Mondelez 2014 Annual Report Download - page 172

9. Nature of the Grant . By participating in the Plan and in exchange for receiving the LTI Grant, the Participant acknowledges, understands and
agrees that:
(a) the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or
terminated by the Company at any time, to the extent permitted by the Plan;
(b) the LTI Grant is voluntary and occasional and does not create any contractual or other right to receive future awards, or benefits in lieu
of LTI Grants, even if LTI Grants have been made in the past;
(c) all decisions with respect to future LTI Grants, if any, will be at the sole discretion of the Committee;
(d) the Participant’s participation in the Plan is voluntary;
(e) the LTI Grant and the shares of Common Stock subject to the LTI Grant are not intended to replace any pension rights or
compensation;
(f) the LTI Grant and the shares of Common Stock subject to the LTI Grant and the income and the value of the same are not part of
normal or expected compensation or salary for purposes of calculating any severance, resignation, termination, redundancy, dismissal, end-of-
service payments, bonuses, long-service awards, pension, retirement or welfare benefits or similar payments;
(g) the future value of the underlying shares of Common Stock is unknown, indeterminable and cannot be predicted with certainty;
(h) no claim or entitlement to compensation or damages shall arise from forfeiture of the LTI Grant resulting from the failure to reach
Performance Goals or termination of the Participant’
s employment or other service relationship by the Company or the Employer (for any reason
whatsoever, whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the Participant is employed or the
terms of his or her employment agreement, if any), and in consideration of the LTI Grant to which the Participant is otherwise not entitled, the
Participant irrevocably agrees never to institute any claim against the Mondelēz Group, waives his or her ability, if any, to bring any such claim,
and releases the Mondelēz Group from any such claims. If, notwithstanding the foregoing, any such claim is allowed by a court of competent
jurisdiction, then, by participating in the Plan, the Participant shall be deemed irrevocably to have agreed not to pursue such claim and agrees to
execute any and all documents necessary to request dismissal or withdrawal of such claim; and
(i) the following provisions apply only if the Participant is providing services outside the United States:
(A) the LTI Grant and the shares of Common Stock subject to the LTI Grant are not part of normal or expected compensation or
salary for any purpose; and
(B) neither the Company, the Employer nor any other member of the Mondelēz Group shall be liable for any foreign exchange rate
fluctuation between the Participant’s local currency and the
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