تتضمن خيارات الأسهم غير المؤهلة

2009 جائزة طويلة الأجل للحوافز المالية جائزة جائزة خيار الأسهم هذه الشهادة تدل على المنحة التي قدمتها لك كابوت كوربوريشن (147Company148 أو 147Cabot148)، وفقا للشروط المنصوص عليها في هذه الخطة وخطة الحوافز طويلة الأجل لعام 2009 (بصيغتها المعدلة من وقت لآخر، و 1472009 Plan148)، من خيارات الأسهم لشراء عدد الأسهم من الأسهم المشتركة من كابوت المنصوص عليها في الجدول أدناه (هذه الخيارات الأسهم المشار إليها باسم 147Award148 الخاص بك). وفيما يلي وصف للمصطلحات الرئيسية لجوائزك. ما لم ينص صراحة على خلاف ذلك، فإن جميع المصطلحات المرسملة المستخدمة والتي لم يتم تعريفها هنا سيكون لها نفس المعنى كما هو وارد في خطة 2009. غير مؤهل الأسهم الخيار ممارسة السعر (لكل حصة) التواريخ التي سترات الخيار سترات ويصبح ممارسة العامة شروط الخيار الأسهم الخاصة بك. يمنحك خيار الأسهم حق شراء أسهم عادية من كابوت بسعر السهم للسهم الواحد، ورهنا بأحكام الاستحقاق المبينة أعلاه. ولا يقصد من خيار الأسهم هذا أن يشكل خيارا لحافز الحوافز بموجب المادة 422 من قانون الإيرادات الداخلية، بصيغته المعدلة. الصمود ومدة خيار الأسهم الخاصة بك. كما هو مبين في الجدول أعلاه، فإن جزء من الجائزة الخاصة بك سوف تستحق، وتصبح قابلة للممارسة، في الذكرى السنوية الأولى والثانية والثالثة من تاريخ المنحة. بعد أن ترتدي خيوط الأسهم الخاصة بك، ما لم يتم إنهاؤها أو إلغاؤها في وقت سابق، فإنه يمكن ممارستها بشكل عام، كليا أو جزئيا، في أي وقت قبل تاريخ انتهاء صلاحيتها. يحتوي خيار الأسهم على فترة مدتها عشر سنوات. وفيما يلي شرح الشروط التي يمكن بموجبها الجائزة الخاصة بك. قد تنطوي ممارسة خيار المخزون الخاص بك على بيع أسهم كابوت، وبناء على ذلك، قد تكون هناك قيود على متى يمكنك ممارسة خيار الأسهم الخاص بك بموجب سياسة Cabot146s بشأن المعاملات في الأوراق المالية، والتي يتم تقديم نسخة منها لك مع نشرة الإصدار ل خطة 2009. الظروف التي من شأنها أن تؤدي إلى إنهاء خيار المخزون الخاص بك قبل تاريخ انتهاء الصلاحية المقرر. إذا كان عملك مع كابوت ينتهي وأنت لا تزال تحتفظ خيارات الأسهم غير مفهرسة، فإن القواعد التالية تنطبق: سيتم إلغاء أي خيارات غير المستحق المعلقة مباشرة قبل توقف العمل الخاص بك (ما لم ينتهي عملك بسبب وفاتك أو العجز، أو لأن في غضون سنتين بعد تغيير في كابينة التحكم أو أي صاحب عمل خلف ينهي عملك غير سبب أو إنهاء عملك لسبب وجيه كما هو موضح بشكل كامل أدناه). وستظل أي خيارات أسهم مكتسبة قائمة مباشرة قبل وقف عملك، إلى الحد الذي يمارس فيه، قابلة للتنفيذ لمدة ثلاثة أشهر بعد تاريخ انتهاء خدمتك أو حتى تاريخ انتهاء الصلاحية المعلن، إذا كان ذلك في وقت سابق. إذا توقفت وظيفتك بسبب وفاتك أو عجزك، فإن أي خيارات أسهم غير مستحقة غير مسددة ستصبح قابلة للممارسة بالكامل عند إنهاء الخدمة، وستظل جميع خيارات الأسهم القائمة قابلة للتنفيذ لمدة ثلاث سنوات بعد تاريخ انتهاء عملك أو حتى تاريخ انتهاء الصلاحية المحدد، إذا كان في وقت سابق. إذا كانت الجائزة الخاصة بك لا تزال معلقة بعد تغيير في السيطرة (إما بسبب الافتراض أو الاستبدال أو غير ذلك على النحو المنصوص عليه في القسم 7 (أ) (ذ) (ط) من خطة 2009)، وخلال عامين بعد هذا التغيير في كابينة التحكم أو أي صاحب عمل خلف ينهي عملك بخلاف السبب أو إنهاء عملك لسبب وجيه، فإن أي خيارات الأسهم غير المكتسبة غير المسددة ستصبح قابلة للممارسة بالكامل عند إنهاء الخدمة، وستظل قابلة للتنفيذ لمدة ثلاثة أشهر بعد تاريخ انتهاء عملك أو حتى تاريخ انتهاء الصلاحية المعلن، إذا كان في وقت سابق. ممارسة الخيار الأسهم الخاصة بك. يجوز لك ممارسة الجائزة عن طريق تسليم وسيط الشركة المحدد لتدريبات الأسهم (أو إلى الشركة في حال لم يكن لدى الشركة وسيط معين للتمارين خيار الأسهم) إشعارا موقعا على ممارسة، في شكل المقدمة، مع الدفع من سعر الممارسة وأي ضرائب مستقطعة مستحقة عند ممارسة التمارين. إن تاريخ وسيط الشركة المعين) أو الشركة في حالة عدم وجود وسيط محدد لتدريبات خيارات األسهم (يتلقى إشعارك الخاص بالممارسة هو تاريخ التمرين. يمكنك أيضا اختيار ممارسة خيارات الأسهم الخاصة بك في ممارسة غير النقدي من خلال وسيط الشركة المحددة (أو وسيط الخاص بك إذا لم يكن لدى الشركة وسيط معين للتمارين خيار الأسهم). تتضمن ممارسة غير نقدية بيع أسهم كابوت في السوق، مع تطبيق العائدات على سعر ممارسة خيار الأسهم وأي ضرائب مستقطعة مستحقة. في معاملة ممارسة غير نقدية، سيتم اعتبار هذه العملية قد وقعت عندما يباع الوسيط من قبل الوسيط. دفع سعر التمرين. يمكنك دفع ثمن الأسهم التي تشتريها عند ممارسة خيار الأسهم بالطرق التالية: من خلال أي مجموعة من طرق الدفع المسموح بها أعلاه. لأغراض اتفاقية الجائزة هذه، فإن 147Cause148 تعني (1) فشلك المتعمد والمستمر في أداء مهامك المعينة بشكل معقول مع الشركة أو أي كيان آخر أو أي من الشركات التابعة لها (بخلاف أي فشل ناتج عن عجزك البدني أو العقلي) أو أي إخفاق فعلي أو مزعوم أو متوقع بعد إصدار إخطار بالإنهاء لسبب وجيه) بعد أن يتم تسليم طلب مكتوب لأداء جوهري لك من قبل الشركة والذي يطالب بالتحديد بتحديد الطريقة التي تعتقد الشركة أنك لم تقم بها بشكل جوهري واجباتك أو) 2 (انخراطك عمدا في السلوك الذي يضر بشكل مادي أو ضار ماديا بالشركة، سواء بشكل نقدي أو غير ذلك. ولأغراض هذا التعريف (1) لا يعتبر أي فعل أو عدم التصرف من جانبك 147 متوقفا (148) ما لم يتم القيام به أو تم حذفه من قبلك، وليس بحسن نية ودون اعتقاد معقول بأن أفعالك أو إغفالك كانت في (2) أخطاء النية الحسنة في الحكم لا تشكل سبب أو تؤخذ في الاعتبار عند تحديد ما إذا كان السبب موجودا. ألغراض هذه االتفاقية، 147 يعني السبب 148 يعني حدوث تغيير في السيطرة، دون الحصول على موافقتك الخطية المسبقة، من أي من األحداث أو الشروط التالية:) أ (تغيير وضعك أو عنوانك أو منصبك أو مسؤولياتك) بما في ذلك التقارير المسؤوليات) التي تمثل تغييرا سلبيا جوهريا عن وضعك أو عنوانك أو مركزك أو مسؤولياتك سارية المفعول قبل ذلك مباشرة بتنازلك عن أي واجبات أو مسؤوليات تتعارض بشكل جوهري مع حالتك أو ملكيتك أو مركزك أو مسؤولياتك أو إزالتك من أو عدم إعادة تعيينك أو إعادة انتخابك في أي من هذه المكاتب أو المناصب، باستثناء ما يتعلق بإنهاء عملك بسبب الإعاقة أو السبب أو الوفاة أو بسببك بخلاف سبب وجيه (ب) انخفاض في معدل الراتب الأساسي السنوي أو المكافأة النقدية السنوية، أو تخفيض مادي في إجمالي التعويضات الخاصة بك (ج) نقل المكاتب التي (25) ميلا من موقع هذا المكتب مباشرة قبل التغيير في السيطرة أو الشركة (146) التي تتطلب منك أن تكون مقرها في موقع أكثر من خمسة وعشرين (25) ميلا من مثل هذا المكتب باستثناء ما لم يكن قد تم تعيينه في السابق إلى موقع رئيسي باستثناء السفر المطلوب في أعمال الشركة إلى حد كبير بما يتفق مع التزامات سفر عملك في وقت التغيير في السيطرة (د) فشل من قبل الشركة أن تدفع لك أي جزء من راتبك الأساسي الحالي أو المكافأة النقدية السنوية أو أي تعويض آخر، أو أن تدفع لك أي جزء من قسط من التعويضات المؤجلة في إطار أي برنامج التعويض المؤجل للشركة التي شاركت فيها، في كل في غضون أربعة عشر (14) يوما من تاريخ استحقاق هذا التعويض ومستحق الدفع وفقا لشروط الاتفاقية أو الخطة المنطبقة أو القانون الساري أو (ه) أي اختزال مادي في استحقاقات التقاعد أو الرعاية الاجتماعية أو غيرها من المنافع المادية أو خطة التعويض المتاحة لك أو أي تغيير سلبي ماديا في الشروط التي تتوفر هذه الفوائد. ولكي يكون الإنهاء صحيحا، يجب عليك (أ) تقديم إشعار للشركة يحدد بالتفصيل معقول الشرط الذي يفضي إلى سبب وجيه في موعد أقصاه مائة وثمانون (180) يوما بعد وقوع الحادث من هذا الشرط) ب (تزويد الشركة بفترة ثالثين) 30 (يوما لمعالجة الحالة و) ج (إنهاء عملك لسبب وجيه في غضون ستين) 60 (يوما بعد انتهاء فترة الشركة) 14 (للتعويض في حال فشل الشركة) لعلاج هذه الحالة. ممارسة غير النقدية تنطوي على بيع كابوت الأسهم في السوق، وبالتالي، يجب أن تكتمل وفقا لسياسة Cabot146s على المعاملات في الأوراق المالية. يرجى مراجعة القيود المفروضة على التداول الواردة في السياسة قبل اتخاذ ترتيبات لممارسة غير النقدية. يرجى ملاحظة أن قيود التداول في سياسة Cabot146s بشأن المعاملات في الأوراق المالية لا تنطبق على المعاملات مع الشركة، مثل ممارسة خيار الأسهم مع الأموال الخاصة بك أو تسليم الأسهم في دفع ثمن ممارسة أو في تلبية أي (شريطة عدم قيامك ببيع األسهم المكتسبة أثناء امتالكك لمعلومات مادية غير معلنة أو، إذا كان ذلك ينطبق عليك، خالل فترة تعتيم الشركات. الآثار الضريبية لخيار الأسهم الخاصة بك. يتم وصف العواقب الضريبية لجوائزك في المعلومات الضريبية المرفقة بهذه الشهادة. إذا كنت موظفا في الولايات المتحدة سيتم خصم الضرائب المقتطعة من عائدات الصفقة ممارسة الخيار الخاص بك ما لم يتم اتخاذ ترتيبات الدفع الأخرى. إذا کنت موظفا من خارج الولایات المتحدة، سیتم الإبلاغ عن تفاصیل عملیة ممارسة الخیارات إلی مکتب الموارد البشریة المحلي الخاص بك، وقد یتم حجب الأموال عن کشوف المرتبات أو دفعھا من قبلك لتلبیة أي التزام حجب قد یکون لدیك. التأثير على حقوق حقوق العمل كمحمي. لا تمنحك هذه الجائزة أي حق في الاستمرار كعامل في الشركة أو أي من شركاتها التابعة أو الشركات التابعة لها ولا تؤثر بأي شكل من الأشكال على حق الشركة أو أي شركة تابعة أو تابعة للشركة في إنهاء عملك في أي زمن. علاوة على ذلك، ليس لديك حقوق كمساهم فيما يتعلق بالأسهم الخاضعة لهذا الخيار حتى الممارسة الصحيحة للخيار وإصدار الأسهم التي تم ممارسة الخيار من أجلها. أحكام خطة 2009. تخضع الشروط المحددة في هذه الشهادة لشروط خطة 2009، التي تم تقديم نسخة منها لك. كما مت اإدراج املعلومات املتعلقة بخطة عام 2009 يف نسرة ا لإسدار اخلاسة بخطة عام 2009، والتي مت اإسدار نسخة منها اأيسا. إن لجنة التعويضات التابعة لمجلس إدارة كابوت 146 تملك السلطة الحصرية لتفسير خطة 2009 وهذه الجائزة. وأي تفسير للجائزة من جانب اللجنة وأي قرار تتخذه بشأن الجائزة نهائي وملزم لجميع الأشخاص. إلى الحد الذي يوجد فيه تعارض بين شروط هذه الشهادة وخطة 2009 أو أي اتفاقية عمل بينك وبين كابوت أو أي من الشركات التابعة لها، فإن خطة 2009 تحكم. سياسة الاسترداد. وتخضع هذه الجائزة والأسهم المصدرة لك عند ممارسة أي جائزة للجائزة لشروط سياسة استرداد الشركة التي كانت سارية المفعول وقت إصدار هذه الجائزة. معلومة اضافية. إذا كان لديك أي أسئلة بخصوص خيار المخزون الخاص بك أو عملية التمرين، يرجى الاتصال بالموارد البشرية الخدمات المشتركة، 157 كونكورد الطريق، بيليريكا، ما 01821 الهاتف (978-671-4139) هر سرية الفاكس:. القانون الذي يحكم. تخضع هذه الشهادة وتفسر وفقا لقوانين كومنولث ماساتشوستس، وتحدد وفقا لقوانين كومنولث ماساتشوستس، دون إعمال أي اختيار للقانون أو تضارب في نص القانون أو حكم (سواء كان من كومنولث ماساتشوستس أو أي ولاية أخرى) من شأنه أن إلى تطبيق قوانين أي ولاية أخرى غير كومنولث ماساتشوستس. بالتوقيع أدناه، فإنك تقبل جائزتك بموجب الشروط المنصوص عليها هنا والمعلومات الضريبية ذات الصلة، وخطة 2009، ونشرة الإصدار لخطة 2009، وغيرها من المواد والوثائق المقدمة لك فيما يتعلق بالجائزة، وصراحة الموافقة على نقل بياناتك الشخصية واستخدامها من قبل الشركة أو مقدمي الخدمات في الشركة أو أطراف ثالثة أخرى لأغراض محددة من خطة 2009، حتى لو كان المستفيدون من البيانات موجودون في البلدان التي ليس لديها حماية للبيانات قوانين تعادل القوانين السارية في بلدكم. وبالإضافة إلى ذلك، فإنك تدرك أن هذه الجائزة تقديرية، وأن الأهلية للحصول على جائزة بموجب خطة عام 2009 قد أنشئت في الوقت الذي يتم فيه منح الجوائز. ولذلك، فإن تلقي هذه الجائزة لا يعني أنك مضمونة في المستقبل. يرجى التوقيع، تاريخ وعودة هذه الشهادة لشركة كابوت، الاهتمام:. قسم التعويضات عن طريق تسليم اليد أو البريد، إلى 157 كونكورد الطريق، بيليريكا، ما 01821 أو عن طريق الفاكس إلى هر سرية الفاكس:. وإثباتا لذلك، فإن الشركة قد تسببت في تنفيذ خيار الأسهم هذا من قبل الضابط المفوض لها حسب الأصول. كما أن هناك ضغوطا متزايدة على مخزون المصروفات ألف. كان هناك ضغط متزايد على خيارات المخزون في التقارير السنوية. ب. عدم رضا المستثمرين عن التعامل مع خيارات الأسهم كخيار مجاني. جيم - معيار المحاسبة المالية رقم 313 يرفع تكلفة استخدام خيارات الأسهم. د. خيارات الأسهم لا تدفع للأداء التنفيذي. الصعوبة: الصعوبة 12. (ص 484) A هو النقد أو جائزة الأسهم المكتسبة من خلال تحقيق أهداف محددة ويتم فرض ضريبة على الدخل العادي. A. خيار الأسهم غير المؤهل B. خطة الأسهم الوهمية C. خطة الأسهم المقيدة D. خطة تقاسم الأداء صعوبة: متوسطة 14-4 هذه المعاينة قد أعمق أقسام غير واضحة. الاشتراك لعرض النسخة الكاملة. الفصل 14 - تعويض المجموعات الخاصة 13. (ص 484) ألف هو نقد أو جائزة أسهم تحددها زيادة في سعر السهم في تاريخ مستقبلي محدد. أ. خطة الأسهم الوهمية ب. خطة تقاسم الأداء ج. تقدير الأسهم حق D. خيار الأسهم غير المؤهلين الصعوبة: متوسطة 14. (ص 484) تشمل خيارات الأسهم غير المؤهلين. أ - شراء الأسهم بسعر محدد لا يتوافق مع قانون الإيرادات الداخلية ب - نقد أو مخزون يحدده الارتفاع في سعر السهم في تاريخ مستقبلي محدد ج - نقد أو مخزون تحدده الزيادة في سعر السهم خلال أي وقت يتم اختياره في فترة الخيار د. منح الأسهم بسعر مخفض بشرط عدم بيعها قبل تاريخ محدد الصعوبة: متوسطة 15. (ص 484) عند منحها، أي مما يلي ليس له أي آثار ضريبية بالنسبة لخطط الأسهم ألف. فانتوم التنفيذية باء - خيارات الأسهم الحافزة جيم - حقوق تقدير الأسهم دال - خطط المشاركة في الأداء الصعوبة: الصعوبة 16 (ص 484) أي من الاستحقاقات التالية لا يرتبط بالأرباح ألف - التأمين على الحياة باء - الإعاقة التأمين (ج) قروض السيارات دال - المعاشات التقاعدية الصعوبة: متوسطة 14-5 17 (ص 484-485) أي مما يلي ليس من الشروط المتعلقة بالمنافع التي يمكن لأصحاب العمل تقديمها للمديرين التنفيذيين ألف - يجب أن يغطي 80 في المائة من الموظفين باء. يجب أن تكون محددة C. يجب أن يجتمع سبيسيف (د) يجب أن تكون قيمة استحقاقات الموظفين ذوي الأجور المنخفضة 90 في المائة على الأقل من تلك التي تدفع للموظفين ذوي الأجور العالية الصعوبة: متوسطة 18. (ص. 485) أي مما يلي هو مثال ل بيرك شعبية عرضت على المديرين التنفيذيين A. القروض في منخفضة أو لا فائدة B. مساحة مكتب في موقع عمل الشركة C. غرفة الطعام التنفيذية D. خدمات السكرتارية إضافية المكرسة لمسائل الشركة الصعوبة: متوسطة) 19. ص 485 (أي مما يلي هو األكثر شعبية لدى معظم الشركات) 91٪ (أ. الفحص البدني ب. إعداد ضريبة الدخل C. غرفة طعام تنفيذية D. سيارة الشركة الصعوبة: متوسطة 20 (ص 488) أداة مفيدة لتحديد القيمة الحقيقية لمجموعة كاملة من التعويضات التنفيذية. ج. هذه المقاصة تعمد عدم وضوح الأقسام. الاشتراك في عرض النسخة الكاملة. اتفاقية خيار الأسهم غير المؤهلين هذه الاتفاقية (147 اتفاقية 148)، اعتبارا من التاريخ المشار إليه في إشعار منحة تسليم طيه (147 إشعار من منحة 148)، ويتم إدخالها في من قبل شركة دين للأغذية، وشركة