Document:

exv10w1

 

Exhibit 10.1

SECOND AMENDMENT TO

THE SIXTH AMENDED AND RESTATED

SYSCO CORPORATION

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

     THIS SECOND AMENDMENT TO THE SIXTH AMENDED AND RESTATED SYSCO CORPORATION SUPPLEMENTAL
EXECUTIVE RETIREMENT PLAN (this “Amendment”).

     WHEREAS, Sysco Corporation (the “Company”) has adopted that certain Sixth Amended and
Restated Sysco Corporation Supplemental Executive Retirement Plan (the “Plan”) pursuant to
a plan document effective generally as of January 1, 2005; and

     WHEREAS, the Board of Directors of the Company has determined to amend the Plan to change its
definition of “Eligible Earnings” to include any amount payable to participants under the Sysco
Corporation 2006 Supplemental Performance Based Bonus Plan.

     NOW, THEREFORE, the Plan is hereby amended as follows, effective as of July 2, 2006:

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

     1. Article I of the Plan is hereby amended by deleting the existing paragraph
(b) in the definition of “Eligible Earnings” and replacing it with the following:

     (b) (i) the salary, plus (ii) any amount under the Management Incentive Plan,
that is paid to a Participant by the Company with respect to a given Plan Year
ending after July 2, 2005 (including any amount deferred under the Sysco Corporation
Executive Deferred Compensation Plan, but excluding any amounts related to
“Additional Shares” or “Additional Cash Bonus” (as such terms are defined in the
Management Incentive Plan)); and (iii) any amount under the Sysco Corporation 2006
Supplemental Performance Based Bonus Plan, as may be amended from time to time, and
any successor plan, that is paid to a Participant by the Company with respect to a
given Plan Year ending after July 1, 2006.

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

     IN WITNESS WHEREOF, the Company has caused this First Amendment to be executed this 12th day
of September, 2006.

	 	 	 	 	 
	 	SYSCO CORPORATION

 	 
	 	By:  	/s/ Michael C. Nichols
 	 
	 	 	Name:  	Michael C. Nichols 	 
	 	 	Title:  	Senior Vice President, General Counsel and
Corporate Secretary 	 
	 

	 	 	 	 	 
	ATTEST:	 	 
	 
	 	 	 	 
	By:

	 	/s/ Thomas P. Kurz
 

Title: Assistant Secretaryexv10w2

 

Exhibit 10.2

FIRST AMENDMENT TO

THE THIRD AMENDED AND RESTATED

SYSCO CORPORATION

EXECUTIVE DEFERRED COMPENSATION PLAN

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

     WHEREAS, Sysco Corporation (the “Company”) has adopted that certain Third Amended and
Restated Sysco Corporation Executive Deferred Compensation Plan (the “Plan”) pursuant to a
plan document effective generally as of January 1, 2005; and

     WHEREAS, the Board of Directors of the Company has determined to amend the Plan to change its
definition of “MIP Bonus” to include any performance bonus payable under the Sysco Corporation 2006
Supplemental Performance Based Bonus Plan.

     NOW, THEREFORE, the Plan is hereby amended as follows, effective as of July 2, 2006:

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

     1. Article I of the Plan is hereby amended by deleting the existing definition of “MIP Bonus”
in its entirety and replacing it with the following:

“MIP Bonus. ‘MIP Bonus’ means a bonus awarded or to be awarded to the
Participant under (i) the Management Incentive Plan; and/or (ii) the Sysco
Corporation 2006 Supplemental Performance Based Bonus Plan, as may be amended from
time to time, and any successor plan with respect to a given Plan Year ending after
July 1, 2006.”

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

     IN WITNESS WHEREOF, the Company has caused this First Amendment to be executed this 12th day
of September, 2006, effective as set forth herein.

	 	 	 	 	 
	 	SYSCO CORPORATION

 	 
	 	By:  	/s/ Michael C. Nichols
 	 
	 	 	Name:  	Michael C. Nichols 	 
	 	 	Title:  	Senior Vice President, General Counsel and Corporate Secretary 	 
	 

	 	 	 	 	 
	ATTEST:	 	 
	 
	 	 	 	 
	By:

	 	/s/ Thomas P. Kurz
 

Title: Assistant Secretaryexv10w3

 

Exhibit 10.3

[Letter to Named Executive Officers

Under the SYSCO Corporation 2004 Long-Term Incentive Cash Plan]

____________________, 2006

PERSONAL AND CONFIDENTIAL

[Name]

[Street Address]

[City, State, Zip]

Dear [Grantee]:

In recognition of your long-term commitment to SYSCO and its customers and of your expected future
contributions to our corporate financial objectives, you have been granted [___] “performance
units” under the SYSCO Corporation 2004 Long-Term Incentive Cash Plan (the “Plan”). The value
assigned to each of your performance units is $35.00.

