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                                                                    EXHIBIT 10.1

       BURLINGTON NORTHERN SANTA FE 1999 STOCK INCENTIVE PLAN, AS AMENDED

                                    SECTION 1

                              STATEMENT OF PURPOSE

     1.1. The BURLINGTON NORTHERN SANTA FE 1999 STOCK INCENTIVE PLAN (the
"Plan") has been established by BURLINGTON NORTHERN SANTA FE CORPORATION (the
"Company") to:

     (a)  attract and retain executive, managerial and other salaried employees;

     (b)  motivate participating employees, by means of appropriate incentives,
          to achieve long-range goals;

     (c)  provide incentive compensation opportunities that are competitive with
          those of other major corporations; and

     (d)  further identify a Participant's interests with those of the Company's
          other stockholders through compensation that is based on the Company's
          common stock;

and thereby promote long-term financial interest of the Company and the Related
Companies, including the growth in value of the Company's equity and enhancement
of long-term stockholder return.

                                    SECTION 2

                                   DEFINITIONS

     2.1. Unless the context indicates otherwise, the following terms shall have
the meanings set forth below:

     (a)  Award. The term "Award" shall mean any award or benefit granted to any
          Participant under the Plan, including, without limitation, the grant
          of Options, Restricted Stock, Restricted Stock Units, Performance
          Stock, or Stock acquired through purchase under Section 10.

     (b)  Board. The term "Board" shall mean the Board of Directors of the
          Company.

     (c)  Cause. The term "Cause" shall mean (a) the willful and continued
          failure by the Participant to substantially perform his duties with
          the Company (other than any such failure resulting from his incapacity
          due to physical or mental illness), or (b) the willful engaging by the
          Participant in conduct which is demonstrably and materially injurious
          to the Company, monetarily or otherwise. For purposes of this
          definition, no act, or failure to act, shall be deemed "willful"
          unless done, or omitted to be done, by the Participant not in good
          faith and without reasonable belief that his action or omission was in
          the best interest of the Company.

     (d)  Change in Control. A "Change in Control" shall be deemed to have
          occurred if

          (1)  any "person" as such term is used in Sections 13(d) and 14(d) of
               the Securities Exchange Act of 1934, as amended (the "Exchange
               Act") (other than the Company, any trustee or other fiduciary
               holding securities under an employee benefit plan of the Company,
               or any company

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               owned, directly or indirectly, by the stockholders of the Company
               in substantially the same proportions as their ownership of stock
               of the Company), is or becomes the "beneficial owner" (as defined
               in Rule 13d-3 under the Exchange Act), directly or indirectly, of
               securities of the Company representing 25% or more of the
               combined voting power of the Company's then outstanding
               securities;

          (2)  during any period of two consecutive years (not including any
               period prior to the effective date of this provision),
               individuals who at the beginning of such period constitute the
               Board, and any new director (other than a director designated by
               a person who has entered into an agreement with the Company to
               effect a transaction described in clause (1), (3) or (4) of this
               definition) whose election by the Board or nomination for
               election by the Company's stockholders was approved by a vote of
               at least two-thirds (2/3) of the directors then still in office
               who either were directors at the beginning of the period or whose
               election or nomination for election was previously so approved,
               cease for any reason to constitute at least a majority thereof;

          (3)  the stockholders of the Company approve a merger or consolidation
               of the Company with any other company other than (i) a merger or
               consolidation which would result in the voting securities of the
               Company outstanding immediately prior thereto continuing to
               represent (either by remaining outstanding or by being converted
               into voting securities of the surviving entity) more than 80% of
               the combined voting power of the voting securities of the Company
               (or such surviving entity) outstanding immediately after such
               merger or consolidation, or (ii) a merger or consolidation
               effected to implement a recapitalization of the Company (or
               similar transaction) in which no "person" (as hereinabove
               defined) acquires more than 25% of the combined voting power of
               the Company's then outstanding securities; or

          (4)  the stockholders of the Company adopt a plan of complete
               liquidation of the Company or approve an agreement for the sale
               or disposition by the Company of all or substantially all of the
               Company's assets. For purposes of this clause (4), the term "the
               sale or disposition by the Company of all or substantially all of
               the Company's assets" shall mean a sale or other disposition
               transaction or series of related transactions involving assets of
               the company or of any direct or indirect subsidiary of the
               Company (including the stock of any direct or indirect subsidiary
               of the Company) in which the value of the assets or stock being
               sold or otherwise disposed of (as measured by the purchase price
               being paid therefor or by such other method as the Board of
               Directors of the Company determines is appropriate in a case
               where there is no readily ascertainable purchase price)
               constitutes more than two-thirds of the fair market value of the
               Company (as hereinafter defined). For purposes of the preceding
               sentence, the "fair market value of the Company" shall be the
               aggregate market value of the outstanding shares of Stock (on a
               fully diluted basis) plus the aggregate market value of the
               Company's other outstanding equity securities. The aggregate
               market value of the shares of Stock (on a fully diluted basis)
               outstanding on the date of the execution and delivery of a
               definitive agreement with respect to the transaction or series of
               related transactions (the "Transaction Date") shall be determined
               by the average closing price of the shares of Stock for the ten
               trading days immediately preceding the Transaction Date. The
               aggregate market value of any other equity securities of the
               Company shall be determined in a manner similar to that
               prescribed in the immediately preceding sentence for determining
               the aggregate market value of the shares of Stock or by such
               other method as the Board of Directors of the Company shall
               determine is appropriate.

