Document:

EX-10(A)(XXXIII)

 

Exhibit 10(a)(xxxiii)

Restricted Stock Unit Award and Agreement

[DATE]

Dear _____________________:

H. J. Heinz Company is pleased to confirm that, effective as of _________, you have been granted an
award of Restricted Stock Units (“RSUs”) [for Fiscal Year ______] in accordance with the terms and
conditions of the Amended and Restated H.J. Heinz Company Fiscal Year 2003 Stock Incentive Plan
(the “Plan”). This Award is also made 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 Subsidiaries. Unless otherwise defined in this Agreement, all capitalized terms
used in this Agreement shall have the same meanings as the capitalized terms in the Plan, which are
hereby incorporated by reference into this Agreement.

	1.	 	RSU Award. You have been awarded a total of
______ RSUs [for Fiscal Year
______].
	 
	2.	 	RSU Account. RSUs entitle you to receive a corresponding number of shares of H. J.
Heinz Company Common Stock (“Common Stock”) in the future, subject to the conditions and
restrictions set forth in this Agreement, including, without limitation, the vesting
conditions set forth in Paragraph 3 below. Your RSUs will be credited to a separate account
established and maintained by the Company on your behalf or by a third party engaged by the
Company for the purpose of implementing, administering and managing the Plan. Until the
Distribution Date (as defined herein), your RSUs are treated as unvested deferred compensation
amounts, the value of which is subject to change based on increases or decreases in the market
price of the Common Stock. Because the RSUs are not actual shares of Common Stock, you cannot
exercise voting rights on them until the Distribution Date.
	 
	3.	 	Vesting. You will become vested in the RSUs credited to your account according to
the following schedule: _________.
	 
	4.	 	Termination of Employment. The termination of your employment with the Company will
have the following effect on your RSUs:

	 	(a)	 	Retirement, Disability or Involuntary Termination without Cause. If the
termination of your employment with the Company is the result of Retirement, Disability
or Involuntary Termination without Cause, any RSUs granted hereunder that remain
unvested as of your Date of Termination shall continue to vest in accordance with the
vesting schedule set forth in Paragraph 3 above, subject to the requirements of
Paragraph 5 of this

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	 	 	 	Agreement, but in no event later than the one year anniversary of your Date of
Termination.
	 
	 	(b)	 	Death. In the event that you should die while you are continuing to perform
services for the Company or following Retirement, any RSUs that remain unvested as of
the date of your death shall continue to vest in accordance with the vesting schedule
set forth in Paragraph 3 above, but in no event later than the one year anniversary of
your Date of Termination.
	 
	 	(c)	 	Good Reason. If your employment with the Company terminates for Good Reason, any
RSUs that remain unvested as of your Date of Termination shall vest as set forth in the
Plan.
	 
	 	(d)	 	Other Termination. If your employment with the Company terminates for any reason
other than as set forth in subparagraphs (a), (b) or (c) above, including without
limitation any voluntary termination of employment or an involuntary termination for
Cause, no further vesting will occur and you will immediately forfeit all of your rights
in any RSUs that remain unvested as of your Date of Termination.

	5.	 	Non-Solicitation/Confidential Information. In partial consideration for the RSUs
granted to you hereunder, you agree that you shall not, during the term of your employment by
the Company and for 12 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 other 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 that the breach or threatened breach of this Paragraph 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 threatened breach of this Paragraph 5. Any breach by you
of the provisions of this Paragraph 5 will, at the option of the Company and in addition to
all other rights and remedies available to the Company at law, in equity or under this
Agreement, result in the immediate forfeiture of all of your rights in any RSUs that remain
unvested as of the date of such breach.
	 
	 	 	“Confidential Information” as used herein shall mean technical or business information 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;

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	 	 	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.	 	Dividends. An amount equal to the dividends payable on the shares of Common Stock
represented by your unvested RSUs will be paid directly to you as soon as practicable
following the date on which a dividend is declared by the Company. These payments will be
calculated based upon the number of RSUs credited to your account as of the record date.
These payments will be reported as income to the applicable taxing authorities, and federal,
state, local and/or foreign income and/or any employment taxes will be withheld from such
payments as and to the extent required by applicable law.
	 
	7.	 	Distribution. All RSU distributions will be made in the form of actual shares of
Common Stock and will be distributed to you on one of the following dates (each, a
“Distribution Date”):

	 	(a)	 	Default Distribution Date. Shares of Common Stock representing your RSUs will
be distributed to you on the date the RSUs vest, or, if such date is not a business
day, on the next business day, unless you have already made an election to defer
receipt to a later date[, as provided in subparagraph (b) below].
	 
	 	(b)	 	[Deferred Distribution Date. You may have elected to defer distribution of
your RSUs to a date subsequent to the Default Distribution Date by providing a written
election form to the Company in accordance with the provisions of Internal Revenue
Code Section 409A.]
	 
	 	(c)	 	Section 16 Reporting Person Exception. If you are a reporting person of the
Company under Section 16 of the Securities Act of 1934 on the Distribution Date, the
Distribution Date will automatically be deferred to the close of business on the day
following the last day of your employment with the Company.
	 
	 	(d)	 	Specified Employee. If you are a “specified employee,” as defined in Internal
Revenue Code section 409A(a)(2)(B)(i) on your deferred distribution date, your
distribution will be automatically deferred until the date that is six (6) months
after your “separation from service,” regardless of your deferred distribution
election.

	 	 	Subject to Paragraph 7(d), certificates representing the distributed shares of Common Stock
will be delivered to the firm maintaining your account as soon as practicable after a
Distribution Date occurs. Notwithstanding the foregoing, and

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	 	 	subject to Paragraph 7(d), all vested RSUs will be immediately distributed to you at the
close of business on the day following the last day of your employment with the Company, or
as soon as practicable thereafter, if you terminate employment with the Company for any
reason and deferred RSUs that vest after the date of your termination will be immediately
distributed to you as they vest, despite any deferral election. Notwithstanding the
foregoing, RSU distributions will be made at a date other than as described above to the
extent necessary to comply with the requirements of Internal Revenue Code section 409A.
	 
	8.	 	Impact on Benefits. [To the extent that your RSU Award is or is related
to an annual RSU award,] the face value of the award on the date of
the grant (the number of RSUs multiplied by the closing price, as
listed on the New York Stock Exchange, of the shares of Common Stock
represented by the RSUs on the date of the grant) will be included as
compensation for the year of the grant for purposes of the H.J. Heinz
Company Supplemental Executive Retirement Plan and the H.J. Heinz
Company Employees Retirement and Savings Excess Plan, regardless of
whether or not the RSUs subsequently vest.
	 
	9.	 	Tax Withholding. On the Distribution Date, the Company will withhold a
number of shares of Common Stock that is equal, based on the Fair
Market Value of the Common Stock on the Distribution Date, to the
amount of the federal, state, local, and/or foreign income and/or
employment taxes required to be collected or withheld with respect to
the distribution, or make arrangements satisfactory to the Company for
the collection thereof.
	 
