Company: CENX
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001552781-25-000153
Chunk: 45

Company: CENTURY ALUMINUM CO
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 45
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 the Board of Directors, serves on a special committee of the Board or serves as lead director or chairperson of the Board. One-year minimum vesting.The period required for vesting of an equity-based award under the Plan may not be less than one year, other than where awards have been assumed by the Company in connection with a merger or other business combination, where shares are delivered in lieu of a fully vested cash award or awards to non-employee directors that vest on the earlier of the one year anniversary of the date of grant or the next annual meeting of stockholders which is at least 50 weeks after the immediately preceding year’s annual meeting. In addition, awards covering up to five percent of the shares available under the Plan may have a vesting period of less than one year. The foregoing restriction does not apply to the Compensation Committee’s discretion to provide for accelerated exercisability or vesting of any award, including in cases of retirement, death, disability or a change in control, in the terms of the award or otherwise. No repricing without stockholder approval.The Compensation Committee has no authority to reduce the exercise price of any outstanding stock option or SAR. No stock option or SAR may be re-priced or substituted or exchanged for cash or as consideration for the grant of a new award with a lower exercise price without stockholder approval as required by the exchange on which the Company’s shares are then listed, except as may be permitted in connection with an event described below under the heading “Adjustments” or in the event of a change in control. Clawback and cancellation.All awards made under the Plan, and shares of common stock issued thereunder, are subject to applicable Company clawback or recoupment policies as in effect from time-to-time, including the Company’s Incentive Compensation Recoupment Policy (“Clawback Policy”). The current Clawback Policy provides that the Company must seek reimbursement or forfeiture of any incentive-based compensation received by an executive officer of the Company if such compensation was based on the achievement of financial results that were subsequently restated (regardless of whether the officer was responsible for the restatement) and a lower amount would have been paid to or earned by the executive officer based on the restated results, subject to certain exclusions and conditions. The Clawback Policy also provides for compensation recoupment or forfeiture and other remedies against any employee in the event the Compensation Committee or Board determines such employee’s fraud or intentional misconduct was a significant contributing factor in the need for the Company to undertake an accounting restatement. For further