Kraft 2014 Annual Report Download - page 94

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2. Eligibility
2.1. Participation . Except as set forth in the definition of Participant above, each employee who is a Key Executive on
the Effective Date shall be a Participant in the Plan effective as of the Effective Date and each other employee shall
ecome a Participant in the Plan effective as of the date of the employee's promotion, hire or other designation as a Key
Executive.
2.2. Duration of Participation . A Participant shall cease to be a Participant in the Plan if (i) the Participant terminates
employment with the Employer under circumstances not entitling him or her to Separation Benefits or (ii) the Participan
otherwise ceases to be (or to be designated) a Key Executive, provided that no Key Executive may be so removed fro
Plan participation in connection with or in anticipation of a Change in Control that actually occurs. However,
Participant who is entitled, as a result of ceasing to be (or to be designated) a Key Executive of the Employer, to receive
benefits under the Plan shall remain a Participant
Plan
The Kraft Foods Group, Inc. Change in Control Plan for Key Executives, as set forth
herein.
Plan Administrator
The third-
p
arty accounting, actuarial, consulting or similar firm retained by the
Company prior to a Change in Control to administer this Plan following a Change in
Control.
Separation Benefits
The amounts and benefits payable or required to be provided in accordance with
Section 3.3 of this Plan.
Separation Pay The amount or amounts payable in accordance with Section 3.3(b) of this Plan.
Separation Pay Multiple
For a Participant who served as Chief Executive Officer immediately prior to the
Change in Control, the Separation Pay Multiple is three (3).
For a Participant who served as a Direct Report or a KLT Member immediately prior
to the Change in Control, the Separation Pay Multiple is two (2).
For all other Participants, the Separation Pay Multiple is one and one-half (1.5).
U.S. Executive
A Participant whose designated home country, for purposes of the Employer's
personnel and benefits programs and policies, is the United States.