Document:

ex10-1.htm

    
      

      

    

    Exhibit
10.1

     

     

    
      JAYHAWK
ENERGY, INC.

      2009
STOCK INCENTIVE PLAN FOR EMPLOYEES,

      CONTRACTORS,
CONSULTANTS, ADVISERS, BOARD

      ADVISORS,
BOARD MEMBERS, AND OTHERS

       

       

      CONTENTS

       

      
        
          
            	
                    1.

                  	
                    Definitions:

                  	
                    2

                  
	
                    2.

                  	
                    Purpose
      of Plan:

                  	
                    3

                  
	
                    3.

                  	
                    Administration:

                  	
                    3

                  
	
                    4.

                  	
                    Indemnification
      of Committee Members:

                  	
                    3

                  
	
                    5.

                  	
                    Maximum
      Number of Shares Subject to Plan:

                  	
                    3

                  
	
                    6.

                  	
                    Participants:

                  	
                    4

                  
	
                    7.

                  	
                    Written
      Agreement:

                  	
                    4

                  
	
                    8.

                  	
                    Allotment
      of Shares:

                  	
                    4

                  
	
                    9.

                  	
                    Stock
      Option Price-

                  	
                    4

                  
	
                    10.

                  	
                    Stock
      Price:

                  	
                    4

                  
	
                    11.

                  	
                    Payment
      of Stock Option Price-

                  	
                    5

                  
	
                    11.

                  	
                    Granting
      and Exercising of Stock Options:

                  	
                    5

                  
	
                    12.

                  	
                    Non-transferability
      of Stock Options-

                  	
                    6

                  
	
                    13.

                  	
                    Term
      of Stock:

                  	
                    6

                  
	
                    14.

                  	
                    Reclassification,
      Consolidation Or Merger:

                  	
                    6

                  
	
                    15.

                  	
                    Non-transferability
      of Stock Rights:

                  	
                    6

                  
	
                    16.

                  	
                    Continuation
      of Employment-

                  	
                    6

                  
	
                    17.

                  	
                    Rights
      to Continued Employment:

                  	
                    7

                  
	
                    18.

                  	
                    Effectiveness
      of Plan:

                  	
                    7

                  
	
                    19.

                  	
                    Termination,
      Duration and Amendments of Plan:

                  	
                    7

                  

          

        

      

      

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

       

      1.             
Definitions:

       

      As used
herein, the following definitions shall apply:

       

      (a)           "Board of Directors" shall mean the Board of
Directors of the Corporation.

       

      (b)           "Committee" shall mean the Compensation
Committee designated by the Board
of Directors of the Corporation, or such other committee as shall be specified
by the Board of Directors to perform the functions and duties of the Committee
under the Plan; provided, however, that, the Committee shall comply with the
requirements of (i) Rule 16b-3 of the Rules and Regulations under the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), and (ii) Section 162(m)
of the Internal Revenue Code of 1986, as amended (the "Code"), and the
regulations thereunder.

       

      (c)           "Corporation" shall mean JayHawk Energy, Inc.,
a Colorado corporation,
or any successor thereof.

       

      (d)           "Discretion" shall mean in the sole discretion
of the Committee, with no
requirement whatsoever that the Committee follow past practices, act in a manner
consistent with past practices, or treat an employee or consultant in a manner
consistent with the treatment afforded other employees or consultants with
respect to the Plan.

       

      (e)           "Participant" shall mean any
individual designated by the Committee under
Paragraph 6 for participation in the Plan.

       

      (f)    "Plan" shall mean this JayHawk Energy, Inc.
2009 Stock Incentive Plan for Employees and Consultants, as
amended.

       

      (g)           "Subsidiary" shall mean any corporation or
similar entity in which the Corporation
owns, directly or indirectly, stock or other equity interest ("Stock")
possessing more than 25% of the combined voting power of all classes of Stock;
provided, however, that an Incentive Option may be granted to an employee of a
Subsidiary only if the Subsidiary is a corporation and the Corporation owns,
directly or indirectly, 50% or more of the total combined voting power of all
classes of Stock of the Subsidiary.

       

      (h)           "Incentive Option" shall mean an option to
purchase Common Stock of the
Corporation which meets the requirements set forth in the Plan and also meets
the definition of an incentive stock option within the meaning of Section 422 of
the Code. The stock option agreement for an Incentive Option shall state that
the option is intended to be an Incentive Option.

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

       

      (i)           "Nonqualified Option" shall mean an option to
purchase Common Stock of
the Corporation which meets the requirements set forth in the Plan but does not
meet the definition of an incentive stock option within the meaning of Section
422 of the Code. The stock option agreement for a Nonqualified Option shall
state that the option is intended to be a Nonqualified Option.

       

      2.            
Purpose of Plan:

       

      The
purpose of the Plan is to provide employees and consultants of the Corporation
and its Subsidiaries with an increased incentive to make significant and
extraordinary contributions to the long-term performance and growth of the
Corporation and its Subsidiaries, to join the interests of employees and
consultants with the interests of the shareholders of the Corporation, and to
facilitate attracting and retaining employees and consultants of exceptional
ability.

       

      Administration:

       

      The Plan
shall be administered by the Committee. Subject to the provisions of the Plan,
the Committee shall determine, from those eligible to be Participants under the
Plan, the persons to be granted stock or stock options, the amount of stock or
options to be granted to each such person, and the terms and conditions of any
grant. Subject to the provisions of the Plan, the Committee is authorized to
interpret the Plan, to make, amend and rescind rules and regulations relating to
the Plan and to make all other determinations necessary or advisable for the
Plan's administration. Interpretation and construction of any provision of the
Plan by the Committee shall, unless otherwise determined by the Board of
Directors of the Corporation, be final and conclusive. A majority of the
Committee shall constitute a quorum, and the acts approved by a majority of the
members present at any meeting at which a quorum is present, or acts approved in
writing by a majority of the Committee, shall be the acts of the
Committee.

       

      Indemnification
of Committee Members:

       

      In
addition to such other rights of indemnification as they may have, the members
of the Committee shall be indemnified by the Corporation in connection with any
claim, action, suit or proceeding relating to any action taken or failure to act
under or in connection with the Plan or any stock or option granted hereunder to
the full extent permitted by applicable law or provided for under the
Corporation's Articles of Incorporation or Bylaws with respect to
indemnification of directors of the Corporation.

       

      Maximum
Number of Shares Subject to Plan:

       

      The
maximum number of shares and/or stock options which may be granted under the
Plan shall be 4,000,000 shares in the aggregate of Common Stock of the
Corporation.

       

      The
number of shares subject to each outstanding stock option shall be subject to
such adjustment as the Committee, in its Discretion, deems appropriate to
reflect such events as stock dividends, stock splits, recapitalizations,
mergers, consolidations or reorganizations of or by the Corporation; provided,
however, that no fractional shares shall be issued pursuant to the
Plan, no rights may be granted under the Plan with respect to fractional shares,
and any fractional shares resulting from such adjustments shall be eliminated
from any outstanding stock option.

