Document:

Form of 2002 Stock Incentive Plan Performance Shares Agreement

 Exhibit 10.1 
 DEL MONTE FOODS COMPANY 
 PERFORMANCE SHARES 
 AGREEMENT 
 This Performance Shares
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 (the “Company”), has granted to you,
[EMPLOYEE NAME] (the “Participant”), as of [Month 00, 0000] (the “Grant Date”), 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 Shares,” in order to encourage you to continue to contribute to the Company’s growth and success. 
 1. Grant of Performance Shares. The Performance Shares award consists of a maximum award of 000,000 units (150% of your target award) representing shares of the Common Stock of the Company, which the
Company has granted 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 Performance Shares 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 Performance Shares 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
Performance Shares shall be subject to the Restrictions pursuant to Section 3 of this Agreement. 
 2. Participant’s Account;
Certain Rights in Respect of Performance Shares. 
 (a) The Performance Shares 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 the
Participant pursuant to this Agreement. 
 (b) During the period before the release of the Restrictions on the Performance
Shares as provided in Section 4, the Participant shall have no voting rights in respect of the Performance Shares. 
 (c)
As set forth in Section 5 below, stock equivalent units held in the Participant’s account pursuant to Section 5 shall accrue dividend equivalents that will be credited in the form of additional stock equivalent units, 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 set forth in Section 4 below, all Performance Shares held for or in respect of the Participant, and the shares of Common Stock that such Performance Shares represent, may not be assigned, transferred, or otherwise encumbered or disposed of
by the Participant. 

 4. Release of Performance Shares from Restrictions. 
 (a) Subject to the provisions of this Section 4, the Restrictions shall cease to apply to the Performance Shares granted under this
Agreement or the Performance Shares shall be forfeited upon the first day after the Company files its annual report on Form 10-K for the last fiscal year in the performance period defined below in Section 4(b), or shall vest in their entirety
upon the earlier occurrence of a Change of Control. Upon the release of the Performance Shares from the Restrictions (except if receipt of the Performance Shares 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, has established target performance goals based on the Company’s Relative Total Shareholder Return (“RTSR Targets”), which will be measured over a three (3)-fiscal year “performance period”
commencing on [Date] through [Date]. 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 will be compared to determine Relative Total Shareholder Return (“RTSR”). The Comparator Group shall be identified as soon as practicable on or after the date of this Agreement (but in no event later
than 90 days after the beginning of the performance period).1 The Comparator Group, the RTSR Targets or the Performance Shares award may be adjusted
by the Committee from time to time, in its sole discretion, to the extent necessary in order to reflect a change in corporate capitalization, such as a stock split or dividend, or a corporate transaction, such as any merger, consolidation,
separation (including a spinoff or other distribution of stock or property by the Company), reorganization, or any partial or complete liquidation by the Company, as provided by Sections 10(b) or 10(c) of the Plan, to take account of events such as
mergers, consolidations, dispositions, separations (including any spinoffs or other distributions of stock or property), reorganizations, bankruptcies, any partial or complete liquidations, changes in corporate capitalization (such as stock splits
or dividends) and other significant business changes affecting any member of the Comparator Group, or to take account of any other items described in Section 9(b) of the Plan; provided, however, that to the extent that any such
adjustments affect awards to “covered employees” (as such term is defined in Section 162(m) of the Code), they shall be prescribed in a manner that strives to meet the requirements of Section 162(m) of the Code. Any adjustment to
the RTSR 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. of the Comparator Group companies), will be made at the sole
discretion of the Committee. 
  

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 Based on the Company’s level of achievement of the designated RTSR Targets, the Restrictions shall
cease to apply to the Performance Shares or the Performance Shares shall be forfeited, according to the following schedule: 
 Vesting of
Performance Shares based on Achievement of RTSR Targets 
  

				
	 Relative Total Shareholder Return:
 Company Performance
 Percentile
	  	Percentage of
Target Award Vested	 
	 >75th
Percentile
	  	150	%
	 >68.75, but < 75
	  	125	 
	 >62.5, but <68.75
	  	100	 
	 >56.5, but < 62.5
	  	75	 
	 >50, but < 56.5
	  	50	 
	 <50
	  	0	 

