Document:

exhibit1014.htm

    Promissory
      Note

     

    $20,014,294.00

    

                                                                                                                        September
      1,
      2007

    

        FOR
      VALUE
      RECEIVED, SAC Holding Corporation, a Nevada corporation ("Borrower"), hereby
      promises to pay to the order of U-Haul International, Inc., a Nevada corporation
      (together with any and all of its successors and assigns and/or any other holder
      of this Note, "Lender"), without offset, in immediately available funds in
      lawful money of the United States of America, at 2727 North Central Avenue,
      Phoenix, Arizona    85004, the principal sum of twenty
      million fourteen thousand two hundred ninety four and no/l00ths Dollars
      ($20,014,294.00) (or the unpaid balance of all principal advanced against this
      Note, if that amount is less), together with interest on the unpaid principal
      balance of this Note from day to day outstanding as hereinafter
      provided.

     

        Section
      1    Payment Schedule
      and Maturity Date.

     

         Commencing
      as
      of September 1, 2007 ("Interest Commencement Date"), through March 15, 2019
      (the
      "Maturity Date"), Borrower shall make monthly payments to Lender of
      interest only hereunder. Interest shall accrue hereunder, commencing only as
      of
      the Interest Commencement Date, at the Stated Rate (as hereinafter refined).
      There shall be no principal payment obligations hereunder, except at the
      Maturity Date. There shall be no interest payments due, and no interest shall
      accrue hereunder, until the Interest Commencement Date. All payments hereunder
      of interest shall be in arrears and shall be made on the first day of each
      month, and continuing on the 1st day of each succeeding month through and
      including the Maturity Date.  The entire principal balance of this
      Note then unpaid, together with all accrued and unpaid interest, and all other
      amounts payable hereunder, shall be due and payable in full on the Maturity
      Date.

     

        Section
      2    Interest Rate;
      Deferral of Portion of Interest.  (a)    The
      unpaid principal balance of thisNote from day to day outstanding, which is
      not
      past due, shall bear interest at a fixed rate of nine percent
      (9%)    (the "Stated Rate").  Interest shall be
      computed for the actual number of days which have elapsed, on the basisof a
      365-day year.

     

        (b)
      If any
      amount payable by Borrower hereunder is not paid when due (without regard to
      anyapplicable grace periods), such amount shall thereafter bear interest at
      a
      fixed rate of the then-applicable Stated Rate plus two percent (the
      "Past Due Rate") per annum, to the fullest extent permitted by applicable
      law.

     

        Section
      3    Prepayment.
      Borrower shall have the right to prepay the principal balance of this Note,
      in
      full at any time or in part from time to time, without fee, premium or penalty
      of any nature or kind whatsoever.

    

        Section
      4    Certain Provisions
      Regarding Payments. All payments made under this Note shall be applied, to
      the extent thereof to accrued but unpaid interest, to unpaid principal, and
      to
      any other sums due and unpaid to Lender under this Note in such manner and
      order
      as Lender may elect.  Remittances shall be made without offset,
      demand, counterclaim, deduction, or recoupment (each of which is hereby waived)
      and shall be accepted subject to the condition that any check or draft may
      be
      handled for collection in accordance with the practice of the
      collecting

     

    
 

    
      
        
        

      

      
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          1

        
          

        

      

      
        
        

      

    

     

    bank
      or
      banks. Acceptance by Lender of any payment in an amount less than the amount
      then due on anyindebtedness shall be deemed an acceptance on account only,
      notwithstanding any notation on or accompanyingsuch partial payment to the
      contrary, and shall not in any way (a) waive or excuse the existence of an
      Event
      ofDefault, (b) waive, impair or extinguish any right or remedy available to
      Lender hereunder, or ( c) waive therequirement of punctual payment and
      performance or constitute a novation in any respect. Whenever any payment under
      this Note falls due on a day which is not a business day, such payment may
      be
      made on the nextsucceeding business day.

     

        Section
      5    Events of
      Default. The occurrence of anyone or more of the following shall constitute
      an"Event of Default" under this Note:

     

            (a)
      Borrower fails to
      pay when and as due and payable any amounts payable by Borrower toLender under
      the terms of this Note and such failure continues for one-hundred and eighty
      (180) calendar days after Borrower's receipt of written notice from Lender
      of
      its failure to pay such amounts and Lender determines in its sole discretion
      that there is no reasonable likelihood that Borrower will cure such failure
      within a reasonable period of time thereafter.

