Document:

exv10w73

Exhibit 10.73

CODE SECTION 409A AMENDMENT

TO

TENNECO INC. VALUE ADDED (“TAVA”)

INCENTIVE COMPENSATION PLAN

     WHEREAS, Tenneco Inc. (the “Company”) has established the Tenneco Inc. Value Added Incentive
Compensation Plan (the “Plan”); and

     WHEREAS, amendment of the Plan for compliance with Section 409A of the Internal Revenue Code
of 1986, as amended, and the Treasury regulations issued thereunder now is considered desirable;

     NOW, THEREFORE, by virtue and in exercise of the power reserved to the Company and to the
Compensation/Nominating/Governance Committee of the Company’s Board of Directors by Section 8 of
the Plan and pursuant to the authority delegated to the undersigned officer of the Company, the
Plan be and is amended, effective January 1, 2008, in the following particulars:

	 	1.	 	By substituting the following for the definition of “Retirement” in Section
2:

“ ‘Retirement’ means the termination of the Participant’s employment with the Company or a
Subsidiary after the Participant’s attainment of age 65 or, if earlier, attainment of age
55 and completion of 10 years of service with the Company and its Subsidiaries.”

	 	2.	 	By deleting the last sentence Section 6(a) in its entirety and substituting
the following:

“The Bonus Amount determined under this subsection (a) shall not be earned by the
Participant until such time as the date on which it is paid, except that a Participant
shall be fully vested in their Bonus Reserve Account, if any, upon the earlier to occur of
such Participant’s (i) attainment of age 65, or (ii) attainment of age 55 and completion of
10 years of service with the Company and its Subsidiaries.”

	 	3.	 	By adding the following new Section 9:

“SECTION 9. CODE SECTION 409A

     (a) Time and Form of Payment. The time and form of payment of the
Participant’s Bonus Amount described in Section 6, if any, shall be made in accordance with
such Section, provided that with respect to termination of

 

 

employment for reasons other than death, the payment at such time can be characterized as a
‘short-term deferral’ for purposes of Code Section 409A or as otherwise exempt from the
provisions of Code Section 409A, or if any portion of the payment cannot be so
characterized, and the Participant is a ‘specified employee’ under Code Section 409A, such
portion of the payment shall be delayed until the earlier to occur of the Participant’s
death or the date that is six months and one day following the Participant’s termination of
employment (the ‘Delay Period’). Upon the expiration of the Delay Period, all payments and
benefits delayed pursuant to this Section 9(a) shall be paid to the Participant in a lump
sum. For purposes of the Plan the terms ‘termination of employment’ and ‘terminate’ and
variations thereof, as used in the Plan, are intended to mean a termination of employment
that constitutes a ‘separation from service’ under Code Section 409A.

     (b) Prohibition on Acceleration of Payments. Except as otherwise permitted
under Code Section 409A and the guidance and Treasury regulations issued thereunder, the
time or schedule of any payment or amount scheduled to be paid pursuant to the Plan may not
be accelerated.

     (c) Code Section 409A. The Plan and the benefits provided hereunder are
intended to comply with Code Section 409A and the guidance and Treasury regulations issued
thereunder, to the extent applicable thereto. Notwithstanding any provision of the Plan to
the contrary, the Plan shall be interpreted and construed consistent with this intent.
Notwithstanding the foregoing, the Company shall not be required to assume any increased
economic burden in connection therewith. Although the Company and the Committee intend to
administer the Plan so that it will comply with the requirements of Code Section 409A,
neither the Company nor the Committee represents or warrants that the Plan will comply with
Code Section 409A or any other provision of federal, state, local, or non-United States
law. Neither the Company, its Subsidiaries, nor their respective directors, officers,
employees or advisers shall be liable to any Participant (or any other individual claiming
a benefit through the Participant) for any tax, interest, or penalties the Participant
might owe as a result of participation in the Plan, and the Company and its Subsidiaries
shall have no obligation to indemnify or otherwise protect any Participant from the
obligation to pay any taxes pursuant to Code Section 409A.”

