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 PEPunits 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 PEPunits shall remain subject to the earning and forfeiture provisions of Paragraphs A.2 and A.3.
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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 PEPunits PEPUnits 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 PEPunits PEPUnits shall remain subject to the earning and forfeiture provisions of Paragraphs A.2 and A.3.
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