Document:

exv4w5

 

    EXHIBIT 4.5

 

    Celanese
    Corporation

    2009 Employee Stock Purchase Plan

 

		
	
    1.  
	
    Purpose
    of the Plan

 

    The purpose of the Celanese Corporation 2009 Employee Stock
    Purchase Plan (“Plan”) is to provide employees of
    Celanese Corporation, a Delaware corporation
    (“Celanese”), and certain of its subsidiaries
    described in Section 4 (individually a “Participating
    Employer” and collectively the “Participating
    Employers”) with a strong incentive for individual
    creativity and contribution to ensure the future growth of the
    Participating Employers by enabling such employees to acquire
    shares of common stock of Celanese (the “Celanese
    Stock”), in the manner contemplated by the Plan. Rights to
    purchase Celanese Stock offered pursuant to the Plan are a
    matter of separate inducement and not in lieu of any salary or
    other compensation for the services of any employee. The Plan is
    intended to qualify as an employee stock purchase plan within
    the meaning of Section 423 of the Internal Revenue Code of
    1986, as amended (the “Code”), and shall be
    interpreted accordingly.

 

    2.  Amount
    of Stock Subject to the Plan; Payment for Shares

 

    The total number of shares of Celanese Stock that may be issued
    pursuant to rights of purchase granted under the Plan shall not
    exceed 14,000,000 shares of authorized Celanese Stock. Such
    shares may be: (i) treasury shares, including shares
    acquired by Celanese in open market transactions;
    (ii) authorized but unissued shares,
    and/or
    (iii) shares acquired by the third party administrator of
    the Plan (or its delegate) on the open market. If a right of
    purchase under the Plan expires or is terminated unexercised for
    any reason, the shares as to which such right so expired or
    terminated again may be made subject to a right of purchase
    under the Plan.

 

		
	
    3.  
	
    Administration
    by Committee

 

    The Plan shall be administered by the Compensation Committee of
    the Board (the “Committee”) or, in the absence of a
    Compensation Committee or in the event the Compensation
    Committee is not properly constituted, by the Board itself. To
    the extent necessary, the Committee may delegate any of its
    duties or responsibilities as they pertain to a Participating
    Employer to such Participating Employer. The Committee or any
    Participating Employer with the consent of the Committee may
    appoint or engage any person or persons as a third party
    administrator to perform ministerial functions pertaining to the
    issuance, accounting, recordkeeping, forfeiture, exercise,
    communication, transfer, or any other functions or activities
    necessary or appropriate to administer and operate the Plan (the
    “plan administrator”). Any third party administrator
    engaged to assist the Committee who is not an employee of a
    Participating Employer shall be required to be bonded and
    insured for errors and omissions insurance in such amounts and
    by such carrier as is deemed suitable and appropriate by the
    Committee. The Committee shall administer the Plan all as
    provided herein. The Committee shall hold meetings at such times
    and places as each may determine and may take action by
    unanimous written consent or by means of a meeting held by
    conference telephone call or similar communications equipment
    pursuant to which all persons participating in the meeting can
    hear each other. The Committee may request advice or assistance
    or employ such other persons as each deems necessary for proper
    administration of the Plan. Subject to the express provisions of
    the Plan and the requirements of applicable law, the Committee
    shall have authority, in its discretion, to determine when each
    offering hereunder of rights to purchase shares (hereinafter
    “offering”) shall be made, the duration of each
    offering, the dates on which the purchase period for each
    offering shall begin and end, the total number of shares subject
    to each offering, the purchase price of shares subject to each
    offering and the exclusion of any employees pursuant to
    Section 4; provided that unless the Committee determines
    otherwise, an offering shall begin on the first day of each
    calendar quarter (the “Offering Date”), beginning on
    October 1, 2009, and each offering and the purchase period
    thereunder shall be three (3) months in duration, with each
    offering ending on the day prior to the first day of the
    subsequent offering (the “Purchase Date”). Subject to
    the express provisions of the Plan, the Committee has authority
    (a) to construe offerings, the Plan and the respective
    rights to purchase shares, (b) to prescribe, amend and
    rescind rules and regulations relating to the Plan and
    (c) to make all other determinations necessary or advisable
    for administering the Plan. The determination of the Committee
    with respect to matters referred to in this Section 3 as
    within its province

    

    1

 

    shall be conclusive, except that, to the extent required by law
    or by the Certificate of Incorporation or By-Laws of Celanese,
    the terms of any offering shall be subject to ratification by
    the Board of Directors of Celanese Corporation (the “Board
    of Directors”) or the Committee prior to the effective date
    of such offering.

