Dean Foods (NYSE: DF) is an American food and beverage company with two operating divisions: Fresh Dairy Direct and WhiteWave-Morningstar.[2] The company maintains plants and distributors in the United States and the United Kingdom. Dean Foods products are sold throughout the USA.
Dean Foods is one of the leading food and beverage companies in the country. We are the largest processor and distributor of milk and other dairy products. Through our WhiteWave Foods division, we are also the nation's leading manufacturer of soymilk, organic milk and other organic foods. We operate more than 100 plants in the United States and employ more than 26,000 people
Each Participant will have a target bonus equal to a specified percentage of his or her base salary that could range from approximately 50% to 150% of his or her base salary, as determined by the Compensation Committee of the Board of Directors of Dean Foods (the “ Committee ”) in its sole discretion (the “ Target Bonus ”). The amount of the Target Bonus to be paid will range from 0% to 200% of the Target Bonus, depending on the level of achievement of the performance criteria established by the Committee.
First and foremost, we are committed to helping peo ple live
better by providing them with wholesome and nutritious food and
beverage options. Ensuring that our products are of the highest
quality is critical. Regardless of your role in the organization,
including the formulation, production, storage or transportation of
our products, you must exercise the highest standards of care.
You must follow all plant rules and processes for the handling of
products. Testing and inspections must conform to policy and
be properly documented.
Compliance with environmental laws and regulations is our
minimum expectation. If an employee is found to knowingly violate
the law or permit an act in violation of the law, that employee
will be disciplined up to and including termination.
The next few sections of the Code will highlight some key
regulatory issues for our business and address our most significant
areas of environmental impact: energy consumption,
transportation fuel usage, water conservation and quality, and
solid waste management. For each of these areas, we have
voluntarily set goals to improve our environmental performance.
In addition to making and keeping accurate books, records
and accounts, it is also our policy to maintain a system of
internal accounting controls sufficient to provide reasonable
assurances that:
• transactions are executed in accordance with management’s
general or specific authorization;
• transactions are recorded as necessary to permit preparation
of financial statements in conformity with generally
accepted accounting principles, or any other criteria applicable
to such statements, and to maintain accountability
for assets;
• access to assets is permitted only in accordance with
management’s general or specific authorization; and
• asset records are compared with the existing assets at
reasonable intervals and appropriate action is taken
regarding differences.
We are committed to providing our investors with accurate,
complete and transparent financial information. All employees
involved with recording and reporting of financial transactions
are expected to act at all times in accordance with that objective.
Accounting entries must never be made to disguise the true
nature of a transaction.
All equipment, supplies, software and other tangible assets
used in our business are to be treated with care. You are responsible
for ensuring that all equipment issued to you is properly
used, stored and maintained. Unauthorized use of Company
equipment, supplies, software or other assets (including any use
that is in violation of this Code of Ethics) is prohibited. You
must never make unauthorized copies of software or remove any
equipment or other assets from our premises without specific
authorization.
Remember that our intangible assets are just as valuable as
our tangible assets. See Confidential Information and Disclosure
of Information About Our Company.
Recordkeeping
As part of our business, we maintain many types of important
records apart from accounting records, including, for example,
service reports, production and maintenance logs, safety
records, laboratory reports, shipping and receiving records and
reports prepared for governmental agencies. In addition, many
employees submit time records or written expense reports.
It is our policy that all such records, and any other records you
may prepare in connection with your duties as an employee
of the Company, must be accurately and timely prepared
and maintained. Never falsify or include misrepresentations in
any document you prepare on behalf of or for submission to
our Company.
Certain documents and other records pertaining to our business
must be maintained for specific periods of time for possible
review by regulatory authorities. We have established a comprehensive
Record Retention Policy that prescribes the period of
time during which all business records must be maintained,
and outlines the required procedures for discarding our business
records.
The retention periods in the Record Retention Policy cover
electronic communications as well as paper documents. You
must, on a consistent schedule, evaluate all of your electronic
records (including each email message you send and receive)
and save or delete the record in accordance with that policy.
Federal law prohibits companies from making contributions or
gifts of any kind to any political candidate, campaign committee
or other organization in connection with any federal election.
Such prohibited political campaign contributions include money
(i.e. cash or checks) or any in-kind contribution of property,
goods or services. Federal rules also prohibit any person from
making a personal contribution and then receiving reimbursement
from corporate funds through an expense account, a bonus
or other form of direct or indirect compensation. Certain state
laws also prohibit companies from making contributions or gifts
of any kind to any political candidate, campaign committee or
other organization in connection with any state or local election
and similarly prohibit the use of corporate funds to reimburse
any person from making a political contribution. It is our policy
to comply with these and all other laws regarding political contributions.
You must never use any Company facility or other
resource in connection with campaign activity without prior confirmation
of its legality from our Legal Department. You must
never give, offer or promise anything of value as a bribe, gratuity
or kickback to any U.S. federal, state or local public official. You
must also never request or approve a request for reimbursement
in violation of this policy. You are, of course, free to participate
or contribute to any political campaign as an individual, subject
to any individual limitations.