 The Committee shall have sole discretion to determine which RTSR Target has been achieved (if any)
and whether the Restrictions shall be released from any or all of the Performance Shares. 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. 
 (c) Upon the termination of the Participant’s employment by reason of Disability or death, the
Performance Shares held by such Participant or his or her designated beneficiary (as applicable) shall continue to vest at the time and in the amounts (if any) set forth pursuant to paragraph (a) of this Section 4, and Common Stock that is
distributed on account of Performance Shares that become vested (if any) shall be distributed to the Participant or his or her designated beneficiary (as applicable) subject to Section 6, below. 
 (d) Upon the termination of the Participant’s employment by reason of Retirement, the Performance Shares shall cease to apply on a
pro-rata basis pursuant to the Company’s pro-rata vesting policy in effect at the time of Retirement; provided further, that in the case of Retirement, the maximum number of Performance Shares that may vest shall be that number, if any,
that would have vested as set forth in Section 4(b) above following the Participant’s Retirement on the basis of the degree to which the RTSR Target has been achieved. 
  

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 (e) Upon the termination of the Participant’s employment for any reason other than
Disability, death or Retirement, the Performance Shares shall be forfeited by the Participant to the Company; provided that, for Participants (i) covered under the Executive Severance Policy or (ii) who are parties to an employment
agreement with the Company or a Subsidiary of the Company, in the case of termination of employment without Cause or resignation for Good Reason (as defined in the applicable employment agreement), these Performance Shares will be treated under such
policy or employment agreement; provided further, that in the case of either (i) or (ii) above, the maximum number of Performance Shares that may vest shall be that pro-rated number, if any, that would have vested as set forth in
Section 4(b) above following such termination on the basis of the degree to which the RTSR Target has been achieved. 
 5.
Deferral. The Committee has the right to determine, in its sole discretion, whether and in what manner Participants shall be permitted to elect to defer the receipt of a distribution of Common Stock in respect of the Performance Shares under
a deferral plan of the Company, in which case, after the Restrictions are released, the Performance Shares 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, unvested Performance Shares or
Common Stock that is distributed on account of Performance Shares that become vested following 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, unvested Performance Shares or Common Stock
that is distributed on account of Performance Shares that become vested following 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. 
  

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 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 Performance Shares or the distribution of Common Stock on account of the vesting of any
Performance Shares, including, but not limited 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. Repayment/Forfeiture for Misconduct. This Section 8 will
apply if: (i) the Company restates any Company financial report that, due to misconduct as determined by the Committee, was materially noncompliant with the securities laws when filed; and (ii) the Participant is a Section 16 Person.

 (a) If, in the Committee’s opinion, the Participant knowingly or with gross negligence engaged in the misconduct
described above, the Participant shall repay Del Monte any amounts received by the Participant under this Agreement and any outstanding portion of the grant will be cancelled. 
 (b) If, in the Committee’s opinion, the Participant did not engage in the misconduct described above, the Committee shall
determine, in its sole discretion in order to correct any unjust enrichment, if any portion of the amounts described in Paragraph 8(a) are subject to repayment by the Participant by any legally permitted means that the Committee deems appropriate.

 9. 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. 
 10. 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. 
 11. 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. 
 12. 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. 
  

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 13. 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. 
 14. 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. 
 15.
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. 
 16. 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. 
 17. Definitions. For purposes of this Agreement, words
and phrases bearing initial capital letters shall have the meanings assigned in the Plan, and the following words and phrases shall have the following meanings unless a different meaning is plainly required by the context: 
 (a) “Restrictions” means those restrictions on the Performance Shares set forth in Section 3. 
 (b) “Relative Total Shareholder Return” means the percentile ranking for the Company’s Total Shareholder Return
(TSR) as compared to the TSR of the companies in the Comparator Group. 
 (c) “Total Shareholder Return”
means, for the stock of the Company or 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 [insert May month (including specifying applicable year) following date of grant] on the stock’s principal exchange or national over-the-counter market quotation system (the “Average Closing Price”) from the sum of
(x) the Average Closing Price of that stock for [insert April month (including specifying applicable year) of the last year of performance period] (adjusted for stock splits, recapitalizations, or similar events) and (y) 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.

