Document:

EX-4.2

 Exhibit 4.2 
 Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the issuer or its agent for registration of
transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other
entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner hereof, Cede & Co., has an
interest herein. 
 THIS SECURITY IS A GLOBAL
SECURITY AS REFERRED TO IN THE INDENTURE HEREINAFTER REFERENCED. UNLESS AND
UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL
SECURITIES REPRESENTED HEREBY, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT
AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY
OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER
NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE
TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 

UNION PACIFIC CORPORATION 

4.250% NOTE DUE 2043 
  

			
	REGISTERED	  	$325,000,000
		  	
	NO. R-1	  	CUSIP No. 907818 DP0

 UNION PACIFIC CORPORATION, a corporation duly organized and
existing under the laws of the State of Utah (herein called the “Company”, which term includes any successor under the Indenture hereinafter referred to), for value received, hereby promises to pay to 

CEDE & CO. 
 or registered assigns, the principal sum of $325,000,000 at the office or agency of the Company in the Borough of Manhattan, The City of New York, on April 15, 2043 in such coin or currency of the
United States of America as at the time of payment shall be legal tender for the payment of public and private debts, and to pay interest on said principal sum at the rate per annum specified above semiannually on April 15 and October 15
of each year (each, an “Interest Payment Date”), commencing October 15, 2013. Interest shall be paid from the Interest Payment Date, as the case may be, next preceding the date of this Note to which interest on the Notes has
been paid or duly provided for (unless the date hereof is the date to which interest on the Notes has been paid or duly provided for, in which case from the date of this Note), or, if no interest has been paid on the Notes or duly provided for, from
March 15, 2013 until payment of said principal sum has been made or duly provided for. Notwithstanding the foregoing, if the date hereof is after April 1 or October 1 (each, a “Regular Record Date”) and before the
next succeeding Interest Payment Date, this Note shall bear interest from such Interest Payment Date, as the case may be; provided, however, that if the Company shall default in the payment of interest due on such Interest Payment Date, then
this Note shall bear interest from the next 

 
preceding Interest Payment Date to which interest on the Notes has been paid or duly provided for, or if no interest has been paid on the Notes or duly provided for, from March 15, 2013. The
interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, except as provided in the Indenture dated as of December 20, 1996 (herein called the “Indenture”), between the Company and Wells
Fargo Bank, National Association, as successor to Citibank, N.A., as Trustee (herein called the “Trustee”), be paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business
on the next preceding Regular Record Date, whether or not a Business Day, and may, at the option of the Company, be paid by check mailed to the registered address of such Person. Any such interest which is payable, but is not so punctually paid or
duly provided for, shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may be paid either to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business
on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Notes not less than 10 days prior to such Special Record Date, or may be paid at any time in any other
lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed and upon such notice as may be required by such exchange, if such manner of payment shall be deemed practical by the Trustee, all as
more fully provided in the Indenture. Notwithstanding the foregoing, in the case of interest payable at Maturity, such interest shall be paid to the same Person to whom the principal hereof is payable. In the event that any date on which the
principal of or interest on this Note is payable is not a Business Day, then payment of the principal or interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in
respect of any such delay), with the same force and effect as if made on the date the payment was originally payable. 
 Wells
Fargo Bank, National Association is the Paying Agent and the Security Registrar with respect to the Notes. The Company reserves the right at any time to vary or terminate the appointment of any Paying Agent or Security Registrar, to appoint
additional or other Paying Agents and other Security Registrars, which may include the Company, and to approve any change in the office through which any Paying Agent or Security Registrar acts; provided that there will at all times be a
Paying Agent in The City of New York and there will be no more than one Security Registrar for the Notes. 
 This Note is one of
the duly authorized issue of notes, debentures, bonds or other evidences of indebtedness (hereinafter called the “Securities”) of the Company, of the series hereinafter specified, all issued or to be issued under and pursuant to the
Indenture, to which Indenture and any other indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee and any agent of the
Trustee, any Paying Agent, the Security Registrar, the Company and the Holders of the Securities and the terms upon which the Securities are issued and are to be authenticated and delivered. 

The Securities may be issued in one or more series, which different series may be issued in various aggregate principal amounts, may
mature at different times, may bear interest (if any) at different rates, may be subject to different redemption provisions (if any), may be subject to different sinking, purchase or analogous funds (if any), may be subject to different covenants
and Events of Default and may otherwise vary as provided or permitted in the Indenture. This Note is one of the series of Securities of the Company issued pursuant to the Indenture and designated as the 4.250% Notes due 2043 (herein called the
“Notes”). 

