Document:

EX-10.1

 Exhibit 10.1 
 RETIREMENT PAY AGREEMENT AND GENERAL RELEASE 
 This Retirement Pay
Agreement and General Release (hereinafter referred to as the "Agreement") is made and entered into by and between Stephen G. Klumb, 259 Stone Ridge Blvd. South Lebanon, Ohio 45065, Social Security Number ending in 3700 (hereinafter referred to
as "Employee") and, The National Bank and Trust Company, 48 N. South Street, P.O. Box 711, Wilmington, Ohio, 45177 (hereinafter referred to as “NB&T”). 
 WHEREAS, Employee is an employee and officer of NB&T; 
 WHEREAS, Employee
shall be employed pursuant to this Agreement for a term of specific and limited duration as set forth herein through and including September 28, 2012; and 
 WHEREAS, Employee and NB&T have agreed that Employee's employment with the Bank and his position as officer shall terminate at the close of business no later than September 28, 2012; and

 WHEREAS, NB&T wishes to pay separation pay to Employee, provided that certain conditions set forth in this Agreement are
satisfied; and 
 WHEREAS, Employee wishes to completely and finally settle all claims or disputes that may exist against
NB&T; 
 NOW THEREFORE, in consideration for all of the above and of the mutual promises contained herein, NB&T and
Employee agree that: 
 1. Beginning on the date this Agreement becomes effective and continuing through and including
September 28, 2012, Employee's employment status and relationship with NB&T are set forth below: 
  

	 	a.	NB&T agrees that from the date on which this Agreement becomes effective through September 28, 2012, Employee shall be employed on a full-time schedule and
shall be compensated at his current full-time rate of pay. Employee shall be assigned to such work as NB&T may determine from time-to-time. Employee's employment shall be governed by NB&T’s personnel policies and practices, as amended
from time to time. 

  

	 	b.	Through September 28, 2012, Employee shall be eligible to continue to participate in fringe benefit plans of the Bank on the same basis as other full-time
employees. 

 2. As a material inducement to NB&T to enter into this Agreement, Employee agrees that he is
retiring from his employment with NB&T and that his employment shall terminate, effective September 28, 2012. As of the close of business on September 28, 2012, Employee renounces and forever waives any and all reinstatement and/or
employment, and he will not apply for, be employed by, or otherwise seek employment at any time, with NB&T. Employee shall, and hereby does, resign from any and all officer positions he holds with NB&T effective as of September 28,
2012. 
 3. If Employee signs a final and binding general release in favor of NB&T and in the form and with the content
prescribed in Exhibit A to this Agreement (the "Release") on or after September 28, 2012 and that Release becomes effective pursuant to its terms, 
  

	 	a.	NB&T shall begin making twenty-six (26) bi-weekly payments to Employee of separation pay at the rate of Six Thousand Three Hundred Sixty-Five Dollars and
38/100 ($6,365.38), less applicable local, state, and federal income and employment tax withholding. Payments shall be made on regular NB&T paydays. Separation pay shall be for the period beginning on September 28, 2012 and ending on
September 30, 2013. If the Release is not effective until after the regular NB&T payday on which any such payment would otherwise have been made, a payment covering any such interim payday shall be made within a reasonable time after the
Release becomes effective. NB&T will provide to Employee a standard IRS Form W-2, or its equivalent, as provided by law. 

  

	 	b.	If Employee elects to continue medical insurance coverage with NB&T as a retiree, NB&T shall pay toward the cost of this coverage the amount it would have paid
had Employee been on NB&T's active payroll for the period of September 28, 2012 through September 30, 2013, less applicable local, state, and federal income and employment tax withholding. Employee’s eligibility for continuation
of medical insurance coverage as a retiree of NB&T is governed by the applicable plan documents. 

  

	 	c.	The agreement by NB&T to provide separation pay pursuant to paragraph 3a, and to provide retiree medical coverage under NB&T’s medical plan for retirees
and to pay a portion of his medical expense insurance premiums after September 28, 2012 pursuant to paragraph 3b constitute consideration that is more than that to which Employee would otherwise be entitled. 

  
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 4. Employee is employed “at-will.” Nothing in this Agreement modifies
Employee’s at-will status. 
 5. Employee does hereby fully release, discharge, compromise and settle any and all claims,
demands, rights of action or obligations (including all attorney's fees and costs actually incurred), matured or un-matured, of whatever nature and whether or not presently known, that exist as of the execution date of this Agreement, as against
NB&T and any and all related and affiliated entities and corporations, including any and all parent, brother-sister, and subsidiary corporations and the parent, brother-sister, and subsidiary corporations of any of them, unincorporated
employers, partnerships, alliances, joint ventures, and companies, and each and every employee, agent, consultant, volunteer, insurer, officer, director, owner, trustee, and member of the Board of any of them (hereinafter the “Released
Parties”), including but not limited to all claims under Title VII of the Civil Rights Act of 1964, the Fair Labor Standards Act, all claims under the Equal Pay Act, the Worker Adjustment and Retraining Notice Act, the Americans with
Disabilities Act, all claims under the Family and Medical Leave Act, the Occupational Safety and Health Act, the Age Discrimination in Employment Act of 1967, the Employee Retirement Income Security Act, the Consolidated Omnibus Budget
Reconciliation Act, Ohio Revised Code Sections 4112.01 through 4112.99, and any other provision of Ohio Law, and all claims under the Older Workers Benefit Protection Act, all as amended; all statutory or common law claims under state or federal
law, whether in contract, in tort, or in equity; and any other claim arising out of Employee's employment with NB&T and Employee’s separation therefrom. Employee further agrees that he waives the right to receive any recovery, financial or
otherwise, arising from any administrative charge or other proceeding related to Employee’s employment with NB&T and his separation therefrom. 
 6. Employee agrees and acknowledges that he has received all compensation, including minimum wage and any overtime pay, to which he was entitled under the Fair Labor Standards Act and/or Ohio law for work
performed through Employee’s last day of employment. Employee further agrees and acknowledges that he has been accorded all time off from work and any other rights to which he has been entitled pursuant to the Family and Medical Leave Act or
any state statute providing medical or other leaves of absence to employees. 
 7. Employee agrees that he will not disparage
the Released Parties or their employment practices. NB&T agrees that its executive officers and directors will not disparage Employee. 
 8. Exclusively as this Agreement pertains to Employee's release of claims under the Age Discrimination in Employment Act, Employee, pursuant to and in compliance with rights afforded him under the Older
Workers Benefit Protection Act: 
  

	 	a.	Is advised that he does not waive rights or claims that arise after the date on which this Agreement is signed by him and NB&T; 

 

	 	b.	Is advised to consult with an attorney prior to executing this Agreement; 

  

	 	c.	Is given a period 21 days from the receipt of this Agreement within which to consider it; and 

 

	 	d.	Is given a period of seven days following the signing of this Agreement in which to revoke it. 

A revocation of this Agreement shall be effective only on the delivery of a written revocation to NB&T within the seven-day time
period set forth above. This Agreement shall not become effective or enforceable until this seven-day revocation period has expired. 
 Employee's knowing and voluntary execution of this Agreement is an express acknowledgment and agreement that Employee has had the opportunity to review this Agreement with his attorney; that Employee has
received consideration under this Agreement in addition to anything of value to which he was otherwise already entitled; that Employee was afforded a 21-day period of time to consider it before executing it; that he was given a seven-day period of
time in which to revoke this Agreement after it was signed; and that this Agreement is written in a manner that enables him to fully understand its content and meaning. 
 9. It is acknowledged and agreed that the payment of separation pay provided herein is not to be construed as an admission of any obligation or liability on the part of the Released Parties. The Released
Parties deny any liability in this matter. 
 10. Non-Solicitation. At all times through March 31, 2014, Employee
will not, directly or indirectly, (a) solicit any "Customer" of NB&T for any purpose, and/or (b) solicit for employment or hire any person who was an employee of NB&T at any time during the preceding twelve (12) months as an
employee, consultant, independent contractor, or representative. "Customer" means each and every person who, or entity which at any time during the period January 1, 2011 through September 28, 2012, was a customer of NB&T or had been
in contact with NB&T for a business purpose with whom Employee had contact 

  
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 11. To the extent permitted by law, Employee agrees to indemnify and hold the Released
Parties harmless from and against any and all loss, cost, damage, or expense, including without limitation, attorneys' fees that arises out of any breach by Employee of this Agreement. 

