Rules of General Application Under the Cytec Industries Inc. 1993 Stock Award and Incentive Plan (Adopted 2/9/2006)

Summary

This document clarifies the rules for stock options granted to employees of Cytec Industries Inc. and its subsidiaries under the 1993 Stock Award and Incentive Plan. It specifies how the exercise period for options is determined after an employee's termination due to death, disability, or retirement, stating that options may be exercised for one year after the last date any un-cancelled options or stock appreciation rights become fully exercisable. The rule applies only to options granted before February 9, 2006.

EX-10.2 10 a5083158ex10_2.txt EXHIBIT 10.2(P) Exhibit 10.2(p) RULES OF GENERAL APPLICATION UNDER THE CYTEC INDUSTRIES INC. 1993 STOCK AWARD AND INCENTIVE PLAN (Adopted 2/9/2006) Rule 4. This Rule applies to stock options granted to employees of the Corporation and its subsidiaries by, or under the authority of, the Compensation and Management Development Committee (the "Committee"). The provision in certain options which states that the last date on which the option may be exercised after the termination of employment by reason of death, disability or retirement on or after age 55 with ten or more years of service shall be "until one year after the last date on which any options granted to you by the Company, which are not subsequently cancelled, become fully exercisable" shall be interpreted to mean "until one year after the last date on which any options or SARs granted to you by the Company, which are not subsequently cancelled, become fully exercisable." This Rule does not apply options granted on or after February 9, 2006.