  

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	DEL MONTE FOODS COMPANY	 		 	PARTICIPANT
				
	By:	 	 	 		 	 
	Title: 	 	Vice President, Compensation & Benefits	 		 	EMPLOYEE NAME

  

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	 Comparator Group: Archer Daniels Midland Company, Bunge Limited, Campbell Soup Company, ConAgra Foods, Inc., Dean Foods,
Diamond Foods Inc., Fresh Del Monte Produce, Inc., Flowers Foods, Inc., General Mills, Inc., H.J. Heinz Company, Hershey Foods Corporation, Hormel Foods Corporation, Kellogg Company, Kraft Foods, Inc., Lance Inc., McCormick & Company, Inc.,
Pilgrim’s Pride Corporation, Sara Lee Corporation, Smithfield Foods, Inc., J.M. Smucker Company, Tyson Foods, Inc., and WM Wrigley Jr. Company. 

  

 7Form of 2002 Stock Incentive Plan Non-Qualified Stock Option Agreement

 Exhibit 10.2 
 DEL MONTE FOODS COMPANY 
 2002 STOCK INCENTIVE PLAN 
 NON-QUALIFIED STOCK OPTION AGREEMENT 
 Del Monte Foods Company (the “Company”) hereby grants you, Employee Name (the “Participant”), a non-qualified stock option under the Del Monte Foods Company 2002 Stock Incentive Plan (the “Plan”), to
purchase shares of common stock of the Company (“Shares”). The date of this Agreement is Date of Grant (the “Grant Date”). The latest date this option will expire is the ten (10) year anniversary of the Grant Date
(the “Expiration Date”). However, as provided in Appendix A (attached hereto), this option may expire earlier than the Expiration Date. Subject to the provisions of Appendix A and of the Plan, the principal features of this option are as
follows: 
  

				
	 Maximum Number of Shares
 Purchasable with this Option:
	  	 	00,000
	 Purchase Price per Share:
	  	$	00.00

 Scheduled Vesting Dates: One year from the Grant Date, 25% of the shares will vest. Thereafter, 25% will
vest on the second anniversary of the Grant Date, 25% will vest on the third anniversary of the Grant Date, and 25% will vest on the fourth anniversary of the Grant Date. 
  

			
	 Event Triggering Termination of Option:
	  	 Maximum Time to Exercise After Triggering Event:*

	Termination of Employment for Cause	  	None
		
	 Termination of Employment without Cause;
 Termination of
Employment other than for Retirement or Disability
	  	Three (3) months as to vested portion; None as to unvested portion
		
	Termination of Employment due to Retirement	  	Expiration Date as to vested portion; None as to unvested portion
		
	Termination of Employment due to Disability or death	  	Expiration Date
		
	Death within 3 months after Termination of Employment without Cause	  	Expiration Date or 1 year from date of death, whichever is sooner, as to vested portion; None as to unvested portion

  

	*	However, in no event may this option be exercised after the Expiration Date. 

 Your signature below indicates your agreement and understanding that this option is subject to all of the terms and conditions contained in Appendix A and the Plan. For example, important additional information on
vesting and termination of this option is contained in Paragraphs 4 and 5 of Appendix A. ACCORDINGLY, PLEASE BE SURE TO READ ALL OF APPENDIX A, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS OPTION.  
  

							
	DEL MONTE FOODS COMPANY	 		 	PARTICIPANT
				
	By:	 	 	 		 	 
	Title: 	 	Vice President, Compensation & Benefits	 		 	EMPLOYEE NAME

