Crompton Corporation Restricted Stock Agreement with Optionee (November 23, 2004)
Crompton Corporation has entered into a Restricted Stock Agreement with an employee or optionee, granting them a specified number of shares under the company's 1998 Long Term Incentive Plan. The shares are subject to a vesting schedule, with half becoming available on the fourth anniversary of the grant date and the remaining half on the fifth anniversary. Both parties agree that the award is governed by the terms of the Plan, which is attached to the agreement.
Exhibit 10.2
Crompton Corporation
199 Benson Road
Middlebury, CT 06749
(203) 573-2000
Restricted Stock Agreement
[Name of Optionee]
Pursuant to the terms and conditions of the Crompton Corporation 1998 Long Term Incentive Plan ("the Plan"), you have been granted a Restricted Stock Award for [ ] shares of stock as outlined below.
| Granted To: | [Name of Optionee] |
| Grant Date: | November 23, 2004 |
| Restricted Stock Granted: | [Number of Stock Granted] |
| Vesting Schedule: | 50% on Fourth Anniversary, 50% on Fifth Anniversary; |
| [ ] shares on November 23, 2008; and | |
| [ ] shares on November 23, 2009. |
By your signature and the Company's signature below, you and the Company agree that these Restricted shares are granted under and governed by the terms and conditions of the Plan. A copy of
the Plan is attached and made a part of this document.
| Signature: | Date: |
| Signature: | Date: |
