Document:

Exhibit

Exhibit 10.7

TYSON FOODS, INC. 2000 STOCK INCENTIVE PLAN
STOCK OPTIONS INCENTIVE AWARD AGREEMENT (NON-CONTRACT)
	
		
	Team Member:
	 

	 
	Name

	 
	Address 1

	 
	Address 2

	 
	City, State  Zip

	Personnel Number:
	__________

	Award:
	Option to Purchase ________ Shares

	Grant Date:
	November 28, 2016

	Exercise Price:
	$_____

	Term:
	Earlier of (i) ten (10) years; or (ii) dates set forth in Section 3

	Type of Option:
	Non-Qualified

	Vesting Schedule:
	 

	
		
	Vesting Date
	Percent of Award Vested

	11-28-2017
11-28-2018
11-28-2019
	33 1/3 %
33 1/3 %
33 1/3 %

Exhibit 10.7

This Award is granted on the Grant Date by Tyson Foods, Inc., a Delaware corporation (“Tyson”), to the Team Member (hereinafter referred to as “you”) identified on the cover page of this Award Agreement.
		
	1.
	Terms and Conditions.  The Award (as provided on the cover page) is subject to all the terms and conditions of the Tyson Foods, Inc. 2000 Stock Incentive Plan (the “Plan”).  Unless otherwise defined herein, all capitalized terms in this Stock Options Incentive Award Agreement (the “Award Agreement”) shall have the meaning stated in the Plan. Please see the Plan document for more information on these terms and conditions. A copy of the Plan is available upon request.

		
	2.
	Vesting.  

		
	2.1.
	Vesting Schedule and Forfeiture. The Award which becomes vested pursuant to the Vesting Schedule shall be considered as fully earned and exercisable by you, subject to the further provisions of this Section 2. Any Awards which do not become vested in accordance with the Vesting Schedule as of your Termination of Employment with Tyson and/or its affiliates or the provisions of this Section 2 will be forfeited back to Tyson.  

		
	2.2.
	Death, Disability or Retirement.  In the event your employment is terminated due to death, Disability or, subject to your timely execution and non-revocation of a Release, Retirement, you will be fully vested in your Award.  For purposes of this Award Agreement, “Retirement” shall mean your voluntary Termination of Employment without Cause from Tyson and/or its affiliates on or after the later of the first anniversary of the Grant Date or the date you attain age 62.

		
	2.3.
	Termination by Tyson without Cause.  In the event your employment is terminated by Tyson for reasons other than death, Disability, Retirement, or Cause, subject to your timely execution and non-revocation of a Release, you will receive the percentage of your Award relative to the date your employment is terminated, as provided in the Vesting Schedule on the cover page.  If your employment is terminated pursuant to this paragraph and your termination of employment occurs on or after the later of the first anniversary of the Grant Date or the date you attain age 62, subject to your timely execution and non-revocation of a Release, you will be fully vested in your Award.

		
	2.4.
	Change in Control.  Upon a Change in Control, all unvested options shall become fully vested on the earlier of: (i) the date you are involuntarily terminated without cause or (ii) sixty (60) days after the Change in Control.  For purposes of this Award Agreement, the term “Change in Control” shall not include any event as a result of which one or more of the following persons or entities possess or continues to possess, immediately after such event, over fifty percent (50%) of the combined voting power of the Company or, if applicable, a successor entity: (a) Tyson Limited Partnership, or any successor entity; (b) individuals related to the late Donald John Tyson by blood, marriage or adoption, or the estate of any such individual (including Donald John Tyson’s); or (c) any entity (including, but not limited to, a partnership, corporation, trust or limited liability company) in which one or more of the entities, individuals or estates described in clauses (a) and (b) hereof possess over fifty percent (50%) of the combined voting power or beneficial interests of such entity.  

		
	2.5.
	Definitions.  For purposes of this Award Agreement, “Cause,” “Disability,” and “Release” shall have the meanings as set forth below:

(i)    “Cause” is defined as a termination as a result of the occurrence of one or more of the following events:
(a)    any willful and wrongful conduct or omission by you that injures Tyson;
(b)    any act by you of intentional misrepresentation or embezzlement, misappropriation or conversion of assets of Tyson;
(c)    you are convicted of, confess to, plead no contest to, or become the subject of proceedings that provide a reasonable basis for Tyson to believe that you have been engaged in a felony; or
(d)    your intentional or willful violation of any other agreement to which you are a party with Tyson.

