Company: NGVT
Filing Date: 2025-03-20
Form Type: DEFC14A
Source: 0001308179-25-000174
Chunk: 83

Company: Ingevity Corp
Filing Date: 2025-03-20
Form: DEFC14A
Chunk 83
---
       
 transaction reporting system for the principal national securities exchange on which shares of Common Stock are listed on       
 that date, or, if there shall have been no such sale so reported on that date, on the last preceding date on which such a       
 sale was so reported, (ii) if the Common Stock is not so listed, the average of the closing bid and asked price on that date,   
 or, if there are no quotations available for such date, on the last preceding date on which such quotations shall be available, 
 as reported by an interdealer quotation system, (iii) if shares of Common Stock are not publicly traded, the most recent value  
 determined by an independent appraiser appointed by the Committee for such purpose as of a date within the preceding 12 months, 
 or (iv) if none of the above are applicable, the fair market value of a share of Common Stock as determined reasonably and      
 in good faith by the Committee.  For purposes of establishing the fair market value of shares of Common Stock underlying        
 Stock Options and Stock Appreciation Rights, “Fair Market Value” shall be determined in a manner consistent with                
 securing exemption from, or avoiding adverse taxation under, Section 409A of the Code.                                          |
| (w) | “Fiscal Year” means the calendar year of the Company.                                                                           |
| (x) | “Good Reason” means (i) “Good Reason” as defined in any individual agreement or Award Agreement                                 
 to which the applicable Participant is a party, or (ii) if there is no such individual agreement or if it does not define       
 Good Reason (or its equivalent), any of the following without the Participant’s prior written consent: (A) a material           
 reduction in the Participant’s rate of annual base salary, (B) a relocation of the Participant’s principal place                
 of business more than 35 miles from the city in which such Participant’s principal place of business is located and             
 a further distance from the Participant’s principal residence or (C) a material and demonstrable adverse change in the          
 nature and scope of the Participant’s duties. In order to invoke a termination of employment for Good Reason, a Participant     
 shall provide written notice to the Company of the existence of one or more of the conditions described in clauses (A) through  
 (C) within 90 days following the Participant’s knowledge of the initial existence of such condition or conditions, and          
 the Company shall have 30 days following receipt of such written notice (the “Cure Period