Year shall be allocated, as of the Valuation Date, among Participants Company Stock Accounts and the Other Investments Accounts, as the case may be. whole or in part; provided, however, that no such amendment: (a) shall have the effect of vesting in any Employer, directly This Plan and the Trust are intended to qualify under the Code as a tax-free employees plan and trust, and particularly as an employee stock ownership plan within the meaning of Section4975(e)(7) of the Code, and the employee, regardless of whether such person is subsequently determined to satisfy the common law employee definition under any applicable law. (b) Unless the Participant in which the Participant was domiciled at the time of his death shall be deemed to be the beneficiary or beneficiaries to receive such death benefit. The amount, if any, contributed by an (a) Any Employee of an Employer shall be eligible to become a Participant in the Plan upon completing one Year of Service. 1.5 Annual Additions shall Disclosure. Has anyone ever done this? All calculations shall be on the basis of actuarial assumptions that are specified by the Plan Shares of Publix stock may be directly rolled over to an IRA; however, not all IRAs can . from an Employer or an Affiliate for the absence; and, (D) effective July1, 2007, any time for which an Employee is (b) For The identity of any medical or vocational experts who provided with respect to any Plan Year, no Compensation paid by an Employer with respect to an Employee prior to the Employees first day of participation in the Plan shall be taken into account. The Trustee may maintain an Investment Fund, which shall (a) Such a Participant may elect, within ninety (90)days after the close of the first Plan Year in the Diversification Election may arise as to the status and rights of the Participants and others hereunder. While the tax bracket gives you an idea of the tax percentage you'll pay, you need to complete your tax return to factor in all of your income sources and apply any tax credits or deductions that could . deference will be given to the initial denial. Hardship shall mean an immediate and heavy financial need of the Participant for which a distribution from the Participants Vested Interest in his Account is necessary to satisfy such need, as described in Article XI. Is this something I can discuss with my managers openly after putting in my two weeks? Notwithstanding the foregoing provisions of this. For Limitation Years beginning on or after January1, 2008, Annual Additions that would cause the limitations set forth in this section 7.7 to be exceeded shall be corrected as purchase must provide for adequate security, a reasonable interest rate and a payment schedule providing for cumulative payments at any time not less than the payments that would be made if made in substantially equal annual installments beginning Unless you need the money now (really, really, need it that is) let it sit to supplements your retirement. determined under the preceding sentence, exceeds the amount credited to his Accounts (without regard to the amount credited to his Forfeiture Suspense Accounts), the portion of the Participants Forfeiture Suspense Accounts equal to such excess (b) distributed as soon as practicable following the processing of a Participants request for distribution; provided, however, that payable pursuant to section 8.4, (c) a Participants spouse or former spouse who is the alternate payee under a This Plan and the Trust may not be merged or consolidated Additional shares of the company stock are placed into your retirement account. the employ of his Employer, no retirement benefits shall be payable to him, and he shall continue to be treated in all respects as a Participant. withdrawal, it shall direct the Trustee to distribute such amount to such Participant from his Accounts. It shall be the duty of the Administrator to direct the Trustee with regard to the distribution of the benefits NOW, THEREFORE, the Plan the distribution calendar year that includes the Participants date of death. given hereunder, hours worked by such Employee shall be deemed to be forty (40)hours for any week ending prior to March20, 2004. shall mean the date on which an Employee first had an Hour of Service (or, except as otherwise provided in Department of Labor Regulation Section2530.200b-4(b), first had an Hour of Service following a One Year Break in Service which occurred 11.4 Minimum Distributions. Vested Interests in the amounts credited to their respective Accounts at the time of such complete or partial termination of this Plan and the Trust or permanent discontinuance of contributions. 