2

Exhibit 10.7

For purposes of this Award Agreement an act or failure to act shall be considered “willful” only if done or omitted to be done without your good faith reasonable belief that such act or failure to act was in the best interests of Tyson.  In no event shall Tyson’s failure to notify you of the occurrence of any event constituting Cause, or to terminate you as a result of such event, be construed as a consent to the occurrence of future events, whether or not similar to the initial occurrence, or a waiver of Tyson’s right to terminate you for Cause as a result thereof.
(ii)    “Disability” shall have the same meaning as provided in the long-term disability plan or policy maintained or, if applicable, most recently maintained, by Tyson.  If no long-term disability plan or policy was ever maintained on behalf of you or, if the determination of Disability relates to an incentive stock option, Disability means that condition described in Section 22(e)(3) of the Internal Revenue Code (the “Code”), as amended from time to time.  In the event of a dispute, the determination of Disability will be made by the Committee (as defined in Tyson’s equity incentive plan) and will be supported by advice of a physician competent in the area to which such Disability relates.

(ii)    “Release” shall mean that specific document which Tyson shall present to you for consideration and execution after your termination of employment, under which you agree to irrevocably and unconditionally release and forever discharge Tyson, its subsidiaries, affiliates and related parties from any and all claims and causes of action which you at that time had or may have had against Tyson (excluding any claim under state workers’ compensation or unemployment laws).  The Release will be provided to you as soon as practical after your termination date, but in any event in sufficient time so that you will have adequate time to review the Release as provided by applicable law.
		
	3.
	Time of Exercise of Award.  Your Award will be exercisable upon the Vesting Dates set forth in Section 2.  In the event of your Termination of Employment, your vested options shall no longer remain exercisable, except as follows:

		
	3.1.
	Termination of Employment.  Except as provided in Section 3.2, in the event of your Termination of Employment, your vested Award will remain exercisable for a period of three months from the Termination of Employment, but not longer than 10 years from the Grant Date.

		
	3.2.
	Death, Disability or Retirement. In the event your Termination of Employment is due to death, Disability or Retirement, your vested Award will remain exercisable by you, or your Beneficiary in the case of your death, for a period of 12 months, but not longer than 10 years from the Grant Date.  

		
	4.
	Manner of Exercise of Award.  Your Award may be exercised through any of the following methods as provided under the Plan:

		
	4.1.
	Cash of not less than the product of the Exercise Price multiplied by the number of shares to be purchased on exercise, plus the amount of any required tax withholding;

		
	4.2.
	Delivery to Tyson of the number of shares owned at least six (6) months at the time of exercise having a fair market value of not less than the product of the Exercise Price multiplied by the number of shares to be purchased on exercise, plus the amount of any required tax withholding;

		
	4.3.
	Cashless exercise through a broker designated by Tyson, which shall account for, and include, any required tax withholding but not to exceed the required minimum statutory withholding; 

		
	4.4.
	Withholding of the number of shares having a fair market value of not less than the product of the Exercise Price multiplied by the number of shares to be purchased on exercise, plus the amount of any required tax withholding but not to exceed the required minimum statutory withholding; or

		
	4.5.
	Unless your Award is no longer exercisable under the terms of Section 3 above, by accepting the terms herein you consent to have the options automatically exercise, using any of the above methods at Tyson’s sole discretion, either at the end of the period defined in Section 3.1 or Section 3.2, as applicable, or on the 10th anniversary of the Grant Date (or, if the 10th anniversary of the Grant Date is not a business day, the business day immediately preceding the 10th anniversary of the Grant Date), if the price per share of Tyson stock at the time of exercise is greater than the Exercise Price.

3

Exhibit 10.7

		
	5.
	Withholding Taxes. By accepting this Award, you acknowledge and agree that you are responsible for all applicable income and other taxes from any Award, including federal, FICA, state and local taxes applicable in your country of residence or employment.  Tyson shall withhold taxes by any manner acceptable under the terms of the Plan, but not to exceed the required minimum statutory withholding.

		
	6.
	Beneficiary Designation.  In accordance with the terms of the Plan, you may name a Beneficiary who may exercise your Award under this Award Agreement in case of your death before you receive any or all of your Award.  Each Beneficiary designation shall revoke all prior designations, shall be in a form prescribed by the Committee, and shall be effective only when filed in writing with the Committee during your lifetime.

