0001104659-18-005624 Sample Contracts

HORMEL FOODS CORPORATION Restricted Stock Award Agreement Under the 2018 Incentive Compensation Plan (Non-Employee Directors)
Restricted Stock Award Agreement • February 1st, 2018 • 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 to you, the Participant named below. The terms and conditions of this Restricted Stock Award are set forth in this Restricted Stock Award Agreement (the “Agreement”), consisting of this cover page and the Terms and Conditions on the following pages, and in the Plan document, a copy of which has been provided or otherwise made available to you and is incorporated herein by reference and made a part of this Agreement. 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.

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HORMEL FOODS CORPORATION Stock Option Agreement Under the 2018 Incentive Compensation Plan
Stock Option Agreement • February 1st, 2018 • 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.

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