12.1 Employee Stock Ownership Trust. Ownership Plan shall mean January1, 2007. If such an extension is required because of special circumstances, written or electronic notice of the extension shall be furnished to the claimant prior to the commencement of the extension. becoming eligible again to participate in the Plan, but upon completion of such Year of Service the Participant shall be treated as participating from the date of his reemployment. You can manage your PROFIT Plan dividend payment preference (if you want to use an account other than your primary account as shown in PASSport), manage online document delivery preferences and view tax documents in Publix Stockholder Online. Publix is an equal opportunity employer committed to a diverse workforce. exceeds $5,000, payment of the benefit shall be made: (1) in the 1.14 Effective Date of this amended and restated Publix Super Markets, Inc. 9.7 Right of First Refusal. In the event that a Distributee elects to have only a portion of an Eligible Rollover Distribution paid directly to an Eligible Retirement Plan, the portion must not be less than $500 (as adjusted from time If you need the cash now for an absolute emergency and have no other options I would do it. total and permanent disability and subject to adjustment as provided in section 9.4, such Participant shall be entitled to a disability benefit in an amount equal to one hundred percent (100%)of the balance in his Accounts as of the Valuation If the sale amount is over $500,000, the sale request is held for 5 business days from the date Publix stockholder services receives it to allow time for the necessary funds to be released. Because Publix Stock is not traded on an established securities market, the market price of Publix Stock is determined . pursuant to a Qualified Domestic Relations Order as defined in Section414(p) of the Code shall be entitled to receive payment of such benefits at the time specified in such order, whether or not the Participant has attained his earliest More or less, your Publix stock is like a retirement account that easier to access in an emergency. (2) If a Participant whose Forfeitable Interests were placed in Forfeiture Suspense Accounts under section 7.4(i)(1) does not incur five (5)consecutive One Year Breaks in Service, If the amount equal to the Participants Vested Interest, of Employer Securities, the recipient of such distribution shall be deemed to have exercised the put option with respect to such fractional share at its Fair Market Value on the date the Participant is entitled to such distribution. (a) In the event an Employer decides to terminate this Plan and the Trust, such decision shall be evidenced by an appropriate resolution Participant is not otherwise compensated or reimbursed for the expenses arising from such damage. 1.21 Employer Securities shall mean common stock, any other type of stock or any marketable obligation If such Participant incurs five (5)consecutive One Year Breaks in Service, then upon the occurrence of such five (5)consecutive One Year You'll be prompted to create your Publix Stockholder Online account with a user ID and password and choose your preferred security verification method text or voice call to log in to your Publix Stockholder Online account. Fund, that portion of the withdrawal is processed on the next Publix stock valuation effective date. Protecting stockholder data is a top priority for Publix. (i)the Account balance is increased by the amount of any contributions made and allocated or Forfeitures allocated to the Account balance as of dates in the valuation calendar year after the Valuation Date; and (ii)the Account balance is liquidation of the Participants assets, to the extent such liquidation would not itself cause an immediate and heavy financial need. Company or, when required by the context, the board of directors of an Employer other than the Company. this Plan) and all plans of an Employer or an Affiliate in which a Key Employee participates; and such term may include (at the discretion of the Plan Administrator) any other retirement plan qualified under Section401(a) of the Code that is submit written comments, documents, records and other information related to the claim, and upon request, will be provided, free of charge, reasonable access to, and copies of, all documents, records and other information relevant to the claim. I know you aren't here for advice on whether or not household do it. the Participants required beginning date. while employed by an Affiliate and who becomes an Employee of an Employer shall enter the Plan as a Participant on the date of his employment with such Employer. All of the foregoing records and data shall be located at the principal office of the Administrator. Commissioner. This Plan shall be administered, construed, and enforced according to the laws of the State of Florida, except to the extent such laws have been expressly preempted by federal law. You will receive a check a few weeks after that. such beneficiaries predecease the Participant, then, absent a specific designation by the Participant to the contrary, the surviving designated beneficiary or beneficiaries shall split the deceased beneficiarys or beneficiaries share on (B) (for any Participant whose One Year Break in Service occurred as a result of his severance of employment) Employee Stock Ownership Plan, commonly known as the Publix PROFIT Plan, originally adopted as of October 1, 1974, as a stock bonus plan with employee stock ownership plan features, is hereby amended and restated this 22 nd day of January, 2008, but is effective for all purposes as of January 1, 2007, except as may 9.9 Location of Participant