Termination by Tyson without Cause. or by you for Good Reason, Voluntary Termination under the “5+1” Officer Separation Program, or Retirement. In the event of your Termination of Employment by your Employer other than for Cause, by you for Good Reason or Retirement, or through participation in the Officer Separation Program component of the Executive Severance Plan of Tyson Foods, Inc. before the Vesting Date, you shall vest in a pro rata portion of the Award if the applicable performance measures set forth in Section 4 are satisfied contingent upon your timely execution and non-revocation of a Release, except that such Release shall not be required in connection with Retirement. The pro rata portion of the Award shall by determined by multiplying the amount of the Award that you would have received had you remained employed until the Vesting Date by a fraction, the numerator of which is number of days during which you remained employed by your Employer from the Grant Date and the denominator of which is the total number of days in the Vesting Period. Notwithstanding the foregoing, if there is a Change in Control prior to the Final Measurement Date, payment of the Award will be based on performance at the level determined in accordance with the provisions of Section 3.4.
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Samples: Stock Incentive Award Agreement (Tyson Foods, Inc.), Stock Incentive Award Agreement (Tyson Foods, Inc.), Stock Incentive Award Agreement (Tyson Foods, Inc.)
Termination by Tyson without Cause. or by you for Good Reason, ; Voluntary Termination by you under the “5+1” Officer Separation Program, or Retirement. In the event of your Termination of Employment by your Employer other than for Cause, Cause or by you for Good Reason or Retirement, or through participation in the Officer Separation Program component of the Executive Severance Plan of Tyson Foods, Inc. before the Vesting Date, you shall vest in a pro rata portion of the Award if the applicable performance measures set forth in Section 4 are satisfied contingent upon your timely execution and non-revocation of a Release, except that but in no event later than sixty (60) days following such Release shall not be required in connection with RetirementTermination of Employment. The pro rata portion of the Award shall by determined by multiplying the amount of the Award that you would have received had you remained employed until the Vesting Date by a fraction, the numerator of which is number of days during which you remained employed by your Employer from the Grant Date and the denominator of which is the total number of days in the Vesting Period. Notwithstanding the foregoing, if there is a Change in Control prior to the Final Measurement Date, payment of the Award will be based on performance at the level determined in accordance with the provisions of Section 3.4.
Appears in 3 contracts
Samples: Stock Incentive Award Agreement (Tyson Foods, Inc.), Stock Incentive Award Agreement (Tyson Foods, Inc.), Stock Incentive Award Agreement (Tyson Foods, Inc.)
Termination by Tyson without Cause. or by you for Good Reason, ; Voluntary Termination by you under the “5+1” Officer Separation Program, or Retirement. In the event of your Termination of Employment by your Employer Tyson other than for Cause, Cause or by you for Good Reason or Retirement, or through participation in the Officer Separation Program component of the Executive Severance Plan of Tyson Foods, Inc. before the Vesting Date, you shall vest in will become entitled to a pro rata portion of the Award if the applicable 11-19-2018 PS1 5+1 OI 4 19PSOI51O performance measures set forth in Section 4 are satisfied contingent upon your timely execution and non-revocation of a Release, except that such Release shall not be required in connection with Retirement. The pro rata portion of the Award shall by determined by multiplying the amount of the Award that you would have received had you remained employed until the Vesting Date by a fraction, the numerator of which is number of days during which you remained employed by your Employer Tyson and/or its affiliates from the Grant Date and the denominator of which is the total number of days in the Vesting Period. Notwithstanding the foregoing, if there is a Change in Control prior to the Final Measurement Date, payment of the Award will be based on performance at the level determined in accordance with the provisions of Section 3.4.
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