Kroger 2010 Annual Report Download - page 78

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76
20. General Provisions
20.1 The establishment of the Plan will not confer upon any Employee or Director any legal or
equitable right against the Company, any Subsidiary or the Committee, except as expressly provided
in the Plan.
20.2 The Plan does not constitute inducement or consideration for the employment of any
Employee or the service of any Director, nor is it a contract of employment between the Company
or any Subsidiary and any Employee or Director. Participation in the Plan, or the receipt of a grant or
award hereunder, will not give an Employee or Director any right to be retained in the service of the
Company or any Subsidiary.
20.3 The Company and its Subsidiaries may assume options, warrants, or rights to purchase
stock issued or granted by other corporations whose stock or assets are acquired by the Company or
its Subsidiaries, or that is merged into or consolidated with the Company. Assumed options will not be
counted toward the limit specified in Section 6.3 unless the Committee determines that application of
the limit is necessary for the grants of Options to qualify as “performance-based compensation” under
Section 162(m) of the Code. Neither the adoption of this Plan, nor its submission to the shareholders,
may be taken to impose any limitations on the powers of the Company or its affiliates to issue, grant,
or assume options, warrants, rights, or restricted stock, otherwise than under this Plan, or to adopt
other long-term incentive plans or to impose any requirement of shareholder approval upon the
same.
20.4 The interests of any Employee or Director under the Plan are not subject to the claims
of creditors and may not, in any way, be assigned, alienated or encumbered except as provided in
Article 10.
20.5 The Plan will be governed, construed and administered in accordance with the laws of
Ohio.