Document:

Fourth Amendment to the 1997 Amended and Restated Deferred Compensation Plan

 EXHIBIT 10.10 
 FOURTH AMENDMENT TO THE 1997 AMENDED AND RESTATED 
 CHIQUITA BRANDS
INTERNATIONAL, INC. 
 DEFERRED COMPENSATION PLAN 

THIS FOURTH AMENDMENT is made this 15th day of December, 2010 by CHIQUITA BRANDS INTERNATIONAL, INC. (the
“Company”). 
 WITNESSETH: 
 WHEREAS, the Company has adopted the 1997 Amended and Restated Chiquita Brands International, Inc. Deferred Compensation Plan (the “Plan”); 

WHEREAS, Section 15.4 of the Plan allows the Company to amend or modify the Plan in whole or in part; and 

WHEREAS, the Company desires to terminate the Plan, distribute the account balances of certain Participants and transfer liability with
respect to all remaining account balances under the Plan. 
 NOW, THEREFORE, BE IT RESOLVED that the Plan is hereby amended as
follows: 
 1.     A new Section 16 is added to the Plan to provide as follows: 

16.     Plan Termination 
 16.1     Effective as of December 31, 2010 (the “Termination Date”), the Plan (and each predecessor plan in effect at the time a deferral was made, as described in
Section 1.2) shall be terminated. No further deferrals or contributions may be allocated to any Account under the Plan and no interest or dividends shall accrue to Accounts on or after the Termination Date. 

 

	(i)	If a Participant’s employment with the Company terminates for any reason on or before the Termination Date or the Deferral Term elected by the Participant ended
before the Termination Date, any undistributed portion of the Participant’s Accounts (the “Distributed Accounts”) shall be distributed (to the extent permitted under Section 12.4.3) to the Participant in a lump sum as of and as
soon as administratively possible after the Termination Date. Payments with respect to a Participant’s Distributed Accounts pursuant to this Section 16.1(i) shall be in lieu of any and all rights with respect to such Participant’s
Accounts under the Plan, and as of any date after the Termination Date, no Participant receiving a distribution with respect to Distributed Accounts shall have any rights under the Plan. 

 

	(ii)	As of the Termination Date, liability for distributions with respect to the “Transferred Accounts,” which are all Accounts maintained under the Plan
immediately prior to the Transfer Date except the Distributed Accounts, shall be transferred to and become a liability under the Chiquita Brands International, Inc. Capital Accumulation Plan (the “CAP”). Subaccounts corresponding to the
Participant’s Accounts in the Plan (the 

 “Transferred Subaccounts”) will be maintained for the Participant under the CAP.
The Transferred Accounts shall continue to be distributed in accordance with the terms of the Plan (with such payment terms applicable to each Transferred Subaccount as though it were an Account under the Plan), as set forth in Section 22 of
the CAP. A Participant’s rights to payments under the CAP as transferred pursuant to this Section 16.1(ii) shall be in lieu of any and all rights with respect to such Participant’s Accounts under the Plan, and as of any date after the
Termination Date, no Participant whose Accounts were transferred under this Section 16.1(ii) shall have any rights under the Plan. 
 16.2     The Transferred Accounts shall continue to constitute “amounts deferred” on or before December 31, 2004 (within the meaning of Section 409A of the Internal
Revenue Code (“Section 409A”)) and are intended, along with earnings on the Transferred Accounts, to continue to be grandfathered benefits not subject to Section 409A. The transfer of the Transferred Accounts to the CAP is not
intended to materially enhance a benefit or right existing under the Plan as of October 3, 2004. 
 IN WITNESS WHEREOF, the
Company has executed this Fourth Amendment and otherwise ratifies and approves the Plan in all other respects on the date and year first above written. 

 

			
	CHIQUITA BRANDS INTERNATIONAL, INC.
		
	By:	 	/s/ K. R. Holland
		
	Its:	 	Chairman, Employee Benefits Committee
		 	 SVP, Chief People OfficerSecond Amendment to the Capital Accumulation Plan

 EXHIBIT 10.13 
 CONFIDENTIAL TREATMENT 
 Portions of this exhibit have been omitted pursuant to a request
for confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934. Such Portions are marked “[*]” in this document; they have been filed separately with the
Commission. 
 SECOND AMENDMENT TO THE 
 CHIQUITA BRANDS INTERNATIONAL, INC. 
 CAPITAL ACCUMULATION PLAN

 THIS SECOND AMENDMENT is made this 15th day of December, 2010 by CHIQUITA BRANDS INTERNATIONAL, INC. (the
“Company”). 
 WITNESSETH: 
 WHEREAS, the Company has adopted the Chiquita Brands International, Inc. Capital Accumulation Plan (the “Plan”); 
 WHEREAS, Section 15 of the Plan allows the Company to amend the Plan; and 

WHEREAS, the Company desires to transfer benefit obligations under the 1997 Amended and Restated Chiquita Brands International, Inc.
Deferred Compensation Plan to the Plan. 
 NOW, THEREFORE, BE IT RESOLVED that the Plan is hereby amended as follows:

