Document:

Ex-10.41

 

Exhibit
10.41

DIRECTOR COMPENSATION SUMMARY

The
following summary sets forth the components of compensation paid to
the non-employee directors of Performance Food Group Company, a
Tennessee corporation (the “Company”) as of February 26,
2008:

Annual Retainer

     Each non-employee director receives $35,000 as an annual retainer.

Meeting Fees

     For
each meeting of the board of directors of the Company attended in person a
non-employee director receives $1,500. A non-employee director also receives
$1,000 for each committee meeting attended in person. A non-employee director
receives $750 and $500, respectively, for each board and committee meeting
attended by telephone. In lieu of the foregoing committee meeting fees, the
chairman of the Audit Committee receives $1,500 for attending audit committee
meetings, whether in person or by telephone.

     Directors are also reimbursed for expenses reasonably incurred in
connection with their services as directors.

Committee Chairmen and Presiding Director

     The chairman of the Audit Committee receives an annual retainer of $10,000
and the chairmen of the Compensation and Nominating and Corporate Governance
Committees receive an annual retainer of $5,000 each. The Presiding Director
also receives an annual retainer of $25,000.

Equity Incentives

     The Board of Directors awards each
non-employee director 2,500 shares of restricted stock under the terms of the
Company’s 2003 Equity Incentive Plan on the date of his or her initial election
or appointment to the Board of Directors and awards each non-employee director
2,500 shares of restricted stock under the terms of the Company’s 2003 Equity
Incentive Plan annually on the date of the Company’s annual meeting of
shareholders. These restricted shares will vest, in each case, on the first
anniversary of the date of grant.

Stock Ownership Guidelines

     By the later of (i) August 23, 2008; or (ii) three years from a
non-employee director’s initial appointment or election to the Board of
Directors, each non-employee director must beneficially own shares of the
Company’s common stock having a value equal to at least three times the then
annual retainer paid to the Company’s non-employee directors. Shares of
restricted stock awarded to a non-employee director shall be included when
calculating whether a non-employee director owns the requisite amount of the
Company’s common stock under these guidelines, but shares subject to unexercised
options will not.

 

 

NAMED EXECUTIVE OFFICER COMPENSATION SUMMARY

     The
Company’s named executive officers’ base salaries as of
February 26, 2008 were as follows:

	 	 	 	 	 	 	 
	NAME	 	TITLE	 	BASE
SALARY
	Robert C. Sledd

	 	Chairman
	 	$	125,000	 
	 
	 	 	 	 	 	 
	Steven L. Spinner

	 	President and Chief Executive
Officer	 	$	655,000	 
	 
	 	 	 	 	 	 
	Tom Hoffman

	 	Senior Vice President, President
and Chief Executive Officer - Customized Division
	 	$	360,000	 
	 
	 	 	 	 	 	 
	John D. Austin

	 	Senior Vice President and Chief Financial Officer
	 	$	353,000	 
	 
	 	 	 	 	 	 
	Joseph J. Paterak Jr.

	 	Senior Vice President of Broadline
Operations
	 	$	302,000	 
	 
	 	 	 	 	 	 
	Charlotte L. Perkins

	 	Chief Human Resources Officer
	 	$	270,000	 

In addition to their base salaries, these named executive officers are also
eligible to:

	 	—	 	Receive cash bonuses under the Company’s cash incentive
plans;
	 
	 	—	 	Participate in the Company’s equity incentive programs, which
may involve the award of stock options, stock settled stock
appreciation rights and/or restricted
stock pursuant to the Company’s 2003 Equity Incentive Plan; and
	 
	 	—	 	Participate in the Company’s broad-based benefit programs generally
available to the Company’s employees, including health, disability
and life insurance programs and the Company’s 401k plan as well as
the Company’s Supplemental Executive Retirement Plan, Executive
Deferred Compensation Plan and Senior
Management Severance Plan.

     The foregoing information is summary in nature. Additional information
regarding the named executive officer compensation and any changes
thereto, and payouts under cash incentive plans for 2007 performance,
or contributions by the Company to the Company’s Supplemental
Executive Retirement Plan will be disclosed by the Company following
determination of such changes, payout or contributions by the
Company’s Compensation Committee.Ex-10.42

 

Exhibit 10.42

FINAL

PERFORMANCE FOOD GROUP COMPANY

EXECUTIVE DEFERRED COMPENSATION PLAN

Effective January 1, 1998

Amended and Restated

Effective January 1, 2007

 

 

Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	ARTICLE I  Definitions
	 	 	2	 
	1.01 Account
	 	 	2	 
	1.02 Administrator
	 	 	2	 
	1.03 Adopting Employer
	 	 	2	 
	1.04 Affiliate
	 	 	2	 
	1.05 Base Salary
	 	 	2	 
	1.06 Beneficiary
	 	 	2	 
	1.07 Board
	 	 	3	 
	1.08 Bonus
	 	 	3	 
	1.09 Change in Control
	 	 	3	 
	1.10 Code
	 	 	3	 
	1.11 Commission
	 	 	3	 
	1.12 Committee
	 	 	3	 
	1.13 Company
	 	 	3	 
	1.22 Company Match Account
	 	 	3	 
	1.23 Company Matching Contribution
	 	 	3	 
	1.14 Deferral Contribution
	 	 	4	 
	1.15 Deferral Election
	 	 	4	 
	1.16 Deferral Year
	 	 	4	 
	1.17 Effective Date
	 	 	4	 
	1.18 Eligible Executive
	 	 	4	 
	1.20 ESOP
	 	 	4	 
	1.21 Key Employee
	 	 	4	 
	1.24 Participant
	 	 	5	 
	1.25 Plan
	 	 	5	 
	1.26 Plan Year
	 	 	5	 
	1.26 Termination of Employment
	 	 	5	 
	1.27 Year of Service
	 	 	5	 
	 
	 	 	 	 
	ARTICLE II  Eligibility and Participation
	 	 	6	 
	2.01 Eligibility
	 	 	6	 
	2.02 Participation
	 	 	6	 
	2.03 Cessation of Participation
	 	 	6	 
	 
	 	 	 	 
	ARTICLE III  Elections
	 	 	7	 
	3.01 Deferral Elections
	 	 	7	 
	3.02 Procedures for Deferral Elections
	 	 	7	 
	3.03 Matching Contribution
	 	 	8	 

 

 

	 	 	 	 	 
	 	 	Page
	ARTICLE IV  Accounts and Investments
	 	 	9	 
	4.01 Accounts
	 	 	9	 
	4.02 Investments
	 	 	9	 
	4.03 Equitable Adjustment in Case of Error or Omission
	 	 	10	 
	 
	 	 	 	 
	ARTICLE V  Vesting
	 	 	11	 
	5.01 Vesting in Deferral Contributions
	 	 	11	 
	5.02 Vesting in Matching Contributions
	 	 	11	 
	5.03 Death While Employed
	 	 	11	 
	5.04 Change in Control
	 	 	11	 
	 
