Document:

Revolving Line of Credit Note dated May 1, 2004

 Exhibit 10.44 
  

			
	WELLS FARGO	  	REVOLVING LINE OF CREDIT NOTE
		
	$5,000,000.00	  	San Jose, California
	 	  	May 1, 2004

  
 FOR VALUE RECEIVED, the undersigned
SYMMETRICOM, INC. (“Borrower”) promises to pay to the order of WELLS FARGO BANK, NATIONAL ASSOCIATION (“Bank”) at its office at Santa Clara Technology RCBO, 121 Park Center Plaza, 3rd Floor, San Jose, CA 95113,
or at such other place as the holder hereof may designate, in lawful money of the United States of America and in immediately available funds, the principal sum of $5,000,000.00, or so much thereof as may be advanced and be outstanding,
with interest thereon, to be computed on each advance from the date of its disbursement as set forth herein. 
  

	1.	DEFINITIONS: 

  
 As used herein, the following terms shall have the meanings set forth after each, and any other term defined in this Note shall have the meaning set forth
at the place defined: 
  
 1.1 “Business Day” means any day except a
Saturday, Sunday or any other day on which commercial banks in California are authorized or required by law to close. 
  
 1.2 “Fixed Rate Term” means a period commencing on a Business Day and continuing for 1, 2 or 3 months, as designated by Borrower, during which all or a
portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than $100,000.00; and provided further, that no
Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day. 
  
 1.3 “LIBOR” means the rate per annum (rounded upward, if necessary, to the nearest
whole 1/8 of 1%) determined by dividing Base LIBOR by a percentage equal to 100% less any LIBOR Reserve Percentage. 
  
 (a) “Base LIBOR” means the rate per annum for United States dollar deposits quoted by Bank as the Inter-Bank Market Offered Rate, with the
understanding that such rate is quoted by Bank for the purpose of calculating effective rates of interest for loans making reference thereto, on the first day of a Fixed Rate Term for delivery of funds on said date for a period of time approximately
equal to the number of days in such Fixed Rate Term and in an amount approximately equal to the principal amount to which such Fixed Rate Term applies. Borrower understands and agrees that Bank may base its quotation of the Inter-Bank Market Offered
Rate upon such offers or other market indicators of the Inter-Bank Market as Bank in its discretion deems appropriate including, but not limited to, the rate offered for U.S. dollar deposits on the London Inter-Bank Market. 
  
 (b) “LIBOR Reserve Percentage” means the reserve percentage
prescribed by the Board of Governors of the Federal Reserve System (or any successor) for “Eurocurrency Liabilities” (as defined in Regulation D of the Federal Reserve Board, as amended), adjusted by Bank for expected changes in such
reserve percentage during the applicable Fixed Rate Term. 
  
 1.4 “Prime
Rate” means at any time the rate of interest most recently announced within Bank at its principal office as its Prime Rate, with the understanding that the Prime Rate is one of Bank’s base rates and serves as the basis upon which effective
rates of interest are calculated for those loans making reference thereto, and is evidenced by the recording thereof after its announcement in such internal publication or publications as Bank may designate. 
  

 Page 1 

	2.	INTEREST: 

  
 2.1 Interest. The outstanding principal balance of this Note shall bear interest (computed on the basis of a 360-day year, actual days elapsed) either (a) at a fluctuating rate per annum equal to
the Prime Rate in effect from time to time, or (b) at a fixed rate per annum determined by Bank to be 2.00000% above LIBOR in effect on the first day of the applicable Fixed Rate Term. When interest is determined in relation to the Prime
Rate, each change in the rate of interest hereunder shall become effective on the date each Prime Rate change is announced within Bank. With respect to each LIBOR selection option selected hereunder, Bank is hereby authorized to note the date,
principal amount, interest rate and Fixed Rate Term applicable thereto and any payments made thereon on Bank’s books and records (either manually or by electronic entry) and/or on any schedule attached to this Note, which notations shall be
prima facie evidence of the accuracy of the information noted. 
  
