Document:

Exhibit 10.2 with Appendix

		

			Exhibit 10.2

		

		

			 

		

		
			 
		

		
			ELEVENTH AMENDED AND RESTATED
		

		
			SYSCO CORPORATION
		

		
			SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			Effective June 29, 2013
		

		
			 
		

		
			 
		

		
			
		

		 

 

		

			 

		

		

			 

		

		Table of Contents
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						Page

				
	
					
						ARTICLE I

					
					
						DEFINITIONS.................................................................................................................................................

					
2 
				
	
					
						ARTICLE II

					
					
						ELIGIBILITY & continued participation...................................................................................................

					
9 
				
	
					
						 

					
					
						2.1

					
					
						Eligibility.............................................................................................................................................................

					
9 
				
	
					
						 

					
					
						2.2

					
					
						Benefits upon Re-Employment...............................................................................................................

					
9 
				
	
					
						ARTICLE III

					
					
						VESTING...........................................................................................................................................................

					
10 
				
	
					
						ARTICLE IV

					
					
						VESTED ACCRUED BENEFIT & RETIREMENT BENEFIT..........................................................

					
11 
				
	
					
						 

					
					
						4.1

					
					
						Definitions.........................................................................................................................................................

					
11 
				
	
					
						 

					
					
						4.2

					
					
						Retirement Benefit........................................................................................................................................

					
17 
				
	
					
						 

					
					
						4.3

					
					
						Benefit Commencement Date.................................................................................................................

					
18 
				
	
					
						 

					
					
						4.4

					
					
						Form of Payment..........................................................................................................................................

					
19 
				
	
					
						 

					
					
						4.5

					
					
						Temporary Supplement...............................................................................................................................

					
19 
				
	
					
						 

					
					
						4.6

					
					
						Administrative Delay...................................................................................................................................

					
19 
				
	
					
						 

					
					
						4.7

					
					
						Delay of Payments under Section 409A of the Code.................................................................

					
19 
				
	
					
						ARTICLE V

					
					
						FROZEN PARTICIPATION.......................................................................................................................

					
21 
				
	
					
						 

					
					
						5.1

					
					
						In General..........................................................................................................................................................

					
21 
				
	
					
						 

					
					
						5.2

					
					
						Active Participant Previously Frozen...................................................................................................

					
21 
				
	
					
						ARTICLE VI

					
					
						DEATH BENEFIT...........................................................................................................................................

					
22 
				
	
					
						 

					
					
						6.1

					
					
						Definitions.........................................................................................................................................................

					
22 
				
	
					
						 

					
					
						6.2

					
					
						Death of Active Participant......................................................................................................................

					
22 
				
	
					
						 

					
					
						6.3

					
					
						Death of Frozen Participant......................................................................................................................

					
23 
				
	
					
						 

					
					
						6.4

					
					
						Death of Vested Separated Participant...............................................................................................

					
23 
				
	
					
						 

					
					
						6.5

					
					
						Death of Retired Participant before or after Commencement of Benefits........................

					
24 
				
	
					
						 

					
					
						6.6

					
					
						Administrative Delay...................................................................................................................................

					
24 
				
	
					
						 

					
					
						6.7

					
					
						Beneficiary Designation for Ten (10) Year Certain Period.........................................................

					
25 
				
	
					
						ARTICLE VII

					
					
						PROVISIONS RELATING TO ALL BENEFITS.................................................................................

					
26 
				
	
					
						 

					
					
						7.1

					
					
						Effect of this Article....................................................................................................................................

					
26 
				
	
					
						 

					
					
						7.2

					
					
						Termination of Employment.....................................................................................................................

					
26 
				
	
					
						 

					
					
						7.3

					
					
						Forfeiture for Cause....................................................................................................................................

					
26 
				
	
					
						 

					
					
						7.4

					
					
						Forfeiture for Competition.........................................................................................................................

					
27 
				
	
					
						 

					
					
						7.5

					
					
						Restrictions on any Portion of Total Payments Determined to be Excess Parachute

					
					
						 

				
	
					
						 

					
					
						 

					
					
						Payments..........................................................................................................................................................

					
28 
				
	
					
						 

					
					
						7.6

					
					
						Claims Procedure..........................................................................................................................................

					
29 
				
	
					
						 

					
					
						7.7

					
					
						Compensation Committee Decisions...................................................................................................

					
30 
				
	
					
						ARTICLE VIII

					
					
						ADMINISTRATION........................................................................................................................................

					
31 
				
	
					
						 

					
					
						8.1

					
					
						Administrative Committee Appointment.............................................................................................

					
31 
				
	
					
						 

					
					
						8.2

					
					
						Administrative Committee Organization and Voting......................................................................

					
31 
				

		
			 
		

		

		

		 

		

			-i-

		

 

		

			 

		

		

			 

		

		 
		

		
			Table of Contents
		

		
			(continued)
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						8.3

					
					
						Powers of the Administrative Committee.........................................................................................

					
					
						31

				
	
					
						 

					
					
						8.4

					
					
						Committee Discretion.................................................................................................................................

					
					
						32

				
	
					
						 

					
					
						8.5

					
					
						Reimbursement of Expenses.................................................................................................................

					
					
						32

				
	
					
						 

					
					
						8.6

					
					
						Indemnification..............................................................................................................................................

					
					
						32

				
	
					
						ARTICLE IX

					
					
						ADOPTION BY SUBSIDIARIES............................................................................................................

					
					
						33

				
	
					
						 

					
					
						9.1

					
					
						Procedure for and Status after Adoption...........................................................................................

					
					
						33

				
	
					
						 

					
					
						9.2

					
					
						Termination of Participation by Adopting Subsidiary...................................................................

					
					
						33

				
	
					
						ARTICLE X

					
					
						AMENDMENT AND/OR TERMINATION............................................................................................

					
					
						34

				
	
					
						 

					
					
						10.1

					
					
						Amendment or Termination of the Plan..............................................................................................

					
					
						34

				
	
					
						 

					
					
						10.2

					
					
						No Retroactive Effect on Awarded Benefits...................................................................................

					
					
						34

				
	
					
						 

					
					
						10.3

					
					
						Effect of Termination.................................................................................................................................

					
					
						34

				
	
					
						ARTICLE XI

					
					
						FUNDING........................................................................................................................................................

					
					
						36

				
	
					
						 

					
					
						11.1

					
					
						Payments Under This Plan are the Obligation of the Company............................................

					
					
						36

				
	
					
						 

					
					
						11.2

					
					
						Plan May Be Funded Through the Trust.............................................................................................

					
					
						36

				
	
					
						 

					
					
						11.3

					
					
						Reversion of Excess Assets..................................................................................................................

					
					
						36

				
	
					
						 

					
					
						11.4

					
					
						Participants Must Rely Only on General Credit of the Company.........................................

					
					
						37

				
	
					
						 

					
					
						11.5

					
					
						Funding of Benefits for Participants Subject to Canadian Income Tax Laws is Prohibited 

					
					
						37

				
	
					
						ARTICLE XII

					
					
						MISCELLANEOUS.......................................................................................................................................

					
					
						38

				
	
					
						 

					
					
						12.1

					
					
						Responsibility for Distributions and Withholding of Taxes.......................................................

					
					
						38

				
	
					
						 

					
					
						12.2

					
					
						Limitation of Rights.....................................................................................................................................

					
					
						38

				
	
					
						 

					
					
						12.3

					
					
						Benefits Dependent upon Compliance with Certain Covenants.............................................

					
					
						38

				
	
					
						 

					
					
						12.4

					
					
						Distributions to Incompetents or Minors............................................................................................

					
					
						38

				
	
					
						 

					
					
						12.5

					
					
						Nonalienation of Benefits.........................................................................................................................

					
					
						38

				
	
					
						 

					
					
						12.6

					
					
						Reliance upon Information.......................................................................................................................

					
					
						39

				
	
					
						 

					
					
						12.7

					
					
						Amendment Applicable to Active Participants Only Unless it Provides Otherwise.......

					
					
						39

				
	
					
						 

					
					
						12.8

					
					
						Severability.....................................................................................................................................................

					
					
						39

				
	
					
						 

					
					
						12.9

					
					
						Notice.................................................................................................................................................................

					
					
						39

				
	
					
						 

					
					
						12.10

					
					
						Gender and Number....................................................................................................................................

					
					
						39

				
	
					
						 

					
					
						12.11

					
					
						Governing Law...............................................................................................................................................

					
					
						39

				
	
					
						 

					
					
						12.12

					
					
						Effective Date...............................................................................................................................................

					
					
						39

				
	
					
						 

					
					
						12.13

					
					
						Compliance with Section 409A...............................................................................................................

					
					
						40

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

			-ii-

		

 

		

			 

		

		ELEVENTH AMENDED AND RESTATED
		

		
			SYSCO CORPORATION
		

		
			SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
		

		
			 
		

		
			 
		

		
			WHEREAS, Sysco Corporation (“Sysco”) established the Sysco Corporation Supplemental Executive Retirement Plan (the “SERP”), originally effective July 3, 1988, to provide a select group of highly compensated management personnel within the meaning of Sections 201, 301 and 401 of ERISA (and therefore exempt from the requirements of Parts 2, 3 and 4 of Title I of ERISA as a “top hat” plan and eligible for the alternative method of compliance for reporting and disclosure which is available for such plans),  a supplement to their retirement pay so as to retain their loyalty and to offer them a further incentive to maintain and increase their standard of performance;
		

		
			WHEREAS, Sysco’s Board of Directors (the “Board of Directors”) amended and restated the SERP pursuant to that certain Tenth Amended and Restated Sysco Corporation Supplemental Executive Retirement Plan (the “Current Plan”), effective as of August 27, 2010 (as amended pursuant to that certain First Amendment dated May 27, 2011, that certain Second Amendment dated February 22, 2012 and that certain Third Amendment dated November 13, 2012), which among other things adopted the Third Amended and Restated MIP Retirement Program effective as of December 31, 2012 (the “Program”) which is attached as Appendix I to the Current Plan;
		

		
			WHEREAS, pursuant to Section 10.1 of the Current Plan, the Board of Directors, the Compensation Committee of the Board of Directors (the “Compensation Committee”) or their designees may amend the Current Plan (including the Program) by an instrument in writing;
		

		
			WHEREAS, pursuant to Section 3.3 of the Current Plan, the Compensation Committee may increase a participant’s vested percentage under the Current Plan to an amount not to exceed 100%;
		

		
			WHEREAS,  the Compensation Committee has determined that it is in the best interests of Sysco and its stockholders to amend and restate the Current Plan to,  among other things, (i) cease the accrual of benefits under the Current Plan effective June 29, 2013; (ii) provide that the accrued benefits of Active and Frozen Participants in the Current Plan on June 29, 2013 will be 100% vested effective June 29, 2013, subject to reduction pursuant to an early retirement factor for Participants who are not eligible for immediate commencement of benefit payment at Retirement or Vested Separation; and (iii) make such other changes to the Current Plan to implement the changes in (i) and (ii) above, and to ease administration of the Current Plan.
		

		
			NOW, THEREFORE, Sysco hereby adopts this Eleventh Amended and Restated Sysco Corporation Supplemental Executive Retirement Plan (including the Third Amended and Restated Sysco Corporation MIP Retirement Program, attached as Appendix I hereto) (the “Plan”), effective as of June 29, 2013, as follows:
		

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

			1

		

		

			 

		

 

		

			 

		

		Article I
		

		
			DEFINITIONS
		

			
			
				 1.1
			

			
			
			401(k) Plan.  “401(k) Plan” means the Sysco Corporation Employees’ 401(k) Plan, a defined contribution plan qualified under Section 401(a) of the Code, any U.S. tax-qualified defined contribution plan successor thereto and any other such plan sponsored by Sysco or a Subsidiary.

			
			
				 1.2
			

			
			
			Active Participant.  “Active Participant” means a Participant in the employ of the Company who, as of June 29, 2013, is not a Frozen Participant.    If after June 29, 2013, an Active Participant either (i) ceases to be a participant in the Management Incentive Plan,  or (ii) transfers to a Non-Participating Subsidiary, his status shall remain that of an Active Participant until Separation from Service.

			
			
				 1.3
			

			
			
			Actuarial Equivalence or Actuarially Equivalent.  “Actuarial Equivalence” shall be determined on the basis of the mortality and interest rate assumptions used in computing annuity benefits under the Pension Plan.  If there is no Pension Plan in effect at the time any such determination is made, the actuarial assumptions to be used shall be selected by an actuarial firm chosen by the Administrative Committee.  Such actuarial firm shall select such actuarial assumptions as would be appropriate for the Pension Plan if the Pension Plan remained in existence with its last participant census.  “Actuarially Equivalent” means equality in value of the aggregate amounts expected to be received under different forms of payment based on the mortality and interest rate assumptions specified for purposes of Actuarial Equivalence.  

			
			
				 1.4
			

			
			
			Administrative Committee.  “Administrative Committee” means the committee administering this Plan (including the Program). 

			
			
				 1.5
			

			
			
			Affiliate.  “Affiliate” means any entity with respect to which Sysco beneficially owns, directly or indirectly, at least 50% of the total voting power of the interests of such entity and at least 50% of the total value of the interests of such entity.

			
			
				 1.6
			

			
			
			Annuity.  “Annuity” means a monthly annuity for the life of the Participant with a ten (10) year certain period.  Except as provided in Section 4.4, a Participant’s Vested Accrued Benefit and Retirement Benefit are expressed in the form of an Annuity.  

			
			
				 1.7
			

			
			
			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.    

			
			
				 1.8
			

			
			
			Benefit Commencement Date.  “Benefit Commencement Date” means the first date the Participant’s benefits are payable under Section 4.3, without regard to any delay under either Section 4.6 or 4.7.   

			
			
				 1.9
			

			
			
			Benefit Service.  “Benefit Service” shall have the meaning set forth in Section 4.1(d).

			
			
				 1.10
			

			
			
			Board of Directors.  “Board of Directors” means the Board of Directors of Sysco. 

		 

		

			2

		

		

			 

		

 

		

			 

		

			
			
				 1.11
			

			
			
			Canada/Quebec Pension Plan Offset.  “Canada/Quebec Pension Plan Offset” shall have the meaning set forth in Section 4.1(j).

			
			
				 1.12
			

			
			
			Change of Control.   “Change of Control” means the occurrence of one or more of the following events:

		
			(a)   The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Act) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Securities Act) of 20% or more of either (i) the then-outstanding shares of Sysco common stock (the “Outstanding Sysco Common Stock”) or (ii) the combined voting power of the then-outstanding voting securities of Sysco entitled to vote generally in the election of directors (the “Outstanding Sysco Voting Securities”); provided, however, that the following acquisitions shall not constitute a  Change of Control:  (1) any acquisition directly from Sysco, (2) any acquisition by Sysco, (3) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by Sysco or any Affiliate, or (4) any acquisition by any corporation; pursuant to a transaction that complies with Sections (c)(i), (c)(ii) and (c)(iii), below;
		

		
			(b)   Individuals who, as of July 1, 2012, constitute the Board of Directors (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board of Directors; provided, however, that any individual becoming a director subsequent to July 1, 2012 whose election, or nomination for election by Sysco’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board of Directors; 
		

		
			(c)   Consummation of a reorganization, merger, statutory share exchange or consolidation or similar corporate transaction involving Sysco or any of its Affiliates, a sale or other disposition of all or substantially all of the assets of Sysco, or the acquisition of assets or stock of another entity by Sysco or any of its Affiliates (each, a “Business Combination”), in each case unless, following such Business Combination, (i) all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding Sysco Common Stock and the Outstanding Sysco Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of the then-outstanding shares of common stock and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation that, as a result of such transaction, owns Sysco or all or substantially all of Sysco’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Sysco Common Stock and the Outstanding Sysco Voting Securities, as the case may be, (ii) no Person (excluding any corporation resulting from such Business Combination or any employee benefit plan (or related trust) of Sysco or such corporation resulting from such Business Combination) beneficially 
		

		 

		

			3

		

		

			 

		

 

		

			 

		

		owns, directly or indirectly, 20% or more of, respectively, the then-outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of such corporation, except to the extent that such ownership existed prior to the Business Combination, and (iii) at least a majority of the members of the board of directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board of Directors providing for such Business Combination; or
		

		
			(d)     Approval by the stockholders of Sysco of a complete liquidation or dissolution of Sysco.
		

		
			 
		

			
			
				 1.13
			

			
			
			Change of Control Period.  “Change of Control Period” shall have the meaning set forth in Section 7.3(d).

			
			
				 1.14
			

			
			
			Code.  “Code” means the Internal Revenue Code of 1986, as amended from time to time.

			
			
				 1.15
			

			
			
			Company.  “Company” means Sysco and any Subsidiary other than a Non-Participating Subsidiary.    

			
			
				 1.16
			

			
			
			Compensation Committee.  “Compensation Committee” means the Compensation Committee of the Board of Directors of Sysco. 

			
			
				 1.17
			

			
			
			Current Plan.  “Current Plan” shall have the meaning set forth in the Recitals. 

			
			
				 1.18
			

			
			
			Death Benefit Eligible Earnings. “Death Benefit Eligible Earnings” shall have the meaning set forth in Section 6.1(d).

			
			
				 1.19
			

			
			
			Defined Benefit Offset.  “Defined Benefit Offset” shall have the meaning set forth in Section 4.1(g). 

			
			
				 1.20
			

			
			
			Defined Contribution Offset.  “Defined Contribution Offset” shall have the meaning set forth in Section 4.1(h).

			
			
				 1.21
			

			
			
			Early Payment Criteria.  “Early Payment Criteria” shall have the meaning set forth in Section 4.1(l).  

			
			
				 1.22
			

			
			
			EDCP.  “EDCP” means the Sysco Corporation Executive Deferred Compensation Plan, as it may be amended from time to time, and any successor plan thereto.

			
			
				 1.23
			

			
			
			Eligible Earnings.  “Eligible Earnings” shall have the meaning set forth in Section 4.1(a). 

			
			
				 1.24
			

			
			
			ERISA.  “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.    

		 

		

			4

		

		

			 

		

 

		

			 

		

			
			
				 1.25
			

			
			
			Executive Officer.  “Executive Officer” means each of Sysco’s Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, President, Executive Vice Presidents, Senior Vice Presidents or any other officers designated as “officers” for purposes of Section 16 of the Securities Act.

			
			
				 1.26
			

			
			
			Executive Retirement Plans.  “Executive Retirement Plans” means, collectively, this Plan, the Program, the Sysco Corporation Management Savings Plan, the Sysco Corporation Canadian Executive Capital Accumulation Plan, the EDCP and such other non-qualified deferred compensation arrangements sponsored by Sysco or a Subsidiary as determined by the Compensation Committee.

			
			
				 1.27
			

			
			
			For Cause Event. “For Cause Event” shall have the meaning set forth in Section 7.3.

			
			
				 1.28
			

			
			
			Frozen Participant.  “Frozen Participant” means a Participant in the employ of Sysco or a Subsidiary on June 29, 2013, whose participation in the Plan is frozen prior to June 30, 2013, because on or before June 29, 2013, he either (i) ceased to be a participant in the Management Incentive Plan; or (ii) he transferred to a Non-Participating Subsidiary. A Frozen Participant on June 29, 2013 shall not be treated as an Active Participant if he subsequently becomes a participant in the Management Incentive Plan or transfers to the Company after June 29, 2013. 

			
			
				 1.29
			

			
			
			High-Five Average Compensation as of June 28, 2008.  “High-Five Average Compensation as of June 28, 2008” shall have the meaning set forth in Section 4.1(c).

			
			
				 1.30
			

			
			
			Joint and Survivor Annuity.  “Joint and Survivor Annuity” means a joint and two-thirds survivor monthly annuity with a ten (10) year certain period that is the Actuarial Equivalent of an Annuity.  This annuity is payable during the joint lives of the Participant and his spouse, and a monthly annuity shall continue for the life of the survivor in an amount equal to two-thirds of the monthly amount provided during their joint lives.  Notwithstanding the above, during the ten (10) year certain period,  there shall be no reduction in the amount of such payment regardless of the death of either or both the Participant and his spouse.

			
			
				 1.31
			

			
			
			Minimum Vested Accrued Benefit.  “Minimum Vested Accrued Benefit” shall have the meaning set forth in Section 10.2.

			
			
				 1.32
			

			
			
			Management Incentive Plan or MIP.  “Management Incentive Plan” or “MIP” means the Sysco Corporation 1995 Management Incentive Plan, the Sysco Corporation 2000 Management Incentive Plan, the Sysco Corporation 2005 Management Incentive Plan and the Sysco Corporation 2009 Management Incentive Plan, as each may be amended, and any successor plans.    

			
			
				 1.33
			

			
			
			MIP Participation. “MIP Participation” refers to an individual’s periods of participation in the MIP.  Non-continuous periods of MIP Participation (e.g., as a result of a termination and subsequent reemployment) shall be added together.  A Participant’s years of MIP Participation shall mean the number of full years of such eligible periods of participation determined on an elapsed time basis.    

		 

		

			5

		

		

			 

		

 

		

			 

		

			
			
				 1.34
			

			
			
			 Non-Participating Subsidiary.  “Non-Participating Subsidiary” means a Subsidiary that has not adopted this Plan pursuant to Article IX.

			
			
				 1.35
			

			
			
			Offset Amount.  “Offset Amount” shall have the meaning set forth in Section 4.1(f).

			
			
				 1.36
			

			
			
			Participant.  “Participant” means an employee of a Company who is eligible for and is participating in this Plan, and any other current or former employee of Sysco and its Subsidiaries who is entitled to a benefit under this Plan.  Unless otherwise specified herein, references to a Participant or Participants shall include both Active Participants and Frozen Participants.

			
			
				 1.37
			

			
			
			Pension Plan.  “Pension Plan” means the Sysco Corporation Retirement Plan, a defined benefit plan qualified under Section 401(a) of the Code, as amended from time to time and any U.S. tax-qualified defined benefit pension plan successor thereto.

			
			
				 1.38
			

			
			
			Plan.  “Plan” means this Eleventh Amended and Restated Sysco Corporation Supplemental Executive Retirement Plan, as it may be amended from time to time.    Unless otherwise specified herein, references to “the Plan” or “this Plan” herein shall refer to the Supplemental Executive Retirement Plan only and not the Program. 

			
			
				 1.39
			

			
			
			Plan Year.  “Plan Year” means the period that 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.

			
			
				 1.40
			

			
			
			Program. “Program” means the Third Amended and Restated Sysco Corporation MIP Retirement Program the non-qualified deferred compensation plan that is set forth in Appendix I to this Plan, and which covers individuals who (i) do not satisfy the eligibility requirements for participation in this Plan, as set forth in Section 2.1; and (ii) satisfy the eligibility requirements set forth in Section 2.1 of the Program.

			
			
				 1.41
			

			
			
			Protected Benefit and Protected Participant.  A “Protected Benefit,” as determined under Sections 4.2(a)(i)(B), 4.2(a)(ii)(B), 4.2(b)(i)(B), and 4.2(b)(ii)(B), is a benefit which is only applicable to a Protected Participant.  A “Protected Participant” is an individual who, as of July 3, 2005, was an Active Participant who was (a) at least age sixty (60) or (b) at least age fifty-five (55) and had at least ten (10) years of MIP Participation.    

			
			
				 1.42
			

			
			
			Retired Participant.  “Retired Participant” shall have the meaning set forth in Section 6.1(b).

			
			
				 1.43
			

			
			
			Retirement.  “Retirement” means the Participant’s Separation from Service from Sysco or its Subsidiaries on or after June 29, 2013 for reason other than death, provided that at the time of such Separation from Service, the Participant is at least age fifty-five (55) and has a Vested Accrued Benefit.

			
			
				 1.44
			

			
			
			Retirement Benefit.  “Retirement Benefit” means the benefit paid to a Participant at the time and in the amount set forth in Article IV as a result of a Participant’s Retirement or Vested Separation.

		 

		

			6

		

		

			 

		

 

		

			 

		

			
			
				 1.45
			

			
			
			Section 409A.  “Section 409A” means Section 409A of the Code.  References herein to “Section 409A” shall also include any regulatory or other interpretive guidance promulgated by the Treasury Department, including the U.S. Treasury Regulations, or the U.S. Internal Revenue Service under Section 409A of the Code.

			
			
				 1.46
			

			
			
			Securities Act.  “Securities Act” means the Securities Exchange Act of 1934, as amended from time to time.

			
			
				 1.47
			

			
			
			Separation from Service.  “Separation from Service” means a “separation from service” within the meaning of Section 409A. A Participant shall have experienced a “separation from service” for purposes of Section 409A as a result of a termination of employment if the level of bona fide services performed by the Participant for Sysco or a Subsidiary decreases to a level equal to twenty-five percent (25%) or less of the average level of service performed by the Participant for the immediately preceding thirty-six (36) month period, taking into account any periods of performance excluded under Section 409A.

			
			
				 1.48
			

			
			
			Service Factor.  “Service Factor” shall have the meaning set forth in Section 4.1(e). 

			
			
				 1.49
			

			
			
			Social Security Offset.  “Social Security Offset” shall have the meaning set forth in Section 4.1(i).

			
			
				 1.50
			

			
			
			Specified Employee.  “Specified Employee” means a “specified employee” as defined in Section 409A(a)(2)(B)(i) of the Code.  By way of clarification, a “specified employee” means a “key employee” (as defined in Section 416(i) of the Code, disregarding Section 416(i)(5) of the Code) of the Company.  A Participant shall be treated as a key employee if he meets the requirements of Section 416(i)(1)(A)(i), (ii), or (iii) (applied in accordance with the Treasury Regulations thereunder and disregarding Section 416(i)(5) of the Code) at any time during the twelve (12) month period ending on an Identification Date (as defined below).  If a Participant is a key employee as of an Identification Date, he shall be treated as a Specified Employee for the twelve (12) month period beginning on the first day of the fourth month following such Identification Date.  For purposes of any Specified Employee determination hereunder, the “Identification Date” shall mean December 31.  The Compensation Committee may in its discretion amend the Plan (including the Program) to change the Identification Date, provided that any change to the Plan’s (including the Program’s) Identification Date shall not take effect for at least twelve (12) months after the date of the Plan (including the Program) amendment authorizing such change.

			
			
				 1.51
			

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

			
			
				 1.52
			

			
			
			Sysco.  “Sysco” means Sysco Corporation, the sponsor of this Plan (including the Program). 

		 

		

			7

		

		

			 

		

 

		

			 

		

			
			
				 1.53
			

			
			
			Ten-Year Final Average Compensation.  “Ten-Year Final Average Compensation” shall have the meaning set forth in Section 4.1(b).

			
			
				 1.54
			

			
			
			Total Payments.  “Total Payments” means all payments or benefits received or to be received by a Participant in connection with a “change of control” (within the meaning of Section 280G of the Code) of Sysco under the terms of the Executive Retirement Plans or any other non-qualified deferred compensation arrangement sponsored by Sysco or a Subsidiary (or any company for which the Participant worked that was acquired by Sysco or a Subsidiary), and in connection with a change of control of Sysco under the terms of any stock incentive plan, mid-term or long-term cash incentive plan, or any other plan, arrangement or agreement with the Company, its successors, any person whose actions result in a change of control or any person affiliated with the Company or who as a result of the completion of transactions causing a change of control become affiliated with the Company within the meaning of Section 1504 of the Code, taken collectively.

			
			
				 1.55
			

			
			
			Trust.  “Trust” shall mean the trust established pursuant to the Trust Agreement.

			
			
				 1.56
			

			
			
			Trust Agreement. “Trust Agreement” shall mean the Third Amended and Restated Grantor Trust under the Sysco Corporation Supplemental Executive Retirement Plan, as may be further amended and/or restated from time to time.

			
			
				 1.57
			

			
			
			Trustee. “Trustee” shall mean the trustee as defined in the Trust Agreement.

			
			
				 1.58
			

			
			
			Vested Accrued Benefit.  “Vested Accrued Benefit” shall mean the benefit calculated pursuant to Sections 4.2(a) and 4.2(b), as applicable.

			
			
				 1.59
			

			
			
			Vested Percentage.  “Vested Percentage” shall have the meaning set forth in Article III.

			
			
				 1.60
			

			
			
			Vested Separated Participant.  “Vested Separated Participant” shall have the meaning set forth in Section 6.1(a).

			
			
				 1.61
			

			
			
			Vested Separation.  “Vested Separation” means the Participant’s Separation from Service from Sysco or its Subsidiaries on or after June 29, 2013, other than upon Retirement or death on or after June 29, 2013, if, at the time of the Separation from Service, the Participant has a Vested Accrued Benefit.

			
			
				 1.62
			

			
			
			Vesting Service.  “Vesting Service” means service with Sysco and its Subsidiaries for which the Participant or Frozen Participant is awarded “credited service” under the Pension Plan for vesting purposes or would have been awarded credited service under the Pension Plan for vesting purposes if the Participant were covered under the Pension Plan; provided however, any service before the later of the first date of hire by the Company or the date of acquisition by Sysco or a Subsidiary for which the Participant then worked shall not be included in calculating the Participant’s Vesting Service.

		
			 
		

		 

		

			8

		

		

			 

		

 

		

			 

		

		
			Article II
ELIGIBILITY & continued participation
		

		
			2.1        Eligibility.  Only those Company employees who are Participants (including Frozen Participants) in the Plan as of June 29, 2013, shall be eligible to participate in the Plan.  For purposes of clarification, this Section 2.1 is not applicable to the Program, which has unique eligibility requirements as set forth in Section 2.1 of the Program. 
		

		
			2.2        Benefits upon Re-Employment. If a Retired or Vested Separated Participant is subsequently re-employed by Sysco or an Affiliate, the re-employed Participant’s status shall remain that of a Retired or Vested Separated Participant for all purposes under this Plan and distributions to such Participant shall commence as provided under Section 4.3 without regard to his re-employment or, in the case of a Retired or Vested Separated Participant who is receiving distributions from this Plan as of his re-employment date, such payments shall continue unchanged during his period of re-employment.  
		

		
			 
		

		
			 
		

		
			 
		

		
			
		

		 

		

			9

		

		

			 

		

 

		

			 

		

		Article III
VESTING
		

		
			Subject to Section 7.5, all Active Participants and Frozen Participants on June 29, 2013 shall have a Vested Percentage of 100%.    If a Participant’s Vested Percentage is reduced by reason of Section 7.5 (as a result of a Change of Control), no additional vesting credit shall be awarded to such Participant under this Plan.
		