               Notwithstanding the foregoing, a merger, consolidation,
               acquisition of common control, or business combination of the
               Company and a Class I Railroad or a holding company of a

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               Class I railroad that is approved by the Board shall not
               constitute a "Change in Control" unless the Board makes a
               determination that the transaction shall constitute a "Change in
               Control".

          (e)  Code. The term "Code" means the Internal Revenue Code of 1986, as
               amended. A reference to any provision of the Code shall include
               reference to any successor provision of the Code.

          (f)  Date of Termination. A Participant's "Date of Termination" shall
               be the date on which his employment with all Employers and
               Related Companies terminates for any reason; provided that a Date
               of Termination shall not be deemed to occur by reason of a
               transfer of the Participant between the Company and a Related
               Company (including Employers) or between two Related Companies
               (including Employers); and further provided that unless agreed
               otherwise by the Participant, a Participant's employment shall
               not be considered terminated while the Participant is on a leave
               of absence from an Employer or a Related Company approved by the
               Participant's employer.

          (g)  Disability. Except as otherwise provided by the Committee, a
               Participant shall be considered to have a "Disability" during the
               period in which he is unable, by reason of a medically
               determinable physical or mental impairment, to engage in any
               substantial gainful activity, which condition, in the discretion
               of the Committee, is expected to have a duration of not less than
               120 days.

          (h)  Employee. The term "Employee" shall mean a person with an
               employment relationship with the Company or a Related Company.

          (i)  Employer. The Company and each Related Company which, with the
               consent of the Company, participates in the Plan for the benefit
               of its eligible employees are referred to collectively as the
               "Employers" and individually as an "Employer".

          (j)  Fair Market Value. The "Fair Market Value" of the Stock shall be
               the mean between the highest and lowest quoted sales prices of a
               share of Common Stock on the New York Stock Exchange Composite
               Transaction Report; provided, that if there were no sales on the
               valuation date but there were sales on dates within a reasonable
               period both before and after the valuation date, the Fair Market
               Value is the weighted average of the means between the highest
               and lowest sales on the nearest date before and the nearest date
               after the valuation date. The average is to be weighed inversely
               by the respective numbers of trading days between the selling
               dates and the valuation date and shall be determined in good
               faith by the Committee.

          (k)  Immediate Family. With respect to a particular Participant, the
               term "Immediate Family" shall mean the Participant's spouse,
               children, stepchildren, adoptive relationships, sisters, brothers
               and grandchildren.

          (l)  Option. The term "Option" shall mean any Incentive Stock Option
               or Non-Qualified Stock Option granted under the Plan.

          (m)  Participant. The term "Participant" means an Employee who has
               been granted an award under the Plan.

          (n)  Performance-Based Compensation. The term "Performance-Based
               Compensation" shall have the meaning ascribed to it in section
               162(m)(4)(C) of the Code.

          (o)  Performance Period. The term "Performance Period" shall mean the
               period over which applicable performance is to be measured.

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          (p)  Qualified Retirement Plan. The term "Qualified Retirement Plan"
               means any plan of the Company or a Related Company that is
               intended to be qualified under section 401(a) of the Code.

          (q)  Related Companies. The term "Related Company" means any company
               during any period in which it is a "subsidiary corporation" (as
               that term is defined in Code section 424(f)) with respect to the
               Company.

          (r)  Restricted Period. The term "Restricted Period" shall mean the
               period of time for which Restricted Stock is subject to
               forfeiture pursuant to the Plan or during which Options and Stock
               Appreciation Rights are not exercisable.

          (s)  Retirement. "Retirement" of a Participant shall mean the
               occurrence of a Participant's Date of Termination under
               circumstances that constitute a retirement with immediate
               eligibility for benefits under Article 6 or Article 7 of the
               Burlington Northern Santa Fe Retirement Plan, or under the terms
               of the Qualified Retirement Plan of an Employer or Related
               Company that is extended to the Participant immediately prior to
               the Participant's Date of Termination or, if no such plan is
               extended to the Participant on his Date of Termination, under the
               terms of any applicable retirement policy of the Participant's
               employer.

          (t)  SEC. "SEC" shall mean the United States Securities and Exchange
               Commission.

          (u)  Stock. The term "Stock" shall mean shares of common stock of the
               Company, par value $0.01 per share.

