Company: CENX
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001552781-25-000153
Chunk: 49

Company: CENTURY ALUMINUM CO
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 49
---
 nonrecurring events, subject to limitations set forth in the Plan. Effect of Change in Control; Double-Trigger Vesting The Plan provides for double-trigger vesting in the event of a change in control of the Company. If outstanding awards under the Plan are replaced in connection with a change in control, those replacement awards will not immediately vest on a “single trigger” basis, but would accelerate (with performance awards vesting at target, or as otherwise provided in an award agreement) only if the participant is terminated without cause or resigns for good reason (as those terms are defined in the Plan) during (i) the 24-month period following a change in control or (ii) the six-month period prior to a change in control if the participant’s termination arose in connection with the change in control. If outstanding awards under the Plan are not exchanged for substitute awards in the event of a change in control, unless the Committee determines otherwise at the time of grant of a particular award, all outstanding awards held by the participant would become fully vested, exercisable and free of restrictions and the amount earned under awards subject to performance vesting will be at target, or as otherwise provided in an award agreement.

| 2025            
 Proxy Statement | 64 |

Proposal No. 4 For purposes of the Plan, a “change in control” generally means an event in which:

| • | any                                                                                      
 person (other than certain excluded persons, or Glencore plc or any of its subsidiaries, 
 affiliates, successors or assigns (collectively, “Glencore”)) becomes a beneficial       
 owner of Company securities representing 50% or more of the combined voting power of the 
 Company’s then outstanding voting securities;                                            |

| • | Glencore                                                                                         
 becomes the beneficial owner of all the issued and outstanding voting securities of the Company; |

| • | the                                                                                  
 Company’s stockholders approve a complete liquidation or dissolution of the Company; 
 or                                                                                   |

| • | a                                                                                                 
 Business Combination (as defined in the Plan) is consummated, other than a Business Combination   
 in which at least 50% of the combined voting power of the voting securities of the entity         
 resulting from the Business Combination are owned by stockholders of the Company in substantially 
 the same proportions as their ownership of the Company prior to such transaction, and subject     
 to certain other exceptions as provided in the Plan.                                              |

Individual award agreements may provide for different treatment on a change in control. Amendment and Termination Our Board