Common use of Vesting Schedule and Forfeiture Clause in Contracts

Vesting Schedule and Forfeiture. The Award shall vest pursuant to the Vesting Schedule set forth on the cover page of this Award Agreement and shall be considered as fully earned by you in one-third increments on each of the Vesting Dates, subject to the further provisions of this Section 4. Notwithstanding any other provision of this Award Agreement to the contrary, any unvested portion of the Award will be forfeited back to Tyson in the event of your Termination of Employment before the applicable Vesting Date(s), except as otherwise provided in Sections 4.2 through 4.5. The events described in Sections 4.2 through 4.5 are referred to herein as “Vesting Events.”

Appears in 2 contracts

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

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Vesting Schedule and Forfeiture. The Award shall vest pursuant to the Vesting Schedule set forth on the cover page of this Award Agreement and shall be considered as fully earned by you in one-third half increments on each of the Vesting Dates, subject to the further provisions of this Section 43. Notwithstanding any other provision of this Award Agreement to the contrary, any unvested portion of the Award will be forfeited back to Tyson in the event of your Termination of Employment before the applicable Vesting Date(s), except as otherwise provided in Sections 4.2 3.2 through 4.53.5. The events described in Sections 4.2 3.2 through 4.5 3.5 are referred to herein as “Vesting Events.”

Appears in 1 contract

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

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Vesting Schedule and Forfeiture. The Award shall vest pursuant to the Vesting Schedule set forth on the cover page of this Award Agreement and shall be considered as fully earned by you in one-third increments on each of the Vesting Dates, subject to the further provisions of this Section 43. Notwithstanding any other provision of this Award Agreement to the contrary, any unvested portion of the Award will be forfeited back to Tyson in the event of your Termination of Employment before the applicable Vesting Date(s), except as otherwise provided in Sections 4.2 3.2 through 4.53.4. The events described in Sections 4.2 3.2 through 4.5 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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