		

		

		 

		

			10

		

		

			 

		

 

		

			 

		

		
		

		
			VESTED ACCRUED BENEFIT & RETIREMENT BENEFIT
		

		
			4.1        Definitions.  The following definitions are used in this Article IV:
		

		
			(a)    Eligible Earnings. “Eligible Earnings” means, for a given Plan Year ending before June 30, 2013, the sum of the Participant’s (i) salary, including salary deferred under the EDCP, and (ii) to the extent described in the table below: (A) all or a portion of the bonus payable to the Participant under the MIP, any amounts payable to the Participant as a substitute for or in lieu of such MIP bonus for a Plan Year (but excluding any amounts paid as a substitute for or in lieu of such MIP bonus pursuant to a severance agreement or other arrangement providing for post-termination benefits, unless otherwise determined by the Administrative Committee) (“MIP Bonus”) and (B) the bonus earned under the Sysco Corporation 2006 Supplemental Performance Based Bonus Plan (“Supplemental Performance Bonus”), even if the amounts described above were earned before the individual became a Participant.  
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Plan Year
(PY)

					
					
						Treatment of Bonuses for Purposes of Eligible Earnings

				
	
					
						MIP Bonus (including any MIP Bonus deferred under the EDCP)

					
					
						Supplemental Performance Bonus

				
	
					
						Benefits other than Protected Benefits

					
					
						Protected Benefits

				
	
					
						2009 PY through 
2013 PY

					
					
						Included, except for MIP Additional Bonuses, but capped at 150% of base salary rate as of the last day of the Plan Year

					
					
						Included, except for MIP Additional Bonuses, but capped at 150% of base salary rate as of the last day of the Plan Year

					
					
						Excluded

				
	
					
						2008 PY 

					
					
						Included, except for MIP Additional Shares and MIP Additional Bonuses

					
					
						Included, except for MIP Additional Bonuses

					
					
						Excluded

				
	
					
						2007 PY

					
					
						Included, except for MIP Additional Shares 

					
					
						Included in full

					
					
						Included, except for calculation of Protected Benefit

				
	
					
						2006 PY 

					
					
						Included, except for MIP Additional Shares and MIP Additional Cash Bonuses

					
					
						Included in full

					
					
						Excluded

				
	
					
						2005 PY and prior PYs 

					
					
						Included in full

					
					
						Included in full

					
					
						Excluded

				
	
					
						NOTE:    The terms “MIP Additional Bonus”, “MIP Additional Shares” and “MIP Additional Cash Bonus” shall have the meanings given to them in the MIP. 

					
						No bonus other than those specified in the above table is included in Eligible Earnings. 

				

		
			 
		

		
			Eligible Earnings shall not include a Participant’s compensation from a company before the date such company was acquired by Sysco or a Subsidiary.  Eligible Earnings for Plan Years commencing after June 29, 2013, shall not be used in calculating, or taken into account in determining, Participants’ accrued benefits under the Plan.
		

		

		

		 

		

			11

		

		

			 

		

 

		

			 

		

		Solely for purposes of determining the salary component of Eligible Earnings used in the determination of 
Ten-Year Final Average Compensation defined in (b) below, “salary” shall mean the annual rate of the Participant’s base salary as of his last day of employment during the applicable Plan Year. 
		

		
			(b)    Ten-Year Final Average Compensation.    Except as provided in Section 5.1(c), “Ten-Year Final Average Compensation” means the monthly average of the Participant’s Eligible Earnings for the ten (10) Plan Years (excluding those Plan Years in which the Participant does not have any Eligible Earnings) ending on June 29, 2013.  If the Participant does not have ten (10) Plan Years of Eligible Earnings, the Participant’s Ten-Year Final Average Compensation shall be based on the monthly average of Eligible Earnings for the available Plan Years ending on June 29, 2013.  The Plan Year in which the Participant was originally hired shall be disregarded if he was hired after the first business day of such Plan Year.
		

		
			(c)    High-Five Average Compensation as of June 28, 2008.    Except as provided in Section 5.1(d), “High-Five Average Compensation as of June 28, 2008” means the monthly average of the Participant’s Eligible Earnings for the five (5) full Plan Years (which need not be successive) that yield the highest monthly average of Eligible Earnings out of the ten (10) full Plan Years ending June 28, 2008.  If the Participant does not have five (5) full Plan Years of Eligible Earnings, the Participant’s High-Five Average Compensation as of June 28, 2008 shall be based on the monthly average of Eligible Earnings for the available full Plan Years ending June 28, 2008. 
		

		
			(d)    Benefit Service.    Except as provided in Section 5.1(b), “Benefit Service” means service with Sysco and its Subsidiaries through (i) June 28, 2008, for purposes of Sections 4.2(a)(i) and 4.2(b)(i), and (ii) June 29, 2013, for purposes of Sections 4.2(a)(ii) and 4.2(b)(ii), for which the Participant is awarded “credited service” under the Pension Plan for vesting purposes or would have been awarded “credited service” under the Pension Plan for vesting purposes if the Participant was covered under the Pension Plan; provided, however, the Compensation Committee may, in its sole discretion, award a Participant additional Benefit Service.
		

		
			(e)    Service Factor.  “Service Factor” means a fraction equal to the Participant’s full years of Benefit Service as determined under Section 4.1(d) (not to exceed twenty (20) years) divided by twenty (20).
		

		
			(f)    Offset Amount.  “Offset Amount” means the sum of a Participant’s Defined Benefit Offset, Defined Contribution Offset, Social Security Offset and the Canada/Quebec Pension Plan Offset.
		

		
			(g)    Defined Benefit Offset.  “Defined Benefit Offset” refers to the offset of the Participant’s vested accrued benefit under the Pension Plan, and each other U.S. tax-qualified defined benefit plan, or Canadian registered pension plan sponsored by Sysco or a Subsidiary (or any company for which the Participant worked that was acquired by Sysco or a Subsidiary), each determined as of (i) June 28, 2008, for purposes of Sections 4.2(a)(i) and 4.2(b)(i) or, in the case of a Frozen Participant, as provided under Section 5.1(f), and (ii) December 31, 2012, for purposes of Sections 4.2(a)(ii) and 4.2(b)(ii) or, in the case of a Frozen Participant, as provided under Section 5.1(f), and further determined as follows: 
		

		 

		

			12

		

		

			 

		

 

		

			 

		

		
			(i)    Such a vested accrued benefit shall only reflect the benefit derived from employer contributions.
		

		
			(ii)    Each such vested accrued benefit will be adjusted in accordance with provisions of the applicable plan to reflect an assumed benefit commencement date of the later of (A) the Benefit Commencement Date or (B) the date a retirement benefit is first payable to the Participant under the applicable plan without regard to the actual election made by the Participant under such plan.  The resulting amount shall be converted to an Actuarially Equivalent Annuity as of the assumed benefit commencement date.
		

		
			(iii)    Such benefits shall include prior distributions (subject to the limitation in item (i) and including but not limited to an in-service withdrawal or a qualified domestic relations order distribution), increased with interest.  If the prior distribution was a lump-sum payment, interest will be credited from the date of the lump-sum payment.  If the prior distribution consists or consisted of periodic payments, the Actuarially Equivalent single-sum value of the stream of payments will be determined as of the date of the first periodic payment and increased with interest from such date.  Interest on the lump-sum payment or single-sum value of periodic payments will be credited to the assumed benefit commencement date described in (ii) above using the interest rate used for determining Actuarial Equivalence.  The resulting amount will be converted to an Actuarial Equivalent Annuity as described in (ii) above.
		

		
			(h)    Defined Contribution Offset.  “Defined Contribution Offset” refers to the offset of an Annuity that could be provided by the Participant’s vested account balance under the 401(k) Plan, and each other U.S. tax-qualified defined contribution plan or each Canadian tax-registered capital accumulation plan, sponsored by Sysco or a Subsidiary (or any company for which the Participant worked that was acquired by Sysco or a Subsidiary),  determined as follows:
		

		
			(i)    Such account balance shall only reflect the vested balance derived from employer contributions, excluding the balance attributable to 401(k) Plan salary deferrals. 
		

		
			(ii)    Such account balance shall be determined as (1) May 31, 2008, for purposes of Sections 4.2(a)(i) and 4.2(b)(i) or, in the case of a Frozen Participant, as provided under Section 5.1(f), and (ii) December 31, 2012, for purposes of Sections 4.2(a)(ii) and 4.2(b)(ii) or, in the case of a Frozen Participant, as provided under Section 5.1(f).  This balance will be increased with interest to the Benefit Commencement Date, using the interest rate used for determining Actuarial Equivalence and shall be converted to an Actuarially Equivalent Annuity as of the Benefit Commencement Date. 
		

		
			(iii)    Such balances shall include prior distributions (subject to the limitation in item (i) and including but not limited to an in-service withdrawal or a qualified domestic relations order distribution), increased with interest.  Interest will be credited from the date of the lump-sum payment to the Benefit Commencement Date, using the interest rate used for determining Actuarial Equivalence.  The resulting balance shall be converted to an Actuarially Equivalent Annuity as of the Benefit Commencement Date. 
		

		 

		

			13

		

		

			 

		

 

		

			 

		

		
			(i)    Social Security Offset.  “Social Security Offset” means the Participant’s monthly old-age benefit under the Federal Social Security Act or any similar federal act in effect (i) June 28, 2008, for purposes of Sections 4.2(a)(i) and 4.2(b)(i) or, in the case of a Frozen Participant whose participation was frozen before June 28, 2008, as of the Frozen Participant’s Retirement or Vested Separation as provided under Section 5.1(f), and (ii) June 29, 2013, for purposes of Sections 4.2(a)(ii) and 4.2(b)(ii) or, in the case of a Frozen Participant, as of the Frozen Participant’s Retirement or Vested Separation as provided under Section 5.1(f), and payable as of the later of age sixty-two (62) or the Benefit Commencement Date (the “Social Security Benefit”), and without regard to whether such Social Security Benefit is actually delayed, superseded, or forfeited because of failure to apply or for any other reason.  The amount of the Social Security Benefit shall be determined based upon the pay and employment data that may be furnished by the Company and/or the Participant concerned and it shall be assumed that the Participant has no compensation after (1) June 28, 2008, for purposes of Sections 4.2(a)(i) and 4.2(b)(i) or, in the case of a Frozen Participant whose participation was frozen before June 28, 2008, the Frozen Participant’s Retirement or Vested Separation, subject to Section 5.1(f), and (2) June 29, 2013, for purposes of Sections 4.2(a)(ii) and 4.2(b)(ii) or, in the case of a Frozen Participant, the Frozen Participant’s Retirement or Vested Separation.  Any pay for periods prior to the earliest data furnished shall be estimated by applying a salary scale discount, and the discount applied for this purpose shall be the actual change in average wages from year to year as determined by the Social Security Administration.
		

		
			(j)    Canada/Quebec Pension Plan Offset.  “Canada/Quebec Pension Plan Offset” means the Participant’s monthly retirement benefit payable under the Canada Pension Plan or Quebec Pension Plan, as applicable, as in effect (i) June 28, 2008, for purposes of Sections 4.2(a)(i) and 4.2(b)(i) or, in the case of a Frozen Participant whose participation was frozen before June 28, 2008, as of the Frozen Participant’s Retirement or Vested Separation as provided under Section 5.1(f), and (ii) June 29, 2013, for purposes of Sections 4.2(a)(ii) and 4.2(b)(ii) or, in the case of a Frozen Participant, as of the Frozen Participant’s Retirement or Vested Separation as provided under Section 5.1(f), and payable as of the later of age sixty (60) or the Benefit Commencement Date (the “Canada/Quebec Pension Benefit”), and without regard to whether such Canada/Quebec Pension Benefit is actually delayed, superseded, or forfeited because of failure to apply or for any other reason.  The amount of the Canada/Quebec Pension Benefit shall be determined based upon the pay and employment data that may be furnished by the Company and/or the Participant concerned and it shall be assumed that the Participant has no compensation or service for benefit accrual purposes under such plan after (1) June 28, 2008, for purposes of Sections 4.2(a)(i) and 4.2(b)(i) or, in the case of a Frozen Participant whose participation was frozen before June 28, 2008, the Frozen Participant’s Retirement or Vested Separation, subject to Section 5.1(f), and (2) June 29, 2013, for purposes of Sections 4.2(a)(ii) and 4.2(b)(ii) or, in the case of a Frozen Participant,  the Frozen Participant’s Retirement or Vested Separation.  Any pay for periods prior to the earliest data furnished shall be estimated by applying a salary scale discount, and the discount applied for this purpose shall be the actual change in average wages from year to year as determined for purposes of the Canada Pension Plan or the Quebec Pension Plan, as applicable.
		

		 

		

			14

		

		

			 

		

 

		

			 

		

		
			(k)    Participant who has paid into both the US Federal Social Security and either the Canada Pension Plan or the Quebec Pension Plan.  If a Participant has paid into both the US Federal Social Security and either the Canada Pension Plan or the Quebec Pension Plan, while an employee of Sysco or its Subsidiaries, the monthly Social Security Offset will be assumed to be zero and the monthly Canada/Quebec Pension Plan Offset will be determined to be a theoretical amount calculated under the Canada Pension Plan or Quebec Pension Plan, as applicable, as if the Participant had always been covered under and contributing to the Canada Pension Plan or Quebec Pension Plan.  For purposes of determining the monthly Canada/Quebec Pension Plan Offset, the amount of the benefit shall be determined based upon the pay and employment data that may be furnished by the Company and/or the Participant while a Canadian Participant.  Any pay for periods prior to the earliest data furnished shall be estimated by applying a salary scale discount, and the discount applied for this purpose shall be the actual change in average wages from year to year as determined for purposes of the Canada Pension Plan or the Quebec Pension Plan, as applicable.  Any pay for periods prior to (i) June 28, 2008, for purposes of Sections 4.2(a)(i) and 4.2(b)(i) or, in the case of a Frozen Participant whose participation was frozen before June 28, 2008, the Frozen Participant’s Retirement or Vested Separation as provided under Section 5.1(f), and (ii) June 29, 2013, for purposes of Sections 4.2(a)(ii) and 4.2(b)(ii) or, in the case of a Frozen Participant, the Frozen Participant’s Retirement or Vested Separation, but after the latest data furnished, shall be estimated by applying a salary scale factor, and the factor applied for this purpose shall be the actual change in average wages from year to year as determined for purposes of the Canada Pension Plan or the Quebec Pension Plan, as applicable.  It shall be assumed that the Participant has no compensation after (1) June 28, 2008, for purposes of Sections 4.2(a)(i) and 4.2(b)(i) or, in the case of a Frozen Participant whose participation was frozen before June 28, 2008, the Frozen Participant’s Retirement or Vested Separation, subject to Section 5.1(f), and (2) June 29, 2013, for purposes of Sections 4.2(a)(ii) and 4.2(b)(ii) or, in the case of a Frozen Participant,  the Frozen Participant’s Retirement or Vested Separation.  For purposes of the Temporary Supplement of Section 4.7, the Participant will be treated as a Canadian Participant, regardless of the Participant’s status at Retirement or Vested Separation.
		

		
			(l)    Early Payment Criteria.  “Early Payment Criteria” are as follows:
		

		
			(i)    Early Payment Criteria of a Protected Benefit:   If, as of his Retirement or Vested Separation, the Participant is at least age sixty (60), has at least 10 years of MIP Participation and has at least twenty (20) years of Vesting Service.
		

		
			(ii)    Early Payment Criteria of a Benefit other than a Protected Benefit:  If, as of his Retirement or Vested Separation, the Participant has either (1) satisfied the criteria in Section 4.1(l)(i) above or (2) is at least age fifty-five (55) and has at least fifteen (15) years of MIP Participation.
		

		
			(m)    Early Retirement Factor or ERF.  “Early Retirement Factor” or “ERF” means the percentage determined in accordance with this Section 4.1(m) using the Participant’s age, Vesting Service and MIP Participation determined as of the ERF Determination Date. The Early Retirement Factor shall be the greatest of the percentages determined under Section 4.1(m)(i) or Section 4.1(m)(ii), except the schedule under Section 4.1(m)(ii) 
		

		 

		

			15

		

		

			 

		

 

		

			 

		

		shall not apply for purposes of determining an Early Retirement Factor applicable to a Protected Participant’s Protected Benefit.  The “ERF Determination Date” shall be the date of the applicable distribution event.
		

		
			(i)    If the Participant (A) is at least age sixty (60), has at least ten (10) years of MIP Participation and twenty (20) years of Vesting Service, his Early Retirement Factor under this Section 4.1(m)(i) shall be determined as follows:
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Participant with at least ten (10) years of MIP Participation and 20 Years of Vesting Service whose age is

					
					
						 

					
					
						ERF

				

		
			60 but less than 61...............................................................................................................................50%
		

		
			61 but less than 62...............................................................................................................................60%
		

		
			62 but less than 63...............................................................................................................................70%
		

		
			63 but less than 64...............................................................................................................................80%
		

		
			64 but less than 65...............................................................................................................................90%
		

		
			65 or more..............................................................................................................................................100%
		

		
			 
		

		
			(ii)    If the Participant (i) is at least age fifty-five (55) and (ii) has at least fifteen (15) years of MIP Participation, his Early Retirement Factor under this Section 4.1(m)(ii) shall be determined as follows:
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Sum of Participant’s full years of age plus full
years of MIP Participation

					
					
						 

					
					
						ERF

				

		
			70..................................................................................................................................................................50%
		

		
			71..................................................................................................................................................................55%
		

		
			72..................................................................................................................................................................60%
		

		
			73..................................................................................................................................................................65%
		

		
			74..................................................................................................................................................................70%
		

		
			75..................................................................................................................................................................75%
		

		
			76..................................................................................................................................................................80%
		

		
			77..................................................................................................................................................................85%
		

		
			78..................................................................................................................................................................90%
		

		
			79..................................................................................................................................................................95%
		

		
			80 or more..............................................................................................................................................100%
		

		
			 
		

		
			(iii)    If the Participant is (i) at least age sixty-two (62), (ii) has completed at least twenty-five (25) years of Vesting Service and (iii) has at least fifteen (15) years of MIP Participation, he shall have an Early Retirement Factor of 100%;  
		

		
			provided that, the Compensation Committee, in its sole discretion, may increase a Participant’s Early Retirement Factor to any percentage not to exceed 100%; provided further, subject to Section 7.5, a Participant’s Early Retirement Factor shall be 100% upon a Change of Control.  
		

		
			(n)    Vested Percentage.  “Vested Percentage” means the Participant’s vested percentage, which shall be 100%.
		

		

		

		 

		

			16

		

		

			 

		

 

		

			 

		

		4.2    Retirement Benefit.  If a Participant’s  Separation from Service from Sysco or its Subsidiaries occurs prior to June 29, 2013, such Participant’s Retirement Benefit, if any, shall be determined under the Current Plan.  Upon the Retirement or Vested Separation of an Active Participant or, subject to Article V, a Frozen Participant, such Participant’s Retirement Benefit shall be determined as provided in this Section 4.2, as follows:
		

		
			(a)    Participant Does Not Satisfy the Early Payment Criteria. If, as of the date of the Participant’s Retirement or Vested Separation, the Participant does not satisfy the Early Payment Criteria, the Participant’s Retirement Benefit under this Section 4.2(a) shall be the Participant’s Vested Accrued Benefit determined as follows:
		

		
			(i)      Minimum Vested Accrued Benefit as of June 28, 2008.  An Active Participant as of June 28, 2008 shall have a Minimum Vested Accrued Benefit as of June 28, 2008, equal to:
		

		
			(A)       In General.  The Participant’s {  High-Five Average Compensation as of June 28, 2008 × 50% × Service Factor × Vested Percentage } less Offset Amount; provided, however, the resulting monthly amount shall not exceed the Participant’s Vested Percentage × USD $199,486.
		

		
			(B)       For a Protected Participant.  The greater of (i) the amount determined under Section 4.2(a)(i)(A) above or (ii) the Protected Minimum Vested Accrued Benefit equal to the Protected Participant’s { (High-Five Average Compensation as of June 28, 2008 × 50%) less Offset Amount } × Service Factor × Vested Percentage.
		

		
			 (ii)      Vested Accrued Benefit on or after June 29, 2013.  An Active Participant’s Vested Accrued Benefit on or after June 29, 2013 shall equal the greater of the Participant’s benefit, if any, under Section 4.2(a)(i) above, or:
		

		
			(A)       In General.  The Participant’s { Ten-Year Final Average Compensation × 50% × Service Factor × Vested Percentage } less Offset Amount;  provided however, the resulting monthly amount shall not exceed the Participant’s Vested Percentage × USD $199,486.
		

		
			 (B)       For a Protected Participant.  The greater of (i) the amount determined under Section 4.2(a)(ii)(A) above or (ii) the Protected Benefit equal to the Protected Participant’s { (Ten-Year Final Average Compensation × 50% ) less Offset Amount } × Service Factor × Vested Percentage.
		

			Participant Satisfies the Early Payment Criteria. If, as of the date of the Participant’s Retirement or Vested Separation, the Participant satisfies the Early Payment Criteria, the Participant’s Retirement Benefit under this Section 4.2(b) shall be the Participant’s Vested Accrued Benefit determined as follows:

			(i)      Minimum Early Retirement Benefit.  An Active Participant as of June 28, 2008 shall have a Minimum Vested Accrued Benefit, equal to:
		

		

		

		 

		

			17

		

		

			 

		

 

		

			 

		

		(A)       In General.  The Participant’s {  High-Five Average Compensation as of June 28, 2008 × 50% × Service Factor × Vested Percentage × Early Retirement Factor } less Offset Amount; provided, however, the resulting monthly amount shall not exceed the Participant’s Vested Percentage × USD $199,486 × Early Retirement Factor.
		

		
			(B)       For a Protected Participant.  The greater of (i) the amount determined under Section 4.2(b)(i)(A) above or (ii) the Protected Minimum Vested Accrued Benefit equal to the Protected Participant’s { (High-Five Average Compensation as of June 28, 2008 × 50%) less Offset Amount } × Service Factor × Vested Percentage × Early Retirement Factor.
		

		
			                                    (ii)    Early Retirement Benefit on or after June 29, 2013.  An Active Participant’s Vested Accrued Benefit on or after June 29, 2013 shall equal the greater of the Participant’s benefit, if any, under Section 4.2(b)(i) above, or
		

		
			                                                (A)       In General.  The Participant’s { Ten-Year Final Average Compensation × 50% × Service Factor × Vested Percentage × Early Retirement Factor} less Offset Amount;  provided however, the resulting monthly amount shall not exceed the Participant’s Vested Percentage × USD $199,486 × Early Retirement Factor.
		

		
			                                                (B)       For a Protected Participant.  The greater of (i) the amount determined under Section 4.2(b)(ii)(A) above or (ii) the Protected Benefit equal to the Protected Participant’s { (Ten-Year Final Average Compensation × 50% ) less Offset Amount } × Service Factor × Vested Percentage × Early Retirement Factor.
		

		
			4.3    Benefit Commencement Date
		

		
			(a)    Normal Payment Criteria.  Unless a Participant satisfies the Early Payment Criteria under Section 4.1(l), payment of the Participant’s Retirement Benefit under Section 4.2(a) shall begin on the first day of the month coincident with or next following his sixty-fifth (65th) birthday or his actual Retirement or Vested Separation date, whichever is later, if he survives to the applicable date.  
		

		
			(b)    Early Payment Criteria.  If a Participant Separates from Service before age sixty-five (65) and satisfies the Early Payment Criteria set forth in Section 4.1(l) above as of his Retirement or Vested Separation date, payment of the Participant’s Retirement Benefit under Section 4.2(b) shall begin on the first day of the month coincident with or next following the Participant’s Retirement date, if he survives to the applicable date.
		

		
			
		

		 

		

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		4.4    Form of Payment
		

		
			(a)    Participants in the Plan as of June 28, 2008.  If, as of June 28, 2008, the Participant is 
(i) not married, the Retirement Benefit will be paid in the form of an Annuity; or (ii) married, the Retirement Benefit will be paid in the form of a Joint and Survivor Annuity which is Actuarially Equivalent to the Annuity.
		

		
			(b)    Participants Who First Become Eligible to Participate in the Plan after June 28, 2008.  If, as of the date a Participant first becomes eligible to participate in this Plan the Participant is (i) not married, the Retirement Benefit will be paid in the form of an Annuity; or (ii) married, the Retirement Benefit will be paid in the form of a Joint and Survivor Annuity which is Actuarially Equivalent to the Annuity.
		

		
			(c)    Administrative Committee Discretion.  Notwithstanding anything to the contrary in this Section 4.4, at any time after a Participant’s Separation from Service but prior to the date any annuity payment is made to the Participant under this Plan, the Administrative Committee may change the form of payment of a Participant’s Retirement Benefit between an Annuity and Joint and Survivor Annuity based upon the marital status of such Participant as of the date of such change, and such change shall become immediately effective, provided that such change shall become effective only if the Annuity and Joint and Survivor Annuity are “actuarially equivalent life annuities” within the meaning of Section 409A. 
		

		
			4.5    Temporary Supplement.  A U.S. Participant who retires before age sixty-two (62), meets the criteria of Section 4.1(l)(i) or 4.1(l)(ii),  and who will receive a Retirement Benefit under Section 4.2(b),  shall also receive a Temporary Supplement equal to such Participant’s monthly Social Security Offset as defined in Section 4.1(i).  A Canadian Participant who retires before age sixty (60), meets the criteria of Section 4.1(l)(i) or 4.1(l)(ii), and who will receive a Retirement Benefit under 4.2(b), shall also receive a Temporary Supplement equal to such Participant’s monthly Canada/Quebec Pension Plan Offset as defined in Section 4.1(j).  The Temporary Supplement will be paid to an eligible Participant through and including the earlier of (a) the month in which the Participant dies or (b) the month in which the U.S. Participant attains age sixty-two (62) or the Canadian Participant attains age sixty (60).
		

		
			4.6    Administrative Delay Except as required under Section 4.7, payment of the Participant’s Retirement Benefit and, if applicable, Temporary Supplement shall begin on the Benefit Commencement Date set forth in Section 4.3 or the first day of the month as soon as administratively practicable thereafter but in no event later than the last day of the taxable year in which the Benefit Commencement Date occurs, or if later within seventy-five (75) days of the Benefit Commencement Date, unless an exception under Section 409A applies.  The aggregate amount of any delayed payments, without interest, shall be paid to the Participant on such delayed commencement date.
		

		
			4.7    Delay of Payments under Section 409A of the Code.  Notwithstanding any provision of Sections 4.3 and 4.5 to the contrary, if the distribution of a Retirement Benefit under Section 4.3 (and, if applicable, a Temporary Supplement under Section 4.5) to a Participant who is a Specified Employee result from such Participant’s Retirement or Vested Separation, such distributions shall not commence earlier than the date that is six (6) months after the date of such Participant’s Retirement or Vested Separation if such earlier commencement would result in 
		

		 

		

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		the imposition of tax under Section 409A.  If distributions to a Participant are so delayed, such distributions shall commence at the later of (a) the first day of the month coincident with or next following the date that is six (6) months after the Participant’s Retirement or Vested Separation date; or (b) the Participant’s Benefit Commencement Date.  If a Participant’s distributions are delayed by reason of clause (a), above, the aggregate amount of any such delayed payments, together with interest on such delayed payments (calculated using the interest rate used for determining Actuarial Equivalence), shall be paid to the Participant on such delayed commencement date.
		

		

		

		 

		

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		Article V
		

		
			frozen participation
		

		
			 
		

		
			5.1    In General This Section 5.1 provides special rules that apply to a Participant whose status as of June 29, 2013 is that of a Frozen Participant, whether participation was frozen on or before June 29, 2013.  In the case of  a Frozen Participant whose participation was frozen before June 28, 2008, such Frozen Participant’s Vested Accrued Benefit shall be determined using the benefit formula in effect under the Plan as of the date his participation was frozen.  
		

		
			(a)    Vesting Service and Age Credit.  During the period of time during which his participation is frozen, a Frozen Participant shall continue to be awarded Vesting Service and age credit for satisfaction of the Early Payment Criteria under Section 4.1(l) and determination of the ERF under Section 4.1(m).
		

		
			(b)    Benefit Service.  A Frozen Participant’s service from and after the date his participation is so frozen shall not count as Benefit Service, except as provided under Section 5.2.
		

		
			(c)    Ten-Year Final Average Compensation.  If a Frozen Participant is eligible for the benefits  under Section 4.2(a)(ii) or 4.2(b)(ii), Ten-Year Final Average Compensation shall be determined as of the date his participation was so frozen.
		

		
			(d)    High-Five Average Compensation as of June 28, 2008.  A Frozen Participant’s High-Five Average Compensation as of June 28, 2008 shall be determined as of the date his participation was frozen if such date was prior to June 28, 2008.
		

		
			(e)    MIP Participation.  Frozen Participation shall not count as MIP Participation, except during periods in which such Frozen Participant is a MIP participant or as provided under Section 5.2.
		

		
			(f)    Offset Amount.  If a Frozen Participant’s participation was frozen after June 28, 2008, such Frozen Participant’s Offset Amount used in the determination of such Frozen Participant’s benefits as of June 28, 2008 under Sections 4.2(a)(i) and 4.2(b)(i) shall be determined in the same manner as an Active Participant.  In all other cases, for purposes of determining the Offset Amount under the benefit formulas in Section 4.2, (i) the Defined Benefit Offset, Social Security Offset and Canada/Quebec Pension Plan Offset shall be determined as of the Frozen Participant’s date of Retirement or Vested Separation, and (ii) the account balance specified in the first sentence of Section 4.1(h)(ii) for the Defined Contribution Offset shall be the balance as of the last day of the month preceding the month of the Frozen Participant’s date of Retirement or Vested Separation, subject to the adjustments specified in Section 4.1(h).
		

		
			5.2    Active Participant Previously Frozen.  If the participation of an Active Participant on June 29, 2013 was previously frozen for a period of time and he subsequently became eligible to participate in the Current Plan on or before June 29, 2013, he shall, for all purposes under the Plan, be treated as though his participation had never been frozen.
		

		
			
		

		 

		

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		Article VI
DEATH BENEFIT
		

		
			6.1    Definitions The following definitions are used in this Article VI:
		

		
			(a)    Vested Separated Participant.  “Vested Separated Participant” means a Participant who becomes entitled to a deferred Vested Accrued Benefit commencing under the payment criteria under Section 4.3(a) after June 29, 2013 and whose Benefit Commencement Date has not occurred.
		

		
			(b)    Retired Participant. “Retired Participant” means a Participant (i) whose Benefit Commencement Date occurred after June 29, 2013 but who has not yet received his first benefit payment or (ii) who is receiving benefit payments, which began after June 29, 2013.
		

		
			(c)    Three-Year Final Average Compensation.  “Three-Year Final Average Compensation” means the annual average of the Participant’s Death Benefit Eligible Earnings for the three (3) Plan Years (excluding those Plan Years in which the Participant does not have any Eligible Earnings) ending on June 29, 2013.  Unless otherwise provided herein, the Plan Year in which the Participant was originally hired shall be disregarded if he was hired after the first business day of such Plan Year.  If the Participant does not have three (3) Plan Years of Death Benefit Eligible Earnings, the Participant’s Three-Year Final Average Compensation shall be based on the annual average of Death Benefit Eligible Earnings for the available Plan Years through June 29, 2013.  If all Plan Years have been excluded (i.e. there are no “available” Plan Years), Three-Year Final Average Compensation shall mean the Participant’s Death Benefit Eligible Earnings in the Plan Year in which he was originally hired.
		