12. Trade Secrets and Confidential Information. Employee agrees that at all times he will keep and maintain all of the affairs of
NB&T ("Trade Secrets and Confidential Information") confidential, and will not, except (a) as necessary for the performance of his responsibilities hereunder or (b) as required by judicial process and after ten (10) days prior
notice to NB&T unless required earlier by court order or a legal requirement, disclose to any person any of the Trade Secrets and Confidential Information. Employee is not bound by the restrictions in this paragraph with respect to any
information that becomes public or is disclosed without the breach of an obligation of confidentiality. Trade Secrets and Confidential Information, as defined above, includes, but is not limited to, products, administrative procedures and processes,
methods, research, trade secrets and other intellectual property, systems, manuals, confidential reports, pricing information, financial information (including the revenues, costs and profits associated with any activities or business of NB&T),
information regarding current and prospective clients, borrowers, brokers, correspondents, business plans and practices, future products and programs, funding sources, investors, and customer lists of NB&T of which Employee was familiar.
Employee shall use best efforts to protect all of the Trade Secrets and Confidential Information of NB&T. 
 13.
Representations. The parties hereto agree with respect to paragraphs 10 and 12, above, that: (a) the covenants and agreements of Employee contained in this Agreement are reasonably necessary to protect the interests of NB&T in light
of the nature of its business and the involvement of Employee in such business; (b) the restrictions imposed by this Agreement are reasonable and necessary to protect the legitimate business interests of NB&T and that they are not greater
than are necessary for the protection of NB&T in light of the substantial harm that NB&T will suffer should Employee breach any of the provisions of said covenants or agreements; (c) the covenants and agreements of Employee contained in
this Agreement form material consideration for this Agreement; (d) the periods and any geographical areas of restriction contained in this Agreement are fair and reasonable in that they are reasonably required for the protection of NB&T;
and (e) the nature, kind and character of the activities in which Employee is prohibited from engaging are reasonable and necessary to protect NB&T. 
 14. Injunctive Relief. The parties to this Agreement acknowledge that a breach by Employee of any of the terms or conditions of this Agreement will result in irreparable harm to NB&T and that
the remedies at law for such breach may not adequately compensate NB&T for damages suffered. Accordingly, Employee agrees that in the event of such breach, NB&T shall be entitled to seek injunctive relief or such other equitable remedy as a
court of competent jurisdiction may provide. In the event NB&T obtains a temporary restraining order or preliminary injunction in connection with such breach, NB&T shall discontinue payment of separation pay pursuant to paragraph 3a and the
Bank's contribution toward the cost of medical expense insurance pursuant to paragraph 3b. If all or a portion of any of the restrictions and agreements of Employee contained in this Agreement, including but not limited to Paragraphs 10 and 12, is
held to be unreasonable or unenforceable by a court of competent jurisdiction in a final order, Employee expressly agrees to be bound by any lesser agreement or restriction subsumed within the terms of the invalidated provision to the maximum extent
permitted by law as if the resulting covenant were originally and separately stated in this Agreement. Employee further agrees that should a court issue any such injunctive relief, NB&T shall not be required to post any surety bond or other
security for the injunctive relief to take effect. Nothing contained herein will be construed to limit the rights of NB&T to any remedies at law, including the recovery of damages for breach of this Agreement. 

15. On September 28, 2012, Employee agrees to immediately return to NB&T all documents and other materials or property obtained
from or belonging to NB&T, including but not limited to bank keys. 
 16. This Agreement shall be binding upon Employee, his
heirs, administrators, representatives, executors, successors, and assigns; provided, however, that the restrictions contained in paragraph 10 shall not extend to Employee’s heirs, administrators, representatives, executors, successors, and
assigns. Upon Employee’s death, any remaining separation pay owed to Employee pursuant to paragraph 3(a) shall be paid in a lump sum, less applicable local, state, and federal tax withholding, to Employee’s estate. To the extent permitted
by law, Employee agrees to indemnify and hold the Released Parties harmless from and against any and all loss, cost, damage, or expense, including without limitation, attorneys' fees that arises out of NB&T’s payment of remaining separation
pay to Employee’s estate. 
 17. Employee agrees that he has read this Agreement in its entirety and that Employee’s
agreement to all of its provisions is made freely, voluntarily, and with full knowledge and understanding of its contents. Employee further acknowledges and agrees that he has full authority to enter into this Agreement. 

  
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 18. Employee agrees that this Agreement sets forth the entire agreement between the parties
hereto and fully supersedes any and all prior agreements or understandings, whether oral or written, between the parties hereto with respect to the subject matter hereof, provided, however, that any confidentiality agreement between the parties that
is in effect as of the date of this Agreement shall remain in full force and effect pursuant to its terms. Employee further agrees that this Agreement shall be interpreted and enforced under the laws of the State of Ohio. If for any reason any
portion of any provision of this Agreement is deemed invalid or unenforceable, all remaining parts shall remain binding and in full force and effect. 
  

							
	August 23, 2012	 		 	 /s/ Stephen G. Klumb

	Date	 		 	Stephen G. Klumb

  

							
		 		 	The National Bank and Trust Company
				
	August 23, 2012	 		 	By:	 	 /s/ John J. Limbert

	Date	 		 	Its:	 	President & CEO

  
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 EXHIBIT A 
 FINAL AND BINDING GENERAL RELEASE 
 This General Release
(hereinafter referred to as the "Release") is executed by Stephen G. Klumb, 259 Stone Ridge Blvd. South Lebanon, Ohio 45065, Social Security Number ending in 3700 (hereinafter referred to as "Employee") pursuant to, and in consideration for the
separation pay set forth in, paragraph 3 of the Retirement Pay Agreement and General Release (hereinafter referred to as the “Agreement”) entered into between Employee and The National Bank and Trust Company, 48 N. South Street, P.O. Box
711, Wilmington, Ohio, 45177 and all related and affiliated entities and corporations, including parent and subsidiary corporations, unincorporated employers, partnerships, alliances, joint ventures, and companies, and each and every employee,
agent, consultant, volunteer, insurer, officer, director, owner, trustee, and member of the Board of any of them (hereinafter referred to collectively as the “NB&T”), and dated August 23, 2012, which remains in full force and
effect: 
 1. Employee does hereby fully release, discharge, compromise and settle any and all claims, demands, rights of action
or obligations (including all attorney's fees and costs actually incurred), matured or unmatured, of whatever nature and whether or not presently known that exist as of the execution date of this Release, as against NB&T and any and all related
and affiliated entities and corporations, including any and all parent, brother-sister, and subsidiary corporations and the parent, brother-sister, and subsidiary corporations of any of them, unincorporated employers, partnerships, alliances, joint
ventures, and companies, and each and every employee, agent, consultant, volunteer, insurer, officer, director, owner, trustee, and member of the Board of any of them (hereinafter the “Released Parties”), including but not limited to all
claims under Title VII of the Civil Rights Act of 1964, all claims under the Fair Labor Standards Act, all claims under the Occupational Safety and Health Act, all claims under the Worker Adjustment Notice and Retraining Act, all claims under the
Equal Pay Act, all claims under Ohio Revised Code Sections 4112.01 through 4112.99, all claims under the Americans with Disabilities Act, all claims under the Family and Medical Leave Act, and all claims arising under the Age Discrimination in
Employment Act of 1967, all as amended; all statutory or common law claims under state or federal law, whether in contract, in tort, or in equity; and any other claim arising out of Employee's employment with NB&T and his separation therefrom.

