Tyson Foods 2015 Annual Report Download - page 109
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Please find page 109 of the 2015 Tyson Foods annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Exhibit 10.17
EMPLOYMENTAGREEMENT
ThisEmploymentAgreement(the“Agreement”),effectivethe19thdayofNovember,2015(the“EffectiveDate”),byand
betweenTysonFoods,Inc.,aDelawarecorporation,andanyofitssubsidiariesandaffiliates(hereinaftercollectivelyreferredtoas
“Tyson”),andDonaldJ.SmithPN7727(hereinafterreferredtoas“you”).
WITNESSETH:
WHEREAS,Tysonisengagedinaverycompetitivebusiness,wherethedevelopmentandretentionofextensiveconfidential
information,tradesecretsandproprietaryinformationaswellascustomerrelationshipsandgoodwillarecriticaltofuturebusiness
success;
WHEREAS,byvirtueofyouremploymentwithTyson,youareinvolvedinthedevelopmentof,andhaveaccessto,Tyson’s
confidentialinformation,tradesecretsandproprietaryinformation,and,ifsuchinformationweretogetintothehandsofcompetitors
ofTyson,itcoulddosubstantialbusinessharmtoTyson;
WHEREAS, you will not be provided with or given access to Tyson’s customers and goodwill or Tyson’s confidential
information,tradesecretsandproprietaryinformationunlessyouexecutethisAgreement;
WHEREAS,youandTysonpreviouslyenteredintoanemploymentagreementwhichbecameeffectiveNovember14,2012
andwasextendedbyamendmentdatedNovember 11, 2015 (as extended, the “2012 Agreement”), wherebyyouprovidedcertain
servicestotheCompany;
WHEREAS,youandTysondesiretoenterintoanewemploymentagreementandtoterminatethe2012Agreement;and
WHEREAS, Tyson has advised youthat agreement to the terms ofthis Agreement, and specifically the non-compete and
non-solicitationsections,isanintegralpartofthisAgreement,andyouacknowledgetheimportanceofthenon-competeandnon-
solicitationsections,andhavingreviewedtheAgreementasawhole,arewillingtocommittotherestrictionssetforthherein;
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