SEABOARD CORPORATION RETIREE MEDICAL BENEFIT PLAN
AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2009
The Seaboard Corporation Retiree Medical Benefit Plan (the "Plan") was established by Seaboard Corporation
effective March 4, 2005. The primary purpose of the Plan is to provide medical benefits not otherwise provided
under the Seaboard Corporation Health Plan to certain individuals who have rendered valuable services to
Seaboard Corporation. The Plan is hereby amended and restated for the purpose of adding certain provisions in
compliance with Section 409A of the Internal Revenue Code of 1986, as amended.
For purposes of this Plan, the following words and phrases shall have the meaning indicated below.
2.1 "Benefits" means the medical benefits provided through this Plan.
2.2 "Change of Control" means an event or transaction which results in one or more of the following:
(a) The acquisition by any person or entity (other than by the Company or one of its subsidiaries) of more than
fifty percent (50%) of either the outstanding shares of common stock or the combined voting power of the
Company's then outstanding voting securities entitled to vote generally in the election of directors;
(b) The liquidation of the Company or the sale of more than eighty-five percent (85%) of the assets of the
Company to an unrelated person or entity;
(c) The approval by the shareholders of the Company of a reorganization, merger or consolidation with respect
to which persons who were the stockholders of the Company immediately prior to such reorganization, merger or
consolidation do not, immediately thereafter, own more than fifty percent (50%) of the combined voting power
entitled to vote generally in the election of the directors of the reorganized, merged or consolidated entity's then
outstanding voting securities; or
(d) The acquisition by any person or entity (other than by any descendant of Otto Bresky, Senior or any trust
established primarily for t