ديلاوير (147 شركة 148)، والفرد المذكور في إشعار منحة (147 أنت 148). وحيث أن لجنة التعويضات التابعة لمجلس إدارة الشركة (اللجنة 147) قد وافقت على منح منح الإغراء، وفقا للقاعدة 303A.08 من دليل شركة الأوراق المالية المدرجة في بورصة نيويورك، وتهدف هذه الجائزة إلى أن تكون حافزا ومن ثم، إلى الحد الذي يسمح به القانون المعمول به وإلى الحد الذي ال يتعارض مع هذه االتفاقية، فإن هذه المنحة يجب أن تفسر بالرجوع إلى أحكام وشروط خطة حوافز األسهم لشركة عميد األغذية لعام 2007) خطة 147 147 (، إن المصطلحات المرسملة المستخدمة وغير المحددة في هذه الاتفاقية تكون لها المعاني المنصوص عليها في الخطة) وحيث أنه، على الرغم مما سبق، يعترف الطرفان بهذه الجائزة لم يتم منحها بموجب الخطة وحيثما كان ذلك، بناء على موقفكم لدى الشركة وشركاتها التابعة، فإنكم قد استحوذتم وسوف تستمرون في الحصول، بسبب موقفكم، على معرفة كبيرة بالعمليات ممارسات الشركة وأينما كانت الشركة ترغب في التأكد من أنه، إلى حد وفترة خدمتكم وللفترة المعقولة بعد ذلك، قد تحافظ على سرية أسرارها التجارية ومعلومات الملكية، وحماية الشهرة وغيرها من المصالح التجارية المشروعة، كل منها يمكن أن يتعرض للخطر إذا كان أي عمل تنافسية لتأمين خدماتك وحيث أن الخيارات وغيرها من الجوائز المنصوص عليها في الخطة تهدف إلى الامتثال لمتطلبات القاعدة 16B-3 في إطار سوق الأوراق المالية قانون عام 1934، بصيغته المعدلة، وحيث أن اللجنة قد اختارت لك للمشاركة في الخطة ومنحت الخيار الموضح في هذه الاتفاقية وإشعار المنحة لك وحيثما، يرغب الطرفان في تقديم أدلة خطية على شروط وأحكام الخيار. الآن، وبناء على ذلك، وبالنظر إلى ما سبق، والاتفاقيات والاتفاقيات المتبادلة الواردة في هذه الوثيقة، وكحافز لك أن تستمر كعامل في الشركة (أو الشركات التابعة لها) وتعزيز نجاح أعمال الشركة و الشركات التابعة لها، يتفق الطرفان على ما يلي: 1. منح الخيار. تمنحك الشركة بموجب هذه الاتفاقية، وتقبلون بموجبها، اعتبارا من التاريخ المبين في إشعار المنحة (تاريخ منح المنحة 147)، وعلى الشروط ورهنا بالشروط والقيود والقيود المنصوص عليها في الخطة و في هذه الاتفاقية، خيار شراء كل أو أي جزء من عدد الأسهم المبينة في إشعار المنحة لسعر السهم المبين في إشعار المنحة (سعر ممارسة 147). يجب أن تقبل جائزة الخيار هذه بالطريقة التي تعينها الشركة في إشعار المنحة (القبول الإلكتروني مثلا) في موعد أقصاه 90 يوما من تاريخ المنحة، أو الإشعار الإلكتروني بهذه المنحة، أيهما يحدث لاحقا، أو ستكون هذه الجائزة جعلت باطلة وبدون تأثير. وبمجرد قبولها على النحو المبين أعلاه، ولكن رهنا بأحكام الأقسام 2 (ج) و 2 (د) و 4 و 7 من هذا القانون، فإن هذه الجائزة من الخيارات لا رجعة فيها. (أ) الاستحقاق المنتظم. وباستثناء ما هو منصوص عليه خلافا لذلك في الخطة أو في هذا القسم 2، يكون الخيار خاضعا فيما يتعلق بالأسهم الأساسية للمخزون في ثلاث (3) زيادات سنوية متساوية تبدأ في الذكرى السنوية الأولى لتاريخ المنح. (ب) تسريع الانتصاف. (1) ما لم تقرر اللجنة خلاف ذلك، أو باستثناء ما هو منصوص عليه في اتفاق بينك وبين صاحب العمل، إذا انتهت خدمتك بسبب الوفاة أو العجز أو التقاعد خلال فترة التقييد، فإن جميع الخيارات غير المؤهلة التي عقدتها في ذلك الوقت فسوف يتم اإمتام امللكية بالكامل يف تاريخ اإنهاء اخلدمة. ولأغراض هذه الاتفاقية، يتم تعريف 147 التقاعد 148 على أنه تقاعدك من العمل أو أي خدمة أخرى إلى الشركة أو أي شركة تابعة بعد الوصول إلى (1) سن الخامسة والخمسين (55)، طالما أنك قد أكملت أيضا على الأقل (10) سنوات من الخدمة المستمرة مباشرة قبل تقاعدك، أو (2) سن الخامسة والستين (65). ويعرف العجز (148) بأنه إعاقتك الدائمة والكاملة (بالمعنى المقصود في المادة 22 (ه) (3) من المدونة). (2) بالإضافة إلى أحكام الاستحقاق الواردة في الأقسام 2 (أ) و 2 (ب) (1) و 2 (ب) (2) أعلاه، ستستكمل خياراتك تلقائيا وعلى الفور بالكامل عند تغيير في التحكم. (ج) مصادرة الخيارات غير المكتسبة. ما لم تحدد اللجنة خلاف ذلك، أو ما عدا ما هو منصوص عليه في اتفاق بينك وبين صاحب العمل، إذا انتهت خدمتك لأي سبب آخر غير الوفاة أو العجز أو التقاعد خلال فترة التقييد، فإن أي خيارات غير مؤهلة ستحتفظ بها وستلغى ك من تاريخ إنهاء الخدمة. على الرغم من أي شيء يتعارض مع هذا القسم 2، فإن حقوقك فيما يتعلق بالخيارات غير المفهرسة يجب في جميع الأحوال أن يتم إلغاؤها وإلغائها فورا اعتبارا من تاريخ إنهاء الخدمة للسبب المحدد في القسم 4 أدناه. (د) السداد. يوافق المشارك ويوافق على أن اتفاقية الجائزة هذه تخضع لأي سياسات قد تعتمدها اللجنة من حين لآخر فيما يتعلق بسداد الشركة لأي منافع مستلمة بموجب هذه الاتفاقية، بما في ذلك 147 سياسة إضافية. 3. التمرين. من أجل ممارسة الخيار فيما يتعلق بأي جزء مكتسب، يجب عليك إخطار الشركة خطيا، إما بإرسال رسالة إلى سكرتير الشركة في مكتب الشركة الرئيسي أو عبر اإلنترنت من خالل إتريد) وسيط خطة الشركة (في إتريد. لا يتم تسليم الأسهم وفقا لأي ممارسة للخيار حتى دفع كامل سعر الممارسة وبالتالي يتم استلامها من قبل الشركة. في وقت ممارسة الرياضة، يجب أن تدفع للشركة سعر ممارسة (على النحو المبين في إشعار المنحة) عدد من الأسهم المكتسبة التي يتم ممارسة الخيار. ويمكن أن يتم السداد نقدا أو ما يعادلها، أو إذا سمحت اللجنة بذلك، (1) عن طريق تبادل أسهم الأسهم التي تملكها لمدة ستة أشهر على الأقل (أو لفترة أكبر أو أقل قد تحددها اللجنة من وقت لآخر الوقت) والتي ليست موضوع أي تعهد أو مصلحة ضمانية أخرى، (2) من خلال ترتيب مع وسيط معتمد من قبل الشركة حيث يتم دفع ثمن ممارسة مع عائدات بيع الأسهم أو (3) من قبل على أن تكون القيمة المجمعة لجميع النقد وما يعادله والقيمة السوقية العادلة لأية أسهم مقدمة إلى الشركة، يتم تقييمها اعتبارا من تاريخ هذه المناقصة، مساوية على الأقل لمثل سعر ممارسة هذا الجزء من الخيار. 4. انتهاء الخيار. وينتهي هذا الخيار، ولا يجوز ممارسته فيما يتعلق بأي جزء مكتسب لم يمارس عليه الخيار، وذلك في أول من يحدث: (أ) الذكرى العاشرة لتاريخ المنح (ب) تسعين (90) (يوما بعد التاريخ الفعلي ألي إنهاء خدمة للشركة أو أي شركة تابعة أو في تاريخ لاحق تحدده اللجنة ألي سبب آخر غير الوفاة أو التقاعد أو العجز أو إنهاء الخدمة) كما هو محدد أدناه () ج) اثني عشر (12) شهرا بعد إنهاء الخدمة إلى الشركة أو الشركة التابعة، إذا كان إنهاء الخدمة بسبب وفاتك أو عجزك أو (د) في وقت سابق من (1) الذكرى السنوية العاشرة لتاريخ المنحة، و (2) الذكرى السنوية الأولى لوفاتك، عن أي خيارات كنت تحمل على التقاعد الخاص بك. ويجوز عند وفاتك أن يمارس أي خيار مكتسب يمكن ممارسته في تاريخ الوفاة من قبل عقارك أو شخص يكتسب الحق في ممارسة هذا الخيار بالحق أو الوراثة أو بسبب وفاتك شريطة أن تكون هذه الممارسة في غضون أقصر من خيار الخيار المتبقي من الخيار واثني عشر شهرا بعد تاريخ وفاتك. بغض النظر عن أي شيء يتعارض مع ذلك في الخطة أو هذا الاتفاق، إذا تم إنهاء الخدمة الخاصة بك لسبب، ثم جميع الخيارات تنتهي وتلغى فورا عند إنهاء هذا، بغض النظر عما إذا كانت هذه الخيارات هي منتهية أو ممارسة. ويعرف السبب بأنه (1) الفشل المتعمد في القيام بواجباتك بشكل جوهري (2) سوء السلوك المتعمد أو الخطير الذي تسبب، أو يمكن أن يتوقع بشكل معقول أن ينتج عنه، إصابة مادية لرجال الأعمال أو سمعة صاحب العمل '3' إدانة ، أو الدخول في نداء مذنب أو نولو معترض على، جريمة تشكل جناية (4) خرق أي عهد مكتوب أو اتفاق مع صاحب العمل، أي سياسة مكتوبة المادية من صاحب العمل أو أي مدونة قواعد سلوك أرباب العمل في 2006 أو مدونة أخلاقيات أو ( 5) عدم التعاون مع صاحب العمل في أي تحقيق داخلي أو إجراءات إدارية أو تنظيمية أو قضائية. بالإضافة إلى ذلك، تعتبر الخدمة الخاصة بك قد أنهيت لسبب إذا، بعد انتهاء خدمتك (لسبب آخر غير السبب)، يتم اكتشاف الحقائق والظروف التي من شأنها أن تبرر إنهاء لسبب سيتم أيضا خياراتك المصادرة على الفور و ملغاة وفقا للقسم 7 عند خرقك للأحكام المنصوص عليها في القسم 7. 5. حجب الضرائب. يحق لصاحب العمل خصم جميع المبالغ المدفوعة لك نقدا (سواء بموجب الخطة أو غير ذلك) أي مبلغ يتطلبه القانون يحجب فيما يتعلق بأي تعويضات بموجب الخطة حسبما يكون ضروريا في رأي صاحب العمل من أجل الوفاء بأي متطلبات اقتطاع ضريبي مطبقة بموجب قوانين أي بلد أو ولاية أو مقاطعة أو مدينة أو ولاية قضائية أخرى، بما في ذلك على سبيل المثال لا الحصر ضرائب الدخل وضرائب أرباح رأس المال وضرائب التحويل واشتراكات الضمان الاجتماعي التي يقتضي القانون حجبها . وفي حالة دفع التعويضات في شكل أسهم، وفقا لتقديرات اللجنة 146، سيطلب منك إما أن تدفع لصاحب العمل مبلغ أي ضرائب يلزم حجبها فيما يتعلق بهذه الأسهم أو بدلا من ذلك، فإن صاحب العمل الحق في الاحتفاظ (أو قد تتاح لك الفرصة لانتخاب العطاء) عدد أسهم الأسهم التي تعادل قيمتها السوقية العادلة المبلغ المطلوب حجبه. 6 - نقل الخيار. ولا يمكن نقل الخيار إلا وفقا لأحكام الخطة. 7. التعهدات بعدم الكشف، التنافس أو التماس. (أ) تقر بأن (1) الشركة تعمل في برنامج مستمر للبحث والتطوير والإنتاج فيما يتعلق بأعمالها في جميع أنحاء الولايات المتحدة (ما سبق، جنبا إلى جنب مع أي أعمال أخرى تنخرط فيها الشركة من تاريخها إلى تاريخ انتهاء خدمتك مع الشركة وشركاتها التابعة باعتبارها 147 شركة أعمال 148) (2) عملك وموقعك مع الشركة وأحد الشركات التابعة لها قد سمح لك، وسوف تستمر في السماح لك، والوصول إلى الأسرار التجارية من (معلومات سرية عن أعمال الشركة) 3 (أعمال الشركة وطنية ودولية في نطاق) 4 (لن تكون الشركة قد وافقت على منحك هذه الجائزة ولكن للاتفاقيات والمواثيق الواردة في هذه االتفاقية و) 5 (االتفاقيات) كما أن التعهدات الواردة في هذه الاتفاقية ضرورية وضرورية لحماية الأعمال التجارية والشهرة والعلاقات مع العملاء التي تنفقها الشركة وشركاتها التابعة موارد كبيرة لتطوير. توافق الشركة وتقر بأنه في تاريخ هذا التاريخ أو بعده سوف يقدم لك واحدا أو أكثر مما يلي: (أ) الإذن بالوصول إلى المعلومات السرية من خلال كلمة مرور جديدة للكمبيوتر أو بوسائل أخرى، (ب) الإذن بتمثيل الشركة في االتصاالت مع العمالء واألطراف الثالثة األخرى لتعزيز الشهرة التجارية لألعمال وفقا لسياسات الشركة المعمول بها بشكل عام و) ج (الوصول للمشاركة في بعض الاجتماعات أو المؤتمرات أو التدريبات المتعلقة بالوصول إلى الشركة. إنك تفهم وتوافق على أنه في حالة استخدام المعلومات السرية في منافسة ضد الشركة، فإن الشركة سوف تتعرض لأذى خطير وسيكون للمنافس ميزة فريدة ضد الشركة. (ب) لأغراض هذا الاتفاق، تعني 147 المعلومات السرية 148 جميع سجلات الأعمال التجارية والأسرار التجارية والدراية الفنية وقوائم العملاء أو التجميعات وشروط اتفاقات العملاء ومصادر الإمداد والتسعير أو معلومات التكلفة أو المعلومات المالية أو بيانات الموظفين وغيرها من المعلومات السرية أو المملوكة التي تم الحصول عليها من قبلك أثناء سير عملك مع الشركة أو أي شركة تابعة شريطة ألا يتضمن المصطلح 147 معلومات سرية 148 المعلومات التي (1) تصبح متاحة للجمهور بخلاف نتيجة الإفصاح بموجب هذه الاتفاقية أو أي التزام قانوني أو تعاقدي أو ائتماني آخر قد تكون مدين لك للشركة أو أي شركة تابعة لها، أو (2) معروف على نطاق واسع في واحدة أو أكثر من الصناعات التي تكون فيها الشركة أو أي شركة تابعة أو يمكنك أن تثبت أنها كانت معروفة لك قبل أن تصبح موظفا في الشركة أو أي شركة تابعة، أو (3) أصبحت أو أصبحت متاحة t o على أساس غير سري من مصدر (بخلاف الشركة أو أي شركة تابعة، بما في ذلك أي موظف منها) لا يحظر عليه الإفصاح عن هذه المعلومات من خلال التزام قانوني أو تعاقدي أو ائتماني تجاه الشركة أو أي شركة تابعة. أنت توافق على عدم الانخراط في الاستخدام غير المصرح به أو الإفصاح عن المعلومات السرية، وتوافق على أنه عند إنهاء العمل الخاص بك (أو في وقت سابق إذا طلب ذلك) سوف تحافظ على والعودة إلى الشركة أي وجميع السجلات التي في حوزتك أو السيطرة، ملموسة وغير ملموسة ، التي تحتوي على أي معلومات سرية. كما توافق على عدم االحتفاظ بأي نسخ من هذه السجالت أو االحتفاظ بها دون الحصول على إذن مكتوب من مسؤول معتمد من الشركة يغطي البند المحدد المحتفظ به. (ج) ملحق لما تقدم، وهذه الجائزة، فإنك توافق على أنه خلال فترة عملك مع الشركة أو أي شركة تابعة ولمدة سنتين بعد ذلك (147 فترة مقيدة 148)، لن تقوم، بشكل مباشر أو غير مباشر، individually or on behalf of any person or entity other than the Company or any of its Subsidiaries: (i) Provide Competing Services (as defined below) to any company or business (other than the Company or any Subsidiary) engaged primarily in the manufacture, distribution, sale or marketing of any of the Relevant Products (as defined below) in the Relevant Market Area (as defined below) (ii) Approach, consult, solicit business from, or contact or otherwise communicate, directly or indirectly, in any way with any Customer (as defined below) in an attempt to (1) divert business from, or interfere with any business relationship of the Company or any of its Subsidiaries, or (2) convince any Customer to change or alter any of such Customer146s ex isting or prospective contractual terms and conditions with the Company or any Subsidiary or (iii) Solicit, induce, recruit or encourage, either directly or indirectly, any employee of the Company or any Subsidiary to leave his or her employment with the Company or any Subsidiary or employ or offer to employ any employee of the Company or any Subsidiary. For the purposes of this section, an employee of the Company or any Subsidiary shall be deemed to be an employee of the Company or any Subsidiary while employed by the Company and for a period of sixty (60) days thereafter. (d) For purposes of this Agreement, the following terms shall have the meanings indicated: (i) to provide 147 Competing Services 148 means to provide, manage, supervise, or consult about (whether as an employee, owner, partner, stockholder, investor, joint venturer, lender, director, manager, officer, employee, consultant, independent contractor, representative or agent, or otherwise) any services that are similar in purpose or function to services you provided to the Company in the two year period preceding the termination of your employment, that might involve the use or disclosure of Confidential Information, or that would involve business opportunities related to Relevant Products. (ii) 147 Customer 148 means any and all persons or entities who purchased any Relevant Product from the Company or any Subsidiary during the term of your employment with the Company or any Subsidiary and as to whom, within the course of the last two (2) years of your employment with the Company