Document:

EXHIBIT 10.15

                                    AGREEMENT

AGREEMENT, dated November 29, 1989, by and between General Mills, Inc. a
Delaware corporation ("Protected") and Nestle S.A., a Swiss corporation
("Limited"), (Protected and Limited collectively, the "Parties").

WHEREAS, the Parties propose to enter into certain negotiations concerning a
possible joint venture between them (the "Joint Venture") and, in connection
with such negotiations and with the formation and operation of the Joint Venture
in the event agreement is reached in that connection, Limited has requested
access to certain confidential business information of Protected.

NOW, THEREFORE, in consideration of the mutual agreements contained herein and
in consideration of Protected's disclosure of the above-referenced confidential
business information to Limited (the scope and other terms of which disclosure
are not governed by this instrument), the Parties hereto agree, with the
intention of being legally bound, as follows:

1.       Certain Definitions

(a)      "Affiliate" and "Associate" shall have the respective meanings ascribed
         to such terms in Rule 12b-2 of the General Rules and Regulations, as
         currently in effect (the "Exchange Act Rules"), under the Securities
         Exchange Act of 1934, as amended, as currently in effect (the "Exchange
         Act").

(b)      "Beneficial Owner" shall have the meaning ascribed to such term in Rule
         13d-3 of the Exchange Act Rules, and, for the purposes of this
         Agreement, a Person shall have "Beneficial Ownership" of securities of
         which such Person is the Beneficial Owner.

(c)      "Common Stock" shall mean the common stock $.75 par value, of
         Protected.

(d)      "Protected Security" shall mean any equity or debt security of
         Protected, or right to acquire any such equity or debt security,
         including by purchase, conversion or exchange, including, but not
         limited to, Common Stock, preferred stock, notes, debentures and other
         evidences of indebtedness.

<PAGE>

(e)      "Group" shall mean any partnership, limited partnership, syndicate or
         other group within the meaning of Section 13(d)(3) of the Exchange Act.

(f)      "Participant" shall have the meaning ascribed to such term in
         Regulation 14A of the Exchange Act Rules.

(g)      "Person" shall mean any individual, firm, corporation, partnership,
         trust or other entity.

(h)      "Proxies" shall have the meaning ascribed to such term in Regulation
         14A of the Exchange Act Rules.

(i)      "Solicitation" shall have the meaning ascribed to such term in
         Regulation 14A of the Exchange Act Rules.

(j)      "Subsidiary" shall mean, with respect to any Person, any corporation
         which is controIled by such Person, by ownership of securities or
         otherwise.

2.       Representation and Warranty by Limited

         Limited represents and warrants to Protected that as of the date of
         this Agreement neither Limited nor any of its Affiliates or Associates,
         (other than employee benefit plans or pension trusts holding Protected
         Securities solely for investment purposes), is either the Beneficial
         Owner or has any control of any Protected Securities.

<PAGE>

3.       Certain Agreements by Limited

         Limited covenants with Protected that, without the prior written
         consent of Protected, Limited and its Affiliates and Associates, (other
         than employee benefit plans or pension trusts holding Protected
         Securities solely for investment purposes), singly or acting together,
         in concert, or as a Group with each other or any other Person, directly
         or indirectly through one or more intermediaries or otherwise, shall
         not:

(a)      acquire, offer to acquire or agree to acquire, by purchase or
         otherwise, Beneficial Ownership of, or become the Beneficial Owner of,
         or acquire an interest in, any Protected Securities or any of the
         assets of either Protected or any Subsidiary of Protected;

(b)      (i) directly or indirectly solicit proxies or become a participant in a
         solicitation of proxies with respect to any matter presented to
         Protected's stockholders for the exercise of their voting rights, or
         (ii) engage in any course of conduct for the purpose of influencing or
         affecting the stockholders of Protected with respect to the exercise of
         their voting rights on any matter presented for a vote by Protected's
         stockholders;

(c)      otherwise act to seek control of, or to influence, the Board of
         Directors, management, policies or affairs of either Protected or any
         Subsidiary of Protected;

(d)      publicly (or in a manner requiring Protected to disclose publicly)
         (i) propose any acquisition of any or all of the assets of Protected or
         any of its Subsidiaries, or any acquisition of any Protected
         Securities, or any merger, consolidation, business combination or
         similar transaction with, or change of control of, Protected or any of
         its Subsidiaries or its or their assets, (ii) make or propose a tender
         or exchange offer for any Protected Securities, (iii) propose or
         suggest the possibility of any of the other actions set forth in this
         section 3, or (iv) propose any amendment to, or modification or waiver
         of, any provision of this Agreement.

 (e)     solicit, initiate, encourage, finance or assist any other Person,
         Persons or Group to take or seek to take any action which Limited is
         precluded hereunder from taking itself.

<PAGE>

4.       Term of Agreement

         The term of this Agreement shall be the longer of (a) ten (10) years
         from the last date on which both Protected and Limited have an interest
         in the Joint Venture, or (b) ten (10) years from the date of the
         termination of negotiations between the Parties with respect to the
         formation of the Joint Venture in the event no such Joint Venture
         results therefrom.

5.       Miscellaneous

(a)      Applicable Law. This Agreement and the rights and liabilities of the
         Parties hereto shall be governed by and construed in accordance with
         the laws of the State of Delaware applicable to contracts made and to
         be performed therein.

(b)      Submission to Jurisdiction. Each of the Parties hereby agrees to submit
         to the exclusive jurisdiction of the United States District Court for
         the District of Minnesota, sitting in Minneapolis, Minnesota, in any
         legal action or proceeding relating to or arising out of this Agreement
         and all actions contemplated hereby. The Parties agree that service of
         process in any such legal action or proceeding in the manner provided
         in Section 5(e) hereof, in addition to any other means of service
         permitted by the laws and rules applicable to such court, shall be
         deemed valid service thereof.

(c)      Specific Performance. Limited agrees and acknowledges that in the event
         of any breach by it of the terms of this Agreement, Protected would be
         irreparably harmed and could not be made whole by monetary damages. It
         is accordingly agreed that Protected, in addition to any other remedy
         to which it may be entitled at law or in equity, shall be entitled to
         compel specific performance of this Agreement, and shall be entitled to
         mandatory injunctive or other relief, including the divestiture of
         Protected Securities by Limited, as may be necessary or appropriate to
         carry out the intent of the Parties with respect to this Agreement, in
         any action instituted in any court having subject matter jurisdiction
         thereof.

