Document:

Amendment to Cabot Corporation Senior Management Severance Protection Plan

 Exhibit 10.3 
 AMENDMENT TO 
 CABOT CORPORATION 
 SENIOR MANAGEMENT SEVERANCE PROTECTION PLAN 
 Cabot Corporation, a Delaware corporation (the “Company”),
pursuant to Section 8.2 of the Cabot Corporation Senior Management Protection Plan (the “Plan”) and Section 4.F of the Cabot Corporation Benefits Committee Amended and Restated Charter (the “Charter”), hereby amends the
Plan effective January 1, 2009, as follows: 
  

	1.	The following three sentences are added at the end of Article I, Establishment of Plan: 

 “The Plan is intended to comply with the requirements of Section 409A, including the transition rules and exemptive relief provisions thereunder, and shall be construed and administered accordingly. A
termination of employment shall not be deemed to have occurred for purposes of any provision of the Plan providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a
“separation from service” within the meaning of Section 409A and, for purposes of any such provision of the Plan, references to a “termination,” “termination of employment” or like terms shall mean “separation
from service”. Notwithstanding the above, neither the Company nor any of its officers or directors, nor any other person charged with administrative responsibilities under the Plan, shall be liable to any Participant or former Participant, or
to any spouse or other beneficiary of any such Participant, by reason of the failure of any benefit hereunder to comply with the requirements of Section 409A.” 
  

	2.	The following definition is added at Section 2.19 and the definitions previously numbered 2.19 and above are renumbered accordingly: 

 “2.19 “Section 409A” means Section 409A of the Internal Revenue of 1986, as amended from time to time, including guidance
issued thereunder.” 
  

	3.	The following new Section 4.2(f) is added: 

 “4.2(f) All business or legal expenses or other reimbursements or in-kind benefits payable under the Plan that would constitute nonqualified deferred compensation subject to Section 409A, including any continuation of benefits
during the Continuation Period in Section 4.2(d) and any outplacement services in Section 4.2(e), to the extent Section 409A is applicable in each case, shall be subject to the following requirements: (i) they shall be paid
during the specified period or periods set forth in the Plan, but in no event later than the last day of the taxable year following the taxable year in which such expenses were incurred by the Participant, (ii) no such reimbursement or expenses
eligible for reimbursement in any taxable year shall in any way affect the Participant’s right to reimbursement of any other expenses eligible for reimbursement in any other taxable year, and (iii) the Participant’s right to
reimbursement or in-kind benefits shall not be subject to liquidation in exchange for any other benefit.” 

	4.	The following new Section 4.2(g) is added: 

 “4.2(g) Notwithstanding any other payment schedule provided in the Plan to the contrary, if the Participant is identified on the date of his separation from service as a “specified employee” as defined below, then, with
regard to any payment that is considered nonqualified deferred compensation subject to Section 409A and payable on account of a “separation from service,” such payment shall be made on the date which is the earlier of (A) the
expiration of the six (6)-month period measured from the date of the Participant’s “separation from service” and (B) the date of the Participant’s death (the “Delay Period”) to the extent required under
Section 409A. Upon the expiration of the Delay Period, all payments delayed pursuant to this Section shall be paid to the Participant in a lump sum, and all remaining payments due under the Plan shall be paid or provided in accordance with the
normal payment dates specified for them therein. “Specified employee” means a Participant who (i) has a separation from service in the period beginning July 1 of any given year and ending June 30 of the following year and
(ii) was a “key employee” (determined under Section 416(i)(1)(A)(i), (ii) or (iii) of the Code, applied in accordance with the regulations thereunder and disregarding Section 416(i)(5) of the Code) at any time
during the 12-month period ending on the March 31 immediately preceding such July 1; provided, however, that such Participant will be treated as a specified employee hereunder only if on the date of such Participant’s separation from
service, the Company (or any other corporation treated as a single employer with the Company) is a corporation any stock of which is publicly traded on an established securities market or otherwise.” 
  

	5.	A new Section 4.5(d) is added as follows: 

 “Any
tax gross up paid by the Company pursuant to this Section 4.5 shall be paid as provided above, but in any event no later than the end of the Participant’s taxable year next following the taxable year in which the Participant remits the
related taxes to the relevant taxing authorities or, where no taxes are remitted, but expenses are incurred as a result of an audit or litigation related to such tax liability, such expenses shall be paid or reimbursed no later than the end of the
Participant’s taxable year next following the taxable year in which the audit is completed or there is a final settlement or resolution of the litigation.” 
 In Witness Whereof, the Company has caused this Amendment to be signed by its duly authorized officer this 31st day of December 2008 and the undersigned officer certifies that the Charter has been approved by a
resolution duly adopted by the Company’s Board of Directors. 
  

