Document:

Amended and Restated Incentive Stock Plan Effective October 1, 2008.

 Exhibit 10.10 
 AMENDED AND RESTATED RALCORP HOLDINGS, INC. 
 INCENTIVE STOCK PLAN 
 Section I. General Provisions 
 A. Purpose of Plan

 The purpose of the Amended and Restated Ralcorp Incentive Stock Plan (the “Plan”) is to enhance the profitability and value
of the Company for the benefit of its shareholders by providing for stock options and other stock awards to attract, retain and motivate directors, officers and other key employees who make important contributions to the success of the Company. The
Plan is amended and restated as set forth herein effective October 1, 2008, to the extent the Plan continues in effect as of such date as set forth in Section VII. 
 B. Definitions of Terms as Used in the Plan 
 1. “Affiliate” means any subsidiary, whether directly
or indirectly owned, or parent of the Company, or any other entity designated by the Committee. 
 2. “Award” means a Stock Option granted
under Section II of the Plan or Other Stock Award granted under Section III of the Plan. 
 3. “Board” means the Board of Directors of
Ralcorp Holdings, Inc. 
 4. “Code” means the Internal Revenue Code of 1986, as amended, and the regulations thereunder. 
 5. “Committee” means the Nominating and Compensation Committee of the Board of Directors of the Company or any successor committee the Board of
Directors may designate to administer the Plan. 
 6. “Company” means Ralcorp Holdings, Inc. 
 7. “Employee” means any person who is employed by the Company or an Affiliate. 
 8. “Fair Market Value” of any class or series of Stock means the fair and reasonable value thereof as determined by the Committee according to the closing price in trades as reported on the New York
Stock Exchange-Composite Transactions on the trading day of the applicable date. If there are no prices so reported or if, in the opinion of the Committee, such reported prices do not represent the fair and reasonable value of the Stock, then the
Committee shall determine Fair Market Value by any means it deems reasonable under the circumstances; provided, however, that any determination of Fair Market Value shall be made in a manner consistent with the provisions of Code Section 409A.

 9. “Stock” means the Ralcorp Common Stock or any other authorized class or series of common stock or any such other security outstanding
upon the reclassification of any of such classes or series of common stock, including, without limitation, any stock split-up, stock dividend, creation of targeted stock, spin-off or other distributions of stock in respect of stock, or any reverse
stock split-up, or recapitalization of the Company or any merger or consolidation of the Company with any Affiliate. 

 C. Scope of Plan and Eligibility 
 Any Employee or director selected by the Board or Committee shall be eligible for any Award contemplated under the Plan. 
 D. Authorization and Reservation 
 There shall be established a reserve of 2,900,000 authorized shares of Stock, which shall
be the total number of shares of Stock that may be presently issued pursuant to Awards. (Subject to adjustments pursuant to other provisions of the Plan.) The reserves may consist of authorized but unissued shares of Stock or of reacquired shares,
or both. Upon the cancellation or expiration of an Award, all shares of Stock not issued thereunder shall become available for the granting of additional Awards. The total number of shares of Stock that may be issued to any one participant during
the term of Plan shall not exceed 1,500,000 shares of Stock. 
 E. Administration of the Plan 
 1. The Committee shall administer the Plan and, in connection therewith, it shall have full power to grant Awards, construe and interpret the Plan, establish rules and
regulations and perform all other acts it believes reasonable and proper, including the power to delegate responsibility to others to assist it in administering the Plan. 
 2. The Committee shall include three or more members of the Board of Directors of the Company. Its members shall be appointed by and serve at the pleasure of the Board of Directors. 
 3. The determination of those eligible to receive Awards, and the amount and type of each Award shall rest in the sole discretion of the Committee or the Board, subject
to the provisions of the Plan. 
 Section II. Stock Options 
 A. Description 
 The Committee or the Board may grant options with respect to any class or series of
Stock (“Stock Options”) that qualify as “Incentive Stock Options” under Section 422A of the Internal Revenue Code of 1986, as amended, and it may grant Stock Options that do not so qualify. 
 B. Terms and Conditions 
 1. Each Stock Option shall be set forth in a
written agreement containing such terms and conditions as the Committee or the Board may determine, subject to the provisions of the Plan. 
 2. The purchase
price of any shares exercised under any Stock Option must be paid in full upon such exercise. The payment shall be made in such form, which may be cash or Stock, as the Committee or the Board may determine. 
 3. No Incentive Stock Option may be exercised after the expiration of ten (10) years from the date such option is granted. 

 4. The option price of shares subject to any Stock Option may be any price determined by the Committee or the Board.
Notwithstanding the foregoing, the exercise price shall not be less than 100% of the Fair Market Value per share of the underlying Stock on the date of grant of the Award. 
 5. In the case of an Incentive Stock Option, the aggregate Fair Market Value (determined as of the time the option is granted) of the appropriate class or series of Stock with respect to which options are exercisable
for the first time by any Employee during any calendar year (under all such plans of his employer corporation and its parent and subsidiary corporations) shall not exceed $100,000. 
 Section III. Other Stock Awards 
 In addition to Stock Options, the Committee or
the Board may grant Other Stock Awards payable in any class or series of Stock upon such terms and conditions as the Committee or the Board may determine, subject to the provisions of the Plan. Other Stock Awards may include, but are not limited to,
the following types of Awards: 
 1. Restricted Stock Awards. The Committee or the Board may grant Restricted Stock Awards, each of which consists of
a grant of shares of any class or series of Stock subject to terms and conditions determined by the Committee or the Board in each entity’s discretion, subject to the provisions of the Plan. Such terms and conditions shall be set forth in
written agreements. The shares of Stock granted will be restricted and may not be sold, pledged, transferred or otherwise disposed of until the lapse or release of restrictions in accordance with the terms of the agreement and the Plan. Prior to the
lapse or release of restrictions, all shares of Stock are subject to forfeiture in accordance with Section IV of the Plan. Shares of Stock issued pursuant to a Restricted Stock Award will be issued for no monetary consideration. 
 2. Stock Related Deferred Compensation. The Committee or the Board may, in its discretion, permit the deferral of payment of an Employee’s cash bonus or
other cash compensation in the form of either cash or any class or series of Stock (or Stock equivalents, each corresponding to a share of such Stock) under such terms and conditions as the Committee or the Board may prescribe and subject to such
plan or arrangement providing for such deferral in a manner that complies with the requirements of Section 409A of the Code. Payment of such compensation may be deferred for such period or until the occurrence of such event as the Committee or
the Board may determine and as otherwise set forth in the applicable plan or arrangement in a manner that complies with the requirements of Section 409A of the Code. The Committee or the Board may, in each entity’s discretion, determine
whether any deferral, whether made in cash or such class or series of Stock (or Stock equivalents) shall be paid on distribution in cash or in Stock. If a deferral is permitted in the form of Stock or Stock equivalents, the number of shares of Stock
or number of Stock equivalents deferred will be determined by dividing the amount of the Employee’s bonus or other cash compensation being deferred by the average of the closing prices of the appropriate class or series of Stock, as reported by
the New York Stock Exchange-Composite Transactions, during the ten trading days preceding the effective date of the Committee’s or the Board’s decision to defer. If the Committee or the Board directs the payments in any class or series of
Stock of any portion of amounts deferred in cash, the number of shares of such Stock paid will be determined based on the average of the closing prices of such Stock, as reported by the New York Stock Exchange-Composite Transactions, during the ten
trading days before the payment is due. The Committee, or the Board in its discretion, may permit the conversion of deferrals in any class or series of Stock or Stock equivalents into deferrals 