	10.	 	Non-Transferability. Your RSUs may not be sold, transferred, pledged,
assigned or otherwise encumbered except by will or the laws of descent
and distribution. You may also designate a beneficiary(ies) in the
event that you die before a Distribution Date occurs, who shall
succeed to all your rights and obligations under this Agreement and
the Plan. If you do not designate a beneficiary, your RSUs will pass
to the person or persons entitled to receive them under your will. If
you shall have failed to make a testamentary disposition of your RSUs
in your will or shall have died intestate, your RSUs will pass to the
legal representative or representatives of your estate.
	 
	11.	 	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 Company to terminate your employment at any
time, with or without cause, and with or without notice.
	 
	12.	 	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 and number of RSUs
held) by the Company or a third party engaged by the Company for the purpose of implementing,

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	 	 	administering and managing the Plan and any other stock option or stock incentive plans of
the Company (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.
	 
	13.	 	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 RSUs 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 RSUs in the future, and does not create any contractual or other right to receive an award
of RSUs, compensation or benefits in lieu of RSUs or any other compensation or benefits in the
future.
	 
	14.	 	Compliance with Stock Ownership Guidelines. All RSUs granted to you under this
Agreement shall be counted as shares of Common Stock that are owned by you for purposes of
satisfying the minimum share requirements under the Company’s Stock Ownership Guidelines
(“SOG”). Notwithstanding the foregoing, you acknowledge and agree that, with the exception of
the number of shares of Common Stock withheld to satisfy income tax withholding requirements
pursuant to Paragraph 9 above, the shares of Common Stock represented by the RSUs granted to
you hereunder cannot be sold or otherwise transferred, even after the Distribution Date,
unless and until you have met SOG’s minimum share ownership requirements. The Management
Development & Compensation Committee will not approve additional RSU awards to you unless you
are in compliance with the terms of this Paragraph 14 and the SOG requirements.
	 
	15.	 	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.

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This RSU Award is subject to your on-line acceptance of the terms and conditions of this
Agreement through the Fidelity website.

	 	 	 	 	 	 
	 	 	H. J. HEINZ COMPANY
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	By:
	 	/s/ William R. Johnson
	 

	 	 	 	 
	 

	 	 	 	William R. Johnson

Chairman of the Board, President and

Chief Executive Officer

	 	 	 	 
	Accepted:
	 	 
	 

	 	 
	 
	 	 
	Date:
	 	 
	 

	 	 

6EX-10.A.XXXIV

 

    Exhibit
10(a)(xxxiv)
    

 

    H. J.
    Heinz Company

    Amended and Restated Fiscal Year 2003 Stock Incentive
    Plan

 

		
	
    1.  
	
    Purposes

 

    The purposes of the Plan are to promote the growth and
    profitability of the Company by enabling it to attract and
    retain the best available personnel for positions of substantial
    responsibility; to motivate Participants, by means of
    appropriate incentives, to achieve long-range goals; to provide
    incentive compensation opportunities that are competitive with
    those of other similar companies; and to align
    Participants’ interests with those of the Company’s
    other shareholders through compensation that is based on the
    Company’s Common Stock and thereby promote the long-term
    financial interest of the Company and its Subsidiaries,
    including the growth in value of the Company’s equity and
    enhancement of long-term shareholder return.

 

		
	
    2.  
	
    Effective
    Date

 

    Subject to the approval of the shareholders of the Company at
    the annual meeting of the Company’s shareholders on
    September 12, 2002, the Plan shall be effective as of
    September 12, 2002. The Plan shall be unlimited in duration
    and, in the event of Plan termination, shall remain in effect as
    long as any Awards under it are outstanding.

 

		
	
    3.  
	
    Definitions

 

    Capitalized terms used in this Plan have the meanings specified
    in this Section 3:

 

    “Award” means a grant to a Participant of Options,
    Stock Appreciation Rights, Restricted Stock, Restricted Stock
    Units, Performance Shares, Cash Awards, or any combination
    thereof.

 

    “Award Grant” means the written notification or
    agreement confirming an Award and setting forth the terms and
    conditions thereof.

 

    “Board of Directors” means the Board of Directors of
    the Company.

 

    “Cash Award” means the right to receive cash with the
    amount of such cash subject to achievement of specified
    Performance Goals and subject to such other restrictions and
    conditions as may be established by the Committee.

 

    “Cause” means an act of dishonesty, moral turpitude or
    an intentional or grossly negligent act detrimental to the best
    interests of the Company or a Subsidiary, as determined by the
    Committee; provided that, if a Participant is a party to a
    Severance Protection Agreement with the Company, and such
    Participant’s employment with the Company is terminated in
    a manner such that the Participant is entitled to any payments
    or benefits (including accrued payments or benefits) under the
    terms of the Severance Protection Agreement, then
    “Cause” for purposes of this Plan shall have the
    meaning set forth in the Severance Protection Agreement.

 

    “Change in Control” means any of the following events:

 

    (1) An acquisition (other than directly from the Company)
    of any voting securities of the Company (the “Voting
    Securities”) by any “Person” (as the term person
    is used for purposes of Section 13(d) or 14(d) of the
    Exchange Act) immediately after which such Person has
    “Beneficial Ownership” (within the meaning of
    Rule 13d-3
    promulgated under the Exchange Act) of twenty percent (20%) or
    more of the combined voting power of the Company’s then
    outstanding Voting Securities; provided, however, that in
    determining whether a Change in Control has occurred, Voting
    Securities which are acquired in a “Non-Control
    Acquisition” (as hereinafter defined) shall not constitute
    an acquisition

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    which would cause a Change in Control. A “Non-Control
    Acquisition” means an acquisition by (i) an employee
    benefit plan (or a trust forming a part thereof) maintained by
    the Company or any Subsidiary, (ii) the Company or any
    Subsidiary, or (iii) any Person in connection with a
    transaction described in paragraph (3) below.

 

    (2) The individuals who, as of the Effective Date, are
    members of the Board of Directors (the “Incumbent
    Board”), cease for any reason to constitute at least
    two-thirds of the Board of Directors; provided, however, that if
    the election, or nomination for election by the Company’s
    shareholders, of any new director was approved by a vote of at
    least two-thirds of the Incumbent Board, such new director
    shall, for purposes of this Plan, be considered as a member of
    the Incumbent Board; provided, further, however, that no
    individual shall be considered a member of the Incumbent Board
    if such individual initially assumed office as a result of
    either an actual or threatened “Election Consent” (as
    described in
    Rule 14a-11
    promulgated under the Exchange Act) or other actual or
    threatened solicitation of proxies or consents by or on behalf
    of a Person other than the Board of Directors (a “Proxy
    Contest”) including by reason of any agreement intended to
    avoid or settle any Election Contest or Proxy Contest.