		
	7.
	Right of the Committee.  The Committee is authorized to administer, construe, and make all determinations necessary or appropriate to the administration of the Plan and this Award Agreement, all of which shall be binding.

		
	8.
	Severability. In the event that any one or more of the provisions or a portion thereof contained in this Award Agreement shall for any reason be held to be invalid, illegal, or unenforceable in any respect, the same shall not invalidate or otherwise affect any other provisions of this Award Agreement, and this Award Agreement shall be construed as if the invalid, illegal or unenforceable provision or portion thereof had never been contained herein.

		
	9.
	Entire Agreement. Subject to the terms and conditions of the Plan, this Award Agreement expresses the entire understanding and agreement of Tyson and you with respect to the subject matter. In the event of any conflict between the provisions of the Plan and the terms of this Award Agreement, the provisions of the Plan will control unless this Award Agreement explicitly states that an exception to the Plan is being made. The Award has been made pursuant to the Plan and an administrative record is maintained by the Committee.

		
	10.
	Restrictions on Transfer of Award.  Any disposition of the Award or any portion thereof shall be a violation of the terms of this Award Agreement and shall be void and without effect; provided, however, that this provision shall not preclude a transfer as otherwise permitted by the Plan.

		
	11.
	Headings. Paragraph headings used herein are for convenience of reference only and shall not be considered in construing this Award Agreement.

		
	12.
	Specific Performance. In the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this Award Agreement, the party or parties who are thereby aggrieved shall have the right to specific performance and an injunction in addition to any and all other rights and remedies at law or in equity, and all such rights and remedies shall be cumulative.

		
	13.
	No Vested Right in Future Awards.  You acknowledge and agree that the granting of the Award under this Award Agreement is made on a fully discretionary basis by Tyson and that this Award Agreement does not lead to a vested right to further Awards in the future.  Further, the Award set forth in this Award Agreement constitutes a non-recurrent benefit and the terms of this Award Agreement are applicable only to the Award granted pursuant to this Award Agreement.

		
	14.
	No Right to Continued Employment.  You acknowledge and agree (through electronic acknowledgment and acceptance of this Award Agreement) that neither the adoption of the Plan nor the granting of any Award shall confer any right to continued employment with Tyson, nor shall it interfere in any way with Tyson’s right to terminate your employment at any time for any reason. 

		
	15.
	Governing Law.  The Plan, this Award Agreement and all determinations made and actions taken pursuant to the Plan or Award Agreement shall be governed by the laws of the State of Arkansas, without giving effect to the conflict of laws principles thereof.

		
	16.
	Successors and Assigns.  This Award Agreement shall inure to the benefit of and be binding upon each successor and assign of Tyson.  All obligations imposed upon you, and all rights granted to Tyson hereunder, shall be binding upon your heirs, successors and administrators.

*  *  *

4

Exhibit 10.7

	
		
	

TYSON FOODS, INC.

By:/s/ Donnie Smith
________________________
	 

	Title:  CEO
	 

	 
	 

5Exhibit 10.119

 Exhibit 10.119 

February 6, 2017 
 T. Boone Pickens 

8117 Preston Road, Suite 260W 
 Dallas, Texas 75225 

 

	Re:	Notes Purchase 

 Mr. Pickens: 

This agreement confirms the terms and conditions under which Clean Energy Fuels Corp. (the “Company”) agrees to
purchase from T. Boone Pickens (the “Holder”) the 7.5% Convertible Note due 2018 having an outstanding principal amount of $25,000,000.00 issued by the Company and held by the Holder
(the “Note”), for the payment by the Company to the Holder of an aggregate cash amount of $21,750,000.00 (the “Cash Payment”, and such transaction,
the “Purchase”). The Company and the Holder agree as follows: 
 1. The Purchase. The closing of the
Purchase (the “Closing”) shall occur on February 9, 2017 (the “Closing Date”). At the Closing, (a) the Holder shall deliver the Note to the Company for cancellation in full, and
(b) the Company shall pay to the Holder the Cash Payment in immediately available funds. Upon the Company’s payment of the Cash Payment in accordance with this agreement, the Note shall be cancelled in full and the Holder shall release all
claims arising out of or related to the Note, including, but not limited to, any rights to payment of principal or interest with respect to the Note. 

