Mondelez 2012 Annual Report Download - page 422

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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(a) the amount that would have been payable to the Participant under subsection 4.2 and subsection 4.76(other than any portion thereof
which is a grandfathered amount) shall be paid to the Participant’s Beneficiary in a lump sum at the same date that such amount
would have been paid to the Participant (determined without regard to subsection 5.4);
(b) with respect to such Participant’s supplemental disability benefit under subsection 4.7, an amount equal to the lump sum present
value of such supplemental death benefits or QPSA benefit, if any, as would be provided with respect to the Participant’s benefit
under the Retirement Plan shall be paid to the Participant’s Beneficiary in a lump sum within 90 days following the date of the
Participant
’
s death;
(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 Kraft Plan as in effect on October 3, 2004; and
(d) if the Participant’s death occurs after payment of his grandfathered amount 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.