Mondelez 2012 Annual Report Download - page 394

5.7 Beneficiary . For purposes of this Plan, a Participant’s “ Beneficiary ” with respect to benefits payable under a specific Section of the
Plan shall be the same person or persons as his beneficiary determined under the terms of the Thrift Plan or Retirement Plan, as applicable;
provided, however, that each Participant may designate in writing any legal or natural person or persons as Beneficiary of any benefits payable
under the Plan after his death, and, to the extent that death benefits are payable both with respect to supplemental Thrift Plan benefits under
Section 3 of the Plan and supplemental Retirement Plan benefits under Section 4 of the Plan, separate Beneficiary designations may be made
with respect to those components of the Plan. A Beneficiary designation made with respect to benefits payable under the Plan will be effective
only after it is filed in writing with the Committee or its delegate while the Participant is alive and will cancel all beneficiary designation forms
filed earlier. Any designation of a Beneficiary or Beneficiaries (as defined under and determined with respect to the Kraft Plan) in effect under
subsection 5.7 of the Kraft Plan immediately prior to the Spin Date shall remain in effect under this Mondelēz Global Plan on and after the Spin
Date, subject to cancellation as described in the preceding sentence of this subsection 5.7.
5.8 Separation from Service . The term “ Separation from Service ”
means the date on which the Participant ceases to be employed by the
Company and all Related Companies for any reason, subject to the following:
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(c) any portion which is a grandfathered amount shall be paid in the same form, at the same time and in the same manner as death
benefits or QPSA benefits would have been paid under the provisions of the Plan as in effect on October 3, 2004; and
(d) if the Participant’s death occurs after payment of his grandfathered supplemental retirement benefit under Section 4 has commenced,
no death benefits shall be payable under the Plan with respect to such grandfathered benefits except as may be provided under the
distribution method applicable to such benefit in accordance with subsection 5.3.
(a) The employment relationship will be deemed to have ended on the date that the Participant and his Employer reasonably anticipate
that the level of bona fide services the Participant will perform for the Company and the Related Companies after such date (whether
as an employee or independent contractor, but not as a director) would permanently decrease to no more than 20% of the average
level of bona fide services performed over the immediately preceding 36-
month period (or the full period of services to the Company
and Related Companies if the Participant has performed services for the Company and the Related Companies for less than 36
months). Absent a reasonable expectation that the Participant’s level of bona fide services after such date will exceed the above-
described percentage, a deemed termination of the employment relationship will occur even if the Participant continues on the
payroll of the Company or the Related Companies after that date.