		
			(d)    Death Benefit Eligible Earnings.  “Death Benefit Eligible Earnings” shall have the same meaning as “Eligible Earnings” (as defined in Section 4.1(a)); provided, however, the salary component of Eligible Earnings shall mean the annual rate of the Participant’s base salary as of his last day of employment during the applicable Plan Year, and the cap on the MIP Bonus shall not apply.
		

		
			6.2    Death of an Active Participant.  If an Active Participant dies while in the employ of the Company, such Participant’s spouse or other Beneficiary shall be entitled to a monthly annuity payable for life with a ten (10) year certain period commencing on the first day of the month coincident with or next following the Participant’s death.  Such monthly annuity shall be Actuarially Equivalent to the greater of the Actuarially Equivalent single-sum value of (i) or (ii), where (i) is an annual payment equal to 25% of the Participant’s Three-Year Final Average Compensation payable for ten (10) years certain, and (ii) is (x) if the Participant is at least age 65 or satisfies the Early Payment Criteria under Section 4.1(l),  the Retirement Benefit that would have been payable as an Annuity under Section 4.2(b) assuming the participant had retired on his date of death or (y) if the Participant does not satisfy the condition in (x), the hypothetical immediate Annuity equal to the deferred Annuity that would have been payable to the Participant under Section 4.2(a), assuming the Participant had retired on his date of death, reduced for the period by which the first payment of the death benefit precedes the first day of the month on or after date the 
		

		 

		

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		Participant would have attained age sixty-five (65), by 5/9ths of one percent (1%) for each of the first one hundred twenty (120) calendar months and actuarially thereafter (using the assumptions for Actuarial Equivalence).
		

		
			6.3    Death of Frozen Participant If a Frozen Participant dies while in the employ of Sysco or a Subsidiary, such Frozen Participant’s spouse or other Beneficiary shall be entitled to a monthly annuity payable for life with a ten (10) year certain period commencing on the first day of the month coincident with or next following the Frozen Participant’s death.  Such monthly annuity shall be Actuarially Equivalent to the single sum value of the survivor’s benefit that would have been payable to the Participant’s spouse or other Beneficiary if the Participant had begun receiving a hypothetical Retirement Benefit on his date of death, determined as follows:
		

		
			(a)    If the Participant is at least age 65 or has satisfied the Early Payment Criteria under Section 4.1(l) on his date of death, the amount of such hypothetical retirement benefit shall equal the Participant’s Retirement Benefit determined under Section 4.2(b) as of his date of death, adjusted, as applicable, to take into account the form of such Participant’s Retirement Benefit under Section 4.4. 
		

		
			(b)    If the Participant does not meet the requirements of Section 6.3(a), the amount of such hypothetical retirement benefit shall equal the Participant’s Vested Accrued Benefit determined under Section 4.2(a) as of his date of death, reduced,  for the period by which the first payment of the death benefit precedes the first day of the month on or after date the Participant would have attained age sixty-five (65), by 5/9ths of one percent (1%) for each of the first one hundred twenty (120) calendar months and actuarially thereafter (using the assumptions for Actuarial Equivalence), adjusted, as applicable, to take into account the form of such Participant’s Retirement Benefit under Section 4.4.
		

		
			(c)    For purposes of determining the amount of the survivor’s benefit under this Section 6.3, if a Participant’s Retirement Benefit would have been paid in the form of a Joint and Survivor Annuity, and the Participant designated a Beneficiary other than his spouse, his Beneficiary shall be substituted for the Participant’s “spouse” for purposes of the conversion to a Joint and Survivor Annuity.
		

		
			6.4    Death of Vested Separated Participant. Upon the death of a Vested Separated Participant, such Participant’s Beneficiary shall be entitled to a monthly annuity payable for life with a ten (10) year certain period commencing on the first day of the month coincident with or next following the Participant’s death.  Such monthly annuity shall be Actuarially Equivalent to the single-sum value of the survivor’s benefit that would have been payable to the Participant’s spouse or other Beneficiary if the Participant had begun receiving a hypothetical retirement benefit on his date of death. The amount of such hypothetical retirement benefit shall equal the Participant’s Vested Accrued Benefit as determined under Section 4.2(a), reduced, for the period by which the first payment of the death benefit precedes the first day of the month on or after date the Participant would have attained age sixty-five (65), by 5/9ths of one percent (1%) for each of the first one hundred twenty (120) calendar months and actuarially thereafter (using the assumptions for Actuarial Equivalence), adjusted as applicable, to take into account the form of such Participant’s Retirement Benefit under Section 4.4.  For purposes of determining the amount of the survivor’s benefit under this Section 6.4, if a Participant’s Retirement Benefit would have been paid in the form of a Joint and 
		

		 

		

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		Survivor Annuity, and the Participant designated a Beneficiary other than his spouse, his Beneficiary shall be substituted for the Participant’s “spouse” for purposes of the conversion to the Joint and Survivor Annuity.
		

		
			6.5    Death of Retired Participant before or after Commencement of Benefits            . If a Retired Participant (a) dies before benefit payments begin or (b) dies after benefit payments begin, any death benefit that may be payable is a function of the form of payment applicable to such Retired Participant (Joint and Survivor Annuity or Annuity as provided under Section 4.4), as described below:  
		

		
			(a)    Joint and Survivor Annuity.  
		

		
			(i)    Death of Participant or Spouse during Ten (10) Year Certain Period.  If either the Participant or his spouse (but not both) dies before the first benefit payment or during the ten (10) year certain period following the Benefit Commencement Date, the benefit amount payable during their joint lives shall be paid to the survivor for the balance of the ten (10) year certain period and then two-thirds (2/3) of that amount shall be paid to the survivor for life. 
		

		
			(ii)    Death of Both Participant and Spouse during Ten (10) Year Certain Period.  If both the Participant and his spouse die before the first benefit payment or during the ten (10) year certain period following the Benefit Commencement Date, the benefit amount payable during their joint lives shall be paid to the Participant’s Beneficiary for the balance of the ten (10) year certain period. 
		

		
			(iii)    Cessation of Benefits.  No further benefits are payable after the later of (a) the deaths of the Participant and his spouse or (b) the end of the ten (10) year certain period. 
		

		
			(iv)    Spouse.  For purposes of this Section 6.5(a), “spouse” refers to the Participant’s spouse whose birth date was used in the calculation of the Joint and Survivor Annuity, even if the Participant is married to a different individual at the time of the Participant’s death. 
		

		
			(b)    Annuity.  
		

		
			(i)    Death of Participant during Ten (10) Year Certain Period.  If the Participant dies before the first benefit payment or during the ten (10) year certain period following the Benefit Commencement Date, the benefit amount shall be paid to the Participant’s Beneficiary for the balance of the ten (10) year certain period. 
		

		
			(ii)    Cessation of Benefits.  No further benefits are payable after the later of (a) the death of the Participant or (b) the end of the ten (10) year certain period. 
		

		
			6.6    Administrative Delay.  Death benefits shall commence as of the date set forth in this Article VI or the first day of the month as soon as administratively practicable thereafter but in any event within ninety (90) days of the Participant’s death.  The aggregate amount of any such delayed payments, without interest on such delayed payments, shall be paid to the Beneficiary on such delayed commencement date.    
		

		

		

		 

		

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		6.7    Beneficiary Designation for Ten (10) Year Certain Period            .  A Beneficiary designation shall be effective upon receipt by the Administrative Committee of a properly executed form which the Administrative Committee has approved for that purpose, and shall remain in force until revoked or changed by the Participant.  The Participant may, from time to time, revoke or change any designation of Beneficiary by filing another approved Beneficiary designation form with the Administrative Committee.  
		

		
			(a)    Upon entering the Plan, each Participant shall file with the Administrative Committee a designation of one or more Beneficiaries to whom the death benefit provided by Sections 6.2, 6.3, and 6.4 shall be payable.  Any Beneficiary designation by a married Participant who designates any person or entity other than the Participant’s spouse shall be ineffective unless the Participant's spouse has indicated consent by completing and signing the applicable spousal consent section of the approved beneficiary designation form.
		

		
			(b)    Upon Retirement and prior to commencement of benefits under Article IV, the Participant shall designate one or more Beneficiaries to receive the remaining period certain payments, which designation shall be made and modified in accordance with the procedures set forth in this Section 6.7.  If the Participant does not designate one or more Beneficiaries to receive the remaining period certain payments, the Beneficiaries designated by the Participant upon entering the Plan shall be the Participant’s Beneficiaries for purposes of the remaining period certain payments.  A spouse of a Participant may not change the Beneficiaries designated by the Participant, including the Beneficiaries to whom the remaining period certain payments may be paid.  Notwithstanding the preceding sentences of this Section 6.7(b), in the case of a Joint and Survivor Annuity, a Beneficiary designation shall have no effect unless the Participant and the Participant’s spouse both die during the ten (10) year certain period and (b) if the Participant dies during the ten (10) year certain period and the Beneficiaries designated by the Participant have predeceased the Participant or otherwise ceased to exist, the Participant’s surviving spouse who is receiving the survivor benefit under the Joint and Survivor Annuity may designate the Beneficiaries to receive any remaining guaranteed payments if the spouse should die during the ten (10) year certain period.
		

		
			(c)    If there is no valid Beneficiary designation on file with the Administrative 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 shall be the Participant’s spouse, if the spouse survives the Participant, or otherwise the Participant’s estate.  A Beneficiary who is an individual shall be deemed to have predeceased the Participant if the Beneficiary dies within thirty (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 payments due under this Article VI, the balance of the payments that would have been paid to that Beneficiary shall, unless the Participant’s designation provides otherwise, be distributed to the deceased individual 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.
		

		

		

		 

		

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		Article VII
PROVISIONS RELATING TO ALL BENEFITS
		

		
			7.1    Effect of this Article.  The provisions of this Article shall control over all other provisions of the Plan (including the Program).
		

		
			7.2    Termination of Employment.  A Participant’s termination of employment for any reason prior to the Participant’s vesting under Article III shall cause the Participant and all his Beneficiaries to forfeit all interests in and under this Plan, other than any benefit payable to such Participant’s Beneficiaries under Article VI. 
		

		
			7.3    Forfeiture for Cause.
		

		
			(a)    Forfeiture on Account of Discharge. If the Administrative Committee finds, after full consideration of the facts presented on behalf of Sysco or a Subsidiary and a former Participant, that the Participant was discharged by Sysco or a Subsidiary for: (i) fraud, (ii) embezzlement, (iii) theft, (iv) commission of a felony, (v) proven dishonesty in the course of his employment by Sysco or a Subsidiary which damaged Sysco or a Subsidiary, or (vi) disclosing trade secrets of Sysco or a Subsidiary ((i) through (vi) individually and collectively referred to as a “For Cause Event”), the entire Vested Accrued Benefit of the Participant and/or his Beneficiaries shall be forfeited. 
		

		
			(b)    Forfeiture after Commencement of Benefits. If the Administrative Committee finds, after full consideration of the facts presented on behalf of Sysco or a Subsidiary and the former Participant, that a former Participant who has begun receiving benefits under this Plan engaged in a For Cause Event during his employment with Sysco or a Subsidiary (even though the Participant was not discharged from Sysco or the Subsidiary for such a For Cause Event), the former Participant’s and/or Beneficiaries remaining benefit payments under the Plan (including the Program) shall be forfeited.
		

		
			(c)    Administrative Committee Discretion.  The decision of the Administrative Committee as to the existence of a For Cause Event shall be final.  No decision of the Administrative Committee shall affect the finality of the discharge of the Participant by Sysco or the Subsidiary in any manner.
		

		
			(d)    Special Rule for Change of Control. Notwithstanding the above, the forfeitures created by Sections 7.3(a) and 7.3(b) above shall not apply to a Participant or former Participant who: (i) is discharged during the Plan Year in which a Change of Control occurs, or during the next three (3) succeeding Plan Years following the Plan Year in which a Change of Controls occurs (the “Change of Control Period”) or (ii) during the Change of Control Period is determined by the Administrative Committee to have engaged in a For Cause Event, unless a court reviewing the Administrative Committee’s findings agrees with the Administrative Committee’s determination to apply the forfeiture.
		

		
			 
		

		

		

		 

		

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		7.4    Forfeiture for Competition  If, at the time a distribution is being made or is to be made to a Participant, the Administrative Committee finds, after full consideration of the facts presented on behalf of Sysco or a Subsidiary and the Participant, that the Participant has engaged in any of the conduct set forth in this Section 7.4, the entire benefit remaining to be paid to the Participant and/or his Beneficiaries shall be forfeited, even though it may have been previously vested under any portion of this Plan; provided, however, that this Section 7.4 shall not apply to any Participant whose termination of employment from Sysco or a Subsidiary occurs during a Change of Control Period. A forfeiture shall occur if, at any time after his termination of employment from Sysco or a Subsidiary and while any remaining benefit is to be paid to the Participant and/or his Beneficiaries under this Plan, and without written consent of Sysco’s Chief Executive Officer or General Counsel, the Participant:
		

		
			(a)    either directly or indirectly owns, operates, manages, controls, or participates in the ownership, management, operation, or control of, or is employed by, or is paid as a consultant or other independent contractor by, a business which competes with any aspect of the business of Sysco or a Subsidiary by which he was formerly employed (as the scope of Sysco’s or such Subsidiary’s business is defined as of the date of Participant’s termination of employment) in a trade area served by Sysco or the Subsidiary and in which the Participant directly or indirectly represented Sysco or the Subsidiary while employed by it; and the Participant continues to be so engaged ten (10) days after written notice has been given to him by or on behalf of Sysco or the Subsidiary;
		

		
			(b)    either directly or indirectly owns, operates, manages, controls, or participates in the ownership, management, operation, or control of, or is employed by, or is paid as a consultant or other independent contractor by, a customer or supplier of Sysco or a Subsidiary by which he was formerly employed and with whom the Participant dealt, either directly or indirectly through the supervision of others, on behalf of Sysco or a Subsidiary by which he was formerly employed; and the Participant continues to be so engaged ten (10) days after written notice has been given to him by or on behalf of Sysco or the Subsidiary;
		

		
			(c)    on behalf of a business which competes with Sysco or a Subsidiary by which he was formerly employed, directly or indirectly markets, solicits or sells to any actual or prospective customer of Sysco or a Subsidiary by which he was formerly employed and with whom the Participant dealt, either directly or indirectly through the supervision of others, on behalf of Sysco or the Subsidiary by which he was formerly employed;
		

		
			(d)    on behalf of a business which competes with Sysco or a Subsidiary by which he was formerly employed, directly or indirectly markets to, solicits or buys from any supplier of Sysco or a Subsidiary by which he was formerly employed and with whom the Participant dealt, either directly or indirectly through the supervision of others, on behalf of Sysco or the Subsidiary by which he was formerly employed;
		

		
			(e)    on behalf of a business which competes with Sysco or a Subsidiary by which he was formerly employed, directly or indirectly solicits, offers employment to, hires or otherwise enters into a consulting relationship with any employee of Sysco or any Subsidiary;
		

		

		

		 

		

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		(f)    either (i) fails to return to Sysco or the Subsidiary by which he was formerly employed, within ten (10) days of any request issued to the Participant, any and all trade secrets or confidential information or any portion thereof and all materials relating thereto in his possession, or (ii) fails to hold in confidence or reproduces, distributes, transmits, reverse engineers, decompiles, disassembles, or transfers, directly or indirectly, in any form, by any means, or for any purpose, any Sysco or Subsidiary trade secrets or confidential information or any portion thereof or any materials relating thereto; or
		

		
			(g)    makes any disparaging comments or accusations detrimental to the reputation, business, or business relationships of Sysco (as reasonably determined by Sysco or a Subsidiary), and the Participant fails to retract such comments or accusations within sixty (60) days after written notice demanding such retraction has been provided to him by or on behalf of Sysco or the Subsidiary.
		

		
			7.5    Restrictions on any Portion of Total Payments Determined to be Excess Parachute Payments.  If any payment or benefit received or to be received by a Participant in connection with a “change of control” (as defined in Section 280G of the Code and the Treasury Regulations thereunder) of Sysco would either (i) result in such payment or benefit not being deductible, whether in whole or in part, by Sysco or any Subsidiary, as a result of Section 280G of the Code, and/or (ii) result in the Participant being subject to the excise tax imposed under Section 4999 of the Code, then the benefits payable under the Executive Retirement Plans shall be reduced until no portion of the Total Payments is not deductible as a result of Section 280G of the Code (and/or not subject to the excise tax imposed under Section 4999 of the Code) or the benefits payable under the Executive Retirement Plans have been reduced to zero.  If a Participant is entitled to a benefit under more than one (1) of the Executive Retirement Plans, then the reduction shall be applied in the order determined by the Administrative Committee in its sole discretion.  The reduction in benefits payable under this Plan, if any, shall be determined by reducing the Vested Percentage of the Participant’s Vested Accrued Benefit. In determining the amount of the reduction, if any, under this Plan: (a) no portion of the Total Payments which the Participant has waived in writing prior to the date of the payment of benefits under this Plan shall be taken into account, (b) no portion of the Total Payments which tax counsel, selected by Sysco’s independent auditors and reasonably acceptable to the Participant (“Tax Counsel”), determines not to constitute a “parachute payment” within the meaning of Section 280G(b)(2) of the Code shall be taken into account (including, without limitation, amounts not treated as a “parachute payment” as a result of the application of Section 280G(b)(4)(A)), (c) no portion of the Total Payments which Tax Counsel, determines to be reasonable compensation for services rendered within the meaning of Section 280G(b)(4)(B) of the Code will be treated as an “excess parachute payment” in the manner provided by Section 280G(b)(4)(B), and (d) the value of any non-cash benefit or any deferred payment or benefit included in the Total Payments shall be determined by Sysco’s independent auditors in accordance with Sections 280G(d)(3) and (4) of the Code. Notwithstanding anything herein or otherwise to the contrary, the Compensation Committee, may, within its sole discretion and pursuant to an agreement approved by the Compensation Committee, waive application of this Section 7.5, when it determines that specific situations warrant such action.
		

		

		

		 

		

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		7.6    Claims Procedure  Any person who believes that he or she is being denied a benefit to which he or she is entitled under this Plan (including the Program) (referred to hereinafter as a “Claimant”) must file a written request for such benefit with the Administrative Committee; provided, however, that any claim involving entitlement to, the amount of or the method or timing of payment of a benefit affected by a Change of Control shall be governed by Section 7.6(e).  Such written request must set forth the Claimant’s claim and must be addressed to the Administrative Committee at the Company’s principal office. 
		

		
			(a)    Initial Claims Decision.  The Administrative Committee shall generally provide written notice to the Claimant of its decision within ninety (90) days  after the claim is filed with the Administrative Committee; provided, however, that the Administrative Committee may have up to an additional ninety (90) days  to decide the claim, if the Administrative Committee determines that special circumstances require an extension of time to decide the claim, and the Administrative Committee advises the Claimant in writing of the need for an extension (including an explanation of the special circumstances requiring the extension) and the date on which it expects to decide the claim.  
		

		
			(b)    Appeals.  A Claimant may appeal the Administrative Committee’s decision by submitting a written request for review to the Administrative Committee within sixty (60) days after the earlier of receiving the denial notice or after expiration of the initial review period.  Such written request must be addressed to the Administrative Committee at the Company’s principal office.  In connection with such request, the Claimant (and his or her authorized representative, if any) may review any pertinent documents upon which the denial was based and may submit issues and comments in writing for consideration by the Administrative Committee.  If the Claimant’s request for review is not received within the earlier of sixty (60) days after receipt of the denial or after expiration of the initial review period, the denial shall be final, and the Claimant shall be barred and estopped from challenging the Administrative Committee’s determination.   
		

		
			(c)    Decision Following Appeal.  The Administrative Committee shall generally make its decision on the Claimant’s appeal in writing within sixty (60) days following its receipt of the Claimant’s request for appeal; provided, however, that the Administrative Committee may have up to an additional sixty (60) days to decide the claim, if the Administrative Committee determines that special circumstances require an extension of time to decide the claim and the Administrative Committee advises the Claimant in writing of the need for an extension (including an explanation of the special circumstances requiring the extension) and the date on which it expects to decide the claim.  The Administrative Committee shall notify the Claimant of its decision on the Claimant’s appeal in writing, regardless of whether the decision is adverse.  
		

		
			(d)    Decisions Final; Procedures Mandatory.  A decision on appeal by the Administrative Committee shall be binding and conclusive upon all persons, and completion of the claims procedures described in this Section 7.6 shall be a mandatory precondition to commencement of any court proceeding brought in connection with this Plan (including the Program) by a person claiming rights under this Plan (including the Program) or by another person claiming rights through such a person. Notwithstanding the preceding sentence, the Administrative 
		

		 

		

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		Committee may, in its sole discretion, waive the procedures described in Sections 7.6(a) through 7.6(c) as a mandatory precondition to such an action.
		

		
			7.7    Compensation Committee Decisions.  Notwithstanding anything in the Plan (including the Program) to the contrary, any determination made or to be made with respect to the benefits or rights of an Executive Officer under the Plan (including the Program) shall not be made by the Administrative Committee but shall instead be made by the Compensation Committee, and each provision of the Plan (including the Program) otherwise governing such a determination shall be interpreted and construed to substitute the Compensation Committee for the Administrative Committee in such provision.
		

		
			 
		

		
			 
		

		

		

		 

		

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		ARTICLE VIII
ADMINISTRATION
		

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

		
			8.2    Administrative Committee Organization and Voting.  The organizational structure and voting responsibilities of the Administrative Committee shall be as set forth in the bylaws of the Administrative Committee.
		

		
			8.3    Powers of the Administrative Committee.  Except as otherwise provided in Section 7.7, the Administrative Committee shall have the exclusive responsibility for the general administration of this Plan (including the Program) according to the terms and provisions of this Plan (including the Program) and shall 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 this Plan (including the Program);
		

		
			(b)    to construe, interpret and apply all terms, provisions, conditions and limitations of this Plan (including the Program);
		

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

		
			(d)    subject to Section 7.3(d), to resolve all controversies relating to the administration of this Plan (including the Program), including but not limited to:
		

		
			(i)    differences of opinion arising between the Company and a Participant in accordance with Sections 7.6(a) through 7.6(c), 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, such difference of opinion shall be decided by judicial action; and
		

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

		
			 
		

		
			(e)to delegate by written notice any plan administration duties of the Administrative Committee to such individual members of the Administrative Committee, individual employees of the Company, or groups of employees of the Company, as the Administrative Committee determines to be necessary or advisable to properly administer this Plan (including the Program).
		

		
			
		

		 

		

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		8.4    Committee Discretion The Administrative Committee (or, as applicable, the Compensation Committee), in exercising any power or authority granted under this Plan (including the Program), or in making any determination under this Plan (including the Program), shall perform or refrain from performing those acts pursuant to such authority using its sole discretion and judgment.  By way of amplification, and without limiting the foregoing, the Company specifically intends that the Administrative Committee (or, as applicable, the Compensation Committee) have the greatest possible discretionary authority to construe, interpret and apply the terms of this Plan (including the Program) and to determine all questions concerning eligibility, participation and benefits. Any  decision made by the Administrative Committee (or, as applicable, the Compensation Committee) or any refraining to act or any act taken by the Administrative Committee (or, as applicable, the Compensation Committee) in good faith shall be final and binding on all parties, subject to the provisions of Sections 7.6(a) through 7.6(c).  The Administrative Committee’s (or, as applicable, the Compensation Committee’s) decisions shall never be subject to de novo review. Notwithstanding the foregoing, the Administrative Committee’s (or, as applicable, the Compensation Committee’s) decisions, refraining to act or acting is to be subject to judicial review for those incidents occurring during the Change of Control Period.
		

		
			8.5    Reimbursement of Expenses.  The Administrative Committee shall serve without compensation for their services but shall be reimbursed by Sysco for all expenses properly and actually incurred in the performance of their duties under this Plan (including the Program).
		

		
			8.6    Indemnification.  To the extent permitted by law, members of the Board of Directors, members of the Compensation Committee, members of the Administrative Committee, employees of the Company, and all agents and representatives of the Company shall be indemnified by the Company, and saved harmless against any claims resulting from any action or conduct relating to the administration of the Plan (including the Program), except claims arising from gross negligence, willful neglect or willful misconduct.
		

		

		

		 

		

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		Article IX
ADOPTION BY SUBSIDIARIES
		

		
			9.1    Procedure for and Status after Adoption.  Any Subsidiary may, with the approval of the Administrative Committee, adopt this Plan prior to June 29, 2013 by appropriate action of its board of directors.  The terms of this Plan shall apply separately to each Subsidiary adopting this Plan and its Participants in the same manner as is expressly provided for Sysco and its Participants except that the powers of the Board of Directors, the Compensation Committee and the Administrative Committee under this Plan (including the Program) shall be exercised by the Board of Directors of Sysco, Compensation Committee of the Board of Directors of Sysco or the Administrative Committee of Sysco, as applicable. Sysco and each Subsidiary adopting this Plan shall bear the cost of providing Plan benefits for its own Participants.  Sysco shall initially pay the costs of the Plan each Plan Year.  However, each adopting Subsidiary shall then be billed back for the actuarially determined costs pertaining to it in accordance with the appropriate Financial Accounting Standards Board pronouncements.  It is intended that the obligation of Sysco and each Subsidiary with respect to its Participants shall be the sole obligation of the Company that is employing the Participant and shall not bind any other Company.
		

		
			9.2    Termination of Participation by Adopting Subsidiary.  Any Subsidiary adopting this Plan may, by appropriate action of its board of directors, terminate its participation in this Plan.  The Administrative Committee may, in its discretion, also terminate a Subsidiary’s participation in this Plan at any time.  The termination of the participation in this Plan by a Subsidiary shall not, however, affect the rights of any Participant who is working or has worked for the Subsidiary as to benefits previously accrued by the Participant under this Plan without his consent.
		

		
			 
		

		
			 
		

		

		

		 

		

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		Article X
AMENDMENT AND/OR TERMINATION
		

		
			10.1    Amendment or Termination of the Plan.  The Compensation Committee may amend or terminate this Plan (including the Program) at any time by an instrument in writing without the consent of any adopting Company.  
		

		
			10.2    No Retroactive Effect on Awarded Benefits
		

		
			(a)    General Rule.  Absent a Participant’s prior consent, no amendment shall affect the rights of such Participant to his Vested Accrued Benefit as of the date of such amendment (“Minimum Vested Accrued Benefit”) or shall change such Participant’s rights under any provision relating to a Change of Control after a Change of Control has occurred.  On and after the effective date of such amendment, for purposes of vesting under Article III, the Early Payment Criteria under Section 4.1(l), and the Early Retirement Factor under Section 4.1(m), a Participant shall continue to be awarded (i) Vesting Service and age credit until such Participant’s termination of employment with Sysco and its Subsidiaries, and (ii) years of MIP Participation until such Participant is no longer a MIP participant.
		

		
			(b)    Benefits on or after the Amendment.  Notwithstanding the provisions of this Section 10.2, the Compensation Committee retains the right at any time (1) to change in any manner or to discontinue the death benefit provided in Article VI, except for a period of four (4) years after a Change of Control for those persons who at that time were covered by the death benefit, and (2) to change in any manner the benefit under Article IV, provided such benefit is not less than the minimum benefit under Section 10.2(a). 
		

		
			10.3    Effect of Termination.  Upon termination of the Plan, the following provisions shall apply:
		

		
			(a)    With respect to benefits that become payable as a result of a distribution event on or after the effective date of the Plan’s termination, a Participant’s Vested Accrued Benefit shall be determined as provided under Article IV. 
		

		
			(b)    The Compensation Committee may, in its sole discretion, authorize distributions to Participants as a result of the Plan’s termination, provided that:
		

		
			(i)    All deferred compensation arrangements sponsored by the Company that would be aggregated with this Plan (which may include the Program) under Section 1.409A-1(c) of the Treasury Regulations (or any corresponding provision of succeeding law) if the Participant participated in such arrangements are terminated;
		

		
			(ii)    No distributions other than distributions that would be payable under the terms of this Plan if the termination had not occurred are made within twelve (12) months of the termination of this Plan;
		

		
			(iii)    All distributions of benefits to be provided hereunder are paid within twenty-four (24) months of the termination of this Plan; and 
		

		

		

		 

		

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		(iv)    The Company does not adopt a new deferred compensation arrangement at any time within three (3) years following the date of the termination of the Plan that would be aggregated with this Plan under Section 1.409A-1(c) of the Treasury Regulations (or any corresponding provision of succeeding law) if the Participant participated in this Plan and the new arrangement.
		

		
			(c)    Except as otherwise provided in Section 10.3(a) and 10.3(b), on and after the effective date of the Plan’s termination, (i) the Plan shall continue to be administered as it was prior to the Plan’s termination, (ii) all retirement benefits accrued prior to the date of termination shall be payable only under the conditions, at the time, and in the form then provided in this Plan, (iii) no Participant shall be entitled to Plan benefits solely as a result of the Plan’s termination in accordance with the provisions of this Article X, and (iv) the forfeiture provisions of Sections 7.3 and 7.4, and the restrictions set forth in Section 7.5 shall continue in effect.
		

		

		

		 

		

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		Article XI
FUNDING
		

		
			11.1    Payments Under This Plan are the Obligation of the Company.  The Company last employing a Participant shall pay the benefits due the Participant under this Plan (including the Program); however, should it fail to do so when a benefit is due, then, except as provided in Section 11.5, the benefit shall be paid by the Trust.  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 (including the Program).
		

		
			11.2    Plan May Be Funded Through the Trust.  It is specifically recognized by both the Company and the Participants that the Company may, but is not required to, purchase life insurance so as to accumulate assets to fund the obligations of the Company under this Plan (including the Program), and that the Company may, but is not required to, contribute any policy or policies it may purchase and any amounts or other assets it finds desirable to the Trust.  However, under all circumstances, the Participants shall have no rights to any of those policies or any other assets contributed to the Trust; and, likewise, under all circumstances, the rights of the Participants to the assets held in the Trust shall be no greater than the rights expressed in this Plan (including the Program) and the Trust Agreement.  Nothing contained in the Trust Agreement shall constitute a guarantee by any Company that assets of the Company transferred to the Trust shall be sufficient to pay any benefits under this Plan (including the Program) or would place the Participant in a secured position ahead of general creditors should the Company become insolvent or bankrupt.  The Trust Agreement must specify that Participants in this Plan (including the Program) are only unsecured general creditors of the Company in relation to their benefits under this Plan (including the Program).
		

