Document:

Nalco Holding Company Amended and Restated 2004 Stock Incentive Plan

 Exhibit 10.67 
 NALCO HOLDING COMPANY 
 2004 STOCK INCENTIVE PLAN 
 RESTRICTED SHARES GRANT AGREEMENT 
 Stephen M. Taylor 
 THIS AGREEMENT, is made effective as of March 7, 2008 (the “Grant Date”)
(the fifth business date of the month following the month of Mr. Taylor was promoted), between Nalco Holding Company (the “Company”) and Stephen M. Taylor (the “Participant”). 
 R E C I T A L S: 
 WHEREAS, the Company has adopted the Plan (as defined below), the terms of which are hereby incorporated by reference and made a part of this Agreement; and 
 WHEREAS, the Compensation Committee of the Board of Directors of the Company (the “Committee”) has determined that the Participant be granted
the Restricted Shares provided for herein pursuant to the Plan and the terms set forth herein. 
 NOW, THEREFORE, in consideration of the
mutual covenants hereinafter set forth, the parties agree as follows: 
 1. Definitions. Whenever the following terms are used in this
Agreement, they shall have the meanings set forth below. Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan. 
 (a) “Plan” means the Nalco Holding Company 2004 Stock Incentive Plan, as the same may be amended, supplemented or modified from time to time. 
 (b) “Restricted Shares” means the shares of the Company’s common stock, par value $0.01 per share subject to the Time
Restrictions. 
 (c) “Time Restrictions” means those restrictions described in Exhibit A to this Agreement.

 (d) “Vested Shares” means those Restricted Shares that are no longer subject to Time Restrictions. 
 2. Grant of Restricted Shares. The Company hereby grants to the Participant, subject to the terms and conditions of this Agreement and the Plan, 50,000
Restricted Shares. 

 3. Delivery of Restricted Shares. 
 (a) In General. The Company shall issue a note in its electronic stock registry (without the issuance of certificates) the Restricted Shares in the
name of the Participant which shall bear a legend which shall provide that: 
 The shares of Nalco Holding Company are subject to the terms
and restrictions of the Nalco Holding Company 2004 Stock Incentive Plan and the Restricted Shares Agreement between the Participant and the Company (the “Grant Agreement”), such shares are subject to forfeiture or cancellation under the
terms of such Plan and the terms of the Grant Agreement under which the shares were issued, and such shares shall not be sold, transferred, assigned, pledged, encumbered or otherwise alienated or hypothecated except pursuant to the provision of such
Plan and the Grant Agreement, copies of which are available from the Secretary of Nalco Holding Company. 
 (b) Change of Control.
Notwithstanding the foregoing, upon a Change of Control, the Time Restrictions upon the Restricted Shares shall be lifted by the Company. 
 (c) Termination of Service. If the Participant ceases to be an employee of the Company or its affiliates for reasons other than death or disability or retirement in accordance with the normal retirement programs at the Company, the
Restricted Shares, other than Vested Shares, shall be immediately forfeited and canceled by the Company without any payment or other consideration. 
 (d) Satisfaction of Time Restrictions. If the Time Restrictions are satisfied for the Restricted Shares, prior to their forfeiture and subject to the other terms and conditions stated herein, the Company shall release the legend on
such Restricted Shares as related to the Time Restrictions. 
 (d) Registration or Qualification. Notwithstanding any other provision
of the Plan or this Agreement to the contrary, absent an available exemption to registration or qualification, the Restricted Shares may not be delivered prior to the completion of any registration or qualification of the Restricted Stock Units or
the Shares to which they relate under applicable state and federal securities or other laws, or under any ruling or regulation of any governmental body or national securities exchange that the Board or the Company’s Compensation Committee
(“Committee”) shall in its sole reasonable discretion determine to be necessary or advisable. 
 4. Legend on Vested Shares.
The Vested Shares issued to the Participant upon the vesting of the Restricted Shares shall be subject to such stop transfer orders and other restrictions as the Committee may deem reasonably advisable under the Plan or the rules, regulations, and
other requirements of the Securities and Exchange Commission, any stock 

