AGREEMENT FOR DEFERRAL OF 1999 ANNUAL CASH BONUS
Xxxxxxx Purina Company ("Company") and NAME agree that, effective November
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1, 1999, $ DEFERRAL awarded to Participant under the 1999 Annual Cash Bonus
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Award Program shall be deferred, as requested by Participant, into the option or
options available under the Deferred Compensation Plan for Key Employees
("Plan"), the Prospectus for which is attached hereto as Exhibit A and
incorporated by reference herein.
Pursuant to Participant's request, the following amounts have been deferred
for Participant in the manner set forth below:
(1) XXXXXXX PURINA EQUITY OPTION -
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(a) $ EQUITY in a deferred Stock Equivalent account in Participant's name
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under the Xxxxxxx Purina Equity Option as set forth in the Prospectus.
(b) $ MATCH in a deferred Stock Equivalent account in Participant's name
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representing Company Matching Deferral (25% of amount listed in 1(a) above) as
set forth in the Prospectus.
(2) SHORT-TERM PRIME RATE OPTION - $ SHORTTERM in a deferred Cash
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account in Participant's name under the Prime Rate Option as set forth in the
Prospectus; provided, however, that, notwithstanding any provision to the
contrary contained in the Plan, amounts attributable to deferrals into the Prime
Rate Option shall be paid to Participant in January 2000.
(3) PRIME RATE OPTION - $ PRIMERATE in an unfunded account in the
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Participant's name as set forth in the Prospectus.
Participant's deferral hereunder is pursuant to the Plan and is subject in
all respects to the terms and conditions of this Agreement and of the Plan. No
other communications or representations, written or oral, made prior or
subsequent to this Agreement shall be deemed to amend or modify the terms of
this deferral except by an agreement in writing executed by the parties
subsequent to the date of this Agreement, expressly consenting to such amendment
or modification. Participant hereby waives any rights, and releases Company
from any claim, based on any such prior communications or representations, if
any.
ACCEPTED: XXXXXXX PURINA COMPANY
_______________________________ By:__________________________
Participant X. X. Xxxxxx
Vice President and
Director, Administration
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Date