Document:

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                                                                   EXHIBIT 10(z)

                                SYSCO CORPORATION

                              EQUITY DEFERRAL PLAN

                                                         Effective April 1, 2002

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                                SYSCO CORPORATION
                              EQUITY DEFERRAL PLAN

                                TABLE OF CONTENTS

<Table>
<S>                                                                                                              <C>
ARTICLE I         PURPOSE AND AUTHORIZED SHARES...................................................................3
   1.1    Purposes................................................................................................3
   1.2    Shares Available........................................................................................3
   1.3    Relationship to Plans...................................................................................3

ARTICLE II        DEFINITIONS.....................................................................................4
   2.1    Already-Owned Shares....................................................................................4
   2.2    Alternative Exercise....................................................................................4
   2.3    Alternative Exercise Agreement..........................................................................4
   2.4    Beneficiary.............................................................................................4
   2.5    Board of Directors......................................................................................4
   2.6    Change of Control.......................................................................................4
   2.7    Change of Control Payout Benefit........................................................................5
   2.8    Change of Control Payout Election.......................................................................5
   2.9    Code....................................................................................................5
   2.10   Committee...............................................................................................5
   2.11   Common Stock............................................................................................5
   2.12   Company.................................................................................................5
   2.13   Conversion Date.........................................................................................5
   2.14   Deferred Share..........................................................................................5
   2.15   Deferred Share Account..................................................................................6
   2.16   Disability..............................................................................................6
   2.17   Dividend Equivalent.....................................................................................6
   2.18   Effective Date..........................................................................................6
   2.19   Eligible Individual.....................................................................................6
   2.20   Employee Participant....................................................................................6
   2.21   Exchange Act............................................................................................6
   2.22   Exercise Shares.........................................................................................6
   2.23   FICA Withholding Election...............................................................................6
   2.24   Gain Shares.............................................................................................6
   2.25   Fair Market Value.......................................................................................7
   2.26   Interest Rate...........................................................................................7
   2.27   Management Incentive Plan...............................................................................7
   2.28   Non-Employee Director...................................................................................7
   2.29   Non-Employee Director Participant.......................................................................7
   2.30   Participant.............................................................................................7
   2.31   Plan....................................................................................................7
   2.32   Plan Year...............................................................................................7
   2.33   Qualifying Option or Qualifying Stock Option............................................................7
   2.34   Retirement..............................................................................................7
   2.35   Rule 16b-3..............................................................................................8
   2.36   Securities Act..........................................................................................8
   2.37   Share...................................................................................................8
   2.38   Stock Plans.............................................................................................8
   2.39   Subsidiary..............................................................................................8
   2.40   Sysco...................................................................................................8
   2.41   Termination.............................................................................................8
   2.42   Voting Securities.......................................................................................8
</Table>

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<Table>
<S>                                                                                                              <C>
ARTICLE III     PARTICIPATION.....................................................................................9
   3.1    General Participation Requirements......................................................................9
   3.2    Manner and Timing of Election...........................................................................9
   3.3    Execution of Alternative Exercise Agreement by the Company..............................................9

ARTICLE IV      ALTERNATIVE EXERCISE OF OPTIONS..................................................................11
   4.1    Form of Agreement......................................................................................11
   4.2    Limited Ability to Exercise Option.....................................................................12
   4.3    Termination of Alternative Exercise Agreements.........................................................12
   4.4    FICA Withholding Election..............................................................................12
   4.5    Other Terms of Alternative Exercise Agreements.........................................................12

ARTICLE V       DEFERRED SHARE ACCOUNTS..........................................................................14
   5.1    Crediting of Deferred Shares...........................................................................14
   5.2    Dividend Equivalent Credits to Deferred Share Accounts.................................................14
   5.3    Adjustments in Case of Changes in Common Stock.........................................................14

ARTICLE VI      VESTING..........................................................................................16

ARTICLE VII     DISTRIBUTIONS....................................................................................17
   7.1    Form of Distributions..................................................................................17
   7.2    Timing of Distributions................................................................................17
   7.3    Manner of Distribution.................................................................................17
   7.4    Distributions for Employee Participants................................................................18
   7.5    Distributions for Non-Employee Director Participants...................................................18
   7.6    Hardship Withdrawals...................................................................................19
   7.7    Expenses Incurred in Enforcing the Plan................................................................19
   7.8    Withholding of Taxes...................................................................................20
   7.9    Effect of a Change of Control..........................................................................20

ARTICLE VIII    ADMINISTRATION...................................................................................22
   8.1    Committee Appointment..................................................................................22
   8.2    Committee Organization and Voting......................................................................22
   8.3    Powers of the Committee................................................................................22
   8.4    Committee Discretion...................................................................................23
   8.5    Reimbursement of Expenses..............................................................................23

ARTICLE IX      AMENDMENT AND/OR TERMINATION.....................................................................24
   9.1    Amendment or Termination of the Plan...................................................................24
   9.2    No Retroactive Effect on Benefits......................................................................24
   9.3    Effect of Termination..................................................................................24

ARTICLE X       FUNDING..........................................................................................25
   10.1   Payments Under This Agreement are the Obligation of the Company........................................25
   10.2   Agreement May be Funded Through Rabbi Trust............................................................25
   10.3   Participants Must Rely Only on General Credit of the Company...........................................25

ARTICLE XI      MISCELLANEOUS....................................................................................27
   11.1   Limitation of Rights...................................................................................27
   11.2   Beneficiary Designation................................................................................27
   11.3   Distributions to Incompetents or Minors................................................................28
   11.4   Receipt and Release....................................................................................28
   11.5   Nonalienation of Benefits..............................................................................28
   11.6   Reliance Upon Information..............................................................................28
   11.7   Severability...........................................................................................29
   11.8   Compliance with Laws...................................................................................29
</Table>

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<Table>
<S>                                                                                                             <C>
   11.9   Plan Construction......................................................................................29
   11.10  Notice.................................................................................................29
   11.11  Gender and Number......................................................................................29
   11.12  Governing Law..........................................................................................29
</Table>

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                                SYSCO CORPORATION

                              EQUITY DEFERRAL PLAN

         WHEREAS, Sysco Corporation has determined that it is desirable to
promote the ownership and retention of Shares by Eligible Individuals and to
enable Eligible Individuals to defer compensation that would otherwise be
realized upon the exercise of a Qualifying Option and ultimately receive such
deferred compensation in the form of Shares by establishing, effective April 1,
2002, the Sysco Corporation Equity Deferral Plan, as set forth herein; and

         WHEREAS, the Plan hereby established is intended to constitute an
unfunded plan of deferred compensation for non-employee directors of Sysco
Corporation and a select group of management or highly compensated employees.

         NOW, THEREFORE, Sysco Corporation hereby adopts the Sysco Corporation
Equity Deferral Plan as follows:

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                                    ARTICLE I

                          PURPOSE AND AUTHORIZED SHARES

         1.1 Purposes. The purpose of this Plan is to promote the ownership and
retention of Shares by Eligible Individuals and to enable Eligible Individuals
to defer compensation that would otherwise be realized upon exercise of a
Qualifying Option and ultimately receive the deferred compensation in the form
of Shares.

         1.2 Shares Available. The number of Shares that may be issued under
each of the Stock Plans as part of this Plan is limited to the aggregate number
of Shares that were the subject of the Qualifying Options granted under such
Stock Plans that are exercised pursuant to Article IV in exchange for the
crediting of Deferred Shares under this Plan. Shares payable under this Plan in
respect of Dividend Equivalents shall be delivered under the Sysco Corporation
2000 Stock Incentive Plan and charged against the applicable Share limits under
such plan; provided, that Shares in respect of Dividend Equivalents may be
issued under other authority of the Board of Directors, or, if Shares for any
reason cannot be delivered under the Sysco Corporation 2000 Stock Incentive Plan
and in the absence of Board authority, Dividend Equivalents may be paid (in the
sole discretion of the Committee) in cash.

         1.3 Relationship to Plans. This Plan constitutes a deferred
compensation plan providing alternative settlements under and as contemplated by
the Stock Plans in respect of nonqualified stock options granted thereunder.
This Plan also contemplates the grant of Deferred Shares under and as
contemplated by the Stock Plans. This Plan and all rights under it are provided
and shall be subject to and construed consistently with the other terms of the
Stock Plans, as the case may be, except as the context otherwise requires.

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                                   ARTICLE II

                                   DEFINITIONS

         Whenever the following initially capitalized words and phrases are used
in the Plan, they shall have the meanings specified below unless the context
clearly indicates to the contrary:

         2.1 Already-Owned Shares. "Already-Owned Shares" means Shares owned by
an Eligible Individual; provided, however, that Shares acquired by an Eligible
Individual from the Company under an option or other employee benefit plan
maintained by the Company or otherwise must be held by the Eligible Individual
for at least six months in order to qualify as Already-Owned Shares and, if
Shares are used to pay the exercise price of an option or other award, such
Shares may not be reused as payment of the exercise price of another option or
award within six months of such prior use.

         2.2 Alternative Exercise. "Alternative Exercise" means the exercise of
all or a portion of a Qualifying Stock Option under this Plan with Already-Owned
Shares in exchange for a combination of Exercise Shares and Deferred Shares
under this Plan.

         2.3 Alternative Exercise Agreement. "Alternative Exercise Agreement"
means an agreement entered into between the Company and an Eligible Individual
in accordance with Article IV of this Plan pursuant to which the Eligible
Individual elects to defer all or a portion of the Gain Shares from the exercise
of the Qualifying Option in the form of Deferred Shares.

         2.4 Beneficiary. "Beneficiary" means a person or entity designated
under the terms of this Plan to receive any amounts distributed under the Plan
upon the death of the Participant.

         2.5 Board of Directors. "Board of Directors" means the Board of
Directors of Sysco.

         2.6 Change of Control. "Change of Control" means the occurrence of one
or more of the following events:

                  (a) Any "person," including a "syndication" or "group" as
those terms are used in Section 13(d)(3) of the Exchange Act, is or becomes the
beneficial owner, directly or indirectly, of securities of Sysco representing
20% or more of the combined voting power of Sysco's then outstanding Voting
Securities;

                  (b) Sysco is merged or consolidated with another corporation
and immediately after giving effect to the merger or consolidation either (i)
less than 80% of the outstanding Voting Securities of the surviving or resulting
entity are then beneficially owned in the aggregate by (x) the stockholders of
Sysco immediately prior to

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such merger or consolidation, or (y) if a record date has been set to determine
the stockholders of Sysco entitled to vote on such merger or consolidation, the
stockholders of Sysco as of such record date, or (ii) the Board of Directors, or
similar governing body, of the surviving or resulting entity does not have a
majority of its members the persons specified in clause (c) below;

                  (c) If at any time the following do not constitute a majority
of the Board of Directors of Sysco (or any successor entity referred to in
clause (b) above): Persons who, prior to their election as a director of Sysco
(or successor entity if applicable) were nominated, recommended or endorsed by a
formal resolution of the Board of Directors of Sysco;

                  (d) If at any time during a calendar year a majority of the
directors of Sysco are not persons who were directors at the beginning of the
calendar year; and

                  (e) Sysco transfers substantially all of its assets to another
corporation which is a less than 80% owned subsidiary of Sysco.

         2.7 Change of Control Payout Benefit. "Change of Control Payout
Benefit" shall have the meaning set forth in Section 7.9(d).

         2.8 Change of Control Payout Election. "Change of Control Payout
Election" shall have the meaning set forth in Section 7.9(d).

         2.9 Code. "Code" means the Internal Revenue Code of 1986, as amended
from time to time.

         2.10 Committee. "Committee" means the persons who are from time to time
serving as members of the committee administering this Plan.

         2.11 Common Stock. "Common Stock" means the common stock of Sysco, $1
par value, subject to adjustment pursuant to Section 5.3 of this Plan.