    
        (b)
      Any other
      covenant, agreement or condition in this Note is not fully and timely performed,
      observed or kept, and such failure to perform, observe or keep continues for
      thirty (30) days after Borrower's receipt of written notice from Lender of
      its
      failure to so perform.

            

            (c)
      The Borrower
      files a bankruptcy petition, a bankruptcy petition is filed against any of
      theforegoing parties, or the Borrower makes a general assignment for the benefit
      of creditors.

     

       
      (d) A receiver or similar official is appointed for a substantial portion of
      the
      Borrower's business, or the business is terminated, or, the Borrower is
      liquidated or dissolved.

     

        Section 6    Remedies.
      Upon
      the occurrence of an Event of Default, Lender may at any time thereafter
      exercise anyone or more of the following rights, powers and
      remedies:

     

        (a)
      Lender may accelerate the maturity date and declare the unpaid principal balance
      and accruedbut unpaid interest on this Note, and all other amounts payable
      hereunder, at once due and payable, andupon such declaration the same shall
      at
      once be due and payable.

     

       
      (b) Lender may set off the amount due against any and all accounts, credits,
      money, securities or other property now or hereafter on deposit with, held
      by or
      in the possession of Lender to the credit or for the account of Borrower,
      without notice to or the consent of Borrower.

     

       
      (c) Lender may exercise any of its other rights, powers and remedies at law
      or
      in equity.

     

        Section 7    Remedies
      Cumulative. All of the rights and remedies of Lender under this Note
      arecumulative of each other and of any and all other rights at law or in equity,
      and the exercise by Lender of any oneor more of such rights and remedies shall
      not preclude the simultaneous or later exercise by Lender of any or allsuch
      other rights and remedies. No single or partial exercise of any right or remedy
      shall exhaust it or preclude any other or further exercise thereof, and every
      right and remedy may be exercised at any time and from time to
      time.

    
 

    
      
        
        

      

      
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          2

        
          

        

      

      
        
        

      

    

     

    No
      failure by Lender to exercise, nor delay in exercising, any right or remedy
      shall operate as a waiver of such right or remedy or as a waiver of any Event
      of
      Default.

     

        Section 8     Costs
      and
      Expenses of Enforcement. Borrower agrees to pay to Lender on demand all
      costs and expenses incurred by Lender in seeking to collect this Note, including
      court costs and reasonable out-of-pocket attorneys' fees and expenses, whether
      or not suit is filed hereon, or whether in connection with bankruptcy,insolvency
      or appeal.

     

        Section 9    Heirs.
      Successors and Assigns. The terms of this Note shall bind and inure to the
      benefit of the representatives, successors and assigns of the
      parties.

     

        Section 10    General
      Provisions. Time is of the essence with respect to Borrower's obligations
      under this Note. Borrower hereby (a) waives demand, presentment for payment,
      notice of dishonor and of nonpayment,protest, notice of protest, notice of
      intent to accelerate, notice of acceleration and all other notices (except
      anynotices which are specifically required by this Note) or filing of suit
      and
      diligence in collecting this Note, consentto any extensions or postponements
      of
      time of payment of this Note for any period or periods of time and to anypartial
      payments, before or after maturity, and to any other indulgences with respect
      hereto, without notice thereofto any of them; (b) submits (and waives all rights
      to object) to non-exclusive personal jurisdiction of any state orfederal court
      sitting in the state and county in which payment of this Note is to be made
      for
      the enforcement of any and all obligations under this Note; and ( c) waive
      the
      benefit of all homestead and similar exemptions as to this Note. A determination
      that any provision of this Note is unenforceable or invalid shall not affect
      the
      enforceability or validity of any other provision and the determination that
      the
      application of any provision of this Note to any person or circumstance is
      illegal or unenforceable shall not affect the enforceability or validity of
      such
      provision as it may apply to other persons or circumstances. This Note may
      not
      be amended except in a writing specifically intended for such purpose and
      executed by the party against whom enforcement of the amendment is
      sought.  Captions and headings in this Note are for convenience only
      and shall be disregarded in construing it. This Note and its validity,
      enforcement and interpretation shall be governed by the laws of the state in
      which payment of this Note is to be made (without regard to any principles
      of
      conflicts of laws) and applicable United States federal law. Whenever a time
      of
      day is referred to herein, unless otherwise specified such time shall be the
      local time of the place where payment of this Note is to be made. The term
      "Business Day" shall mean a day on which U.S. banks are open for the conduct
      of
      substantially all of their banking business in the city in which this Note
      is
      payable (excluding Saturdays and Sundays). The words "include" and "including"
      shall be interpreted as if followed by the words "without
      limitation."

