AGREEMENT FOR DEFERRAL OF 1998 ANNUAL CASH BONUS
▇▇▇▇▇▇▇ Purina Company ("Company") and ________________ agree that,
effective November 1, 1998, $ awarded to Participant under the 1998
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Annual Cash Bonus Award Program shall be deferred, as requested by 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 -
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(a) $ in a Deferred Stock Equivalent Account in
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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
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Participant's name representing Company Matching Deferral (25% of amount listed
in 1(a) above) as set forth in Section 2.2(b) of the Plan.
(2) SHORT-TERM VARIABLE INTEREST OPTION - $ in a Deferred Cash
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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
1999.
(3) LONG-TERM VARIABLE INTEREST OPTION - $ in a Deferred Cash
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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: ▇▇▇▇▇▇▇ PURINA COMPANY
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Participant --------------------------------
▇. ▇. ▇▇▇▇▇▇
Vice President and
Director, Administration
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Date