	 	 	 	 
	ARTICLE VI  Time and Form of Payment of Benefits
	 	 	12	 
	6.01 Payment of Accounts
	 	 	12	 
	6.02 Payment of Matching Account
	 	 	13	 
	6.03 Form of Payment
	 	 	14	 
	6.04 Payment of Death Benefit
	 	 	14	 
	6.05 Hardship Distribution
	 	 	15	 
	6.06 Alternate Election
	 	 	15	 
	6.07 Payments to Minors and Incompetents
	 	 	15	 
	6.08 Distribution of Benefit When Distributee Cannot Be Located
	 	 	16	 
	6.09 Acceleration of Benefits Prohibited
	 	 	16	 
	 
	 	 	 	 
	ARTICLE VII  Beneficiary Designation
	 	 	17	 
	 
	 	 	 	 
	ARTICLE VIII  Funding
	 	 	18	 
	8.01 Unfunded Plan
	 	 	18	 
	8.02 Life Insurance
	 	 	18	 
	8.03 Trust
	 	 	18	 
	 
	 	 	 	 
	ARTICLE IX  Plan Adminstration
	 	 	19	 
	9.01 Appointment of Administrator
	 	 	19	 
	9.02 Duties and Responsibilities of Plan Administrator
	 	 	19	 
	9.03 Claims Procedures
	 	 	19	 
	 
	 	 	 	 
	ARTICLE X  ESOP Replacement Plan Account
	 	 	21	 
	10.01 Defined Terms
	 	 	21	 
	10.02 Participation
	 	 	21	 
	10.03 Amount of Benefits
	 	 	21	 
	10.04 Investments
	 	 	22	 
	10.05 Vesting
	 	 	22	 
	10.06 Benefit Commencement and Payment Options
	 	 	22	 
	10.07 Death Benefits
	 	 	23	 

ii

 

	 	 	 	 	 
	 	 	Page
	ARTICLE XI  Amendment or Termination of Plan
	 	 	24	 
	 
	 	 	 	 
	ARTICLE XII  Miscellaneous
	 	 	25	 
	12.01 Non-assignability
	 	 	25	 
	12.02 Notices and Elections
	 	 	25	 
	12.03 Delegation of Authority
	 	 	25	 
	12.04 Service of Process
	 	 	25	 
	12.05 Governing Law
	 	 	25	 
	12.06 Binding Effect
	 	 	25	 
	12.07 Severability
	 	 	26	 
	12.08 Gender and Number
	 	 	26	 
	12.09 Titles and Captions
	 	 	26	 
	12.10 Omnibus Provisions
	 	 	26	 
	 
	 	 	 	 
	APPENDIX A  PRE-2005 PLAN PROVISIONS
	 	 	 	 

iii

 

Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

INTRODUCTION

     Performance Food Group Company (the “Company”) established the Performance Food Group Company
Executive Deferred Compensation Plan (the “Plan”) effective January 1, 1998, as a plan that is
unfunded and maintained by the Company and any other Adopting Employers primarily for the purpose
of providing deferred compensation for a select group of management or highly compensated employees
as described in Sections 201(2), 301(a)(3), 401(a)(1) and 4021(b)(6) of the Employee Retirement
Income Security Act of 1974.

     The Plan has been operated in good faith compliance with the requirements of Section 409A of
the Internal Revenue Code of 1986 (the “Code”) since January 1, 2005. Effective January 1, 2005,
the Plan is amended to conform the written terms of the Plan to the requirements of Section 409A of
the Code. These amendments apply solely to amounts accrued on and after January 1, 2005, plus any
amounts accrued prior to January 1, 2005, that are not earned and vested as of December 31, 2004.
Amounts accrued prior to January 1, 2005, that are earned and vested as of December 31, 2004, shall
remain subject to the terms of the Performance Food Group Company Executive Deferred Compensation
Plan as in effect on December 31, 2004, the operative provisions of which are attached hereto as
Appendix A.

 

 

Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

ARTICLE I

Definitions

     The following words and terms as used in this Plan shall have the meaning set forth
below, unless a different meaning is clearly required by the context:

1.01 Account

     Account means a bookkeeping account established for a Participant under Article IV hereof.
Effective January 1, 2005, the Company shall maintain a Pre-2005 Account and Post-2004 Account for
each Participant. A Participant’s Pre-2005 Account shall document the amounts deferred under the
Plan by the Participant and any other amounts credited hereunder which are earned and vested prior
to January 1, 2005, plus earnings thereon, and shall be determined in accordance with the
provisions of Appendix A. A Participant’s Post-2004 Account shall document the amounts deferred
under the Plan by the Participant and any other amounts credited hereunder on and after January 1,
2005, plus earnings thereon. Where applicable, a Participant’s Pre-2005 Account and Post-2004
Account may be referred to collectively as the Participant’s “Account.”

1.02 Administrator

     Administrator means the Committee, or such other entity appointed by the Company to administer
the Plan.

1.03 Adopting Employer

     Adopting Employer means any “Adopting Employer” as defined in the ESOP.

1.04 Affiliate

     Affiliate means any subsidiary, parent, affiliate, or other related business entity to the
Company.

1.05 Base Salary

     Base Salary means the Participant’s annualized base salary for the Plan Year.

1.06 Beneficiary

     Beneficiary means the person or persons designated by a Participant on a form and in a manner
prescribed by the Administrator in accordance with Article VII.

-2-

 

Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

1.07 Board

     Board means the Board of Directors of the Company.

1.08 Bonus

     Bonus means any cash remuneration paid to a Participant under any incentive plan sponsored by
the Company.

1.09 Change in Control

     Change in Control is defined in the Company’s 2003 Equity Incentive Plan.

1.10 Code

     Code means the Internal Revenue Code of 1986, as the same may be amended from time to time.

1.11 Commission

     Commission means cash remuneration paid to a Participant under a commission arrangement
adopted by the Company.

1.12 Committee

     Committee means the administrative committee for the ESOP, which serves as the plan
administrator of the ESOP.

1.13 Company

     Company means Performance Food Group Company, or any successor thereto.

1.14 Company Match Account

     Company Match Account means the portion of a Participant’s Account that is attributable to
Company Matching Contributions made by the Company pursuant to Plan section 3.03.

1.15 Company Matching Contribution

     Company Matching Contribution means the Company’s discretionary contribution made in relation
to a Participant’s Deferral Contribution for a Plan Year

-3-

 

Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

1.16 Deferral Contribution

     Deferral Contribution means the portion of a Participant’s Base Salary, Bonus and/or
Commissions that is deferred under the Plan.

1.17 Deferral Election

     Deferral Election means an irrevocable election in writing executed by the Eligible Executive
or Participant and timely filed with the Administrator to defer a portion of the Participant’s Base
Salary, Bonus and/or Commission.