		
			11.3    Reversion of Excess Assets. Sysco may, at any time, request the actuary for the Plan to determine the present value of the Vested Accrued Benefit assuming the Vested Accrued Benefit to be fully vested (whether it is or not), as of the end of this Plan (including the Program) Year coincident with or last preceding the request, of all Participants and Beneficiaries of deceased Participants for which all Companies are or will be obligated to make payments under this Plan (including the Program).  For periods prior to a Change of Control, 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 Vested Accrued Benefits of all Participants and Beneficiaries under this Plan (including the Program), Sysco may direct the Trustee to return to Sysco the assets which are in excess of the Vested Accrued Benefits under this Plan (including the Program).  For periods following a Change of Control, 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 Vested Accrued Benefits of all Participants and Beneficiaries under this Plan (including the Program) by 10%, Sysco may direct the Trustee to return to Sysco the assets which are in excess of 110% of the Vested Accrued Benefits under this Plan (including the Program).  For this purpose, the present value of the Vested Accrued Benefits under this Plan (including the Program) shall be calculated using the data for the preceding Plan Year brought forward using the assumptions used to determine the actuarially determined costs according to the appropriate Financial Accounting Standards Board pronouncements.  If there has been a Change of Control, to determine excess assets, all contributions made prior to the Change of 
		

		 

		

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		Control shall 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.
		

		
			11.4    Participants Must Rely Only on General Credit of the Company.  The Company and the Participants recognize that this Plan (including the Program) is only a general corporate commitment, and that each Participant is merely an unsecured general creditor of the Company with respect to any of the Company’s obligations under this Plan (including the Program). 
		

		
			11.5    Funding of Benefits for Participants Subject to Canadian Income Tax Laws is Prohibited.  No Company employing a Participant whose income is subject to the Canadian tax laws shall be permitted to fund its obligation to that person through any rabbi trust, fund, sinking fund, or other financial vehicle even though under applicable law the assets held to fund the obligation are still subject to the general creditors of the Company.
		

		

		

		 

		

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		Article XII
MISCELLANEOUS
		

		
			12.1    Responsibility for Distributions and Withholding of Taxes.  The Administrative Committee shall furnish information, to the Company last employing the Participant, concerning the amount and form of distribution to any Participant entitled to a distribution so that the Company may make or cause the Rabbi Trust to make the distribution required.  The Administrative Committee shall also calculate the deductions from the amount of the benefit paid under this Plan (including the Program) for any taxes required to be withheld by federal, state, local, or foreign government and shall cause them to be withheld.  
		

		
			12.2    Limitation of Rights.  Nothing in this Plan (including the Program) shall be construed:
		

		
			(a)    to give a Participant any right with respect to any benefit except in accordance with the terms of this Plan (including the Program);
		

		
			(b)    to limit in any way the right of Sysco or a Subsidiary to terminate a Participant’s employment;
		

		
			(c)    to evidence any agreement or understanding, expressed or implied, that Sysco or a Subsidiary shall employ a Participant in any particular position or for any particular remuneration; or
		

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

		
			12.3    Benefits Dependent upon Compliance with Certain Covenants.  The benefits provided to a Participant under this Plan by the Company are dependent upon the Participant’s full compliance with the covenants set forth in Section 7.4.
		

		
			12.4    Distributions to Incompetents or Minors.  Should a Participant become incompetent or should a Participant designate a Beneficiary who is a minor or incompetent, the Administrative 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 Administrative Committee determines in its sole discretion.
		

		
			12.5    Nonalienation of Benefits.  No right or benefit provided under this Plan (including the Program) is subject to transfer, anticipation, alienation, sale, assignment, pledge, encumbrance or charge by the Participant, except upon his death to a named Beneficiary as provided in this Plan (including the Program).  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 (including the Program), that right or benefit shall, in the discretion of the Administrative Committee, be forfeited.  In that event, the Administrative 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 
		

		 

		

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

		
			12.6    Reliance upon Information    The Administrative Committee shall not be liable for any decision or action taken in good faith in connection with the administration of this Plan (including the Program).  Without limiting the generality of the foregoing, any decision or action taken by the Administrative Committee when it relies upon information supplied it by any officer of the Company, the Company’s legal counsel, the Company’s actuary, the Company’s independent accountants or other advisors in connection with the administration of this Plan (including the Program) shall be deemed to have been taken in good faith.
		

		
			12.7    Amendment Applicable to Active Participants Only Unless it Provides Otherwise.  No benefit which has accrued to any Participant who has died, retired, become disabled or separated or who is a Frozen Participant prior to the execution of an amendment shall be changed in amount or subject to any adjustment provided in that amendment unless the amendment specifically provides that it shall apply to those persons and it does not have the effect of reducing those persons Vested Accrued Benefit as then fixed without their consent.
		

		
			12.8    Severability.  If any term, provision, covenant or condition of this Plan (including the Program) is held to be invalid, void or otherwise unenforceable, the rest of this Plan (including the Program) shall remain in full force and effect and shall in no way be affected, impaired, or invalidated.
		

		
			12.9    Notice.  Any notice or filing required or permitted to be given to the Administrative Committee or a Participant shall be sufficient if 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 shall 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.
		

		
			12.10    Gender and Number  If the context requires it, words of one gender when used in this Plan (including the Program) shall include the other genders, and words used in the singular or plural shall include the other.
		

		
			12.11    Governing Law The Plan (including the Program) shall be governed by the laws of the State of Delaware except to the extent such laws are pre-empted by federal law.  The Participant and the Company agree that subject to the provisions of Sections 7.6(a) through 7.6(c), the sole and exclusive jurisdiction for any dispute under this Plan (including the Program) shall lie in the United States District Court for the Southern District of Texas, and the parties hereby waive any jurisdictional or venue-related defense to litigating at this forum.
		

		
			12.12    Effective Date. The Supplemental Executive Retirement Plan was originally effective as of July 3, 1988.  This Eleventh Amended and Restated Sysco Corporation Supplemental Executive Retirement Plan is effective as of June 29, 2012.
		

		
			 
		

		

		

		 

		

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		12.13    Compliance with Section 409A.  This Plan (including the Program) is intended to comply with Section 409A of the Code in both form and operation, and any ambiguities herein shall be interpreted, to the extent possible, in a manner that complies with Section 409A.
		

		
			 
		

		
			IN WITNESS WHEREOF, Sysco has executed this document on this November 14, 2012.
		

		
			                                                SYSCO CORPORATION
		

		
			 
		

		
			By:        /s/ Russell T. Libby                
		

		
			Name:     Russell T. Libby
		

		
			Title:    Sr. Vice President, General Counsel and Corporate Secretary
		

		
			 
		

		
			 
		

		 

		

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			APPENDIX I
		

		
			TO THE
		

		
			SYSCO CORPORATION
		

		
			SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
		

		

		

		 

		

			 

		

		

			 

		

 

		

			 

		

		
		

		
			 
		

		
			THIRD AMENDED AND RESTATED
		

		
			SYSCO CORPORATION
		

		
			MIP RETIREMENT PROGRAM
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			Effective December 31, 2012
		

		
			 
		

		 

		

			 

		

		

			 

		

 

		

			 

		

			
					
						 

				
	
					
						TABLE OF CONTENTS

				
	
					
						Page

				

		
			ARTICLE I            DEFINITIONS.....................................................................................................................................................- 2 -
		

		
			ARTICLE II            ELIGIBILITY & CONTINUED PARTICIPATION...................................................................................-  8  -
		

		
			2.1            Eligibility................................................................................................................................................................................-  8  -
		

		
			2.2            Benefits upon Re-Employment..................................................................................................................................-  8  -
		

		
			ARTICLE III            VESTING............................................................................................................................................................-  9  -
		

		
			ARTICLE IV            ACCRUED BENEFIT & RETIREMENT BENEFIT...........................................................................- 10  -
		

		
			4.1            Definitions..........................................................................................................................................................................- 10  -
		

		
			4.2            Accrued Benefit...............................................................................................................................................................- 11  -
		

		
			4.3            Vested Accrued Benefit...............................................................................................................................................- 11  -
		

		
			4.4            Retirement Benefit.........................................................................................................................................................- 11  -
		

		
			4.5            Form of Payment...........................................................................................................................................................- 11  -
		

		
			4.6            Administrative Delay....................................................................................................................................................- 11  -
		

		
			4.7            Delay of Payments under Section 409A of the Code..................................................................................- 11  -
		

		
			ARTICLE V            FROZEN PARTICIPATION......................................................................................................................- 13  -
		

		
			5.1            In General...........................................................................................................................................................................- 13  -
		

		
			5.2            Frozen Participation.......................................................................................................................................................- 13  -
		

		
			ARTICLE VI            DEATH BENEFIT.........................................................................................................................................- 14  -
		

		
			6.1            Definitions..........................................................................................................................................................................- 14  -
		

		
			6.2            Death of Active Participant after Age 55............................................................................................................- 14  -
		

		
			6.3            Death of Frozen Participant.......................................................................................................................................- 14  -
		

		
			6.4            Death of Vested Terminated Participant..............................................................................................................- 15  -
		

		
			6.5            Death of Retired Participant before or after Commencement of Benefits.........................................- 15  -
		

		
			6.6            Administrative Delay....................................................................................................................................................- 16  -
		

		
			6.7            Beneficiary Designation for Ten (10) Year Certain Period..........................................................................- 16  -
		

		
			ARTICLE VII            PROVISIONS RELATING TO ALL BENEFITS.............................................................................- 17  -
		

		
			7.1            Effect of this Article.....................................................................................................................................................- 17  -
		

		
			7.2            Termination of Employment......................................................................................................................................- 17  -
		

		
			7.3            Forfeiture for Cause.....................................................................................................................................................- 17  -
		

		
			7.4            Forfeiture for Competition..........................................................................................................................................- 17  -
		

		
			7.5            Restrictions on any Portion of Total Payments Determined to be Excess
		

		
			                  Parachute Payments..................................................................................................................................................-  18  -
		

		
			7.6            Claims Procedure...........................................................................................................................................................-  19  -
		

		
			7.7            Compensation Committee Decisions....................................................................................................................- 19 -
		

		
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		ARTICLE VIII            ADMINISTRATION...................................................................................................................................- 21  -
		

		
			8.1            Administrative Committee Appointment..............................................................................................................- 21  -
		

		
			8.2            Administrative Committee Organization and Voting.......................................................................................- 21  -
		

		
			8.3            Powers of the Administrative Committee...........................................................................................................- 21  -
		

		
			8.4            Committee Discretion...................................................................................................................................................- 21  -
		

		
			8.5            Reimbursement of Expenses...................................................................................................................................- 22  -
		

		
			8.6            Indemnification................................................................................................................................................................- 22  -
		

		
			ARTICLE IX            ADOPTION BY SUBSIDIARIES...........................................................................................................- 23  -
		

		
			9.1            Procedure for and Status after Adoption.............................................................................................................- 23  -
		

		
			9.2            Termination of Participation by Adopting Subsidiary.....................................................................................- 23  -
		

		
			ARTICLE X            AMENDMENT AND/OR TERMINATION.............................................................................................- 24  -
		

		
			10.1            Amendment or Termination of this Program....................................................................................................- 24  -
		

		
			10.2            No Retroactive Effect on Awarded Benefits..................................................................................................- 24  -
		

		
			10.3            Effect of Termination.................................................................................................................................................- 24  -
		

		
			ARTICLE XI            FUNDING........................................................................................................................................................- 26  -
		

		
			11.1            Payments Under the Plan (including this Program) are the Obligation
		

		
			                     of the Company.......................................................................................................................................................- 26  -
		

		
			11.2            The Plan (including this Program) May Be Funded Through the Trust.................................................- 26  -
		

		
			11.3            Reversion of Excess Assets.................................................................................................................................- 26  -
		

		
			11.4            Participants Must Rely Only on General Credit of the Company.........................................................- 26  -
		

		
			11.5            Funding of Benefits for Participants Subject to Canadian Income Tax
		

		
			                     Laws is Prohibited....................................................................................................................................................- 26  -
		

		
			ARTICLE XII            MISCELLANEOUS.....................................................................................................................................- 27  -
		

		
			12.1            Responsibility for Distributions and Withholding of Taxes.......................................................................- 27  -
		

		
			12.2            Limitation of Rights.....................................................................................................................................................- 27  -
		

		
			12.3            Benefits Dependent Upon Compliance with Certain Covenants...........................................................- 27  -
		

		
			12.4            Distributions to Incompetents or Minors............................................................................................................- 27  -
		

		
			12.5            Nonalienation of Benefits.........................................................................................................................................- 27  -
		

		
			12.6            Reliance upon Information.......................................................................................................................................- 27  -
		

		
			12.7            Amendment Applicable to Active Participants Only Unless it Provides
		

		
			                     Otherwise.....................................................................................................................................................................- 27  -
		

		
			12.8            Severability.....................................................................................................................................................................- 28  -
		

		
			12.9            Notice................................................................................................................................................................................- 28  -
		

		
			12.10           Gender and Number...................................................................................................................................................- 28  -
		

		
			12.11          Governing Law...............................................................................................................................................................- 28  -
		

		
			12.12          Effective Date...............................................................................................................................................................- 28  -
		

		
			12.13          Compliance with Section 409A...............................................................................................................................- 28  -
		

		
			-ii-
		

		
			 
		

		 

		

			 

		

 

		

			 

		

		
			THIRD AMENDED AND RESTATED
SYSCO CORPORATION 
MIP RETIREMENT PROGRAM
		

		
			WHEREAS, Sysco Corporation (“Sysco”) sponsors and maintains the Supplemental Executive Retirement Plan (the “SERP”) to provide a select group of management or highly compensated employees within the meaning of Sections 201, 301 and 401 of ERISA (and therefore exempt from the requirements of Parts 2, 3 and 4 of Title I of ERISA as a “top hat” plan and eligible for the alternative method of compliance for reporting and disclosure which is available for such plans), a supplement to their retirement pay so as to retain their loyalty and to offer a further incentive to them to maintain and increase their standard of performance;
		

		
			WHEREAS, generally effective as of August 27, 2010, the Compensation Committee of the Board of Directors (the “Compensation Committee”) amended and restated the SERP to, among other things, adopt the Second Amended and Restated Sysco Corporation MIP Retirement Program (the “Current Program”), which is attached as Appendix I to the Tenth Amended and Restated Sysco Corporation Supplemental Executive Retirement Plan (the “Current Plan”);
		

		
			WHEREAS, pursuant to Section 10.1 of the Current Plan, the Compensation Committee  may amend the Current Plan (including the Current Program) by an instrument in writing;
		

		
			WHEREAS, pursuant to Section 3.2 of the Current Plan, the Compensation Committee may accelerate vesting of a participants accrued benefit;
		

		
			WHEREAS, the Compensation Committee has determined that it is in the best interests of Sysco and its stockholders to amend the Current Plan to amend  and restate the Current Program to (i) freeze the accrual of benefits under the Current Program effective December 31, 2012; (ii) provide that the accrued benefits of participants in the Current Program will be 100% vested effective December 31, 2012; and (iii) to make such other changes to the Current Program to implement the changes in (i) and (ii) above, and to ease administration of the Current Progam.
		

		
			NOW, THEREFORE, Sysco hereby adopts this Third Amended and Restated Sysco Corporation MIP Retirement Program, effective as of December 31, 2012 (the “Effective Date”), as follows:
		

		

		

		 

		

			 

		

 

		

			 

		

		ARTICLE I

DEFINITIONS
		

		
			1.1401(k) Plan.  “401(k) Plan” means the Sysco Corporation Employees 401(k) Plan, a defined contribution plan qualified under Section 401(a) of the Code, any U.S. tax-qualified defined contribution plan successor thereto and any other such plan sponsored by Sysco or a Subsidiary.
		

		
			1.2Accrued Benefit. “Accrued Benefit” shall have the meaning set forth in Section 4.2 of this Program. 
		

		
			1.3        Active Participant.  “Active Participant” means a Participant in the employ of the Company who as of December 31, 2012, was not a Frozen Participant. A Participant who was an Active Participant as of December 31, 2012, shall for all purposes of this Program be treated as an Active Participant from and after the Effective Date.
		

		
			1.4        Actuarial Equivalence or Actuarially Equivalent.  “Actuarial Equivalence” shall be determined on the basis of the mortality and interest rate assumptions used in computing annuity benefits under the Pension Plan.  If there is no Pension Plan in effect at the time any such determination is made, the actuarial assumptions to be used shall be selected by an actuarial firm chosen by the Administrative Committee.  Such actuarial firm shall select such actuarial assumptions as would be appropriate for the Pension Plan if the Pension Plan had remained in existence with its last participant census.  “Actuarially Equivalent” means equality in value of the aggregate amounts expected to be received under different forms of payment based on the mortality and interest rate assumptions specified for purposes of Actuarial Equivalence.  
		

		
			1.5        Administrative Committee.  “Administrative Committee” means the committee administering the Plan (including this Program).
		

		
			1.6        Affiliate.  “Affiliate” means any entity with respect to which Sysco beneficially owns, directly or indirectly, at least 50% of the total voting power of the interests of such entity and at least 50% of the total value of the interests of such entity.
		

		
			1.7        Annual Compensation Limit. “Annual Compensation Limit” shall have the meaning set forth in Section 4.1(a) of this Program. 
		

		
			1.8        Annuity.  “Annuity” means a monthly annuity for the life of the Participant with a ten (10) year certain period.  Except as provided in Section 4.5 of this Program, a Participant’s Vested Accrued Benefit and Retirement Benefit are expressed in the form of an Annuity.  
		

		
			1.9        Beneficiary.  “Beneficiary” means a person or entity designated by the Participant under the terms of this Program to receive any amounts distributed under this Program upon the death of the Participant.  
		

		
			1.10       Benefit Commencement Date. “Benefit Commencement Date” means the first date the Participant’s benefits are payable under Section 4.1(d) of this Program, without regard to any delay under either Section 4.6 or Section 4.7 of this Program.    
		

		
			1.11       Board of Directors.  “Board of Directors” means the Board of Directors of Sysco. 
		

		
			1.12       Change of Control.  “Change of Control” means the occurrence of one or more of the following events:
		

		
			(a)        The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Act) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Securities Act) of 20% or more of either (i) the then-outstanding shares of Sysco common stock (the “Outstanding Sysco Common Stock”) or (ii) the combined voting power of the then-outstanding voting securities of Sysco entitled to vote generally in the election of directors (the “Outstanding Sysco Voting Securities”); 
		

		 

		

			 

		

		

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		provided, however, that the following acquisitions shall not constitute a Change of Control:  (1) any acquisition directly from Sysco, (2) any acquisition by Sysco, (3) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by Sysco or any Affiliate, or (4) any acquisition by any corporation pursuant to a transaction that complies with Sections (c)(i), (c)(ii) and (c)(iii), below;
		

		
			(b)        Individuals who, as of July 1, 2012, constitute the Board of Directors (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board of Directors; provided, however, that any individual becoming a director subsequent to July 1, 2012 whose election, or nomination for election by Sysco’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board of Directors; 
		

		
			(c)        Consummation of a reorganization, merger, statutory share exchange or consolidation or similar corporate transaction involving Sysco or any of its Affiliates, a sale or other disposition of all or substantially all of the assets of Sysco, or the acquisition of assets or stock of another entity by Sysco or any of its Affiliates (each, a “Business Combination”), in each case unless, following such Business Combination, (i) all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding Sysco Common Stock and the Outstanding Sysco Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of the then-outstanding shares of common stock and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation that, as a result of such transaction, owns Sysco or all or substantially all of Sysco’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Sysco Common Stock and the Outstanding Sysco Voting Securities, as the case may be, (ii) no Person (excluding any corporation resulting from such Business Combination or any employee benefit plan (or related trust) of Sysco or such corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 20% or more of, respectively, the then-outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of such corporation, except to the extent that such ownership existed prior to the Business Combination, and (iii) at least a majority of the members of the board of directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board of Directors providing for such Business Combination; or 
		

		
			(d)        Approval by the stockholders of Sysco of a complete liquidation or dissolution of Sysco.
		

		
			1.13Change of Control Period. “Change of Control Period” shall have the meaning set forth in Section 7.3(d) of this Program.
		

		
			1.14Code.  “Code” means the Internal Revenue Code of 1986, as amended from time to time.
		

		
			1.15Company.  “Company” means Sysco and any Subsidiary other than a Non-Participating Subsidiary.  
		

		
			1.16Compensation.  “Compensation” shall have the meaning set forth in Section 4.1(b) of this Program.
		

		
			1.17Compensation Committee.  “Compensation Committee” means the Compensation Committee of the Board of Directors.
		

		
			1.18Death Benefit Eligible Earnings.  “Death Benefit Eligible Earnings” shall have the meaning set forth in Section 6.1(a) of this Program.
		

		 

		

			 

		

		

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			1.19Deferred Retirement Benefit.  “Deferred Retirement Benefit” shall have the meaning set forth in Section 4.1(d) of this Program.
		

		
			1.20Determination Date.  “Determination Date” means the date as of which a Participant’s Accrued Benefit and Vested Accrued Benefit are calculated.  The Determination Date for determining a Participant’s Accrued Benefit under Article IV of this Program shall be December 31, 2012.  The Determination Date for determining a Participant’s Vested Accrued Benefit shall be the date of the Participant’s death, Retirement or Vested Separation from Sysco and its Subsidiaries.
		

		
			1.21EDCP.  “EDCP” means the Sysco Corporation Executive Deferred Compensation Plan, as it may be amended from time to time and any successor plan thereto. 
		

		
			1.22Effective Date. “Effective Date” shall have the meaning set forth in the Recitals.
		

		
			1.23Eligible Earnings.  “Eligible Earnings” shall have the meaning set forth in Section 4.1© of this Program. 
		

		
			1.24ERISA.  “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.  
		

		
			1.25Executive Officer.  “Executive Officer” means each of Sysco’s Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, President, Executive Vice Presidents, Senior Vice Presidents or any other officers designated as “officers” for purposes of Section 16 of the Securities Act.
		

		
			1.26Executive Retirement Plans. “Executive Retirement Plans” means, collectively, this Program, the Plan, the Management Savings Plan, the EDCP and the Canadian Executive Capital Accumulation Plan, and such other non-qualified deferred compensation arrangements sponsored by Sysco or a Subsidiary as determined by the Compensation Committee.
		

		
			1.27For Cause Event.  “For Cause Event” shall have the meaning set forth in Section 7.3(a) of this Program. 
		

		
			1.28Frozen Participant.  “Frozen Participant” means a Participant in the employ of the Company as of December 31, 2012, whose participation in this Program was frozen on or before December 31, 2012 because (i) he ceased to be an MIP participant; (ii) he transferred to a Non-Participating Subsidiary; or (iii) his income became subject to foreign income tax laws.  A Participant who was a Frozen Participant as of December 31, 2012, shall for all purposes of this Program be treated as a Frozen Participant from and after the Effective Date. 
		

		
			1.29Joint and Survivor Annuity.  “Joint and Survivor Annuity” means a joint and two-thirds survivor monthly annuity with a ten (10) year certain period that is the Actuarial Equivalent of an Annuity.  This annuity is payable during the joint lives of the Participant and his spouse, and a monthly annuity shall continue for the life of the survivor in an amount equal to two-thirds of the monthly amount provided during their joint lives.  Notwithstanding the above, during the ten (10) year certain period,  there shall be no reduction in the amount of such payment regardless of the death of either or both the Participant and his spouse.  
		

		
			1.30Management Incentive Plan or MIP.  “Management Incentive Plan” or “MIP” means the Sysco Corporation 2005 Management Incentive Plan, as amended and restated, and the Sysco Corporation 2009 Management Incentive Plan, as each may be amended from time to time, and any successor plans thereto.  
		

		
			1.31Management Savings Plan or MSP.  “Management Savings Plan” or “MSP” means the Sysco Corporation Management Savings Plan as it may be amended from time to time and any successor plan thereto. 
		

		
			1.32Minimum Vested Accrued Benefit.  “Minimum Vested Accrued Benefit” shall have the meaning set forth in Section 10.2(a) of this Program. 
		

		 

		

			 

		

		

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			1.33MIP Bonus.  “MIP Bonus” means all or a portion of the bonus payable to the Participant under the MIP, other than MIP Additional Bonuses (as defined in the MIP), or any amounts payable to the Participant as a substitute for or in lieu of such Participant’s MIP bonus for a fiscal year (but excluding any amounts paid as a substitute for or in lieu of such MIP bonus pursuant to a severance agreement or other arrangement providing for post-termination benefits, unless otherwise determined by the Compensation Committee).
		

		
			1.34Non-Participating Subsidiary.  “Non-Participating Subsidiary” means a Subsidiary that has not adopted this Program pursuant to Article IX of this Program.
		

		
			1.35Normal Retirement Date.  “Normal Retirement Date” shall have the meaning set forth in Section 4.1(e) of this Program.
		

		
			1.36Participant.  “Participant” means an employee of a Company who is eligible for and is participating in this Program and any other current or former employee of Sysco and its Subsidiaries who is entitled to a benefit under this Program. Unless otherwise specified herein, references to a Participant or Participants shall include both Active Participants and Frozen Participants.
		

		
			1.37Pension Plan.  “Pension Plan” means the Sysco Corporation Retirement Plan, a defined benefit plan qualified under Section 401(a) of the Code, and any U.S. tax-qualified defined benefit pension plan successor thereto.
		

		
			1.38Plan.  “Plan” means the Tenth Amended and Restated Sysco Corporation Supplemental Executive Retirement Plan, as it may be amended from time to time.  Unless otherwise specified herein, references herein to the Plan shall refer to the Supplemental Executive Retirement Plan only and not this Program.
		

		
			1.39Plan Year.  “Plan Year” means the period that 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. 
		

		
			1.40Program.  “Program” means this Third Amended and Restated Sysco Corporation MIP Retirement Program, which constitutes Appendix I to the Tenth Amended and Restated Sysco Corporation Supplemental Executive Retirement Plan, as it may be amended from time to time.
		

		
			1.41Retired Participant.  “Retired Participant” shall have the meaning set forth in Section 6.1(b) of this Program.
		

		
			1.42Retirement.  “Retirement” shall have the meaning set forth in Section 4.1(f) of this Program.
		

		
			1.43Retirement Benefit.  “Retirement Benefit” shall have the meaning set forth in Section 4.1(g) of this Program.
		

		
			1.44Section 125 Cafeteria Plan.  “Section 125 Cafeteria Plan” means the Sysco Corporation Pretax Premium and Reimbursement Account Plan, a “cafeteria plan” qualified under Section 125 of the Code, any successor plan thereto and any other such plan maintained by Sysco or a Subsidiary.
		

		
			1.45Section 409A.  “Section 409A” means Section 409A of the Code. References herein to “Section 409A” shall also include any regulatory and other interpretive guidance promulgated by the U.S. Treasury Department, including the U.S. Treasury Regulations, or the U.S. Internal Revenue Service under Section 409A of the Code. 
		

		
			1.46Securities Act.  “Securities Act” means the Securities Exchange Act of 1934, as amended from time to time.
		

		
			1.47Separation from Service.  “Separation from Service” means a “separation from service” within the meaning of Section 409A. A Participant shall have experienced a “separation from service” as a result of a 
		

		 

		

			 

		

		

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		termination of employment if the level of bona fide services performed by the Participant for Sysco or a Subsidiary decreases to a level equal to twenty-five percent (25%) or less of the average level of services performed by the Participant during the immediately preceding thirty-six (36) month period, taking into account any periods of performance excluded by Section 409A.  
		

		
			1.48Specified Employee.  “Specified Employee” means a “specified employee” as defined in Section 409A (a)(2)(B)(i) of the Code.  By way of clarification, a “specified employee” means a “key employee” (as defined in Section 416(i) of the Code, disregarding Section 416(i)(5) of the Code) of the Company.  A Participant shall be treated as a key employee if he meets the requirements of Section 416(i)(1)(A)(i), (ii), or (iii) of the Code (applied in accordance with the Treasury Regulations thereunder and disregarding Section 416(i)(5) of the Code) at any time during the twelve (12) month period ending on an Identification Date (as defined below).  If a Participant is a key employee as of an Identification Date, he shall be treated as a Specified Employee for the twelve (12) month period beginning on the first day of the fourth month following such Identification Date.  For purposes of any “Specified Employee” determination hereunder, the “Identification Date” shall mean December 31.  The Compensation Committee may in its discretion amend the Plan (including this Program) to change the Identification Date, provided that any change to the Plan’s (including this Program’s) Identification Date shall not take effect for at least twelve (12) months after the date of the Plan (including this Program) amendment authorizing such change. 
		

		
			1.49Subsidiary.  “Subsidiary” means (a) any corporation which is a member of a “controlled group of corporations” which includes Sysco, as defined in Section 414(b) of the Code, (b) any trade or business under “common control” with Sysco, as defined in Section 414(c) of the Code, (c) any organization which is a member of an “affiliated service group” which includes Sysco, as defined in Section 414(m) of the Code, (d) any other entity required to be aggregated with Sysco pursuant to Section 414(o) of the Code, and (e) any other organization or employment location designated as a “Subsidiary” by resolution of the Board of Directors. 
		

		
			1.50Sysco.  “Sysco” means Sysco Corporation, the sponsor of the Plan (including this Program).
		

		
			1.51Sysco Service.  “Sysco Service” means service with Sysco and its Subsidiaries (including pre-acquisition service) for which a Participant is awarded “credited service” under the Pension Plan for vesting purposes or would have been awarded credited service under the Pension Plan for vesting purposes if the Participant were covered under the Pension Plan.
		

		
			1.52Three-Year Final Average Compensation. “Three-Year Final Average Compensation” shall have the meaning set forth in Section 6.1(c) of this Program.
		

		
			1.53Total Payments.  “Total Payments” means all payments or benefits, including any accelerated vesting or payment of such benefits, received or to be received by a Participant in connection with a “change of control” (within the meaning of Section 280G of the Code) of Sysco under the terms of the Executive Retirement Plans or any other non-qualified deferred compensation arrangement sponsored by Sysco or any Subsidiary (or any company for which the Participant worked that was acquired by Sysco or a Subsidiary), and in connection with a change of control of Sysco under the terms of any stock incentive plan, mid-term or long-term incentive cash plan, or any other plan, arrangement or agreement with the Company, its successors, any person whose actions result in a change of control or any person affiliated with the Company or who as a result of the completion of transactions causing a change of control become affiliated with the Company within the meaning of Section 1504 of the Code, taken collectively.
		

		
			1.54Trust. “Trust” shall mean the trust established pursuant to the Trust Agreement.
		

		
			1.55Trust Agreement. “Trust Agreement” shall mean the Third Amended and Restated Grantor Trust under the Sysco Corporation Supplemental Executive Retirement Plan, as may be further amended and/or restated from time to time.
		

