Tyson Foods 2015 Annual Report Download - page 143
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Please find page 143 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
(e)ApplicableLaw. You acknowledge that this Agreement isperformable at various locations throughout the
UnitedStatesandspecificallyperformablewhollyorpartlywithintheStateofArkansasandconsenttothevalidity,interpretation,
performanceandenforcementofthisAgreementbeinggovernedbytheinternallawsofsaidStateofArkansas,withoutgivingeffect
totheconflictsoflawsprovisionsthereof.
(f) Jurisdiction and Venue of Disputes . The courts of Washington County, Arkansas shall have exclusive
jurisdictionandbethevenueofalldisputesbetweenTysonandyou,whethersuchdisputesarisefromthisAgreementorotherwise.
Inaddition,youexpresslywaiveanyrightthatyoumayhavetosueorbesuedinthecountyofyourresidenceandconsenttovenue
inWashingtonCounty,Arkansas.
(g)Funding.AllpaymentsprovidedunderthisAgreement,otherthanpaymentsmadepursuanttoaplanwhich
providesotherwise,shallbepaidfromthegeneralfundsofTyson,andnospecialorseparatefundshallbeestablished,andnoother
segregationofassetsmade, to assure payment. You shall have no right, titleorinterestwhatever in or to any investments which
Tyson may make to aid Tyson in meeting its obligations hereunder. To the extent that any person acquires a right to receive
paymentsfromTysonhereunder,suchrightshallbenogreaterthantherightofanunsecuredcreditorofTyson.
8.SpecialTaxConsiderations.
(a)TaxWithholding.Tysonshallprovideforthewithholdingofanytaxesrequiredtobewithheldbyfederal,state
andlocallawwithrespecttoanypaymentsincashand/orotherpropertymadebyoronbehalfofTysontoorforyourbenefitunder
thisAgreementorotherwise.
(b)ExciseTax.Notwithstandingtheforegoing,ifthetotalpaymentstobepaidtoyouunderthisAgreement,
alongwithanyotherpaymentstoyoubyTyson,wouldresultinyoubeingsubjecttotheexcisetaximposedbySection4999ofthe
Code (commonly referred to as the “Golden Parachute Tax”), Tyson shall reduce the aggregate payments to the largest amount
which can be paid to you without triggering the excise tax, but only if and to the extent that such reduction would result in you
retaining larger aggregate after-tax payments. The determination of the excise tax and the aggregate after-tax payments to be
receivedbyyouwillbemadebyTyson.Ifpayments
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