PRO-FAC COOPERATIVE, INC.
Introduction and purpose of plan
1.1 Establishment of Plan
PRO-FAC COOPERATIVE INC. (the “Employer”) hereby establishes this severance plan (the “Plan”), effective as of the 2
day of July, 2007. The Plan shall be maintained for the exclusive benefit the employees listed on Schedule 1 (each the
“Employee” and collectively the “Employees”).
1.2 Purpose of Plan
The purpose of this Plan is to the Employee to provide an incentive to the Employees to continue employment with the
Employer by offering a benefit payable upon severance from employment under certain circumstances.
Whenever used in the Plan, the following terms shall have the meanings as set forth in this Article II unless a different
meaning is clearly required by the context.
2.1 “Administrator” means the Executive Committee of the Employer’s Board of Directors, which shall administer the Plan. The
Administrator has full responsibility for carrying out the purposes of this Plan.
2.2 “Beneficiary” means a person or persons designated by the Employee to receive distributions in accordance with Section
6.1. A Beneficiary’s right to (and the Administrator’s duty to provide to the Beneficiary) information or data concerning the Plan
does not arise until the Beneficiary first becomes entitled to receive a distribution under the Plan.
2.3 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.
2.4 “Plan” means the Pro-Fac Cooperative Severance Plan, as set forth herein.
2.5 “Plan Benefit” means the amount of the severance benefit determined pursuant to the terms and conditions of the Plan.
2.6 “Separation from Service” means the cessation of the Employee’s active employment with the Employer but shall not include
periods for which the Employee is on Employer-approved leaves of absence. If an approved leave of absence is terminated by
the Employer without resumption of the employment