		
			1.56Trustee. “Trustee” shall mean the trustee as defined in the Trust Agreement.
		

		 

		

			 

		

		

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			1.57Vested Accrued Benefit.  “Vested Accrued Benefit” shall have the meaning set forth in Section 4.3 of this Program.
		

		
			1.58Vested Percentage.  “Vested Percentage” shall mean the Participant’s vested percentage determined in accordance with Article III of this Program.
		

		
			1.59Vested Separated Participant.  “Vested Separated Participant” shall have the meaning set forth in Section 6.1(d) of this Program.
		

		
			1.60Vested Separation.  “Vested Separation” shall have the meaning set forth in Section 4.1(h) of this Program.
		

		

		

		 

		

			 

		

		

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		ARTICLE II

ELIGIBILITY & CONTINUED PARTICIPATION
		

		
			2.1Eligibility.   Those individuals who were Participants in the Current Program as of December 31, 2012, shall be eligible to participate in this Program. 
		

		
			2.2Benefits upon Re-Employment.  If a Retired or Vested Separated Participant is subsequently re-employed by Sysco or an Affiliate, the re-employed Participant’s status shall remain that of a Retired or Vested Separated Participant for all purposes under this Program and distributions to such Participant shall commence as provided under Section 4.4 without regard to his re-employment or, in the case of a Retired or Vested Separated Participant who is receiving distributions from this Program as of his re-employment date, such payments shall continue unchanged during his period of re-employment.  
		

		

		

		 

		

			 

		

		

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		ARTICLE III

VESTING
		

		
			Subject to Section 7.5, effective as of December 31, 2012, all Active Participants and Frozen Participants shall be 100% vested in their Accrued Benefit. If a Participant’s Vested Percentage is reduced by reason of Section 7.5, no additional vesting credit shall be awarded to such Participant under this Program.
		

		

		

		 

		

			 

		

		

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		ARTICLE IV

ACCRUED BENEFIT & RETIREMENT BENEFIT
		

		
			4.1Definitions.  The following definitions are used in this Article IV:
		

		
			(a)        Annual Compensation Limit.  “Annual Compensation Limit” means the annual compensation limit under Section 401(a)(17) of the Code and as described under Sections 1.06(d) and (e) of the Pension Plan.
		

		
			(b)        Compensation.  “Compensation” means the following:
		

		
			(i)        For a calendar year prior to the calendar year in which a Participant first becomes a MIP participant, the Participant’s “eligible earnings,” as such term is defined in the Pension Plan without regard to the Annual Compensation Limit. 
		

		
			(ii)        For a calendar year during which the Participant was, at any time, a MIP participant, the sum of the Participant’s:
		

		
			(A)        base salary actually paid to the Participant during such calendar year, and  including any base salary deferred under any of the following: (x) the 401(k) Plan, (y) the Section 125 Cafeteria Plan, and (z) the EDCP; and
		

		
			(B)        the MIP Bonus earned by the Participant with respect to the fiscal year of Sysco ending in any such calendar year, without regard to whether or not such MIP Bonus was deferred under the EDCP; provided, however, the amount of the MIP Bonus included as Compensation for any calendar year shall not exceed 150% of the Participant’s rate of base salary in effect on the last day of the fiscal year for which such MIP Bonus was payable.
		

		
			(iii)        Notwithstanding the foregoing, Compensation shall be disregarded, as applicable, for periods:
		

		
			(A)        prior to July 2, 1989; 
		

		
			(B)        after December 31, 2012;
		

		
			(C)        prior to the Participant’s first date of hire by Sysco or its Subsidiaries or, if later, the date of acquisition by Sysco of a Subsidiary for which the Participant then worked;
		

		
			(D)        during which a Participant was a Frozen Participant; and
		

		
			(E)        for which Sysco Service was forfeited under the Pension Plan following a period of severance.
		

		
			(c)        Eligible Earnings.  “Eligible Earnings” means the aggregate of the excess of a Participant’s Compensation for each calendar year during the period such Participant was accruing benefits under this Program over the Annual Compensation Limit with respect to each such calendar year; provided, however, such Annual Compensation Limit shall be ignored for periods during which the Participant did not accrue benefits under the Pension Plan and provided, further, the Annual Compensation Limit shall be prorated for any short plan year under the Pension Plan.
		

		
			(d)        Benefit Commencement Date.  “Benefit Commencement Date” means the first day of the month coinciding with or next following the date determined as follows: (i) if the Participant has at least ten (10) 
		

		 

		

			 

		

		

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		years of Sysco Service as of the Participant’s actual Retirement or Vested Separation date, the later of age fifty-five (55) or the Participant’s actual Retirement or Vested Separation date; or (ii) the later of age sixty-five (65) or the Participant’s actual Retirement or Vested Separation date.  If a Participant’s Benefit Commencement Date is other than the first day of the month coinciding with or next following the Participant’s actual Retirement or Vested Separation date such Participant’s Retirement Benefit shall be referred to herein as a “Deferred Retirement Benefit.”
		

		
			(e)        Normal Retirement Date.  “Normal Retirement Date” means the first day of the month coincident with or next following the Participant’s sixty-fifth (65th) birthday or actual Retirement date, whichever is later.
		

		
			(f)        Retirement.  “Retirement” means the Participant’s Separation from Service from Sysco or its Subsidiaries other than for death, provided that at the time of such Separation from Service, the Participant is (i) at least age fifty-five (55) and has at least ten (10) years of Sysco Service; or (ii) at least age sixty-five (65).
		

		
			(g)        Retirement Benefit.  “Retirement Benefit” means the benefit paid to a Participant, at the time(s) and in the amount determined under this Article IV, as a result of a Participant’s Retirement or Vested Separation.
		

		
			(h)        Vested Separation.  “Vested Separation” means the Participant’s Separation from Service from Sysco or its Subsidiaries, other than upon Retirement or death, if, at the time of the Participant’s Separation from Service the Participant has a Vested Accrued Benefit.
		

		
			4.2Accrued Benefit.  “Accrued Benefit” means, as of the Determination Date, a monthly benefit payable as of the Participant’s Normal Retirement Date equal to (a) one and one-half percent (1.5%) times the Participant’s Eligible Earnings, divided by (b) twelve (12).
		

		
			4.3Vested Accrued Benefit.  “Vested Accrued Benefit” means, as of the Determination Date, the Participant’s Vested Percentage multiplied by his Accrued Benefit. 
		

		
			4.4Retirement Benefit.  Subject to Sections 4.6 and 4.7, a Participant shall be entitled to his Vested Accrued Benefit commencing on his Benefit Commencement Date; provided, however, the Vested Accrued Benefit will be reduced by 5/9ths of one percent (1%) for each of the first sixty (60) calendar months and 5/18ths of one percent (1%) for each of the next sixty (60) calendar months by which the Benefit Commencement Date precedes the Participant’s Normal Retirement Date. 
		

		
			4.5Form of Payment.  If, at the time a Participant first became eligible to participate in the Program, the Participant was: (i) not married, the Retirement Benefit will be paid in the form of an Annuity; or (ii) married, the Retirement Benefit will be paid in the form of a Joint and Survivor Annuity which is Actuarially Equivalent to the Annuity.  Notwithstanding the foregoing, at any time after a Participant’s Separation from Service but prior to the time the first monthly annuity payment has been made to the Participant under this Program, the Administrative Committee may change the form of payment of a Participant’s Retirement Benefit between an Annuity and a Joint and Survivor Annuity based upon the marital status of such Participant as of the date of such change, and such change shall become immediately effective; provided that such change shall become effective only if the Administrative Committee determines that the Annuity and Joint and Survivor Annuity are “actuarially equivalent life annuities” within the meaning of Section 409A. 
		

		
			4.6Administrative Delay.  Except as required under Section 4.7, payment of the Participant’s Retirement Benefit under Section 4.4 shall begin on the Benefit Commencement Date or the first day of the month as soon as administratively practicable thereafter but in no event later than the last day of the taxable year in which the Benefit Commencement Date occurs, or if later within two and one-half (21⁄2) months of the Benefit Commencement Date, unless an exception under Section 409A applies.  The aggregate amount of any delayed payments, without interest, shall be paid to the Participant on such delayed commencement date.
		

		
			4.7Delay of Payments under Section 409A of the Code.  Notwithstanding anything to the contrary contained herein, the distribution of a Retirement Benefit under Section 4.4 to a Participant who is a Specified 
		

		 

		

			 

		

		

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		Employee shall not commence earlier than the date that is six (6) months after the date of such Participant’s Retirement or Vested Separation if such earlier commencement would result in the imposition of the excise tax under Section 409A.  If distributions to a Participant are so delayed, such distributions shall commence at the later of (a) the first day of the month coincident with or next following the date that is six (6) months after the Participant’s Retirement or Vested Separation; or (b) the Participant’s Benefit Commencement Date.  If a Participant’s distributions are delayed by reason of clause (a), above, the aggregate amount of any such delayed payments, together with interest on such delayed payments (calculated using the interest rate used for determining Actuarial Equivalence), shall be paid to the Participant on such delayed commencement date.
		

		

		

		 

		

			 

		

		

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		ARTICLE V

FROZEN PARTICIPATION
		

		
			5.1In General.  This Article V provides special rules that apply to a Participant who is a Frozen Participant.  To the extent that this Article V or other provisions of this Program do not otherwise specify, such Participant shall be treated as any other Participant to the extent necessary to implement this Article V.
		

		
			5.2Frozen Participation.
		

		
			(a)        Sysco Service and Age Credit.  During the period of time during which his participation is frozen, a Frozen Participant shall continue to be awarded Sysco Service and age credit.
		

		
			(b)        Eligible Earnings.  A Participant’s Compensation during the period that such Participant was a Frozen Participant shall not be included in the calculation of such Participant’s Eligible Earnings.
		

		

		

		 

		

			 

		

		

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		ARTICLE VI

DEATH BENEFIT
		

		
			6.1Definitions.  The following definitions are used in this Article VI:
		

		
			(a)        Death Benefit Eligible Earnings. “Death Benefit Eligible Earnings” for a Plan Year shall mean the sum of (i) the annual rate of the Participant’s base salary as of his last day of employment during the applicable Plan Year, and (ii) the cash bonus earned by the Participant under the MIP, other than MIP Additional Bonuses (as defined in the MIP), with respect to such Plan Year, without regard to whether or not such MIP bonus was deferred under the EDCP. 
		

		
			(b)        Retired Participant.  “Retired Participant” means a Participant (i) whose Benefit Commencement Date has occurred but who has not yet received his first benefit payment hereunder or (ii) who is receiving benefit payments hereunder.
		

		
			(c)        Three-Year Final Average Compensation. “Three-Year Final Average Compensation” means the annual average of the Participant’s Death Benefit Eligible Earnings for the three (3) Plan Years (excluding those Plan Years in which the Participant does not have any Death Benefit Eligible Earnings) ending immediately before June 30, 2013.  Unless otherwise provided herein, the Plan Year in which the Participant was originally hired shall be disregarded if he was hired after the first business day of such Plan Year.  Similarly, the Plan Year in which death occurs shall be disregarded if death occurs before the last business day of such Plan Year.  If the Participant does not have three (3) Plan Years of Death Benefit Eligible Earnings, the Participant’s Three-Year Final Average Compensation shall be based on the annual average of Death Benefit Eligible Earnings for the available Plan Years ending immediately before June 30, 2013.  If all Plan Years have been excluded (i.e. there are no “available” Plan Years), Three-Year Final Average Compensation shall mean the Participant’s Death Benefit Eligible Earnings in the Plan Year ending June 29, 2013.
		

		
			(d)        Vested Separated Participant. “Vested Separated Participant” means a Participant who is entitled to a Deferred Retirement Benefit and whose Benefit Commencement Date has not occurred.
		

		
			6.2Death of an Active Participant.  If an Active Participant dies while in the employ of Sysco or a Subsidiary, such Participant’s spouse or other Beneficiary shall be entitled to a monthly annuity payable for life with a ten (10) year certain period commencing on the first day of the month coincident with or next following the Participant’s death.   Such monthly annuity shall be Actuarially Equivalent to the greater of the Actuarially Equivalent single-sum value of: (i) an annual payment equal to 25% of the Participant’s Three-Year Final Average Compensation payable for ten (10) years certain, or (ii) the Participant’s Vested Accrued Benefit as of his date of death, reduced for the period by which the first payment of the death benefit precedes the Participant’s Normal Retirement Date by 5/9ths of one percent (1%) for each of the first sixty (60) calendar months, 5/18ths of one percent (1%) for each of the next sixty (60) calendar months and actuarially thereafter (using the assumptions for Actuarial Equivalence).
		

		
			6.3Death of Frozen Participant.  If a Frozen Participant dies while in the employ of Sysco or a Subsidiary, the Frozen Participant’s spouse or other Beneficiary shall be entitled to a monthly annuity payable for life with a ten (10) year certain period commencing on the first day of the month coincident with or next following the Frozen Participant’s death.  Such monthly annuity shall be Actuarially Equivalent to the single sum value of the survivor’s benefit that would have been payable to the Participant’s spouse or other Beneficiary if the Participant had begun receiving a hypothetical retirement benefit on his date of death.  The amount of such hypothetical retirement benefit shall equal the Participant’s Vested Accrued Benefit as of his date of death, reduced, for the period by which the first payment of the death benefit precedes the Participant’s Normal Retirement Date, by 5/9ths of one percent (1%) for each of the first sixty (60) calendar months, 5/18ths of one percent (1%) for each of the next sixty (60) calendar months and actuarially thereafter (using the assumptions for Actuarial Equivalence), adjusted, as applicable, to take into account the form of payment of such Participant’s Retirement Benefit under Section 4.5 of this Program. For purposes of determining the amount of the survivor’s benefit under this Section 6.3, if a Participant’s Retirement Benefit was to be paid in the form of a Joint and Survivor Annuity, and the Participant 
		

		 

		

			 

		

		

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		designated a Beneficiary other than his spouse, his Beneficiary shall be substituted for the Participant’s “spouse” for purposes of conversion to a Joint and Survivor Annuity. 
		

		
			6.4Death of Vested Separated Participant. Upon the death of a Vested Separated Participant such Participant’s spouse or other Beneficiary shall be entitled to a monthly annuity payable for life with a ten (10) year certain period commencing on the first day of the month coincident with or next following the Participant’s death.  Such monthly annuity shall be Actuarially Equivalent to the single sum value of the survivor’s benefit that would have been payable to the Participant’s spouse or other Beneficiary if the Participant had begun receiving a hypothetical retirement benefit on his date of death.  The amount of such hypothetical retirement benefit shall equal the Participant’s Vested Accrued Benefit as of his Retirement or Vested Separation date, reduced, for the period by which the first payment of the death benefit precedes the Participant’s Normal Retirement Date, by 5/9ths of one percent (1%) for each of the first sixty (60) calendar months, 5/18ths of one percent (1%) for each of the next sixty (60) calendar months and actuarially thereafter (using the assumptions for Actuarial Equivalence), adjusted, as applicable, to take into account the form of payment of such Participant’s Retirement Benefit under Section 4.5 of this Program. For purposes of determining the amount of the survivor’s benefit under this Section 6.4, if a Participant’s Retirement Benefit was to be paid in the form of a Joint and Survivor Annuity, and the Participant designated a Beneficiary other than his spouse, his Beneficiary shall be substituted for the Participant’s “spouse” for purposes of conversion to a Joint and Survivor Annuity.
		

		
			6.5Death of Retired Participant before or after Commencement of Benefits.  If a Retired Participant (a) dies before benefit payments begin or (b) dies after benefit payments begin, any death benefit that may be payable hereunder is a function of the form of payment applicable to such Retired Participant (“Joint and Survivor Annuity” or “Annuity” as provided under Section 4.5 of this Program), as described below: 
		

		
			 
		

		
			 
		

		
			(a)        Joint and Survivor Annuity.  
		

		
			(i)        Death of Participant or Spouse during Ten (10) Year Certain Period.  If either the Participant or his spouse (but not both) dies before the first benefit payment or during the ten (10) year certain period following the Benefit Commencement Date, the benefit amount payable during their joint lives shall be paid to the survivor for the balance of the ten (10) year certain period and then two-thirds (2/3rds) of that amount shall be paid to the survivor for life. 
		

		
			(ii)        Death of Both Participant and Spouse during Ten (10) Year Certain Period.  If both the Participant and his spouse die before the first benefit payment or during the ten (10) year certain period following the Benefit Commencement Date, the benefit amount payable during their joint lives shall be paid to the Participant’s Beneficiary for the balance of the ten (10) year certain period. 
		

		
			(iii)        Cessation of Benefits.  No further benefits are payable after the later of (A) the deaths of the Participant and his spouse or (B) the end of the ten (10) year certain period. 
		

		
			(iv)        Spouse.  For purposes of this Section 6.5(a), “spouse” refers to the Participant’s spouse whose birth date was used in the calculation of the Joint and Survivor Annuity, even if the Participant is married to a different individual at the time of the Participant’s death. 
		

		
			(b)        Annuity.  
		

		
			(i)        Death of Participant during Ten (10) Year Certain Period.  If the Participant dies before the first benefit payment or during the ten (10) year certain period following the Benefit Commencement Date, the benefit amount shall be paid to the Participant’s Beneficiary for the balance of the ten (10) year certain period. 
		

		 

		

			 

		

		

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			(ii)        Cessation of Benefits.  No further benefits are payable after the later of (a) the death of the Participant or (b) the end of the ten (10) year certain period. 
		

		
			6.6Administrative Delay.  Death benefits shall commence as of the date set forth in this Article VI or the first day of the month as soon as administratively practicable thereafter but in any event within ninety (90) days of the Participant’s death.  The aggregate amount of any such delayed payments, without interest on such delayed payments, shall be paid to the Beneficiary on such delayed commencement date.    
		

		
			6.7Beneficiary Designation for Ten (10) Year Certain Period.  A Beneficiary designation shall be effective upon receipt by the Administrative Committee of a properly executed form which the Administrative Committee has approved for that purpose, and shall remain in force until revoked or changed by the Participant.  The Participant may, prior to the commencement of benefits under the Plan, from time to time, revoke or change any designation of Beneficiary by filing another approved Beneficiary designation form with the Administrative Committee.  
		

		
			(a)        Upon entering the Plan, each Participant shall file with the Administrative Committee a designation of one or more Beneficiaries to whom the death benefit provided by Sections 6.2, 6.3, 6.4 and 6.5 of this Program shall be payable.  Any Beneficiary designation by a married Participant who designates any person or entity other than the Participant’s spouse shall be ineffective unless the Participant’s spouse has indicated consent by completing and signing the applicable spousal consent section of the approved Beneficiary designation form.
		

		
			(b)        Upon Retirement or Vested Separation and prior to commencement of benefits under Article IV of this Program, the Participant shall designate one or more Beneficiaries to receive the remaining period certain payments, which designation shall be made and modified in accordance with the procedures set forth in this Section 6.8.  If the Participant does not designate one or more Beneficiaries to receive the remaining period certain payments, the Beneficiaries designated by the Participant upon entering the Plan shall be the Participant’s Beneficiaries for purposes of the remaining period certain payments.  A spouse of a Participant may not change the Beneficiaries designated by the Participant, including the Beneficiaries to whom the remaining period certain payments may be paid.  Notwithstanding the preceding sentences of this Section 6.8(b), in the case of a Joint and Survivor Annuity, a Beneficiary designation shall have no effect unless (i) the Participant and the Participant’s spouse both die during the ten (10) year certain period and (ii) if the Participant dies during the ten (10) year certain period and the Beneficiaries designated by the Participant have predeceased the Participant or, in the case of an entity, otherwise ceased to exist, the Participant’s surviving spouse who is receiving the survivor benefit under the Joint and Survivor Annuity may designate the Beneficiaries to receive any remaining guaranteed payments if the spouse should die during the ten (10) year certain period.
		

		
			(c)        If there is no valid Beneficiary designation on file with the Administrative 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 shall be the Participant’s spouse, if the spouse survives the Participant, or otherwise the Participant’s estate.  A Beneficiary who is an individual shall be deemed to have predeceased the Participant if the Beneficiary dies within thirty (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 payments due under this Article VI, the balance of the payments that would have been paid to that Beneficiary shall, unless the Participant’s Beneficiary designation provides otherwise, be distributed to the deceased individual 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. 
		

		

		

		 

		

			 

		

		

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			ARTICLE VII

PROVISIONS RELATING TO ALL BENEFITS
		

		
			7.1Effect of this Article.  The provisions of this Article shall control over all other provisions of the Plan (including this Program).
		

		
			7.2Termination of Employment.  A Participant’s termination of employment for any reason prior to the Participant’s vesting under Article III of this Program shall cause the Participant and all his Beneficiaries to forfeit all interests in and under this Program, other than any death benefit payable to such Participant’s Beneficiaries under Article VI of this Program. 
		

		
			7.3Forfeiture for Cause.
		

		
			(a)        Forfeiture on Account of Discharge. If the Administrative Committee finds, after full consideration of the facts presented on behalf of Sysco or a Subsidiary and a former Participant, that the Participant was discharged by Sysco or a Subsidiary for: (i) fraud, (ii) embezzlement, (iii) theft, (iv) commission of a felony, (v) proven dishonesty in the course of his employment by Sysco or a Subsidiary which damaged Sysco or a Subsidiary, or (vi) disclosing trade secrets of Sysco or a Subsidiary ((i) through (vi) individually and collectively referred to as a “For Cause Event”), the entire Vested Accrued Benefit of the Participant and/or his Beneficiaries shall be forfeited.  
		

		
			(b)        Forfeiture after Commencement of Benefits. If the Administrative Committee finds, after full consideration of the facts presented on behalf of Sysco or a Subsidiary and the former Participant, that a former Participant who has begun receiving benefits under the Plan (including this Program) engaged in a For Cause Event during his employment with Sysco or a Subsidiary (even though the Participant was not discharged from Sysco or the Subsidiary for such a For Cause Event), the former Participant’s and/or Beneficiaries’ remaining benefit payments under the Plan (including this Program) shall be forfeited.  
		

		
			(c)        Administrative Committee Discretion.  The decision of the Administrative Committee as to the existence of a For Cause Event shall be final.  No decision of the Administrative Committee shall affect the finality of the discharge of the Participant by Sysco or the Subsidiary in any manner.
		

		
			(d)        Special Rule for Change of Control. Notwithstanding the above, the forfeitures created by Sections 7.3(a) and 7.3(b) above shall not apply to a Participant or former Participant who: (i) is discharged during the Plan Year in which a Change of Control occurs, or during the next three (3) succeeding Plan Years following the Plan Year in which a Change of Controls occurs (the “Change of Control Period”) or (ii) during the Change of Control Period is determined by the Administrative Committee to have engaged in a For Cause Event, unless a court reviewing the Administrative Committee’s findings agrees with the Administrative Committee’s determination to apply the forfeiture.
		

		
			7.4Forfeiture for Competition.  If, at the time a distribution is being made or is to be made to a Participant, the Administrative Committee finds, after full consideration of the facts presented on behalf of Sysco or a Subsidiary and the Participant, that the Participant has engaged in any of the conduct set forth in this Section 7.4, the entire benefit remaining to be paid to the Participant and/or his Beneficiaries shall be forfeited, even though it may have been previously vested under any portion of the Plan (including this Program); provided, however, that this Section 7.4 shall not apply to any Participant whose termination of employment from Sysco or a Subsidiary occurs during a Change of Control Period.  A forfeiture shall occur if, at any time after his termination of employment from Sysco or a Subsidiary and while any remaining benefit is to be paid to the Participant and/or his Beneficiaries under the Plan (including this Program), and without written consent of Sysco’s Chief Executive Officer or General Counsel, the Participant: 
		

		
			(a)        either directly or indirectly owns, operates, manages, controls, or participates in the ownership, management, operation, or control of, or is employed by, or is paid as a consultant or other independent contractor by, a business which competes with any aspect of the business of Sysco or a Subsidiary by which he was formerly employed (as the scope of Sysco’s or such Subsidiary’s business is defined as of the date of Participant’s 
		

		 

		

			 

		

		

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		termination of employment) in a trade area served by Sysco or the Subsidiary and in which the Participant directly or indirectly represented Sysco or the Subsidiary while employed by it; and the Participant continues to be so engaged ten (10) days after written notice has been given to him by or on behalf of Sysco or the Subsidiary; 
		

		
			(b)        either directly or indirectly owns, operates, manages, controls, or participates in the ownership, management, operation, or control of, or is employed by, or is paid as a consultant or other independent contractor by, a customer or supplier of Sysco or a Subsidiary by which he was formerly employed and with whom the Participant dealt, either directly or indirectly through the supervision of others, on behalf of Sysco or a Subsidiary by which he was formerly employed; and the Participant continues to be so engaged ten (10) days after written notice has been given to him by or on behalf of Sysco or the Subsidiary;
		

		
			(c)        on behalf of a business which competes with Sysco or a Subsidiary by which he was formerly employed, directly or indirectly markets, solicits or sells to any actual or prospective customer of Sysco or a Subsidiary by which he was formerly employed and with whom the Participant dealt, either directly or indirectly through the supervision of others, on behalf of Sysco or the Subsidiary by which he was formerly employed;  
		

		
			(d)        on behalf of a business which competes with Sysco or a Subsidiary by which he was formerly employed, directly or indirectly markets to, solicits or buys from any supplier of Sysco or a Subsidiary by which he was formerly employed and with whom the Participant dealt, either directly or indirectly through the supervision of others, on behalf of Sysco or the Subsidiary by which he was formerly employed;  
		

		
			(e)        on behalf of a business which competes with Sysco or a Subsidiary by which he was formerly employed, directly or indirectly solicits, offers employment to, hires or otherwise enters into a consulting relationship with any employee of Sysco or any Subsidiary;
		

		
			(f)        either (i) fails to return to Sysco or the Subsidiary by which he was formerly employed, within ten (10) days of any request issued to the Participant, any and all trade secrets or confidential information or any portion thereof and all materials relating thereto in his possession, or (ii) fails to hold in confidence or reproduces, distributes, transmits, reverse engineers, decompiles, disassembles, or transfers, directly or indirectly, in any form, by any means, or for any purpose, any Sysco or Subsidiary trade secrets or confidential information or any portion thereof or any materials relating thereto; or
		

		
			(g)        makes any disparaging comments or accusations detrimental to the reputation, business, or business relationships of Sysco (as reasonably determined by Sysco or a Subsidiary), and the Participant fails to retract such comments or accusations within sixty (60) days after written notice demanding such retraction has been provided to him by or on behalf of Sysco or the Subsidiary.
		

		
			7.5Restrictions on any Portion of Total Payments Determined to be Excess Parachute Payments.  If any payment or benefit received or to be received by a Participant in connection with a “change of control” (as defined in Section 280G of the Code and the Treasury Regulations thereunder) of Sysco would either (i) result in such payment or benefit not being deductible, whether in whole or in part, by Sysco or any Subsidiary, as a result of Section 280G of the Code, and/or (ii) result in the Participant being subject to the excise tax imposed under Section 4999 of the Code, then the benefits payable under the Executive Retirement Plans shall be reduced until no portion of the Total Payments is not deductible as a result of Section 280G of the Code (and/or not subject to the excise tax imposed under Section 4999 of the Code) or the benefits payable under the Executive Retirement Plans have been reduced to zero.  If a Participant is entitled to a benefit under more than one (1) of the Executive Retirement Plans, then the reduction shall be applied in the order determined by the Administrative Committee in its sole discretion.  The reduction in benefits payable under this Program, if any, shall be determined by reducing the Vested Percentage of the Participant’s Vested Accrued Benefit. In determining the amount of the reduction, if any, under this Program: (a) no portion of the Total Payments which the Participant has waived in writing prior to the date of the payment of benefits under this Plan shall be taken into account, (b) no portion of the Total Payments which tax counsel, selected by Sysco’s independent auditors and reasonably acceptable to the Participant (“Tax Counsel”), determines not to constitute a “parachute payment” within the meaning of Section 280G(b)(2) of the Code shall be taken into account (including, without limitation, amounts not treated as a “parachute payment” as a result of the application of Section 280G(b)(4)(A)), (c) no portion of the Total Payments which Tax Counsel, determines to be reasonable compensation for services rendered within the meaning of Section 280G(b)(4)(B) of the Code will be treated as an “excess 
		

		 

		

			 

		

		

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		parachute payment” in the manner provided by Section 280G(b)(4)(B), and (d) the value of any non-cash benefit or any deferred payment or benefit included in the Total Payments shall be determined by Sysco’s independent auditors in accordance with Sections 280G(d)(3) and (4) of the Code. Notwithstanding anything herein or otherwise to the contrary, the Compensation Committee, may, within its sole discretion and pursuant to an agreement approved by the Compensation Committee, waive application of this Section 7.5, when it determines that specific situations warrant such action.
		

		
			7.6Claims Procedure.  Any person who believes that he or she is being denied a benefit to which he or she is entitled under the Plan (including this Program) (referred to hereinafter as a “Claimant”) must file a written request for such benefit with the Administrative Committee; provided, however, that any claim involving entitlement to, the amount of or the method or timing of payment of a benefit affected by a Change of Control shall be governed by Section 8.3(d)(i) of this Program.  Such written request must set forth the Claimant’s claim and must be addressed to the Administrative Committee at the Company’s principal office. 
		

		
			(a)        Initial Claims Decision.  The Administrative Committee shall generally provide written notice to the Claimant of its decision within ninety (90) days  after the claim is filed with the Administrative Committee; provided, however, that the Administrative Committee may have up to an additional ninety (90) days  to decide the claim, if the Administrative Committee determines that special circumstances require an extension of time to decide the claim, and the Administrative Committee advises the Claimant in writing of the need for an extension (including an explanation of the special circumstances requiring the extension) and the date on which it expects to decide the claim.  
		

		
			(b)        Appeals.  A Claimant may appeal the Administrative Committee’s decision by submitting a written request for review to the Administrative Committee within sixty (60) days after the earlier of receiving the denial notice or after expiration of the initial review period.  Such written request must be addressed to the Administrative Committee at the Company’s principal office.  In connection with such request, the Claimant (and his or her authorized representative, if any) may review any pertinent documents upon which the denial was based and may submit issues and comments in writing for consideration by the Administrative Committee.  If the Claimant’s request for review is not received within the earlier of sixty (60) days after receipt of the denial or after expiration of the initial review period, the denial shall be final, and the Claimant shall be barred and estopped from challenging the Administrative Committee’s determination.   
		

		
			(c)        Decision Following Appeal.  The Administrative Committee shall generally make its decision on the Claimant’s appeal in writing within sixty (60) days following its receipt of the Claimant’s request for appeal; provided, however, that the Administrative Committee may have up to an additional sixty (60) days to decide the claim, if the Administrative Committee determines that special circumstances require an extension of time to decide the claim and the Administrative Committee advises the Claimant in writing of the need for an extension (including an explanation of the special circumstances requiring the extension) and the date on which it expects to decide the claim.  The Administrative Committee shall notify the Claimant of its decision on the Claimant’s appeal in writing, regardless of whether the decision is adverse.  
		

