PERFORMANCE STOCK UNITS / LONG-TERM CASH AWARD TERMS AND CONDITIONSPerformance Stock • April 26th, 2022 • Pepsico Inc • Beverages • New York
These Terms and Conditions (including the country-specific terms set forth in the attached Addendum), along with the 2022 PepsiCo Annual Long-Term Incentive Award Summary provided to the Participant (the “Award Summary”), and signed by the individual named on the Award Summary (the “Participant”), shall constitute an agreement (this “Agreement”), effective as of the “grant date” indicated on the Award Summary (the “Grant Date”), by and between PepsiCo, Inc., a North Carolina corporation having its principal office at 700 Anderson Hill Road, Purchase, New York 10577 (“PepsiCo,” and with its divisions and direct and indirect subsidiaries, the “Company”), and the Participant.