         2.12 Company. "Company" means Sysco and its Subsidiaries.

         2.13 Conversion Date. "Conversion Date" means the date on which an
Eligible Individual exercises all or a portion of a Qualifying Option in
accordance with the Alternative Exercise procedures under this Plan.

         2.14 Deferred Share. "Deferred Share" means a unit of measurement which
is deemed solely for bookkeeping purposes to be equivalent to one outstanding
Share (subject to Section 5.3) for purposes of this Plan.

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         2.15 Deferred Share Account. "Deferred Share Account" means the
bookkeeping account maintained by the Company on behalf of each Participant
which is credited with Deferred Shares in accordance with Section 5.1(a),
Dividend Equivalents thereon in accordance with Section 5.2, and cash in
accordance with Section 5.3.

         2.16 Disability. "Disability" means, with respect to an Employee
Participant, a physical or mental condition that meets the eligibility
requirements for the receipt of disability income under the terms of the
Disability Income Plan sponsored by Sysco for those employees participating in
the Management Incentive Plan, which determination of "Disability" shall be made
without regard to whether the Participant is eligible to participate in such
Plan.

         2.17 Dividend Equivalent. "Dividend Equivalent" means the amount of
cash dividends or other cash distributions paid by Sysco on that number of
Shares equal to the number of Deferred Shares credited to a Participant's
Deferred Share Account as of the applicable record date for the dividend or
other distribution, which amount shall be credited in the form of additional
Deferred Shares to the Deferred Share Account of the Participant, as provided in
Section 5.2.

         2.18 Effective Date. "Effective Date" means April 1, 2002.

         2.19 Eligible Individual. "Eligible Individual" means any person who
(i) holds a Qualifying Option and (ii) is either (A) a "participant" under and
as such term is defined in the Management Incentive Plan at all times while the
Committee is reviewing the Alternative Exercise Agreement received pursuant to
Section 3.3, or (B) a Non-Employee Director; provided, however, that the term
"Eligible Individual" shall not include any person whose income is subject to
the Canadian tax laws.

         2.20 Employee Participant. "Employee Participant" means a Participant
who is an Employee of Sysco or any of its Subsidiaries.

         2.21 Exchange Act. "Exchange Act" means the Securities Exchange Act of
1934, as amended from time to time.

         2.22 Exercise Shares. "Exercise Shares" means the Shares delivered by
Sysco upon the Alternative Exercise of a Qualifying Option with Already-Owned
Shares.

         2.23 FICA Withholding Election. "FICA Withholding Election" shall have
the meaning set forth in Section 4.4.

         2.24 Gain Shares. "Gain Shares" shall have the meaning set forth in
Section 4.1(a).

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         2.25 Fair Market Value. "Fair Market Value" means, for any given
business day, the closing price of Common Stock on the New York Stock Exchange.

         2.26 Interest Rate. "Interest Rate" means the monthly average of the
Moody's Average Corporate Bond Yield for the calendar year ending prior to the
beginning of the Plan Year, plus 1%, compounded annually.

         2.27 Management Incentive Plan. "Management Incentive Plan" means the
Sysco Corporation 2000 Management Incentive Plan, as amended from time to time,
any successor plan, and, at the discretion of the Committee, any other
management incentive plan of Sysco.

         2.28 Non-Employee Director. "Non-Employee Director" means all members
of the Board of Directors who are not otherwise employed by Sysco or any of its
Subsidiaries.

         2.29 Non-Employee Director Participant. "Non-Employee Director
Participant" means a Participant who is a Non-Employee Director.

         2.30 Participant. "Participant" means any person who has Deferred
Shares credited to a Deferred Share Account under this Plan.

         2.31 Plan. "Plan" means the Sysco Corporation Equity Deferral Plan as
set forth in this document and amended from time to time.

         2.32 Plan Year. "Plan Year" means a one-year period which coincides
with the fiscal year of Sysco. Sysco has a 52/53 week fiscal year beginning on
the Sunday next following the Saturday closest to June 30th of each calendar
year.
         2.33 Qualifying Option or Qualifying Stock Option. "Qualifying Option"
or "Qualifying Stock Option" means (i) any stock option granted under one of the
Stock Plans on or after the Effective Date (ii) which is a nonqualified stock
option at the time an Alternative Exercise election is made; provided, however,
that an option shall not be a "Qualifying Option" or a "Qualifying Stock Option"
if it will expire, by its terms, before the end of the six-month period
commencing with the date on which the Alternative Exercise election is received
by the Committee; provided further, however, that the Committee, in its sole and
absolute discretion, may treat a nonqualified stock option granted under one of
the Stock Plans before the Effective Date as a "Qualifying Option" or a
"Qualifying Stock Option" for purposes of this Plan.

         2.34 Retirement. "Retirement" means any termination of the employment
of an Employee Participant from all Companies on or after attaining age 65.

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         2.35 Rule 16b-3. "Rule 16b-3" means Rule 16b-3 promulgated under the
Exchange Act.

         2.36 Securities Act. "Securities Act" means the Securities Act of 1933,
as amended from time to time.

         2.37 Share. "Share" means a share of Common Stock.

         2.38 Stock Plans. "Stock Plans" means the Sysco Corporation 1991 Stock
Option Plan, Sysco Corporation 2000 Stock Incentive Plan, Sysco Corporation
Amended and Restated Non-Employee Director Stock Option Plan, and the Sysco
Corporation Non-Employee Director Stock Plan, as amended from time to time, and,
at the discretion of the Committee, any other stock option plan of Sysco or any
Company, whether currently in effect or adopted after the Effective Date.

         2.39 Subsidiary. "Subsidiary" means (a) any corporation which is a
member of a "controlled group of corporations" which includes Sysco, as defined
in Code Section 414(b), (b) any trade or business under "common control" with
Sysco, as defined in Code Section 414(c), (c) any organization which is a member
of an "affiliated service group" which includes Sysco, as defined in Code
Section 414(m), (d) any other entity required to be aggregated with Sysco
pursuant to Code Section 414(o), and (e) any other organization or employment
location designated, by resolution of the Board of Directors, as a "Subsidiary"
for purposes of this Plan.

         2.40 Sysco. "Sysco" means Sysco Corporation, the sponsor of this Plan.

         2.41 Termination. "Termination" means (a) in the case of an Employee
Participant, such Participant's termination from the employ of the Company for
any reason, including death, Disability, Retirement, or other voluntary or
involuntary termination, and (b) in the case of a Non-Employee Director
Participant, such Participant's resignation or removal from the Board of
Directors for any reason, including death or disability.

         2.42 Voting Securities. "Voting Securities" means any security which
ordinarily possesses the power to vote in the election of the Board of Directors
without the happening of any precondition or contingency.

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                                   ARTICLE III

                                  PARTICIPATION

         3.1 General Participation Requirements. An Eligible Individual may
elect to exercise all or a portion of a Qualifying Option under and subject to
the Alternative Exercise provisions set forth herein and to receive a credit of
Deferred Shares under this Plan. Notwithstanding anything in this Plan to the
contrary, a Participant in this Plan who is no longer an Eligible Individual may
not make an Alternative Exercise election.

         3.2 Manner and Timing of Election. An Alternative Exercise election may
only be made by an Eligible Individual completing and executing a form of
Alternative Exercise Agreement which meets the requirements of Article IV and
submitting such form to the Committee after the Effective Date. Notwithstanding
anything in this Plan to the contrary, no Alternative Exercise election shall be
effective until the Eligible Individual's Alternative Exercise Agreement has
been executed by the Committee in accordance with Section 3.3.

         3.3 Execution of Alternative Exercise Agreement by the Company. Upon
receipt of an Eligible Individual's Alternative Exercise Agreement, the
Committee shall review the Agreement to determine whether the option subject to
the Eligible Individual's Alternative Exercise election is a Qualifying Stock
Option, and whether the Eligible Individual's Alternative Exercise election
complies with the terms of the Plan and applicable laws. If the option is not a
Qualifying Stock Option but is a nonqualified stock option granted under one of
the Stock Plans, the Committee, in its sole discretion, may consider whether to
treat the option as a "Qualifying Stock Option" for purposes of this Plan in
accordance with Section 2.33. The Committee shall not execute any Alternative
Exercise Agreement if the option subject to the Eligible Individual's
Alternative Exercise election is not a Qualifying Stock Option (or treated as a
Qualifying Stock Option by exercise of Committee discretion pursuant to Section
2.33), or if the Eligible Individual's Alternative Exercise election fails in
any way to comply with the terms of the Plan and/or applicable laws. The
Committee shall have 30 days following its receipt of such Alternative Exercise
Agreement to conduct its review of the Eligible Individual's Alternative
Exercise Agreement. The Committee may require that the Eligible Individual
provide proof, in such form as is satisfactory to the Committee, that the stock
option subject to the Alternative Exercise Agreement is a Qualifying Stock
Option for purposes of this Plan, and that the Alternative Exercise election
complies with the terms of the Plan and applicable laws. Provided that the
Committee determines that the stock option subject to the Alternative Exercise
election is a Qualifying Stock Option, or elects to treat the option as a
Qualifying Stock Option by exercise of Committee discretion pursuant to Section
2.33, and that the

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Eligible Individual's Alternative Exercise election complies with the terms of
the Plan and applicable laws, the Company, acting through any of its officers,
shall execute the Alternative Exercise Agreement form submitted by such Eligible
Individual and deliver a copy of such fully-executed Alternative Exercise
Agreement to him or her as soon as administratively practicable after the end of
the Committee's 30-day review period.

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                                   ARTICLE IV

                         ALTERNATIVE EXERCISE OF OPTIONS

         4.1 Form of Agreement. Each Alternative Exercise Agreement with respect
to a Qualifying Stock Option shall be in such form approved by the Committee for
this purpose and shall comply with the requirements of this Section 4.1.

                  (a) Deferral Election. Each such Alternative Exercise
Agreement shall specify the portion of the Qualifying Stock Option or Qualifying
Stock Options that the Eligible Individual elects to exercise under this Plan
and shall provide that (a) the Eligible Individual will exercise all or the
specified portion of such Qualifying Stock Option(s) with Already-Owned Shares
having an aggregate fair market value (as defined in the applicable Stock Plan)
equal to the exercise price, which Already-Owned Shares shall be tendered via
attestation, for the number of Shares with respect to which the Qualifying Stock
Option is exercised and (b), upon exercise, the Company will credit to a
Deferred Share Account established for the Eligible Individual Deferred Shares
equal to (i) the number of Shares with respect to which the Qualifying Stock
Option is exercised, reduced by (ii) the number of Shares tendered to pay the
exercise price of the Qualifying Stock Option (the "Gain Shares").

                  (b) Other Elections and Designations. An Eligible Individual
may elect or designate on his or her Alternative Exercise Agreement, or on one
or more separate forms approved by the Committee, the following: (i) the FICA
Withholding Election, in accordance with Section 4.4, (ii) the form of
distribution, consistent with Section 7.3, and (iii) his or her Beneficiary or
Beneficiaries, consistent with Section 11.2. The FICA Withholding Election shall
only apply with respect to the Qualifying Stock Options subject to such
Alternative Exercise Agreement. An Eligible Individual's form of distribution
election and Beneficiary designation shall apply with respect to all Deferred
Shares (together with Dividend Equivalents thereon) credited to such
Individual's Deferred Share Account.

                  (c) Changes to Certain Elections. An Alternative Exercise
Agreement is irrevocable by the Eligible Individual once it is received by the
Committee; provided, however, that an Eligible Individual may change his or her
(i) Beneficiaries at any time in accordance with the requirements of Section
11.2, and (ii) form of distribution election in accordance with the requirements
of Section 7.3.

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         4.2 Limited Ability to Exercise Option. Any Qualifying Option (or
portion thereof) which is subject to an Alternative Exercise Agreement may not
be exercised at all during the six-month period following the date on which the
Committee receives the Eligible Individual's Alternative Exercise Agreement.