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      Participants

       

      The
Committee shall determine and designate from time to time, in its Discretion,
those employees and consultants of the Corporation or any Subsidiary to receive
stock or options that, in the judgment of the Committee, are or will become
responsible for the direction and financial success of the Corporation or any
Subsidiary.

       

      Written
Agreement:

       

      Each
stock or option award shall be evidenced by a written agreement (each a
"Corporation-Participant Agreement") containing such provisions as may be
approved by the Committee. Each such Corporation-Participant Agreement shall
constitute a binding contract between the Corporation and the Participant and
every Participant, upon acceptance of such Agreement, shall be bound by the
terms and restrictions of the Plan and of such Agreement. The terms of each such
Corporation-Participant Agreement shall be in accordance with the Plan, but each
Corporation- Participant Agreement may include such additional provisions and
restrictions determined by the Committee, in its Discretion, provided that such
additional provisions and restrictions are not inconsistent with the terms of
the Plan.

       

      Allotment
of Shares:

       

      The
Committee shall determine and fix, in its Discretion, the number of shares of
Common Stock or options to purchase shares of Common Stock with respect to which
a Participant may be granted.

       

      Stock
Option Price:

       

      The
Committee, in its Discretion, shall establish the price per share for which the
shares covered by the option may be purchased.

       

      Stock
Price:

       

      The
initial and standard price per share of common stock to be issued directly shall
be the Fair Market Value per share, but may be changed in each case by the
Board, or its designee, from time to time. If the share price is changed, the
Board, or its designee, shall determine the share price no later than the date
of the issuance of the shares and at such other times as the Board, or its
designee, deems necessary. The Board shall have absolute final discretion to
determine the price of the common stock under the Plan. In the absence of such
specific determination, the share price will be the Fair Market Value per share.
"Fair Market Value" shall mean, if there is an established market for the
Company's Common Stock on a stock exchange, in an over-the-counter market or
otherwise, the Closing Bid Price of the Company's stock for the trading day
which is the valuation date, provided that the Board may, in its discretion
provide an alternative definition for Fair Market Value in the instrument
granting the right. Unless otherwise specified by the Board at the time of grant
(or in the
formula applicable to such grant), the valuation date for purposes of
determining the stock price shall be the date of grant. The Board may specify
that, instead of the date of grant, the valuation date shall be a valuation
period of up to ninety (90) days prior to the date of grant, and Fair Market
Value for purposes of such grant shall be the average over the valuation period
of the mean of the highest and lowest quoted selling prices on each date on
which sales were made in the valuation period. If there is no established market
for the Company's Common Stock, or if there were no sales during the applicable
valuation period, the determination of Fair Market Value shall be established by
the Board in its sole discretion, considering the criteria set forth in Treas.
Reg. Section 20.2031-2 or successor regulations.

       

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

       

      11.          Payment
of Stock Option Price:

       

      To
exercise in whole or in part any stock option granted hereunder, payment of the
option price in full in cash or, with the consent of the Committee, in Common
Stock of the Corporation or by a promissory note payable to the order of the
Corporation in a form acceptable to the Committee, shall be made by the
Participant for all shares so purchased. Such payment may, with the consent of
the Committee, also consist of a cash down payment and delivery of such
promissory note in the amount of the unpaid exercise price. In the Discretion of
and subject to such conditions as may be established by the Committee, payment
of the option price may also be made by the Corporation retaining from the
shares to be delivered upon exercise of the stock option that number of shares
having a fair market value on the date of exercise equal to the option price of
the number of shares with respect to which the Participant exercises the stock
option. Such payment may also be made in such other manner as the Committee
determines is appropriate, in its Discretion. No Participant shall have any of
the rights of a shareholder of the Corporation under any stock option until the
actual issuance of shares to said Participant, and prior to such issuance no
adjustment shall be made for dividends, distributions or other rights in respect
of such shares, except as provided in Paragraph 5.

       

      Granting
and Exercising of Stock Options:

       

      Subject
to the provisions of this Paragraph 12, each stock option granted hereunder
shall be exercisable at any such time or times or in any such installments as
may be determined by the Committee at the time of the grant. If the Common Stock
of the Corporation is publicly traded and if a Participant who is granted a
stock option is a person who is regularly required to report his or her
ownership and changes in ownership of Common Stock of the Corporation to the
Securities and Exchange Commission and is subject to short-swing profit
liability under the provisions of Section 16(b) of the Exchange Act, then any
election to exercise as well as any actual exercise of such Participant's stock
option shall be made only during the period beginning on the third business day
and ending on the twelfth business day following the release for publication by
the Corporation of quarterly or annual summary statements of sales and earnings.
Notwithstanding anything contained in the Plan to the contrary, if the Common
Stock of the Corporation is publicly traded, stock options shall always be
granted and exercised in such a manner as to conform to the provisions of Rule
16b-3(e), or any replacement rule, adopted pursuant to the provisions of the
Exchange Act.

       

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

       

      A
Participant may exercise a stock option, if then exercisable, in whole or in
part by delivery to the Corporation of written notice of the exercise, in such
form as the Committee may prescribe, accompanied, in the case of a stock option,
by (0 payment for the shares with respect to which the stock option is exercised
in accordance with Paragraph 11, or (ii) in the Discretion of the Committee,
irrevocable instructions to a stock broker to promptly deliver to the
Corporation full payment for the shares with respect to which the stock option
is exercised from the proceeds of the stock broker's sale of or loan against the
shares. Except as provided in Paragraph 17, stock options may be exercised only
while the Participant is an employee or consultant of the Corporation or a
Subsidiary.

       

      Successive
stock options may be granted to the same Participant, whether or not the stock
option(s) previously granted to such Participant remain unexercised. A
Participant may exercise a stock option, if then exercisable, notwithstanding
those stock options previously granted to such Participant remain
unexercised.

       

      Non-transferability
of Stock Options:

       

      No stock
option granted under the Plan to a Participant shall be transferable by such
Participant otherwise than by will or by the laws of descent and distribution,
and stock options shall be exercisable, during the lifetime of the Participant,
only by the Participant.

       

      Term
of Stock:

       

      If not
sooner terminated, each stock option granted hereunder shall expire not more
than five (5) years from the date of the granting thereof.

       

      Reclassification,
Consolidation Or Merger:

       

      If and to
the extent that the number of issued shares of common stock of the Company shall
be increased or reduced by change in par value, split-up reclassification,
distribution of a dividend payable in stock, or the like, the number of shares
subject to direct issuance held by a person and the price per share shall be
proportionately adjusted. If the Company is reorganized or consolidated or
merged with another corporation, the person shall be entitled to receive direct
issuance covering shares of such reorganized, consolidated, or merged company in
the same proportion, at an equivalent price, and subject to the same
conditions.

       

      Non-transferability
of Stock Rights:

       

      No stock
right granted under the Plan to a Participant shall be transferable by such
Participant otherwise than by will or by the laws of descent and distribution.
However, any stock issued shall be freely transferable after
issuance.

       

      Continuation
of Employment:

       

      The
Committee may require, in its Discretion, that any Participant under the Plan to
whom a stock or option shall be granted shall agree in writing as a condition of
the granting of such stock or option award to remain in the employ or to remain
as a consultant of the Corporation
or a Subsidiary for a designed minimum period from the date of the granting of
such stock or option award as shall be fixed by the Committee.

