AGREEMENT FOR DEFERRAL OF 1996 ANNUAL CASH BONUS
Xxxxxxx Purina Company ("Company") and agree that, effective
November 1, 1996, $ awarded to Participant under the 1996 Annual Cash Bonus
Award Program shall be deferred, as requested Participant, into the option or
options available under the Deferred Compensation Plan for Key Employees
("Plan"), 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) Equity Option -
(a) $ in a Deferred Stock Equivalent Account in Participant's
name under the Equity Option as set forth in Section 2.2 of the
Plan.
(b) $ in a Deferred Stock Equivalent Account in Participant's
name representing Company Matching Deferral (25% of amount listed
in 1(a) above) as set forth in Section 2.2b) of the Plan.
(2) Short-Term Variable Interest Option - $ in a Deferred Cash
Account in Participant's name under the Variable Interest Option as
set forth in Section 2.3 of the Plan; provided, however, that,
notwithstanding any provision to the contrary contained in the Plan,
amounts attributable to deferrals into the Short-Term Variable
Interest Option shall be paid to Participant in January 1997.
(3) Long-Term Variable Interest Option - $ in a Deferred Cash
Account in Participant's name under the Variable Interest Option as
set forth in Section 2.3 of the Plan.
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
Participant X. X. Xxxxxx
Vice President and Director, Administration
Date