         4.3 Termination of Alternative Exercise Agreements. An Eligible
Individual's Alternative Exercise Agreement shall terminate and the related
Qualifying Option may be exercised in accordance with the terms of the
Qualifying Option without regard to the Alternative Exercise Agreement or the
restriction set forth in Section 4.2 if a Termination of an Eligible Individual
occurs prior to exercise; provided, however, that with respect to an Eligible
Individual who is both an employee of the Company and a member of the Board of
Directors when such Eligible Individual terminates employment with the Company,
such Eligible Individual's Alternative Exercise Agreement will not terminate as
a result of his or her termination of employment with the Company if the
Eligible Individual continues to serve as a member of the Board of Directors
following such termination, or (iii), unless the Committee otherwise provides, a
Change of Control occurs. As long as the individual continues to be employed by
the Company, the individual's Alternative Exercise Agreement will not terminate
because the individual is no longer a "participant" in the Management Incentive
Plan.

         4.4 FICA Withholding Election. Each Eligible Individual who is an
employee of Sysco may elect on his or her Alternative Exercise Agreement to pay
the FICA taxes the Company is required to withhold as a result of the
Alternative Exercise of a Qualifying Stock Option with Gain Shares having a Fair
Market Value equal to such FICA withholding taxes (such election, a "FICA
Withholding Election"). The appropriate number of Gain Shares required to
satisfy such FICA withholding tax obligation will be based on the Fair Market
Value of a Share on the day prior to the Conversion Date. If no FICA Withholding
Election is made on an Eligible Individual's Alternative Exercise Agreement,
such Eligible Individual shall be deemed to have elected not to pay FICA
withholding taxes with Gain Shares. Notwithstanding anything in this Plan to the
contrary, a FICA Withholding Election is irrevocable once the Alternative
Exercise Agreement has been received by the Committee. However, the FICA
Withholding Election shall only apply with respect to the Qualifying Stock
Options subject to such Alternative Exercise Agreement.

         4.5 Other Terms of Alternative Exercise Agreements. No Alternative
Exercise Agreement shall have the effect of extending the term or otherwise
changing the terms of any Qualifying Option (except as expressly

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contemplated hereby in respect of the consequences of an Alternative Exercise).
No Alternative Exercise Agreement may be amended or terminated except as
specifically provided in this Plan.

                                      -13-
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                                    ARTICLE V

                             DEFERRED SHARE ACCOUNTS

         5.1 Crediting of Deferred Shares.

                  (a) Crediting of Deferred Shares. As of the applicable
Conversion Date of a Qualifying Stock Option, an Eligible Individual's Deferred
Share Account shall be credited with the number of Deferred Shares attributable
to the Gain Shares, as described in Section 4.1.

                  (b) Limitations on Rights Associated with Deferred Shares. A
Participant's Deferred Share Account shall be a memorandum account on the books
of the Company. The Deferred Shares credited to a Participant's Deferred Share
Account shall be used solely as a device for determining the number of Shares to
be eventually distributed to such Participant in accordance with this Plan. The
Deferred Shares shall not be treated as property or as a trust fund of any kind.
No Participant shall be entitled to any voting or other shareholder rights with
respect to any Deferred Shares credited under this Plan. The number of Deferred
Shares credited (and the Shares to which the Participant is entitled under this
Plan) shall be subject to adjustment in accordance with Section 5.3 of this
Plan.

         5.2 Dividend Equivalent Credits to Deferred Share Accounts. As of any
applicable dividend or distribution payment date, a Participant's Deferred Share
Account shall be credited with additional Deferred Shares in an amount equal to
the amount of the Dividend Equivalents divided by the Fair Market Value of a
Share as of the applicable dividend payment date. If the limit on the number of
Shares available under this Plan in respect of Dividend Equivalents is reached,
the Company may in its discretion credit or settle such amounts in cash. Any
cash credited to a Participant's Deferred Share Account shall be credited with
earnings and distributed as described in Section 5.3(b).

         5.3 Adjustments in Case of Changes in Common Stock.

                  (a) If the outstanding Shares are increased, decreased, or
exchanged for a different number or kind of securities, or if additional shares
or new or different shares or other securities are distributed with respect to
such Shares or other securities, through merger, consolidation, sale of all or
substantially all of the assets of the Company, reorganization,
recapitalization, stock dividend, stock split, reverse stock split or similar
change in capitalization or any other distribution with respect to such Shares
or other securities, proportionate and equitable adjustments consistent with the
effect of such event on stockholders generally (but without duplication of
benefits if

                                      -14-
<PAGE>

Dividend Equivalents are credited) shall be made in the number and type of
Shares or other securities, property and/or rights contemplated hereunder and of
rights in respect of Deferred Shares and Deferred Share Accounts credited under
this Plan so as to preserve the benefits intended.

             (b) If an event described in Section 5.3(a) results in any rights
of shareholders to receive cash (other than cash dividends and cash
distributions), a corresponding amount of cash shall be credited to each
Participant's Deferred Share Account as of the date on which cash is paid in
respect of outstanding Shares. The Participant's Deferred Share Account shall be
credited with earnings on the cash balance credited to such Deferred Share
Account on a daily basis at a rate equal to the Interest Rate through the last
day of the month in which distribution payments commence. The amount of cash
credited to a Participant's Deferred Share Account shall be distributed in cash
at such time (or times) and in such manner as otherwise provided under this Plan
and/or the applicable election made by the Participant in accordance with the
terms of this Plan. In the event any portion of such cash is distributed in
installments, interest shall be credited on the unpaid balance at the following
rate: the monthly average of the Moody's Average Corporate Bond Yield for the
last calendar year ending prior to the event giving rise to the distribution,
plus 1%.

                                      -15-
<PAGE>
                                   ARTICLE VI

                                     VESTING

         All Deferred Shares (including Deferred Shares credited as Dividend
Equivalents) and cash credited to a Participant's Deferred Share Account shall
be at all times fully vested.

                                      -16-
<PAGE>
                                   ARTICLE VII

                                  DISTRIBUTIONS

         7.1 Form of Distributions. Deferred Shares credited to a Participant's
Deferred Share Account shall be distributed in an equivalent whole number of
Shares, and any cash credited to a Participant's Deferred Share Account shall be
distributed in the form of cash. Fractional share interests shall be settled in
cash. The Committee, in its sole discretion, may pay Deferred Shares credited as
Dividend Equivalents in cash in lieu of Shares.

         7.2 Timing of Distributions. Distribution of Deferred Shares and cash
credited to a Participant's Deferred Share Account shall commence as soon as
administratively feasible following the Participant's Termination but not later
than 90 days following the Participant's Termination, provided that in the case
of the death of the Participant, distributions shall not commence within the
30-day period following the Participant's death.

         7.3 Manner of Distribution.

             (a) Election of Manner of Distribution. Each Eligible Individual
shall elect on an Alternative Exercise Agreement the manner in which to have the
Deferred Shares (together with Dividend Equivalents thereon) in his or her
Deferred Share Account distributed. An Eligible Individual who is an employee of
the Company may elect a different distribution option for each distribution
event. An Eligible Individual who is a Non-Employee Director may only elect a
single distribution option, which shall apply to all distribution events
applicable to such Non-Employee Director. The distribution options that may be
elected are as follows:

                 (i)      a single distribution;

                 (ii)     an installment distribution; or

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

             If no valid election is made, the Participant's Deferred Share
Account shall be distributed in annual installments payable over 15 years.
Notwithstanding the foregoing, the Committee may, in its sole discretion: (x)
distribute the benefits in a single distribution if the sum of Shares to be
distributed to the Participant is less than or equal to 1,000, or (y) reduce the
number of installments elected by the Participant to produce an annual
distribution of at least 100 Shares. A Participant shall be entitled to change
the Participant's designation of distribution option by written notice to the
Committee delivered at any time which is no less than one year prior to the
Participant's Termination. Any notice of change which is given less than one
year prior to the Participant's Termination shall be of no force and effect.

                                      -17-
<PAGE>

             (b) Installment Distribution Option. Under the installment
distribution option, a Participant's Deferred Shares (including Dividend
Equivalents thereon) shall be distributed in quarterly or annual installments
for up to 20 years as elected by the Eligible Individual. The number of Shares
in any one installment shall be determined by dividing the total number of
Shares in the Deferred Share Account at that time by the remaining number of
installments. A similar declining balance method shall be used to determine
installment distributions of any cash credited to a Participant's Deferred Share
Account.

         7.4 Distributions for Employee Participants.

             (a) Death. Upon the death of an Employee Participant, the Committee
shall distribute or commence to distribute to the Employee Participant's
Beneficiary or Beneficiaries the Shares and cash credited to the Employee
Participant's Deferred Share Account in accordance with the Employee
Participant's form of distribution election; provided, however, that with
respect to those Deferred Shares (together with Dividend Equivalents thereon)
for which distributions have commenced, the Committee shall continue to
distribute to the Employee Participant's Beneficiary or Beneficiaries the
remaining Shares and any cash distributable to the Employee Participant under
this Plan over the same period that the Shares would have been distributed to
the Employee Participant had the Employee Participant not died.

             (b) Disability, Retirement or Other Termination On or After Age 60.
Upon the Employee Participant's (i) Termination as a result of Disability, (ii)
Termination due to Retirement, or (iii) Termination for any reason other than
Death or Disability on or after age 60, the Committee shall distribute or
commence to distribute to the Employee Participant the Shares and cash credited
to the Employee Participant's Deferred Share Account in accordance with the
Employee Participant's form of distribution election.

             (c) Termination Prior to Age 60. Upon the Termination of an
Employee Participant prior to both (i) age 60 and (iii) death or Disability, the
Committee shall distribute or commence to distribute to the Employee Participant
the Shares and cash credited to the Employee Participant's Deferred Share
Account in a single distribution.

         7.5 Distributions for Non-Employee Director Participants. Upon the
Non-Employee Director Participant's Termination for any reason other than death,
the Committee shall distribute or commence to distribute to the Non-Employee
Director Participant the Shares and cash credited to the Non-Employee Director
Participant's Deferred Share Account in accordance with the Non-Employee
Director Participant's form of distribution election.

                                      -18-
<PAGE>

Upon the death of a Non-Employee Director Participant, the Committee shall
distribute or commence to distribute to the Non-Employee Director Participant's
Beneficiary or Beneficiaries the Shares and cash credited to the Non-Employee
Director Participant's Deferred Share Account in accordance with the
Non-Employee Director Participant's form of distribution election; provided,
however, that with respect to those Deferred Shares (together with Dividend
Equivalents thereon) for which distributions have commenced, the Committee shall
continue to distribute to the Non-Employee Director Participant's Beneficiary or
Beneficiaries the remaining Shares and any cash distributable to the
Non-Employee Director Participant under this Plan over the same period that the
Shares would have been distributed to the Non-Employee Director Participant had
the Non-Employee Director Participant not died.

         7.6 Hardship Withdrawals. Any Terminated Participant may request a
hardship withdrawal. No hardship withdrawal can exceed the lesser of the amount
credited to the Participant's Deferred Share Account or the amount reasonably
needed to satisfy the emergency need. Whether a hardship exists and the amount
reasonably needed to satisfy the emergency need will be determined by the
Committee based upon the evidence presented by the Participant and the rules
established in this Section. If a hardship withdrawal is approved by the
Committee it will be paid within 10 days of the Committee's determination. A
hardship for this purpose is a severe financial hardship to the Participant
resulting from a sudden and unexpected illness or accident of the Participant or
of a dependent (as defined in Section 152(a) of the Internal Revenue Code of
1986, as amended) of the Participant, loss of the Participant's property due to
casualty, or any similar extraordinary and unforeseeable circumstance arising as
a result of events beyond the control of the Participant. The circumstances that
will constitute a hardship will depend upon the facts of each case, but, in any
case, payment may not be made to the extent that the hardship is or may be
relieved: (a) through reimbursement or compensation by insurance or otherwise,
(b) by liquidation of the Participant's assets, to the extent the liquidation of
such assets will not itself cause severe financial hardship, or (c) by cessation
of deferrals under this Plan. Such foreseeable needs for funds as the need to
send a Participant's child to college or the desire to purchase a home will not
be considered to be a hardship.

