Document:

exv10wawxlii

Exhibit
10(a) (xlii)

FY12 NON-U.S. AWARDS (U.K. EXPATS)

Stock Option Award and Agreement

[DATE]

Dear
                                        :

H. J. Heinz Company is pleased to advise you that, effective as of                     ,you have been
granted options (“Options”) to purchase                                 shares of H. J. Heinz Company Common Stock, at an
exercise price of $                      per share, in accordance with the terms and conditions of the Third
Amended and Restated H. J. Heinz Company Fiscal Year 2003 Stock Incentive Plan (the “Plan”), which
are hereby incorporated by reference into this Agreement. The Options are also granted under and
governed by the terms and conditions of this letter agreement (“Agreement”), which shall control in
the event of a conflict with the terms and conditions of the Plan. For purposes of this Agreement,
the “Company” shall refer to H. J. Heinz Company and its Affiliated Companies (as defined in
Section 4 below) in the United States and throughout the world. Unless otherwise specifically
defined herein, all other capitalized terms used in this Agreement shall have the same defined
meanings as the capitalized terms in the Plan. Copies of the Plan and the Prospectus are posted
along with this Agreement.

	1.	 	The Options are Non-Statutory Options, as defined in the Plan. The Options will vest in four
equal annual installments beginning on , and will expire on __________, subject to earlier
expiration in accordance with the terms of this Agreement or the Plan.

	2.	 	Subject to Sections 3 and 4 of this Agreement, the exercise period for the Options, including
the effect of the termination of your employment with the Company or a “Change in Control,”
shall be governed by and determined in accordance with Section 8(B) of the Plan; provided,
however, that in the event of termination of your employment by you for “Good Reason,” the
“Expiration Date” shall be five years after the “Date of Termination” or the date of
expiration specified in Section 1 above, whichever is sooner; and provided further, however,
that in the event termination of your employment occurs by reason of involuntary termination
without Cause, the “Expiration Date” shall be as provided in Section 8(B) of the Plan (the
90th day after the “Date of Termination”) or the date of expiration specified in
Section 1 above, whichever is sooner, unless you execute a release of claims of the Company in
the form requested by the Company, in which case your “Expiration Date” shall be five years
after the “Date of Termination” or the date of expiration specified in Section 1 above,
whichever is sooner.

	 	 	You may exercise the Options in any manner provided for in the Plan; provided, however, that
you must first obtain the approval of the Chief Executive Officer, or his designee, prior to
choosing a “net exercise” arrangement. If you are a non-U.S.-based reporting officer
pursuant to Section 16 of the Securities Act of 1934 on the date of net exercise, you must
obtain the approval of the Management Development and Compensation Committee of the Board of
Directors of the Company prior to choosing a “net exercise” arrangement.

1

 

FY12 NON-U.S. AWARDS (U.K. EXPATS)

	3.	 	You agree that you shall not, during the term of your employment by the Company and for
eighteen (18) months after the date of the termination of your employment with the Company,
regardless of the reason for the termination, either directly or indirectly, solicit, take
away or attempt to solicit or take away any employee of the Company, either for your own
purpose or for any other person or entity.1 You further agree that you shall not,
during the term of your employment by the Company or at any time thereafter, use or disclose
Confidential Information (as defined in Section 4 below) except as directed by, and in
furtherance of the business purposes of, the Company. You acknowledge (i) that the
non-solicitation provision set forth in this Section 3 is essential for the proper protection
of the business of the Company; (ii) that it is essential to the protection of the Company’s
goodwill and to the maintenance of the Company’s competitive position that any Confidential
Information be kept secret and not disclosed to others; and (iii) that the breach or
threatened breach of this Section 3 will result in irreparable injury to the Company for which
there is no adequate remedy at law because, among other things, it is not readily susceptible
of proof as to the monetary damages that would result to the Company. You consent to the
issuance of any restraining order or preliminary restraining order or injunction with respect
to any conduct by you that is directly or indirectly a breach or a threatened breach of this
Section 3. In the event of any breach by you of the provisions of this Section 3, you shall
immediately return to the Company the pre-tax income resulting from any exercise of the
Options or any portion thereof by you, unless such exercise occurred more than twelve (12)
months prior to the date of the termination of your employment with the Company. In addition,
in the sole discretion of the Company, and in addition to all other rights and remedies
available to the Company at law, in equity or under this Agreement, any breach by you of the
provisions of this Section 3 will result in the forfeiture of all unexercised options granted
to you under this Agreement as of the date of such breach.

