Kraft 2014 Annual Report Download - page 112
Download and view the complete annual report
Please find page 112 of the 2014 Kraft annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
 |
 |
Page 2
The applicable stock award agreements will provide details regarding the vesting and other provisions of these awards. Below is a summary of
the stock award treatment under several scenarios.
• In the event that you no longer hold the position of Chief Executive Officer of Kraft, the treatment of equity awards granted to you
upon assumption of that role or at any other future date while you remain CEO (unless specifically stated otherwise in the applicable
stock award agreement) will be as follows:
Reason CEO Position
No Longer Held
Unvested
Awards
Vested Restricted
Stock Units
Vested Stock
Options
Become a non-employee
director
Awards will continue to vest
as if you remained in that
role through the vesting
period (even if you terminate
your Board service following
the transition to non-
employee director)
Shares owned by
participant
Participant may
exercise options for the
full original term
Resignation from CEO Forfeited
Shares owned by
participant
Options may be
exercised for a period
of 30 days following
date of resignation
after which they will
be canceled
Mutual Agreement
(including a return to
serving as Executive
Chairman but not CEO)
Awards will continue to vest
as if you remained employed
through vesting period, with
performance shares
determined based on actual
performance through the end
of the performance cycle
Shares owned by
participant
Participant may
exercise options for the
full original term
Termination for cause Forfeited
Depending on reason for
termination, Company
may claw back shares
Options will be
canceled immediately
upon such termination
Death/Long-Term
Disability Awards vest immediately
Shares owned by
p
articipant or designated
beneficiary
Participant or
designated beneficiary
may exercise options
for the full original
term
Involuntary termination
without cause
Pro rata vesting, with
performance level of
performance shares
determined based on actual
performance through the end
of the performance cycle
Shares owned by
p
articipant or designated
beneficiary
Participant may
exercise options for the
full original term