         7.7 Expenses Incurred in Enforcing the Plan. The Company will pay a
Participant for all legal fees and expenses incurred by him in contesting or
disputing his Termination or in seeking to obtain or enforce any benefit
provided by this Plan if the Termination occurs during a Plan Year in which a
Change of Control occurs or during the next three succeeding Plan Years
following the Plan Year in which a Change of Control occurs.

                                      -19-
<PAGE>

         7.8 Withholding of Taxes. State or federal tax withholding obligations
arising from the Alternative Exercise of a Qualifying Option and the
distribution of Shares and any cash with respect to a Participant's Deferred
Share Account may be satisfied in such manner as the Committee determines in its
sole and absolute discretion, including (a) withholding from additional
compensation payable to a Participant, (b) reducing the number of Shares or cash
otherwise deliverable to the Participant, and (c) requiring the Participant to
pay or provide for payment of such withholding taxes in cash to the Company;
provided, however, that if the Participant makes the FICA Withholding Election
pursuant to Section 4.4, the Committee shall pay the FICA taxes the Company is
required to withhold as a result of the Alternative Exercise of a Qualifying
Stock Option by reducing the number of Gain Shares credited to a Participant's
Deferred Share Account in accordance with such election. The appropriate number
of Shares required to satisfy such tax withholding obligation will be based on
the Fair Market Value of a Share on the day prior to the Conversion Date and/or
the distribution date. The Committee in its sole discretion may require a
Participant to pay or provide for payment of taxes which the Company may be
required to withhold before any benefits are paid to a Participant.

         7.9 Effect of a Change of Control. In the event of a Change of Control
of Sysco, the following rules shall apply:

             (a) All Participants shall continue to have a fully-vested,
nonforfeitable interest in their Deferred Share Accounts.

             (b) Unless the Committee otherwise provides, Alternative Exercise
Agreements shall terminate in accordance with Section 4.3.

             (c) All payments in respect of Deferred Share Accounts following a
Change of Control shall be made as follows:

                 (i) Subject to a Participant's rights pursuant to Section
7.9(d), payments that have already commenced shall continue to be made no less
rapidly than under the schedule in effect just prior to the Change of Control.

                 (ii) Subject to a Participant's rights pursuant to Section
7.9(d), payments that have not commenced shall be made (in the form of Shares
unless the Committee provides otherwise) at the earliest possible payment date
under the normal rules for benefit commencement and in the manner of
distribution selected

                                      -20-
<PAGE>

by the Participant pursuant to Section 7.3, as both such provisions are in
effect on the day before the Change of Control.

             (d) Any Participant or, if the Participant is deceased, the
Participant's Beneficiary, shall be entitled to make an election (a "Change of
Control Payout Election") to receive a single payment of Shares credited to a
Participant's Deferred Share Account in full satisfaction of all benefits to
which the Participant or Beneficiary would otherwise be entitled under the Plan.
A Change of Control Payout Election shall be made by written notice to the
Committee by the electing person at any time after the Change of Control of
Sysco. The payment (the "Change of Control Payout Benefit") shall be made as
soon as administratively feasible after receipt of the Change of Control Payout
Election but no later than 90 days from the date of receipt of the Change of
Control Payout Election. If a Participant or Beneficiary makes a Change of
Control Payout Election, the Change of Control Payout Benefit shall be the
exclusive payment to which the Participant, the Participant's spouse and/or the
Beneficiary will be eligible under the Plan and no benefit payments shall be
made to a Participant or the Participant's Beneficiary pursuant to any other
provision of this Plan following a Change of Control Payout Election, provided
that a Participant who remains an Eligible Individual after making the Change of
Control Payout Election shall not be precluded from further participation in the
Plan with respect to future Alternative Exercises to the extent such Participant
otherwise continues to be an Eligible Individual. A Participant's Change of
Control Payout Benefit shall equal 90% of the balance of the Participant's
Deferred Share Account (including Dividend Equivalents and any cash credited to
a Participant's Deferred Share Account) credited through the date of the payment
of the Change of Control Benefit.

                                      -21-
<PAGE>
                                  ARTICLE VIII

                                 ADMINISTRATION

         8.1 Committee Appointment. The Committee will be appointed by the Board
of Directors. Each Committee member will serve until his or her resignation or
removal. The Board of Directors will have the sole discretion to remove any one
or more Committee members and appoint one or more replacement or additional
Committee members from time to time.

         8.2 Committee Organization and Voting. The Committee will select from
among its members a chairman who will preside at all of its meetings and will
elect a secretary without regard to whether that person is a member of the
Committee. The secretary will keep all records, documents and data pertaining to
the Committee's supervision and administration of the Plan. A majority of the
members of the Committee will constitute a quorum for the transaction of
business and the vote of a majority of the members present at any meeting will
decide any questions brought before the meeting. In addition, the Committee may
decide any question by vote, taken without a meeting, of a majority of its
members. A member of the Committee who is also a Participant will not vote or
act on any matter relating solely to himself.

         8.3 Powers of the Committee. The Committee will have the exclusive
responsibility for the general administration of the Plan according to the terms
and provisions of the Plan and will have all powers necessary to accomplish
those purposes, including but not by way of limitation the right, power and
authority:

             (a) to make rules and regulations for the administration of the
Plan;

             (b) to construe all terms, provisions, conditions and limitations
of the Plan;

             (c) to correct any defect, supply any omission or reconcile any
inconsistency that may appear in the Plan in the manner and to the extent it
deems expedient to carry the Plan into effect for the greatest benefit of all
parties at interest;

             (d) to designate the persons eligible to become Participants and to
establish the maximum and minimum amounts that may be elected to be deferred;

             (e) to determine all controversies relating to the administration
of the Plan, including but not limited to:

                                      -22-
<PAGE>

             (1) differences of opinion arising between the Company and a
Participant except when the difference of opinion relates to the entitlement to,
the amount of or the method or timing of payment of a benefit affected by a
Change of Control, in which event it shall be decided by judicial action; and

             (2) any question it deems advisable to determine in order to
promote the uniform administration of the Plan for the benefit of all parties at
interest; and

         (f) to delegate by written notice those clerical and recordation duties
of the Committee, as it deems necessary or advisable for the proper and
efficient administration of the Plan.

         8.4 Committee Discretion. The Committee in exercising any power or
authority granted under this Plan or in making any determination under this Plan
shall perform or refrain from performing those acts using its sole discretion
and judgment. By way of amplification and without limiting the foregoing, the
Company specifically intends that the Committee have the greatest possible
discretion to construe the terms of the Plan and to determine all questions
concerning eligibility, participation and benefits. Any decision made by the
Committee or any refraining to act or any act taken by the Committee in good
faith shall be final and binding on all parties. The Committee's decision shall
never be subject to de novo review. Notwithstanding the foregoing, the
Committee's decisions, refraining to act or acting is to be subject to judicial
review for those incidents occurring during the Plan Year in which a Change of
Control occurs and during the next three succeeding Plan Years. For purposes of
this Plan, the Committee's exercise of discretionary authority pursuant to
Section 2.33 shall not be effective until the Committee has executed the
Alternative Exercise Agreement in accordance with Section 3.3.

         8.5 Reimbursement of Expenses. The Committee will serve without
compensation for its services but will be reimbursed by Sysco for all expenses
properly and actually incurred in the performance of its duties under the Plan.

                                      -23-
<PAGE>

                                   ARTICLE IX

                          AMENDMENT AND/OR TERMINATION

         9.1 Amendment or Termination of the Plan. The Board of Directors may
amend or terminate this Plan at any time by an instrument in writing without the
consent of any Subsidiary. However, adjustments pursuant to Section 5.3 shall
not be deemed amendments to the Plan, the Deferred Share Accounts or the rights
of Participants.

         9.2 No Retroactive Effect on Benefits. No amendment will affect the
rights of any Participant with respect to Deferred Shares and Dividend
Equivalents (and any cash credited pursuant to Section 5.3(b)) credited to his
or her Deferred Share Account prior to the date of the amendment or to change a
Participant's right under any provision relating to a Change of Control after a
Change of Control has occurred without the Participant's consent.

         9.3 Effect of Termination. In connection with the termination of this
Plan, the Committee may, in its sole discretion, elect to accelerate the
distribution date for all Deferred Share Accounts (including Deferred Share
Accounts being paid in or otherwise to be paid in the form of installments) and
make single distributions in respect thereof.

                                      -24-
<PAGE>
                                    ARTICLE X

                                     FUNDING

         10.1 Payments Under This Agreement are the Obligation of the Company.
The Company will pay the benefits due the Participants under this Plan; however
should it fail to do so when a benefit is due, the benefit will be paid by the
trustee of that certain trust established pursuant to Section 10.2 hereof. In
any event, if the trust fails to pay for any reason, the Company still remains
liable for the payment of all benefits provided by this Plan.

         10.2 Agreement May be Funded Through Rabbi Trust. It is specifically
recognized by both the Company and the Participants that the Company may, but is
not required to, contribute Shares in any amount it finds desirable to a trust
established to accumulate assets sufficient to fund the obligations of the
Company and Subsidiaries that employ Participants in the Plan. However, under
all circumstances, the Participants will have no rights to any of the Shares
contributed to the trust; and likewise, under all circumstances, the rights of
the Participants to the assets held in the trust will be no greater than the
rights expressed in this agreement. Nothing contained in the trust agreement
which creates the funding trust will constitute a guarantee by any Company that
assets of the Company transferred to the trust will be sufficient to pay any
benefits under this Plan or would place the Participant in a secured position
ahead of general creditors should the Company become insolvent or bankrupt. Any
trust agreement prepared to fund the Company's obligations under this agreement
must specifically set out these principles so it is clear in that trust
agreement that the Participants in this Plan are only unsecured general
creditors of the Company in relation to their benefits under this Plan.

         10.3 Participants Must Rely Only on General Credit of the Company. It
is also specifically recognized by both the Company and the Participants that
this Plan is only a general corporate commitment and that each Participant must
rely upon the general credit of a Company for the fulfillment of its obligations
hereunder. Under all circumstances the rights of Participants to any asset held
by the Company will be no greater than the rights expressed in this agreement.
Nothing contained in this agreement will constitute a guarantee by the Company
that the assets of the Company will be sufficient to pay any benefits under this
Plan or would place the Participant in a secured position ahead of general
creditors of the Company. Though the Company may establish or become a signatory
to a Rabbi Trust, as indicated in Section 10.2, to accumulate assets to fulfill
its obligations, the Plan and any such trust will not create any lien, claim,
encumbrance, right, title or other interest of any kind whatsoever in any
Participant in any asset held by the Company, contributed to any such trust or
otherwise designated to be used

                                      -25-
<PAGE>

for payment of any of its obligations created in this agreement. No specific
assets of the Company have been or will be set aside, or will in any way be
transferred to the trust or will be pledged in any way for the performance of
the Company's obligations under this Plan which would remove such assets from
being subject to the general creditors of the Company.

                                      -26-
<PAGE>
                                   ARTICLE XI

                                  MISCELLANEOUS

         11.1 Limitation of Rights. Nothing in this Plan will be construed:

              (a) to give any employee of any Company any right to be designated
a Participant in the Plan;

              (b) to give a Participant any right with respect to Deferred
Shares and Dividend Equivalents credited to the Participant's Deferred Share
Account, and cash credited to the Participant's Deferred Share Account pursuant
to Section 5.3(b), except in accordance with the terms of this Plan;

              (c) to limit in any way the right of the Company to terminate a
Participant's employment with the Company at any time;

              (d) to evidence any agreement or understanding, expressed or
implied, that the Company will employ a Participant in any particular position
or for any particular remuneration; or

              (e) to give a Participant or any other person claiming through him
any interest or right under this Plan other than that of any unsecured general
creditor of the Company.

