Common use of On and After a Change in Control Clause in Contracts

On and After a Change in Control. If Tyson Foods, Inc. is the surviving entity, the Award will be settled in shares of Tyson Class A common stock. If the Award is settled on or after a Change in Control and Tyson Foods, Inc. is not the surviving entity, the Award will be settled either (i) in the number and class of shares of capital stock of the successor entity into which each outstanding share of Tyson Class A common stock has been converted pursuant to such Change in Control, unless the Committee determines in its sole discretion to settle the Award in cash; or (ii) if shareholders of Tyson Foods, Inc. receive consideration other than in shares of capital stock of the successor entity, such other consideration received by shareholders of Tyson Foods, Inc. or in cash, as the Committee may determine in its sole discretion.

Appears in 9 contracts

Samples: Stock Incentive Award Agreement (Tyson Foods, Inc.), Stock Incentive Award Agreement (Tyson Foods, Inc.), Stock Incentive Award Agreement (Tyson Foods, Inc.)

AutoNDA by SimpleDocs

On and After a Change in Control. If Tyson Foods, Inc. is the surviving entity, the Award will be settled in shares of Tyson Class A common stock. If the Award is settled on or after a Change in Control and Tyson Foods, Inc. is not the surviving entity, the Award will be settled either (i) in the number and class of shares of capital stock of the successor entity into which each outstanding share of Tyson Class A common stock has been converted pursuant to such Change in Control, unless the Committee determines in its sole discretion to settle the Award in cash; or (ii) if shareholders of Tyson Foods, Inc. receive consideration other than in shares of capital stock of the successor entity, such other consideration received by shareholders of Tyson Foods, Inc. or in cashcash , as the Committee may determine in its sole discretion.

Appears in 4 contracts

Samples: Stock Incentive Award Agreement (Tyson Foods, Inc.), Stock Incentive Award Agreement (Tyson Foods, Inc.), Stock Incentive Award Agreement (Tyson Foods Inc)

AutoNDA by SimpleDocs

On and After a Change in Control. If Tyson Foods, Inc. is the surviving entity, the vested portion of the Award will be settled as described in shares of Tyson Class A common stockSection 5.1. If the Award is settled on or after a Change in Control and Tyson Foods, Inc. is not the surviving entity, the vested portion of the Award will be settled either (i) in the number and class of shares of capital stock of the successor entity into which each outstanding share of Tyson Class A common stock has been converted pursuant to such Change in Control, unless the Committee determines in its sole discretion to settle the Award in cash; or (ii) if shareholders of Tyson Foods, Inc. receive consideration other than in shares of capital stock of the successor entity, such other consideration received by shareholders of Tyson Foods, Inc. or in cash, as the Committee may determine in its sole discretion.

Appears in 2 contracts

Samples: Stock Incentive Award Agreement (Tyson Foods, Inc.), Stock Incentive Award Agreement (Tyson Foods, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!