Kraft 2014 Annual Report Download - page 93
Download and view the complete annual report
Please find page 93 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
 |
 |
Long-Term Incentive
Plan Award Target
The long-term award that the Participant would receive during a performance cycle
under the Long-Term Incentive Plan or any comparable incentive plan if the target
goals specified under the Long-Term Incentive Plan or such comparable incentive plan
are achieved.
Net After-Tax Benefit
The present value (as determined in accordance with Sections 280G(b)(2)(A)(ii) and
280G(d)(4) of the Code) of a Participant's Payments less any Federal, state, and local
income taxes and any Excise Tax payable on such amount.
Non-Competition
Agreement
The agreement of a Participant, not to, without the Company's prior written consent,
engage in any activity or provide any services, whether as a director, manager,
supervisor, employee, adviser, consultant or otherwise, for a period of up to one
(1) year following the Participant's Date of Termination, with a company that is
substantially competitive with a business conducted by the Company and its Affiliates.
Non-Solicitation
Agreement
The agreement of a Participant that he or she will not solicit, directly or indirectly, any
employee of the Company or an Affiliate, or a surviving entity following a Change in
Control, to leave the Company or an Affiliate and to work for any other entity,
whether as an employee, independent contractor or in any other capacity, for a period
of up to one (1) year following the Participant’ s Date of Termination.
Non-U.S. Executive
A Key Executive whose designated home country, for purposes of the Employer's
personnel and benefits programs and policies, is other than the United States.
Participant
A Key Executive who meets the eligibility requirements of Section 2.1; provided,
however, that any Non-U.S. Executive who, under the laws of his or her designated
home country or the legally enforceable programs or policies of the Employer in such
designated home country, is entitled to receive, in the event of termination of
employment (whether or not by reason of a Change in Control), separation benefits at
least equal in aggregate amount to the Separation Pay prescribed under Section 3.3(b),
of this Plan shall not be considered a Participant for the purposes of this Plan.
Payment
Any payment or distribution in the nature of compensation (within the meaning of
Section 280G (b) (2) of the Code) to or for the benefit of the Participant, whether paid
or payable pursuant to this Plan or otherwise.