         11.2 Beneficiary Designation. Each Eligible Individual, upon completing
his or her Alternative Exercise Agreement, will file with the Committee a
designation of one or more Beneficiaries to whom distributions will be made in
the event of his or her death prior to the complete distribution of the Shares
credited to his or her Deferred Share Account. The designation will be effective
upon receipt by the Committee of a properly executed form which the Committee
has approved for that purpose. An Eligible Individual and/or Participant may
from time to time revoke or change any designation of Beneficiary by filing
another approved Beneficiary designation form with the Committee. If there is no
valid designation of Beneficiary on file with the Committee at the time of the
Participant's death, or if all of the Beneficiaries designated in the last
Beneficiary designation have predeceased the Participant or, in the case of an
entity, otherwise ceased to exist, the Beneficiary will be the Participant's
spouse, if the spouse survives the Participant, or otherwise the Participant's
estate. A Beneficiary who is an individual will be deemed to have predeceased
the Participant if the Beneficiary dies within 30 days of the date of the
Participant's death. If any Beneficiary survives the Participant but dies or, in
the case of an entity, otherwise ceases to exist before receiving all amounts
due the Beneficiary from the Participant's Deferred Share Account, the balance
of the amount which would have been paid to that Beneficiary will, unless the
Participant's designation provides

                                      -27-
<PAGE>

otherwise, be distributed to the individual deceased Beneficiary's estate or, in
the case of an entity, to the Participant's spouse, if the spouse survives the
Participant, or otherwise to the Participant's estate. Any Beneficiary
designation which designates any person or entity other than the Eligible
Individual's/Participant's spouse must be consented to in writing in a form
acceptable to the Committee in order to be effective.

         11.3 Distributions to Incompetents or Minors. Should a Participant
become incompetent or should a Participant designate a Beneficiary who is a
minor or incompetent, the Committee is authorized to pay the funds due to the
parent of the minor or to the guardian of the minor or incompetent or directly
to the minor or to apply those funds for the benefit of the minor or incompetent
in any manner the Committee determines in its sole discretion.

         11.4 Receipt and Release. Any payment to a Participant or the
Participant's Beneficiary in accordance with the provisions of this Plan shall,
to the extent thereof, be in full satisfaction of all claims against the Board,
the Committee, and the Company. The Committee may require such Participant or
Beneficiary, as a condition precedent to such payment, to execute a receipt and
release to such effect.

         11.5 Nonalienation of Benefits. No right or benefit provided in this
Plan will be transferable by the Participant except, upon his death, to a named
Beneficiary as provided in this Plan. No right or benefit under this Plan will
be subject to anticipation, alienation, sale, assignment, pledge, encumbrance or
charge, and any attempt to anticipate, alienate, sell, assign, pledge, encumber,
or charge the same will be void. No right or benefit under this Plan will in any
manner be liable for or subject to any debts, contracts, liabilities or torts of
the person entitled to such benefits. If any Participant or any Beneficiary
becomes bankrupt or attempts to anticipate, alienate, sell, assign, pledge,
encumber or charge any right or benefit under this Plan, that right or benefit
will, in the discretion of the Committee, cease. In that event, the Committee
may have the Company hold or apply the right or benefit or any part of it to the
benefit of the Participant or Beneficiary, his or her spouse, children or other
dependents or any of them in any manner and in any proportion the Committee
believes to be proper in its sole and absolute discretion, but is not required
to do so.

         11.6 Reliance Upon Information. The Committee will not be liable for
any decision or action taken in good faith in connection with the administration
of this Plan. Without limiting the generality of the foregoing, any decision or
action taken by the Committee when it relies upon information supplied it by any
officer of the Company, the Company's legal counsel, the Company's independent
accountants or other advisors in connection with the administration of this Plan
will be deemed to have been taken in good faith.

                                      -28-
<PAGE>

         11.7 Severability. If any term, provision, covenant or condition of the
Plan is held to be invalid, void or otherwise unenforceable, the rest of the
Plan will remain in full force and effect and will in no way be affected,
impaired or invalidated.

         11.8 Compliance with Laws. This Plan, the Company's acceptance of the
exercise price of a Qualifying Option in the form of Shares, the Company's
issuance of Deferred Shares, and the offer, issuance and delivery of Shares
and/or the payment in Shares through the deferral of compensation under this
Plan are subject to compliance with all applicable federal and state laws, rules
and regulations (including, without limitation, state and federal securities
law) and to such approvals by any listing, agency or any regulatory or
governmental authority as may, in the opinion of counsel for the Company, be
necessary or advisable in connection therewith. Any securities delivered under
this Plan shall be subject to such restrictions, and the person acquiring such
securities shall, if requested by the Company, provide such assurances and
representations to the Company as the Company may deem necessary or desirable to
assure compliance with all applicable legal requirements. If the Company in its
sole discretion determines that an Alternative Exercise of a Qualifying Option
would violate any law, rule or regulation, the Company may refuse to honor such
Alternative Exercise.

         11.9 Plan Construction. It is the intent of the Company that
transactions pursuant to this Plan, with respect to Eligible Individuals or
Participants who are subject to Section 16 of the Exchange Act, satisfy and be
interpreted in a manner that satisfies the applicable requirements of Rule 16b-3
so that to the extent elections are timely made, the crediting of Deferred
Shares and the distribution of Shares with respect to Deferred Shares under this
Plan will be entitled to the benefits of Rule 16b-3 or other exemptive rules
under Section 16 of the Exchange Act and will not be subjected to avoidable
liability thereunder.

         11.10 Notice. Any notice or filing required or permitted to be given to
the Committee or a Participant will be sufficient if submitted in writing and
hand-delivered or sent by U.S. mail to the principal office of the Company or to
the residential mailing address of the Participant. Notice will be deemed to be
given as of the date of hand-delivery, or if delivery is by mail, as of the date
shown on the postmark.

         11.11 Gender and Number. If the context requires it, words of one
gender when used in this Plan will include the other genders, and words used in
the singular or plural will include the other.

         11.12 Governing Law. The Plan will be construed, administered and
governed in all respects by the laws of the State of Texas.

                                      -29-
<PAGE>

         IN WITNESS WHEREOF, the Company has executed this document effective as
of April 1, 2002.

                                 SYSCO CORPORATION

                                 By:  /s/  Diane Day Sanders
                                    -----------------------------------------
                                 Name:    Diane Day Sanders
                                      ---------------------------------------
                                 Title:   Vice President and Treasurer
                                       --------------------------------------

                                      -30-<PAGE>
                                                                  EXHIBIT 10(aa)

                           SECOND AMENDED AND RESTATED

                                SYSCO CORPORATION

                  BOARD OF DIRECTORS DEFERRED COMPENSATION PLAN

                                                         Effective April 1, 2002

<PAGE>

                           SECOND AMENDED AND RESTATED
                                SYSCO CORPORATION
                  BOARD OF DIRECTORS DEFERRED COMPENSATION PLAN

                                TABLE OF CONTENTS

<Table>
<Caption>
                                                                                                                PAGE

<S>                                                                                                           <C>
ARTICLE I       DEFINITIONS.......................................................................................3
1.1      Account..................................................................................................3
1.2      Beneficiary..............................................................................................3
1.3      Board of Directors.......................................................................................3
1.4      Business Day.............................................................................................3
1.5      Change of Control........................................................................................3
1.6      Change of Control Payout Benefit.........................................................................4
1.7      Change of Control Payout Election........................................................................4
1.8      Code.....................................................................................................4
1.9      Committee................................................................................................4
1.10     Default Distribution Option..............................................................................4
1.11     Default Investment.......................................................................................4
1.12     Deferred Compensation Ledger.............................................................................4
1.13     Exchange Act.............................................................................................4
1.14     Fair Market Value........................................................................................4
1.15     Installment Distribution Option..........................................................................5
1.16     Investment...............................................................................................5
1.17     Lump Sum Distribution Option.............................................................................5
1.18     Participant..............................................................................................5
1.19     Plan.....................................................................................................5
1.20     Plan Year................................................................................................5
1.21     Pre-April 1, 2002 Participant............................................................................5
1.22     Securities Act...........................................................................................5
1.23     Sysco....................................................................................................5
1.24     Trust....................................................................................................5
1.25     Voting Securities........................................................................................5

ARTICLE II      ELIGIBILITY.......................................................................................6

ARTICLE III     DEFERRAL..........................................................................................7
3.1      Election to Defer........................................................................................7
3.2      Failure to Elect.........................................................................................7
3.3      Revocation or Change of Election.........................................................................7
3.4      Timing and Form of Election..............................................................................7

ARTICLE IV      ACCOUNT...........................................................................................8
4.1      Establishing a Participant's Account.....................................................................8
4.2      Credit of the Participant's Deferral.....................................................................8
4.3      Deemed Investments.......................................................................................8
4.4      Procedure to Credit Interest Upon an Event of Distribution...............................................9

ARTICLE V       VESTING..........................................................................................11

ARTICLE VI      DISTRIBUTIONS....................................................................................12
6.1      Form and Time of Distribution...........................................................................12
6.2      Death/Beneficiary Designation...........................................................................13
</Table>

                                       -i-
<PAGE>

<Table>
<S>                                                                                                             <C>
6.3      Other Distribution Events...............................................................................13
6.4      Hardship Withdrawals....................................................................................14
6.5      Expenses Incurred in Enforcing the Plan.................................................................14
6.6      Responsibility for Distributions and Withholding of Taxes...............................................14
6.7      Acceleration of Payments Upon a Change of Control.......................................................15

ARTICLE VII     ADMINISTRATION...................................................................................16
7.1      Committee Appointment...................................................................................16
7.2      Committee Organization and Voting.......................................................................16
7.3      Powers of the Committee.................................................................................16
7.4      Committee Discretion....................................................................................17
7.5      Reimbursement of Expenses...............................................................................17

ARTICLE VIII    AMENDMENT AND/OR TERMINATION.....................................................................18
8.1      Amendment or Termination of the Plan....................................................................18
8.2      No Retroactive Effect on Account........................................................................18
8.3      Effect of Termination...................................................................................18

ARTICLE IX      FUNDING..........................................................................................19
9.1      Payments Under This Agreement Are the Obligation of Sysco...............................................19
9.2      Agreement May Be Funded Through Rabbi Trust.............................................................19
9.3      Reversion of Excess Assets..............................................................................19
9.4      Participants Must Rely Only on General Credit of Sysco..................................................20

ARTICLE X       MISCELLANEOUS....................................................................................21
10.1     Limitation of Rights....................................................................................21
10.2     Distributions to Incompetents or Minors.................................................................21
10.3     Nonalienation of Benefits...............................................................................21
10.4     Reliance Upon Information...............................................................................22
10.5     Severability............................................................................................22
10.6     Notice..................................................................................................22
10.7     Gender and Number.......................................................................................22
10.8     Governing Law...........................................................................................22
10.9     Effective Date..........................................................................................22
</Table>

                                      -ii-
<PAGE>

                           SECOND AMENDED AND RESTATED

                                SYSCO CORPORATION

                  BOARD OF DIRECTORS DEFERRED COMPENSATION PLAN

         WHEREAS, Sysco Corporation has established the Sysco Corporation Board
of Directors Deferred Compensation Plan, effective January 1, 1992, which plan
was last amended and restated in its entirety by an instrument dated December 7,
1995 (the "Plan"); and

         WHEREAS, Sysco Corporation retained the right of those members of the
Board of Directors who are not eligible to participate in the Plan to amend the
Plan at any time by an instrument in writing; and

         WHEREAS, the Plan has been amended by the First Amendment to Plan dated
May 10, 2000, and that Second Amendment to the Plan dated April 1, 2002; and

         WHEREAS, it has been determined that the Plan should again be restated
to incorporate the First and Second Amendments to the Plan so that the Plan, as
amended, is set forth in one document; and

         NOW, THEREFORE, Sysco Corporation amends and restates the Sysco
Corporation Board of Directors Deferred Compensation Plan as follows:

                                      -2-
<PAGE>
                                    ARTICLE I

                                   DEFINITIONS

         1.1 Account. "Account" means a Participant's Account in the Deferred
Compensation Ledger maintained by the Committee which reflects the entire
interest of the Participant in the Plan. Each Account shall reflect the
Participant's compensation deferred under this Plan, as adjusted herein for
deemed Investment earnings and losses and credited interest.

