Document:

exv10w6

Exhibit 10.6

FORM OF

STOCK OPTION AGREEMENT

CONAGRA FOODS, INC.

   Stock Option Agreement, hereinafter referred to as the “Option” or the “Agreement”, is made
on the ___day of                     , 20___, between ConAgra Foods, Inc., a Delaware Corporation (“ConAgra Foods”)
and the Optionee.

          
1. Grant of Option. ConAgra Foods hereby grants an Option on shares of ConAgra Foods’
common stock (the “Common Stock”) to the Optionee, as follows:

	 	 	 
	 

	 	Optionee:      [as applicable: CEO or EVP, External Affairs and President, Commercial Foods]
	 
	 	 
	 

	 	Number of Shares:      
                
          
  
	 
	 	 
	 

	 	Exercise Price per Share:     
              
      
	 
	 	 
	 

	 	Date of Grant:     
             
        
	 
	 	 
	 

	 	Plan Name: The ConAgra 2009 Stock Plan (the “Plan”)
	 
	 	 
	 

	 	Type of Option: Non-qualified
	 
	 	 
	 

	 	Expiration Date:         
                 
               
	 
	 	 
	 

	 	Term of Option:       
               
                
   

          
IN WITNESS WHEREOF, ConAgra Foods and the Optionee have caused this Agreement to be executed
effective as of the date first written above. ConAgra Foods and the Optionee acknowledge that this
Agreement includes eight pages including this first page. The Optionee acknowledges reading and
agreeing to all eight pages.

	 	 	 	 	 
	CONAGRA FOODS, INC.

	 	OPTIONEE	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

[as applicable: CEO or EVP, External
Affairs and President, Commercial Foods]
	 	 
	Date:

	 	Date:	 	 
	 

	 	 
	 	 

55

 

     2. Definitions: Terms not otherwise defined herein shall have the meanings ascribed
to them in an Employment Agreement between ConAgra Foods and the Optionee dated effective as of
[insert applicable date: August 31, 2005 or December 1, 2005] (as amended, the “Employment
Agreement”). The following terms shall have the respective meanings set forth below:

     a. “Change of Control” means:

     (i) the acquisition (other than from ConAgra Foods) by any person, entity or “group,”
within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934
(the “Exchange Act”), (excluding, for this purpose, the Company, or any employee benefit plan
of the Company which acquires beneficial ownership of voting securities of ConAgra Foods) of
beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of
30% or more of either the then outstanding shares of common stock or the combined voting
power of ConAgra Foods’ then outstanding voting securities entitled to vote generally in the
election of directors; or

     (ii) individuals who, as of the date hereof, constitute the Board (as of the date hereof
the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board,
provided that any person becoming a director subsequent to the date hereof whose election, or
nomination for the election by ConAgra Foods’ shareholders, was approved by a vote of at
least a majority of the directors then comprising the Incumbent Board shall be, for purposes
of this Agreement, considered as though such person were a member of the Incumbent Board; or

     (iii) consummation of a reorganization, merger or consolidation, in each case, with
respect to which persons who were the stockholders of ConAgra Foods immediately prior to such
reorganization, merger or consolidation do not, immediately thereafter, own more than 50% of
the combined voting power entitled to vote generally in the election of directors of the
reorganized, merged or consolidated company’s then outstanding voting securities, or a
liquidation or dissolution of ConAgra Foods or of the sale of all or substantially all of the
assets of ConAgra Foods.

          b. “Company” means ConAgra Foods (and any successor thereto) and its Subsidiaries.

          c. “Continuous Employment” means the absence of any interruption or termination of employment
by the Company. Continuous Employment shall not be considered interrupted in the case of sick
leave, Long Term Disability, military leave or any other leave of absence approved by the Company.

56

 

          d. “Retiree Eligible” means terminating employment with the Company following [insert
applicable date: August 31, 2010 or December 1, 2010], or, if earlier, due to death or disability,
or involuntary termination without Cause or resignation for Good Reason, each as defined in the
Employment Agreement.

          e. “Subsidiaries” means any corporation, partnership, joint venture or other entity in which
ConAgra Foods owns, directly or indirectly, 25% or more of the voting power or of the capital
interest or profits interest (within the meaning of Internal Revenue Code Section 414(c)) of such
entity.