     

        Section
      11    Notices. Any
      notice, request, or demand to or upon Borrower or Lender shall be deemed to
      have
      been properly given or made when delivered in writing to the intended recipient
      at the address specifiedbelow or, as to any party hereto, at such other address
      as shall be designated by such party in a notice to eachother party hereto.
      Except as otherwise provided in this Notice, all such communications shall
      be
      deemed to have been duly given when transmitted by telecopier or personally
      delivered or, in the case of a mailed notice, upon receipt. Notice addresses
      for
      Lender and Borrower are as follows:

     

        If
      to
      Lender:

     

        U-Haul
      International, Inc.

        2727
      N.
      Central Avenue

        Phoenix,
      AZ
      85004

        Attn:
      Jason
      Berg

     

    
      
        
        

      

      
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          3

        
          

        

      

      
        
        

      

    

     

        If
      to
      Borrower:

     

        SAC
      Holding
      Corporation/SAC Financial Corporation

        c/o
      Five SAC
      Self-Storage Corporation

        715
      South
      Country Club Drive

        Mesa,
      AZ
      85210

        Attn:
      Bruce
      Brockhagen

    

        Section
      12    No
      Usury. It is expressly stipulated and agreed to be the intent of Borrower
      and Lender at all times to comply with applicable state law or applicable United
      States federal law (to the extent that it permits Lender to contract for,
      charge, take, reserve, or receive a greater amount of interest than under state
      law) and that this Section shall control every other covenant and agreement
      in
      this Note. If applicable state or federal lawshould at any time be judicially
      interpreted so as to render usurious any amount called for under this Note
      orcontracted for, charged, taken, reserved, or received with respect to the
      Loan, or if Lender's exercise of theoption to accelerate the maturity date,
      or
      if any prepayment by Borrower results in Borrower having paid anyinterest in
      excess of that permitted by applicable law, then it is Lender's express intent
      that all excess amountstheretofore collected by Lender shall be credited on
      the
      principal balance of this Note and the provisions of thisNote shall immediately
      be deemed reformed and the amounts thereafter collectible hereunder and
      thereunder reduced, without the necessity of the execution of any new documents,
      so as to comply with the applicable law, but so as to permit the recovery of
      the
      fullest amount otherwise called for hereunder or thereunder. All sums paid
      or
      agreed to be paid to Lender for the use or forbearance of the Loan shall, to
      the
      extent permitted by applicable law, be amortized, prorated, allocated, and
      spread throughout the full stated term of the Loan.

     

        IN
      WITNESS
      WHEREOF, Borrower has duly executed this Note as of the date first above
      written.

    

    Borrower:

     

    SAC
      Holding Corporation

    
 

    
      	
               

            	
              By:

            	
              _____________________________

              Name:
                Bruce G.Brockhagen

            

    

    Title:   Secretary

    

    

    
      
         

      

      
        Page
          4complimitreplace_plan.htm

    Exhibit
      10.1

    
 

    THE
      HERSHEY COMPANY

    COMPENSATION
      LIMIT REPLACEMENT PLAN

    (Generally
      Effective as of January 1, 2007)

    

    I.             PURPOSE
      OF PLAN

     

    The
      purpose of The Hershey Company Compensation Limit Replacement Plan (hereinafter
      called the "Plan") is to ensure that the amount of future retirement benefits
      of
      executives of The Hershey Company (hereinafter called the "Company") are
      not reduced by federally regulated limits on the amount of compensation that
      may
      be included in the calculation of retirement benefits payable from the Company’s
      qualified Retirement Plan.

     

    II.            DEFINITIONS

     

    The
      following words and phrases as used in this Plan shall have the following
      meanings unless a different meaning is plainly required by the
      context:

     

    
      	
               

            	
              (a)

            	
              "Average
                Annual Earnings” as of any date during a Participants' employment with an
                Employer means the average of the Participant's Earnings for the
                five (5)
                calendar years preceding such date of
                calculation.