or any Subsidiary, (a) you or someone under your supervision had contact andor (b) you received or had access to Confidential Information. (iii) 147 Relevant Product(s) 148 means (i) milk or milk-based beverages, (ii) creams, (iii) dairy or other non-dairy coffee creamers or other coffee whiteners, (iv) ice cream or ice cream novelties, (v) ice cream mix, (vi) cultured dairy products, (vii) soy milk or any other soy-based beverage or cultured soy product, (viii) organic dairy products (including milk, cream and cultured dairy products) or organic juice, andor (ix) any other product not listed above that was developed or sold by the Company or a Subsidiary in the course of the last two years of your employment with the Company or any Subsidiary. (iv) 147 Relevant Market Area 148 means the counties (or county equivalents) in the United States where the Company does business that you assist in providing services to andor receive Confidential Information about in the two year period preceding the termination of your employment so long as the Company continues to do business in that geographic market area during the Restricted Period. (e) Notwithstanding the foregoing, (1) the restrictions of subsection 7(a) above shall not prohibit your employment with a non-competing, independently operated subsidiary, division, or unit of a diversified company (even if other separately operated portions of the diversified company are involved in Relevant Products) if in advance of your providing any services, you and the diversified company that is going to employ you both provide the Company with written assurances that are satisfactory to the Company establishing that (a) the entity, subsidiary, division, or unit of the diversified business that you are going to be employed in is not involved in Relevant Products or preparing to become involved in Relevant Products, and (b) your position will not involve Competing Services of any kind, and (2) you are not prohibited from owning, either of record or beneficially, not more than five percent (5) of the shares or other equity of any publicly traded company. Your obligation under this Section 7 shall survive the vesting or forfeiture of your Options andor the exercise of the Options. (f) Any breach of any provision of this Section 7 will result in immediate and complete forfeiture of your unvested and vested but unexercised Options. In addition, you hereby agree that if you violate any provision of this Section 7, the Company will be entitled to injunctive relief, specific performance, or such other legal and equitable relief as is needed to prevent or enjoin any violation of the provisions of this Agreement in addition to and not to the exclusion of any other remedy that may be allowed by law for damages experienced prior to the issuance of injunctive relief. You also agree that, if you are found to have breached any of the time-limited covenants in this Section 7, the time period during which you are subject to such covenant shall be extended by one day for each day you are found to have violated such restriction, up to a maximum of two years. (g) You acknowledge that you have given careful consideration to the restraints imposed by this Agreement, and you fully agree that they are necessary for the reasonable and proper protection of the business of the Company and its Subsidiaries. The restrictions set forth herein shall be construed as a series of separate and severable covenants. You agree that each and every restraint imposed by this Agreement is reasonable with respect to subject matter, time period, and geographical area. Except as expressly set forth herein, the restraints imposed by this Agreement shall continue during their full time periods and throughout the Relevant Market Area set forth in this Agreement. (h) You stipulate and agree that one of the purposes of this Agreement is to fully resolve and bring finality to any concerns over the enforceability of the Restrictive Covenants. You also stipulate and agree that (a) the enforceability of the Restrictive Covenants and (b) the Company146s agreement herein to provide you with the Options are mutually dependent clauses and obligations without which this Agreement would not be made by the parties. Accordingly, you agree not to sue otherwise pursue a legal claim to set aside or avoid enforcement of the Restrictive Covenants. And, in the event that you or any other party pursues a legal challenge to the enforceability of any material provision of the restrictions in Section 7 of this Agreement and a material provision is found unenforceable by a court of law or other legally binding authority such that you are no longer bound by a material provision of Section 7, then (1) your unvested and vested but unexercised Options shall be forfeited and (2) you hereby agree that you will return to the Company any shares that you received upon exercise of any Options (147Shares148), or, if you no longer own the Shares, an amount in cash equal to the fair market value of any such Shares on the date they were issued to you (less any taxes paid by you). The foregoing is not intended as a liquidated damage remedy but is instead a return-of-gains and contractual recission remedy due to the mutual dependent nature of the subject provisions in the Agreement. (i) If any of the Restrictive Covenants are deemed unenforceable as written, you and the Company expressly authorize the court to revise, delete, or add to the restrictions contained in this Section 7 to the extent necessary to enforce the intent of the parties and to provide the goodwill, Confidential Information, and other business interests of the Company and its Subsidiaries with effective protection. And, in the event that such reformation of the restriction is acceptable to the Company, then the forfeiture and rescission (return of gain) remedies provided for in subsection 7(h) above shall not apply. (j) The provisions of this Section 7 are not intended to override, supercede, reduce, modify or affect in any manner any other non-competition or non-solicitation agreement between you and the Company or any Subsidiary, and instead are intended to supplement any such agreements. 8. Certain Legal Restrictions . The Plan, the granting and exercising of this Option, and any obligations of the Company under the Plan, shall be subject to all applicable federal, state and foreign country laws, rules and regulations, and to such approvals by any regulatory or governmental agency as may be required, and to any rules or regulations of any exchange on which the Stock is listed. The Company, in its discretion, may postpone the granting and exercising of this Option, the issuance or delivery of Stock under this Option or any other action permitted under the Plan to permit the Company, with reasonable diligence, to complete such stock exchange listing or registration or qualification of such Stock or other required action under any federal, state or foreign country law, rule or regulation and may require you to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of Stock in compliance with applicable laws, rules and regulations. The Company shall not be obligated by virtue of any provision of the Plan to recognize the exercise of this Option or to otherwise sell or issue Stock in violation of any such laws, rules or regulations, and any postponement of the exercise or settlement of this Option under this provision shall not extend the term of the Option. Neither the Company nor its directors or officers shall have any obligation or liability to you with respect to any Option (or Stock issuable thereunder) that shall lapse because of such postponement. 9. Plan Incorporated . You accept this Option subject to all the provisions of the Plan, which are incorporated into this Agreement, including the provisions that authorize the Committee to administer and interpret the Plan and which provide that the Committee146s decisions, determinations and interpretations with respect to the Plan are final and conclusive on all persons affected thereby. Except as otherwise set forth in this Agreement, terms defined in the Plan have the same meanings herein. 10. Assignment of Intellectual Property Rights . In consideration of the granting of the Option, you hereby agree that all right, title and interest to any and all products, improvements or processes (147 Intellectual Property 148) whatsoever, discovered, invented or conceived during the course of your employment with the Company or any of its Subsidiaries, relating to the subject matter of the business of the Company or any of its Subsidiaries or which may be directly or indirectly utilized in connection therewith, are vested in the Company, and you hereby forever waive any and all interest you may have in such Intellectual Property and agree to assign such Intellectual Property to the Company. In addition, all writings produced in the course of work or employment for the Company or any Subsidiary are works produced for hire and the property of the Company and its Subsidiaries, including any copyrights for those writings. (a) No ISO Treatment . The Option is intended to be a non-qualified stock option under applicable tax laws, and it is not to be characterized or treated as an incentive stock option under such laws. (b) No Guaranteed Employment . The granting of the Option shall impose no obligation upon you to exercise the Option or any part thereof. Nothing contained in this Agreement shall affect the right of the Company or Employer to terminate you at any time, with or without cause, or shall be deemed to create any rights to your employment. The rights and obligations arising under this Agreement are not intended to and do not affect your employment relationship that otherwise exists between you and the Company or Employer, whether such employment relationship is at will or defined by an employment contract. Moreover, this Agreement is not intended to and does not amend any existing employment contract between you and the Company or Employer to the extent there is a conflict between this Agreement and such an employment contract, the employment contract shall govern and take priority. (c) No Stockholder Rights . Neither you nor any person claiming under or through you shall be or shall have any of the rights or privileges of a stockholder of the Company in respect of any of the shares issuable upon the exercise of the Option herein unless and until certificates representing such shares shall have been issued and delivered to you or your agent. (d) Notices . Any notice to be given to the Company under the terms of this Agreement or any delivery of the Option to the Company shall be addressed to the Company at its principal executive offices, and any notice to be given to you shall be addressed to you at the address set forth on the attached Notice of Grant, or at such other address for a party as such party may hereafter designate in writing to the other. Any such notice shall be deemed to have been duly given if mailed, postage prepaid, addressed as aforesaid. (e) Binding Agreement . Subject to the limitations in this Agreement and the Plan on the transferability by you of the Option and any shares of Stock, this Agreement shall be binding upon and inure to the benefit of your representatives, executors, successors or beneficiaries. (f) Governing Law . The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of Delaware and the United States, as applicable, without reference to the conflict of laws provisions thereof. (g) Severability . Except as otherwise expressly provided for herein in Section 7 above, if any provision of this Agreement is declared or found to be illegal, unenforceable or void, in whole or in part, then the parties shall be relieved of all obligations arising under such provision, but only to the extent that it is illegal, unenforceable or void, it being the intent and agreement of the parties that this Agreement shall be deemed amended by modifying such provision to the extent necessary to make it legal and enforceable while preserving its intent or, if that is not possible, by substituting therefor another provision that is legal and enforceable and achieves the same objectives. (h) Interpretation . All section titles and captions in this Agreement are for convenience only, shall not be deemed part of this Agreement, and in no way shall define, limit, extend or describe the scope or intent of any provisions of this Agreement. (i) Entire Agreement . Except as otherwise provided for in Section 7 above, this Agreement constitutes the entire agreement among the parties hereto pertaining to the subject matter hereof and supersedes all prior agreements and understandings pertaining thereto. (j) No Waiver . No failure by any party to insist upon the strict performance