1.18 Deferral Year

     Deferral Year means the Plan Year with respect to which a Deferral Contribution is made. For
purposes hereof, a Deferral Contribution is considered made with respect to the Plan Year in which
the Base Salary or Bonus was earned. A Deferral Contribution is considered made with respect to
the Plan Year in which the Commission was paid.

1.19 Effective Date

     Effective Date means the Effective Date of the Plan, which is January 1, 1998. The Effective
Date of the amended and restated Plan is January 1, 2007.

1.20 Eligible Executive

     Eligible Executive means any employee of the Company or an Adopting Employer who is a member
of a select group of highly compensated or management employees designated by the Compensation
Committee of the Board to participate in the Plan. An employee shall cease to be an Eligible
Executive upon a determination by the Compensation Committee of the Board that he is no longer a
member of a select group of highly compensated or management employees.

1.21 ESOP

     ESOP means the Performance Food Group Company Employee Savings and Stock Ownership Plan, and
as amended from time to time.

1.22 Key Employee

     Key Employee means an Eligible Executive who, as of December 31 of any Plan Year, satisfies
the requirements of Code section 416(i) (without regard to Code section 416(i)(5)). Such Eligible
Executive will be considered a Key Employee for purposes of the Plan for the 12-month period
commencing on the next following April 1; provided, however, that an individual will not be
considered a Key Employee unless at the time of his or her Termination of Employment, the Company
is considered a public company pursuant to Code section 409A.

-4-

 

Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

1.23 Participant

     Participant means an individual who satisfies the requirements to be a Participant pursuant to
Article II.

1.24 Plan

     Plan means the Performance Food Group Company Executive Deferred Compensation Plan as amended
and restated effective January 1, 2007.

1.25 Plan Year

     Plan Year means the 12-month period beginning each January 1.

1.26 Termination of Employment

     Termination of Employment means a Participant’s separation from service from the Company or
any Affiliate, whether by retirement or termination of employment, consistent with Code section
409A and Treasury Regulations thereunder.

1.27 Year of Service

     Year of Service means each period of 365 days beginning with the Participant’s date of hire
with the Company and ending with the Participant’s Termination of Employment with the Company or
death, if earlier.

-5-

 

Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

ARTICLE II

Eligibility and Participation

2.01 Eligibility

     An Eligible Executive shall be eligible to become a Participant in the Plan as of January 1 of
any Plan Year as of which he is an Eligible Executive.

2.02 Participation

     In order to participate in the Plan, an Eligible Executive must file with the Administrator a
Deferral Election form and complete a Beneficiary designation form in accordance with the
procedures described in Plan section 3.02. In addition, the Committee may establish such other
enrollment requirements as it determines in its sole discretion are necessary.

2.03 Cessation of Participation

     A Participant shall cease to be a Participant upon receiving payment for the full amount of
benefits to which the Participant is entitled pursuant to the Plan or upon a determination by the
Compensation Committee of the Board that he is no longer eligible to participate in the Plan.

-6-

 

Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

ARTICLE III

Elections

3.01 Deferral Elections

     An Eligible Executive shall become a Participant with respect to a Plan Year only if he or she
timely files a Deferral Election form for such Plan Year, along with such other elections as the
Administrator deems necessary or advisable under the Plan.

3.02 Procedures for Deferral Elections

     (a) Amount of Deferral Contributions. The maximum Deferral Contribution with respect to any
Participant for a Plan Year shall be a percentage, as announced by the Administrator, of his or her
Base Salary, Bonus and/or Commission for such Plan Year, and such election shall be expressed by
the Participant’s indication of (i) a specified dollar amount, (ii) a stated percentage, or (iii) a
stated percentage in excess of a dollar level, as announced by the Administrator, of the
Participant’s Base Salary, Bonus and/or Commission for a given Plan Year. Any such deferral shall
be based on a Participant’s Base Salary, Bonus and/or Commission that would have been paid but for
the Participant’s election to make a contribution to this Plan or to the ESOP under Code section
401(k).

     (b) Deferral Elections. A separate Deferral Election form must be filed for each Plan Year.
Except as provided in subsection (c) below, a Participant may make an election to defer Base
Salary, Bonus and/or Commission for a Plan Year only if the Deferral Election is made not later
than December 31 of the prior Plan Year. Such election may be changed or revoked for a Plan Year
at any time prior to December 31 of the prior calendar year. If a Deferral Election form is
revoked as set forth on the preceding sentence, a new Deferral Election form may not be executed
until the next Plan Year.

     (c) First Year of Eligibility. In the case of the first Plan Year in which an Eligible
Executive becomes eligible to participate in the Plan, the Eligible Executive must make an initial
deferral election within 30 days after the date he or she becomes eligible to participate in the
Plan. Such election shall be valid only with respect to Base Salary, Bonus and/or Commission paid
for services rendered after the date of the initial deferral election and, in the case of Bonus
payments, may relate only to the portion of the Bonus payments equal to (i) the total amount of the
Eligible Executive’s Bonus payments, multiplied by (ii) the ratio of the number of days remaining
in the service period for which the Bonus payments are paid after the election, over the total
number of days in such service period. Such election will become irrevocable on the
30th day after such Eligible Executive becomes eligible to participate in the Plan and
shall apply to Base Salary, Bonus and/or Commission earned after the date the election becomes
irrevocable.

-7-

 

Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

3.03 Company Matching Contribution

     (a) Individuals eligible for a Company Matching Contribution will be identified by the
Compensation Committee of the Board prior to the Plan Year for which the individual will be
designated as eligible to receive Company Matching Contributions.

     (b) Once an individual is designated as eligible to receive a Company Matching Contribution
under the Plan, such individual must remain employed by the Company as of the last day of the Plan
Year for which such Company Matching Contribution is made.

     (c) The Compensation Committee of the Board shall announce, prior to the beginning of each
Plan Year, the amount of the Company Matching Contribution.

-8-

 

Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

ARTICLE IV

Accounts and Investments

4.01 Accounts

     The following Accounts shall be established for each Participant:

     (a) Deferral Account. A Participant’s Deferral Account shall be credited with such
Participant’s Pre-2005 Deferral Contributions and any investment earnings and losses thereon.

     (b) Termination Account. A Participant’s Termination Account shall be credited with Deferral
Contributions made after December 31, 2004, and any investment earnings and losses thereon, that
the Participant elects to receive on or after his Termination of Employment.

     (c) Special Purpose Account. A Participant’s Special Purpose Account shall be credited with
Deferral Contributions made on or after December 31, 2004, and any investment earnings or losses
thereon, which the Participant elects to receive on a specific date. A Participant may have one or
more Special Purpose Accounts at any time.

     (d) Company Match Account. A Participant’s Company Match Account shall be credited with such
Participant’s Company Matching Contribution pursuant to Plan section 3.03.

