EXHIBIT 10.1
SUPPLEMENTAL RETIREMENT BENEFIT AGREEMENT
THIS SUPPLEMENTAL RETIREMENT BENEFIT AGREEMENT (“Agreement”) is made and entered into as of January 2, 2023, by and between Seaboard Corporation, a Delaware corporation (the “Company”), and Robert L. Steer, an individual (the “Executive” or “Participant”).
RECITALS:
WHEREAS, the Company has adopted the Seaboard Corporation 409A Executive Retirement Plan, amended and restated effective January 1, 2013 (the “Plan”); and
WHEREAS, Executive is a participant in the Plan, and the Company desires to provide for the payment of a supplemental retirement benefit based on the benefit payable to the Executive pursuant to the provisions of the Plan;
NOW, THEREFORE, for good and valuable consideration, the parties agree as follows:
IN WITNESS WHEREOF, this Agreement has been executed as of the day and year first above written.
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SEABOARD CORPORATION | |
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By: | /s/ David H. Rankin |
| David H. Rankin, Executive Vice President |
| and Chief Financial Officer |
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By: | /s/ Robert L. Steer |
| Robert L. Steer, Executive |
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