section 6.1(a)(iv) shall be paid no earlier than six months, and
no later than seven months, after termination of Executive’s employment and shall be credited with
interest, if any, at the same rate and to the same extent as severance payments payable to other
similarly situated key employees of Parent. All other payments payable by the Company to Executive
pursuant to this Section 6.1 shall be paid within 30 days after the termination of Executive’s
employment. All payments under this Section 6.1 shall be paid by check payable to the order of
Executive and shall be subject to Executive entering into and not revoking a release substantially
in the form set forth as Exhibit A hereto.

11

 

          (c) For purposes of this Agreement, “Good Reason” shall mean that any of the events set forth
in clauses (i) through (ix) below shall occur without the written consent of Executive,
provided, that (x) Executive shall provide the Company with written notice thereof within
one hundred and twenty (120) days after Executive has knowledge of the occurrence of any of the
events or circumstances set forth in clauses (i) through (ix) below, which notice shall
specifically identify the event or circumstance that Executive believes constitutes Good Reason,
(y) the Company fails to correct the circumstance or event so identified within twenty (20) days
after the date of delivery of the notice referred to in clause (x) above, and (z) Executive resigns
his employment for Good Reason within ninety (90) days after the date of delivery of the notice
referred to in (x) above:

(i) A reduction in Executive’s Base Salary;

(ii) Executive’s duties, titles, responsibilities or authority (collectively, his
“position”) are materially diminished in comparison to his position immediately
after the Effective Date, or Executive is assigned duties materially and adversely
inconsistent with his position;

(iii) A material reduction in fringe benefits (perquisites) provided to Executive
immediately after the Effective Date, other than as a result of a change applicable
to similar senior executives of Parent generally, or any material failure to provide
such benefits to Executive;

(iv) The failure of the Company to obtain a satisfactory agreement from any
successor to assume and agree to perform the Agreement, as contemplated in Section
10 herein;

(v) Any requirement that Executive relocate to an office more than 25 miles from his
office as of the Effective Date; provided, that Executive may be required, under
reasonable business circumstances, to travel outside of such locations in connection
with performing his duties;

(vi) The failure of the Company (or successor) to renew this Agreement following the
Termination Date, unless Executive gives written notice of intention not to renew;

(vii) A material breach by the Company of Section 3.3 of this Agreement;

12

 

(viii) The failure of the Company to pay the Retention Bonus, or pro-rated portion
thereof, as applicable, in accordance with the terms of Section 3.4 of this
Agreement; or

(ix) The failure of the Company to pay or provide an annual bonus in accordance with
the terms of Section 3.2 of this Agreement.

          (d) For purposes of this Agreement, “Permanent Disability” shall mean Executive’s absence from
full time performance of duties due to physical or mental illness for six (6) consecutive months,
that is reasonably determined to be total and permanent by a physician selected by the Company or
its insurers and reasonably acceptable to Executive or his legal representative.

     6.2 Discharge for Cause; Voluntary Termination by Executive. (a) The Company shall
have the right to terminate the employment of Executive for Cause. In the event that Executive’s
employment is terminated, prior to the Termination Date, (i) by the Company for Cause, as
hereinafter defined, or (ii) by Executive other than (A) for Good Reason or (B) as a result of
Executive’s death or Permanent Disability, Executive shall be entitled to receive a lump sum cash
payment in respect of any earned but unpaid Base Salary and in respect of any accrued vacation
days. In addition, Executive shall be entitled to such payments and benefits, if any, under any
applicable plans or programs, including, but not limited to, those referred to in Sections 3.3 and
4.1 hereof, to which he is entitled pursuant to the terms of such plans or programs.

     (b) As used herein, the term “Cause” shall mean (i) Executive’s conviction of, or plea of
guilty or nolo contendere to, a felony (or a comparable level of crime in another jurisdiction);
provided however, that after indictment for a felony, the Company may suspend
Executive from the rendition of services, but without limiting or modifying in any other way, the
Company’s obligations to Executive under this Agreement; (ii) continued and repeated refusal by

13

 

