Document:

EX-10(A)(XXVII)

 

Exhibit 10(a)(xxvii)

Named Executive Officer Compensation

	 	 	 	 	 
	Name	 	Effective 7/1/06
	William R. Johnson
	 	 	1,050,000	 
	Chairman,
President, and

Chief Executive Officer
	 	 	 	 
	 
	 	 	 	 
	Jeffrey P. Berger
	 	 	540,750	 
	Executive Vice President –

Global Foodservice and

CEO- Heinz North America

Foodservice
	 	 	 	 
	 
	 	 	 	 
	Michael D. Milone
	 	 	436,800	 
	Senior Vice President –

Heinz Australia, New

Zealand and Rest of World
	 	 	 	 
	 
	 	 	 	 
	David C. Moran
	 	 	551,250	 
	Executive Vice President &

Chief Executive Officer of

Heinz North America

Consumer Products
	 	 	 	 
	 
	 	 	 	 
	C. Scott O’Hara
	 	 	525,000	 
	Executive Vice President –

President and Chief

Executive Officer Heinz

Europe
	 	 	 	 
	 
	 	 	 	 
	Arthur B. Winkleblack
	 	 	546,000	 
	Executive Vice President

and Chief Financial OfficerEX-10(A)(XXXV)

 

Exhibit 10(a)(xxxv)

AMENDED
AND RESTATED

H. J. HEINZ COMPANY GLOBAL

STOCK PURCHASE PLAN

 

 

AMENDED
AND RESTATED

H. J. HEINZ COMPANY

GLOBAL

STOCK PURCHASE PLAN

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	I.
	 	Purpose	 	 	1	 
	 
	 	 	 	 	 	 
	2.
	 	Definitions	 	 	1	 
	 
	 	 	 	 	 	 
	3.
	 	Eligibility	 	 	3	 
	 
	 	 	 	 	 	 
	4.
	 	Participation and Withdrawal	 	 	3	 
	 
	 	 	 	 	 	 
	5.
	 	Offering	 	 	5	 
	 
	 	 	 	 	 	 
	6.
	 	Purchase of Stock	 	 	7	 
	 
	 	 	 	 	 	 
	7.
	 	Payment and Delivery	 	 	7	 
	 
	 	 	 	 	 	 
	8.
	 	Recapitalization	 	 	7	 
	 
	 	 	 	 	 	 
	9.
	 	Merger, Liquidation, Other Corporation Transactions	 	 	8	 
	 
	 	 	 	 	 	 
	10.
	 	Transferability	 	 	8	 
	 
	 	 	 	 	 	 
	11.
	 	Amendment or Termination of the Plan	 	 	8	 
	 
	 	 	 	 	 	 
	12.
	 	Administration	 	 	9	 
	 
	 	 	 	 	 	 
	13.
	 	Committee Rules for Foreign Jurisdictions	 	 	10	 
	 
	 	 	 	 	 	 
	14.
	 	Securities Laws Requirements	 	 	10	 
	 
	 	 	 	 	 	 
	15.
	 	Government Regulations	 	 	10	 
	 
	 	 	 	 	 	 
	16.
	 	No Enlargement of Employee Rights	 	 	10	 
	 
	 	 	 	 	 	 
	17.
	 	Governing Law	 	 	11	 
	 
	 	 	 	 	 	 
	18.
	 	Effective Date 	 	 	11	 

 

 

AMENDED
AND RESTATED

H. J. HEINZ COMPANY

GLOBAL

STOCK PURCHASE PLAN

	1.	 	PURPOSE.

     The purpose of this Plan is to provide an opportunity for Employees of H. J. Heinz Company
(the “Corporation”) and its Designated Affiliates, to purchase Common Stock of the Corporation and
thereby to have an additional incentive to contribute to the prosperity of the Corporation. It is
not the intention of the Corporation that the Plan qualify as an “Employee Stock Purchase Plan”
under section 423 of the Internal Revenue Code of 1986, as amended (the “Code”). In addition, this
Plan authorizes the grant of options and issuance of Common Stock pursuant to sub-plans adopted by
the Committee designed to achieve desired tax or other objectives in particular locations outside
the United States.

	2.	 	DEFINITIONS.

     (a) “Affiliate” shall mean (i) any parent corporation or subsidiary corporation of the
Corporation, as those terms are defined in Sections 424(e) and (f), respectively, of the Code and
(ii) any other entity (whether or not a corporation for tax or local law purposes) in which the
Corporation has an equity interest.

     (b) “Board” shall mean the Board of Directors of the Corporation.

