Document:

EX-10.61

 Exhibit 10.61 
 First Amendment to Employment Agreement 
 This First Amendment
(“Amendment”) to the Employment Agreement dated September 1, 2004 (“Employment Agreement”) is made as of December 1, 2008 between DEL MONTE CORPORATION, a Delaware corporation, with its principal place of business in
San Francisco, California (“Corporation”) and RICHARD W. MUTO, an individual residing in the State of California (“Executive”). 
 RECITALS 
 WHEREAS, the Corporation and Executive entered into an
Employment Agreement dated September 1, 2004 (“Employment Agreement”) with respect to Executive’s employment with Corporation for the benefit of the Corporation and its parent, Del Monte Foods Company; and 

WHEREAS, the Corporation and Executive desire to amend the Employment Agreement to reflect Executive’s promotion to Senior Vice
President, Chief Human Resources Officer and the related compensation and severance benefit adjustments; and 
 WHEREAS, the
Corporation and Executive recognize that Internal Revenue Code Section 409A (“Section 409A”) was effective as of January 1, 2005 and has applied to the Employment Agreement since that date, subject to good faith compliance; and

 WHEREAS, the Corporation and the Executive desire to amend the Employment Agreement to meet the document compliance
provisions of Section 409A; and 
 WHEREAS, any reference in the Employment Agreement to a termination of employment is
intended to meet the definition of “separation from service” for purposes of Section 409A and shall be so interpreted. 
 NOW, THEREFORE, it is agreed that the Employment Agreement is amended as follows: 

AMENDMENT TO AGREEMENT 
 1. Title. Sections 1(a), 3(b) and 4(f)(ii)(A) of the Employment Agreement are each amended to replace the title “Vice President, Human Resources” with the title “Senior Vice
President, Chief Human Resources Officer.” 
 2. Duties. Section 1(b) of the Employment Agreement is
amended by deleting it in its entirety and replacing it with: 
 Executive shall serve in an executive capacity and shall perform
such duties as are consistent with Executive’s position as Senior Vice President, Chief Human Resources Officer and as may be reasonably required by the Del Monte Corporation Board of Directors (the “Board”). In such position,
Executive shall (i) plan and direct the development and implementation of policies and programs relating to human resource management for all Corporation locations; (ii) oversee 

 
employment, recruiting, labor relations, benefit plans, compensation, HRIS, training, safety, AA/EEO and corporate travel functions; and (iii) provide support and work with the Compensation
Committee of the Del Monte Foods Company Board of Directors on matters relating to executive compensation. 
 3.
Salary. Section 2(a) of the Employment Agreement is amended by deleting “One Hundred Ninety-Four Thousand Three Hundred Dollars ($194,300)” and replacing it with “Three Hundred Twenty-Five Thousand Dollars
($325,000)”. 
 4. Annual Bonus. Section 2(b) of the Employment Agreement is amended by deleting
“35%” and replacing it with “50%”. 
 5. Severance Benefits. Sections 4(e)(ii)(A),
4(e)(ii)(C), and 4(e)(ii)(D) of the Employment Agreement are each amended to delete all references to “twelve (12) months” and replace each with “eighteen (18) months”. 

6. Lump Sum Payment Upon Termination. Sections 4(b), 4(e)(ii)(A), 4(e)(ii)(D) and 4(g)(i) of the Employment Agreement are
each amended to provide that the amount shall be paid in a lump sum cash payment instead of equal installments (“Lump Sum Payment”) as of the date that is the expiration of the six-month period of delay for “specified employees”
under Section 409A after the Executive’s termination date. 
 7. Continuation of Health, Welfare &
Retirement Benefits. Section 4(e)(ii)(C) of the Employment Agreement is amended by adding at the end: 
 ;provided,
that the Corporation may provide such benefits through insurance or otherwise in the manner selected by the Corporation, as determined in its discretion with the intent to minimize the risks of legal noncompliance of the Corporation’s health
and welfare benefits plans. An amount equal to the sum of all Executive contributions for such health and welfare benefits (based on the current active employee rate(s)) for 18 months will be deducted from Executive’s Lump Sum Payment. In the
event Executive is covered by the health and welfare benefit plans or programs of a subsequent employer prior to the expiration of the 18-month period, the Corporation shall reimburse Executive for any health coverage contribution overpayment.

 8. Stock Incentive Awards. Section 4(e)(ii)(E) of the Employment Agreement is amended by deleting it in
its entirety and replacing it with: 
 Executive shall vest in any Incentive Award (as defined under the Del Monte Foods Company
2002 Stock Incentive Plan (“Plan”)) granted to Executive under the Plan on a pro-rated basis as of Executive’s termination date in accordance with the Corporation’s policy in effect on the date of this Amendment; provided,
however, pro-rata Incentive Awards that are performance share units shall either vest or forfeit on their respective performance measurement dates, provided, further, that upon vesting of any Incentive Award that is a stock option, Executive will
have ninety (90) days from that vesting date to exercise such stock options (or such time as provided by the option agreement); provided, further, that if 

