Stock Provision definition
Stock Provision means a plan, program or agreement provision that determines the value of PepsiCo Stock (as defined below) by reference to one or more prices for PepsiCo Stock on the New York Stock Exchange, Inc. (“NYSE”), including prices reported on the composite tape for securities listed on the NYSE, or that determines what is a trading day (for any rights that are limited to trading days) by reference to trading days of the NYSE.
Stock Provision means a provision in any one of the Plans that – (i) determines the value of PepsiCo Stock (as defined below) by reference to one or more prices for PepsiCo Stock on the NYSE, including prices reported on the composite tape for securities listed on the NYSE, (ii) determines what is a trading day (for any rights that are limited to trading days) by reference to trading days of the NYSE, or (iii) applies limitations with respect to any one of the Plans (or awards thereunder) based on rules, regulations or listing requirements adopted by the NYSE.
Examples of Stock Provision in a sentence
Other aspects of the Stock Provision, including the date(s) or time(s) as of which PepsiCo Stock is valued and whether value is determined based on one or more than one price, shall not be changed by this administrative rule.
Voluntary resignation Forfeit unvested shares Termination for Cause (as defined in the Employment Agreement between you and the Company dated June 30, 2017 (the “Employment Agreement”)) Forfeit unvested shares Event Restricted Stock Provision Involuntary termination without Cause Pro rata portion of shares eligible to vest on the next applicable vesting date (based upon the number of days elapsed since immediately preceding vesting date and a 365 day year) shall vest, all other unvested shares forfeited.