Cal-Maine Foods Inc – ‘10-K’ for 5/30/98 – EX-10

As of:  Thursday, 8/27/98   ·   For:  5/30/98   ·   Accession #:  16160-98-3   ·   File #:  0-04892

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                         41±   183K 
 3: EX-10       Material Contract                                      1      7K 
 4: EX-23       Consent of Experts or Counsel                          1      5K 
 2: EX-27       Financial Data Schedule (Pre-XBRL)                     1      6K 

EX-10   —   Material Contract

Exhibit 10.6(a)                                                                 

Wage Continuation Plan, Dated as of July 1, 1986, Between B. J. Raines          
and the Registrant, as amended, on October 29, 1997                           

October 27, 1997                                                                

Mr. B. J. Raines                                                                
Cal-Maine Foods, Inc.                                                           
P.  O. Box 2960                                                                 
Jackson, Mississippi  39207                                                     

RE:  Amendment to Wage Continuation Plan of July 1, 1986                        

Dear Bobby:                                                                     

This letter will serve to amend the Wage Continuation Plan of January 1,        
1996, between you and Cal-Maine Foods, Inc.                                     

It is agreed that you will continue employment beyond your 65th birthday.       
It is further agreed that Cal-Maine will not begin making the $50,000 per       
year wage continuation payments, as set out in the Wage Continuation Plan,      
until the date of your retirement.                                              

During your additional period of employment, you will earn one additional       
year of wage continuation credit for each additional year of employment.        
Each additional year will be added to the 10 years you have earned as of        
October 16, 1997.                                                               

Payments made under this amendment shall be paid in monthly installments        
totaling $50,000 per year and shall continue to you or your estate until        
all payments have been paid in full.                                            

Either party may cancel this agreement at any time; however, any such           
cancellation shall not reduce any benefits earned up to the date of             
cancellation.                                                                   

Sincerely,                                                                      

/s/ Fred Adams                                                                  

Accepted, this the 29th day October, 1997.                                      

/s/ B. J. Raines                                                                

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing		Date		Other Filings
Filed on:		8/27/98
For Period End:		5/30/98		DEF 14A
		10/29/97
		10/27/97
		10/16/97
		1/1/96
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