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

       

      Rights
to Continued Employment:

       

      Nothing
contained in the Plan or in any stock or option granted or awarded pursuant to
the Plan, nor any action taken by the Committee hereunder, shall confer upon any
Participant any right with respect to continuation of employment or consultancy
by the Corporation or a Subsidiary nor interfere in any way with the right of
the Corporation or a Subsidiary to terminate such person's employment or
consultancy at any time.

       

      Effectiveness
of Plan:

       

      The Plan
shall be effective on the date the Board of Directors of the Corporation adopts
the Plan.

       

      Termination,
Duration and Amendments of Plan:

       

      The Plan
may be abandoned or terminated at any time by the Board of Directors of the
Corporation. Unless sooner terminated, the Plan shall terminate on the date ten
years after its adoption by the Board of Directors, and no stock or option may
be granted or awarded thereafter. The termination of the Plan shall not affect
the validity of any stock or option grant outstanding on the date of
termination.

       

      For the
purpose of conforming to any changes in applicable law or governmental
regulations, or for any other lawful purpose, the Board of Directors shall have
the right, with or without approval of the shareholders of the Corporation, to
amend or revise the terms of the Plan at any time; provided, however, that no
such amendment or revision shall N without approval or ratification of the
shareholders of the Corporation (A) increase the maximum number of shares in the
aggregate which are subject to the Plan (subject, however, to the provisions of
Paragraph 5), (B) increase the maximum number of shares for which any
Participant may be granted stock or option under the Plan (except as
contemplated by Paragraph 5), (C) change the class of persons eligible to be
Participants under the Plan, or (D) materially increase the benefits accruing to
Participants under the Plan, or (ii) without the consent of the holder thereof,
change the stock price (except as contemplated by Paragraph 5) or alter or
impair any stock which shall have been previously granted or awarded under the
Plan.

       

      BOARD OF
DIRECTORS:exhibit_1014.htm

    
      

      

    

    

      EMPLOYMENT
AGREEMENT

      

      This
Employment Agreement (the “Agreement”), effective the 5th day
of October, 2009 (the “Effective Date”), by and between Tyson
Foods, Inc., a Delaware corporation (“Company”), and any of its subsidiaries and
affiliates (hereinafter collectively referred to as “Employer”), and Craig Hart, Persn
XXXXXX (hereinafter referred to as “Employee”). 

      

      WITNESSETH:

      WHEREAS,
Employer is engaged in a very competitive business, where the development and
retention of extensive trade secrets and proprietary information is critical to
future business success; and

      WHEREAS,
Employee, by virtue of Employee’s employment with Employer, is involved in the
development of, and has access to, this critical business information, and, if
such information were to get into the hands of competitors of Employer, Employee
could do substantial business harm to Employer; and

      WHEREAS,
Employer has advised Employee that agreement to the terms of this Agreement, and
specifically the non-compete and non-solicitation sections, is an integral part
of this Agreement, and Employee acknowledges the importance of the non-compete
and non-solicitation sections, and having reviewed the Agreement as a whole, is
willing to commit to the restrictions as set forth herein;

      NOW,
THEREFORE, Employer and Employee, in consideration of the above and the terms
and conditions contained herein, hereby mutually agree as follows:

      1.           Duties.  Employee
shall perform the duties of SVP Controller &
CAO or shall serve in such other capacity and with such other duties for
Employer as Employer shall from time to time prescribe.  Employee
shall perform all such duties with diligence and
thoroughness.  Employee shall be subject to and comply with all rules,
policies, procedures, supervision and direction of Employer in all matters
related to the performance of Employee’s duties.

      2.           Term of
Employment.  The term of employment hereunder shall be for a
period of three (3) years, commencing on the Effective Date and terminating on
the third anniversary of the Effective Date, unless terminated prior thereto in
accordance with the provisions of this Agreement (the period from the Effective
Date to the earlier of the third anniversary of the Effective Date or any
earlier termination of employment is referred to herein as the “Period of
Employment”).  Notwithstanding the expiration of the Period of
Employment, regardless of the reason, and in addition to other obligations that
survive the Period of Employment, the obligations of Employee under Sections 8
(b), (c), (d), (e), (f), (g), (h), and (i) shall continue in effect after the
Period of Employment for the time periods specified in these
sections.

      3.           Compensation.  For
the services to be performed hereunder, Employee shall be compensated by
Employer during the Period of Employment at the rate of not less than Two hundred ninety-five
thousand dollars and 00/100 ($295,000.00) per year
payable in accordance with Employer’s payroll practices, and in addition may
receive awards under Employer’s annual bonus plan then in effect, subject to the
discretion of the senior management of Employer.  Such compensation
will be subject to review from time to time when salaries of other officers and
managers of Employer are reviewed for consideration of increases
thereof.

      4.           Participation in Benefit
Programs.  Employee shall be entitled to participate in any
benefit programs generally applicable to employees of Employer adopted by
Employer from time to time.  All expenses for which Employee may be
eligible for reimbursement and all in-kind benefits Employee may receive
pursuant to this Section 4 must be incurred by or provided to, as applicable,
the Employee during the Period of Employment for the Employee to be eligible for
the reimbursement or the in-kind benefit.  All taxable reimbursements
shall be paid as soon as administratively practicable, but in no event shall any
reimbursement be paid after the last day of the taxable year following the
taxable year in which the expense was incurred, nor shall the amount of taxable,
reimbursable expenses incurred or in-kind benefits provided in one taxable year
affect the expenses eligible for reimbursement or the in-kind benefits provided,
as applicable, in any other taxable year.  The right to a taxable
reimbursement or an in-kind benefit under this Agreement will not be subject to
liquidation or exchange for another benefit.

      5.           Limitation on Outside
Activities.  Employee shall devote Employee’s full employment
energies, interest, abilities and time to the performance of Employee’s
obligations hereunder and shall not, without the written consent of the Chief
Executive Officer or the General Counsel of the Employer, render to others any
service of any kind or engage in any activity which conflicts or interferes with
the performance of Employee’s duties hereunder.

      6.           Ownership of Employee’s
Inventions.  All ideas, inventions, and other developments or
improvements conceived by Employee, alone or with others, during Employee’s
Period of Employment, whether or not during working hours, (i) that are within
the scope of the business operations of Employer, (ii) that were developed at
the direction of the Employer, or (iii) that relate to any of the work or
projects of the Employer, are the exclusive property of
Employer.  Employee agrees to assist Employer, at Employer’s expense,
to obtain patents on any such patentable ideas, inventions, and other
developments, and agrees to execute all documents necessary to obtain such
patents in the name of the Employer.

      7.           Termination.

      (a)           Voluntary
Termination. Employee may terminate
Employee’s employment, including Employee’s retirement, pursuant to this
Agreement at any time by not less than ninety (90) days prior written notice to
Employer.  Upon receipt of such notice, Employer shall have the right,
at its sole discretion, to accelerate Employee’s date of termination at any time
during said notice period.  Employee shall not be entitled to any
compensation from Employer for any period beyond Employee’s actual date of
termination, and Employee’s Stock Options and Restricted Stock (each as
hereinafter defined) shall be treated as provided in the award agreements
pursuant to which such rights were granted. Employee shall not be entitled to a
bonus for the fiscal year of the Employer in which such termination
occurs.

