Pizza Hut 2012 Annual Report Download - page 91

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YUM! BRANDS, INC.-2013Proxy Statement A-9
Proxy Statement
APPENDIX
in which at least a fi fty percent voting or profi ts interest is
owned, directly or indirectly, by the Company (or by any
entity that is a successor to the Company), and any other
business venture designated by the Committee in which the
Company (or any entity that is a successor to the Company)
has a signifi cant interest, as determined in the discretion of
the Committee; provided, however, that except for options
and SARs designated as intended to be subject to Code
section 409A, options and SARs shall not be granted to
employees or directors of Subsidiaries unless the ownership
of the Subsidiary satisfi es Treas. Reg. §1.409A-1(b)(5)(iii).
(i) Stock. The term “Stock” shall mean shares of common stock
of the Company.