     (c) “Code” shall mean the Internal Revenue Code of 1986, of the U.S.A., as amended.

     (d) “Committee” shall mean the committee appointed by the Board in accordance with
Section 12 of the Plan.

     (e) “Common Stock” shall mean the Common Stock of the Corporation, or any stock into
which such Common Stock may be converted.

     (f) “Compensation” shall mean an Employee’s total cash compensation including variable
and non-variable cash compensation, paid on account of personal services rendered by the Employee
to the Corporation or a Designated Affiliate, plus pre-tax contributions of the Employee which are
part of deferred compensation or benefit plans maintained by the Corporation or a Designated
Affiliate, with any modifications determined by the Committee. The Committee shall have the
authority to determine and

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approve all forms of compensation (such as commissions) to be included
in the definition of compensation and may change the definition on a prospective basis.

     (g) “Corporation” shall mean H. J. Heinz Company, a Pennsylvania corporation.

     (h) “Designated Affiliate” shall mean any Affiliate which has been designated by the
Committee as eligible to participate in the Plan with respect to its Employees.

     (i) “Employee” shall mean an individual classified as an employee by the Corporation
or a Designated Affiliate on the payroll records of the Corporation or the Designated Affiliate
during the relevant participation period.

     (j) “Offering Date” shall mean the first business day of each Purchase Period.

     (k) “Fair Market Value” shall mean the value of one (1) share of Common Stock on the
relevant date, determined as follows:

          (1) If the shares are traded on an exchange, the reported “closing price” on the trading day
which precedes the relevant day (e.g., the Offering Date or Purchase Date);

          (2) If (1) does not apply, the fair market value as determined by the Committee in good
faith. Such determination shall be conclusive and binding on all persons.

     (l) “Participant” shall mean a participant in the Plan as described in Section 4 of
the Plan.

     (m) “Plan” shall
mean this Amended
and Restated H. J. Heinz Company Global Stock Purchase Plan.

     (n) “Purchase Date” shall mean the last business day of each Purchase Period.

     (o) “Purchase Period” shall mean a three-month, six-month or other period as
determined by the Committee. The first Purchase Period shall commence on the Plan’s Effective
Date. Subsequent Purchase Periods, if any, shall run consecutively after the termination of the
preceding Purchase Period.

     (p) “Shareholder” shall mean a record holder of shares entitled to vote shares of
Common Stock under the Corporation’s by-laws.

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	3.	 	ELIGIBILITY.

     Any Employee regularly employed on a full-time or part-time basis by the Corporation or by a
Designated Affiliate on an Offering Date shall be eligible to participate in the Plan with
respect to the Purchase Period commencing on such Offering Date, provided that the Committee may
establish administrative rules requiring that employment commence some minimum period (e.g., one
month’s employment) prior to an Offering Date for the Employee to be eligible to participate with
respect to the Purchase Period beginning on that Offering Date and provided further that (1) the
Committee may exclude part-time employees from participation pursuant to criteria and procedures
established by the Committee and (2) the Committee may impose an eligibility period on
participation of up to two years employment with the Corporation and/or a Designated Affiliate
with respect to participation on any prospective Offering Date. The Board also may determine
that a designated group of highly compensated Employees are ineligible to participate in the Plan
so long as the excluded category fits within the definition of “highly compensated employee” in
Code section 414(g). An Employee shall be considered employed on a full-time basis unless his or
her customary employment is less than 20 hours per week or five months per year. Employees whose
employment terms are covered by a collective bargaining agreement are ineligible to participate
in the Plan unless the collective bargaining agreement specifically provides for participation in
this Plan. The Board may impose restrictions on eligibility and participation of Employees who
are officers and directors to facilitate compliance with federal or state securities laws,
foreign laws, stock exchange requirements or U.S. accounting rules.

	4.	 	PARTICIPATION AND WITHDRAWAL.

     4.1 An Employee who is eligible to participate in the Plan in accordance with Section 3 may
become a Participant by filing, on a date prescribed by the Committee prior to an applicable
Offering Date, a completed payroll deduction authorization and Plan enrollment form provided by
the Corporation or by following an electronic or other enrollment process as prescribed by the
Committee. Participation may be conditioned on an eligible Employee’s consent to transfer and
process personal data and on acknowledgment and agreement to Plan terms and other specified
conditions. An eligible Employee may authorize payroll deductions at the rate of any whole
percentage of the Employee’s base salary, not to exceed fifteen percent (15%) of the Employee’s
Compensation, or such greater percentage, as specified by the Committee, as applied to a Purchase
Period. The Committee may provide for a separate election (of a different percentage) for a
specified item or items of Compensation, including specified bonus payments, if any. All payroll
deductions may be held by the Corporation and commingled with its other corporate funds. No
interest shall be paid or credited to the Participant with respect to such payroll deductions
except where required by local law as determined by the Committee. A separate bookkeeping
account for each

