Campbell Soup Company (the “Company”) established the Campbell Soup Company Severance Pay Plan for Salaried Employees (the “Severance Plan”) primarily to assist former U.S. Salaried Employees while seeking other employment. In , the Company also established the Campbell Soup Company Supplemental Severance Pay Plan for Exempt Salaried Employees (the “Supplemental Severance Plan”) to assist former U.S. exempt Salaried Employees at salary level 42 and above for the same purpose. Effective , both the Severance Plan and the Supplemental Severance Plan were restated in response to legislative changes.
Effective as of , the Severance Plan was amended and restated to combine the Severance Plan and the Supplemental Severance Plan into one plan. The merged plan continued to be called the Campbell Soup Company Severance Pay Plan for Salaried Employees (the “Severance Plan”) primarily to assist former U.S. Salaried Employees while seeking other employment. In , the Company also established the Campbell Soup Company Supplemental Severance Pay Plan for Exempt Salaried Employees (the “Supplemental Severance Plan”) to assist former U.S. exempt Salaried Employees at salary level 42 and above for the same purpose. Effective , both the Severance Plan and the Supplemental Severance Plan were restated in response to legislative changes.Employees.
Effective as of , the Company (the “Company”) establishedhereby (1) establishes the Campbell Soup Company Executive Severance Pay Plan for Salaried Employees (the “Severance Plan”“Plan”) primarily to assist former U.S. Salaried Employees while seeking other employment. In , the Company also established the Campbell Soup Company Supplemental Severance Pay Plan for Exempt Salaried Employees (the “Supplemental Severance Plan”) to assist former U.S. exempt Salaried Employees at salary grade level 42A on the date of employment termination (“Participants”) while seeking other employment and above for the same purpose. Effective , both(2) amends and restates the Severance Plan andto incorporate applicable stand-alone amendments adopted subsequent to the Supplemental2011 Severance Plan were restatedrestatement and exclude former Participants. Both the Plan and Severance Plan are intended to and will be administered as employee welfare benefit plans, as defined in response to legislative changes.Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.