Company: NGVT
Filing Date: 2025-03-10
Form Type: PREC14A
Source: 0001308179-25-000061
Chunk: 45

Company: Ingevity Corp
Filing Date: 2025-03-10
Form: PREC14A
Chunk 45
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 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   
 annual base salary; (b) a material diminution in the executive’s authority, duties, or responsibilities; (c) a material            
 change in the geographic location at which the executive must perform services for the Company; or (d) any other action or         
 inaction that constitutes a material breach by the Company of the award agreement.                                                 |

| 64 | INGEVITY  |  2025 
 Proxy Statement   |

Compensation Discussion and Analysis Other compensation and benefits

| n | Poor Performance is defined as the continuing failure by the executive to perform the executive’s                          
 duties in any material respect, as determined in the sole discretion of the Company, provided, however, that the executive 
 shall be given notice and an opportunity effectuate a cure as determined by the Company in its sole discretion.            |
| n | Qualified Termination means a termination of employment by the Company without Cause, other than as a result of death      
 or disability, or a termination of employment by the executive for Good