	4.	 	As used in this Section 4, the following terms shall have the respective indicated
meanings:2

	 	 	“Affiliated Company or Companies” means any person, corporation, limited liability company,
partnership, or other entity controlling, controlled by or under common control with the
Company.

	 	 	“Confidential Information” means technical or business information about or relating to the
Company and/or its products, processes, methods, engineering, technology, purchasing,
marketing, selling, and services not readily available to the public or generally known in
the trade, including but not limited to: inventions; ideas;
improvements; discoveries; developments; formulations; ingredients; recipes; specifications;
designs; standards; financial data; sales, marketing and distribution
plans,

 

			
	1	 	The non-solicitation and confidentiality
covenants set forth in Section 3 are indicative. The specific provisions may
differ in various international jurisdictions.
	 
	2	 	The non-competition covenant set forth in
Section 4 is indicative. The specific provisions may differ in various
international jurisdictions.

2

 

FY12 NON-U.S. AWARDS (U.K. EXPATS)

	 	 	techniques and strategies; customer and supplier information; equipment; mechanisms;
manufacturing plans; processing and packaging techniques; trade secrets and other
confidential information, knowledge, data and know-how of the Company, whether or not they
originated with you, or information which the Company received from third parties under an
obligation of confidentiality.

	 	 	“Conflicting Product” means any product or process of any person or organization, other than
the Company, in existence or under development, (i) that competes with a product or process
of the Company upon or with which you shall have worked during the two years prior to the
termination of your employment with the Company or (ii) whose use or marketability could be
enhanced by application to it of Confidential Information acquired by you in connection with
your employment by the Company during such two year period. For purposes of this
definition, it shall be conclusively presumed that you have knowledge of information to
which you have been directly exposed through actual receipt or review of memoranda or
documents containing such information or through actual attendance at meetings at which such
information was discussed or disclosed.

	 	 	“Conflicting Organization” means any person or organization that is engaged in or about to
become engaged in research on or the development, production, marketing or selling of or the
use in production, marketing or sale of a Conflicting Product.

	 	 	In partial consideration for the Options granted to you hereunder, you agree that, for a
period of eighteen (18) months after the date of the termination of your employment with the
Company, you shall not render services, directly or indirectly, as a director, officer,
employee, agent, consultant or otherwise to any Conflicting Organization in any geographic
area or territory in which such Conflicting Organization is engaged in or about to become
engaged in the research on or the development, production, marketing or sale of or the use
in production, marketing or sale of a Conflicting Product. The foregoing limitation does
not apply to a Conflicting Organization whose business is diversified and that, as to that
part of its business to which you render services, is not engaged in the development,
production, marketing, use or sale of a Conflicting Product, provided that the Company shall
receive separate written assurances satisfactory to the Company from you and the Conflicting
Organization that you shall not render services during such period with respect to a
Conflicting Product or directly or indirectly provide or reveal Confidential Information to
such organization.

	 	 	You acknowledge and agree that the non-competitive restrictions set forth in this Section 4
are reasonable and necessary to protect the goodwill and legitimate business interests of
the Company and to prevent the disclosure of the Company’s Confidential Information and
trade secrets and, further, that you have the business experience and abilities such that
you would be able to obtain employment in a business other than with a Conflicting
Organization.

	 	 	In the event of any breach by you of the provisions of this Section 4, you shall immediately
return to the Company the pre-tax income resulting from any exercise of the Options or any
portion thereof by you, unless such exercise occurred more than twelve

3

 

FY12 NON-U.S. AWARDS (U.K. EXPATS)

	(12)	 	months prior to the date of the termination of your employment with the Company.
In addition, in the sole discretion of the Company, and in addition to all other rights and
remedies available to the Company at law, in equity, or under this Agreement, any breach by
you of the provisions of this Section 4 will result in the forfeiture of all unexercised
options granted to you under this Agreement as of the date of such breach.
	 
