Company: NGVT
Filing Date: 2025-03-19
Form Type: PRER14A
Source: 0001308179-25-000166
Chunk: 97

Company: Ingevity Corp
Filing Date: 2025-03-19
Form: PRER14A
Chunk 97
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 contract value; (z) annual contract value; and (aa) client satisfaction. Unless otherwise stated, a Performance Goal need not be based upon an increase or positive result under a particular business criterion and could include, for example, maintaining the status quo or limiting economic losses (measured, in each case, by reference to specific business criteria). Further, a Performance Goal may apply to an Employee, one or more business units, divisions or sectors of the Company, or the Company as a whole, and if so desired by the Committee, by comparison with a peer group of companies including by direct reference to peers, by reference to an index, or by a similar mechanism. 13.3 Adjustment of Performance Awards.The Committee may provide in any such Performance Award in writing in advance that the results may be adjusted to include or exclude particular factors, including but not limited to any of the following events that occur during a Performance Period: (a) asset write-downs; (b) litigation or claim judgments or settlements; (c) the effect of changes in tax laws, accounting principles, or other laws or provisions affecting reported results; (d) any reorganization and restructuring programs; (e) extraordinary nonrecurring items as described in Accounting Principles Board Opinion No. 30 and/or in management’s discussion and analysis of financial condition and results of operations appearing in the Company’s annual report to shareholders for the applicable Fiscal Year; (f) acquisitions or divestitures; (g) foreign exchange gains and losses; and (h) settlement of hedging activities. Section 14 Change in Control 14.1 General.The provisions of this Section 14 shall, subject to Section 4.1, apply notwithstanding any other provision of this Plan to the contrary, except to the extent the Committee specifically provides otherwise in an Award Agreement. 14.2 Impact of Change in Control.Upon the occurrence of a Change in Control, unless otherwise provided in the applicable Award Agreement: (a) Treatment of Replacement Awards. (i) To the extent that any Award outstanding as of the date of a Change in Control is replaced by a Replacement Award (as defined in Section 14.3 below), such Award shall not vest as a result of the Change in Control,

| 128 | INGEVITY  |  2025 
 Proxy Statement   |

Appendix B: Ingevity Corporation 2025 Omnibus Incentive Plan and instead shall continue to vest and become exercisable (as applicable) subject to the Participant’s continued service