of any covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute waiver of any such breach or any other covenant, duty, agreement or condition. (k) Counterparts . This Agreement may be executed in counterparts, all of which together shall constitute one agreement binding on all the parties hereto, notwithstanding that all such parties are not signatories to the original or the same counterpart. (l) Relief . In addition to all other rights or remedies available at law or in equity, the Company shall be entitled to injunctive and other equitable relief to prevent or enjoin any violation of the provisions of this Agreement. END OF AGREEMENT 2011 NON-QUALIFIED STOCK OPTION AGREEMENT THIS AGREEMENT (the 147 Agreement 148), effective as of the date indicated on the Notice of Grant delivered herewith (the 147 Notice of Grant 148), is made and entered into by and between Dean Foods Company, a Delaware corporation (the 147 Company 148), and the individual named on the Notice of Grant (147 you 148). WHEREAS, the Board of Directors of the Company has adopted and approved the Dean Foods Company 2007 Stock Incentive Plan (the 147 Plan 148), which was approved as required by the Company146s stockholders and provides for the grant of non-qualified stock options (147 Options 148) and other forms of stock-based compensation to certain Employees and non-employee Directors of the Company and its Subsidiaries (Capitalized terms used and not otherwise defined in this Agreement shall have the meanings set forth in the Plan) and WHEREAS, during your employment, and based upon your position with the Company andor its Subsidiaries, you have acquired and will continue to acquire, by reason of your position, substantial knowledge of the operations and practices of the business of the Company and WHEREAS, the Company desires to assure that, to the extent and for the period of your service and for a reasonable period thereafter, it may maintain the confidentiality of its trade secrets and proprietar y information, and protect goodwill and other legitimate business interests, each of which could be compromised if any competitive business were to secure your services and WHEREAS, the Options and other Awards provided for under the Plan are intended to comply with the requirements of Rule 16b-3 under the Securities Exchange Act of 1934, as amended and WHEREAS, the Committee has selected you to participate in the Plan and has awarded the Option described in this Agreement and Notice of Grant to you and WHEREAS, the parties hereto desire to evidence in writing the terms and conditions of the Option. NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements herein contained, and as an inducement to you to continue as an employee of the Company (or its Subsidiaries) and to promote the success of the business of the Company and its Subsidiaries, the parties hereby agree as follows: 1. Grant of Option . The Company hereby grants to you and you hereby accept, effective as of the date shown on the Notice of Grant (the 147 Date of Grant 148), and on the terms and subject to the conditions, limitations and restrictions set forth in the Plan and in this Agreement, an Option to purchase all or any portion of the number of shares shown on the Notice of Grant for the per share price shown on the Notice of Grant (the 147 Exercise Price 148). You must accept this Option Award in the manner designated by the Company in the Notice of Grant (e. g. electronic acceptance) not later than 90 days after the Date of Grant, or electronic notification of such Grant, whichever occurs later, or this Award will be rendered void and without effect. Once accepted as provided above, but subject to the provisions of Sections 2(c), 2(d), 4 and 7 hereof, this Award of Options is irrevocable and is intended to conform in all respects with the Plan. (a) Regular Vesting. Except as otherwise provided in the Plan or in this Section 2, the Option shall vest ratably with respect to the underlying shares of Stock in three (3) equal annual increments commencing on the first anniversary of the Date of Grant. (b) Accelerated Vesting . (1) Unless otherwise determined by the Committee, or except as provided in an agreement between you and your Employer, if your Service terminates by reason of Death, Disability or Retirement during the Restriction Period, all unvested Options you held at the time of such termination will vest in full at the date of such termination. For purposes of this Agreement, 147 Retirement 148 shall be defined as your retirement from employment or other service to the Company or any Subsidiary after you reach (i) age fifty-five (55), so long as you shall also have completed at least ten (10) years of continuous service immediately prior to your retirement, or (ii) age sixty-five (65). 147 Disability 148 shall be defined as your permanent and total disability (within the meaning of Section 22(e)(3) of the Code). (2) In addition to the vesting provisions contained in Sections 2(a), 2(b)(1) and 2(b)(2) above, your Options will automatically and immediately vest in full upon a Change in Control. (c) Forfeiture of Unvested Options. Unless otherwise determined by the Committee, or except as provided in an agreement between you and your Employer, if your Service terminates for any reason other than Death, Disability or Retirement during the Restriction period, any unvested Options you held will be forfeited and canceled as of the date of such termination of Service. Notwithstanding anything to the contrary in this Section 2, your rights with respect to unexercised Options shall in all events be immediately forfeited and cancelled as of the date of your termination of Service for Cause as defined in Section 4 below. (d) Repayment . Participant agrees and acknowledges that this Award Agreement is subject to any policies that the Committee may adopt from time to time with respect to the repayment to the Company of any benefit received hereunder, including 147clawback148 policies. 3. Exercise . In order to exercise the Option with respect to any vested portion, you must notify the Company in writing, either sent to the Corporate Secretary146s attention at the Company146s principal office or via the internet through ETrade (the Company146s plan broker) at etrade . No Stock shall be delivered pursuant to any exercise of an Option until payment in full of the exercise price therefore is received by the Company. At the time of exercise, you must pay to the Company the exercise price (as set forth on the Notice of Grant) times the number of vested shares for which the Option is being exercised. Such payment may be made in cash or its equivalent or, if permitted by the Committee, (i) by exchanging shares of Stock you have owned for at least six months (or for such greater or lesser period as the Committee may determine from time to time) and which are not the subject of any pledge or other security interest, (ii) through an arrangement with a broker approved by the Company whereby payment of the exercise price is accomplished with the proceeds of the sale of Stock or (iii) by a combination of the foregoing, provided that the combined value of all cash and cash equivalents and the fair market value of any Stock tendered to the Company, valued as of the date of such tender, is at least equal to such exercise price of the portion of the Option being exercised. 4. Expiration of Option . The Option shall expire, and shall not be exercisable with respect to any vested portion as to which the Option has not been exercised, on the first to occur of: (a) the tenth anniversary of the Date of Grant (b) Ninety (90) days after the effective date of any termination of Service to the Company or any Subsidiary or at such later date as may be determined by the Committee for any reason other than death, Retirement or Disability, or termination for Cause (as defined below) (c) Twelve (12) months following your termination of Service to the Company or a Subsidiary, if such termination of Service is due to your death or Disability or (d) the earlier of (i) the tenth anniversary of the Date of Grant, and (ii) the first anniversary of your death, for any Options you hold upon your Retirement. Upon your death, any vested Option exercisable on the date of death may be exercised by your estate or by a person who acquires the right to exercise such Option by bequest or inheritance or by reason of your death, provided that such exercise occurs within the shorter of the remaining option term of the Option and twelve months after the date of your death. Notwithstanding anything to the contrary in the Plan or this Agreement, if your Service is terminated for Cause, then all Options shall terminate and be canceled immediately upon such termination, regardless of whether such Options are vested or exercisable. Cause is defined as your (i) willful failure to perform substantially your duties (ii) willful or serious misconduct that has caused, or could reasonably be expected to result in, material injury to the business or reputation of an Employer (iii) conviction of, or entering a plea of guilty or nolo contendere to, a crime constituting a felony (iv) breach of any written covenant or agreement with an Employer, any material written policy of your Employer or any Employer146s code of conduct or code of ethics or (v) failure to cooperate with an Employer in any internal investigation or administrative, regulatory or judicial proceeding. In addition, your Service shall be deemed to have terminated for Cause if, after your Service has terminated (for a reason other than Cause), facts and circumstances are discovered that would have justified a termination for Cause. Your Options will also be immediately forfeited and cancelled in accordance with Section 7 upon your breach of the provisions set forth in Section 7. 5. Tax Withholding . The Employer shall have the right to deduct from all amounts paid to you in cash (whether under the Plan or otherwise) any amount required by law to be withheld in respect of any awards under the Plan as may be necessary in the opinion of the Employer to satisfy any applicable tax withholding requirements under the laws of any country, state, province, city or other jurisdiction, including but not limited to income taxes, capital gains taxes, transfer taxes, and social security contributions that are required by law to be withheld. In the case of payments of awards in the form of Stock, at the Committee146s discretion, you will be required to either pay to the Employer the amount of any taxes required to be withheld with respect to such Stock or, in lieu thereof, the Employer shall have the right to retain (or you may be offered the opportunity to elect to tender) the number of shares of Stock whose fair market value equals such amount required to be withheld. 6. Transfer of Option . The Option is not transferable except in accordance with the provisions of the Plan. 7. Covenants Not to Disclose, Compete or Solicit . (a) You acknowledge that (i) the Company is engaged in a continuous program of research, development and production respecting its business throughout the United States (the foregoing, together with any other businesses in which the Company engages from the date hereof to the date of the termination of your employment with the Company and its Subsidiaries as the 147Company Business148) (ii) your work for and position with the Company andor one of its Subsidiaries has allowed you, and will continue to allow you, access to trade secrets of, and Confidential Information concerning the Company Business (iii) the Company Business is national and international in scope (iv) the Company would not have agreed to grant you this Award but for the agreements and covenants contained in this Agreement and (v) the agreements and covenants contained in this Agreement are necessary and essential to protect the business, goodwill, and customer relationships that Company and its Subsidiaries have expend ed significant resources to develop. The Company agrees and acknowledges that, on or following the date hereof, it will provide you with one or more of the following: (a) authorization to access Confidential Information through a new computer password or by other means, (b) authorization to represent the Company in communications with customers and other third parties to promote the goodwill of the business in accordance with generally applicable Company policies and (c) access to participate in certain restricted access meetings, conferences or training relating to your position with the Company. You understand and agree that if Confidential Information were used in competition against the Company, the Company would experience serious harm and the competitor would have a unique advantage against the Company. (b) For