 2. Employee acknowledges and agrees that he has been paid all compensation to which he is entitled under the Fair Labor
Standards Act and that he has been given all leaves of absence and other rights accorded to him by the Family and Medical Leave Act. 
 3. Exclusively as this Release pertains to Employee's release of claims under the Age Discrimination in Employment Act, Employee, pursuant to and in compliance with rights afforded him under the Older
Workers Benefit Protection Act: 
  

	 	a.	Is advised that he does not waive rights or claims that arise after the date on which this Release is signed by him and NB&T (other than any claims concerning the
date of his separation from employment); 

  

	 	b.	Is advised to consult with an attorney prior to executing this Release; 

  

	 	c.	Is given a period 21 days from the receipt of this Release within which to consider this Release; and 

 

	 	d.	Is given a period of seven days following the signing this Release in which to revoke it. A revocation of this Release shall be effective only on the delivery of a
written revocation to NB&T within the seven-day time period set forth above. This Release shall not become effective or enforceable until this seven-day revocation period has expired. 

Employee's execution of this Release is an express acknowledgment and agreement that he has had the opportunity to review this Release with his attorney;
that he has received consideration under this Release in addition to anything of value to which he was otherwise already entitled; that he was given a 21-day period of time to consider it before executing it; that he was given a seven-day period in
which to revoke this Release after it was signed; that he agrees this Release is written in a manner that enables him to fully understand its content and meaning; and that his signing of this Release is a knowing and voluntary act by him. The
agreement by NB&T provide separation pay to Employee and its agreement to continue contributions toward the premium for his medical expense insurance after the separation of his employment constitute consideration that is more than that to which
Employee would otherwise have been entitled from NB&T. 
 4. This Release shall be binding upon Employee, his heirs,
administrators, representatives, executors, successors, and assigns. 
 5. Employee agrees that he has read this Release in its
entirety and that his agreement to all of its provisions is made freely, voluntarily, and with full knowledge and understanding of its contents. 

  
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 6. This Release shall be interpreted and enforced under the laws of the State of Ohio, and
shall be enforced as provided in the Agreement. 
 IN WITNESS WHEREOF, I have set my hand this 23rd day of August, 2012.

  
  

					
	 WITNESSES:
	 		 	
	  
	 		 	 /s/ Stephen G. Klumb

		 		 	Stephen G. Klumb
	  
	 		 	

  

							
	
STATE OF                      
           
	 	)	  		  	
		 	)	  	SS:	  	
	 COUNTY OF
                                
	 	)	  		  	

 Subscribed to and sworn before me this 23rd day of August, 2012. 

 

	
	  

	Notary Public
	
	My Commission Expires:

  
 47Change in Control Plan for Key Executives

 Exhibit 10.1 
 MONDELĒZ INTERNATIONAL, INC. 
 CHANGE IN CONTROL PLAN FOR KEY EXECUTIVES 

ADOPTED: APRIL 24, 2007 
 AMENDED: OCTOBER 2, 2012 

 MONDELĒZ INTERNATIONAL, INC.

 CHANGE IN CONTROL PLAN FOR KEY
EXECUTIVES 
 1. Definitions 
 For purposes of the Change in Control Plan for Key Executives, the following terms are defined as set forth below (unless the context clearly indicates otherwise): 

 

			
	Affiliate	  	Any entity controlled by, controlling or under common control with the Company.
		
	Annual Base Salary	  	Twelve times the higher of (i) the highest monthly base salary paid or payable to the Participant by the Company and its Affiliates in respect of the twelve-month period immediately
preceding the month in which the Change in Control occurs, or (ii) the highest monthly base salary in effect at any time thereafter, in each case including any base salary that has been earned and deferred.
		
	Board	  	The Board of Directors of the Company.
		
	Annual Incentive Award Target	  	The annual incentive award that the Participant would receive in a fiscal year under the Management Incentive Plan or any comparable annual incentive plan if the target goals are
achieved.
		
	Cause	  	As defined in Section 3.2(b)(i) of this Plan.
		
	Change in Control	  	 “Change in Control” means the occurrence of any of the following events: (A) Acquisition of 20% or more of the
outstanding voting securities of the Company by another entity or group; excluding, however, the following:
  
 (1) any acquisition by the Company or any of its Affiliates;
  
 (2) any acquisition by an employee benefit plan or related trust sponsored or maintained by the Company or any of its Affiliates; or

 
 (3) any acquisition pursuant to a merger or consolidation described in clause (C) of
this definition.
  
 (B) During any consecutive 24 month period, persons
who constitute the Board at the beginning of such period cease to constitute at least 50% of the Board; provided that each new Board member who is approved by a majority of the directors who began such 24 month period shall be deemed to have been a
member of the Board at the beginning of such 24 month period;
  
 (C) The
consummation of a merger or consolidation of the Company with another company, and the Company is not the surviving company; or, if after such transaction, the other entity owns, directly or indirectly, 50% or more of the outstanding voting
securities of the Company; excluding, however, a transaction pursuant to which all or substantially all of the individuals or entities who are the beneficial owners of the outstanding

  
 2 

			
		  	 voting securities of the Company immediately prior to such transaction will beneficially own, directly or indirectly, more than 50% of
the combined voting power of the outstanding securities entitled to vote generally in the election of directors (or similar persons) of the entity resulting from such transaction (including, without limitation, an entity which as a result of such
transaction owns the Company either directly or indirectly) in substantially the same proportions relative to each other as their ownership, immediately prior to such transaction, of the outstanding voting securities of the Company; or

 
 (D) The consummation of a plan of complete liquidation of the Company or the
sale or disposition of all or substantially all of the Company’s assets, other than a sale or disposition pursuant to which all or substantially all of the individuals or entities who are the beneficial owners of the outstanding voting
securities of the Company immediately prior to such transaction will beneficially own, directly or indirectly, more than 50% of the combined voting power of the outstanding securities entitled to vote generally in the election of directors (or
similar persons) of the entity purchasing or acquiring the Company’s assets in substantially the same proportions relative to each other as their ownership, immediately prior to such transaction, of the outstanding voting securities of the
Company.
  
 For the avoidance of doubt, the Company’s spin-off of its
North American grocery business shall not be considered a Change in Control.

		
	Code	  	The Internal Revenue Code of 1986, as amended from time to time.
		
	Committee	  	The Board’s Human Resources and Compensation Committee or a subcommittee thereof, any successor thereto or such other committee or subcommittee as may be designated by the
Board to administer the Plan.
		
	Company	  	Mondelēz International, Inc. (formerly, Kraft Foods Inc.), a corporation organized under the laws of the Commonwealth of Virginia, or any successor
thereto.
		
	Date of Termination	  	 If the Participant’s employment is terminated by:
  

(i) The Employer for Cause or by the Participant for Good Reason, the Date of Termination shall be the date on which the Participant or the Employer, as
the case may be, receives the Notice of Termination (as described in Section 3.2(c)) or any later date specified therein, as the case may be.
  

(ii) The Employer other than for Cause, death or Disability, the Date of Termination shall be the date on which the Employer notifies the Participant of
such termination.
  
 (iii) Reason of death or Disability, the Date of
Termination shall be the date of death of the Participant or the Disability Effective Date, as the case may be.
  
 Notwithstanding the above, in the event that the Date of Termination as determined above is not the last date on which the Participant is employed by the Employer, the Participant’s Date of
Termination shall be the last date on which the Participant is employed by the Employer.

  
 3 

			
	Disability	  	As defined in Section 3.2(b) (ii).
		
	Disability Effective Date	  	As defined in Section 3.2(b) (ii).
		
