<SEC-DOCUMENT>0001193125-18-251013.txt : 20180817
<SEC-HEADER>0001193125-18-251013.hdr.sgml : 20180817
<ACCEPTANCE-DATETIME>20180817060604
ACCESSION NUMBER:		0001193125-18-251013
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180813
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180817
DATE AS OF CHANGE:		20180817

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Mondelez International, Inc.
		CENTRAL INDEX KEY:			0001103982
		STANDARD INDUSTRIAL CLASSIFICATION:	FOOD & KINDRED PRODUCTS [2000]
		IRS NUMBER:				522284372
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16483
		FILM NUMBER:		181024679

	BUSINESS ADDRESS:	
		STREET 1:		THREE PARKWAY NORTH
		CITY:			DEERFIELD
		STATE:			IL
		ZIP:			60015
		BUSINESS PHONE:		847-943-4000

	MAIL ADDRESS:	
		STREET 1:		THREE PARKWAY NORTH
		CITY:			DEERFIELD
		STATE:			IL
		ZIP:			60015

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KRAFT FOODS INC
		DATE OF NAME CHANGE:	20000121
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d595530d8k.htm
<DESCRIPTION>8-K
<TEXT>
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<TITLE>8-K</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 or 15(d) of </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): August&nbsp;13, 2018 </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>MONDEL&#274;Z INTERNATIONAL, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


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<TD VALIGN="top" ALIGN="center"><B>Virginia</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">1-16483</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">52-2284372</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Commission File Number)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Three Parkway North, Deerfield, Illinois 60015 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices, including zip code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(847) <FONT STYLE="white-space:nowrap">943-4000</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Registrant&#146;s telephone number, including area code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not Applicable </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
name or former address, if changed since last report.) </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Soliciting material pursuant to <FONT STYLE="white-space:nowrap">Rule&nbsp;14a-12</FONT> under the Exchange Act
(17 CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to <FONT
STYLE="white-space:nowrap">Rule&nbsp;14d-2(b)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to <FONT
STYLE="white-space:nowrap">Rule&nbsp;13e-4(c)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &#167;230.405) or
Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Securities Exchange Act of 1934 (17 CFR <FONT STYLE="white-space:nowrap">&#167;240.12b-2).</FONT> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Emerging growth company&nbsp;&nbsp;&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;13(a) of the Exchange
Act.&nbsp;&nbsp;&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;5.02.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers. </B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As previously announced, effective July&nbsp;31, 2018, Brian Gladden stepped down
from the position of Executive Vice President and Chief Financial Officer of Mondel&#275;z International, Inc. (the &#147;Company&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On
August&nbsp;13, 2018, one of the Company&#146;s wholly-owned subsidiaries, Mondel&#275;z Global LLC (&#147;Mondel&#275;z Global&#148;), entered into a separation agreement (the &#147;Agreement&#148;) with Mr. Gladden. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under the Agreement, Mr. Gladden&#146;s last day of employment with Mondel&#275;z Global was July&nbsp;31, 2018 (&#147;Last Day Worked&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As previously disclosed, in exchange for entering into the Agreement, Mr.&nbsp;Gladden will be eligible to receive a
<FONT STYLE="white-space:nowrap">pro-rated</FONT> 2018 Management Incentive Program award based on the number of days worked from January&nbsp;1, 2018 through the Last Day Worked to be paid at actual performance for the individual component and
actual performance for the company component. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Agreement provides for a release of claims as well as other restrictive covenants and is intended to
comply with, or be exempt from, Section&nbsp;409A of the Internal Revenue Code of 1986, as amended. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The forgoing description of the Agreement is
qualified in its entirety by reference to the complete terms and conditions of the Agreement, which is filed as Exhibit 10.1 to this Current Report on <FONT STYLE="white-space:nowrap">Form&nbsp;8-K.</FONT> </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Financial Statements and Exhibits. </B></P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The following exhibit is being filed with this Current Report on Form
