Tyson Foods 2014 Annual Report Download - page 211

Exhibit 10.57
FIRST AMENDMENT TO THE
TYSON FOODS, INC.
SUPPLEMENTAL EXECUTIVE RETIREMENT
AND LIFE INSURANCE PREMIUM PLAN
(AS AMENDED AND RESTATED AS OF NOVEMBER 14, 2014)
THIS FIRST AMENDMENT is made on this ____ day of _______________, 2014, by TYSON FOODS, INC., a
Delaware corporation (the “Company”).
W I T N E S S E T H :
WHEREAS, the Company maintains the Tyson Foods, Inc Supplemental Executive Retirement and Life Insurance
Premium Plan (the “Plan”)
originally effective as of March 12, 2004 and as most recently amended and restated as of
November 14, 2014;
WHEREAS, the Company desires to amend the Plan to modify prospectively the annuity forms of payment
opportunities available under the Plan; to modify prospectively the SERP benefit formula; to freeze the portion of the Plan
providing for life insurance premium payments; and to make other clarifying revisions as provided herein; and
WHEREAS, this First Amendment shall supersede the provisions of the Plan to the extent those provisions are
inconsistent with the provisions of this amendment.
NOW, THEREFORE, the Company does hereby amend the Plan, effective as of the various dates set forth below, as
follows:
1. By deleting, effective as of March 1, 2007, Section 2.21(b) in its entirety and by substituting therefor the
following:
(b) ‘ Inactive Participant ’
means a Participant who ceases to be an Active Participant, who has not
become a Retired Participant and who:
(1) had a Nonforfeitable right to his or her SERP retirement benefits before ceasing to be an
Active Participant;
(2) (i) continues to be a Contracted Officer of the Company or an Affiliate but who, as a result
of a change in status, ceases to be an Eligible Contracted Officer; or (ii) ceases to be a Contracted
Officer but returns to Eligible Contracted Officer under the criteria set forth in Section 3.5(b)(2); or
(3) has his or her Active Participant status terminated solely by reason of Section 2.21(a)(4).