HORMEL FOODS CORPORATION Stock Option Agreement Under the 2018 Incentive Compensation PlanHormel Foods Corporation • February 29th, 2024 • Hormel Foods Corp /De/ • Meat packing plants • Delaware
Hormel Foods Corporation (the “Company”), pursuant to its 2018 Incentive Compensation Plan (the “Plan”), hereby grants an Option to purchase shares of the Company’s common stock to you, the Participant named below. The terms and conditions of the Option Award are set forth in this Agreement, consisting of this cover page and the Option Terms and Conditions on the following pages, and in the Plan document, a copy of which has been provided to you. Any capitalized term that is not defined in this Agreement shall have the meaning set forth in the Plan as it currently exists or as it is amended in the future.
