Agreement Regarding Pension Benefit Calculation for Roger K. Deromedi by Kraft Foods Inc.
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Summary
Kraft Foods Inc. has agreed that, in recognition of Roger K. Deromedi's promotion to Chief Executive Officer and his prior pension benefits earned at General Foods Corporation, his pension benefit will be calculated using his final average earnings at retirement. This ensures that his retirement benefits reflect his highest earnings level with the company.
EX-10.27 4 dex1027.htm DESCRIPTION OF AGREEMENT WITH ROGER K. DEROMEDI Description of Agreement with Roger K. Deromedi
Exhibit 10.27
Description of Agreement with Roger K. Deromedi
In recognition of Roger K. Deromedi’s promotion in 2003 to Chief Executive Officer of Kraft Foods Inc., and in connection with his previous pension benefit earned at General Foods Corporation, Kraft Foods Inc. has agreed to use his final average earnings at retirement for purposes of calculating his pension benefit.