	Effective Date	  	April 24, 2007. The Plan is being amended effective October 2, 2012.
		
	Employer	  	The Company or any of its Affiliates.
		
	Excise Tax	  	The excise tax imposed by Section 4999 of the Code, together with any interest or penalties imposed with respect to such excise tax.
		
	Good Reason	  	As defined in Section 3.2(a).
		
	Key Executive	  	 An employee who is employed on a regular basis by the Employer
 and (i) is serving as the Company’s Chairman and/or Chief Executive Officer, (ii) is serving in a position that reports directly to the Company’s Chairman and/or Chief Executive
Officer, (iii) is serving as a Regional President of the Company or (ii) is otherwise designated by the Committee as eligible to participate in this Plan.

		
	Long-Term Incentive Plan
Award Target	  	The long-term award that the Participant would receive during a performance cycle under the Long-Term Incentive Plan or any comparable incentive plan if the target goals specified
under the Long-Term Incentive Plan or such comparable incentive plan are achieved.
		
	Net After-Tax Benefit	  	The present value (as determined in accordance with Sections 280G(b)(2)(A)(ii) and 280G(d)(4) of the Code) of a Participant’s Payments less any Federal, state, and local income
taxes and any Excise Tax payable on such amount.
		
	Non-Competition Agreement	  	The agreement of a Participant, not to, without the Company’s prior written consent, engage in any activity or provide any services, whether as a director, manager, supervisor,
employee, adviser, consultant or otherwise, for a period of up to one (1) year following the Participant’s Date of Termination, with a company that is substantially competitive with a business conducted by the Company and its
Affiliates.
		
	Non-Solicitation Agreement	  	The agreement of a Participant that he or she will not solicit, directly or indirectly, any employee of the Company or an Affiliate, or a surviving entity following a Change in
Control, to leave the Company or an Affiliate and to work for any other entity, whether as an employee, independent contractor or in any other capacity, for a period of up to one (1) year following the Participant’s Date of
Termination.
		
	Non-U.S. Executive	  	A Key Executive whose designated home country, for purposes of the Employer’s personnel and benefits programs and policies, is other than the United States.

  
 4 

			
	Participant	  	A Key Executive who meets the eligibility requirements of Section 2.1; provided, however, that any Non-U.S. Executive who, under the laws of his or her designated home country or
the legally enforceable programs or policies of the Employer in such designated home country, is entitled to receive, in the event of termination of employment (whether or not by reason of a Change in Control), separation benefits at least equal in
aggregate amount to the Separation Pay prescribed under Section 3.3(b), of this Plan shall not be considered a Participant for the purposes of this Plan.
		
	Payment	  	Any payment or distribution in the nature of compensation (within the meaning of Section 280G (b) (2) of the Code) to or for the benefit of the Participant, whether paid or payable
pursuant to this Plan or otherwise.
		
	Plan	  	The Mondelēz International, Inc. Change in Control Plan for Key Executives, as set forth herein.
		
	Plan Administrator	  	The third-party accounting, actuarial, consulting or similar firm retained by the Company prior to a Change in Control to administer this Plan following a Change in
Control.
		
	Separation Benefits	  	The amounts and benefits payable or required to be provided in accordance with Section 3.3 of this Plan.
		
	Separation Pay	  	The amount or amounts payable in accordance with Section 3.3(b) of this Plan.
		
	U.S. Executive	  	A Participant whose designated home country, for purposes of the Employer’s personnel and benefits programs and policies, is the United States.

 2. Eligibility 
 2.1. Participation. Except as set forth in the definition of Participant above, each employee who is a Key Executive on the Effective Date shall be a Participant in the Plan effective as of the
Effective Date and each other employee shall become a Participant in the Plan effective as of the date of the employee’s promotion or hire as a Key Executive. 
 2.2. Duration of Participation. A Participant shall cease to be a Participant in the Plan if (i) the Participant terminates employment with the Employer under circumstances not entitling him
or her to Separation Benefits or (ii) the Participant otherwise ceases to be a Key Executive, provided that no Key Executive may be so removed from Plan participation in connection with or in anticipation of a Change in Control that actually
occurs. However, a Participant who is entitled, as a result of ceasing to be a Key Executive of the Employer, to receive benefits under the Plan shall remain a Participant in the Plan until the amounts and benefits payable under the Plan have been
paid or provided to the Participant in full. 

  
 5 

 3. Separation Benefits 
 3.1. Right to Separation Benefits. A Participant shall be entitled to receive from the Employer the Separation Benefits as provided in Section 3.3, if a Change in Control has occurred and the
Participant’s employment by the Employer is terminated under circumstances specified in Section 3.2(a), whether the termination is voluntary or involuntary, and if (i) such termination occurs after such Change in Control and on or
before the second anniversary thereof, or (ii) such termination is reasonably demonstrated by the Participant to have been initiated by a third party that has taken steps reasonably calculated to effect a Change in Control or otherwise to have
arisen in connection with or in anticipation of such Change in Control and such Change in Control occurs within 90 days of the termination. Termination of employment shall have the same meaning as “separation from service” within the
meaning of Treasury Regulation § 1.409A-1(h). 
 3.2. Termination of Employment. 

 

	(a)	Terminations which give rise to Separation Benefits under this Plan. The circumstances specified in this Section 3.2(a) are any termination of
employment with the Employer by action of the Company or any of its Affiliates or by a Participant for Good Reason, other than as set forth in Section 3.2(b) below. For purposes of this Plan, “Good Reason” shall mean:

  

	 	(i)	the assignment to the Participant of any duties substantially inconsistent with the Participant’s position, authority, duties or responsibilities in effect
immediately prior to the Change in Control, or any other action by the Company or the Employer that results in a marked diminution in the Participant’s position, authority, duties or responsibilities, excluding for this purpose:

  

	 	a.	changes in the Participant’s position, authority, duties or responsibilities which are consistent with the Participant’s education, experience, etc.;

  

	 	b.	an isolated, insubstantial and inadvertent action not taken in bad faith and that is remedied by the Company and/or the Employer promptly after receipt of notice
thereof given by the Participant; 

  

	 	(ii)	any material reduction in the Participant’s base salary, annual incentive or long-term incentive opportunity as in effect immediately prior to the Change in
Control; 

  

	 	(iii)	the Employer requiring the Participant to be based at any office or location other than any other location which does not extend the Participant’s home to work
commute as of the time of the Change in Control by more than 50 miles; 

  

	 	(iv)	the Employer requiring the Participant to travel on business to a substantially greater extent than required immediately prior to the Change in Control; or

  

	 	(v)	any failure by the Company to require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the
business and/or assets of the Company to assume expressly and agree to perform this Plan in the same manner and to the same extent that the Company or the Employer would be required to perform it if no such succession had taken place, as required by
Article 5. 

  
 6 

 The Participant must notify the Company of any event purporting to constitute Good Reason within 45 days
following the Participant’s knowledge of its existence, and the Company or the Employer shall have 20 days in which to correct or remove such Good Reason, or such event shall not constitute Good Reason. 

 

	(b)	Terminations which DO NOT give rise to Separation Benefits under this Plan. Notwithstanding Section 3.2(a), if a Participant’s employment is
terminated for Cause or Disability (as those terms are defined below) or as a result of the Participant’s death, or the Participant terminates his or her own employment other than for Good Reason, the Participant shall not be entitled to
Separation Benefits under the Plan, regardless of the occurrence of a Change in Control. 

  

	 	(i)	A termination for “Cause” shall have occurred where a Participant is terminated because of: 

 

	 	a.	Continued failure to substantially perform the Participant’s job’s duties (other than resulting from incapacity due to disability); 

 

	 	b.	Gross negligence, dishonesty, or violation of any reasonable rule or regulation of the Company or the Employer where the violation results in significant damage to the
Company or the Employer; or 

  

	 	c.	Engaging in other conduct which adversely reflects on the Company or the Employer in any material respect. 