 APPENDIX A 
 TERMS AND CONDITIONS OF NON-QUALIFIED STOCK OPTION 
 1. Grant of Option. The Company hereby
grants to the Participant under the Plan, as a separate incentive in connection with his or her employment and not in lieu of any salary or other compensation for his or her services, a non-qualified stock option to purchase, on the terms and
conditions set forth in this Agreement and the Plan, all or any part of an aggregate of 00,000 Shares. This option is not intended to qualify as an “incentive stock option” under Section 422 of the Internal Revenue Code
of 1986, as amended (the “Code”). 
 2. Exercise Price. The purchase price per Share for this option (the “Exercise
Price”) shall be $00.00. 
 3. Number of Shares. The number of Shares specified in Paragraph 1 above, and/or the Exercise
Price specified in Paragraph 2 above, are subject to adjustment by the Compensation Committee of the Board of Directors of the Company (the “Committee”) (subject to any required stockholder approval) in the event of any increase or
decrease in the number of issued Shares resulting from a subdivision or consolidation of Shares or the payment of a stock dividend on Shares, or any other increase or decrease in the number of such Shares effected without receipt or payment of
consideration by the Company, or change in the capitalization of the Company. Further, the Committee in its discretion will determine whether the option granted pursuant to this Agreement will, in the context of a Change of Control or any other
transaction, be converted into a comparable option of a successor entity or redeemed for payment in cash or kind or both. 
 4. Vesting
Schedule. Subject to earlier termination as described in Paragraph 5 below and as provided in Section 6(c) of Plan, the option granted under this Agreement is scheduled to vest as to the number of Shares and on the dates shown on the first
page of this Agreement. Notwithstanding the foregoing, the option will vest immediately as to one hundred percent (100%) of the Shares upon the occurrence of a Change of Control. The Committee in its discretion will determine whether the
option will vest immediately in the event of other transactions including, without limitation, a liquidation or dissolution of the Company; provided that the option in no case will be exercisable after the Expiration Date. 
 5. Termination of Option. In the event of termination of employment of the Participant with the Company for Cause, this option will expire and be
cancelled upon such termination. In the event of termination of employment without Cause, or in the event that the Participant resigns for a reason other than Disability or Retirement, this option will remain exercisable to the extent vested as of
the date of termination until the expiration of three (3) months after such termination, on which date it will expire; to the extent not vested as of the date of termination, this option will expire at the close of business on the date of
termination. In the event of termination of employment as a result of Retirement, this option will remain exercisable to the extent vested as of the date of termination until the Expiration Date; to the extent not vested as of the date of
termination, this option will expire at the close of business on the date of termination. In the event of termination of employment on account of Disability or death of the Participant, this option will remain exercisable with respect to all Shares,
whether or not vested as to such Shares as of the date of termination, until the Expiration Date. In the event that the Participant dies within three (3) months following involuntary termination without Cause, this option will remain
exercisable to the extent vested as of the date of termination until the Expiration Date or, if sooner, one year from the Participant’s death; to the extent not vested as of the date of termination, this option will expire at the close of
business on the date of termination. 
 6. Persons Eligible to Exercise Option. This option shall be exercisable during the
Participant’s lifetime by the Participant or, to the extent lawful, by a broker-dealer acting on behalf of the Participant under the terms set forth in the Plan, or by a transferee to whom the option or the right to exercise the option has been
transferred pursuant to Paragraph 7 or Paragraph 13 below. 
  

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 7. Death of Participant. The Committee, in its discretion, may permit the Participant to designate
a beneficiary or beneficiaries to whom any vested but unexercised portion of this option shall be transferred. In the absence of such designation, such vested but unexercised portion will be transferred to the Participant’s estate. No such
transfer of the option, or the right to exercise any option, will be effective to bind the Company unless the Committee shall have been furnished with written notice thereof and with a copy of the will and/or such evidence as the Committee deems
necessary to establish the validity of such transfer or right to exercise, and an agreement by the transferee, administrator, or executor (as applicable) to comply with all the terms of this Agreement that are or would have been applicable to the
Participant and to be bound by the acknowledgements made by the Participant in connection with this grant. 
 8. Exercise of Option.
This option may be exercised by the person then entitled to do so as to any vested portion by giving written notice of exercise to the Company, specifying the number of full Shares with respect to which the option is being exercised and the
effective date of the proposed exercise; accompanied by full payment of the Exercise Price in a method provided in Section 6(c) of the Plan (and, if required by the Company, an amount sufficient to satisfy any withholding tax requirements under
federal, state, or local law as determined by the Company). Satisfactory assurances must be given in writing, if requested by the Company, signed by the person exercising the option, that the Shares to be purchased upon such exercise are being
purchased for investment and not with a view to the distribution thereof. No partial exercise of this option may be for less than ten (10) Share lots or multiples thereof. 
 9. Deferral of Effectiveness of Exercise. The Company may, in its discretion, defer the effectiveness of any exercise of this option in order to
allow the issuance of Shares to be made pursuant to registration or an exemption from registration or other methods for compliance available under federal or state securities laws. In the case of such deferral, the Participant shall have such rights
with respect to this option as are set forth in the Plan. Notwithstanding the foregoing, the Company is under no obligation to effect the registration pursuant to federal or state securities laws of any Shares to be issued pursuant to this
option. 
 10. No Rights of Stockholder. Neither the Participant (nor any beneficiary or transferee) shall be or have any of the
rights or privileges of a stockholder of the Company in respect of any of the Shares issuable pursuant to the exercise of this option, unless and until the date of the issuance of a stock certificate with respect to such Shares. Except as expressly
provided in Paragraph 3 above or in Section 10 of the Plan, no adjustment to this option shall be made for dividends or other rights for which the record date occurs prior to the date such certificates representing such Shares are issued.

