Document:

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                                                                    EXHIBIT 10.2

                            THE J. M. SMUCKER COMPANY

                           RESTRICTED SHARES AGREEMENT

         WHEREAS, ___________________ (the "Grantee") is an employee of The J.
M. Smucker Company, an Ohio corporation (the "Company"); and

         WHEREAS, the execution of an agreement in the form hereof (this
"Agreement") has been authorized by a resolution of the Executive Compensation
Committee (the "Committee") of the Board of Directors of the Company, pursuant
to the Company's 1998 Equity and Performance and Incentive Plan as amended (the
"Plan"), as of __________________ (the "Date of Grant");

         NOW, THEREFORE, the Company hereby grants to the Grantee __________
Restricted Shares (as defined in the Plan) (the "Restricted Shares"), effective
as of the Date of Grant, subject to the terms and conditions of the Plan and the
following additional terms, conditions, limitations and restrictions.

                                   ARTICLE I

                                   DEFINITIONS

         All terms used herein with initial capital letters and not otherwise
defined herein that are defined in the Plan shall have the meanings assigned to
them in the Plan.

                                   ARTICLE II

                     CERTAIN TERMS OF THE RESTRICTED SHARES

         1.       Issuance of Restricted Shares. The Restricted Shares covered
by this Agreement shall be issued to the Grantee effective upon the Date of
Grant. The Common Shares subject to this grant of Restricted Shares shall be
fully paid and nonassessable and shall be, as determined by the Company, either
represented by a certificate or certificates or by electronic direct
registration, registered in the Grantee's name, and endorsed with an appropriate
legend referring to the restrictions hereinafter set forth.

         2.       Restrictions on Transfer of Shares. The Common Shares subject
to this grant of Restricted Shares may not be sold, exchanged, assigned,
transferred, pledged, encumbered or otherwise disposed of by the Grantee, except
to the Company, until the Restricted Shares have become nonforfeitable as
provided in Section 3 hereof; provided, however, that the Grantee's rights with
respect to such Common Shares may be transferred by will or pursuant to the laws
of descent and distribution. Any purported transfer or encumbrance in violation
of the provisions of this Section 2 of this Article II shall be void, and the
other party to any such purported transaction shall not obtain any rights to or
interest in such Common Shares. The Company in its sole discretion, when and as
permitted by the Plan, may waive the restrictions on transferability with
respect to all or a portion of the Common Shares subject to this grant of
Restricted Shares.

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         3.       Vesting of Restricted Shares.

                  (a)      All of the Restricted Shares covered by this
Agreement shall become nonforfeitable as follows: [INSERT VESTING SCHEDULE], if
the Grantee shall have remained in the continuous employ of the Company or a
Subsidiary during that period.

                  (b)      Notwithstanding the provisions of Section 3(a) of
this Article II, all of the Restricted Shares covered by this Agreement shall
immediately become nonforfeitable (i) if the Grantee dies or becomes permanently
disabled while in the employ of the Company or a Subsidiary during the [INSERT
VESTING PERIOD] period from the Date of Grant, (ii) if, at any time during the
[INSERT VESTING PERIOD] period from the Date of Grant, the Grantee is age 60
with at least ten years of service with the Company, or (iii) if a Change in
Control occurs during the [INSERT VESTING PERIOD] period from the Date of Grant
while the Grantee is employed by the Company or a Subsidiary.

                  (c)      Notwithstanding the provisions of Section 3(a) of
this Article II, if the Grantee leaves the employ of the Company or a Subsidiary
within [INSERT VESTING PERIOD] from the Date of Grant under circumstances
determined by the Committee to be for the convenience of the Company, the
Committee may, when and as permitted by the Plan, determine that all of the
Restricted Shares covered by this Agreement shall become nonforfeitable.

         4.       Forfeiture of Shares. The Restricted Shares shall be
forfeited, except as otherwise provided in Section 3 above, if the Grantee
ceases to be employed by the Company or a Subsidiary prior to [INSERT VESTING
PERIOD] years from the Date of Grant. In the event of a forfeiture, any
certificate(s) representing the Restricted Shares or any evidence of direct
registration representing the Restricted Shares covered by this Agreement shall
be cancelled.