Executive to perform his duties hereunder after fifteen (15) days written notice of any such
refusal to perform such duties or direction was given to Executive; (iii) commission by Executive
of fraud against, or misappropriation of material property belonging to, the Company (unless such
action is neither willful nor injurious to the Company, its affiliates (as defined in Section 10)
or any member of the Affiliated Group) or other willful misconduct materially injurious to the
Company, its affiliates or any member of the Affiliated Group; (iv) a material breach by Executive
of Section 12 of this Agreement, unless such breach is neither willful nor materially injurious to
the Company, its affiliates or any member of the Affiliated Group. A decision to terminate
Executive’s employment for Cause shall be made by Executive’s immediate supervisor and Parent’s
Senior Vice President of Human Resources. Executive shall receive thirty (30) days’ prior written
notice of the termination for Cause during which period Executive and/or his counsel shall be
provided with reasonable opportunity to meet and consult with Parent’s Senior Vice President of
Human Resources, Chief Executive Officer, and Chief Financial Officer and with the EVP. Such
notice shall include the finding that Executive committed conduct set forth in any of clauses (i)
through (iv) above and specifying the particulars thereof.

     6.3 Resignation from all Positions. Notwithstanding any other provision of this
Agreement, upon the termination of Executive’s employment for any reason, unless otherwise
requested by the EVP, Executive shall immediately resign from all positions that he holds or has
ever held with the Company, Parent and any other member of the Affiliated Group (and with any
other entities with respect to which the Company has requested Executive to perform services).
Executive hereby agrees to execute any and all documentation to effectuate such resignations upon
request by the Company, but he shall be treated for all purposes as having so

14

 

resigned upon termination of his employment, regardless of when or whether he executes any
such documentation.

     6.4 Breach of Section 12. Notwithstanding anything to the contrary in this Agreement,
in the event of a breach by Executive of the provisions of Section 12 of this Agreement following
Executive’s termination of employment, or a material breach by Executive of the provisions of
Section 12 of this Agreement during Executive’s employment which Executive’s immediate supervisor
and Parent’s Senior Vice President of Human Resources determine would have been Cause to terminate
Executive’s employment and that is discovered by the Company within six (6) months following
Executive’s termination of employment, Executive shall be entitled to no further payments under
this Section 6, and shall repay to the Company any payments previously made under this Section 6.

Any amounts repaid by Executive under this Section 6.4 will reduce (on a dollar for dollar basis)
any damages payable by Executive as a result of a breach of the terms of Section 12.

     7. Mitigation of Damages. Executive shall not be required to mitigate damages or the
amount of any payment provided for under this Agreement by seeking other employment or otherwise
after the termination of his employment hereunder, and any amounts earned by Executive, whether
from self-employment, as a common-law employee or otherwise, shall not reduce the amount of any
payments otherwise payable to him pursuant to this Agreement.

     8. Notices. All notices or communications hereunder shall be in writing, addressed as
follows:

To the Company:

Seminis, Inc.

2700 Camino del Sol

Oxnard, California 93030-7967

Attn: General Counsel

15

 

with a copy, which will not constitute notice, to:

Monsanto Company

800 North Lindbergh Boulevard

Saint Louis, Missouri 63167

Attn: General Counsel

To Merger Sub:

Monsanto Company

800 North Lindbergh Boulevard

Saint Louis, Missouri 63167

Attn: General Counsel

To Executive:

Bruno Ferrari Garcia de Alba

At the address most recently on file with the Company

with a copy to:

Milbank, Tweed, Hadley & McCloy, LLP

One Chase Manhattan Plaza

New York, New York 10005

Attn: Howard Kelberg

Any such notice or communication shall be delivered by hand or by courier or sent certified or
registered mail, return receipt requested, postage prepaid, addressed as above (or to such other
address as such party may designate in a notice duly delivered as described above), and the third
business day after the actual date of mailing shall constitute the time at which notice was given.

     9. Separability; Legal Fees. If any provision of this Agreement shall be declared to
be invalid or unenforceable, in whole or in part, such invalidity or unenforceability shall not
affect the remaining provisions hereof which shall remain in full force and effect. Each party
shall bear the costs of any legal fees and other fees and expenses which may be incurred in respect
of enforcing its respective rights under this Agreement.