		
			(d)        Decisions Final; Procedures Mandatory.  A decision on appeal by the Administrative Committee shall be binding and conclusive upon all persons, and completion of the claims procedures described in this Section 7.6 shall be a mandatory precondition to commencement of any court proceeding brought in connection with the Plan (including this Program) by a person claiming rights under the Plan (including this Program) or by another person claiming rights through such a person. Notwithstanding the preceding sentence, the Administrative Committee may, in its sole discretion, waive the procedures described in Sections 7.6(a) through 7.6(c) of this Program as a mandatory precondition to such an action.
		

		
			7.7        Compensation Committee Decisions.  Notwithstanding anything in the Plan (including this Program) to the contrary, any determination made with respect to the benefits or rights of an Executive Officer under this Program shall not be made by the Administrative Committee but shall instead be made by the Compensation Committee, and each provision of the Plan (including this Program) otherwise governing such a determination shall be interpreted and construed to substitute the Compensation Committee for the Administrative Committee in such provision.
		

		 

		

			 

		

		

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			ARTICLE VIII

ADMINISTRATION
		

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

		
			8.2Administrative Committee Organization and Voting.  The organizational structure and voting responsibilities of the Administrative Committee shall be as set forth in the bylaws of the Administrative Committee.
		

		
			8.3Powers of the Administrative Committee.  Except as otherwise provided in Section 7.7 of this Program and unless such power is otherwise reserved by the Compensation Committee herein, the Administrative Committee shall have the exclusive responsibility for the general administration of the Plan (including this Program) according to the terms and provisions of the Plan (including this Program) and shall 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 (including this Program);
		

		
			(b)        to construe, interpret and apply all terms, provisions, conditions and limitations of the Plan (including this Program);
		

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

		
			(d)        subject to Section 7.3(d), to resolve all controversies relating to the administration of the Plan (including this Program), including but not limited to:
		

		
			(i)        differences of opinion arising between the Company and a Participant in accordance with Sections 7.6(a) through 7.6(c) of this Program, 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, such difference of opinion shall be decided by judicial action; and
		

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

		
			(e)        to delegate by written notice any plan administration duties of the Administrative Committee to such individual members of the Administrative Committee, individual employees of the Company, or groups of employees of the Company, as the Administrative Committee determines to be necessary or advisable to properly administer the Plan (including this Program).  
		

		
			8.4Committee Discretion.  The Administrative Committee (or, as applicable, the Compensation Committee), in exercising any power or authority granted under this Plan (including the Program), or in making any determination under this Plan (including this Program), shall perform or refrain from performing those acts pursuant to such authority using its sole discretion and judgment.  By way of amplification, and without limiting the foregoing, the Company specifically intends that the Administrative Committee (or, as applicable, the Compensation Committee) have the greatest possible discretionary authority to construe, interpret and apply the terms of the Plan (including this Program) and to determine all questions concerning eligibility, participation and benefits. Any  decision made by the Administrative Committee (or, as applicable, the Compensation Committee) or any refraining to act or any act taken by the Administrative Committee (or, as applicable, the Compensation Committee) in good faith shall be final and binding on all parties, subject to the provisions of Sections 7.6(a) through 7.6(c) of this 
		

		 

		

			 

		

		

			21

		

		

			 

		

 

		

			 

		

		Program.  The Administrative Committee’s (or, as applicable, the Compensation Committee’s) decisions shall never be subject to de novo review. Notwithstanding the foregoing, the Administrative Committee’s (or, as applicable, the Compensation Committee’s) decisions, refraining to act or acting is to be subject to judicial review for those incidents occurring during the Change of Control Period.
		

		
			8.5Reimbursement of Expenses.  The Administrative Committee shall serve without compensation for their services but shall be reimbursed by Sysco for all expenses properly and actually incurred in the performance of their duties under the Plan (including this Program).
		

		
			8.6Indemnification.  To the extent permitted by law, members of the Board of Directors, members of the Compensation Committee, members of the Administrative Committee, employees of the Company, and all agents and representatives of the Company shall be indemnified by the Company, and saved harmless against any claims resulting from any action or conduct relating to the administration of the Plan (including this Program), except claims arising from gross negligence, willful neglect or willful misconduct.
		

		

		

		 

		

			 

		

		

			22

		

		

			 

		

 

		

			 

		

		
		

		
			ADOPTION BY SUBSIDIARIES
		

		
			9.1Procedure for and Status after Adoption.  Any Subsidiary may, with the approval of the Administrative Committee, adopt this Program by appropriate action of its board of directors.  The terms of this Program shall apply separately to each Subsidiary adopting this Program and its Participants in the same manner as is expressly provided for by Sysco and its Participants except that the powers of the Board of Directors, the Compensation Committee and the Administrative Committee under this Program shall be exercised by the Board of Directors, the Compensation Committee, or the Administrative Committee, as applicable. Sysco and each Subsidiary adopting this Program shall bear the cost of providing Program benefits for its own Participants.  Sysco shall initially pay the costs of the Program each Plan Year.  However, each adopting Subsidiary shall then be billed back for the actuarially determined costs pertaining to it in accordance with the appropriate Financial Accounting Standards Board pronouncements.  It is intended that the obligation of Sysco and each Subsidiary with respect to its Participants shall be the sole obligation of the Company that is employing the Participant and shall not bind any other Company.
		

		
			9.2Termination of Participation by Adopting Subsidiary.  Any Subsidiary adopting this Program may, by appropriate action of its board of directors, terminate its participation in this Program.  The Administrative Committee may, in its sole discretion, also terminate a Subsidiary’s participation in this Program at any time.  The termination of the participation in this Program by a Subsidiary shall not, however, affect the rights of any Participant who is working or has worked for the Subsidiary as to benefits previously accrued by the Participant under this Program without his consent.
		

		

		

		 

		

			 

		

		

			23

		

		

			 

		

 

		

			 

		

		
		

		
			ARTICLE X
		

		
			AMENDMENT AND/OR TERMINATION
		

		
			10.1Amendment or Termination of this Program.  The Compensation Committee may amend or terminate this Program at any time by an instrument in writing without the consent of any adopting Company. 
		

		
			10.2No Retroactive Effect on Awarded Benefits.  
		

		
			(a)        General Rule.  Absent a Participant’s prior consent, no amendment to this Program shall affect the rights of such Participant to his Vested Accrued Benefit as of the date of such amendment (“Minimum Vested Accrued Benefit”) or shall change such Participant’s rights under any provision relating to a Change of Control after a Change of Control has occurred.  
		

		
			(b)        Determination of Minimum Vested Accrued Benefit.  For purposes of calculating a Participant's Minimum Vested Accrued Benefit as of the date of an amendment to this Program:
		

		
			(i)        The Determination Date of the Vested Accrued Benefit under Section 4.3 of this Program shall be December 31, 2012 with the exception of the Vested Percentage, which shall be determined as of the date of the amendment.
		

		
			(ii)        On and after the effective date of such amendment, for purposes of the Benefit Commencement Date under Section 4.1(c) of this Program, a Participant shall continue to be awarded years of Sysco Service and age credit until such Participant’s termination of employment with Sysco and its Subsidiaries.
		

		
			(c)        Benefits on or after the Amendment.  Notwithstanding the provisions of this Section 10.2, the Compensation Committee retains the right at any time to (i) change in any manner or to discontinue the death benefit provided in Article VI of this Program, except during the four (4) year period following a Change of Control for those persons who at that time were covered by the death benefit, and (ii) to change in any manner the benefit under Article IV of this Program, provided such benefit is not less than the Minimum Vested Accrued Benefit as of the date of any such amendment. 
		

		
			10.3Effect of Termination.  Upon termination of this Program, the following provisions shall apply:
		

		
			(a)        The Compensation Committee may, in its sole discretion, authorize distributions to Participants as a result of this Program’s termination, provided all of the following conditions are satisfied:
		

		
			(i)        All deferred compensation arrangements sponsored by the Company that would be aggregated with this Program (which may include the Plan) under Section 1.409A-1(c) of the Treasury Regulations (or any corresponding provision of succeeding law) if the Participant participated in such arrangements are terminated;
		

		
			(ii)        No distributions other than distributions that would be payable under the terms of this Program if the termination had not occurred are made within twelve (12) months of the termination of this Program;
		

		
			(iii)        All distributions of benefits provided hereunder are paid within twenty-four (24) months of the termination of this Program; and 
		

		
			(iv)        The Company does not adopt a new deferred compensation arrangement at any time within three (3) years following the date of the termination of this Program that would be aggregated with this Program under Section 1.409A-1(c) of the Treasury Regulations (or any corresponding provision of succeeding law) if the Participant participated in this Program and participates in the new arrangement.
		

		 

		

			 

		

		

			24

		

		

			 

		

 

		

			 

		

		
			(b)        Except as otherwise provided in Section 10.3(a) above, on and after the effective date of this Program’s termination, (i) this Program shall continue to be administered as it was prior to this Program’s termination, (ii) all retirement benefits accrued prior to the date of termination shall be payable only under the conditions, at the time, and in the form then provided in this Program, (iii) no Participant shall be entitled to Program benefits solely as a result of  this Program’s termination in accordance with the provisions of this Article X, and (iv) the forfeiture provisions of Sections 7.3 and 7.4 of this Program, and the restrictions set forth in Section 7.5 of this Program shall continue in effect.
		

		

		

		 

		

			 

		

		

			25

		

		

			 

		

 

		

			 

		

		ARTICLE XI

FUNDING
		

		
			11.1Payments Under the Plan (including this Program) are the Obligation of the Company.  The Company last employing a Participant shall pay the benefits due the Participant under the Plan (including this Program); however, should it fail to do so when a benefit is due, then, except as provided in Section 11.5, the benefit shall be paid by the Trust.  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 the Plan (including this Program).
		

		
			11.2The Plan (including this Program) May Be Funded Through the Trust.  It is specifically recognized by both the Company and the Participants that the Company may, but is not required to, purchase life insurance so as to accumulate assets to fund the obligations of the Company under the Plan (including this Program), and that the Company may, but is not required to, contribute any policy or policies it may purchase and any amounts or other assets it finds desirable to the Trust.  However, under all circumstances, the Participants shall have no rights to any of those policies or other assets contributed to the Trust; and, likewise, under all circumstances, the rights of the Participants to the assets held in the Trust shall be no greater than the rights expressed in the Plan (including this Program) and the Trust Agreement.  Nothing contained in the Trust Agreement shall constitute a guarantee by any Company that assets of the Company transferred to the Trust shall be sufficient to pay any benefits under the Plan (including this Program) or would place the Participant in a secured position ahead of general creditors should the Company become insolvent or bankrupt.  The Trust Agreement must specify that Participants in the Plan (including this Program) are only unsecured general creditors of the Company in relation to their benefits under the Plan (including this Program).
		

		
			11.3Reversion of Excess Assets. Sysco may, at any time, request the actuary for the Plan to determine the present value of the Vested Accrued Benefit as of the end of the Plan Year coincident with or last preceding the request, of all Participants and Beneficiaries of deceased Participants for which all Companies are or will be obligated to make payments under the Plan (including this Program).  For periods prior to a Change of Control, 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 Vested Accrued Benefits of all Participants and Beneficiaries under the Plan (including this Program), Sysco may direct the Trustee to return to Sysco the assets which are in excess of the Vested Accrued Benefits under the Plan (including this Program).  For periods following a Change of Control, 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 Vested Accrued Benefits of all Participants and Beneficiaries under the Plan (including this Program) by 10%, Sysco may direct the Trustee to return to Sysco the assets which are in excess of 110% of the Vested Accrued Benefits under the Plan (including this Program).  For this purpose, the present value of the Vested Accrued Benefits under the Plan (including this Program) shall be calculated using the data for the preceding Plan Year brought forward using the assumptions used to determine the actuarially determined costs according to the appropriate Financial Accounting Standards Board pronouncements.  If there has been a Change of Control, to determine excess assets, all contributions made prior to the Change of Control shall 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.
		

		
			11.4       Participants Must Rely Only on General Credit of the Company.  The Company and the Participants recognize that the Plan (including this Program) is only a general corporate commitment, and that each Participant is merely an unsecured general creditor of the Company with respect to any of the Company’s obligations under the Plan (including this Program).
		

		
			11.5       Funding of Benefits for Participants Subject to Canadian Income Tax Laws is Prohibited. No Company employing a Participant whose income is subject to the Canadian tax laws shall be permitted to fund its obligation to that person through any rabbi trust, fund, sinking fund, or other financial vehicle even though under applicable law the assets held to fund the obligation are still subject to the general creditors of the Company. 
		

		

		

		 

		

			 

		

		

			26

		

		

			 

		

 

		

			 

		

		ARTICLE XII
MISCELLANEOUS
		

		
			12.1Responsibility for Distributions and Withholding of Taxes.  The Administrative Committee shall furnish information to the Company last employing the Participant concerning the amount and form of distribution to any Participant entitled to a distribution so that the Company may make or cause the Rabbi Trust to make the distribution required.  The Administrative Committee shall also calculate the deductions from the amount of the benefit paid under the Plan (including this Program) for any taxes required to be withheld by federal, state, local, or foreign government and shall cause them to be withheld.  
		

		
			12.2Limitation of Rights.  Nothing in the Plan (including this Program) shall be construed:
		

		
			(a)        to give a Participant any right with respect to any benefit except in accordance with the terms of the Plan (including this Program);
		

		
			(b)        to limit in any way the right of Sysco or a Subsidiary to terminate a Participant’s employment;
		

		
			(c)        to evidence any agreement or understanding, expressed or implied, that Sysco or a Subsidiary shall employ a Participant in any particular position or for any particular remuneration; or
		

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

		
			12.3Benefits Dependent Upon Compliance with Certain Covenants.  The benefits provided to a Participant under this Program by the Company are dependent upon the Participant’s full compliance with the covenants set forth in Section 7.4 of this Program. 
		

		
			12.4Distributions to Incompetents or Minors.  Should a Participant become incompetent or should a Participant designate a Beneficiary who is a minor or incompetent, the Administrative 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 Administrative Committee determines in its sole discretion.
		

		
			12.5Non-alienation of Benefits.  No right or benefit provided under the Plan (including this Program) is subject to transfer, anticipation, alienation, sale, assignment, pledge, encumbrance or charge by the Participant, except upon his death to a named Beneficiary as provided in the Plan (including this Program).  If any Participant or any Beneficiary becomes bankrupt or attempts to anticipate, alienate, sell, assign, pledge, encumber or charge any right or benefit under the Plan (including this Program), that right or benefit shall, in the discretion of the Administrative Committee, be forfeited.  In that event, the Administrative 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 Administrative Committee believes to be proper in its sole and absolute discretion, but is not required to do so.
		

		
			12.6Reliance upon Information.  The Administrative Committee shall not be liable for any decision or action taken in good faith in connection with the administration of the Plan (including this Program).  Without limiting the generality of the foregoing, any decision or action taken by the Administrative Committee when it relies upon information supplied it by any officer of the Company, the Company’s legal counsel, the Company’s actuary, the Company’s independent accountants or other advisors in connection with the administration of the Plan (including this Program) shall be deemed to have been taken in good faith.
		

		
			12.7Amendment Applicable to Active Participants Only Unless it Provides Otherwise.  No benefit which has accrued to any Participant who has died, retired, become disabled or separated prior to the execution of an amendment shall be changed in amount or subject to any adjustment provided in that amendment unless the 
		

		 

		

			 

		

		

			27

		

		

			 

		

 

		

			 

		

		amendment specifically provides that it shall apply to those persons and it does not have the effect of reducing those persons’ Vested Accrued Benefits as then fixed without their consent.
		

		
			12.8Severability.  If any term, provision, covenant or condition of the Plan (including this Program) is held to be invalid, void or otherwise unenforceable, the rest of the Plan (including this Program) shall remain in full force and effect and shall in no way be affected, impaired, or invalidated.
		

		
			12.9Notice.  Any notice or filing required or permitted to be given to the Administrative Committee or a Participant shall be sufficient if 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 shall 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.
		

		
			12.10Gender and Number.  If the context requires it, words of one gender when used in the Plan (including this Program) shall include the other genders, and words used in the singular or plural shall include the other.
		

		
			12.11Governing Law. The Plan (including this Program) shall be governed by the laws of the State of Delaware except to the extent such laws are pre-empted by federal law.  The Participant and the Company agree that subject to the provisions of Sections 7.6(a) through 7.6(c) of this Program, the sole and exclusive jurisdiction for any dispute under this Program shall lie in the United States District Court for the Southern District of Texas, and the parties hereby waive any jurisdictional or venue-related defense to litigating at this forum.
		

		
			12.12Effective Date. This Program is effective as of December 31, 2012.
		

		
			12.13Compliance with Section 409A.  The Plan (including this Program) is intended to comply with Section 409A of the Code in both form and operation, and any ambiguities herein shall be interpreted, to the extent possible, in a manner that complies with Section 409A.
		

		

		

		 

		

			 

		

		

			28

		

		

			 

		

 

		

			 

		

		IN WITNESS WHEREOF, Sysco has executed this document on this November 14, 2012, effective as of December 31, 2012.
		

		
			SYSCO CORPORATION
		

		
			 
		

		
			By:_/s/_____________________________
		

		
			Name:    Russell T. Libby
		

		
			Title:      Senior Vice President, General Counsel and
		

		
			Secretary
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		 

		

			 

		

		

			29Exhibit 10.3

		

			Exhibit 10.3

		

		

			 

		

		
			SEVENTH AMENDED AND RESTATED
		

		
			 
		

		
			SYSCO CORPORATION
		

		
			 
		

		
			EXECUTIVE DEFERRED COMPENSATION PLAN
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			Effective December 31, 2012
		

		
			 
		

		
			 
		

		

		

		 

		

			 

		

 

		

			 

		

		SEVENTH AMENDED AND RESTATED
		

		
			SYSCO CORPORATION
		

		
			EXECUTIVE DEFERRED COMPENSATION PLAN
		

		
			 
		

		
			TABLE OF CONTENTS
		

			
					
						 

					
					
						 

					
					
						Page

				
	
					
						ARTICLE I – DEFINITIONS.................................................................................................................................................................................

					
					
						2

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						ARTICLE II – ELIGIBILITY AND FROZEN PARTICIPANTS...............................................................................................................

					
					
						8

				
	
					
						2.1

					
					
						Eligibility......................................................................................................................................................................................................

					
					
						8

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						ARTICLE III - PARTICIPANT DEFERRALS AND COMPANY CONTRIBUTIONS....................................................................

					
					
						9

				
	
					
						3.1

					
					
						Bonus Deferral Election.......................................................................................................................................................................

					
					
						9

				
	
					
						3.2

					
					
						Discretionary Company Contributions.........................................................................................................................................

					
					
						9

				
	
					
						3.3

					
					
						Cancellation of Salary Deferral Election upon the Occurrence of an Unforeseeable Emergency.................

					
					
						9

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						ARTICLE IV – ACCOUNT.....................................................................................................................................................................................

					
					
						10

				
	
					
						4.1

					
					
						Establishing a Participant’s Account..............................................................................................................................................

					
					
						10

				
	
					
						4.2

					
					
						Deemed Investment of Deferrals..................................................................................................................................................

					
					
						10

				
	
					
						4.3

					
					
						Crediting of Earnings on Deferrals Invested in the Default Investment.....................................................................

					
					
						11

				
	
					
						4.4

					
					
						Crediting of Interest on Company Match....................................................................................................................................

					
					
						11

				
	
					
						4.5

					
					
						Procedure to Credit or Debit Interest, Earnings or Losses Upon an Event of Distribution.................................

					
					
						11

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						ARTICLE V – VESTING.........................................................................................................................................................................................

					
					
						13

				
	
					
						5.1

					
					
						Deferrals.....................................................................................................................................................................................................

					
					
						13

				
	
					
						5.2

					
					
						Company Match......................................................................................................................................................................................

					
					
						13

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						ARTICLE VI – DISTRIBUTIONS........................................................................................................................................................................

					
					
						14

				
	
					
						6.1

					
					
						Death............................................................................................................................................................................................................

					
					
						14

				
	
					
						6.2

					
					
						Disability.....................................................................................................................................................................................................

					
					
						14

				
	
					
						6.3

					
					
						Retirement.................................................................................................................................................................................................

					
					
						14

				
	
					
						6.4

					
					
						Distributions Upon Termination........................................................................................................................................................

					
					
						14

				
	
					
						6.5

					
					
						In-Service Distributions.......................................................................................................................................................................

					
					
						14

				
	
					
						6.6

					
					
						Distribution Elections for Deferrals................................................................................................................................................

					
					
						14

				
	
					
						6.7

					
					
						Forfeiture For Cause............................................................................................................................................................................

					
					
						16

				
	
					
						6.8

					
					
						Forfeiture for Competition..................................................................................................................................................................

					
					
						17

				
	
					
						6.9

					
					
						Hardship Withdrawals...........................................................................................................................................................................

					
					
						18

				
	
					
						6.10

					
					
						Payments Upon Income Inclusion Under Section 409A........................................................................................................

					
					
						18

				
	
					
						6.11

					
					
						Restrictions on any Portion of Total Payments Determined to be Excess Parachute Payments...................

					
					
						18

				
	
					
						6.12

					
					
						Responsibility for Distributions and Withholding of Taxes.................................................................................................

					
					
						19

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						ARTICLE VII – ADMINISTRATION...................................................................................................................................................................

					
					
						20

				
	
					
						7.1

					
					
						Administrative Committee Appointment......................................................................................................................................

					
					
						20

				
	
					
						7.2

					
					
						Administrative Committee Organization and Voting.................................................................................................................

					
					
						20

				
	
					
						7.3

					
					
						Powers of the Administrative Committee...................................................................................................................................

					
					
						20

				
	
					
						7.4

					
					
						Committee Discretion...........................................................................................................................................................................

					
					
						20

				
	
					
						7.5

					
					
						Reimbursement of Expenses...........................................................................................................................................................

					
					
						21

				
	
					
						7.6

					
					
						Indemnification........................................................................................................................................................................................

					
					
						21

				
	
					
						7.7

					
					
						Claims Procedure...................................................................................................................................................................................

					
					
						21

				
	
					
						7.8

					
					
						Compensation Committee Decisions............................................................................................................................................

					
					
						22

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						ARTICLE VIII - ADOPTION BY SUBSIDIARIES.......................................................................................................................................

					
					
						23

				
	
					
						8.1

					
					
						Procedure for and Status After Adoption....................................................................................................................................

					
					
						23

				
	
					
						8.2

					
					
						Termination of Participation By Adopting Subsidiary.............................................................................................................

					
					
						23

				

		
			 
		

		
			 
		

		 

		

			-i-

		

 

		

			 

		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						ARTICLE IX - AMENDMENT AND/OR TERMINATION...........................................................................................................................

					
					
						24

				
	
					
						9.1

					
					
						Amendment or Termination of the Plan........................................................................................................................................

					
					
						24

				
	
					
						9.2

					
					
						No Retroactive Effect on Awarded Benefits.............................................................................................................................

					
					
						24

				
	
					
						9.3

					
					
						Effect of Termination...........................................................................................................................................................................

					
					
						24

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						ARTICLE X – FUNDING........................................................................................................................................................................................

					
					
						26

				
	
					
						10.1

					
					
						Payments Under This Plan are the Obligation of the Company......................................................................................

					
					
						26

				
	
					
						10.2

					
					
						Plan May Be Funded Through the Trust.......................................................................................................................................

					
					
						26

				
	
					
						10.3

					
					
						Reversion of Excess Assets............................................................................................................................................................

					
					
						26

				
	
					
						10.4

					
					
						Participants Must Rely Only on General Credit of the Company...................................................................................

					
					
						26

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						ARTICLE XI – MISCELLANEOUS.....................................................................................................................................................................

					
					
						27

				
	
					
						11.1

					
					
						Limitation of Rights...............................................................................................................................................................................

					
					
						27

				
	
					
						11.2

					
					
						Distributions to Incompetents or Minors......................................................................................................................................

					
					
						27

				
	
					
						11.3

					
					
						Non-alienation of Benefits..................................................................................................................................................................

					
					
						27

				
	
					
						11.4

					
					
						Reliance Upon Information................................................................................................................................................................

					
					
						27

				
	
					
						11.5

					
					
						Severability...............................................................................................................................................................................................

					
					
						27

				
	
					
						11.6

					
					
						Notice...........................................................................................................................................................................................................

					
					
						27

				
	
					
						11.7

					
					
						Gender and Number..............................................................................................................................................................................

					
					
						28

				
	
					
						11.8

					
					
						Governing Law.........................................................................................................................................................................................

					
					
						28

				
	
					
						11.9

					
					
						Effective Date.........................................................................................................................................................................................

					
					
						28

				
	
					
						11.10

					
					
						Compliance with Section 409A of the Code...............................................................................................................................

					
					
						28

				
	
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		
			
		

		
			 
		

		
			
		

		
			 
		

		
			 
		

		

		

		 

		

			-ii-

		

 

		

			 

		

		SEVENTH AMENDED AND RESTATED
		

		
			 
		

		
			SYSCO CORPORATION
		

		
			 
		

		
			EXECUTIVE DEFERRED COMPENSATION PLAN
		

		
			 
		

		
			 
		

		
			WHEREAS, Sysco Corporation (“Sysco”) sponsors and maintains the Sixth Amended and Restated Sysco Corporation Executive Deferred Compensation Plan, effective as of August  27, 2010 (as amended on February 16, 2012, the “Current Plan”) to provide a select group of management and highly compensated employees within the meaning of Sections 201, 301 and 401 of ERISA (and therefore exempt from the requirements of Parts 2, 3 and 4 of Title I of ERISA as a “top hat” plan and eligible for the alternative method for reporting and disclosure which is available for such plans) the opportunity to defer a portion of their annual compensation from Sysco;
		

		
			 
		

		
			WHEREAS, Section 9.1 of the Current Plan authorizes the Compensation Committee of the Board of Directors of Sysco (the “Compensation Committee”) to amend the Current Plan; 
		

		
			 
		

		
			WHEREAS, Section 5.2(c) of the Current Plan authorizes the Compensation Committee to accelerate vesting of Company Matches and associated interest on such Company Matches if it determines specific situations warrant such action; and
		

		
			 
		

		
			WHEREAS,  Compensation Committee has determined that it is in the best interests of Sysco and its stockholders to amend and restate the Current Plan as necessary to: (i)  limit the participation of employees of the Company in the Plan to those employees who are Participants in the Plan as of December 31, 2012; (ii) eliminate future salary deferral elections beginning with calendar year 2013; (iii) eliminate future bonus deferral elections beginning with Plan Year 2014; (iv) accelerate vesting of the Company Matches and associated interest on such Company Matches;  and (v) make certain other changes to ease administration of the Plan.
		

		
			 
		

		
			NOW, THEREFORE, Sysco hereby adopts the Seventh Amended and Restated Sysco Corporation Executive Deferred Compensation Plan, effective December 31, 2012 (the “Plan”), as follows:
		

		

		

		 

		

			 

		

		

			 

		

 

		

			 

		

		 
		

		
			ARTICLE I
		

		
			 
		

		
			DEFINITIONS
		

		
			 
		

		
			Account.  “Account” means a Participant’s account in the Deferred Compensation Ledger maintained by the Administrative Committee which reflects the entire interest of the Participant in the Plan, as adjusted herein for deemed Investment earnings and losses and credited interest. A Participant’s Account shall be comprised of, if applicable, such Participant’s Termination/Retirement Account and In-Service Account(s). 
		

		
			 
		

		
			Active Participant.  “Active Participant” means a Participant in the employ of Sysco or a Subsidiary as of December 31, 2012.
		

		
			 
		

		
			Administrative Committee.  “Administrative Committee” means the persons who are from time to time serving as members of the committee administering this Plan.
		

		
			 
		

		
			Affiliate.  “Affiliate” means any entity with respect to which Sysco beneficially owns, directly or indirectly, at least 50% of the total voting power of the interests of such entity and at least 50% of the total value of the interests of such entity.
		

		
			 
		

		
			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.
		

		
			 
		

		
			Board of Directors.  “Board of Directors” means the Board of Directors of Sysco.
		

		
			 
		

		
			Bonus Deferral.  “Bonus Deferral” means a “Bonus Deferral” as such term is defined under the Current Plan. 
		

		
			 
		

		
			Bonus Deferral Election. “Bonus Deferral Election” means a “Bonus Deferral Election” as such term is defined under the Current Plan.
		

		
			 
		

		
			Business Day.  “Business Day” means during regular business hours of any day on which the New York Stock Exchange is open for trading.
		

		
			 
		

		
			Change of Control.  “Change of Control” means the occurrence of one or more of the following events:
		

		
			 
		

		
			(a)                    The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Act) (a “Person”) of beneficial ownership (within the meaning of Rule 13d‐3 promulgated under the Securities Act) of 20% or more of either (i) the then-outstanding shares of Sysco common stock (the “Outstanding Sysco Common Stock”) or (ii) the combined voting power of the then-outstanding voting securities of Sysco entitled to vote generally in the election of directors (the “Outstanding Sysco Voting Securities”); provided, however, that the following acquisitions shall not constitute a  Change of Control:  (1) any acquisition directly from Sysco, (2) any acquisition by Sysco, (3) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by Sysco or any Affiliate, or (4) any acquisition by any corporation pursuant to a transaction that complies with subparagraphs (c)(i), (c)(ii) and (c)(iii) of this definition;
		

		
			 
		

		
			(b)                    Individuals who, as of July 1, 2012, constitute the Board of Directors (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board of Directors; provided, however, that any individual becoming a director subsequent to July 1, 2012 whose election, or nomination for election by Sysco’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the 
		

		 

		

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		election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board of Directors;
		

		
			 
		

		
			(c)                    Consummation of a reorganization, merger, statutory share exchange or consolidation or similar corporate transaction involving Sysco or any of its Affiliates, a sale or other disposition of all or substantially all of the assets of Sysco, or the acquisition of assets or stock of another entity by Sysco or any of its Affiliates (each, a “Business Combination”), in each case unless, following such Business Combination, (i) all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding Sysco Common Stock and the Outstanding Sysco Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of the then-outstanding shares of common stock and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation that, as a result of such transaction, owns Sysco or all or substantially all of Sysco’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Sysco Common Stock and the Outstanding Sysco Voting Securities, as the case may be, (ii) no Person (excluding any corporation resulting from such Business Combination or any employee benefit plan (or related trust) of Sysco or such corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 20% or more of, respectively, the then-outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of such corporation, except to the extent that such ownership existed prior to the Business Combination, and (iii) at least a majority of the members of the board of directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board of Directors providing for such Business Combination; or 
		

		
			 
		

		
			(d)                    Approval by the stockholders of Sysco of a complete liquidation or dissolution of Sysco.
		

