Company: BRID
Filing Date: 2025-02-27
Form Type: DEF 14A
Source: 0001493152-25-008406
Chunk: 39

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-02-27
Form: DEF 14A
Chunk 39
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 same form as the benefits would have been payable to the participant. No benefit will be payable to a participant’s beneficiary if the participant terminates employment with the Company before he is eligible for a retirement benefit and thereafter dies.

Disability Benefits: A disability benefit is the vested percentage of SERP benefit credited to a participant as of the date of disability.

The present value of accumulated plan benefits and payments made during fiscal year 2024 were as follows:

| Name                 |     | Present Value of Accumulated  Benefit (1) |           |     | Payments During Last Fiscal Year |   |
|:---------------------|:----|:------------------------------------------|----------:|:----|:---------------------------------|:--|
| William L. Bridgford |     | $                                         | 2,110,621 |     | $                                | - |
| John V. Simmons      |     | $                                         |         - |     | $                                | - |

| (1) | A                                                           
 5.16% discount rate was used to compute the present values. |

The following table estimates the present value of SERP benefits under different employment termination scenarios as of November 1, 2024:

| Name                     |     | Present Value of Benefit Upon Voluntary Termination of Employment (1) |           |     | Present Value of Benefit if Disabled (1) |           |     | Present Value of Benefit Upon Death(1) |           |     | Present Value of Benefit Upon Involuntary Termination of Employment due to Sale/Merger/ Acquisition (1) |           |
|:-------------------------|:----|:----------------------------------------------------------------------|----------:|:----|:-----------------------------------------|----------:|:----|:---------------------------------------|----------:|:----|:--------------------------------------------------------------------------------------------------------|----------:|
| William L. Bridgford (2) |     | $                                                                     | 2,110,621 |     | $                                        | 2,110,621 |     | $                                      | 2,110,621 |     | $                                                                                                       | 2,110,621 |
| John V. Simmons          |     | $                                                                     |         - |     | $                                        |         - |     | $                                      |         - |     | $                                                                                                       |         - |

| (1) | In                                                                                                                                      
 each scenario above, the benefit amount shown is calculated on November 1, 2024. A 5.16% discount rate was used to compute the present  
 values. In the case