            

    

     

    
      	
               

            	
              (b)

            	
              "Code"
                means the Internal Revenue Code of 1986, as amended from time to
                time.

            

    

     

    
      	
               

            	
              (c)

            	
              "Committee"
                means the Compensation and Executive Organization Committee of the
                Company’s Board of Directors.

            

    

     

    
      	
               

            	
              (d)

            	
              "Company's
                Retirement Plan" means The Hershey Company Retirement Plan, as in
                effect
                from time to time and any successor plan
                thereto.

            

    

     

    
      	
               

            	
              (e)

            	
              "Credits"
                means the sum of the Participant's Basic Credits, Prior Service Credits,
                Supplemental Prior Service Credits, and Periodic Adjustment
                Credits.

            

    

     

    
      	
               

            	
              (f)

            	
              "DB
                SERP" means the Hershey Company Supplemental Executive Retirement
                Plan,
                which provides a nonqualified, defined benefit
                pension.

            

    

    

    
      	
               

            	
              (g)

            	
              "DC
                SERP" means the Defined Contribution Supplemental Executive Retirement
                Plan benefit of The Hershey Company Deferred Compensation
                Plan.

            

    

    

    
      	
               

            	
              (h)

            	
              "Earnings,"
                for purposes of this Plan, shall have the same meaning as provided
                in
                Section 1.18 of the Company's Retirement Plan, as such section may
                be
                amended from time to time, except that such Earnings shall not be
                subject
                to the compensation limits of Section 401(a)(17) of the
                Code.

            

    

     

    
      	
               

            	
              (i)

            	
              "Excess
                Account" as of a determination date equals the excess
                of:

            

    

     

    
      	
               

            	
              1.

            	
              the
                sum of the Credits to the Participant's Accounts (including Grandfather
                benefits) for all years ending on or before
                the

            

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              determination
                date, including years prior to the Effective Date, that would have
                been
                made under Article 4 of the Company's Retirement Plan, if Earnings
                and
                Average Annual Earnings defined in this Plan were used in such
                calculation, over

            

    

    

    
      	
               

            	
              2.

            	
              the
                sum of the Credits to the Participant's Account (including
                Grandfather benefits) in all years ending on the determination date,
                including years prior to the Effective Date, under Article 4 of the
                Company's Retirement Plan.

            

    

    

    Notwithstanding
      the foregoing, for purposes of determining the Excess Account of any Participant
      eligible for the DC SERP, the Credits to the Participant’s Accounts determined
      under subsections 1 and 2 above for periods of participation in DC SERP shall
      be
      determined by assuming pay-based credits equal 3% of "Earnings" (as defined
      in
      this Plan or under the Company’s Retirement Plan, as applicable).

    

    
      	
               

            	
              (j)

            	
              "Effective
                Date" means January 1, 2007.

            

    

    

    
      	
               

            	
              (k)

            	
              "For
                Cause" means the willful engaging by the Participant in illegal conduct
                or
                gross misconduct which is materially and demonstrably injurious to
                the
                Company.

            

    

    

    For
      purposes of this definition, no act or failure to act, on the part of the
      Participant shall be considered "willful" unless it is done, or omitted to
      be
      done, by the Participant in bad faith and without reasonable belief that the
      Participant's action or omission was in the best interest of the Company. Any
      act or failure to act, based on prior approval given by the Board of Directors
      of the Company (the "Board") or upon the instruction or with the approval of
      the
      Chief Executive Officer or the Employee's superior or based upon the advice
      of
      counsel for the Company shall be conclusively presumed to be done, or omitted
      to
      be done, by the Participant in good faith and in the best interest of the
      Company.

    

    
      	
               

            	
              (l)

            	
              "Participant"
                means an employee of the Company who becomes eligible to receive
                a benefit
                under this Plan in accordance with the provisions of Paragraph
                III.

            

    

    

    All
      of
      the capitalized terms used in this Plan and not defined herein shall have the
      same meaning as in the Company's Retirement Plan, as may be amended from time
      to
      time.