<FONT STYLE="white-space:nowrap">8-K.</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


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<TD WIDTH="87%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:10pt; font-family:Times New Roman; "><B>Exhibit&nbsp;Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Description</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">10.1</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><A HREF="d595530dex101.htm">Separation Agreement and General Release between Mondel&#275;z Global LLC and Brian T. Gladden, dated August&nbsp;13, 2018. </A></TD></TR>
</TABLE> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3"><B>MONDEL&#274;Z INTERNATIONAL, INC.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Carol J. Ward</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Carol J. Ward</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Vice President and Corporate Secretary</TD></TR>
</TABLE></DIV> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: August&nbsp;17, 2018 </P> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d595530dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>S<SMALL>EPARATION</SMALL> A<SMALL>GREEMENT</SMALL> <SMALL>AND</SMALL> G<SMALL>ENERAL</SMALL> R<SMALL>ELEASE</SMALL> </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Separation Agreement and General Release (&#147;Agreement&#148;) is made between Mondel&#275;z Global LLC (and any currently or
previously-affiliated companies, parent companies, successors or predecessors, including Mondel&#275;z International, Inc., Kraft Foods Inc., Kraft Foods Group, Inc., and Kraft Foods Global, Inc., hereafter, collectively referred to herein as,
&#147;MG&#148; or the &#147;Employer&#148;) and Brian Gladden (&#147;Gladden&#148; or the &#147;Employee&#148;) (the Employer and Employee are collectively referred to herein as the &#147;Parties&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Gladden has been employed by MG as EVP and Chief Financial Officer of Mondel&#275;z International, Inc. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with Gladden&#146;s employment with MG, Gladden executed an offer letter dated September&nbsp;26, 2014 (the &#147;Offer
Letter&#148;), which Offer Letter is incorporated into this Agreement by reference and made a part hereof as if set forth in full. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In
connection with Gladden&#146;s employment with MG, Gladden also executed several Grant Agreements (the &#147;Grant Agreements&#148;), dated February&nbsp;18, 2015; February&nbsp;22, 2016; February&nbsp;16, 2017; August&nbsp;1, 2017; and
February&nbsp;22, 2018; which Grant Agreements are incorporated into this Agreement by reference and made a part hereof as if set forth in full. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Since Gladden&#146;s employment relationship with MG is ending, MG has offered Gladden benefits as set forth in this Agreement, and Gladden
has decided to accept MG&#146;s offer. Therefore, Gladden and MG both agree and promise as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Employment Termination</U></B><B>:</B> Gladden&#146;s last day of employment with MG is July&nbsp;31, 2018
(&#147;Last Day Worked&#148; or &#147;Termination Date&#148;). Gladden will be paid for any accrued, unused 2018 PTO days, less applicable deductions, at the next normal payday following the Termination Date. After the Termination Date, Gladden will
not represent himself as being an employee, officer, attorney, agent or representative of MG for any purpose. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Sufficiency of Consideration</U></B><B>:</B> Gladden understands, acknowledges and agrees that the payment of
benefits described in this Agreement, including payments and benefits described in Section&nbsp;3 herein, are conditioned upon his execution and <FONT STYLE="white-space:nowrap">non-revocation</FONT> of this Agreement and are, in significant and
substantial part, in addition to those benefits to which he is otherwise entitled. Gladden acknowledges and agrees that MG has &#150; apart from this Agreement &#150; paid him for all wages that were due to him. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Consideration</U></B><B>:</B> In exchange for the promises and releases in this Agreement, and provided
Gladden does not revoke the Agreement as permitted in Section&nbsp;14 below, MG will provide Gladden with the following benefits and payments: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">a)&nbsp;&nbsp;&nbsp;&nbsp;Gladden will receive a <FONT STYLE="white-space:nowrap">pro-rated</FONT> 2018 Management Incentive Plan
(&#147;MIP&#148;) award based on the number of days worked from January&nbsp;1, 2018 through the Last Day Worked, to be paid at actual performance for the individual performance component and actual performance for the Company performance component.
