0000048465-19-000057 Sample Contracts

HORMEL FOODS CORPORATION Restricted Stock Unit Agreement Under the 2018 Incentive Compensation Plan
Restricted Stock Unit Agreement • December 6th, 2019 • 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 award of Restricted Stock Units to you, the Participant named below. The terms and conditions of this Restricted Stock Unit Award are set forth in this Agreement, consisting of this cover page and the Restricted Stock Unit 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 used but not defined in this Agreement shall have the meaning assigned to it in the Plan as it currently exists or as it is amended in the future.

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