		
			 
		

		
			Change of Control Period. “Change of Control Period” shall have the meaning set forth in Section 6.7(d).
		

		
			 
		

		
			Claimant.  “Claimant” shall have the meaning set forth in Section 7.7.
		

		
			 
		

		
			Code.  “Code” means the Internal Revenue Code of 1986, as amended from time to time.
		

		
			 
		

		
			Company.  “Company” means Sysco and any Subsidiary that has adopted the Plan with the approval of the Administrative Committee, pursuant to Section 8.1.
		

		
			 
		

		
			Company Match.  “Company Match” means a “Company Match” (as such term is defined in the Current Plan) credited to a Participant’s Account with respect to Bonus Deferral Elections made before January 1, 2013.
		

		
			 
		

		
			Compensation Committee.  “Compensation Committee” means the Compensation Committee of the Board of Directors of Sysco.
		

		
			 
		

		
			Current Plan. “Current Plan” shall have the meaning set forth in the Recitals.
		

		
			 
		

		
			Default Distribution Option.  “Default Distribution Option” shall have the meaning set forth in Section 6.6(c)(iv).
		

		
			 
		

		
			Default Investment. “Default Investment” means a hypothetical investment with a per annum investment return equal to Moody’s determined as of October 31st of the calendar year prior to the calendar year for which such rate shall be effective, or such other Investment designated by the Administrative Committee as the “Default Investment” on Exhibit “A” attached hereto. The investment return of the Default Investment shall be re-determined annually as of November 1st of the calendar year prior to the 
		

		 

		

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		calendar year for which such rate shall be effective. The investment return, once established, shall be effective as of January 1st of the calendar year following the calendar year in which such investment return is calculated and shall remain in effect for the entire calendar year. 
		

		
			 
		

		
			Deferrals.  “Deferrals” shall mean a Bonus Deferral, a Salary Deferral, or both.
		

		
			 
		

		
			Deferral Election.  “Deferral Election” shall mean a Bonus Deferral Election, a Salary Deferral Election or both. 
		

		
			 
		

		
			Deferred Compensation Ledger. “Deferred Compensation Ledger” means the ledger maintained by the Administrative Committee for each Participant which reflects the amount of the Participant’s Deferrals, Company Match, credits and debits for deemed Investment earnings and losses and interest credited pursuant to Article IV, and cash distributed to the Participant or the Participant’s Beneficiaries pursuant to Article VI.
		

		
			 
		

		
			Disability.  “Disability” means that a Participant has been determined by the Social Security Administration to be totally disabled.
		

		
			 
		

		
			Executive Officer.  “Executive Officer” means each of Sysco’s Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, President, Executive Vice Presidents, Senior Vice Presidents or any other officers designated as “officers” for purposes of Section 16 of the Securities Act.
		

		
			 
		

		
			Executive Retirement Plans. “Executive Retirement Plans” means, collectively, the Plan, the Sysco Corporation Supplemental Executive Retirement Plan, the Sysco Corporation MIP Retirement Program, the Sysco Corporation Management Savings Plan, and the Sysco Corporation Canadian Executive Capital Accumulation Plan, and such other non-qualified deferred compensation arrangements sponsored by Sysco or a Subsidiary as determined by the Compensation Committee.
		

		
			 
		

		
			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 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 Administrative Committee in its reasonable judgment on a consistent basis, based upon such available and relevant information as the Administrative Committee determines to be appropriate.
		

		
			 
		

		
			In-Service Account.  “In-Service Account” means a separate recordkeeping account under a Participant’s Account that is created when a Participant elects a new In-Service Distribution Date with respect to amounts deferred hereunder.
		

		
			 
		

		
			In-Service Distribution.  “In-Service Distribution” means a payment to the Participant following the occurrence of an In-Service Distribution Date of the amount represented by the balance in the In-Service Account with respect to such In-Service Distribution Date.
		

		
			 
		

		
			In-Service Distribution Date.  “In-Service Distribution Date” means the date on which the Participant’s applicable In-Service Account shall be paid under the Current Plan; provided, however, that for Subsequent Elections made by Participants pursuant to Section 6.6(b) after November 13, 2012, “In-Service Distribution Date” shall mean March 10th of the calendar year selected by the Participant during which the Participant’s applicable In-Service Account shall be paid.
		

		
			 
		

		

		

		 

		

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		Installment Distribution Option. “Installment Distribution Option” shall have the meaning set forth in Section 6.6(c)(i).
		

		
			 
		

		
			Investment.  “Investment” means the options set forth in Exhibit “A” attached hereto, including interest credited at the investment return of the Default Investment, as the same may be amended from time to time by the Administrative Committee in its sole and absolute discretion.
		

		
			 
		

		
			Lump Sum Distribution Option.  “Lump Sum Distribution Option” shall have the meaning set forth in Section 6.6(c)(ii).
		

		
			 
		

		
			Management Incentive Plan.  “Management Incentive Plan” means the Sysco Corporation 2009 Management Incentive Plan, as it may be amended from time to time, any successor or predecessor plan, and, at the discretion of the Compensation Committee, any other management incentive plan of Sysco. 
		

		
			 
		

		
			MIP Bonus.  “MIP Bonus” means a bonus awarded or to be awarded to the Participant under the Management Incentive Plan, or any bonus awarded or to be awarded to a Participant as a substitute for or in lieu of such Participant’s MIP Bonus for a Plan Year (including any amounts paid as a substitute for or in lieu of such MIP Bonus pursuant to a severance agreement or other arrangement providing for post-retirement benefits), or such other annual incentive bonus determined by the Compensation Committee in its sole discretion.
		

		
			 
		

		
			MIP Participation.  “MIP Participation” means full years of participation in the Management Incentive Plan determined on an elapsed time basis.  MIP Participation shall include the time a Participant was not eligible to participate in the Management Incentive Plan if, the Participant (i) was previously eligible to participate in the Management Incentive Plan; (ii) remains employed by Sysco or a Subsidiary while such Participant was ineligible to participate in the Management Incentive Plan; and (iii) later becomes eligible to again participate in the Management Incentive Plan.
		

		
			 
		

		
			Moody’s.  “Moody’s” means, as of any specified date, the monthly average of the Moody’s Average Corporate Bond Yield (determined by dividing the sum of the Corporate Bond Yield Averages for each month, as published in Moody’s Bond Survey, by the number of months in the applicable calculation period) for either the (i) six-month period ending on the specified date or (ii) the twelve-month period ending on the specified date whichever produces the higher rate. 
		

		
			 
		

		
			Participant.  “Participant” means an employee of a Company who becomes eligible for or is participating in the Plan, and any other current or former employee of Sysco or a Subsidiary who has an Account in the Deferred Compensation Ledger.
		

		
			 
		

		
			Plan.  “Plan” means the Seventh Amended and Restated Sysco Corporation Executive Deferred Compensation Plan, as set forth in this document and amended from time to time.
		

		
			 
		

		
			Plan Year.  “Plan Year” means a one-year period that 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.  
		

		
			 
		

		
			Retirement. “Retirement” means any Separation from Service by a Participant from Sysco and its  Subsidiaries for any reason other than death or Disability on or after the earlier of (A) the date the Participant attains age sixty (60), (B) the date that the Participant has attained age fifty-five (55) and has at least fifteen (15) years of MIP Participation, or (C) the date that the Participant has attained age fifty-five (55) and has at least ten (10) years of Sysco Service.  
		

		
			 
		

		
			Salary Deferral.   “Salary Deferral” means a “Salary Deferral” as such term is defined under the Current Plan.
		

		
			 
		

		
			Salary Deferral Election.  “Salary Deferral Election” means a “Salary Deferral Election” as such term is defined under the Current Plan.    
		

		

		

		 

		

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		Section 409A.  “Section 409A” means Section 409A of the Code. References herein to “Section 409A” shall also include any regulatory and other interpretive guidance promulgated by the Treasury Department, including the Treasury Regulations, or the Internal Revenue Service under Section 409A of the Code. 
		

		
			 
		

		
			Securities Act.  “Securities Act” means the Securities Exchange Act of 1934, as amended from time to time.
		

		
			 
		

		
			Separation from Service.  “Separation from Service” means a “separation from service” within the meaning of Section 409A. A Participant shall be presumed to have experienced a “separation from service” as a result of a termination of employment if the level of bona fide services performed by the Participant for Sysco or a Subsidiary decreases to a level equal to twenty-five percent (25%) or less of the average level of services performed by the Participant during the immediately preceding thirty-six (36) month period, taking into account any periods of performance excluded by the Treasury Regulations. 
		

		
			 
		

		
			Specified Employee.  “Specified Employee” means a “specified employee” as defined in Section 409A(a)(2)(B)(i) of the Code. By way of clarification, “specified employee” means a “key employee” (as defined in Section 416(i) of the Code, disregarding Section 416(i)(5) of the Code) of the Company.  A Participant shall be treated as a key employee if the Participant meets the requirements of Section 416(i)(1)(A)(i), (ii), or (iii) (applied in accordance with the Treasury Regulations thereunder and disregarding Section 416(i)(5) of the Code) at any time during the twelve (12) month period ending on an Identification Date.  If a Participant is a key employee as of an Identification Date, the Participant shall be treated as a Specified Employee for the twelve (12) month period beginning on the first day of the fourth month following such Identification Date.  For purposes of any “Specified Employee” determination hereunder, the “Identification Date” shall mean the last day of the calendar year. The Administrative Committee may in its discretion amend the Plan to change the Identification Date, provided that any change to the Plan’s Identification Date shall not take effect for at least twelve (12) months after the date of the Plan amendment authorizing such change.
		

		
			 
		

		
			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 as a “Subsidiary” by resolution of the Board of Directors or by the Administrative Committee for purposes of this Plan.
		

		
			 
		

		
			Sysco.  “Sysco” means Sysco Corporation, the sponsor of this Plan.
		

		
			 
		

		
			Sysco Service.  “Sysco Service” means service with Sysco or a Subsidiary for which the Participant is awarded “credited service” under the Pension Plan for vesting purposes or would be awarded “credited service” under the Pension Plan for vesting purposes if the Participant was covered under the Pension Plan. For purposes of this definition, “Pension Plan” means the Sysco Corporation Retirement Plan, a defined benefit plan qualified under Section 401(a) of the Code, and any U.S. qualified defined benefit pension plan successor thereto.
		

		
			 
		

		
			Termination.  “Termination” means Separation from Service from Sysco and its Subsidiaries, voluntarily or involuntarily, for any reason other than Retirement, death or Disability.
		

		
			 
		

		
			Termination/Retirement Account.  “Termination/Retirement Account” means that portion of a Participant’s Account that has not been allocated to In-Service Accounts.
		

		
			 
		

		
			Treasury Regulations.  “Treasury Regulations” means the Federal Income Tax Regulations, and to the extent applicable any Temporary or Proposed Regulations, promulgated under the Code, as such regulations may be amended from time to time (including corresponding provisions of succeeding regulations).
		

		
			 
		

		 

		

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			Trust. “Trust” shall mean the trust established pursuant to the Trust Agreement.
		

		
			 
		

		
			Trust Agreement. “Trust Agreement” shall mean the Third Amended and Restated Grantor Trust under the Sysco Corporation Executive Deferred Compensation Plan, as may be further amended and/or restated from time to time.
		

		
			 
		

		
			Trustee. “Trustee” shall mean the trustee as defined in the Trust Agreement.
		

		
			 
		

		
			Total Payments.  Total Payments” means all payments or benefits, including any accelerated vesting or payment of such benefits, received or to be received by a Participant in connection with a “change of control” (within the meaning of Section 280G of the Code) of Sysco under the terms of the Executive Retirement Plans or any other non-qualified deferred compensation arrangement sponsored by Sysco or any Subsidiary (or any company for which the Participant worked that was acquired by Sysco or a Subsidiary) and in connection with a change of control of Sysco under the terms of any stock incentive plan, mid-term or long-term incentive cash plan, or any other plan, arrangement or agreement with the Company, its successors, any person whose actions result in a change of control or any person affiliated with the Company or who, as a result of the completion of transactions causing a change of control, become affiliated with the Company within the meaning of Section 1504 of the Code, taken collectively.
		

		
			 
		

		
			Unforeseeable Emergency.  “Unforeseeable Emergency” shall have the meaning set forth in Section 6.9. 
		

		

		

		 

		

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		ARTICLE II
		

		
			 
		

		
			ELIGIBILITY 
		

		
			 
		

		
			2.1            Eligibility.  Only those individuals who were Participants in the Plan as of December 31, 2012 shall be eligible to participate in the Plan.
		

		

		

		 

		

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		ARTICLE III
		

		
			 
		

		
			PARTICIPANT DEFERRALS AND COMPANY CONTRIBUTIONS
		

		
			 
		

		
			3.1            Deferral Elections.  No further Deferral Elections will be permitted under this Plan for calendar years and Plan Years commencing after December 31, 2012.  Any Deferral Elections made by a Participant for calendar years or Plan Years commencing before January 1, 2013, shall remain in full force and effect, and such Participants shall remain eligible for the Company Match, if any, on any Bonus Deferral Elections made with respect to such Plan Years, pursuant to the terms of the Current Plan.  Any Deferrals or Company Matches with respect to such calendar years or Plan Years, as applicable, shall be credited to the Participant’s Account at the times set forth in Sections 4.2 and 4.3 of the Current Plan. 
		

		
			 
		

		
			3.2            Discretionary Company Contributions.  Notwithstanding anything to the contrary contained herein, if authorized by the Compensation Committee, the Company, may, pursuant to a written agreement approved by the Compensation Committee, cause the Company to make additional contributions to a Participant’s Account. Any discretionary Company contributions made pursuant to this Section 3.3 shall be credited to a Participant’s Termination/Retirement Account and shall be paid at the earliest to occur of a Participant’s death, Disability, Retirement or Termination.  Unless otherwise expressly provided in such written agreement, such discretionary contributions by the Company shall be 100% vested at all times. 
		

		
			 
		

		
			3.3            Cancellation of Deferral Elections upon the Occurrence of an Unforeseeable Emergency.  Notwithstanding anything to the contrary contained herein, if a Participant requests a hardship withdrawal pursuant to Section 6.9, and the Administrative Committee determines that such Participant has suffered an Unforeseeable Emergency, the Participant may elect to cancel such Participant’s Deferral Elections in effect for such calendar year. Such election shall be made in writing by the Participant in such form as the Administrative Committee determines from time to time. In addition, if a Participant receives a hardship distribution under a 401(k) plan sponsored by the Company, all Deferral Elections in effect for the calendar year or Plan Year, as the case may be, in which such hardship distribution is made shall be cancelled, and such Participant may not make additional Deferral Elections for at least six (6) months following the receipt of such hardship distribution. 
		

		

		

		 

		

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			ARTICLE IV
		

		
			 
		

		
			ACCOUNT
		

		
			 
		

		
			4.1            Establishing a Participant’s Account.  The Administrative Committee shall establish an Account for each Participant in the Deferred Compensation Ledger which shall be maintained by the Company.  Each Account shall reflect the entire interest of the Participant in the Plan.
		

		
			 
		

		
			4.2            Deemed Investment of Deferrals and Company Matches.  The credit balance of Deferrals and Company Matches in the Participant’s Account shall be deemed invested and reinvested from time to time in such Investments as shall be designated by the Participant in accordance with this Section 4.2; provided, however, the designation of investment provisions set forth in this Section 4.2 shall not be available for Company Matches until January 1, 2014. Until such time, interest shall be credited on the portion of the Participant’s Account attributable to Company Matches in accordance with Section 4.4, and, after such time, interest shall continue to be credited on the portion of the Participant’s Account attributable to Company Matches in accordance with Section 4.4 unless and until the Participant changes his Investments with respect to such Company Matches pursuant to this Section 4.2.
		

		
			 
		

		
			(a)                    Each Participant may make a designation of the Investments in which the Deferrals in such Participant’s Account will be deemed invested.  The Investments designated by a Participant shall be deemed to have been purchased on the date on which the Deferrals are credited to the Participant’s Account, or if such day is not a Business Day, on the first Business Day following such date.  If a Participant has not made a designation of Investments in which such Participant’s Deferrals will be deemed invested, the credit balance of the Deferrals in the Participant’s Account shall be deemed to be invested in the Default Investment.
		

		
			 
		

		
			(b)                    At such times and under such procedures as the Administrative Committee shall designate, each Participant shall have the right to (i) change the existing Investments in which the Deferrals and Company Matches (subject to the first sentence of Section 4.2)  in such Participant’s Account are deemed invested by treating a portion of such Investments as having been sold and the new Investments purchased (i.e., an investment transfer), and (ii) change the Investments which are deemed purchased with future Deferrals and Company Matches credited to the Participant’s Account.
		

		
			 
		

		
			(c)                    In the case of any deemed purchase of an Investment, the Participant’s Account shall be decreased by a dollar amount equal to the number of units of such Investment treated as purchased multiplied by the per unit 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 number of units of such Investment treated as purchased.  In the case of any deemed sale of an Investment, the Participant’s Account shall be decreased by the number of units of such Investment treated as sold, and shall be increased by a dollar amount equal to the number of units of such 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.  
		

		
			 
		

		
			(d)                    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 determination of the amounts ultimately paid to a Participant.
		

		
			 
		

		
			(e)                    In determining the amounts of all debits and credits to the Participant’s Account, the Administrative 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 Administrative 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.
		

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

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		4.3            Crediting of Earnings on Deferrals Invested in the Default Investment
		

		
			  Earnings will be credited on the portion of the Participant’s Account attributable to Deferrals invested (or deemed invested) by a Participant in the Default Investment in accordance with this Section 4.3.  For the portion of the Participant’s Account attributable to Deferrals invested (or deemed invested) in the Default Investment as of the close of business on July 1, 2008 (including a Participant’s Bonus Deferral for the fiscal year 2008 MIP Bonus), earnings credited to a Participant’s Account on or after July 2, 2008 with respect to such amounts will be credited at a per annum investment return equal to the sum of (a) the investment return of the Default Investment,  plus (b) one percent (1%). For Deferrals credited to a Participant’s Account on or after July 2, 2008 and invested in the Default Investment, and investment transfers into the Default Investment on or after July 2, 2008, earnings credited to a Participant’s Account on or after July 2, 2008 with respect to such amounts will be credited at a per annum investment return equal to the investment return of the Default Investment.
		

		
			 
		

		
			4.4            Crediting of Interest on Company Match.  Subject to Section 4.2, interest will be credited on the portion of the Participant’s Account attributable to Company Matches in accordance with this Section 4.4.  For Company Matches credited to a Participant’s Account prior to July 2, 2008 (including the Company Match attributable to a Participant’s Bonus Deferral for the fiscal year 2008 MIP Bonus), interest credited to a Participant’s Account on or after July 2, 2008 with respect to such amounts will be credited at a per annum interest rate equal to the sum of (a) the investment return of the Default Investment,  plus (b) one percent (1%).  For Company Matches credited to a Participant’s Account on or after July 2, 2008, interest credited to a Participant’s Account on or after July 2, 2008 with respect to such amounts will be credited at a per annum interest rate equal to the investment return of the Default Investment.  Interest on each Company Match shall be compounded annually, but credited on a daily basis.  
		

		
			 
		

		
			4.5            Procedure to Credit or Debit Interest, Earnings or Losses Upon an Event of Distribution.  
		

		
			 
		

		
			(a)                    Crediting of Interest or Deemed Investment Earnings or Losses Prior to Commencement of Distributions.  The Participant’s Account shall continue to be credited or debited with Investment earnings or losses until (i) with respect to distribution events other than In-Service Distributions, the later to occur of (x) the date of the event giving rise to the distribution; or (y) the last day of the month preceding the month in which distributions will commence; and (ii) with respect to an In-Service Distribution, the date that is three (3) weeks prior to the In-Service Distribution Date with respect to such In-Service Distribution (the “Conversion Date”), at which time the deemed Investments of the portion of the Participant’s Account attributable to Deferrals, other than amounts invested in the Default Investment, shall be treated as sold and credited with a dollar value in accordance with Section 4.2(c) and invested in the Default Investment. For the period beginning on the Conversion Date and ending on the date on which distributions commence, the portion of the Participant’s Account attributable to Deferrals shall be credited with earnings as provided in Section 4.3. For purposes of this Section 4.5(a), for the period prior to the commencement of distributions, the portion of the Participant’s Account attributable to Company Matches shall be credited with interest as provided in Section 4.4 or deemed Investment earnings or losses as provided in Section 4.2, if applicable. As of the close of business on the date distributions are to commence, interest and Investment earnings shall no longer be credited to a Participant’s Account pursuant to this Section 4.5(a) and interest shall be credited to the Participant’s Account as provided in Section 4.5(b).
		

		
			 
		

		
			(b)                      Crediting of Interest After Commencement of Installment Distributions.  If any 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 portion of the Participant’s Account subject to this Section 4.5(b), beginning on the day after the date on which distributions commence and continuing through the scheduled date of the final installment. The interest crediting rate for purposes of this Section 4.5(b) shall be the per annum interest rate equal to Moody’s as of the last day of the month that is two (2) months prior to the month during which distributions are to commence.
		

		
			 
		

		
			(c)                    Variable Investment Option.  For Participants whose Retirement occurred prior to July 2, 2008, and who elected the Variable Investment Option (as defined in the Fifth Amended and Restated Sysco Corporation Executive Deferred Compensation Plan), the determination of the amount of 
		

		 

		

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		each installment distribution and the crediting of Investment earnings and losses during the period in which the Participant is receiving distributions shall be governed by the terms of the Fifth Amended and Restated Sysco Corporation Executive Deferred Compensation Plan, except that for purposes of determining the amount of Investment earnings and losses credited to such Participant’s Account the terms of the Plan shall govern. 
		

		

		

		 

		

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		ARTICLE V
		

		
			 
		

		
			VESTING
		

		
			 
		

		
			5.1            Deferrals.  The amount credited to a Participant’s Account attributable to Deferrals, adjusted for deemed Investment earnings and losses pursuant to Sections 4.2 and 4.3, shall be 100% vested at all times, except that deemed Investment earnings attributable to Deferrals shall be subject to forfeiture under Sections 6.7 and 6.8.
		

		
			 
		

		
			5.2            Company Match.  Effective on and after December 31, 2012, the amount credited to an Active Participant’s Account attributable to Company Matches, together with interest accumulated on those Company Matches pursuant to Section 4.4 or deemed Investment earnings or losses as provided in Section 4.2, shall be 100% vested, except that such amounts shall be subject to forfeiture under Sections 6.7 and 6.8, and any applicable reduction caused by the restrictions set forth in Section 6.11.
		

		
			 
		

		

		

		 

		

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		ARTICLE VI
		

		
			 
		

		
			DISTRIBUTIONS
		

		
			 
		

		
			6.1            Death.  Upon the death of a Participant, the Participant’s Beneficiary or Beneficiaries shall be paid the balance of the Participant’s Account in the Deferred Compensation Ledger pursuant to the distribution option selected by the Participant under Section 6.6(c).
		

		
			 
		

		
			Each Participant, upon making his initial deferral election, shall file with the Administrative Committee a designation of one or more Beneficiaries to whom distributions otherwise due the Participant shall be made in the event of the Participant’s death prior to the complete distribution of the amount credited to his Account in the Deferred Compensation Ledger.  The designation shall be effective upon receipt by the Administrative Committee of a properly executed form approved by the Administrative Committee 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 Administrative Committee. If there is no valid designation of Beneficiary on file with the Administrative 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 shall be the Participant’s spouse, if the spouse survives the Participant, or otherwise the Participant’s estate.  A Beneficiary who is an individual shall 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 shall, unless the Participant’s designation provides 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 Participant’s spouse must be consented to in writing by the Participant’s spouse in a form acceptable to the Administrative Committee in order to be effective.
		

		
			 
		

		
			6.2            Disability.  Upon the Disability of a Participant, the Participant shall be paid the balance of the Participant’s Account in the Deferred Compensation Ledger pursuant to the distribution option selected by the Participant under Section 6.6(c).
		

		
			 
		

		
			6.3            Retirement. Upon the Retirement of a Participant, the Participant shall be paid the vested portion of such Participant’s Account in the Deferred Compensation Ledger pursuant to the Distribution option selected by the Participant under Section 6.6(c). Any amounts not vested at the time of such Participant’s Retirement shall be forfeited.
		

		
			 
		

		
			6.4            Distributions Upon Termination.  Upon a Participant’s Termination, the Participant shall be paid the vested portion of such Participant’s Account in the Deferred Compensation Ledger pursuant to the Lump Sum Distribution Option.  Any amounts not vested at the time of such Participant’s Termination shall be forfeited.
		

		
			 
		

		
			6.5            In-Service Distributions.  Each In-Service Distribution shall be paid in a lump sum on the In-Service Distribution Date, or as soon as administratively practicable thereafter.  Notwithstanding a Participant’s election to receive an In-Service Distribution of some or all of the Participant’s Account, if the Participant’s Retirement, Disability, death or Termination, as applicable, occurs prior to any In-Service Distribution Date(s), the Participant’s remaining In-Service Account balance(s) (after making any In-Service Distributions with respect to In-Service Distribution Date(s) occurring prior to such Participant’s Retirement, death, Disability or Termination but not otherwise paid) shall be distributed pursuant to the Plan’s provisions regarding distributions upon Retirement, Disability, death or Termination, as applicable.
		

		
			 
		

		
			6.6            Distribution Elections for Deferrals.  Each Participant shall have the right to elect, to revoke, or to change any prior election of the timing of payment or the form of distribution at the time and under the rules established by the Administrative Committee, which rules shall include and shall be limited by the provisions of this Section 6.6.  
		

		

		

		 

		

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			(a)                    Initial Distribution Elections. A Participant may elect different forms of distribution, as specified in Section 6.6(c), with respect to the distribution events described in Sections 6.1 (upon death), 6.2 (upon Disability) and 6.3 (upon Retirement). The initial election of form of distribution with respect to a particular distribution event, if received by the Administrative Committee in proper form prior to or concurrent with the time a Participant first makes an affirmative Deferral Election under this Plan, shall be effective upon receipt, and shall become irrevocable at the time a Participant first makes an affirmative Deferral Election under this Plan. All elections of form of distribution, with respect to such distribution events, made after the time a Participant first makes an affirmative Deferral Election under this Plan must comply with the rules of Section 6.6(b). 
		

		
			 
		

		
			(b)                    Subsequent Elections. Any election, revocation, or change of election of form of distribution with respect to distributions upon death, Disability and Retirement that a Participant makes after he first makes an affirmative Deferral Election under this Plan; or change of election of time of payment with respect to In-Service Distributions (such elections, revocations and changes are referred to collectively herein as a,  “Subsequent Election”) shall be effective only if the requirements of this Section 6.6(b) are met. Subsequent Elections may be submitted to the Administrative Committee from time to time in the form determined by the Administrative Committee and shall be effective on the date that is twelve (12) months after the date on which such Subsequent Election is received by the Administrative Committee.  If an event giving rise to a distribution occurs during the one-year period after a Subsequent Election is made, or if such Subsequent Election does not meet the requirements of this Section 6.6(b), distributions under this Plan shall be made pursuant to the Participant’s last effective election, revocation, or change with respect to the event giving rise to the distribution. With respect to payments upon Retirement or upon the occurrence of an In-Service Distribution Date, (i) the Subsequent Election must be received by the Administrative Committee in proper form at least one year prior to such Participant’s Retirement or the occurrence of an In-Service Distribution Date; and (ii) the first payment pursuant to such Subsequent Election may not be made within the five-year period commencing on the date such payment would have been made or commenced under the last effective election, revocation, or change made by the Participant.  
		

		
			 
		

		
			(c)                    Distribution Options. The distribution options that may be selected by Participants pursuant to this Section 6.6 are as follows:
		

		
			 
		

		
			(i)                                Installment Distribution Option.  If a Participant selects the “Installment Distribution Option”, with respect to all or a portion of a Participant’s Account, except as otherwise provided in this Section 6.6(c)(i), the Participant or the Participant’s Beneficiaries shall be paid the portion of the Participant’s Account in the Deferred Compensation Ledger to which this section applies in equal quarterly or annual (as selected by the Participant) installments of principal and interest for a period of up to 20 years (as selected by the Participant). Notwithstanding the foregoing, if the Participant forfeits all or a portion of his Account pursuant to Section 6.7 (forfeiture for cause) or Section 6.8 (forfeiture for competition), the amount of the installment shall be recalculated as of the date of any such forfeiture taking into account the remaining amount due to the Participant and the remaining period over which such Participant was to receive installment payments pursuant to this Section 6.6(c)(i),  with no further interest credited on the declining balance following such forfeiture. Amounts distributed pursuant to the Installment Distribution Option shall be treated as a single payment for purposes of the subsequent deferral election rules of Section 409A. 
		

		
			 
		

		
			(ii)                               Lump Sum Distribution Option.  If the Participant selects the “Lump Sum Distribution Option”, with respect to all or a portion of the Participant’s Account, the Participant or the Participant’s Beneficiaries shall be paid the portion of the Participant’s Account in the Deferred Compensation Ledger to which this Section 6.6(c)(ii) applies, in a lump sum.
		

		
			 
		

		
			(iii)                             Combination Lump Sum and Installment Distribution Option.  Participants may also elect to have their Accounts distributed in part pursuant to the Lump Sum Distribution Option, and the balance distributed pursuant to the Installment Distribution Option, by making the appropriate designation on the form which the Administrative Committee has approved for this 
		

		 

		

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		purpose. If a Participant elects to have his Account distributed pursuant to this Section 6.6(c)(iii), the lump sum payment shall be made at the time provided under Section 6.6(d) and the installment payments shall commence upon the next applicable payment date (i.e., either quarterly or annually).
		

		
			 
		

		
			(iv)                               Default Distribution Option.  If a Participant does not have an effective election as to the form of distribution on file with the Administrative Committee at the time distributions to such Participant are to commence, the Participant shall be conclusively deemed to have elected to receive the vested balance of such Participant’s Account pursuant to the Installment Distribution Option annually over a period of fifteen (15) years (the “Default Distribution Option”). 
		

		
			 
		

		
			(d)                    Commencement of Distributions. Distributions pursuant to this Section 6.6 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, however, that in the case of the death of the Participant, distributions shall not commence within the thirty (30) day period following the Participant’s death; provided further, that, in the case of a Participant who has made a Subsequent Election with respect to distributions upon Retirement or the occurrence of an In-Service Distribution Date, distributions upon Retirement or the occurrence of an In-Service Distribution Date shall not commence earlier than the time prescribed by Section 6.6(b); provided further, that distributions to a Specified Employee that result from such Participant’s Retirement or Termination shall not commence earlier than the date that is six (6) months after such Specified Employee’s Retirement or Termination from the Company if such earlier commencement would result in the imposition of tax under Section 409A. If distributions to a Participant are delayed because of the six-month distribution delay described in the immediately preceding sentence, such distributions shall commence as soon as administratively feasible following the end of such six-month period, but not later than thirty (30) days after the end of such six-month period.
		

