SEABOARD CORPORATION RETIREE MEDICAL BENEFIT PLAN
This Seaboard Corporation Retiree Medical Benefit Plan is established by Seaboard Corporation effective
March 4, 2005. The primary purpose of this 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
For purposes of this Plan, the following words and phrases shall have the meaning indicated below.
2.1 "Benefits" means the insured 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 the benefit of any descendant of Otto Bresky, Senior) of more than 50% of either the
membership interests or the combined voting power of Seaboard Flour, LLC.
2.3 "COBRA" means the Consolidated Omnibus Reco