     IN WITNESS WHEREOF, the Company has caused this amendment to be executed by its duly
authorized officer this
24th day of December, 2008.

	 	 	 	 	 	 	 
	 	 	Tenneco Inc.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Richard P. Schneider	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Its:	 	Senior Vice President - Global
Administrationexv10w74

Exhibit 10.74

CODE SECTION 409A AMENDMENT

TO

LETTER AGREEMENT

     THIS CODE SECTION 409A AMENDMENT (the “Amendment”) is made this day of December, 2008 by and
between Tenneco Inc. (the “Company”) and Gregg Sherrill (the “Employee”).

RECITALS

     WHEREAS, the parties hereto are parties to a Letter Agreement (the “Agreement”); and

     WHEREAS, amendment of the Agreement for compliance with Section 409A of the Internal Revenue
Code of 1986, as amended, and the Treasury regulations issued thereunder now is considered
desirable;

     NOW, THEREFORE, in consideration of Employee’s performance, the mutual covenants contained
herein and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree, effective as of the date first above written to amend the
Agreement in the following particulars:

	 	1.	 	By deleting the paragraph of the Agreement captioned “Perquisite Allowance”
in its entirety and substituting the following:

     “Perquisite Allowance. You will receive an annual perquisite allowance of
$50,000, paid when the perquisite allowance is paid to other senior executives of the
Company, provided that such allowance shall be paid to you no later than two and one-half
months after the end of the applicable calendar year.”

	 	2.	 	By deleting the paragraph of the Agreement captioned “Severance” in its
entirety and substituting the following:

     “Severance. If your employment is involuntarily terminated by the Company for
reasons other than disability or Cause (as defined above) and other than under
circumstances which would entitle you to benefits under the Change in Control Plan, you
will be entitled to severance equal to two times your annual base salary payable in a
single lump sum, subject to your timely execution and delivery of a general release and
such other documents as the Company may reasonably request, provided that your severance,
if any, shall be paid within 60 days of your termination of employment.”

	 	3.	 	By adding the following two new paragraphs immediately at the end of the
Agreement:

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     “Reimbursements and In-kind Benefits. Any expense reimbursement under this
Agreement which provides for the ‘deferral of compensation’ (as such term is described
under Code Section 409A) shall be made promptly upon your presentation to the Company of
evidence of the fees and expenses incurred by you and in all events on or before the last
day of the taxable year following the taxable year in which such expense was incurred by
you; and no such reimbursement or the amount of expenses eligible for reimbursement, or
in-kind benefits provided, in any taxable year shall in any way affect the expenses
eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year,
except for any limit on the amount of expenses that may be reimbursed under an arrangement
described in Section 105(b) of the Code. Additionally, any right to expense reimbursement
or in-kind benefits shall not be subject to liquidation or exchange for another benefit.

     Code Section 409A. The parties intend that this Agreement and the benefits
provided hereunder qualify for an exemption from Code Section 409A, provided, however, that
if the Agreement and the benefits provided hereunder are not so exempt, they are intended
to comply with Code Section 409A to the extent applicable thereto. Notwithstanding any
provision of the Agreement to the contrary, the Agreement shall be interpreted and
construed consistent with this intent, provided that the Company shall not be required to
assume any increased economic burden in connection therewith. Although the Company intends
to administer the Agreement so that the Agreement and the benefits provided hereunder are
exempt from Code Section 409A or otherwise comply with the requirements of Code Section
409A, the Company does not represent or warrant that the Agreement will comply with Code
Section 409A or any other provision of federal, state, local, or non-United States law.
Neither the Company, its subsidiaries, nor their respective directors, officers, employees
or advisers shall be liable to you (or any other individual claiming a benefit through you)
for any tax, interest, or penalties you may owe as a result of compensation paid under the
Agreement, and the Company and its subsidiaries shall have no obligation to indemnify or
otherwise protect you from the obligation to pay any taxes pursuant to Code Section 409A.”