 

		
	
    4.  
	
    Eligibility

 

    No right to purchase shares shall be granted hereunder to a
    person who is not an employee of Celanese or a subsidiary
    corporation, now existing or hereafter formed or acquired. As
    used in the Plan, the terns “parent corporation” and
    “subsidiary corporation” shall have the meanings
    respectively given to such terms in Sections 424(e) and
    424(f) of the Code (i.e., generally, corporations that,
    in an unbroken chain of corporations including the Company, are
    at least 50%-related to the Company based on total combined
    voting power). Each offering shall be made to all “eligible
    employees” of Celanese and to all eligible employees of any
    of its subsidiary corporations to which participation in the
    Plan is extended by the Committee or its delegate from time to
    time in its discretion. Unless otherwise determined by the
    Committee, the following classes of employees shall be excluded
    from participation in an offering under the Plan:
    (i) employees whose customary employment is 20 hours
    or less per week; (ii) employees whose customary employment
    is for not more than 5 months in any calendar year. In
    addition, the following groups of employees shall be excluded
    from participation in an offering: (i) in the discretion of
    the Committee, as specified in the terms of any offering, highly
    compensated employees within the meaning of Section 414(q)
    of the Code; and (ii) any employee who, immediately after
    the grant of a right to purchase stock pursuant to an offering,
    owns stock possessing 5% or more of the total combined voting
    power or value of all classes of stock of Celanese or of any
    subsidiary or parent corporation of Celanese (in determining
    stock ownership of an individual, the rules of
    Section 424(d) of the Code shall be applied; shares that
    the employee may purchase under outstanding rights of purchase
    and options shall be treated as stock owned by him; and the
    Committee may rely on representations of fact made to it by the
    employee and believed by them to be true).

 

		
	
    5.  
	
    Offerings

 

    The Committee may make grants to all eligible employees of the
    Participating Employers of rights to purchase shares under the
    terms hereinafter set forth. Unless otherwise provided by the
    express provisions of the Plan, the terms and conditions of each
    offering shall state its effective date, shall define the
    duration of such offering and the purchase period thereunder,
    shall specify the number of shares that may be purchased
    thereunder, shall specify the purchase price for such shares and
    shall specify if any employees are excluded pursuant to
    Section 4. During the purchase period specified in the
    terms of an offering, payroll deductions shall be made from such
    employee’s compensation pursuant to Sections 6, 7 and
    8. Any stated purchase period shall end no later than
    27 months from the effective date of any offering
    hereunder. The measure of an employee’s participation in an
    offering shall be such employee’s Base Salary for the
    purchase period specified in such offering, subject to
    appropriate adjustments that would exclude items such as
    reimbursement of moving, travel, trade or business expenses.

 

		
	
    6.  
	
    Participation

 

    An eligible employee may participate in an offering by enrolling
    (or, if the eligible employee previously discontinued
    participation in the Plan pursuant to Section 8, by
    re-enrolling) through the internet website of the plan
    administrator prior to the Offering Date or, if the website is
    unavailable, by completing a payroll deduction authorization
    form and forwarding it to the plan administrator during the
    enrollment period prior to the Offering Date. The employee must
    authorize a regular payroll deduction from the employee’s
    compensation. An employee shall be considered a
    “Participant” in the Plan as of the Offering Date
    immediately following his or her enrollment or re-enrollment in
    the manner specified above and shall continue as a Participant
    until the earlier to occur of (i) the first date of the
    payroll period immediately following the date on which the
    Participant properly registers a discontinuance to the payroll
    deduction authorization information then on file with the
    Committee, the Participating Employer or plan administrator, or
    as soon as administratively practicable after the first day of
    such payroll period, or (ii) the date on which the
    Participant is no longer an eligible employee.

    

    2

 

		
	
    7.  
	
    Deductions
    or Payments

 

    The Committee, or its designee, shall maintain a payroll
    deduction account for each participating employee. With respect
    to any offering made under the Plan, an employee may authorize a
    payroll deduction of any whole percentage up to a maximum of 20%
    of the employee’s Eligible Compensation
    he/she
    receives during the purchase period specified in an offering.
    Interest shall not be accrued, payable or credited under this
    Plan on any amount in the payroll deduction or other Plan
    account. For purposes hereof, “Eligible Compensation”
    means an employee’s salary or hourly base rate of pay, as
    the case may be, and any commissions received by the employee,
    but except to the extent determined otherwise by the Committee,
    shall exclude overtime pay, bonuses, disability payments,
    workers’ compensation payments, and any other payment in
    excess of normal salary or hourly base pay or commissions.

