Kraft 2014 Annual Report Download - page 91
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Date of
Termination
If the Participant's employment is terminated by:
The Employer for Cause or by the Participant for Good Reason, the Date of
Termination shall be the date on which the Participant or the Employer, as
the case may be, receives the Notice of Termination (as described in Section
3.2(c)) or any later date specified therein, as the case may be.
The Employer other than for Cause, death or Disability, the Date of
Termination shall be the date on which the Employer notifies the Participant
of such termination.
Reason of death or Disability, the Date of Termination shall be the date of
death of the Participant or the Disability Effective Date, as the case may be.
Notwithstanding the above, in the event that the Date of Termination as determined
above is not the last date on which the Participant is employed by the Employer, the
Participant's Date of Termination shall be the last date on which the Participant is
employed by the Employer.
Disability As defined in Section 3.2(b) (ii).
Disability Effective
Date As defined in Section 3.2(b) (ii).
Effective Date October 2, 2012.
Employer The Company or any of its Affiliates.
Excise Tax
The excise tax imposed by Section 4999 of the Code, together with any interest or
penalties imposed with respect to such excise tax.
Good Reason As defined in Section 3.2(a).
Key Executive
An employee who is employed on a regular basis by the Employer and (i) is serving as
the Company’ s Chief Executive Officer, (ii) is serving in an executive position that
reports directly to the Company’ s Chief Executive Officer (“Direct Reports”), (iii) is
otherwise a member of the Kraft Leadership Team (“KLT Member”) or (iv) is
otherwise designated by the Committee as eligible to participate in this Plan.