CAMPBELL SOUP CO
LETTER AGREEMENT BETWEEN COMPANY & MARK A. SARVARY
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<TYPE>EX-10.(A)
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<FILENAME>w98166exv10wxay.htm
<DESCRIPTION>LETTER AGREEMENT BETWEEN COMPANY & MARK A. SARVARY
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<P align="right" style="font-size: 10pt">EXHIBIT 10(a)


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    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px"><B>JOHN J. FUREY</B></DIV></TD>
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    <TD>&nbsp;</TD>
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<TD valign="top" nowrap colspan="2"><DIV style="margin-left:0px; text-indent:-0px">VICE
PRESIDENT and CORPORATE SECRETARY</DIV></TD>
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    <TD>&nbsp;</TD>
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<TR><TD>&nbsp;</TD></TR>
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<TD valign="top" align="right" nowrap><DIV style="margin-left:0px; text-indent:-0px">
Telephone : (856) 342-6122</DIV></TD>
    <TD>&nbsp;</TD>
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    <TD>&nbsp;</TD>
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Fax : (856)&nbsp;342-3889</DIV></TD>
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    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">john_furey@campbellsoup.com
</DIV></TD>

    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap><B>Campbell Soup Company</B></TD>
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</DIV></TD>
    <TD>&nbsp;</TD>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1 Campbell Place</TD>
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</DIV></TD>
    <TD>&nbsp;</TD>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Camden, NJ 08103</TD>
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</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">June&nbsp;4, 2004</TD>
    <TD>&nbsp;</TD>
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<P align="left" style="font-size: 10pt">Mr.&nbsp;Mark A. Sarvary



<P align="left" style="font-size: 10pt">Dear Mark:



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The purpose of this letter is to confirm the severance arrangement that
the Compensation and Organization Committee of the Board of Directors approved
on February&nbsp;9, 2004 in connection with your appointment as Executive Vice
President and President of the Campbell North America Division. The Company
desires to make provision for payment of reasonable severance compensation to
you in the event the Company terminates your employment as set forth below.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If your employment is terminated by the Company other than for Cause (as
defined below), change in control of the Company (covered by a separate
agreement), disability, by reason of death, or due to a voluntary resignation
or retirement by you, you shall be entitled to the following:



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Company shall pay you all accrued compensation and a
pro-rata portion of the bonus for the fiscal year in which termination of
employment occurs based on the portion of such fiscal year that has
elapsed prior to your termination date, <I>provided </I>that you have been
employed by the Company for at least three months of such fiscal year,
and <I>provided further </I>that payment of the pro-rata bonus will be
determined following the close of such fiscal year at the sole discretion
of the Compensation and Organization Committee of the Board of Directors
which is permitted to make performance related reductions in bonus
payments;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Company shall pay you as severance pay and in lieu of any
further severance or compensation for periods subsequent to your
termination date in installment payments over a 24-month period in cash
equal to two times your annual base salary in effect at your termination
date;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) for a number of months equal to the lesser of (A)&nbsp;24 and (B)
the number of months remaining until your 65th birthday, the Company
shall at its expense continue on behalf of you and your dependents and
beneficiaries the life insurance and medical benefits provided to you at
the time of your termination date. The Company&#146;s


<P align="center" style="font-size: 10pt">&nbsp;
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<P align="left" style="margin-left:3%; font-size: 10pt">obligation hereunder
with respect to the foregoing benefits shall be limited to the extent
that you obtain any such benefits pursuant to a subsequent
employer&#146;s benefit plans, in which case the Company may terminate the
coverage of any benefits it is required to provide you hereunder.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any outstanding stock options that are vested as of your
termination date may be exercised by you in accordance with the terms of
the Company&#146;s long-term incentive plan at the time of grant; and



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) any outstanding restricted shares as of your termination date
shall partially vest as of the termination date in accordance with the
Company&#146;s policy at the time of grant.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cause shall mean that you (i)&nbsp;failed to substantially perform your duties
with the Company (other than a failure resulting from your incapacity due to
physical or mental illness) which failure continued for a period of at least 30
days after a written notice of demand for performance has been delivered to
you specifying the manner in which you have failed to substantially perform; or
(ii)&nbsp;engaged in conduct which is demonstrably and materially injurious to the
Company, monetarily or otherwise.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You shall not be required to mitigate the amount of any payment provided
for in this Agreement by seeking other employment or otherwise and no such
payment shall be offset or reduced by the amount of any compensation or
benefits provided to you in any subsequent employment except with respect to
the continuation of life insurance and medical benefits as set forth above.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No payment will be made under this Agreement unless (i)&nbsp;you first execute
the Company&#146;s standard severance release form and (ii)&nbsp;to the extent any
portion of such release is subject to the seven-day revocation period
prescribed by the Age Discrimination in Employment Act, as amended, or to any
similar revocation period in effect on the termination date, such revocation
period has expired.

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    <TD colspan="3" valign="top" align="left">CAMPBELL SOUP COMPANY</TD>
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    <TD>&nbsp;</TD>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">BY:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ John J. Furey</TD>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President and Corporate Secretary</TD>
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    <TD colspan="3" valign="top" align="left">Accepted and agreed to:</TD>
    <TD>&nbsp;</TD>
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    <TD>&nbsp;</TD>
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    <TD>&nbsp;</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">BY:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Mark A. Sarvary</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
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</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mark A. Sarvary</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
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