                                    SECTION 3

                                   ELIGIBILITY

     3.1. The Committee shall determine and designate from time to time, from
among the salaried, full-time officers and employees of the Employers those
Employees who will be granted one or more awards under the Plan.

                                    SECTION 4

                          OPERATION AND ADMINISTRATION

     4.1. Subject to the approval of the stockholders of the Company at the
Company's 1999 annual meeting of the stockholders, the Plan shall be effective
as of January 1, 1999 ("Effective Date"), provided however, that any awards made
under the Plan prior to approval by stockholders, shall be contingent on
approval of the Plan by stockholders of the Company and all dividends on Awards
shall be held by the Company and paid only upon such approval and all other
rights of a Participant in connection with an Award shall not be effective until
such approval is obtained. The Plan shall be unlimited and remain in effect
until termination by the Board, provided however, that no Incentive Stock
Options may be granted under the Plan on a date that is more than ten years from
the Effective Date or, if earlier, the date the Plan is adopted by the Board.

     4.2. The Plan shall be administered by the Compensation and Development
Committee of the Board ("Committee") which shall be selected by the Board, shall
consist solely of members of the Board who are not employees or officers of the
Company or any Related Company and are not eligible to participate in the Plan,
and shall consist of not less than two members of the Board who meet the
definition of a "Non-Employee Director" under SEC Rule 16b-3

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or such greater number as may be required for compliance with SEC Rule 16b-3.
The authority to manage and control the operation and administration of the Plan
shall be vested in the Committee, subject to the following:

     (a)  Subject to the provisions of the Plan, the Committee will have the
          authority and discretion to select Employees to receive Awards, to
          determine the time or times of receipt, to determine the types of
          Awards and the number of shares covered by the Awards, to establish
          the terms, conditions, performance criteria, restrictions, and other
          provisions of such Awards, and to cancel or suspend Awards. In making
          such Award determinations, the Committee may take into account the
          nature of services rendered by the respective Employee, his present
          and potential contribution to the Company's success, and such other
          factors as the Committee deems relevant.

     (b)  Subject to the provisions of the Plan, the Committee will have the
          authority and discretion to determine the extent to which Awards under
          the Plan will be structured to conform to the requirements applicable
          to Performance-Based Compensation as described in Code section 162(m),
          and to take such action, establish such procedures, and impose such
          restrictions at the time such awards are granted as the Committee
          determines to be necessary or appropriate to conform to such
          requirements.

     (c)  The Committee will have the authority and discretion to interpret the
          Plan, to establish, amend, and rescind any rules relating to the Plan,
          to determine the terms and provisions of any agreements made pursuant
          to the Plan, and to make all other determinations that may be
          necessary or advisable for the administration of the Plan.

     (d)  Any interpretation of the Plan by the Committee and any decision made
          by it under the Plan is final and binding on all persons.

     (e)  Except as otherwise expressly provided in the Plan, where the
          Committee is authorized to make a determination with respect to any
          Award, such determination shall be made at the time the Award is made,
          except that the Committee may reserve the authority to have such
          determination made by the Committee in the future (but only if such
          reservation is made at the time the Award is granted and is expressly
          stated in the Agreement reflecting the Award).

     (f)  Except to the extent prohibited by applicable law or the rules of any
          stock exchange, the Committee may allocate all or any portion of its
          responsibilities and powers to any one or more of its members and
          other than in respect to eligibility, times of Awards, and terms,
          conditions, performance criteria, restrictions and other provisions of
          Awards, and except as otherwise provided by the Committee from time to
          time, the Committee delegates its responsibilities and powers to the
          Vice President-Human Resources or his successor. Any such allocation
          or delegation may be revoked by the Committee at any time.

     (g)  No member or authorized delegate of the Committee shall be liable to
          any person for any action taken or omitted in connection with the
          administration of the Plan unless attributable to his own fraud or
          willful misconduct; nor shall the Employers be liable to any person
          for any such action unless attributable to fraud or willful misconduct
          on the part of a director or employee of the Employers. The Committee,
          the individual members thereof, and persons acting as the authorized
          delegates of the committee under the plan, shall be indemnified by the
          Employers against any and all liabilities, losses, costs and expenses
          (including legal fees and expenses) of whatsoever kind and nature
          which may be imposed on, incurred by or asserted against the Committee
          or its members or authorized delegates by reason of the performance of
          a Committee function if the Committee or its members or authorized
          delegates did not act dishonestly or in willful violation of the law
          or regulation under which such liability, loss, cost or expense
          arises. This indemnification shall not duplicate but may supplement
          any coverage available under any applicable insurance.