					
	CABOT CORPORATION
		
	By:	 	/s/ Robby D. Sisco
		 	Name:	 	Robby D. Sisco
		 	Vice President, Human Resources

  
  

 -2-Amendment to Cabot Corporation Short-Term Incentive Compensation Plan

 Exhibit 10.4 
 AMENDMENT TO 
 CABOT CORPORATION 
 SHORT-TERM INCENTIVE COMPENSATION PLAN 
 Cabot Corporation, a Delaware corporation (the “Company”),
pursuant to Section VIII of the Cabot Corporation Short-Term Incentive Compensation Plan (the “Plan”) and Section 4.F of the Cabot Corporation Benefits Committee Amended and Restated Charter (the “Charter”), hereby amends
the Plan effective January 1, 2009, as follows: 
 A new Section VI is added as follows and the sections previously numbered VI and above are renumbered
accordingly: 
 “Unless an Award letter or other documentation establishing an Award provides a specified and objectively determinable
payment date or schedule to the contrary, all payments under the Plan will be made after the right to payment vests and in all events by March 15 of the calendar year following the calendar year in which the right to payment vests (or, if
later, by the 15th day of the third month following the end of the Company’s taxable year in which the right to payment vests). For purposes of the foregoing sentence, a right to payment will be treated as having vested when it is no longer
subject to a substantial risk of forfeiture. Payments hereunder are intended to fall under the short-term deferral exception to Section 409A of the Internal Revenue Code of 1986, as amended, and shall be construed and administered
accordingly.” 
 In Witness Whereof, the Company has caused this Amendment to be signed by its
duly authorized officer this 31st day of December 2008. 
  

					
	CABOT CORPORATION
		
	By:	 	/s/ Robby D. Sisco
		 	Name:	 	Robby D. Sisco
		 	Vice President, Human ResourcesAmendment No. 2 to Cabot Corporation Amended and Restated Deferred Compensation

 Exhibit 10.5 
 AMENDMENT NO. 2 
 TO 
 CABOT CORPORATION 
 AMENDED AND RESTATED DEFERRED COMPENSATION PLAN 
 Cabot Corporation, a Delaware corporation (the “Company”), pursuant to Section 9 of the Cabot Corporation Amended and Restated Deferred
Compensation Plan, as amended November 9, 2007 (the “Plan”), hereby amends the Plan, as follows, effective January 1, 2009: 
 1. The
following definitions are added as Sections 2.16 and 2.17 and the prior Section 2.16 is renumbered as 2.18: 
 Section 2.16
“Separation from Service.” A “separation from service” (as that term is defined at Treas. Regs. § 1.409A-1(h)) from the Company and from all other corporations and trades or businesses, if any, that would be treated as a
single “service recipient” with the Company under Treas. Regs. § 1.409A-1(h)(3). Wherever the terms “separation from service”, “termination of employment” (or other correlative terms) appearing in the Plan affect a
Participant’s entitlement to, or the timing of, the payment of any amount of deferred compensation subject to Section 409A of the Code, such terms shall be construed to require a “Separation from Service” as defined in this
Section 2.16. 
 Section 2.17 “Specified Employee.” A Participant who (i) has a Separation from Service in the
period beginning July 1 of any given year and ending June 30 of the following year and (ii) was a “key employee” (determined under Section 416(i)(1)(A)(i), (ii) or (iii) of the Code, applied in accordance with
the regulations thereunder and disregarding Section 416(i)(5) of the Code) at any time during the 12-month period ending on the March 31 immediately preceding such July 1; provided, however, that such Participant will be
treated as a Specified Employee hereunder only if at the date of such Participant’s Separation from Service, the Company (or any other corporation forming part of the Employer) is a corporation any stock of which is publicly traded on an
established securities market or otherwise. 
 2. Section 5(a) is amended in its entirety to read as follows: 
 (a) Form and timing of distributions; in general. Amounts credited to a Participant’s Account for any year under
Section 4(a) above (the “deferral year”) 
 (i) consisting of the Participant’s deferrals under
Section 3, adjusted for notional earnings under Section 4(b) above, shall be paid as the Participant elects either 
 (x) upon the expiration of a fixed period of years, but in no event earlier than the third anniversary of the beginning of the deferral year (a “fixed-period election”), or 

