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 PSUs shall continue to vest (and their 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. All such PSUs shall remain subject to the vesting, earning and forfeiture provisions of Paragraphs A.2 and A.3 and shall be paid on the original PSU 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 PSUs shall continue to vest (and their 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. All such PSUs shall remain subject to the vesting, earning and forfeiture provisions of Paragraphs A.2 and A.3 and shall be paid on the original PSU 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 PSUs shall continue to vest (and their 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. All such PSUs shall remain subject to the vesting, earning and forfeiture provisions of Paragraphs A.2 and A.3 and shall be paid on the original PSU 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)
