Kraft 2014 Annual Report Download - page 102

General Counsel of the Company and must be received within 30 days after the Date of Termination. If the Company
determines that any individual who has claimed a right to receive Separation Benefits under the Plan is not entitled to
receive all or a part of the benefits claimed, it will inform the claimant in writing of its determination and the reasons
therefore in terms calculated to be understood by the claimant. The notice will be sent within 90 days of the written
request, unless the Company determines additional time, not exceeding 90 days, is needed and provides the Participan
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with notice, during the initial 90-day period, of the circumstances requiring the extension of time and the length of the
extension. The notice shall make specific reference to the pertinent Plan provisions on which the denial is based, an
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describe any additional material or information that is necessary. Such notice shall, in addition, inform the claimant wha
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rocedure the claimant should follow to take advantage of the review procedures set forth below in the event the
claimant desires to contest the denial of the claim. The claimant may within 90 days thereafter submit in writing to the
Plan Administrator a notice that the claimant contests the denial of his or her claim by the Company and desires a furthe
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review. The Plan Administrator shall within 60 days thereafter review the claim and authorize the claimant to appea
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ersonally and review the pertinent documents and submit issues and comments relating to the claim to the persons
responsible for making the determination on behalf of the Plan Administrator. The Plan Administrator will render its
final decision with specific reasons therefor in writing and will transmit it to the claimant within 60 days of the written
request for review, unless the Plan Administrator determines additional time, not exceeding 60 days, is needed, and so
notifies the Participant during the initial 60-day period. If the Plan Administrator fails to respond to a claim filed in
accordance with the foregoing within 60 days or any such extended period, the Plan Administrator shall be deemed to
have denied the claim. The Committee may revise the foregoing procedures as it determines necessary to comply with
changes in the applicable U.S. Department of Labor regulations.
6.8. Unfunded Plan Status . This Plan is intended to be an unfunded plan and to qualify as a severance pay plan within
the meaning of Labor Department Regulations Section 2510.3-2(b). All payments pursuant to the Plan shall be made
from the general funds of the Employer and no special or separate fund shall be established or other segregation of assets
made to assure payment. No Participant or other person shall have under any circumstances any interest in any particula
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roperty or assets of the Company or its Affiliates as a result of participating in the Plan. Notwithstanding the foregoing,
the Committee may authorize the creation of trusts or other arrangements to assist in accumulating funds to meet the
obligations created under the Plan; provided, however, that, unless the Committee otherwise determines, the existence o
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such trusts or other arrangements is consistent with the “unfunded” status of the Plan.
6.9. Reliance on Adoption of Plan . Subject to Section 5.2, each person who shall become a Key Executive shall be
deemed to have served and continue to serve in such capacity in reliance upon the Change in Control provisions
contained in this Plan.
6.10. Plan Supersedes prior U.S. Arrangements with one Exception . For the period of two years following the
occurrence of a Change in Control, the provisions of this Program shall supersede, with respect to U.S. Participants, any
and all plans, programs, policies and arrangements of the Company or its Affiliates providing severance benefits,
EXCEPT FOR the 2012 Performance Incentive Plan.
IN WITNESS WHEREOF, the Company has caused this Plan to be executed by its duly authorized officer effective as
of the Effective Date set forth above.