Kraft 2010 Annual Report Download - page 136
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(a) the expiration of the six-month period measured from the date of the Participant's separation from service or (b) the date of the Participant's death, if the
Participant is deemed at the time of such separation from service to be a "specified employee" (within the meaning of Section 409A of the Code and any the
regulations or other guidance thereunder) and to the extent such delayed commencement is otherwise required in order to avoid a prohibited distribution under
Section 409A of the Code and any the regulations or other guidance thereunder. All payments which had been delayed pursuant to the immediately preceding
sentence shall be paid to the Participant in a lump sum upon expiration of such six-month period (or, if earlier, upon the Participant's death). The LTI Plan and
all LTIP Awards made hereunder shall be interpreted, construed and operated to reflect the intent of the Company that all aspects of the LTI Plan and the
LTIP Awards shall be interpreted either to be exempt from the provisions of Section 409A of the Code or, to the extent subject to Section 409A of the Code,
comply with Section 409A of the Code and any regulations and other guidance thereunder. This LTI Plan may be amended at any time, without the consent of
any party, to avoid the application of Section 409A of the Code in a particular circumstance or that is necessary or desirable to satisfy any of the requirements
under Section 409A of the Code, but the Company shall not be under any obligation to make any such amendment. Nothing in the LTI Plan shall provide a
basis for any person to take action against the Company or any affiliate based on matters covered by Section 409A of the Code, including the tax treatment of
any amount paid or LTIP Award made under the LTI Plan, and neither the Company nor any of its affiliates shall under any circumstances have any liability
to any participant or his estate or any other party for any taxes, penalties or interest due on amounts paid or payable under the LTI Plan, including taxes,
penalties or interest imposed under Section 409A of the Code.
Section 6.10 – Tax Withholding. The Company shall have the authority and the right to deduct or withhold, report or require a Participant to
remit to the Company, an amount sufficient to satisfy federal, state, local and foreign taxes (including any social insurance, payroll tax, or payment on
account) required by law to be withheld with respect to any taxable event concerning a Participant arising in connection with an LTIP Award.
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