     3. Vesting and Exercise of Option. This Option shall be vested and exercisable with
respect to forty percent (40%) of such options on              
               ; an additional
thirty percent (30%) of such
options on         
            ; and the balance of such options on
        
                 . Unless otherwise provided in this Agreement, all
such installments shall vest and be exercisable from the commencement date thereof and ending seven
years after the date of this Agreement, all in accordance with the terms of this Agreement.

          a. Change of Control. In the event of Change of Control, the Option granted pursuant
to this Agreement shall become immediately exercisable with respect to the full number of shares
subject to this Option.

          b. Termination of employment; Early Vesting; Cancellation.

     (i) In the event Optionee becomes Retiree Eligible, this Option shall become fully
vested.

     (ii) In the event the Company terminates the employment of the Optionee with Cause, this
Option shall terminate and all unexercised options shall lapse.

     (iii) In the event the Optionee’s Continuous Employment terminates for any reason except
as provided in Section 2(b)(i) or (ii), unvested options shall immediately cancel and any
vested options not exercised during the exercise period set forth in Section 3(c) shall be
cancelled at the end of the applicable exercise period.

          c. Right to Exercise. This Option shall be exercisable during the term of the Option,
by the Optionee:

     (i) while the Optionee is in Continuous Employment;

     (ii) for a period ending 90 days after the Optionee’s Continuous Employment terminates
for any reason except as provided in Section 2(b)(i) or (ii). The options that may be
exercised are those that are vested (and not previously exercised) at the time such
termination of employment occurs;

     (iii) for the remaining the term of the Option in the event the Optionee becomes Retiree
Eligible.

          d. Method of Exercise. This Option shall be exercisable by a written notice which
shall:

     (i) state the election to exercise the Option, the number of shares in respect of which
it is being exercised, the person in whose name the stock certificate or certificates for
such shares of Common Stock is to be registered, his/her address and social security number;

57

 

     (ii) be signed by the person or persons entitled to exercise the Option and, if the
Option is being exercised by any person or persons other than the Optionee, be accompanied by
proof satisfactory to counsel for ConAgra Foods of the right of such person or persons to
exercise the Option. Payment of the purchase price of any
shares with respect to which the Option is being exercised shall accompany the written
notice of exercise and shall be by one or any combination of the following:

	 	i.	 	cash,
	 
	 	ii.	 	
check,
	 
	 	iii.	 	
wire transfer,

	 
	 	iv.	 	
 certified or cashier’s check,
	 
	 	v.	 	 subject to the provisions of any Insider Trading
Agreement, by delivering previously owned shares of Common Stock held by the
Optionee for at least six months valued at Fair Market Value in accordance
with Section 6.4 of the Plan, or

	 
	 	vi.	 	  subject to the provisions of any Insider Trading
Agreement, by irrevocably authorizing a third party to sell shares of Common
Stock (or a sufficient portion thereof) acquired upon exercise of the Option
and remitting to ConAgra Foods a sufficient portion of the sale proceeds to
pay both the entire exercise price and amounts owed under Section 3(e) of
this Agreement.

 

          e. Restrictions on Exercise. As a condition to exercise of this Option, ConAgra Foods
may require the person exercising this Option to make any representation and warranty to ConAgra
Foods as may be required by any applicable law or regulation.

          f. 
Payment of Taxes Upon Exercise. As a condition of the issuance of shares of Common
Stock upon exercise hereunder, the Optionee agrees to remit to the Company at the time of exercise
of this Option any taxes required to be withheld by the Company under Federal, state or local law
as a result of the exercise. The minimum statutory tax withholding amount may be paid by one or
any combination of the following:

i. cash,

ii. check,

iii. wire transfer,

iv. certified or cashier’s check,

v. subject to the provisions of any Insider Trading Agreement, by delivering
previously owned shares of Common Stock held by the Optionee for at least six months
valued at Fair Market Value in accordance with Section 11.4 of the Plan, or

vi. subject to the provisions of any Insider Trading Agreement, by irrevocably
authorizing a third party to sell shares of Common Stock (or a sufficient portion
thereof) acquired upon exercise of the Option and remitting to ConAgra Foods a
sufficient portion of the sale proceeds to pay both the entire exercise price and
amounts owed under Section 3(e) of this Agreement.

