Amendment to General Mills, Inc. Supplemental Savings Plan

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment updates the General Mills, Inc. Supplemental Savings Plan, effective January 1, 2006. It states that participants will receive a lump-sum payment of their entire benefit on the February 1 following their separation from service. The amendment also notes that this distribution is subject to certain tax rules, including a possible six-month delay for specified employees under IRS Section 409A.

View More
EX-10.2 2 genmills061410_ex10-2.htm AMENDMENT TO SUPPLEMENTAL SAVINGS PLAN Exhibit 10.2 to General Mills, Inc. Form 10-Q for quarterly period ended February 26, 2006

Exhibit 10.2

AMENDMENT TO GENERAL MILLS, INC.
SUPPLEMENTAL SAVINGS PLAN

Effective January 1, 2006, the General Mills, Inc. Supplemental Savings Plan is amended to provide that participants shall receive a single sum distribution of their entire benefit on the February 1 immediately following their separation from service, subject to the other provision of §409A of the Internal Revenue Code (for example, the six month delay imposed on specified employees under §409A(a)(2)(B)(i)).