  
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 At any time before October 15, 2042, the Notes will be redeemable in whole or in part
at any time and from time to time, at the option of the Company, at a Redemption Price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of the remaining scheduled
payments of principal and interest thereon (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined
below) plus 20 basis points, plus, in either case, accrued and unpaid interest on the principal amount being redeemed to the Redemption Date. 
 At any time on or after October 15, 2042, the Notes will be redeemable in whole or in part at any time and from time to time, at the option of the Company, at a Redemption Price equal to 100% of the
principal amount of the Notes to be redeemed plus accrued and unpaid interest on the principal amount being redeemed to the Redemption Date. 
 “Treasury Rate” means, with respect to any Redemption Date, (i) the yield, under the heading which represents the average for the immediately preceding week, appearing in the most
recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded United States
Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before or after the Remaining Life,
yields for the two published maturities most closely corresponding to the Comparable Treasury Issue shall be determined and the Treasury Rate shall be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest
month) or (ii) if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable
Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. The Treasury Rate shall be calculated on the third
Business Day preceding the Redemption Date. 
 “Business Day” means any calendar day that is not a Saturday,
Sunday or legal holiday in New York, New York and on which banking institutions and trust companies are open for business in New York, New York. 
 “Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term
(“Remaining Life”) of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the
remaining term of such Notes. 

  
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 “Comparable Treasury Price” means, with respect to any Redemption Date, the
average of the Reference Treasury Dealer Quotations for such Redemption Date. 
 “Independent Investment Banker”
means each of Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated or their respective successors as appointed by the Company, or, if such firms are unwilling or unable to
select the Comparable Treasury Issue, an independent investment banking institution of national standing appointed by the Company. 
 “Reference Treasury Dealer” means (i) each of Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, and their
respective successors, provided, however, that if any of the foregoing is not at the time a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), the Company shall substitute therefor
another Primary Treasury Dealer and (ii) any other Primary Treasury Dealer selected by the Independent Investment Banker after consultation with the Company. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Independent Investment Banker, of
the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on
the third Business Day preceding such Redemption Date. 
 Notice of the redemption will be mailed to Holders of Notes by
first-class mail at least 30 and not more than 60 days prior to the Redemption Date. If fewer than all of the Notes are to be redeemed, the Trustee will select, not more than 60 days prior to the Redemption Date, the particular Notes or portions
thereof for redemption from the Outstanding Notes not previously called for redemption by such method as the Trustee deems fair and appropriate. Notwithstanding Section 1104 of the Indenture, the notice of any such redemption occurring before
October 15, 2042 need not set forth the Redemption Price but only the manner of calculation thereof. The Company shall give the Trustee notice of the Redemption Price for any such redemption promptly after the calculation thereof and the
Trustee shall have no responsibility for such calculation. 
 If a Change of Control Repurchase Event occurs with respect to the
Notes, unless the Company has exercised its right to redeem the Notes as described above, and notice of such redemption has been given to the Holders of the Notes in accordance with the Indenture, the Company will be required to make an offer to
each Holder of the Notes to repurchase all or any part (in integral multiples of $1,000) of that Holder’s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of such Notes repurchased plus any accrued and unpaid
interest on the Notes repurchased to, but not including, the date of repurchase. Within 30 days following a Change of Control Repurchase Event or, at the Company’s option, prior to a Change of Control, but after the public announcement of the
Change of Control, the Company will mail a notice to each Holder of the Notes, with a copy to the Trustee, describing the transaction or transactions that constitute or may constitute the Change of Control Repurchase Event and

  
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offering to repurchase the Notes on the payment date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is mailed. The notice
shall, if mailed prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on a Change of Control Repurchase Event occurring on or prior to the payment date specified in the notice. The Company will
comply with the requirements of Rule 14e-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any other securities laws and regulations thereunder to the extent those laws and regulations are
applicable in connection with the repurchase of the Notes as a result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Repurchase Event provisions of
the Notes, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the Change of Control Repurchase Event provisions of the Notes by virtue of such conflict.

 On the repurchase date following a Change of Control Repurchase Event, the Company will, to the extent lawful: 

(1) accept for payment all Notes or portions of Notes properly tendered pursuant to the Company’s offer; 

(2) deposit with the Paying Agent an amount equal to the aggregate purchase price in respect of all Notes or portions of
Notes properly tendered; and 
 (3) deliver or cause to be delivered to the Paying Agent the Notes properly
accepted, together with an Officers’ Certificate stating the aggregate principal amount of Notes being purchased by the Company and that all conditions precedent provided for in the Indenture to the repurchase offer and to the repurchase by the
Company of the Notes pursuant to the repurchase offer have been complied with. 
 The Paying Agent will promptly mail to each
Holder of Notes properly tendered the purchase price for the Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note equal in principal amount to any unpurchased portion of any
Notes surrendered; provided that each new Note will be in a principal amount of an integral multiple of $1,000. 
 The Company
will not be required to make an offer to repurchase the Notes upon a Change of Control Repurchase Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the
Company and such third party purchases all Notes properly tendered and not withdrawn under its offer. 
 “Below
Investment Grade Ratings Event” means, with respect to the Notes on any day within the 60-day period (which period shall be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by
any of the Rating Agencies) after the earlier of (1) the occurrence of a Change of Control; or (2) public notice of the occurrence of a Change of Control or the intention by the Company to effect a Change of Control, the Notes are rated
below Investment Grade by each of the Rating Agencies. 

