SMITHFIELD FOODS, INC. 1998 STOCK INCENTIVE PLAN
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Human Resources
- Bonus & Incentive Agreements
EX-10.6C 17 dex106c.htm EX-10.6C Prepared by R.R. Donnelley Financial -- EX-10.6C
EXHIBIT 10.6(c)
AMENDMENT TO
SMITHFIELD FOODS, INC.
1998 STOCK INCENTIVE PLAN
This Amendment to the Smithfield Foods, Inc. 1998 Stock Incentive Plan is made effective August 29, 2001.
1. | Section 3(t) of the Plan is amended to read as follows: |
“Performance Criteria” means any of the following areas of performance of the Company or a Subsidiary of the Company: asset growth; pre-tax earnings; pre-tax profits; debt to equity ratio; earnings per share; revenues; operating income; operating costs and efficiencies; operating cash flow; net income, before or after taxes; net income before income taxes, incentive payments and accounting for minority interest; return on total capital, equity, revenue or assets; or market value of the Company’s Common Stock. All Performance Criteria shall be calculated in accordance with generally accepted accounting principles consistently applied by the Company.