     10. Successors and Assigns. Except as otherwise provided herein, this Agreement shall
be binding upon, inure to the benefit of and be enforceable by the Company and Executive

16

 

and their respective heirs, legal representatives, successors and assigns. Executive may not
assign this Agreement, other than, with respect to payments in the event of Executive’s death, to
Executive’s estate or beneficiaries. The Company may assign this Agreement to any of its
affiliates in the event of any restructuring or reorganization of the Company or to a successor to
all or substantially all of the Company’s assets, and the benefits of this Agreement shall inure to
such entity and the obligations of this Agreement shall be binding on such entity; provided, that,
if the Company assigns this Agreement to an affiliate which is not a successor to all or
substantially all of its assets, the Company shall continue to guarantee the payments and benefits
hereunder. If the Company shall be merged into or consolidated with another entity, the provisions
of this Agreement shall be binding upon and inure to the benefit of the entity surviving such
merger or resulting from such consolidation and the Company shall require any such successor, by
agreement in form and substance satisfactory to Executive, to expressly assume and agree to perform
this Agreement in the same manner and to the same extent that the Company would be required to
perform it if no such succession had taken place. For avoidance of doubt, upon the Effective Date
the Company will be merged into Merger Sub and the Company will be the entity surviving such merger
and Executive hereby acknowledges that the provisions of Section 3.3 of the Merger Agreement shall
satisfy the obligations of the Company under the immediately preceding sentence. The provisions of
this Section 10 shall continue to apply to each subsequent employer of Executive in the event of
any subsequent merger or consolidation of such subsequent employer. As used in this Agreement, the
term “affiliates” shall include any entity controlled by, controlling, or under common control with
the Company.

     11. Amendment. This Agreement may only be amended by written agreement of the parties
hereto. The parties acknowledge that Merger Sub is intended to be a third party

17

 

beneficiary of this Agreement, and this Agreement cannot be amended without the prior written
consent of Merger Sub.

     12. Nondisclosure of Confidential Information; Work Product; Non-Disparagement;
Non-Competition; Non-Solicitation.

     12.1 Confidential Information of the Company and Its Affiliates. All Confidential
Information relating to or obtained from the Company or its affiliates shall be held in the
strictest confidence by Executive. Executive shall not, directly or indirectly, disclose, use,
publish, release, transfer or otherwise make available Confidential Information of, or obtained
from the Company or any of its affiliates in any form to, or for the use or benefit of, any person
or entity without the Company’s prior written consent, except (i) while employed by the Company, in
the business of and/or for the benefit of the Company or (ii) when required to do so by a court of
competent jurisdiction, by any governmental agency having supervisory authority over the business
of the Company, or by any administrative body or legislative body (including a committee thereof)
with jurisdiction to order Executive to divulge, disclose or make accessible such information. For
purposes of this Section 12.1, “Confidential Information” shall mean all information and
documentation of the Company or its affiliates, whether disclosed to or accessed by Executive in
connection with his employment with the Company or the Affiliated Group that is not otherwise
available to the public (other than by Executive’s breach of the terms hereof), including all (i)
data and information of the Company or its affiliates or the customers, suppliers, contractors or
other third parties doing business with any of the Company or its affiliates, including business
plans, memoranda, reports, drawings, research results, research plans, inventions (patentable or
otherwise), trade secrets and research products and (ii) Work Product (as defined below) created by
Executive.

18

 

     12.2 Executive hereby acknowledges that any ideas, concepts, designs, discoveries, techniques,
research results, inventions, methodologies, know-how, improvements, discoveries, processes or
products, whether or not patentable, that Executive conceives of or reduces to practice during the
term of his employment with the Company or the Affiliated Group and which are in connection with
Executive’s employment or related to the nature of Executive’s employment (collectively, the “Work
Product”), shall be, or be deemed to be, “work for hire” and owned by the Company. Furthermore,
the Company shall have all right, title and interest, including worldwide ownership of copyright
and patent, in and to the Work Product and all copies made from them. To the extent (a) any of the
Work Product is not deemed a “work for hire” by operation of law and (b) permissible under
applicable law, Executive hereby irrevocably assigns, transfers and conveys to the Company all of
his right, title and interest in and to such Work Product, including all rights of patent,
copyright, trade secret or other intellectual property or proprietary rights in such materials.
Executive acknowledges that the Company and the successors and permitted assigns of the Company
shall have the right to obtain and hold in their own name any intellectual property rights in and
to such Work Product.