 
in cash, or the conversion of deferrals in cash into deferrals in any class or series of Stock or Stock equivalents. In the event such conversion is
permitted, the conversion price of the appropriate class or series of Stock shall be based on the Fair Market Value of such Stock. Additional rights or restrictions may apply in the event of a change in control of the Company. Notwithstanding
anything herein to the contrary, any deferral shall be made under and subject to the terms and conditions of an applicable Company plan or arrangement that meets the requirements of Section 409A of the Code. 
 Section IV. Forfeiture of Awards 
 A.
Unless the Committee or the Board shall have determined otherwise, the recipient of an Award shall forfeit all amounts not payable or rights not exercisable upon the occurrence of any of the following events: 
 1. The recipient is discharged for cause. 
 2.
The recipient voluntarily terminates his employment other than by retirement after attainment of age 62, or such other age as may be provided for in the Award. 
 3. The recipient engages in competition with the Company or any Affiliate. 
 4. The recipient engages in any
activity or conduct contrary to the best interests of the Company or any Affiliate. 
 B. The Committee or the Board may include in any Award
any additional or different conditions of forfeiture it may deem appropriate. The Committee or the Board also, after taking into account the relevant circumstances, may waive any condition of forfeiture stated above or in the Award contract.

 C. In the event of forfeiture, the recipient shall lose all rights in and to the Award. Except in the case of Restricted Stock Awards as
to which the restrictions have not lapsed, this provision, however, shall not be invoked to force any recipient to return any Stock already received under an Award. 
 D. Such determinations as may be necessary for application of this Section, including any grant of authority to others to make determinations under this Section, shall be at the sole discretion of the Committee or the
Board, and its determinations shall be conclusive. 
 Section V. Death of Awardee 
 Except as otherwise set forth in the terms of an Award, upon the death of an Award recipient, the following rules apply: 
 1. A Stock Option, to the extent exercisable on the date of his death, may be exercised at any time within six (6) months, or such longer period not
exceeding three years as the Committee or the Board may determine, after the recipient’s death, but not after the earlier of the expiration of the term of the Option or ten years after the original date of grant of the Stock Option, by the
recipient’s designated beneficiary or personal representative or the person or persons entitled thereto by will or in accordance with the laws of descent and distribution. Notwithstanding the foregoing, no extension of the time during which a
Stock Option may be exercised shall be made unless it is determined that such extension will not result in the adverse tax consequences under Section 409A of the Code. 

 2. In the case of any other Award, the Stock due shall be determined as of the date of the
recipient’s death, and the Company shall issue the appropriate number of shares of the appropriate class or series of Stock or pay cash equal to the Fair Market Value thereof or such other value as the Committee or the Board may in its sole
discretion determine. Such issuance of shares of such Stock or payment of cash shall be made to recipient’s designated beneficiary or personal representative or the person or persons entitled thereto by will or in accordance with the laws of
descent and distribution. 
 An Award recipient may file with the Committee a written designation of a beneficiary or beneficiaries (subject
to such limitations as to the classes and number of beneficiaries and contingent beneficiaries as the Committee and the Board may from time to time prescribe) to exercise, in the event of the death of the recipient, a Stock Option, or to receive, in
such event, any Other Stock Awards. The Committee and the Board reserve the right to review and approve beneficiary designations. A recipient may from time to time revoke or change any such designation or beneficiary and any designation of
beneficiary under the Plan shall be controlling over any other disposition, testamentary or otherwise; provided, however, that if the Committee or the Board shall be in doubt as to the right of any such beneficiary to exercise any Stock Option or to
receive any Other Stock Award, the Committee or the Board, as the case may be, may determine to recognize only an exercise by the legal representative of the recipient, in which case the Company and the Committee and the Board and the members
thereof shall not be under any further liability to anyone. 
 Section VI. Other Governing Provisions 
 A. Transferability 
 Except as otherwise noted herein
or as approved by the Committee, no award shall be transferable other than by beneficiary designation, will or the laws of descent and distribution, and any right granted under an Award may be exercised during the lifetime of the holder thereof only
by him or by his guardian or legal representative. 
 B. Rights as a Shareholder 
 A recipient of an Award shall, unless the terms of the Award provide otherwise, have no rights as a shareholder, with respect to any options or shares
which may be issued in connection with the Award until the issuance of a Stock certificate for such shares, and no adjustment other than as stated herein shall be made for dividends or other rights for which the record date is prior to the issuance
of such Stock certificate. 
 C. General Conditions of Awards 
 No Employee or other person shall have any right with respect to this Plan, the shares reserved or in any Award, contingent or otherwise, until written evidence of the Award shall have been delivered to the recipient
and all the terms, conditions and provisions of the Plan applicable to such recipient have been met. 