	 	 	In addition to the remedies stated in the preceding Section, the Company shall, if it shall
so elect, be entitled to institute legal proceedings to obtain damages for a breach by you
of this Section 4, or to enforce the specific performance of the Agreement by you and to
enjoin you from any further violation of this Section 4, or to exercise such remedies
cumulatively or in conjunction with all other rights and remedies provided by law. You
acknowledge, however, that the remedies at law for any breach by you of the provisions of
this Section 4 may be inadequate and that the Company shall be entitled to obtain
preliminary or permanent injunctive relief without the necessity of proving actual damages
by reason of such breach or threatened breach and, to the extent permitted by applicable
law, a temporary restraining order (or similar procedural device) may be granted immediately
upon the commencement of such action.
	 
	 	 	You agree that if any of the provisions herein shall for any reason be determined by a court
of competent jurisdiction to be overly broad as to scope of activity, duration, or
geography, such provision shall be limited or reduced so as to be enforceable to the extent
compatible with existing law.

	5.	 	You acknowledge and agree that nothing in this Agreement or the Plan shall confer upon you
any right with respect to future awards or continuation of your employment, nor shall it
constitute an employment agreement or interfere in any way with your right or the right of the
Company to terminate your employment, with or without cause, and with or without notice,
subject to the terms of any written employment contract that you may have with the Company
that is signed by both you and an authorized representative of the Company.

	6.	 	You hereby explicitly and unambiguously consent to the collection, use and transfer, in
electronic or other form, of your personal data as described in this document by and among, as
applicable, your employer (the “Employer”), and the Company for the exclusive purpose of
implementing, administering, and managing your participation in the Plan.3 You
understand that the Company and the Employer hold certain personal information about you,
including, but not limited to, name, home address and telephone number, date of birth, social security or insurance number or
other identification number, salary, nationality, job title, any shares or directorships
held in the Company, details of all Options or any other entitlement to shares awarded,
canceled, purchased, exercised, vested, unvested or outstanding in your favor for the
purpose of implementing, managing and administering the Plan (collectively, “Data”). You
understand that the Data may be transferred to any third parties assisting in the
implementation, administration, and management of

 

			
	3	 	The provisions set forth in Section 6 are
indicative. The specific provisions may differ in various international
jurisdictions.

4

 

FY12 NON-U.S. AWARDS (U.K. EXPATS)

	 	 	the Plan, that these recipients may be
located in your country or elsewhere, including outside the European Economic Area, and that
the recipient country may have different data privacy laws and protections than your
country. You understand that you may request a list with the names and addresses of any
potential recipients of the Data by contacting the General Counsel or the Secretary of the
Company. You authorize the recipients to receive, possess, use, retain and transfer the
Data, in electronic or other form, for the purposes of implementing, administering, and
managing your participation in the Plan, including any requisite transfer of such Data, as
may be required to a broker or other third party with whom you deposit any shares acquired
under the Plan. You understand that the Data will be held only as long as is necessary to
implement, administer, and manage participation in the Plan. You understand that you may, at
any time, view Data, request additional information about the storage and processing of the
Data, require any necessary amendments to the Data, or refuse or withdraw the consents
herein, in any case without cost, by contacting the General Counsel or Secretary of the
Company in writing. You understand that refusing or withdrawing consent may affect your
ability to participate in the Plan. For more information on the consequences of refusing to
consent or withdrawing consent, you understand that you may contact the Plan administrator
at the Company.

	7.	 	By accepting this grant of Options, you acknowledge and agree that:

	 	(a)	 	the Plan is established voluntarily by the Company, it is discretionary in
nature and may be modified, amended, suspended or terminated by the Company at any time
unless otherwise provided in the Plan or this Agreement;

	 	(b)	 	the grant of Options is voluntary and occasional and does not create any
contractual or other right to receive future grants of shares or Options, or benefits
in lieu of shares or Options, even if shares or Options have been granted repeatedly in
the past;

	 	(c)	 	all decisions with respect to future grants, if any, will be at the sole
discretion of the Company;