	 	4.	 	Except as modified herein the Agreement shall remain in full force and
effect.

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     IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above
written.

	 	 	 	 	 
	 	 	Tenneco Inc.
	 	 	 	 	 
	 
	 	By:	 	/s/ Richard P. Schneider
	 
	 	 	 	 
	 	 	 	 	 
	 
	 	Its:	 	Senior Vice President - Global Administration
	 
	 	 	 	 
	 
	 	 	 	 	 
	 	 	/s/
Gregg Sherrill
	 	 	Gregg Sherrill

3exv10w75

Exhibit 10.75

CODE SECTION 409A AMENDMENT

TO

LETTER AGREEMENT

     THIS CODE SECTION 409A AMENDMENT (the “Amendment”) is made this day of December, 2008 by and
between Tenneco Inc. (the “Company”) and Hari Nair (the “Employee”).

RECITALS

     WHEREAS, the parties hereto are parties to a Letter Agreement dated June 1, 2001, as amended
by Letter Agreement dated January 5, 2007 (collectively, the “Agreement”); and

     WHEREAS, amendment of the Agreement for compliance with Section 409A of the Internal Revenue
Code of 1986, as amended, and the Treasury regulations issued thereunder now is considered
desirable;

     NOW, THEREFORE, in consideration of Employee’s performance, the mutual covenants contained
herein and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree, effective as of the date first above written, to amend the
Agreement in the following particulars:

	 	1.	 	By adding the following new sentence to the end of the paragraph of the
Agreement captioned “Annual Bonus”:

“Your annual performance bonus, if any, shall be paid to you in a single lump sum after the
end of the calendar year for which such annual performance bonus is awarded but no later
than two and one-half months after the end of the calendar year for which such annual
performance bonus is awarded.”

	 	2.	 	By deleting the paragraph of the Agreement captioned “Perquisite Allowance”
in its entirety and substituting the following:

     “Perquisite Allowance. You will receive an annual perquisite allowance of
$30,000 ($15,000 per year during your international assignment) which you may receive in
either cash, perquisites, or a combination at your election, provided that such allowance
shall be paid to you no later than two and one-half months after the end of the applicable
calendar year.”

	 	3.	 	By adding the following new sentence to the end of the paragraph of the
Agreement captioned “Change in Control”:

“Notwithstanding anything to the contrary in this paragraph, the time or schedule of any
payment of your outstanding awards under the Plan or any other similar

1

 

benefit plan or compensation arrangement or program of the Company or its subsidiaries that
provides for the ‘deferral of compensation’ (as such term is described under Section 409A
of the Internal Revenue Code of 1986, as amended (the ‘Code’)), may not be accelerated
except as otherwise permitted under Code Section 409A and the guidance and Treasury
regulations issued thereunder.”

	 	4.	 	By deleting the paragraph of the Agreement captioned “Severance” in its
entirety and substituting the following:

     “Severance. Subject to the provisions of paragraph 9, if your employment is
terminated other than by you voluntarily or for death, disability, or non-performance of
your duties, subject to your timely execution and delivery of a general release and such
other documents as the Company may reasonably request: (a) you will be paid a severance
benefit in an amount equal to two times the total of your then current annual base salary
plus your bonus for the immediately preceding year, provided that your severance, if any,
shall be paid in a lump sum within 60 days after your termination of employment; (b)
subject to Board and/or Committee approval, all your outstanding awards under the Plan (or
any other similar benefit plan or compensation program or arrangement of the Company or its
subsidiaries) may vest and/or become exercisable on the date of your termination, provided
that the time or schedule of any payment of your outstanding awards under the Plan (or any
other similar benefit plan or compensation program or arrangement of the Company or its
subsidiaries) that provides for the ‘deferral of compensation’ (as such term is described
under Code Section 409A), may not be accelerated except as otherwise permitted under Code
Section 409A and the guidance and Treasury regulations issued thereunder; (c) vested stock
options you hold will remain exercisable for a period of not less than 90 days from your
termination (but not longer than the original expiration date of the applicable option);
and (d) the Company will continue to provide to you, for one year following the date of the
termination of your employment, health benefits amounting to no less than the amount of
health benefits you receive at the time your employment commences. COBRA continuation
coverage will begin following this one year period.”

