Transfers to a Related Entity. In the event the Participant transfers to a Related Entity and such transfer is arranged and approved by PepsiCo, the LTC Award shall continue to vest (and the time of payment shall be determined) after such transfer by treating the Participant’s employment with the Related Entity as employment with the Company for purposes of this Agreement. Any such LTC Award shall remain subject to the earning and forfeiture provisions of Paragraphs B.2 and B.3.
Appears in 5 contracts
Samples: Annual Long Term Incentive Award Agreement, Long Term Incentive Award Agreement (Pepsico Inc), Long Term Incentive Award Agreement (Pepsico Inc)
Transfers to a Related Entity. In the event the Participant transfers to a Related Entity and such transfer is arranged and approved by PepsiCo, the LTC Award shall continue to vest (and the time of payment shall be determined) after such transfer by treating the Participant’s employment with the Related Entity as employment with the Company for purposes of this Agreement. Any such LTC Award shall remain subject to the vesting, earning and forfeiture provisions of Paragraphs B.2 and B.3B.3 and shall be paid on the original LTC Payment Date.
Appears in 5 contracts
Samples: 2023 Pepsico Annual Long Term Incentive Award (Pepsico Inc), 2024 Pepsico Annual Long Term Incentive Award (Pepsico Inc), 2022 Pepsico Annual Long Term Incentive Award (Pepsico Inc)
Transfers to a Related Entity. In the event the Participant transfers to a Related Entity and such transfer is arranged and approved by PepsiCo, the LTC Award shall continue to vest (and the time of payment shall be determined) after such transfer by treating the Participant’s employment with the Related Entity as employment with the Company for purposes of this Agreement. Any such LTC Award shall remain subject to the earning and forfeiture provisions of Paragraphs B.2 and B.3B.3 and shall be paid on the original Payment Date.
Appears in 3 contracts
Samples: Pepsico Performance Stock Units / Long Term Cash Award (Pepsico Inc), Performance Stock Units / Long Term Cash Award Agreement (Pepsico Inc), Performance Stock Units / Long Term Cash Award Agreement (Pepsico Inc)
Transfers to a Related Entity. In the event the Participant transfers to a Related Entity and such transfer is arranged and approved by PepsiCo, the LTC Award shall continue to vest (and the time of payment shall be determined) after such transfer by treating the Participant’s employment with the Related Entity as employment with the Company for purposes of this Agreement. Any such LTC Award shall remain subject to the earning and forfeiture provisions of Paragraphs B.2 and B.3B.3 and shall be paid on the original LTC Payment Date.
Appears in 2 contracts
Samples: Performance Stock Units / Long Term Cash Award Agreement (Pepsico Inc), Performance Stock Units / Long Term Cash Award Agreement (Pepsico Inc)
