Mondelez 2012 Annual Report Download - page 391

REDUCED BY
The term “ Disability Benefit Recalculation Date ” means the earlier of:
For purposes of this subsection 4.6, any benefits to which a Participant is entitled under Supplement EE of the Retirement Plan shall be
disregarded.
SECTION 5
Vesting and Payment of Plan Benefits
5.1 Vesting . A Participant shall at all times have a fully vested, nonforfeitable interest in the portion of his Account maintained under
Section 3 of the Plan attributable to his compensation deferrals made under subsection 3.3 (or under the equivalent terms of a Prior Plan), and the
Earnings Equivalents attributable thereto. A Participant shall become vested and have a nonforfeitable interest in the portion of his Account
maintained under Section 3 of the Plan attributable to matching contribution credits and Mondelēz Global basic contribution credits when and to
the extent that his matching account and Mondelēz Global Basic Contribution account, respectively, under the Thrift Plan becomes vested and
nonforfeitable. A Participant’
s Cadbury Account shall be fully vested and nonforfeitable at all times. A Participant shall become vested and have
a nonforfeitable interest in his benefits determined under Section 4 of the Plan when and to the extent that his accrued benefit under the
Retirement Plan becomes vested and nonforfeitable. Notwithstanding the foregoing provisions of this subsection 5.1, a Participant or his
beneficiary shall have no right to any benefits under the Plan if the Committee or his Employer determines that he engaged in a willful,
deliberate or grossly negligent act of commission or omission which is substantially injurious to the finances or reputation of the Employers.
5.2 Payment of Supplemental Thrift Plan Benefits to Participants . Subject to the following provisions of this Section 5, a Participant’s
vested supplemental Thrift Plan benefit under Section 3 shall be paid as follows:
12
(c) the lump sum present value, as of the Disability Benefit Recalculation Date, of the Participant’s supplemental retirement benefit
under subsection 4.2.
(d)
whichever of the following dates is applicable:
(i) in the case of a Participant whose disability first occurred before he attained age 60, the first day of the month coincident with
or next following the date he attains age 65; or
(ii) in the case of a Participant whose disability first occurred after he attained age 60, the date which is five years after such
occurrence; or
(e)
the date of the Participant
’
s death.