Mondelez 2012 Annual Report Download - page 386

Section 3 (including any Earnings Equivalents hereunder) and any aggregated plan (including any earnings thereunder) and on and
before the date of the last payment thereof was not eligible to elect to continue to defer compensation under this Section 3 or any
aggregated plan, and (ii) if clause (i) of this sentence does not apply, he may only make an election under and in accordance with the
provisions of Section 3.3.
3.5 Matching Contribution Credits . If a Participant has a deferral election (or deemed election) in effect for any Plan Year under
subsection 3.3 or 3.4, his Account under the Plan will be credited with an amount for such Plan Year equal to the matching contributions to
which the Participant would have been entitled under the Thrift Plan if the amounts deferred under subsection 3.3 or 3.4 for such Plan Year had
been contributed to the Thrift Plan. Matching contribution amounts shall be credited to a Participant’s Account as of the date that matching
contributions would have been credited under the Thrift Plan if the amounts deferred under subsection 3.3 had been contributed to the Thrift
Plan.
3.6 Supplemental Basic Contributions . An employee or Participant who is eligible to receive a Mondelēz Global Basic Contribution under
the Thrift Plan for any Plan Year shall be credited with supplemental basic contribution credits under this Section 3 for such Plan Year in an
amount equal to 4.5% of his Eligible Compensation in excess of the IRS Annual Compensation Limit for such year. Supplemental basic
contribution credits shall be credited to a Participant’s Account as of the same date that such amounts would have been credited under the Thrift
Plan if they were Mondelēz Global Basic Contributions.
3.7 Earnings Equivalents . The Accounts of Participants shall be credited with deemed earnings and/or losses (“ Earnings Equivalents ”)
as of each Accounting Date (as defined in paragraph (a) below) in accordance with the following provisions:
7
(a)
The term
“
Accounting Date
”
means, each business day (as determined by the Committee in its sole discretion).
(b) As of each Accounting Date, a Participant’s Account shall be credited with an amount determined by multiplying the Participant’s
Account balance on that date by an “earnings equivalent rate” as described below. Except as provided in paragraph (c) below, the
earnings equivalent rate to be credited for any period shall be equal to the rate of earnings (as determined by the Committee) for such
period on the Interest Income Fund of the Thrift Plan.
(c) Prior to 1991, the General Foods business unit of the Company maintained a plan known as the Supplemental Thrift-Investment Plan
(the “ General Foods Plan ”), which permitted participants to have their accounts credited with assumed earnings based upon
hypothetical investment elections in certain investment funds known as the Guaranteed Return Fund (now known as the Interest
Income Fund), U.S. Government Securities Fund, Diversified Equity Index Fund, and Philip Morris Stock Fund (now known as the
Altria Group Stock Fund). The outstanding accounts of Transferred Employees previously maintained under the General Foods Plan
are now maintained under this Plan. With respect to that portion of