 

    (3) A merger, consolidation or reorganization involving the
    Company or a subsidiary of the Company, unless

 

    (i) the Voting Securities of the Company, immediately
    before such merger, consolidation or reorganization, continue
    immediately following such merger, consolidation or
    reorganization to represent, either by remaining outstanding or
    by being converted into voting securities of the surviving
    corporation resulting from such merger, consolidation or
    reorganization or its parent (the “Surviving
    Corporation”), at least sixty percent (60%) of the combined
    voting power of the outstanding voting securities of the
    Surviving Corporation;

 

    (ii) the individuals who were members of the Incumbent
    Board immediately before the execution of the agreement
    providing for such merger, consolidation or reorganization
    constitute more than one-half of the members of the board of
    directors of the Surviving Corporation; and

 

    (iii) no person (other than the Company, any Subsidiary,
    any employee benefit plan (or any trust forming a part thereof)
    maintained by the Company, the Surviving Corporation or any
    Subsidiary, or any Person who, immediately before such merger,
    consolidation or reorganization had Beneficial Ownership of
    fifteen percent (15%) or more of the then outstanding Voting
    Securities) has Beneficial Ownership of fifteen percent (15%) or
    more of the combined voting power of the Surviving
    Corporation’s then outstanding voting securities.

 

    (4) A complete liquidation or dissolution of the Company.

 

    (5) Completion of the sale or other disposition of all or
    substantially all of the assets of the Company to any Person
    (other than a transfer to a Subsidiary).

 

    (6) Any other transaction involving the Company designated
    as a “Change in Control” by a majority of the Board of
    Directors.

 

    Notwithstanding the foregoing, a Change in Control shall not be
    deemed to occur solely because any Person (the “Subject
    Person”) acquired Beneficial Ownership of more than the
    permitted amount of the outstanding Voting Securities as a
    result of the acquisition of Voting Securities by the Company
    which, by reducing the number of Voting Securities outstanding,
    increases the proportional number of shares Beneficially Owned
    by the Subject Person, provided that if a Change in Control
    would occur (but for the operation of this sentence) as a

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    result of the acquisition of Voting Securities by the Company,
    and after such share acquisition by the Company the Subject
    Person becomes the Beneficial Owner of any additional voting
    Securities which increases the percentage of the then
    outstanding Voting Securities Beneficially Owned by the Subject
    Person, then a Change in Control shall occur.

 

    “Code” means the Internal Revenue Code of 1986, as
    amended.

 

    “Committee” means the Management Development and
    Compensation Committee of the Board of Directors described in
    Section 4, or any committee or other person or persons
    designated by the Board of Directors as successor to the powers
    and duties of the Management Development and Compensation
    Committee as described in Section 4.

 

    “Common Stock” means the Company’s common stock,
    par value $.25 per share, except as this definition may be
    modified as provided in Section 13.

 

    “Company” means H. J. Heinz Company, a Pennsylvania
    corporation.

 

    “Covered Employee” means a person defined as such in
    Code section 162(m)(3) and the regulations thereunder (or
    any successor section and regulations thereunder).

 

    “Date of Termination” means the first day occurring on
    or after the date or grant of an Award on which the Participant
    is not performing services for the Company or any Subsidiary,
    regardless of the reason for cessation of services; provided
    that a cessation of services shall not be deemed to occur by
    reason of a transfer of a Participant between the Company and a
    Subsidiary or between two Subsidiaries; and further provided
    that a Participant’s services shall not be considered
    terminated while the Participant is on an approved leave of
    absence from the Company or a Subsidiary. If, as a result of a
    sale or other transaction, the organization for which a
    Participant is performing services ceases to be the Company or a
    Subsidiary and the Participant is not, at the end of the
    30-day
    period following the transaction, performing services for the
    Company or an organization that is then a Subsidiary, then the
    occurrence of such transaction shall be treated as the
    Participant’s Date of Termination.

 

    “Director” means any member of the Board of Directors
    who is not an Employee.

 

    “Disability” has the meaning ascribed to such term in
    the Company’s Long Term Disability Plan. For the purposes
    of this Plan, the question whether a Participant’s
    condition shall be considered a Disability shall be determined
    in each case by the Committee and such determination by the
    Committee shall be final and binding. Notwithstanding the
    foregoing, if a Participant is a party to a Severance Protection
    Agreement with the Company, and such Participant’s
    employment with the Company is terminated in a manner that the
    Participant is entitled to any payments or benefits (including
    accrued payments or benefits) under the term of the Severance
    Protection Agreement, then “Disability” for purposes
    of this Plan shall have the meaning set forth in the Severance
    Protection Agreement.

 

    “Effective Date” shall have the meaning set forth in
    Section 2.

 

    “Employee” means any employee of the Company or a
    Subsidiary, including any such person who is an officer or a
    member of the Board of Directors.

 

    “Exchange Act” means the Securities Exchange Act of
    1934, as amended.

 

    “Exercise Period” means the period from the date of
    grant of an Option or Stock Appreciation Right to the Expiration
    Date of such Option or Stock Appreciation Right.

 

    “Exercise Price” means the price established by the
    Committee (or determined according to a method established by
    the Committee) at the time an Option or Stock Appreciation Right
    is granted and shall not be less than 100% of the Fair Market
    Value of a share of Common Stock on the date of grant of the
    Option or Stock Appreciation Right (or, if greater, the par
    value of a

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    share of Common Stock), provided that if a Stock Appreciation
    Right is granted in tandem with an Option that was previously
    outstanding, the Exercise Price of such Stock Appreciation Right
    shall not be less than 100% of the Fair Market Value of a share
    of Common Stock on the date of grant of the Option (or, if
    greater, the par value of a share of Common Stock on such date).

 

    “Expiration Date” means, with respect to an Option or
    Stock Appreciation Right, the date specified in the Award Grant
    after which such Option or Stock Appreciation Right may not be
    exercised; provided that the Expiration Date shall not be later
    than the earliest to occur of:

 

    (i) the ten-year anniversary of the date of grant;

 

    (ii) if the Participant’s Date of Termination occurs
    by reason of Retirement, the five-year anniversary of such Date
    of Termination;

 

    (iii) if the Participant’s Date of Termination occurs
    by reason of death or Disability, the one-year anniversary of
    such Date of Termination;

 

    (iv) if the Participant’s Date of Termination occurs
    by reason of involuntary termination without Cause by the
    Company or a Subsidiary, or by the Participant for Good Reason,
    the 90th day after the Date of Termination unless the
    Committee determines otherwise;

 

    (v) if the Participant’s Date of Termination occurs by
    reason of involuntary termination by the Company or a Subsidiary
    for Cause, the Date of Termination; or

 

    (vi) if the Participant’s Date of Termination occurs
    voluntarily by the Participant or for any other reason not
    described above, the Date of Termination.