  
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Notwithstanding the foregoing, a Below Investment Grade Ratings Event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a
particular Change of Control (and thus shall not be deemed a Below Investment Grade Ratings Event for purposes of the definition of Change of Control Repurchase Event hereunder) if the Rating Agencies making the reduction in rating to which this
definition would otherwise apply do not announce or publicly confirm or inform the Trustee in writing at the Company’s request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a
result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the Below Investment Grade Ratings Event). 

“Change of Control” means the consummation of any transaction (including, without limitation, any merger or
consolidation) the result of which is that any “person” or “group” (as those terms are used in Section 13(d)(3) of the Exchange Act), other than the Company or its subsidiaries, becomes the beneficial owner (as defined in
Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the combined voting power of the Company’s Voting Stock or other Voting Stock into which the Company’s Voting Stock is reclassified, consolidated,
exchanged or changed measured by voting power rather than number of shares. 
 “Change of Control Repurchase
Event” means the occurrence of both a Change of Control and a Below Investment Grade Ratings Event with respect to the Notes. 
 “Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating categories of Moody’s); a rating of BBB- or better by S&P (or
its equivalent under any successor rating categories of S&P); and the equivalent investment grade credit rating from any additional Rating Agency or Rating Agencies selected by the Company. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Rating Agency” means (1) each of Moody’s and S&P; and (2) if either of Moody’s or S&P
ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the meaning of
Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act, selected by the Company (as certified by a Board Resolution) as a replacement agency for Moody’s or S&P, or both of them, as the case may be. 

“S&P” means Standard & Poor’s Ratings Services, a division of McGraw-Hill, Inc. 

“Voting Stock” of any specified “person” (as that term is used in Section 13(d)(3) of the Exchange Act)
as of any date means the capital stock of such person that is at the time entitled to vote generally in the election of the board of directors of such person. 
 If an Event of Default with respect to the Notes shall occur and be continuing, the principal of all of the Notes may be declared due and payable in the manner, with the effect and subject to the
conditions provided in the Indenture. 

  
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 The Indenture permits, with certain exceptions as therein provided, the Company and the
Trustee to enter into supplemental indentures to the Indenture for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of modifying in any manner the rights of the Holders of the
Securities of each series under the Indenture with the consent of the Holders of not less than a majority in principal amount of the Securities at the time Outstanding of each series to be affected thereby on behalf of the Holders of all Securities
of such series. The Indenture also permits the Holders of a majority in principal amount of the Securities at the time Outstanding of each series, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with
certain provisions of the Indenture and certain past defaults and their consequences with respect to such series under the Indenture. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all
future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note or such other Notes. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and interest on this Note at the place, rate and respective times and in the coin or currency herein and in the Indenture prescribed. 

As provided in the Indenture and subject to the satisfaction of certain conditions therein set forth, including the deposit of certain
trust funds in trust, the Company shall be deemed to have paid and discharged the entire indebtedness represented by, and the obligations under, the Securities of any series and to have satisfied all the obligations (with certain exceptions) under
the Indenture relating to the Securities of such series. 
 The Notes are issuable in registered form without coupons in
denominations of $1,000 and any integral multiple of $1,000. Notes may be exchanged for a like aggregate principal amount of Notes of other authorized denominations at the office or agency of the Company in the Borough of Manhattan, The City of New
York, designated for such purpose, and in the manner and subject to the limitations provided in the Indenture. 
 Upon due
presentment for registration of transfer of this Note at the office or agency of the Company in the Borough of Manhattan, The City of New York designated for such purpose, a new Note or Notes of authorized denominations for a like aggregate
principal amount will be issued to the transferee in exchange therefor, subject to the limitations provided in the Indenture. 

No charge shall be made for any such transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or
other governmental charge imposed in connection therewith. 
 Except as otherwise provided in the Indenture, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note is overdue, and neither the Company, the Trustee nor any such agent shall
be affected by notice to the contrary. 

  
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 Unless otherwise defined herein, all terms used in this Note which are defined in the
Indenture shall have the meanings assigned to them in the Indenture. 
 This Note shall be construed in accordance with and
governed by the laws of the State of New York. 
 Unless the certificate of authentication hereon has been manually executed by
or on behalf of the Trustee under the Indenture, this Note shall not be entitled to any benefits under the Indenture, or be valid or obligatory for any purpose. 