<PAGE>

(d)      Counterparts. This Agreement may be executed in any number of
         counterparts. Any single counterpart or set of counterparts signed by
         the Parties shall constitute a full and original Agreement for all
         purposes.

(e)      Notices. In any case where any notice, service of process or other
         communication is required or permitted to be given hereunder, such
         notice, service of process or other communication shall be in writing
         and (i) personally delivered, (ii) sent by postage prepaid registered
         first class post (if inland) or airmail (if overseas) or (except for
         service of process) (iii) transmitted by telex, telecopy or cable (with
         postage prepaid confirmation) at the following addresses (or such other
         address as the Parties may designate from time to time to each other by
         due notice pursuant to this Section 5(e)):

         If to Protected:        General Mills, Inc.
                                 Number One General Mills Boulevard
                                 Minneapolis, MN 55426
                                 Attention: General Counsel

         If to Limited:          Nestle S.A.
                                 Avenue Nestle 55
                                 CH - 1800 Vevey
                                 Attention: Legal Department

(f)      Successors. This Agreement shall be binding upon and inure to the
         benefit of the Parties hereto and their respective directors, officers,
         legal representatives, attorneys, successors and assigns, including any
         Person who may succeed to the assets or business of either Party by way
         of a consolidation, merger, sale of substantially all of such Party's
         assets or purchase of substantially all of such Party's stock. This
         Agreement shall not be assigned without the prior written consent of
         all the Parties hereto.

(g)      Entire Agreement. The terms and conditions contained herein constitute
         the entire agreement between the Parties relating to the subject matter
         of this Agreement and shall supersede all previous communications
         between the Parties with respect to the subject matter of this
         Agreement.

<PAGE>

(h)      Amendment. This Agreement may be varied, amended or extended only by
         the written agreement of the Parties through their duly authorized
         officers or representatives.

(i)      Expenses. Each of the Parties shall pay its own legal and other costs,
         charges and expenses connected with this Agreement and the perfomance
         of their obligations hereunder.

(j)      Severability. If any provision (or any part thereof) of this Agreement
         is held illegal or unenforceable in a judicial proceeding, such
         provision (or the affected part thereof) shall be severed from this
         Agreement to that extent and shall be inoperative so long as such
         judicial determination shall remain in effect, and the remainder of
         this Agreement shall otherwise remain binding on the Parties hereto, it
         being the intention of the parties, in the event any such provision is
         held illegal or unenforceable in part, that such provision be enforced
         to the fullest scope and extent permissible consistent with the
         original intent of such provision and the ruling of such judicial
         authority.

(k)      Headings. The descriptive headings of this Agreement are inserted for
         convenience only and do not constitute a part of this Agreement.

(l)      No Waiver of Rights. No failure or delay on the part of any Partv in
         the exercise of any power of right hereunder shall operate as a waiver
         thereof. No single or partial exercise of any right or power hereunder
         shall operate as a waiver of such right or power or of any other right
         or power. The waiver by any Party of a breach of any provision of this
         Agreement shall not operate or be construed as a waiver of any other or
         subsequent breach hereunder. All rights and remedies existing under
         this Agreement are cumulative with, and not exclusive of, any rights or
         remedies otherwise available.

(m)      Choice of Language. In the event of an inconsistency between any of the
         terms of this Agreement and any translation thereof into another
         language, the English language version shall control.

(n)      No Third-Party Rights. This Agreement shall not be deemed or construed
         in any way to result in the creation of any rights in any Person not a
         Party to this Agreement.

<PAGE>

(o)      Further Assurances. At the request of either Party hereto, the other
         Party hereto shall execute and deliver (and shall cause their
         Affiliates and Associates to execute and deliver) to such Party such
         other documents and instruments as may be reasonably necessary to
         implement or evidence the foregoing.

IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed
by their respective duly authorized officers as of the day and year first
written above.

Witness:                                      GENERAL MILLS, INC.

    /s/ C. L. Whitehill                   by:     /s/ M. H. Willes
----------------------------------            ----------------------------------

Witness:                                      NESTLE S.A.

    /s/ O. Dupont                         by:     /s/ Reto F. Domeniconi
----------------------------------            ----------------------------------
                                                  Reto F. Domeniconi
                                                  Executive Vice President

<PAGE>

                                    AGREEMENT

AGREEMENT, dated November 29, 1989, by and between Nestle S.A., a Swiss
corporation ("Protected") and General Mills, Inc., a Delaware corporation
("Limited"), (Protected and Limited collectively, the "Parties").

WHEREAS, the Parties propose to enter into certain negotiations concerning a
possible joint venture between them (the "Joint Venture") and, in connection
with such negotiations and with the formation and operation of the Joint Venture
in the event agreement is reached in that connection, Limited has requested
access to certain confidential business information of Protected.

NOW, THEREFORE, in consideration of the mutual agreements contained herein and
in consideration of Protected's disclosure of the above-referenced confidential
business information to Limited (the scope and other terms of which disclosure
are not governed by this instrument), the Parties hereto agree, with the
intention of being legally bound, as follows:

1.       Certain Definitions

(a)      "Affiliate" and "Associate" shall have the respective meanings ascribed
         to such terms in Rule 12b-2 of the General Rules and Regulations, as
         currently in effect (the "Exchange Act Rules"), under the Securities
         Exchange Act of 1934, as amended, as currently in effect (the "Exchange
         Act").

(b)      "Beneficial Owner" shall have the meaning ascribed to such term in Rule
         13d-3 of the Exchange Act Rules, (whether or not the relevant security
         shall be registered und the Exchange Act), and, for the purposes of
         this Agreement, a Person shall have "Beneficial Ownership" of
         securities of which such Person is the Beneficial Owner.

<PAGE>

(c)      "Shares" shall mean the shares, having a nominal value of 100 Swiss
         francs each, of Protected, whether in bearer form or registered form.

(d)      "Protected Security" shall mean any equity or debt security of
         Protected, or right to acquire any such equity or debt security,
         including by purchase, conversion or exchange, including, but not
         limited to, Shares, depositary receipts evidencing the right to receive
         Shares, preferred stock, notes, debentures and other evidences of
         indebtedness.