4.02 Investments

     A Participant may direct by written instruction delivered to the Administrator that his
Accounts be valued as if they were invested in one or more of investment funds selected by the
Committee. A Participant may select one or more investment fund(s) and may make a separate
selection with respect to each Account at any time. Participants may change their selection of
investment funds from time to time in accordance with the procedure prescribed by the
Administrator. Any such change, which must be submitted to the Administrator in writing, through
the voice response system or web-site, will become effective as soon as administratively
practicable.

     The portion of a Participant’s Account valued by reference to the investment funds shall be
valued daily based upon the performance of the investment fund(s) selected by the Participant. Such
valuation shall reflect the net asset value expressed per share of the designated investment
fund(s). The fair market value of an investment fund shall be determined by the Administrator. It
shall represent the fair market value of all securities or other property held for the respective
fund, plus cash and accrued earnings, less accrued expenses and proper charges against the fund. A
Participant shall submit his investment selection to the Administrator in writing, through the
voice response system or web-site. If any Participant fails to file a designation, he shall be
deemed to have designated the investment of his Account in the investment fund selected by the
Administrator.

-9-

 

Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

4.03 Equitable Adjustment in Case of Error or Omission

     If an error or omission is discovered in the Account of a Participant, the Administrator shall
make such equitable adjustments as the Administrator deems appropriate.

-10-

 

Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

ARTICLE V

Vesting

5.01 Vesting in Deferral Contributions

     A Participant’s Deferral Contributions and earnings thereon shall be fully vested and
non-forfeitable at all times.

5.02 Vesting in Company Matching Contributions

     Subject to Plan sections 5.03 and 5.04, if a Participant has a Termination of Employment prior
to completing ten Years of Service under this Plan, the following schedule will apply with regard
to his vested interest in his Company Match Account and earnings thereon made on or after January
1, 2007:

	 	 	 
	Years of Service	 	Vested percentage
	 	 
	 
	Less than 5
	 	0%
	5 but less than 6
	 	50%
	6 but less than 7
	 	60%
	7 but less than 8
	 	70%
	8 but less than 9
	 	80%
	9 but less than 10
	 	90%
	10 or more
	 	100%

5.03 Death While Employed

     Notwithstanding Plan section 5.02, if a Participant dies while employed by the Company, he
shall be fully vested in his Company Match Account and earnings thereon.

5.04 Change in Control

     Notwithstanding Plan section 5.02, a Participant shall be fully vested in his Company Match Account and earnings thereon upon a Change in Control.

-11-

 

Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

ARTICLE VI

Time and Form of Payment of Benefits

6.01 Payment of Accounts

     (a) Termination Account. A Participant may elect, at the time he completes his Deferral
Election form for the first Plan Year in which he defers Base Salary, Bonus and/or Commission to
his Termination Account to have all or a portion of his Termination Account payable:

     (i) at the time of his Termination of Employment; or

     (ii) (A) at the time of his Termination of Employment with respect to a portion of his
Termination Account as elected by the Participant, and (B) annually on each anniversary of
his Termination of Employment with respect to a portion of his Termination Account as
elected by the Participant, and (C) with the remaining portion paid in annual installments
of two to 10 years as elected by the Participant; or

     (iii) the earlier of the Participant’s Termination of Employment or the date elected by
the Participant.

     (iv) In the event a Participant fails to make an election under this Plan section, his
Termination Account shall be payable upon his Termination of Employment, subject to
subsection (f) below.

     (b) Special Purpose Account. A Participant may elect, at the time he completes his Deferral
Election form for the first Plan Year in which he defers Base Salary, Bonus and/or Commission to a
Special Purpose Account commencing on or after January 1, 2005 to have all or a portion of his
Special Purpose Account payable on a specified date after the last day of the Plan Year that is at
least one Plan Year after the Plan Year to which the Deferral Contribution relates. A Participant
may select a specified payment date for each Special Purpose Account. In the event a Participant
fails to make a valid election under this Plan section, his Special Purpose Account shall be paid
at the earliest date such Participant could have specified for such Deferral Contributions.

     (c) Deferral Account. A Participant’s Deferral Account shall be paid in accordance with the
provisions of Appendix A attached hereto.

     (d) Form of Payment. A Participant shall elect on a payment election form to receive his
benefits under this Plan section in a lump sum or in annual installments of two to 10 years for
each payment date or payment event. In the event a Participant fails to make an election under
this subsection, his payment shall be paid in a lump sum.

-12-

 

Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

     (e) Timing of Payment. Payment made on a date or event specified in this Plan section shall
be treated as made upon such date or event if it is made by the end of the calendar
year in which such date or event occurs, or, if later, by the 15th day of the third
month following such date or event.

     (f) Delay for Key Employees. In the case of an individual who is a Key Employee on his
Termination of Employment, with respect to any payments payable upon Termination of Employment of
his Termination Account or Special Purpose Account, the lump sum shall be made, or installments
payments shall commence, on the first day of the month following the six-month anniversary of the
Participant’s Termination of Employment. In the case of installment payments to a Key Employee,
the first payment shall include a “catch-up” amount equal to the sum of payments that would have
been made to the Participant during the period preceding the first payment date if no 6-month delay
had applied. This subsection will not apply to a Participant’s Deferral Account.

6.02 Payment of Company Match Account

     (a) Timing. A Participant may elect on a payment election form by December 31 of the Plan
Year immediately preceding the Plan Year for which he first becomes eligible under the Plan to
receive his Company Match Account:

     (i) at the time of his Termination of Employment; or

     (ii) on a date specified by the Participant that is no earlier than the later of (A)
the first day of the second Plan Year following the Plan Year to which the Company Matching
Contribution relates, or (B) the date on which the Participant’s Company Matching
Contributions become fully vested in accordance with Plan section 5.02; or

     (iii) the earlier of the dates specified in (i) or (ii) above.

     (iv) In the event a Participant fails to make an election under this Plan section, his
Company Matching Account shall be payable upon his Termination of Employment, subject to
subsection (c) below.

     (v) Payment made on a date or event specified in this Plan section shall be treated as
made upon such date or event if it is made by the end of the calendar year in which such
date or event occurs, or, if later, by the 15th day of the third month following
such date or event.

     (b) Form of Payment. A Participant may elect on a payment election form by December 31 of the
Plan Year immediately preceding the Plan Year for which he first becomes eligible under the Plan to
receive his Company Match Account in a lump sum or in annual installments of two to 10 years for
each payment date or payment event. In the event a

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Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

Participant fails to make an election under
this subsection, his payment shall be paid in a lump sum.

     (c) Delay for Key Employees. In the case of an individual who is a Key Employee on his
Termination of Employment, the lump sum shall be made, or installments payments shall commence, on
the first day of the month following the six-month anniversary of the Participant’s Termination of
Employment. In the case of installment payments to a Key Employee, the first payment shall include
a “catch-up” amount equal to the sum of payments that would have been made to the Participant
during the period preceding the first payment date if no six-month delay had applied.