 
exchange upon which such Shares are listed, any applicable federal or state laws or the Company’s Certificate of Incorporation and Bylaws, and the
Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 
 5.
Transferability. Unless otherwise determined by the Committee, Restricted Shares may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Participant otherwise than by will or by the laws of
descent and distribution, and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company or any Affiliate; provided that the designation of a beneficiary shall not
constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance. 
 6. Withholding. The Company or its
Affiliate shall have the right to withhold from any payment due or transfer made with respect to the Restricted Shares or the Participant’s employment, any applicable withholding taxes in respect of the Restricted Shares or any payment or
transfer with respect to the Restricted Shares or under the Plan and to take such action as may be necessary in the option of the Company to satisfy all obligations for the payment of such taxes. 
 7. Securities Laws. Upon the acquisition of any Vested Shares pursuant to the vesting of the Restricted Shares, the Participant will make or enter
into such written representations, warranties and agreements as the Committee may reasonably request in order to comply with applicable securities laws or with this Agreement. 
 8. Notices. Any notice under this Agreement shall be addressed to the Company in care of its General Counsel at the principal executive office of
the Company and to the Participant at the address appearing in the personnel records of the Company for the Participant or to either party at such other address as either party hereto may hereafter designate in writing to the other. Any such notice
shall be deemed effective upon receipt thereof by the addressee. 
 9. Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the State of New York, without regard to conflicts of laws. 
 10. Restricted Shares Subject to
the Plan. By entering into this Agreement the Participant agrees and acknowledges that the Participant has received and read a copy of the Plan. The Restricted Shares the Vested Shares received upon vesting are subject to the Plan. The terms and
provisions of the Plan as it may be amended from time to time are hereby incorporated by reference. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of
the Plan will govern and prevail 
 11. No Rights Until Vesting. The Restricted Shares shall have no rights to dividends, voting or
otherwise before vesting. 

 IN WITNESS WHEREOF, this Agreement has been executed and delivered by the parties hereto. 
  

			
	 NALCO HOLDING COMPANY

		
	 By
	 	 /S/ Mary Manupella

	 Its:
	 	Vice President – Human Resources
	
	 /S/ Stephen M. Taylor

	Participant

 TIME AND PERFORMANCE CONDITIONS 
 25,000 Restricted Shares shall vest on December 31, 2011 and become Vested Shares, if Participant continues to be employed on that date (excepting only a termination of employment due to the Participant’s
death or permanent disability). 
 25,000 Restricted Shares shall vest on December 31, 2012 and become Vested Shares, if Participant continues to be
employed on that date (excepting only a termination of employment due to the Participant’s death or permanent disability).Expatriate Agreement effective April 4, 2007

 Exhibit 10.69 
 NALCO COMPANY 
 EXPATRIATE ASSIGNMENT AGREEMENT 
 FOR 
 David Johnson

 Introduction 
 This expatriate agreement
is based on the following: a home location of Katy, Texas, and a host location of the Netherlands, the salary and position offered in the host location; and your current family size of two. If your family situation changes while you are on
assignment in the host location, certain aspects of this agreement may be recalculated to better reflect your situation. You must notify your home or host location human resources contact of any such changes to your family situation. 
 Assignment 
 Your assignment will commence on May 30, 2007
and your assignment location will be the Netherlands. Your title will be Group Vice President and President, EAME Operations, and you will report to Bill Joyce. 
 Salary 
 Your beginning base pay will be $269,445 per year. You will be paid in the home location in order to more easily maintain
your benefits eligibility. Your base pay will be reviewed periodically. 
 Employee Benefits 
 In order to assist in the repatriation process when the time comes, you will remain on the US benefit plans, with the exception of health benefits, which will be provided
under the CIGNA International Benefits Plan. You will be responsible for the premiums, which will be deducted from your pay in the US. 
 Mobility
Premium(s) 
 Additionally, Nalco will provide you with a Mobility Premium at the beginning of your assignment equal to 10% of your base pay ($26,945)
in effect as of the date of transfer to the host country. Upon successful completion of your assignment, you will receive an additional mobility premium equal to 10% of your base pay in effect on that date. If the assignment duration is less than 24
months, but more than 12, the second premium will be prorated or will not be paid. 
  

