Tyson Foods 2014 Annual Report Download - page 213

Participant for as long as he or she thereafter was not a Contracted Officer, unless and until he or she returns to
Eligible Contracted Officer status within five (5) years from losing that status.
(d) Subject to approval by the Plan Administrator, a Participant may be granted additional years of Vesting
Service for purposes of determining benefits under the Plan. Additional service granted under provisions of an
individual agreement between the Company or any Affiliate and a Participant or under any severance plan or policy
of the Company covering the Participant shall also be included in determining Vesting Service, but only in
accordance with the specific terms of such provisions.”
4. By deleting, effective July 1, 2014, Section 3.2 in its entirety and by substituting therefor the following:
“3.2 Commencement of LIP Participation
. An Active Participant is eligible for LIP benefits if he or she
timely applies for and is issued a policy on his or her life of a type and by an insurer designated by the Plan
Administrator effective as of the date of coverage indicated by such policy. Notwithstanding the foregoing, an
Active Participant shall not be eligible for LIP benefits if he or she first commences, or an Inactive Participant
recommences, participation in the Plan pursuant to Section 3.1 on or after July 1, 2014.”
5. By deleting, effective July 1, 2014, Section 3.4 in its entirety and by substituting therefor the following:
“3.4 Termination of LIP Participation
. Except as provided in this Section 3.4, an Active Participant who is
otherwise eligible for LIP benefits shall remain a Participant under the LIP portion of the Plan through the policy
anniversary date immediately following his or her Separation from Service, unless:
(a) his or her otherwise Nonforfeitable benefits are forfeited pursuant to Section 8.5;
(b)
the policy issued to the Participant, as contemplated by Section 3.2, is surrendered,
modified or exchanged by the Participant or the Participant causes a diminution in the policy’
s cash
surrender value by withdrawing from, or borrowing against, the policy; or
(c)
the Participant refuses or neglects to cooperate with the Plan Sponsor in its efforts to
confirm whether any circumstances described in Section 3.4(b) exist.
When a Participant ceases to be an Active Participant but continues in the service of the Company or an
Affiliate, he or she shall cease to be a Participant under the LIP portion of the Plan as of the policy anniversary date
immediately following his or her change in status and shall have no rights to LIP benefits thereafter even if the
Participant re-commences participation as an Active Participant.
As a condition to participation, or continued participation, in the Plan, a Participant who is otherwise eligible
for LIP benefits shall be required to reimburse the Plan Sponsor for the reimbursable portion of any premium paid on
the policy issued to the Participant in connection
3