     

    III.           ELIGIBILITY

    

    
      	
               

            	
              (a)

            	
              A
                U.S. paid executive who is an employee of the Company shall be a
                participant in this Plan if (i) he is an active participant in the
                Company's Retirement Plan on or after January 1, 1995, and (ii) his
                pension benefit, determined on the basis of the provisions of the
                Company's Retirement Plan without regard to the
                limitations

            

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              of
                Section 415 or Section 401(a)(17) of the Code, would exceed the
                benefit payable from the Company's Retirement Plan with regard to
                such
                limits. An employee of the Company hired on or after the Effective
                Date
                shall not be a participant in this
                Plan.

            

    

     

    
      	
               

            	
              (b)

            	
              In
                the event that a Participant in this Plan becomes eligible to participate
                in the DB SERP, the Participant shall no longer be eligible to participate
                in this Plan or to receive a benefit hereunder, even for periods
                prior to
                his participation in the DB SERP.

            

    

     

    
      	
               

            	
              (c)

            	
              In
                the event that an employee who is a participant in the DB SERP becomes
                ineligible to participate in the DB SERP or terminates employment
                prior to
                meeting the criteria required to receive benefits under the DB SERP,
                such
                employee shall become eligible to participate in this Plan, and to
                receive
                a benefit hereunder for all years in which he would have been a
                Participant, but for his participation in the DB
                SERP.

            

    

     

    
      	
               

            	
              (d)

            	
              Any
                employee who terminated employment during 1994 and would have qualified
                as
                a Participant and earned a benefit under this Plan had it been adopted
                prior to the employee's termination date shall be considered a Participant
                in this Plan, and shall be entitled to receive a benefit under Section
                IV
                hereof.

            

    

     

    IV.           BENEFITS

    

    
      	
               

            	
              (a)

            	
              Retirement

            

    

     

    An
      employee who qualifies as a Participant and who retires or whose employment
      is
      otherwise terminated other than For Cause on or after his "Early Retirement
      Date" (as determined under the Company's Retirement Plan)  shall be
      entitled under this Plan to receive a retirement benefit equal to the lump
      sum
      value of his Excess Account, determined as of the Participant's date of
      termination of employment with the Company.

     

    
      	
               

            	
              (b)

            	
              Termination

            

    

     

    An
      employee who qualified as a Participant and who terminates employment other
      than
      For Cause prior to his Early Retirement Date but after becoming fully vested
      under the terms of the Company's Retirement Plan shall be entitled to a benefit
      equal to the lump sum value of his Excess Account as of the employee's date
      of
      termination of employment with the Company.

     

    
      	
               

            	
              (c)

            	
              Pre-retirement
                Death

            

    

     

    If
      a
      Participant dies prior to his Early Retirement Date, the Designated Beneficiary
      of the Participant shall be entitled to the lump sum value of the Participant's
      Excess Account as of the date of Participant's death.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              (d)

            	
              Disability

            

    

     

    If
      a
      Participant becomes Disabled prior to his Normal Retirement Date and while
      employed by the Company, the employee shall, to the extent his pension benefit,
      determined on the basis of the provisions of the Company's Retirement Plan,
      without regard to the limitations of Section 415 or Section 401(a)(17) of the
      Code, would exceed the benefit payable from the Company's Retirement Plan with
      regard to such limits, continue to accrue credits to his Excess Account during
      the period the Participant is disabled up until his Normal Retirement Date.
      The
      pay credits, if any, during this period will be determined based on the method
      described in Section 5.2 of the Company's Retirement Plan.

    

    V.           DISTRIBUTION
      AND FORM OF PAYMENT

    

    (a)           Form
      of Payment

    

    Benefits
      payable under Sections IV(a), IV(b), and IV(c) of this Plan shall be payable
      in
      a lump sum cash payment as soon as administratively practicable following the
      earliest of the date of a Participant’s (i) retirement, (ii) termination of
      employment, or (ii) death prior to his termination from
      employment.  Amounts payable under this Plan may be deferred under the
      Hershey Company Deferred Compensation Plan pursuant to the deferral election
      rules contained in that Plan.

    

    (b)           Distribution
      to Key Employees

    

    In
      the
      case of a Separation from Service of a Key Employee, a lump sum cash payment
      payable under Sections IV(a) or IV(b) of this Plan may not be made before the
      date which is six (6) months after the date of the Key Employee’s Separation
      from Service (or, if earlier, the date of death of the Key Employee)
      (hereinafter called the "Waiting Period").  The lump sum cash payment
      that is otherwise payable to a Key Employee under Sections IV(a) or IV(b) of
      this Plan shall accrue interest during the Waiting Period at a rate equal to
      the
      HRA Crediting Rate.

