Summary of Terms of Employment for George F. Knight as Executive Vice President and CFO of Hexion Inc.

Summary

This agreement confirms George F. Knight's promotion to Executive Vice President and Chief Financial Officer at Hexion Inc., effective January 1, 2016. He will receive a base salary of $475,000 per year and is eligible for annual and long-term incentive compensation, subject to company performance and board approval. The employment is at-will, meaning either party can end the relationship at any time. The offer must be accepted by November 23, 2015, and is governed solely by the terms outlined in this letter.

EX-10.79 2 exhibit1079-2015.htm SUMMARY OF TERMS OF EMPLOYMENT Exhibit

Exhibit 10.79

October 22, 2015

George F. Knight

4685 Pine Tree Court

Westerville, OH 43082

Dear George:

It is a pleasure to confirm your promotion to the role of Executive Vice President and Chief Financial Officer. The purpose of this letter is to outline the terms associated with your transition to this role. In your new position you will continue to be located in Columbus, OH and you will report to me.

Please acknowledge acceptance of this offer by signing in the space provided on the last page and returning the original to me. This letter contains all of the terms and conditions of this offer, no others are authorized and you acknowledge that you are not relying on any terms or conditions that are not listed in this offer. This offer expires November 23, 2015.

If you have any questions or there is anything requiring clarification, please give me a call. Congratulations and I look forward to your continued contributions.

Sincerely,

/s/ Craig O. Morrison

Craig O. Morrison

President & CEO

cc: Judy Sonnett

HEXION INC.

SUMMARY OF TERMS OF EMPLOYMENT

FOR: George F. Knight


Position:	Executive Vice President and Chief Financial Officer


Base Salary:	$475,000 per year


Anticipated Start Date:	January 1, 2016

Incentive:

Based on your position and salary, you are eligible to participate in Hexion’s annual incentive compensation plan (the “ICP”). Your target incentive award is 70% of your Base Salary. The ICP is contingent upon the achievement of specific company goals as determined by the Compensation Committee of the Hexion LLC Board of Managers (the “Compensation Committee”). The terms of the ICP and eligibility for participation are reviewed annually.


Long Term Incentive (LTI):	Based on your position and salary, you are eligible to participate in company LTI programs. All nominations must be reviewed and approved by the Compensation Committee.


Terms of Plans:	Some of the above are highlights of various plans or programs, and all are subject to the terms of the actual plans and programs.


"AT WILL" Statement:	The legal nature of this employment contract is one "AT WILL", which means that either you or the Company can end this relationship at any time.

OFFER ACCEPTED:

/s/ George F. Knight October 22, 2015

Signature Date