Company: NGVT
Filing Date: 2025-03-19
Form Type: PRER14A
Source: 0001308179-25-000166
Chunk: 87

Company: Ingevity Corp
Filing Date: 2025-03-19
Form: PRER14A
Chunk 87
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 Stock as determined reasonably and      
 in good faith by the Committee.  For purposes of establishing the fair market value of shares of Common Stock underlying        
 Stock Options and Stock Appreciation Rights, “Fair Market Value” shall be determined in a manner consistent with                
 securing exemption from, or avoiding adverse taxation under, Section 409A of the Code.                                          |
| (w) | “Fiscal Year” means the calendar year of the Company.                                                                           |
| (x) | “Good Reason” means (i) “Good Reason” as defined in any individual agreement or Award Agreement                                 
 to which the applicable Participant is a party, or (ii) if there is no such individual agreement or if it does not define       
 Good Reason (or its equivalent), any of the following without the Participant’s prior written consent: (A) a material           
 reduction in the Participant’s rate of annual base salary, (B) a relocation of the Participant’s principal place                
 of business more than 35 miles from the city in which such Participant’s principal place of business is located and             
 a further distance from the Participant’s principal residence or (C) a material and demonstrable adverse change in the          
 nature and scope of the Participant’s duties. In order to invoke a termination of employment for Good Reason, a Participant     
 shall provide written notice to the Company of the existence of one or more of the conditions described in clauses (A) through  
 (C) within 90 days following the Participant’s knowledge of the initial existence of such condition or conditions, and          
 the Company shall have 30 days following receipt of such written notice (the “Cure Period”) during which it may                 
 remedy the                                                                                                                      |

| INGEVITY  |  2025 
 Proxy Statement   | 121 |

Appendix B: Ingevity Corporation 2025 Omnibus Incentive Plan

|      | condition. In the event that the Company fails to remedy the condition constituting Good Reason during                         
 the Cure Period, the Participant must terminate employment, if at all, within 90 days following the Cure Period in order for   
 such termination of employment to constitute a termination of employment for Good Reason.                                      |
| (y)  | “Grant Date” means (i) the date on which the Committee by resolution selects an eligible individual                            
 to receive a grant of an Award and determines the number of shares of Common Stock to be subject to such Award or the formula  
 for earning a number of shares or cash amount or (ii) such