SANDERSON FARMS, INC. AND AFFILIATES EMPLOYEE STOCK OWNERSHIP PLAN (As Amended and Restated Effective August 1, 2006)

Equity Incentive Plan Agreement

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SANDERSON FARMS INC

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Title: SANDERSON FARMS, INC. AND AFFILIATES EMPLOYEE STOCK OWNERSHIP PLAN (As Amended and Restated Effective August 1, 2006)
Date: 8/25/2009
Industry: Food Processing Sector: Consumer/Non-Cyclical

Exhibit 10.3

SANDERSON FARMS, INC. AND AFFILIATES
EMPLOYEE STOCK OWNERSHIP PLAN
(As Amended and Restated Effective August 1, 2006)

WHEREAS , Sanderson Farms Inc. (the “Corporation”) maintains the Sanderson Farms, Inc. and Affiliates Employee Stock Ownership Plan (the “Plan”) for the benefit of the employees of the Corporation and its participating affiliates;

WHEREAS , Section 12.1 of the Plan provides that the Corporation, through action of its Board of Directors, may amend the Plan at any time; and

WHEREAS , the Corporation desires to amend the Plan in certain respects.

NOW THEREFORE BE IT RESOLVED , that, effective August 1, 2006, the Plan shall be amended as follows:

Restate 6.3(f) in its entirety as follows:

(f)

If a portion of a Participant’s Accounts are forfeited under (c) or (d) above, Qualifying Employer Securities allocated to the Participant’s Stock Account pursuant to Section 8.4 hereof must be forfeited only after other Account assets.

Restate Section 7.2(a) in its entirety as follows:

(a)

Distribution of a Participant’s

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