     12.3 During the Term and for a period of 24 months from the date of the termination of
Executive’s employment for any reason (the “Restricted Period”), Executive shall not compete with
the Company or the Affiliated Group, by directly or indirectly engaging in any business or
activity, whether as an employee, consultant, partner, principal, agent, representative or
stockholder or in any other individual, corporate or representative capacity, or render any
services or provide any advice or substantial assistance to any business, person or entity, if such
business, person or entity, directly or indirectly, competes (or, to Executive’s knowledge after
due inquiry, intends to compete or is preparing to compete during the Restricted Period) with the

19

 

Business of the Company or the Affiliated Group in any material manner. It is the intention
of the parties that the potential restrictions on Executive’s activities imposed by this paragraph
be and are reasonable in duration, scope and geography and in all other respects. For purposes of
this Section 12, “Business” shall mean the business of marketing, developing, producing and
researching new fruit or vegetable seeds and fruit or vegetable plants, or any other material
businesses entered into by the Company or the Affiliated Group during the Term, or with respect to
which the Company or the Affiliated Group has taken material steps to enter into as of the
termination of Executive’s employment. During the Restricted Period, Executive shall make himself
reasonably available at the request of the EVP to provide the EVP and the Company with Executive’s
knowledge, experience and skill with respect to all matters involving the business of the Company
and its affiliates with which Executive is personally familiar, including, without limitation,
assisting with existing or future investigations, proceedings, litigations or examinations
involving the Company or any of its affiliates relating to periods during which Executive was
employed by the Company; provided, however, that Executive shall be available for a
period of no more than five (5) days per calendar quarter, subject to not interfering with
Executive’s work schedule. For each day, or part thereof, that Executive provides assistance to
the EVP and the Company as contemplated hereunder, the Company shall pay Executive an amount equal
to (x) divided by (y), where (x) equals the Executive’s annual Base Salary as in effect immediately
prior to his employment termination date, and (y) equals 365. In addition, upon presentment of
satisfactory documentation, the Company will reimburse Executive for reasonable out-of-pocket
travel, lodging and other incidental expenses he incurs in providing such assistance.

20

 

     12.4 Except as is required or appropriate in the furtherance of the business of the Company or
the Affiliated Group, Executive shall not, during the Restricted Period, either alone or in concert
with others, directly or indirectly, (1) solicit, entice, induce or encourage (a) any customer of
the Company or the Affiliated Group (including, during the Term, the Company’s affiliates) to
discontinue using the services or purchasing the products of the Company or the Affiliated Group
(including, during the Term, the Company’s affiliates), (b) any customer to refer prospective
customers or business to any competitor of the Company or the Affiliated Group (including, during
the Term, the Company’s affiliates) or (c) any person or entity that is part of any existing or
proposed arrangement or has any other affiliation with the Company or the Affiliated Group
(including, during the Term, the Company’s affiliates) to discontinue such relationship or
affiliation with the Company or its affiliates or (2) recruit or hire, or assist others in
recruiting or hiring, or otherwise solicit for employment, any consultants or employees of the
Company or its affiliates, or former consultants or employees of the Company or its affiliates
within six (6) months following their termination of employment.

     12.5 Upon request by the Company at any time during Executive’s employment or upon termination
of Executive’s employment with the Company for any reason, Executive shall promptly (1) return to
the Company or its affiliates all copies of all materials, including documentary or other recorded
materials, which are in Executive’s possession or control and which contain or embody any
Confidential Information of the Company or its affiliates and (2) deliver to the Company or its
affiliates all copies of any Work Product in Executive’s possession or control. Executive shall
not copy, reproduce or otherwise re-create in any fashion any of the items referenced above for
personal retention by Executive.

21

 

     12.6 Executive acknowledges and agrees that: (i) the purposes of the foregoing covenants are
to protect the goodwill and Work Product and Confidential Information of the Company and its
affiliates in connection with the transactions contemplated by the Merger Agreement, and to prevent
Executive from interfering with the business of the Company and the Affiliated Group as a result of
or following termination of Executive’s employment with the Company or the Affiliated Group, as
applicable, (ii) because of the nature of the business in which the Company and the Affiliated
Group are engaged and because of the nature of the Work Product and Confidential Information to
which Executive has access, it would be impractical and excessively difficult to determine the
actual damages to the Company and the Affiliated Group in the event Executive breached any of the
covenants of this Section 12; and (iii) remedies at law (such as monetary damages) for any breach
of Executive’s obligations under this Section 12 would be inadequate. Executive therefore agrees
and consents that if Executive commits any breach of a covenant under this Section 12 or threatens
to commit any such breach, the Company, and its affiliates shall have the right (in addition to,
and not in lieu of, any other right or remedy that may be available to each of them) to temporary
and permanent injunctive relief from a court of competent jurisdiction, without posting any bond or
other security and without the necessity of proof of actual damage. With respect to any provision
of this Section 12 finally determined by a court of competent jurisdiction to be unenforceable,
Executive and the Company and its affiliates hereby agree that such court shall have jurisdiction
to reform this Agreement or any provision hereof so that it is enforceable to the maximum extent
permitted by law, and the parties agree to abide by such court’s determination. If any of the
covenants of this Section 12 are determined to be wholly or partially unenforceable in any
jurisdiction, such determination

22

 

shall not be a bar to or in any way diminish the rights of the Company or its affiliates, as
applicable, to enforce any such covenant in any other jurisdiction.