  
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 IN WITNESS WHEREOF, UNION
PACIFIC CORPORATION has caused this Note to be duly executed. 
  

							
	Dated: March 15, 2013	 		 		 	UNION PACIFIC CORPORATION
				
		 		 		 	 
		 		 		 	Mary S. Jones
		 		 		 	Vice President and Treasurer

 [SEAL] 
  

			
		
	Attest:	 	 
		 	Timothy S. Dunning
		 	Assistant Secretary

 TRUSTEE’S CERTIFICATE OF
AUTHENTICATION 
 This is one of the Securities of the series designated therein referred to in the within
mentioned Indenture. 
  

			
	WELLS FARGO BANK, NATIONAL
ASSOCIATION, as Trustee
		
	By	 	 
		 	Authorized SignatoryAnnual Incentive Plan of US Foods, Inc.

 Exhibit 10.11 
 U.S. FOODSERVICE, INC. 
 ANNUAL INCENTIVE PLAN 

IMPORTANT NOTICE TO PARTICIPANTS 
 IN SOUTH CAROLINA 
 DISCLAIMER: THIS POLICY IS
NOT A CONTRACT 
 THE GOAL OF THE COMPANY FOR THIS POLICY IS TO PROVIDE INFORMATIVE EMPLOYEE
GUIDELINES. THE GUIDELINES IN THIS POLICY DEPEND ON ECONOMIC AND OTHER CIRCUMSTANCES AND CANNOT BE GUARANTEED. FOR THAT REASON, THE COMPANY RESERVES THE RIGHT TO AMEND, ALTER, OR MAKE EXCEPTIONS TO THIS POLICY AT ANY TIME. THIS POLICY IS ADVISORY IN
NATURE AND CREATES NO CONTRACTUAL OBLIGATIONS ON YOU OR THE COMPANY. 
 THIS POLICY DOES NOT ALTER IN ANY WAY YOUR
EMPLOYMENT RELATIONSHIP WITH THE COMPANY. WHICH IS AT-WILL (UNLESS YOU HAVE A SPECIFIC WRITTEN EMPLOYMENT AGREEMENT TO THE CONTRARY SIGNED BY AN OFFICER OF THE COMPANY). AT-WILL EMPLOYMENT STATUS MEANS THAT BOTH YOU AND THE COMPANY HAVE THE RIGHT TO
END YOUR EMPLOYMENT AT ANY TIME FOR ANY REASON OR NO REASON, WITH OR WITHOUT CAUSE OR NOTICE. 
 NO WRITTEN OR
ORAL STATEMENT BY ANY EMPLOYEE, OFFICER, DIRECTOR OR AGENT OF THE COMPANY THAT IS CONTRARY TO THIS DISCLAIMER OR THESE GUIDELINES SHALL HAVE ANY FORCE OR EFFECT UNLESS THE STATEMENT IS IN WRITING AND SIGNED BY THE CHIEF HUMAN RESOURCES OFFICER OF
THE COMPANY. 

  
 1 

 U.S. FOODSERVICE, INC. 

ANNUAL INCENTIVE PLAN 
 ARTICLE I 
 POLICY 

The purpose of the Annual Incentive Plan (the “Plan”) is to focus eligible associates of U.S. Foodservice, Inc. (the “Company”) on
the achievement of key business priorities that will have a significant impact on the Company’s performance, and to provide for bonus payments to eligible associates. The Company reserves the right, in its sole discretion at any time, with or
without notice, to supplement, suspend, rescind or modify all or part of the policies and procedures described herein, or their application to any individual, at any time. 
 ARTICLE II 
 PLAN ADMINISTRATION 

The plan shall be administered by a committee (the “Plan Administrator”) comprised of the Chief Human Resources Officer and the Chief Financial
Officer. The Plan Administrator may allocate or delegate, in whole or in part, its responsibilities for the administration of the Plan to others and employ others to carry out or give advice with respect to its responsibilities under the Plan.