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     4.3. Notwithstanding any other provision of the Plan to the contrary, no
Participant shall receive any Award of an Option under the Plan to the extent
that the sum of:

     (a)  the number of shares of Stock subject to such Award;

     (b)  the number of shares of Stock subject to all other prior Awards of
          Options under the Plan during the one-year period ending on the date
          of the Award; and

     (c)  the number of shares of Stock subject to all other prior stock options
          granted to the Participant under other plans or arrangements of the
          Employers and Related Companies during the one-year period ending on
          the date of the Award;

would exceed the Participant's Individual Limit under the Plan. The
determination made under the foregoing provisions of this subsection 4.3 shall
be based on the shares subject to the awards at the time of grant, regardless of
when the awards become exercisable. Subject to the provisions of Section 13, a
Participant's "Individual Limit" shall be 1,000,000 shares per calendar year.

     4.4. To the extent that the Committee determines that it is necessary or
desirable to conform any Awards under the Plan with the requirements applicable
to "Performance-Based Compensation", as that term is used in Code section
162(m)(4)(C), it may, at or prior to the time an Award is granted, take such
steps and impose such restrictions with respect to such Award as it determines
to be necessary to satisfy such requirements. To the extent that it is necessary
to establish performance goals for a particular performance period, those goals
will be based on one or more of the following business criteria: net income,
earnings per share, debt reduction, safety, on-time train performance, return on
investment, operating ratio, cash flow, return on assets, stockholders return,
revenue, customer satisfaction, and return on equity. If the Committee
establishes performance goals for a performance period relating to one or more
of these business criteria, the Committee may determine to approve a payment for
that particular performance period upon attainment of the performance goal
relating to any one or more of such criteria.

                                    SECTION 5

                         SHARES AVAILABLE UNDER THE PLAN

     5.1 The shares of Stock with respect to which Awards may be made under the
Plan shall be shares currently authorized but unissued or treasury shares
acquired by the Company, including shares purchased in open market or in private
transactions. Subject to the provisions of Section 12, the total number of
shares of Stock available for grant of Awards shall not exceed thirty-five
million (35,000,000) shares of Stock. Except as otherwise provided herein, any
shares subject to an Award which for any reason expires or is terminated without
issuance of shares (whether or not cash or other consideration is paid to a
Participant in respect to such Award) as well as shares used to pay an Option
Purchase Price under this Plan or a predecessor plan shall again be available
under the Plan.

                                    SECTION 6

                                     OPTIONS

     6.1. The grant of an "Option" under this Section 6 entitles the Participant
to purchase shares of Stock at a price fixed at the time the Option is granted,
or at a price determined under a method established at the time the Option is
granted, subject to the terms of this Section 6. Options granted under this
section may be either Incentive Stock Options or Non-Qualified Stock Options,
and subject to Sections 11 and 16, shall not be exercisable for six months from
date of

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grant, as determined in the discretion of the Committee. An "Incentive Stock
Option" is an Option that is intended to satisfy the requirements applicable to
an "incentive stock option" described in section 422(b) of the Code. A
"Non-Qualified Stock Option" is an Option that is not intended to be an
"incentive stock option" as that term is described in section 422(b) of the
Code.

     6.2. The Committee shall designate the Participants to whom Options are to
be granted under this Section 6 and shall determine the number of shares of
Stock to be subject to each such Option. To the extent that the aggregate fair
market value of Stock with respect to which Incentive Stock Options are
exercisable for the first time by any individual during any calendar year (under
all plans of the Company and all Related Companies) exceeds $100,000, such
options shall be treated as Non-Qualified Stock Options, to the extent required
by section 422 of the Code.

     6.3. The determination and payment of the purchase price of a share of
Stock under each Option granted under this section shall be subject to the
following:

     (a)  The purchase price shall be established by the Committee or shall be
          determined by a method established by the Committee at the time the
          Option is granted; provided, however, that in no event shall such
          price be less than Fair Market Value on the date of the grant.

     (b)  Subject to the following provisions of this subsection 6.3, the full
          purchase price of each share of Stock purchased upon the exercise of
          any Option shall be paid at the time of such exercise and, as soon as
          practicable thereafter, a certificate representing the shares so
          purchased shall be delivered to the person entitled thereto.

     (c)  The purchase price shall be payable in cash or in shares of Stock
          (valued at Fair Market Value as of the day of exercise).

     (d)  A Participant may elect to pay the purchase price upon the exercise of
          an Option through a cashless exercise arrangement as may be
          established by the Company.

     6.4. Except as otherwise expressly provided in the Plan, an Option granted
under this Section 6 shall be exercisable as follows:

     The terms and conditions relating to exercise of an Option shall be
established by the Committee, and may include, without limitation, conditions
relating to completion of a specified period of service, achievement of
performance standards prior to exercise of the Option, or achievement of Stock
ownership objectives by the Participant. No Option may be exercised by a
Participant after the expiration date applicable to that Option.

     6.5. The exercise period of any Option shall be determined by the Committee
and shall not extend more than ten years after the Date of Grant.

