Document:

exhibit_1032.htm

    
      

      

    

    FIRST
AMENDMENT TO THE EXECUTIVE SAVINGS PLAN

    OF
TYSON FOODS, INC.

    

    THIS
FIRST AMENDMENT is made on this 31st day of December, 2008 by Tyson Foods, Inc.,
a corporation duly organized and existing under the laws of the State of
Delaware (the “Employer”).

    

    INTRODUCTION:

    

    WHEREAS,
the Employer maintains the Executive Savings Plan of Tyson Foods, Inc. (the
“Plan”), which was last amended and restated by an indenture effective as of
January 1, 2009; and

    

    WHEREAS,
the Employer now desires to amend the Plan to make a technical correction to the
term “Separation from Service” as that term is used under the Plan.

    

    NOW,
THEREFORE, the Employer does hereby amend the Plan, effective as of January 1,
2009, by deleting the existing Section 1.19 in its entirety and by substituting
therefor the following:

    

    “1.19           Separation from
Service.  ‘Separation from Service’ means the termination of
the service relationship between a Member and the Employer (and its affiliates)
if the termination constitutes a “separation from service” under Code Section
409A.  Notwithstanding the foregoing, the service relationship between
a Member and the Employer is considered to remain intact while the Member is on
military leave, sick leave or other bona fide leave of absence if there is a
reasonable expectation that the Member will return to perform services for the
Employer and the period of such leave does not exceed six months, or if longer,
so long as the individual retains a right to return to service with the Employer
under applicable law or contract.  Whether the Member has terminated
the Member’s service relationship with the Employer will be determined by the
Employer based on whether it is reasonably anticipated by the Employer and the
Member that the Member will permanently cease providing services to the Employer
(and its affiliates) or that the services to be performed by the Member will
permanently decrease to no more than twenty percent (20%) of the average level
of bona fide services performed by the Member over the immediately preceding
36-month period or such shorter period during which the Member was performing
services for the Employer (and its affiliates).  If a leave of absence
occurs during such 36-month or shorter period which is not considered a
Separation from Service, unpaid leaves of absence shall be disregarded and the
level of services provided during any paid leave of absence shall be presumed to
be the level of services required to receive the compensation paid with respect
to such leave of absence.”

    

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

    

    IN
WITNESS WHEREOF, the Employer has caused this First Amendment to be executed on
the day and year first above written.

    

    
      	 	 
      	 
      	 
      	 
      	
              TYSON
      FOODS, INC.

            	 
      
	 	 
      	 
      	 
      	
              By:

            	
              /s/
      Dennis Leatherby

            	 
      
	 	 
      	 
      	 
      	
              Title:

            	
              Exec.
      Vice President and Chief Financial Officer

            	 
      
	 	 
      	 
      	 
      	 
      	 
      	 
      
	 	
              ATTEST:

            	 
      	 
      	 
      	 
      
	 	
              By:

            	
              /s/
      R. Read Hudson

            	 
      	 
      	 
      	 
      
	 	
              Title

            	
              VP,
      Assoc. General Counsel and
      Secretaryexhibit_1034.htm

    
      

      

    

    THIRD
AMENDMENT

    TO
THE

    TYSON
FOODS, INC. 2000 STOCK INCENTIVE PLAN

    (AS
AMENDED AND RESTATED EFFECTIVE NOVEMBER 19, 2004)

     

    THIS THIRD AMENDMENT is
made as of the 20th day
of November, 2009, by Tyson Foods, Inc., a corporation organized and existing
under the laws of the State of Delaware (hereinafter called the
“Company”).

     

    W
I
T
N
E
S
S
E
T
H:

     

    WHEREAS, the Company
maintains the Tyson Foods, Inc. 2000 Stock Incentive Plan (the “Plan”), as such
Plan was amended and restated effective November 19, 2004;

     

    WHEREAS, the Company now
desires to amend the Plan to allow the Plan to qualify as an employee share plan
under the laws of the United Kingdom in granting stock incentives to employees
of its United Kingdom-registered subsidiaries;

     

    WHEREAS, due to a change in
the accounting rules governing equity incentives, the Company now desires to
amend the Plan to remove the restriction that shares of employer stock must be
held for at least six months before they can be surrendered to satisfy the
exercise price of an option; and

     

    WHEREAS, the Board of
Directors of the Primary Sponsor has authorized and approved the adoption of
these amendments.