 D. Reservation of Rights of Company 
 The selection of an Employee for any Award shall not give such person any right to continue as an Employee and the right to discharge any Employee is specifically reserved. 
 E. Acceleration 
 The Committee or the Board may, in
its sole discretion, accelerate the date of exercise of any Award. 
 F. Adjustments 
 Upon any stock split-up, spin-off, stock dividend, issuance of any targeted stock, combination or reclassification with respect to any outstanding class
or series of Stock, or consolidation, merger or sale of all or substantially all of the assets of the Company, appropriate adjustments shall be made to the shares reserved under Section I.D. of the Plan and the terms of all outstanding Awards, to
the extent such action would not trigger the adverse tax consequences under Section 409A of the Code. 
 G. Withholding of Taxes 
 The Company shall deduct from any payment, or otherwise collect from the recipient, any taxes required to be withheld by federal, state or local
governments in connection with any Award. The recipient may elect, subject to approval by the Committee or the Board, to have shares withheld by the Company in satisfaction of such taxes, or to deliver other shares of Stock owned by the recipient in
satisfaction of such taxes. Provided, however, that no such election may be made within six months of the date of grant of the relevant award, with respect to Awards of recipients subject to Section 16 of the Securities Exchange Act of 1934
(“Section 16”). The number of shares to be withheld or delivered shall be calculated by reference to the Fair Market Value of the appropriate class or series of Stock on the date that such taxes are determined. 
 H. No Warranty of Tax Effect 
 Except as may be
contained in the terms of any Award, no opinion is expressed nor warranties made as to the effect for federal, state, or local tax purposes of any Award. 
 I. Amendment of Plan 
 The Board of Directors of the Company may, from time to time, amend, suspend or terminate the Plan in
whole or in part, and if terminated may reinstate any or all of the provisions of the Plan, except that no amendment, suspension or termination may apply to the terms of any Award (contingent or otherwise) granted prior to the effective date of such
amendment, suspension or termination without the recipient’s consent. 
 J. Construction of Plan 
 The place of administration of the Plan shall be in the State of Missouri, and the validity, construction, interpretation, administration and effect of
the Plan and of its rules and regulations, and rights relating to the Plan, shall be determined solely in accordance with the laws of the State of Missouri. 

 K. Elections of Corporate Officers 
 Notwithstanding anything to the contrary stated herein, any election or other action with respect to an Award of a recipient subject to Section 16 will be null and void if any such election or other action would
cause said recipient to be subject to short-swing profit recovery under Section 16. 
 Section VII. Effective Date and Term

 This Plan became effective upon adoption by the shareholders of the Company. The Plan continued in effect until January 31, 2007,
when it terminated. Upon termination, any balances in the share reserve shall be canceled, and no Awards shall be granted under the Plan thereafter. The Plan shall continue in effect, however, insofar as is necessary to complete all of the
Company’s obligations under outstanding Awards to conclude the administration of the Plan.Amended and Restated Deferred Compensation Plan for Non-Management Directors

 Exhibit 10.17 
 RALCORP HOLDINGS, INC. 
 DEFERRED COMPENSATION PLAN 
 FOR NON-MANAGEMENT DIRECTORS 
 (Amended and Restated Effective October 1, 2008) 

 RALCORP HOLDINGS, INC. 
 DEFERRED COMPENSATION PLAN 
 FOR NON-MANAGEMENT DIRECTORS 
 (Amended and Restated Effective as of October 1, 2008) 
 TABLE OF CONTENTS 
  

							
	 	 	 	  	 	  	Page
	 PREAMBLE
	  	1
		
	 ARTICLE I DEFINITIONS
	  	2
				
		 	 1.1
	  	“Account”	  	2
				
		 	 1.2
	  	“Acquiring Person”	  	2
				
		 	 1.3
	  	“Affiliate” or “Associate”	  	2
				
		 	 1.4
	  	“Allocation Date”	  	2
				
		 	 1.5
	  	“Beneficiary”	  	2
				
		 	 1.6
	  	“Board”	  	2
				
		 	 1.7
	  	“Change in Control”	  	2
				
		 	 1.8
	  	“Code”	  	2
				
		 	 1.9
	  	“Committee”	  	2
				
		 	 1.10
	  	“Company”	  	2
				
		 	 1.11
	  	“Company Matching Contributions”	  	2
				
		 	 1.12
	  	“Compensation”	  	3
				
		 	 1.13
	  	“Continuing Director”	  	3
				
		 	 1.14
	  	“Deferral Account	  	3
				
		 	 1.15
	  	“Deferral Election”	  	3
				
		 	 1.16
	  	“Fund”	  	3
				
		 	 1.17
	  	“Matching Contributions Account”	  	3
				
		 	 1.18
	  	“Non-Management Director”	  	3
				
		 	 1.19
	  	“Participant”	  	3
				
		 	 1.20
	  	“Plan”	  	3
				
		 	 1.21
	  	“Plan Year”	  	3
				
		 	 1.22
	  	“Separation from Service”	  	3

  

 i 

							
		 	 1.23
	  	“SIP”	  	4
				
		 	 1.24
	  	“Stock”	  	4
				
		 	 1.25
	  	“Unforeseeable Emergency”	  	4
				
		 	 1.26
	  	Rules of Construction	  	4
		
	 ARTICLE II PARTICIPATION IN THE PLAN
	  	5
				
		 	 2.1
	  	Eligibility	  	5
				
		 	 2.2
	  	Commencement of Participation	  	5
		
	 ARTICLE III ACCOUNTS
	  	6
				
		 	 3.1
	  	Deferral Election	  	6
				
		 	 3.2
	  	Account Reflecting Deferred Compensation	  	6
				
		 	 3.3
	  	Credits or Charges	  	6
				
		 	 3.4
	  	Company Matching Deferral	  	6
				
		 	 3.5
	  	Investment, Management and Use	  	7
				
		 	 3.6
	  	Valuation of Stock	  	7
		
	 ARTICLE IV FUNDS
	  	8
				
		 	 4.1
	  	Fund Selection	  	8
				
		 	 4.2
	  	Exchange	  	8
		
	 ARTICLE V DISTRIBUTION OF ACCOUNT
	  	9
				
		 	 5.1
	  	Time of Distribution	  	9
				
		 	 5.2
	  	Amount Distributed	  	10
				
		 	 5.3
	  	Method of Distribution	  	10
				
		 	 5.4
	  	Form of Payment	  	10
				
		 	 5.5
	  	Distribution Upon Death	  	10
				
		 	 5.6
	  	Designation of Beneficiary	  	11
		
	 ARTICLE VI NON-ASSIGNABILITY
	  	12
				
		 	 6.1
	  	Non-Assignability	  	12
		
	 ARTICLE VII VESTING
	  	13
				
		 	 7.1
	  	Vesting	  	13
		
	 ARTICLE VIII AMENDMENT OR TERMINATION OF THE PLAN
	  	14
				
		 	 8.1
	  	Power to Amend Plan	  	14

  

