Document:

exv10w5xby

Exhibit 10.5(b)

	 	 	 
	 

	 	
	 
	 	 
	 

	 	STRICTLY
	 

	 	CONFIDENTIAL

	 	 	 
	TO:

	 	Richard Ott
	FROM:

	 	Kevin Fogarty
	DATE:

	 	January 1, 2008

Re: Special Bonus

As you are aware, we are in the process of evaluating potential strategic options for the company.
As a key employee of Kraton Polymers LLC (“Kraton”), your continued effort in managing your area of
responsibility during this interim period is important. Therefore, we are pleased to offer you the
opportunity to receive a special bonus, payable in two tranches, subject to certain conditions as
set forth below (the “Special Bonus”) in an aggregate amount of $200,000, with the expectation that
you will remain an employee of Kraton through the dates specified below. Capitalized terms used but
not otherwise defined herein shall have the meanings ascribed to such terms in the TJ Chemicals
Holdings LLC 2004 Option Plan, as amended.

The terms of the Special Bonus are as follows:

     A. Bonus A. If you are an employee of Kraton on January 1, 2008 (“Vesting Date
A”),Kraton or its successor in interest will pay you one half of your Special Bonus ($100,000)
within thirty (30) days following Vesting Date A.

     B. Bonus B. If you are an employee of Kraton on July 1, 2008 (“Vesting Date B”),
Kraton or its successor in interest will pay you the remaining one half of your Special Bonus
($100,000) within thirty (30) days from Vesting Date B.

     C. If your employment is terminated:

          (1) by the Company without Cause or by you for Good Reason (i) prior to your Special Bonus
being paid in full and (ii) within 30 days prior to, or at any time following, the occurrence of a
Change in Control, you shall immediately be entitled to receive the full amount of your Special
Bonus, to the extent not previously paid to you, within thirty days following the date your
employment is terminated.

          (2) under any other circumstances you will forfeit your right to the portion of the Special
Bonus, if any, which has not been paid as of the date of your termination of employment;
provided, that if such termination is (i) not the result of either a termination by the
Company for Cause or by you without Good Reason and (ii) occurs within 30 days following either
Vesting Date A or Vesting Date B and the portion

Kraton Polymers US LLC

15710 John F Kennedy Blvd, Suite 300, Houston, Texas 77032

phone: 281.504.4700 fax: 281.504.4953 www.kraton.com

 

 

of the Special Bonus then due has not yet been paid as of such termination, you shall not forfeit
your right to that payment.

     D. This letter and the terms and existence of the Special Bonus are strictly confidential. In
the event you are found to have breached your confidentiality obligations, the Special Bonus
offered herein to the extent not previously paid to you shall be immediately forfeited and you
shall be required to repay any portion of the Special Bonus previously distributed to you.

You shall be responsible for all taxes imposed with respect to benefits to which you become
entitled pursuant to this Letter Agreement; provided that all payments hereunder shall be
less applicable withholdings.

The effectiveness of this Letter Agreement is contingent upon your agreement, as evidenced by your
signing in the space provided below on or before January 18, 2008, that you have reviewed and
understood the terms of this Letter Agreement.

	 	 	 	 	 	 
	Kraton Polymers LLC

	 
	Acknowledged and Agreed to:
	 

	 
	 	 	 	 	 
	By:  
	/s/ Kevin Fogarty	 	By:  
	/s/ Richard Ott	 
	 	 

	 	 	 	 
	 	Kevin Fogarty

	 	 	Richard Ott	 
	 

	 	 	 	Date: 01/17/08exv10w9xby

Exhibit
10.9(b)

	 	 	 
	 

	 	
	 
	 	 
	 

	 	STRICTLY

CONFIDENTIAL

	 	 	 
	TO:

	 	David Bradley
	FROM:

	 	Richard Ott
	DATE:

	 	January 1, 2008

Re: Special Bonus

As you are aware, we are in the process of evaluating potential strategic options for the company.
As a key employee of Kraton Polymers LLC (“Kraton”), your continued effort in managing your area of
responsibility during this interim period is important. Therefore, we are pleased to offer you the
opportunity to receive a special bonus, payable in two tranches, subject to certain conditions as
set forth below (the “Special Bonus”) in an aggregate amount of $400,000, with the expectation that
you will remain an employee of Kraton through the dates specified below. Capitalized terms used but
not otherwise defined herein shall have the meanings ascribed to such terms in the TJ Chemicals
Holdings LLC 2004 Option Plan, as amended.

The terms of the Special Bonus are as follows:

     A. Bonus A. If you are an employee of Kraton on January 1, 2008 (“Vesting Date A”),
Kraton or its successor in interest will pay you one half of your Special Bonus ($200,000) within
thirty (30) days following Vesting Date A.

     B. Bonus B. If you are an employee of Kraton on July 1, 2008 (“Vesting Date B”),
Kraton or its successor in interest will pay you the remaining one half of your Special Bonus
($200,000) within thirty (30) days from Vesting Date B.

     C. If your employment is terminated:

          (1) by the Company without Cause or by you for Good Reason (i) prior to your Special Bonus
being paid in full and (ii) within 30 days prior to, or at any time following, the occurrence of a
Change in Control, you shall immediately be entitled to receive the full amount of your Special
Bonus, to the extent not previously paid to you, within thirty days following the date your
employment is terminated.