     

    NOW, THEREFORE, the Company
does hereby amend the Plan, effective as of the date hereof, as
follows:

     

    1.           By
deleting the existing Section 1.1(o) and substituting therefor the
following:

     

    “(o)  ‘Participant’
means an individual who receives a Stock Incentive hereunder; provided, however,
that for purposes of delivering Stock Incentives to persons located in the
United Kingdom, only an employee who is on the payroll and performs duties as a
bona fide employee of a United Kingdom-registered Affiliate shall be eligible to
be a Participant hereunder.”

     

    2.           By
deleting the existing Section 2.4 and substituting therefore the
following:

     

    “2.4           Eligibility
and Limits.  Stock Incentives may be granted only to officers,
employees, directors, consultants and other service providers of the Company or
any Affiliate of the Company; provided, however, that an Incentive Stock Option
may only be granted to an employee of the Company or any
Subsidiary.  In the case of Incentive Stock Options, the aggregate
Fair Market Value (determined as at the date an Incentive Stock Option is
granted) of Stock with respect to which stock options intended to meet the
requirements of Code Section 422 become exercisable for the first time by an
individual during any calendar year under all plans of the Company and its
Subsidiaries may not exceed $100,000; provided further, that if the limitation
is exceeded, the Incentive Stock Option(s) which cause the limitation to be
exceeded will be treated as Nonqualified Stock
Option(s).  Notwithstanding any of the foregoing to the contrary, for
purposes of delivering Stock Incentives to persons located in the United
Kingdom, only an employee who is on the payroll and performs duties as a bona
fide employee of a United Kingdom-registered Affiliate shall be eligible to be a
Participant hereunder.”

     

    3.           By
deleting the existing Section 3.2(c)(1) and substituting therefore the
following:

     

    “(1)           by
delivery to the Company of a number of shares of Stock owned by the holder
having an aggregate Fair Market Value of not less than the product of the
Exercise Price multiplied by the number of shares the Participant intends to
purchase upon exercise of the Option on the date of delivery;”

     

    Except as
specifically provided herein, the Plan shall remain in full force and effect as
prior to this Third Amendment.

     

    IN WITNESS
WHEREOF, the Company has caused this Third Amendment to be executed on the day
and year first above written.

     

    
      	 
      	 
      	
              TYSON
      FOODS, INC.

            
	 
      	 
      	 
      
	 
      	
              By:

            	
               
      /s/ Dennis Leatherby

            
	 
      	 
      	
               
      Dennis Leatherby

            
	 
      	
              Title:

            	
               
      Exec.
      Vice President and Chief

            
	 	 	
               
      Financial
      Officer

            

    

     

    
      	 
      	
              Attest:

            	 
      
	 
      	 
      	 
      
	
              By:

            	
               
      /s/ R. Read Hudson

            	 
      
	 
      	
               
      R. Read Hudson

            	 
      
	
              Title:

            	
               Secretaryexhibit_1039.htm

    
      

      

    

    FIRST
AMENDMENT TO THE

    RETIREMENT
SAVINGS PLAN

    OF

    TYSON
FOODS, INC.

     

    (AS
AMENDED AND RESTATED AS OF JANUARY 1, 2008)

     

    This FIRST AMENDMENT is
made this 20th of November 2009, by TYSON FOODS, INC., a corporation duly
organized and existing under the laws of the State of Delaware (hereinafter
called the “Primary Sponsor”).