         5.       Dividend, Voting and Other Rights. (a) Except as otherwise
provided herein, from and after the Date of Grant, the Grantee shall have all of
the rights of a shareholder with respect to the Restricted Shares covered by
this Agreement, including the right to vote such Restricted Shares and receive
any dividends that may be paid thereon; provided, however, that any additional
Common Shares or other securities that the Grantee may become entitled to
receive pursuant to a stock dividend, stock split, combination of shares,
recapitalization, merger, consolidation, separation, or reorganization or any
other change in the capital structure of the Company shall be subject to the
same restrictions as the Restricted Shares covered by this Agreement.

                  (a)      Cash dividends on the Restricted Shares covered by
this Agreement shall be paid to the Grantee pursuant to the Company's Amended
Articles of Incorporation and reported on the Grantee's annual wage and tax
statement (Form W-2) as compensation.

         6.       Retention of Stock Certificate(s) by the Company. Certificates
representing the Common Shares, if any, will be held in custody by the Company

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together with a stock power endorsed in blank by the Grantee with respect
thereto, until those shares have become nonforfeitable in accordance with
Section 3.

                                  ARTICLE III

                               GENERAL PROVISIONS

         1.       Compliance with Law. The Company shall make reasonable efforts
to comply with all applicable federal and state securities laws; provided,
however, notwithstanding any other provision of this Agreement, the Company
shall not be obligated to issue any Common Shares pursuant to this Agreement if
the issuance thereof would result in a violation of any such law.

         2.       Withholding Taxes. To the extent that the Company or any
Subsidiary is required to withhold any federal, state, local or foreign tax in
connection with any delivery of Common Shares pursuant to this Agreement, and
the amounts available to the Company or such Subsidiary are insufficient, it
shall be a condition to the receipt of such delivery that the Grantee make
arrangements satisfactory to the Company or such Subsidiary for payment of the
balance of such taxes required to be withheld. This tax withholding obligation
shall be satisfied by the Company withholding Common Shares otherwise
deliverable pursuant to this award in order to satisfy the minimum tax
withholding amount permissible under the method that results in the least amount
withheld.

         3.       Continuous Employment. For purposes of this Agreement, the
continuous employment of the Grantee with the Company or a Subsidiary shall not
be deemed to have been interrupted, and the Grantee shall not be deemed to have
ceased to be an employee of the Company or Subsidiary, by reason of the (i)
transfer of his employment among the Company and its Subsidiaries or (ii) a
leave of absence approved by the Board or the Committee.

         4.       Right to Terminate Employment. No provision of this Agreement
shall limit in any way whatsoever any right that the Company or a Subsidiary may
otherwise have to terminate the employment of the Grantee at any time. Nothing
herein shall be deemed to create a contract or a right to employment with
respect to the Grantee.

         5.       Relation to Other Benefits. Any economic or other benefit to
the Grantee under this Agreement or the Plan shall not be taken into account in
determining any benefits to which the Grantee may be entitled under any
profit-sharing, retirement, or other benefit or compensation plan maintained by
the Company or a Subsidiary and shall not affect the amount of any life
insurance coverage available to any beneficiary under any life insurance plan
covering employees of the Company or a Subsidiary.

         6.       Amendments. Any amendment to the Plan shall be deemed to be an
amendment to this Agreement to the extent that the amendment is applicable
hereto; provided, however, that no amendment shall adversely affect the rights
of the Grantee under this Agreement without the Grantee's consent.

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         7.       Severability. In the event that one or more of the provisions
of this Agreement shall be invalidated for any reason by a court of competent
jurisdiction, any provision so invalidated shall be deemed to be separable form
the other provisions hereof, and the remaining provisions hereof shall continue
to be valid and fully enforceable.

         8.       Relation to Plan. This Agreement is subject to the terms and
conditions of the Plan. In the event of any inconsistency between the provisions
of this Agreement and the Plan, the Plan shall govern. The Board acting pursuant
to the Plan, as constituted from time to time, shall, except as expressly
provided otherwise herein, have the right to determine any questions which arise
in connection with the grant of the Restricted Shares.

         9.       Governing Law. This Agreement is made under, and shall be
construed in accordance with, the internal substantive laws of the State of
Ohio.

         This Agreement is executed by the Company as of the ____ day of
______________.

                                        THE J. M. SMUCKER COMPANY

                                        By:
                                                 -------------------------------
                                        Name:    M. Ann Harlan
                                        Title:   Vice President, General Counsel
                                                 and Secretary

         The undersigned hereby acknowledges receipt of an executed original of
this Restricted Shares Agreement, together with a copy of the Plan, and accepts
the award of Restricted Shares granted hereunder on the terms and conditions set
forth herein and in the Plan.