	 	(d)	 	your participation in the Plan shall not create a right to further employment
with Employer and shall not interfere with the ability of Employer to terminate your
employment relationship and it is expressly agreed and understood that employment is
terminable at the will of either party, insofar as permitted by law;

	 	(e)	 	you are participating voluntarily in the Plan;

	 	(f)	 	Option grants and resulting benefits are an extraordinary item that does not
constitute compensation of any kind for services of any kind rendered to the Company or
the Employer, and are outside the scope of your employment contract, if any;

5

 

FY12 NON-U.S. AWARDS (U.K. EXPATS)

	 	(g)	 	Option grants and resulting benefits are not part of normal or expected
compensation or salary for any purposes, including, but not limited to calculating any
severance, resignation, termination, redundancy, end of service payments, bonuses,
long-service awards, pension or retirement benefits or similar payments insofar as
permitted by law;

	 	(h)	 	in the event that you are not an employee of the Company, this grant of Options
will not be interpreted to form an employment contract or relationship with the
Company, and furthermore, this grant of Options will not be interpreted to form an
employment contract with the Employer or any Subsidiary of the Company;

	 	(i)	 	the future value of the shares is unknown, may increase or decrease from the
date of grant or exercise of the Options, and cannot be predicted with certainty; and

	 	(j)	 	in consideration of this grant of Options, no claim or entitlement to
compensation or damages shall arise from termination of this grant of Options or
diminution in value of this grant of Options resulting from termination of your
employment by the Company or the Employer (for any reason whatsoever) and you
irrevocably release the Company and the Employer from any such claim that may arise;
if, notwithstanding the foregoing, any such claim is found by a court of competent
jurisdiction to have arisen, then, by accepting the terms of this Agreement, you shall
be deemed irrevocably to have waived any entitlement to pursue such claim.

	8.	 	This Agreement shall be governed by and construed in accordance with the laws of the
Commonwealth of Pennsylvania, without regard to its choice of law provisions.

	9.	 	Regardless of any action the Company or your Employer takes with respect to any or all income
tax, social insurance, payroll tax, payment on account, or other tax-related withholding
(collectively, “Tax-Related Items”), you acknowledge and agree that the ultimate liability for
all Tax-Related Items legally due by you is and remains your responsibility and that the
Company and or the Employer (i) make no representations nor undertakings regarding the
treatment of any Tax-Related Items in connection with any aspect of this grant of Options,
including the grant, vesting and exercise of Options, delivery of shares and/or cash related
to such Options or the subsequent sale of any shares acquired pursuant to such Options and
(ii) do not commit to structure the terms or any aspect of this grant of Options to reduce or
eliminate your liability for Tax-Related Items.4 You shall pay the Company or the
Employer any amount of Tax-Related Items that the Company or the Employer may be required to
withhold as a result of your participation in the Plan or your receipt of Options that cannot
be satisfied by the means described below. Further, if you are subject to tax in more than one
jurisdiction, you acknowledge that the Company and/or
Employer (or former Employer, as applicable) may be required to withhold or account for
Tax-Related Items in more than one jurisdiction. The Company may refuse to deliver the
            shares if you fail to comply with your obligations in connection with the Tax-Related Items.

 

			
	4	 	The tax provisions set forth in Section 9 are
indicative. The specific provisions may differ in various international
jurisdictions.

6

 

FY12 NON-U.S. AWARDS (U.K. EXPATS)

	 	 	Prior to the taxable or tax withholding event, as applicable, you shall pay, or make
adequate arrangements satisfactory to the Company or to the Employer to satisfy, all
Tax-Related Items. In this regard, you authorize the Company or Employer to withhold all
applicable Tax-Related Items legally payable by you by (i) withholding from your wages or
other cash compensation paid by the Company and/or Employer; and/or (ii) withholding from
proceeds of the sale of shares acquired upon settlement of the Options (e.g. through
cashless exercise), either through a voluntary sale or through a sale arranged by the
Company (on your behalf pursuant to this authorization), to the extent permitted by the Plan
administrator.
	 
	 	 	You acknowledge and understand that you should consult a tax adviser regarding your tax
obligations.
	 
	10.	 	You understand that your award and future awards of stock options, if any, granted to you
under the Plan or any future plans (collectively, the “Plans”) are subject to your on-line
acceptance of the Agreement. You understand that you will not be able to exercise any of
these Options until you accept on-line this Agreement.
	 