This payment, less applicable deductions, will be made no later than March&nbsp;15, 2019. Gladden will not be eligible to receive any other MIP payments. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">b)&nbsp;&nbsp;&nbsp;&nbsp;Subject to the underlying terms and conditions of the applicable plans, Gladden will receive compensation and
benefits as provided for under MG&#146;s retirement and benefits plans available to employees generally. Gladden will not be entitled to any other compensation or benefits not provided in this Agreement, nor is Gladden entitled to any severance
under the Mondel&#275;z Global LLC Severance Pay Plan for Salaried Exempt Employees. For avoidance of doubt, all outstanding unvested equity awards will be forfeit upon Gladden&#146;s Last Day Worked and all vested stock options will expire 30 days
from his Last Day Worked. Gladden may revoke this Agreement within seven (7)&nbsp;days after he signs it by giving written notice to MG. To be effective, this revocation </P>
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must be received by the close of business on the 7th calendar day after Gladden signs this Agreement. If Gladden revokes this Agreement, he understands that he will not receive the benefits that
are conditioned upon his execution of the Agreement. This Agreement will not become effective or enforceable unless and until the <FONT STYLE="white-space:nowrap">seven-day</FONT> revocation period has expired without Gladden revoking it. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Complete Release and Waiver of Claims</U></B><B>:</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">a)&nbsp;&nbsp;&nbsp;&nbsp;Gladden is aware of his legal rights concerning his employment with MG. In exchange for MG&#146;s promises above,
Gladden agrees to irrevocably and unconditionally release (<I>i.e. give up</I>) any and all claims he may now have against, and agrees not to sue, MG and any currently or previously-affiliated companies, parent companies, successors or predecessors,
and their officers, directors, agents and employees, including without limitation those arising out of the employment relationship between Gladden and MG (the &#147;Release&#148;). This Release includes, but is not limited to, all claims under Title
VII of the Civil Rights Acts of 1964 and 1991, the Americans with Disabilities Act, the Age Discrimination in Employment Act, the Family and Medical Leave Act, the Fair Labor Standards Act, the Sarbanes-Oxley Act of 2002, the Employee Retirement
Income Security Act, the Illinois Human Rights Act, the Right to Privacy in the Workplace Act, the Illinois Health and Safety Act, the Illinois Employment Contract Act, the Illinois Whistleblower Act, and any other federal, state or local law, as
well as any claims for breach of contract, wrongful discharge, and tort claims; claims for wages, benefits or severance pay; claims for attorneys&#146; fees; and any other claim or action whatsoever. This general release and waiver does not contain
a waiver of rights or claims that may arise after the date the Agreement is executed by Gladden, and also excludes any claims which cannot be waived by law. For the avoidance of doubt, payments made pursuant to this Agreement remain subject to any
recovery, recoupment, clawback and/or other forfeiture policy maintained by MG or any affiliate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">b)&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Specific Release of ADEA Claims</U></B><B>: </B>In further consideration of the payments and benefits
provided to the Employee in this Agreement, Gladden hereby irrevocably and unconditionally fully and forever waives, releases and discharges MG from any and all claims, whether known or unknown, from the beginning of time to the date of
Gladden&#146;s execution of this Agreement, arising under the Age Discrimination in Employment Act (ADEA), as amended, and its implementing regulations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Right to Participate in Agency Proceedings</U></B><B>: </B>Nothing in this Agreement is intended to limit or
impair in any way Gladden&#146;s right to file a charge with the U.S. Equal Employment Opportunity Commission (EEOC) or comparable state and local fair employment practices agencies (FEPAs), or Gladden&#146;s right to participate in any such charge
filed with such agencies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Cooperation</U></B><B>: </B>The Parties agree that certain matters in which
Gladden has been involved during his employment may necessitate Gladden&#146;s&nbsp;cooperation&nbsp;with MG in the future. Accordingly, for a period of two (2)&nbsp;years following the Termination Date, to the extent reasonably requested by MG and
upon reasonable notice, Gladden shall cooperate with MG in connection with matters arising out of Gladden&#146;s service to the Employer, including those legal matters, both known and unknown, about which Gladden has personal knowledge and/or may be
called as a witness; provided that MG shall make reasonable efforts to minimize disruption of Gladden&#146;s other activities. MG shall reimburse Gladden for reasonable expenses incurred in connection with his cooperation </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Restrictive Covenants:</U></B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT STYLE="white-space:nowrap">Non-Competition:</FONT> </B>Gladden understands and agrees that the nature of
his position with MG gave him access to and knowledge of highly confidential information and trade secrets of MG, and placed him in a position of trust and confidence with MG. Because of MG&#146;s legitimate business interests and in consideration
for MG&#146;s payment/provision to Gladden of the amounts and benefits provided in Section&nbsp;3 above, for the twelve (12)-month period following the Termination Date (&#147;Restricted Period&#148;) and in any geographic area in which Gladden
directly or indirectly performed responsibilities for MG or where his knowledge of Confidential Information (as defined in Section&nbsp;10, <I>infra</I>) would be useful to a competitor in competing against MG, Gladden shall not engage in any
