Mondelez 2012 Annual Report Download - page 387

SECTION 4
Supplemental Retirement Plan Benefits
4.1 Eligibility for Supplemental Retirement Plan Benefits . Subject to the conditions and limitations of the Plan, each Transferred
Employee and Former Cadbury Employee who was a Participant in Section 4 of the Kraft Plan (as defined therein) immediately prior to the Spin
Date will continue to be a Participant in this Mondelēz Global Plan under this Section 4 on and after that date, and each other employee of an
Employer who was not a Participant immediately prior to the Spin Date will automatically be enrolled in and become a Participant in the Plan
under this Section 4 on the first day upon which he satisfies the following requirements:
4.2 Amount of Supplemental Retirement Plan Benefits . Subject to the terms and conditions of the Plan:
8
any Participant’
s Account that was originally credited under the General Foods Plan prior to January 1, 1991, the earnings equivalent
rate applicable to such portion for any period shall be equal to the rate of earnings (as determined by the Committee) on the
investment funds under the Thrift Plan corresponding to the Participant’s hypothetical investment election, as in effect on
December 31, 1990, under the General Foods Plan, which investment election may not be changed, except that the Participant may
irrevocably elect, on a prospective basis only, to have such portion credited with Earnings Equivalents in the manner set forth in
paragraph (b) next above.
(d) The portion of a Participant’s Account, including any Prior Plan Grandfathered Account, that was originally credited to an account
maintained under the Cadbury Plan prior to January 1, 2012 (such portion being hereinafter referred to as the “ Cadbury Account ”)
shall be credited with Earnings Equivalents in the manner set forth in paragraph (b) above.
(a) he is a participant in the Mondelēz Global LLC Retirement Plan (other than Part C thereof, designated as the Cadbury Adams LLC
Personal Pension Account Plan) (the
“
Retirement Plan
”
);
and
(b) his benefits under the Retirement Plan are limited as a result of the IRS Annual Compensation Limit or the benefit limitations of
section 415 of the Code.
(a) A Participant under this Section 4 shall be eligible to receive a supplemental retirement benefit under the Plan, as of his Benefit
Calculation Date (as defined in subsection 4.4), in an amount equal to:
(i) the lump sum present value, as of the Benefit Calculation Date, of the benefit the Participant would have been entitled to
receive under the Retirement Plan if such benefit were determined without regard to the IRS Annual Compensation Limit and
without regard to the limitations imposed by section 415 of the Code,