	11.	 	Awards under the Plan are available to employees only during the course of their employment
relationship in accordance with the terms and conditions of the Plan.
	 
	12.	 	The Award and any vesting of any award ceases upon termination of employment for any reason
except as may otherwise be explicitly provided in the Plan or any written agreement entered
into by you and the Company, including the Agreement.
	 
	13.	 	The Plan and the Agreement govern all aspects of the Award, and the provisions of the Plan
are summarized in the Plan prospectus. Additional copies of the Plan documents may be
obtained from the Company. To the extent permitted by applicable law, the Plan is subject to
U.S. law, and the interpretation of the Plan and your rights under the Plan will be governed
by applicable U.S. law as specified in the Agreement.

You acknowledge that you have read and understand the foregoing.

7

 

FY12 NON-U.S. AWARDS (U.K. EXPATS)

This grant of Options is subject to your on-line acceptance of the terms and conditions of this

Agreement through the Fidelity website.

	 	 	 	 	 
	 	H.J. HEINZ COMPANY

 	 
	 	By:  	 	 
	 	 	 	 
	 	 	William R. Johnson

Chairman of the Board, President and

Chief Executive Officer 	 
	 

	 	 	 

	Accepted:

	 	Signed electronically
	 
	 	 
	Date:

	 	Acceptance Date

8exv10wawxliii

Exhibit 10(a) (xliii)

U.S. EMPLOYEES

Long-Term Performance Program Award Agreement

(Fiscal Years ___-____)

[DATE]

Dear [RECIPIENT NAME]:

H. J. Heinz Company is pleased to confirm that, effective as of __________, you have been granted
an Award under the Long-Term Performance Program in accordance with the terms and conditions of the
Third Amended and Restated H. J. Heinz Company Fiscal Year 2003 Stock Incentive Plan, as amended
from time to time (the “Plan”). This Award is also made under and pursuant to this letter
agreement (“Agreement”), the terms and conditions of which shall govern and control in the event of
a conflict with the terms and conditions of the Plan. For purposes of this Agreement, the
“Company” shall refer to H. J. Heinz Company and its Subsidiaries. Unless otherwise defined in
this Agreement, all capitalized terms used in this Agreement shall have the same defined meanings
as in the Plan.

	1.	 	Award. The target value of the award to you under this Agreement is equal to
$<< VALUE>> (the “Target Award Opportunity”). The maximum award opportunity for
the Performance Period is equal to twice this amount (the “Maximum Award Opportunity”),
subject to proration pursuant to Section 3 below. Your actual Award will be paid as a
percentage of your Target Award Opportunity, as determined pursuant to Section 2 below. The
“Performance Period” means the two consecutive fiscal year periods of Fiscal Year ____ and
Fiscal Year ___.
	 
	2.	 	Performance Goals. The Award will be determined based upon the level of success the
Company achieves during the Performance Period relative to the performance goals established
by the Management Development and Compensation Committee of the Company’s Board of Directors
(“MDCC”) as set forth below:

	 	(a)	 	After—Tax Return on Invested Capital (ROIC) Metric. Fifty
percent (50%) of your Target Award Opportunity will be determined by the
Company’s performance against the ROIC target metric established by the MDCC
(the “ROIC Target”). For each fiscal year in the Performance Period, an ROIC
value will be calculated, as adjusted to eliminate the after-tax effects of any
charges that may be excluded when determining Performance Measures under the
Plan (“ROIC Value”). Each ROIC Value will consist of after-tax operating
profit as defined by the Company divided by average invested capital. Average
invested capital is defined as the five quarter average of net debt, as defined
by the Company, plus total shareholder equity as set forth on the financial
statements of the Company for the five most recent fiscal quarters. At the end
of the Performance Period, the ROIC Values for each fiscal year in the
Performance Period

1

 

	 	 	 	will be averaged (the “ROIC Average”) and the ROIC Average will be compared
to the ROIC Target.