 (y) upon the Participant’s Separation from Service (a “separation-from-service
election”); and 
 (ii) consisting of credits to the Participant’s Account made by the Employer, adjusted for
notional earnings under Section 4(b) above, shall be paid upon the Participant’s Separation from Service. 
 Any election made under this
Section 5(a) shall not be effective for any deferral year unless made prior to the beginning of the deferral year or within 30 days of the Participant’s becoming eligible to participate in the Plan, in the case of an initial year of
participation described in Section 3(b) above, and once made shall be irrevocable. 
 An amount distributable pursuant to a fixed-period election shall
be paid in a lump sum in January of the year specified in such fixed-period election (a “fixed-period payment date”). Any amount distributable pursuant to 5(a)(ii) for the deferral year to which a fixed-period election relates shall be
paid in a lump sum as soon as reasonably practicable upon the Participant’s Separation from Service, but no later than 60 days following such Separation. If the Participant Separates from Service prior to a fixed-period payment date, the amount
that would otherwise have been payable on such date shall instead be paid in a lump sum as soon as reasonably practicable, but no later than 60 days following such Separation. 
 Upon making a separation-from-service election, a Participant may elect to have amounts distributable under both sections 5(a)(i) and 5(a)(ii) for the deferral year to which such election relates paid either in a lump
sum or in installments over a period of three, five or ten years (a “form-of-payment election”). If a Participant chooses a lump sum form of payment, such lump sum shall be paid as soon as reasonably practicable, but no later than 60 days
following the Participant’s Separation from Service, subject to any election change pursuant to Section 5(b). If a Consultant or an Eligible Employee chooses an installment form of payment, installment payments shall be paid biweekly in
each regular payroll payment of the Company and shall commence as of the first payroll period of the Company in the calendar year following the calendar year in which such Participant Separates from Service, subject to any election change pursuant
to Section 5(b). If a Director chooses an installment form of payment, installment payments shall be paid quarterly and shall commence as of the last day of the quarter in which the Director Separates from Service. Notwithstanding a
Participant’s election under this Section 5(a) to receive installment payments, if the present value of the amount to be paid in installments is less than $50,000 at the time of the Participant’s Separation from Service, all amounts
otherwise distributable to such Participant as installments shall be paid in a lump sum as soon as reasonably practicable, but no later than 60 days following such Separation. 
 A Participant may have more than one fixed-period payment election in effect at one time with respect to his or her Account and may have both a fixed-period payment election or elections and a separation-from-service
election in effect at one time with respect to his or her Account. For example, a Participant may elect to have deferrals for 2008 paid in 2012, deferrals for 2009 paid upon Separation from Service, and deferrals for 2010 paid in 2015. However,
except as provided below in Section 5(c), a Participant may have only one form of payment election in effect at any time with respect to all amounts the Participant has elected to have paid upon Separation from Service under Sections 5(a)(i)(y)
and 5(a)(ii). 

 3. Section 5(d) is amended in its entirety to read as follows: 
 “ Key Employees. Notwithstanding the provisions of Section (a) above, any lump sum payment distributable upon the separation from service of a
Participant who is a Specified Employee shall be paid on the date that is six months after the date of the Participant’s Separation from Service. If a Participant who is a Specified Employee has elected an installment form of payment, any
installment payments payable during the first six months following the date of such Participant’s separation from service shall instead be paid on the later of (i) the date provided in Section 5(a) and (ii) the date that is six
months following such Participant’s Separation from Service.” 
 4. The second sentence of Section 5(e) is replaced in its entirety with the
following two sentences: 
 “ If death occurs prior to the commencement or completion of installment distributions to the Participant, the Administrator
shall distribute the remaining balance of the decedent’s Account to the designated beneficiary(ies), or to the decedent’s estate where applicable, in a lump sum as soon as reasonably practicable, but no later than 90 days, following such
Participant’s death; provided, however, that the Company shall not be liable to the Participant nor to the estate nor beneficiary of the Participant, by reason of any acceleration of income or additional tax under Section 409A of the Code,
or for any other reason in connection with the timely payment of any amount under this Section 5(e). The Administrator reserves the right to request a certified death certificate or other confirmation of death satisfactory to the Administrator
at his or her discretion with respect to a payment to be made to the Participant’s beneficiary, and if so requested by the Administrator, the provision of such confirmation of death shall be a precondition to payment to the Participant’s
beneficiary.” 
 5. Section 5(g)(ii) is amended by replacing the word “monthly” each place it occurs in such Section with the word
“biweekly.” 
 In Witness Whereof, the Company has caused this Amendment to
be signed by its duly authorized officer this 31st day of December, 2008. 
  

			
	CABOT CORPORATION
		
	By:	 	/s/ Robby D. Sisco
	Its:	 	Vice President, Human Resources

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