      (b)           Involuntary Termination
Without Cause.  Employer shall be entitled, at its election and
without Cause (as defined in Section 7(c)), to terminate Employee’s employment
pursuant to this Agreement upon written notice to Employee.  Subject
to the limitations of Section 7(e), upon a termination by Employer without Cause
pursuant to this Section 7(b), Employer shall continue to pay Employee at
Employee’s current base salary, paid in the manner provided in Section 3 above,
for a period commencing with the separation from service (within the meaning of
Section 409A of the Internal Revenue Code and the regulations thereunder, and
which occurs on or after the effective date of the termination), and continuing
for a period of eighteen (18) months after the date of the separation from
service.  Employer shall treat Employee’s Stock Options and Restricted
Stock as provided in the award agreements pursuant to which such equity rights
were granted.  Employee shall not be entitled to any bonus for the
fiscal year of the Employer in which such termination by Employer
occurs.

      The
Employee’s eligibility to receive benefits under this Section 7(b) shall be
conditioned upon (i) the Employee’s execution of a General Release and
Separation Agreement, and (ii) the General Release and Separation Agreement
becoming effective after the lapse of any permitted or required revocation
period without the associated  revocation rights being exercised by
Employee.  The obligation to continue base salary shall accrue from
the date of the termination by Employer and, if the release is signed and not
revoked, payments shall commence by the later of (1) the end of the revocation
period provided pursuant to the terms of the release agreement (but no later
than the sixtieth (60th) day
following the Employee’s termination by Employer) or (2) the effective date of
the separation from service, with any accrued but unpaid base salary
continuation being paid on the date of the first payment.

      (c)           Involuntary Termination With
Cause.  Employer may, at its sole and absolute discretion,
terminate this Agreement and Employee’s Period of Employment hereunder for Cause
(defined below) without any payment, liability or other
obligation.  As used herein, the term "Cause" shall mean (i) willful
malfeasance or willful misconduct committed by Employee in connection with
Employee’s performance of Employee’s duties hereunder which results in damage or
injury to the Employer; (ii) gross negligence committed by Employee in
connection with the performance of Employee’s duties hereunder which results in
damage or injury to the Employer; (iii) any willful and material breach by
Employee of Section 8 of this Agreement, as determined in the Employer’s sole
discretion; or (iv) the conviction of Employee of a felony or job-related
misdemeanor.

      (d)           Death or
Incapacity.  If Employee is unable to perform Employee’s duties
pursuant to this Agreement by reason of Disability (defined below), Employer may
terminate Employee’s employment pursuant to this Agreement by thirty (30) days
written notice to Employee.  If Employee is unable to perform
Employee’s duties pursuant to this Agreement by reason of death, this Agreement
shall immediately terminate.  Employee’s Stock Options and Restricted
Stock in the event of a termination under this section shall be treated as
provided in the award agreements pursuant to which such equity rights were
granted.  In the event of Employee’s death or Disability, Employee, or
Employee’s estate, as applicable, shall receive a prorated bonus for the portion
of time worked during the fiscal year of the Employer in which termination under
this Section 7(d) occurs, based upon the bonus received by Employee during the
immediately prior fiscal year.  The prorated bonus amount shall be
paid in a lump sum within thirty (30) days following the date of the Employee’s
death or determination of Disability status, as applicable.  For
purposes of this Section 7(d), “Disability” means the Employee (i) is unable to
engage in any substantial gainful activity by reason of any medically
determinable physical or mental impairment that can be expected to result in
death or can be expected to last for a continuous period of not less than twelve
(12) months; or (ii) is receiving income or replacement benefits for a period of
not less than three (3) months under an accidental or health plan covering
employees of the Employer due to any medically
determinable mental or physical impairment that can be expected to result in
death or can be expected to last for a continuous period of not less than twelve
(12) months.  Any determination of the Employee’s disability status
under Section 7(d)(i) shall be supported by the written opinion of a physician
competent in the branch of medicine to which such disability
relates.

      (e)           Temporary Suspension or
Limitation of Payments.

      (i) Notwithstanding
the foregoing, if the Employee is a “specified employee” within the meaning of
Section 409A of the Internal Revenue Code (and the regulations thereunder) at
the date of Employee’s separation from service, to the extent that all or a
portion of any payments due under Section 7 of this Agreement (including,
without limitation the payment of any salary continuation) exceeds the amount,
if any, that can be paid as separation pay that does not constitute a deferral
of compensation under Section 409A of the Internal Revenue Code (and the
regulations thereunder), or that otherwise can be paid without resulting in a
failure under Section 409A(a)(1) of the Internal Revenue Code, payment shall be
delayed until the later of six (6) months after the separation from service or
the date the payment would otherwise be made under Section 7.  Any payments
that are so delayed shall be paid in one lump sum during the seventh month
following the date of the Employee’s separation from service.

      (ii) Notwithstanding
the foregoing, if the total payments to be paid to the Employee pursuant to
Section 7, along with any other payments to the Employee by the Employer, would
result in the Employee being subject to the excise tax imposed by Section 4999
of the Internal Revenue Code, the Employer shall reduce the aggregate payments
to the largest amount which can be paid to the Employee without triggering the
excise tax, but only if and to the extent that such reduction would result in
the Employee retaining larger aggregate after-tax payments.  The
determination of the excise tax and the aggregate after-tax payments to be
received by the Employee will be made by the Employer.  If payments
are to be reduced, the payments made latest in time will be reduced first and if
payments are to be made at the same time, non-cash payments will be reduced
before cash payments.

      8.           Additional Compensation,
Confidential Information, Trade Secrets, Limitations on Solicitation and
Non-Compete Clause.

      (a)           Employee
shall receive, in addition to all regular compensation for services as described
in Section 3 of this Agreement, as additional consideration for signing this
Agreement and for agreeing to abide and be bound by the terms, provisions and
restrictions of this Section 8, the following:

      (i)           An
award of 13,392.8571 shares of
Tyson Foods, Inc. Class A Common Stock (“Common Stock”) subject to the terms and
conditions of a restricted stock agreement currently in use by the Employer for
awards to employees generally (referred to herein as “Restricted
Stock”).

      (ii)           During
Employee’s Period of Employment, on grant dates to be specified by Employer
which Employer expects to be consistent with Employer’s past practices for
grants of options to employees generally, a grant of 21,200 options on
each such grant date to purchase shares of Common Stock (referred to herein as
“Stock Options”), subject to the terms and conditions of the Tyson Foods, Inc.
2000 Stock Incentive Plan or any subsequent equity plan adopted by the Employer
(“Stock Plan”), and the option grant agreement then in use on the date of grant
by the Employer for employees generally.