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Participant shall be maintained by the Corporation under the Plan and the amount
of each Participant’s payroll deductions shall be credited to such account. A Participant may
not make any additional payments into such account. Payroll deductions made with respect to
employees paid in currencies other than U.S. dollars shall be converted to U.S. dollars as of
each Purchase Date using the then applicable exchange rate, as determined by the Committee;
provided, however, that the Committee may determine, with respect to any Purchase Period, that
payroll deductions shall be converted to U.S. dollars based on an average or median exchange rate
applicable for the relevant Purchase Period.

     4.2 A Participant may decrease his or her rate of payroll deductions at any time unless
other procedures are prescribed by the Committee. A Participant may increase his or her rate of
payroll deductions only effective on the first payroll date following the next Purchase Date by
filing a new payroll deduction authorization and Plan enrollment form or by following electronic
or other procedures prescribed by the Committee. If a Participant has not followed such
procedures to change the rate of payroll deductions, the rate of payroll deductions shall
continue at the originally elected rate throughout the Purchase Period and future Purchase
Periods unless the Committee determines to change the maximum permissible rate.

     4.3 (a) Under procedures established by the Committee, a Participant may discontinue
participation in the Plan at any time during a Purchase Period by completing and filing a new
payroll deduction authorization and Plan enrollment form with the Corporation or by following
electronic or other procedures prescribed by the Committee. If a Participant has not followed
such procedures to discontinue the payroll deductions, the rate of payroll deductions shall
continue at the originally elected rate throughout the Purchase Period and future Purchase
Periods unless the Committee determines to change the maximum permissible rate.

          (b) If a Participant discontinues participation during a Purchase Period, his or her
accumulated payroll deductions will remain in the Plan for purchase of shares as specified in
Section 6 on the following Purchase Date, but the Participant will not again participate until he
or she re-enrolls in the Plan. Alternatively, participants may request a cash distribution of
monies accumulated but not yet distributed by following such procedures, electronic or otherwise,
as specified by the Committee. The Committee may establish rules limiting the frequency with
which Participants may discontinue and resume payroll deductions under the Plan and may impose a
waiting period on Participants wishing to resume payroll deductions following discontinuance.
The Committee also may change the rules regarding discontinuance of participation or changes in
participation in the Plan.

          (c) In the event any Participant terminates employment with the Corporation or any
Designated Affiliate for any reason (including death) prior to the expiration of a Purchase
Period, the Participant’s participation in the Plan shall terminate

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and all amounts credited to
the Participant’s account shall be paid to the Participant or the Participant’s estate without
interest (except where required by local law). Whether a termination of employment has occurred
shall be determined by the Committee. The
Committee also may establish rules regarding when leaves of absence or change of employment
status (e.g., from full-time to part-time, transfer to an Affiliate which is not a Designated
Affiliate) will be considered to be a termination of employment, and the Committee may establish
termination of employment procedures for this Plan which are independent of similar rules
established under other benefit plans of the Corporation and its Affiliates. In the event of a
Participant’s death, any accumulated payroll deductions will be paid, without interest, to the
estate or legal representative of the Participant.

	5.	 	OFFERING.

     5.1 The maximum number of shares of Common Stock which may be issued pursuant to the Plan
shall be 3,000,000 shares.

     5.2 Each Purchase Period shall be determined by the Committee. Unless otherwise determined
by the Committee, the Plan will operate with successive semi-annual Purchase Periods commencing
at the Plan Effective Date. The Committee shall have the power to change the duration of future
Purchase Periods, without shareholder approval, and without regard to the expectations of any
Participants.

     5.3 With respect to each Purchase Period, each eligible Employee who has elected to
participate as provided in Section 4.1 shall be granted an option to purchase the number of
shares of Common Stock which may be purchased with the payroll deductions accumulated in an
account maintained on behalf of such Employee (assuming payroll deductions at a rate of 15% of
base salary or such greater percentage of base salary as determined by the Committee) during each
Purchase Period at the purchase price specified in Section 5.4 below. Each eligible employee is
subject to a limit of $25,000 for purchases during a calendar year.