         1.2 Beneficiary. "Beneficiary" means a person or entity designated by
the Participant under the terms of this Plan to receive any amounts distributed
under the Plan upon the death of the Participant.

         1.3 Board of Directors. "Board of Directors" means the Board of
Directors of Sysco.

         1.4 Business Day. "Business Day" means any day on which the New York
Stock Exchange is open for trading.

         1.5 Change of Control. "Change of Control" means the occurrence of one
or more of the following events:

             (a) Any "person" including a "syndication" or "group" as those
terms are used in Section 13(d)(3) of the Exchange Act, is or becomes the
beneficial owner, directly or indirectly, of securities of Sysco representing
20% or more of the combined voting power of Sysco's then outstanding Voting
Securities;
             (b) Sysco is merged or consolidated with another corporation and
immediately after giving effect to the merger or consolidation either (i) less
than 80% of the outstanding Voting Securities of the surviving or resulting
entity are then beneficially owned in the aggregate by (x) the stockholders of
Sysco immediately prior to such merger or consolidation, or (y) if a record date
has been set to determine the stockholders of Sysco entitled to vote on such
merger or consolidation, the stockholders of Sysco as of such record date, or
(ii) the Board of Directors, or similar governing body, of the surviving or
resulting entity does not have as a majority of its members the persons
specified in clause (c) below;

             (c) If at any time the following do not constitute a majority of
the Board of Directors of Sysco (or any successor entity referred to in clause
(b) above): Persons who, prior to their election as a director of Sysco (or
successor entity as applicable) were nominated, recommended, or endorsed by a
formal resolution of the Board of Directors of Sysco;

                                      -3-
<PAGE>
             (d) If at any time during a calendar year a majority of the
directors of Sysco are not persons who were directors at the beginning of the
calendar year; and

             (e) Sysco transfers substantially all of its assets to another
corporation which is a less than 80% owned subsidiary of Sysco.

         1.6 Change of Control Payout Benefit. "Change of Control Payout
Benefit" shall have the meaning set forth in Section 6.7(a).

         1.7 Change of Control Payout Election. "Change of Control Payout
Election" shall have the meaning set forth in Section 6.7(a).

         1.8 Code. "Code" means the Internal Revenue Code of 1986, as amended
from time to time.

         1.9 Committee. "Committee" means the persons who are from time to time
serving as Chairman of the Board, President, Secretary and Treasurer of Sysco.
These persons shall constitute the members of the committee administering this
Plan.

         1.10 Default Distribution Option. "Default Distribution Option" shall
have the meaning set forth in Section 6.1(c).

         1.11 Default Investment. "Default Investment" shall mean a hypothetical
investment with an investment return equal to the monthly average of the Moody's
Average Corporate Bond Yield for the calendar year ending prior to the beginning
of the Plan Year, plus 1%, or such other Investment designated by the Committee
as the "Default Investment" on Exhibit "A" attached hereto.

         1.12 Deferred Compensation Ledger. "Deferred Compensation Ledger" means
the ledger maintained by the Committee for each Participant which reflects the
amount of the Participant's compensation deferred under this Plan, the credits
and debits for deemed Investment earnings and losses pursuant to Section 4.3,
interest credited pursuant to Section 4.4, and cash distributed to the
Participant or the Participant's Beneficiaries pursuant to Article VI.

         1.13 Exchange Act. "Exchange Act" means the Securities Exchange Act of
1934, as amended from time to time.

         1.14 Fair Market Value. "Fair Market Value" means, with respect to any
Investment, the closing price on the date of reference, or if there were no
sales on such date, then the closing price on the nearest preceding day on which
there were such sales, and in the case of an unlisted security, the mean between
the bid and asked prices on

                                      -4-
<PAGE>

the date of reference, or if no such prices are available for such date, then
the mean between the bid and asked prices on the nearest preceding day for which
such prices are available. With respect to any Investment which reports "net
asset values" or similar measures of the value of an ownership interest in the
Investment, Fair Market Value shall mean such closing net asset value on the
date of reference, or if no net asset value was reported on such date, then the
net asset value on the nearest preceding day on which such net asset value was
reported. For any Investment not described in the preceding sentences, Fair
Market Value shall mean the value of the Investment as determined by the
Committee in its reasonable judgment on a consistent basis, based upon such
available and relevant information as the Committee determines to be
appropriate.

         1.15 Installment Distribution Option. "Installment Distribution Option"
shall have the meaning set forth in Section 6.1(b).

         1.16 Investment. "Investment" means the options set forth in Exhibit
"A" attached hereto, as the same may be amended from time to time by the
Committee in its sole and absolute discretion.

         1.17 Lump Sum Distribution Option. "Lump Sum Distribution Option" shall
have the meaning set forth in Section 6.1(b).

         1.18 Participant. "Participant" means a member of the Board of
Directors of Sysco who is not otherwise employed by Sysco or a subsidiary of
Sysco, and any former member the Board of Directors of Sysco who has an Account
in the Deferred Compensation Ledger.

         1.19 Plan. "Plan" means the Sysco Corporation Board of Directors
Deferred Compensation Plan, as set forth in this document and amended from time
to time.

         1.20 Plan Year. "Plan Year" means the calendar year.

         1.21 Pre-April 1, 2002 Participant. "Pre-April 1, 2002 Participant"
shall have the meaning set forth in Section 4.3(b).

         1.22 Securities Act. "Securities Act" means the Securities Act of 1933,
as amended from time to time.

         1.23 Sysco. "Sysco" means Sysco Corporation.

         1.24 Trust. "Trust" means the Sysco Corporation Board of Directors
Deferred Compensation Trust created by separate agreement.

         1.25 Voting Securities. "Voting Securities" means any security which
ordinarily possesses the power to vote in the election of the Board of Directors
without the happening of any precondition or contingency.

                                      -5-
<PAGE>
                                   ARTICLE II

                                   ELIGIBILITY

         All members of the Board of Directors who are not otherwise employed by
Sysco or a subsidiary of Sysco will be eligible to participate in this Plan.

                                      -6-
<PAGE>
                                   ARTICLE III

                                    DEFERRAL

         3.1 Election to Defer. Each Participant shall have the right to elect
to defer a percentage of his Director's fees in any 10% increment which is not
less than 20% nor more than 100% of his Director's fees. The election to defer
is effective only if received by the Committee in proper form prior to the
beginning of the Plan Year or Years for which it is to be applicable. Once a
Plan Year has commenced the election to defer becomes irrevocable for that Plan
Year.

         3.2 Failure to Elect. If the Committee fails to receive a Participant's
election in proper form prior to the beginning of a Plan Year for which no prior
election is effective, the Participant will deemed to have elected not to defer
any portion of his Director's fees for that Plan Year.

         3.3 Revocation or Change of Election. Each Participant shall have the
right to revoke or change any prior election to defer a portion or all of his
Director's fees. Any revocation or change of election shall be effective only on
a prospective basis beginning with the Plan Year next following the Committee's
receipt of the revocation or change in proper form.

         3.4 Timing and Form of Election. The Committee shall have the right to
make such rules and regulations regarding the election, revocation or change of
election to defer as are not inconsistent with the requirements of Sections 3.1,
3.2 and 3.3, including establishing election periods, forms for election and all
other pertinent matters.

                                      -7-
<PAGE>
                                   ARTICLE IV

                                     ACCOUNT

         4.1 Establishing a Participant's Account. The Committee will establish
an Account for each Participant in a special Deferred Compensation Ledger which
will be maintained by Sysco. Each Account will reflect the entire interest of
the Participant in the Plan.

         4.2 Credit of the Participant's Deferral. The Committee will credit the
amount of a Participant's deferral to the Participant's Account in the Deferred
Compensation Ledger as it would have been paid during the Plan Year but for the
deferral which was elected.

         4.3 Deemed Investments. The credit balance of the Participant's Account
in the Deferred Compensation Ledger shall be deemed invested and reinvested from
time to time in such Investments as shall be designated by the Participant in
accordance with the following:

             (a) Upon commencement of participation in the Plan, each
Participant shall make a designation of the Investments in which his or her
Account will be deemed invested. The Investments designated by a Participant
shall be deemed to have been purchased on the day on which the Participant's
deferrals are credited to the Participant's Account, unless such day is not a
Business Day, in which event the Investments shall be deemed to have been
purchased on the first Business Day following such day. If a Participant has not
made a designation of Investments in which his or her Account will be deemed
invested, the credit balance of the Participant's Account will be deemed to be
invested in the Default Investment.

             (b) Effective on and after April 1, 2002, those Participants who
have amounts credited to their Account in the Deferred Compensation Ledger as of
April 1, 2002 and who have not yet experienced an event giving rise to a
distribution from the Plan pursuant to Section 6.2 or 6.3 (a "Pre-April 1, 2002
Participant"), shall make a designation of the Investments in which the credit
balance of their Account shall be deemed invested, which credit balance shall be
determined by crediting interest through March 31, 2002 under the provisions of
the Plan in effect before April 1, 2002. If no designation of Investments is
made by a Pre-April 1, 2002 Participant on or before April 1, 2002, the credit
balance of such Participant's Account shall be deemed invested in the Default
Investment as of April 1, 2002. Thereafter, such Pre-April 1, 2002 Participants
shall have the right to change the Investments, including Default Investments,
in which the Participant's Account is deemed invested in accordance with Section
4.3(c).

                                      -8-
<PAGE>

             (c) At such times and under such procedures as the Committee shall
designate, each Participant shall have the right to (i) change the existing
Investments in which the Participant's Account is deemed invested by treating a
portion of the existing Investments in the Participant's Account as having been
sold and the new Investments purchased; and (ii) change the Investments which
are deemed purchased with future credits to the Participant's Account.

             (d) In the case of any deemed purchase of an Investment, the
Participant's Account shall be decreased by a dollar amount equal to the
quantity of Investment treated as purchased multiplied by the net asset value of
such Investment as of such date or, if such date is not a Business Day, on the
first Business Day following such date, and shall be increased by the quantity
of Investment treated as purchased. In the case of any deemed sale of an
Investment, the Participant's Account shall be decreased by the quantity of
Investment treated as sold, and shall be increased by a dollar amount equal to
the quantity of Investment treated as sold multiplied by the net asset value of
such Investment as of such date or, if such date is not a Business Day, on the
first Business Day following such date.

             (e) In the event a Participant or a Participant's Beneficiaries are
entitled to receive a distribution pursuant to Section 6.2 or 6.3 the deemed
Investments in the Participant's Account shall be treated as sold and credited
with a dollar value in accordance with Section 4.3(d) above as of the date of
the event giving rise to the distribution pursuant to Section 6.2 or 6.3. There
shall be no additional credits or debits under this Plan for deemed Investment
earnings or losses following the date of the event giving rise to the
distribution pursuant to Section 6.2 or 6.3.

             (f) In no event shall the Company be under any obligation, as a
result of any designation of Investments made by Participants, to acquire any
Investment assets, it being intended that the designation of any Investment
shall only affect the amounts ultimately paid to a Participant.