(e)      "Group" shall mean any partnership, limited partnership, syndicate or
         other group within the meaning of Section 13(d)(3) of the Exchange Act,
         (whether or not the relevant security shall be registered under the
         Exchange Act).

(f)      "Participant" shall have the meaning ascribed to such term in
         Regulation 14A of the Exchange Act Rules, (whether or not the relevant
         security shall be registered under the Exchange Act).

(g)      "Person" shall mean any individual, firm, corporation, partnership,
         trust or other entity.

(h)      "Proxies" shall have the meaning ascribed to such term in Regulation
         14A of the Exchange Act Rules, (whether or not the relevant security
         shall be registered under the Exchange Act).

(i)      "Solicitation" shall have the meaning ascribed to such term in
         Regulation 14A of the Exchange Act Rules, (whether or not the relevant
         security shall be registered under the Exchange Act).

(j)      "Subsidiary" shall mean, with respect to any Person, any corporation
         which is controlled by such Person, by ownership of securities or
         otherwise.

<PAGE>

2.       Representation and Warranty by Limited

         Limited represents and warrants to Protected that as of the date of
         this Agreement neither Limited nor any of its Affiliates or Associates,
         (other than employee benefit plans or pension trusts holding Protected
         Securities solely for investment purposes), is either the Beneficial
         Owner or has any control of any Protected Securities.

3.       Certain Agreements by Limited

         Limited covenants with Protected that, without the prior written
         consent of Protected, Limited and its Affiliates and Associates, (other
         than employee benefit plans or pension trusts holding Protected
         Securities solely for investment purposes), singly or acting together,
         in concert, or as a Group with each other or any other Person, directly
         or indirectly through one or more intermediaries or otherwise, shall
         not:

(a)      acquire, offer to acquire or agree to acquire, by purchase or
         otherwise, Beneficial Ownership of, or become the Beneficial Owner of,
         or acquire an interest in, any Protected Securities or any of the
         assets of either Protected or any Subsidiary of Protected;

(b)      (i) directly or indirectly solicit proxies or become a participant in a
         solicitation of proxies with respect to any matter presented to
         Protected's stockholders for the exercise of their voting rights, or
         (ii) engage in any course of conduct for the purpose of influencing or
         affecting the stockholders of Protected with respect to the exercise of
         their voting rights on any matter presented for a vote by Protected's
         stockholders;

(c)      otherwise act to seek control of, or to influence, the Board of
         Directors, management, policies or affairs of either Protected or any
         Subsidiary of Protected;

(d)      publicly (or in a manner requiring Protected to disclose publicly) (i)
         propose any acquisition of any or all of the assets of Protectedor any
         of its Subsidiaries, or any acquisition of any Protected Securities, or
         any merger, consolidation, business combination or similar transaction
         with, or change of control of, Protected or any of its Subsidiaries or
         its or their assets, (ii) make or propose a tender or exchange offer
         for

<PAGE>

         any Protected Securities, (iii) propose or suggest the possibility of
         any of the other actions set forth in this section 3, or (iv) propose
         any amendment to, or modification or waiver of, any provision of this
         Agreement.

(e)      solicit, initiate, encourage, finance or assist any other Person,
         Persons or Group to take or seek to take any action which Limited is
         precluded hereunder from taking itself.

4.       Term of Agreement

         The term of this Agreement shall be the longer of (a) ten (10) years
         from the last date on which both Protected and Limited have an interest
         in the Joint Venture, or (b) ten (10) years from the date of the
         termination of negotiations between the Parties with respect to the
         formation of the Joint Venture in the event no such Joint Venture
         results therefrom.

5.       Miscellaneous

(a)      Applicable Law. This Agreement and the rights and liabilities of the
         Parties hereto shall be governed by and construed in accordance with
         the laws of the State of New York applicable to contracts made and to
         be performed therein.

(b)      Submission to Jurisdiction. Each of the Parties hereby irrevocably and
         unconditionally consents to submit to the exclusive jurisdiction of the
         courts of the State of New York and of the United States of America
         located in the City of New York for any actions, suits or proceedings
         arising out of or relating to this Agreement and the transactions
         contemplated hereby (and each Party agrees not to commence any such
         action, suit or proceeding except in such courts), and further agrees
         that service of any process, summons, notice or document by U.S.
         registered mail to its address set forth below shall be effective
         service of process for any action, suit or proceeding brought against
         such Party in any such court. Each of the Parties hereby irrevocably
         and unconditionally waives any objection to the laying of venue of any
         action, suit or proceeding arising out of or relating to this Agreement
         or the transactions contemplated hereby in the courts of the State of
         New York or the United States of America located in the City of New
         York, and hereby further irrevocably and unconditionally waives and
         agrees not to plead or

<PAGE>

         claim in any such court that any such action, suit or proceeding
         brought in any such court has been brought in an inconvenient forum.

(c)      Specific Performance. Limited agrees and acknowledges that in the event
         of any breach by it of the terms of this Agreement, Protected would be
         irreparably harmed and could not be made whole by monetary damages. It
         is accordingly agreed that Protected, in addition to any other remedy
         to which it may be entitled at law or in equity, shall be entitled to
         compel specific performance of this Agreement, and shall be entitled to
         mandatory injunctive or other relief, including the divestiture of
         Protected Securities by Limited, as may be necessary or appropriate to
         carry out the intent of the Parties with respect to this Agreement, in
         any action instituted in any court having subject matter jurisdiction
         thereof.

(d)      Counterparts. This Agreement may be executed in any number of
         counterparts. Any single counterpart or set of counterparts signed by
         the Parties shall constitute a full and original Agreement for all
         purposes.