	 	 	 	The payout percentage for the ROIC metric for the Performance Period is as
follows:

	 	 	 	 	 	 	 	 	 
	 	 	Percent of ROIC Target	 	Percent of Target Award
	Performance	 	Achieved	 	Opportunity Earned(1)
	Above Maximum
	 	 	>120	%	 	 	100	%
	Maximum
	 	 	120	%	 	 	100	%
	Target
	 	 	100	%	 	 	50	%
	Threshold
	 	 	80	%	 	 	12.5	%
	Below Threshold
	 	 	<80	%	 	 	0	%

 

			
	(1) 	 	 Represents one-half of the Target Award Opportunity

	 	(b)	 	Total Shareholder Return (TSR) Metric. Fifty percent (50%) of
your Target Award Opportunity will be determined by the Company’s two-year TSR
growth rate (the “TSR Value”) compared to the two-year TSR growth rates of each
of the companies in the TSR Peer Group other than the Company. The “TSR Peer
Group” is comprised of the following companies: Campbell Soup Company, ConAgra
Foods, Inc., Dean Foods Company, General Mills, Inc., H. J. Heinz Company, The
Hershey Company, Hormel Foods Corporation, The J.M. Smucker Company, Kellogg
Company, Kraft Foods, Inc., and McCormick & Company, Incorporated (each a “TSR
Peer Company”). Each of the TSR Peer Companies’ two-year TSR growth rates will
be calculated by using the following values:

	 	(i)	 	Starting Value. The average of each TSR Peer
Company’s stock price for the 60 trading days prior to the first day of
a Performance Period (the “Starting Value”); and
	 
	 	(ii)	 	Ending Value. The average of each TSR Peer
Company’s stock price for the 60 trading days prior to and including
the last day of a Performance Period plus all dividends paid over the
Performance Period (the “Ending Value”).
	 
	 	(iii)	 	TSR Value. Dividing the Ending Value by the
Starting Value minus one and multiplied by 100 (the “TSR Value”).
	 
	 	(iv)	 	TSR Percentile Ranking. Arraying all of the
TSR Peer Companies, including the Company, from lowest TSR Value, which
is given a

2

 

	 	 	 	ranking of 1, to highest TSR Value, then dividing the Company’s
ranking by the total number of TSR Peer Companies (the “TSR
Percentile Ranking”).

The Company’s TSR Percentile Ranking will determine the percentage of the
Target Award Opportunity earned as follows:

	 	 	 	 	 
	 	 	Percentage of Target Award
	Company’s TSR Percentile Ranking	 	Opportunity Earned(1)
	90% - 100%
	 	 	100.0	%
	80% - 89.99%
	 	 	87.5	%
	70% - 79.99%
	 	 	75.0	%
	60% - 69.99%
	 	 	62.5	%
	50% - 59.99%
	 	 	50.0	%
	40% - 49.99%
	 	 	37.5	%
	30% - 39.99%
	 	 	25.0	%
	20% - 29.99%
	 	 	12.5	%
	Less than 20%
	 	 	0.0	%

 

			
	(1) 	 	 Represents one-half of the Target Award Opportunity.

	3.	 	Payment of Performance Award. Unless the MDCC offered a deferral election satisfying
the requirements of Code Section 409A with respect to your Award, and you made such a deferral
election, your Award, if earned, will be paid as soon as administratively practicable after
the last day of the Performance Period, (but in no event later than March 15th of
the calendar year following the calendar year in which occurs the last day of the Performance
Period), subject to Sections 4 and 5 below.

	 	(a)	 	If your employment with the Company began after the commencement of the
Performance Period, the actual amount of your Target Award Opportunity will be
pro-rated based upon the number of months that you were employed by the Company (in an
eligible position) during the Performance Period, except that if your employment begins
during the last six months of the Performance Period, no Target Award Opportunity for
that Performance Period will be granted.
	 
	 	(b)	 	The Award will be paid in cash, subject to the limits set forth in the Plan;
provided, however, that in the event that you are an executive covered by the Company’s
Stock Ownership Guidelines (the “SOG”) and you have not yet attained the requisite
level of stock ownership at the time payment would otherwise be made, 50% of your
Award, after taxes, will be paid in the form of escrowed, vested Restricted Stock. At
the end of the fiscal year in which you meet the SOG, the restrictions will be lifted.
At the time that the SOG are no longer applicable because you terminate employment, the
restrictions on the escrowed, vested Restricted Stock will be lifted. To the extent
the entire award may not be paid in cash due to the limits set forth in the Plan, the
remainder of the

3

 

	 	 	 	Award, after taxes, will be made in the form of Common Stock to the extent permitted
by the Plan.

