Kraft 2010 Annual Report Download - page 158

be made as soon as administratively practicable for the Administrator to make such payment). Succeeding payments shall generally be made by
January 1 of each succeeding calendar year, but in no event later than the end of each succeeding calendar year (provided, however, that if
calculation of the amount of the payment is not administratively practicable due to events beyond the control of the Participant, the payment will
be made as soon as administratively practicable for the Administrator to make such payment). The amount to be distributed in each installment
payment shall be determined by dividing the value of the Participant's Accounts as of a Valuation Date preceding the date of each distribution by
the number of installment payments remaining to be made, in accordance with rules established by the Administrator. In the event of the death of
the Participant prior to the full payment of his Accounts, payments will continue to be made to his Beneficiary in the same manner and at the
same time as would have been payable to the Participant, but substituting the Participant's date of death for the Participant's Retirement Date.
To the extent elected by the Employer in the Adoption Agreement, Participants who have elected payment in installments may make a subsequent
election to elect payment of that amount in the form of a lump sum, if payment of installments with respect to that year's deferrals has not yet commenced.
Such election must be made in accordance with procedures established by the Administrator, and any such election must be made to take effect no later than
12 calendar months prior to the originally elected payment date of the first installment. The new payment date for the installment with respect to which such
election is made must be deferred to the later of: (i) five years from the date such payment would otherwise have been made, or (ii) the last payment date of
the last installment with respect to that year's deferrals. To the extent elected by the Employer in the Adoption Agreement, Participants who have elected
payment in installments may make a subsequent election to change the number of such installment payments so long as no acceleration of distribution
payments (within the meaning of Code Section 409A) occurs (but no fewer than the minimum number, and not to exceed the maximum number of
installments elected by the Employer in the Adoption Agreement), if payment of installments with respect to that year's Deferral Elections has not yet
commenced. Such election must be made in accordance with procedures established by the Administrator, and any such election must be made and take effect
no later than 12 calendar months prior to the originally elected payment date of the first installment. The new payment date for any installment with respect to
which such election is made must be deferred for a period of not less than five years from the date such payment would otherwise have been made. In the
event payment has been elected by the Participant in the form of installments (to the extent elected by the Employer in the Adoption Agreement), each
installment payment shall be considered a separately identifiable payment. In the event payment has been elected by the Participant in the form of a lump sum
(or in the event payment shall be made to the Participant in the form of a lump sum under the terms of the Plan in the absence of or in lieu of the Participant's
election), then the lump sum form shall be deemed to be a separately identifiable form of payment, and the Participant may make a subsequent deferral
election to elect payment of that amount in the form of installments (to the extent elected by the Employer in the Adoption Agreement) in accordance with the
procedures described above for changing installment payment elections. Participants will be permitted to make such a change only once with respect to any
year's Deferral Elections.
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