Michael Foods, Inc. Severance Plan Extension Resolution (July 27, 2000)

Contract Categories: Human Resources › Severance Agreements
Summary

Michael Foods, Inc. and its subsidiaries have extended their Severance Pay Plan for eligible employees by one year, moving the termination date to July 1, 2001. The resolution lists employees added to and removed from the plan, resulting in 35 covered employees for the new period. The plan provides severance benefits to specified employees in the event of termination, and the list includes key executives and directors across various company divisions.

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EX-10.89 9 a2041220zex-10_89.txt EX-10.89 MICHAEL FOODS, INC. SEVERANCE PLAN EXTENSION RESOLUTION JULY 27, 2000 RESOLVED, that the Severance Pay Plan for Eligible Employees of Michael Foods, Inc. and its subsidiaries (the "Severance Plan"), as approved and implemented in accordance with the directives of the Board of Directors on July 26, 1990 and extended through July 1, 2000, be hereby extended for a period of one additional year to a new Termination Date of July 1, 2001. Number of employees covered under the Severance Plan from July 1, 1999 to July 1, 2000 (as revised on Aug. 8, 1999).....31 Employees added: Mark Anderson - Vice President of Business Development and Management - CFRDC Charles Bailey - Vice President of Operations - Kohler Mix Specialties, Inc. Richard Howe - Director of e-commerce Jerry Monnot - Director of Crystal Farms Applications Craig Morrill - Director, Utility Services Steve Semmer - Director of Foodservice Applications David Morris - Director of Foodservice Applications Employees deleted: James J. Kohler - Kohler Mix Specialties, Inc. (resigned) Erich Fritz - Kohler Mix Specialties, Inc. (resigned) Craig V. Miller - Kohler Mix Specialties, Inc. (resigned) Number of employees covered under the Severance Plan from July 1, 2000 to July 1, 2001...................................35 MICHAEL FOODS, INC. PARTICIPANTS IN SEVERANCE PLAN PROPOSED FOR JULY 1, 2000 TO JULY 1, 2001
COMPANY EMPLOYED POSITION EMPLOYEE - ---------------------------------------------------------------------------------------------------------------------------------- Michael Foods, Inc......................................Assistant Treasurer........................................Mark D. Witmer* Michael Foods, Inc............................................C.I.O................................................Thomas C. Kelly Michael Foods, Inc. ................................V.P. - Human Resources......................................Ronald W. Bergman* Michael Foods, Inc. ..................................Director of e-Commerce.............................................Dick Howe Michael Foods, Inc. - Distribution......................V.P. - Distribution............................................James Mohr* Michael Foods, Inc. - Sales.........................E.V.P. Michael Foods Sales......................................Dean Sprinkle* Michael Foods, Inc. - Sales.............................V.P. - G. M. Precooked Products...............................Pres Colwell Michael Foods, Inc. - Sales..................................V.P. - Field Sales..........................................Rich Lich Michael Foods, Inc. - Sales..................................V.P. - Field Sales.........................................Tom Nykamp Michael Foods, Inc. - Sales...............................V.P. - National Accounts................................Deborah Cummings Michael Foods, Inc. - IT...........................Director, Utility Services........................................Craig Morrill Michael Foods, Inc. - IT.....................Director of Crystal Farms Applications...................................Jerry Monnot Michael Foods, Inc. - IT......................Director of Foodservice Applications....................................Steve Semmer Michael Foods, Inc. - IT......................Director of Foodservice Applications.....................................Dave Morris Michael Foods Egg Products Co..............................V.P. - R&D........................................Hershell R. Ball, Jr. Michael Foods Egg Products Co.............................E.V.P. & C.F.O...........................................Bradley L. Cook Michael Foods Egg Products Co...........................V.P. - Operations...............................................Ken Neishi Michael Foods Egg Products Co...........................V.P. - Procurement.............................................Terry Baker Michael Foods Egg Products Co.........................V.P. - Live Production.............................................Tim Bebee Michael Foods Egg Products Co.....................V.P. - Industrial/Export Sales................................Thomas Rechsteiner Michael Foods Egg Products Co............................V.P. - Controller...........................................Mark Westphal Michael Foods Egg Products Co.....................President Emeritus - Papetti's................................Arthur N. Papetti* Michael Foods Egg Products Co...........................Executive Vice President......................................A.J. Papetti Michael Foods Egg Products Co...........................Executive Vice President...................................Stephen Papetti Michael Foods Egg Products Co....................V.P. Regional Sales and National Accounts..............................Vicky Wass Michael Foods Egg Products Co............................V.P. - Operations..........................................Toby Catherman Michael Foods Egg Products Co.........................V.P. - Industrial Sales.........................................John Brommer Northern Star Co..............................................C.F.O...................................................Max Hoffmann Crystal Farms RDC......................................Vice President, Wisco......................................Russell P. Roedl Crystal Farms RDC.............................................C.F.O....................................................James Grosh Crystal Farms RDC..........................................V.P. - Sales.............................................Jeffrey Thomas Crystal Farms RDC..............................V.P. - Business Development and Management............................Mark Anderson Kohler Mix Specialties, Inc....................V.P. - Sales and Business Development..................................Mark Johnson Kohler Mix Specialties, Inc.............................V. P. - Operations..........................................Charles Bailey
* two year level