Crompton Corporation Restricted Stock Grant Letter (2004-2006)

Summary

Crompton Corporation has granted restricted stock to the recipient as part of its 2004-2006 Long Term Incentive program. The shares will vest in three installments: 25% on January 19, 2005, 25% on January 19, 2006, and 50% on January 19, 2007. The purpose of this grant is to align the recipient’s interests with increasing shareholder value and to help meet stock ownership requirements. The letter outlines the vesting schedule and emphasizes the importance of long-term ownership.

EX-10.30 7 d58828_ex10-30.txt LETTER Exhibit 10.30 February 3, 2004 <> <> CROMPTON CORPORATION Dear <>: At the January 19th meeting of the Organization, Compensation and Governance committee it was decided to use restricted stock as the vehicle for Long Term Incentive for the 2004-2006 program period. Increasing shareholder value is the single most important goal for this cycle. Stock ownership is most aligned to the achievement of this goal. Consistent with this objective, you have been granted <> shares. These shares will vest as follows: 25% On January 19, 2005 25% On January 19, 2006 50% On January 19, 2007 These shares are intended for long term ownership and can help satisfy your stock ownership requirements which is an important responsibility that you have. Sincerely, RLW/lsr