    

    (c)           Definitions

    

    For
      purposes of this Section V:

    

    
      	
               

            	
              (i)

            	
              "Key
                Employee" means a "specified employee" as determined by the Employee
                Benefits Committee of the Company using the standards set out under
                Code
                section 409A(a)(2)(B)(i) (i.e., a key employee (as defined under
                Code
                section 416(i) without regard to paragraph (5) thereof) of a corporation
                any stock in which is publicly traded on an established securities
                market
                or otherwise) and applicable Treasury regulations and other guidance
                under
                Code section 409A);

            

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              (ii)

            	
              "Separation
                from Service" means a termination of employment within the meaning
                of Code
                section 409A and applicable Treasury regulations and other guidance
                under
                Code section 409A; and

            

    

    

    
      	
               

            	
              (iii)

            	
              "HRA
                Crediting Rate" means a periodic adjustment percentage equal to the
                average of one-year Treasury Constant Maturities as published in
                the
                Federal Reserve Statistical Release H.15(519) of the Board of
                Governors of the Federal Reserve System, measured on the first business
                day of October, November and December of the year immediately preceding
                the Plan Year.  The average rate shall be calculated and rounded
                to the nearest one-hundredth of a percentage
                point.  Notwithstanding the preceding sentence, the periodic
                adjustment percentage shall not exceed twelve (12) percent and shall
                not
                be less than three (3) percent in any Plan
                Year.

            

    

     

    VI.           CHANGE
      IN CONTROL

     

    
      	
               

            	
              (a)

            	
              Upon
                the occurrence of a Change In Control, a Participant shall have a
                vested
                right to receive, upon his retirement or other termination of employment
                with the Company and notwithstanding his Years of Service, the value
                of
                his Excess Account as of his date of retirement or other termination
                of
                employment. In addition, a Participant shall have a vested right
                to
                receive the value of his Excess Account, notwithstanding his Years
                of
                Service, if such Participant's employment with the Company was terminated,
                (i) at the request of a third party who has taken steps reasonably
                calculated to effect a Change In Control, or (ii) in connection with
                or in
                anticipation of a Change In
                Control.

            

    

     

    
      	
               

            	
              (b)

            	
              For
                purposes of this Paragraph, a "Change In Control"
                means:

            

    

    

    
      	
               

            	
              1.

            	
              The
                acquisition or holding by any Person of beneficial ownership (within
                the
                meaning of Section 13(d) under the Exchange Act of shares of the
                Common
                Stock and/or the Class B Common Stock of the Company representing
                25% or
                more of either (i) the total number of then outstanding shares of
                both
                Common Stock and Class B Common Stock of the Company (the "Outstanding
                Company Stock") or (ii) the combined voting power of the then outstanding
                voting securities of the Company entitled to vote generally in the
                election of directors (the "Outstanding Company Voting Power"), provided
                that, at the time of such acquisition or holding of beneficial ownership
                of any such shares, the Hershey Trust does not beneficially own more
                than
                50% of the Outstanding Company Voting Power; and provided, further,
                that
                any such acquisition or holding of beneficial ownership of shares
                of
                either Common Stock or Class B Common Stock of the Company by any
                of the
                following entities shall not by itself constitute such a Change In
                Control
                hereunder: (i) the Hershey Trust; (ii) any trust established by the
                Company, or by any Subsidiary, for the benefit of the Company and/or
                its
                employees or those of any Subsidiary;
                or (iii) any employee benefit plan (or related trust) sponsored or
                maintained by the Company or by any Subsidiary;
                or

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

     

    
      	
               

            	
              2.

            	
              The
                approval by the stockholders of the Company of any merger, reorganization,
                recapitalization, consolidation or other form of business combination
                (a
                "Business Combination") if, following consummation of such Business
                Combination, the Hershey Trust does not beneficially own more than
                50% of
                the total voting power of all outstanding voting securities of the
                surviving entity or entities; or

            

    

    

    
      	
               

            	
              3.

            	
              The
                approval by the stockholders of the Company of (i) any sale or other
                disposition of all or substantially all of the assets of the Company,
                other than to a corporation as to which the Hershey Trust beneficially
                owns more than 50% of the total voting power of all outstanding voting
                securities, or (ii) a liquidation or dissolution of the
                Company.

