Company: KHC
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001308179-25-000266
Chunk: 34

Company: Kraft Heinz Co
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 34
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 of her actual performance for 2024 and in consideration for her remaining as an advisor and agreeing to restrictive covenants pursuant to a separation agreement, Ms. La Lande received a pro-rata payment of her annual bonus in the amount of $290,999 under the Company’s Performance Bonus Plan. In addition, matching restricted stock units (“RSUs”) that Ms. La Lande received from participating in the Company’s Bonus Investment Plan and dividend equivalent units accrued on such RSUs, which would otherwise vest three years after grant, vested pro rata at 33% for her 2023 grant and 66% for her 2022 grant in the amount of $718,964. |                                                                                                                                                |

| 2025 Proxy Statement | 83 |

| Company  
 Overview |     | Voting  
 Roadmap |     | Stockholder 
 Engagement  |     | Our   
 Board |     | Governance |     | Director     
 Compensation |     | Beneficial 
 Ownership  |     | Executive    
 Compensation |     | Audit   
 Matters |     | Stockholder 
 Proposals   |     | Other       
 Information |     | Appendix A. 
 Non-GAAP    |

SEVERANCE PAY PLAN Effective January 1, 2023, the Board approved The Kraft Heinz Company Amended & Restated Severance Pay Plan for Salaried Employees (the “Severance Plan”). Under the Severance Plan, salaried employees, including the CEO and the other NEOs, who experience a qualifying termination will be eligible to receive severance payments and benefits as follows:

| ● | Severance pay equal to 24 months of base salary for the CEO and 18 months of base salary for senior                          
 executives, as defined in the plan;                                                                                          |
| ● | Health and welfare benefits continued for 24 months following the qualifying termination for the CEO and 18 months following 
 the qualifying termination for senior executives, as defined in the Severance Plan;                                          |
| ● | Outplacement services to assist covered employees with their transition to new employment; and                               |
| ● | Vesting (including acceleration of vesting) of outstanding equity awards in accordance with the terms of the applicable      
 award agreement and plan.                                                                                                    |

In order to receive severance payments and benefits under the Severance Plan, recipients must agree to a non-revocable release of claims and continued compliance with restrictive covenants, including non-competition and non-solicitation obligations. CHANGE IN CONTROL SEVERANCE PLAN For more information regarding the C