Common use of Termination by Tyson without Cause Clause in Contracts

Termination by Tyson without Cause. In the event of your Termination of Employment by Tyson for reasons other than for Cause before the Award is vested in full, contingent upon your timely execution and non-revocation of a Release, you shall vest in a pro rata portion of any unvested portion of the Award determined by multiplying the total number of granted option shares by a fraction, the numerator of which is the total number of days that you were employed by your Employer between the Grant Date and your Termination of Employment and the denominator of which is the total number of days over the entire Vesting Schedule, less the number of any option shares that had vested prior to the Termination of Employment.

Appears in 2 contracts

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

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Termination by Tyson without Cause. In the event of your Termination of Employment by Tyson for reasons other than for Cause before the Award is vested in full, contingent upon your timely execution and non-revocation of a ReleaseCause, you shall vest in a pro rata portion of any unvested portion of the Award, subject to your timely execution and non-revocation of a Release. The pro rata portion of the Award shall be determined by multiplying the total number of granted option restricted shares by a fraction, the numerator of which is the total number of days that you were employed by your Employer between the Grant Date and your Termination of Employment and the denominator of which is the total number of days over between the entire Grant Date and the final Vesting ScheduleDate, less the number of any option shares that had vested prior to the Termination of Employment.

Appears in 1 contract

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

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Termination by Tyson without Cause. In the event of your Termination of Employment by Tyson for reasons other than for Cause before the Award is vested in full, contingent upon your timely execution and non-revocation of a ReleaseCause, you shall vest will become vested in a pro rata portion of any unvested portion of the Award, subject to your timely execution and non-revocation of a Release. The pro rata portion of the Award shall be determined by multiplying the total number of granted option shares unvested Restricted Stock Unit by a fraction, the numerator of which is the total number of days that you were employed by your Employer Tyson between the Grant Date and your Termination of Employment and the denominator of which is the total number of days over between the entire Grant Date and the final Vesting ScheduleDate, less the number of any option shares that had vested prior to the Termination of Employment.

Appears in 1 contract

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

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