Trinseo LLC Letter Agreement to Marilyn Horner Defining 'Retirement' for 2014 Omnibus Incentive Plan Equity Awards
This letter agreement between Trinseo LLC and Ms. Marilyn Horner defines the term 'Retirement' for the purposes of her stock options and restricted stock units granted under the company's 2014 Omnibus Incentive Plan. 'Retirement' is specified as leaving active employment after reaching age 55 and completing at least six years of continuous service with the company. The agreement clarifies how retirement status will be determined for these equity awards.
Exhibit 10.4
| |
|
| Trinseo LLC | |
| 1000 Chesterbrook Blvd. | |
| Suite 300 | |
| Berwyn, PA 19312 |
May 11, 2015
Ms. Marilyn Horner
Dear Ms. Horner:
RE: Definition of Retirement for Purposes of Equity Awards under 2014 Omnibus Incentive Plan
This letter confirms that the following definition of "Retirement” is applicable to the Stock Options granted to you on February 27, 2015:
"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 the Restricted Stock
Units granted to you on February 27, 2015:
"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.
**
|
| Trinseo S.A. | ||
|
|
|
|
|
|
|
|
|
|
|
| By: |
| /s/ Christopher D. Pappas |
|
| Name: Christopher D. Pappas | ||
|
| Title: Chief Executive Officer and President | ||
