Examples of LTI Award Agreement in a sentence
Capitalized terms used and not defined in this Section 19 have the meanings given to such terms in the Cash LTI Award Agreement.
These awards will vest on the third anniversary of the grant date, subject to the recipient’s continued employment through such date and the level of performance attained with respect to the applicable performance metrics.The above description of the form of LTI Award Agreement is qualified in its entirety by reference to the Form of Annual Long-Term Incentive AwardAgreement, attached hereto as Exhibit 10.1, and the PepsiCo, Inc.
This Agreement, together with Sections 6, 7, 8, 9 and 10 of the Employment Agreement, the 2018 PSU Award Agreement, the 2019 PSU Award Agreement, the LTI Award Agreement, and the Letter Agreement constitutes the entire understanding between you and the Company with respect to the subject matter hereof.
Upon your Retirement, your then-outstanding and unvested RSUs will remain outstanding and will continue to vest and be paid to you in accordance with the terms of the applicable LTI Award Agreement.
Upon your Separation, any then-outstanding and unvested New RSUs will remain outstanding and will continue to vest and be paid to you in accordance with the terms of the applicable LTI Award Agreement.
The above description of the form of LTI Award Agreement is qualified in its entirety by reference to the Form of Annual Long-Term Incentive Award Agreement, attached hereto as Exhibit 10.1, and the PepsiCo, Inc.
Upon your Separation, your then-outstanding and unvested RSUs will remain outstanding and will continue to vest and be paid to you in accordance with the terms of the applicable LTI Award Agreement.
This award of Performance Units (this “Award”) is subject to the terms and conditions set forth herein as well as the terms and conditions set forth in the LTI Award Agreement attached hereto as E xhibit A (the “Agreement”) and in the Plan, each of which is incorporated herein by reference.
Capitalized terms used and not defined in this Section 18 have the meanings given to such terms in the Cash LTI Award Agreement.
In the event your employment with the Company terminates before the end of the Program Cycle, your RSUs and PSUs will be treated as follows: [Name of Participant] LTI Award Agreement Dated as of January 1, 2018 Page 2 of 5 {N3540571.1} Death or Permanent Disability (as defined below) RSUs: All unvested RSUs will vest in full.PSUs: PSUs for years in which the participant was an employee will vest based on actual performance.