58

 

In addition, the Optionee may deliver previously acquired shares of Common Stock held by the
Optionee for at least six months in order to satisfy additional tax withholding above the minimum
statutory tax withholding amount permissible, provided, however, the Optionee shall not be entitled
to deliver such additional shares if it would cause adverse accounting consequences for ConAgra
Foods.

     4. Non-Transferability of Option. Except as may otherwise be permitted by the Human
Resources Committee of the Board of Directors, this Option may not be assigned, transferred,
pledged or hypothecated in any manner (otherwise than
by will or the laws of descent or distribution) nor may the Optionee enter into any
transaction for the purpose of, or which as the effect of, reducing the market risk of holding the
Option by using puts, calls or similar financial techniques. This Option may be exercised during
the lifetime of the Optionee only by the Optionee. The terms of this Option shall be binding upon
the executors, administrators, heirs, successors and assigns (the “Successors”) of the Optionee.

     5. Stock Subject to the Option. The Company will not be required to issue or deliver
any certificate or certificates for shares to be issued hereunder until such shares have been
listed (or authorized for listing upon official notice of issuance) upon each stock exchange on
which outstanding shares of the same class are then listed and until the Company has taken such
steps as may, in the opinion of counsel for the Company, be required by law and applicable
regulations, including the rules and regulations of the Securities and Exchange Commission, and
State Securities laws and regulations, in connection with the issuance or sale of such shares, and
the listing of such shares on each such exchange. The Company will use its best efforts to comply
with any such requirements.

     6. Adjustments Upon Changes in Capitalization. If all or any portion of the Option is
exercised subsequent to any stock dividend, upon subdivision, split-up, combination or
reclassification of the Common Stock or a merger or consolidation involving ConAgra Foods, the
Human Resources Committee of the Board of Directors shall make equitable adjustment in the number
and type of shares subject to this Option and adjustment in the per share Option Price, provided,
however, that no fractional share shall be issued upon subsequent exercise of the Option and the
aggregate price paid shall be appropriately reduced on account of any fractional share not issued.
No adjustment shall be made if such adjustment is prohibited by Section 5.4 of the Plan (relating
to Section 409A of the Code).

     7. Notices. Each notice relating to this Agreement shall be in writing. Each notice
shall be deemed to have been given on the date it is received. Each notice to the Company shall be
addressed to its principal office in Omaha, Nebraska, Attention: Compensation. Each notice to the
Optionee or any other person or persons entitled to exercise the Option shall be addressed to the
Optionee’s address as shown on the Company’s records. Anyone to whom a notice may be given under
this Agreement may designate a new address by notice to the effect.

     8. Benefits of Agreement. This Agreement shall inure to the benefit of and be binding
upon each successor of ConAgra Foods. All obligations imposed upon the Optionee and all rights
granted to the Company under this Agreement shall

59

 

be binding upon the Optionee’s Successors. This
Agreement shall be the sole and exclusive source of any and all rights which the Optionee or his
Successors may have in respect to the Plan or any Options or Common Stock granted or issued
thereunder whether to himself or to any other person.

     9. Resolution of Disputes. Any dispute or disagreement which should arise under or as
a result of or in any way related to the interpretation, construction or application of this
Agreement will be determined by the Human Resources
Committee of the Board of Directors. Any determination made hereunder shall be final, binding
and conclusive for all purposes. This Agreement and the legal relations between the parties hereto
shall be governed by and construed in accordance with the laws of the state of Nebraska.