Dean Foods is one of the leading food and beverage companies in the country. We are the largest processor and distributor of milk and other dairy products. Through our WhiteWave Foods division, we are also the nation's leading manufacturer of soymilk, organic milk and other organic foods. We operate more than 100 plants in the United States and employ more than 26,000 people
Each Participant will have a target bonus equal to a specified percentage of his or her base salary that could range from approximately 50% to 150% of his or her base salary, as determined by the Compensation Committee of the Board of Directors of Dean Foods (the “ Committee ”) in its sole discretion (the “ Target Bonus ”). The amount of the Target Bonus to be paid will range from 0% to 200% of the Target Bonus, depending on the level of achievement of the performance criteria established by the Committee.
First and foremost, we are committed to helping peo ple live
better by providing them with wholesome and nutritious food and
beverage options. Ensuring that our products are of the highest
quality is critical. Regardless of your role in the organization,
including the formulation, production, storage or transportation of
our products, you must exercise the highest standards of care.
You must follow all plant rules and processes for the handling of
products. Testing and inspections must conform to policy and
be properly documented.
Compliance with environmental laws and regulations is our
minimum expectation. If an employee is found to knowingly violate
the law or permit an act in violation of the law, that employee
will be disciplined up to and including termination.
The next few sections of the Code will highlight some key
regulatory issues for our business and address our most significant
areas of environmental impact: energy consumption,
transportation fuel usage, water conservation and quality, and
solid waste management. For each of these areas, we have
voluntarily set goals to improve our environmental performance.
In addition to making and keeping accurate books, records
and accounts, it is also our policy to maintain a system of
internal accounting controls sufficient to provide reasonable
assurances that:
• transactions are executed in accordance with management’s
general or specific authorization;
• transactions are recorded as necessary to permit preparation
of financial statements in conformity with generally
accepted accounting principles, or any other criteria applicable
to such statements, and to maintain accountability
for assets;
• access to assets is permitted only in accordance with
management’s general or specific authorization; and
• asset records are compared with the existing assets at
reasonable intervals and appropriate action is taken
regarding differences.
We are committed to providing our investors with accurate,
complete and transparent financial information. All employees
involved with recording and reporting of financial transactions
are expected to act at all times in accordance with that objective.
Accounting entries must never be made to disguise the true
nature of a transaction.
All equipment, supplies, software and other tangible assets
used in our business are to be treated with care. You are responsible
for ensuring that all equipment issued to you is properly
used, stored and maintained. Unauthorized use of Company
equipment, supplies, software or other assets (including any use
that is in violation of this Code of Ethics) is prohibited. You
must never make unauthorized copies of software or remove any
equipment or other assets from our premises without specific
authorization.
Remember that our intangible assets are just as valuable as
our tangible assets. See Confidential Information and Disclosure
of Information About Our Company.
Recordkeeping
As part of our business, we maintain many types of important
records apart from accounting records, including, for example,
service reports, production and maintenance logs, safety
records, laboratory reports, shipping and receiving records and
reports prepared for governmental agencies. In addition, many
employees submit time records or written expense reports.
It is our policy that all such records, and any other records you
may prepare in connection with your duties as an employee
of the Company, must be accurately and timely prepared
and maintained. Never falsify or include misrepresentations in
any document you prepare on behalf of or for submission to
our Company.
Certain documents and other records pertaining to our business
must be maintained for specific periods of time for possible
review by regulatory authorities. We have established a comprehensive
Record Retention Policy that prescribes the period of
time during which all business records must be maintained,
and outlines the required procedures for discarding our business
records.
The retention periods in the Record Retention Policy cover
electronic communications as well as paper documents. You
must, on a consistent schedule, evaluate all of your electronic
records (including each email message you send and receive)
and save or delete the record in accordance with that policy.
Federal law prohibits companies from making contributions or
gifts of any kind to any political candidate, campaign committee
or other organization in connection with any federal election.
Such prohibited political campaign contributions include money
(i.e. cash or checks) or any in-kind contribution of property,
goods or services. Federal rules also prohibit any person from
making a personal contribution and then receiving reimbursement
from corporate funds through an expense account, a bonus
or other form of direct or indirect compensation. Certain state
laws also prohibit companies from making contributions or gifts
of any kind to any political candidate, campaign committee or
other organization in connection with any state or local election
and similarly prohibit the use of corporate funds to reimburse
any person from making a political contribution. It is our policy
to comply with these and all other laws regarding political contributions.
You must never use any Company facility or other
resource in connection with campaign activity without prior confirmation
of its legality from our Legal Department. You must
never give, offer or promise anything of value as a bribe, gratuity
or kickback to any U.S. federal, state or local public official. You
must also never request or approve a request for reimbursement
in violation of this policy. You are, of course, free to participate
or contribute to any political campaign as an individual, subject
to any individual limitations.
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