			
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 1 

 Housing and Utility Allowance 
 The Housing & Utilities Allowances are designed to cover the additional cost of housing and utilities in the host location. Your Housing Allowance is calculated as the difference between typical expatriate
housing cost in the host location and the home country-housing norm, unless you choose not to sell your home in Katy, Texas. The housing norm is defined as the typical cost of home country housing based on your salary and family size. The full
housing allowance, equal to the actual cost of unfurnished rental accommodations, up to a maximum of $46,724 per year, will be paid from the host country in local currency and will begin when you occupy rental housing in that location. If you elect
to sell your home in the US, a housing norm of $35,616 per year will be deducted from your home country pay as your contribution to the cost of housing in the host location. If you elect to maintain your home in the US, there will be no housing norm
deduction because you will continue to have home country housing costs. 
 Nalco will separately reimburse you for your host location utilities up to a
maximum of 170 Euros/month. Utilities are defined as expenditures for fuel and light, as well as power for heating, air-conditioning, cooking, and operating home appliances. Assistance with expenses such as Internet connection and private
residential phone service is provided for by the goods & services allowance discussed in the next section, Nalco will pay up to the amount indicated, but not more than actual costs for housing or utilities. 
 Goods & Services Allowance (G&S) 
 The G&S
Allowance represents the current difference between the cost of goods and services (excluding housing) in the host country vs. the home country. The calculation of this differential is based on family size on assignment and base salary. Your G&S
Allowance is $62,308 (46,407 Euros) per year and will be paid from the host country in local currency upon your relocation. This amount accounts for the cost of private transportation. If the company leases a vehicle or provides a company car, the
Goods & Services Allowance will be reduced to $34,448/year. The goods & services allowance will be reviewed periodically and adjusted for fluctuations of +/- 10%. 
 Educational Allowance 
 An educational allowance or direct payment of dependent education expenses, such as
tuition and certain school fees, will be provided in the host country. Nalco will cover the expenses of primary and secondary education (K-12) at an international school for expatriate’s children if no public schools are considered suitable
(curriculum, language, standards). 
 Language Training 
 Nalco recognizes the necessity for the expatriate and spouse to speak and understand the language of the host country. Therefore, if necessary, Nalco will reimburse the cost for up to 100 hours of language training at a course approved by
Nalco. 
  

			
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 Furnishing and Appliances Allowance 
 Reimbursement for Furnishings and Appliances will be provided up to a maximum of $7,500. 
 Pre-Move Trip

 You and your spouse will be provided with a pre-move trip to Leiden at Nalco’s expense for five working days. If your children must accompany
you during this trip, please be advised that you will need to seek approval of your manager. 
 Household Goods Transportation & Storage
Expenses 
 Nalco will cover the cost of shipping up to 500 pounds of personal items by air and the balance by sea up to a limit of a 40-foot
container. Nalco will not cover the shipment of vehicles to locations outside the United States. Nalco will pay for any storage of furniture and personal articles stored in your home country during your expatriate assignment. Vehicles may not be
placed in permanent storage. 
 If you must sell your personal vehicle(s) prior to your relocation, Nalco will provide loss on sale protection, defined as
the difference between your sale price to a private party or auto dealer and the published retail value of your vehicle. Loss on sale protection is limited to two personal vehicles, unless you have a company vehicle, in which case loss on sale
protection is limited to one personal vehicle. 
 Nalco will cover the air transportation cost only of shipping pets. Quarantine and other related charges
are your responsibility. The relocation allowance is typically used to cover such costs. 
 Relocation Travel Expenses 
 Nalco will pay for the reasonable relocation costs of economy class travel for you and your family from Katy, Texas to Leiden, including all reasonable en route expenses.
All reasonable en route expenses will be reimbursed on an expense account basis. You will also be reimbursed for airfare from your assignment location to your home country upon repatriation. 
 Relocation Allowances 
 You will be provided with US$7,500, as
a relocation allowance when you occupy housing in your host country. 
 Temporary Housing 
 Nalco will reimburse you for temporary lodging or provide lodging, including hotel and meals for a maximum of 30 days. 
  