     6.6. In the event the Participant exercises an Option under this Plan or a
predecessor plan of the Company or a Related Company and pays all or a portion
of the purchase price in Common Stock, in the manner permitted by subsection
6.3, such Participant, pursuant to the exercise of Committee discretion at the
time the Option is exercised or to the extent previously authorized by the
Committee, may be issued a new Option to purchase additional shares of Stock
equal to the number of shares of Stock surrendered to the Company in such
payment. Such new Option shall have an exercise price equal to the Fair Market
Value per share on the date such new Option is granted, shall first be
exercisable six months from the date of grant of the new Option and shall have
an expiration date on the same date as the expiration date of the original
Option so exercised by payment of the purchase price in shares of Stock.

                                    SECTION 7

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                                RESTRICTED STOCK

     7.1. Subject to the terms of this Section 7, Restricted Stock Awards under
the Plan are grants of Stock to Participants, the vesting of which is subject to
certain conditions established by the Committee, with some or all of those
conditions relating to events (such as performance or continued employment)
occurring after the date of grant, provided however that to the extent that
vesting of a Restricted Stock Award is contingent on continued employment, then
(i) the required employment period shall not be less than three years following
the grant of the Award unless such grant is in substitution for an Award under
this Plan or a predecessor plan of the Company or a Related Company, and (ii)
the grant may provide for equal, annual, pro-rata vesting.

     7.2. The Committee shall designate the Participants to whom Restricted
Stock is to be granted, and the number of shares of Stock that are subject to
each such Award. In no event shall more than five million shares be granted
under Sections 7, 8 and 9 of the Plan. The Award of shares under this Section 7
may, but need not, be made in conjunction with a cash-based incentive
compensation program maintained by the Company, and may, but need not, be in
lieu of cash otherwise awardable under such program, provided, however, that one
million of the shares remaining to be granted under Sections 7, 8 and 9 of the
Plan as of April 18, 2002, shall only be used for Awards of shares of
Performance-Based Restricted Stock, performance-based Restricted Stock Units or
Performance Stock or in lieu of cash otherwise awardable under such program.

     7.3. Shares of Restricted Stock granted to Participants under the Plan
shall be subject to the following terms and conditions:

     (a)  Except as otherwise hereinafter provided, Restricted Stock granted to
          Participants may not be sold, assigned, transferred, pledged or
          otherwise encumbered during the Restricted Period. Except for such
          restrictions, the Participant as owner of such shares shall have all
          the rights of a stockholder, including but not limited to the right to
          vote such shares and, except as otherwise provided by the Committee or
          as otherwise provided by the Plan, the right to receive all dividends
          paid on such shares.

     (b)  Each certificate issued in respect of shares of Restricted Stock
          granted under the Plan shall be registered in the name of the
          Participant and, at the discretion of the Committee, each such
          certificate may be deposited with the Company with a stock power
          endorsed in blank or in a bank designated by the Committee.

     (c)  The Committee may award Performance-Based Restricted Stock, which
          shall be Restricted Stock that becomes vested (or for which vesting is
          accelerated) upon the achievement of performance goals established by
          the Committee. The Committee may specify the number of shares that
          will vest upon achievement of different levels of performance. Except
          as otherwise provided by the Committee, achievement of maximum targets
          during the Performance Period shall result in the Participant's
          receipt of the full Performance-Based Restricted Stock Award. For
          achievement of the minimum target but less than the maximum target the
          Committee may establish a portion of the Award which the Participant
          is entitled to receive.

     (d)  Except as otherwise provided by the Committee, any Restricted Stock
          which is not earned by the end of a Performance Period shall be
          forfeited. If a Participant's Date of Termination occurs during a
          Performance Period with respect to any Restricted Stock subject to a
          Performance Period granted to him, the Committee may determine that
          the Participant will be entitled to settlement of all or any portion
          of the Restricted Stock subject to a Performance Period as to which he
          would otherwise be eligible, and may accelerate the determination of
          the value and settlement of such Restricted Stock subject to a
          Performance Period in the event of special circumstances related to
          retirements, severances, disability or change in control or make such
          other adjustments as the Committee, in its sole

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          discretion, deems desirable. Subject to the limitations of the Plan
          and the Award of Restricted Stock, upon the vesting of Restricted
          Stock, such Restricted Stock will be transferred free of all
          restrictions to a Participant (or his or her legal representative,
          beneficiary or heir).

                                    SECTION 8

                             RESTRICTED STOCK UNITS

     8.1. Subject to the terms of this Section 8, a Restricted Stock Unit
entitles a Participant to receive shares for the units at the end of a
Restricted Period to the extent provided by the Award with the vesting of such
units to be contingent upon such conditions as may be established by the
Committee (such as continued employment which, when required, shall be not less
than three years (although the grant may provide for equal, annual, pro-rata
vesting), or satisfaction of performance criteria). The Award of Restricted
Stock Units under this Section 8 may, but need not, be made in conjunction with
a cash-based incentive compensation program maintained by the Company, and may,
but need not, be in lieu of cash otherwise awardable under such program,
provided, however, that one million of the shares remaining to be granted under
Sections 7, 8 and 9 of the Plan as of April 18, 2002, shall only be used for
Awards of shares of Performance-Based Restricted Stock, performance-based
Restricted Stock Units or Performance Stock or in lieu of cash otherwise
awardable under such program.