Date:
       -----------------------------                 ---------------------------
                                                     Grantee

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                                                                    EXHIBIT 10.3

                            THE J. M. SMUCKER COMPANY

                            DEFERRED SHARES AGREEMENT
                            (FOR NON-U.S. TAXPAYERS)

         WHEREAS, _________________ (the "Grantee") is an employee of The J. M.
Smucker Company, as Ohio corporation (the "Company"); and

         WHEREAS, the execution of an agreement in the form hereof (this
"Agreement") has been authorized by a resolution of the Executive Compensation
Committee (the "Committee") of the Board of Directors of the Company, pursuant
to the Company's 1998 Equity and Performance Incentive Plan (as Amended and
Restated) (the "Plan"), as of _________________, (the "Date of Grant");

         NOW, THEREFORE, the Company hereby grants to the Grantee
________________ Deferred Shares (as defined in the Plan) (the "Deferred
Shares"), effective as of the Date of Grant, subject to the terms and conditions
of the Plan and the following additional terms, conditions, limitations and
restrictions.

                                    ARTICLE I

                                   DEFINITIONS

         All terms used herein with initial capital letters and not otherwise
defined herein that are defined in the Plan shall have the meanings assigned to
them in the Plan.

                                   ARTICLE II

                      CERTAIN TERMS OF THE DEFERRED SHARES

         1.       Grant of Deferred Shares. The Deferred Shares covered by this
Agreement are granted to the Grantee effective on the Date of Grant and are
subject to and granted upon the terms, conditions and restrictions set forth in
this Agreement and in the Plan. The Deferred Shares shall become vested in
accordance with Section 3 hereof. Each Deferred Share shall represent one
hypothetical share of Common Stock, without par value of the Company (the
"Common Stock") and shall at all times be equal in value to one share of Common
Stock. The Deferred Shares will be credited to the Grantee in an account
established for the Grantee until payment in accordance with Section 4 hereof.

         2.       Restrictions on Transfer of Deferred Shares. Neither the
Deferred Shares granted hereby nor any interest therein or in the Common Stock
related thereto shall be transferable prior to payment other than by will or
pursuant to the laws of descent and distribution (or to a designated beneficiary
in the event of the Grantee's death).

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         3.       Vesting of Deferred Shares.

                  (a)      The Deferred Shares shall become vested as follows:
[INSERT VESTING SCHEDULE] (the "Vesting Date") if the Grantee shall have
remained in the continuous employ of the Company or a subsidiary during that
period. Any Deferred Shares not vested will be forfeited, except as provided in
Section 3(b) below, if the Grantee ceases to be continuously employed by the
Company prior to the Vesting Date.

                  (b)      Notwithstanding the provisions of Section 3(a), all
of the Deferred Shares shall immediately become non-forfeitable (each, a
"Vesting Event") (i) if the Grantee dies or becomes permanently disabled while
in the employ of the Company or a Subsidiary during the [INSERT VESTING PERIOD]
period from the Date of Grant, (ii) if, at any time during the [INSERT VESTING
PERIOD] period from the Date of Grant, the Grantee is age 60 with at least ten
years of service with the Company, or (iii) if a Change in Control occurs during
the [INSERT VESTING PERIOD] period from the Date of Grant while the Grantee is
employed by the Company or a Subsidiary.

         4.       Issuance of the Common Stock.

                  (a)      The Company will issue to the Grantee the Common
Stock underlying the vested Deferred Shares on the Vesting Date or, if earlier,
upon the occurrence of a Vesting Event.

                  (b)      Except to the extent permitted by the Company and the
Plan, no Common Stock may be issued to the Grantee at a time earlier than
otherwise expressly provided in this Agreement.

                  (c)      The Company's obligations to the Grantee with respect
to the Deferred Shares will be satisfied in full upon the issuance of shares of
Common Stock corresponding to such Deferred Shares.

         5.       Dividend, Voting and Other Rights.

                  (a)      The Grantee shall have no rights of ownership in the
Deferred Shares and shall have no right to dividends and no right to vote
Deferred Shares until the date on which the Common Stock underlying the Deferred
Shares is transferred to the Grantee pursuant to Section 4 above.

                  (b)      The obligations of the Company under this Agreement
will be merely that of an unfunded and unsecured promise of the Company to
deliver shares of Common Stock in the future, and the rights of the Grantee will
be no greater than that of an unsecured general creditor. No assets of the
Company will be held or set aside as security for the obligations of the Company
under this Agreement.