 ii 

							
		 	 8.2
	  	Distribution of Plan Benefits Upon Termination	  	14
				
		 	 8.3
	  	When Amendments Take Effect	  	14
				
		 	 8.4
	  	Restriction on Retroactive Amendments	  	14
		
	 ARTICLE IX PLAN ADMINISTRATION
	  	15
				
		 	 9.1
	  	Powers of the Committee	  	15
				
		 	 9.2
	  	Indemnification	  	15
				
		 	 9.3
	  	Claims Procedure	  	16
				
		 	 9.4
	  	Expenses	  	16
				
		 	 9.5
	  	Conclusiveness of Action	  	17
				
		 	 9.6
	  	Release of Liability	  	17
		
	 ARTICLE X MISCELLANEOUS
	  	18
				
		 	 10.1
	  	Plan Not a Contract of Employment	  	18
				
		 	 10.2
	  	No Rights Under Plan Except as Set Forth Herein	  	18
				
		 	 10.3
	  	Rules	  	18
				
		 	 10.4
	  	Withholding of Taxes	  	18
				
		 	 10.5
	  	Severability	  	18
				
		 	 10.6
	  	409A Compliance	  	18
				
		 	 10.7
	  	Participant Responsibility	  	18

  

 iii 

 RALCORP HOLDINGS, INC. 
 DEFERRED COMPENSATION PLAN 
 FOR NON-MANAGEMENT DIRECTORS 
 (Amended and Restated Effective as of October 1, 2008) 
 PREAMBLE 
 Ralcorp Holdings, Inc. adopted the Ralcorp Holdings, Inc. Deferred Compensation Plan for Non-Management
Directors effective December 15, 1999. The Company amended and restated the Plan effective January 1, 2005 to comply with Section 409A of the Code. The Company hereby amends and restates the Plan effective as of October 1, 2008
to comply with the regulations issued under Section 409A of the Code. The Plan as set out herein is intended to meet the requirements of Section 409A of the Code for deferrals after December 31, 2004. This amendment and restatement is
intended not to be a material modification of the Plan with respect to deferrals prior to January 1, 2005. 
 The purpose of the Plan is to enhance the
profitability and value of the Company for the benefit of its shareholders by providing a supplemental retirement program to attract and retain qualified Non-Management Directors who have made or will make important contributions to the success of
the Company. 

 ARTICLE I 
 DEFINITIONS 
 As used in this Plan, the following capitalized words and phrases have the meanings indicated, unless
the context requires a different meaning: 
 1.1 “Account” means the bookkeeping account established for each
Participant to reflect amounts credited to such Participant under the Plan. A separate bookkeeping account will be maintained with respect to deferrals attributable to periods ending on or before December 31, 2004 and related hypothetical
investment earnings. 
 1.2 “Acquiring Person” means any person or group of Affiliates or Associates who is or
becomes the beneficial owner, directly or indirectly, of 20% or more of the outstanding Stock. 
 1.3 “Affiliate” or
“Associate” shall have the meanings set forth as of March 1, 1994 in Rule 12b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended. 
 1.4 “Allocation Date” means each day the New York Stock Exchange is open for business. 
 1.5 “Beneficiary” means the person or persons designated by a Participant, or otherwise entitled, to receive any amount credited
to his Account that remains undistributed at his death. 
 1.6 “Board” means the Board of Directors of the Company.

 1.7 “Change in Control” means the time when (i) any person, either individually or together with such
person’s Affiliates or Associates, shall become the beneficial owner, directly or indirectly, of at least 50% of the outstanding Stock and there shall have been a public announcement of such occurrence by the Company or such person or
(ii) individuals who shall qualify as Continuing Directors shall have ceased for any reason to constitute at least a majority of the Board; provided, however, that in the case of either clause (i) or clause (ii), a Change in Control shall
not be deemed to have occurred if the event shall have been approved prior to the occurrence thereof by a majority of the Continuing Directors who shall then be members of the Board. Notwithstanding anything to the contract, an event shall not be a
Change in Control if it is not a change in control as that term is used in Section 409A of the Code. 
 1.8
“Code” means the Internal Revenue Code of 1986, as amended from time to time. 
 1.9
“Committee” means the Corporate Governance and Compensation Committee of the Board. 
 1.10
“Company” means Ralcorp Holdings, Inc., a Missouri corporation, and any successor thereto. 
 1.11
“Company Matching Contributions” means the Company contributions described in Section 3.4. 

