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- 10-Q Quarterly report
- 10.1 Amendment No. One to the Seaboard Corporation Pension Plan As Restated
- 10.2 Restated Employment Agreement Between Seaboard Corporation and Robert L. Steer
- 10.3 Seaboard Corporation Cash Balance Executive Retirement Plan Amended and Restated
- 10.4 Summary of Perquisite for Personal Use of Seaboard Airplane
- 31.1 Certification of the Chief Executive and Chief Financial Officer Pursuant to Section 302
- 32.1 Certification of the Chief Executive and Chief Financial Officer Pursuant to Section 906
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Exhibit 10.4
Seaboard Corporation
Summary of Perquisite for Personal Use of Seaboard Airplane
(Effective September 22, 2020)
The Board of Directors of Seaboard Corporation has approved for the Chairwoman of the Board and each of the Named Executive Officers the right to use Seaboard’s airplane for personal use. Ellen Bresky, Chairwoman of the Board, and Robert L. Steer, President, each have been allotted up to 20 hours of flight time per year for personal use. Each of the other Named Executive Officers has been allotted up to 10 hours of flight time per year for personal use.
For each recipient of this benefit, Seaboard will also pay the incidental fees and expenses incurred related to the flights, including ground transportation, as well as a “tax gross-up” of the estimated federal and state income taxes each will incur as a consequence of this benefit.