(e)      Notices. In any case where any notice, service of process or other
         communication is required or permitted to be given hereunder, such
         notice, service of process or other communication shall be in writing
         and (i) personally delivered, (ii) sent by postage prepaid registered
         first class post (if inland) or airmail (if overseas) or (except for
         service of process) (iii) transmitted by telex, telecopy or cable (with
         postage prepaid confirmation) at the following addresses (or such other
         address as the Parties may designate from time to time to each other by
         due notice pursuant to this Section 5(e)):

         If to Protected:        Nestle S.A.
                                 Avenue Nestle 55
                                 CH - 1800 Vevey
                                 Attention: Legal Department

         If to Limited:          General Mills, Inc.
                                 Number One General Mills Boulevard
                                 Minneapolis, MN 55426
                                 Attention: General Counsel

(f)      Successors. This Agreement shall be binding upon and inure to the
         benefit of the Parties hereto and their respective directors, officers,
         legal representatives, attorneys,

<PAGE>

         successors and assigns, including any Person who may succeed to the
         assets or business of either Party by way of a consolidation, merger,
         sale of substantially all of such Party's assets or purchase of
         substantially all of such Party's stock. This Agreement shall not be
         assigned without the prior written consent of all the Parties hereto.

(g)      Entire Agreement. The terms and conditions contained herein constitute
         the entire agreement between the Parties relating to the subject matter
         of this Agreement and shall supersede all previous communications
         between the Parties with respect to the subject matter of this
         Agreement.

(h)      Amendment. This Agreement may be varied, amended or extended only by
         the written agreement of the Parties through their duly authorized
         officers or representatives.

(i)      Expenses. Each of the Parties shall pay its own legal and other costs,
         charges and expenses connected with this Agreement and the performance
         of their obligations hereunder.

(j)      Severability. If any provision (or any part thereof) of this Agreement
         is held illegal or unenforceable in a judicial proceeding, such
         provision (or the affected part thereof) shall be severed from this
         Agreement to that extent and shall be inoperative so long as such
         judicial determination shall remain in effect, and the remainder of
         this Agreement shall otherwise remain binding on the Parties hereto, it
         being the intention of the parties, in the event any such provision is
         held illegal or unenforceable in part, that such provision be enforced
         to the fullest scope and extent permissible consistent with the
         original intent of such provision and the ruling of such judicial
         authority.

(k)      Headings. The descriptive headings of this Agreement are inserted for
         convenience only and do not constitute a part of this Agreement.

(l)      No Waiver of Rights. No failure or delay on the part of any Party in
         the exercise of any power of right hereunder shall operate as a waiver
         thereof. No single or partial exercise of any right or power hereunder
         shall operate as a waiver of such right or power or of any other right
         or power. The waiver by any Party of a breach of any provision of this

<PAGE>

         Agreement shall not operate or be construed as a waiver of any other or
         subsequent breach hereunder. All rights and remedies existing under
         this Agreement are cumulative with, and not exclusive of, any rights or
         remedies otherwise available.

(m)      Choice of Language. In the event of an inconsistency between any of the
         terms of this Agreement and any translation thereof into another
         language, the English language version shall control.

(n)      No Third-Party Rights. This Agreement shall not be deemed or construed
         in any way to result in the creation of any rights in any Person not a
         Party to this Agreement.

(o)      Further Assurances. At the request of either Party hereto, the other
         Party hereto shall execute and deliver (and shall cause their
         Affiliates and Associates to execute and deliver) to such Party such
         other documents and instruments as may be reasonably necessary to
         implement or evidence the foregoing.

IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed
by their respective duly authorized officers as of the day and year first
written above.

Witness:                                          NESTLE S.A.

    /s/ O. Dupont                         by:     /s/ Reto F. Domeniconi
----------------------------------            ----------------------------------
                                                  Reto F. Domeniconi
                                                  Executive Vice President

Witness:                                          GENERAL MILLS, INC.

    /s/ C. L. Whitehill                   by:     /s/ M. H. Willes
----------------------------------            ----------------------------------EXHIBIT 10.20

                               GENERAL MILLS, INC.

                STOCK OPTION AND LONG-TERM INCENTIVE PLAN OF 1993

                         As Amended Through July 1, 2000

<PAGE>

                               GENERAL MILLS, INC.

                STOCK OPTION AND LONG-TERM INCENTIVE PLAN OF 1993

1.       PURPOSE OF THE PLAN

         The purpose of the General Mills, Inc. Stock Option and Long-Term
         Incentive Plan of 1993 (the "Plan") is to attract and retain able
         employees by rewarding employees of General Mills, Inc., its
         subsidiaries and affiliates (defined as entities in which General
         Mills, Inc. owns an equity interest of 25% or more) (collectively, the
         "Company") who are responsible for the growth and sound development of
         the business of the Company, and to align the interests of all
         employees with those of the stockholders of the Company.

2.       EFFECTIVE DATE, DURATION AND SUMMARY OF PLAN

         A.       Effective Date and Duration

                  This Plan shall become effective as of September 20, 1993,
                  subject to the approval of the stockholders of the Company at
                  the Annual Meeting on September 20, 1993. Awards may be made
                  under the Plan until October 1, 1998.

         B.       Summary of Option Provisions for Participants

                  The stock option that will be awarded to employees under this
                  Plan gives a right to an employee to purchase at a future date
                  shares of General Mills, Inc. common stock at a fixed price.
                  As an employee, you will receive an "option certificate" in
                  your own name, which will contain the term and other
                  conditions of the option grant. In general, each certificate
                  will state the number of shares of General Mills that you can
                  purchase from the Company, the price at which you can purchase
                  the shares, and the date you can make your purchase. You will
                  not have any taxable income when you receive the option
                  certificate.

                  The price at which you may buy the General Mills shares will
                  be equal to the market price of the Company shares on the New
                  York Stock Exchange as of the day the option was awarded to
                  you. If, during the period that you must hold the option
                  certificate before you can use it, the price of General Mills
                  stock has risen, you will make a gain on exercising the option
                  certificate equal to the difference between the price shown on
                  the option certificate and the market price of General Mills
                  shares on the date you use your option to buy shares under the
                  terms of the option certificate. This gain is taxable to you.

                  You will never be obligated to buy shares of General Mills if
                  you do not wish to do so. After the necessary holding period
                  before you can use the certificate, you can continue to hold
                  the option certificate as an employee for up to ten years and
                  one month before making the decision whether or not to buy
                  shares of General Mills. After the full term of ten years and
                  one month, the

                                       -1-
<PAGE>

                  rights under the certificate will lapse and cannot then be
                  used by the employee.

                  In general, you cannot sell or assign the option certificate
                  to any other person, and the specific provisions which cover
                  your rights in the option certificate are covered in the full
                  text of the Plan.