purposes of this Agreement, 147 Confidential Information 148 shall mean all business records, trade secrets, know-how, customer lists or compilations, terms of customer agreements, sources of supply, pricing or cost information, financial information or personnel data and other confidential or proprietary information used andor obtained by you in the course of your employment with the Company or any Subsidiary provided that the term 147Confidential Information148 will not include information which (i) is or becomes publicly available other than as a result of a disclosure by you which is prohibited by this agreement or by any other legal, contractual or fiduciary obligation that you may owe to the Company or any Subsidiary, or (ii) is widely known within one or more of the industries in which the Company or any Subsidiary operates, or you can demonstrate was otherwise known to you prior to becoming an employee of the Company or any Subsidiary, or (iii) is or becomes available t o you on a non-confidential basis from a source (other than the Company or any Subsidiary, including any employee thereof) that is not prohibited from disclosing such information to you by a legal, contractual or fiduciary obligation to the Company or any Subsidiary. You agree not to engage in unauthorized use or disclosure of Confidential Information, and agree that upon termination of your employment (or earlier if so requested) you will preserve and return to the Company any and all records in your possession or control, tangible and intangible, containing any Confidential Information. You further agree not to keep or retain any copies of such records without written authorization from a duly authorized officer of the Company covering the specific item retained. (c) Ancillary to the foregoing and this Award, you hereby agree that, during the term of your employment with the Company or any Subsidiary and for a period of two years thereafter (the 147Restricted Period148), you will not, directly or indirectly, individually or on behalf of any person or entity other than the Company or any of its Subsidiaries: (i) Provide Competing Services (as defined below) to any company or business (other than the Company or any Subsidiary) engaged primarily in the manufacture, distribution, sale or marketing of any of the Relevant Products (as defined below) in the Relevant Market Area (as defined below) (ii) Approach, consult, solicit business from, or contact or otherwise communicate, directly or indirectly, in any way with any Customer (as defined below) in an attempt to (1) divert business from, or interfere with any business relationship of the Company or any of its Subsidiaries, or (2) convince any Customer to change or alter any of such Customer146s ex isting or prospective contractual terms and conditions with the Company or any Subsidiary or (iii) Solicit, induce, recruit or encourage, either directly or indirectly, any employee of the Company or any Subsidiary to leave his or her employment with the Company or any Subsidiary or employ or offer to employ any employee of the Company or any Subsidiary. For the purposes of this section, an employee of the Company or any Subsidiary shall be deemed to be an employee of the Company or any Subsidiary while employed by the Company and for a period of sixty (60) days thereafter. (d) For purposes of this Agreement, the following terms shall have the meanings indicated: (i) to provide 147 Competing Services 148 means to provide, manage, supervise, or consult about (whether as an employee, owner, partner, stockholder, investor, joint venturer, lender, director, manager, officer, employee, consultant, independent contractor, representative or agent, or otherwise) any services that are similar in purpose or function to services you provided to the Company in the two year period preceding the termination of your employment, that might involve the use or disclosure of Confidential Information, or that would involve business opportunities related to Relevant Products. (ii) 147 Customer 148 means any and all persons or entities who purchased any Relevant Product from the Company or any Subsidiary during the term of your employment with the Company or any Subsidiary and as to whom, within the course of the last two (2) years of your employment with the Company or any Subsidiary, (a) you or someone under your supervision had contact andor (b) you received or had access to Confidential Information. (iii) 147 Relevant Product(s) 148 means (i) milk or milk-based beverages, (ii) creams, (iii) dairy or other non-dairy coffee creamers or other coffee whiteners, (iv) ice cream or ice cream novelties, (v) ice cream mix, (vi) cultured dairy products, (vii) soy milk or any other soy-based beverage or cultured soy product, (viii) organic dairy products (including milk, cream and cultured dairy products) or organic juice, andor (ix) any other product not listed above that was developed or sold by the Company or a Subsidiary in the course of the last two years of your employment with the Company or any Subsidiary. (iv) 147Relevant Market Area148 means the counties (or county equivalents) in the United States where the Company does business that you assist in providing services to andor receive Confidential Information about in the two year period preceding the termination of your employment so long as the Company continues to do business in that geographic market area during the Restricted Period. (e) Notwithstanding the foregoing, (1) the restrictions of subsection 7(a) above shall not prohibit your employment with a non-competing, independently operated subsidiary, division, or unit of a diversified company (even if other separately operated portions of the diversified company are involved in Relevant Products) if in advance of your providing any services, you and the diversified company that is going to employ you both provide the Company with written assurances that are satisfactory to the Company establishing that (a) the entity, subsidiary, division, or unit of the diversified business that you are going to be employed in is not involved in Relevant Products or preparing to become involved in Relevant Products, and (b) your position will not involve Competing Services of any kind, and (2) you are not prohibited from owning, either of record or beneficially, not more than five percent (5) of the shares or other equity of any publicly traded company. Your obligation under this Section 7 shall survive the vesting or forfeiture of your Options andor the exercise of the Options. (f) Any breach of any provision of this Section 7 will result in immediate and complete forfeiture of your unvested and vested but unexercised Options. In addition, you hereby agree that if you violate any provision of this Section 7, the Company will be entitled to injunctive relief, specific performance, or such other legal and equitable relief as is needed to prevent or enjoin any violation of the provisions of this Agreement in addition to and not to the exclusion of any other remedy that may be allowed by law for damages experienced prior to the issuance of injunctive relief. You also agree that, if you are found to have breached any of the time-limited covenants in this Section 7, the time period during which you are subject to such covenant shall be extended by one day for each day you are found to have violated such restriction, up to a maximum of two years. (g) You acknowledge that you have given careful consideration to the restraints imposed by this Agreement, and you fully agree that they are necessary for the reasonable and proper protection of the business of the Company and its Subsidiaries. The restrictions set forth herein shall be construed as a series of separate and severable covenants. You agree that each and every restraint imposed by this Agreement is reasonable with respect to subject matter, time period, and geographical area. Except as expressly set forth herein, the restraints imposed by this Agreement shall continue during their full time periods and throughout the Relevant Market Area set forth in this Agreement. (h) You stipulate and agree that one of the purposes of this Agreement is to fully resolve and bring finality to any concerns over the enforceability of the Restrictive Covenants. You also stipulate and agree that (a) the enforceability of the Restrictive Covenants and (b) the Company146s agreement herein to provide you with the Options are mutually dependent clauses and obligations without which this Agreement would not be made by the parties. Accordingly, you agree not to sue otherwise pursue a legal claim to set aside or avoid enforcement of the Restrictive Covenants. And, in the event that you or any other party pursues a legal challenge to the enforceability of any material provision of the restrictions in Section 7 of this Agreement and a material provision is found unenforceable by a court of law or other legally binding authority such that you are no longer bound by a material provision of Section 7, then (1) your unvested and vested but unexercised Options shall be forfeited and (2) you hereby agree that you will return to the Company any shares that you received upon exercise of any Options (147Shares148), or, if you no longer own the Shares, an amount in cash equal to the fair market value of any such Shares on the date they were issued to you (less any taxes paid by you). The foregoing is not intended as a liquidated damage remedy but is instead a return-of-gains and contractual recission remedy due to the mutual dependent nature of the subject provisions in the Agreement. (i) If any of the Restrictive Covenants are deemed unenforceable as written, you and the Company expressly authorize the court to revise, delete, or add to the restrictions contained in this Section 7 to the extent necessary to enforce the intent of the parties and to provide the goodwill, Confidential Information, and other business interests of the Company and its Subsidiaries with effective protection. And, in the event that such reformation of the restriction is acceptable to the Company, then the forfeiture and rescission (return of gain) remedies provided for in subsection 7(h) above shall not apply. (j) The provisions of this Section 7 are not intended to override, supercede, reduce, modify or affect in any manner any other non-competition or non-solicitation agreement between you and the Company or any Subsidiary, and instead are intended to supplement any such agreements. 8. Certain Legal Restrictions . The Plan, the granting and exercising of this Option, and any obligations of the Company under the Plan, shall be subject to all applicable federal, state and foreign country laws, rules and regulations, and to such approvals by any regulatory or governmental agency as may be required, and to any rules or regulations of any exchange on which the Stock is listed. The Company, in its discretion, may postpone the granting and exercising of this Option, the issuance or delivery of Stock under this Option or any other action permitted under the Plan to permit the Company, with reasonable diligence, to complete such stock exchange listing or registration or qualification of such Stock or other required action under any federal, state or foreign country law, rule or regulation and may require you to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of Stock in compliance with applicable laws, rules and regulations. The Company shall not be obligated by virtue of any provision of the Plan to recognize the exercise of this Option or to otherwise sell or issue Stock in violation of any such laws, rules or regulations, and any postponement of the exercise or settlement of this Option under this provision shall not extend the term of the Option. Neither the Company nor its directors or officers shall have any obligation or liability to you with respect to any Option (or Stock issuable thereunder) that shall lapse because of such postponement. 9. Plan Incorporated . You accept this Option subject to all the provisions of the Plan, which are incorporated into this Agreement, including the provisions that authorize the Committee to administer and interpret the Plan and which provide that the Committee146s decisions, determinations and interpretations with respect to the Plan are final and conclusive on all persons affected thereby. Except as otherwise set forth in this Agreement, terms defined in the Plan have the same meanings herein. 