 

    The Committee in its sole discretion may establish an Expiration
    Date later than as described above, but not later than the
    ten-year anniversary of the date of grant. Notwithstanding the
    foregoing, if the Participant’s Date of Termination occurs
    by reason of death or Disability or if death or Disability of
    the Participant occurs after Retirement or involuntary
    termination without Cause and before the otherwise applicable
    Expiration Date, the Expiration Date for a Non-Statutory Option
    or Stock Appreciation Right which was exercisable as of the date
    of death or Disability or which becomes exercisable by reason of
    death or Disability shall not be earlier than the first
    anniversary of the date of Date of Termination.

 

    “Fair Market Value” as of any specified date means the
    closing sale price of the Common Stock on the New York Stock
    Exchange—Composite Tape on such date or, if there are no
    sales on such date, on the next day on which there are sales.

 

    “Good Reason” means the occurrence after a Change in
    Control of any of the events or conditions described in the
    following subsection (1) through (5):

 

    (1) a change in the Participant’s title, position,
    duties or responsibilities (including reporting
    responsibilities) which represents an adverse change from the
    Participant’s title, position, duties or responsibilities
    as in effect at any time within 90 days preceding the date
    of the Change in Control or at any time thereafter; or any
    removal of the Participant from or failure to reappoint or
    reelect him or her to any one of such offices or positions,
    except in connection with the termination of the
    Participant’s employment for Disability, Cause, as a result
    of the Participant’s death, or by the Participant other
    than for Good Reason;

 

    (2) a reduction in the Participant’s base salary or
    any failure to pay the Participant any compensation or benefits
    to which the Participant is entitled within five days after the
    date due;

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    (3) the Participant being required by the Company to
    perform the Participant’s regular duties at any place
    outside a
    30-mile
    radius from the place where the Participant’s regular
    duties were performed immediately before the Change in Control,
    except for reasonably required travel on the Company’s
    business which is not materially greater than such travel
    requirements in effect immediately before the Change in Control;

 

    (4) the failure by the Company to provide the Participant
    with compensation and benefits, in the aggregate, at least equal
    (in opportunities) to those provided for under the compensation
    and employee benefit plans, programs and practices in which the
    Participant was participating at any time within 90 days
    preceding the date of a Change in Control or at any time
    thereafter; or

 

    (5) for any Participant who is a party to a Severance
    Protection Agreement with the Company, any additional event or
    condition that constitutes “Good Reason” under such
    Severance Protection Agreement.

 

    Any event or condition described in subsection (1) through
    (5), above, which occurs before a Change in Control but which
    the Participant reasonably demonstrates (a) was at the
    request of a third party who has indicated an intention or taken
    steps reasonably calculated to effect a Change in Control and
    who effectuates a Change in Control or (b) otherwise arose
    in connection with, or in anticipation of, a Change in Control
    which actually occurs, shall constitute Good Reason for purposes
    of this Plan notwithstanding that it occurred before the Change
    in Control.

 

    “Incentive Option” means an Option which is an
    “incentive stock option” as defined in Code
    section 422 (or any successor section thereto).

 

    “Non-Statutory Option” means an Option which is not
    intended to qualify as an Incentive Option as defined above.

 

    “Option” means an Incentive Option or a Non-Statutory
    Option granted by the Company pursuant to the Plan to purchase
    shares of Common Stock at an Exercise Price established by the
    Committee.

 

    “Participant” means an Employee, Director or other
    person selected by the Committee to receive an Award. The term
    shall include any transferee or transferees of any person who
    has received an Award to the extent the transfer is permitted by
    the Plan and the applicable Award Grant.

 

    “Performance Award” means an Award of Performance
    Shares
    and/or a
    Cash Award.

 

    “Performance Goal” means a target based on Performance
    Measures that is established by the Committee in connection with
    a Performance Award; Performance Goals may be established on a
    corporate-wide basis or with respect to one or more business
    units, divisions, or subsidiaries, and may be in either absolute
    terms or relative to the performance of one or more comparable
    companies or an index covering multiple companies.

 

    “Performance Measures” means criteria established by
    the Committee relating to any of the following: revenue;
    earnings before interest, taxes, depreciation and amortization
    (EBITDA); operating income; pre- or after-tax income; cash flow;
    cash flow per share; net earnings; earnings per share; return on
    equity; return on invested capital; return on assets; economic
    value added (or an equivalent metric); share price performance;
    total shareholder return; improvement in or attainment of
    expense levels; improvement in or attainment of working capital
    levels; ability to execute against customer service goals; and
    innovation as measured by a percentage of sales from new
    products. Performance Measures may be applied by excluding the
    impact of charges for restructurings, discontinued operations,
    extraordinary items, and other

5

 

    unusual or non-recurring items, and the cumulative effects of
    accounting changes, each as defined by generally accepted
    accounting principles.

 

    “Performance Share” means a grant of shares of Common
    Stock, Restricted Stock or Restricted Stock Units which are
    contingent on achievement of specified Performance Goals and
    satisfaction of such other restrictions and conditions as may be
    established by the Committee.

 

    “Plan” means the H. J. Heinz Company Fiscal Year 2003
    Stock Incentive Plan.

 

    “Restricted Stock” means a grant of shares of Common
    Stock subject to a risk of forfeiture or other restrictions that
    will lapse upon the completion of service by the Participant, or
    achievement of other objectives, as determined by the Committee.

 

    “Restricted Stock Unit” means a grant of a Stock Unit
    which is subject to a risk of forfeiture or other restrictions
    including those that will lapse upon the completion of service
    by the Participant, or achievement of other objectives, as
    determined by the Committee.

 

    “Retirement” means cessation of services for the
    Company or a Subsidiary by reason of retirement under the
    provisions of any formal retirement plan of the Company or
    Subsidiary.

 

    “Stock Appreciation Right” means a grant which
    entitles the Participant to receive, in cash or Common Stock (as
    determined pursuant to subsection 7(C)), value equal to (or
    otherwise based on) the excess of: (a) the Fair Market
    Value of a specified number of shares of Common Stock at the
    time of exercise over (b) an Exercise Price established by
    the Committee.

 

    “Stock Unit” means a right to receive shares of Common
    Stock in the future.

 

    “Subsidiary” means any corporation, partnership, joint
    venture or other entity during any period in which at least a
    fifty percent voting or profits interest is owned, directly or
    indirectly, by the Company (or by any entity that is a successor
    to the Company), and any other business venture designated by
    the Committee in which the Company (or any entity that is a
    successor to the Company) has a significant interest, as
    determined in the discretion of the Committee.

 

    “Subsidiary Corporation” means any corporation in
    which the Company owns, directly (or indirectly through
    Subsidiary Corporations), at least 50% of the total combined
    voting power of all classes of stock.