 1.12 “Compensation” means a Participant’s annual retainer and fees from the
Company for service on the Board. 
 1.13 “Continuing Director” means any member of the Board, while such person is a
member of the Board, who is not an Affiliate or Associate of an Acquiring Person or of any such Acquiring Person’s Affiliate or Associate and was a member of the Board prior to the time when such Acquiring Person became an Acquiring Person, and
any successor of a Continuing Director, while such successor is a member of the Board, who is not an Acquiring Person or an Affiliate or Associate of an Acquiring Person or a representative or nominee of an Acquiring Person or of any Affiliate or
Associate of such Acquiring Person and is recommended or elected to succeed the Continuing Director by a majority of the Continuing Directors. 
 1.14 “Deferral Account” means the Account established pursuant to Section 3.2. 
 1.15
“Deferral Election” means an agreement between a Participant and the Company under which the Participant agrees to a deferral of his Compensation in accordance with Section 3.1 as follows: 
 (a) a specified percentage (from 0% to 100%) of a Participant’s Compensation; 
 (b) all of a Participant’s Compensation to up to a specified dollar amount; or 
 (c) all of a Participant’s Compensation in excess of a specified dollar amount. 
 1.16 “Fund” means one or more of the measurement investment funds available under the Plan for purposes of crediting or debiting
hypothetical investment gains and losses to the Accounts of Participants. The investment funds available under the Plan shall be identical to the extent possible to those approved by the Employer Benefit Trustees Committee under the SIP. Each Fund
shall be subject to all terms, conditions and fees established from time to time by the Fund sponsor. 
 1.17 “Matching
Contributions Account” means the Account established pursuant to Section 3.4(a). 
 1.18 “Non-Management
Director” means a member of the Board who is not an officer or an employee of the Company, or a subsidiary or affiliate of the Company. 
 1.19 “Participant” means any Non-Management Director who participates in the Plan. 
 1.20 “Plan” means the Ralcorp Holdings, Inc. Deferred Compensation Plan for Non-Management Directors, as originally adopted and as from time to time amended including this restatement. 
 1.21 “Plan Year” means the accounting year of the Plan, which ends on December 31. 
 1.22 “Separation from Service” means a separation from service with the Company within the meaning of Section 409A of the
Code, which general means the termination of a Participant’s service on the Board with no anticipation that the Participant either will renew service on the Board of the Company or will become an employee of the Company or any entity under
common control with the Company within the meaning of Code Section 414(b). 

 1.23 “SIP” means the Ralcorp Holdings, Inc. Savings Investment Plan. 

1.24 “Stock” means the Company’s $.01 par value common stock or any such other security outstanding upon the
reclassification of the Company’s common stock, including, without limitation, any Stock, split-up, Stock dividend, or other distributions of stock in respect of Stock, or any reverse Stock split-up, or recapitalization of the Company or any
merger or consolidation of the Company with any Affiliate, or any other transaction, whether or not with or into or otherwise involving an Acquiring Person. 
 1.25 “Unforeseeable Emergency” means a severe financial hardship to a Participant resulting from an illness or accident of the Participant, the Participant’s spouse, or a dependent (as
defined in Code section 152 (without regard to 152(b)(1), (b)(2) and (d)(1)(B)) of the Participant, loss of the Participant’s property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events
beyond the control of the Participant. The Committee will determine the existence of an Unforeseeable Emergency, based on the supporting facts, circumstances, and documentation provided by the Participant. 
 1.26 “Rules of Construction” 
 (a) Governing law. The construction and operation of this Plan are governed by the laws of the State of Missouri. 
 (b) Headings. The headings of Articles, Sections and Subsections are for reference only and are not to be utilized in construing
the Plan. 
 (c) Gender. Unless clearly inappropriate, all pronouns of whatever gender refer indifferently to persons
or objects of any gender. 
 (d) Singular and plural. Unless clearly inappropriate, singular items refer also to the
plural and vice versa. 
 (e) Severability. If any provision of this Plan is held illegal or invalid for any reason,
the remaining provisions are to remain in full force and effect and to be construed and enforced in accordance with the purposes of the Plan as if the illegal or invalid provision did not exist. 

 ARTICLE II 
 PARTICIPATION IN THE PLAN 
 2.1 Eligibility. Participation in the Plan shall be limited
to Non-Management Directors. 
 2.2 Commencement of Participation. To participate in the Plan, a Non-Management Director shall
defer Compensation earned during a Plan Year by making a Deferral Election with respect to such Compensation, in the manner set forth in Section 3.1. 

 ARTICLE III 
 ACCOUNTS 
 3.1 Deferral Election. Each Plan Year, a Participant may execute a Deferral
Election under which he may elect to defer all or a portion of his Compensation earned during such Plan Year until his Separation from Service. A Deferral Election is irrevocable upon the beginning of the Plan Year to which it applies. Any Deferral
Election shall be made prior to the commencement of the Plan Year in which the Compensation that is the subject of the Deferral Election will be earned. Notwithstanding the foregoing, an individual who first becomes a Non-Management Director
subsequent to the first day of any Plan Year may make a Deferral Election, applicable to the period from the Non-Management Director’s initial entry date to the end of the Plan Year, provided the Deferral Election is made within 30 days of
becoming a Non-Management Director and prior to the performance of services by a Participant for the period covered by the election. Each Deferral Election shall be in a form designated by the Committee. 
 3.2 Account Reflecting Deferred Compensation. The Committee shall establish and maintain a separate Account for each Participant which
shall reflect the amount of the Participant’s total contributions under this Plan and all credits or charges under Section 3.3 from time to time. All amounts credited or charged to a Participant’s Account hereunder shall be in a
manner and form determined within the sole discretion of the Committee. The amount of a Participant’s Compensation deferred by a Deferral Election and all earnings thereon shall be credited to the Participant’s Deferral Account as soon as
administratively practicable. 
 3.3 Credits or Charges. 
 (a) Earnings or Losses. As of each Allocation Date during a Plan Year, a Participant’s Account shall be credited or debited
with earnings or losses approximately equal to the earnings, gain or loss on the Funds indicated as preferred by a Participant for the Plan Year or for the portion of such Plan Year in which the Account is deemed to be invested. 
 (b) Balance of Account. As of each Allocation Date, the amount credited to a Participant’s Account shall be the amount
credited to his Account as of the immediately preceding Allocation Date, plus the Participant’s contribution credits since the immediately preceding Allocation Date, minus any amount that is paid to or on behalf of a Participant pursuant to
this Plan subsequent to the immediately preceding Allocation Date, plus or minus any hypothetical investment gains or losses determined pursuant to Section 3.3(a) above. 
 (c) Change in Control. Upon a Change in Control, all amounts deemed to be invested in the Ralcorp Holdings, Inc. Common Stock Fund
shall be immediately converted to the Fund that is a money market fund. 
 3.4 Company Matching Deferral. 
 (a) Company Matching Deferral. Upon a Participant’s deferral credited
to the Ralcorp Holdings, Inc. Common Stock Fund, the Company shall credit the Participant’s Account with an additional amount credited to the Ralcorp Holdings, Inc. Common Stock Fund equal to 33  1/3% of the Participant’s deferral. Such Company matching contributions and all 