conduct in which he contributes his knowledge and skills, directly or indirectly, in whole or in part, as an executive, employer, owner, operator, manager, advisor, consultant, agent, partner, director,
</P>
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stockholder, officer, volunteer, intern or any other similar capacity to a competitor or to an entity engaged in the same or similar business as MG, including those engaged in the business of
production, sale or marketing of snack foods (including, but not limited to gum, chocolate, confectionary products, biscuits or any other product or service Gladden had reason to know was under development by MG during his employment with MG),
limited solely to those competitors or entities that have a material business in snack foods (where &#147;material&#148; is defined as $50MM or more in annual retail sales), without the written consent of MG&#146;s Executive Vice President of Global
Human Resources, or designee, such consent to be provided by MG in its sole and absolute discretion. For the purpose of this Section&nbsp;7(a), MG&#146;s competitors include entities engaged in the same or similar business as wholly owned
subsidiaries of Mondel&#275;z International, Inc. For purposes of this <FONT STYLE="white-space:nowrap">Non-Competition</FONT> clause, Listed Competitors include, but are not limited to, the following companies: PepsiCo, Inc., Campbell Soup Company,
The Coca-Cola Company, Kellogg Company, Mars, Inc., Nestle S.A., Ferrero Rocher, General Mills, Inc., The Hershey Company, Groupe Danone, Perfetti Van Melle, Arcor, Unilever Group, Lindt&nbsp;&amp; Sprungli AG, and Yildiz Holding A.S., or any
subsidiaries, affiliates or subsequent parent or merger partner, if any of these companies are acquired or become part of a merger. For purposes of this Agreement, &#147;affiliate&#148; of a specified person or entity means a person or entity that
directly or indirectly controls, is controlled by, or is under common control with, the person or entity specified. For the avoidance of doubt, during the Restricted Period, Gladden shall not advise any client or potential client on any matters or
in any manner that would be useful to that client or potential client in competing against MG, or that would cause a client or potential client to become a competitor to MG. Passive ownership of less than two percent (2%) of the outstanding stock of
any publicly traded corporation (or private company through an investment in a hedge fund, or similar vehicle) shall not be deemed to be a violation of this Section&nbsp;7(a) solely by reason thereof. Under no circumstances may Gladden engage in any
activity that may require or inevitably require his use or disclosure of MG&#146;s Confidential Information. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT STYLE="white-space:nowrap">Non-Solicitation</FONT> of Employees:</B> Gladden understands and acknowledges
that MG has expended and continues to expend significant time and expense recruiting and training its employees and that the loss of employees would cause significant and irreparable harm to MG. Gladden agrees and covenants not to directly or
indirectly solicit, hire, recruit, attempt to hire or recruit, or induce the termination of employment of any employee of MG during the Restricted Period. The foregoing shall not be violated by general advertising not targeted at MG employees or by
serving as a reference upon request. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;<B>Restrictive Covenant Remedies:</B> If Gladden breaches or violates
the provisions of this Section&nbsp;7, he will be obligated to pay back to MG all payments received pursuant to this Agreement, and MG will not be obligated to make any future payments pursuant to this Agreement that are otherwise owed. This will be
in addition to any other remedy that MG may have in respect of such Prohibited Conduct. MG and Gladden acknowledge and agree that MG will or would suffer irreparable injury in the event of a breach or violation or threatened breach or violation of
the provisions set forth in this Section&nbsp;7, and agree that in the event of a breach or violation of such provisions MG will be awarded injunctive relief by a Court of competent jurisdiction to prohibit any such breach or violation, and that
such right to injunctive relief will be in addition to any other remedy which may be ordered by the Court or an arbitrator. The aforementioned equitable relief shall be in addition to, not in lieu of, legal remedies, monetary damages or any other
available forms of relief. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;<B>Judicial Amendment:</B> Gladden and MG acknowledge the reasonableness of the
agreements set forth in this Section&nbsp;7 and the specifically acknowledge the reasonableness of the geographic area, duration of time and subject matter that are part of the covenant not to compete contained in Section&nbsp;7(a)(i)-(ii). Gladden
further acknowledges that Gladden&#146;s skills are such that Gladden can be gainfully employed in noncompetitive employment and that the parties&#146; agreement not to compete will in no manner prevent Gladden from earning a living. Notwithstanding
the foregoing, in the event it is judicially determined that any of the limitations contained in this Section&nbsp;7 are unreasonable, illegal or offensive under any applicable law and may not be enforced as agreed herein, the parties agree that the
unreasonable, illegal or offensive portions of this Section&nbsp;7, whether they relate to duration, area or subject matter, shall be and hereby are revised to conform with all applicable laws and that this Agreement, as modified, shall remain in
full force and effect and shall not be rendered void or illegal. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>This Agreement to Be Kept
Confidential</U></B><B>:</B> Gladden understands that this Agreement is unique to him and he agrees that it is confidential and that he will not disclose this Agreement or its terms to anyone other than (a)&nbsp;his legal or tax advisor,
(b)&nbsp;his immediate family, (c)&nbsp;in a legal action to enforce the terms of this Agreement, (d) the EEOC or similar state or local FEPA in connection with the filing or investigation of a charge, or (e)&nbsp;as ordered or required by law.
