Tyson Foods 2015 Annual Report Download - page 112
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Please find page 112 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
by you in the performance of your services to Tyson, subject to and in accordance with applicable expense reimbursement and
relatedpoliciesandproceduresasineffectfromtimetotime.
(f)Review.Basesalary,performanceincentivecompensation,stockgrantlevels,andplanparticipationwillbe
subjecttoreviewannually(orfromtimetotimeatthediscretionoftheCLDC),whencompensationofotherofficersandmanagers
ofTysonarereviewedforconsiderationofadjustmentsthereof.
(g)Perquisites.During the Period ofEmployment, Tyson shall make available to you the use ofTyson-owned
assets, including use of Tyson aircraft for up to 50 hours annually, in a manner consistent with Tyson’s then existing policies;
providedthatyourpersonaluseofTyson-ownedassetsshallnotinterferewithTyson’suseofsuchassets.Aspartofsuchpersonal
useofTysonaircraft,youmaydesignatesuchnumberofadditionalpassengersonsuchaircraftasseatingpermits,andyouneednot
beoneofthepassengers.TotheextentallowedunderTysonpolicyorpractice,Tysonwillreimburseyouandgross-upanyandall
incometaxliability(includinginterestandpenalties)imposeduponyouinconnectionwiththereceiptoftheservicesandbenefits
setforthinthissectioninanamountsufficientsothattheservicesandbenefitswillbeprovidedwithoutreductionfortaxes.
3.Termination.Uponanyterminationofyouremploymentforanyreason,youshallimmediatelyresignfromallboards,
offices and other positions with Tyson or from any board or committee of an association or industry group where you represent
Tyson.ThedateuponwhichyouremploymentterminatesandthePeriodofEmploymentendswillbeyour“TerminationDate”for
allpurposesofthisAgreement.YouremploymentmaybeterminatedunderthisAgreementinthefollowingevents:
(a)Death.Youremploymenthereunderwillterminateuponyourdeath.
(b) Disability . Your employment hereunder will terminate upon your “Disability”. For purposes of this
Agreement,Disabilityhasthesamemeaningasprovidedinthelong-termdisabilityplanorpolicymaintainedor,ifapplicable,most
recentlymaintained,byTyson.Ifnolong-termdisabilityplanorpolicywasevermaintainedonbehalfofyouor,ifthedetermination
of Disability relates to an incentive stock option, Disability means that condition described in Section 22(e)(3) of the Internal
RevenueCode,asamended(the“Code),asamendedfromtimetotime.Intheeventof
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