 

	 	(ii)	A termination upon Disability shall have occurred where a Participant is absent from the Participant’s duties with the Employer on a full-time basis for 180
consecutive days as a result of incapacity due to mental or physical illness which is determined to be total and permanent by a physician selected by the Company or its insurers and acceptable to the Participant or the Participant’s legal
representative. In such event, the Participant’s employment with the Employer shall terminate effective on the 30th day after receipt of such notice by the Participant (the “Disability Effective Date”), provided that, within the 30
days after such receipt, the Participant shall not have returned to full-time performance of the Participant’s duties. 

  

	(c)	 Notice of termination. Any termination of employment initiated by the Employer for Cause, or by the Participant for Good Reason, shall be
communicated by a Notice of Termination to the other party. For purposes of this Plan, a “Notice of Termination” means a written notice which (i) indicates the specific termination provision in this Plan relied upon, (ii) to the
extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Participant’s employment under the provision so indicated, and (iii) specifies the date upon which the
Participant’s termination of employment is expected to occur (which date shall be not more than 30 days after the giving of such notice), provided, however, that such specified date shall not be considered the Date of Termination for any
purpose of this Plan if such date differs from the Participant’s actual Date of Termination. The failure by the Participant or the 

  
 7 

	 	
Employer to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the Participant or the Employer,
respectively, hereunder or preclude the Participant or the Employer, respectively, from asserting such fact or circumstance in enforcing the Participant’s or the Employer’s rights hereunder. 

3.3. Separation Benefits. If a Participant’s employment is terminated under the circumstances set forth in Section 3.2(a) entitling the
Participant to Separation Benefits, and if the Participant signs a Non-Competition Agreement and a Non-Solicitation Agreement, the Company shall pay or provide, as the case may be, to the Participant the amounts and benefits set forth in items
(a) through (e) below (the “Separation Benefits”): 
  

	(a)	The Employer shall pay to the Participant, in a lump sum in cash within 30 days after the Date of Termination (or, if later, 30 days after the date of the Change in
Control), or on such later date as required under Section 3.3(g), the sum of (A) the Participant’s Annual Base Salary through the Date of Termination to the extent not theretofore paid, (B) the product of (x) the
Participant’s Annual Incentive Award Target and (y) a fraction, the numerator of which is the number of days in the current fiscal year through the Date of Termination and the denominator of which is 365, (C) the product of
(x) the Participant’s Long-Term Incentive Award Target and (y) a fraction, the numerator of which is the number of days completed in the applicable performance cycle through the Date of Termination and the denominator of which is the
total number of days in the performance cycle, and (D) any accrued vacation pay, in each case to the extent not theretofore paid. The sum of the amounts described in sub clauses (A), (B), (C) and (D), shall be referred to as the
“Accrued Obligations”, and, in the case of the amounts described in sub clauses (B) and (C), shall be reduced by any amount paid or payable under the Kraft Foods Inc. Amended and Restated 2005 Performance Incentive Plan on account of
the same fiscal year or performance cycle, as applicable. 

  

	(b)	The Employer also shall pay to the Participant, in a lump sum in cash within 30 days after the Date of Termination (or, if later, 30 days after the date of the Change
in Control), or on such later date as required under Section 3.3(g), an amount (“Separation Pay”) equal to the product of (A) two (or in the case of a Participant who served as Chairman and/or Chief Executive Officer immediately
prior to the Change in Control, three) and (B) the sum of (x) the Participant’s Annual Base Salary and (y) the Participant’s Annual Incentive Award Target, reduced (but not below zero) in the case of any Participant who is a
Non-U.S. Executive by the U.S. dollar equivalent (determined as of the Participant’s Date of Termination) of any payments made to the Participant under the laws of his or her designated home country or any program or policy of the Employer in
such country on account of the Participant’s termination of employment. 

  

	(c)	 Solely with respect to U.S. Participants, for two years after the Participant’s Date of Termination (or, if later, the date of the Change in
Control), (or in the case of a Participant who served as Chairman and/or Chief Executive Officer immediately prior to the Change in Control, three years), or such longer period as may be provided by the terms of the appropriate plan, program,
practice or policy, the 

  
 8 

	 	
Employer shall continue welfare benefits to the Participant and/or the Participant’s family at least equal to those which would have been provided to them in accordance with the plans,
programs, practices and policies (including, without limitation, medical, prescription, dental, disability, employee/spouse/child life insurance, executive life, estate preservation (second-to-die life insurance) and travel accident insurance plans
and programs), as if the Participant’s employment had not been terminated, or, if more favorable to the Participant, as in effect generally at any time thereafter with respect to other peer executives of the Company and its Affiliates and their
families; provided, however, that if the Participant becomes reemployed with another employer and is eligible to receive medical or other welfare benefits under another employer-provided plan, the medical and other welfare benefits described herein
shall be secondary to those provided under such other plan during such applicable period of eligibility. The period of continuation of any group medical plan coverage under Section 4980B of the Code (the “COBRA Period”) shall run
concurrently during the period for which medical coverage is provided to the Participant pursuant to this Section 3.3(c). The provision of medical coverage made during the COBRA Period is intended to qualify for the exception to deferred
compensation as a medical benefit provided in accordance with the provisions of Section 409A of the Code and Treasury Regulation §1.409A-1(b)(9)(v)(B). Any reimbursements required to be made to a Participant under any arrangement pursuant
to this Section 3.3(c) that is not described in the preceding sentence or is not excepted from Section 409A of the Code under Treasury Regulation § 1.409A-1(a)(5) shall be made to the Participant no later than the end of the
Participant’s second taxable year following the expense being reimbursed was incurred. The maximum amount of any such welfare benefits provided to a Participant under this provision in any calendar year shall not be increased or decreased to
reflect the amount of such welfare benefits provided to such Participant under this provision in a prior or subsequent calendar year. For purposes of determining the Participant’s eligibility for retiree benefits pursuant to such welfare plans,
practices, programs and policies, the Participant shall be considered to have remained employed until two years (or in the case of a Participant who served as Chairman and/or Chief Executive Officer immediately prior to the Change in Control, three
years) after the Date of Termination; provided, however, that the Participant’s commencement of such retiree benefits shall not be any sooner than the date on which the Participant attains 55 years of age and provided, further, that the
Participant’s costs under any such retiree benefits plans, practices, programs or policies shall be based upon actual service with the Company and its Affiliates. 

 

	(d)	The Employer shall, at its sole expense, provide the Participant with outplacement services through the provider of the Company’s choice, the scope of which shall
be chosen by the Participant in his or her sole discretion within the terms and conditions of the Company’s outplacement services policy as in effect immediately prior to the Change in Control, but in no event shall such outplacement services
continue for more than two years after the calendar year in which the Participant terminates employment. 

  
 9 

	(e)	The Employer shall, for two years after the Participant’s Date of Termination (or in the case of a Participant who served as Chairman and/or Chief Executive
Officer immediately prior to the Change in Control, three years), or after the Change in Control, if later, or such longer period as may be provided by the terms of the appropriate perquisite, continue the perquisites at least equal to those which
would have been provided to them in accordance with the perquisites in effect immediately prior to the Change in Control; provided, however, that the maximum value of perquisites provided to a Participant under this provision in any calendar year
shall not be increased or decreased to reflect the value of perquisites provided to such Participant under this provision in a prior or subsequent calendar year. Any reimbursements to a Participant for costs associated with such continued
perquisites shall be made no later than the end of the Participant’s second taxable year following the date the Participant incurred such cost. This clause does not apply to personal use of the Company aircraft to the extent that this
perquisite is in effect for any Key Executive immediately prior to the Change in Control. 