Gladden further agrees that if he discloses the existence of terms of this Agreement to anyone under (a)&nbsp;or (b) above, he will inform them of the confidentiality requirements of this Section and require that they agree to be bound by such
requirements. Nothing in this Section&nbsp;8 shall be construed to prohibit Gladden from reporting conduct to, providing truthful information to or participating in any investigation or proceeding conducted by any federal, state or local government
agency or self-regulatory organization. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>No Disparagement or Harm</U></B><B>:</B> Gladden agrees
that, in discussing his relationship with MG and its affiliated and parent companies and their business and affairs, he will not disparage, discredit or otherwise treat in a detrimental manner MG, its affiliated and parent companies or their current
or former officers, directors and employees. This Section&nbsp;9 does not, in any way, restrict or impede Gladden from exercising protected rights including the right to communicate with any federal, state, or local agency or self-regulatory
organization, including any with which a charge has been filed, to the extent that such rights cannot be waived by agreement, or from complying with any applicable law or regulation or a valid order of a court of competent jurisdiction or an
authorized government agency, provided that such compliance does not exceed that required by the law, regulation or order. To the extent legally permissible, Gladden shall promptly provide written notice of any such order to MG&#146;s legal
department. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Continuing Confidentiality Obligation</U></B><B>:</B> Gladden acknowledges that during the
course of his employment with MG, he has had access to, learned about and was entrusted with certain confidential and secret financial, strategy, sales, marketing, product, manufacturing, labor relations, personnel, technical and other proprietary
information and material (&#147;Confidential Information&#148;) which are the property of MG. Gladden understands that the above list is not exhaustive, and that Confidential Information also includes other information that is marked or otherwise
identified as confidential or proprietary, or that would otherwise appear to a reasonable person to be confidential or proprietary in the context and circumstances in which the information is known or used. Gladden further understands and
acknowledges that this Confidential Information and MG&#146;s ability to reserve it for the exclusive knowledge and use of MG is of great competitive importance and commercial value to MG, and that improper use or disclosure of the Confidential
Information by Gladden might cause MG to incur financial costs, loss of business advantage, liability under confidentiality agreements with third parties, civil damages and criminal penalties. Gladden agrees that, from the date he is presented with
this Agreement and following the Terminate Date, he will not communicate or disclose to any third party, or use for his own account, without the written consent of MG, any of the aforementioned information or material. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If MG becomes aware of a situation where it appears that its trade secrets are being used and/or disclosed by Gladden, it will enforce its
rights to the fullest degree allowed by law, including Federal or State trade secret law. An individual shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret that is made in
confidence to a Federal, State, or local government official or to an attorney solely for the purpose of reporting or investigating a suspected violation of law. An individual shall not be held criminally or civilly liable under any Federal or State
trade secret law for the disclosure of a trade secret that is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. An individual who files a lawsuit for retaliation by an employer for
reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual files any document containing the trade secret under seal; and
does not disclose the trade secret, except pursuant to court order. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Protected Rights</U></B><B>:</B>
Gladden understands that nothing contained in this Agreement limits Gladden&#146;s ability to file a charge or complaint with the Equal Employment Opportunity Commission, the National Labor Relations Board, the Occupational Safety and Health
Administration, the Securities and Exchange Commission, or any other federal, state or local governmental agency or commission (&#147;Government Agencies&#148;). Gladden further understands that this Agreement does not limit Gladden&#146;s ability
to communicate with any Government Agencies or otherwise participate in any investigation or proceeding that may be conducted by any Government Agency, including providing documents or other information, without notice to the Company. This Agreement
does not limit Gladden&#146;s right to receive an award for information provided to any Government Agencies. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Return of Company Property</U></B><B>:</B> Gladden agrees
