Mondelez 2012 Annual Report Download - page 446

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(1) It shall be assumed that the fair market value of the assets of the Trust on the Availability Date resulting from such
event (or on the date Mondelēz ceases to serve as Administrator, if earlier) continued to be invested by the Trustee until
the Distribution Date in the same manner in which the Trustee invests the assets held in such a Trust established by a
similarly situated employee of Mondelēz (a “Similarly Situated Trust”), and if at any time the Trustee reinvests the
assets of such a Similarly Situated Trust it shall be assumed that the assets attributable to the Employee have been
reinvested in the same manner. If at any time there is no Similarly Situated Trust but the Trustee is investing the assets
of other Trusts in the manner set forth in Item 3 of Schedule A of the Employee Grantor Trust Agreement attached as
Exhibit A (or in any other manner permitting objective determination how the Trustee would invest the assets of a
Similarly Situated Trust), it shall be assumed for this purpose that the assets attributable to the Employee have been
invested in the same manner.
(2) It shall be further assumed that federal, state and local income taxes on the resulting deemed investment income
(calculated using the tax assumptions set forth in Exhibit B) have been paid from the assets of the deemed Trust.
(3)
The amount so determined as the fair market value of the deemed Trust assets as of the Distribution Date, as determined
using the assumptions in this subsection (d), shall be the Offset Amount, which shall be offset against the benefits
otherwise payable under the Mondelēz Supplemental Plans on the Distribution Date, in the manner provided in
subsection (c) above.
(4) For any periods during which there is no Similarly Situated Trust and the manner in which such assets would be
invested cannot be determined by reference to Item 3 of Schedule A of Exhibit A or as otherwise provided in paragraph
(1) of this subsection (d), then paragraph (1) shall be applied by crediting interest at the average annual interest rate
provided by the Internal Revenue Code of 1986, as amended (“Code”) section 417(e)(3) for the month of December
preceding the first year in which such determination cannot be made and for each successive December during the
period for which the calculation is being performed.