Kroger 2013 Annual Report Download - page 72

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70
19. Indemnification of Committee
In฀addition฀to฀such฀other฀rights฀of฀indemnification฀as฀they฀may฀have฀as฀Directors฀or฀as฀members฀of฀the฀
Committee,฀ the฀ members฀ of฀ the฀ Committee฀ will฀ be฀ indemnified฀ by฀ the฀ Company฀ against฀ the฀ reasonable฀
expenses,฀including฀attorneys’฀fees,฀actually฀and฀reasonably฀incurred฀in฀connection฀with฀the฀defense฀of฀any฀
action,฀suit฀or฀proceeding,฀or฀in฀connection฀with฀any฀appeal฀therein,฀to฀which฀they฀or฀any฀of฀them฀may฀be฀
a฀party฀by฀reason฀of฀any฀action฀taken฀or฀failure฀to฀act฀under฀or฀in฀connection฀with฀the฀Plan฀or฀any฀grant฀or฀
award฀hereunder,฀and฀against฀all฀amounts฀reasonably฀paid฀by฀them฀in฀settlement฀thereof฀or฀paid฀by฀them฀in฀
satisfaction฀of฀a฀judgment฀in฀any฀such฀action,฀suit฀or฀proceeding,฀if฀such฀members฀acted฀in฀good฀faith฀and฀in฀a฀
manner฀that฀they฀believed฀to฀be฀in,฀and฀not฀opposed฀to,฀the฀best฀interests฀of฀the฀Company.฀
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.฀