 
earnings thereon are hereinafter referred to as “Company Matching Contributions.” Company Matching Contributions for a Participant shall be
credited to the Participant’s Matching Contributions Account at the same time as the related Participant’s Deferral Election amounts are credited pursuant to Section 3.2. 
 (b) Investment of Company Matching Contributions. All Company Matching Contributions credited to a Participant shall be deemed to
be invested in the Ralcorp Holdings, Inc. Common Stock Fund. 
 (c) Form of Distribution. Any distribution with respect
to Company Matching Contributions that remain invested in the Common Stock Fund shall be in Stock, with cash for any fractional shares, unless the Committee in its discretion changes the form of distribution to all cash or any other combination of
Stock and cash. 
 3.5 Investment, Management and Use. The Company shall have sole control and discretion over the investment,
management and use of all amounts credited to a Participant’s Account until such amounts are distributed pursuant to Article V. Notwithstanding any other provision of this Plan or any notice, statement, summary or other communication provided
to a Participant that may be interpreted to the contrary, the Funds are to be used for measurement purposes only, and a Participant’s election of any such fund, the determination of credits and debits to his Account based on such funds, the
Company’s actual ownership of such funds, and any authority granted under this Plan to a Participant to change the investment of the Company’s assets, if any, may not be considered or construed in any manner as an actual investment of the
Account in any such fund or to constitute a funding of this Plan. 
 3.6 Valuation of Stock. In any situation in which it is
necessary to value Stock, the value of the Stock shall be the closing price as reported by the New York Stock Exchange – Composite Transactions on the date in question, or, if the Stock is not quoted on such composite tape or if the Stock is
not listed on such exchange, on the principal United States securities exchange registered under the Securities Exchange Act of 1934, as amended, on which the Stock is listed, or if the Stock is not listed on any such exchange, the average of the
closing bid quotations with respect to a share of the Stock during the ten (10) days immediately preceding the date in question on the National Association of Securities Dealers, Inc. Automated Quotations System or any system then in use, or if
no such quotations are available, the fair market value on the date in question of a share of the Stock as determined by a majority of the Continuing Directors in good faith. 

 ARTICLE IV 
 FUNDS 
 4.1 Fund Selection. Except for Company Matching Contributions described in
Section 3.4, the rate at which earnings and losses shall be credited to a Participant’s Account shall be determined in accordance with one or more Funds selected by the Participant; if a Participant does not select a Fund the Fund
applicable for that Participant shall be the Fund that is a money market fund. 
 If a Fund elected by a Participant is removed, a Fund selected by the
Employee Benefit Trustees Committee under the SIP shall apply in its place until the Participant elects a replacement Fund. For purposes of calculating earnings and losses attributable to a Fund, any amount shall be deemed to be invested in the Fund
as of the date determined appropriate by the Committee. 
 4.2 Exchange. Subject to the next sentence and any limitations
established by the Committee, including the timeliness of a request, a Participant may exchange Funds as of the close of each business day. An amount attributable to an investment in the Common Stock Fund may not be exchanged for another Fund until
the earlier of (a) the beginning of the calendar year in which the fifth anniversary of such investment occurs, or (b) the Participant’s Separation from Service. 

 ARTICLE V 
 DISTRIBUTION OF ACCOUNT 
 5.1 Time of Distribution. 
 (a) General. Payment of the amount credited to a Participant’s Account shall be made or commence as soon as administratively
practicable following the earlier of the following: 
 (i) the occurrence of an Unforeseeable Emergency; provided that a
withdrawal with respect to an Unforeseeable Emergency may not exceed the amount necessary to satisfy the emergency need, plus amounts necessary to pay taxes reasonably anticipated as a result of the distribution, after taking into account the extent
to which such hardship is or may be relieved through reimbursement or compensation by insurance or otherwise or by liquidation of the Participant’s assets (to the extent the liquidation of such assets itself would not cause severe financial
hardship); or 
 (ii) the Participant’s Separation from Service. 
 (b) Specified Employee. Notwithstanding any provision of the Plan to the contrary, if a Participant is a “specified
employee” within the meaning of Section 409A of the Code, no portion of his or her Account shall be distributed on account of a Separation of Service before the earlier of (a) the date which is six (6) months following the date
of the Participant’s Separation of Service, or (b) the date of death of the Participant. Amounts that would have been paid during the delay will be paid on the first business day following the end of the six month delay. 
 (c) Deferred Time of Payment. In the discretion of the Committee, a Participant may elect to modify the form and time at which
payment of his benefit shall be paid, in accordance with the following: 
 (i) For deferrals not subject to Section 409A
of the Code (i.e., Compensation with respect to services performed prior to January 1, 2005), at any time at least six months prior to the start of the calendar year in which the Participant’s scheduled payment date otherwise would have
occurred; 
 (ii) For deferrals that are subject to Section 409A of the Code: 
 (1) any such election must be received by the Committee or its designee no less than twelve (12) months prior to the
Participant’s scheduled payment date; 
 (2) the election shall not take effect until twelve (12) months after the
date on which the new election is made; and 

 (3) the payment with respect to which such election is made is deferred for a period of
not less than 5 years from the date the payment otherwise would have been made. 
 The Committee, in its discretion, may limit the number of times a
Participant may modify his elected time of payment and establish such other limitations as it deems advisable for the proper administration of the Plan. With respect to deferrals attributable to periods after December 31, 2004, and related
hypothetical earnings, the time or schedule of any payment under the Plan may not be accelerated except as permitted pursuant to Section 409A of the Code. 
 5.2 Amount Distributed. The amount distributed to a Participant shall be determined as of the Allocation Date as of which distribution is made, or as of the most recent Allocation Date preceding the date
as of which distribution is made, pursuant to the Committee’s practice for different methods of distributions, with actual payment occurring as soon as practicable thereafter. 
 5.3 Method of Distribution. Distribution under this Plan may be made in any of the following forms elected by the Participant on his Bonus
Deferral Election, subject to change pursuant to Section 5.1(b): 
 (a) Single payment in the form(s) determined pursuant
to Section 5.4; 
 (b) Annual installments over five years; or 
 (c) Annual installments over ten years. 
 If
a Participant does not make a timely election for the method of distribution, his method of distribution shall be a single payment in the form(s) determined pursuant to Section 5.4. Notwithstanding anything to the contrary, a Participant’s
Account shall be paid in a lump sum if the balance does not exceed the dollar amount under Code section 402(g)(1)(B) ($15,500 for 2008), and if the payment results in the termination and liquidation of the Participant’s entire interest under
the Plan, and any other plans that are treated with this Plan as one plan under Treasury Regulation section 4.409A-1(c)(2). 
 5.4 Form
of Payment. All payments made pursuant to this Plan shall be in cash, subject to the Committee’s discretion to make payment with respect to any Participant in whole or in part in Stock. The amount payable with respect to the Ralcorp
Holdings, Inc. Common Stock Fund shall be the amount of Ralcorp Holdings, Inc. Common Stock Fund units credited to the Participant’s Account multiplied by the per unit fair market value, as determined by the Committee, on the date of the
Participant’s Separation from Service or Unforeseeable Emergency, with interest accruing at the rate of the Fund that is a money market fund from such date of Separation from Service or Unforeseeable Emergency until the time of distribution.