             (g) In determining the amounts of all debits and credits to the
Participant's Account, the Committee shall exercise its reasonable best
judgment, and all such determinations (in the absence of bad faith) shall be
binding upon all Participants and their Beneficiaries. If an error is discovered
in the Participant's Account, the Committee, in its sole and absolute
discretion, shall cause appropriate, equitable adjustments to be made as soon as
administratively practicable following the discovery of such error or omission.

         4.4 Procedure to Credit Interest Upon an Event of Distribution.

             (a) Crediting of Interest Prior to Commencement of Distribution. In
the event a Participant or a Participant's Beneficiaries are entitled to receive
a distribution pursuant to Section 6.2 or 6.3, the Participant's Account, as
adjusted pursuant to Section 4.4(e), shall be credited with interest for the
period beginning on the day

                                      -9-
<PAGE>

following the day in which the event giving rise to the distribution occurs and
ending on the last day of the month in which distribution payments commence. The
interest rate shall be the interest rate determined in paragraph (c) below.

             (b) Installment Distribution Option. In the event that all or a
portion of a Participant's Account is to be paid pursuant to the Installment
Distribution Option, interest shall be credited to the declining balance of the
Participant's Account which is to be paid pursuant to the Installment
Distribution Option beginning immediately after the first installment is due and
continuing until the final installment distribution is paid. The interest rate
to be applied will be that rate determined under paragraph (c) for the last
calendar year ending prior to the event giving rise to the distribution. This
rate, once established, will be used until the distribution is complete and will
be compounded annually.

             (c) Interest Rate. For purposes of this Section 4.4, the interest
rate shall be the monthly average of the Moody's Average Corporate Bond Yield
for the calendar year ending prior to the beginning of the Plan Year, plus 1%
compounded annually.

             (d) Effective Date. This Section 4.4 shall apply to distributions
made pursuant to distribution events that occur on and after April 1, 2002. The
interest rate determined under the provisions of the Plan in effect before April
1, 2002 shall continue to be used for distributions made after April 1, 2002
attributable to distribution events that occurred before April 1, 2002.

                                      -10-
<PAGE>
                                    ARTICLE V

                                     VESTING

         The amount credited to a Participant's Account attributable to
deferrals of directors' fees, adjusted for deemed Investment earnings and losses
pursuant to Section 4.3, shall be 100% vested at all times. In addition, all
interest credited pursuant to Section 4.4 shall be 100% vested at all times.

                                      -11-
<PAGE>
                                   ARTICLE VI

                                  DISTRIBUTIONS

         6.1      Form and Time of Distribution.

                  (a) Election, Revocation or Change of Election of the Form of
Distribution. Each Participant shall have the right to elect, to revoke, or to
change any prior election of the form of distribution at the time and under the
rules established by the Committee. Each Participant may only elect a single
distribution option, which election shall apply to all distribution events
applicable to such Participant. The initial election of form of distribution if
received by the Committee in proper form prior to the deferral of any Director's
fees shall be effective upon receipt. All other elections of form of
distribution and all revocations or changes of election of form of distribution
shall be effective only if the election, revocation or change is received by the
Committee in proper form one year prior to the event which requires a
distribution under this Plan. During that one-year period prior to the effective
date of such an election, revocation or change, the last effective election,
revocation or change made by the Participant shall continue to remain in force.

                  (b) Option Forms Available. The options are:

                           (i) a lump sum payment (the "Lump Sum Distribution
Option");

                           (ii) equal quarterly or annual installments of
principal and interest, not to exceed twenty years (the "Installment
Distribution Option"); and

                           (iii) a combination of the Lump Sum Distribution
Option and the Installment Distribution Option.

                  (c) No Effective Election. If there is no effective election
as to form of distribution the Participant shall be conclusively deemed to have
elected 10 equal annual installments of principal and interest (the "Default
Distribution Option").

                  (d) Payment of Amounts Less Than $30,000.00. Notwithstanding
any other provision of this Plan, if the amount to be distributed is less than
$30,000.00 on the date the event occurred which requires distribution, the
distribution shall be made in one lump sum.

                                      -12-
<PAGE>

                  (e) Commencement of Distributions. Distributions pursuant to
this Section 6.1 shall commence as soon as administratively feasible after the
event giving rise to the distribution, but not later than 90 days after the
event giving rise to the distribution, provided that in the case of the death of
the Participant, distributions shall not commence within the 30-day period
following the Participant's death.

         6.2 Death/Beneficiary Designation. Upon the death of a Participant, the
Participant's Beneficiary or Beneficiaries will receive the balance then
credited to the Participant's Accounts in the Deferred Compensation Ledger at
the time and in the manner provided in Section 6.1. Each Participant, at the
time of making his initial deferral election, must file with the Committee a
designation of one or more Beneficiaries to whom distributions otherwise due the
Participant will be made in the event of his death prior to the complete
distribution of the amount credited to his Account in the Deferred Compensation
Ledger. The designation will be effective upon receipt by the Committee of a
properly executed form which the Committee has approved for that purpose. The
Participant may from time to time revoke or change any designation of
Beneficiary by filing another approved Beneficiary designation form with the
Committee. If there is no valid designation of Beneficiary on file with the
Committee at the time of the Participant's death, or if all of the Beneficiaries
designated in the last Beneficiary designation have predeceased the Participant
or, in the case of an entity, otherwise ceased to exist, the Beneficiary will be
the Participant's spouse, if the spouse survives the Participant, or otherwise
the Participant's estate. A Beneficiary who is an individual will be deemed to
have predeceased the Participant if the Beneficiary dies within 30 days of the
date of the Participant's death. If any Beneficiary survives the Participant but
dies or, in the case of an entity, otherwise ceases to exist before receiving
all amounts due the Beneficiary from the Participant's Account, the balance of
the amount which would have been paid to that Beneficiary will, unless the
Participant's designation provides otherwise, be distributed to the individual
deceased Beneficiary's estate or, in the case of a Beneficiary which is an
entity, to the Participant's spouse, if the spouse survives the Participant, or
otherwise to the Participant's estate. Any Beneficiary designation which
designates any person or entity other than the Participant's spouse must be
consented to in writing by the Participant's spouse in a form acceptable to the
Committee in order to be effective.

         6.3 Other Distribution Events. Upon the Participant's retirement,
resignation or removal from the Board of Directors for any reason (including as
a result of the Participant's disability), the Participant will receive the
amount credited to the Participant's Account in the Deferred Compensation Ledger
at the time and in the manner provided in Section 6.1.

                                      -13-
<PAGE>

         6.4 Hardship Withdrawals. Any Participant who is in pay status may
request a hardship withdrawal. No hardship withdrawal can exceed the lesser of
the amount credited to the Participant's Account or the amount reasonably needed
to satisfy the emergency need. Whether a hardship exists and the amount
reasonably needed to satisfy the emergency need will be determined by the
Committee based upon the evidence presented by the Participant and the rules
established in this Section. If a hardship withdrawal is approved by the
Committee it will be paid within 10 days of the Committee's determination. A
hardship for this purpose is a severe financial hardship to the Participant
resulting from a sudden and unexpected illness or accident of the Participant or
of a dependent (as defined in Section 152(a) of the Internal Revenue Code of
1986, as amended) of the Participant, loss of the Participant's property due to
casualty, or any similar extraordinary and unforeseeable circumstance arising as
a result of events beyond the control of the Participant. The circumstances that
will constitute a hardship will depend upon the facts of each case, but, in any
case, payment may not be made to the extent that the hardship is or may be
relieved: (a) through reimbursement or compensation by insurance or otherwise,
(b) by liquidation of the Participant's assets, to the extent the liquidation of
such assets will not itself cause severe financial hardship, or (c) by cessation
of deferrals under this Plan. Such foreseeable needs for funds, as the need to
send a Participant's child to college or the desire to purchase a home will not
be considered to be a hardship.

         6.5 Expenses Incurred in Enforcing the Plan. Sysco will, in addition,
pay a Participant for all legal fees and expenses incurred by him in contesting
or disputing his removal from the Board of Directors or in seeking to obtain or
enforce any benefit provided by this Plan if the removal occurs in the Plan Year
in which a Change of Control occurs or during the next three succeeding Plan
Years following the Plan Year in which a Change of Control occurs.

         6.6 Responsibility for Distributions and Withholding of Taxes. The
Committee will furnish information to Sysco concerning the amount and form of
distribution to any Participant entitled to a distribution so that Sysco may
make or cause the Trust to make the distribution required. The Committee will
also calculate the deductions from the amount of the benefit paid under the Plan
for any taxes required to be withheld by federal, state or local government and
will cause them to be withheld.

                                      -14-
<PAGE>

         6.7 Acceleration of Payments Upon a Change of Control.

                  (a) If there is a Change of Control of Sysco, then any
Participant or, if the Participant is deceased, the Participant's Beneficiary,
shall be entitled to make an election (a "Change of Control Payout Election") to
receive a lump sum payment in full satisfaction of all benefits to which the
Participant or Beneficiary would otherwise be entitled under the Plan. A Change
of Control Payout Election shall be made by written notice to the Committee by
the electing person at any time after the Change of Control of Sysco.
Notwithstanding anything herein to the contrary, the payment (the "Change of
Control Payout Benefit") shall be made as soon as administratively feasible
after receipt of the Change of Control Payout Election, but no later than 90
days from the date of receipt of the Change of Control Payout Election. If a
Participant or Beneficiary makes a Change of Control Payout Election, the Change
of Control Payout Benefit shall be the exclusive payment to which the
Participant, the Participant's spouse and/or the Beneficiary will be eligible
under the Plan and no benefit payments shall be made to a Participant or the
Participant's Beneficiary pursuant to any other provision of this Plan following
a Change of Control Payout Election, provided that a Participant who remains a
member of the Board of Directors of the Company after making the Change of
Control Payout Election shall not be precluded from further participation in the
Plan with respect to future deferrals pursuant to Section 3.1 of the Plan to the
extent such Participant otherwise continues to be eligible to make such
election.

                  (b) A Participant's Change of Control Payout Benefit shall be
determined as follows:

                           (i) If the Participant or the Participant's
Beneficiary has not received any payments pursuant to the Plan on or prior to
the Change of Control Payout Election, the Change of Control Payout Benefit
shall equal 90% of the balance of the Participant's Account as of the date of
the Change of Control Payout Election.

                           (ii) If the Participant or the Participant's
Beneficiary has received payments pursuant to the Plan on or prior to the Change
of Control Payout Election, the Change of Control Payout Benefit shall equal the
sum of (A) 90% of the remaining principal balance of the installment payments
due the Participant or the Participant's Beneficiary as of the date of the
Change of Control Payout Election, and (B) interest on such remaining principal
balance determined pursuant to Section 4.4 hereof from the date of the last
installment paid pursuant to the Plan with respect to such Participant or
Beneficiary through the date of payment of the Change of Control Payment
Benefit.

                                      -15-
<PAGE>
                                   ARTICLE VII

                                 ADMINISTRATION

         7.1 Committee Appointment. The Committee will be comprised of the
Chairman of the Board of Directors, the President, the Secretary and the
Treasurer of Sysco. The Board of Directors will have the sole discretion to
remove any one or more Committee members and appoint one or more replacement or
additional Committee members from time to time.

         7.2 Committee Organization and Voting. The Committee will select from
among its members a chairman who will preside at all of its meetings and will
elect a secretary without regard to whether that person is a member of the
Committee. The secretary will keep all records, documents and data pertaining to
the Committee's supervision and administration of the Plan. A majority of the
members of the Committee will constitute a quorum for the transaction of
business and the vote of a majority of the members present at any meeting will
decide any question brought before the meeting. In addition, the Committee may
decide any question by vote, taken without a meeting, of a majority of its
members. A member of the Committee who is also a Participant will not vote or
act on any matter relating solely to himself.