3.       ADMINISTRATION OF THE PLAN

         The Plan shall be administered by the Compensation Committee (the
         "Committee"). The Committee shall be comprised solely of non-employee,
         independent members of the Board of Directors (the "Board") appointed
         in accordance with the Company's Certificate of Incorporation. Subject
         to the provisions of Section 14, the Committee shall have authority to
         adopt rules and regulations for carrying out the purpose of the Plan,
         select the employees to whom Awards will be made ("Participants"),
         determine the number of shares to be awarded and the other terms and
         conditions of Awards in accordance with the Plan provisions and
         interpret, construe and implement the provisions of the Plan; provided
         that if at any time Rule 16b-3 or any successor rule ("Rule 16b-3")
         under the Securities Exchange Act of 1934, as amended (the "1934 Act"),
         so permits, without adversely affecting the ability of the Plan to
         comply with the conditions for exemption from Section 16 of the 1934
         Act (or any successor provisions) provided by Rule 16b-3, the Committee
         may delegate its duties under the Plan in whole or in part, on such
         terms and conditions, to the Chief Executive Officer and to other
         senior officers of the Company; provided further, that only the
         Committee may select and make other decisions as to Awards to
         Participants who are subject to Section 16 of the 1934 Act and to other
         executives of the Company. The Committee (or its permitted delegate)
         may correct any defect or supply any omission or reconcile any
         inconsistency in any agreement relating to any Award under the Plan in
         the manner and to the extent it deems necessary. Decisions of the
         Committee (or its permitted delegate) shall be final, conclusive and
         binding upon all parties, including the Company, stockholders and
         Participants.

4.       COMMON STOCK SUBJECT TO THE PLAN

         The shares of common stock of the Company ($.10 par value) ("Common
         Stock") to be issued upon exercise of a Stock Option, awarded as
         Restricted Stock, or issued upon expiration of the restricted period
         for Restricted Stock Units, may be made available from the authorized
         but unissued Common Stock, shares of Common Stock held in the Company's
         treasury, or Common Stock purchased by the Company on the open market
         or otherwise. Approval of the Plan by the stockholders of the Company
         shall constitute authorization to use such shares for the Plan.

         The Committee, in its discretion, may require as a condition to the
         grant of Stock Options, Restricted Stock or Restricted Stock Units
         (collectively, "Awards"), the deposit of Common Stock owned by the
         Participant receiving such grant, and the forfeiture of such Awards, if
         such deposit is not made or maintained during the required holding
         period or the applicable restricted period. Such shares of deposited
         Common Stock may not be otherwise sold, pledged or disposed of during
         the applicable

                                       -2-
<PAGE>

         holding period or restricted period. The Committee may also determine
         whether any shares issued upon exercise of a Stock Option shall be
         restricted in any manner.

         Subject to the provisions of the next succeeding paragraph, the maximum
         aggregate number of shares of Common Stock authorized under the Plan
         for which Awards may be granted under the Plan is 8,000,000; provided
         that if during the term of the Plan the Company repurchases shares of
         Common Stock, on the open market or otherwise and in compliance with
         the rules and regulations of the Securities and Exchange Commission,
         additional Awards may be granted equal to the number of shares
         repurchased, subject that no more than 4,000,000 additional shares of
         Common Stock shall be authorized for Awards hereunder; and provided
         further that the total number of shares of Common Stock that shall be
         available for Restricted Stock and Restricted Stock Unit Awards under
         the Plan shall be limited to 4% of the total shares authorized for
         Award hereunder. The number of shares of Common Stock subject to Stock
         Options granted under this Plan to any one Participant shall not exceed
         10% of the total number of shares of Common Stock which may be issued
         under this Plan. Upon the expiration, forfeiture, termination or
         cancellation, in whole or in part, of unexercised Stock Options, or
         forfeiture of Restricted Stock or Restricted Stock Units, the shares of
         Common Stock subject thereto shall again be available for Awards under
         the Plan.

         In the event that the Committee determines that any dividend or other
         distribution (whether in the form of cash, Common Stock, securities of
         a subsidiary of the Company, other securities or other property),
         recapitalization, stock split, reverse stock split, reorganization,
         merger, consolidation, split-up, spin-off, combination, repurchase or
         exchange of Common Stock or other securities of the Company, issuance
         of warrants or other rights to purchase Common Stock or other
         securities of the Company, or other similar corporate transaction or
         event affects the Common Stock such that an adjustment is determined by
         the Committee to be appropriate to prevent dilution or enlargement of
         the benefits or potential benefits intended to be made available under
         the Plan, then the Committee may, in its sole discretion and in such
         manner as it may deem equitable, adjust any or all of (i) the number of
         shares of Common Stock subject to the Plan, (ii) the number of shares
         of Common Stock subject to outstanding Awards, and (iii) the grant or
         exercise price with respect to any Stock Option and, if deemed
         appropriate, make provision for a cash payment to the holder of an
         outstanding Stock Option; provided, that the number of shares of Common
         Stock subject to any Award shall always be a whole number.

5.       ELIGIBLE PERSONS

         Only persons who are employees of the Company and, except as expressly
         approved by the Committee, having three or more years of service, shall
         be eligible to receive Awards under the Plan ("Participants"). No Award
         shall be made to any member of the Committee or any other non-employee
         director of the Company.

                                       -3-
<PAGE>

6.       PURCHASE PRICE OF STOCK OPTIONS

         The purchase price for each share of Common Stock issuable under a
         Stock Option shall not be less than 100% of the Fair Market Value of
         the shares of Common Stock on the date of grant. "Fair Market Value" as
         used in the Plan shall equal the mean of the high and low price of the
         Common Stock on the New York Stock Exchange on the applicable date.

7.       STOCK OPTION TERM AND TYPE

         The term of any Stock Option as determined by the Committee shall not
         exceed 10 years and one month from the date of grant and shall expire
         as of the close of business on the last day of the designated term,
         unless terminated earlier under the provisions of the Plan. Stock
         Option grants under the Plan shall be Non-Qualified Stock Options
         governed by section 83 of the Internal Revenue Code of 1986, as amended
         (the "Code").

8.       EXERCISE OF STOCK OPTIONS

         Except as provided in Sections 12 and 13 (Change of Control and
         Termination of Employment), each Stock Option may be exercised only
         after five years of the Participant's continued employment with the
         Company.