 5.5 Distribution Upon Death. If a Participant dies before commencing the payment of his Account, the unpaid Account balance
shall be paid to a Participant’s designated Beneficiary in a single payment in the form(s) determined pursuant to Section 5.4 within sixty (60) days following the Participant’s date of death. 

 5.6 Designation of Beneficiary. A Participant shall designate a Beneficiary on a form to be
supplied by the Committee. The Beneficiary designation may be changed by the Participant at any time, but any such change shall not be effective until the Beneficiary designation form completed by the Participant is delivered to and received by the
Committee. In the event that the Committee receives more than one Beneficiary designation form from the Participant, the form bearing the most recent date shall be controlling. If the Committee does not have a valid Beneficiary designation of a
Participant at the time of the Participant’s death, then the Participant’s beneficiary shall be the Participant’s surviving spouse, or if none, the Participant’s estate. 

 ARTICLE VI 
 NON-ASSIGNABILITY 
 6.1 Non-Assignability. Neither a Participant nor any Beneficiary of
a Participant shall have any right to commute, sell, assign, pledge, transfer or otherwise convey the right to receive his Account until his Account is actually distributed to a Participant or his Beneficiary. The portion of the Account which has
not been distributed shall not be subject to attachment, garnishment or execution for the payment of any debts, judgments, alimony or separate maintenance and shall not be transferable by operation of law in the event of bankruptcy or insolvency of
a Participant or a Participant’s Beneficiary. 

 ARTICLE VII 
 VESTING 
 7.1 Vesting. Each Participant shall be fully (100%) vested in his entire
Account balance at all times. 

 ARTICLE VIII 
 AMENDMENT OR TERMINATION OF THE PLAN 
 8.1 Power to Amend Plan. The power to amend,
modify or terminate this Plan at any time is reserved to the Committee, except that a Chief Executive Officer of the Company may make amendments to resolve ambiguities, supply omissions and cure defects, any amendments deemed necessary or desirable
to comply with federal tax law or regulations to avoid adverse tax consequences, and any other amendments deemed necessary or desirable, which shall be reported to the Committee Notwithstanding the foregoing, no amendment, modification or
termination which would reasonably be considered to be adverse to a Participant or Beneficiary may apply to or affect the terms of any deferral of Compensation prior to the effective date of such amendment, modification or termination, without the
consent of the participant or Beneficiary affected thereby. Any amendment made to this Plan shall be in accordance with Code section 409A and the regulations thereunder, and may not materially modify the Plan with respect to Deferral Elections made
prior to January 1, 2005. Any amendment made in accordance with this Section 8.1 is binding upon all Participants and their Beneficiaries, the Committee and all other parties in interest. 
 8.2 Distribution of Plan Benefits Upon Termination. Upon the full termination of the Plan, the Committee shall direct the distribution of
the benefits of the Plan to the Participants in a manner that is consistent with and satisfies the provisions of Article V and Section 409A of the Code to the extent applicable. 
 8.3 When Amendments Take Effect. A resolution amending or terminating the Plan becomes effective as of the date specified therein.

 8.4 Restriction on Retroactive Amendments. No amendment may be made that retroactively deprives a Participant of any benefit
accrued before the date of the amendment. 

 ARTICLE IX 
 PLAN ADMINISTRATION 
 9.1 Powers of the Committee. In carrying out its duties with
respect to the general administration of the Plan, the Committee has, in addition to any other powers conferred by the Plan or by law, the following powers: 
 (a) to determine all questions relating to eligibility to participate in the Plan; 
 (b) to compute and certify to an appropriate party the amount and kind of distributions payable to Participants and their Beneficiaries;

 (c) to maintain all records necessary for the administration of the Plan that are not maintained by any record keeper;

 (d) to interpret the provisions of the Plan and to make and publish such rules for the administration of the Plan as are
not inconsistent with the terms thereof; 
 (e) to establish and modify the method of accounting for the Plan; 
 (f) to employ counsel, accountants and other consultants to aid in exercising its powers and carrying out its duties hereunder; and

 (g) to perform any other acts necessary and proper for the administration of the Plan. 
 9.2 Indemnification. 
 (a) Indemnification of Members of the Committee by the Company. The Company agrees to indemnify and hold harmless each member of the Committee against any and all expenses and liabilities arising out of his action or failure to act
in such capacity, excepting only expenses and liabilities arising out of his own willful misconduct or gross negligence. This right of indemnification is in addition to any other rights to which any member of the Committee may be entitled.

 (b) Liabilities for Which Members of the Committee are Indemnified. Liabilities and expenses against which a member
of the Committee is indemnified hereunder include, without limitation, the amount of any settlement or judgment, costs, counsel fees and related charges reasonably incurred in connection with a claim asserted or a proceeding brought against him or
the settlement thereof. 
 (c) Company’s Right to Settle Claims. The Company may, at its own expense, settle any
claim asserted or proceeding brought against any member of the Committee when such settlement appears to be in the best interests of the Company. 
 9.3 Claims Procedure. A Participant or Beneficiary or other person who feels he is entitled to a benefit or right provided under the Plan (hereinafter referred to as “Claimant”) may make a claim, i.e., a request for
benefits under this Plan, pursuant to the Committee’s procedures. 