  

	(f)	To the extent not theretofore paid or provided, the Employer shall pay or provide to the Participant, at the time otherwise payable, any other amounts or benefits
required to be paid or provided or that the Participant is eligible to receive under any plan, program, policy or practice or contract or agreement of the Company and its Affiliates. 

 

	(g)	Notwithstanding the foregoing, if the Participant is a “specified employee” within the meaning of Section 409A of the Code, then (i) any payments
described in Sections 3.3(a) and (b) which the Company determines constitute the payment of nonqualified deferred compensation, within the meaning of Section 409A of the Code, shall be delayed and become payable within five days after the
six-month anniversary of the Participant’s termination of employment and (ii) any benefits provided under Sections 3.3(c) and (e) which the Company determines constitute the payment of nonqualified deferred compensation, within the
meaning of Section 409A of the Code, shall be provided at the Participant’s sole cost during the six-month period after the date of the Participant’s termination of employment, and within five days after the expiration of such period
the Company shall reimburse the Participant for the portion of such costs payable by the Company pursuant to Sections 3.3(c) and (e) hereof. 

  

	(h)	For all purposes under the applicable Company non-qualified defined benefit pension plan, the Company shall credit the Participant with two (or in the case of a
Participant who served as Chairman and/or Chief Executive Officer immediately prior to the Change in Control, three) additional years of service and shall add two (or in the case of a Participant who served as Chairman and/or Chief Executive Officer
immediately prior to the Change in Control, three) years to the Participant’s age. 

  
 10 

 3.4. Certain Additional Payments by the Employer On or Before December 31, 2012.  

 

	(a)	Anything in this Plan to the contrary notwithstanding, with respect to any Participant who is a citizen or resident of the United States, in the event (1) a Change
in Control occurs on or before December 31, 2012 and (2) in connection with such Change in Control it shall be determined that any Payment would be subject to the Excise Tax, then: 

 

	 	(i)	To the extent that such Participant commenced participation in this Plan on or before December 31, 2009, the Participant shall be entitled to receive an additional
payment (a “Gross-Up Payment”) in an amount such that after payment by the Participant of all taxes (including any interest or penalties imposed with respect to such taxes), including, without limitation, any income taxes (and any interest
and penalties imposed with respect thereto) and Excise Tax imposed upon the Gross-Up Payment, the Participant retains an amount of the Gross-Up Payment equal to the Excise Tax imposed upon the Payments. Notwithstanding the foregoing provisions of
this Section 3.4(a), if it shall be determined that any Participant, other than a Participant who served as Chairman and/or Chief Executive Officer of the Company immediately prior to the Change in Control, is entitled to a Gross-Up Payment,
but that the Participant, after taking into account the Payments and the Gross-Up Payment, would not receive a Net After-Tax Benefit which is at least ten percent (10%) greater than the net after-tax proceeds to the Participant resulting from
an elimination of the Gross-Up Payment and a reduction of the Payments, in the aggregate, to an amount (the “Reduced Amount”) that is one dollar less than the smallest amount that would give rise to any Excise Tax, then no Gross-Up Payment
shall be made to the Participant, and the Payments to the Participant, in the aggregate, shall be reduced to the Reduced Amount in the manner described below. 

 

	 	(ii)	To the extent that such Participant commenced participation in this Plan on or after January 1, 2010, no Gross-Up Payment shall be made to the Participant, and the
Payments to the Participant, in the aggregate, shall be the greater of: 

  

	 	a.	The Net After-Tax Benefit, or 

  

	 	b.	The Reduced Amount. 

 Except as
provided in Section 3.4(b) below with regard to Payments made to a Participant who is subject to Section 3.4(a)(i), the Company and its Affiliates shall bear no responsibility for any Excise Tax payable on any Reduced Amount pursuant to a
subsequent claim by the Internal Revenue Service or otherwise. For purposes of determining the Reduced Amount under this Section 3.4(a), amounts otherwise payable to the Participant under the Plan shall be reduced, to the extent necessary, in
the following order: first, Separation Pay under Section 3.3(b), then Accrued Obligations payable under Section 3.3(a), other than Annual Base Salary through the Date of Termination, followed by outplacement services payable under
Section 3.3(d), welfare benefits payable under Section 3.3(c), and, finally, perquisites payable under Section 3.3(e). In the event that such reductions are not sufficient to reduce the aggregate Payments to the Participant to the
Reduced Amount, then Payments due the Participant under any other plan shall be reduced in the order determined by the Plan Administrator in its sole discretion. 

  
 11 

	(b)	Subject to the provisions of Section 3.4(c), all determinations required to be made under this Section 3.4, including whether and when a Gross-Up Payment is
required and the amount of such Gross-Up Payment, or whether a Reduced Amount or a Net After-Tax Benefit is payable, and the assumptions to be utilized in arriving at such determinations, shall be made by the Company’s independent auditors or
such other nationally recognized certified public accounting firm as may be designated by the Company and approved by the Participant (the “Accounting Firm”), which shall provide detailed supporting calculations both to the Company and the
Participant within 15 business days of the receipt of notice from the Participant that there has been a Payment, or such earlier time as is requested by the Company. All fees and expenses of the Accounting Firm shall be borne solely by the Company.
Subject to Section 3.4(e) below, any Gross-Up Payment, as determined pursuant to this Section 3.4(b), shall be paid by the Employer to the Participant within five days of the receipt of the Accounting Firm’s determination. Any
determination by the Accounting Firm shall be binding upon the Company, its Affiliates and the Participant. As a result of the uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Accounting
Firm hereunder, it is possible that Gross-Up Payments which will not have been made by the Employer should have been made pursuant to Section 3.4(a)(i) (an “Underpayment”), consistent with the calculations required to be made
hereunder. In the event that the Company exhausts its remedies pursuant to Section 3.4(c) and the Participant thereafter is required to make a payment of any Excise Tax, the Accounting Firm shall determine the amount of the Underpayment that
has occurred and any such Underpayment shall be promptly paid by the Employer to or for the benefit of the Participant. Reimbursements and payments made with regard to any Underpayment shall be made no later than December 31 of the year next
following the year in which the related Excise Taxes are remitted. 

  

	(c)	This Section 3.4(c) shall apply solely to Participants who commence participation in the Plan on or before December 31, 2009. The Participant shall notify the
Company in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the Employer of the Gross-Up Payment. Such notification shall be given as soon as practicable but no later than ten business days after
the Participant is informed in writing of such claim and shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid. The Participant shall not pay such claim prior to the expiration of the 30-day
period following the date on which it gives such notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies the Participant in writing prior to the
expiration of such period that it desires to contest such claim, the Participant shall: 

  

	 	(i)	give the Company any information reasonably requested by the Company relating to such claim, 

  
 12 

	 	(ii)	take such action in connection with contesting such claim as the Company or its Affiliates shall reasonably request in writing from time to time, including, without
limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the Company, 

  

	 	(iii)	cooperate with the Company and its Affiliates in good faith in order effectively to contest such claim, and 

 

	 	(iv)	permit the Company and its Affiliates to participate in any proceedings relating to such claim; 

PROVIDED, HOWEVER, that (A) the Company or its Affiliates shall bear and pay directly all costs and expenses (including additional
interest and penalties) incurred in connection with such contest and shall indemnify and hold the Participant harmless, on an after-tax basis, for any Excise Tax or income tax (including interest and penalties with respect thereto) imposed as a
result of such representation and payment of costs and expenses. Without limitation on the foregoing provisions of this Section 3.4(c), the Company shall control all proceedings taken in connection with such contest and, at its sole option, may
pursue or forgo any and all administrative appeals, proceedings, hearings and conferences with the taxing authority in respect of such claim and may, at its sole option, either direct the Participant to pay the tax claimed and sue for a refund or
contest the claim in any permissible manner, and the Participant agrees to prosecute such contest to a determination before any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Company shall
determine; (B) that if the Company directs the Participant to pay such claim and sue for a refund, the Employer shall advance the amount of such payment to the Participant, on an interest-free basis and shall indemnify and hold the Participant
harmless, on an after-tax basis, from any Excise Tax or income tax (including interest or penalties with respect thereto) imposed with respect to such advance or with respect to any imputed income with respect to such advance; and further provided
that any extension of the statute of limitations relating to payment of taxes for the taxable year of the Participant with respect to which such contested amount is claimed to be due is limited solely to such contested amount. Furthermore, the
Company’s control of the contest shall be limited to issues with respect to which a Gross-Up Payment would be payable hereunder and the Participant shall be entitled to settle or contest, as the case may be, any other issue raised by the
Internal Revenue Service or any other taxing authority. 
  