         A Participant exercising a Stock Option shall give notice to the
         Company of such exercise and of the number of shares elected to be
         purchased prior to 4:30 P.M. CST/CDT on the day of exercise, which must
         be a business day at the executive offices of the Company. At the time
         of purchase, the Participant shall tender the full purchase price of
         the shares purchased. Until such payment has been made and a
         certificate or certificates for the shares purchased has been issued in
         the Participant's name, the Participant shall possess no stockholder
         rights with respect to such shares. Payment of such purchase price
         shall be made to the Company, subject to any applicable rule or
         regulation adopted by the Committee:

                  (i)      in cash (including check, draft, money order or wire
                           transfer made payable to the order of the Company);

                  (ii)     through the delivery of shares of Common Stock owned
                           by the Participant; or

                  (iii)    by a combination of (i) and (ii) above.

         For determining the amount of the payment, Common Stock delivered
         pursuant to (ii) or (iii) shall have a value equal to the Fair Market
         Value of the Common Stock on the date of exercise.

9.       RESTRICTED STOCK AND RESTRICTED STOCK UNITS

         With respect to Awards of Restricted Stock and Restricted Stock Units,
         the Committee shall:

                                       -4-
<PAGE>

                  (i)      select Participants to whom Awards will be made,
                           provided that Restricted Stock Units may only be
                           awarded to those employees of the Company who are
                           employed in a country other than the United States;

                  (ii)     determine the number of shares of Restricted Stock or
                           the number of Restricted Stock Units to be awarded;

                  (iii)    determine the length of the restricted period, which
                           shall be no less than three years;

                  (iv)     determine the purchase price, if any, to be paid by
                           the Participant for Restricted Stock or Restricted
                           Stock Units; and

                  (v)      determine any restrictions other than those set forth
                           in this Section 9.

                  Any shares of Restricted Stock granted under the Plan may be
                  evidenced in such manner as the Committee deems appropriate,
                  including, without limitation, book-entry registration or
                  issuance of stock certificates, and may be held in escrow.

                  Subject to the restrictions set forth in this Section 9, each
                  Participant who receives Restricted Stock shall have all
                  rights as a stockholder with respect to such shares, including
                  the right to vote the shares and receive dividends and other
                  distributions.

                  Each Participant who receives Restricted Stock Units shall be
                  eligible to receive, at the expiration of the applicable
                  restricted period, one share of Common Stock for each
                  Restricted Stock Unit awarded, and the Company shall issue to
                  and register in the name of each such Participant a
                  certificate for that number of shares of Common Stock.
                  Participants who receive Restricted Stock Units shall have no
                  rights as stockholders with respect to such Restricted Stock
                  Units until such time as share certificates for Common Stock
                  are issued to the Participants; provided, however, that
                  quarterly during the applicable restricted period for all
                  Restricted Stock Units awarded hereunder, the Company shall
                  pay to each such Participant an amount equal to the sum of all
                  dividends and other distributions paid by the Company during
                  the prior quarter on that equivalent number of shares of
                  Common Stock.

                  Subject to the provisions of Section 12, for awards of
                  Restricted Stock or Restricted Stock Units which have a
                  deposit requirement, a Participant will be eligible to vest
                  only in those shares of Restricted Stock or Restricted Stock
                  Units for which personally-owned shares are on deposit with
                  the Company as of the date the Participant's employment with
                  the Company terminates.

10.      NON-TRANSFERABILITY

         Except as otherwise provided in Section 9, no shares of Restricted
         Stock and no Restricted Stock Units shall be sold, exchanged,
         transferred, pledged, or otherwise disposed of during the restricted
         period. No Stock Options granted under this Plan shall be transferable
         by a Participant

                                       -5-
<PAGE>

         otherwise than (i) by the Participant's last will and testament or (ii)
         by the applicable laws of descent and distribution, and such Stock
         Options shall be exercised during the Participant's lifetime only by
         the Participant or his or her guardian or legal representative. Other
         than as set forth herein, no Award under the Plan shall be subject to
         anticipation, alienation, sale, transfer, assignment, pledge,
         encumbrance or charge, and any attempt to do so shall be void.

11.      WITHHOLDING TAXES

         It shall be a condition to the obligation of the Company to deliver
         shares upon the exercise of a Stock Option, the vesting of Restricted
         Stock or Restricted Stock Units and the corresponding issuance of
         shares of unrestricted Common Stock, that the Participant pay to the
         Company cash in an amount equal to all federal, state, local and
         foreign withholding taxes required to be collected in respect thereof.

         Notwithstanding the foregoing, to the extent permitted by law and
         pursuant to such rules as the Committee may adopt, a Participant may
         authorize the Company to satisfy any such withholding requirement by
         directing the Company to withhold from any shares of Common Stock to be
         issued, all or a portion of such number of shares as shall be
         sufficient to satisfy the withholding obligation, provided that in the
         case of the vesting of Restricted Stock or Restricted Stock Units, the
         number of shares of Common Stock to be issued equals or exceeds 500.

12.      CHANGE OF CONTROL

         Each outstanding Stock Option shall become immediately and fully
         exercisable for a period of one (1) year following the date of the
         following occurrences, each constituting a "Change of Control":

         (a)      The acquisition by any individual, entity or group (within the
                  meaning of Section 13(d)(3) or 14(d)(2) of the 1934 Act), (a
                  "Person") of beneficial ownership (within the meaning of Rule
                  13d-3 promulgated under the 1934 Act) of voting securities of
                  the Company where such acquisition causes such Person to own
                  20% or more of the combined voting power of the then
                  outstanding voting securities of the Company entitled to vote
                  generally in the election of directors (the "Outstanding
                  Voting Securities"); provided, however, that for purposes of
                  this subsection (a), the following acquisitions shall not be
                  deemed to result in a Change of Control: (i) any acquisition
                  directly from the Company, (ii) any acquisition by the
                  Company, (iii) any acquisition by any employee benefit plan
                  (or related trust) sponsored or maintained by the Company or
                  any corporation controlled by the Company or (iv) any
                  acquisition by any corporation pursuant to a transaction that
                  complies with clauses (i), (ii) and (iii) of subsection (c)
                  below; and provided, further, that if any Person's beneficial
                  ownership of the Outstanding Voting Securities reaches or
                  exceeds 20% as a result of a transaction described in clause
                  (i) or (ii) above, and such Person subsequently acquires
                  beneficial ownership of additional voting