     8.2. The Committee shall designate the Participants to whom Restricted
Stock Units shall be granted and the number of units that are subject to each
such Award. In no event shall more than five million shares be granted under
Sections 7, 8 and 9 of the Plan. During any period in which units are
outstanding and have not been settled in stock, the Participant shall not have
the rights of a stockholder, but shall have the right to receive a payment from
the Company in lieu of a dividend in an amount equal to such dividends and at
such times as dividends would otherwise be paid.

     8.3. If a Participant's Date of Termination occurs during a Restricted
Period with respect to any Restricted Stock Units granted to him, the Committee
may determine that the Participant will be entitled to settlement of all or any
portion of the Restricted Stock Units as to which he would otherwise be
eligible, and may accelerate the determination of the value and settlement of
such Restricted Stock Units in the event of special circumstances related to
retirements, severances, disability or change in control or make such other
adjustments as the Committee, in its sole discretion, deems desirable.

                                    SECTION 9

                                PERFORMANCE STOCK

     9.1. Subject to the terms of this Section 9, a Performance Stock Award
provides for the distribution of Stock to a Participant upon the achievement of
performance objectives established by the Committee. For purposes of the Plan,
the "Performance Period" with respect to any Award shall be the period over
which the applicable performance is to be measured.

     9.2. The Committee shall designate the Participants to whom Performance
Stock Awards are to be granted, and the number of shares of Stock that are
subject to each such Award. In no event shall more than five million shares be
granted under Sections 7, 8 and 9 of the Plan. The Award of shares under this
Section 9 may, but need not, be made in conjunction with a cash-based incentive
compensation program maintained by the Company, and may, but need not, be in
lieu of cash otherwise awardable under such program, provided, however, that one
million of the shares remaining to be granted under Sections 7, 8 and 9 of the
Plan as of April 18, 2002, shall only be used for Awards of shares of
Performance-Based Restricted Stock, performance-based Restricted Stock Units or
Performance Stock or in lieu of cash otherwise awardable under such program.

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     9.3. If a Participant's Date of Termination occurs during a Performance
Period with respect to any Performance Stock granted to him, the Committee may
determine that the Participant will be entitled to settlement of all or any
portion of the Performance Stock as to which he would otherwise be eligible, and
may accelerate the determination of the value and settlement of such Performance
Stock in the event of special circumstances related to retirements, severances,
disability or change in control or make such other adjustments as the Committee,
in its sole discretion, deems desirable.

                                   SECTION 10

                             STOCK PURCHASE PROGRAM

     10.1. The Committee may, from time to time, establish one or more programs
under which Participants will be permitted to purchase shares of Stock under the
Plan, and shall designate the Participants eligible to participate under such
Stock purchase programs. The purchase price for shares of Stock available under
such programs, and other terms and conditions of such programs, shall be
established by the Committee. The purchase price may not be less than 75% of the
Fair Market Value of the Stock at the time of purchase (or, in the Committee's
discretion, the average Stock value over a period determined by the Committee),
and the purchase price may not be less than par value. Issuances under the Stock
purchase programs authorized under this Section 10.1 shall not exceed a
cumulative total of 400,000 shares subsequent to April 17, 2002.

     10.2. The Committee may impose such restrictions with respect to shares
purchased under this section, as the Committee determines to be appropriate.
Such restrictions may include, without limitation, restrictions of the type that
may be imposed with respect to Restricted Stock under Section 7.

                                   SECTION 11

                            TERMINATION OF EMPLOYMENT

     11.1. If a Participant's Date of Termination occurs for any reason other
than death, Disability, Retirement, or by reason of the Participant's employment
being terminated by the Participant's employer for any reason other than Cause,
all outstanding Awards shall be forfeited.

     11.2. If a Participant's Date of Termination occurs by reason of death, all
Options outstanding immediately prior to the Participant's Date of Termination
shall immediately become exercisable and all restrictions on Restricted Stock,
Restricted Stock Units, Performance Stock and shares purchased under the Stock
Purchase Program outstanding immediately prior to the Participant's Date of
Termination shall lapse.

     11.3. If a Participant's Date of Termination occurs by reason of Disability
or Retirement, the Restricted Period shall lapse on a proportion of any Awards
outstanding immediately prior to the Participant's Date of Termination (except
that to the extent an Award of Restricted Stock, Restricted Stock Units, and
Performance Stock is subject to a Performance Period, such proportion of the
Award shall remain subject to the same terms and conditions for vesting as were
in effect prior to termination). The proportion of an Award upon which the
Restricted Period shall lapse shall be a fraction, the denominator of which is
the total number of months of any Restricted Period applicable to an Award and
the numerator of which is the number of months of such Restricted Period which
elapsed prior to the Date of Termination.