	(d)	If, after the receipt by the Participant of an amount advanced by the Employer pursuant to Section 3.4(c), the Participant becomes entitled to receive any refund
with respect to such claim, the Participant shall (subject to compliance with the requirements of Section 3.4(c) by the Company and its Affiliates) promptly pay to the Employer the amount of such refund (together with any interest paid or
credited thereon after taxes applicable thereto). If, after the receipt by the Participant of an amount advanced by the Employer pursuant to Section 3.4(c), a determination is made that the Participant shall not be entitled to any refund with
respect to such claim and the Company does not notify the Participant in writing of its intent to contest such denial of refund prior to the expiration of 30 days after such determination, then such advance shall be forgiven and shall not be
required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid. 

  
 13 

	(e)	Notwithstanding any other provision of this Section 3.4, the Employer may withhold and pay over to the Internal Revenue Service for the benefit of the Participant
all or any portion of the Gross-Up Payment that it determines in good faith that it is or may be in the future required to withhold, and the Participant hereby consents to such withholding. 

3.5. Certain Additional Payments by the Employer On or After January 1, 2013.  

 

	(a)	Anything in this Plan to the contrary notwithstanding, with respect to any Participant who is a citizen or resident of the United States, in the event (1) a Change
in Control occurs on or after January 1, 2013 and (2) in connection with such Change in Control it shall be determined that any Payment would be subject to the Excise Tax, then the Payments to the Participant, in the aggregate, shall be
the greater of: 

  

	 	(i)	The Net After-Tax Benefit, or 

  

	 	(ii)	An amount (the “Reduced Amount”) that is one dollar less than the smallest amount that would give rise to any Excise Tax. 

The Company and its Affiliates shall bear no responsibility for any Excise Tax payable on any Reduced Amount pursuant to a subsequent
claim by the Internal Revenue Service or otherwise. For purposes of determining the Reduced Amount under this Section 3.5(a), amounts otherwise payable to the Participant under the Plan shall be reduced, to the extent necessary, in the
following order: first, Separation Pay under Section 3.3(b), then Accrued Obligations payable under Section 3.3(a), other than Annual Base Salary through the Date of Termination, followed by outplacement services payable under
Section 3.3(d), welfare benefits payable under Section 3.3(c), and, finally, perquisites payable under Section 3.3(e). In the event that such reductions are not sufficient to reduce the aggregate Payments to the Participant to the
Reduced Amount, then Payments due the Participant under any other plan shall be reduced in the order determined by the Plan Administrator in its sole discretion. 
  

	(b)	All determinations required to be made under this Section 3.5, including whether a Reduced Amount or a Net After-Tax Benefit is payable, and the assumptions to be
utilized in arriving at such determinations, shall be made by the Company’s independent auditors or such other nationally recognized certified public accounting firm as may be designated by the Company and approved by the Participant (the
“Accounting Firm”), which shall provide detailed supporting calculations both to the Company and the Participant within 15 business days of the receipt of notice from the Participant that there has been a Payment, or such earlier time as
is requested by the Company. All fees and expenses of the Accounting Firm shall be borne solely by the Company. Any determination by the Accounting Firm shall be binding upon the Company, its Affiliates and the Participant. 

  
 14 

	(c)	For the avoidance of doubt, Section 3.4 shall not apply to any Participants with respect to any Change in Control that occurs on or after January 1, 2013 and
no Participant shall be entitled to a Gross-Up Payment hereunder with respect to any Change in Control that occurs on or after January 1, 2013. 

 3.6. Payment Obligations Absolute. Upon a Change in Control and termination of employment under the circumstances described in Section 3.2(a), the obligations of the Company and its Affiliates
to pay or provide the Separation Benefits described in Section 3.3 shall be absolute and unconditional and shall not be affected by any circumstances, including, without limitation, any set-off, counterclaim, recoupment, defense or other right
which the Company or any of the Affiliates may have against any Participant. In no event shall a Participant be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to a Participant under any of the
provisions of this Plan, nor shall the amount of any payment or value of any benefits hereunder be reduced by any compensation or benefits earned by a Participant as a result of employment by another employer, except as specifically provided under
Section 3.3. 
 3.7. Non-Competition and Non-Solicitation. Upon a Change in Control and termination of employment under the
circumstances described in Section 3.2(a), the obligations of the Company and its Affiliates to pay or provide the Separation Benefits described in Section 3.3 are contingent on the Participant’s adhering to the Non-Competition
Agreement and the Non-Solicitation Agreement. Should the Participant violate the Non-Competition Agreement or Non-Solicitation Agreement, the Participant will be obligated to pay back to the Employer all payments received pursuant to this Plan and
the Employer will have no further obligation to pay the Participant any payments that may be remaining due under this Plan. 
 3.8.
Non-Disparagement. Upon a Change in Control and termination of employment under the circumstances described in Section 3.2(a), the obligations of the Company and its Affiliates to pay or provide the Separation Benefits described in
Section 3.3 are contingent on the Participant’s adhering to certain non-disparagement provisions. The Participant agrees that, in discussing their relationship with the Employer, such Participant will not disparage, discredit or otherwise
treat in a detrimental manner the Employer, its affiliated and parent companies or their officers, directors and employees. The Employer agrees that, in discussing its relationship with the Participant, it will not disparage or discredit such
Participant or otherwise treat such Participant in a detrimental way. 
 3.9 General Release of Claims. Upon a Change in Control and
termination of employment under the circumstances described in Section 3.2(a), the obligations of the Company and its Affiliates to pay or provide the Separation Benefits described in Section 3.3 are contingent on the Participant’s
(for him/herself, his/her heirs, legal representatives and assigns) agreement to execute a general release in the form and substance to be provided by Employer, releasing the Employer, its affiliated companies and their officers, directors, agents
and employees from any claims or causes of action of any kind that the 

  
 15 

 
Participant might have against any one or more of them as of the date of this Release, regarding his/her employment or the termination of that employment. The Participant understands that this
Release applies to all claims (s)he might have under any federal, state or local statute or ordinance, or the common law, for employment discrimination, wrongful discharge, breach of contract, violations of Title VII of the Civil Rights Act of 1964,
the Civil Rights Act of 1991, the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act, the Employee Retirement Income Security Act, the Americans With Disabilities Act, or the Family and Medical Leave Act, and all other
claims related in any way to Participant’s employment or the termination of that employment. 
 3.10. Non-Exclusivity of Rights.
Nothing in this Plan shall prevent or limit the Participant’s continuing or future participation in any plan, program, policy or practice provided by the Company or any of the Affiliates and for which the Participant may qualify, nor, subject
to Section 6.2, shall anything herein limit or otherwise affect such rights as the Participant may have under any contract or agreement with the Company or any of the Affiliates. Amounts or benefits which the Participant is otherwise entitled
to receive under any plan, policy, practice or program of or any contract or agreement with the Company or any of the Affiliates shall be payable in accordance with such plan, policy, practice or program or contract or agreement, except as
explicitly modified by this Plan. 
 4. Successor to Company 
 This Plan shall bind any successor of the Company, its assets or its businesses (whether direct or indirect, by purchase, merger, consolidation or otherwise), in the same manner and to the same extent
that the Company or its Affiliates would be obligated under this Plan if no succession had taken place. 
 In the case of any transaction in
which a successor would not by the foregoing provision or by operation of law be bound by this Plan, the Company shall require such successor expressly and unconditionally to assume and agree to perform the Company’s or its Affiliates’
obligations under this Plan, in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. The term “Company,” as used in this Plan, shall mean the Company as hereinbefore
defined and any successor or assignee to the business or assets which by reason hereof becomes bound by this Plan. 
 5. Duration, Amendment
and Termination 
 5.1. Duration. This Plan shall remain in effect until terminated as provided in Section 5.2. Notwithstanding
the foregoing, if a Change in Control occurs, this Plan shall continue in full force and effect and shall not terminate or expire until after all Participants who become entitled to any payments or benefits hereunder shall have received such
payments or benefits in full. 

