Kraft 2009 Annual Report Download - page 153

(b) the grant of the Option is voluntary and occasional and does not create any contractual or other right to receive future grants of options, or
benefits in lieu of options, even if options have been granted repeatedly in the past;
(c) all decisions with respect to future option grants, if any, will be at the sole discretion of the Board of Directors of the Company or the
Committee;
(d) the Optionee is voluntarily participating in the Plan;
(e) the Option and the shares of Common Stock subject to the Option are 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 intended to replace any pension rights or compensation;
(g) the Option and the shares of Common Stock subject to the Option are not part of normal or expected compensation or salary for any purposes,
including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, 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;
(h) the Option grant and the Optionee’s participation in the Plan will not be interpreted to form an employment contract or relationship with any
member of the Kraft Foods Group;
(i) the future value of the underlying shares of Common Stock is unknown and cannot be predicted with certainty;
(j) if the underlying shares of Common Stock do not increase in value, the Option will have no value;
(k) 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;
(l) no claim or entitlement to compensation or damages shall arise from forfeiture of the Option resulting from the termination of Optionee’s
employment by the Company or the Employer, and in consideration of the grant of the Option to which the Optionee is otherwise not entitled, the Optionee
irrevocably agrees never to institute any claim against the Company or the Employer, waives his or her ability, if any, to bring any such claim, and releases the
Company and the Employer from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by
participating in the Plan, the Optionee shall be deemed irrevocably to have agreed not to pursue such claim and agrees to execute any and all documents
necessary to request dismissal or withdrawal of such claim;
(m) 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;
(n) 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;
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Source: KRAFT FOODS INC, 10-K, February 25, 2010 Powered by Morningstar® Document Research℠