to return all Company property in his possession, including documents, manuals, identification cards or badges, laptops, computers, telephones, mobile phones, hand-held electronic devices, credit cards, electronically stored documents or files,
physical files, handbooks, notes, keys and any other articles he has used in the course of his employment and any other Company property in his possession, no later than the Last Day Worked. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Arbitration of Claims</U></B><B>:</B> In the event either Gladden or MG contests the interpretation or
application of any of the terms of this Agreement, the complaining party shall notify the other in writing of the provision that is being contested. If the Parties cannot satisfactorily resolve the dispute within thirty (30)&nbsp;days, the matter
will be submitted to arbitration with JAMS (f.k.a. Judicial Arbitration and Mediation Services, Inc.). The arbitration will be conducted, and an arbitrator will be chosen, pursuant to the JAMS Employment Arbitration Rules and Procedures. The
arbitrator&#146;s fees and expenses and filing fees shall be borne by the losing <FONT STYLE="white-space:nowrap">(non-prevailing)</FONT> Party. The hearing shall be held at a location selected by MG, and the arbitrator shall issue a written award
which shall be final and binding upon the Parties. Gladden agrees to waive the right to a jury trial. Notwithstanding anything contained in this Section&nbsp;13 or Section&nbsp;7(c) to the contrary, MG shall each have the right to institute judicial
proceedings against Gladden or anyone acting by, through or under Gladden, in order to enforce its rights under Sections 6, 7, 8, 9 or 10 through specific performance, injunction, or similar equitable relief. Claims <U>not</U> covered by arbitration
are those claims seeking injunctive and other relief due to unfair competition, due to the use or unauthorized disclosure of trade secrets or confidential information set forth in Sections 8 or 10, or breach of restrictive covenants set forth in
Section&nbsp;7. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Review and Revocation</U></B><B>:</B> Gladden acknowledges that, before signing this
Agreement, MG gave him a period of <FONT STYLE="white-space:nowrap">twenty-one</FONT> (21)&nbsp;days in which to consider it. Gladden further acknowledges that: (a)&nbsp;he took advantage of this period to consider this Agreement before signing it;
(b)&nbsp;he has carefully read this Agreement, and each of its provisions; (c)&nbsp;to the extent Gladden had any, Gladden resolved all of his doubts and concerns regarding representations being made in this Agreement before signing it;
(d)&nbsp;Gladden fully understands what the Agreement, and each of its provisions, means; and (e)&nbsp;Gladden is entering into the Agreement, and each of its provisions, knowingly and voluntarily. MG encouraged Gladden to discuss this Agreement,
and each of its provisions, with an attorney (at his own expense) before signing it. Gladden acknowledges that he sought such advice to the extent he deemed appropriate. If Gladden signs this Agreement before the end of the <FONT
STYLE="white-space:nowrap">twenty-one</FONT> (21)&nbsp;day period, Gladden does so voluntarily because he has decided that he does not need any additional time to decide whether to sign this Agreement. Gladden also understands that he does not have
more than <FONT STYLE="white-space:nowrap">twenty-one</FONT> (21)&nbsp;days to sign this Agreement. If Gladden does not sign this Agreement by the end of the <FONT STYLE="white-space:nowrap">twenty-one</FONT> (21)&nbsp;day period, he understands
that it will become null and void. Gladden also acknowledges and understands that MG would not have given him the special payments or benefits he is getting in exchange for this Agreement but for his promises and representations he made by signing
it. Further, by signing below, Gladden acknowledges that he may revoke this Agreement at any time within seven (7)&nbsp;days of the date on which he signed it as described above in Section&nbsp;3(b). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">15.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Entire Agreement and Severability</U></B><B>:</B> This is the entire agreement between Gladden and MG on the
subject matter of this Agreement. This Agreement may not be modified or canceled in any manner except by a writing signed by both Gladden and an authorized Company official. Gladden acknowledges that MG has made no representations or promises to
her, other than those in this Agreement. If any provision in this Agreement is found to be unenforceable, all other provisions will remain fully enforceable. The covenants set forth in this Agreement shall be considered and construed as separate and
independent covenants. Should any part or provision of any provision of this Agreement be held invalid, void or unenforceable in any court of competent jurisdiction, such invalidity, voidness or unenforceability shall not render invalid, void or
