Kraft 2010 Annual Report Download - page 189

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Exhibit 10.25
PERSONAL AND CONFIDENTIAL
December 21, 2010
Mr. Sam Rovit
Dear Sam,
I am very pleased to provide you with this letter confirming the verbal offer that has been extended to you for the position of Executive Vice President
Strategy located in Northfield, Illinois, USA. If you accept our offer, we have discussed our interest in you joining Kraft as soon as possible. This letter sets
forth all of the terms and conditions of the offer.
Listed below are details of your compensation and benefits that will apply to this offer.
Annualized Compensation (Range of Opportunity)
Target – Maximum
Annual Base Salary $500,000
Annual Incentive Plan (Target – 60%) $300,000 - $750,000
Long-Term Incentive Plan (Target – 85%) $425,000 - $850,000
Annual Equity Award Range $350,000 - $525,000
Total Annual Compensation $1,575,000 - $2,625,000
* Target as a percent of base salary.
Annual Incentive Plan
You will be eligible to participate in the Kraft Management Incentive Plan (MIP), which is the Company's annual incentive program. Your target award
opportunity under the MIP is equal to 60% of your base salary. The actual amount you will receive may be lower or higher depending on your individual
performance and the performance of Kraft Foods Inc. Your 2011 award will be payable in March 2012. Your MIP eligibility will begin on your date of
employment.