 

		
	
    8.  
	
    Deduction
    or Payment Changes

 

    A Participant may change or discontinue payroll deductions
    through the plan administrator’s website or, if the website
    is unavailable, by completing a new payroll deduction
    authorization form and forwarding it to the plan administrator.
    Any change shall become effective on the first Offering Date
    after the Participant properly registers the change of the
    payroll deduction authorization information then on file with
    the plan administrator, while any discontinuance shall become
    effective on the first day of the payroll period immediately
    following the date on which the Participant properly registers
    the discontinuance of such information, or as soon as
    administratively practicable after the first day of such payroll
    period. The Committee may establish limits on the number of
    times a Participant may be entitled to change or discontinue
    payroll deductions. Unless otherwise permitted by a third party
    plan administrator’s procedures, if a Participant
    discontinues payroll deductions for an offering under the Plan,
    the Participant shall be deemed to have withdrawn from the
    offering pursuant to Section 9 below.

 

		
	
    9.  
	
    Withdrawal
    of Funds

 

    A Participant may at any time and for any reason withdraw the
    entire cash balance then accumulated in such Participant’s
    payroll deduction account and thereby withdraw from
    participating in an offering. Upon withdrawal of the cash
    balance in a payroll deduction or other account, such
    Participant shall cease to be eligible to participate in the
    offering pursuant to which the withdrawn funds were withheld or
    received. Partial withdrawals shall not be permitted. Any cash
    balance withdrawn in accordance with this Section 9 may not
    be transferred to any payroll deduction or other account
    maintained for the employee pursuant to another offering,
    whether under the Plan or under another such plan.

 

		
	
    10.  
	
    Right of
    Purchase — Option for a Maximum Number of
    Shares

 

    The right of an employee to purchase stock pursuant to an
    offering under the Plan shall be an “option” (and an
    offering shall be the “grant” of such option) to
    purchase no more than 25,000 shares (or such lower amount
    as otherwise provided under the Plan) during a purchase period.

 

		
	
    11.  
	
    Maximum
    Allotment of Rights of Purchase

 

    Any right to purchase shares under the Plan shall be subject to
    the limitations of Section 423(b)(8) of the Code (generally
    limiting accrual of the right of any employee to purchase shares
    under all employee stock purchase plans of Celanese and any
    subsidiary or parent corporation, qualified under
    Section 423 of the Code, to an annual rate of $25,000 in
    fair market value on the Offering Date).

 

		
	
    12.  
	
    Purchase
    Price

 

    The purchase price for each share under each right of purchase
    granted pursuant to an offering shall not be less than an amount
    equal to 85% of the fair market value (defined below) of such
    share determined on the Purchase Date For all purposes under
    this Plan, the “fair market value” of a share of
    Celanese Stock on any given date shall be the average of the
    high and low sales prices on such date during normal trading
    hours (or, if there are no reported sales on such date, on the
    last date prior to such date on which there were sales) on the
    New York Stock Exchange

    

    3

 

    Composite Tape or, if not listed on such exchange, on any other
    national securities exchange on which the Celanese Stock is
    listed, in any case, as reporting in such source as the
    Committee shall select.

 

		
	
    13.  
	
    Method of
    Payment

 

    As of the last trading day in each calendar quarter (such date
    being known as an “investment date”), the payroll
    deduction account of each Participant shall be totaled. On such
    investment date such Participant shall purchase without any
    further action, the maximum number of whole and fractional
    shares (subject to the limitations provided in Sections 10
    and 11) possible at a per share purchase price equal to the
    amount determined under Section 12, together with any fees
    or charges associated with such purchase, except as otherwise
    prohibited by law, that can be purchased with the funds in such
    Participant’s payroll deduction account. The
    Participant’s payroll deduction or other account shall be
    charged for the amount of the purchase and shares shall be
    issued for the benefit of the Participant as soon thereafter as
    practicable for the shares so purchased, which shares may be
    issued in nominee name. Except as otherwise prohibited by law,
    all funds in payroll deduction accounts may be used by Celanese
    for its general corporate purposes as the Board of Directors
    shall determine. However, any funds that remain in a
    Participant’s payroll deduction account after applying the
    limitations of Sections 10 and 11 shall be returned to the
    Participant.

 

		
	
    14.  
	
