EMPLOYMENT AGREEMENT BETWEEN MICHAEL A. STIMPERT AND GOLD KIST, INC.Employment Agreement |
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Exhibit 10.2
EMPLOYMENT AGREEMENT
BETWEEN
MICHAEL A. STIMPERT
AND
GOLD KIST, INC.
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EMPLOYMENT AGREEMENT |
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1. |
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Effective Date |
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2. |
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Employment |
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1 |
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3. |
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Employment Period |
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1 |
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4. |
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Extent of Service |
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1 |
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5. |
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Compensation and Benefits |
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2 |
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(a) |
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Base Salary |
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2 |
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(b) |
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Incentive, Savings and Retirement Plans |
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2 |
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(c) |
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Welfare Benefit Plans |
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3 |
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(d) |
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Expenses |
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3 |
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(e) |
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Fringe Benefits |
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3 |
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(f) |
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Vacation |
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3 |
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(g) |
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Acceleration of Vesting of Equity Awards |
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3 |
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6. |
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Change in Control |
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3 |
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7. |
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Termination of Employment |
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5 |
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(a) |
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Death or Retirement |
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5 |
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(b) |
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Disability |
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5 |
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(c) |
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Termination by the Company |
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5 |
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(d) |
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Termination by Executive |
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6 |
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(e) |
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Notice of Termination |
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7 |
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(f) |
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Date of Termination |
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7 |
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8. |
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Obligations of the Company upon Termination |
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7 |
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(a) |
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Termination by Executive for Good Reason; Termination by the Company Other Than for Cause or Disability |
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7 |
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(b) |
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Death, Disability or Retirement |
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8 |
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(c) |
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Cause; Other than Good Reason |
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9 |
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(d) |
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Expiration of Employment Period |
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9 |
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(e) |
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Resignations |
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9 |
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9. |
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Non-exclusivity of Rights |
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9 |
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10. |
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Full Settlement; No Mitigation |
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9 |
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11. |
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Costs of Enforcement |
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9 |
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12. |
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Certain Additional Payments by the Company |
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10 |
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13. |
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Restrictions on Conduct of Executive |
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13 |
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(a) |
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General |
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13 |
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(b) |
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Definitions |
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13 |
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(c) |
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Restrictive Covenants |
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15 |
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(d) |
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Enforcement of Restrictive Covenants |
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16 |
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