     11.4. If a Participant's Date of Termination occurs by reason of the
Participant's employment being terminated by the Participant's employer for any
reason other than for Cause, the Restricted Period shall lapse on a proportion
of any outstanding Awards (except that to the extent an Award of Restricted
Stock, Restricted Stock Units, and Performance Stock is subject to a Performance
Period, such proportion of the Award shall remain subject to the same terms and

                                      E-15

<PAGE>

conditions for vesting as were in effect prior to termination). The proportion
of an Award upon which the Restricted Period shall lapse shall be a fraction,
the denominator of which is the total number of months of any Restricted Period
applicable to an Award and the numerator of which is the number of months of
such Restricted Period which elapsed prior to the Date of Termination.

     11.5. Non-Qualified Stock Options which are exercisable at the time of (or
become exercisable by reason of) the Participant's death, Disability,
Retirement, or other termination of employment by the Participant's employer for
reasons other than Cause shall expire on the expiration date set forth in the
award or, if earlier:

     (a)  five years after the Date of Termination, if the Participant's
          termination occurs because of death, Disability, or Retirement; and

     (b)  five years after the Date of Termination, if the Participant's
          employment is terminated by the Participant's employer for reasons
          other than Cause.

         Incentive Stock Options which are exercisable at the time of (or
become exercisable by reason of) the Participant's death, Disability,
Retirement, or other termination of employment by the Participant's employer for
reasons other than Cause and not exercised prior to the Date of Termination
shall be treated as Non-Qualified Stock Options on the day following the Date of
Termination and shall expire on the expiration date set forth in the award or,
if earlier:

     (i)  five years after the Date of Termination, if the Participant's
          termination occurs because of death, Disability, or Retirement; and

     (ii) five years after the Date of Termination, if the Participant's
          employment is terminated by the Participant's employer for reasons
          other than Cause.

     11.6. If a Participant's employment is terminated by the Participant's
employer for reasons other than Cause in connection with a merger,
consolidation, acquisition of common control, or business combination of the
Company and a Class I Railroad or a holding company of a Class I Railroad:

     (a)  All outstanding options then held by the Participant shall become
          exercisable on the Participant's Date of Termination.

     (b)  Any restrictions on awards held by the Participant as of the
          Participant's Date of Termination shall lapse and all Awards vested as
          if all performance objectives have been attained.

     11.7. Except to the extent the Committee shall otherwise determine, if as a
result of a sale or other transaction, a Participant's employer ceases to be a
Related Company (and the Participant's employer is or becomes an entity that is
separate from the Company), the occurrence of such transaction shall be treated
as the Participant's Date of Termination caused by the Participant being
discharged by the Employer.

     11.8. Notwithstanding the foregoing provisions of this section, the
Committee may, with respect to any Awards of a Participant (or portion thereof)
that are outstanding immediately prior to the Participant's Date of Termination,
determine that a Participant's Date of Termination will not result in forfeiture
or other termination of the Award.

                                   SECTION 12

                              ADJUSTMENTS TO SHARES

     12.1. If the Company shall effect a reorganization, merger, or
consolidation, or similar event or effect any

                                      E-16

<PAGE>

subdivision or consolidation of shares of Stock or other capital readjustment,
payment of stock dividend, stock split, spin-off, combination of shares or
recapitalization or other increase or reduction of the number of shares of Stock
outstanding without receiving compensation therefor in money, services or
property, then the Committee shall adjust (i) the number of shares of Stock
available under the Plan; (ii) the number of shares available under any
individual or other limits; (iii) the number of shares of Stock subject to
outstanding Awards; and (iv) the per-share price under any outstanding Award to
the extent that the Participant is required to pay a purchase price per share
with respect to the Award.

     12.2. If the Committee determines that the adjustments in accordance with
the foregoing provisions of this section would not be fully consistent with the
purposes of the Plan or the purposes of the outstanding Awards under the Plan,
the Committee may make such other adjustments to the Awards to the extent that
the Committee determines such adjustments are consistent with the purposes of
the Plan and of the affected Awards.

                                   SECTION 13

                            TRANSFERABILITY OF AWARDS

     13.1. Awards under the Plan are not transferable except as designated by
the Participant by will or by the laws of descent and distribution. To the
extent that the Participant who receives an Award under the Plan has the right
to exercise such Award, the Award may be exercised during the lifetime of the
Participant only by the Participant. Notwithstanding the foregoing provisions of
this Section 13, the Committee may permit Awards under the Plan (other than an
Incentive Stock Option) to be transferred by a Participant for no consideration
to or for the benefit of the Participant's Immediate Family (including, without
limitation, to a trust for the benefit of a Participant's Immediate Family or to
a Family Partnership for members of the Immediate Family), subject to such
limits as the Committee may establish and the transferee shall remain subject to
all of the terms and conditions applicable to such Award prior to such transfer.