60Exhibit 10.41

Exhibit 10.41

AMENDMENT TO SENIOR SUBORDINATED NOTE

THIS AMENDMENT (the “Amendment”), dated as of this 28th day of September, 2009 by
and between CAPTERRA FINANCIAL GROUP, INC., formerly know as ACROSS AMERICA REAL ESTATE CORP., a
Colorado corporation, having an office at 1440 Blake Street, Denver, Colorado 80202 (“Maker”) and
GDBA INVESTMENTS, LLC, a Colorado limited liability company, and the successor in interest to GDBA
INVESTMENTS, LLLP, a Colorado limited liability limited partnership, having an office at 1440 Blake
Street, Denver, Colorado 80202 (“Holder”).

WITNESSETH:

WHEREAS, Maker has executed and delivered to Holder a Senior Subordinated Note and a Senior
Subordinated Revolving Note dated September 28, 2006(the “Notes”) to evidence Maker’s indebtedness
to Holder in the principal amount of Seven Million Dollars ($7,000,000.00); and

WHEREAS, Maker and Holder amended such Senior Subordinated Note and Senior Subordinated
Revolving Note (“Amendment No. 1”) on May 7, 2007 to further subordinate the Note to a credit
facility to be extended to Maker by United Western Bank and otherwise modify certain terms and
provisions of the Note; and

WHEREAS, Maker and Holder amended such Senior Subordinated Note and Senior Subordinated
Revolving Note (“Amendment No. 2”) on August 10, 2007 to waive a negative covenant which listed an
“Event of Default” under the Note as a net loss under GAAP of greater than $1,000,000 in any
calendar quarter; and

WHEREAS, Maker and Holder amended such Senior Subordinated Note and Senior Subordinated
Revolving Note (“Amendment No. 3”) on June 4, 2008 to include in the definition of “Senior Debt “
the indebtedness to Holder under that certain Senior Subordinated Note with Holder dated June 4,
2008; and

WHEREAS, Maker and Holder wish to further amend, clarify and define certain terms and
provisions of the Note;

NOW, THEREFORE, in consideration of the premises set forth herein above, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, intending
to be legally bound, the parties hereto do hereby mutually and expressly understand and agree as
follows:

1. Maturity Date. Notwithstanding any other provision in the Note, the maturity date
of this Note shall be September 28, 2012.

2. Representations and Warranties. Maker hereby represents and warrants, and Holder
hereby acknowledges and agrees, that (a) no default has occurred under the Note, (b) except as
provided herein, the Note has not been modified or amended, and (c) the execution and delivery of
this Agreement has been duly authorized by all necessary action of the parties hereto.

3. Interest Payments. Maker and Holder hereby agree that, beginning with the interest
payment due September 30, 2009, accrued interest will be paid in the common stock of Maker on a
quarterly basis through December 31, 2010. The common stock will be priced at the average closing price of the
Maker’s common stock during that quarter.

 

 

 

4. Ratification. Except as modified by this Amendment, all of the terms of the Note
are ratified and reaffirmed and remain in full force and effect.

5. Binding Provisions. The terms and conditions of this Amendment shall be binding
upon and shall inure to the benefit of the parties hereto, their successors and assigns.

6. Governing Law. The terms and conditions of this Amendment shall be
governed by the applicable laws of the State of Colorado.

IN WITNESS WHEREOF the parties hereto have each caused this Amendment to be executed by their
respective duly authorized representatives, as of the day and year first above written.

	 	 	 	 	 
	 	MAKER:

CAPTERRA FINANCIAL GROUP, INC., formerly know as ACROSS AMERICA REAL ESTATE CORP., a Colorado corporation

 	 
	 	By:  	/s/ James W. Creamer III	 
	 	 	James W. Creamer III, President 	 
	 	 	 	 
	 
	 	HOLDER:

GDBA INVESTMENTS, LLC, a Colorado limited liability company, and the
successor in interest to GDBA INVESTMENTS, LLLP, a Colorado limited
liability limited partnership

 	 
	 	By:  	/s/ G. Brent Backman     	 
	 	 	Name:  	G. Brent Backman   	 
	 	 	Title:  	Manager

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}]]