EX-10.9 5 pepsico202010-kexhibit109.htm PEPSICO PENSION EQUALIZATION PLAN (PRE-409A PROGRAM) DocumentExhibit 10.9PEPSICOPENSION EQUALIZATION PLAN(PEP)Plan Document for the Pre-Section 409A ProgramJanuary 1, 2021 RestatementPepsiCo Pension Equalization Plan – Pre-409A ProgramPEPSICO PENSION EQUALIZATION PLANTable of ContentsPage No.ARTICLE I.Foreword1ARTICLE II.Definitions and Construction42.1Definitions4Accrued Benefit4Actuarial Equivalent4Advance Election8Annuity8Annuity Starting Date8Authorized Leave of Absence8Cashout Limit8Code8Company8Covered Compensation8Credited Service9Disability Retirement Pension9Early Retirement Pension9Effective Date9Eligible Spouse9Employee9Employer9ERISA9FICA Amount9409A Program10Guiding Principles Regarding Benefit Plan Committee Appointments10Highest Average Monthly Earnings10Late Retirement Date10Late Retirement Pension10Normal Retirement Age10Normal Retirement Date10Normal Retirement Pension10Participant11PBGC11PBGC Rate11Pension11PEP Election11- i -P...