10. Assignment of Intellectual Property Rights . In consideration of the granting of the Option, you hereby agree that all right, title and interest to any and all products, improvements or processes (147 Intellectual Property 148) whatsoever, discovered, invented or conceived during the course of your employment with the Company or any of its Subsidiaries, relating to the subject matter of the business of the Company or any of its Subsidiaries or which may be directly or indirectly utilized in connection therewith, are vested in the Company, and you hereby forever waive any and all interest you may have in such Intellectual Property and agree to assign such Intellectual Property to the Company. In addition, all writings produced in the course of work or employment for the Company or any Subsidiary are works produced for hire and the property of the Company and its Subsidiaries, including any copyrights for those writings. (a) No ISO Treatment . The Option is intended to be a non-qualified stock option under applicable tax laws, and it is not to be characterized or treated as an incentive stock option under such laws. (b) No Guaranteed Employment . The granting of the Option shall impose no obligation upon you to exercise the Option or any part thereof. Nothing contained in this Agreement shall affect the right of the Company or Employer to terminate you at any time, with or without cause, or shall be deemed to create any rights to your employment. The rights and obligations arising under this Agreement are not intended to and do not affect your employment relationship that otherwise exists between you and the Company or Employer, whether such employment relationship is at will or defined by an employment contract. Moreover, this Agreement is not intended to and does not amend any existing employment contract between you and the Company or Employer to the extent there is a conflict between this Agreement and such an employment contract, the employment contract shall govern and take priority. (c) No Stockholder Rights . Neither you nor any person claiming under or through you shall be or shall have any of the rights or privileges of a stockholder of the Company in respect of any of the shares issuable upon the exercise of the Option herein unless and until certificates representing such shares shall have been issued and delivered to you or your agent. (d) Notices . Any notice to be given to the Company under the terms of this Agreement or any delivery of the Option to the Company shall be addressed to the Company at its principal executive offices, and any notice to be given to you shall be addressed to you at the address set forth on the attached Notice of Grant, or at such other address for a party as such party may hereafter designate in writing to the other. Any such notice shall be deemed to have been duly given if mailed, postage prepaid, addressed as aforesaid. (e) Binding Agreement . Subject to the limitations in this Agreement and the Plan on the transferability by you of the Option and any shares of Stock, this Agreement shall be binding upon and inure to the benefit of your representatives, executors, successors or beneficiaries. (f) Governing Law . The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of Delaware and the United States, as applicable, without reference to the conflict of laws provisions thereof. (g) Severability . Except as otherwise expressly provided for herein in Section 7 above, if any provision of this Agreement is declared or found to be illegal, unenforceable or void, in whole or in part, then the parties shall be relieved of all obligations arising under such provision, but only to the extent that it is illegal, unenforceable or void, it being the intent and agreement of the parties that this Agreement shall be deemed amended by modifying such provision to the extent necessary to make it legal and enforceable while preserving its intent or, if that is not possible, by substituting therefor another provision that is legal and enforceable and achieves the same objectives. (h) Interpretation . All section titles and captions in this Agreement are for convenience only, shall not be deemed part of this Agreement, and in no way shall define, limit, extend or describe the scope or intent of any provisions of this Agreement. (i) Entire Agreement . Except as otherwise provided for in Section 7 above, this Agreement constitutes the entire agreement among the parties hereto pertaining to the subject matter hereof and supersedes all prior agreements and understandings pertaining thereto. (j) No Waiver . No failure by any party to insist upon the strict performance of any covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute waiver of any such breach or any other covenant, duty, agreement or condition. (k) Counterparts . This Agreement may be executed in counterparts, all of which together shall constitute one agreement binding on all the parties hereto, notwithstanding that all such parties are not signatories to the original or the same counterpart. (l) Relief . In addition to all other rights or remedies available at law or in equity, the Company shall be entitled to injunctive and other equitable relief to prevent or enjoin any violation of the provisions of this Agreement. END OF AGREEMENT NON-QUALIFIED STOCK OPTION AGREEMENT THIS AGREEMENT (the 147 Agreement 148), effective as of the date indicated on the Notice of Grant delivered herewith (the 147 Notice of Grant 148), is made and entered into by and between Dean Foods Company, a Delaware corporation (the 147 Company 148), and the individual named on the Notice of Grant (147 you 148). WHEREAS, the Compensation Committee of the Board of Directors of the Company (the 147Committee148) has approved the grant of inducement grants, pursuant to Rule 303A.08 of the New York Stock Exchange Listed Company Manual, and this Award is intended to be an inducement grant and WHEREAS, to the extent permitted by applicable law and to the extent not inconsistent with this Agreement, this grant shall be interpreted by reference to the terms and conditions of the Dean Foods Company 2007 Stock Incentive Plan (the 147 Plan 148), (Capitalized terms used and not otherwise defined in this Agreement shall have the meanings set forth in the Plan) and WHEREAS, notwithstanding the foregoing, the parties hereto acknowledge that this award has not been granted under the Plan and WHEREAS, the Options and other Awards provided for under the Plan are intended to comply with the requirements of Rule 16b-3 under the Securities Exchange Act of 1934, as amended and WHEREAS, the Committee has selected you to participate in the Plan and has awarded the Option described in this Agreement and Notice of Grant to you and WHEREAS, the parties hereto desire to evidence in writing the terms and conditions of the Option. NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements herein contained, and as an inducement to you to continue as an employee of the Company (or its Subsidiaries) and to promote the success of the business of the Company and its Subsidiaries, the parties hereby agree as follows: 1. Grant of Option . The Company hereby grants to you and you hereby accept, effective as of the date shown on the Notice of Grant (the 147 Date of Grant 148), and on the terms and subject to the conditions, limitations and restrictions set forth in the Plan and in this Agreement, an Option to purchase all or any portion of the number of shares shown on the Notice of Grant for the per share price shown on the Notice of Grant (the 147 Exercise Price 148). You must accept this Option Award in the manner designated by the Company in the Notice of Grant (e. g. electronic acceptance) not later than 90 days after the Date of Grant, or electronic notification of such Grant, whichever occurs later, or this Award will be rendered void and without effect. Once accepted as provided above, but subject to the provisions of Sections 2(c), 2(d) and 4 hereof, this Award of Options is irrevocable. (a) Regular Vesting. Except as otherwise provided in the Plan or in this Section 2, the Option shall vest ratably with respect to the underlying shares of Stock in three (3) equal annual increments commencing on the first anniversary of the Date of Grant. (b) Accelerated Vesting . (1) Unless otherwise determined by the Committee, or except as provided in an agreement between you and your Employer, if your Service terminates by reason of Death, Disability or Retirement during the Restriction Period, all unvested Options you held at the time of such termination will vest in full at the date of such termination. For purposes of this Agreement, 147 Retirement 148 shall be defined as your retirement from employment or other service to the Company or any Subsidiary after you reach (i) age fifty-five (55), so long as you shall also have completed at least ten (10) years of continuous service immediately prior to your retirement, or (ii) age sixty-five (65). 147 Disability 148 shall be defined as your permanent and total disability (within the meaning of Section 22(e)(3) of the Code). (2) In addition to the vesting provisions contained in Sections 2(a), 2(b)(1) and 2(b)(2) above, your Options will automatically and immediately vest in full upon a Change in Control. (c) Forfeiture of Unvested Options. Unless otherwise determined by the Committee, or except as provided in an agreement between you and your Employer, if your Service terminates for any reason other than Death, Disability or Retirement during the Restriction period, any unvested Options you held will be forfeited and canceled as of the date of such termination of Service. Notwithstanding anything to the contrary in this Section 2, your rights with respect to unexercised Options shall in all events be immediately forfeited and cancelled as of the date of your termination of Service for Cause as defined in Section 4 below. (d) Repayment . Participant agrees and acknowledges that this Award Agreement is subject to any policies that the Committee may adopt from time to time with respect to the repayment to the Company of any benefit received hereunder, including 147clawback148 policies. 3. Exercise . In order to exercise the Option with respect to any vested portion, you must notify the Company in writing, either sent to the Corporate Secretary146s attention at the Company146s principal office or via the internet through ETrade (the Company146s plan broker) at etrade . No Stock shall be delivered pursuant to any exercise of an Option until payment in full of the exercise price therefore is received by the Company. At the time of exercise, you must pay to the Company the exercise price (as set forth on the Notice of Grant) times the number of vested shares for which the Option is being exercised. Such payment may be made in cash or its equivalent or, if permitted by the Committee, (i) by exchanging shares of Stock you have owned for at least six months (or for such greater or lesser period as the Committee may determine from time to time) and which are not the subject of any pledge or other security interest, (ii) through an arrangement with a broker approved by the Company whereby payment of the exercise price is accomplished with the proceeds of the sale of Stock or (iii) by a combination of the foregoing, provided that the combined value of all cash and cash equivalents and the fair market value of any Stock tendered to the Company, valued as of the date of such tender, is at least equal to such exercise price of the portion of the Option being exercised. 4. Expiration of Option . The Option shall expire, and shall not be exercisable with respect to any vested portion as to which the Option has not been exercised, on the first to occur of: (a) the tenth anniversary of the Date of Grant (b) Ninety (90) days after the effective date of any termination of Service to the Company or any Subsidiary or at such later date as may be determined by the Committee for any reason other than death, Retirement or Disability, or termination for Cause (as defined below) (c) Twelve (12) months following your termination of Service to the Company or a Subsidiary, if such termination of Service is due to your death or Disability or (d) the earlier of (i) the tenth anniversary of the Date of Grant, and (ii) the first anniversary of your death, for any Options you hold upon your Retirement. Upon your death, any vested Option exercisable on the date of death may be exercised by your estate or by a person who acquires the right to exercise such Option by bequest or inheritance or by reason of your death, provided that such exercise occurs within the shorter of the remaining option term of the Option and twelve months after the date of your death. Notwithstanding anything to the contrary in the Plan or this Agreement, if your Service is terminated for Cause, then all Options shall terminate and be canceled immediately upon such termination, regardless of whether such Options are vested or exercisable. Cause is defined as your (i) willful failure to perform substantially your duties (ii) willful or serious misconduct that has caused, or could reasonably be expected to result in, material injury to the business or reputation of an Employer (iii) conviction of, or entering a plea of guilty or nolo contendere to, a crime constituting a felony (iv) breach of any written covenant or agreement with an Employer, any material written policy of your Employer or any Employer146s code of conduct or code of ethics or (v) failure to cooperate with an Employer in any internal investigation or administrative, regulatory or judicial proceeding. In addition, your Service shall be deemed to have terminated for Cause if, after your Service has terminated (for a reason other than Cause), facts and circumstances are discovered that would have justified a termination for Cause. 