 

    “Successor” means the person or persons entitled in
    lieu of the Participant to receive any shares of Common Stock or
    other benefits under the Plan by reason of a beneficiary
    designation, will, laws of intestacy, or family assignments as
    permitted under the Plan. The Successor of a deceased
    Participant shall be the person or persons entitled to do so
    under a beneficiary designation in accordance with
    Section 11 or, if none, under the Participant’s will
    or, if the Participant shall have failed to designate a
    beneficiary or make testamentary disposition of such benefits or
    shall have died intestate, by the Participant’s legal
    representative or representatives.

 

    “Surviving Corporation” means the surviving
    corporation, its parent or any other entity that results from
    any merger, consolidation or reorganization of the Company.

 

		
	
    4.  
	
    Administration

 

    The Plan shall be administered by a Management Development and
    Compensation Committee of not less than three Directors of the
    Company appointed by the Board of Directors. No person shall be
    eligible or continue to serve as a member of such Committee
    unless such person is “independent” as defined by the
    New York Stock Exchange and an “outside director”
    within the meaning of regulations under Code section 162(m).

 

    The Committee shall keep minutes of its meetings. A majority of
    the Committee shall constitute a quorum thereof and the acts of
    a majority of the members present at any meeting

6

 

    of the Committee at which a quorum is present, or acts approved
    in writing by the entire Committee, shall be the acts of the
    Committee.

 

    The Committee shall have the authority and discretion to
    interpret the Plan and to make such rules and regulations and
    establish such procedures for the administration of the Plan as
    it deems appropriate. In the event of any dispute or
    disagreement as to the interpretation of this Plan or of any
    rule, regulation or procedure, or as to any question, right or
    obligation arising from or related to the Plan, the decision of
    the Committee shall be final and binding upon all persons.

 

    Except to the extent prohibited by applicable law or the
    applicable rules of a stock exchange, the Committee may allocate
    all or any portion of its responsibilities and powers to any one
    or more of its members and may delegate all or any part of its
    responsibilities and powers to the Chief Executive Officer of
    the Company or a committee of officers of the Company, except
    with respect to Awards to any Covered Employee or to an officer
    or other person subject to Section 16 of the Exchange Act.
    Any such allocation or delegation may be revoked by the
    Committee at any time.

 

		
	
    5.  
	
    Eligibility

 

    Subject to the provisions of the Plan, the Committee shall
    determine and designate, from time to time, those Employees,
    Directors or other persons who will be granted one or more
    Awards under the Plan, and who thereby will become
    “Participants” in the Plan.

 

    (A) In determining eligibility to receive an Award, as well
    as in determining the type and amount of the Award to any
    Participant, the Committee shall consider the position and
    responsibilities of the person being considered, the nature and
    value to the Company or a Subsidiary of such person’s
    services and accomplishments, such person’s present and
    potential contribution to the success of the Company or its
    Subsidiaries and such other factors as the Committee may deem
    relevant.

 

    (B) The Plan does not constitute a contract of employment
    or for provision of other services, and selection as a
    Participant will not give any participating employee or other
    individual the right to be retained in the employ of or continue
    to provide services to the Company or any Subsidiary or give any
    participating employee or other individual any right or claim to
    any benefit under the Plan, unless such right or claim has
    specifically accrued under the terms of the Plan, nor shall the
    Plan in any way interfere with the right of the Company or any
    Subsidiary to terminate the employment or services of any
    participating employee or other individual at any time.

 

    (C) Neither a Participant nor any other person shall, by
    reason of participation in the Plan, acquire any right in or
    title to any assets, funds or property of the Company or any
    Subsidiary whatsoever, including, without limitation, any
    specific funds, assets, or other property which the Company or
    any Subsidiary, in its sole discretion, may set aside in
    anticipation of a liability under the Plan. A Participant shall
    have only a contractual right to the Common Stock or amounts, if
    any, payable under the Plan, unsecured by any assets of the
    Company or any Subsidiary, and nothing contained in the Plan
    shall constitute a guarantee that the assets of the Company or
    any Subsidiary shall be sufficient to pay any benefits to any
    person.

7

 

 

		
	
    6.  
	
    Shares
    Available

 

    Subject to the provisions of Section 13, the type and
    number of shares of Common Stock for which Awards may be granted
    under the Plan shall be determined in accordance with this
    Section 6:

 

    (A) The shares of Common Stock with respect to which Awards
    may be made under the Plan shall be shares authorized but
    unissued or currently held or shares reacquired by the Company
    and presently or hereafter held as treasury shares, including
    shares purchased in the open market or in private transactions.

 

    (B) Subject to the following provisions of this
    Section 6, the maximum number of shares of Common Stock
    that may be delivered to Participants and their Successors under
    the Plan shall be equal to the sum of: (i) seventeen
    million (17,000,000) shares of Common Stock; (ii) any
    shares of Common Stock subject to Awards under this Plan which
    are forfeited, expire or are canceled or settled in cash without
    delivery of shares of Common Stock; (iii) any shares of
    Common Stock tendered (either actually or through attestation)
    to pay the Exercise Price of any Option or to satisfy
    withholding taxes; and (iv) any shares of Common Stock
    withheld for payment of withholding taxes.

 

    (C) The following additional limitations are imposed on the
    shares of Common Stock that may be delivered to Participants and
    their Successors as provided above.

 

    (1) The maximum number of shares of Common Stock that may
    be issued by Options intended to be Incentive Options shall be
    nine million (9,000,000) shares.

 

    (2) The maximum number of shares of Common Stock that may
    be issued in conjunction with Awards granted pursuant to
    Section 9 (relating to Other Stock Awards) and
    Section 10 (relating to Performance Shares) shall be, in
    the aggregate, fifty percent (50%) of the total shares reserved
    for Awards pursuant to paragraph (B) above.

 

    (3) The maximum number of shares that may be covered by
    Awards granted to any one individual pursuant to Section 8
    (relating to Options and Stock Appreciation Rights) shall be
    three million (3,000,000) shares during any 36 month
    period. If an Option is in tandem with a Stock Appreciation
    Right, such that the exercise of the Option or Stock
    Appreciation Right with respect to a share of Common Stock
    cancels the tandem Stock Appreciation Right or Option,
    respectively, with respect to such share, the tandem Option and
    Stock Appreciation Right with respect to each share of Common
    Stock shall be counted as covering but one share of Common Stock
    for purposes of applying the limitations of this
    subparagraph (3).

 

    (4) The maximum number of shares that may be covered by
    Awards granted to any one individual pursuant to Section 9
    (relating to Other Stock Awards) and Section 10 (relating
    to Performance Shares) shall be, in the aggregate, one million
    (1,000,000) shares during any 36 month period.