		
			 
		

		
			6.7            Forfeiture For Cause. 
		

		
			 
		

		
			(a)                    Forfeiture on Account of Discharge. If the Administrative Committee finds, after full consideration of the facts presented on behalf of both Sysco (or as applicable, a Subsidiary) and a Participant, that the Participant was discharged by Sysco (or as applicable, a Subsidiary) for: (i) fraud, (ii) embezzlement, (iii) theft, (iv) commission of a felony, (v) proven dishonesty in the course of his employment by Sysco (or as applicable, a Subsidiary) which damaged Sysco and/or any of its Subsidiaries, or (vi) disclosing trade secrets of Sysco and/or any of its Subsidiaries ((i) through (vi) individually and collectively referred to as “Forfeiture Event”), the entire amount credited to the Participant’s Account in the Deferred Compensation Ledger as of the date of discharge, exclusive of the lesser of (a) the credit balance of the Participant’s Account attributable to Deferrals of the Participant, without any adjustments for deemed Investment earnings and losses pursuant to Sections 4.2,  4.3 and 4.5, or (b) the credit balance of the Participant’s Account attributable to Deferrals, taking into account the adjustments for deemed Investment earnings and losses pursuant to Sections 4.2,  4.3 and 4.5, shall be forfeited even though it may have been previously vested under Article V.  
		

		
			 
		

		
			(b)                    Forfeiture after Commencement of Distributions.  If the Administrative Committee finds, after full consideration of the facts presented on behalf of both Sysco (or as applicable, a Subsidiary) and the Participant, that a Participant who has begun receiving distributions under this Plan (other than In-Service Distributions) or has received all distributions such Participant is entitled to receive under this Plan engaged in a Forfeiture Event during his employment with Sysco (or as applicable, a Subsidiary) (even though the Participant was not discharged from Sysco or a Subsidiary for such a Forfeiture Event), the Participant and/or Participant’s Beneficiaries shall, to the extent determined by the Administrative Committee, in its sole discretion, (i) forfeit the entire amount credited to the Participant’s Account exclusive of the lesser of (A) the credit balance of the Participant’s Account attributable to Deferrals of the Participant, without any adjustments for deemed Investment earnings and losses pursuant to Sections 4.2, 4.3 and 4.5, or (B) the credit balance of the Participant’s Account attributable to Deferrals, taking into account the adjustments for deemed Investment earnings and losses pursuant to Sections 4.2, 4.3 and 4.5, and/or (ii) repay to the Company (at such times as determined by the Administrative Committee) amounts previously distributed to the Participant under this Plan exclusive of amounts 
		

		 

		

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		attributable to Deferrals (without any adjustments for deemed Investment earnings and losses pursuant to Sections 4.2, 4.3 and 4.5) under this Plan, even though such amounts may have been previously vested under Article V. For purposes of determining the portion of the Participant’s Account attributable to Deferrals, any distributions made to a Participant before the date of determination (including any In-Service Distributions) shall be applied first to reduce the credit balance of the Participant’s Account attributable to Deferrals (exclusive of any associated Investment earnings).
		

		
			 
		

		
			(c)                    Administrative Committee Discretion.  The decision of the Administrative Committee as to the existence of a Forfeiture Event shall be final.  No decision of the Administrative Committee shall affect the finality of the discharge of the Participant by Sysco or a Subsidiary in any manner.
		

		
			 
		

		
			(d)                    Special Rule for Change of Control.  Notwithstanding the above, the forfeiture created by Sections 6.7(a) and 6.7(b), respectively, shall not apply to a Participant who: (i) is discharged during the Plan Year in which a Change of Control occurs, or during the next three (3) succeeding Plan Years following the Plan Year in which a Change of Controls occurs (the “Change of Control Period”) or (ii) during the Change of Control Period is determined by the Administrative Committee to have engaged in a Forfeiture Event, unless a court reviewing the Administrative Committee’s findings agrees with the Administrative Committee’s determination to apply the forfeiture.
		

		
			 
		

		
			6.8            Forfeiture for Competition.   
		

		
			 
		

		
			(a)                    Participant hereby recognizes that the Company would not be providing the valuable benefits conferred by this Plan but for Participant’s willingness to provide certain post-employment covenants designed to protect Sysco and its Subsidiaries’ valuable confidential information, trade secrets and goodwill, including, without limitation, its valuable customer and supplier relationships.  By accepting the benefits provided by this Plan, Participant acknowledges that Participant is engaging in an arms-length transaction of parties with equal bargaining power, recognizing that Participant may refuse to accept the benefits provided by this Plan and accordingly refuse to provide the covenants contained in this Section 6.8 without any impact on Participant’s continued employment with Sysco (or, as applicable, any Subsidiary).
		

		
			 
		

		
			(b)                    To the extent determined by the Administrative Committee, in its sole discretion, Participant shall (i) forfeit the entire amount credited to the Participant’s Account exclusive of the lesser of (A) the credit balance of the Participant’s Account attributable to Deferrals of the Participant, without any adjustments for deemed Investment earnings and losses pursuant to Sections 4.2, 4.3 and 4.5, or (B) the credit balance of the Participant’s Account attributable to Deferrals, taking into account the adjustments for deemed Investment earnings and losses pursuant to Sections 4.2, 4.3 and 4.5, and/or (ii) repay to the Company (at such times as determined by the Administrative Committee) amounts previously distributed to the Participant under this Plan exclusive of amounts attributable to Deferrals (without any adjustments for deemed Investment earnings and losses pursuant to Sections 4.2, 4.3 and 4.5) under this Plan, if the Administrative Committee finds, after full consideration of the facts, that Participant, at any time within five (5) years from Participant’s last day of employment and without written consent of Sysco’s Chief Executive Officer or General Counsel, directly or indirectly engages in any of the following acts: (1) provides services (regardless of whether as a director, officer, employee, consultant or independent contractor) that are substantially the same as provided to Sysco (or as applicable, any Subsidiary) to any business that competes with the business of  Sysco (or, if applicable, any Subsidiary if Participant worked for a Subsidiary as of Participant’s last day of employment) in any county where Sysco (or as applicable, any Subsidiary) that employed Participant sold product as of the date of this Plan, provided that Participant also worked in or had responsibility over such county or counties at any time during the last twenty-four (24) months of Participant’s employment with Sysco (or, as applicable, any Subsidiary); (2) solicits, entices or recruits for any business that competes with the business of Sysco (or, if applicable, any Subsidiary if Participant worked for a Subsidiary as of Participant’s last day of employment) any actual or prospective customer of Sysco (or as applicable, any Subsidiary) with whom Participant had contact at any time during Participant’s employment; (3) solicits, entices or recruits any employee of Sysco or any Subsidiary to leave such employment to join a competing business; or (4) discloses any trade secret or item of confidential 
		

		 

		

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		information of Sysco and/or any Subsidiary to a competing business. For purposes of determining the portion of the Participant’s Account attributable to Deferrals, any distributions made to a Participant before the date of determination shall be applied first to reduce the credit balance of the Participant’s Account attributable to Deferrals (exclusive of  any associated Investment earnings).
		

		
			 
		

		
			(c)                    Notwithstanding the foregoing, the forfeiture or repayment obligations created by this Section 6.8 shall not apply to any Participant whose termination of employment from Sysco or a Subsidiary occurs during the Change of Control Period.    
		

		
			 
		

		
			6.9            Hardship Withdrawals.  Any Participant may request a hardship withdrawal to satisfy an “Unforeseeable Emergency.”  No hardship withdrawal can exceed the lesser of (i) the amount of Deferrals credited to the Participant’s Account, or (ii) the amount reasonably necessary to satisfy the Unforeseeable Emergency.  Whether an Unforeseeable Emergency exists and the amount reasonably needed to satisfy such need shall be determined by the Administrative Committee based upon the evidence presented by the Participant and the rules established in this Section 6.9.  If a hardship withdrawal under this Section 6.9 is approved by the Administrative Committee, it shall be paid within ten (10) days of the Administrative Committee’s determination.  For purposes of this Plan, an “Unforeseeable Emergency” means either: (i) a severe financial hardship to the Participant resulting from an illness or accident of the Participant, the Participant’s spouse or of a dependent (as defined in Section 152(a) of the Code) of the Participant, (ii) loss of the Participant’s property due to casualty, or (iii) other similar extraordinary and unforeseeable circumstance arising as a result of events beyond the control of the Participant, provided that in each case the circumstances qualify as an “unforeseeable emergency” for purposes of Section 409A.  The circumstances that constitute a hardship shall depend upon the facts of each case, but, in any case, amounts distributed with respect to an Unforeseeable Emergency shall not exceed the amount necessary to satisfy such need plus amounts necessary to pay taxes reasonably anticipated as a result of the distribution, after taking into account the extent to which such need is or may be relieved:  (a) through reimbursement or compensation by insurance or otherwise (other than compensation that would otherwise be available to the Participant from either a tax-qualified plan or another non-qualified deferred compensation plan (irrespective of whether such non-qualified deferred compensation plan is subject to Section 409A of the Code)), (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) additional compensation that may be available to such Participant by reason of a cancellation of deferrals under Section 3.5 of this Plan.  Foreseeable needs for funds, such as the need to send a Participant’s child to college or the desire to purchase a home, shall not be considered to be an Unforeseeable Emergency.
		

		
			 
		

		
			6.10            Payments Upon Income Inclusion Under Section 409A.  It is intended that the provisions of this Plan shall comply fully with the requirements of Section 409A. In the event that it is determined that some or all of the provisions of this Plan do not comply with the requirements of Section 409A and a Participant is required to include in income amounts otherwise deferred under this Plan as a result of non-compliance with Section 409A, the Participant shall be entitled, upon request, to receive a distribution from such Participant’s Account not to exceed the lesser of (i) the vested portion of the Participant’s Account, or (ii) the amount required to be included in income as a result of the failure of the Plan to comply with the requirements of Section 409A. Amounts distributable pursuant to this Section 6.10 shall be distributed as soon as administratively feasible but no later than ninety (90) days after the date of the determination that such provisions of the Plan do not comply with the requirements of Section 409A.
		

		
			 
		

		
			6.11            Restrictions on any Portion of Total Payments Determined to be Excess Parachute Payments            .  If any payment or benefit received or to be received by a Participant in connection with a “change of control” (as defined in Section 280G of the Code and the Treasury Regulations thereunder) of Sysco would either (i) result in such payment or benefit not being deductible, whether in whole or in part, by Sysco or any Subsidiary, as a result of Section 280G of the Code, and/or (ii) result in the Participant being subject to the excise tax imposed under Section 4999 of the Code, then the benefits payable to the Participant under the Executive Retirement Plans shall be reduced until no portion of the Total Payments is not deductible as a result of Section 280G of the Code (and/or not subject to the excise tax imposed under Section 4999 of the Code) or the benefits payable under the Executive Retirement Plans that are treated as “parachute payments” (within the meaning of Section 280G(b)(2) of the Code) have been reduced to zero.  
		

		 

		

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		If a Participant is entitled to a benefit under more than one (1) of the Executive Retirement Plans, then the reduction shall be applied in the order determined by the Administrative Committee in its sole discretion.  In determining the amount of the reduction, if any, under this Plan: (a) no portion of the Total Payments which the Participant has waived in writing prior to the date of the payment of benefits under this Plan will be taken into account, (b) no portion of the Total Payments which tax counsel, selected by Sysco’s independent auditors and acceptable to the Participant and reasonably acceptable to Sysco (“Tax Counsel”), determines not to constitute a “parachute payment” within the meaning of Section 280G(b)(2) of the Code will be taken into account (including, without limitation, amounts not treated as a “parachute payment” as a result of the application of Section 280G(d)(4)(A)), (c) no portion of the Total Payments which Tax Counsel, determines to be reasonable compensation for services rendered within the meaning of Section 280G(d)(4)(B) of the Code will be treated as an “excess parachute payment” in the manner provided by Section 280G(d)(4)(B), and (d) the value of any non-cash benefit or any deferred payment or benefit included in the Total Payments will be determined by Sysco’s independent auditors in accordance with Sections 280G(b)(3) and (4) of the Code. Notwithstanding anything herein or otherwise to the contrary, the Compensation Committee, may, within its sole discretion and pursuant to an agreement approved by the Compensation Committee, waive application of this Section 6.11, when it determines that specific situations warrant such action.
		

		
			 
		

		
			6.12            Responsibility for Distributions and Withholding of Taxes.  The Administrative Committee shall furnish information, to the Company last employing the Participant, concerning the amount and form of distribution to any Participant entitled to a distribution so that the Company may make or cause the Trust to make the distribution required.  It shall 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.
		

		

		

		 

		

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			ARTICLE VII
		

		
			 
		

		
			ADMINISTRATION
		

		
			 
		

		
			7.1            Administrative Committee Appointment.  The Administrative Committee shall be appointed by the Compensation Committee.  Each Administrative Committee member shall serve until his or her resignation or removal.  The Compensation Committee or its designee shall have the sole discretion to remove any one or more Administrative Committee members and to appoint one or more replacement or additional Administrative Committee members from time to time.
		

		
			 
		

		
			7.2            Administrative Committee Organization and Voting.  The organizational structure and voting responsibilities of the Administrative Committee shall be as set forth in the bylaws of the Administrative Committee.
		

		
			 
		

		
			7.3            Powers of the Administrative Committee.  Except as provided under Section 7.8 or unless otherwise reserved to the Compensation Committee, the Administrative Committee shall have the exclusive responsibility for the general administration of the Plan according to the terms and provisions of the Plan and shall 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, interpret and apply 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:
		

		
			 
		

		
			(i)                                differences of opinion arising between the Company and a Participant in accordance with Section 7.7, 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, such difference of opinion shall be decided by judicial action; and
		

		
			 
		

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

		
			 
		

		
			(f)                    to delegate by written notice any plan administration duties of the Administrative Committee to such individual members of the Administrative Committee, individual employees of the Company, or groups of employees of the Company, as the Administrative Committee determines to be necessary or advisable to properly administer the Plan; and
		

		
			 
		

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

		
			 
		

		
			7.4            Committee Discretion.  The Administrative Committee (or, as applicable, the Compensation 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 pursuant to such authority using its sole discretion and judgment.  By way of amplification and without limiting the foregoing, the Company specifically intends that the Administrative Committee (or, as applicable, the Compensation 
		

		 

		

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		Committee) have the greatest possible discretionary authority to construe, interpret and apply the terms of the Plan and to determine all questions concerning eligibility, participation and benefits.  Any decision made by the Administrative Committee (or, as applicable, the Compensation Committee) or any refraining to act or any act taken by the Administrative Committee (or, as applicable, the Compensation Committee) in good faith shall be final and binding on all parties, subject to the provisions of Sections 7.7(a) through 7.7(c).  The Administrative Committee’s (or, as applicable, the Compensation Committee’s) decisions shall never be subject to de novo review.  Notwithstanding the foregoing, the Administrative Committee’s (or, as applicable, the Compensation 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 (3) succeeding Plan Years.
		

		
			 
		

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

		
			 
		

		
			7.6            Indemnification.  To the extent permitted by law, members of the Board of Directors, members of the Compensation Committee, members of the Administrative Committee, employees of the Company, and all agents and representatives of the Company shall be indemnified by the Company, and saved harmless against any claims resulting from any action or conduct relating to the administration of the Plan, except claims arising from gross negligence, willful neglect or willful misconduct.
		

		
			 
		

		
			7.7            Claims Procedure.  Any person who believes that he or she is being denied a benefit to which he or she is entitled under the Plan (referred to hereinafter as a “Claimant”) must file a written request for such benefit with the Administrative Committee; provided, however, that any claim involving entitlement to, the amount of or the method of or timing of payment of a benefit affected by a Change of Control shall be governed by Section 7.3(e)(i).  Such written request must set forth the Claimant’s claim and must be addressed to the Administrative Committee at Sysco’s principal office. 
		

		
			 
		

		
			(a)                    Initial Claims Decision.  The Administrative Committee shall generally provide written notice to the Claimant of its decision within ninety (90) days (or forty-five (45) days for a Disability-based claim) after the claim is filed with the Administrative Committee; provided, however, that the Administrative Committee may have up to an additional ninety (90) days (or up to two (2) thirty (30)  day periods for a Disability-based claim), to decide the claim, if the Administrative Committee determines that special circumstances require an extension of time to decide the claim, and the Administrative Committee advises the Claimant in writing of the need for an extension (including an explanation of the special circumstances requiring the extension) and the date on which it expects to decide the claim.  
		

		
			 
		

		
			(b)                    Appeals.  A Claimant may appeal the Administrative Committee’s decision by submitting a written request for review to the Administrative Committee within sixty (60) days (or one hundred eighty (180)  days for a Disability-based claim) after the earlier of receiving the denial notice or after expiration of the initial review period.  Such written request must be addressed to the Administrative Committee at Sysco’s principal office.  In connection with such request, the Claimant (and his or her authorized representative, if any) may review any pertinent documents upon which the denial was based and may submit issues and comments in writing for consideration by the Administrative Committee.  If the Claimant’s request for review is not received within the earlier of sixty (60) days (or one hundred eighty (180) days for a Disability-based claim) after receipt of the denial or after expiration of the initial review period, the denial shall be final, and the Claimant shall be barred and estopped from challenging the Administrative Committee’s determination.   
		

		
			 
		

		
			(c)                    Decision Following Appeal.  The Administrative Committee shall generally make its decision on the Claimant’s appeal in writing within sixty (60) days (or forty-five (45) days for a Disability-based claim) following its receipt of the Claimant’s request for appeal; provided, however, that the Administrative Committee may have up to an additional sixty (60) days (or forty-five (45) days for a Disability-based claim) to decide the claim, if the Administrative Committee determines that special circumstances require an extension of time to decide the claim and the Administrative Committee advises the Claimant in writing of the need for an extension (including an explanation of the special circumstances 
		

		 

		

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		requiring the extension) and the date on which it expects to decide the claim.  The Administrative Committee shall notify the Claimant of its decision on the Claimant’s appeal in writing, regardless of whether the decision is adverse.  
		

		
			 
		

		
			(d)                    Decisions Final; Procedures Mandatory.  A decision on appeal by the Administrative Committee shall be binding and conclusive upon all persons, and completion of the claims procedures described in this Section 7.7 shall be a mandatory precondition to commencement of any court proceeding in connection with the Plan by a person claiming rights under the Plan or by another person claiming rights through such a person.  The Administrative Committee may, in its sole discretion, waive the procedures described in this Section 7.7 as a mandatory precondition to such an action.
		

		
			 
		

		
			7.8            Compensation Committee Decisions.  Notwithstanding anything in the Plan to the contrary, any determination made with respect to the benefits or rights of an Executive Officer under this Plan shall not be made by the Administrative Committee but shall instead be made by the Compensation Committee, and each provision of the Plan otherwise governing such a determination shall be interpreted and construed to substitute the Compensation Committee for the Administrative Committee in such provision.
		

		

		

		 

		

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		ARTICLE VIII
		

		
			 
		

		
			ADOPTION BY SUBSIDIARIES
		

		
			 
		

		
			8.1            Procedure for and Status After Adoption.  Any Subsidiary may, with the approval of the Administrative Committee, adopt this Plan by appropriate action of its board of directors.  The terms of this Plan shall apply separately to each Subsidiary adopting this Plan and its Participants in the same manner as is expressly provided for Sysco and its Participants except that the powers of the Board of Directors, the Compensation Committee and the Administrative Committee under the Plan shall be exercised by the Board of Directors of Sysco, the Compensation Committee of the Board of Directors of Sysco or the Administrative Committee of Sysco, as applicable.  Sysco and each Subsidiary adopting this Plan shall bear the cost of providing plan benefits for its own Participants.  It is intended that the obligation of Sysco and each Subsidiary with respect to its Participants shall be the sole obligation of the Company that is employing the Participant and shall not bind any other Company.
		

		
			 
		

		
			8.2            Termination of Participation By Adopting Subsidiary.  Any Subsidiary adopting this Plan may, by appropriate action of its board of directors, terminate its participation in this Plan.  The Administrative Committee may, in its discretion, also terminate a Subsidiary’s participation in this Plan at any time.  The termination of the participation in this Plan by any Subsidiary shall not, however, affect the rights of any Participant who is working or has worked for the Subsidiary as to amounts previously standing to his credit in his Account in the Deferred Compensation Ledger, including, without limitation, all of the Participant’s rights pursuant to Sections 4.2,  4.3 and 4.4 with respect to amounts deferred by him and matched by the Company and credited to his Account, prior to the distribution of those funds to the Participant, without his consent.
		

		

		

		 

		

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		ARTICLE IX
		

		
			 
		

		
			AMENDMENT AND/OR TERMINATION
		

		
			 
		

		
			9.1            Amendment or Termination of the Plan.  The Compensation Committee may amend or terminate this Plan at any time by an instrument in writing without the consent of any adopting Subsidiary.  
		

		
			 
		

		
			9.2            No Retroactive Effect on Awarded Benefits.  Absent a Participant’s prior consent, no amendment shall:
		

		
			 
		

		
			(a)                    affect the amounts then standing to his credit in his Account in the Deferred Compensation Ledger;
		

		
			 
		

		
			(b)                    change the rate of or method of calculating interest to accrue in the future on Company Matches credited to a Participant’s Account prior to July 2, 2008; 
		

		
			 
		

		
			(c)                    change a Participant’s rights under any provision relating to a Change of Control after a Change of Control has occurred.
		

		
			However, the Compensation Committee shall retain the right at any time to (i) change in any manner the method of calculating Investment earnings and losses effective from and after the date of the amendment on the Participant’s Deferrals, and (ii) change the rate of or method of calculating interest, effective from and after the date of the amendment, to accrue on Company Matches credited to a Participant’s Account on or after July 2, 2008, if in both cases the amendment has been announced to the Participants.
		

		
			 
		

		
			9.3            Effect of Termination.  Upon termination of the Plan, the following provisions of this Section 9.3 shall apply:
		

		
			 
		

		
			(a)                    No additional amounts shall be credited to any Participant’s Account in the Deferred Compensation Ledger, to the extent such amounts relate to salaries or bonuses earned on or after the effective date of the Plan’s termination.
		

		
			 
		

		
			(b)                    The Compensation Committee may, in its sole discretion, authorize distributions of the vested balance of the Participants’ Accounts in the Deferred Compensation Ledger to Participants as a result of the Plan’s termination; provided that:
		

		
			 
		

		
			(i)                                All deferred compensation arrangements sponsored by the Company that would be aggregated with this Plan under Section 1.409A-1(c) of the Treasury Regulations, if the Participant participated in such arrangements are terminated;
		

		
			 
		

		
			(ii)                               No distributions other than distributions that would be payable under the terms of the Plan if the termination had not occurred are made within twelve (12) months of the termination of the Plan;
		

		
			 
		

		
			(iii)                             All distributions of amounts deferred under the Plan and any other vested amounts are paid within twenty-four (24) months of the termination of the Plan; and
		

		
			 
		

		
			(iv)                              The Company does not adopt a new deferred compensation arrangement at any time within three (3) years following the date of termination of the Plan that would be aggregated with this Plan under Section 1.409A-1(c) of the Treasury Regulations if the Participant participated in this Plan and the new arrangement. 
		

		
			 
		

		
			(c)                    Except as otherwise provided in Sections 9.3(a) and (b), on and after the effective date of the Plan’s termination, (i) the Plan shall continue to be administered as it was prior to the Plan’s termination until all Participant Account balances have been distributed pursuant to the terms of the Plan; (ii) a Participant shall continue to be entitled to a distribution of his Account only if he meets the distribution requirements set forth in Article 6 hereof; (iii) the forfeiture provisions of Sections 6.7 and 6.8, 
		

		 

		

			24

		

 

		

			 

		

		and the restrictions set out in Section 6.11 shall continue to apply; and (iv) no Participant shall be entitled to a distribution of the Participant’s Account solely as a result of the Plan’s termination in accordance with the terms of this Article IX. 
		

		

		

		 

		

			25

		

 

		

			 

		

		ARTICLE X
		

		
			 
		

		
			FUNDING
		

		
			 
		

		
			10.1       Payments Under This Plan are the Obligation of the Company.  The Company last employing a Participant shall pay the benefits due the Participant under this Plan; however, should it fail to do so when a benefit is due, then the benefit shall be paid by the Trust.  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       Plan May Be Funded Through the Trust.  It is specifically recognized by both the Company and the Participants that the Company may, but is not required to, purchase life insurance so as to accumulate assets to fund the obligations of the Company under this Plan, and that the Company may, but is not required to contribute any policy or policies it may purchase and any amounts or other assets it finds desirable to the Trust.  However, under all circumstances, the Participants shall have no rights to any of those policies or any other assets contributed to the Trust; and, likewise, under all circumstances, the rights of the Participants to the assets held in the Trust shall be no greater than the rights expressed in this Plan and the Trust Agreement.  Nothing contained in the Trust Agreement shall constitute a guarantee by the Company that assets of the Company transferred to the Trust shall 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.  The Trust Agreement must specify that Participants in this Plan are only unsecured general creditors of the Company in relation to their benefits under this Plan.
		

		
			 
		

		
			10.3       Reversion of Excess Assets.   Sysco may, at any time, request the record keeper for the Plan to determine the present Account balances, assuming the Account balances to be fully vested and taking into account credits and debits arising from deemed Investment earnings and losses or interest credited pursuant to Article IV, as of the month end coincident with or next preceding the request, of all Participants and Beneficiaries of deceased Participants for which the Company is or will be obligated to make payments under this Plan.  For periods prior to a Change of Control, 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 Account balances of all Participants and Beneficiaries under this Plan, Sysco may direct the Trustee to return to Sysco the assets which are in excess of the Account balances under this Plan.  For periods following a Change of Control, 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 Account balances of all Participants and Beneficiaries under this Plan by 10%, Sysco may direct the Trustee to return to Sysco the assets which are in excess of 110% of the Account balances under this Plan.  If there has been a Change of Control, to determine excess assets, all contributions made prior to the Change of Control shall 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.
		

		
			 
		

		
			10.4       Participants Must Rely Only on General Credit of the Company.  The Company and the Participants recognize that this Plan is only a general corporate commitment, and that each Participant is merely an unsecured general creditor of the Company with respect to any of the Company’s obligations under this Plan.
		

		

		

		 

		

			26

		

 

		

			 

		

		ARTICLE XI
		

		
			 
		

		
			MISCELLANEOUS
		

		
			 
		

		
			11.1            Limitation of Rights.  Nothing in this Plan shall 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 the compensation deferred, the Company Match, 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 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 shall 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            Distributions to Incompetents or Minors.  Should a Participant become incompetent or should a Participant designate a Beneficiary who is a minor or incompetent, the Administrative 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 Administrative Committee determines in its sole discretion.
		

		
			 
		

		
			11.3            Non-alienation of Benefits.  No right or benefit provided in this Plan shall 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 shall 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 shall 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 shall, in the discretion of the Administrative Committee, cease.  In that event, the Administrative 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 Administrative Committee believes to be proper in its sole and absolute discretion, but is not required to do so.
		

		
			 
		

		
			11.4            Reliance Upon Information.  No member of either the Administrative Committee or the Compensation Committee shall 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 Administrative Committee or the Compensation 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 shall be deemed to have been taken in good faith.
		

		
			 
		

		
			11.5            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 shall remain in full force and effect and shall in no way be affected, impaired or invalidated.
		

		
			 
		

		
			11.6            Notice.  Any notice or filing required or permitted to be given to the Administrative Committee or a Participant shall 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 
		

		 

		

			27

		

 

		

			 

		

		shall 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.
		

		
			 
		

		
			11.7            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.
		

		
			 
		

		
			11.8            Governing Law and Exclusive Jurisdiction.  The Plan shall be governed by the laws of the State of Delaware, except to the extent such laws are preempted by federal law.  Participant and the Company agree that the sole and exclusive jurisdiction for any dispute under this Plan shall lie in the United States District Court for the Southern District of Texas, and the parties hereby waive any jurisdictional or venue-related defense to litigating in this forum.  
		

		
			 
		

		
			11.9            Effective Date.  This Plan will be operative and effective on December 31, 2012.
		

		
			 
		

		
			11.10     Compliance with Section 409A.  The Plan (i) is intended to comply with, (ii) shall be interpreted and its provisions shall be applied in a manner that is consistent with, and (iii) shall have any ambiguities therein interpreted, to the extent possible, in a manner that complies with Section 409A.  
		

		

		

		 

		

			28

		

 

		

			 

		

		
		

		
			IN WITNESS WHEREOF, the Company has executed this document as of November 13, 2012, effective December 31, 2012.
		

		
			 
		

		
			SYSCO CORPORATION
		

		
			 
		

		
			 
		

		
			 
		

		
			By:            /s/ Russell T. Libby                        
		

		
			Name:            Russell T. Libby                        
		

		
			Title:            Senior Vice President, General Counsel
		

		
			and Secretary
		

		
			 
		

		

		

		 

		

			29

		

 

		

			 

		

		EXHIBIT “A”
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			SEVENTH AMENDED AND RESTATED 
		

		
			SYSCO CORPORATION 
		

		
			EXECUTIVE DEFERRED COMPENSATION PLAN
		

		
			 
		

		
			 
		

		
			INVESTMENT OPTIONS
		

		
			 
		

		
			 
		

		
			            The following are the “Investments” that are available under the Seventh Amended and Restated Sysco Corporation Executive Deferred Compensation Plan:
		

		
			 
		

		
			 
		

		
			
		

			
					
						Option

					
					
						Sub-Advisor/Manager

				
	
					
						Equity Income Trust

					
					
						T. Rowe Price Associates, Inc.

				
	
					
						500 Index B Trust

					
					
						MFC Global Investment Management USA Ltd.

				
	
					
						Mid-Value Trust

					
					
						T. Rowe Price Associates, Inc.

				
	
					
						JHT International Value

					
					
						Templeton Global Advisors Limited

				
	
					
						Small Cap Value Trust

					
					
						Wellington Management Company LLC

				
	
					
						Brandes International Equity Fund

					
					
						Brandes Investment Partners, LP

				
	
					
						Frontier Capital Appreciation

					
					
						Frontier Capital Management, LLC

				
	
					
						Bond Index B Trust

					
					
						Declaration Management & Research LLC

				

		
			 
		

		
			            Default Investment
		

		
			 
		

		
			            Moody’s Average Corporate Bond Yield calculated as described in the definition of Default Investment. 
		

		
			
		

		
			 
		

		
			 
		

		 

		

			30

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