  
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Executive is vested in any Incentive Award that is a Performance Accelerated Restricted Stock Units (PARS) or any other form of award subject to Code Section 409A, payment will be delayed
six (6) months if Executive is a “specified employee” for purposes of Code Section 409A in accordance with the Plan. 
 9. Gross-Up Payment. Section 4(g)(ii) of the Employment Agreement is amended by adding at the end: 
 Notwithstanding the foregoing, any Gross-up Payment must be paid to Executive by the end of the calendar year next following the calendar year in which the income taxes and Excise Tax are remitted to the
applicable taxing authority. 
 10. Compliance Terms. Section 4 of the Employment Agreement is amended by
adding new subsection (j) as follows: 
 (j) Section 409A Compliance Terms Notwithstanding the foregoing,
(A) the Corporation shall be permitted to accelerate any payment under this Employment Agreement by the Corporation to the federal government for any benefits payable under the Employment Agreement to make payments on behalf of Executive of
federal employment taxes under Code Sections 3101, 3121(a) or 3121(v)(2), or to comply with any federal tax withholding provisions or corresponding withholding provisions of applicable state, local or foreign tax laws as a result of the payment of
federal employment taxes, and to pay the additional income tax at source on wages attributable to the pyramiding Code Section 3401 wages and taxes; provided, however, that the total payment under this acceleration provision may not exceed the
aggregate of the applicable FICA amount, and the income tax withholding related to such FICA amount, and (B) the Corporation may permit acceleration of the payment of any benefits upon a good faith, reasonable determination by the Corporation,
upon advice of counsel, that the Employment Agreement or any arrangement hereunder fails to meet the requirements of Section 409A and the regulations hereunder; provided, however that such payments may not exceed the amount required to be
included in income as a result of any such failure; or (C) any acceleration permitted under Treas. Reg. § 1.409A-3(j)(4) may be made with respect to any payment under the Employment Agreement in the Corporation’s discretion.

 7. Except as expressly provided in this Amendment, all other provisions of the Employment Agreement shall remain in full
force and effect. 
 IN WITNESS WHEREOF, the parties have executed this Amendment as of the date set forth below. 

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 Signatures on following page.] 

  
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 IN WITNESS WHEREOF, the parties have executed this Amendment as of the date set forth below.

 EXECUTIVE: 
  

							
	 /s/ Richard W. Muto
	 		 	 12/29/08

	Richard W. Muto	 		 	Date
			
	 CORPORATION:
	 		 	
			
	 DEL MONTE CORPORATION
	 		 	
				
	By:	 	 /s/ David L. Meyers
	 		 	 12/29/08

	Name:	 	David L. Meyers	 		 	Date
	Title:	 	Executive Vice President Administration & Chief Financial Officer 	 		 	

  
 4EX-10.62

 Exhibit 10.62 
 Second Amendment to Employment Agreement 
 This Second Amendment to
Employment Agreement (the “Second Amendment”) is entered into as of July 21, 2009 and effective as of December 1, 2008, by and between DEL MONTE CORPORATION, a Delaware corporation, with its principal place of business in San
Francisco, California (“Corporation”) and RICHARD W. MUTO, an individual residing in the State of California (“Executive”). 
 RECITALS 
 WHEREAS, the Corporation and Executive entered into an
Employment Agreement dated September 1, 2004 (“Employment Agreement”) with respect to Executive’s employment with Corporation for the benefit of the Corporation and its parent, Del Monte Foods Company; and 

WHEREAS, pursuant to the First Amendment to Employment Agreement dated December 1, 2008 (the “First Amendment”), the
Corporation and Executive amended the Employment Agreement to reflect Executive’s promotion to Senior Vice President, Chief Human Resources Officer and to align the Executive’s severance benefits with those of other Company Senior Vice
Presidents who do not have employment agreements and receive all severance benefits exclusively through the Del Monte Corporation Executive Severance Plan; 
 WHEREAS, due to a drafting error, the First Amendment did not change Executive’s severance of 1.5 times base salary and target bonus in the event of a Termination Upon Change of Control (as such term
is used in the Employment Agreement) to 2.0 times base salary and target Bonus (which would have aligned such severance benefit as intended); 
 WHEREAS, the Corporation and the Executive desire to amend the Employment Agreement to achieve the alignment of severance benefits that had been intended by the First Amendment. 

NOW, THEREFORE, it is agreed that the Employment Agreement is amended as follows: 

AMENDMENT TO AGREEMENT 
 1. Termination Upon Change of Control. Section 4(g)(i) of the Employment Agreement is amended by deleting it in its entirety and replacing it with: 

Termination; Payment of Severance. In the event of Executive’s “Termination Upon Change of Control” (as defined
below), Executive shall receive the benefits set forth in Section 4(e), subject to the terms and conditions set forth therein, including without limitation Executive’s execution of a release in a form and substance satisfactory to the
Corporation; provided, however, that the payment set forth in Section 4(e)(ii)(A) shall be an amount equal to two (2) times Executive’s Base Salary and target Bonus and shall be paid in a lump sum cash payment instead of
equal installments (“Lump Sum Payment”) as of the date that is the expiration of the six-month period of delay for “specified employees” under Section 409A after the Executive’s termination date; provided,
further, that all of Executive’s outstanding stock and stock option awards shall vest and become immediately exercisable as provided in the Del Monte Foods Company 2002 Stock Incentive Plan, or any successor plan. 

 2. Except as expressly provided in this Amendment, all other provisions of the Employment
Agreement, as amended by the First Amendment, shall remain in full force and effect. 
 [Remainder of page intentionally
left blank. 
 Signatures on following page.] 

  
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 IN WITNESS WHEREOF, the parties have executed this Amendment as of the date set forth below.

  

							
	EXECUTIVE:	 		 	
			
	 /s/ Richard W. Muto
	 		 	 7/8/09

	Richard W. Muto	 		 	Date
			
	CORPORATION:	 		 	
			
	DEL MONTE CORPORATION	 		 	
				
	By:	 	 /s/ David L. Meyers
	 		 	 7/21/09

	Name:	 	David L. Meyers	 		 	Date
	Title:	 	 Executive Vice President

Administration & Chief Financial

Officer
	 		 	

  
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