Kraft 2008 Annual Report Download - page 111

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(c) all decisions with respect to future option grants, if any, will be at the sole discretion of the Company;
(d) the Optionee is voluntarily participating in the Plan;
(e) the Option is an extraordinary item that does not constitute compensation of any kind for services of any kind rendered to the Company or the
Employer, and which is outside the scope of the Optionee’s employment contract, if any;
(f) the Option is not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance,
resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments and in no event
should be considered as compensation for, or relating in any way to, past services for the Company or the Employer;
(g) in the event that the Optionee is not an employee of the Company, the Option grant and the Optionee’s participation in the Plan will not be
interpreted to form an employment contract or relationship with the Company; and furthermore, the Option grant will not be interpreted to form an employment
contract with any subsidiary or affiliate of the Company;
(h) the future value of the underlying shares of Common Stock is unknown and cannot be predicted with certainty;
(i) if the underlying shares of Common Stock do not increase in value, the Option will have no value;
(j) if the Optionee exercises the Option and obtains shares of Common Stock, the value of those shares of Common Stock acquired upon exercise
may increase or decrease in value, even below the Grant Price;
(k) in consideration of the grant of the Option, no claim or entitlement to compensation or damages shall arise from termination of the Option or
diminution in value of the Option or shares of Common Stock acquired through exercise of the Option resulting from the termination of Optionee’s employment
by the Company or the Employer and the Optionee irrevocably releases the Company and the Employer from any such claim that may arise; if, notwithstanding
the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by signing this Agreement, the Optionee shall be deemed
irrevocably to have waived the Optionee’s entitlement to pursue such claim;
(l) in the event of termination of the Optionee’s employment, the Optionee’s right to exercise the Option after termination of employment, if any,
will be measured by the date of termination of the Optionee’s active employment and will not be extended by any notice period mandated under local law;
(m) the Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding the Optionee’s
participation in the Plan, or the Optionee’s acquisition or sale of the underlying shares of Common Stock;
(n) the Optionee is hereby advised to consult with the Optionee’s own personal tax, legal and financial advisors regarding the Optionee’s
participation in the Plan before taking any action related to the Plan; and
4
Source: KRAFT FOODS INC, 10-K, February 25, 2008 Powered by Morningstar® Document Research℠