Mondelez 2012 Annual Report Download - page 468

2.1.4 Beneficiary Election Modification
A Participant shall be permitted at any time to modify his or her Beneficiary election, effective as of the Election Date, by submitting a Modified
Election Form to the Secretary of the Company.
2.2 Investments
2.2.1 Deferred Fee Accounts
The Company shall establish a Deferred Fee Account for each Participant who has made a Deferral Election pursuant to Section 2.1.1. On each
Allocation Date, the Company shall allocate the amount of the Deferred Amount to be credited to each Participant’s Deferred Fee Account.
2.2.2 Subaccounts
The Company shall establish within each Deferred Fee Account one or more Subaccounts to which the Deferred Amounts are to be allocated
pursuant to the Participant’s Election Form or Election Forms. Such Subaccounts shall be credited with earnings and charged with losses, if any,
on the same basis as the corresponding Fund, as the same may change from time to time.
To the extent additional investment funds are provided under the Profit-Sharing Plan, the senior Human Resources officer of the Company is
authorized to establish corresponding Subaccounts under the Plan. The senior Human Resources officer is authorized to limit or prohibit new
investments or transfers into any Subaccount.
Subject to the provisions of Sections 2.2.3 and 2.2.4, on each Allocation Date, each Participant’s Subaccounts shall be credited with an amount
equal to the Deferred Amount designated by the Participant for allocation to such Subaccounts. Each Subaccount shall be credited with earnings
and charged with losses as if the amounts allocated thereto had been invested in the corresponding Fund.
The value of any Subaccount at any relevant time shall be determined as if all amounts credited thereto had been invested in the corresponding
Fund.
2.2.3. Investment Directions
Each Participant shall make an investment direction on his or her Initial Election Form with respect to the portion of such Participant’s Deferred
Amount that is to be allocated to a Subaccount. Any apportionment of Deferred Amounts (and of increases or decreases in Deferred Amounts)
among the Subaccounts shall be in integral multiples of one percent (1%). An investment direction shall become effective with respect to any
Subaccount on the first day of the calendar month following the Election Date of such Election Form. An investment direction shall remain in
effect with respect to all future Deferred Amounts until a new investment direction made by the Participant in accordance with Section 2.2.4
becomes effective.
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