 11. No Effect on Employment. The Participant’s employment with the Company is on an at-will basis only. Accordingly, subject
to any written, express employment contract with the Participant, nothing in this Agreement or the Plan shall confer upon the Participant any right to continue to be employed by the Company, or shall interfere with or restrict in any way the rights
of the Company, which are hereby expressly reserved, to terminate the employment of the Participant at any time for any reason whatsoever, with or without Cause. Such reservation of rights can be modified only in an express written contract executed
by a duly authorized officer of the Company. 
 12. 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 Treasury Department, at One Market @ the Landmark, San Francisco, CA 94105, or at such other address as the Company may hereafter designate in writing. 
  

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 13. Transferability. Except as provided in Paragraph 7, this option only may be transferred or
assigned to a member or members of the Participant’s “immediate family,” as such term is defined in Rule 16a-1(e) under the Securities Exchange Act of 1934, as amended, or to a trust for the benefit solely of a member or members of
the Participant’s immediate family, or to a partnership or other entity whose only owners are members of the Participant’s immediate family, provided that the instrument of transfer is approved by the Company’s Employee Benefits
Committee. If the option is so transferred, it is not again transferable other than by will or by the laws of descent and distribution, and following any such transfer, the option will remain subject to substantially the same terms as were
applicable while held by the Participant, unless the Committee determines otherwise. 
 14. Repayment for Misconduct. This paragraph
will apply if: (i) the Company restates any Company financial report that, due to misconduct as determined by the Committee, was materially noncompliant with the securities laws when filed, and (ii) the Participant is a Section 16
Person. 
 (a) If, in the Committee’s opinion, the Participant knowingly or with gross negligence engaged in the
misconduct described above, the Participant shall forfeit any unexercised portion of the option as well as any Common Stock acquired through exercise of the option, and shall repay Del Monte for any profits received by the Participant from any sale
or other disposition of Common Stock acquired by the Participant under the option. This paragraph also applies to any person to whom the Participant’s option is transferred under Paragraph 13 above. 
 (b) If, in the Committee’s opinion, the Participant did not engage in the misconduct described above, the Committee shall
determine, in its sole discretion in order to correct any unjust enrichment, if any portion of the amounts described in Paragraph 14(a) above are subject to repayment by the Participant by any legally permitted means that the Committee deems
appropriate. This paragraph also applies to any person to whom the Participant’s option is transferred under Paragraph 13 above. 
 15.
Other Benefits. Except as provided below, nothing contained in this Agreement shall affect the Participant’s right to participate in and receive benefits under and in accordance with the then current provisions of any pension, insurance
or other employee welfare plan or program of the Company. Notwithstanding any contrary provision of this Agreement, in the event that the Participant receives a hardship withdrawal from his or her pre-tax account under any tax-qualified
retirement plan that contains a cash or deferred arrangement and is sponsored by the Company (the “401(k) Plan”), this option may not be exercised during the twelve (12) month period following the receipt of such withdrawal, unless
the Committee determines that such exercise (or a particular manner of exercise) would not adversely affect the continued tax qualification of the 401(k) Plan. 
 16. Maximum Term of Option. Notwithstanding any other provision of this Agreement, this option is not exercisable after the Expiration Date. 
 17. Binding Agreement. Subject to the limitation on the transferability of this option contained herein, this Agreement shall be binding upon and
inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 
 18. Conditions to
Exercise. The Exercise Price for this option must be paid in cash or its equivalent, or, in the Committee’s sole discretion, in Shares of equivalent value that (a) were previously issued to the Participant and (b) have been held
by the Participant for at least six (6) months prior thereto, or by such other means as the Committee, in its discretion, permits. Exercise of this option will not be permitted until satisfactory arrangements have been made for the payment of
the appropriate amount of withholding taxes (as determined by the Company). 
 19. 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. 
  

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 20. 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 law. 
 21. 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. 
 22.
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. 
 23. 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. 
 24. Definitions. For purposes of this Agreement, words
and phrases bearing initial capital letters shall have the meanings assigned in the Plan. 
 25. Modifications to the Agreement. This
Agreement constitutes the entire understanding of the parties on the subjects covered. The Participant expressly warrants that he or she is not executing this Agreement in reliance on any promises, representations, or inducements other than those
contained herein. Modifications to this Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the Company. 
  

 4

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