	 	5.	 	By adding the following new sentence to the end of the paragraph of the
Agreement captioned “Tax Gross-Up Payment”:

“Notwithstanding anything to the contrary in this paragraph, payment of any Gross-Up
Payment shall not be made later than December 31 of the year next following the year in
which the excise tax imposed by Code Section 4999 is remitted to the taxing authority.”

	 	6.	 	By adding the following two new paragraphs immediately at the end of the
Agreement:

2

 

     “Reimbursements and In-kind Benefits. Any expense reimbursement under this
Agreement, including Exhibit A, which provides for the ‘deferral of compensation’ (as such
term is described under Code Section 409A) shall be made promptly upon your presentation to
the Company of evidence of the fees and expenses incurred by you and in all events on or
before the last day of the taxable year following the taxable year in which such expense
was incurred by you; and no such reimbursement or the amount of expenses eligible for
reimbursement, or in-kind benefits provided, in any taxable year shall in any way affect
the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other
taxable year, except for any limit on the amount of expenses that may be reimbursed under
an arrangement described in Section 105(b) of the Code. Additionally, any right to expense
reimbursement or in-kind benefits shall not be subject to liquidation or exchange for
another benefit.

     Code Section 409A. The parties intend that this Agreement and the benefits
provided hereunder qualify for an exemption from Code Section 409A, provided, however, that
if the Agreement and the benefits provided hereunder are not so exempt, they are intended
to comply with Code Section 409A to the extent applicable thereto. Notwithstanding any
provision of the Agreement to the contrary, the Agreement shall be interpreted and
construed consistent with this intent, provided that the Company shall not be required to
assume any increased economic burden in connection therewith. Although the Company intends
to administer the Agreement so that the Agreement and the benefits provided hereunder are
exempt from Code Section 409A or otherwise comply with the requirements of Code Section
409A, the Company does not represent or warrant that the Agreement will comply with Code
Section 409A or any other provision of federal, state, local, or non-United States law.
Neither the Company, its subsidiaries, nor their respective directors, officers, employees
or advisers shall be liable to you (or any other individual claiming a benefit through you)
for any tax, interest, or penalties you may owe as a result of compensation paid under the
Agreement, and the Company and its subsidiaries shall have no obligation to indemnify or
otherwise protect you from the obligation to pay any taxes pursuant to Code Section 409A.”

	 	7.	 	By adding the following new paragraph at the end of the section captioned
“Tax Equalization” in Exhibit A:

“Notwithstanding anything in the preceding paragraphs to the contrary, any tax equalization
payments shall be made no later than the end of your second taxable year beginning after
your taxable year in which your U.S. Federal income tax return is required to be filed
(including any extensions) for the year to which the compensation subject to the tax
equalization payment relates, or, if later, your second taxable year beginning after the
latest such taxable year in which your foreign tax return or payment is required to be
filed or made for the year to which the compensation subject to the tax equalization
payment relates.”

	 	8.	 	Except as modified herein the Agreement shall remain in full force and
effect.

3

 

     IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above
written.

	 	 	 	 	 	 	 
	 	 	Tenneco Inc.	 	 
	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Richard P. Schneider	 	 
	 	 	 	 	 

	 	 
	 	 	 	 	 	 	 
	 	 	Its:	 	Senior Vice President - Global
Administration	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 	 	/s/
Hari Nair	 	 
	 	 	Hari Nair	 	 

4

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