KFT » Topics » Reimbursements and Provision of Benefits

These excerpts taken from the KFT 10-K filed Feb 27, 2009.

Reimbursements and Provision of Benefits

Payment of any reimbursement amounts and the provision of benefits by the Company pursuant to this letter (including any reimbursements or benefits to be provided pursuant to a severance arrangement) which the Company determines constitute nonqualified deferred compensation (within the meaning of Code section 409A) shall be subject to the following:

 

(a) the amount of the expenses eligible for reimbursement or the in-kind benefits provided during any calendar year shall not affect the amount of the expenses eligible for reimbursement or the in-kind benefits to be provided in any other calendar year;

 

(b) the reimbursement of an eligible expense will be made on or before the last day of the calendar year following the calendar year in which the expense was incurred; and

 

(c) your right to reimbursement or in-kind benefits is not subject to liquidation or exchange for any other benefit.”


The foregoing amendment is intended to conform the terms of the Letter to the final regulations issued under section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), but it shall not provide a basis for any action against the Company or any related company based on matters covered by section 409A of the Code.

Please signify your agreement with the terms of this amendment by signing this letter and returning it to my attention.

 

Sincerely yours,

/s/ Karen J. May

Karen J. May
Executive Vice President,
Human Resources
Acknowledged:

/s/ Irene Rosenfeld

Irene Rosenfeld

Reimbursements and Provision of
Benefits

Payment of any reimbursement amounts and the provision of benefits by the Company pursuant to this letter (including any reimbursements or
benefits to be provided pursuant to a severance arrangement) which the Company determines constitute nonqualified deferred compensation (within the meaning of Code section 409A) shall be subject to the following:

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 





(a)the amount of the expenses eligible for reimbursement or the in-kind benefits provided during any calendar year shall not affect the amount of the expenses eligible for
reimbursement or the in-kind benefits to be provided in any other calendar year;

 





(b)the reimbursement of an eligible expense will be made on or before the last day of the calendar year following the calendar year in which the expense was incurred; and

 





(c)your right to reimbursement or in-kind benefits is not subject to liquidation or exchange for any other benefit.”






The foregoing amendment is intended to conform the terms of the Letter to the final regulations issued under section 409A
of the Internal Revenue Code of 1986, as amended (the “Code”), but it shall not provide a basis for any action against the Company or any related company based on matters covered by section 409A of the Code.

STYLE="margin-top:12px;margin-bottom:0px">Please signify your agreement with the terms of this amendment by signing this letter and returning it to my attention.

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 




























Sincerely yours,

/s/ Karen J. May

Karen J. May
Executive Vice President,
Human Resources
Acknowledged:

/s/ Irene Rosenfeld

Irene Rosenfeld





EX-10.22
10
dex1022.htm
AMENDMENT TO OFFER OF EMPLOYMENT LETTER


Amendment to Offer of Employment Letter



Reimbursements and Provision of
Benefits

Payment of any reimbursement amounts and the provision of benefits by the Company pursuant to this letter (including any reimbursements or
benefits to be provided pursuant to a severance arrangement) which the Company determines constitute nonqualified deferred compensation (within the meaning of Code section 409A) shall be subject to the following:

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 





(a)the amount of the expenses eligible for reimbursement or the in-kind benefits provided during any calendar year shall not affect the amount of the expenses eligible for
reimbursement or the in-kind benefits to be provided in any other calendar year;

 





(b)the reimbursement of an eligible expense will be made on or before the last day of the calendar year following the calendar year in which the expense was incurred; and

 





(c)your right to reimbursement or in-kind benefits is not subject to liquidation or exchange for any other benefit.”






The foregoing amendment is intended to conform the terms of the Letter to the final regulations issued under section 409A
of the Internal Revenue Code of 1986, as amended (the “Code”), but it shall not provide a basis for any action against the Company or any related company based on matters covered by section 409A of the Code.

STYLE="margin-top:12px;margin-bottom:0px">Please signify your agreement with the terms of this amendment by signing this letter and returning it to my attention.

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 




























Sincerely yours,

/s/ Karen J. May

Karen J. May
Executive Vice President,
Human Resources
Acknowledged:

/s/ Irene Rosenfeld

Irene Rosenfeld





EX-10.22
10
dex1022.htm
AMENDMENT TO OFFER OF EMPLOYMENT LETTER


Amendment to Offer of Employment Letter



EXCERPTS ON THIS PAGE:

10-K (3 sections)
Feb 27, 2009

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