      (b)           Employee
recognizes that, as a result of Employee’s employment with the Employer,
Employee has had and will continue to have access to confidential information in
multiple forms, electronic or otherwise, and such confidential information may
include, but is not limited to, trade secrets; proprietary information;
intellectual property; other documents, data, and information concerning
methods, processes, controls, techniques, formulas, production, distribution,
purchasing, financial analysis, returns and reports; information regarding other
employees as further discussed in Section 8(f); customer lists; supplier lists;
vendor lists; and other sensitive information and data regarding the customers,
suppliers, vendors, services, sales, pricing, and costs of Employer which is the
property of and integral to the operations and success of
Employer.  Employee agrees to be bound by the provisions of this
Section 8, which Employee agrees and acknowledges to be reasonable and necessary
to protect legitimate and important business interests and concerns of Employer
regarding such confidential information.  Employee acknowledges that
the information referred to above has independent economic value from not being
generally known to, and not being readily ascertainable by proper means by,
other persons who can obtain economic value from its disclosure or
use.  Employee further acknowledges that Employer has taken all
reasonable steps under the circumstances to maintain the secrecy and/or
confidentiality of such information. 

      (c)           Employee
agrees that Employee will not divulge to any person, nor use to the detriment of
Employer, nor use in any business or process of manufacture in Direct
Competition (defined is Section 8(e)) with Employer, at any time during Period
of Employment or thereafter, any of the trade secrets and/or other confidential
information of the Employer, whether in electronic form or otherwise, without
first obtaining the express written permission of Employer. A trade secret shall
include any information maintained as confidential and used by Employer in its
business, including but not limited to a formula, pattern, compilation, program,
device, method, technique or process that has value, actual or potential, from
its confidentiality and from not being readily ascertainable to others who could
also obtain value from such information.  For purposes of this Section
8, the compilation of information used by Employer in its business shall
include, without limitation, the identity of customers and suppliers and
information reflecting their interests, preferences, credit-worthiness, likely
receptivity to solicitation for participation in various transactions and
related information obtained during the course of Employee’s employment with
Employer.

      (d)           Employee
agrees that at the time of leaving the employ of Employer, Employee will deliver
to Employer, and not keep or deliver to anyone else, any and all originals and
copies, electronic or hard copy, of notebooks, memoranda, documents,
communications, and, in general, any and all materials relating to the business
of Employer, or constituting property of the Employer.  Employee
further agrees that Employee will not, directly or indirectly, request or advise
any customers or suppliers of Employer to withdraw, curtail or cancel its
business with Employer.

      (e)           Employee
agrees that during Employee’s Period of Employment and for a period of one (1)
year after the expiration of the Period of Employment (it is expressly
acknowledged that this clause is intended to survive the expiration of the
Period of Employment), Employee will not directly or indirectly, in the United
States, participate in any Position (defined below) in any business in Direct
Competition (defined below) with any business of the Employer.  The
term “Direct Competition,” as used in this section, shall mean any business that
directly competes against any line of business in which Employee was actively
engaged during Employee’s employment with the Employer.  The term
“Position,” as used in this section, includes a partner, director, holder of
more than 5% of the outstanding voting shares, principal, executive, officer,
manager or any employment or consulting position with an entity in Direct
Competition with Employer, where Employee performs any duties which are
substantially similar to those performed by the Employee during Employee’s
employment with Employer.  Employee acknowledges that a “substantially
similar” position shall include any employment or consulting position with an
entity in Direct Competition with Employer is one in which Employee might be
able to utilize the valuable, proprietary and confidential information to which
Employee was exposed during Employee’s employment with Employer.  It
is acknowledged and agreed that the scope of the clause as set forth above is
essential, because (i) a more restrictive definition of “Position” (e.g.
limiting it to the “same” position with a competitor) will subject the Employer
to serious, irreparable harm by allowing competitors to describe positions in
ways to evade the operation of this clause, and substantially restrict the
protection sought by Employer, and (ii) by allowing the Employee to escape the
application of this clause by accepting a position designated as a “lesser” or
“different” position with a competitor, the Employer is unable to restrict the
Employee from providing valuable information to such competing entity to the
harm of the Employer.

      (f)           Employee
recognizes that Employee possesses confidential information about other
employees of Employer relating to their education, experience, skills,
abilities, salary and benefits, and interpersonal relationships with customers
and suppliers of Employer.  Employee agrees that during Employee’s
Period of Employment hereunder, and for a period of three (3) years after the
expiration of the Period of Employment (it is expressly acknowledged that this
clause is intended to survive, if applicable, the expiration of the Period of
Employment), Employee shall not, directly or indirectly, solicit or contact any
employee or agent of Employer, with a view to or for the purposes of inducing or
encouraging such employee or agent to leave the employ of Employer, for the
purpose of being hired by Employee, any employer affiliated with Employee, or
any competitor of Employer.  Employee agrees that Employee will not
convey any such confidential information or trade secrets about other employees
to anyone.

      (g)           Employee
acknowledges that the restrictions contained in this Section 8 are reasonable
and necessary to protect Employer’s interest in this Agreement and that any
breach thereof will result in an irreparable injury to Employer for which
Employer has no adequate remedy at law.  Employee therefore agrees
that, in the event  Employee breaches any of the provisions contained
in this Section 8, Employer shall be authorized and entitled to seek from any
court of competent jurisdiction (i) a temporary restraining order, (ii)
preliminary and permanent injunctive relief,  (iii) an equitable
accounting of all profits or benefits arising out of such breach, (iv) direct,
incidental and consequential damages arising from such breach; and/or (v) all
reasonable legal fees and costs related to any actions taken by Employer to
enforce Section 8.

      (h)           Employer
and Employee have attempted to specify a reasonable period of time, a reasonable
area and reasonable restrictions to which this Section 8 shall
apply.  Employer and Employee agree that if a court or administrative
body should subsequently determine that the terms of this Section 8 are greater
than reasonably necessary to protect Employer’s interest, Employer agrees to
waive those terms which are found by a court or administrative body to be
greater than reasonably necessary to protect Employer’s interest and to request
that the court or administrative body reform this Agreement specifying a
reasonable period of time and such other reasonable restrictions as the court or
administrative body deems necessary.  Further, Employee agrees that
Employer shall have the right to amend or modify this Section 8 as necessary to
comport with the determination of any court or administrative body that such
Section in this or a similar agreement entered into by Employer with any other
officer or manager of Employer is greater than reasonably necessary to protect
Employer’s interest.

      (i)           Employee
further agrees that this Section 8, as well as Sections 11 and 12 relating to
choice of law and forum for resolution, are integral parts of this Agreement,
and that should a court fail or refuse to enforce the restrictions contained
herein in the manner expressly provided in Sections 8(a) through 8(h) above, the
Employer shall recover from Employee, and the court shall award to the Employer,
the consideration (or a pro-rata portion thereof to the extent these provisions
are enforced but the time frame is reduced beyond that specified above) provided
to and elected by Employee under the terms of Section 8(a) above (or the
monetary equivalent thereof), its cost and its reasonable attorney’s
fees.  Employee acknowledges that such award is not intended as
“liquidated damages” and is not exclusive to other remedies available to
Employer.  Instead such award is intended to ensure that Employee is
not unjustly enriched as a result of retaining contract benefits not earned by
Employee.