     5.4 The option price under each option shall be (not less than eighty-five percent (85%))
established by the Committee (“Designated Percentage”) of the Fair Market Value (as defined in
Section 2(k)) of the Common Stock on the Purchase Date on which the Common Stock is purchased.
The Committee may change the Designated Percentage with respect to any future Purchase Period,
but not below eighty-five percent (85%), and the Committee may determine with respect to any
prospective Purchase Period that the option price shall be the Designated Percentage of the Fair
Market Value of the Common Stock on the Purchase Date.

	6.	 	PURCHASE OF STOCK.

     Upon the expiration of each Purchase Period, a Participant’s option shall be exercised
automatically for the purchase of that number of full and fractional shares of

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Common Stock which
the accumulated payroll deductions credited to the Participant’s account at that time shall
purchase at the applicable price specified in Section 5.4.

	7.	 	PAYMENT AND DELIVERY.

     Upon the exercise of an option on each Purchase Date, the Corporation shall deliver (by
electronic or other means) to the Participant a record of the Common Stock purchased, except as
specified below. The Committee may permit or require that shares be deposited directly with a
broker designated by the Committee (or a broker selected by the Committee) or to a designated
agent of the Company, and the Committee may utilize electronic or automated methods of share
transfer. The Committee may require that shares be retained with such broker or agent for a
designated period of time (and may restrict dispositions during that period) and/or may establish
other procedures to permit tracking of such shares or to restrict transfer of such shares. The
Committee may require that shares purchased under the Plan shall automatically participate in a
dividend reinvestment plan or program maintained by the Corporation. The Corporation shall
retain the amount of payroll deductions used to purchase Common Stock as full payment for the
Common Stock and the Common Stock shall then be fully paid and non-assessable. No Participant
shall have any voting, dividend, or other shareholder rights with respect to shares subject to
any option granted under the Plan until the shares subject to the option have been purchased and
delivered to the Participant as provided in Section 7.

	8.	 	RECAPITALIZATION.

     8.1 If after the grant of an option, but prior to the purchase of Common Stock under the
option, there is any increase or decrease in the number of outstanding shares of Common Stock
because of a stock split, stock dividend, combination or recapitalization of shares subject to
options, the number of shares to be purchased pursuant to an option, the share limit of Section
5.3 and the maximum number of shares specified in Section 5.1 shall be proportionately increased
or decreased, the terms relating to the purchase price with respect to the option shall be
appropriately adjusted by the Board, and the Board shall take any further actions which, in the
exercise of its discretion, may be necessary or appropriate under the circumstances.

     8.2 The Board, if it so determines in the exercise of its sole discretion, also may adjust
the number of shares specified in Section 5.1, as well as the price per share of Common Stock
covered by each outstanding option and the maximum number of shares subject to any individual
option, in the event the Corporation effects one or more reorganizations, recapitalizations,
spin-offs, split-ups, rights offerings or reductions of shares of its outstanding Common Stock.

     8.3 The Board’s determinations under this Section 8 shall be conclusive and binding on all
parties.

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	9.	 	MERGER, LIQUIDATION, OTHER CORPORATION TRANSACTIONS.

     9.1 In the event of the proposed liquidation or dissolution of the Corporation, the Purchase
Period then in progress will terminate immediately prior to the consummation of such proposed
liquidation or dissolution, unless otherwise provided by the Board in its sole discretion, and
all outstanding options shall automatically terminate and the amounts of all payroll deductions
will be refunded without interest to the Participants.

     9.2 In the event of a proposed sale of all or substantially all of the assets of the
Corporation, or the merger or consolidation of the Corporation with or into another corporation,
then in the sole discretion of the Board, (1) each option shall be assumed or an equivalent
option shall be substituted by the successor corporation or parent or subsidiary of such
successor corporation, (2) a date established by the Board on or before the date of consummation
of such merger, consolidation or sale shall be treated as an Exercise Date, and all outstanding
options shall be deemed exercisable on such date or (3) all outstanding options shall terminate
and the accumulated payroll deductions shall be returned to the Participants, without interest.

	10.	 	TRANSFERABILITY.

     Options granted to Participants may not be voluntarily or involuntarily assigned,
transferred, pledged, or otherwise disposed of in any way, and any attempted assignment,
transfer, pledge, or other disposition shall be null and void and without effect. If a
Participant in any manner attempts to transfer, assign or otherwise encumber his or her rights or
interest under the Plan, other than as permitted by the Code, such act shall be treated as an
election by the Participant to discontinue participation in the Plan pursuant to Section 4.2.

