Company: NGVT
Filing Date: 2025-03-19
Form Type: PRER14A
Source: 0001308179-25-000166
Chunk: 50

Company: Ingevity Corp
Filing Date: 2025-03-19
Form: PRER14A
Chunk 50
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 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.                                                 |

| INGEVITY  |  2025 
 Proxy Statement   | 65 |

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 Reason.                                            |

Benefits to be received are further described under “Potential Payments Upon Certain Termination Events or a Change of Control.” Retirement Savings Plan The Company maintains the Ingevity Corporation Retirement Savings Plan, adopted as of January 1, 2016 (as amended, the “RSP”). The RSP allows participants to make pay contributions on a pre-tax, Roth, and after-tax basis. The RSP provides for a Company match of up to 6% and an additional 3% automatic non-contributory Company contribution. Contributions and Company matches are 100% vested immediately, while any automatic non-contributory Company contribution is 100% vested after the first three years of employment. Retirement Restoration Plan The Company maintains a Retirement Restoration Plan that mirrors benefits provided under the WestRock Pension Plan, a qualified defined benefit plan sponsored and maintained by our former parent company, WestRock Company. The Retirement Restoration Plan is a non-qualified plan that was adopted by the Company to honor historical WestRock obligations under an Employee Matters Agreement between WestRock and the Company as part of the separation. Benefit amounts under the plan were frozen at the time of the separation. No additional employees may become participants under the plan and no current participants are accruing any additional benefits (other than what was in place and frozen at the time of separation). Messrs. Woodcock and Fisher are the only NEOs with a benefit under the plan. Nonqualified Deferred Compensation Plan The Company maintains the Ingevity Corporation Deferred Compensation Plan, effective January