Subject to the terms and conditions of the Plan, these performance units represent your right to
receive a cash bonus of up to 150% of the total value of your units, consisting of two components.
Any bonus payable will equal the sum of:

(A) up to 75% of the total value of your units, if and to the extent that SYSCO
attains certain increases in net after-tax earnings per share during the
“performance period” (July 2, 2006 through June 27, 2009), set by the Compensation
Committee of SYSCO’s Board of Directors; plus

(B) up to 75% of the total value of your units, if and to the extent that SYSCO
attains certain increases in sales (as adjusted to reflect product cost inflation
or deflation) during the performance period, set by the Compensation Committee.

Enclosed for your review are copies of the Plan document, a beneficiary designation form,
instructions for completing the beneficiary designation form and other explanatory materials. All
of the enclosed documents are important legal documents that should be reviewed carefully and kept
in a safe place. If you are a new participant or would like to change your designated beneficiary
under the Plan, please complete the enclosed beneficiary designation form as soon as possible, and
return it to Connie Brooks. If you completed the beneficiary designation form last year, you do
not have to complete it again this year unless you want to change your designated beneficiary.

Thank you for your hard work and service. Your efforts, which are an integral part of SYSCO’s
growth and progress, are deeply appreciated. If you should have any questions about your
performance unit grant or the Plan, please contact Mike Nichols.

	 	 	 
	 

	 	Sincerely,
	 
	 	 
	 

	 	John K. Stubblefield, Jr.
	 

	 	Executive Vice President, Finance and
Chief Financial Officerexv10w1

 

Exhibit 10.1

			
	
	 	890 Winter Street

Suite 300

Waltham, MA 02451

617.254.4050
	 	 	 
	 
	 	Fax: 617.560.1552

September 8, 2006

			
	Anadarko Canada LNG Marketing Corp. 

c/o Anadarko Petroleum Corporation 

1201 Lake Robbins Drive 

The Woodlands, Texas 77380

Attn: Manager, Commercial Development 

Fax: (832) 636-8263
	 	Via E-mail and

Facsimile
	 	 	 
	Anadarko Canada LNG Marketing Corp. 

c/o Anadarko Petroleum Corporation 

1201 Lake Robbins Drive 

The Woodlands, Texas 77380

Attn: Gas Marketing Operations Manager 

Fax: (832) 636-7215	 	 

Gentlemen:

	Re:  	 	Precedent Agreement between Maritimes & Northeast Pipeline Limited Partnership and
Anadarko Canada LNG Marketing Corp.

Thank you for your letter of September 1, 2006, in which you provided an update on the status of
your LNG supply acquisition. In your letter, you also request a one-year extension of the supply
demonstration condition provision under the Precedent Agreement between our two companies.

By way of background, Maritimes & Northeast Pipeline Limited Partnership (“Maritimes”) and
Anadarko Canada LNG Marketing Corp. (“Anadarko”) are parties to a (i) Precedent Agreement
(“Precedent Agreement”); and (ii) Service Agreement for Toll Schedule MN365 (“Service Agreement”),
each of which was made and entered into on June 29, 2005 (collectively, the “Agreements”). The
Agreements were amended by that certain letter agreement dated May 3, 2006, between Maritimes and
Anadarko (“May 3 Agreement”).

In your September 1, 2006 letter, you explain the continued efforts Anadarko has made to secure
supply for the Bear Head LNG terminal. You note the tightness of world LNG supplies and slippage
of proposed projects as challenges you have encountered. In addition, your September 1, 2006
letter explains that Anadarko has not reached agreement with an LNG supplier to satisfy the Bear
Head LNG receiving terminal throughput requirements.

In the May 3 Agreement, Anadarko and Maritimes agreed to a four-month extension of the expiration
date associated with Maritimes’ termination option under Paragraph 10(F) of the
Precedent Agreement to no later than September 10, 2006. As you know, under Paragraph 10(F),
Maritimes has the right to terminate the Agreements, if Anadarko has failed to demonstrate that it
has arranged for an adequate quantity of LNG supplies to support the operation of the Bear Head
LNG terminal when considering the primary term of Anadarko’s Service Agreement. In accordance with

 

 

September 8, 2006

Page 2

Paragraph 3 of the May 3 Agreement, Maritimes hereby gives written notice of termination of the
Agreements, which termination, pursuant to Paragraph 10(F), is effective immediately.

We note in your September 1, 2006 letter that your efforts to obtain LNG supplies for Bear Head
remain ongoing. If and when you are successful in securing LNG supplies for Bear Head, we would be
interested in discussing transportation service on Maritimes in connection with a future expansion
of the system.

Regards,

Douglas P. Bloom

President

Maritimes & Northeast Pipeline Management Ltd.,

General Partner of

Maritimes & Northeast Pipeline Limited Partnership

cc:      David Anderson (Anadarko) (fax no. (832) 636-8093)

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