    Rights as
    a Stockholder

 

    A Participant shall have no rights as a stockholder with respect
    to any shares covered by a right of purchase until a stock
    certificate for such shares is issued to the benefit of such
    Participant, which stock certificate may be issued in nominee
    name. No adjustment will be made for dividends (ordinary or
    extraordinary, whether in cash or in other property) or
    distributions or other rights for which the record date is prior
    to the date such stock certificate is issued, except as provided
    in Section 16.

 

		
	
    15.  
	
    Rights
    Not Transferable

 

    Rights to purchase shares under the Plan are not transferable by
    a participating employee and may be exercised only by such
    Participant during such Participant’s lifetime.

 

		
	
    16.  
	
    Adjustment
    of Shares

 

    If any change is made in the number, class or rights of shares
    subject to the Plan or subject to any offering under the Plan
    (through merger, consolidation, reorganization,
    recapitalization, stock dividend,
    split-up,
    combination of shares, exchange of shares, issuance of rights to
    subscribe or other change in capital structure), appropriate
    adjustments shall be made as to the maximum number of shares
    subject to the Plan and the number of shares and price per share
    subject to outstanding rights of purchase as shall be equitable
    to prevent dilution or enlargement of such rights; provided,
    however, that any such adjustment shall comply with the rules of
    Section 424(a) of the Code if the transaction is one
    described in said Section 424(a); provided, further that in
    no event shall any adjustment be made that would render any
    offering other than an offering pursuant to an employee stock
    purchase plan within the meaning of Section 423 of the Code.

 

    17.  Retirement,
    Termination and Death

 

    In the event of a Participant’s retirement or termination
    of employment, the amount in the Participant’s payroll
    deduction or other Plan account shall be refunded to such
    Participant and the restricted and nonrestricted shares of stock
    held for such Participant’s benefit by the Plan shall upon
    request be issued to such Participant, and in the event of such
    Participant’s death, such amount and stock shall be paid
    and issued to such Participant’s estate or as otherwise
    provided under applicable law.

 

		
	
    18.  
	
    Amendment
    of the Plan

 

    This Plan may be amended at any time by the Committee, subject
    to the approval of the stockholders of Celanese to the extent
    required by Section 423 of the Code, applicable law, or
    stock exchange listing standards.

    

    4

 

		
	
    19.  
	
    Termination
    of the Plan

 

    The Plan and all rights of employees hereunder shall terminate:
    (i) on the investment date that participating employees
    become entitled to purchase a number of shares greater than the
    number of shares that remain available for purchase under the
    Plan; or (ii) in the discretion of the Committee, upon the
    completion of any purchase period. In the event that the Plan
    terminates under circumstances described in (i) above,
    shares remaining available for purchase under the Plan as of the
    termination date shall be issued to Participants on a pro rata
    basis. Any cash balances remaining in Participants’ payroll
    deduction and other Plan accounts upon termination of the Plan
    shall be refunded as soon thereafter as practicable. The powers
    of the Committee provided by Section 3 to construe and
    administer any right to purchase shares granted prior to the
    termination of the Plan shall nevertheless continue after such
    termination.

 

		
	
    20.  
	
    Listing
    of Shares and Related Matters

 

    If at any time the Committee shall determine, based on opinion
    of counsel, that the listing, registration or qualification of
    the shares covered by the Plan upon any national securities
    exchange or under any state or Federal or foreign law or the
    consent or approval of any governmental regulatory body is
    necessary or desirable as a condition of, or in connection with,
    the sale or purchase of shares under the Plan, no shares will be
    sold, issued or delivered unless and until such listing,
    registration, qualification, consent or approval shall have been
    effected or obtained, or otherwise provided for, free of any
    conditions not acceptable to counsel.

 

		
	
    21.  
	
    Third
    Party Beneficiaries

 

    None of the provisions of the Plan shall be for the benefit of
    or enforceable by any creditor of a Participant. A Participant
    may not create a lien on any portion of the cash balance
    accumulated in such Participant’s payroll deduction or
    other Plan account or on any shares covered by a right to
    purchase before a stock certificate for such shares is issued
    for such Participant’s benefit.

 

		
	
    22.  
	
    General
    Provisions

 

    The Plan shall neither impose any obligation on Celanese or on
    any subsidiary corporation to continue the employment of any
    Participant or eligible employee, nor impose any obligation on
    any Participant to remain in the employ of Celanese or of any
    subsidiary corporation. For purposes of the Plan, an employment
    relationship shall be deemed to exist between an individual and
    a corporation if, at the time of the determination, the
    individual was an “employee” of such corporation
    within the meaning of Section 423(a)(2) of the Code and the
    regulations and rulings interpreting such Section. For purposes
    of the Plan, the transfer of an employee from employment with
    Celanese to employment with a subsidiary of Celanese, or vice
    versa, shall not be deemed a termination of employment of the
    employee. Subject to the specific terms of the Plan, all
    employees granted rights to purchase shares hereunder shall have
    the same rights and privileges.

