Tyson Foods 2015 Annual Report Download - page 115
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Please find page 115 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
(b) Termination by Tyson without Cause or by you for Good Reason . In the event that your employment is
terminatedbyTysonforreasonsotherthandeath,DisabilityorCause,orbyyouforGoodReason,Tysonshallpaythefollowing
amountstoyou:
(i)AccruedCompensation;
(ii)PlanBenefits;
(iii)SubjecttoyourexecutionoftheRelease(asdefinedbelow),youwillbecomevestedinaprorataportionofany
of your unvested restricted stock awards that are outstanding on your Termination Date
providedtheapplicableperformancecriteria,ifany,aremet.Suchprorataportionshallbe
equal to the percentage of the total vesting period, measured in days, in which you
remained employed by Tyson and/or its affiliates multiplied by the number of shares
subjecttotheaward;
(iv)SubjecttoyourexecutionoftheRelease(asdefinedbelow),youwillbecomefullyvestedinanyofyourunvested
stockoptionsthatareoutstandingontheTerminationDate;
(v)SubjecttoyourexecutionoftheRelease(asdefinedbelow),youwillbecomeentitledtoaprorataportionofany
performance share awards that are outstanding on the Termination Date provided the
applicableperformancecriteriaaremet.Theprorataportionofyourawardshallequalthe
percentage of the total performance period, measured in days, in which you remained
employedbyTysonmultipliedbythepercentageoftheawardthatyouwouldhavereceived
had you remained employed for the entire performance period. Any award subject to this
subsection(v)shallnotbepaiduntilsuchtimeasitwouldhaveotherwisebeenpaidunder
thetermsoftheawardandwillonlybepaidiftheperformancecriteriaaremet;and
(vi)SubjecttoyourexecutionoftheRelease(asdefinedbelow),anamountequalto,andontermsequalto,yourbase
salaryforaperiodof36months aftertheTerminationDate,andotherwise subject tothe
TysonFoodsSeverancePayPlanforContractedEmployees,or,intheeventofaChangeof
Control(defined
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