Tyson Foods 2015 Annual Report Download - page 152
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Please find page 152 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 10.19
4.CompensationFollowingTerminationofEmployment.Intheeventthatyouremploymenthereunderisterminatedina
mannerassetforthinSection3above,youshallbeentitledtothecompensationandbenefitsprovidedunderthisSection4.
(a)TerminationDuetoDeath,Disability,VoluntaryTerminationwithoutGoodReasonorTerminationforCause
byTyson . Intheeventthatyouremploymentisterminatedbyreasonofdeath,Disability,voluntaryterminationbyyouwithout
GoodReasonorforCausebyTyson,Tysonshallpaythefollowingamountstoyouoryourestate:
(i) Any accrued but unpaid base salary for services rendered to the Termination Date, any accrued but
unpaid expenses required to be reimbursed under this Agreement, and any vacation accrued to the
TerminationDate(“AccruedCompensation”);and
(ii) Any benefits accrued through the date of termination to which you may be entitled pursuant to the
plans,policiesandarrangements,asdeterminedandpaidinaccordancewiththetermsofsuchplans,
policiesandarrangements(“PlanBenefits”).
(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) Subject to your execution of the Release (as defined below), you will become vested in a pro rata
portionofanyofyourunvestedrestrictedstockawardsthatareoutstandingonyourTerminationDate
providedtheapplicableperformancecriteria,ifany,aremet.Suchprorataportionshallbeequaltothe
percentageofthetotalvestingperiod,measuredindays,inwhichyouremainedemployedbyTyson
multipliedbythenumberofsharessubjecttotheaward.Anyawardsubjecttothissubsection(iii)shall
notbepaiduntilsuchtimeasit
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