            

    

     

    
      	
               

            	
              (c)

            	
              For
                purposes of this Paragraph:  (i) "Hershey Trust" means either or
                both of (a) the Hershey Trust Company, a Pennsylvania corporation,
                as
                trustee of the Milton Hershey School, or any successor of the Hershey
                Trust Company as such trustee, and (b) the Milton Hershey School,
                a
                Pennsylvania not-for-profit corporation; (ii) "Exchange Act" shall
                mean
                the Securities Exchange Act of 1934 and the rules and regulations
                promulgated thereunder; and (iii) "Person" shall have the meaning
                given in
                Section 3(a)(9) of the Exchange Act, as modified and used in Sections
                13(d)(3) and 14(d) thereof.

            

    

     

    
      	
              VII.

            	
              ADMINISTRATION
                OF THE PLAN

            

    

     

    The
      Committee is charged with the administration of the Plan. It shall have full
      power and authority to construe and interpret the Plan. Its decisions shall
      be
      final, conclusive and binding on all parties.

    

    
      	
              VIII.

            	
                 
                PAYMENT OF BENEFITS

            

    

     

    Nothing
      contained in the Plan and no action taken pursuant to the provisions of the
      Plan
      shall create or be construed to create a trust of any kind, or a fiduciary
      relationship between the Company and the Participant, his spouse or any other
      person. Benefits under the Plan shall be paid out of the general assets of
      the
      Company. No person other than the Company shall by virtue of the provisions
      of
      the Plan have any interest in such assets. To the extent that any person
      acquires a right to receive payments from the Company under the Plan, such
      right
      shall be no greater than the right of any unsecured general creditor of the
      Company. The right of the Participant or any other person to the payment of
      benefits under the Plan shall not be assigned, transferred, pledged, or
      encumbered; such payments and the right thereto are expressly declared to be
      non-assignable and non-transferable. No payments hereunder shall be subject
      to
      the claim of the creditor of the Participant nor of any other person entitled
      to
      payments hereunder. Any payments required to be made pursuant to the Plan to
      a
      person who is under legal disability may be made by the Company
      to or for the benefit of such person in such of the following ways as the
      Committee shall determine:

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    
      	
               

            	
              (a)

            	
              directly
                to such person,

            

    

    
      	
               

            	
              (b)

            	
              to
                the legal representative of such
                person,

            

    

    
      	
               

            	
              (c)

            	
              to
                a near relative of such person to be used for the latter's benefit,
                or

            

    

    
      	
               

            	
              (d)

            	
              directly
                in payment of expenses of support, maintenance or education of such
                person.

            

    

    

    The
      Company shall not be required to see the application by any third party of
      any
      payments made pursuant to the Plan.

     

    
      	
              IX.

            	
              EFFECTIVE
                DATE OF PLAN

            

    

    

    Except
      as
      specifically provided herein, this amendment and restatement of the Plan
      shall be effective January 1, 2007.

    

    
      	
              X.

            	
              AMENDMENT,
                SUSPENSION, OR TERMINATION OF THE
                PLAN

            

    

    

    The
      Board
      of Directors of the Company may, at any time, suspend or terminate the Plan.
      The
      Board may also, from time to time, amend the Plan in such respects as it may
      deem advisable in order that benefits provided hereunder may conform to any
      change in the law or in other respects which the Board deems to be in the best
      interest of the Company. No such amendment shall adversely affect any right
      of
      any Participant or his spouse to benefits hereunder that have become payable
      (i.e. the Participant has five Years of Service with the Company) prior to
      the
      effective date of the amendment without the consent of such Participant or
      spouse. Any benefits payable under the terms of the Plan at the time of
      termination of the Plan shall remain in effect according to their original
      terms, or such alternate terms as may be in the best interests of both parties
      and agreed to by the Participant or his surviving spouse.

     

    IN
      WITNESS WHEREOF, The Hershey Company has caused The Hershey Company
      Compensation Limit Replacement Plan to be adopted as of the 3rd day of
      October,
      2006.

    
 

    
      	 	
              THE
                HERSHEY COMPANY

            
	 	
               

              By:    
                /s/ Marcella K.
                Arline                

            
	 	
                       
                Marcella K. Arline

                       
                Senior Vice President, Chief People
                Officer

            

    

    

    
      
        
        

      

      
        7

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