Compensatory Arrangement for Noelle O’Mara as Group President Prepared Foods
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Summary
This agreement outlines the compensation and benefits for Noelle O’Mara upon her promotion to Group President Prepared Foods at the company. Ms. O’Mara receives a $600,000 annual salary, subject to merit increases, and participates in both short-term and long-term executive incentive plans as determined by the board’s Compensation and Leadership Development Committee. She is entitled to severance benefits if terminated without cause and may use company-owned aircraft at the CEO’s discretion, within limits set for executives.
EX-10.18 18 tsn2020q1exh-1018.htm EXHIBIT 10.18 Exhibit
Exhibit 10.18
The Company’s compensatory arrangement with Noelle O’Mara, Group President Prepared Foods, is not set forth in a formal document. A description of such arrangement is as follows:
Upon her promotion to President Prepared Foods, Ms. O’Mara’s annual salary was $600,000, subject to annual merit increases applicable to Company employees generally. She also participates in the Executive Annual Incentive Plan, the Company’s short-term incentive plan for executive officers, and in the Company’s long-term incentive plans, all on terms and in amounts as determined by the Compensation and Leadership Development Committee (the “CLDC”) of Company’s Board of Directors. Ms. O’Mara is also entitled to severance benefits in the event of termination (other than for “cause”) under the Company’s Executive Severance Plan. She is also eligible for personal use of Company-owned aircraft in the CEO’s discretion and subject to an overall limit for executive officers established by the CLDC.