      9.           Modification.  This
Agreement contains all the terms and conditions agreed upon by the parties
hereto, and no other agreements, oral or otherwise, regarding the subject matter
of this Agreement shall be deemed to exist or bind either of the parties hereto,
except for any pre-employment confidentiality agreement that may exist between
the parties or any agreement or policy specifically referenced
herein.  This Agreement cannot be modified except by a writing signed
by both parties.

      10.           Assignment.  This
Agreement shall be binding upon Employee, Employee’s heirs, executors and
personal representatives and upon Employer, its successors and assigns. Employee
may not assign this Agreement, in whole or in part, without first obtaining the
written consent of the Chief Executive Officer of Employer.

      11.           Applicable
Law.  Employee acknowledges that this Agreement is performable
at various locations throughout the United States and specifically performable
wholly or partly within the State of Delaware and consents to the validity,
interpretation, performance and enforcement of this Agreement being governed by
the internal laws of said State of Delaware, without giving effect to the
conflict of laws provisions thereof.

      12.           Jurisdiction and Venue of
Disputes.  The courts of Washington County, Arkansas shall have
exclusive jurisdiction and be the venue of all disputes between the Employer and
Employee, whether such disputes arise from this Agreement or
otherwise.  In addition, Employee expressly waives any right Employee
may have to sue or be sued in the county of Employee’s residence and consents to
venue in Washington County, Arkansas.

      13.           Acceleration Upon a Change
in Control.  Upon the occurrence of a Change in Control
(defined below) the Restricted Stock and Stock Options that have been granted to
Employee pursuant to award agreements from the Employer under Section 8(a), or
which have otherwise been previously granted to Employee under an award
agreement from the Employer; and which awards are unvested at the time of the
Change in Control, will vest sixty (60) days after the Change in Control event
occurs (unless vesting earlier pursuant to the terms of an award
agreement).  If the Employee is terminated by the Employer without
Cause during such sixty (60) day period, all of the unvested Restricted Stock
and Stock Options granted pursuant to such award agreements will vest on the
date of termination.  For purposes of this Agreement, the term "Change
in Control" shall have the same meaning as the term "Change in Control" as set
forth in the Stock Plan; provided, however, that a Change in Control shall not
include any event as a result of which one or more of the following persons or
entities possess, immediately after such event, over fifty percent (50%) of the
combined voting power of the Employer or, if applicable, a successor entity: (a)
Don Tyson; (b) individuals related to Don Tyson by blood, marriage or adoption,
or the estate of any such individual; or (c) any entity (including, but not
limited to, a partnership, corporation, trust or limited liability company) in
which one or more 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.  The Committee (as defined in the
Stock Plan) shall have the sole discretion to interpret the foregoing provisions
of this paragraph.

      14.           Severability.  If,
for any reason, any one or more of the provisions contained in this Agreement
are held to be invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect any other provision
hereof, and this Agreement shall be construed as if such invalid, illegal or
unenforceable provision had never been contained herein.

      IN
WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of
the day and year first above written.

      

      

      EMPLOYEE
ACKNOWLEDGES EMPLOYEE HAS COMPLETELY READ THE ABOVE, HAS BEEN ADVISED TO
CONSIDER THIS AGREEMENT CAREFULLY, AND HAS BEEN FURTHER ADVISED TO REVIEW IT
WITH LEGAL COUNSEL OF EMPLOYEE’S CHOOSING BEFORE SIGNING.  EMPLOYEE
FURTHER ACKNOWLEDGES EMPLOYEE IS SIGNING THIS AGREEMENT VOLUNTARILY, AND WITHOUT
DURESS, COERCION, OR UNDUE INFLUENCE AND THEREBY AGREES TO ALL OF THE TERMS AND
CONDITIONS CONTAINED HEREIN.

      

      
        	 
      	 
      	
                /s/
      Craig Hart

              
	 
      	 
      	
                (Employee)

              
	 
      	 
      	 
      
	 
      	 
      	
                Corp

              
	 
      	 
      	
                (Location)

              
	 
      	 
      	 
      
	 
      	 
      	
                10/05/09

              
	 
      	 
      	
                (Date)

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	
                Tyson
      Foods, Inc.

              
	 
      	
                By

              	
                Dennis
      Leatherby

              
	 
      	
                Title

              	
                EVP
      & CFO

              

      

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      
TYSON
FOODS, INC.

      RESTRICTED
STOCK AGREEMENT

      

      

      

      THIS
RESTRICTED STOCK AGREEMENT (the “Agreement”) is made and entered into as of
October 5, 2009 (the “Grant Date”), by and between TYSON FOODS, INC., a Delaware
corporation (the “Company”), and Craig Hart (the “Employee”) Personnel Number
XXXXXX.

      

      Subject
to the Additional Terms and Conditions attached hereto and incorporated herein
by reference as part of this Agreement, the Company hereby awards as of the
Grant Date to the Employee the restricted shares (“Restricted Shares”) described
below (the “Restricted Stock Grant”) pursuant to the Tyson Foods, Inc. 2000
Stock Incentive Plan (the “Stock Plan”) in consideration of the Employee’s
services to be rendered on behalf of the Company as contemplated by the terms of
Employee’s most current Employment Agreement with the Company (the “Employment
Agreement”).

      

      

      
        	
                 
      

              	
                A.

              	
                Grant
      Date:  October 5,
2009

              

      

      

      
        	
                 
      

              	
                B.

              	
                Restricted
      Shares: 13,392.8571 shares of the Company’s Class A common stock,
      par value $.10 per share (“Common
Stock”).

              

      

      

      
        	
                 
      

              	
                C.

              	
                Vesting
      Schedule:  The Restricted Shares shall vest according to
      the Vesting Schedule attached hereto as Schedule 1.  The
      Restricted Shares which have become vested pursuant to the Vesting
      Schedule are herein referred to as the “Vested Restricted
      Shares.”

              

      

      

      

      IN
WITNESS WHEREOF, the Company has executed this Agreement as of the Grant Date
set forth above.

      

      

      
        	 
      	
                TYSON
      FOODS, INC.:

              
	 
      	 
      	 
      
	 
      	
                By:

              	
                /s/
      Leland E. Tollett

              
	 
      	
                Title:

              	
                Interim
      President & CEO

              

      

      

      

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      ADDITIONAL
TERMS AND CONDITIONS OF

      TYSON
FOODS, INC.

      RESTRICTED
STOCK AGREEMENT

      

      1.           Restricted Shares Held in
Stock Plan Name.  The Restricted Shares shall be issued in the
name of the Stock Plan and held for the account and benefit of the
Employee.  The Committee (as defined in the Stock Plan) shall cause
periodic statements of account to be delivered to the Employee, at such time or
times as the Committee may determine in its sole discretion, showing the number
of Restricted Shares held by the Stock Plan on behalf of the
Employee.  Subject to other Additional Terms and Conditions, and the
terms of the Employment Agreement, the Committee shall cause one or more
certificates to be delivered to the Employee as soon as administratively
practicable following the date that all or any portion of the Restricted Shares
become Vested Restricted Shares.