5. Tax Withholding . The Employer shall have the right to deduct from all amounts paid to you in cash (whether under the Plan or otherwise) any amount required by law to be withheld in respect of any awards under the Plan as may be necessary in the opinion of the Employer to satisfy any applicable tax withholding requirements under the laws of any country, state, province, city or other jurisdiction, including but not limited to income taxes, capital gains taxes, transfer taxes, and social security contributions that are required by law to be withheld. In the case of payments of awards in the form of Stock, at the Committee146s discretion, you will be required to either pay to the Employer the amount of any taxes required to be withheld with respect to such Stock or, in lieu thereof, the Employer shall have the right to retain (or you may be offered the opportunity to elect to tender) the number of shares of Stock whose fair market value equals such amount required to be withheld. 6. Transfer of Option . The Option is not transferable except in accordance with the provisions of the Plan. 7. Certain Legal Restrictions . The Plan, the granting and exercising of this Option, and any obligations of the Company under the Plan, shall be subject to all applicable federal, state and foreign country laws, rules and regulations, and to such approvals by any regulatory or governmental agency as may be required, and to any rules or regulations of any exchange on which the Stock is listed. The Company, in its discretion, may postpone the granting and exercising of this Option, the issuance or delivery of Stock under this Option or any other action permitted under the Plan to permit the Company, with reasonable diligence, to complete such stock exchange listing or registration or qualification of such Stock or other required action under any federal, state or foreign country law, rule or regulation and may require you to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of Stock in compliance with applicable laws, rules and regulations. The Company shall not be obligated by virtue of any provision of the Plan to recognize the exercise of this Option or to otherwise sell or issue Stock in violation of any such laws, rules or regulations, and any postponement of the exercise or settlement of this Option under this provision shall not extend the term of the Option. Neither the Company nor its directors or officers shall have any obligation or liability to you with respect to any Option (or Stock issuable thereunder) that shall lapse because of such postponement. 8. Plan Incorporated . You accept this Option subject to all the provisions of the Plan, which are incorporated into this Agreement, including the provisions that authorize the Committee to administer and interpret the Plan and which provide that the Committee146s decisions, determinations and interpretations with respect to the Plan are final and conclusive on all persons affected thereby. Except as otherwise set forth in this Agreement, terms defined in the Plan have the same meanings herein. 9. Assignment of Intellectual Property Rights . In consideration of the granting of the Option, you hereby agree that all right, title and interest to any and all products, improvements or processes (147 Intellectual Property 148) whatsoever, discovered, invented or conceived during the course of your employment with the Company or any of its Subsidiaries, relating to the subject matter of the business of the Company or any of its Subsidiaries or which may be directly or indirectly utilized in connection therewith, are vested in the Company, and you hereby forever waive any and all interest you may have in such Intellectual Property and agree to assign such Intellectual Property to the Company. In addition, all writings produced in the course of work or employment for the Company or any Subsidiary are works produced for hire and the property of the Company and its Subsidiaries, including any copyrights for those writings. (a) No ISO Treatment . The Option is intended to be a non-qualified stock option under applicable tax laws, and it is not to be characterized or treated as an incentive stock option under such laws. (b) No Guaranteed Employment . The granting of the Option shall impose no obligation upon you to exercise the Option or any part thereof. Nothing contained in this Agreement shall affect the right of the Company or Employer to terminate you at any time, with or without cause, or shall be deemed to create any rights to your employment. The rights and obligations arising under this Agreement are not intended to and do not affect your employment relationship that otherwise exists between you and the Company or Employer, whether such employment relationship is at will or defined by an employment contract. Moreover, this Agreement is not intended to and does not amend any existing employment contract between you and the Company or Employer to the extent there is a conflict between this Agreement and such an employment contract, the employment contract shall govern and take priority. (c) No Stockholder Rights . Neither you nor any person claiming under or through you shall be or shall have any of the rights or privileges of a stockholder of the Company in respect of any of the shares issuable upon the exercise of the Option herein unless and until certificates representing such shares shall have been issued and delivered to you or your agent. (d) Notices . Any notice to be given to the Company under the terms of this Agreement or any delivery of the Option to the Company shall be addressed to the Company at its principal executive offices, and any notice to be given to you shall be addressed to you at the address set forth on the attached Notice of Grant, or at such other address for a party as such party may hereafter designate in writing to the other. Any such notice shall be deemed to have been duly given if mailed, postage prepaid, addressed as aforesaid. (e) Binding Agreement . Subject to the limitations in this Agreement and the Plan on the transferability by you of the Option and any shares of Stock, this Agreement shall be binding upon and inure to the benefit of your representatives, executors, successors or beneficiaries. (f) Governing Law . The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of Delaware and the United States, as applicable, without reference to the conflict of laws provisions thereof. (g) Severability . If any provision of this Agreement is declared or found to be illegal, unenforceable or void, in whole or in part, then the parties shall be relieved of all obligations arising under such provision, but only to the extent that it is illegal, unenforceable or void, it being the intent and agreement of the parties that this Agreement shall be deemed amended by modifying such provision to the extent necessary to make it legal and enforceable while preserving its intent or, if that is not possible, by substituting therefor another provision that is legal and enforceable and achieves the same objectives. (h) Interpretation . All section titles and captions in this Agreement are for convenience only, shall not be deemed part of this Agreement, and in no way shall define, limit, extend or describe the scope or intent of any provisions of this Agreement. (i) Entire Agreement . This Agreement constitutes the entire agreement among the parties hereto pertaining to the subject matter hereof and supersedes all prior agreements and understandings pertaining thereto. (j) No Waiver . No failure by any party to insist upon the strict performance of any covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute waiver of any such breach or any other covenant, duty, agreement or condition. (k) Counterparts . This Agreement may be executed in counterparts, all of which together shall constitute one agreement binding on all the parties hereto, notwithstanding that all such parties are not signatories to the original or the same counterpart. (l) Relief . In addition to all other rights or remedies available at law or in equity, the Company shall be entitled to injunctive and other equitable relief to prevent or enjoin any violation of the provisions of this Agreement. END OF AGREEMENT 2011 NON-QUALIFIED STOCK OPTION AGREEMENT THIS AGREEMENT (the 147 Agreement 148), effective as of the date indicated on the Notice of Grant delivered herewith (the 147 Notice of Grant 148), is made and entered into by and between Dean Foods Company, a Delaware corporation (the 147 Company 148), and the individual named on the Notice of Grant (147 you 148). WHEREAS, the Board of Directors of the Company has adopted and approved the Dean Foods Company 2007 Stock Incentive Plan (the 147 Plan 148), which was approved as required by the Company146s stockholders and provides for the grant of non-qualified stock options (147 Options 148) and other forms of stock-based compensation to certain Employees and non-employee Directors of the Company and its Subsidiaries (Capitalized terms used and not otherwise defined in this Agreement shall have the meanings set forth in the Plan) and WHEREAS, the Options and other Awards provided for under the Plan are intended to comply with the requirements of Rule 16b-3 under the Securities Exchange Act of 1934, as amended and WHEREAS, the Committee has selected you to participate in the Plan and has awarded the Option described in this Agreement and Notice of Grant to you and WHEREAS, the parties hereto desire to evidence in writing the terms and conditions of the Option. NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements herein contained, and as an inducement to you to continue as an employee of the Company (or its Subsidiaries) and to promote the success of the business of the Company and its Subsidiaries, the parties hereby agree as follows: 1. Grant of Option . The Company hereby grants to you and you hereby accept, effective as of the date shown on the Notice of Grant (the 147 Date of Grant 148), and on the terms and subject to the conditions, limitations and restrictions set forth in the Plan and in this Agreement, an Option to purchase all or any portion of the number of shares shown on the Notice of Grant for the per share price shown on the Notice of Grant (the 147 Exercise Price 148). You must accept this Option Award in the manner designated by the Company in the Notice of Grant (e. g. electronic acceptance) not later than 90 days after the Date of Grant, or electronic notification of such Grant, whichever occurs later, or this Award will be rendered void and without effect. Once accepted as provided above, but subject to the provisions of Sections 2(c), 2(d) and 4 hereof, this Award of Options is irrevocable and is intended to conform in all respects with the Plan. (a) Regular Vesting. Except as otherwise provided in the Plan or in this Section 2, the Option shall vest ratably with respect to the underlying shares of Stock in three (3) equal annual increments commencing on the first anniversary of the Date of Grant. (b) Accelerated Vesting . (1) Unless otherwise determined by the Committee, or except as provided in an agreement between you and your Employer, if your Service terminates by reason of Death, Disability or Retirement during the Restriction Period, all unvested Options you held at the time of such termination will vest in full at the date of such termination. For purposes of this Agreement, 147 Retirement 148 shall be defined as your retirement from employment or other service to the Company or any Subsidiary after you reach (i) age fifty-five (55), so long as you shall also have completed at least ten (10) years of continuous service immediately prior to your retirement, or (ii) age sixty-five (65). 