 1.     A new Section 22 is added to the Plan to provide as follows: 

SECTION 22 

BENEFITS ATTRIBUTABLE TO THE DEFERRED COMPENSATION PLAN 
 Effective as of December 31, 2010 (the “Transfer Date”), a “DCP Credit Account” will be established for each of the individuals listed in Exhibit A (the “DCP
Participants”), and the DCP Credit Account of each DCP Participant will be comprised of one or more subaccounts corresponding to the accounts (the “DCP Subaccounts”) maintained for the Participant under the 1997 Amended and Restated
Chiquita Brands International, Inc. Deferred Compensation Plan (the “DCP”) immediately prior to the Transfer Date. Each DCP Participant shall become, subject to the terms and conditions set forth in this Section, a Participant in the Plan.
All liability for the Participant’s accounts under the DCP shall be transferred and shall become a liability under the Plan. The opening balance of the DCP Credit Account (the “DCP Credit”) will be the aggregate of the
Participant’s account balances under the DCP immediately prior to the Transfer Date. The opening balance in the each DCP Subaccount will be the balance in the Participant’s corresponding account under the DCP immediately prior to the
Transfer Date. A DCP Participant is always vested one hundred percent (100%) in his DCP Credit Account. 

A.     Grandfathered Benefits. For the purpose of the effective date provisions of Treas. Reg. §1.409A-6,
the DCP Credits constitute “amounts deferred” before December 31, 2004 (within the meaning of Section 409A) and are intended, along with the earnings on the DCP Credits, to be grandfathered benefits not subject to
Section 409A. The crediting of the DCP Credit under the Plan is not intended to materially enhance a benefit or right existing under the DCP as of October 3, 2004. The Plan shall be interpreted and construed in a manner that does

 not result in the DCP Credit becoming subject to Section 409A. Any provision of the Plan that would
cause the DCP Credits to become subject to Section 409A shall not apply with respect to the DCP Credits. 

B.     Limited Eligibility. A DCP Participant that does not otherwise qualify as a Participant under Sections
3 and 4 shall be treated as a Participant in the Plan only with respect to the benefits provided under this Section 22. 

C.     Distribution. Notwithstanding any provision of the Plan to the contrary, each DCP Subaccount will
continue be payable in accordance with the distribution provisions of the DCP in effect immediately prior to the Transfer Date, with such distribution provisions applicable to each DCP Subaccount as though it were an account under the DCP,
including, without limitation, the following: 
  

	(i)	Distribution will be made on the date or dates provided in Sections 3.10 and 12.1 of the DCP and in accordance with each DCP Participant’s deferral election under
the DCP and the administrative practices of the Company with respect to the DCP. All payments shall be made in cash and shall be subject to applicable federal, state, local and foreign tax withholding. 

For the purpose of this Section 22, “disabled” and “disability” shall mean that a Participant, as a result of
accident or illness, is physically, mentally or emotionally unable to perform the duties for which the Participant is employed, and in the Administrative Committee’s opinion is likely to remain so “disabled” for at least one year. The
Administrative Committee shall make all determinations as to whether a Participant is “disabled” and shall use such evidence, including independent medical reports and data, as the Administrative Committee deems necessary and desirable.

 For purposes of this Section 22, “Company” means Chiquita Brands International, Inc. and its subsidiaries and
affiliates which have not adopted a separate deferred compensation plan. 
  

	(ii)	The Administrative Committee shall have the right to reduce the length of an installment period to a period that provides an equal annual installment of at least
$2,000. 

  

	(iii)	Distribution of payments with respect to a Participant’s DCP Credit Account prior to the dates set forth above shall be made only if the Administrative Committee,
after consideration of a written application by the Participant, determines that the Participant has sustained financial hardship. For this purpose, a Participant shall also include a terminated Participant receiving severance payments from the
Company. Any hardship distribution shall be withdrawn from the Participant’s DCP Credit Account starting with contributions made under the DCP in the most recent year and continuing in reverse chronological order. 

D.     Investment of DCP Credits. DCP Credit Accounts shall be invested as provided in Section 6(D). In
the event a DCP Participant has not previously made an Investment Election under the Plan, he shall make an Investment Election before the date his account in the DCP is 

 
transferred to the Plan. If the Participant does not make an investment election on or before the date the DCP Credit is transferred to the Plan, the DCP Credit shall be invested as provided
under Section 6(D)(ii). 
 2.     The Plan is amended by incorporating the attached Exhibit A.

 IN WITNESS WHEREOF, the Company has executed this Second Amendment and otherwise ratifies and approves the Plan in all other
respects on the date and year first above written. 
  

			
	CHIQUITA BRANDS INTERNATIONAL, INC.
		
	 By:
	 	 /s/ K. R. Holland

		
	Its:	 	Chairman, Employee Benefits Committee
		 	SVP, Chief People Officer

 EXHIBIT A 
 DEFERRED COMPENSATION PLAN TRANSFERS 
 Manuel Rodriguez 

Michael Sims 
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