Company: AVNT
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001122976-25-000019
Chunk: 77

Company: AVIENT CORP
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 77
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We do not have to make payments to Named Executive Officers under the Executive Severance Plan if they are entitled to receive payment under a Continuity Agreement discussed above. In addition, in order to receive payments under the Executive Severance Plan, the Named Executive Officer must execute a release of claims against us and is subject to confidentiality, non-compete, non-solicitation and non-disparagement covenants during the two-year severance period.

Long-Term Incentive Awards

Each of the grant agreements evidencing outstanding awards of RSUs, SARs, cash-settled performance units and performance shares provides that the vesting of such award will accelerate upon a change of control. In the event of a change of control, cash-settled performance units for which all performance periods are completed as of December 31, 2024 are valued at actual attainment, and cash-settled performance units for which all performance periods are not completed as of December 31, 2024 are valued at target attainment. For this purpose, a “change of control” is defined in the applicable equity compensation plan.

The grant agreements also provide for prorated vesting upon death, disability and retirement, as those terms are defined in the grant agreements. In the case of such prorated vesting, cash-settled performance units are generally valued based on actual performance for the applicable performance period (which, for performance periods that were not completed as of December 31, 2024, we have assumed to be target performance for purposes of the table below). Also in the case of such prorated vesting, SARs generally only vest if the performance hurdles have been met as of the date of death, disability or retirement, except that SARs granted in 2018 and later remain eligible to vest if the performance hurdles are satisfied after such termination event.

<div align='center'>PROXY STATEMENT 2025 | Annual Meeting of Shareholders 68</div>

#### EXECUTIVE COMPENSATION
Retirement Benefits

The Avient Supplemental Retirement Benefit Plan that is made available to all of our Named Executive Officers has provisions relating to the termination of employment with Avient. These payments are described more fully in the disclosure provided in the “2024 Nonqualified Deferred Compensation” section of this proxy statement.

Payments and Benefits Upon Termination - as of the End of Fiscal Year 2024

The following table summarizes the amounts payable to the continuing Named Executive Officers and Mr. Rathbun upon termination under specified circumstances or upon