 

    (5) For Cash Awards that are intended to be
    “performance-based compensation” (within the meaning
    of regulations under Code section 162(m)), the maximum
    Awards payable in cash to any one individual for a
    36-month
    performance period shall not exceed ten million dollars
    ($10,000,000). Such maximum shall be reduced proportionately in
    the case of a performance period of less than 36 months and
    shall be increased proportionately for a performance period of
    longer than 36 months (but no further adjustment shall be
    made in the case of a performance period of greater than
    60 months). If, after an amount has been earned with
    respect to a Cash Award, the delivery of such amount is deferred
    pursuant to Section 7(B), any additional

8

 

    amount attributable to earnings during the deferral period shall
    be disregarded for purposes of this limitation.

 

		
	
    7.  
	
    Awards

 

    The Committee shall have full and complete authority, in its
    discretion, subject to the provisions of the Plan, to grant
    Awards to Participants consisting of Options, Stock Appreciation
    Rights, Restricted Stock, Restricted Stock Units, Performance
    Shares, Cash Awards or any combination thereof, as more fully
    described in Sections 8 through 10, subject to such
    terms and conditions as the Committee deems appropriate. Awards
    may be granted singly, in combination or in tandem so that the
    settlement or payment of one automatically reduces or cancels
    the other. Awards may also be made in combination or in tandem
    with, in replacement of, as alternatives to, or as the payment
    form for, grants or rights under any other compensation plan of
    the Company or any Subsidiary, including the plan of any
    acquired entity.

 

    (A) Dividends
    and Dividend Equivalents
    

 

    The Committee may provide that Awards denominated in Common
    Stock earn dividends or dividend equivalents. Such dividend
    equivalents may be paid currently in cash or shares of Common
    Stock or may be credited to an account established by the
    Committee under the Plan in the name of the Participant. In
    addition, dividends or dividend equivalents paid on outstanding
    Awards or issued shares may be credited to such account rather
    than paid currently. Any crediting of dividends or dividend
    equivalents may be subject to such restrictions and conditions
    as the Committee may establish, including reinvestment in
    additional shares or share equivalents.

 

		
	
    (B) 
    
	
    Deferrals
    

 

    The Committee may require or permit Participants to elect to
    defer the issuance of shares or the settlement of Awards in cash
    under such rules and procedures as it may establish under the
    Plan. It may also provide that deferred settlements include the
    payment or crediting of interest on the deferral amounts,
    conversion of deferred amounts into deferred Common Stock (or
    other) equivalents, or the payment or crediting of dividend
    equivalents on deferred settlements denominated in shares.

 

    (C) Settlements
    

 

    Settlement of Awards may be in the form of cash, shares of
    Common Stock, other Awards, or in such combinations thereof as
    the Committee shall determine at the time of grant, and with
    such restrictions as it may impose.

 

		
	
    8.  
	
    Options
    and Stock Appreciation Rights

 

    The Committee may grant Options containing such terms and
    conditions as shall be requisite, in the judgment of the
    Committee, to constitute either Incentive Options or
    Non-Statutory Options. Non-Statutory Options shall be identified
    as such in the Award Grant. The Committee may grant Stock
    Appreciation Rights either (i) independently of Options or
    (ii) in tandem with Options such that the exercise of the
    Option or Stock Appreciation Right with respect to a share of
    Common Stock cancels the tandem Stock Appreciation Right or
    Option, respectively, with respect to such share. The grant of
    each Option or Stock Appreciation Right shall be confirmed in
    writing by an Award Grant in the form prescribed by the
    Committee.

9

 

 

		
	
    (A) 
    
	
    Exercise
    Price
    

 

    At the time an Option or Stock Appreciation Right is granted,
    the Committee shall determine the Exercise Price. Except for
    adjustments as provided in Section 13, the Exercise Price
    for any outstanding Option or Stock Appreciation Right may not
    be decreased after the date of grant nor may any outstanding
    Option or Stock Appreciation Right be surrendered to the Company
    as consideration for the grant of a new Option or Stock
    Appreciation Right with a lower Exercise Price.

 

    (B) Exercise
    Period
    

 

    Each Option or Stock Appreciation Right granted under this Plan
    shall be exercisable during such period and under such
    circumstances as the Committee shall determine, subject to the
    following rules unless otherwise determined by the Committee:

 

    (1) An Option or Stock Appreciation Right must be exercised
    prior to the Expiration Date.

 

    (2) With respect to any Option or Stock Appreciation Right
    granted on or prior to May 16, 2005, each Option or Stock
    Appreciation Right shall become immediately exercisable upon the
    occurrence of a Change in Control whether or not otherwise then
    exercisable under this Plan or the provisions of the applicable
    Award Grant relating thereto. With respect to any Option or
    Stock Appreciation Right granted on or after May 17, 2005,
    such Option or Stock Appreciation Right shall become immediately
    vested and exercisable as to 100% of the shares of Common Stock
    subject to the Option or Stock Appreciation Right upon
    (i) the occurrence of a Change in Control if such Option or
    Stock Appreciation Right is not assumed, substituted or replaced
    by a Surviving Corporation or other successor to the business of
    the Company with an award of equivalent value, or (ii) if
    clause (i) does not apply, the termination of the
    Participant’s employment with or services for the Company
    within 24 months following a Change in Control if such
    termination is (a) by the Company for reasons other than
    Cause or (b) by the Participant for Good Reason, but, in
    either case of clause (i) or (ii), only to the extent the
    Option or Stock Appreciation Right has not otherwise been
    terminated and canceled or become exercisable as of such date.

 

    (3) The effect of a Participant’s cessation of
    performance of services for the Company and its Subsidiaries
    shall be as follows:

 

    (i) Retirement. If cessation of performance of services is
    the result of Retirement, the Participant may exercise any
    outstanding Option or Stock Appreciation Right at any time after
    and to the extent that such Option or Stock Appreciation Right
    has become exercisable under the terms of the applicable Award
    Grant and before the applicable Expiration Date.

 

    (ii) Death. If a Participant dies while the Participant is
    continuing to perform services for the Company or a Subsidiary
    or during the period following Retirement and before the
    Expiration Date, the Successor may exercise the
    Participant’s Options or Stock Appreciation Rights at any
    time prior to the applicable Expiration Date, whether or not
    such Options or Stock Appreciation Rights were otherwise
    exercisable on the date of the Participant’s death under
    this Plan or the applicable Award Grant.

 

    (iii) Disability. If the Committee determines that a
    Participant ceased to perform services for the Company or a
    Subsidiary because of Disability, any Option or Stock
    Appreciation Right held by such Participant on the Date of
    Termination may be exercised (whether or not such Option or
    Stock Appreciation Right was otherwise

10

 

    exercisable on the Date of Termination under this Plan or the
    provisions of the Award Grant relating thereto) at any time
    prior to the Expiration Date.

 

    (iv) Involuntary Termination without Cause. If the
    Participant ceases to perform services for the Company and its
    Subsidiaries involuntarily without Cause, the Participant may
    exercise any outstanding Option or Stock Appreciation Right at
    any time after and to the extent that such Option or Stock
    Appreciation Right has become exercisable under the terms of the
    applicable Award Grant and before the applicable Expiration Date.

