Mondelez 2013 Annual Report Download - page 252

The number of stock options granted is typically communicated as a ratio relative to the number of restricted shares granted based on the
“economic value” of the stock options. In 2013, Mondelēz International granted 5 stock options for every restricted share awarded. This ratio
may change from year to year.
Sign On Incentives
As part of your employment offer, as an incentive to join Mondelēz International, upon hire, you will receive sign-on incentives in the form of
cash and stock as follows:
The actual number of shares that you will receive will be determined based upon the fair market value of Mondelēz International, Inc. Common
Stock on your date of hire. You will be paid cash dividends on the restricted shares during the vesting period consistent in amount and timing
with that of Common Stock shareholders.
In the event that you are involuntarily terminated for reasons other than cause prior to the full vesting of your sign-on equity, you will fully vest
in the awards on the effective date of your termination.
For purposes of this offer letter, “cause” means: 1) continued failure to substantially perform the job’s duties (other than resulting from
incapacity due to disability); 2) gross negligence, dishonesty, or violation of any reasonable rule or regulation of the Company where the
violation results in significant damage to the Company; or 3) engaging in other conduct which materially adversely reflects on the Company.
The other terms and conditions set forth in Mondelēz International’s standard Stock Award Agreement will apply.
Mondelēz Global LLC
Deerfield, IL 60015 USA
mondelezinternational.com
Cash Sign-On Incentive: $100,000 with a two-year repayment agreement, payable at date of
hire.
Equity Sign-On Incentive: $2,500,000 delivered partially as restricted stock (75%) and
partially as stock options (25%) to vest as follows:
•
50% on your 1
st
anniversary;
•
25% on your 2
nd
anniversary and
•
25% on your 3
rd
anniversary