			
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 Vacation 
 This
expatriate vacation policy states that an expatriate will receive the greater of the home country vacation entitlement or minimum four-week expatriate vacation entitlement, up to a maximum of six weeks. Vacation and leave will be tracked in your
host location. During your expatriate assignment you will follow the host location holiday schedule. 
 Home Leave Airfare Reimbursement

 You and your spouse will be reimbursed for round-trip economy-class airfare from your assignment location to the point of origin in your home
country once per calendar year. Home leave is considered part of your vacation time and may not be taken until you have been on your assignment for six months. 
 Repatriation 
 Nalco will provide for your repatriation as outlined in the Nalco Relocation Policy of your home country as long as you
return to your home country as an active employee. If you elect to maintain your home in the US, Nalco will not provide assistance in terms of covering home purchase or sale closing costs should you choose to sell your home when you repatriate,
unless you repatriate to a location in the US other than Katy, Texas. In that case, Nalco will provide for assistance with the sale of your home in the Katy, Texas area as outlined in the relocation policy current at that time. If you voluntarily
terminate your employment from Nalco, no relocation assistance will be provided. 
 Host Location Visa/Immigration Assistance 
 Nalco will cover the cost of seeking appropriate entry visas and employment authorization in the host location. This process will be coordinated and arranged by the host
location. The local authorities may require a medical exam as part of this process. If required by law, you will be reimbursed the cost of such an exam either through your health insurance provider or directly based on receipts for services
received. If not required by host country law, it is strongly encouraged that you get a physical examination prior to relocating to your new location. This cost will be covered either by Nalco or your health care insurance provider. 
 Will Preparation 
 Nalco encourages expatriates to ensure their
wills and testaments are updated and current prior to relocating to the host location. The cost of will preparation or legal counsel to update your will is covered by the relocation allowance. 
 Compassionate Leave 
 If there is a death or a very serious
illness in your immediate family, in your home country, Nalco will permit you to return home for the emergency. Nalco will reimburse you for round trip business airfare, and provide for a leave for up to five working days once you arrive in your
home country. The Nalco Expatriate Policy defines immediate family in the same way as your home country compassionate leave policy. 
  

			
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 Tax Equalization 
 Nalco will make certain tax adjustments to assure that you are not required to pay any more or any less taxes as a result of various allowances granted to equalize living costs in the host country to those of your home country. Hypothetical
tax will be deducted from your pay in your home country based on the recommendation of Nalco’s international tax services provider. 
 Tax
Preparation 
 Nalco will also provide you with the services of a qualified accounting firm to prepare all U.S. and host country tax returns beginning
with the tax year of your assignment and ending with the tax year of return to your home country. 
 Employment-at-Will 
 Nothing in this agreement should be construed to create an obligation on Nalco’s part to continue your employment. You agree that your employment with Nalco is at
will and understand Nalco may terminate your employment at any time. 
 Employment Agreement 
 You have read and signed the Nalco Employment Agreement and you have agreed to abide by the terms of the agreement. 
 Any prior employment contract made between the employee and a Nalco subsidiary or affiliate will not be affected by this agreement. 
 This Agreement is based on an expatriate assignment of two to five years. Please note, if you were to remain in this specific geographical assignment for more than five
years, your expatriate status will revert to local status. 
 By signing below and initialing every page, you accept the terms and conditions of this
agreement. 
  

							
	ACCEPTED BY:	 	 /s/ David Johnson
	 		 	 4/6/07

		 	David Johnson	 		 	Date
				
	APPROVED BY:	 	  
	 		 	  

		 	Officer/Senior Leader of Business/Function	 		 	Date
				
		 	 /s/ W. H. Joyce
	 		 	 5/30/07

		 	CEO for the Talent Review Committee	 		 	Date

  

			
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 June 13, 2007 
 On
June 13, 2007 the Housing Allowance was changed for David Johnson to 54,000 Euros ($72,503) per year per Brian Corrigan. 
  

			
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