 (a) Company Action. The Company shall, within 90 days after its receipt of such
claim, make its determination. However, if special circumstances require an extension of time for processing the claim, the Company shall furnish the Claimant, within 90 days after its receipt of such claim, written notification of the extension
explaining the circumstances requiring such extension and the date that it is anticipated that such written statement will be furnished, and shall provide such Claimant with its determination not later than 180 days after receipt of the
Claimant’s claim. 
 In the event the claim is denied, the Company shall provide such Claimant a written statement of the Adverse Benefit
Determination, as defined in Subsection (d) below. The notice of Adverse Benefit Determination shall be delivered or mailed to the Claimant by certified or registered mail to his last known address, which statement shall contain the following:

 (i) the specific reason or reasons for Adverse Benefit Determination; 
 (ii) a reference to the specific provisions of the Plan upon which the Adverse Benefit Determination is based; 
 (iii) a description of any additional material or information that is necessary for the Claimant to perfect the claim; 
 (iv) an explanation of why that material or information is necessary; and 
 (v) an explanation of the review procedure provided below. 
 (b) Procedures for Appealing an Adverse Benefit Determination. Within 60 days after receipt of a notice of an Adverse Benefit
Determination as provided above, if the Claimant disagrees with the Adverse Benefit Determination, the Claimant, or his authorized representative, may request, in writing, that the Committee review his claim and may request to appear before the
Committee for such review. If the Claimant does not request a review of the Adverse Benefit Determination within such 60 day period, he shall be barred and estopped from appealing the Company’s Adverse Benefit Determination. Any appeal shall be
filed with the Committee at the address prescribed by the Committee, and it shall be considered filed on the date it is received by the addressee. In deciding any appeal, the Committee shall act in its capacity as a named Fiduciary. 
 The Claimant shall have the rights to: 
 (i) submit written comments, documents, records and other information relating to the claim for benefits; 
 (ii) request, free of charge, reasonable access to, and copies of all documents, records and other information relevant to his claim for benefits. 
 (c) Response on Appeal. Within 60 days after receipt by the Committee of a written application for review of a Claimant’s
claim, the Committee shall notify the Claimant of its decision by delivery or by certified or registered mail to his last known address; provided, however, in the event that special circumstances require an extension of time for processing such
application, the Committee shall so notify the Claimant of its decision not later than 120 days after receipt of such application. 

 In the event the Committee’s decision on appeal is adverse to the Claimant, the Committee shall
issue a written notice of an Adverse Benefit Determination on Appeal that will contain all of the following information, in a manner calculated to be understood by the Claimant: 
 (i) the specific reason(s) for the Adverse Benefit Determination on Appeal; 
 (ii) reference to specific plan provisions on which the benefit determination is based; 
 (iii) a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to and copies of all
documents, records and other information relevant to the Claimant’s claim for benefits. 
 (d) Definition. As used
herein, the term “Adverse Benefit Determination” shall mean a determination that results in any of the following: the denial, reduction, or termination of, or a failure to provide or make payment (in whole or in part) for, a benefit,
including any such denial, reduction, termination, or failure to provide or make payment that is based on a determination of the Claimant’s eligibility to participate in the Plan. 
 (e) A Claimant may bring a legal action with respect to a claim only if (i) all procedures described above have been exhausted, and
(ii) the action is commenced within ninety (90) days after a decision on review is furnished. 
 9.4 Expenses. All
expenses of the Committee with respect to the Plan shall be paid by the Company. 
 9.5 Conclusiveness of Action. Any action on
matters within the discretion of the Committee will be conclusive, final and binding upon all Participants and upon all persons claiming any rights under the Plan, including Beneficiaries. 
 9.6 Release of Liability. By participating in the Plan, each Participant and Beneficiary automatically releases Ralcorp, its employees, the
Committee, the Board and each member of the Board from any liability due to any failure to follow the requirements of Code section 409A, unless such failure was the result of an action or failure to act that was undertaking by Ralcorp in bad faith.

 ARTICLE X 
 MISCELLANEOUS 
 10.1 Plan Not a Contract of Employment. The adoption and maintenance of
the Plan does not constitute a contract between the Company and any Participant or to be a consideration for the employment or retention as a member of the Board of any person. Nothing herein contained gives any Participant the right to be retained
in the employ of the Company or derogates from the right of the Company to discharge any Participant at any time without regard to the effect of such discharge upon his rights as a Participant in the Plan. 
 10.2 No Rights Under Plan Except as Set Forth Herein. Nothing in this Plan, express or implied, is intended, or shall be construed, to
confer upon or give to any person, firm, association, or corporation, other than the parties hereto and their successors in interest, any right, remedy, or claim under or by reason of this Plan or any covenant, condition, or stipulation hereof, and
all covenants, conditions and stipulations in this Plan, by or on behalf of any party, are for the sole and exclusive benefit of the parties hereto. 
 10.3 Rules. The Committee shall have full and complete discretionary authority to construe and interpret provisions of the Plan. The Committee may adopt such rules as it deems necessary, desirable or
appropriate. All rules and decisions shall be uniformly applied to all Participants in similar circumstances. 
 10.4 Withholding of
Taxes. The Committee shall cause taxes to be withheld from an Account distributed hereunder as required by law, and shall comply with all reporting requirements applicable to amounts deferred and distributed under this Plan. 
 10.5 Severability. If any provision of this Agreement is determined to be invalid or illegal, the remaining provisions shall be effective
and shall be interpreted as if the invalid or illegal provision did not exist, unless the illegal or invalid provision is of such materiality that its omission defeats the purposes of the parties in entering into this Agreement. 
 10.6 409A Compliance. If any provision of the Plan is determined not to comply with Code section 409A, the non compliant provisions shall
be interpreted and applied in a manner that complies with Code section 409A and implements the intent of the Plan as closely as possible. 
 10.7 Participant Responsibility. Each Participant is responsible for reviewing the accuracy of Ralcorp’s implementation of Deferral Elections and investment allocations. If a Participant fails to notify Ralcorp of an
improper implementation of a Deferral Election or investment allocation within thirty-one (31) days after receiving the first statement or other communications implementing the election or allocation, the Participant is deemed to have elected
the implemented Deferral Election or investment allocation.

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