Kraft 2014 Annual Report Download - page 142

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Company is entitled to its reasonable attorneys’ fees and costs incurred in enforcing the restrictive covenants contained in this
greement or successfully prosecuting or defending any action under this Agreement. Furthermore, no bond need be posted in
conjunction with the application for, or issuance of, an injunction (which requirement the Participant hereby specifically and
expressly waives).
If the Participant violates any agreement between the Participant and the Company or its Affiliates with respect to non-
competition, non-solicitation, confidentiality, or protection of trade secrets (or similar provision regarding intellectual property),
including Section II of this Appendix A: the Company shall have the right, at its discretion, (i) to recoup any PSP Award Share
Payout made in the 12 months preceding either (A) the date on which the Company first became aware of such violation or (B) the
date of the Participant’s termination of employment; and (ii) if the Participant has sold any portion of the PSP Award Share Payout
made in the 12 months preceding either (A) the date on which the Company first became aware of such violation or (B) the date o
the Participant’s termination of employment, to require the Participant to immediately remit a cash payment to the Company equal
to the gross proceeds of such sale. The remedy provided by this Section III shall be in addition to and not in lieu of any rights o
remedies which the Company may have against the Participant under any statute, regulation or Company policy, as in effect from
time to time, relating to the forfeiture or recoupment of compensation.
The Participant further agrees that by accepting the PSP Award, the Participant authorizes the Company and its affiliates to
deduct any amount or amounts owed by the Participant pursuant to this Section III from any amounts payable by or on behalf of the
Company or any Affiliate to the Participant, including, without limitation, any amount payable to the Participant as salary, wages,
vacation pay, bonus or the settlement of the PSP Award or any stock-based award. This right of setoff shall not be an exclusive
remedy and the Company’s or an affiliate’s election not to exercise this right of setoff with respect to any amount payable to the
Participant shall not constitute a waiver of this right of setoff with respect to any other amount payable to the Participant or any
other remedy.
III. RECOUPMENT OF PROCEEDS