Common use of Earning and Forfeiture of PSUs Clause in Contracts

Earning and Forfeiture of PSUs. Subject to the terms and conditions set forth herein, the Participant can earn a specified number of PSUs with respect to the period which shall include the fiscal year in which the Grant Date occurs and the two fiscal years following such year (the “Performance Period”), determined based on the achievement of performance targets established by the Committee. Any portion of the PSU Award that is not earned in accordance with this Paragraph A.3 shall be forfeited and cancelled. Subject to the terms and conditions set forth herein, the PSU Award shall be earned as follows:

Appears in 3 contracts

Samples: Terms and Conditions (Pepsico Inc), Terms and Conditions (Pepsico Inc), Terms and Conditions (Pepsico Inc)

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Earning and Forfeiture of PSUs. Subject to the terms and conditions set forth herein, the The Participant can earn a specified number of PSUs with respect to the period which shall include the fiscal year in which the Grant Date occurs and the two fiscal years following such year (the “Performance Period”), determined based on the achievement of performance targets established by the Committee. Any portion of the PSU Award that is not earned in accordance with this Paragraph A.3 shall be forfeited and cancelled. Subject to the terms and conditions set forth herein, the PSU Award shall be earned as follows:

Appears in 3 contracts

Samples: Terms and Conditions (Pepsico Inc), Terms and Conditions (Pepsico Inc), Performance Stock (Pepsico Inc)

Earning and Forfeiture of PSUs. Subject to the terms and conditions set forth herein, the Participant can earn a specified number of PSUs with respect to the 2016-2018 three year performance period which shall include the fiscal year in which the Grant Date occurs and the two fiscal years following such year (the “Performance Period,” which shall constitute a “Performance Period” as defined in the Plan), determined based on the achievement of performance targets established by the Committee. Any portion of the PSU Award that is not earned in accordance with this Paragraph A.3 shall be forfeited and cancelled. Subject to the terms and conditions set forth herein, the PSU Award shall be earned as follows:

Appears in 2 contracts

Samples: Terms and Conditions (Pepsico Inc), Terms and Conditions (Pepsico Inc)

Earning and Forfeiture of PSUs. Subject to the terms and conditions set forth herein, the Participant can earn a specified number of PSUs with respect to the 2017-2019 three year performance period which shall include the fiscal year in which the Grant Date occurs and the two fiscal years following such year (the “Performance Period,” which shall constitute a “Performance Period” as defined in the Plan), determined based on the achievement of performance targets established by the Committee. Any portion of the PSU Award that is not earned in accordance with this Paragraph A.3 shall be forfeited and cancelled. Subject to the terms and conditions set forth herein, the PSU Award shall be earned as follows:

Appears in 1 contract

Samples: Pepsico Performance (Pepsico Inc)

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Earning and Forfeiture of PSUs. Subject to the terms and conditions set forth herein, the Participant can earn a specified number of PSUs with respect to the period which shall include the fiscal year in which the Grant Date occurs and the two fiscal years following such year (the “Performance Period”), determined based on the achievement of performance targets established by the Committee. Any portion of the PSU Award that is not earned in accordance with this Paragraph A.3 shall be forfeited and cancelledcanceled. Subject to the terms and conditions set forth herein, the PSU Award shall be earned as follows:

Appears in 1 contract

Samples: Pepsico Performance (Pepsico Inc)

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