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 Restricted Stock Units 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.
Appears in 2 contracts
Samples: Annual Long Term Incentive Award (Pepsico Inc), Restricted Stock Unit 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 Restricted Stock Units 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.
Appears in 1 contract
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 Restricted Stock Units 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 Restricted Stock Units shall remain subject to the earning and forfeiture provisions of Paragraphs B.2 and B.3.
Appears in 1 contract
Samples: Performance Based Long Term Incentive Award (Pepsico Inc)