                                       -6-
<PAGE>

                  securities of the Company, such subsequent acquisition shall
                  be treated as an acquisition that causes such Person to own
                  20% or more of the Outstanding Voting Securities; or

         (b)      Individuals who, as of the date hereof, constitute the Board
                  of Directors (the "Incumbent Board") cease for any reason to
                  constitute at least a majority of the Board; provided,
                  however, that any individual becoming a director subsequent to
                  the date hereof whose election, or nomination for election by
                  the Company's shareholders, was approved by a vote of at least
                  of a majority of the directors then comprising the Incumbent
                  Board shall be considered as though such individual were a
                  member of the Incumbent Board, but excluding, for this
                  purpose, any such individual whose initial assumption of
                  office occurs as a result of an actual or threatened election
                  contest with respect to the election or removal of directors
                  or other actual or threatened solicitation of proxies or
                  consents by or on behalf of a Person other than the Board; or

         (c)      The approval by the shareholders of the Company of a
                  reorganization, merger or consolidation or sale or other
                  disposition of all or substantially all of the assets of the
                  Company ("Business Combination") or, if consummation of such
                  Business Combination is subject, at the time of such approval
                  by stockholders, to the consent of any government or
                  governmental agency, the obtaining of such consent (either
                  explicitly or implicitly by consummation); excluding, however,
                  such a Business Combination pursuant to which (i) all or
                  substantially all of the individuals and entities who were the
                  beneficial owners of the Outstanding Voting Securities
                  immediately prior to such Business Combination beneficially
                  own, directly or indirectly, more than 60% of, respectively,
                  the then outstanding shares of common stock and the combined
                  voting power of the then outstanding voting securities
                  entitled to vote generally in the election of directors, as
                  the case may be, of the corporation resulting from such
                  Business Combination (including, without limitation, a
                  corporation that as a result of such transaction owns the
                  Company or all or substantially all of the Company's assets
                  either directly or through one or more subsidiaries) in
                  substantially the same proportions as their ownership,
                  immediately prior to such Business Combination of the
                  Outstanding Voting Securities, (ii) no Person (excluding any
                  employee benefit plan (or related trust) of the Company or
                  such corporation resulting from such Business Combination)
                  beneficially owns, directly or indirectly, 20% or more of,
                  respectively, the then outstanding shares of common stock of
                  the corporation resulting from such Business Combination or
                  the combined voting power of the then outstanding voting
                  securities of such corporation except to the extent that such
                  ownership existed prior to the Business Combination and (iii)
                  at least a majority of the members of the board of directors
                  of the corporation resulting from such Business

                                       -7-
<PAGE>

                  Combination were members of the Incumbent Board at the time of
                  the execution of the initial agreement, or of the action of
                  the Board, providing for such Business Combination; or

         (d)      approval by the stockholders of the Company of a complete
                  liquidation or dissolution of the Company.

         After such one (1) year period the normal option exercise provisions of
         the Plan shall govern. In the event a Participant is terminated as an
         employee of the Company or a subsidiary within two (2) years of any of
         the events specified in (a), (b), (c) or (d), all outstanding Stock
         Options at that date of termination shall become immediately
         exercisable for a period of six (6) months, subject to the provisions
         of Section 7.

         With respect to Stock Option grants outstanding as of the date of any
         such Change of Control which require the deposit of owned Common Stock
         as a condition to obtaining rights: (a) said deposit requirement shall
         be terminated as of the date of the Change of Control and any such
         deposited stock shall be promptly returned to the Participant; and (b)
         any restrictions on the sale of shares issued in respect of any such
         Stock Option shall lapse.

         In the event of a Change of Control, a Participant shall vest in all
         shares of Restricted Stock and Restricted Stock Units, effective as of
         the date of such Change of Control, and any deposited shares of Common
         Stock shall be promptly returned to the Participant.

13.      TERMINATION OF EMPLOYMENT

         A.       Resignation or Termination for Cause

                  If the Participant's employment by the Company is terminated
                  by either

                  (i)      the voluntary resignation of the Participant, or

                  (ii)     a Company discharge due to Participant's illegal
                           activities, poor work performance, misconduct or
                           violation of the Company's policies or practices,

                  then Participant's Stock Options shall terminate three months
                  after such termination (but in no event beyond the original
                  full term of the Stock Options) and no Stock Options shall
                  become exercisable after such termination, and all shares of
                  Restricted Stock and Restricted Stock Units which are subject
                  to restriction on the date of termination shall be forfeited.

         B.       Other Termination

                  If the Participant's employment by the Company terminates for
                  any reason other than specified in Sections 12, 13 A, C, D or
                  E, the following rules shall apply:

                                       -8-
<PAGE>

                  (i)      In the event that, at the time of such termination,
                           the sum of the Participant's age and service with the
                           Company equals or exceeds 70, the Participant's
                           outstanding Stock Options shall continue to become
                           exercisable, and shares of Restricted Stock and
                           Restricted Stock Units subject to share deposit
                           requirements shall continue to vest, each according
                           to the schedule established at the time of grant,
                           unless otherwise provided in the applicable Award
                           agreement. Shares of Restricted Stock and Restricted
                           Stock Units not subject to share deposit requirements
                           shall fully vest as of the date of termination. Stock
                           Options shall remain exercisable for the remaining
                           full term of such Stock Options.

                  (ii)     In the event that, at the time of such termination,
                           the sum of Participant's age and service with the
                           Company is less than 70, Participant's outstanding
                           unexercisable Stock Options and unvested Restricted
                           Stock and Restricted Stock Units shall become
                           exercisable or vest, as the case may be, as of the
                           date of termination, in a pro-rata amount based on
                           the full months of employment completed during the
                           full vesting period from the date of grant to the
                           date of termination with such newly-vested Stock
                           Options and Stock Options exercisable on the date of
                           termination remaining exercisable for the lesser of
                           one year from the date of termination and the
                           original full term of the Stock Option. All other
                           Stock Options, shares of Restricted Stock and
                           Restricted Stock Units shall be forfeited as of the
                           date of termination. Provided, however, that if the
                           Participant is an executive officer of the Company,
                           the Participant's outstanding Stock Options which, as
                           of the date of termination are not yet exercisable,
                           shall become exercisable effective as of the date of
                           such termination and, with all outstanding Stock
                           Options already exercisable on the date of
                           termination, shall remain exercisable for the lesser
                           of one year following the date of termination and the
                           original full term of the Stock Option, and all
                           shares of Restricted Stock and Restricted Stock Units
                           shall vest as of the date of termination.

