Company: NGVT
Filing Date: 2025-03-20
Form Type: DEFC14A
Source: 0001308179-25-000174
Chunk: 46

Company: Ingevity Corp
Filing Date: 2025-03-20
Form: DEFC14A
Chunk 46
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losure, 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.                                                 |

| 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