Tyson Foods 2014 Annual Report Download - page 153

2. Compensation .
(a)
Initial Consideration
. You shall receive, in addition to all regular compensation for services as
described in this Section 2 and the severance and benefits provided under Section 4 and Section 5, $ 115,522.00
as
additional consideration for signing this Agreement and for agreeing to abide and be bound by the terms, provisions
and restrictions of Section 6. You understand and acknowledge that you have been properly and timely informed of the
type, amount and terms of such consideration and that you would not be entitled to such consideration, and that such
consideration would not be paid, if you did not execute and agree to be bound by the provisions of this Agreement.
(b)
Base Salary
. For the services to be performed hereunder during the Period of Employment, Tyson
shall pay you at a base salary of $ 582,400.00
, which may be adjusted by Tyson from time to time within the range
paid to other employees in your Band. Such base salary shall be paid in accordance with Tyson’s payroll practice.
(c)
Performance Incentive Eligibility . You may receive performance incentive awards under Tyson’
s
annual and long-
term incentive plans then in effect (if any), on terms and in amounts consistent with those provided to
other employees in your Band, subject to the discretion of the senior management of Tyson.
(d)
Stock Grants
. You may receive stock awards under an equity incentive compensation plan of
Tyson then in effect (if any), on terms and in amounts consistent with those provided to other employees in your Band,
subject to the discretion of the senior management of Tyson.
(e)
Benefit Plans, Vacation and Reimbursement Programs
. You shall be entitled to participate in any
benefit plans of Tyson as adopted or amended from time to time on terms and in amounts consistent with those
generally applicable to other employees in your Band. You will be entitled to an annual paid vacation in accordance
with Tyson’
s applicable vacation policy, as in effect from time to time. Tyson will pay or reimburse you for all
reasonable expenses actually incurred or paid by you in the performance of your services to Tyson, subject to and in
accordance with applicable expense reimbursement and related policies and procedures as in effect from time to time.
(f)
Review
. Base salary, performance incentive compensation, stock grant levels, and plan
participation will be subject to review annually (or from time to time at Tyson’s discretion),
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