         C.       Death

                  If a Participant should die while employed by the Company, any
                  Stock Option previously granted under this Plan may be
                  exercised by the person designated in such Participant's last
                  will and testament or, in the absence of such designation, by
                  the Participant's estate, to the full extent that such Stock
                  Option could have been exercised by such Participant
                  immediately prior to death. Further, with respect to
                  outstanding Stock Option grants which, as of the date of
                  death, are not yet exercisable, any such option grant shall
                  vest and become exercisable in a pro-rata amount, based on the
                  full months of employment completed

                                       -9-
<PAGE>

                  during the full vesting period of the Stock Option from the
                  date of grant to the date of death.

                  With respect to Stock Option grants which require the deposit
                  of owned Common Stock as a condition to obtaining exercise
                  rights, in the event a Participant should die while employed
                  by the Company, said Stock Options may be exercised as
                  provided in the first paragraph of this Section 13C, subject
                  to the following special conditions:

                  (i)      any restrictions on the sale of shares issued in
                           respect of any such Stock Option shall cease; and

                  (ii)     any owned Common Stock deposited by the Participant
                           pursuant to said grant shall be promptly returned to
                           the person designated in such Participant's last will
                           and testament or, in the absence of such designation,
                           to the Participant's estate, and all requirements
                           regarding deposit by the Participant shall be
                           terminated.

                  A Participant who dies during any applicable restricted period
                  shall vest in a proportionate number of shares of Restricted
                  Stock or Restricted Stock Units, effective as of the date of
                  death. Such proportionate vesting shall be pro-rata, based on
                  the number of full months of employment completed during the
                  restricted period prior to the date of death, as a percentage
                  of the applicable restricted period.

         D.       Retirement

                  The Committee shall determine, at the time of grant, the
                  treatment of the Stock Option upon the retirement of the
                  Participant. Unless other terms are specified in the original
                  Stock Option grant, if the termination of employment is due to
                  a Participant's retirement on or after age 55, the Participant
                  may exercise a Stock Option, subject to the original terms and
                  conditions of the Stock Option, including any Stock Option
                  granted under the Plan prior to such retirement. With respect
                  to Stock Option grants which require the deposit of owned
                  Common Stock as a condition to obtaining rights, any
                  restrictions on the sale of shares issued in respect of any
                  such Stock Option shall lapse at the date of any such
                  retirement.

                  A Participant who retires on or after the date he or she
                  attains age 65 shall fully vest in all shares of Restricted
                  Stock or Restricted Stock Units, effective as of the date of
                  retirement (unless any such award specifically provides
                  otherwise).

                  A Participant who takes early retirement (after age 55, but
                  prior to age 65) during any applicable restricted period may
                  elect either of the following alternatives with respect to
                  Restricted Stock or Restricted Stock Units (unless any such
                  award specifically provides otherwise):

                  (a)      Leave owned shares on deposit with the Company and
                           vest in all shares of Restricted Stock or Restricted
                           Stock Units, effective as of the earlier of the date
                           the

                                      -10-
<PAGE>

                           Participant attains age 65 or the termination date of
                           the applicable restricted period; or

                  (b)      Withdraw owned shares and vest in a proportionate
                           number of shares of Restricted Stock or Restricted
                           Stock Units, effective as of the date the shares on
                           deposit are withdrawn. Such proportionate vesting
                           shall be pro-rata, based on the number of full months
                           of employment completed during the restricted period
                           prior to the date of early retirement, as a
                           percentage of the applicable restricted period.

         E.       Spin-offs

                  If the termination of employment is due to the cessation,
                  transfer, or spin-off of a complete line of business of the
                  Company, the Committee, in its sole discretion, shall
                  determine the treatment of all outstanding Awards under the
                  Plan.

14.      AMENDMENTS OF THE PLAN

         The Plan may be terminated, modified, or amended by the Board of
         Directors of the Company. The Committee may from time to time
         prescribe, amend and rescind rules and regulations relating to the
         Plan. Subject to the approval of the Board of Directors, the Committee
         may at any time terminate, modify, or suspend the operation of the
         Plan, provided that no action shall be taken by the Board of Directors
         or the Committee without the approval of the stockholders of the
         Company which would:

                  (i)      materially increase the number of shares which may be
                           issued under the Plan;

                  (ii)     materially increase the benefits accruing to
                           Participants under the Plan; or

                  (iii)    materially modify the requirements as to eligibility
                           for participating in the Plan.

         The Board of Directors shall have authority to cause the Company to
         take any action related to the Plan which may be required to comply
         with the provisions of the Securities Act of 1933, as amended, the 1934
         Act, and the rules and regulations prescribed by the Securities and
         Exchange Commission. Any such action shall be at the expense of the
         Company.

         No termination, modification, suspension, or amendment of the Plan
         shall alter or impair the rights of any Participant pursuant to a prior
         Award without the consent of the Participant. There is no obligation
         for uniformity of treatment of Participants under the Plan.

15.      FOREIGN JURISDICTIONS

         The Committee may adopt, amend, and terminate such arrangements, not
         inconsistent with the intent of the Plan, as it may deem necessary or
         desirable to make available tax or other benefits of the laws of any

                                      -11-
<PAGE>

         foreign jurisdiction, to employees of the Company who are subject to
         such laws and who receive Awards under the Plan.

16.      NOTICE

         All notices to the Company regarding the Plan shall be in writing,
         effective as of actual receipt by the Company, and shall be sent to:

                  General Mills, Inc.
                  Number One General Mills Boulevard
                  Minneapolis, Minnesota 55426
                  Attention: Corporate Compensation

Effective September 20, 1993
As Amended June 27, 1994
As Amended February 26, 1996
   (effective as of August 10, 1994)
As Amended June 24, 1996
As Amended July 1, 2000

                                      -12-

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