 2.2
Selection of Interest Rate Options. At any time any portion of this Note bears interest determined in relation to LIBOR, it may be continued by Borrower at the end of the Fixed Rate Term applicable thereto so that all or a portion thereof
bears interest determined in relation to the Prime Rate or to LIBOR for a new Fixed Rate Term designated by Borrower. At any time any portion of this Note bears interest determined in relation to the Prime Rate, Borrower may convert all or a portion
thereof so that it bears interest determined in relation to LIBOR for a Fixed Rate Term designated by Borrower. At such time as Borrower requests an advance hereunder or wishes to select a LIBOR option for all or a portion of the outstanding
principal balance hereof, and at the end of each Fixed Rate Term, Borrower shall give Bank notice specifying: (a) the interest rate option selected by Borrower; (b) the principal amount subject thereto; and (c) for each LIBOR selection, the length
of the applicable Fixed Rate Term. Any such notice may be given by telephone (or such other electronic method as Bank may permit) so long as, with respect to each LIBOR selection, (i) if requested by Bank, Borrower provides to Bank written
confirmation thereof not later than 3 Business Days after such notice is given, and (ii) such notice is given to Bank prior to 10:00 a.m. on the first day of the Fixed Rate Term, or at a later time during any Business Day if Bank, at it’s sole
option but without obligation to do so, accepts Borrower’s notice and quotes a fixed rate to Borrower. If Borrower does not immediately accept a fixed rate when quoted by Bank, the quoted rate shall expire and any subsequent LIBOR request from
Borrower shall be subject to a redetermination by Bank of the applicable fixed rate. If no specific designation of interest is made at the time any advance is requested hereunder or at the end of any Fixed Rate Term, Borrower shall be deemed to have
made a Prime Rate interest selection for such advance or the principal amount to which such Fixed Rate Term applied. 
  
 2.3 Taxes and Regulatory Costs. Borrower shall pay to Bank immediately upon demand, in addition to any other amounts due or to become due hereunder, any and all
(a) withholdings, interest equalization taxes, stamp taxes or other taxes (except income and franchise taxes) imposed by any domestic or foreign governmental authority and related in any manner to LIBOR, and (b) future, supplemental, emergency or
other changes in the LIBOR Reserve Percentage, assessment rates imposed by the Federal Deposit Insurance Corporation, or similar requirements or costs imposed by any domestic or foreign governmental authority or resulting from compliance by Bank
with any request or directive (whether or not having the force of law) from any central bank or other governmental authority and related in any manner to LIBOR to the extent they are not included in the calculation of LIBOR. In determining which of
the foregoing are attributable to any LIBOR option available to Borrower hereunder, any reasonable allocation made by Bank among its operations shall be conclusive and binding upon Borrower. 
  
 2.4 Payment of Interest. Interest accrued on this Note shall be payable on the 1st
day of each month, commencing June 1, 2004. 
  
 2.5 Default
Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in
full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to 4% above the rate of interest from time to time applicable to this Note. 
  

 Page 2 

	3.	BORROWING AND REPAYMENT: 

  
 3.1 Borrowing and Repayment. Borrower may from time to time during the term of this Note borrow, partially or wholly repay its outstanding borrowings, and
reborrow, subject to all of the limitations, terms and conditions of this Note and of the Credit Agreement between Borrower and Bank defined below; provided however, that the total outstanding borrowings under this Note shall not at any time exceed
the principal amount stated above. The unpaid principal balance of this obligation at any time shall be the total amounts advanced hereunder by the holder hereof less the amount of principal payments made hereon by or for any Borrower, which balance
may be endorsed hereon from time to time by the holder. The outstanding principal balance of this Note shall be due and payable in full on March 1, 2005. 
  

