Company: CENX
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001552781-25-000153
Chunk: 86

Company: CENTURY ALUMINUM CO
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 86
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 registered holder of such Shares. Article 17
Change in Control 17.1 General .Notwithstanding any other provision of this Plan to the contrary and except as provided by the Committee in the applicable Award Agreement, the provisions of this Article 17 shall apply in the event of a Change in Control. 17.2 Vesting if No Substitute Award. Upon a Change in Control, except to the extent that another Award meeting the requirements of Section 17.3 (a “ Substitute Award”) is provided to the participant pursuant to Section 4.3 and Article 18 to replace an outstanding Award (the “ Substituted Award”): (a) Each Option and SAR then outstanding shall become fully vested and exercisable, provided that in the case of any Option or SAR with an Option Price or Grant Price that equals or exceeds the price paid for a Share in connection with the Change in Control, the Committee may cancel the Option or SAR without the payment of consideration therefor; and (b) Each Award held by a Participant in the Plan subject only to vesting conditions based on the passage of time shall be fully vested and each Award subject to performance objectives shall be fully vested and the amount earned and payable shall be determined as provided in the applicable Award Agreement or, in the absence of a provision if the Award Agreement, in an amount equal to the target Award. 17.3 Substitute Awards. An Award shall meet the conditions of this Section 17.3 (and qualify as a Substitute Award) if: (a) it has a value at least equal to the value of the Substituted Award; (b) it relates to publicly traded equity securities of the Company or its successor in the Change in Control or another entity that is affiliated with the Company or its successor following the Change in Control; and (c) its other terms and conditions are not less favorable to the participant than the terms and conditions of the Substituted Award (including the double-trigger vesting provisions that would apply in the event of a subsequent Change in Control and the provisions of Section 17.4 below). Without limiting the generality of the foregoing, the Substitute Award may take the form of a continuation of the Substituted Award if the requirements of the preceding sentence are satisfied. The determination of whether the conditions of this Section 17.3 are satisfied shall be made by the Committee, as constituted immediately before the Change in Control, in its sole discretion. 17.4 Double Trigger Vesting of Substitute Awards.In the event that a Participant has