 In administering the Plan, the Plan Administrator or its delegate(s) shall have exclusive authority to interpret, construe and administer the
provisions of the Plan, including but not limited to the right to remedy or resolve possible ambiguities, inconsistencies or omissions, by general rule or particular decisions. The Plan Administrator or its delegate(s) also shall have exclusive
authority to make all factual determinations under the Plan, including, but not limited to determining eligibility for Plan participation, the size of awards, any discretionary adjustments to awards, and the conditions and duration of awards. All
findings of fact, decisions, determinations and interpretations of the Plan Administrator or its delegate(s) as to all matters relating to, or arising under, the Plan shall be final, binding and conclusive on any associate or former associate of the
Company and on all other persons. To the extent that the terms of the Plan are inconsistent with any provisions of law, the Plan Administrator or its delegate(s) shall administer the Plan in such manner as the Plan Administrator or its delegate(s)
determines is consistent with applicable law. 
 Notwithstanding anything to the contrary, the eligibility for and amount of bonus earned by or
paid to any Plan Participant may be subject to review and approval by the Compensation Committee of the Board of Directors of USF Holding Corp., or its delegate(s). 
 The Plan supersedes all prior oral or written plans, policies, or guidelines on this same subject matter, unless an associate has a written agreement with the Company that is inconsistent with this
policy, in which case, that agreement shall control except to the extent the Plan Administrator determines that a bonus under this Plan shall be granted notwithstanding the existence of that agreement. 

The Plan Year runs concurrently with the Calendar year. For example, the 2011 Plan Year begins on January 1, 2011 and ends on December 31,
2011. The Plan shall remain in effect until the Plan Administrator deems otherwise. 

  
 2 

 ARTICLE III 
 PARTICIPANTS 
 Participation is limited to the active incumbents in those exempt
bonus-eligible positions in the Field and the Support Office that are designated by the Plan Administrator each Plan Year. 

ARTICLE IV 

PERFORMANCE OBJECTIVES 

Prior to, or at the beginning of each Plan Year, the Plan Administrator shall approve the applicable Business Plan for each Business Unit. These Business
Units include Broadline (inclusive of North Star divisions), Monarch Food Group, National Accounts and the Support Office. The Business Plans shall detail the specific annual performance objectives for each Business Unit’s plan measures. For
Broadline and North Star Divisions, each Division is required to submit an annual plan to their respective Regional President. 
 The 2011 Plan
performance measures and their weightings shall be determined by the Plan Administrator at the start of the Plan Year. The Plan Administrator, however, in its sole discretion, may modify or adjust the performance measures and their weightings as
appropriate at any time during the Plan Year based on the business needs of the Company. 
 Financial Performance 

The financial performance objectives for Broadline (inclusive of North Star divisions) may include, but are not limited to one or more of
the following: 
  

	 	a)	EBITDA to AOP 

	 	b)	Sales units to AOP 

	 	c)	TAGP $ to AOP 

 For purposes of
this Plan, EBITDA for the Support Office Business Unit shall be calculated as though the incentive bonus payable under the Senior Staff Plan will be paid, as to any division, at the greater of target or actual achievement by such division, such that
EBITDA shall not take into account any reversal of bonus accruals under the Senior Staff Plan. 
 Cash Flow 

Cash Flow metrics for the Broadline Business Unit and each of its Divisions and Regions and the Specialty Operations Business Unit and
each of its Divisions will be established by the Plan Administrator at the start of the plan year and may include, but are not limited to one or more of the following: 
  

	 	a)	Days inventory outstanding 

	 	b)	Days sales outstanding 

	 	c)	Days payable outstanding 

	 	d)	Vendor accounts receivable 

  
 3 

	 	e)	% current 

 Sales Effectiveness

 Sales Effectiveness goals shall be established for the Broadline Business Unit and each of its Divisions and Regions
and the Specialty Operations Business Unit and each of its Divisions at the start of the Plan Year. Sales Effectiveness metrics may include, but are not limited to one or more of the following: 

 

	 	a)	Net account growth 

	 	b)	Exclusive Brands unit sales 

 Monarch Food
Group 
 For Monarch Foods, the performance objectives include: 

 

	 	a)	NPA/CMA/LPA to AOP 

	 	b)	Exclusive Brands Share Growth to AOP 

	 	c)	Gross DPO 

	 	d)	Sales Growth and Gross Margin of Foodsite + 10 Categories managed from the center 

 National Accounts 
 For National Accounts, the performance objectives include:

  

	 	a)	Number of Cases Sold to AOP 

 Support
Office and Broadline Management Plan 
 For Support Office and Broadline Management, the performance objectives include: 

 

	 	a)	EBITDA to AOP 

	 	b)	Net debt to AOP 

 Tactical Initiatives

 For all Business Units, performance against the following tactical initiatives: 