     12.7 The provisions of this Section 12 shall remain in full force and effect until the
expiration of the period specified herein notwithstanding the earlier termination of Executive’s
employment hereunder or the Term.

     13. Beneficiaries; References. Executive shall be entitled to select (and change, to
the extent permitted under any applicable law) a beneficiary or beneficiaries to receive any
compensation or benefit payable hereunder following Executive’s death, and may change such
election, in either case by giving the Company written notice thereof. In the event of Executive’s
death or a judicial determination of his incompetence, reference in this Agreement to Executive
shall be deemed, where appropriate, to refer to his beneficiary, estate or other legal
representative. Any reference to the masculine gender in this Agreement shall include, where
appropriate, the feminine.

     14. Survivorship. The respective rights and obligations of the parties hereunder
shall survive any termination of this Agreement to the extent necessary to the intended
preservation of such rights and obligations.

     15. Governing Law; Consent to Jurisdiction.

     15.1 Governing Law. This Agreement shall be construed, interpreted and governed in
accordance with the laws of the State of California, without reference to rules relating to
conflicts of law.

     15.2 Consent to Jurisdiction. The parties hereto hereby agree and consent to be
subject to the exclusive jurisdiction of the courts of the State of California sitting in the
County of Los Angeles and the United States District Court for the Central District of the State of
California in

23

 

any suit, action or proceeding seeking to enforce any provision of, or based on any matter
arising out of or in connection with, this Agreement. Each party hereto hereby irrevocably waives,
to the fullest extent permitted by law, (i) any objection that it may now or hereafter have to
laying venue of any suit, action or proceeding brought in such courts, and (ii) any claim that any
suit, action or proceeding brought in such courts has been brought in an inconvenient forum.

     16. Effect on Prior Agreements.

     16.1 On the Effective Date, Executive shall receive a cash lump sum payment equal to
$1,987,588, reduced by applicable withholding, in payment of the value of the perquisites under
Section 4.2 of the Prior Agreement, subject to Executive entering into and not revoking a receipt
and release substantially in the form set forth in Exhibit B hereto.

     16.2 This Agreement contains the entire understanding between the parties hereto. As of the
Effective Date, except as otherwise provided in Section 16.1, Executive waives all payments and
benefits under any prior or other employment agreement or understanding between the Company or any
affiliate of the Company and Executive, including, but not limited to, the Prior Agreement.

     17. Withholding. The Company may withhold from any amounts payable under this
Agreement such Federal, state, local or foreign taxes as shall be required to be withheld pursuant
to any applicable law or regulation, or may permit Executive to elect to pay the Company any such
required withholding taxes. If Executive so elects, the payment by Executive of such taxes shall
be a condition to the receipt of amounts payable to Executive under this Agreement. The Company
shall, to the extent permitted or required by law, have the right to deduct any such taxes from any
payment otherwise due to Executive.

24

 

     18. Counterparts. This Agreement may be executed in two or more counterparts, each of
which will be deemed an original.

     IN WITNESS WHEREOF, as of the date first above written, the Company has caused this Agreement
to be executed on its behalf by a duly authorized officer and Executive has hereunto set
Executive’s hand.

	 	 	 	 	 	 	 
	Seminis, Inc.	 	 	 	 
	 
	 	 	 	 	 	 
	By

	 	 	 	Date:	 	 
	

	 	 
	 	 	 	 
	Name:
	 	 	 	 	 	 
	Title:
	 	 	 	 	 	 
	

	 	 	 	Date:	 	 
	 	 	 	 	 
	Bruno Ferrari Garcia de Alba	 	 	 	 

25

 

EXHIBIT A

FORM OF RELEASE AGREEMENT

     This Release Agreement
(“Release”) is entered into as of
this           day of ___(hereinafter
“Execution Date”), by and between [Name of Executive] (hereinafter “Executive”), and Seminis, Inc.
and its successors and assigns (hereinafter, the “Company”). Executive and the Company are
sometimes collectively referred to herein as the “Parties”.

