Kraft 2014 Annual Report Download - page 88

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Kraft Foods Group, Inc.
Change in Control Plan for Key Executives
1. Definitions
For purposes of the Change in Control Plan for Key Executives, the following terms are defined as set forth below
(unless the context clearly indicates otherwise):
Affiliate
Any entity controlled by, controlling or under common control with the
Company.
Annual Base
Salary
Twelve times the higher of (i) the highest monthly base salary paid or payable to the
Participant by the Company and its Affiliates in respect of the twelve-month period
immediately preceding the month in which the Change in Control occurs, or (ii) the
highest monthly base salary in effect at any time thereafter, in each case including any
base salary that has been earned and deferred.
Board The Board of Directors of the Company.
Annual Incentive Award
Target
The annual incentive award that the Participant would receive in a fiscal year under
the Management Incentive Plan or any comparable annual incentive plan if the target
goals are achieved.
Cause As defined in Section 3.2(b)(i) of this Plan.