  
 16 

 5.2. Amendment and Termination. The Plan may be terminated or amended in any respect by resolution
adopted by the Committee unless a Change in Control has previously occurred. However, after the Board has knowledge of a possible transaction or event that if consummated would constitute a Change in Control, this Plan may not be terminated or
amended in any manner which would adversely affect the rights or potential rights of Participants, unless and until the Board has determined that all transactions or events that, if consummated, would constitute a Change in Control have been
abandoned and will not be consummated, and, provided that, the Board does not have knowledge of other transactions or events that, if consummated, would constitute a Change in Control. If a Change in Control occurs, the Plan shall no longer be
subject to amendment, change, substitution, deletion, revocation or termination in any respect that adversely affects the rights of Participants, and no Participant shall be removed from Plan participation. 

6. Miscellaneous 
 6.1. Legal
Fees. The Company agrees to pay, to the full extent permitted by law, all legal fees and expenses which the Participant may reasonably incur as a result of any contest by the Company or the Affiliates, the Participant or others of the validity
or enforceability of, or liability under, any provision of this Plan or any guarantee of performance thereof (including as a result of any contest by the Participant about the amount of any payment pursuant to this Plan), plus in each case interest
on any delayed payment at the applicable Federal rate provided for in Section 7872(f)(2)(A) of the Code; provided that the Company shall have no obligation under this Section 6.1 to the extent the resolution of any such contest includes a
finding denying, in total, the Participant’s claims in such contest. 
 6.2. Employment Status. This Plan does not constitute a
contract of employment or impose on the Participant, the Company or the Participant’s Employer any obligation to retain the Participant as an employee, to change the status of the Participant’s employment as an “at will”
employee, or to change the Company’s or the Affiliates’ policies regarding termination of employment. 
 6.3. Tax Withholding.
The Employer may withhold from any amounts payable under this Plan such Federal, state, local or foreign taxes as shall be required to be withheld pursuant to any applicable law or regulation. 

6.4. Validity and Severability. The invalidity or unenforceability of any provision of the Plan shall not affect the validity or enforceability of
any other provision of the Plan, which shall remain in full force and effect, and any prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

6.5. Governing Law. The validity, interpretation, construction and performance of the Plan shall in all respects be governed by the laws of the
Commonwealth of Virginia, without reference to principles of conflict of law. 
 6.6. Section 409A of the Code. The Plan shall be
interpreted, construed and operated to reflect the intent of the Company that all aspects of the Plan shall be interpreted either to be exempt from the provisions of Section 409A of the Code or, to the extent subject to

  
 17 

 
Section 409A of the Code, comply with Section 409A of the Code and any regulations and other guidance thereunder. Notwithstanding anything to the contrary in Section 5.2, this Plan
may be amended at any time, without the consent of any Participant, to avoid the application of Section 409A of the Code in a particular circumstance or to the extent determined necessary or desirable to satisfy any of the requirements under
Section 409A of the Code, but the Employer shall not be under any obligation to make any such amendment. Nothing in the Plan shall provide a basis for any person to take action against the Employer based on matters covered by Section 409A
of the Code, including the tax treatment of any award made under the Plan, and the Employer shall not under any circumstances have any liability to any Participant or other person for any taxes, penalties or interest due on amounts paid or payable
under the Plan, including taxes, penalties or interest imposed under Section 409A of the Code. 
 6.7 Claim Procedure. If a
Participant makes a written request alleging a right to receive Separation Benefits under the Plan or alleging a right to receive an adjustment in benefits being paid under the Plan, the Company shall treat it as a claim for benefits. All claims for
Separation Benefits under the Plan shall be sent to the General Counsel of the Company and must be received within 30 days after the Date of Termination. If the Company determines that any individual who has claimed a right to receive Separation
Benefits under the Plan is not entitled to receive all or a part of the benefits claimed, it will inform the claimant in writing of its determination and the reasons therefore in terms calculated to be understood by the claimant. The notice will be
sent within 90 days of the written request, unless the Company determines additional time, not exceeding 90 days, is needed and provides the Participant with notice, during the initial 90-day period, of the circumstances requiring the extension of
time and the length of the extension. The notice shall make specific reference to the pertinent Plan provisions on which the denial is based, and describe any additional material or information that is necessary. Such notice shall, in addition,
inform the claimant what procedure the claimant should follow to take advantage of the review procedures set forth below in the event the claimant desires to contest the denial of the claim. The claimant may within 90 days thereafter submit in
writing to the Plan Administrator a notice that the claimant contests the denial of his or her claim by the Company and desires a further review. The Plan Administrator shall within 60 days thereafter review the claim and authorize the claimant to
appear personally and review the pertinent documents and submit issues and comments relating to the claim to the persons responsible for making the determination on behalf of the Plan Administrator. The Plan Administrator will render its final
decision with specific reasons therefor in writing and will transmit it to the claimant within 60 days of the written request for review, unless the Plan Administrator determines additional time, not exceeding 60 days, is needed, and so notifies the
Participant during the initial 60-day period. If the Plan Administrator fails to respond to a claim filed in accordance with the foregoing within 60 days or any such extended period, the Plan Administrator shall be deemed to have denied the claim.
The Committee may revise the foregoing procedures as it determines necessary to comply with changes in the applicable U.S. Department of Labor regulations. 
 6.8. Unfunded Plan Status. This Plan is intended to be an unfunded plan and to qualify as a severance pay plan within the meaning of Labor Department Regulations Section 2510.3-2(b). All
payments pursuant to the Plan shall be made from the general funds of 

  
 18 

 
the Employer and no special or separate fund shall be established or other segregation of assets made to assure payment. No Participant or other person shall have under any circumstances any
interest in any particular property or assets of the Company or its Affiliates as a result of participating in the Plan. Notwithstanding the foregoing, the Committee may authorize the creation of trusts or other arrangements to assist in
accumulating funds to meet the obligations created under the Plan; provided, however, that, unless the Committee otherwise determines, the existence of such trusts or other arrangements is consistent with the “unfunded” status of the Plan.

 6.9. Reliance on Adoption of Plan. Subject to Section 5.2, each person who shall become a Key Executive shall be deemed to have
served and continue to serve in such capacity in reliance upon the Change in Control provisions contained in this Plan. 
 6.10. Plan
Supersedes prior U.S. Arrangements with one Exception. For the period of two years following the occurrence of a Change in Control, the provisions of this Program shall supersede, with respect to U.S. Participants, any and all plans, programs,
policies and arrangements of the Company or its Affiliates providing severance benefits, EXCEPT FOR the Amended and Restated 2005 Performance Incentive Plan. 
 IN WITNESS WHEREOF, the Company has caused this Plan to be executed by its duly authorized officer effective as of the Effective Date set forth above. 

 

			
	MONDELĒZ INTERNATIONAL, INC.
		
	By:	 	/s/ Karen May
		 	Karen May
		 	Executive Vice President, Global Human Resources

  
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