Kraft 2010 Annual Report Download - page 181
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¨ (a) Vesting will be credited/updated on the last day of the Plan year.
¨ (b) Vesting will be credited/updated on the anniversary of the date the Contribution is credited.
17. Full Vesting Upon Occurrence of Specific Event. [select all that apply]
¨100% vesting upon Normal Retirement [describe criteria such as age (can be partial year), years of service with the Employer (must be whole
years of service), or years of participation in the Plan (must be whole years of participation)]
¨100% vesting upon Early Retirement [describe criteria such as age (must be whole years), years of service with the Employer (must be whole
years of service), or years of participation in the Plan (must be whole years of participation)]
¨100% vesting upon Death.
¨100% vesting upon Disability [complete Item 30 – definition of "Disability"].
¨100% vesting upon Change in Control of the Employer [complete Items 28 and 29 – definition of "Change in Control"]
¨100% vesting upon occurrence of other event: [describe event]
18. Service Before Plan's Establishment Excluded. Years of service earned prior to establishment of the Plan shall be disregarded for purposes of
determining vesting under the Plan:
xYes (this may be elected only if this is the establishment of a new Plan).
¨No.
19. Forfeitures for Misconduct or Violation of Non-Compete. Participants terminating employment prior to becoming 100% vested will forfeit the
forfeitable percentage of their Accounts as indicated in accordance with the vesting schedule selected in Items 14 and/or 15. Participants may also
forfeit 100% of their Matching and Employer Contribution Accounts (if applicable) under the following circumstances: [select any that apply]:
¨Misconduct (termination for Cause). [if selected, the definition of Misconduct or Cause should be documented in writing, and such writings
will form part of the Plan]
¨Engaging in competition with the Employer. [if selected, the definition of engaging in competition should be documented in writing, and such
writing will form part of the Plan]
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