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 continue to vest and to become exercisable after such transfer and shall remain outstanding and be exercisable in accordance with this Agreement by treating the Participant’s employment with the Related Entity as employment with the Company for purposes of this Agreement.
Appears in 4 contracts
Samples: Stock Option Agreement (Pepsico Inc), Performance Based Long Term Incentive Award (Pepsico Inc), Stock Option Agreement (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 and such transfer is arranged and approved by PepsiCo, the Options shall continue to vest and to become exercisable after such transfer and shall remain outstanding and be exercisable in accordance with this Agreement by treating the Participant’s employment with the Related Entity as employment with the Company for purposes of this Agreement.
Appears in 2 contracts
Samples: 2023 Pepsico Annual Long Term Incentive Award (Pepsico Inc), 2021 Pepsico Annual Long Term Incentive Award (Pepsico Inc)
