Trinseo S.A. Letter Agreement to Marilyn Horner Defining 'Retirement' for Equity Awards under 2014 Omnibus Incentive Plan
Trinseo S.A. confirms to Marilyn Horner that, for all current and future stock options and restricted stock units granted under the 2014 Omnibus Incentive Plan, 'Retirement' is defined as leaving active employment after reaching age 55 with at least six years of continuous service at the company. This definition applies unless otherwise notified. The letter is signed by Trinseo's CEO and President.
| | Exhibit 10.5
Trinseo S.A. 4, rue Lou Hemmer L-1748 Luxembourg – Findel Grand Duchy of Luxembourg |
March 1, 2016
Ms. Marilyn Horner
Dear Ms. Horner:
RE: Definition of Retirement for Purposes of Equity Awards under 2014 Omnibus Incentive Plan (the "Plan")
This letter confirms that the following definition of "Retirement" is applicable to all Stock Options granted to you under the Plan to date and in the future unless otherwise notified:
"Retirement" means a retirement from active Employment after the Optionee has attained age fifty-five (55) with at least six (6) years of continuous service with the Company.
This letter confirms that the following definition of "Retirement" is applicable to all Restricted Stock Units granted to you under the Plan to date and in the future unless otherwise notified:
"Retirement" means a retirement from active Employment after the Grantee has attained age fifty-five (55) with at least six (6) years of continuous service with the Company.
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| Trinseo S.A. | |
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| By: | /s/ Christopher D. Pappas |
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| Name: | Christopher D. Pappas |
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| Title: | Chief Executive Officer and President |