unenforceable any other part or provision of this Agreement. If the release and waiver of claims provisions of this Agreement are held to be unenforceable, the parties agree to enter into a release and waiver agreement that is enforceable. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">16.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Governing Law</U></B><B>: </B>This Agreement, for all
purposes, shall be governed under and construed in accordance with the laws of the State of Illinois without giving effect to any choice of law or conflict of law provision or rule that would cause the application of the laws of any jurisdiction
other than Illinois. For any application for injunctive relief, and in the event a dispute between the Parties is not subject to arbitration under Section&nbsp;13, any action or proceeding by either of the Parties to enforce this Agreement shall be
brought only in a State or Federal court located in the State of Illinois. The Parties consent to the personal jurisdiction of such courts and agrees not to claim that any such courts are inconvenient or otherwise inappropriate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">17.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Section 409A</U></B><B>:</B> This Agreement is intended to comply with Section&nbsp;409A of the Internal
Revenue Code of 1986, as amended (&#147;Section&nbsp;409A&#148;) or an exemption thereunder and shall be construed and administered in accordance with Section&nbsp;409A. Notwithstanding any other provision of this Agreement, payments subject to
Section&nbsp;409A provided under this Agreement may only be made upon an event and in a manner that complies with Section&nbsp;409A or an applicable exemption. Any payments under this Agreement that may be excluded from Section&nbsp;409A either as
separation pay due to an involuntary separation from service or as a short-term deferral shall be excluded from Section&nbsp;409A to the maximum extent possible. For purposes of Section&nbsp;409A, each installment payment provided under this
Agreement shall be treated as a separate payment. Any payments to be made under this Agreement upon a termination of employment shall only be made upon a &#147;separation from service&#148; under Section&nbsp;409A. Gladden will be deemed to have
incurred a separation from service under Section&nbsp;409A the day immediately following his Last Day Worked. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the event that Gladden
is a &#147;specified employee&#148; within the meaning of Section&nbsp;409A, to the extent required in order to comply with Section&nbsp;409A, any amounts or benefits to be paid or provided to Gladden pursuant to this Agreement or otherwise that are
considered nonqualified deferred compensation under Section&nbsp;409A will be delayed six (6)&nbsp;months to the first business day on which such amounts and benefits may be paid in compliance with said Section&nbsp;409A. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding the foregoing, MG makes no representations that the payments and benefits provided under this Agreement comply with
Section&nbsp;409A, and in no event shall MG be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by Gladden on account of <FONT STYLE="white-space:nowrap">non-compliance</FONT> with
Section&nbsp;409A. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>[SIGNATURE PAGE FOLLOWS] </B></P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:2%; margin-right:2%; font-size:10pt; font-family:Times New Roman"><B>TAKE THIS AGREEMENT HOME, READ IT, AND CAREFULLY CONSIDER ALL OF ITS PROVISIONS BEFORE SIGNING IT: IT
INCLUDES A RELEASE OF KNOWN AND UNKNOWN CLAIMS. IF YOU WISH, YOU SHOULD TAKE ADVANTAGE OF THE FULL CONSIDERATION PERIOD AFFORDED BY SECTION 14 AND YOU SHOULD CONSULT WITH AN ATTORNEY PRIOR TO EXECUTING THIS AGREEMENT. </B></P></div>
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<TD VALIGN="top" COLSPAN="3"><B>MONDEL&#274;Z GLOBAL LLC:</B></TD></TR>
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<TD VALIGN="top">By:</TD>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ David H. Pendleton</TD></TR>
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<TD VALIGN="top">Title:</TD>
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<TD VALIGN="bottom">SVP Total Rewards and HR Solutions</TD></TR>
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<TD VALIGN="top">Date:</TD>
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<TD VALIGN="bottom">August&nbsp;13, 2018</TD></TR>
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<TD VALIGN="top" COLSPAN="3"><B>BRIAN GLADDEN:</B></TD></TR>
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<TD VALIGN="top">Signature:</TD>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/Brian T. Gladden</TD></TR>
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<TD VALIGN="top">Print&nbsp;Name:</TD>
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<TD VALIGN="bottom">Brian T. Gladden</TD></TR>
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<TD VALIGN="top">Date:</TD>
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<TD VALIGN="bottom">August&nbsp;13, 2018</TD></TR>
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