	4.	 	Termination of Employment. The termination of your employment with the Company will
have the following effect on your Award:

	 	(a)	 	Qualified Termination of Employment During First Year of Performance Period.
In the event that your employment with the Company ends during the first fiscal year of
the Performance Period as a result of your death, Disability, or Retirement, your Award
will be pro-rated automatically and paid (in accordance with Section 3 of this
Agreement) at the end of the Performance Period as determined in accordance with
Section 2, subject to the provisions of Section 5. In the event that your employment
with the Company ends during the first fiscal year of the Performance Period as a
result of your Involuntary Termination without Cause, your Award will be forfeited
automatically unless you execute a release of claims of the Company in the form
requested by the Company, in which case your Award will be pro-rated automatically and
paid (in accordance with Section 3 of this Agreement) at the end of the Performance
Period as determined in accordance with Section 2, subject to the provisions of Section
5.
	 
	 	(b)	 	Qualified Termination of Employment During Second Year of Performance Period.
In the event that your employment with the Company ends during the second year of the
Performance Period as the result of your death, Disability, or Retirement, you will
receive your Award (in accordance with Section 3 of this Agreement), at the end of the
Performance Period as determined in accordance with Section 2, subject to the
provisions of Section 5. In the event that your employment with the Company ends
during the second year of the Performance Period as a result of your Involuntary
Termination without Cause, your Award will be forfeited automatically unless you
execute a release of claims of the Company in the form requested by the Company, in
which case you will receive your Award (in accordance with Section 3 of this Agreement)
at the end of the Performance Period as determined in accordance with Section 2,
subject to the provisions of Section 5.
	 
	 	(c)	 	Other Termination. In the event your employment with the Company ends, at any
time prior to the completion of the Performance Period, as the result of any reason
other than as set forth in subsections (a) or (b) above, including without limitation
any voluntary termination of employment, your Award will be forfeited automatically.
	 
	 	(d)	 	Accelerated Payment Upon a Change in Control. In the event of a Change in
Control (as defined in Treas. Reg. §1.409A-3(i)(5)) during the Performance Period,
payment of this Performance Award will be accelerated immediately. The amount of the
Performance Award will be prorated as of the date the Change in Control becomes
effective, and shall be determined based upon verifiable

4

 

	 	 	 	Company performance as of such date. In the event of a change in control not
defined in Treas. Reg. §1.409A-3(i)(5), there will be no accelerated payment of the
Performance Award, but instead the rules of subsections (a) through (c) above shall
control.

	5.	 	Non-Solicitation/Confidential Information. In partial consideration for the Award
granted to you hereunder, you agree that you shall not, during the term of your employment by
the Company and for 18 months after termination of your employment, regardless of the reason
for the termination, either directly or indirectly, solicit, take away or attempt to solicit
or take away any employee of the Company, either for your own purpose or for any other person
or entity. You further agree that you shall not, during the term of your employment by the
Company or at any time thereafter, use or disclose the Confidential Information (as defined
below) except as directed by, and in furtherance of the business purposes of, the Company.
You acknowledge (i) that the non-solicitation provision set forth in this Section 5 is
essential for the proper protection of the business of the Company; (ii) that it is essential
to the protection of the Company’s goodwill and to the maintenance of the Company’s
competitive position that any Confidential Information be kept secret and not disclosed to
others; and (iii) that the breach or threatened breach of this Section 5 will result in
irreparable injury to the Company for which there is no adequate remedy at law because, among
other things, it is not readily susceptible of proof as to the monetary damages that would
result to the Company. You consent to the issuance of any restraining order or preliminary
restraining order or injunction with respect to any conduct by you that is directly or
indirectly a breach or a threatened breach of this Section 5. In addition, in the sole
discretion of the Company, and in addition to all other rights and remedies available to the
Company at law, in equity, or under this Agreement, any breach by you of the provisions of
this Section 5 will result in the forfeiture of any unpaid portion of your Award to which you
would otherwise be entitled pursuant to this Agreement.
	 
