Employment Agreement (February 27th, 2013)
This EMPLOYMENT AGREEMENT (this Agreement) is entered into as of December 21, 2012 by and between SEABOARD MARINE LTD., a Liberian corporation (together with any Successor thereto, the Company), and Edward A. Gonzalez (Executive).
Seaboard Corporation Cash Balance Executive Retirement Plan Amended and Restated Effective January 1, 2013 (February 27th, 2013)
Seaboard Corporation (the Company) adopted the Cash Balance Executive Retirement Plan (the Plan) effective as of January 1, 2009. The Company previously adopted the Seaboard Corporation 409A Executive Retirement Plan (the SERP Plan), amended and restated effective January 1, 2009. The SERP Plan was further amended and restated effective January 1, 2013. Section 457A of the Internal Revenue Code of 1986, as amended (the Code) provides for adverse tax consequences to the employees of certain foreign affiliates of the Company participating in the SERP Plan. Accordingly, the Participants in the SERP Plan listed on the Addendum A attached hereto were removed as Participants from the SERP Plan, and became Participants under this Plan. The purpose of this Plan is to provide a supplemental retirement benefit to the Participants which is substantially similar to the benefits that would have been provided to said Participants under the SERP Plan.
Contract (March 2nd, 2009)
THIRD AMENDMENT TO EMPLOYMENT AGREEMENT This Third Amendment to Employment Agreement (the "Amendment") is entered into as of December 15, 2008, by and between Seaboard Marine Ltd., a Liberian corporation (together with any Successor thereto, the "Company"), and Edward A. Gonzalez ("Executive"). W I T N E S S E T H: WHEREAS, the Company and Executive have entered into that certain Employment Agreement dated as of July 1, 2005, as amended, setting forth the terms upon which Executive is employed with the Company; and WHEREAS, the parties desire to amend certain provisions of the Employment Agreement to ensure compliance with Internal Revenue Code 409A and the related regulations, ("Section 409A") dealing with deferred compensation rules; NOW, THEREFORE, the parties agree as follows: 1. Definitions. All terms used herein which are not defined shall have t
Contract (March 5th, 2007)
SECOND AMENDMENT TO EMPLOYMENT AGREEMENT THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (the "Second Amendment") is entered into as of January 17, 2007 by and between Seaboard Marine Ltd., a Liberian corporation, together with any successor thereto, the "Company," and Edward A. Gonzalez ("Executive"). W I T N E S S E T H: WHEREAS, the Company and Executive entered into that certain Employment Agreement ("Employment Agreement") dated as of July 1, 2005, which was amended pursuant to that certain Amendment to Employment Agreement dated August 8, 2006 (the "Amendment"); WHEREAS, it was intended that the Amendment also set forth an amendment to Section 10 of the Employment Agreement to extend the "Non-Compete Period"; WHEREAS, the Company and Executive desire to amend the Employment Agreement, as amended, as set forth herein; NOW, THEREFORE, in consideration of the premises and the mutual covenants and prom
Contract (August 9th, 2006)
Contract (March 7th, 2006)
EMPLOYMENT AGREEMENT This EMPLOYMENT AGREEMENT (this "Agreement") is entered into as of July 1, 2005 by and between SEABOARD MARINE LTD., a Liberian corporation (together with any Successor thereto, the "Company"), and Edward A Gonzalez ("Executive"). WITNESSETH: WHEREAS, the Company desires to employ and secure the exclusive services of Executive on the terms and conditions set forth in this Agreement; WHEREAS, Executive desires to accept such employment on such terms and conditions; and NOW, THEREFORE, in consideration of the premises and the mutual covenants and promises contained herein and for other good and valuable consideration, the Company and Executive hereby agree as follows: 1. Agreement to Employ. Upon the terms and subject to the conditions of this Agreement, the Company hereby agrees to continue to employ Executive, and Executive hereby accepts such continued employment wi