 

	 	a)	Reenergize top line growth 

	 	b)	Execute Office Foundations 

	 	c)	Execute improved Forward Buy practices 

	 	d)	Move Category Management forward 

	 	e)	Develop our people 

	 	f)	Mitigate compliance failures 

	 	g)	Reduce Support Office costs 

  
 4 

 ARTICLE V 
 BONUS CALCULATIONS 
 Annual Business Plan 

Each Business Unit President is required to submit to the Plan Administrator an Annual Business Plan, which details the specific goals for each annual
performance objective. Annual Business Plans must be submitted by each Division to the Business Unit President (or Region President at the Chief Operating Officer’s (COO) discretion), which details the specific goals for each annual performance
objective. The Region Presidents and COO shall approve all Business Plans for each of their businesses in accordance with the Plan’s performance objectives. 
 At the close of the Plan Year, or designated performance period, achievement against the performance objectives for each Division or Business Unit will be determined. The achievement then will be used to
calculate the bonus amount for each eligible associate. 
 The performance period will be annual and consistent with the Plan Year for all
positions except for those sales positions which may have a portion of their Annual Bonus opportunity based on a quarterly performance period. 
 Financial Awards 
 EBITDA, NPA/CMA/LPA, Exclusive Brands Share
Growth, Sales Growth and Gross Margin of Foodsite + 10 Categories managed from the center will be measured as a percentage of achievement to AOP and awards will be based on a pre-established scale as approved by the Plan Administrator. 

Sales Awards 
 At the end of each performance period an individual’s achievement to target will be determined based upon achievement of the individual’s goals: Sales units to AOP, TAGP $ to AOP, net account
growth to plan, Exclusive Brands sales as a percentage of total sales and percentage of current attainment. These awards will be based on a pre-established scale as approved by the Plan Administrator. 

Cash Flow Metrics 
 At year-end, a Division, Region or Business Unit Performance Rating will be determined for each of these goals based upon the achievement to the pre-established goals set for that Division, Region or
Business Unit. 
 Tactical Initiatives 
 At year-end, a Company-wide Performance Rating will be determined based upon the achievement of the pre-established tactical initiatives set for the Company. 

  
 5 

 Bonus Opportunity 
 Each position approved for participation in the Plan shall be assigned a Quarterly and/or Annual Bonus Percentage. 
 A Plan Participant’s Annual Bonus opportunity (“Target Bonus”) can be calculated by multiplying the Quarterly or Annual Bonus Percentage assigned to the Plan Participant’s position by
the Plan Participant’s annual base salary earned during the Plan Period while he or she held each eligible position and as described in Article VI, except that any changes to a Plan Participant’s annual base salary that occur after
November 30 of the Plan Year and any one-time lump sum merit awards or other one-time payments during the Plan Year shall not be taken into account for purposes of bonus calculations under this Plan. 

Bonus Achievement and Discretionary Adjustments 
 A Plan Participant’s actual bonus payment may vary from the Target Bonus based on the achievement of each applicable plan measure. 
 All annual bonuses are subject to a minimum performance requirement of the Company to warrant full bonus payment. The 2011 Plan requires a minimum Company EBITDA of $736 million be attained before any
annual bonus award payments can be made. No award payments will be made that reduce the Company’s EBITDA achievement for the Plan Year below the $736 million floor. Instead, a pro-rata reduction shall be applied to all award calculations under
the Plan such that the Company’s total EBITDA achievement for the Plan Year remains at or more than $736 million after payment of such awards. 
 Individual Performance Factor 
 An Individual Performance Factor, based on the
performance of the individual in contributing to U.S. Foodservice’s business performance, will be used in calculating the bonus for certain employees participating in a pilot program, as determined by the Company in its sole discretion.

 For those employees in the pilot program, managers will select an Individual Performance Factor for each participant from a scale of 1
to 5; provided, however, that the aggregate amount of bonus awards for a Business Unit shall not exceed the total bonus amount established by the Business Unit’s performance. If no Individual Performance Factor is selected at the time such
factors are used to calculate a bonus under this Plan, the Individual Performance Factor will be treated as a 3 rating. The Individual Performance Factor may be either explicitly selected or implied as a result of the final award amount to a
Plan Participant. 
 At the sole discretion of the Plan Administrator, the size of the calculated award may be reduced or eliminated based on
the Company’s overall performance results. Notwithstanding anything to the contrary, the Plan Administrator reserves the right to adjust bonus payments up or down for any or all participants as it deems appropriate, in its absolute discretion.

  
 6 

 ARTICLE VI 
 ADMINISTRATIVE MATTERS 
 Timing of Bonus Determinations and Payments 