	1.  	Executive’s employment with the Company is terminated effective [Month, Day, Year]
(hereinafter “Termination Date”).

	2.  	The Company has agreed to provide Executive the severance payments, awards and benefits
provided for in his Employment Agreement with the Company, dated January ___, 2005, after he
executes this Release and the Release becomes effective pursuant to its terms [FOR 40+ and
does not revoke it as permitted in Section 7 below, the expiration of such revocation period
being] the (“Effective Date”).

	3.  	Executive represents that he has not filed, and will not file, any complaints, lawsuits,
administrative complaints or charges relating to his employment with the Company or the
termination thereof [; provided, however, that nothing contained in this
Section 3 shall prohibit Executive from bringing a claim to challenge the validity of the ADEA
Release in Section 7 herein]. In consideration of the severance payments, awards, benefits
and other payments described in Section 2, Executive, for himself and for his heirs,
administrators, representatives, executors, successors and assigns (collectively, “Releasers”)
agrees to release the Company, its subsidiaries and affiliates, and their respective parents,
direct or indirect subsidiaries, divisions, affiliates and related companies or entities,
regardless of its or their form of business organization, any predecessors, successors, joint
ventures, and parents of any such entity, and any and all of their respective past or present
shareholders, partners, directors, officers, employees, consultants, independent contractors,
trustees, administrators, insurers, agents, attorneys, representatives and fiduciaries,
including without limitation all persons acting by, through, under or in concert with any of
them, in each instance in their capacities as representatives of the Company (collectively,
the “Released Parties”), from any and all claims, charges, complaints, causes of action or
demands of whatever kind or nature that Executive and his Releasers now have or have ever had
against the Released Parties, whether known or unknown, relating to his employment with the
Company or the termination thereof, including but not limited to: wrongful or tortious
termination; constructive discharge; implied or express employment contracts and/or estoppel;
discrimination and/or retaliation under any federal, state or local statute or regulation,
specifically including any claims Executive may have under the Fair Labor Standards Act, the
Americans with Disabilities Act, Title VII of the Civil Rights Act of 1964 as amended, and the
Family and Medical Leave Act; the discrimination or other employment laws of the State of
California; any claims brought under any federal or state statute or regulation for nonpayment
of wages or other compensation, including grants of stock options or any other equity
compensation); and libel, slander, or breach of contract,

 

 

	  	other than the breach of this Release. This Release specifically excludes claims, charges,
complaints, causes of action or demand that post-date the Termination Date. Notwithstanding
anything herein to the contrary, expressly excluded from this Release are any claims (i) for
benefits provided under Company benefit plans, incentive plans or equity plans (including,
but not limited to, stock options, restricted stock units and stock grants) or (ii) for
indemnification and any applicable directors and officers liability insurance coverage to
which Executive was entitled with regard to service as an officer of the Company.

	4.  	Executive agrees to keep the terms of this Release in strict confidence, except where
necessary to comply with or enforce this Release or as may be required by any applicable law,
regulation or judicial process. Notwithstanding the foregoing, Executive may disclose the
terms of this Release and provide a copy hereof to his immediate family and his financial and
legal advisors.
	 
	5.  	Executive warrants that no promise or inducement has been offered for this Release other than
as set forth herein and in the Employment Agreement between the Parties dated [___]
and that this Release is executed without reliance upon any other promises or representations,
oral or written. Any modification of this Release must be made in writing and be signed by
Executive and the Company.
	 
	6.  	If any provision of this Release or compliance by Executive or the Company with any provision
of the Release constitutes a violation of any law, or is or becomes unenforceable or void,
then such provision, to the extent only that it is in violation of law, unenforceable or void,
will be deemed modified to the extent necessary so that it is no longer in violation of law,
unenforceable or void, and such provision will be enforced to the fullest extent permitted by
law. If such modification is not possible, such provision, to the extent that it is in
violation of law, unenforceable or void, will be deemed severable from the remaining
provisions of this Release, which provisions will remain binding on both Executive and the
Company. This Release is governed by, and construed and interpreted in accordance with the
laws of the State of California, without regard to principles of conflicts of law. Executive
consents to venue and personal jurisdiction in the State of California for disputes arising
under this Release. This Release represents the entire understanding with the Parties with
respect to subject matter herein, no oral representations have been made or relied upon by the
Parties.
	 