3.2 Advances. Advances hereunder, to the total amount of the principal sum available hereunder, may be made by the holder at the oral or written request of (a)
William Slater, any one acting alone, who are authorized to request advances and direct the disposition of any advances until written notice of the revocation of such authority is received by the holder at the office designated above, or (b)
any person, with respect to advances deposited to the credit of any deposit account of any Borrower, which advances, when so deposited, shall be conclusively presumed to have been made to or for the benefit of each Borrower regardless of the fact
that persons other than those authorized to request advances may have authority to draw against such account. The holder shall have no obligation to determine whether any person requesting an advance is or has been authorized by any Borrower.

  
 3.3 Application of Payments. Each payment made on this Note shall be
credited first, to any interest then due and second, to the outstanding principal balance hereof. All payments credited to principal shall be applied first, to the outstanding principal balance of this Note which bears interest determined in
relation to the Prime Rate, if any, and second, to the outstanding principal balance of this Note which bears interest determined in relation to LIBOR, with such payments applied to the oldest Fixed Rate Term first. 
  

	4.	PREPAYMENT: 

  
 4.1 Prime Rate. Borrower may prepay principal on any portion of this Note which bears interest determined in relation to the Prime Rate at any time, in any amount and without penalty. 
  
 4.2 LIBOR. Borrower may prepay principal on any portion of this Note which bears
interest determined in relation to LIBOR at any time and in the minimum amount of $100,000.00; provided however, that if the outstanding principal balance of such portion of this Note is less than said amount, the minimum prepayment amount
shall be the entire outstanding principal balance thereof. In consideration of Bank providing this prepayment option to Borrower, or if any such portion of this Note shall become due and payable at any time prior to the last day of the Fixed Rate
Term applicable thereto by acceleration or otherwise, Borrower shall pay to Bank immediately upon demand a fee which is the sum of the discounted monthly differences for each month from the month of prepayment through the month in which such Fixed
Rate Term matures, calculated as follows for each such month: 
  
 (a) Determine the amount of interest which would have accrued each month on the amount prepaid at the interest rate applicable to such amount had it remained outstanding until the last day of the Fixed Rate Term applicable thereto.

  
 (b) Subtract from the amount determined in (a) above
the amount of interest which would have accrued for the same month on the amount prepaid for the remaining term of such Fixed Rate Term at LIBOR in effect on the date of prepayment for new loans made for such term and in a principal amount equal to
the amount prepaid. 
  
 (c) If the result obtained in (b) for any
month is greater than zero, discount that difference by LIBOR used in (b) above. 
  

 Page 3 

 Each Borrower acknowledges that prepayment of such amount may result in Bank incurring additional costs; expenses and/or
liabilities, and that it is difficult to ascertain the full extent of such costs, expenses and/or liabilities. Each Borrower, therefore, agrees to pay the above-described prepayment fee and agrees that said amount represents a reasonable estimate of
the prepayment costs, expenses and/or liabilities of Bank. If Borrower fails to pay any prepayment fee when due, the amount of such prepayment fee shall thereafter bear interest until paid at a rate per annum 2.000% above the Prime Rate in
effect from time to time (computed on the basis of a 360-day year, actual days elapsed). Each change in the rate of interest on any such past due prepayment fee shall become effective on the date each Prime Rate change is announced within
Bank. 
  

	5.	EVENTS OF DEFAULT: 

  
 This Note is made pursuant to and is subject to the terms and conditions of that certain Credit Agreement between Borrower and Bank dated as of May 1,
2004, as amended from time to time (the “Credit Agreement”). Any default in the payment or performance of any obligation under this Note, or any defined event of default under the Credit Agreement, shall constitute an “Event of
Default” under this Note. 
  