	 	 	“Confidential Information” means technical or business information about or relating to the
Company and/or its products, processes, methods, engineering, technology, purchasing,
marketing, selling, and services not readily available to the public or generally known in
the trade, including but not limited to: inventions; ideas; improvements; discoveries;
developments; formulations; ingredients; recipes; specifications; designs; standards;
financial data; sales, marketing and distribution plans, techniques and strategies; customer
and supplier information; equipment; mechanisms; manufacturing plans; processing and
packaging techniques; trade secrets and other confidential information, knowledge, data and
know-how of the Company, whether or not they originated with you or information which the
Company received from third parties under an obligation of confidentiality.
	 
	6.	 	Impact on Benefits. The Award, if earned, will not be included as
compensation under any of the Company’s retirement and other benefit
plans, including but not limited to the H. J. Heinz Company
Supplemental Executive Retirement Plan, the H. J. Heinz Company
Employees Retirement and Savings Excess Plan and/or any other plan of
the Company.

5

 

	7.	 	Tax Withholding. When your Award is paid, the Company will withhold the
amount of money payable for the federal, state, local, and/or foreign
income and/or employment taxes required to be collected or withheld
with respect to the payment.
	 
	8.	 	Non-Transferability. Your Award may not be sold, transferred, pledged,
assigned or otherwise encumbered except by will or the laws of descent
and distribution.
	 
	9.	 	Employment At-Will. You acknowledge and agree that nothing in this
Agreement or the Plan shall confer upon you any right with respect to
future awards or continuation of your employment, nor shall it
constitute an employment agreement or interfere in any way with your
right or the right of the Company to terminate your employment at any
time, with or without cause, and with or without notice.
	 
	10.	 	Collection and Use of Personal Data. You consent to the
collection, use, and processing of personal data
(including name, home address and telephone number, identification
number) by the Company or a
third party engaged by the
Company for the purpose of
implementing, administering,
and managing the Plan and
any other stock option or
stock or long-term incentive
plans of the Company
(collectively, the “Plans”).
You further consent to the
release of personal data to
such a third party
administrator, which, at the
option of the Company, may
be designated as the
exclusive broker in
connection with the Plans.
You hereby waive any data
privacy rights with respect
to such data to the extent
that receipt, possession,
use, retention, or transfer
of the data is authorized
hereunder.
	 
	11.	 	Future Awards. The Plan is discretionary in nature and the Company may modify,
cancel or terminate it at any time without prior notice in accordance with the terms of the
Plan. While Performance Awards or other awards may be granted under the Plan on one or more
occasions or even on a regular schedule, each grant is a one-time event, is not an entitlement
to an award of cash or stock in the future, and does not create any contractual or other right
to receive an award or other compensation or benefits in the future.
	 
	12.	 	Governing Law. This Agreement shall be governed by and construed in accordance with
the laws of the Commonwealth of Pennsylvania, without regard to its choice of law provisions.
	 
	13.	 	Code Section 409A. Unless a deferral election satisfying the requirements of Code
Section 409A is offered with respect to the Award, it is intended that this Award shall not
constitute a “deferral of compensation” within the meaning of Section 409A of the Code and, as
a result, shall not be subject to the requirements of Section 409A of the Code. The Plan and
this Award Agreement are to be interpreted in a manner consistent with this intention. Absent
a deferral election satisfying the requirements of section 409A of the Code and
notwithstanding any other provision in the Plan, a new award may not be issued if such award
would be subject to Section 409A of the Code at the time of grant, and the existing Award may
not be modified in a manner that would cause such Award to become subject to Section 409A of
the Code at the time of such modification.

6

 

This Award is subject to your signing and dating this Agreement and returning it to the Company.

	 	 	 	 	 
	 	H. J. HEINZ COMPANY

 	 
	 	By:  	 	 
	 	 	Stephen S. Clark 	 

	 	 	 	 	 

	Accepted:

	 	 
	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Date:

	 	 
	 	 
	 

	 	 	 	 

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00191-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00191-of-00352.parquet"}]]