6.03 Changes in the Timing and Form of Payment for Post-2004 Accounts

     A Participant may change his or her election to a subsequent payout by submitting a new
payment election form to the Administrator. Such election may not take effect until at least 12
months after the date on which the election is made, the election must be made at least 12 months
before the payment is scheduled to be made, and the payment with respect to which such election is
made must be deferred for a period not less than five years from the date the payment would
otherwise be made or commence. The payment election form most recently accepted by the
Administrator shall govern the payout of the benefits.

6.04 Payment of Death Benefit

     (a) If a Participant dies after benefits have commences but before all benefits are paid in
full, the Participant’s unpaid Account balance payments shall continue and shall be paid to the
Participant’s Beneficiary over the remaining number of years and in the same amounts as that
benefit would have been paid to the Participant had the Participant survived.

     (b) If the Participant dies before benefits have commenced, the Participant’s Beneficiary
shall receive a death benefit equal to the value of Participant’s Account, which shall be paid in
accordance with the Participant’s election in effect on the date of the Participant’s death.

     (c) A Participant, in connection with his or her commencement of participation in the Plan,
shall elect on a beneficiary designation form whether the death benefit shall be received by his or
her Beneficiary in a lump sum or in annual installments of two to 10 years. The lump sum payment
shall be made, or installment payments shall commence, 90 days after the day the Administrator is
provided with proof that is satisfactory to the Administrator of the Participant’s death.
Subsequent installment payments shall be made annually on each anniversary of the first payment
date.

     (d) Payment made on a date or event specified in this Plan section shall be treated as made
upon such date or event if it is made by the end of the calendar year in which such date or event
occurs, or, if later, by the 15th day of the third month following such date or event.

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Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

6.05 Hardship Distribution

     (a) A distribution of a portion of the Participant’s Account because of an Unforeseeable
Emergency will be permitted only to the extent required by the Participant to satisfy the emergency
need. Whether an Unforeseeable Emergency has occurred will be determined by the Administrator, in
its sole and exclusive discretion. Distributions in the event of an Unforeseeable Emergency may be
made by and with the approval of the Administrator upon written request by a Participant.

     (b) An “Unforeseeable Emergency” is defined as a severe financial hardship to the Participant
resulting from a sudden and unexpected illness or accident of the Participant or of a dependent of
the Participant, loss of the Participant’s property due to casualty, or other similar extraordinary
and unforeseeable circumstances arising as a result of events beyond the Participant’s control.
The circumstances that will constitute an Unforeseeable Emergency will depend upon the facts of
each case, but, in any event, any distribution under this Plan section 6.05 shall not exceed the
remaining amount required by the Participant to resolve the hardship after (i) reimbursement or
compensation through insurance or otherwise, (ii) obtaining liquidation of the Participant’s
assets, to the extent such liquidation would not itself cause a severe financial hardship, or (iii)
suspension of deferrals under the Plan. A Participant claiming hardship shall be required to
submit to the Administrator documentation of the hardship and proof that the loss is not covered by
other means.

6.06 Alternate Election

     Notwithstanding a Participant’s elections under Plan sections 6.01 and 6.02, a Participant may
elect on a payment election form at the time he first becomes eligible under the Plan to have his
Post-2004 Account under the Plan paid in a lump sum within 30 days following (i) the Participant’s
Termination of Employment within two years following a Change in Control or (ii) the Participant’s
involuntary (including for disability) or voluntary Termination of Employment following a reduction
in Participant’s base salary or bonus, any material reduction in the level of responsibility,
position (including status, office, title, reporting relationships or working conditions),
authority or duties of the Participant or any relocation to which the Participant has not agreed to
an office of the Company or Adopting Employer more than 35 miles from the office where the
Participant was located or any increase in the Participant’s required travel amounting to a
constructive relocation; provided, however, in the event of an individual who is a
Key Employee on his date of Termination of Employment, Plan section 6.01(f) or 6.02(c), as
applicable, shall apply solely with respect to his Termination Account, Special Purpose Account and
Company Match Account.

6.07 Payments to Minors and Incompetents

     If a Participant or Beneficiary entitled to receive any benefits hereunder is a minor or is
adjudged to be legally incapable of giving valid receipt and discharge for such benefits, or is
deemed so by the Administrator, benefits will be paid to such person as the Administrator may

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Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

designate for the benefit of such Participant or Beneficiary. Such payments shall be considered a
payment to such Participant or Beneficiary and shall, to the extent made, be deemed a complete
discharge of any liability for such payments under the Plan.

6.08 Distribution of Benefit When Distributee Cannot Be Located

     The Administrator shall make all reasonable attempts to determine the identity and/or
whereabouts of a Participant or a Participant’s Beneficiary entitled to benefits under the Plan,
including the mailing by certified mail of a notice to the last known address shown on the
Company’s or the Administrator’s records. If the Administrator is unable to locate such a person
entitled to benefits hereunder, or if there has been no claim made for such benefits, the Company
shall continue to hold the benefit due such person.

6.09 Acceleration of Benefits Prohibited

     Except as provided in Treasury Regulations, no acceleration in the time or schedule of any
payment or amount scheduled to be paid from the Participant’s Post-2004 Account is permitted.

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Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

ARTICLE VII

Beneficiary Designation

     A Participant may designate a Beneficiary and a contingent Beneficiary. Any Beneficiary
designation made hereunder shall be effective only if properly signed and dated by the Participant
and delivered to the Administrator prior to the time of the Participant’s death. The most recent
Beneficiary designation received by the Administrator shall be the effective Beneficiary
designation for all Plan Years and shall supercede all prior Beneficiary designations unless
specifically designated otherwise. Any Beneficiary designation hereunder shall remain effective
until changed or revoked hereunder.

     A Beneficiary designation may be changed by the Participant at any time, or from time to time,
by filing a new designation in writing with the Administrator.

     If the Participant dies without having designated a Beneficiary or a contingent Beneficiary or
if the Participant dies and the Beneficiary and contingent Beneficiary so named by the Participant
have both predeceased the Participant, then the Participant’s estate shall be deemed to be his
Beneficiary. In the event that the Participant dies and the Beneficiary so named by the
Participant has predeceased the Participant, then the surviving contingent Beneficiary, if any,
shall be the Beneficiary.

     If a Beneficiary of the Participant shall survive the Participant but shall die before the
Participant’s entire benefit under the Plan has been distributed, then the unpaid balance thereof
shall be distributed to any other beneficiary named by the deceased Beneficiary to receive his
interest or, if none, to the estate of the deceased Beneficiary.

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Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

ARTICLE VIII

Funding

8.01 Unfunded Plan

     All Plan Participants and Beneficiaries are general unsecured creditors of the Company with
respect to the benefits due hereunder and the Plan constitutes a mere promise by the Company to
make benefit payments in the future. It is the intention of the Company that the Plan be
considered unfunded for tax purposes.

8.02 Life Insurance

     The Company may, but is not required to, purchase life insurance in amounts sufficient to
provide some or all of the benefits provided under this Plan or may otherwise segregate assets for
such purpose.