Bonuses shall be determined and paid, less applicable taxes and withholdings, in a lump sum, by no later than April 30 of the Year following the Year
in which the bonus is earned (the “Annual Designated Date”). Quarterly bonuses shall be determined and paid, in a lump sum, less applicable taxes and withholdings, on the sixtieth day following the end of the quarter in which the bonus is
earned (the “Quarterly Designated Date”). The bonus will not be determined or paid prior to the successful closing of the financial results for the relevant period, provided, however, that notwithstanding the foregoing, the bonus will be
paid no later than the last day of the calendar year in which the Quarterly Designated Date or Annual Designated Date occurs. For purposes of this paragraph, payment will be treated as made on the Quarterly or Annual Designated Date, as applicable,
if payment is made by the later of (i) the first date it is administratively practicable to make such payment on or after the Quarterly or Annual Designated Date, where calculation of the amount of the payment is not administratively
practicable at an earlier time, or (ii) the end of the calendar year containing the Quarterly or Annual Designated Date. 
 In no event may
payments to any Plan Participant (or his or her estate, as the case may be) under this Plan be accelerated (except as permitted under Section 409A of the Internal Revenue Code of 1986, as amended), including cases in which employment terminates
by reason of permanent disability, death, retirement, or involuntary termination due to a reduction-in-force. 
 Plan Participation of Less
Than a Full Year 
 To be eligible for a payment under the Plan, Plan Participants must be or have been in a bonus eligible position on or
before November 30 of the Plan Year. 
 Any Plan Participant hired or promoted into or demoted from a bonus eligible position will be
eligible for a bonus payment on a prorated basis for the period of time the Plan Participant was in a bonus eligible position during the applicable Plan Year. Notwithstanding the foregoing, Plan Participants hired or promoted into a bonus eligible
position after November 30 of the Plan Year will not be eligible for a prorated bonus for the period between November 30 and the end of the Plan Year, and Plan Participants demoted from a bonus eligible position after November 30 of
the Plan Year will not have their bonus calculation prorated for such period. 
 Plan Participants Scheduled to Work Less than 40 Hours

 Plan Participants who are scheduled to work less than a 40 hour work week in a bonus eligible position will be eligible for a bonus
payment based on the Plan Participant’s aggregate base salary earned in the bonus eligible position during the Plan Year. 

  
 7 

 Transfers from One Bonus Eligible Position to Another Bonus Eligible Position 

Bonus awards for Plan Participants who transfer from one bonus eligible position to another bonus eligible position, defined as a change in target bonus,
Business Unit, or Bonus Plan, during the Plan Year will be calculated based on the Annual Bonus Percentage and actual earned base salary for, and the results achieved in each position, prorated for the amount of time the Plan Participant was active
in each bonus eligible position. Notwithstanding the foregoing, bonus calculations for Plan Participants who transfer from one bonus eligible position to another bonus eligible position after November 30 of the Plan Year will not be prorated,
and instead salary data as of November 30 of the Plan Year shall be used to calculate the bonus amount through the end of the Plan Year. 

Leaves of Absence 
 For the purpose of
the Bonus Plan, a Plan Participant who is on an approved leave of absence under the Company’s short-term disability plan, worker’s compensation plans, the Family Medical Leave Act (FMLA), military leave, or comparable leave required by
applicable law during the Plan Year will be considered to be an active employee eligible for the benefits of the Plan for the first 90 calendar days of approved leave, and as such will not lose any portion of the bonus payment during the first 90
calendar days of approved leave. After an associate has been on leave for more than 90 days, any bonus payment will be reduced on a pro rata basis based on the amount of time the associate was on leave in excess of the 90 day period, except as
otherwise required by law. 
 Plan Participants who take a leave of absence for reasons other than those listed in the paragraph above, such as
a personal leave, will be paid any bonus on a prorated basis, based on the amount of time during the Plan Year that the Plan Participant was actually actively at work. 
 Employment Requirements 
 Except as stated below in the case of permanent disability, death,
retirement or a reduction-in-force, Plan Participants who remain employed with the Company on December 31 of the Plan Year will be eligible for payment of a bonus without regard to employment status at the time of payment. 

To be eligible for a bonus under this Plan, a Participant must be in good standing with the Company at all times during the Plan Year and up to and
including time of payment. 
 Termination of Employment 
 A Plan Participant whose employment with the Company is terminated, voluntarily or involuntarily, before December 31 of the Plan Year will not be eligible for payment of any bonus amount, except as
described below or as otherwise required by law. Plan Participants who remain employed with the Company on December 31 of the Plan Year will be eligible for payment of a bonus without regard to employment status at the time of payment.

  
 8 

 Notwithstanding anything to the contrary, in the event of permanent disability under the Company’s
long-term disability plan covering the Plan Participant, retirement (at least age 55 and 10 years of service), or involuntary termination due to a reduction-in-force, the Plan Participant will be paid a bonus as determined, on a prorated basis,
based on the amount of time during the Plan Year that the Plan Participant was actively employed in a bonus eligible position. The bonus will be paid to the Plan Participant on the Quarterly or Annual Designated Date, as applicable. 