	6.	MISCELLANEOUS: 

  
 6.1 Remedies. Upon the occurrence of any Event of Default, the holder of this Note, at the holder’s option, may declare all sums of principal and interest outstanding hereunder to be immediately due and
payable without presentment, demand, notice of nonperformance, notice of protest, protest or notice of dishonor, all of which are expressly waived by each Borrower, and the obligation, if any, of the holder to extend any further credit hereunder
shall immediately cease and terminate. Each Borrower shall pay to the holder immediately upon demand the full amount of all payments, advances, charges, costs and expenses, including reasonable attorneys’ fees (to include outside counsel fees
and all allocated costs of the holder’s in-house counsel), expended or incurred by the holder in connection with the enforcement of the holder’s rights and/or the collection of any amounts which become due to the holder under this Note,
and the prosecution or defense of any action in any way related to this Note, including without limitation, any action for declaratory relief, whether incurred at the trial or appellate level, in an arbitration proceeding or otherwise, and including
any of the foregoing incurred in connection with any bankruptcy proceeding (including without limitation, any adversary proceeding, contested matter or motion brought by Bank or any other person) relating to any Borrower or any other person or
entity. 
  
 6.2 Obligations Joint and Several. Should more than one person
or entity sign this Note as a Borrower, the obligations of each such Borrower shall be joint and several. 
  
 6.3 Governing Law. This Note shall be governed by and construed in accordance with the laws of the State of California. 
  

IN WITNESS WHEREOF, the undersigned has executed this Note as of the date first written above. 
  

			
	 SYMMETRICOM, INC.

		
	 By:
	 	 /s/ William Slater

	 	 	 William Slater, Chief Financial Officer

  

 Page 4Form of Accelerated Restricted Stock Agreement

 Exhibit 10.2 
  
 DEL MONTE FOODS COMPANY 
 PERFORMANCE ACCELERATED RESTRICTED STOCK 
 AGREEMENT 
  
 This agreement (the “Agreement”) contains the terms and conditions
under which the Compensation Committee of the Board (the “Committee”), on behalf of Del Monte Foods Company (“Company”) has granted to you,
                             (the “Participant”), as of September 12, 2003, and pursuant to
the Del Monte Foods Company 2002 Stock Incentive Plan (the “Plan”), units representing the Common Stock of the Company known as “Performance Accelerated Restricted Stock” (“PARS”), in order to encourage you to continue
in the Company’s employment and contribute to its growth and success. 
  
 1.        Grant of PARS. The PARS grant consists of units representing              shares of the
Common Stock of the Company, which the Company has issued to the Participant as of the date hereof as a separate incentive in connection with his or her service to the Company and not in lieu of any salary or other compensation for his or her
services. The PARS also shall include any new, additional, or different securities or units representing such securities the Participant may become entitled to receive with respect to such PARS by virtue of any increase or decrease in the number of
issued shares of Common Stock resulting from a subdivision or consolidation of shares of Common Stock, or the payment of a stock dividend (but only on shares of Common Stock), or any other increase or decrease in the number of such shares effected
without receipt or payment of consideration by the Company, or any change in the capitalization of the Company pursuant to Section 10(b) of the Plan, or by virtue of any Change of Control or other transaction pursuant to Section 10(c) of the Plan.
The PARS shall be subject to the Restrictions pursuant to Section 3 of this Agreement. 
  
 2.        Participant’s Account; Certain Rights in Respect of PARS. 
  
 (a)        The PARS granted to the Participant shall be entered into an account in the Participant’s name.
This account shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the number of shares of Common Stock to be paid to or in respect of a Participant pursuant to this Agreement.

  
 (b)        During the
period before the release of the Restrictions on the PARS as provided in Section 4, the Participant shall have no voting rights in respect of the PARS. 
  
 (c)        Dividend equivalents will be credited in the form of additional PARS to the Participant’s
account, based on the Fair Market Value of Common Stock on the date the dividend is issued. 

 3.        Restrictions. Prior to their release from the
Restrictions as provided in Section 4, all PARS held for or in respect of the Participant, and the shares of Common Stock that such PARS represent, may not be assigned, transferred, or otherwise encumbered or disposed of by the Participant.

