Company: NGVT
Filing Date: 2025-03-19
Form Type: PRER14A
Source: 0001308179-25-000166
Chunk: 49

Company: Ingevity Corp
Filing Date: 2025-03-19
Form: PRER14A
Chunk 49
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| PSUs                                                |     | Vest on a pro rata basis beginning on or after the first                               
 anniversary of the Award Date, subject to actual                                       
 performance as certified by the T&C Committee following                                
 the end of the performance period.                                                     |     |                  |     |                           |     | Immediately vest in full. |     | Vest on a pro rata basis, subject to actual performance through the date of the change of control, or based on target 
 performance, if higher than actual performance.                                                                       |

Relevant definitions:

| n | Retirement is defined as a termination by the grantee, not for Cause or certain other circumstances,                               
 upon the date that the grantee reaches Retirement Age. Commencing with awards granted in 2021, “Retirement Age”                    
 means on or after age 55 (with at least 20 years of service) or age 65 (with at least 5 years of service) for the participants     
 who received non-grandfathered language. However, certain participants received grandfathered language in their 2021 awards        
 whereby Retirement Age is defined as age 65 (or 55 with at least 20 years of service), which is the same definition in effect      
 for awards issued prior to 2021. Both Mr. Woodcock and Ms. Hall have reached Retirement Age.                                       |
| n | Cause is defined as: (a) the willful or gross neglect by the executive to perform his or her employment duties with the            
 Company (or its affiliates) in any material respect; (b) a plea of guilty or nolo contendere to, or conviction for, the commission 
 of a felony offense by the executive; (c) a material breach by the executive of a fiduciary duty owed to the Company (or its       
 affiliates); (d) a material breach by the executive of any nondisclosure, non-solicitation or non-competition obligation           
 owed to the Company (or its affiliates); (e) a clearly established, willful and material violation by the executive of the         
 Company’s Code of Conduct; or (f) a willful and material act by the executive that represents a gross breach of                    
 trust that is inconsistent with the executive’s position of authority with the Company and is materially and demonstrably          
 injurious to the Company, including through potential loss of reputation.                                                          |
| n | Good Reason (but only after a change of control during the requisite period) means: (a) a material diminution in the executive’s