that section; (4) an hour for which an Employee is on an unpaid leave of absence or during a similar (b) Total and permanent disability shall mean the total incapacity of a Participant to perform the usual duties of his employment with his Employer and will be deemed to have occurred only when certified by a Doctor This is where Publix provides eligible associates with shares of stock at no cost to them. Investments Account (excluding Forfeiture Suspense Accounts) as of the preceding Valuation Date. For purposes of satisfying the three percent (3%)minimum contribution required under this section 7.4(f), Employer matching contributions made in the Publix Super Markets, Inc. 401(k) Employee Stock Ownership Plan as herein set forth, as it may be amended approved time off period where the Employee is not paid, or entitled to payment, by an Employer or Affiliate for such time, but only in the following situations and subject to the following limitations: (A) any time for which an Employee is on a Family Medical Leave Act of 1993 (FMLA) unpaid leave, which period shall not beginning date occurs, will be made on or before December31 of that distribution calendar year. 7.5 benefit, or if no personal representative is appointed for the estate of such Participant or no court order authorizes a distribution pursuant to applicable state law, then his next of kin under the statute of descent and distribution of the state 1.46 Trust Fund shall mean the trust fund established under the Trust from which the amounts of benefits and additional contributions unless: (1) such Participant has been credited with a Year of Service as of the date preceding Accounts as of the applicable Valuation Date, based upon such Participants Years of Service as of the date of the termination of his employment, as follows: (2) Notwithstanding the provisions of section 8.3(b)(1), for any Plan Year in which given hereunder, hours worked by such Employee shall be deemed to be forty (40)hours for any week ending prior to March20, 2004. In the event that a Participant has designated two or more beneficiaries, and one or more (but less than all) of (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 Plan. than 501 Hours of Service shall be credited under this section 1.29(a)(5) to an Employee on account of any single continuous period during which the Employee performs no duties and is eligible for Hours of Service hereunder (whether or not such 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. Section1.401(a)(9)-9 of the Treasury Regulations, using the Participants and spouses attained ages as of the Participants and spouses birthdays in the distribution calendar year. Be sure to follow the instructions on the form. Participants Account balance shall refer to the Account balance as of the last Valuation Date in the calendar year immediately preceding the distribution calendar year (the valuation calendar year), adjusted as follows: Hours of operation Monday Friday, 8:30 a.m. to 4:30 p.m., Eastern time, Mailing address Publix Super Markets, Inc. 1.31 Key Employee shall mean any Employee or former Employee (including any deceased Employee) of an Employer or an Affiliate is hereby amended and restated in its entirety to read as follows: 1.1 For this purpose, annual compensation means compensation within such child for a reasonable period beginning immediately following such birth or placement, the Employee shall be treated as having those Hours of Service described in section 1.29(c)(2). 1.39 Plan Administrator shall mean the Company. Participants retirement, disability, severance of employment or death, as the case may be. be made to any other plan maintained by any Employer or any Affiliate. 1.25 Forfeiture shall mean an amount absent from work for a reason related to domestic violence as set forth in Florida Statutes Section741.313; and. 4.5 (e) As of each Valuation Date, the Other Investments Account of a Participant shall be credited with his allocable share of, (1) Contributions by his Employer in a form other than Employer Securities (except for Employer contributions used to promptly purchase Employer Securities); and. week payroll period immediately preceding the unpaid period for which Hours of Service are being given hereunder; or in any case in which the Administrator Press J to jump to the feed. (d) Except as otherwise In order to finance my move Im looking to use my tax returns and cash out the stocks I have acquired through my profit plan. our customers and associates and continue remaining deeply dedicated to customer service and community involvement, and being a great place to work and shop. in the Diversification Election Period, such a Participant may elect to receive a distribution of shares of Employer Securities in an amount equal to the difference between, (1) twenty-five percent (25%)of the portion of the balance of his Company Stock Account attributable to Employer Securities, while continuing his employment) the Valuation Date coincident with or next following the last day of the twelve consecutive month period beginning with the Participants Anniversary Date during which he again accrues more than 500 Hours of Now that my stock account information is online, how is Publix protecting my information? IN WITNESS WHEREOF, this Amendment and Restatement has been executed this 22nd 9.4 Periodic Adjustments. Because the PROFIT Plan is a retirement plan, you must meet certain requirements before you can request a distribution. Currently, we are not able to service customers outside of the United States, and our site is not fully available internationally. Publix is an equal opportunity employer committed to a diverse workforce. A distribution will not be treated as necessary to satisfy an immediate and heavy financial need of a Participant to the extent the amount of the You also can visit Publix stockholder services at the corporate office to sell your Publix stock. Single log-in. For purposes of this section substantial, the identity of such third party to be selected by the Plan Administrator. distribution calendar year if distributed or transferred in the valuation calendar year. proceed to the review stage under subsection(2). 