8.03 Trust

     The Company may, but is not required to, establish a grantor trust which may be used to hold
assets of the Company which are maintained as reserves against the Company’s unfunded, unsecured
obligations hereunder. Such reserves shall at all times be subject to the claims of the Company’s
creditors. To the extent such trust or other vehicle is established, and assets contributed, for
the purpose of fulfilling the Company’s obligation hereunder, then such obligation of the Company
shall be reduced to the extent such assets are utilized to meet its obligations hereunder. Any
such trust and the assets held thereunder are intended to conform in substance to the terms of the
model trust described in Revenue Procedure 92-64.

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Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

ARTICLE IX

Plan Administration

9.01 Appointment of Administrator

     The Company shall serve as the Administrator unless the Committee has appointed one or more
persons to serve as the Administrator for the purpose of administering the Plan. In the event more
than one person is appointed, the persons shall form a committee for the purpose of functioning as
the Administrator. If the Committee has so appointed an Administrator, the person or committeemen
serving as Administrator shall serve for indefinite terms at the pleasure of the Committee, and
may, by 30 days prior written notice to the Committee, terminate such appointment.

9.02 Duties and Responsibilities of Administrator

     (a) The Administrator shall maintain and retain necessary records regarding its administration
of the Plan.

     (b) The Administrator is empowered to settle claims against the Plan and to make such
equitable adjustments in a Participant’s or Beneficiary’s rights or entitlements under the Plan as
it deems appropriate in the event an error or omission is discovered or claimed in the operation or
administration of the Plan.

     (c) The Administrator has the authority in its sole judgment and discretion to construe the
Plan, correct defects, supply omissions or reconcile inconsistencies to the extent necessary to
effectuate the Plan, and such action shall be conclusive and binding on all Participants.

9.03 Claims Procedures

     (a) Any claim by a Participant or his or her Beneficiary (hereafter the “Claimant”) for
benefits shall be submitted in writing to the Administrator. The Administrator shall be
responsible for deciding whether such claim is payable, or the claimed relief otherwise is
allowable, under the provisions and rules of the Plan (a “Covered Claim”) and in accordance with
the requirements of the Employee Retirement Income Security Act of 1974, as amended, and Department
of Labor regulations thereunder. As such, the Administrator shall be responsible for providing a
full review of the Administrator’s decision with regard to any claim, upon a written request.

     (b) Each Claimant or other interested person shall file with the Administrator such pertinent
information as the Administrator may specify, and in such manner and form as the Administrator may
specify; and, such person shall not have any rights or be entitled to any benefits, or further
benefits, hereunder, as the case may be, unless the required information is filed by the Claimant
or on behalf of the Claimant. Each Claimant shall supply, at such times
and in such manner as may be required, written proof that the benefit is covered under the Plan.

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Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

If it is determined that a Claimant has not incurred a Covered Claim or if the Claimant shall fail
to furnish such proof as is requested, no benefits, or no further benefits, hereunder, as the case
may be, shall be payable to such Claimant.

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Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

Article X

ESOP Replacement Plan Account

     This ESOP Replacement Account was established by the Company in accordance with the terms set
forth below, effective January 1, 1988, to provide benefits for certain employees who were
restricted from receiving contributions attributable to the employee stock ownership portion
Savings Plan. The following Plan sections describe the terms of the ESOP Account, effective as of
January 1, 2007.

10.01 Defined Terms

     As used herein, unless the context requires otherwise, the terms below shall have the
following definitions:

     (a) Common Stock means the common stock of the Company.

     (b) ESOP means the employee stock ownership portion of the Savings Plan.

     (c) ESOP Account means the account credited with the Participant’s ESOP Contributions.

     (d) ESOP Contribution means the amount determined in Plan section 10.03.

     (e) Savings Plan means the Performance Food Group Company Employee Savings and Stock Ownership
Plan, as amended for the applicable time.

10.02 Participation

     Participation in the Plan shall be limited to members of Senior Management of the Company
whose participation in the Savings Plan is limited and who are selected to participate in the Plan
as of the original Effective Date. No other individuals may participate in the Plan.

10.03 Amount of Benefits.

     (a) Amount of Benefits. The amount of the benefit payable to a Participant under this Plan
shall be determined based on the value of a Participant’s Account. A Participant’s Account at any
time will be valued as follows:

     (i) Each Participant will have an Account established upon his behalf.

     (ii) The Account will be increased by an amount of any ESOP Contribution, determined
under subsection (b), that may be provided from time to time plus any
forfeitures credited to a Participant’s Account, plus any earnings and losses thereon.

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Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

     (iii) The amount of the benefit payable will be based upon the value of the Account
after application of the vesting rules determined under Plan section 10.05.

     (b) Determination of ESOP Contribution. The amount of ESOP Contribution is a hypothetical
amount equivalent to the Participant’s allocable share of the Company’s contribution to the Savings
Plan as an ESOP contribution assuming the Participant was eligible to receive a contribution to the
ESOP.

10.04 Investments

     A Participant’s Account shall hypothetically be invested in Common Stock of the Company
(“Company Stock Fund”). Such amounts shall be credited with dividends, if any, paid on Common
Stock.

     Effective January 1, 2006, a Participant may diversify all or part of the Company Stock Fund
held in his Account. The diversified portion of his Account will be credited with earnings or
losses equivalent to the earnings or losses attributable to the Wachovia Stable Value Fund for the
equivalent period.

10.05 Vesting

     A Participant will be vested in his Account Balance based on the vesting rules under the
Savings Plan.

10.06 Benefit Commencement and Payment Options

     (a) Benefit Commencement on termination. Effective January 1, 2005, payment of a
Participant’s Account shall commence sixty (60) days after the Participant’s Termination of
Employment; provided that such payment must be made by the later of (i) December 31 of the calendar
year in which payment was scheduled, or (ii) the 15th day of the third month following the
scheduled payment date, or (iii) if the Participant is a Key Employee on his or her Termination of
Employment or the first day of the month following the six-month anniversary of the Participant’s
Termination of Employment.

     (b) Benefit Commencement on death. Effective January 1, 2005, payment of the pre-retirement
death benefits shall commence sixty (60) days after the Participant’s date of death or as soon
thereafter as is practicable; provided that such payment must be made by the later of (i) December
31 of the calendar year in which payment was scheduled, or (ii) the 15th day of the third month
following the scheduled payment date. If no beneficiary is designated, the death benefit shall be
paid to his estate.

     (c) No acceleration. Except as provided in Treasury Regulations, no acceleration in the time
or schedule of any payment or amount scheduled to be paid from the Participant’s

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Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

Account is permitted.

     (d) Form of Benefit Payment. Benefits shall be payable in the form of a lump-sum distribution
in cash. Amounts invested in the Company Stock Fund shall be paid in cash based on the closing
price of Company Stock as of the day prior to the date of Termination of Employment.