147 Disability 148 shall be defined as your permanent and total disability (within the meaning of Section 22(e)(3) of the Code). (2) In addition to the vesting provisions contained in Sections 2(a), 2(b)(1) and 2(b)(2) above, your Options will automatically and immediately vest in full upon a Change in Control. (c) Forfeiture of Unvested Options. Unless otherwise determined by the Committee, or except as provided in an agreement between you and your Employer, if your Service terminates for any reason other than Death, Disability or Retirement during the Restriction period, any unvested Options you held will be forfeited and canceled as of the date of such termination of Service. Notwithstanding anything to the contrary in this Section 2, your rights with respect to unexercised Options shall in all events be immediately forfeited and cancelled as of the date of your termination of Service for Cause as defined in Section 4 below. (d) Repayment . Participant agrees and acknowledges that this Award Agreement is subject to any policies that the Committee may adopt from time to time with respect to the repayment to the Company of any benefit received hereunder, including 147clawback148 policies. 3. Exercise . In order to exercise the Option with respect to any vested portion, you must notify the Company in writing, either sent to the Corporate Secretary146s attention at the Company146s principal office or via the internet through ETrade (the Company146s plan broker) at etrade . No Stock shall be delivered pursuant to any exercise of an Option until payment in full of the exercise price therefore is received by the Company. At the time of exercise, you must pay to the Company the exercise price (as set forth on the Notice of Grant) times the number of vested shares for which the Option is being exercised. Such payment may be made in cash or its equivalent or, if permitted by the Committee, (i) by exchanging shares of Stock you have owned for at least six months (or for such greater or lesser period as the Committee may determine from time to time) and which are not the subject of any pledge or other security interest, (ii) through an arrangement with a broker approved by the Company whereby payment of the exercise price is accomplished with the proceeds of the sale of Stock or (iii) by a combination of the foregoing, provided that the combined value of all cash and cash equivalents and the fair market value of any Stock tendered to the Company, valued as of the date of such tender, is at least equal to such exercise price of the portion of the Option being exercised. 4. Expiration of Option . The Option shall expire, and shall not be exercisable with respect to any vested portion as to which the Option has not been exercised, on the first to occur of: (a) the tenth anniversary of the Date of Grant (b) Ninety (90) days after the effective date of any termination of Service to the Company or any Subsidiary or at such later date as may be determined by the Committee for any reason other than death, Retirement or Disability, or termination for Cause (as defined below) (c) Twelve (12) months following your termination of Service to the Company or a Subsidiary, if such termination of Service is due to your death or Disability or (d) the earlier of (i) the tenth anniversary of the Date of Grant, and (ii) the first anniversary of your death, for any Options you hold upon your Retirement. Upon your death, any vested Option exercisable on the date of death may be exercised by your estate or by a person who acquires the right to exercise such Option by bequest or inheritance or by reason of your death, provided that such exercise occurs within the shorter of the remaining option term of the Option and twelve months after the date of your death. Notwithstanding anything to the contrary in the Plan or this Agreement, if your Service is terminated for Cause, then all Options shall terminate and be canceled immediately upon such termination, regardless of whether such Options are vested or exercisable. Cause is defined as your (i) willful failure to perform substantially your duties (ii) willful or serious misconduct that has caused, or could reasonably be expected to result in, material injury to the business or reputation of an Employer (iii) conviction of, or entering a plea of guilty or nolo contendere to, a crime constituting a felony (iv) breach of any written covenant or agreement with an Employer, any material written policy of your Employer or any Employer146s code of conduct or code of ethics or (v) failure to cooperate with an Employer in any internal investigation or administrative, regulatory or judicial proceeding. In addition, your Service shall be deemed to have terminated for Cause if, after your Service has terminated (for a reason other than Cause), facts and circumstances are discovered that would have justified a termination for Cause. 5. Tax Withholding . The Employer shall have the right to deduct from all amounts paid to you in cash (whether under the Plan or otherwise) any amount required by law to be withheld in respect of any awards under the Plan as may be necessary in the opinion of the Employer to satisfy any applicable tax withholding requirements under the laws of any country, state, province, city or other jurisdiction, including but not limited to income taxes, capital gains taxes, transfer taxes, and social security contributions that are required by law to be withheld. In the case of payments of awards in the form of Stock, at the Committee146s discretion, you will be required to either pay to the Employer the amount of any taxes required to be withheld with respect to such Stock or, in lieu thereof, the Employer shall have the right to retain (or you may be offered the opportunity to elect to tender) the number of shares of Stock whose fair market value equals such amount required to be withheld. 6. Transfer of Option . The Option is not transferable except in accordance with the provisions of the Plan. 7. Certain Legal Restrictions . The Plan, the granting and exercising of this Option, and any obligations of the Company under the Plan, shall be subject to all applicable federal, state and foreign country laws, rules and regulations, and to such approvals by any regulatory or governmental agency as may be required, and to any rules or regulations of any exchange on which the Stock is listed. The Company, in its discretion, may postpone the granting and exercising of this Option, the issuance or delivery of Stock under this Option or any other action permitted under the Plan to permit the Company, with reasonable diligence, to complete such stock exchange listing or registration or qualification of such Stock or other required action under any federal, state or foreign country law, rule or regulation and may require you to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of Stock in compliance with applicable laws, rules and regulations. The Company shall not be obligated by virtue of any provision of the Plan to recognize the exercise of this Option or to otherwise sell or issue Stock in violation of any such laws, rules or regulations, and any postponement of the exercise or settlement of this Option under this provision shall not extend the term of the Option. Neither the Company nor its directors or officers shall have any obligation or liability to you with respect to any Option (or Stock issuable thereunder) that shall lapse because of such postponement. 8. Plan Incorporated . You accept this Option subject to all the provisions of the Plan, which are incorporated into this Agreement, including the provisions that authorize the Committee to administer and interpret the Plan and which provide that the Committee146s decisions, determinations and interpretations with respect to the Plan are final and conclusive on all persons affected thereby. Except as otherwise set forth in this Agreement, terms defined in the Plan have the same meanings herein. 9. Assignment of Intellectual Property Rights . In consideration of the granting of the Option, you hereby agree that all right, title and interest to any and all products, improvements or processes (147 Intellectual Property 148) whatsoever, discovered, invented or conceived during the course of your employment with the Company or any of its Subsidiaries, relating to the subject matter of the business of the Company or any of its Subsidiaries or which may be directly or indirectly utilized in connection therewith, are vested in the Company, and you hereby forever waive any and all interest you may have in such Intellectual Property and agree to assign such Intellectual Property to the Company. In addition, all writings produced in the course of work or employment for the Company or any Subsidiary are works produced for hire and the property of the Company and its Subsidiaries, including any copyrights for those writings. (a) No ISO Treatment . The Option is intended to be a non-qualified stock option under applicable tax laws, and it is not to be characterized or treated as an incentive stock option under such laws. (b) No Guaranteed Employment . The granting of the Option shall impose no obligation upon you to exercise the Option or any part thereof. Nothing contained in this Agreement shall affect the right of the Company or Employer to terminate you at any time, with or without cause, or shall be deemed to create any rights to your employment. The rights and obligations arising under this Agreement are not intended to and do not affect your employment relationship that otherwise exists between you and the Company or Employer, whether such employment relationship is at will or defined by an employment contract. Moreover, this Agreement is not intended to and does not amend any existing employment contract between you and the Company or Employer to the extent there is a conflict between this Agreement and such an employment contract, the employment contract shall govern and take priority. (c) No Stockholder Rights . Neither you nor any person claiming under or through you shall be or shall have any of the rights or privileges of a stockholder of the Company in respect of any of the shares issuable upon the exercise of the Option herein unless and until certificates representing such shares shall have been issued and delivered to you or your agent. (d) Notices . Any notice to be given to the Company under the terms of this Agreement or any delivery of the Option to the Company shall be addressed to the Company at its principal executive offices, and any notice to be given to you shall be addressed to you at the address set forth on the attached Notice of Grant, or at such other address for a party as such party may hereafter designate in writing to the other. Any such notice shall be deemed to have been duly given if mailed, postage prepaid, addressed as aforesaid. (e) Binding Agreement . Subject to the limitations in this Agreement and the Plan on the transferability by you of the Option and any shares of Stock, this Agreement shall be binding upon and inure to the benefit of your representatives, executors, successors or beneficiaries. (f) Governing Law . The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of Delaware and the United States, as applicable, without reference to the conflict of laws provisions thereof. (g) Severability . If any provision of this Agreement is declared or found to be illegal, unenforceable or void, in whole or in part, then the parties shall be relieved of all obligations arising under such provision, but only to the extent that it is illegal, unenforceable or void, it being the intent and agreement of the parties that this Agreement shall be deemed amended by modifying such provision to the extent necessary to make it legal and enforceable while preserving its intent or, if that is not possible, by substituting therefor another provision that is legal and enforceable and achieves the same objectives. (h) Interpretation . All section titles and captions in this Agreement are for convenience only, shall not be deemed part of this Agreement, and in no way shall define, limit, extend or describe the scope or intent of any provisions of this Agreement. (i) Entire Agreement . This Agreement constitutes the entire agreement among the parties hereto pertaining to the subject matter hereof and supersedes all prior agreements and understandings pertaining thereto. (j) No Waiver . No failure by any party to insist upon the strict performance of any covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute waiver of any such breach or any other covenant, duty, agreement or condition. (k) Counterparts . This Agreement may be executed in counterparts, all of which together shall constitute one agreement binding on all the parties hereto, notwithstanding that all such parties are not signatories to the original or the same counterpart. (l) Relief . In addition to all other rights or remedies available at law or in equity, the Company shall be entitled to injunctive and other equitable relief to prevent or enjoin any violation of the provisions of this Agreement. END OF AGREEMENT