      

      2.           Condition to Delivery of
Vested Restricted Shares.

      

      (a)           If
Employee makes a timely election pursuant to Section 83(b) of the Internal
Revenue Code, as a condition to receiving the Vested Restricted Shares Employee
must deliver to the Company, within thirty (30) days of making the election
pursuant to said Section 83(b) as to all or any portion of the Restricted
Shares, either cash or a certified check payable to the Company in the amount of
all of the tax withholding obligations (whether federal, state or local),
imposed on the Company by reason of the making of an election pursuant to said
Section 83(b),

      

      (b)           If
the Employee does not make a timely election pursuant to Section 83(b) of the
Internal Revenue Code as to all of the Restricted Shares, the Employee may
notify the Company in writing, which notice must be received by the Company at
least thirty (30) days prior to the date Restricted Shares become Vested
Restricted Shares (or such later date as the Committee may permit), that the
Employee wishes to pay in cash all of the tax withholding obligations (whether
federal, state or local) imposed on the Company by reason of the vesting of some
or all of the Restricted Shares.  As a condition to receiving the
Vested Restricted Shares, Employee must deliver to the Company no later than
three (3) business days of the vesting either cash or a certified check payable
to the Company in the amount of all of the tax withholding obligations (whether
federal, state or local) imposed on the Company by reason of the vesting of the
Vested Restricted Shares to which the election applies.

      

      (c)           If
the Employee does not make a timely election pursuant to Section 83(b) of the
Internal Revenue Code as provided in Section 2(a), or deliver a timely election
to make a  supplemental payment with cash or by certified check for
tax withholding obligations as provided in Section 2(b) as to all or a portion
of the Vested Restricted Shares, Employee will be deemed to have elected to have
the actual number of Vested Restricted Shares reduced by the smallest number of
whole shares of Common Stock which, when multiplied by the fair market value of
the Common Stock, as determined by the Committee, on the date of the vesting
event is sufficient to satisfy the amount of the tax withholding obligations
imposed on the Company by reason of the vesting of the such Vested Restricted
Shares (the “Withholding Election”).  Employee understands and agrees
that Employee’s acceptance of this Restricted Stock Grant will be deemed to be
Employee’s election to make a Withholding Election pursuant to this Section 2
and such other consistent terms and conditions prescribed by the
Committee.

      

      (d)           The
Committee reserves the right to give no effect to a Withholding Election in
which case the Employee will remain obligated as a condition to receiving the
Vested Restricted Shares to satisfy applicable tax withholding obligations with
cash or by a certified check in the manner provided by the
Committee.  If the Committee elects not to give effect to the
Withholding Election, it shall provide the Employee with written notice
reasonably in advance of the applicable vesting event.

      

      3.           Rights as
Stockholder.  Employee, or his permitted
transferee under Section 4(d) below, shall have no rights as a stockholder with
respect to the Restricted Shares until a stock certificate for the shares is
issued in the name of the Stock Plan on the Employee’s behalf.  Once
any such stock certificate is issued and during the period that the Stock Plan
holds the Restricted Shares, Employee shall be entitled to all rights associated
with the ownership of shares of Common Stock not so held, except as follows: (a)
if additional shares of Common Stock become issuable to Employee with respect to
Restricted Shares due to an event described in Section 6 below, any stock
certificate representing such shares shall be issued in the name of the Stock
Plan and delivered to the Committee or its representative and those shares of
Common Stock shall be treated as additional Restricted Shares and shall be
subject to forfeiture to the same extent as the shares of Restricted Shares to
which they relate; (b) if cash dividends are paid on any shares of Common Stock
subject to the terms of this Agreement, those dividends shall be reinvested in
shares of Common Stock and any stock certificate representing such shares shall
be issued in the name of the Stock Plan and delivered to the Committee or its
representative and those shares of Common Stock shall be treated as additional
Restricted Shares and shall be subject to forfeiture to the same extent as any
other Restricted Shares; and (c) Employee shall have no rights inconsistent with
the terms of this Agreement, such as the restrictions on transfer described in
Section 4 below.  Employee shall be entitled to vote all Restricted
Shares following issuance of the stock certificate representing those
shares.

      

      4.           Vesting, Forfeiture and
Restrictions on Transfer of Restricted Shares.

      

      (a)           Generally.  Those
Restricted Shares which have become Vested Restricted Shares pursuant to the
Vesting Schedule shall be considered as fully earned by the Employee, subject to
the further provisions of this Section 4 and any provisions of the Employment
Agreement, as applicable, and the Company shall deliver certificates to the
Employee as soon as administratively practicable following the Vesting Date or
other vesting event and the payment of any required taxes pursuant to the terms
of Section 2.  Any Restricted Shares which do not become Vested
Restricted Shares in accordance with the Vesting Schedule or the provisions of
this Section 4 as of the Employee’s Termination of Employment (as defined in the
Stock Plan) with the Company and/or its affiliates will be forfeited back to the
Company.

      

      (b)           Forfeitures upon Termination
of Employment.

      

      (i)           Termination by
Employee.  Except as provided in Sections 4(b)(iii) and (iv),
upon a Termination of Employment prior to the Vesting Date effected by the
Employee for any reason all Restricted Shares shall be forfeited as of the
effective date of such Termination of Employment.

      

      (ii)           Termination by Company Other
Than for Cause.  Upon a Termination of Employment prior to the
Vesting Date effected by the Company for any reason other than Cause (as
described in Section 4(b)(v)), upon the Employee’s execution of a Separation
Agreement and General Release in favor of the Company after the date of
termination the Employee shall become vested in the following number of
Restricted Shares:

      
        	
                (A)  

              	
                If
      less than one-third (1/3) of the period between the Grant Date and the
      Vesting Date shown on Schedule 1 has elapsed all the Restricted Shares
      will be forfeited;

              

      

      
        	
                (B)  

              	
                If
      at least one-third (1/3) but less than two-thirds (2/3s) of the period
      between the Grant Date and the Vesting Date shown on Schedule 1 has
      elapsed the number of Restricted Shares that become Vested Restricted
      Shares pursuant to this Section 4(b)(ii)(B) shall be the number that bears
      the same relation to all Restricted Shares as (1) the number of full
      calendar months elapsed from the Grant Date to the last date of Employee’s
      employment bears to (2) the number of full calendar months between the
      Grant Date and the Vesting Date, and the remaining Restricted Shares shall
      be forfeited; and

              

      

      
        	
                (C)  

              	
                If
      at least two-thirds (2/3s) of the period between the Grant Date and
      Vesting Date has elapsed, all of the Restricted Shares shall fully vest
      and become Vested Restricted
Shares.

              

      

      The
Vested Restricted Shares shall be delivered within thirty (30) days from the
date of the Employee’s execution of a Separation Agreement and General Release
in favor of the Company.  Notwithstanding the foregoing provisions of
this Section 4(b)(ii), if the Employee refuses to sign, or elects to revoke
during any permitted revocation period, the Separation Agreement and General
Release, then the vesting of any Restricted Shares pursuant to this Section
4(b)(ii) shall not occur and all Restricted Shares shall be
forfeited.