10.07 Death Benefits

     (a) Active Participation. If a Participant dies while actively employed by the Company, his
Account shall become fully vested, and his Beneficiary shall receive the benefit determined under
Plan section 10.03.

     (b) Beneficiary. A Participant’s Beneficiary shall be the person last designated as such in
writing, filed by the Participant and on record with the Company with respect to this Plan. A
Participant may change or amend such Beneficiary designation at any time by filing a new written
designation. If no Beneficiary designation is in force at the Participant’s death, or the
designated Beneficiary has predeceased the Participant, then the Participant’s Beneficiary shall be
his surviving spouse, or if none, his estate.

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Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

ARTICLE XI

Amendment or Termination of Plan

     The Plan may be terminated or amended at any time by the Board, effective as of any date
specified. Any such action taken by the Board shall be evidenced by a resolution and shall be
communicated to Participants and Beneficiaries prior to the effective date thereof. No amendment
or termination shall decrease the amount of a Participant’s Account credited prior to the effective
date of the amendment or termination.

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Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

ARTICLE XII

Miscellaneous

12.01 Non-assignability

     The interests of each Participant under the Plan are not subject to claims of the
Participant’s creditors; and neither the Participant nor his Beneficiary shall have any right to
sell, assign, transfer or otherwise convey the right to receive any payments hereunder or any
interest under the Plan, which payments and interest are expressly declared to be non-assignable
and non-transferable.

12.02 Notices and Elections

     All notices required to be given in writing and all elections required to be made in writing
under any provision of the Plan shall be invalid unless made on such forms as may be provided or
approved by the Administrator and, in the case of a notice or election by a Participant or
Beneficiary, unless executed by the Participant or Beneficiary giving such notice or making such
election. Notices and elections shall be deemed given or made when received by any member of the
committee that serves as Administrator.

12.03 Delegation of Authority

     Whenever the Company is permitted or required to perform any act, such act may be performed by
its Chief Executive Officer or President or other person duly authorized by its Chief Executive
Officer or President or its Board.

12.04 Service of Process

     The Administrator shall be the agent for service of process on the Plan.

12.05 Governing Law

     The Plan shall be construed, enforced and administered in accordance with the laws of the
Commonwealth of Virginia.

12.06 Binding Effect

     The Plan shall be binding upon and inure to the benefit of the Company, its successors and
assigns, and the Participant and his heirs, executors, administrators and legal representatives.

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Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

12.07 Severability

     If any provision of the Plan should for any reason be declared invalid or unenforceable by a
court of competent jurisdiction, the remaining provisions shall nevertheless remain in full force
and effect.

12.08 Gender and Number

     In the construction of the Plan, the masculine shall include the feminine or neuter and the
singular shall include the plural and vice-versa in all cases where such meanings would be
appropriate.

12.09 Titles and Captions

     Titles and captions and headings herein have been inserted for convenience of reference only
and are to be ignored in any construction of the provisions hereof.

12.10 Omnibus Provisions

     (a) Any benefit, payment or other right provided by the Plan shall be provided or made in a
manner, and at such time, in such form and subject to such election procedures (if any), as
complies with the applicable requirements of Code section 409A to avoid a plan failure described in
Code section 409A(a)(1), including without limitation, deferring payment until the occurrence of a
specified payment event described in Code section 409A(a)(2). Notwithstanding any other provision
hereof or document pertaining hereto, the Plan shall be so construed and interpreted to meet the
applicable requirements of Code section 409A to avoid a plan failure described in Code section

409A(a)(1).

     (b) It is specifically intended that all elections, consents and modifications thereto under
the Plan will comply with the requirements of Code section 409A (including any transition or
grandfather rules thereunder). The Company is authorized to adopt rules or regulations deemed
necessary or appropriate in connection therewith to anticipate and/or comply the requirements of
Code section 409A (including any transition or grandfather rules thereunder and to declare any
election, consent or modification thereto void if non-compliant with Code section 409A.

     (c) Pursuant to Section 3.02 of Internal Revenue Notice 2006-79 and Section 3.01 (B)(1).02 of
Internal Revenue Notice 2007-86 (collectively, the “Transition Relief”), the Company shall permit
Participants to modify their existing deferral elections with respect to Post-2004 Accounts
previously made pursuant to the Plan to reflect new deferral elections regarding the time and form
of payment of benefits due under the Plan to the full extent permitted by, and in accordance with,
the Transition Relief.

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Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

APPENDIX A

to the

PERFORMANCE FOOD GROUP COMPANY

EXECUTIVE DEFERRED COMPENSATION PLAN

     This Appendix A describes those provisions of the Plan that govern a Participant’s Pre-2005
Account.

ARTICLE I

Deferral of Payment of Compensation and

Establishment of Deferred Compensation Account

     1.1 Establishment of Deferred Compensation Accounts. The Committee and the Company or
Adopting Employer established an unfunded individual “Deferred Compensation Account” consisting of
book entries for each Participant to which Deferral Contributions made prior to January 1, 2005,
plus earnings and losses thereon, are credited.

     1.2 Accrual of Earnings. The Committee and the Company or Adopting Employer shall
credit each Participant’s Deferred Compensation Account with additional amounts to represent
hypothetical investment earnings (including losses) on the amounts credited to the Deferred
Compensation Account pursuant to Section 1.1. Such hypothetical investment earnings shall continue
to accrue until the allocation date as of which benefits are determined pursuant to Section 1.1.
Pursuant to Section 1.3, a Participant shall have the right to designate how the amounts in his
Deferred Compensation Account shall be deemed to be invested in hypothetical investment options
selected by the Company. Additions credited to a Participant’s Deferred Compensation Account shall
be based on the performance of the hypothetical investment options designated by the Participant.

     1.3 Deemed Investment Directions. Subject to such limitations as may from time to
time be required by law or imposed by the Committee or the Company, and subject to such operating
rules and procedures as may be imposed from time to time by the Committee or the Company, prior to
the date on which a direction will become effective, a Participant may communicate to the Company a
direction as to how his Deferred Compensation Account should be deemed to be invested (in whole
percent multiples) among the hypothetical investment options. Such direction may separately
designate hypothetical investments (i) for that portion of the Participant’s Deferred Compensation
Account attributable to amounts that will be credited to the Participant’s Deferred Compensation
Account prior to the designation date on which such direction shall become effective, and (ii) for
that portion of the Participant’s Deferred Compensation Account attributable to amounts that will
be credited to the Participant’s Deferred Compensation Account after the designation date on which
such direction shall become effective. Such direction shall become effective subject to the
following rules and procedures:

     (a) Any initial hypothetical investment direction shall be in writing, on a form
supplied by and filed with the Committee, and shall be effective as of the

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Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

designation date determined by the Committee. Any subsequent hypothetical investment
direction shall be made on-line using the Todd Organization’s Website, and shall be
effective as of the end of the business day in which the direction is made, unless the
direction is made on a day the applicable market is closed, in which case the direction
shall be effective as of the following business day.

