Common use of Vesting and Forfeiture Clause in Contracts

Vesting and Forfeiture. Any Award which has become payable pursuant to the performance measures set forth in Section 4 shall be considered as fully earned by you, subject to the further provisions of this Section 3. Notwithstanding any other provision of this Award Agreement to the contrary, any Award will be forfeited back to Tyson in the event of: (i) your Termination of Employment before the Vesting Date, except as otherwise provided in Sections 3.2 through 3.4, or (ii) the failure to satisfy any of the performance measures provided in Section 4.

Appears in 24 contracts

Samples: Stock Incentive Award Agreement (Tyson Foods, Inc.), Stock Incentive Award Agreement (Tyson Foods, Inc.), Stock Incentive Award Agreement (Tyson Foods, Inc.)

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Vesting and Forfeiture. Any Award which has become payable pursuant to the performance measures measure and benchmarks set forth in Section 4 below shall be considered as fully earned by you, subject to the further provisions of this Section 3. Notwithstanding any other provision Any Award which does not become payable in accordance with the performance measure and benchmarks or the provisions of this Award Agreement to the contrary, any Award will be forfeited back to Tyson in the event Section 3 on account of: (i) your Termination of Employment with Tyson and/or its affiliates before the Vesting Date, except as otherwise provided in Sections 3.2 through 3.4, Date or (ii) the failure to satisfy any of the performance measures measure and benchmarks provided in Section 4below, will be forfeited back to Tyson.

Appears in 2 contracts

Samples: Stock Incentive Award Agreement (Tyson Foods Inc), Stock Incentive Award Agreement (Tyson Foods Inc)

Vesting and Forfeiture. Any The Award which has become payable becomes vested pursuant to the performance measures set forth in Section 4 shall be considered as fully earned by you, subject to the further provisions of this Section 3. Notwithstanding any other provision of this Award Agreement to the contrary, any Award will be forfeited back to Tyson in the event of: (i) your Termination of Employment before the Vesting Date, except as otherwise provided in Sections 3.2 through 3.4, or (ii) the failure to satisfy any of the performance measures provided in Section 4. The events described in Sections 3.2 through 3.4 are referred to herein as “Vesting Events.

Appears in 2 contracts

Samples: Stock Incentive Award Agreement (Tyson Foods Inc), Stock Incentive Award Agreement (Tyson Foods Inc)

Vesting and Forfeiture. Any Award Those Awards which has have become payable pursuant to the performance measures criteria and benchmarks set forth in Section 4 below shall be considered as fully earned by you, subject to the further provisions of this Section 3. Notwithstanding any other provision Any Awards which do not become payable in accordance with the performance criteria and benchmarks or the provisions of this Award Agreement to the contrary, any Award will be forfeited back to Tyson in the event Section 3 on account of: (i) your Termination of Employment with Tyson and/or its affiliates before the Vesting Date, except as otherwise provided in Sections 3.2 through 3.4, Date or (ii) the failure to satisfy any of the performance measures criteria and benchmarks provided in Section 4below, will be forfeited back to Tyson.

Appears in 2 contracts

Samples: Stock Incentive Award Agreement (Tyson Foods Inc), Stock Incentive Award Agreement (Tyson Foods Inc)

Vesting and Forfeiture. Any Award Those Awards which has have become payable pursuant to the performance measures criteria and benchmarks set forth in Section 4 below shall be considered as fully earned by you, subject to the further provisions of this Section 3. Notwithstanding any other provision Any Awards which do not become payable in accordance with the performance criteria and benchmarks or the provisions of this Award Agreement to the contrary, any Award will be forfeited back to Tyson in the event Section 3 on account of: (i) your Termination of Employment with Tyson and/or its affiliates before the Vesting Date, except as otherwise provided in Sections 3.2 through 3.4, Final Measurement Date or (ii) the failure to satisfy any of the performance measures criteria and benchmarks provided in Section 4below, will be forfeited back to Tyson.

Appears in 2 contracts

Samples: Stock Incentive Agreement (Tyson Foods Inc), Stock Incentive Agreement (Tyson Foods Inc)

Vesting and Forfeiture. Any The Award which has become payable pursuant to the performance measures measure and benchmarks set forth in Section 4 below shall be considered as fully earned by you, subject to the further provisions of this Section 3. Notwithstanding any other provision Any Award which does not become payable in accordance with the performance measure and benchmarks or the provisions of this Award Agreement to the contrary, any Award will be forfeited back to Tyson in the event Section 3 on account of: (i) your Termination of Employment with Tyson and/or its affiliates before the Vesting Date, except as otherwise provided in Sections 3.2 through 3.4, Date or (ii) the failure to satisfy any of the performance measures measure or benchmarks provided in Section 4below, will be forfeited back to Tyson.

Appears in 2 contracts

Samples: Stock Incentive Award Agreement (Tyson Foods Inc), Stock Incentive Award Agreement (Tyson Foods Inc)

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Vesting and Forfeiture. Any The Award which has become payable shall vest pursuant to the performance measures set forth in Section 4 and shall be considered as fully earned by youyou on the Vesting Date, subject to the further provisions of this Section 3. Notwithstanding any other provision of this Award Agreement to the contrary, any Award will be forfeited back to Tyson in the event of: (i) your Termination of Employment before the Vesting Date, except as otherwise provided in Sections 3.2 through 3.4, or (ii) the failure to satisfy any of the performance measures provided in Section 4. The events described in Sections 3.2 through 3.4 are referred to herein as “Vesting Events.

Appears in 1 contract

Samples: Stock Incentive Award Agreement (Tyson Foods, Inc.)

Vesting and Forfeiture. Any The Award which has become payable becomes vested pursuant to the performance measures criteria and benchmarks set forth in Section 4 below shall be considered as fully earned by you, subject to the further provisions of this Section 3. Notwithstanding any other provision Any Award which does not become vested in accordance with the performance criteria and benchmarks or the provisions of this Award Agreement to the contrary, any Award will be forfeited back to Tyson in the event Section 3 on account of: (i) your Termination of Employment with Tyson and/or its affiliates before the Vesting Date, except as otherwise provided in Sections 3.2 through 3.4, Date or (ii) the failure to satisfy any of the performance measures criteria and benchmarks provided in Section 4below, will be forfeited back to Tyson.

Appears in 1 contract

Samples: Stock Incentive Award Agreement (Tyson Foods Inc)

Vesting and Forfeiture. Any The Award which has become payable shall vest pursuant to the performance measures set forth in Section 4 shall be considered as fully earned by youyou on the Vesting Date, subject to the further provisions of this Section 3. Notwithstanding any other provision of this Award Agreement to the contrary, any Award will be forfeited back to Tyson in the event of: (i) your Termination of Employment before the Vesting Date, except as otherwise provided in Sections 3.2 through 3.4, or (ii) the failure to satisfy any of the performance measures provided in Section 4. The events described in Sections 3.2 through 3.4 are referred to herein as “Vesting Events.

Appears in 1 contract

Samples: Stock Incentive Award Agreement (Tyson Foods, Inc.)

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