  
 4.        Release
of PARS from Restrictions. 
  
 (a)        Subject to the provisions of paragraph (d) of this Section 4, the Restrictions shall cease to apply to the PARS granted under this Agreement on September 12, 2008, or upon the earlier
occurrence of a Change of Control or the death or Disability of the Participant; provided, however, that release of the PARS from the Restrictions shall be accelerated as provided in paragraphs (b) and (c) of this Section 4. Upon the
release of the PARS from the Restrictions (except if receipt of the PARS is deferred as provided in Section 5), the Participant shall be paid the value of his or her account in the form of Common Stock. No fractional shares of Common Stock will be
issued. If the calculation of the number of shares of Common Stock to be issued results in fractional shares, then the number of shares of Common Stock will be rounded up to the nearest whole share of Common Stock. 
  
 (b)        The Committee, in its sole
discretion, shall define a peer group of companies (the “Comparator Group”), either within or without the Company’s industry, against which the Company’s Total Shareholder Return (“TSR”) will be compared. The Comparator
Group shall be identified as soon as practicable after the date of this Agreement and may be changed by the Committee from time to time. Any adjustment to the TSR calculation to account for changes in the Comparator Group, including changes in the
capitalization of Comparator Group companies (due to stock splits, mergers, spin-offs, etc.), will be made at the sole discretion of the Committee. If the Company achieves the designated TSR targets, the Restrictions shall cease to apply to the PARS
at the end of the last day of the applicable fiscal year of the Company, according to the following schedule: 
  
 Accelerated Vesting Schedule for TSR Targets 
  

					
	Target	  	Achievement Date	  	 Percent of PARS Released
 from Restrictions as of
 Achievement Date

			
	 Company TSR 3
75th percentile

 of Comparator Group
	  	Target must be achieved as of
fiscal year end 2006	  	100%
	Company TSR 3 55th percentile
of Comparator Group	  	Target must be achieved as of
fiscal year end 2007	  	100%

  
 The Committee shall have sole
discretion to determine whether the TSR targets have been achieved and whether the Restrictions shall be released from the PARS. The Committee’s determinations pursuant to the exercise of discretion with respect to all matters described in this
paragraph shall be final and binding on the Participant. 
  

 2 

 (c)        In the case of the Participant’s retirement under
a retirement plan of the Company or a Subsidiary prior to the time at which the PARS otherwise would be released from the Restrictions pursuant to paragraphs (a) or (b) of this Section 4, the Restrictions shall cease to apply as to twenty
percent (20%) of the PARS for each year of completed Service accrued by the Participant between the date of this Agreement and the Participant’s retirement. 
  
 (d)        Upon the termination of the Participant’s employment for any reason
other than the Participant’s death or Disability, any PARS that remain subject to the Restrictions at such time shall be forfeited by the Participant to the Company. 
  
 5.        Deferral. The Committee has the right to determine, in its sole
discretion, whether Participants shall be permitted to elect to defer the receipt of a distribution of Common Stock in respect of the PARS under a deferral plan of the Company, in which case the PARS would remain as stock equivalent units in the
Participant’s account. Stock equivalent units held in the Participant’s account pursuant to this Section 5 shall accrue dividend equivalents that will be credited in the form of additional stock equivalent units to the Participant’s
account, based on the Fair Market Value of Common Stock on the date the dividend is issued. At the end of the deferral period, all stock equivalent units will be converted and distributed to the Participant in the form of Common Stock. No fractional
shares of Common Stock will be issued. If the calculation of the number of shares of Common Stock to be issued results in fractional shares, then the number of shares of Common Stock will be rounded up to the nearest whole share of Common Stock.