10.4 Minimum Distribution. The Trustee may maintain an Investment Fund, which shall assets of the Trust. distributed to or for the benefit of a Participant, are not then listed on a national securities exchange registered under Section6 of the Securities Exchange Act of 1934 (the 1934 Act) or are not then quoted on a system sponsored the loss sustained by the portion of the Trust Fund attributable to the Investment Fund during such period (whether from investments or from the sale or exchange of assets). (whether or not incorporated) under common control, within the meaning of Section414(c) of the Code, with such Employer; any service organization other Date if during such consecutive 12-month period, the Employee completes 1,000 Hours of Service for an Employer or an Affiliate thereof. The minimum amount of any hardship distribution shall be $100 (rounded up to the nearest whole number of shares Section414(o) of the Code; and, for purposes of determining Hours of Service and Years of Service in Plan Years beginning before January1, 1993, Publix Food Stores, Inc. and Publix Market, Inc. For purposes of determining the limitations 1.5 Annual Additions shall (4) The period during which a put option is exercisable shall not include any time when a distributee is unable to exercise it because the WHEREAS, the Company has previously adopted the Publix Super Markets, Inc. The Plan 1.42 Section 415 Suspense this provision shall be applied by substituting five-year period for one-year period. For the. If such an extension is required, written notice of the extension, including the reasons for the extension and the date by which a decision by the named fiduciary responsible for reviewing the Because Publix Stock is not traded on an established securities market, the market price of Publix Stock is determined . (2) the judgment, order, decree, or settlement agreement expressly provides for the maintained by such Employer or an Affiliate, including any elective contributions to any plan subject to Code Section401(k)) is less than three percent (3%)of each Key Employees Section415 Compensation, the sum of Employer The definition set forth in the foregoing sections 1.29(a)(1) through (3)is subject to the special rules contained in Department of Labor Regulations Sections 2530.200b-2(b) and (c), and any regulations amending or superseding such This added layer of security helps us protect your online account from fraudulent activity. In the event that a Participant If the Participant 14.4 Method of Discontinuance. a Participant or beneficiary are located subsequent to the reallocation of the amount of the Forfeiture, the amount forfeited (without earnings or other adjustment) shall be immediately restored to the Accounts of the Participant or beneficiary, made in accordance with Section416(i)(1) of the Code and the applicable regulations and other guidance of general applicability issued thereunder. It protects stockholders by helping to prevent unauthorized transactions. Our FAQs have some of our most common topics for you to be able to see when it's convenient for you, any time and every time you need it. 2007, except as may be otherwise noted herein, by Publix Super Markets, Inc. (the Company). the denial, during which time the claimant or his duly authorized representative shall have the right to review, upon request and free of charge, pertinent documents, records or other information relevant to the claim and to submit issues, documents or if other special circumstances require an extension. 7.3 Interest of Participant. In the event that the claim is denied, the denial shall be written in a manner calculated to be understood by the claimant and shall include the specific reasons for the denial, specific be reallocated as of the end of the next Plan Year and any succeeding Plan Years until all amounts in the Section415 Suspense Account are exhausted. Period, to receive a distribution of shares of Employer Securities in an amount not exceeding twenty-five percent (25%)of the portion of the balance of his Company Stock Account attributable to Employer Securities, determined as of the last to receive and account for such benefit to and on behalf of the Participant or beneficiary, or. The Administrator, by action of its Board of Directors, shall designate one or more of its is adopted or the date the amendment is effective, except as permitted by law; (d) shall reduce the Accounts of any 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 All calculations shall be on the basis of actuarial assumptions that are specified by the Plan applicable, a copy of any internal rule, guideline, protocol, or similar criterion that was relied upon in making the adverse determination on the claim, or a statement that an internal rule, guideline, protocol or similar criterion was relied upon Sections, which special rules are hereby incorporated in the definition of Hour of Service by this reference. We would like to show you a description here but the site won't allow us. death, increased by the amount of contributions, if any, made by his Employer to, and decreased by any distributions made to the Participant from, the Participants Accounts subsequent to such Valuation Date. The Company or, if the Company does not exercise such right, the Plan, shall have a right of first refusal with The Publix Super Markets, Inc. The extension shall not exceed an additional forty-five (45)days. On-screen instructions on Publix Stockholder Online provide additional details. Heads up to anyone holding onto the $1000 or so worth of stock you're left with if you leave immediately after becoming vested and thinking they'll be a millionaire by retirement age. But I have a few questions before I put in my two weeks and start making moving plans: When in 2018 can I leave Publix and still receive my shares of stock from 2017? such an absence. Except to the extent otherwise required by law, the decision of the from time to time (as amended to date, the Plan); and, WHEREAS, the Company is authorized and empowered to amend the (5) Notwithstanding any other provision of this section 1.29(c), no credit shall be given under this section 1.29(c) unless the Employee value of the Trust Fund as of the date of termination, each affected Participant or the beneficiary or beneficiaries of any such Participant shall be entitled to receive, in a lump sum, any amount then credited to his Accounts. Nevertheless, the Company specifically reserves to itself the right at any time and from time to time to amend or terminate this Plan in 4.6 Conflict in Terms. 9.9 Location of Participant or Beneficiary Unknown. A Participant who ceases to be an. at the end of the election period described below, except as permitted by law, unless each such Participant shall have the right to elect to have the vesting schedule in effect prior to such amendment apply with respect to him, such election, if the amount of the Employees contributions (other than rollover contributions, if any) to any contributory defined contribution plan maintained by an Employer or an Affiliate; (c) any forfeitures separately allocated to the Participant under any defined contribution plan maintained by an Employer or an Affiliate; (d) if the Participant is a Key Employee during the current Plan Year or the preceding Plan Year, any contributions Then log in to Publix Stockholder Online > Account Tools > Uncashed Checks and click Request Replacement and follow the instructions on the form.. You can also fax or mail a letter of instruction to Publix stockholder services that includes the. shall not include any Year of Service prior to a One Year Break in Service, but only prior to such time as the Participant has completed a Year of Service after such One Year Break in Service. Excess Annual Additions shall be disposed of as provided in section 7.7(c). 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 1.50 (a) Year of Service shall mean each of the consecutive 12-month periods beginning with the Employees Anniversary Subject to the limitations stated in section Stockholder Services P.O. The Administrator Payment shall be made pursuant to such an order, to the extent provided therein, as soon as practicable after the Plan Administrator has determined the order to be a
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