      

      (iii)           Retirement.  Upon
the Employee’s voluntary Termination of Employment prior to the Vesting Date on
or after attaining age 62, (A) if the last date of Employee’s employment is
twelve (12) months or less from the Grant Date, all Restricted Shares shall be
forfeited; or (B) if the last date of Employee’s employment is at least twelve
(12) months and one day from the Grant Date, all of the Restricted Shares shall
vest and become Vested Restricted Shares.  The Restricted Shares that
vest in accordance with Clause (B) of this Section 4(b)(iii) shall become Vested
Restricted Shares as of the last date of Employee’s employment
..  Vested Restricted Shares shall be delivered within thirty (30) days
after the vesting event.

      

      (iv)           Death or
Disability.  Upon the Employee’s Termination of Employment
prior to the Vesting Date due to death or disability, all of the Restricted
Shares shall vest and become Vested Restricted Shares on the last date of
Employee’s employment.  Vested Restricted Shares shall be delivered
within thirty (30) days after the vesting event.

      

      (v)           Termination by Company for
Cause.  Upon a Termination of Employment prior to the Vesting
Date effected by the Company for Cause (as defined in Employment Agreement), all
Restricted Shares shall be forfeited as of the effective date of such
termination of employment.

      

      (c)           Certain Breaches of
Employment Agreement. Notwithstanding anything to the contrary herein,
if, at any time, the Company determines that the Employee has breached any of
the terms, provisions and restrictions imposed upon Employee under the
Employment Agreement, all of the Restricted Shares, including any Restricted
Shares that have become Vested Restricted Shares, shall be
forfeited.  Such forfeiture shall occur without limiting the Company’s
other rights and remedies available under the Employment Agreement.

      

      (d)           Restrictions on Transfer of
Restricted Shares.  Employee shall effect no disposition of
Restricted Shares prior to the date that an unrestricted certificate for Vested
Restricted Shares in his name is delivered to him by the Committee; provided,
however, that this provision shall not preclude a transfer by will or the laws
of descent and distribution in the event of the death of the
Employee.

      

      (e)           Legends.  Employee
agrees that the Company may endorse any certificates for Restricted Shares or
Vested Restricted Shares with such legends to reflect the restrictions provided
for herein or otherwise required by applicable federal or state securities
laws.  The Company need not register a transfer of the Restricted
Shares and may also instruct its transfer agent not to register the transfer of
the Restricted Shares unless the conditions specified in any legends are
satisfied.

      

      5.           Removal of Legend and
Transfer Restrictions.  Any restrictive legends and any related
stop transfer instructions may be removed at the direction of the Committee and
the Company shall issue necessary replacement certificates without that portion
of the legend to the Employee as of the date that the Committee determines that
such legend(s) and/or instructions are no longer applicable.

      

      6.           Change
in Capitalization.

      

      (a)           The
number and kind of Restricted Shares shall be proportionately adjusted to
reflect a merger, consolidation, reorganization, recapitalization,
reincorporation, stock split, stock dividend (in excess of two percent (2%)) or
other change in the capital structure of the Company in accordance with the
terms of the Stock Plan. All adjustments made by the Committee under this
Section shall be final, binding, and conclusive upon all parties.

      

      (b)           The
existence of the Stock Plan and the Restricted Stock Grant shall not affect the
right or power of the Company to make or authorize any adjustment,
reclassification, reorganization or other change in its capital or business
structure, any merger or consolidation of the Company, any issue of debt or
equity securities having preferences or priorities as to the Common Stock or the
rights thereof, the dissolution or liquidation of the Company, any sale or
transfer of all or part of its business or assets, or any other corporate act or
proceeding.

      

      7.           Governing
Laws.  This Agreement shall be construed, administered and
enforced according to the laws of the State of Delaware.

      

      8.           Successors.  This
Agreement shall be binding upon and inure to the benefit of the heirs, legal
representatives, successors, and permitted assigns of the parties.

      

      9.           Notice.  Except
as otherwise specified herein, all notices and other communications under this
Agreement shall be in writing and shall be deemed to have been given if
personally delivered or if sent by registered or certified United States mail,
return receipt requested, postage prepaid, addressed to the proposed recipient
at the last known address of the recipient.  Any party may designate
any other address to which notices shall be sent by giving notice of the address
to the other parties in the same manner as provided herein.

      

      10.           Severability.  In
the event that any one or more of the provisions or portion thereof contained in
this 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 Agreement, and this Agreement shall be construed as
if the invalid, illegal or unenforceable provision or portion thereof had never
been contained herein.

      

      11.           Entire
Agreement.  Subject to the terms and conditions of the Stock
Plan, and the applicable provisions of the Employment Agreement, this Agreement
expresses the entire understanding and agreement of the parties with respect to
the subject matter.  In the event of any conflict between the
provisions of the Stock Plan and the terms of this Agreement, the provisions of
the Stock Plan will control.  The Restricted Stock Grant has been made
pursuant to the Stock Plan and an administrative record is maintained by the
Committee indicating under which plan the Restricted Stock Grant is
authorized.

      

      12.           Violation.  Any
disposition of the Restricted Shares or any portion thereof shall be a violation
of the terms of this Agreement and shall be void and without
effect.

      

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

      

      14.           Specific
Performance.  In the event of any actual or threatened default
in, or breach of, any of the terms, conditions and provisions of this Agreement,
the party or parties who are thereby aggrieved shall have the right to specific
performance and 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.

      

      15.           No Right to Continued
Retention.  Neither the establishment of the Stock Plan nor the
award of Restricted Shares hereunder shall be construed as giving Employee the
right to a continued service relationship with the Company or an
affiliate.

      

      16.           Definitions.  Any
terms which are capitalized herein but not defined herein shall have the meaning
set forth in the Stock Plan.

      

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      SCHEDULE
1

      TO
TYSON FOODS, INC.

      RESTRICTED
STOCK GRANT

      

      Vesting
Schedule

      

      
        	
                A.

              	
                Provided
      that the Employee continues to be employed by the Company or any affiliate
      on the applicable Vesting Date described in this Part A, the Restricted
      Shares shall become Vested Restricted Shares as
  follows:

              

      

      

      
        	
                Percentage
      of Shares

              	 
      
	
                Which are Vested Restricted
      Shares

              	
                Vesting Date

              
	 
      	 
      
	
                100%

              	
                October
      5, 2012

              

      

      

      Notwithstanding
the foregoing, the events described in Sections 4(b)(ii), (iii) and (iv) of the
Additional Terms and Conditions to the Agreement, and the change of control
provisions of the Employment Agreement, provide for accelerated vesting of all
or a portion of the Restricted Shares to the extent and in the manner described
by such provisions.  Except as otherwise provided in Sections
4(b)(ii), (iii) or (iv) of the Additional Terms and Conditions to the Agreement,
and the change of control provisions of the Employment Agreement, all Restricted
Shares shall be forfeited if the Employee experiences a Termination of
Employment prior to the Vesting Date.

      

      
        	
                B.

              	
                The
      provisions of this Vesting Schedule are subject to, and limited by, all
      applicable provisions of the
Agreement

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