SUPPLEMENTAL EXECUTIVE BENEFIT PLAN
AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2001
ESTABLISHMENT OF PLAN
Seaboard Corporation established the Seaboard Corporation Supplemental Executive Retirement Plan which
plan was amended and restated effective January 1, 1998. The plan is hereby further amended and restated
effective January 1, 2001 and is renamed the "Seaboard Corporation Supplemental Executive Benefit Plan."
The following definitions shall apply for purposes of this Plan:
"Code" means the Internal Revenue Code of 1986 as from time to time amended.
"Company" means Seaboard Corporation, a Delaware corporation.
"Eligible Employee" means, with respect to any Year, an employee of the Company or of a Subsidiary who has
completed one year of service as defined for purposes of eligibility for a matching contribution under the 401(k)
Plan and who meets either or both of the following qualifications: (i) has made a compensation reduction election
for such year pursuant to the provisions of the Option Plan, and (ii) has received compensation for such Year that
is not included as compensation under the
401(k) Plan solely on account of the limitation on the amount of compensation that can be taken into account
under the 401(k) Plan for such Year under Section 401(a)(17) of the Code.
"401(k) Plan" means the Retirement Savings Plan for Seaboard Corporation as amended and restated effective
January 1, 1999, and as amended from time to time.
"Option" means a discretionary option to purchase Shares granted under the Option Plan but that is granted
pursuant to the provisions of this Plan.
"Option Plan" means the Seaboard Corporation Investment Option Plan established by the Company effective
December 1, 2000, as amended from time to time.
"Plan" means the Seaboard Corporation Supplemental Executive Benefit Plan as set forth herein and as amended
from time to time.
"Shares" means shares of selected investments that may be purc