Common use of Death or Total Disability Clause in Contracts

Death or Total Disability. If the Participant’s employment terminates by reason of death or Total Disability, then the target amount of the LTC Award set forth in the Award Summary shall become fully vested on the Participant’s last day of active employment with the Company (which, for purposes of Total Disability, means the effective date of Total Disability), and shall be paid as soon as practicable following the date of termination.

Appears in 15 contracts

Samples: Terms and Conditions (Pepsico Inc), Terms and Conditions (Pepsico Inc), Performance Stock (Pepsico Inc)

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Death or Total Disability. If the Participant’s employment terminates by reason of death or Total Disability, then the target amount number of the LTC Award PEPunits set forth in the Award Summary shall become fully vested on the Participant’s last day of active employment with the Company (which, for purposes of Total Disability, means the effective date of Total Disability), and shall be paid as soon as practicable following the date of termination.

Appears in 4 contracts

Samples: www.sec.gov, Terms and Conditions (Pepsico Inc), Terms and Conditions (Pepsico Inc)

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Death or Total Disability. If the Participant’s employment terminates by reason of the death or Total Disability, then the target amount number of the LTC Award PEPUnits set forth in the Award Summary shall become fully vested on the Participant’s last day of active employment with the Company (which, for purposes of Total Disability, means the effective date of Total Disability), and shall be paid as soon as practicable following the date of termination.

Appears in 1 contract

Samples: Terms and Conditions (Pepsico Inc)

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