	11.	 	AMENDMENT OR TERMINATION OF THE PLAN.

     11.1 The Plan shall continue until September 14, 2009, unless previously terminated in
accordance with Section 11.2.

     11.2 The Board may, in its sole discretion, insofar as permitted by law, terminate or
suspend the Plan, or revise or amend it in any respect whatsoever, except that, without approval
of the shareholders, no such revision or amendment shall:

          (a) materially increase the number of shares subject to the Plan, other than an adjustment
under Section 8 of the Plan;

          (b) materially modify the requirements as to eligibility for participation in the Plan,
except as otherwise specified in this Plan;

7

 

          (c) materially increase the benefits accruing to Participants;

          (d) reduce the purchase price specified in Section 5.4, except as specified in Section 8;

          (e) extend the term of the Plan beyond the date specified in Section 11.1; or

          (f) amend this Section 11.2 to defeat its purpose.

	12.	 	ADMINISTRATION.

     The Board shall appoint a Committee consisting of at least two members who will serve for
such period of time as the Board may specify and who may be removed by the Board at any time.
The Committee will have the authority and responsibility for the day-to-day administration of the
Plan, the authority and responsibility specifically provided in this Plan and any additional
duties, responsibility and authority delegated to the Committee by the Board, which may include
any of the functions assigned to the Board in this Plan. The Committee may delegate to one or
more individuals the day-to-day administration of the Plan. The Committee shall have full power
and authority to promulgate any rules and regulations which it deems necessary for the proper
administration of the Plan, to interpret the provisions and supervise the administration of the
Plan, to make factual determinations relevant to Plan entitlements, to adopt sub-plans applicable
to specified Affiliates or locations and to take all action in connection with administration of
the Plan as it deems necessary or advisable, consistent with the delegation from the Board.
Decisions of the Board and the Committee shall be final and binding upon all participants. Any
decision reduced to writing and signed by a majority of the members of the Committee shall be
fully effective as if it had been made at a meeting of the Committee duly held. The Corporation
shall pay all expenses incurred in the administration of the Plan. No Board or Committee member
shall be liable for any action or determination made in good faith with respect to the Plan or
any option granted thereunder.

	13.	 	COMMITTEE RULES FOR FOREIGN JURISDICTIONS.

     13.1 The Committee may adopt rules or procedures relating to the operation and
administration of the Plan to accommodate the specific requirements of local laws and procedures.
Without limiting the generality of the foregoing, the Committee is specifically authorized to
adopt rules and procedures regarding handling of payroll deductions, payment of interest,
conversion of local currency, payroll tax, withholding procedures and handling of stock
certificates which vary with local requirements.

8

 

     13.2 The Committee may also adopt sub-plans applicable to particular Affiliates or
locations. The rules of such sub-plans may take precedence over other provisions of this Plan,
with the exception of Section 5.1, but unless otherwise
superseded by the terms of such sub-plan, the provisions of this Plan shall govern the operation
of such sub-plan.

	14.	 	SECURITIES AND EXCHANGE CONTROL LAWS REQUIREMENTS.

     The Corporation shall not be under any obligation to issue Common Stock upon the exercise of
any option unless and until the Corporation has determined that: (i) it and the Participant have
taken all actions required to register the Common Stock under the Securities Act of 1933, or to
perfect an exemption from the registration requirements thereof; (ii) any applicable listing
requirement of any stock exchange on which the Common Stock is listed has been satisfied; and
(iii) all other applicable provisions of state, federal and applicable foreign law have been
satisfied.

	15.	 	GOVERNMENTAL REGULATIONS.

     This Plan and the Corporation’s obligation to sell and deliver shares of its stock under the
Plan shall be subject to the approval of any governmental authority required in connection with
the Plan or the authorization, issuance, sale, or delivery of stock hereunder.

	16.	 	NO ENLARGEMENT OF EMPLOYEE RIGHTS.

     Nothing contained in this Plan shall be deemed to give any Employee the right to be retained
in the employ of the Corporation or any Designated Affiliate or to interfere with the right of
the Corporation or Designated Affiliate to discharge any Employee at any time. It is not
intended that any rights or benefits provided under this Plan shall be considered part of normal
or expected compensation for purposes of calculating any severance, resignation, redundancy, end
of service payments, bonuses, long service awards, pension, retirement or similar payments.

	17.	 	GOVERNING LAW.

     This Plan shall be governed by Pennsylvania law.

	18.	 	EFFECTIVE DATE.

     This Plan shall be effective September 15, 1999, subject to approval of the shareholders of
the Corporation at the annual meeting on September 9, 1999.

9

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