Tyson Foods 2015 Annual Report Download - page 135
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Please find page 135 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 10.18
youatthattimehadormayhavehadagainstTyson(excludinganyclaimforindemnityunderthisAgreement,oranyclaimunder
state workers’ compensation or unemployment laws). The Release will be provided to you as soon as practical after your
Termination Date, but in any event in sufficient time so that you will have adequate time to review the Release as provided by
applicablelaw.TheReleasemustbesignedwithintwenty-one(21)daysofitspresentationtoyou(orwithinforty-five(45)daysif
youareterminatedaspartofagrouptermination).TheReleaseshallnotbecomeeffectiveuntilseven(7)daysafteritisexecuted.
TysonmaintainsaformofRelease,whichitmaychangefromtimetotimeasitdeemsappropriate.ThelatestversionoftheRelease
shall be available for your review upon request. Subject to the payment provisions of the Tyson Foods Severance Pay Plan for
Contracted Employees and Section 8 below, any payments subject to a Release shall commence on the first payroll period
commencingonorafterthedatetheReleasebecomeseffective.
5.AccelerationofStockGrantsonChangeinControl.UpontheoccurrenceofaChangeinControl(definedbelow)the
stockawardsthathavebeengrantedtoyoupursuanttoaward agreements from Tyson under Section 2, or which have otherwise
been previously granted to you under an award agreement from Tyson; and which awards remain outstanding at the time of the
ChangeinControl,willbetreatedinaccordancewiththeapplicableawardagreements.ForpurposesofthisAgreement,theterm
“Change in Control” shall have the same meaning as set forth in Tyson’s equity incentive compensation plan then in effect;
provided,however,thataChangeinControlshallnotincludeanyeventasaresultofwhichoneormoreofthefollowingpersonsor
entitiespossessorcontinuestopossess,immediatelyaftersuchevent,overfiftypercent(50%)ofthecombinedvotingpowerofthe
Companyor,ifapplicable,asuccessorentity:(a)TysonLimitedPartnership,oranysuccessorentity;(b)individualsrelatedtothe
lateDonaldJohnTysonbyblood,marriageoradoption,ortheestateofanysuchindividual(includingDonaldJohnTyson’s);or(c)
anyentity(including,butnotlimitedto,apartnership,corporation,trustorlimitedliabilitycompany)inwhichoneormoreofthe
entities,individualsorestatesdescribedinclauses(a)and(b)hereofpossessoverfiftypercent(50%)ofthecombinedvotingpower
orbeneficialinterestsofsuchentity.Notwithstandingtheforegoing,thisSection5shallnotaffectthetimeorformofpaymentunder
anapplicableawardagreement,andallawardsshallbepaidatthetime,andintheform,providedunderthetermsofsuchaward
agreement. The Committee (as defined in Tyson’s equity incentive plan) shall have the sole discretion to interpret the foregoing
provisionsofthisparagraph.
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