2. Representations, Warranties and Covenants. 

(a) In connection with the Purchase, the Holder hereby represents, warrants, acknowledges and agrees as follows as of the date of this
agreement and the Closing Date: (i) the Holder is the sole legal and beneficial owner of the Note; (ii) the Note is free and clear of any liens, charges or encumbrances and at the Closing, the Holder shall convey to the Company good title
to the Note free and clear of all liens, charges and encumbrances; (iii) the Holder has sufficient experience in business, financial and investment matters to be able to evaluate the risks involved in, and to make an informed investment
decision with respect to, the Purchase, and the Holder acknowledges that: (A) the Company makes no representation regarding the value of the Note; and (B) the Holder has independently and without reliance upon the Company made its own
analysis and decision to enter into the Purchase on the terms set forth herein; (iv) the Holder has had such opportunity as it has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the
Holder to evaluate the merits and risks of the Purchase, and the Holder has undertaken an independent evaluation of such merits and risks based on the Holder’s own financial circumstances; (v) the Holder has all legal capacity necessary to
enter into this agreement and to consummate the Purchase; (vi) the Holder acknowledges and agrees that (A) as of the date hereof, the Company is in full compliance with and is not in Default (as such term is defined in the loan agreement
dated June 14, 2013 between the Company and the Holder (the “Loan Agreement”)) under the Loan Agreement or the Note, and (B) neither this agreement nor the Purchase is or will constitute a breach of the Loan
Agreement or Default under the Loan Agreement or the Note in any respect, including, but not limited to, under Section 4.2 of the Loan Agreement and paragraph 4 of the Note in regards to the Company’s right to prepay the Note. 

3. Miscellaneous. 
 (a) All
questions concerning the construction, validity, enforcement and interpretation of this agreement shall be governed by the internal laws of the State of Delaware, without giving effect to any 

 
choice of law or conflict of law provision or rule (whether of the State of Delaware or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the
State of Delaware. Each party hereby irrevocably submits to the exclusive jurisdiction of the Delaware Court of Chancery, or, if no such state court has proper jurisdiction, the United States District Court for the District of Delaware, for the
adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not
personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Nothing contained herein shall be deemed to limit in
any way any right to serve process in any manner permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT
OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY. 
 (b) This agreement may not be amended, altered, modified or changed verbally,
but only by an agreement in writing signed by the Company and the Holder. This agreement supersedes all other prior oral or written agreements between the parties and any persons acting on their behalf with respect to the matters discussed herein
and constitutes the entire understanding of the parties with respect to the matters covered herein, and except as specifically set forth herein, neither party makes any representation, warranty, covenant or undertaking with respect to such matters.
If any one or more of the provisions contained in this agreement is determined to be invalid, illegal or unenforceable in any respect in any jurisdiction, the validity, legality and enforceability of such provision or provisions will not in any way
be affected or impaired thereby in any other jurisdiction, nor will the validity, legality and enforceability of the remaining provisions contained in this agreement in any way be affected or impaired thereby. 

(c) All notices, requests and demands will be served by hand delivery, telefacsimile, email, overnight courier or by registered or certified
mail, with return receipt requested, as set forth on the signature page hereto or at such other address as any party designates for such purpose in writing to the other party. Notices will be deemed to have been given on the date actually received
in the event of personal, telefacsimile, email or overnight courier delivery or on the date three (3) days after notice is deposited in the mail, properly addressed, postage prepaid. Each party will do and perform, or cause to be done and
performed, all such further acts and things, and will execute and deliver all such other agreements, certificates, instruments and documents, as any other party may reasonably request in order to carry out the intent and accomplish the purposes of
this agreement and the consummation of the transactions contemplated hereby. This agreement is intended for the benefit of the parties hereto and is not for the benefit of, nor may any provision hereof be enforced by, any other person. This
agreement may be executed in two or more counterparts, and it will not be necessary that the signatures of all parties hereto be contained on any one counterpart hereof. The counterpart will be deemed an original, but all counterparts together will
constitute one and the same instrument. 
 [Signature Page Follows] 

  
 2 

 
			
	Very truly yours,
	
	CLEAN ENERGY FUELS CORP.
	
	By:    Andrew J. Littlefair
		
	Signature:	 	    /s/ Andrew J. Littlefair
	
	Title: President & Chief Executive Officer
	
	Address for Notice:
	
	 4675 MacArthur Court, Suite 800

Newport Beach, California 92660

  

			
	AGREED AND ACCEPTED:
	
	T. Boone Pickens
		
	Signature:	 	    /s/ Boone Pickens
	
	Address for Notice:
	
	 8117 Preston Road, Suite 260W

Dallas, Texas 75225

  
 3

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