	7.  	[FOR EXECUTIVES OVER 40 ONLY — In further recognition of the above, Executive hereby
releases and discharges the Released Parties from any and all claims, actions and causes of
action that he may have against the Released Parties, as of the date of the execution of this
Release, arising under the Age Discrimination in Employment Act of 1967, as amended (“ADEA”),
and the applicable rules and regulations promulgated thereunder. Executive acknowledges and
understands that ADEA is a federal statute that prohibits discrimination on the basis of age
in employment, benefits and benefit plans. Executive specifically agrees and acknowledges
that: (A) the release in this Section 7 was granted in exchange for the receipt of
consideration that exceeds the amount to which he would otherwise be entitled to receive upon
termination of his employment; (B) his waiver of rights under this Release is knowing and
voluntary as required under the Older

2

 

	   	Workers Benefit Protection Act; (B) that he has read and understands the terms of this
Release; (C) he has hereby been advised in writing by the Company to consult with an
attorney prior to executing this Release; (D) the Company has given him a period of
twenty-one (21) days within which to consider this Release, which period may be waived by
the Executive’s voluntary execution prior to the expiration of the twenty-one day period;
and (E) following his execution of this Release he has seven (7) days in which to revoke his
release as set forth in this Section 7 only and that, if he chooses not to so revoke, the
Release in this Section 7 shall then become effective and enforceable and the payments,
awards and benefits provided herein shall then be made to him in accordance with the terms
of this Release, as well as the terms of the Employment Agreement. To revoke this Release,
Executive understands that he must give a written revocation to the General Counsel of the
Company at [                    ]1, either by hand delivery or certified mail within the
seven-day period. If he revokes the Release, it will not become effective or enforceable
and he will not be entitled to any benefits from the Company.]
	 
	8.  	EXECUTIVE ACKNOWLEDGES AND AGREES THAT HE HAS CAREFULLY READ AND VOLUNTARILY SIGNED THIS
RELEASE, THAT HE HAS HAD AN OPPORTUNITY TO CONSULT WITH AN ATTORNEY OF HIS CHOICE, AND THAT HE
SIGNS THIS RELEASE WITH THE INTENT OF RELEASING THE RELEASED PARTIES TO THE EXTENT SET FORTH
HEREIN.
	 
	9.  	Executive acknowledges that he is familiar with the provisions of California Civil Code
Section 1542, which provides as follows: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH
THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE
RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.
	 
	   	Executive being aware of said code section, hereby expressly waives any right he may have
thereunder, as well as under any other statutes or common law principles of similar effect.
	 
	10.  	This Release inures to the benefit of the Company and its parent, subsidiaries, affiliates,
successors and assigns.

ACCEPTED AND AGREED TO:

	 	 	 	 	 	 	 
	 	 	 
	Seminis, Inc.	 	[Executive Full Name]
	 
	 	 	 	 	 	 
	Dated:

	 	 	 	Dated:	 	 
	

	 	 
	 	 	 	 

	1	 	Insert address.

3

 

EXHIBIT
B

RECEIPT AND RELEASE

     The undersigned, Bruno Ferrari Garcia de Alba, hereby acknowledges receipt of a cash lump sum
payment equal to $1,987,588, reduced by applicable withholding, in full payment and satisfaction of
the value of the perquisites under Section 4.2 of the Employment Agreement by and between himself
and Seminis Merger Corp., the predecessor to the Company, dated May 30, 2003, which perquisites are
as follows: (i) after-tax vacation allowance of $7,700; (ii) family membership to a sport or social
club of Executive’s choice; (iii) use of two Company automobiles, including maintenance costs; (iv)
private school tuition for children (up to, but not including university education); (v) annual
expatriate allowance of 10% of Base Salary; (vi) a housing allowance of $36,000 per year net of
taxes; and (vii) bi-annual medical checkups for Executive and his spouse. Executive agrees, for
himself and for his heirs, administrators, representatives, executors, successors and assigns, to
release, remise and forever discharge Seminis, Inc., its subsidiaries and affiliates, any
successors and assigns, and parents of any such entity, and any and all of their respective
directors, officers and employees, from any claims, charges, complaints, causes of action or
demands for nonpayment of the value of such perquisites.

	 	 	 	 	 
	 	 	 
	 	 	Bruno Ferrari Garcia de Alba
	

	 	 	 	 
	

	 	Dated:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}]]