Transfers to a Related Entity. In the event the Participant transfers to a Related Entity (as defined below), as a result of actions by PepsiCo, the Options shall become fully vested on the date of such transfer and shall become exercisable as soon as practicable thereafter and shall otherwise remain outstanding and be exercisable in accordance with this Agreement.
Appears in 8 contracts
Samples: Stock Units Terms and Conditions (Pepsico Inc), Pepsico Stock Option Retention Award (Pepsico Inc), Pepsico Annual Long (Pepsico Inc)
Transfers to a Related Entity. In the event the Participant transfers to a Related Entity (as defined below), as a result of actions by PepsiCo, the Options shall become fully vested and exercisable on the date of such transfer and shall become exercisable as soon as practicable thereafter and shall otherwise remain outstanding and be exercisable in accordance with this Agreement.
Appears in 6 contracts
Samples: Stock Units Terms and Conditions (Pepsico Inc), Term Incentive Award (Pepsico Inc), Pepsico Annual Long Term Incentive Award (Pepsico Inc)
Transfers to a Related Entity. In the event the Participant Optionee transfers to a Related Entity (as defined below), as a result of actions by PepsiCo, the Options shall become fully vested and exercisable on the date of such transfer and shall become exercisable as soon as practicable thereafter and shall otherwise remain outstanding and be exercisable in accordance with this Agreement.
Appears in 1 contract