     

    WITNESSETH:

     

    WHEREAS, the Primary
Sponsor maintains the Retirement Savings Plan of Tyson Foods, Inc. (the “Plan”),
which was last amended and restated by an indenture generally effective as of
January 1, 2008;

     

    WHEREAS, the Primary
Sponsor now wishes to amend the Plan to eliminate future employer contributions
to Stock Match Accounts (as defined in the Plan) of otherwise eligible
participants;

     

    WHEREAS, the Primary
Sponsor also wishes to amend the Plan to update the Plan for final Treasury
Regulations issued under Section 415 of the Code, to update the Plan for certain
law changes required by the Pension Protection Act of 2006, to update the Plan
for the Heroes Earnings Assistance and Relief Tax Act of 2008, and to update the
Plan for the Worker, Retiree, and Employer Recovery Act of 2008;
and

     

    WHEREAS, the Board of
Directors of the Primary Sponsor has authorized and approved the adoption of
these amendments.

     

    NOW, THEREFORE, the Primary
Sponsor does hereby amend the Plan, effective as of January 1, 2008, except as
otherwise provided herein, as follows:

     

    1.           By
deleting the existing Section 1.1(c) and substituting therefor the
following:

     

    “(c)           ‘Stock
Match Account’ which shall reflect a Participant’s interest, if any, in
contributions made by a Plan Sponsor under Plan Section 3.3 respecting pay
periods beginning prior to December 27, 2009.”

     

    2.           By
deleting, effective for pay periods beginning on and after December 27, 2009,
the existing Section 1.3(c) and substituting therefore the
following:

     

    “(c)           in
determining the amount of contributions under Plan Section 3 (other than Section
3.3) and allocations under Plan Section 4 made by or on behalf of an Employee,
Annual Compensation shall not include (1) bonus compensation, except annual
bonus compensation of only those Participants who are not eligible to
participate in the Executive Savings Plan of Tyson Foods, Inc. (or any successor
plan) and other regularly scheduled bonus payments, (2) special non-recurring
forms of remuneration; and (3) employer contributions under the Tyson Foods,
Inc. Employee Stock Purchase Plan;”

     

    3.           By
deleting, effective for pay periods beginning on and after December 27, 2009,
the existing Section 1.3(e) in its entirety and substituting therefore the
following:

     

    “(e)           [Reserved.]”

     

    4.           By
deleting the word “and” at the end of the existing Section 1.3(e), by deleting
the period at the end of the existing Section 1.3(f) and substituting therefore
“; and”, and by adding the following new Section 1.3(g) to read as
follows:

     

    “(g)           effective
January 1, 2009, in accordance with Code Section 414(u)(12), Annual Compensation
shall include any differential wage payment (within the meaning of Code Section
3401(h)(2)) made by a Plan Sponsor to an individual who does not currently
perform services for the Plan Sponsor by reason of qualified military service
(within the meaning of Code Section 414(u)(5)) to the extent those payments do
not exceed the amounts the individual would have received if the individual had
continued to perform services for the Plan Sponsor.”

     

    5.           By
deleting, effective for pay periods beginning on and after December 27, 2009,
the existing Section 2.8 in its entirety and substituting therefore the
following:

     

    “2.8           [Reserved.]”

     

    6.           By
deleting Section 3.1(b)(2) and by substituting therefore the
following:

     

    “(2)           not
later than the immediately following April 15, the Plan may distribute the
amount designated to it under Paragraph (1) above, as adjusted in accordance
with Code Section 402(g) and applicable Treasury Regulations to reflect income,
gain, or loss attributable to it, and reduced by any ‘Excess Deferral Amounts,’
as defined in Appendix C hereto, previously distributed or recharacterized with
respect to the Participant for the Plan Year beginning with or within that
taxable year.”

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    7.           By
deleting, effective for pay periods beginning on and after December 27, 2009,
the existing Section 3.3 in its entirety and substituting therefore the
following:

     

    “3.3           [Reserved.]”