 

		
	
    23.  
	
    Governing
    Law

 

    Except where jurisdiction is exclusive to the federal courts or
    except as governed by federal law, the Plan and rights to
    purchase shares that may be granted hereunder shall be governed
    by and construed and enforced in accordance with the laws of the
    State of Delaware.

 

		
	
    26.  
	
    Effective
    Date

 

    The effective date of this Plan is March 6, 2009. The Plan
    was originally effective upon its approval by the Board of
    Directors; provided, however, that no purchase period under the
    Plan began until a Registration Statement under the Securities
    Act of 1933, as amended, covering the shares to be issued under
    the Plan became effective.

    

    5exv10w2

Exhibit 10.2

AMENDMENT NUMBER ONE

to the

CELANESE CORPORATION DEFERRED COMPENSATION PLAN

     WHEREAS, Celanese Corporation (the “Company”) previously adopted the Celanese Corporation
Deferred Compensation Plan (the “Plan”) effective January 1, 2008;

     WHEREAS, Section 12.2 of the Plan provides that the Company may amend the Plan at any time;
and

     WHEREAS, the Compensation Committee of the Company’s Board of Directors has determined that it
is in the best interests of the Company to amend the Plan in the manner set forth below, and has
directed that the Plan’s administrative committee (the “Committee”) prepare and sign such
amendment.

     NOW, THEREFORE, the Plan is amended as follows:

	 	1.	 	Sections 5.1 and 5.2 are deleted and replaced with the following:

	 	5.1	 	Change in Control Benefit. Notwithstanding
anything herein to the contrary, a Participant shall receive his or her
Account Balance from the Company in the form of a lump sum payment in
the event that a Change in Control occurs prior to the Participant’s
Separation from Service, Disability or death (the “Change in Control
Benefit”). The Benefit Distribution Date for the Change in Control
Benefit shall be the date on which the Change in Control occurs.
	 
	 	5.2	 	Payment of Change in Control Benefit. The
Change in Control Benefit shall be calculated as of the close of
business on or around the Participant’s Benefit Distribution Date, as
determined by the Committee, and paid to the Participant no later than
30 days after the Participant’s Benefit Distribution Date.

	 	2.	 	The following subparagraph (d) is added to Section 6.2:

	 	(d)	 	If a Participant’s vested Account Balance does not
exceed $15,000 at the time the Participant Separates from Service under
this Article 6, then notwithstanding the foregoing provisions of this
Article 6 or any election by the Participant to the contrary, the
Participant’s vested Account Balance shall be paid to the Participant
in a lump sum no later than 60 days after the Benefit Distribution Date
described in Section 6.1(a). The provisions of this Section 6.2(d)
shall not apply to the Participant’s vested Account Balance unless the
Participant’s vested Account Balance and his or her interest in all
other plans, agreements, methods, programs or arrangements that must be
aggregated under Treasury

 

 

	 	 	 	Regulation Section 1.409A-1(c)(2) do not exceed $15,000 on an
aggregated basis, and all such other interests are terminated and
liquidated in their entirety at the same time as the lump sum
payment under this Section 6.2(b).

	 	3.	 	The following sentence is added to Section 12.2:

	 	 	 	In addition, the Committee may amend the Plan to the extent
necessary to accept a transfer of benefit liabilities from the
Celanese Americas Supplemental Retirement Savings Plan and to
incorporate that plan’s eligibility, benefit and payment provisions
in the event that Celanese Americas Corporation approves a transfer
of the Celanese Americas Supplemental Retirement Savings Plan’s
benefits and liabilities to this Plan.

     The changes made by this amendment are effective on the date set forth below.

     IN WITNESS WHEREOF, this Amendment Number One is signed this 11th day of December, 2008.

	 	 	 	 	 	 	 
	 	 	CELANESE CORPORATION DEFERRED
 COMPENSATION PLAN
COMMITTEE	 	 
	 
	 	 	 	 	 	 
	 	 	For the Committee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Patrick Carroll	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	     Patrick Carroll	 	 

	 	 	 	 	 
	ATTEST:

	 	     /s/ Jan Dean
	 	 
	 

	 	 	 	 
	 

	 	      Jan Dean

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}]]