 

    (v) Involuntary Termination for Cause. If a Participant
    ceases to perform services for the Company and its Subsidiaries
    involuntarily for Cause, any outstanding Options held by such
    Participant shall be immediately cancelled on such Date of
    Termination.

 

    (vi) Other Termination. If a Participant ceases to perform
    services for the Company and its Subsidiaries for any reason
    other than as set forth in subparagraphs (i) through
    (v) above, the Participant may exercise any outstanding
    Option or Stock Appreciation Right at any time after and to the
    extent that such Option or Stock Appreciation Right has become
    exercisable under the terms of the applicable Award Grant and
    before the applicable Expiration Date.

 

    (C) Exercise
    Procedures
    

 

    Each Option or Stock Appreciation Right granted under this Plan
    may be exercised to the extent exercisable, in whole or in part
    at any time during the Exercise Period, for such number of
    shares as shall be prescribed by the provisions of the Award
    Grant evidencing such Option, provided that:

 

    (1) An Option or Stock Appreciation Right may be exercised
    by the Participant or a Successor only by written notice (in the
    form prescribed by the Committee) to the Company specifying the
    number of shares to which such notice applies.

 

    (2) The aggregate Exercise Price of the shares as to which
    an Option may be exercised shall be, in the discretion of the
    Committee, (a) paid in U.S. funds by any one or any
    combination of the following: cash, (including check, draft or
    wire transfer made payable to the order of the Company), or
    delivery of Common Stock certificates endorsed in blank or
    accompanied by executed stock powers with signatures guaranteed
    by a national bank or trust company or a member of a national
    securities exchange evidencing shares of Common Stock which have
    been held for more than six months (or such other period of time
    as the Committee deems appropriate), whose value shall be deemed
    to be the Fair Market Value on the date of exercise of such
    Common Stock, or (b) deemed to be paid in full provided the
    notice of the exercise of an Option is accompanied by a copy of
    irrevocable instructions to a broker to promptly deliver to the
    Company the amount of sale or loan proceeds sufficient to cover
    the Exercise Price or (c) paid upon such terms and
    conditions, including provision for securing the payment of the
    same, as the Committee, in its discretion, shall provide.

 

    (3) As soon as practicable after receipt by the Company of
    notice of exercise and of payment in full of the Exercise Price
    of the shares with respect to which an Option has been
    exercised, a certificate or certificates representing such
    shares shall be registered in the name or names of the
    Participant or Successor and shall be delivered to the
    Participant or Successor. If any part of the Exercise Price is
    paid on a deferred basis (to the extent such deferral is
    permitted by the Committee), the shares for which payment has
    been deferred shall be registered in the name of the Participant
    or Successor but the certificate

11

 

    or certificates representing such shares shall not be delivered
    to the Participant or Successor until the Exercise Price for
    such shares has been paid in full.

 

    (D) Special
    Rules Relating to Incentive Options
    

 

    (1) No Incentive Option may be granted to an individual who
    is not an Employee of the Company or a Subsidiary Corporation.

 

    (2) No Incentive Option may be granted on or after the
    10th anniversary of the Effective Date.

 

    (3) The aggregate Fair Market Value (determined as of the
    time the Option is granted) of the Common Stock with respect to
    which Incentive Options are exercisable for the first time
    during any calendar year by an Employee under all plans of the
    Company and its Subsidiaries shall not exceed the greater of
    $100,000 or such sum as may from time to time be permitted under
    Code section 422.

 

		
	
    9.  
	
    Other
    Stock Awards

 

    The Committee may make Awards consisting of Restricted Stock or
    Restricted Stock Units, containing such terms and conditions,
    and subject to such restrictions and contingencies as the
    Committee shall determine, subject to the provisions of the
    Plan. Vesting of Restricted Stock Unit Awards granted to other
    than Directors that are not granted in lieu of other
    compensation or to replace forfeited awards from a prior service
    recipient shall require either the achievement of Performance
    Measures or other performance objectives, or the completion of a
    specified period of service with the Company or the
    Subsidiaries. If the right to become vested in a Restricted
    Stock Award or Restricted Stock Unit Award granted under this
    Section 9 is conditioned on the completion of a specified
    period of service with the Company or the Subsidiaries, without
    achievement of Performance Measures or other performance
    objectives being required as a condition of vesting, and without
    it being granted in lieu of other compensation or to replace
    forfeited awards from a prior service recipient, then the
    required period of service for full vesting shall be not less
    than three years, subject to acceleration of vesting in the
    following circumstances:

 

    (A) to the extent permitted by the Committee, in the event
    of the Participant’s death, Disability, or involuntary
    termination without Cause; or

 

    (B) with respect to Awards granted on or prior to
    May 16, 2005, in the event of a Change in Control, unless
    such Award is replaced by an award of equivalent value provided
    by the Surviving Corporation which replacement award vests not
    later than the replaced Award and, to the extent not previously
    vested, vests in full in the event of any involuntary cessation
    of performance of services for the Surviving Corporation
    following the Change in Control (other than involuntary
    termination by reason of an act of dishonesty, moral turpitude
    or an intentional or grossly negligent act detrimental to the
    best interests of the Surviving Corporation) unless otherwise
    determined by the Committee at the time of the Award; and

 

    (C) with respect to any Award granted on or after
    May 17, 2005, unless otherwise provided by the Committee in
    any individual Award Agreement at the time of grant, upon
    (i) the occurrence of a Change in Control if such Award is
    not assumed, substituted or replaced by a Surviving Corporation
    or other successor to the business of the Company with an award
    of equivalent value, or (ii) if clause (i) does not
    apply, the termination of the Participant’s employment with
    or services for the Company within 24 months following a
    Change in Control if such termination is by the Company for
    reasons other than Cause or by the Participant for Good Reason
    but, in either case of clause (i) or (ii),

12

 

    only to the extent the Award has not otherwise been terminated
    and canceled as of such date.

 

		
	
    10.  
	
    Performance
    Awards

 

    The Committee may make Awards consisting of Performance Shares
    or Cash Awards, containing such terms and conditions, and
    subject to such restrictions and contingencies as the Committee
    shall determine, subject to the provisions of the Plan.
    Performance Awards shall be conditioned on the achievement of
    Performance Goals, based on one or more Performance Measures, as
    determined by the Committee, over a performance period (not less
    than one year) prescribed by the Committee. For Awards under
    this Section 10 intended to be “performance-based
    compensation” within the meaning of regulations under Code
    section 162(m), the grant of the Awards and the performance
    goals shall be made during the period required under Code
    section 162(m). In the event that a Change in Control
    occurs after a Performance Award has been granted but before
    completion of the applicable performance period, a pro rata
    portion of such Award shall become payable as of the date of the
    Change in Control to the extent otherwise earned on the basis of
    achievement of the pro rata portion of the Performance Goals
    relating to the portion of the performance period completed as
    of the date of the Change in Control.

