Tyson Foods 2014 Annual Report Download - page 215

Payment of the Disability Retirement Allowance shall commence as soon as practicable following the end of the
calendar year in which the Participant actually experiences a Separation from Service due to a Disability.
Notwithstanding the foregoing, an Active Participant who first commences, or an Inactive Participant who
recommences, participation in the Plan pursuant to Section 3.1 on or after July 1, 2014 shall not be eligible for a
Disability Retirement Allowance.”
8. By deleting, effective for Retired Participants commencing the payment of SERP retirement benefits on or after
January 1, 2015, Section 4.1(e) in its entirety and by substituting therefor the following:
“(
e) Payment of the Normal Retirement Allowance, Early Retirement Allowance or Disability Retirement
Allowance, as applicable, to a Participant who is otherwise entitled to such an allowance shall commence within the
first ninety (90) days of the calendar year immediately following the calendar year in which the Participant actually
experiences a Separation from Service and successive payments shall be made during the same ninety (90)-
day
period in each subsequent calendar year for as long as the annuity form of payment in effect under Section 5
requires.”
9. By adding, effective July 1, 2014, the following paragraph to the end of Section 4.2(a):
“
Notwithstanding the foregoing, the Normal Retirement Allowance of a Participant whose SERP retirement benefit
is calculated pursuant to this Section 4.2(a) and (A) who first commences participation in the Plan on or after July 1,
2014; or (B) who, as an Inactive Participant, recommences participation in the Plan on or after July 1, 2014 shall be
determined solely by the computation under Section 4.2(a)(1).”
10. By adding, effective July 1, 2014, the following paragraph to the end of Section 4.2(b):
“
Notwithstanding the foregoing, the Normal Retirement Allowance of a Participant whose SERP retirement benefit
is calculated pursuant to this Section 4.2(b) and (A) who first commences participation in the Plan on or after July 1,
2014; or (B) who, as an Inactive Participant, recommences participation in the Plan on or after July 1, 2014 shall be
determined solely by the computation under Section 4.2(b)(1).”
11. By deleting, effective July 1, 2014, Section 4.4 in its entirety and by substituting therefor the following:
“4.4 Amount of Disability Retirement Allowance
. The annual Disability Retirement Allowance under the
SERP for Participants who have a Nonforfeitable right to such an allowance pursuant to Section 4.1(c) shall be equal
to the sum of the amount described in Sections 4.2(a)(2) and 4.2(a)(3) or Sections 4.2(b)(2) and 4.2(b)(3), as
applicable, without regard to whether the Participant has twenty (20) years of Vesting Service. Notwithstanding the
foregoing, an Active Participant who first commences, or an Inactive Participant who recommences, participation in
the Plan pursuant to Section 3.1 on or after July 1, 2014 shall not be eligible for a Disability Retirement Allowance.”
12. By deleting, effective for Retired Participants commencing the payment of SERP retirement benefits on or after
January 1, 2015, Section 5 in its entirety and by substituting therefor the following:
5