  
 6.        Designation of Beneficiary. The Participant may designate a beneficiary or beneficiaries to whom, along with all other grants or awards made to the Participant under the Plan,
the Common Stock that is distributed on account of the PARS that become vested at the Participant’s death shall be transferred. A Participant shall designate his or her beneficiary by executing the “2002 Stock Incentive Plan Beneficiary
Designation and Spousal Consent Form” and returning it to the Corporate Secretary. Any form so submitted shall replace, in respect of all grants or awards made to the Participant under the Plan, any previous version of the same form the
Participant may have submitted to the Corporate Secretary. A Participant shall have the right to change his or her beneficiary from time to time by executing a subsequent “2002 Stock Incentive Plan Beneficiary Designation and Spousal Consent
Form” and otherwise complying with the terms of such form and the Committee’s rules and procedures, as in effect from time to time. The Committee shall be entitled to rely on the last “2002 Stock Incentive Plan Beneficiary Designation
and Spousal Consent Form” submitted by the Participant, and accepted by the Corporate Secretary, prior to such Participant’s death. In the absence of such designation of beneficiary, Common Stock that is distributed on account of PARS that
become vested at the Participant’s death will be transferred to the Participant’s surviving spouse, or if none, to the Participant’s estate. If the Committee has any doubt as to the proper beneficiary, the Committee shall have the
right, exercisable in its sole discretion, to withhold such payments until this matter is resolved to the Committee’s satisfaction. 
  
 7.        Taxes. The Company may, in its discretion, make such provisions and take such steps as it may
deem necessary or appropriate for the withholding of all federal, state, local and other taxes required by law to be withheld with respect to the vesting of any PARS or the distribution of Common Stock on account of the vesting of any PARS,
including, but not limited 
  

 3 

 to, withholding shares of Common Stock granted under this Agreement equal in value to such withholding taxes, deducting
the amount of such withholding taxes from any other amount then or thereafter payable to the Participant, or requiring the Participant or the beneficiary or legal representative of the Participant to pay in cash to the Company the amount required to
be withheld or to execute such documents as the Company deems necessary or desirable to enable it to satisfy its withholding obligations. 
  
 8.         No Special Rights; No Right to Future Awards. Nothing contained in this Agreement shall confer
upon any Participant any right with respect to the continuation of his or her service with the Company, or any right to receive any other grant, bonus, or other award. 
  
 9.        Address for Notices. Any notice to be given to the Company under
the terms of this Agreement shall be addressed to the Company, in care of its Corporate Secretary, at One Market @ the Landmark, San Francisco, CA 94105, or at such other address as the Company may hereafter designate in writing. 
  
 10.        Other Benefits. The
benefits provided to the Participant pursuant to this Agreement are in addition to any other benefits available to such Participant under any other plan or program of the Company. The Agreement shall supplement and shall not supersede, modify, or
amend any other such plan or program except as may otherwise be expressly provided. 
  
 11.        Plan Governs. This Agreement is subject to all of the terms and provisions of the Plan. In the event of a conflict between one or more provisions of this
Agreement and one or more provisions of the Plan, the provisions of the Plan shall govern. Capitalized terms and phrases used and not defined in this Agreement shall have the meaning set forth in the Plan. 
  
 12.        Governing Law. This
Agreement shall be governed by and construed in accordance with the laws of the State of California, without reference to its principles of conflicts of laws. 
  

 4 

 13.        Committee Authority. The Committee shall have
all discretion, power, and authority to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation, and application of the Plan as are consistent therewith. All actions taken and all interpretations and
determinations made by the Committee in good faith shall be final and binding upon the Participant, the Company, and all other interested persons, and shall be given the maximum deference permitted by law. No member of the Committee shall be
personally liable for any action, determination, or interpretation made in good faith with respect to the Plan or this Agreement. 
  
 14.        Captions. The captions provided herein are for convenience only and are not to serve as a basis
for the interpretation or construction of this Agreement. 
  
 15.        Agreement Severable. In the event that any provision in this Agreement shall be held invalid or unenforceable, such provision shall be severable from, and such invalidity or
unenforceability shall not be construed to have any effect on, the remaining provisions of this Agreement. 
  
 16.        Definitions. For purposes of this Agreement, the following words and phrases shall have the
following meanings unless a different meaning is plainly required by the context: 
  

	 	(a)	“Board” shall mean the Board of Directors of the Company. 