                                   SECTION 14

                                 AWARD AGREEMENT

     14.1. Each employee granted an Award pursuant to the Plan shall sign an
Award Agreement which signifies the offer of the Award by the Company and the
acceptance of the Award by the employee in accordance with the terms of the
Award and the provisions of the Plan. Each Award Agreement shall reflect the
terms and conditions of the Award. Participation in the Plan shall confer no
rights to continued employment with the Company nor shall it restrict the right
of the Company to terminate a Participant's employment at any time.

                                   SECTION 15

                                 TAX WITHHOLDING

     15.1. All Awards and other payments under the Plan are subject to
withholding of all applicable taxes, which withholding obligations shall be
satisfied (without regard to whether the Participant has transferred an Award
under the Plan) by a cash remittance, or with the consent of the Committee,
through the surrender of shares of Stock which the Participant owns or to which
the Participant is otherwise entitled under the Plan pursuant to an irrevocable
election submitted by the Participant to the Company at the office designated
for such purpose. The number of shares of Stock needed to be submitted in
payment of the taxes shall be determined using the Fair Market Value as of the
applicable tax date rounding down to the nearest whole share; provided that no
election to have shares of Stock withheld from an Award or submission of shares
shall be effective with respect to an Award which was transferred by a
Participant in accordance

                                      E-17

<PAGE>

with the Plan.

                                   SECTION 16

                                CHANGE IN CONTROL

     16.1. Subject to the provisions of Section 12 (relating to the adjustment
of shares), and except as otherwise provided in the Plan or the Agreement
reflecting the applicable Award, upon the occurrence of a Change in Control:

     (a)  All outstanding Options shall become fully exercisable.

     (b)  All shares of Restricted Stock, Restricted Stock Units and Performance
          Stock shall become fully vested.

     (c)  All vesting restrictions imposed under Section 10 (relating to
          restrictions on shares purchased by the Participants) shall cease to
          apply, and the Participant shall become fully vested in those shares.

                                   SECTION 17

                            TERMINATION AND AMENDMENT

     17.1. The Board may suspend, terminate, modify or amend the Plan, provided
that any amendment that would increase the aggregate number of shares which may
be issued under the Plan; materially increase the benefits accruing to
Participants under the Plan; or materially modify the requirements as to
eligibility for participation in the Plan, shall be subject to the approval of
the Company's stockholders, except that any such increase or modification that
may result from adjustments authorized by Section 12 does not require such
approval. No suspension, termination, modification or amendment of the Plan may
terminate a Participant's existing Award or materially and adversely affect a
Participant's rights under such Award without the Participant's consent.

                                      E-18<PAGE>

                                                                    EXHIBIT 10.2

                    BURLINGTON NORTHERN SANTA FE CORPORATION

                  AMENDMENT OF THE BURLINGTON NORTHERN SANTA FE
                          SUPPLEMENTAL RETIREMENT PLAN

     Recommend approval of the following resolutions:

     WHEREAS, Burlington Northern Santa Fe Corporation (the "Company") maintains
the Burlington Northern Santa Fe Retirement Plan (the "Plan") and the Burlington
Northern Santa Fe Supplemental Retirement Plan (the "Supplemental Plan") to
provide pension benefits to the salaried employees of the Company and certain of
its affiliated companies;

     WHEREAS, pursuant to Section 3.1 of the Supplemental Plan, the Company
provides certain supplemental pension benefits as set forth on Schedule A to the
Supplemental Plan;

     WHEREAS, the Company wishes to provide Mr. Matthew K. Rose, President and
Chief Executive Officer, with certain pension benefits as described in the
attached Exhibit A-1, by amending the Supplemental Plan to provide for such
benefits;

     NOW THEREFORE IT IS RESOLVED, that Mr. Matthew K. Rose be provided with
supplemental pension benefits calculated in the manner described in Exhibit A-1;

     FURTHER RESOLVED, that the Vice President-Human Resources is authorized and
directed to prepare a Retirement Benefit Agreement for Mr. Rose on substantially
the terms and conditions indicated in Exhibit A-2;

     FURTHER RESOLVED that the Supplemental Plan be amended by adding
"Retirement Benefit Agreement between Burlington Northern Santa Fe Corporation
and Mr. Matthew K. Rose" at the end of Schedule A;

     FURTHER RESOLVED, that each of the Secretary and other officers of the
Company are authorized and empowered by and on behalf and in the name of the
Company to do and perform, or cause to be done and performed, all such acts,
deeds and things and to make, execute and deliver, or cause to be made, executed
and delivered, all such agreements, undertakings, documents, instruments or
certificates, as each such officer may deem necessary or appropriate to
effectuate or carry out fully the purpose and intent of the foregoing
resolutions.

Compensation and Development Committee
Fort Worth, Texas
April 18, 2002

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