Mondelez 2013 Annual Report Download - page 251

With this assignment, your base salary will be quoted in USD and will be reviewed in line with our U.S. compensation practices. Your next
anticipated salary review will be April 1, 2014.
Annual Incentive Plan
You will be eligible to participate in the Mondelēz International Management Incentive Plan (MIP), which is the Company’s annual incentive
program. Your target award opportunity under the MIP is equal to 55% of your base salary. The actual amount you will receive may be lower or
higher depending on your individual performance and the performance of the Company overall. The maximum award under this program is
250% of your target opportunity. Your MIP eligibility will begin on your date of employment.
Long-Term Incentive Plan
Performance Shares
Your eligibility for the Mondelēz International performance share program (referred to as the Long-
Term Incentive Plan or LTIP will commence
with the 2014 – 2016 performance cycle. Your target opportunity under the LTIP is equal to 60% of your base salary at the beginning of the
performance cycle and your target award will be based on the full performance cycle. The actual award you will receive may be lower or higher
depending upon the performance of Mondelēz International, Inc. during the performance cycle. The number of performance shares under the
2014 – 2016 performance cycle is equal to your target value divided by the fair market value of Mondelēz International stock on the first
business day of the performance cycle.
The 2014-2016 performance shares will vest in early 2017. You will receive accumulated dividend payments at the end of the vesting period
based on the actual number of shares vested. It is anticipated that a new three year performance cycle will begin each year in January. Beginning
in 2017, if you remain employed and performance is above threshold, performance shares will vest each year at the conclusion of each
performance cycle.
Equity Program – Restricted Stock and Stock Options
You will also be eligible to participate in the Company’
s restricted stock and stock option award program. Stock awards are typically made on an
annual basis, with the next award anticipated to be granted in the first quarter of 2014. Awards have historically been delivered as follows: 50%
of equity value is delivered in restricted stock and 50% in stock options. Actual award size is based on individual potential and performance.
You will receive dividends on the restricted shares during the vesting period consistent in amount and timing with that of Common Stock
shareholders.
Mondelēz Global LLC
Deerfield, IL 60015 USA
mondelezinternational.com
** The value of the long-term incentive awards reflects the “economic value” of equity awards. For performance and restricted shares, the
value reflects grant value. For stock option value, the value approximates the Company
’
s Black
-
Scholes value.