Mondelez 2012 Annual Report Download - page 495

Participant dies before receiving the value of all of his Accounts. A Beneficiary designation must be made in the manner required by the
Administrator for this purpose. Primary and secondary Beneficiaries are permitted. A married participant designating a Beneficiary other than
his Spouse must obtain the consent of his Spouse to such designation (in accordance with rules determined by the Administrator). Payments to
the Participant’s Beneficiary(ies) shall be made in accordance with subsection 9.1, 9.2 or 9.4, as applicable, after the Administrator has received
proper notification of the Participant’s death.
A Beneficiary designation will be effective only when the Beneficiary designation is received by the Administrator while the Participant is
alive, and a subsequent Beneficiary designation will cancel all of the Participant’s Beneficiary designations previously filed with the
Administrator. Any designation or revocation of a Beneficiary shall be effective when it is received by the Administrator. Once received, such
designation shall be effective as of the date the designation was executed, but without prejudice to the Administrator on account of any payment
made before the change is recorded by the Administrator. If a Beneficiary dies before the entire payment of the Participant’
s Accounts have been
made, the Participant’s Accounts shall be distributed in accordance with the Participant’
s Beneficiary designation or pursuant to rules established
by the Administrator. If a deceased Participant failed to designate a Beneficiary, or if the designated Beneficiary predeceases the Participant, the
value of the Participant’s Accounts shall be payable to the Participant’s Spouse or, if there is none, to the Participant’s estate, or in accordance
with such other equitable procedures as determined by the Administrator.
For purposes of this Section 9.6, any valid beneficiary designation in effect for a Participant under the KEDCP will be transferred to this
Plan and apply unless and until subsequently superseded in accordance with the Plan provisions.
9.6 Reemployment
If a former Participant is rehired by an Employer, the Employer or any affiliate or subsidiary of the Employer described in Section 414(b)
and (c) of the Code, regardless of whether he is rehired as an Eligible Individual (with respect to an Employee Participant), any payments being
made to such Participant hereunder by virtue of his previous Termination Date shall continue to be made to him without regard to such rehire. If
a former Participant is rehired by the Employer (with respect to an Employee Participant), and any payments to be made to the Participant by
virtue of his previous Termination Date have not been made or commenced, any payments being made to such Participant hereunder by virtue of
his previous Termination Date shall continue to be made to him without regard to such rehire or return to service. See subsections 4.1 and 4.2 of
the Plan for special rules applicable to deferral elections for rehired or Re-Eligible Participants.
9.7 Special Distribution Rules
Except as otherwise provided herein and in Section 12, Account balances of Participants in this Plan shall not be distributed earlier than the
applicable date or dates described in this Section 9. Notwithstanding the foregoing, in the case of payments: (i) the deduction for which would be
limited or eliminated by the application of Section 162(m) of the Code; (ii) that would
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