Common use of Payment of Award Clause in Contracts

Payment of Award. The Performance Shares that may become payable pursuant to this Award Agreement shall be based upon the highest performance determined in accordance with the provisions of Section 4 or, in the event of a Change in Control prior to the Final Measurement Date, based on performance at the level determined in accordance with the provisions of Section 3.4. In other words, the attainment of multiple performance measures under this Award Agreement will not result in the payment of a cumulative number of Performance Shares for each performance measure achieved. Payment of the Award, to the extent earned, shall be made as follows:

Appears in 26 contracts

Samples: Stock Incentive Award Agreement (Tyson Foods, Inc.), Incentive Plan Stock Incentive Award Agreement (Tyson Foods, Inc.), Stock Incentive Plan Stock Incentive Award Agreement (Tyson Foods, Inc.)

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