Tyson Foods Chairman John H. Tyson enters new employment agreement through 2029 with $40M cash award

TYSON FOODS, INC.

New employment agreement with Chairman John H. Tyson through Sep 30, 2029; renews automatically for three-year terms.
Annual base salary $3.5M; target annual incentive 300% of base; long-term incentive target $6M (50% PSUs, 50% RSUs).
One-time $40M cash award subject to pro-rata repayment if voluntary resignation or termination for cause before Sep 30, 2029.
Severance on termination without cause or for good reason: lump sum equal to greater of 2x salary + bonus + LTIP or amounts through Sep 30, 2029.
Non-compete through Sep 30, 2031 (or 24 months post-termination); non-solicitation 24 months; includes personal aircraft use and security services.

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