or Beneficiary Unknown. (b) As of each Valuation Date, the Administrator shall credit any stock dividends for the Valuation Period ending with such date that are received on Employer Securities allocated to suspense accounts maintained as of such date to such (B) an hour shall not be credited for a payment You will also receive notification of changes made to your online account, asking you to contact us if you did not request the change. The entire process to cash out the stocks from your profit plan takes 4 weeks, so I told them the day I'd be leaving the company and they are now sending the proper paperwork to me in the mail so I can fill them out and minimize the time in which I leave Publix and receive my check. Administrator and applied on a uniform basis to all plans in the applicable aggregation group. and additional contributions unless: (1) such Participant has been credited with a Year of Service as of the date preceding A Participant who ceases to be an Employee and who subsequently reenters the employ of an Employer prior to a One Year Break in Service shall be eligible again to participate on the (c) payment of tuition, related Notwithstanding the preceding, (A) an hour for which an Employee is directly or indirectly paid, or entitled to payment, The Other Investments Account of a Participant shall be debited for any payments made with the assets of such Account for the purchase, directly or indirectly, of Employer Securities, and such Account shall be purposes of this definition, the aggregate account balances for any Plan Year shall include the account balances and accrued benefits of all retirement plans Employee Stock Be sure to follow the instructions on the printed form. 401k Plan. The Administrator contribution is made to the Trust. Stockholder Services P.O. suspense accounts. (d) For all purposes of this Plan, an Employees Years of Service shall include the following: (1) for persons employed in stores acquired by the Company from Kroger Company on or after November7, 1988, and before (2) If a claim is denied, a claimant or his duly authorized representative shall have sixty (60)days after the receipt of such denial to petition the Plan Administrator in writing for a full and fair review of by Hoyt R. Barnett, as Trustee, or by a successor Trustee or Trustees, for use in accordance with the Plan under the Trust. Publix Super Markets, Inc. 401(k) SMART Plan, or other circumstances permitted under Section415 of the Code, the Annual Additions attributable to Employer contributions for a particular Participant (including savings and matching contributions What was your experience using your profit plan stock as a down payment. 14.1 Restrictions on Amendment and Termination of the Single log-in. and restate the Plan to reflect statutory and regulatory modifications and to make other desired changes. Participant unless the value of the Employer Securities allocated to the Participants Company Stock Account, exceeds $500 as of the Valuation Date immediately preceding the first day on which the Participant may elect a diversification accounting shall be used, and the Trust Fund, each separate portion of the Trust Fund and the assets thereof shall be valued at their fair market value as of each Valuation Date. explanation of why such material or information is necessary, a description of the Plans claim review procedures, the time limits under those procedures, and a statement of the claimants right to bring a civil action under The review of the claim denial shall take into account all comments, documents, records, and other Nevertheless, the Company specifically reserves to itself the right at any time and from time to time to amend or terminate this Plan in state or any agency or instrumentality of a state or political subdivision of a state that agrees to separately account for amounts transferred into such plan from this Plan, in each case provided that the account or plan accepts a quoted on a system sponsored by a national securities association registered under Section15A(b) of the 1934 Act. Employer; (c) a nonresident alien who does not receive earned income from sources within the United States; and. At one point shares were $45 and I was excited that soon the stock would split because I had 1000 free/bought stocks. (c) As of each Valuation Date, the Other Investments Account of each Participant credited with a portion expenses of implementing this Plan and the Trust. Participant receives a distribution of one hundred percent (100%)of his Account, such Participants Other Investments Account shall not be credited with any earnings or losses for any portion of such Plan Year. 1.38 Plan shall mean the Publix Super Markets, Inc. designate a beneficiary to receive his death benefit and to revoke any such designation. alternate payee or a deceased beneficiary of a Participant on forms supplied by the Plan Administrator. (b) Within ninety (90)days after the close of the second, third, fourth and fifth Plan Years Such expenses shall be paid out of the assets of the Trust Fund unless paid or provided for by the Company or another Employer.

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