Death or Total Disability. If the Participant’s employment terminates by reason of death or Total Disability, then the target amount of the LTC Award set forth in the Award Summary shall become fully vested on the Participant’s last day of active employment with the Company (which, for purposes of Total Disability, means the effective date of Total Disability), and shall be paid as soon as practicable following the date of termination.
Appears in 15 contracts
Samples: 2023 Pepsico Annual Long Term Incentive Award (Pepsico Inc), 2024 Pepsico Annual Long Term Incentive Award (Pepsico Inc), 2022 Pepsico Annual Long Term Incentive Award (Pepsico Inc)