     

    8.           By
deleting, effective for pay periods beginning on and after December 27, 2009,
the existing Section 4.1 in its entirety and substituting therefore the
following:

     

    “4.1           Allocation
of Contributions.  As soon as reasonably practicable following
the date of withholding by the Plan Sponsor, if applicable, and receipt by the
Trustee, Plan Sponsor contributions made on behalf of each Participant under
Sections 3.1 and 3.2, and Rollover Amounts contributed by the Participant, shall
be allocated to the Salary Deferral Contribution Account, Employer Contribution
Account and Rollover Account, respectively, of the Participant on behalf of whom
the contributions were made.

     

    9.           By
adding, effective January 1, 2009, a new Section 6.6, as follows:

     

    “6.6           Special
Rule for Distributions During Uniformed Services.  A
Participant who is performing services in the uniformed services (as defined in
Chapter 43 of Title 38 of the United States Code) while on active duty for a
period of more than thirty (30) days shall be treated as having been severed
from employment during such period for purposes of Code Section
401(k)(2)(B)(i)(I) and may elect to receive a distribution of all or a portion
of his Salary Deferral Contribution Account, including Catch-Up
Contributions.  Any request for a distribution under this Section must
be made in the manner prescribed by the Plan Administrator and in accordance
with rules and conditions as the Plan Administrator may from time to time
adopt.  If a Participant elects a distribution pursuant to this
Section, the Participant may not make Elective Deferrals, including Catch-Up
Contributions, to the Plan or any other plan maintained by the Plan Sponsor
during the six-month period beginning on the date of the
distribution.”

     

    10.           By
deleting, effective January 1, 2011, the existing Section 7.1(b)(1) in its
entirety and substituting therefore the following:

     

    “(1)           a
lump sum payment in cash of the entire Account;”

     

    11.           By
adding the following to the end of Section 10.3:

     

    “Notwithstanding
the foregoing, if the Distributee is a non-spouse Beneficiary of a deceased
Participant and a direct trustee-to-trustee transfer is made to an individual
retirement account described in Code Section 408(a) or an individual retirement
annuity described in Code Section 408(b) (other than an endowment
contract):

     

    (a)           the
transfer shall be treated as an Eligible Rollover Distribution;

     

    (b)           the
individual retirement plan shall be treated as an inherited individual
retirement account or individual retirement annuity (within the meaning of Code
Section 408(d)(3)(C)); and

     

    (c)           Code
Section 401(a)(9)(B) (other than clause (iv) thereof) shall apply to such
plan.”

     

    12.           By
adding, effective January 1, 2009, the following to the end of Section
10.5:

     

    “Notwithstanding
the foregoing provisions of this Section 10.5 and Appendix E, a Participant or
Beneficiary who would have been required to receive minimum required
distributions for 2009 but for the enactment of Section 401(a)(9)(H) of the Code
(the ‘2009 RMDs’), and who would have satisfied that requirement by receiving
distributions that are (a) equal to the 2009 RMDs or (b) one or more payments in
a series of substantially equal distributions (that include the 2009 RMDs) made
at least annually and expected to last for life (or life expectancy) of the
Participant, the joint lives (or joint life expectancy) of the Participant and
the Participant’s designated Beneficiary, or for a period of at least ten (10)
years (the ‘Extended 2009 RMDs’), will not receive those distributions for 2009
unless the Participant or Beneficiary chooses to receive such
distributions.  Such Participants and Beneficiaries will be given the
opportunity to elect to receive the distributions and, notwithstanding Section
10.3 of the Plan, and solely for purposes of applying the direct rollover
provisions of the Plan, 2009 RMDs and Extended 2009 RMDs will be treated as
Eligible Rollover Distributions.”

     

     

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

     

    IN WITNESS
WHEREOF, the Primary Sponsor has caused this First Amendment to be executed as
of the day and year first above written.

     

     

    
      	 
      	 
      	
              TYSON
      FOODS, INC.

            
	 
      	 
      	 
      
	 
      	
              By:

            	
               
      /s/ Dennis Leatherby

            
	 
      	 
      	
               
      Dennis Leatherby

            
	 
      	
              Title:

            	
                Exec.
      Vice President and Chief

            
	 
      	 
      	
                Financial
      Officer

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