Mondelez 2012 Annual Report Download - page 493

To the extent elected by the Employer in the Adoption Agreement, Participants who have elected payment in installments may make a
subsequent election to elect payment of that amount in the form of a lump sum, if payment of installments with respect to that year’s deferrals
has not yet commenced. Such election must be made in accordance with procedures established by the Administrator, and any such election must
be made to take effect no later than 12 calendar months prior to the originally elected payment date of the first installment. The new payment
date for the installment with respect to which such election is made must be deferred to the later of: (i) five years from the date such payment
would otherwise have been made, or (ii) the last payment date of the last installment with respect to that year’
s deferrals. To the extent elected by
the Employer in the Adoption Agreement, Participants who have elected payment in installments may make a subsequent election to change the
number of such installment payments so long as no acceleration of distribution payments (within the meaning of Code Section 409A) occurs (but
no fewer than the minimum number, and not to exceed the maximum number of installments elected by the Employer in the Adoption
Agreement), if payment of installments with respect to that year’s Deferral Elections has not yet commenced. Such election must be made in
accordance with procedures established by the Administrator, and any such election must be made and take effect no later than 12 calendar
months prior to the originally elected payment date of the first installment. The new payment date for any installment with respect to which such
election is made must be deferred for a period of not less than five years from the date such payment would otherwise have been made. In the
event payment has been elected by the Participant in the form of installments (to the extent elected by the Employer in the Adoption Agreement),
each installment payment shall be considered a separately identifiable payment. In the event payment has been elected by the Participant in the
form of a lump sum (or in the event payment shall be made to the Participant in the form of a lump sum under the terms of the Plan in the
absence of or in lieu of the Participant’s election), then the lump sum form shall be deemed to be a separately identifiable form of payment, and
the Participant may make a subsequent deferral election to elect payment of that amount in the form of installments (to the extent elected by the
Employer in the Adoption Agreement) in accordance with the procedures described above for changing installment payment elections.
Participants will be permitted to make such a change only once with respect to any year’s Deferral Elections.
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be made as soon as administratively practicable for the Administrator to make such payment). Succeeding payments shall generally
be made by January 1 of each succeeding calendar year, but in no event later than the end of each succeeding calendar year
(provided, however, that if calculation of the amount of the payment is not administratively practicable due to events beyond the
control of the Participant, the payment will be made as soon as administratively practicable for the Administrator to make such
payment). The amount to be distributed in each installment payment shall be determined by dividing the value of the Participant’s
Accounts as of a Valuation Date preceding the date of each distribution by the number of installment payments remaining to be
made, in accordance with rules established by the Administrator. In the event of the death of the Participant prior to the full payment
of his Accounts, payments will continue to be made to his Beneficiary in the same manner and at the same time as would have been
payable to the Participant, but substituting the Participant
’
s date of death for the Participant
’
s Retirement Date.