         7.3 Powers of the Committee. The Committee will have the exclusive
responsibility for the general administration of the Plan according to the terms
and provisions of the Plan and will have all powers necessary to accomplish
those purposes, including but not by way of limitation the right, power and
authority:

                  (a) to make rules and regulations for the administration of
the Plan;

                  (b) to construe all terms, provisions, conditions and
limitations of the Plan;

                  (c) to correct any defect, supply any omission or reconcile
any inconsistency that may appear in the Plan in the manner and to the extent it
deems expedient to carry the Plan into effect for the greatest benefit of all
parties at interest;

                  (d) to designate the persons eligible to become Participants;

                  (e) to determine all controversies relating to the
administration of the Plan, including but not limited to:

                                      -16-
<PAGE>

                           (i) differences of opinion arising between Sysco and
a Participant except when the difference of opinion relates to the entitlement
to, the amount of or the method or timing of payment of a benefit affected by a
Change of Control; and

                           (ii) any question it deems advisable to determine in
order to promote the uniform administration of the Plan for the benefit of all
parties at interest;

                  (f) to delegate by written notice those clerical and
recordation duties of the Committee, as it deems necessary or advisable for the
proper and efficient administration of the Plan; and

                  (g) to designate the investment options treated as Investments
for purposes of this Plan.

         7.4 Committee Discretion. The Committee in exercising any power or
authority granted under this Plan or in making any determination under this Plan
shall perform or refrain from performing those acts using its sole discretion
and judgment. By way of amplification and without limiting the foregoing, the
Company specifically intends that the Committee have the greatest possible
discretion to construe the terms of the Plan and to determine all questions
concerning eligibility, participation, and benefits. Any decision made by the
Committee or any refraining to act or any act taken by the Committee in good
faith shall be final and binding on all parties. The Committee's decision shall
never be subject to de novo review. Notwithstanding the foregoing, the
Committee's decisions, refraining to act or acting is to be subject to judicial
review for those incidents occurring during the Plan Year in which a Change of
Control occurs and during the next three succeeding Plan Years.

         7.5 Reimbursement of Expenses. The Committee will serve without
compensation for its services but will be reimbursed by Sysco for all expenses
properly and actually incurred in the performance of its duties under the Plan.

                                      -17-
<PAGE>
                                  ARTICLE VIII

                          AMENDMENT AND/OR TERMINATION

         8.1 Amendment or Termination of the Plan. The members of the Board of
Directors who are not eligible to participate may amend or terminate this Plan
at any time by an instrument in writing.

         8.2 No Retroactive Effect on Account. No amendment will affect the
rights of any Participant to the amounts then standing to his credit in his
Account in the Deferred Compensation Ledger, to change the method of calculating
Investment earnings and losses already accrued prior to the date of the
amendment or to change a Participant's rights under any provision relating to a
Change of Control after a Change of Control has occurred without the
Participant's consent. However, the members of the Board of Directors who are
not eligible to participate shall retain the right at any time to change in any
manner the method of calculating Investment earnings and losses effective from
and after the date of the amendment if it has been announced to the
Participants.

         8.3 Effect of Termination. If the Plan is terminated, all amounts
deferred by Participants and credited to a Participant's Account remain vested
under Section 5.1, and Section 4.3 will be applied as if the Participant were
entitled to and did retire on the date the Plan terminated. Distribution would
commence in accordance with Section 6.3 as soon as conveniently practicable and
interest during the distribution period would be calculated and credited in
accordance with Section 4.4.

                                      -18-
<PAGE>
                                   ARTICLE IX

                                     FUNDING

         9.1 Payments Under This Agreement Are the Obligation of Sysco. Sysco
will pay the benefits due the Participants under this Plan; however should it
fail to do so when a benefit is due, the benefit will be paid by the trustee of
that certain trust established pursuant to Section 9.2. In any event, if the
Trust fails to pay for any reason, Sysco remains liable for the payment of all
benefits provided by this Plan.

         9.2 Agreement May Be Funded Through Rabbi Trust. It is specifically
recognized by both Sysco and the Participants that Sysco may, but is not
required to, contribute any amount it finds desirable to a so-called "Rabbi
Trust," established to accumulate assets sufficient to fund the obligations of
Sysco under this Plan. However, under all circumstances, the rights of the
Participants to the assets held in the Trust will be no greater than the rights
expressed in this agreement. Nothing contained in any trust agreement which
creates any funding trust or trusts will constitute a guarantee by Sysco that
assets of Sysco transferred to that trust or those trusts will be sufficient to
pay any benefits under this Plan or would place the Participant in a secured
position ahead of general creditors should Sysco become insolvent or bankrupt.
Any trust agreement prepared to fund Sysco's obligations under this agreement
must specifically set out these principles so it is clear in that trust
agreement that the Participants in this Plan are only unsecured general
creditors of Sysco in relation to their benefits under this Plan.

         9.3 Reversion of Excess Assets. Sysco may at any time request the
recordkeeper for the Plan to determine the present Account balance, taking into
account credits and debits arising from the deemed Investment earnings and
losses in accordance with Section 4.3, as of the month end coincident with or
next following the request, of all Participants and Beneficiaries of deceased
Participants for which Sysco is or will be obligated to make payments under this
Plan. If the fair market value of the assets held in the Trust, as determined by
the Trustee as of that same date, exceeds the total of the accrued benefits of
all Participants and Beneficiaries by 25%, Sysco may direct the trustee to
return to it all of the excess funds. However, if there has been a Change of
Control, for the purpose of determining if there are excess funds, all
contributions made prior to the Change of Control will be subtracted from the
fair market value of the assets held in the Trust as of the determination date
but before the determination is made.

                                      -19-
<PAGE>

         9.4 Participants Must Rely Only on General Credit of Sysco. It is also
specifically recognized by both Sysco and the Participants that this Plan is
only a general corporate commitment and that each Participant must rely upon the
general credit of Sysco for the fulfillment of its obligations hereunder. Under
all circumstances the rights of Participants to any asset held by Sysco will be
no greater than the rights expressed in this agreement. Nothing contained in
this agreement will constitute a guarantee by Sysco that the assets of Sysco
will be sufficient to pay any benefits under this Plan or would place the
Participant in a secured position ahead of general creditors of Sysco. Though
Sysco has established and may fund a Rabbi Trust, as indicated in Section 9.2,
to accumulate assets to fulfill its obligations, the Plan and any such trust
will not create any lien, claim, encumbrance, right, title or other interest of
any kind whatsoever in any Participant in any asset held by Sysco, contributed
to any such trust or otherwise designated to be used for payment of any of its
obligations created in this agreement. No specific assets of Sysco have been or
will be set aside, or will in any way be transferred to any trust or will be
pledged in any way for the performance of Sysco's obligations under this Plan
which would remove such assets from being subject to the general creditors of
Sysco.

                                      -20-
<PAGE>
                                    ARTICLE X

                                  MISCELLANEOUS

         10.1 Limitation of Rights. Nothing in this Plan will be construed:

              (a) to give any member of the Board of Directors any right to be
designated a Participant in the Plan;

              (b) to give a Participant any right with respect to the fee or
compensation deferred, the deemed Investment earnings and losses, or the
interest credited in the Deferred Compensation Ledger, except in accordance with
the terms of this Plan;

              (c) to limit in any way the right of Sysco to remove a Participant
from the Board of Directors at any time;

              (d) to evidence any agreement or understanding, expressed or
implied, that Sysco will retain a Participant as a member of the Board of
Directors for any particular remuneration; or

              (e) to give a Participant or any other person claiming through him
any interest or right under this Plan other than that of any unsecured general
creditor of Sysco.

         10.2 Distributions to Incompetents or Minors. Should a Participant
become incompetent or should a Participant designate a Beneficiary who is a
minor or incompetent, the Committee is authorized to pay the funds due to the
parent of the minor or to the guardian of the minor or incompetent or directly
to the minor or to apply those funds for the benefit of the minor or incompetent
in any manner the Committee determines in its sole discretion.

         10.3 Nonalienation of Benefits. No right or benefit provided in this
Plan will be transferable by the Participant except, upon his death, to a named
Beneficiary as provided in this Plan. No right or benefit under this Plan will
be subject to anticipation, alienation, sale, assignment, pledge, encumbrance or
charge, and any attempt to anticipate, alienate, sell, assign, pledge, encumber,
or charge the same will be void. No right or benefit under this Plan will in any
manner be liable for or subject to any debts, contracts, liabilities or torts of
the person entitled to such benefits. If any Participant or any Beneficiary
becomes bankrupt or attempts to anticipate, alienate, sell, assign, pledge,
encumber or charge any right or benefit under this Plan, that right or benefit
will, in the discretion of the Committee, cease. In that event, the Committee
may have Sysco hold or apply the right or benefit or any part of it to the
benefit of the Participant or Beneficiary, his or her spouse, children or other
dependents or any of them in

                                      -21-
<PAGE>

any manner and in any proportion the Committee believes to be proper in its sole
and absolute discretion, but is not required to do so.

         10.4 Reliance Upon Information. The Committee will not be liable for
any decision or action taken in good faith in connection with the administration
of this Plan. Without limiting the generality of the foregoing, any decision or
action taken by the Committee when it relies upon information supplied to it by
any officer of Sysco, Sysco's legal counsel, Sysco's independent accountants or
other advisors in connection with the administration of this Plan will be deemed
to have been taken in good faith.

         10.5 Severability. If any term, provision, covenant or condition of the
Plan is held to be invalid, void or otherwise unenforceable, the rest of the
Plan will remain in full force and effect and will in no way be affected,
impaired or invalidated.

         10.6 Notice. Any notice or filing required or permitted to be given to
the Committee or a Participant will be sufficient if submitted in writing and
hand-delivered or sent by U.S. mail to the principal office of Sysco or to the
residential mailing address of the Participant. Notice will be deemed to be
given as of the date of hand-delivery or if delivery is by mail, as of the date
shown on the postmark.

         10.7 Gender and Number. Words used in this Plan of one gender are to be
construed as though they were also used in another gender in all cases where
they would so apply and likewise words in the singular or plural are to be
construed as though they also included the other in all cases where they would
so apply.

         10.8 Governing Law. The Plan will be construed, administered and
governed in all respects by the laws of the State of Texas.

         10.9 Effective Date. This Plan will be operative and effective on
January 1, 1992.

         IN WITNESS WHEREOF, Sysco has executed this document as of April 1,
2002, amending and restating the Plan to incorporate the First and Second
Amendments into the last previously amended and restated Plan which was executed
December 7, 1995.

                                     SYSCO CORPORATION

                                     By:    /s/ Diane Day Sanders
                                        ---------------------------------------
                                     Name:    Diane Day Sanders
                                          -------------------------------------
                                     Title:   Vice President and Treasurer
                                           ------------------------------------

                                      -22-
<PAGE>

                                   EXHIBIT "A"

                               INVESTMENT OPTIONS

                                   [ATTACHED]

                                      -23-
<PAGE>

                                                         Effective April 1, 2002

                                SYSCO CORPORATION
                  BOARD OF DIRECTORS DEFERRED COMPENSATION PLAN

                               INVESTMENT OPTIONS

         The following are the "Investments" that are available under the Sysco
Corporation Board of Directors Deferred Compensation Plan:

         MUTUAL FUNDS

<Table>
<Caption>
                         FUND                                         FUND MANAGER
                         ----                                         ------------
<S>                                                         <C>
             Fidelity VIP Growth                            Fidelity Management & Research Co.
             Large Cap Value                                T. Rowe Price Associates Inc.
             Equity Index                                   SSgA Funds Management
             Small/Mid Cap CORE                             Goldman Sachs Asset Management
             Frontier Capital Appreciation                  Frontier Capital Management
             Small Cap Value                                T. Rowe Price Associates Inc.
             Brandes International Equity                   Brandes Investment Partners
             Emerging Markets Equity                        Morgan Stanley Investment Management
             Bond Index                                     Mellon Bond
</Table>

         OTHER

         Moody's Average Corporate Bond Yield, plus 1%, as described in Section
1.11 of the Plan.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00043-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00043-of-00352.parquet"}]]