 

		
	
    11.  
	
    Non-Transferability

 

    Unless otherwise designated by the Committee to the contrary,
    each Award granted under the Plan shall by its terms be
    non-transferable by the Participant (except by will or the laws
    of descent and distribution). An Option or Stock Appreciation
    Right shall be exercisable during the Participant’s
    lifetime only by the Participant, his or her guardian or legal
    representative or by such other means as the Committee may
    approve from time to time that is not inconsistent with or
    contrary to the provisions of either Section 16(b) of the
    Exchange Act or
    Rule 16b-3,
    as either may be amended from time to time, or any law, rule,
    regulation or other provision that may hereafter replace such
    Rule. A Participant may also designate a beneficiary to exercise
    his or her Awards after the Participant’s death. The
    Committee may amend outstanding Awards to provide for transfer,
    without payment of consideration, to immediate family members of
    the Participant or to trusts or partnerships for such family
    members.

 

		
	
    12.  
	
    Listing
    and Registration of Shares

 

    If at any time the Board of Directors shall determine, in its
    discretion, that the listing, registration or qualification of
    any of the shares subject to Awards under the Plan upon any
    securities exchange or under any state or federal law, or the
    consent or approval of any governmental regulatory body, is
    necessary or desirable as a condition of or in connection with
    the purchase or issue of shares thereunder, no outstanding
    Awards which would result in the purchase or issuance of shares
    may be exercised or otherwise settled unless such listing,
    registration, qualification, consent or approval shall have been
    effected or obtained free of any conditions not acceptable to
    the Board of Directors. The Board of Directors may require any
    Participant to make such representations and furnish such
    information as it may consider appropriate in connection with
    the issuance or delivery of the shares in compliance with
    applicable law and shall have the authority to cause the Company
    at its expense to take any action related to the Plan which may
    be required in connection with such listing, registration,
    qualification, consent or approval.

13

 

 

		
	
    13.  
	
    Adjustments

 

    The Committee will make such adjustments as it deems appropriate
    to meet the intent of the Plan in the event of changes that
    impact the Company’s share price or share status, provided
    that any such actions are consistently and equitably applicable
    to all affected Participants.

 

    In the event of any stock dividend, stock split, combination or
    exchange of shares, merger, consolidation, reorganization,
    spin-off or other distribution (other than normal cash
    dividends) of Company assets to shareholders, or any other
    change affecting shares, such adjustments to reflect such change
    shall be made by the Committee with respect to (i) the
    aggregate number of shares
    and/or kind
    of shares that may be issued under the Plan or that may be
    subject to Awards of a specified type
    and/or to
    any individual; (ii) the number of shares
    and/or kind
    of shares covered by outstanding Awards to any individual under
    the Plan;
    and/or
    (iii) the applicable price per share with respect to any
    outstanding Options, Stock Appreciation Rights and other Awards
    under the Plan.

 

		
	
    14.  
	
    Tax
    Withholding

 

    Delivery of any shares or any other benefits under the Plan is
    subject to withholding of applicable taxes. The Committee
    unilaterally or by arrangement with the Participant or Successor
    shall make appropriate provision for satisfaction of withholding
    taxes in the case of any transaction under the Plan which gives
    rise to a withholding requirement. The Committee, in its
    discretion, and subject to such requirements as the Committee
    may impose prior to the occurrence of such withholding, may
    permit such withholding obligations to be satisfied through cash
    payment by the Participant, through the surrender of shares of
    Common Stock which the Participant already owns and which have
    been held for more than six months (or such other period of time
    that the Committee deems appropriate), or (to the extent of
    minimum statutory withholding requirements) through withholding
    of shares of Common Stock to which the Participant is otherwise
    entitled under the Plan.

 

		
	
    15.  
	
    Amendments
    and Termination

 

    The Board of Directors may amend this Plan as it shall deem
    advisable, except that the Board of Directors may not, without
    further approval of the shareholders of the Company subject to
    Section 13, (a) increase the total number of shares of
    Common Stock which may be issued under the Plan as set forth in
    Section 6(B) or the maximum number of shares that may be
    issued, as provided in Section 6(C), (b) change the
    class of individuals eligible for Awards, or (c) change the
    rules governing Exercise Price. The Board of Directors may, in
    its discretion, terminate this Plan at any time. No amendment or
    termination may, in the absence of written consent to the change
    by the affected Participant (or, if the Participant is not then
    living, the affected Successor), adversely affect the rights of
    any Participant or Successor under any Award granted under the
    Plan prior to the date such amendment is adopted, provided that
    adjustments pursuant to Section 13 are not be subject to
    such limitation. Subject to the foregoing and the requirements
    of Code section 162(m), the Board of Directors may without
    further action on the part of the shareholders of the Company or
    the consent of Participants, amend the Plan, (a) to permit
    or facilitate qualification of Options thereafter granted under
    the Plan as Incentive Options, (b) to ensure compliance
    with recently enacted provisions of Code Section 409A
    governing the timing of deferral elections, distribution
    requirements, and changes in distribution elections, with
    respect to nonqualified deferred compensation arrangements, and
    (c) to preserve the Company’s tax deduction under Code
    section 162(m).

14

 

 

		
	
    16.  
	
    Foreign
    Jurisdictions

 

    The Committee may, from time to time, adopt, amend, and
    terminate under the Plan such arrangements, not inconsistent
    with the intent of the Plan, as it may deem necessary or
    desirable to make available tax or other benefits of laws of any
    foreign jurisdiction to Participants who are subject to such
    laws and who receive Awards under the Plan.

 

		
	
    17.  
	
    Compliance
    with Code section 162(m)

 

    With respect to Covered Employees, transactions under the Plan
    are intended to avoid loss of the deduction referred to in
    paragraph (1) of Code section 162(m) or any
    successor section thereto. Anything in the Plan or elsewhere to
    the contrary notwithstanding, to the extent any provision of the
    Plan or action by the Committee fails to so comply or avoid the
    loss of such deduction, it shall be deemed null and void as
    relates to Covered Employees, to the extent permitted by law and
    deemed advisable by the Committee.

 

		
	
    18.  
	
    Notices

 

    All notices under the Plan shall be in writing, and if to the
    Company, shall be delivered to the Secretary of the Company or
    mailed to its principal office, Post Office Box 57,
    Pittsburgh, Pennsylvania 15230, addressed to the attention of
    the Secretary; and if to the Participant, shall be delivered
    personally or mailed to the Participant at the address appearing
    in the payroll records of the Company or a Subsidiary or, if
    applicable, to the Participant’s Successor at the last
    known address appearing in the records of the Company. Such
    addresses may be changed at any time by written notice to the
    other party.

15

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