  

	 	(b)	“Change of Control” shall mean the occurrence of one or more of the following events: 

  

	 	(i)	any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all or substantially all of the assets of the Company to any individual,
partnership, corporation, limited liability company, unincorporated organization, trust or joint venture, or a governmental agency or political subdivision thereof (a “Person”) or group of related Persons for purposes of Section 13(d) of
the Securities Exchange Act of 1934, as amended (a “Group”), together with any Affiliates (as defined below) thereof; 

  

	 	(ii)	the approval by the holders of any and all shares, interests, participations or other equivalents (however designated and whether or not voting) of corporate stock, including each
class of Common Stock and preferred stock, of the Company (“Capital Stock”) of any plan or proposal for the liquidation or dissolution of the Company; 

  

	 	(iii)	any Person or Group shall become the owner, directly or indirectly, beneficially or of record, of shares representing more than 40% of the aggregate ordinary voting power
represented by the issued and outstanding Capital Stock (the “Voting Stock”) of the Company; 

  

	 	(iv)	the replacement of a majority of the Board of Directors of the Company (the “Board of Directors”) over a two-year period 

  

 5 

 commencing after the Effective Date of the Plan, from the directors who constituted the Board of
Directors at the beginning of such period, and such replacement shall not have been approved by a vote of at least a majority of the Board of Directors then still in office who either were members of such Board of Directors at the beginning of such
period (any such individual who was a director at the beginning of such period or is so approved, nominated, or designated being referred to herein as an “Incumbent Director”) or whose election as a member of such Board of Directors was
previously approved; provided, however, that no individual shall be considered an Incumbent Director if the individual initially assumed office as a result of either an actual or threatened “Election Contest” (as described in Rule
14a-11 promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board of Directors (a “Proxy Contest”) including by reason of any agreement intended to
avoid or settle any Election Contest or Proxy Contest; or 
  

	 	(v)	a merger or consolidation involving the Company in which the Company is not the surviving corporation, or a merger or consolidation involving the Company in which the Company is the
surviving corporation but the holders of shares of Common Stock receive securities of another corporation and/or other property, including cash, or any other similar transaction. 

  
 For purposes of this Paragraph 16(b), “Affiliate” shall mean, with
respect to any specified Person, any other Person who directly or indirectly through one or more intermediaries controls, or is controlled by, or is under common control with, such specified Person. The term “control” means the possession,
directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” or
“controlled” have meanings correlative of the foregoing. 
  

	 	(c)	“Disability” shall mean physical or mental disability as a result of which the Participant is unable to perform the essential functions of his or her position, even
with reasonable accommodation, for six (6) consecutive months. Any dispute as to whether or not the Participant is so disabled shall be resolved by a physician reasonably acceptable to the Participant and the Company whose determination shall be
final and binding upon both the Participant and the Company. Notwithstanding the foregoing provisions of this Paragraph 16(c), “Disability,” when used in connection with the termination of the employment with the Company of an
Participant who at the time of such termination is a party to a written 

  

 6 

 employment or retention agreement with the Company, shall have the meaning assigned to such term in such
agreement. 
  

	 	(d)	“Restrictions” means those restrictions on the PARS set forth in Section 3. 

  

	 	(e)	“Total Shareholder Return” means, for any stock of a Comparator Group company, the number determined by (1) subtracting the average of the closing prices or, for
days on which no trading occurred, the last bid prices for each business day during a specified calendar month on the stock’s principal exchange or national over-the-counter market quotation system (the “Average Closing Price”) from
the sum of (a) the Average Closing Price of that stock for a subsequent specified calendar month (adjusted for stock splits, recapitalizations, or similar events) and (b) all dividends paid between the first day of the first specified month and the
last day of the second specified calendar month and (2) dividing the result obtained in step (1) by the Average Closing Price for the first specified calendar month. 

  

	 	(f)	Any capitalized terms not defined in this Agreement shall have the meaning provided in the Plan. 

  

					
	DEL MONTE FOODS COMPANY	 	PARTICIPANT
			
	 By:
	 	  

	 	

	 Title:
	 	V. P. Corporate Human Resources	 	 

  

 7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}]]