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                                   ARTICLE III

                               GENERAL PROVISIONS

         1.       Adjustments. The number of shares of Common Stock issuable
pursuant to the Deferred Shares is subject to adjustment as provided in Section
10 of the Plan.

         2.       Compliance with Law. The Company shall make reasonable efforts
to comply with all applicable federal and state securities laws; provided,
however, notwithstanding any other provision of this Agreement, the Company
shall not be obligated to issue any shares of Common Stock pursuant to this
Agreement if the issuance thereof would result in a violation of any such law.

         3.       Compliance with Section 409A of the Code. To the extent that
the Grantee is or becomes subject to payment of U.S. tax, then appropriate
adjustments may be made if necessary to make the awards comply with Section 409A
of the Code. Reference to Section 409A of the Code will also include any
proposed, temporary or final regulations, or any other guidance, promulgated
with respect to such Section by the U.S. Department of the Treasury or the
Internal Revenue Service.

         4.       Withholding Taxes. To the extent that the Company or any
Subsidiary is required to withhold any federal, state, local or foreign tax in
connection with the Deferred Shares or the issuance of Common Shares pursuant to
this Agreement, and the amounts available to the Company or such Subsidiary are
insufficient, it shall be a condition to the issuance of such Common Shares that
the Grantee make arrangements satisfactory to the Company or such Subsidiary for
payment of the balance of such taxes required to be withheld. This tax
withholding obligation shall be satisfied by the Company withholding Common
Shares otherwise issuable pursuant to this award in order to satisfy the minimum
tax withholding amount permissible under the method that results in the least
amount withheld.

         5.       Continuous Employment. For purposes of this Agreement, the
continuous employment of the Grantee with the Company or a Subsidiary shall not
be deemed to have been interrupted, and the Grantee shall not be deemed to have
ceased to be an employee of the Company or Subsidiary, by reason of the (i)
transfer of his employment among the Company and its Subsidiaries or (ii) a
leave of absence approved by the Board or the Committee.

         6.       Right to Terminate Employment. No provision of this Agreement
shall limit in any way whatsoever any right that the Company or a Subsidiary may
otherwise have to terminate the employment of the Grantee at any time. Nothing
herein shall be deemed to create a contract or a right to employment with
respect to the Grantee.

         7.       Relation to Other Benefits. Any economic or other benefit to
the Grantee under this Agreement or the Plan shall not be taken into account in
determining any benefits to which the Grantee may be entitled under any
profit-sharing, retirement, or other benefit or compensation plan maintained by
the Company or a Subsidiary and shall not affect the amount of any life
insurance coverage available to any beneficiary under any life insurance plan
covering employees of the Company or a Subsidiary.

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<PAGE>

         8.       Amendments. Any amendment to the Plan shall be deemed to be an
amendment to this Agreement to the extent that the amendment is applicable
hereto; provided, however, that no amendment shall adversely affect the rights
of the Grantee under this Agreement without the Grantee's consent.

         9.       Severability. In the event that one or more of the provisions
of this Agreement shall be invalidated for any reason by a court of competent
jurisdiction, any provision so invalidated shall be deemed to be separable from
the other provisions hereof, and the remaining provisions hereof shall continue
to be valid and fully enforceable.

         10.      Relation to Plan. This Agreement is subject to the terms and
conditions of the Plan. In the event of any inconsistency between the provisions
of this Agreement and the Plan, the Plan shall govern. The Board acting pursuant
to the Plan, as constituted from time to time, shall, except as expressly
provided otherwise herein, have the right to determine any questions which arise
in connection with the grant of the Deferred Shares.

         11.      Governing Law. This Agreement is made under, and shall be
construed in accordance with, the internal substantive laws of the State of
Ohio.

         This Agreement is executed by the Company as of the ____ day of
___________.

                                     THE J. M. SMUCKER COMPANY

                                     By:
                                            ---------------------------------
                                     Name:  M. Ann Harlan
                                     Title: Vice President, General Counsel and
                                            Secretary

         The undersigned hereby acknowledges receipt of an executed original of
this Deferred Shares Agreement, together with a copy of the Plan and accepts the
award of Deferred Shares granted hereunder on the terms and conditions set forth
herein and in the Plan.

Date:
      -------------------                       -------------------------------
                                                Grantee

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