QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.36    
    


CHASE CORPORATION  


Long Term Incentive Plan

Award Design and Grant Process

Fiscal Year Ending August 31, 2007  


 Key Provisions  



	•
	Long
term incentive: performance shares



	•
	Eligibility:
key executives and others



	•
	Performance
measures: Earnings Before Tax (EBT) as approved by the Board of Directors



	•
	Vesting:
August 31, 2009



	•
	Performance
measurement period: September 1, 2006 through August 31, 2007



	•
	Grant
date: first day of measurement period



	•
	Stock
price for award: closing price for last trading day prior to grant date ($16.75)



	•
	Threshold:
the point at which an award is earned (80% of target). Between threshold and target the award increases on a pro-rata basis.



	•
	Stretch
area: performance in excess of target awarded at a higher rate (150% for 120% achievement) with no cap.



	•
	Termination
provisions: 







	Termination Event
 
	 	Vesting
	 	Payment in Shares

	Retirement	 	Pro-rated	 	Paid as scheduled
	Voluntary	 	All shares forfeit	 	No payment
	Without cause	 	Pro-rated	 	Paid as scheduled
	With cause	 	All shares forfeit	 	No payment
	Upon change of control	 	Acceleration at target	 	Paid at change of control
	Death or disability	 	Pro-rated	 	Paid as scheduled





Example:

Grant 1000 performance shares

Stock price (8/31/06) is $16.75

Threshold is 80% of target

Stretch area pays out pro-rata at rate of 150% for 120% achievement. 



	Performance
 
	 	EBT
	 	Payout % of Target
	 	Vesting Shares

	Threshold	 	80% of Target	 	50	%	500
	Target	 	100% of Target	 	100	%	1000
	Stretch	 	120% of Target	 	150	%	1500
	
Recommended Award Levels @ Target for FY 2007
	
 	

 	
 	

 	
 	

 
	Peter R. Chase	 	26,730 shares	 	 	 	 
	Adam P. Chase	 	7,563 shares	 	 	 	 
	Terry M. Jones	 	6,142 shares	 	 	 	 
	Kenneth L. Dumas	 	3,880 shares	 	 	 	 
	 	 	
	 	 	 	 
	 	 	44,315 total shares	 	 	 	 





        Pre-tax
expense at target is 44,315 @ $16.75 = $742,276 spread over 3 years. 









	Participant
 
	 	Annual Salary
	 	% Salary
	 	Target Award
	 	Shares @ 100%

	Peter R Chase

President & CEO	 	$	447,720	 	100	%	$	447,720	 	26,730
	

Adam P Chase	
 	
$	

178,000	
 	

50	
%	
$	

89,000	
 	

5313 × 5/12 = 2214
	VP & COO	 	$	192,000	 	80	%	$	153,600	 	9170 × 7/12 = 5349
	 	 	 	 	 	 	 	 	 	 	7563
	

Terry M Jones	
 	
$	

178,000	
 	

50	
%	
$	

89,000	
 	

5313 × 5/12 = 2214
	VP & CMO	 	$	188,000	 	60	%	$	112,800	 	6734 × 7/12 = 3928
	 	 	 	 	 	 	 	 	 	 	6142
	

Kenneth L Dumas	
 	
$	

120,000	
 	

25	
%	
$	

30,000	
 	

1791 × 5/12 =   746
	Treasurer & CFO	 	$	150,000	 	60	%	$	90,000	 	5373 × 7/12 = 3134
	 	 	 	 	 	 	 	 	 	 	3880





Share
price is $16.75.

Salaries are as planned for promotional increases. 


        Award
opportunities are set annually and the plan is subject to the approval of the Compensation and Management Development (C&MD) Committee and may be modified from time-to-time. 


FY 2007 Schedule  



	•
	9/06    Goals
and awards proposed by management for 2007



	•
	9/06    C&MD
Committee reviews and approves 2006 vesting and 2007 plan



	•
	9/07    Management
presents assessment of goal achievement and 2008 proposal



	•
	9/07    C&MD
Committee approves 2007 vesting and 2008 goals/awards



	•
	8/09    Vested
2007 shares are released to participant 
















QuickLinks



Exhibit 10.36