     (b) (1) All amounts credited to a Participant’s Deferred Compensation Account shall be
deemed to be invested in accordance with the then effective hypothetical investment
direction. (2) As of the effective date of any new hypothetical investment direction, all
or a portion of a Participant’s Deferred Compensation Account at that date shall be
reallocated among the designated hypothetical investment options according to the new
hypothetical investment directions and according to the percentages specified in the new
hypothetical investment direction unless and until a subsequent hypothetical investment
direction becomes effective.

     (c) If the Committee receives a hypothetical investment direction that it finds to be
incomplete, unclear, or improper, the Participant’s hypothetical investment direction then
in effect shall remain in effect (or, in the case of a deficiency in an initial hypothetical
investment direction, the Participant shall be deemed to have filed no hypothetical
investment direction) until the next designation date, unless the Committee provides for,
and permits the application of, corrective action prior thereto.

     (d) If the Committee possesses at any time directions as to the hypothetical investment
of less than all of a Participant’s Deferred Compensation Account, the Participant shall be
deemed to have directed that the undesignated portion of the Account be deemed to be
invested in any investment option selected by the Committee, and the Committee shall not be
liable for the investment option(s) selected by it in such circumstances.

     Neither the Committee, the Company, nor any Adopting Employer shall be liable for any losses
or damages of any kind relating to the hypothetical investment of a Participant’s Deferred
Compensation Account hereunder

ARTICLE II

Distribution of Deferred Compensation

     2.1 Time of Payment of Deferred Compensation. The balance of the Participants
Deferred Compensation Account shall not be subject to forfeiture (other than as a result of
investment losses included in the hypothetical investment earnings credited pursuant to Section
1.2) and shall become payable by the Company or Adopting Employer, in accordance with the election
made by the Participant at the time of his first election to defer commencing either:

     (a) at the time of his termination from employment with the Company and all Adopting
Employers;

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Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

     (b) at a specific date designated by the Participant; or

     (c) in a combination of (a) and (b).

     Such election by a Participant shall also specify whether his Deferred Compensation Account is
to be paid:

     (a) in a lump sum;

     (b) in pro rata annual installments for a period not to exceed ten (10) years after his
termination of employment, with each installment equal to the unpaid balance of such
Deferred Compensation Account divided by the number of remaining installments and, if the
Participant dies before all installments are made, with the remaining installments being
made to his Beneficiary; or

     (c) in a combination of (a) and (b).

     Such election by a Participant may also specify that, notwithstanding his election to have
payment commence on a specified distribution date, the Company or Adopting Employer shall
immediately pay the Participant the balance of his Deferred Compensation Account in a lump sum
within thirty (30) days:

     (a) in the event (i) there is a change in control of the Company as defined in the
Company’s 1997 Stock Incentive Plan and (ii) the Participant’s employment is terminated for
any reason within two (2) years after the change in control has occurred; or

     (b) in the event his employment is terminated:

     (i) involuntarily (including as the result of disability); or

     (ii) voluntarily, following:

     (A) any reduction in the Participant’s base salary or annual available
bonus opportunity;

     (B) any material reduction in the level of responsibility, position
(including status, office, title, reporting relationships or working
conditions), authority or duties of the Participant; or

     (C) any relocation to which the Participant has not agreed to an office
of the Company or Adopting Employer more than thirty-five (35) miles from
the office where the Participant was located or any increase in the
Participant’s required travel amounting to a constructive relocation.

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Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

     A Participant may elect one time and method of payment for himself and a different time or
method of payment for his Beneficiary.

     A Participant who has terminated employment with the Company and all Adopting Employers may
change his election with respect to the time and method of payment under the Plan as described in
this Section 2.1 at any time prior to the beginning of the Plan Year in which his payment is
scheduled to commence pursuant to the election made at the time of his final election to defer.

     2.2 Withholding. There shall be deducted from all payments under the Plan the amount
of any taxes required to be withheld by any federal, state or local government. The Participants
and their Beneficiaries and personal representatives shall bear any and all federal, foreign, state
or local taxes imposed on amounts paid under the Plan.

     2.3 Restriction on Alienation or Assignment. The right of a Participant to benefits
under the Plan shall not be subject in any manner to anticipation, alienation, sale, transfer,
assignment, pledge, encumbrance, attachment or garnishment by creditors of the Participant or the
Participant’s Beneficiary, nor shall any such amount be in any manner liable for or subject to the
debts, contracts, liabilities, engagements or torts of the person entitled to such benefit.

     2.4 Unforeseen Emergency. Upon application by a Participant or Beneficiary and
approval thereof by the Committee, a Participant (or a Beneficiary after the death of the
Participant) may withdraw, upon a showing of an unforeseen emergency, part or all of the amount
then credited in his Deferred Compensation Account. For purposes of this Section 2.4, unforeseen
emergency shall mean an unanticipated emergency that is caused by an event beyond the control of
the Participant or Beneficiary and that would result in severe financial hardship to the
Participant or Beneficiary if early withdrawal were not permitted, resulting from a sudden and
unexpected illness or accident of the Participant or Beneficiary (or of a dependent (as defined in
Section 152(a) of the Code)) of the Participant or Beneficiary, loss of the Participant’s or
Beneficiary’s property due to casualty or other similar extraordinary and unforeseeable
circumstances arising as a result of events beyond the control of the Participant or Beneficiary,
which unforeseen emergency may not be relieved through reimbursement or compensation by insurance
or otherwise, by liquidation of the Participant’s or Beneficiary’s assets (to the extent such
liquidation would not itself cause severe financial hardship), or by cessation of deferrals under
the Plan. Withdrawals of amounts because of an unforeseeable emergency may be permitted only to
the extent reasonably necessary to satisfy the emergency need.

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Performance Food Group Company

Executive Deferred Compensation Plan

Amended and Restated Effective January 1, 2007

ARTICLE III

Amendments and Termination of Plan

     3.1 Amendments and Terminations. The Board reserves the right to amend or terminate
the Plan. In the event of any such amendment or termination, such amendment or termination shall
not reduce the amount of the payment of any benefit currently payable to any individual who is a
Participant or Beneficiary on the effective date of the amendment or termination or eliminate the
right of a Participant to payment of the then current balance of the Participant’s Deferred
Compensation Account. Any action by the Company amending or terminating the Plan may be by
resolution of the Board or by any person or persons duly authorized by resolution of the Board to
take such action.

     3.2 Distribution of Assets Upon Termination. The Company and the Adopting Employers
shall retain absolute ownership of any assets held to finance the payment of benefits under the
Plan. Upon termination of the Plan, any such assets held by the Company and the Adopting Employers
or otherwise held as a reserve for the payment of such benefits shall remain the property of the
Company and the Adopting Employers. No Participant or Beneficiary shall have any right or claim to
such assets except as provided herein.

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