A reduction-in-force is a restructuring, reorganization, downsizing or elimination of a job, department, business unit or facility. A Plan Participant
whose involuntary termination is due to the reorganization, merger or consolidation or other change of organizational form, or the sale of all or substantially all of the assets or business of the respective business unit where the Participant is
employed, and the Participant is offered substantially comparable employment by his or her successor employer, shall not be eligible to participate under this Plan where the successor employer has agreed to assume responsibility for this Plan up to
the date of the transaction. 
 In the event that a Plan Participant’s employment with the Company ends because of death, the Plan
Participant’s estate will be eligible to receive a pro rata bonus payment through the date on which the death occurred. The bonus will be paid to the Plan Participant’s estate on the Quarterly or Annual Designated Date, as applicable.

 If a Plan Participant is terminated for cause (or voluntarily resigns before being terminated for cause) following the end of the performance
period, but before the bonus payments are paid, the Plan Participant will not be eligible for payment of any bonus, except as otherwise required by law. For all purposes under this Plan “cause” means violation of a Company policy,
violation of the Company’s Code of Conduct or gross negligence, as determined by the Plan Administrator in its sole discretion. 

Notwithstanding anything to the contrary, if, before any bonus payment is paid to the Plan Participant, the Participant is determined at the time of
payment of awards by the Company in its sole discretion to be subject to an investigation by the Company or by a governmental entity for any act or omission that may constitute cause, that Participant will not be eligible for payment of such an
award until such investigation is complete and the final determination does not warrant termination for cause (or voluntary resignation in lieu of termination for cause). 
 Post-Employment Misconduct 
 A terminated Plan Participant who otherwise would be eligible
for a bonus payment under the Plan, but who violates any post-employment restriction, including but not limited to a restriction on solicitation or competition, as determined by the Plan Administrator in its sole discretion, before the Participant
is paid a bonus under the Plan, will be deemed ineligible for payment of any bonus, except as otherwise required by law. 

  
 9 

 ARTICLE VII 
 NO ENTITLEMENT TO BONUS 
 Plan Participants are entitled to a bonus payment under the Plan
only upon the approval of the payment by the Plan Administrator. 
 No Plan Participant shall be entitled to a payment under the Plan unless the
performance objectives defined in the applicable Business Plan were achieved or the Plan Administrator has approved a requested exception. 
 ARTICLE VIII 
 TERMINATION OF PLAN 

The Company reserves the right to change, amend, or terminate the Plan at any time without notice. In the event of a Plan termination, Plan Participants
will be paid any bonus from the beginning of the Plan Year to the date the Plan is terminated, as long as the performance objectives for that time period were achieved as determined by the Plan Administrator or the Plan Administrator otherwise has
approved such payments and the Plan Participant otherwise qualifies for an bonus payment at the time the payment is to be made. 
 Bonus
payments shall be calculated as of the date of the Plan termination and payable on the Quarterly or Annual Designated Date, subject nevertheless to forfeiture and all other conditions to payment that would apply if the Plan had not been terminated.
For purposes of this paragraph, payment of the final bonus will be treated as made on the Quarterly or Annual Designated Date if payment is made by the later of (i) the first date it is administratively practicable to make such payment on or
after the Quarterly or Annual Designated Date, where calculation of the amount of the payment is not administratively practicable at an earlier time, or (ii) the end of the calendar year containing the Quarterly or Annual Designated Date.

 ARTICLE IX 
 PARTICIPANT’S RIGHT OF ASSIGNABILITY 
 Plan Participants’ rights under the Plan
shall not be subject to assignment, pledge or other disposition, nor shall such rights be subject to attachment, transfer by operation of law, or any legal process. The Plan Participant’s right to payment under the Plan shall not be subject to
garnishment at any time prior to the date the payment otherwise would be made under the Plan. 
 ARTICLE X 

MISCELLANEOUS 

Employment Rights 
 Nothing contained in
these guidelines shall confer upon any Plan Participant the right to continued employment, alter the at-will employment status of an associate, or interfere with the right of the Company to terminate a Plan Participant’s employment from the
Company, with or without cause and with or without notice. Participation in the Plan does not confer rights to participation in other Company programs, including but not limited to annual or long-term incentive plans, non-qualified retirement or
deferred compensation plans or other executive perquisite programs. 

  
 10 

 Severability 
 In the event any provision of the Plan shall be held illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and
enforced as if such illegal or invalid provision had never been contained in the Plan. 
 Compliance 

It is intended that this Plan comply with Section 409A of the Internal Revenue Code of 1986, as amended, and any guidance issued thereunder, and
shall be interpreted accordingly. 
 Governing Law 
 The laws of the State of Illinois shall govern the validity, construction, performance and effect of the Plan, without regard to the conflict of law provisions thereof. 

IN WITNESS WHEREOF, the undersigned Officers of the Company have executed the Plan on the date written below. 

 

			
	 /s/ Allan D. Swanson
	  	2-16-11
	Chief Financial Officer	  	Date
		
	 /s/ David J. Esler
	  	2-15-11
	Chief Human Resources Officer	  	Date

  
 11

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