          (2) under any other circumstances you will forfeit your right to the portion of the Special
Bonus, if any, which has not been paid as of the date of your termination of employment;
provided, that if such termination is (i) not the result of either a termination by the
Company for Cause or by you without Good Reason and (ii) occurs within 30 days following either
Vesting Date A or Vesting Date B and the portion of

Kraton Polymers US LLC

15710 John F Kennedy Blvd, Suite 300, Houston, Texas 77032

phone: 281.504.4700 fax: 281.504.4953 www.kraton.com

 

 

the Special Bonus then due has not yet been paid as of such termination, you shall not
forfeit your right to that payment.

     D. This letter and the terms and existence of the Special Bonus are strictly confidential. In
the event you are found to have breached your confidentiality obligations, the Special Bonus
offered herein to the extent not previously paid to you shall be immediately forfeited and you
shall be required to repay any portion of the Special Bonus previously distributed to you.

You shall be responsible for all taxes imposed with respect to benefits to which you become
entitled pursuant to this Letter Agreement; provided that all payments hereunder shall be
less applicable withholdings.

The effectiveness of this Letter Agreement is contingent upon your agreement, as evidenced by your
signing in the space provided below on or before January 18, 2008, that you have reviewed and
understood the terms of this Letter Agreement.

	 	 	 	 	 	 
	Kraton Polymers LLC

	 	Acknowledged and Agreed to:	 
	 
	 	 	 	 	 
	By:  

	/s/ Richard Ott	 	By:  

	/s/ David Bradley	 
	 	 

	 	 	 	 
	 	Richard Ott

	 	 	David Bradley	 
	 

	 	 	 	Date: 01/10/08	 

Kraton Polymers US LLC

15710 John F Kennedy Blvd, Suite 300, Houston, Texas 77032

phone: 281.504.4700 fax: 281.504.4953 www.kraton.comexv10w16xby

Exhibit 10.16(b)

	 	 	 
	 

	 	STRICTLY
	 

	 	CONFIDENTIAL

	 	 	 
	TO:

	 	Kevin Fogarty
	FROM:

	 	Richard Ott
	DATE:

	 	January 1, 2008

Re: Special Bonus

As you are aware, we are in the process of evaluating potential strategic options for the company.
As a key employee of Kraton Polymers LLC (“Kraton”), your continued effort in managing your area of
responsibility during this interim period is important. Therefore, we are pleased to offer you the
opportunity to receive a special bonus, payable in two tranches, subject to certain conditions as
set forth below (the “Special Bonus”) in an aggregate amount of $400,000, with the expectation that
you will remain an employee of Kraton through the dates specified below. Capitalized terms used but
not otherwise defined herein shall have the meanings ascribed to such terms in the TJ Chemicals
Holdings LLC 2004 Option Plan, as amended.

The terms of the Special Bonus are as follows:

     A. Bonus A. If you are an employee of Kraton on January 1, 2008 (“Vesting Date A”),
Kraton or its successor in interest will pay you one half of your Special Bonus ($200,000) within
thirty (30) days following Vesting Date A.

     B. Bonus B. If you are an employee of Kraton on July 1, 2008 (“Vesting Date B”),
Kraton or its successor in interest will pay you the remaining one half of your Special Bonus
($200,000) within thirty (30) days from Vesting Date B.

     C. If your employment is terminated:

          (1) by the Company without Cause or by you for Good Reason (i) prior to your Special Bonus
being paid in full and (ii) within 30 days prior to, or at any time
following, the occurrence of a Change in Control, you shall immediately be entitled to receive
the full amount of your Special Bonus, to the extent not previously paid to you, within thirty days
following the date your employment is terminated.

          (2) under any other circumstances you will forfeit your right to the portion of the Special
Bonus, if any, which has not been paid as of the date of your termination of employment;
provided, that if such termination is (i) not the result of either a termination by the
Company for Cause or by you without Good Reason and (ii) occurs within 30 days following either
Vesting Date A or Vesting Date B and the portion

Kraton Polymers US LLC

15710 John F Kennedy Blvd, Suite 300, Houston, Texas 77032

phone: 281.504.4700 fax: 281.504.4953 www.kraton.com

 

 

of the Special Bonus then due has not yet been paid as of such termination, you shall not forfeit
your right to that payment.

     D. This letter and the terms and existence of the Special Bonus are strictly confidential. In
the event you are found to have breached your confidentiality obligations, the Special Bonus
offered herein to the extent not previously paid to you shall be immediately forfeited and you
shall be required to repay any portion of the Special Bonus previously distributed to you.

You shall be responsible for all taxes imposed with respect to benefits to which you become
entitled pursuant to this Letter Agreement; provided that all payments hereunder shall be
less applicable withholdings.

The effectiveness of this Letter Agreement is contingent upon your agreement, as evidenced by your
signing in the space provided below on or before January 18, 2008, that you have reviewed and
understood the terms of this Letter Agreement.

	 	 	 	 	 	 	 	 	 	 	 
	Kraton Polymers LLC	 	 	 	Acknowledged and Agreed to:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Richard Ott
	 	 	 	By:
	 	/s/ Kevin Fogarty	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 

	 	Richard Ott
	 	 	 	 	 	Kevin Fogarty	 	 
	 

	 	 	 	 	 	 	 	Date: 01/17/08	 	 

Kraton Polymers US LLC

15710 John F Kennedy Blvd, Suite 300 Houston, Texas 77032

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